We Are Suffering Through The Most Painful Economic Crisis Since The Great Depression Of The 1930s

I warned that an economic collapse was coming, and an economic collapse is exactly what we got.  2020 was a “personal financial disaster” for 55 percent of all Americans, approximately 12 million U.S. renters are “at least $5,850 behind in rent and utilities payments”, the Aspen Institute is projecting that up to 40 million people could be facing eviction when the rent and mortgage moratoriums finally end, and more than 70 million new claims for unemployment benefits have been filed since the COVID pandemic began.

Nobody can point to a time since the Great Depression of the 1930s when the U.S. economy was in worse shape than it is right now.

Unfortunately, there are no indications that this nightmare is going to end.  Last week, another 900,000 Americans filed new claims for unemployment benefits

Another 900,000 people filed new unemployment claims last week, President Donald Trump’s last in office, a snapshot of the significant labor market challenges facing President Joe Biden.

An additional 423,000 people in 47 states filed new claims for Pandemic Unemployment Assistance, the program created to help gig and self-employed workers.

Prior to 2020, the all-time record for new unemployment claims in a single week was just 695,000, and that old record was set all the way back in 1982.

We shattered that old record early in 2020, but the bigger story is what has happened since we broke it.

At this point, the number of new claims for unemployment benefits has been above 695,000 for 44 weeks in a row.

That is starting to come close to a full year.

If that does not qualify as a “collapse”, then you are probably using a completely different definition of the word than I am using.

This unemployment crisis has hit low wage workers particularly hard.  At this point, even Fed officials are being forced to admit that the unemployment rate for low wage workers “is above 20%”.

Many of those low wage workers used to be employed in the restaurant industry, but the restaurant industry continues to be mired in the worst stretch that it has ever encountered

The number of “seated diners,” a daily measure with which OpenTable tracks walk-ins and diners with reservations, in the week through January 20 in the US was down on average by 57% from the same period last year.

The hospitality industry also typically employs large numbers of low wage workers, and we are being told that last year was the “worst year on record” for that industry…

According to STR, Inc, a hotel industry market data firm, 2020 was absolutely the worst year on record for hotels as industrywide profits fell to zero, as the virus pandemic and resulting government-enforced social distancing measures kept travelers at home.

STR’s latest report said the US hotel occupancy rate was 44% for the year, down from 66% in 2019. This was the lowest occupancy rate on record. In an earlier STR report, we noted weeks ago that the industry had one billion unsold room nights for the first time, surpassing the record of 786 million in 2009.

Countless numbers of small business owners have also been absolutely devastated by this economic downturn.

Each month, thousands of small businesses die a permanent death, and the outlook for the months ahead is not good at all.

The Epoch Times recently interviewed one small business owner in Minnesota who admitted that “the fallout by this time next year will be shocking”…

The ramifications of the forced shutdowns on thousands of small businesses in Minnesota is going to be huge, says Julie Schroeder, who owns two craft stores in the Minneapolis metro area.

“The fallout by this time next year will be shocking,” she told The Epoch Times on Dec. 30, 2020.

Meanwhile, north of the border small businesses are being destroyed at a staggering rate as well

The Canadian Federation of Independent Business is warning that more than 220,000 businesses across the country are at risk of permanently closing due to the COVID-19 pandemic.

The CFIB, a lobby group that represents small and medium-sized businesses (SMBs) in Canada, released a new report on Thursday that surveyed 4,129 members about business prospects through the pandemic. The survey found that 181,000 businesses – or one in six – are seriously contemplating permanently closing. That’s up from a similar survey conducted in July, which found that 158,000 businesses were at risk of closing.

In the end, if we can keep the amount of small businesses in the U.S. and Canada that go under to less than 20 percent that should be considered a major victory.

Because I have a feeling that the final number is going to be well above that threshold.

And the Biden administration does not seem too sympathetic to the needs of small businesses at this point.  For example, one new law that Biden is likely to sign would absolutely cripple small truckers

Trucking industry experts expect Joe Biden’s presidency to seriously jeopardize many small American trucking companies, and the prospects of truck drivers who work as independent contractors.

Biden is poised to sign a transportation law passed in the Democratic House and stalled in the then-Republican Senate in 2019. The Moving Forward Act had required commercial motor vehicles to maintain more than $2 million in insurance liability, more than doubling the existing $750,000.

Wouldn’t it be nice if our representatives in Washington were forced to take a basic course in economics before they were allowed to serve?

The blind are leading the blind, and the economic nightmare that we are currently experiencing is eventually going to get a whole lot worse.

But hopefully we can at least have a short period of time where things will plateau a bit before the next major trigger event happens.

So many people out there are really hurting right now, and it is not just financial pain that they are dealing with.

The past several months have been excruciatingly painful for tens of millions of Americans, and the truth is that there are countless people out there that are emotionally shattered at this moment.

If you are one of those people, just keep hanging in there.

It will take some time, but you will get through this and you will recover.

And I will continue to be here pumping out articles as I do my very best to try to help everyone make sense of a world that is going completely mad.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

They Didn’t Even Give Joe Biden One Day Before They Started Rioting…

When people tried to sell us on the idea that the radical left would quit rioting once Joe Biden was president, I just had to chuckle.  I knew that what they were saying simply was not true.  But I figured that the radical left would at least give Biden a few days before they started rioting, looting and burning things again.  Sadly, I was wrong.  Just hours after Joe Biden was sworn in, radical leftists in Portland and Seattle started going completely nuts.  The footage that you are about to see is extremely shocking, but so far the corporate media is mostly avoiding this story because it does not fit any of the narratives that they are currently trying to push.  Of course if it was Trump supporters rioting it would be the biggest news story in the entire nation right now.

Apparently, Antifa activists in Portland are not too thrilled that Biden is president, because the primary target of their violence on Wednesday was the Democratic Party of Oregon headquarters.

The corporate media was so quick to use the term “domestic terrorists” when it was Trump supporters that were going crazy.

Will the corporate media dare to use the same term for these nutjobs?

You can watch footage of Antifa radicals smashing the windows of the Democratic Party of Oregon headquarters right here.

Didn’t they realize that it was Inauguration Day?

Perhaps they should have actually given Biden a chance to do something that they don’t like before they started smashing things up.

Here is more footage of the damage that was caused.

In an attempt to stop the mayhem, the impotent police in Portland immediately posted a message on Twitter warning that the rioters could potentially face “arrest or citation”

To those gathered near the Democratic Party of Oregon Portland Headquarters: Members of this group have been observed damaging the building. Anyone who is involved in criminal behavior including: vandalism and graffittiing is subject to arrest or citation.

Oh no, not a citation!

Surprisingly, that tweet did not end the violence.

Meanwhile, Antifa once again demonstrated who rules the streets of Seattle.

When they got to just the right spot, they burned an American flag in the middle of an intersection.

Not satisfied with that, the Antifa rioters also decided to vandalize an Amazon Go store in the downtown area.

Many in the corporate media are envisioning that the primary threat of violence will come from Trump supporters now that Biden is president.

But that is not even close to the truth.

Over the past year, it has been the radical left that has been endlessly rioting, looting and setting buildings on fire.  They have relentlessly assaulted police stations, courthouses and other federal buildings, and not once has the corporate media ever referred to them as “domestic terrorists”.

You would think that the fact that Biden has replaced Trump in the White House would make the radical left happy for a few days, but it appears that nothing will ever make them happy for very long.

As I have warned over and over again, the radical left wants to dismantle the entire system and bring about a full-blown revolution in this country.

Now that Trump is out of office, all of this political violence is Biden’s problem now.

Will he have the guts to stand up to the radical left?

We shall see what happens.

The worse economic conditions in this country become, the worse the rioting is going to get, and the radical left is making it clear that Biden is not going to get any sort of a “honeymoon” period.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

6 Asteroids Will Make Close Approaches To Earth On Inauguration Day

After all of the weirdness that we have witnessed over the past year, it just wouldn’t feel right if something strange didn’t happen on Inauguration Day.  And right on cue, NASA is telling us that six asteroids will make close approaches to our planet within that 24 hour period.  One would be noteworthy, but six almost seems like overkill.  Could it be possible that someone is trying to get our attention?  Over the past couple of years, the number of “near misses” that we have had with asteroids has seemed to increase dramatically.  And as I have discussed previously, sometimes we don’t even see them until they have already gone past our planet.  This is a trend that I am going to keep a close eye on, because scientists assure us that eventually our luck will run out and our planet will get hit by a big one.

The good news is that none of the asteroids that are heading our direction will hit us on Inauguration Day.  But the fact that so many are buzzing the Earth all at once is definitely noteworthy

NASA’s Center for Near Earth Object Studies reported that six pieces of space rock will be passing by our planet tomorrow, 20th Jan., when the US celebrates Inauguration Day — the day when the new president-elect is vested with the powers of his office.

The agency says everything should be alright and that these meteorites will zip past harmlessly. Still, after 2020 and this election’s history, we can all be forgiven some wallowing in skepticism and despair at the thought that they might not. We’ve earned it.

If 7 asteroids were zipping by our planet, many would consider that to be a good sign, because the number 7 is generally associated with good things.

But the number 6 is a different matter altogether.

And it turns out that one of the giant space rocks is almost exactly as tall as the Statue of Liberty

One of the rocks has the potential to be almost as big as the Statue of Liberty in New York City, an iconic American landmark.

Asteroid 2021 BC will be travelling at around 29,000 miles per hour when it passes Earth and could be up to 302ft.

For reference, the Statue of Liberty is 305 feet tall.

All of this might mean something, or it might mean nothing at all.

I just found it to be interesting, and so I decided to write about it.

In addition to everything that I just shared, a giant space rock known as “Asteroid 2021 BO” flew by our planet at a distance of just 0.06 lunar distances on the 18th

A newly-discovered asteroid designated 2021 BO flew past Earth at 0.06 LD / 0.00016 AU (23 935 km / 14 900 miles) at 08:19 UTC on January 18, 2021. On the same day, at 01:16 UTC, another asteroid — designated 2021 BK — flew past us at a distance of 0.59 LD (0.00151 AU).

2021 BO is the 5th known asteroid to flyby Earth within 1 lunar distance since the start of the year and the 23rd closest flyby on record.

0.06 lunar distances is closer than many of the orbits of our communications satellites.

So that was a very close call.

And once again we see the number 6 popping up.

I am sure that is just a coincidence.

Also, who do you think of when you see the initials “BO”?

Needless to say, most people think of Barack Obama.

Joe Biden served under Barack Obama for two terms, and this asteroid known as “BO” just happened to fly by our planet two days before Joe Biden’s inauguration.

Once again, I do not know if any of this actually means anything.

I just find it to be interesting.

Switching gears, when Joe Biden takes the oath of office it is officially going to mark the end of an era.

For the past four years, we have had to endure an endless parade of Internet rumors, outright lies and false “prophecies”.

For the past four years, we have been told over and over again that there was a “plan”, that thousands of high profile criminals were about to be brought to justice, and that Donald Trump would surely have a second term.

Even after the Electoral College voted, many continued to cling to outrageous fantasies that had absolutely no basis in reality.

Now a very long list of people will be proven wrong, and millions of Americans will be emotionally shattered as the hoaxes they believed come crashing down all around them.

Just like journalists in the mainstream media, those of us that serve in the independent media have a responsibility to share information that is factual, accurate and grounded in reality.

Yes, we can speculate about what may or may not happen in the political realm, and it is certainly okay to have strong opinions about the crazy events that are transpiring all around us.

But continuously feeding people information that is obviously false is not okay, and perpetuating wild fantasies that originate from fraudulent sources is not okay either.

Those that have been knowingly pushing false information should not criticize the mainstream media for putting out “fake news” because they are doing the exact same thing.

Even worse are the charlatans that convinced millions upon millions of people that God told them that Donald Trump would win the election.

No He didn’t.

Those fakers should be ashamed of themselves.  All throughout human history, there have been true prophets and there have been false prophets, and our time is no different.  And now that millions of people have been let down by false prophets, it is going to make it so much more difficult to share the true voices that have been relentlessly warning us about what is coming.

But right at this moment, there are millions upon millions of people out there that don’t want to hear about anything because they believed the lies that they were fed day after day and now they are emotionally devastated.

I think that it would do our society a tremendous amount of good to rededicate ourselves to seeking the truth no matter what the cost.

Deception is absolutely rampant on both the left and the right, and that is extremely sad.

Hopefully what has happened will serve as a wake up call for lots of people, because time is truly running out for our country.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

America’s Slide Into Economic Oblivion Is Already Starting To Accelerate Here In 2021

Isn’t it fun to live in a rotting, decaying society that is coming apart at the seams all around us?  The latest economic numbers are extremely depressing, but now that free speech is being abolished and the elite are consolidating control over every aspect of our society, we are being assured that better days are right around the corner.  We have just got to be willing to accept the “new normal” which includes living in “tiny homes”, snacking on worms, and never expressing any independent thoughts which diverge from official mainstream narratives.  So with that in mind, I will try to share the horrible economic news that we have been getting in the most positive light possible.

This week, we learned that another 965,000 Americans filed new claims for unemployment benefits during the previous week…

The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.

The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered around 225,000. Last spring, after nationwide shutdowns took effect, applications for jobless benefits spiked to nearly 7 million – 10 times the previous record high. After declining over the summer, weekly claims have been stuck above 700,000 since September.

But we are being told that this is only because of the failed policies of the outgoing administration and that things will definitely be much better under the next socialist administration.

2020 was particularly a tough year for low paid workers.  At this point, even officials at the Federal Reserve are admitting that the unemployment rate for low paid workers “is above 20%”

Unemployment for the lowest-paid workers in the U.S. is above 20%, a figure that Federal Reserve Governor Lael Brainard said underscores the importance of policy help for the economy.

The figure indicates how uneven the recovery has seen since efforts to control the Covid-19 pandemic resulted in the biggest quarterly GDP drop since the Great Depression.

How can we put a positive spin on this?

Well, at least more of them have had an opportunity to stay home and not catch COVID.

So I guess you could say that this unemployment crisis has actually had a positive impact for public health.

And more Americans are getting the opportunity to “stay home” with each passing day.  Here is just one example

Dropbox is cutting its global workforce by about 11%, the company said in an 8K filing released Wednesday. The company’s stock was down more than 4.5% in late-morning trading.

The move will affect 315 people, who will be notified by the end of the business day.

Of course as fear of COVID continues to rise, American consumers are doing less shopping at Walmart and other corporate behemoths, and U.S. retail sales just fell for a third month in a row.

But that problem will soon be fixed, because more universal basic income checks are on the way.

All of the previous socialist “stimulus packages” weren’t enough, and so Joe Biden has unveiled “a $1.9 trillion plan to prop up the economy”

Friday offered the first chance for traders to act after President-elect Joe Biden unveiled details of a $1.9 trillion plan to prop up the economy. He called for $1,400 cash payments for most Americans, the extension of temporary benefits for laid-off workers and a push to get COVID-19 vaccines to more Americans. It certainly fit with investors’ expectation for a big and bold plan, but markets had already rallied powerfully in anticipation of it.

Doesn’t that sound great?

And Biden is also calling for “a national minimum wage of $15 an hour”.

Don’t worry, that won’t hurt the restaurant industry at all.

I don’t know why that statement is true, but that is what the “fact checkers” want us to say.

And since Republicans and Democrats both abandoned any pretense of fiscal responsibility long ago, nobody is really pointing out that we are already 27.6 trillion dollars in debt and that we simply can’t afford any more “stimulus packages”.

In fact, thanks to all of the reckless spending that we have already done, the budget deficit for the month of December 2020 was more than 10 times larger than the budget deficit for the month of December 2019…

The U.S. government posted a December budget deficit of $144 billion – a record for the month – due to far higher outlays with coronavirus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury Department said on Wednesday.

The Treasury said the December deficit compares with a $13 billion deficit in December 2019, before the COVID-19 pandemic started in the United States.

Overall, the U.S. national debt increased by more than 7 trillion dollars under the outgoing administration, and even CNN is admitting that “it will go much higher under Biden”.

But the adherents of Modern Monetary Theory assure us that “deficits don’t matter” and that we can borrow and spend as much money as we want.

Since that is true, why don’t we make the stimulus payments much larger?

If we are liquidating the Republic anyway, why not send a billion dollars to everyone?

Seriously though, there are millions upon millions of Americans that are deeply hurting as the U.S. economy melts down all around us.

I hope that you enjoyed my attempt at injecting some humor into our situation, but what many Americans are facing right now is not humorous at all.

At this point, most Americans are barely scraping by from month to month, and some are literally facing life or death financial decisions

A mother’s tearful confession that she can’t afford her son’s insulin despite working full-time has left commenters deriding the American healthcare system.

Katie Schieffer’s ten-year-old son was recently diagnosed with Type 1 diabetes and requires insulin every two hours — but the North Carolina mother was left in tears when she couldn’t afford his $1,000 prescription.

Can you imagine what it would be like to be in her shoes?

Our entire system is failing, and things are only going to get worse in the months and years ahead.

For decades, America has been running in the wrong direction and our leaders have been making incredibly foolish decisions.

Now there is deep pain everywhere around us, and the level of suffering is only going to increase as the U.S. slides even faster toward economic oblivion.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

“655 people have $4 trillion in wealth. 200 million can’t cover a $1000 expense.”

The COVID pandemic has caused the gap between the ultra-wealthy and the rest of us to grow larger than it ever has been before.  Thanks to the hyperinflationary policies of the Federal Reserve and our politicians in Washington, stock prices have soared to unprecedented heights in recent months.  This pushed the wealth of the uber-rich to dizzying heights, but for the rest of the country 2020 was an unmitigated nightmare.  As I have discussed previously, one survey found that 2020 was a “personal financial disaster” for 55 percent of all Americans.  More than 110,000 restaurants shut down permanently last year, Americans filed more than 70 million claims for unemployment benefits, and tens of millions are potentially facing eviction in 2021.  But even though we are mired in the worst economic downturn since the Great Depression of the 1930s, those at the very top of the economic pyramid are laughing all the way to the bank.

Earlier today, I came across a tweet from Sven Heinrich that really struck an emotional chord with me…

655 people have $4 trillion in wealth.

200 million can’t cover a $1000 expense.

I certainly don’t have any problem with people gaining wealth by working extremely hard and making society a better place in the process.

But most of the people at the very top of the economic pyramid only increased their wealth in 2020 because the powers that be decided to open up the firehoses and rain obscene amounts of money on them.

That isn’t right.

As a result of the deeply flawed policies that were implemented because of the COVID pandemic, the gap between “gains in financial assets and the health of the economy” was the largest ever recorded last year…

But as stock market indexes staged a huge rebound from the lows seen in March when the pandemic first hit, the gap between the wealthy and the poor extended an already widening trend to historic proportions.

A report via BofA Global Research published on Friday notes that a measure of the differential between gains in financial assets and the health of the economy hit a record at 6.3X in 2020.

My regular readers are probably sick and tired of hearing me say that the stock market has become completely divorced from economic reality, and now we have a hard number which backs up what I have been saying all along.

As I write this article, the Dow is sitting just above 31,000, and that is utterly absurd.

If the Dow were to fall to 15,000 it would still be overvalued.

Meanwhile, a brand new survey has discovered that only 39 percent of all Americans “would be able to cover an unexpected $1,000 expense”

Just 39% of Americans would be able to cover an unexpected $1,000 expense, according to a new report from Bankrate.com.

That’s down from 2020, when 41% of people said they could cover a $1,000 cost with their savings.

If only 39 percent of Americans currently have enough money for such an unexpected expense, that means that 61 percent of Americans do not.

According to Google, the current population of the U.S. is 328 million, and 61 percent of 328 million is just over 200 million.

So that is where Sven Heinrich got that figure from.

200 million of us have so little money that we are just barely scraping by from month to month.

And according to one of Walmart’s top executives, many of their customers do not expect “any kind of speedy recovery”

Walmart Chief Customer Officer Janey Whiteside said Tuesday that many of its shoppers don’t expect the economy to quickly bounce back from the coronavirus pandemic.

Almost half of customers surveyed in November told Walmart that they were worried about the current health of the economy, she said when speaking at the virtual National Retail Federation conference. She said 40% said they didn’t expect “any kind of speedy recovery.”

Unfortunately, those that are pessimistic about how the U.S. economy will perform in 2021 are right on target.

It is going to be a very painful year.

Of course it isn’t just consumers that are concerned about the year ahead.  Small business optimism is falling as well

A popular gauge of small-business confidence in the US sank to a seven-month low in December as stricter lockdown measures and climbing daily case counts cut into economic activity.

The National Federation of Independent Businesses’ index of small-business optimism fell 5.5 points last month to 95.9, according to a Tuesday release. The reading lands below the average index value since 1978 of 98 and marks the lowest level since May. Economists surveyed by Bloomberg expected the gauge to dip slightly to 100.2.

Americans generally tend to be quite optimistic about the future, but looking ahead there just aren’t any reasons to be optimistic about the U.S. economy in 2021.

The COVID pandemic continues to get even worse, new lockdowns have been instituted all over the country, our federal government is in a state of chaos, and there will inevitably be more rioting, looting and civil unrest in the months ahead.

Plus, there will undoubtedly be some additional unexpected surprises that most people are not anticipating.

Before I wrap up this article, there is just one more thing that I wanted to mention.  A programmer in San Francisco named Stefan Thomas is the proud owner of 7,002 Bitcoin, but he can’t access his fortune because he forgot the password, and he only has two more tries before he is locked out permanently…

Take Stefan Thomas, a programmer in San Francisco, who told The New York Times that he has 7,002 Bitcoin tucked away — currently worth about $236 million, nearly a quarter billion dollars — but that he has no idea how to access it and can only guess two more passwords before being locked out forever.

Even setting aside the long term prospects for crypto, the key message of these horror stories is that taking digital finances into your own hands is a huge risk if you can’t manage your passwords.

Can you imagine how you would feel if that happened to you?

Sadly, it could be argued that essentially the same thing is happening to the nation as a whole.

America has “forgotten the password” to what once made us so great, and we are running out of chances.

Let us hope that we wake up before it is too late, because time is not on our side at this point.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Without Freedom Of Speech, What Is Going To Happen To America?

It is quite ironic that many of those that are always telling us that we need “diversity” in our society are also some of the strongest voices against a “diversity of viewpoints” on social media.  The founders of this nation wanted to make sure that nobody would ever take the right to freedom of speech away from us, and that is why it was enshrined in the Bill of Rights.  Unfortunately, courts have greatly eroded that right over the last several decades, and now we are facing an all-out assault on freedom of speech that is unlike anything that we have ever seen before.  And once freedom of speech is completely gone, all of our other rights will soon follow, because there will no longer be any way to defend them.

When the United States was established, government was really the only major threat to free speech.  In early America, corporations were severely limited in size and scope, and that is because our founders were determined not to let them get too big or too powerful.

Our founders knew that enormous concentrations of money and power would be great threats to freedom, and that has definitely turned out to be the case.

In the old days, if you wanted to express yourself you could grab a soapbox and head down to a local street corner.  The reason why we use the term “marketplace of ideas” today is because people literally used to gather in marketplaces and town squares and exchange ideas with one another.

In our time, the Internet has become the place where we all gather to exchange ideas, but unfortunately control of all of the most important gathering spaces is in the hands of a very small group of colossal tech corporations.

When Facebook, Twitter and others were first growing, they generally allowed people to say pretty much what they wanted to say, and information flowed pretty freely.

But censorship has escalated dramatically over the past four years, and it reached a crescendo the other day when Twitter announced that it would be permanently suspending President Trump’s account.

How would our founders feel about that?

Tech giants such as Facebook and Twitter now have more money than many entire countries do, and in many ways they also have the same level of power that many national governments possess.

Just think about this – President Trump could never take away your ability to express yourself, but Facebook and Twitter can.

Of course big corporations dominate just about every other aspect of our society as well.  These collectivist institutions have become extremely dangerous, and they are really starting to throw their weight around.

Until the power of the big corporations is addressed, we will never have a truly free society again.

Just like leftist governments, big corporations seek to gather as much money and as much power under a single umbrella as possible.

Our founders wanted to empower the individual, and that is why they wanted to limit the size of government and that is why they also wanted to limit the size of corporations.

Sadly, it wasn’t just President Trump that got booted off Twitter in recent days.  Hordes of conservative accounts have been wiped out, and this has led many to use the word “purge” to describe what has been happening.

On my Twitter account, I have literally lost more than a thousand followers in just a few days.  Others have lost a lot more.

Many conservatives have been fleeing to Parler, but over the past several days the big tech giants teamed up to take that entire platform down

Parler will likely go offline for “a while” Sunday evening given Amazon Web Services’ decision to suspend the upstart social media platform after Wednesday’s U.S. Capitol riot, executives said Sunday.

“We are clearly being singled out,” Chief Policy Officer Amy Peikoff told “Fox & Friends Weekend” one day after Apple suspended Parler from its App Store even as it surged to the No. 1 spot in the free apps section earlier in the day.

I was absolutely stunned when I heard that had happened.

These people are not playing games.

For the moment, Gab.com is still up, and their traffic has surged more than 750 percent in just the last few days…

Gab.com, the free speech friendly social network, says traffic has increased by more than 750 percent in the past few days, following the blacklisting of President Donald Trump from most mainstream tech platforms.

“Our traffic is up 753% in the past 24 hours. Tens of millions of visits,” said Gab in response to a question about slow loading speeds.

But how long will it be before Gab is taken down as well?

The big tech companies don’t want diversity, they don’t want competition and they don’t want dissent.

What they want is complete and total domination.

Cancel culture is not good for our society.  If everyone with viewpoints that are not “politically correct” is eventually “canceled” we will have a society that looks a whole lot like communist China.

And I suppose that is precisely what a lot of people out there truly want.

It is not always easy to listen to viewpoints that you consider to be offensive.  Personally, I do not like most of what my fellow citizens are saying in 2021.

But in the United States we are not supposed to silence opposing viewpoints that we do not like.  Instead, we are supposed to strive for victory in the marketplace of ideas by showing that our viewpoints are better.

Unfortunately, the big tech companies have decided that millions of Americans should no longer be allowed to participate in the marketplace of ideas because their viewpoints are just too offensive.

Ironically, many of those that are doing the censoring have the most offensive and the most dangerous viewpoints of all.

Needless to say, if we stay on the path that we are currently on there is no future for America.

Without free speech, the system of government that our founders established simply won’t work.

What is the point of even having elections if we can only express one point of view?

In China, no dissent is allowed and one political party runs everything on a permanent basis.

America appears to be heading in the same direction, and there are millions of people in this country that are actually quite thrilled that this is happening.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Worse Things Get, The More The Stock Market Likes It

No matter how bad things become, stock prices just keep going up and up and up.  In 2020, we experienced the worst public health crisis in 100 years, the U.S. economy was plunged into the worst economic downturn since the Great Depression of the 1930s, Americans filed more than 70 million claims for unemployment benefits, and civil unrest raged in major cities all across the United States.  Meanwhile, we witnessed the greatest stock market rally in American history.  No matter what happened, nothing could seem to dampen the wild euphoria on Wall Street.

To start 2021, many believed that we had finally reached a point when bad news would finally start driving stock prices down.  Yesterday, I wrote about how some experts were warning that stock prices could fall substantially if Democrats gained control of the U.S. Senate after the runoff elections in Georgia.  Well, in the short-term those experts were proven wrong.  In fact, the Dow Jones Industrial Average actually rose 437 points on Wednesday.

Of course the bigger news on Wednesday was the utter chaos that we witnessed at the U.S. Capitol in Washington.  Doors and windows were smashed, members of Congress had to be evacuated, and protesters freely roamed through the halls and offices.  You would think that something like that would definitely send stock prices plunging, but instead the Dow ended the day up 437 points.

Even though we have just come through the worst year in recent memory, and even though our system of government is in disarray, stock prices hit an all-time record high on Wednesday.

One explanation for this is that investors consider the chaos in Washington to just be “temporary”…

“Although the takeover of the Capitol is shocking, it’s widely perceived to be temporary and contained in scope, at least in the immediate term,” says Yung-Yu Ma, chief investment strategist and managing director at BMO Wealth Management.

“This is going to be dealt with pretty swiftly and won’t have lasting repercussions in terms of disruptions to the government,” Ma added. “It won’t change the trajectory of a Biden presidency in the coming weeks.”

We shall see what happens, but a lot of people out there are not so optimistic that the governmental shaking that we have been witnessing will pass so easily.

Moving forward, investors appear to be salivating at the prospect that a Biden administration will mean that more stimulus money is on the way

“I think there’s an expectation … that there’s going to be a lot more spending,” Jason Trennert, chairman of Strategas, said on CNBC’s “Squawk Box” on Wednesday. “If the Democrats were to pick up two seats, there’s no question in my mind that later this year there would be a sense that more spending is needed.”

Goldman Sachs expects another big stimulus package to the tune of $600 billion in the near term if Democrats prevail and take the Senate.

Why not make it $600 trillion?

Every dollar that we borrow and spend just makes our long-term problems even worse, and so why not get the process over with?

As I discussed the other day, the trillions of dollars that have already been pumped into our system over the past 12 months by the Federal Reserve and by our politicians in Washington have fundamentally changed the trajectory of our future.  The money supply is rising at an exponential rate, and we are now on a hyperinflationary path.

Sadly, under a Biden administration there will be no going back.  Instead, the accelerator will be pushed even further toward the floor.

But it isn’t just our financial system that is in grave danger.

Our system of government is also in grave danger as well.

Our culture is in grave danger too.

In fact, our entire society is in grave danger.

There is no future for our country if we stay on the path that we are currently on.  We are engaging in self-destructive behavior in thousands of different ways, and even though there have been endless warnings, we are so addicted to our self-destructive behavior that we just can’t help ourselves.

At this point, it is difficult to imagine how anyone can possibly be optimistic about the future of our nation.

But apparently stock market investors disagree, because they just keep pushing stock prices higher and higher.

It shall be very interesting to watch how high they can go before the system finally implodes.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.