Anxiety

The Quality Of Life In The United States Is Going Down The Toilet

Is the quality of life in America getting better, or is it getting worse?  Americans certainly have a lot more “money” than they did when I was a kid, but that doesn’t mean much because the U.S. dollar has only a fraction of the value that it did back then.  And without a doubt our electronic devices have become much more advanced, but that doesn’t mean that we are happier.  In fact, everywhere I look people seem to be deeply unhappy.  It is rare to see someone actually smiling in public, but of course there is a good reason for that.  If you smile too much, someone might accuse you of being creepy.  As Americans, we are being trained to not express emotions and to keep to ourselves.  Being friendly is considered to be “suspicious”, if you tell a joke there is a very good chance that you will deeply offend someone, and if you express strong opinions you might just get “canceled”.

Even though we are far more “wealthy” than they were, I imagine that our culture is not too different from what East Germans experienced before the Berlin Wall came down.

There is so much hate and division in our society, and everyone seems ready to rat out those around them at the drop of a hat.  So most people are careful to keep to themselves, but at the same time most people are desperately lonely.

These days, most Americans walk around like a bunch of zombies.  In fact, as a result of mental health problems and stress, a majority of Americans are exhibiting at least one of the symptoms of post-concussion syndrome…

A survey of more than 31,000 people shows that insufficient sleep, mental health problems, and stress were the causes of a whole host of symptoms doctors are used to seeing in head injury patients. Symptoms of what doctors call post-concussion syndrome (PCS) range from persistent headaches, dizziness and anxiety, to insomnia and loss of concentration and memory.

While 27 percent of people report having several of these symptoms, between one-half and three-quarters say they experience at least one. The most common symptoms are fatigue, low energy and drowsiness. Yet despite their findings, researchers believe the number in the general population could be much higher.

Of course one of the primary reasons why so many people are acting like zombies is because we have been drugged out of our minds.  Americans take more legal drugs than anyone ever has in the entire history of the world, and each year the pharmaceutical companies come up with even more drugs for us to try.

In particular, because we are so deeply unhappy Americans take boatloads of anti-depressants.  More than 50 million Americans are on anti-depressants right now, and it gets worse with each passing year.

But even though we are taking so many “happy pills”, Americans continue to kill themselves at a staggering pace, and this is particularly true for our young people.

In North Carolina, one school superintendent recently shared the fact that “the suicide rate among teens is higher than the COVID rate of death in their county”…

The debate to reopen schools for in-person learning has highlighted an alarming idea – that students are not just falling behind academically, but at a heightened risk of death by suicide.

“One of our local superintendents recently shared with me that the suicide rate among teens is higher than the COVID rate of death in their county,” Sen. Deanna Ballard, a Republican from the 45th district, recently told CBS 17, though she declined to name the superintendent or county. Ballard did not respond to NC Health News’ requests for comment.

Isn’t that insane?

You can’t just blame the pandemic for the rise in suicide either.  In fact, the national suicide rate for teens was skyrocketing before the pandemic ever began…

The national rate of suicide in young people increased 57 percent between 2007 and 2018, according to the CDC.

“Even before the pandemic, we’ve been seeing an increase in youth suicides,” said Virginia Hamlet Rodillas, hotline manager for National Alliance on Mental Illness NC, which operates a statewide helpline.

If our society is so wonderful, then why are so many kids killing themselves?

The truth is that our society has become so sick and so twisted that life seems completely empty to so many of these youths.  Life is such a wonderful gift, and every day should be enjoyed to the fullest, but our society has become so evil that many teens are killing themselves rather than live in it one more day.

I once wrote an entire book about why people can have hope in these deeply troubled times, and I really wish that I could get it into the hands of everyone in America.

There is hope even for those that are facing the darkest circumstances, but most people don’t realize that because our society certainly doesn’t offer any.

Overall life expectancy has been dropping in the U.S. as well.  In fact, during the first half of 2020 life expectancy in the United States declined by a full year…

It’s already known that 2020 was the deadliest year in US history, with deaths topping 3MM for the first time. But the latest batch of morbid data is in, and they suggest things are about to get worse on average as life expectancy in the US dropped a full year during the first half of the year.

Life expectancy is a statistical measure of the average time a baby born today is expected to live. From January through June of last year, that was 77.8 years for the entire U.S. population, down from 78.8 years in 2019. It’s the lowest level since 2006, the report said.

Our healthcare system has become a complete and utter nightmare, and it is not going to get any better any time soon.

Speaking of nightmares, our system of public education has become a sick joke.  Just look at what has been going on in Baltimore…

A shocking discovery out of a Baltimore City high school, where Project Baltimore has found hundreds of students are failing. It’s a school where a student who passed three classes in four years, ranks near the top half of his class with a 0.13 grade point average.

Tiffany France thought her son would receive his diploma this coming June. But after four years of high school, France just learned, her 17-year-old must start over. He’s been moved back to ninth grade.

Millions upon millions of young people graduate from high school each year, but many of them can barely read, write or speak in public.

I could go on and on.  Just about every system that you could possibly name is in the process of failing, and that is probably why our satisfaction with the way our country is functioning is at the lowest level ever measured.  The following comes from Gallup…

Americans’ satisfaction with seven broad aspects of the way the country functions is collectively at its lowest in two decades of Gallup measurement. This includes satisfaction with the overall quality of life in the U.S., assessments of government, corporate and religious influence, and perceptions of the economic and moral climates.

The average percentage satisfied with these seven dimensions has plunged to 39% at the start of 2021. That compares with 53% a year ago, the highest average in more than a decade amid strong economic confidence and before the coronavirus pandemic took hold in the U.S.

So once again I wish to pose a question to you.

Is the quality of life in America getting better, or is it getting worse?

The answer is quite obvious, and the rest of the world is laughing at us as our once great nation steadily deteriorates.

***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 End, Get 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 Blog, End 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 Facebook, Twitter 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.

Hope For A U.S.-China Trade Deal Is Completely Dead, And Wall Street Is Starting To Panic

The reality of what we are now facing is starting to sink in for Wall Street investors, and they are starting to panic.  Hope that the U.S. and China would be able to agree to a trade deal had fueled a tremendous stock market rally over the last couple of months, but of course it just turned out to be a cruel mirage.  There isn’t going to be a trade deal prior to the 2020 presidential election, and at this point even President Trump is telling us not to expect one before November 2020.  Just check out what he told the press on Tuesday…

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right,” Trump told reporters earlier on Tuesday.

When asked if he had a deal deadline, he added: “I have no deadline, no … In some ways, I think it is better to wait until after the election if you want to know the truth.”

President Trump is attempting to spin things to make it sound like it is his decision to hold off on a trade deal, and that may be a politically savvy thing to do.

But the truth is that the Chinese never wanted to do a comprehensive trade deal with Trump.  They have been stringing him along all this time, because they wanted to delay Trump’s tariffs for as long as possible.  But their original intention was to wait until a Democrat was in the White House to cut a deal.

Of course at this point the Chinese have soured on the Democrats as well.  The Chinese government views the pro-democracy protesters in Hong Kong the way that we view ISIS and al-Qaeda, and from the very beginning they have accused the United States of starting those protests.  And now that President Trump has signed the “Hong Kong Human Rights and Democracy Act of 2019” after it was overwhelmingly passed by both the House and the Senate, the Chinese are beyond angry.  At this point our relationship with China has been completely destroyed, and from now on we are going to have a deeply adversarial relationship with them no matter who is in the White House.

President Trump has threatened to go ahead with more tariffs on China on December 15th, and since there is zero chance of a trade deal by then, that is exactly what we should expect.

And if that happens, Wharton Business School Professor of Finance Jeremy Siegel is warning that chaos could be unleashed on Wall Street…

If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 … I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday.

Unfortunately, Siegel is precisely correct.  In fact, stock prices have already fallen for three days in a row, and the downturn really started to accelerate on Tuesday…

The Dow Jones Industrial Average fell 280.23 points, or 1% to 27,502.81. The 30-stock average was led lower by trade-vulnerable Apple, Caterpillar and Boeing. The S&P 500 slid 0.7% to 3,093.20 amid losses in chip stocks like Nvidia, Micron and Advanced Micro Devices. The Nasdaq Composite lost about 0.6% to end the day at 8,520.64.

At its lows of the day, the Dow was down 457.91 points, or 1.7%. The S&P 500 dropped as much as 1.7% while the Nasdaq traded lower by as much as 1.6%.

Hopefully things will settle down for the rest of this week, but if December 15th comes and the tariffs are fully implemented, many analysts are warning that there could be panic.  Here is one example…

And while the US may (or may not) end up victorious in such a showdown, it will give Wall Street strategists – who have all flipped a U-turn and reversed from extremely optimistic to suddenly pessimistic – copious opportunities to impress their clients with superlatives such as this one from Manulife managing director Sue Trinh, who said that “if tariffs scheduled for Dec. 15 are implemented it would be a huge shock to the market consensus,” adding that “Trump would be the Grinch that stole Christmas” if the December 15 tariffs go through.

Even though there isn’t going to be any sort of an agreement with China, it would be helpful for the U.S. economy if Trump decided to delay the December 15th tariffs.

I don’t think that is going to happen though.

Meanwhile, the Trump administration is also looking at raising tariffs on goods from France, Brazil and Argentina…

Heightened trade fears come a day after Trump threatened new tariffs on several more countries. On Monday, the president said he would raise tariffs on steel and aluminum imports from Brazil and Argentina. He also proposed slapping tariffs on France’s exports.

As I recently discussed, global trade has now fallen for four months in a row, and it certainly appears that things could get even worse in the months ahead.

And that means that it is more likely than ever that the U.S. economy as a whole will plunge into a deep recession.  In fact, Legg Mason is warning their clients that “the probability of a recession over the next 12 months is 50%”…

Legg Mason, a diversified global asset management firm, said the probability of a recession over the next 12 months is 50%.

According to the variables the firm looks at to determine the health of the economy, recession risk is rising, said Jeff Schulze, the investment strategist for ClearBridge Investments, at Legg Mason’s market outlook for 2020 last Monday in New York.

Of course in the long-term what we are facing is going to be far worse than just another recession.

The “bubble to end all bubbles” is starting to look exceedingly vulnerable, and it isn’t going to take very much at all to push us into a new financial crisis.

Investing is all about hope.  People put their money into stocks and bonds because they anticipate a positive future in which the value of their investments goes up.

If you take that hope away, the entire foundation crumbles.  And now that the relationship between the United States and China has been destroyed, the future is looking a whole lot more bleak for investors than it was just a few weeks ago.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End 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 have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

An Indicator With A 100% Perfect Track Record Of Predicting Recessions Says That Another One Is Coming

You can believe that we will somehow beat the odds this time if you want, but history is completely against you.  One of the biggest reasons why there is so much anxiety on Wall Street right now is because of how the yield curve is behaving.  We have seen yield curve inversions before each of the last seven U.S. recessions, and now it has happened again.  Perhaps this helps to explain why insiders are dumping stocks right now as if there will be no tomorrow.  If you were looking for a giant waving red flag to tell you that it is time to run for the exits, it doesn’t get much better than this.  This week, we watched the yield curve do something that it hasn’t done in 12 years…

The spread between the 10-year Treasury yield and the 2-year rate fell to negative 5 basis points, its lowest level since 2007. This is called a yield curve inversion. Experts fear it because in the past it has preceded recessionary periods. The 3-month Treasury bill rate also traded higher than the 30-year bond yield.

“The primary thing is yields are going down and going down with some acceleration,” said Art Cashin, the director of floor operations at UBS.

In addition, the spread between 3 month Treasury bonds and 10 year Treasury bonds just hit negative 50 basis points.  We haven’t seen that happen since March 2007.

And as David Rosenberg has noted, when the spread between 3 month Treasury bonds and 10 year Treasury bonds goes negative for at least three months, we have a recession 100% of the time…

We now have had three months of a 3-mo/10-yr yield curve inversion. The track record this has had in predicting recessions: 100%.

Yes, it is theoretically possible that this indicator could be proven wrong this time.

But do you really want to bet against an indicator with a track record of 100% accuracy?

Plus, we have a trade war with China to deal with this time around.  Hopeful comments from President Trump briefly bolstered the markets on Monday, but over in China prominent voices continue to pour cold water on the notion that a deal will happen any time soon.  Here is an example from Tuesday…

Sentiment was also dampened after Hu Xijin, editor-in-chief of the Global Times in China, tweeted that China is “putting so much emphasis on trade talks,” adding that “it’s more and more difficult for the US to press China to make concessions” as China’s economy becomes increasingly driven by its domestic growth. China announced measures aimed at boosting consumption, including potentially removing car-buying restrictions.

Unless one side chooses to fold like a 20 dollar suit, there isn’t going to be a resolution to this trade war any time in the near future, and that is going to mean a tremendous amount of pain for the U.S., China and the entire global economy.

Another indication that things are about to get bad is the fact that investors are starting to flock to precious metals.

Gold and silver are considered to be “safe haven assets” during a financial crisis, and right now gold and silver are both surging…

Gold prices are moderately higher in early U.S. trading, while the silver market is again sharply higher and hit another two-year high overnight. Bullish technical postures in both metals continue to invite the chart-based buyers to climb on board the long side. A weaker U.S. dollar index is also supportive to the precious metals markets today. December gold futures were last up $4.60 an ounce at 1,541.90. December Comex silver prices were last up $0.295 at $18.075 an ounce.

But for most hard working Americans, it is going to be far more important to build up an emergency fund as we head deeper into this new crisis, and this is something that I have written about repeatedly.  The reason why so many Americans lost their homes during the last recession was because they were living right on the edge financially.  It is imperative that you have a financial cushion so that you can pay your basic expenses when things start getting really hard.

Unfortunately, it is often young people that get the hardest during an economic downturn, and this is something that Annie Lowrey discussed in her most recent article…

Recessions are never good for anyone. A sputtering economy means miserable financial, emotional, and physical-health consequences for everyone from infants to retirees. But the next one—if it happens, when it starts happening — stands to hit this much-maligned generation particularly hard. For adults between the ages of 22 and 38, after all, the last recession never really ended.

Millennials got bodied in the downturn, have struggled in the recovery, and are now left more vulnerable than other, older age cohorts. As they pitch toward middle age, they are failing to make it to the middle class, and are likely to be the first generation in modern economic history to end up worse off than their parents. The next downturn might make sure of it, stalling their careers and sucking away their wages right as the millennials enter their prime earning years.

I understand that a lot of people may not want to hear this, but every economic indicator is telling us that a U.S. recession is coming, and many experts believe that it will be far worse than the last one.

If you prepare in advance for what is coming, that is going to help to take fear out of the equation.  Because when things get really crazy, it is those that don’t understand what is happening that are going to give in to fear, depression and despair.

We have not seen an economic environment like this in a decade, and there is no reason to believe that a miracle is going to come along and rescue us from the storm that is now looming above us.

The months ahead promise to be quite “interesting”, and not in a good way.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Give This Stock Market Bubble A Round Of Applause – The S&P 500 And The Nasdaq Just Hit Brand New Record Highs

Stocks just closed at a brand new all-time record high, ‘Avengers: Endgame’ is coming to theaters, and a 24-year-old man from Wisconsin just won the 768 million dollar Powerball jackpot.  If those are the top headlines today, then everything must be good in ‘Murica at the moment, right?  Of course that is not true at all, but as far as the stock market is concerned we must give credit where credit is due.  Our financial engineers have created the largest stock market bubble in all of U.S. history, and we should all be hoping that it lasts for as long as possible.  Because once this financial bubble is destroyed, the aftermath is going to be truly horrible for the entire country.

Up to this point in the year, the stock market is off to the best start that we have seen since 1987.

Of course we all remember what happened toward the end of 1987.

But for now everything is rainbows and unicorns on Wall Street.  The following comes from Fox Business…

The benchmark S&P 500 index is up 17%, its best start to a year since 1987, while the Nasdaq has gained 22%, its best start since 1991. The Dow Jones Industrial Average remains about half a percentage point from its record last October.

Tuesday’s move to a record high for the benchmark S&P 500 index and the Nasdaq index comes less than six months after a sharp decline in late December, which led the S&P 500 to its worst annual performance since 2008.

Last December, stocks were plunging dramatically, and it looked like a brand new financial crisis was potentially beginning.

But stocks pulled out of their nosedive, and most investors are feeling really happy for the moment.

If we could just freeze this moment in time somehow, we would be in pretty good shape.  Unfortunately, time inevitably rolls on, and many believe that there is a lot of pain ahead for investors.

Of course there are other “experts” that believe the best is yet to come.  For instance, Kevin Barry just told CNBC that the stock market turmoil that we witnessed late last year “actually prevented a recession”…

“These market levels are justified,” said Kevin Barry, chief investment officer at Captrust Advisors. “The fourth-quarter sell-off actually prevented a recession because policymakers responded extremely quickly. Both President Xi and President Trump cooled off the rhetoric and Fed Chairman Jerome Powell came out and reversed course.”

I have read that paragraph over and over, and I still can’t believe that someone actually had the gall to say such a thing.

According to Barry, the coming recession has been postponed indefinitely and everybody can start partying like its 1999 all over again!

If only life were so simple.

Look, the reality is that even Fox Business is admitting that stock buybacks are one of the major factors driving this latest rally…

However, the rally this year has been despite outflows from equity funds, according to Bank of America data, suggesting some of the gains have been driven by corporate buybacks of stocks.

Our largest corporations are going hundreds of billions of dollars in debt to pump up their own stock prices.  It is a Ponzi scheme of epic proportions, and when things start to go bad there is going to be a race to bankruptcy court.

But for the moment the Ponzi scheme continues, and a lot of people are becoming exceedingly wealthy as a result.

For average Americans, it is absolutely imperative to remember that the stock market is not the economy.  Yes, the stock market has been soaring, but the U.S. economy has not had a full year of 3 percent growth since the middle of the Bush administration.  This has been the longest stretch of sub-three percent economic growth in our history by a very wide margin, and now all of the numbers are telling us that economic activity is slowing down once again.

Instead of partying, most people should be using this time to prepare for what is ahead, but we know that is simply not going to happen.

And when the end of this bubble finally comes, it is likely to come very quickly.  As I always stress to my regular readers, markets tend to go down a whole lot faster than they go up, and that is especially true during times of crisis.

In 2008, enormous amounts of money were lost in the blink of an eye.  The following comes from an outstanding article by Bob Henderson entitled “What I Learned From Losing $200 Million”…

The day after Lehman fell I lost $20 million, and the day after that $30 million—enough in two days to wipe out all the profits I’d made the previous year. (And that had been a pretty good year.)

But worse was that I felt trapped. My models showed I was destined to lose far more money in the coming weeks, no matter what I did. All roads seemed to lead to an unavoidable abyss. I could practically feel that hot hole breathing under my desk. I actually got dizzy, and lost my ability to think. When my boss stopped by to warn me that Goldman Sachs and Morgan Stanley looked likely to fall next, he seemed almost amused when he told me that I looked green.

I stumbled home early that day, mentally incapacitated for the first time in my career.

Someday we will see similar things happen again, but we should all want that day to be put off for as long as possible.

For the moment, happy times are here again on Wall Street, and we should enjoy them while we still can.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The Trade Deficit Continues To Explode, Factories Continue To Be Closed, And U.S. Jobs Continue To Be Sent Overseas

The long-term trends that are gutting the U.S. economy continue to get even worse.  As you will see below, our goods trade deficit with the rest of the world hit a brand new record high in 2018, and most Americans simply do not understand why this is such a massive problem.  Every year, we buy far more from the rest of the world than they buy from us, and that means that the amount of money going out of the country far surpasses the amount that is coming in.  This constant outflow of cash is one of the reasons why we are unable to pay our bills, and so we have to keep begging the rest of the world to lend us our money back.  Needless to say, this is one of the big factors that has fueled our 22 trillion dollar national debt.  In addition, when we run absolutely massive trade deficits we lose factories and workers to other countries.  Since China joined the WTO in 2001, the United States has lost more than 60,000 factories.  As factories keep closing down, community after community is being gutted all across America, and without a doubt this is truly a major national crisis.

Many had been hoping that we could start to turn things around, but instead last year was an absolute disaster.

According to the Commerce Department, our goods trade deficit with the rest of the world was 891.3 billion dollars in 2018.  That was a 12.4 percent increase from the year before, and it represented a brand new all-time record high.

If we stay on this path, it is a recipe for national economic suicide.  We will continue to be unable to pay our bills, we will continue to have to beg the rest of the world for increasing amounts of money, and our national debt will continue to explode.

And of course countless numbers of factories will continue to shut down and countless numbers of workers will continue to lose their jobs.

We can see this happening all around us, but most Americans are not mentally connecting the factory closings and the layoffs to our horrific trade deficit.  On Wednesday, the very last vehicle rolled off the assembly line at the GM plant in Lordstown, Ohio…

General Motors is ending production at its Lordstown, Ohio plant Wednesday — two days earlier than previously expected.

A GM (GM) spokesperson said that’s when the plant will churn out its last Chevy Cruze sedan. At that point, the factory will be unallocated, which means no vehicles will be assigned to that facility.

That factory is just the first of four U.S. factories that GM is shutting down this year.

Needless to say, a lot of those workers don’t know what they are going to do next.  One worker that had worked at the plant for 17 years said that seeing that last car roll off the assembly line “was a kick in the gut”…

Signs with sayings such as ‘Save this Plant’ were scattered outside the plant where about 100 workers gathered to say goodbye in the cold.

‘It’s frustrating,’ said Jeff Nance, who has worked at Lordstown for 17 years. ‘I’m angry and bitter. Watching that last car go by was a kick in the gut.’

In the end, Lordstown is probably destined to become another rotting, decaying shell of a town just like we have seen happen to so many other formerly great communities in the Rust Belt.

Of course it isn’t just big corporations like GM that are cutting jobs.

Right now, small businesses are getting rid of workers at the fastest pace that we have seen in more than five years.  A major economic slowdown is here, but most Americans still don’t seem to realize what is happening.

In recent days, there had been some optimism that a new trade deal with China would soon bring some positive momentum to the economy, but the status of that deal is very much up in the air.

And the U.S. military seriously angered China this week when they flew two B-52 bombers over disputed airspace in the South and East China Seas…

Two US Air Force B-52H Stratofortress long-range bombers, based in Guam, participated in “routine training missions” on Monday by flying through the disputed airspaces over the South and East China Seas. As one bomber “conducted training in the vicinity of the South China Sea,” the other practiced off the coast of Japan in “coordination with the US Navy and alongside our Japanese air force,” US Pacific Air Forces said in a statement.

Meanwhile, the trade war between Canada and China continues to escalate as well…

Canada’s largest grain processor said Tuesday that Beijing has canceled its registration to ship canola seed to China, fueled by the arrest of a top executive for the Chinese tech giant Huawei, The Wall Street Journal reported.

The move suggests that rising diplomatic tensions between China and Canada are damaging commerce between the two countries. Tensions have already crushed hopes that senior officials in Ottawa and Beijing would develop further trade ties.

As long as the U.S. and Canada are holding Huawei CFO Meng Wanzhou, relations with China are going to continue to deteriorate.

And the truth is that the U.S. and Canada are not going to let her go.

Meanwhile, the U.S. economy continues to slide toward a new recession, and even the president of the New York Fed is now warning that economic conditions are likely to slow down “considerably” this year…

The US economy should slow “considerably” in 2019 as the boost from last year’s economic stimulus fades, the president of the New York Federal Reserve Bank said Wednesday.

Amid economic uncertainty, the Federal Reserve could “wait” before raising interest rates again, John Williams said in remarks to the Economic Club of New York.

There is a reason why everyone seems so pessimistic about the economy right now.  All of the numbers say that another recession is coming, and it may arrive a lot sooner than most people had anticipated.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Investors Brace For Impact As The Cancer That Is Ravaging “The Real Economy” Starts To Spread

2019 sure has been a weird year so far.  On Wall Street, everything has been coming up roses for investors up to this point.  Stock prices have risen more than 10 percent year-to-date, and the horrible crashes of late last year are quickly fading from memory.  Meanwhile, the real economy is literally falling to pieces right in front of our eyes.  Debt delinquencies are at unprecedented levels, bankruptcies are soaring, retail stores are closing at a record pace, this is the worst economy for farmers since the early 1980s, exports are plummeting and a brand new real estate crisis has now begun.  Economic cancer is rapidly spreading throughout our country, and the U.S. economy is deteriorating at the fastest pace that we have seen since the last recession.  So how long will it be before Wall Street catches up with economic reality?

The retail industry is being hit particularly hard.  At the end of last week, major retailers announced 465 store closings in a single 48 hour period…

The ‘retail apocalypse’ is alive and well this week with major chains such as Gap, JCPenney, Victoria’s Secret and Foot Locker all announcing massive closures, totalling the death of more than 465 stores over the last 48 hours.

And those closings already bring the grand total for 2019 to “a whopping 4,309 store closures”…

That builds on recent store closure announcements by Gymboree, Payless ShoeSource, Charlotte Russe and Ann Taylor parent company Ascena Retail, to name a few. A whopping 4,309 store closures were announced by retailers just in the first two months of this year, Coresight Research said in a research note on Friday. That’s well ahead of the number of announcements the market research firm was tracking this same time a year ago, it said.

The term “retail apocalypse” is being thrown around so frequently these days that it has almost lost its meaning, but the worst is yet to come.

Meanwhile, layoffs are starting to come fast and furious now.  For example, I was recently made aware of major job cuts that just happened in North Carolina…

Duke Energy Corp. eliminated 1,900 positions in its latest round of job reductions, largely through voluntary buyouts but with some involuntary layoffs included.

For the first time since the last recession, I think that it is time to start visiting sites like Daily Job Cuts on a regular basis once again.  Millions of Americans lost their jobs in 2008 and 2009, and a lot of you can still remember how painful that was.

In the middle of the country, the big news is “the farm apocalypse”.  Last week, we learned that farm debt has now jumped 30 percent since 2013…

“Farm debt has been rising more rapidly over the last five years, increasing by 30% since 2013 – up from $315 billion to $409 billion, according to USDA data, and up from $385 billion in just the last year – to levels seen in the 1980s,” Perdue said in his testimony to the House Agriculture Committee.

As a result of this giant mountain of debt, a ton of small and mid-size farms are going under.  As I noted the other day, farm debt delinquencies have now reached the highest level that we have witnessed in 9 years.

I really, really don’t understand the people that are telling us that everything is going to be okay.

Everything is not okay, and things are getting worse with each passing day.  ISM’s manufacturing survey just hit the lowest level in 26 months, and for a whole bunch more extremely ominous economic numbers please see my previous article entitled “18 Really Big Numbers That Show That The U.S. Economy Is Starting To Fall Apart Very Rapidly”.

Of course it isn’t just the U.S. that is hurting.  Up north, Canada is literally teetering on the brink of recession…

The Canadian government shocked the professional financial and economic media with their latest fourth quarter GDP release showing the economy has essentially come to a grinding halt at 0.1% growth.

And over in Europe, things are arguably even worse.  Germany is supposed to have the strongest economy in the entire region, but they are also right on the brink of recession…

The country’s economy just escaped entering recession territory last month, with GDP growing at just zero percent following a 0.4 percent contraction in the previous three-month period. But Germany could be just weeks away from a recession-threatening double whammy as a potential no-deal Brexit and Donald Trump’s warning to hike car tariffs by up to 25 percent could send the economy tumbling. Chancellor Angela Merkel’s ministers have entered into a frantic plan to avert an economic catastrophe which could end Europe’s biggest economy’s golden growth for a decade.

This is a global economic slowdown, and many believe that it will be even worse than what we experienced in 2008.

But as I have previously warned, we aren’t just heading toward an economic storm.  Everything that can be shaken will be shaken, and that includes our governmental institutions.

On Sunday, we learned that the House Judiciary Committee is opening an investigation into obstruction of justice by President Trump.  The following comes from Reuters…

The House Judiciary Committee will seek documents from more than 60 people and organizations as it begins investigations into possible obstruction of justice and abuse of power by President Donald Trump, the panel’s chairman said on Sunday.

Committee Chairman Jerrold Nadler told ABC’s “This Week” the panel wanted documents from the Department of Justice, the president’s son Donald Trump Jr. and Trump Organization chief financial officer Allen Weisselberg, among others.

This is going to be a year of great governmental shaking.  And no matter which side emerges victorious from the legal struggles and from the election of 2020, the truth is that our governmental institutions will never be the same again.

From 2016 through 2018, America experienced a time of relative peace and prosperity, and a lot of people out there were convinced that this bubble of unsustainable false prosperity could continue indefinitely.

Now it is becoming very clear what is ahead of us, and a lot of people are starting to freak out.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

18 Really Big Numbers That Show That The U.S. Economy Is Starting To Fall Apart Very Rapidly

Virtually every piece of hard economic data is telling us that the U.S. economy is slowing down dramatically.  Many of the pundits have been warning that we could officially enter recession territory later this year or next year, but these numbers seem to indicate that it could happen a whole lot sooner than that.  But the stock market has been surging over the last two months, and at this point stocks are off to their best start to a year since 1987, and as long as stock prices are rising a lot of people are simply not going to pay much attention to the economic alarm bells that are ringing.  But everyone should be paying attention, because things are really starting to get bad out there.  The following are 18 really big numbers that show that the U.S. economy is starting to fall apart very rapidly…

#1 Farm loan delinquencies just hit the highest level that we have seen in 9 years.

#2 We just learned that U.S. exports declined by 4 billion dollars during the month of December.

#3 J.C. Penney just announced that they will be closing another 24 stores.

#4 Victoria’s Secret has just announced plans to close 53 stores.

#5 On Thursday, Gap announced that it will be closing 230 stores over the next two years.

#6 Payless ShoeSource has declared bankruptcy and is closing all 2,100 stores.

#7 Tesla is also closing all of their physical sales locations and will now only sell vehicles online.

#8 PepsiCo has started laying off workers and has committed to “millions of dollars in severance pay”.

#9 The Baltic Dry Index has dropped to the lowest level in more than two years.

#10 This is the worst slump for core U.S. factory orders in three years.

#11 We just witnessed the largest decline in the Philly Fed Business Index in more than 7 years.

#12 In January, sales of existing homes fell 8.9 percent from a year earlier.  That was the third month in a row that we have seen a decline of at least 8 percent.  This is an absolutely catastrophic trend for the real estate industry.

#13 U.S. housing starts were down 11.2 percent in December compared to the previous month.

#14 Compared to a year earlier, home sales in southern California were down 17 percent in January.

#15 In December, home sales in Sacramento County fell a whopping 22.5 percent compared to a year earlier.

#16 Pending home sales in the United States have now fallen on a year over year basis for 13 months in a row.

#17 More than 166 billion dollars in student loan debt is now “seriously delinquent”.  That is an all-time record.

#18 More than 7 million Americans are behind on their auto loan payments.  That is also a new all-time record, and it is far higher than anything that we witnessed during the last recession.

It appears that “the recovery” has finally come to an end.  After seeing all of those numbers, there is no way that anyone can possibly claim that economic conditions are “getting better”.

And even though the official government numbers are highly manipulated, we never even had one “boom year” throughout the entire “recovery”.

The final numbers for 2018 are now in, and last year was the 13th year in a row when U.S. GDP growth was below 3 percent.

The last time we had a “boom year” when economic growth was above 3 percent was all the way back in 2005.  That was in the middle of the Bush administration.

We have never seen a bad streak like this before in modern American history.  The following comes from CNS News…

But prior to the current 13-year period when real GDP has failed to grow by 3.0 percent in any year, there has been no stretch (in the years since 1930) when the United States went as long as five straight years with real GDP failing to grow by at least 3 percent.

Even though the Federal Reserve pumped trillions of dollars into the financial system over the last decade, and even though we added nearly 12 trillion dollars to the national debt, the best that the authorities have been able to do is to stabilize the system for a while.  Now it is starting to sputter once again, and many believe that the next crisis will be far worse than the last one.

By contrast, the Great Depression of the 1930s featured some really bad years, but following those bad years the U.S. experienced a tremendous economic boom…

By contrast, after the stock market crash in 1929, the United States saw four years of negative annual GDP—1930 (-8.5), 1931 (-6.4), 1932 (-12.9) and 1933 (-1.2). But then in the nine full years from 1934 through 1942, real GDP grew by an average of 9.75 percent.

We should have had some boom years too, but we didn’t, and now things are going to get bad again.

The Democrats are going to blame the Republicans and the Republicans are going to blame the Democrats, but all of that arguing isn’t going to solve anything.

What is coming next has been a central focus of my work for a very long time.  The last recession was very painful, but it did not fundamentally alter life in America.

This next crisis will.

The “Everything Bubble” is bursting, the “Perfect Storm” is coming, and all of our lives will never be the same again.

But that doesn’t mean that there isn’t hope.  In fact, once things really start getting crazy hope is going to be one of the major themes in my work because people are really going to need it.

There will be great challenges, and life will be very different, but that doesn’t mean that life is over.

America is about to experience the consequences of decades of exceedingly foolish decisions, and the pain will be extreme.  But difficult times also offer an opportunity for dramatic change, and that is something that we will need to embrace.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The “Stock Market Crash Of 2018” Is Rapidly Transforming Into “The Financial Crisis Of 2019”

Stock markets are crashing all over the world, we are seeing extremely violent “flash crashes” in the forex marketplace, economic conditions are slowing down all over the globe, and fear is causing many investors to become extremely trigger happy.  The stock market crash of 2018 wiped out approximately 12 trillion dollars in global stock market wealth, but things were supposed to calm down once we got into 2019.  But clearly that is not happening.  After Apple announced that their sales during the first quarter are going to be much, much lower than previously anticipated, Apple’s stock price started shooting down like a rocket and by the end of the session on Wednesday the company had lost 75 billion dollars in market capitalization.  Meanwhile, “flash crashes” caused some of the most violent swings that we have ever seen in the foreign exchange markets…

It took seven minutes for the yen to surge through levels that have held through almost a decade.

In those wild minutes from about 9:30 a.m. Sydney, the yen jumped almost 8 percent against the Australian dollar to its strongest since 2009, and surged 10 percent versus the Turkish lira. The Japanese currency rose at least 1 percent versus all its Group-of-10 peers, bursting through the 72 per Aussie level that has held through a trade war, a stock rout, Italy’s budget dispute and Federal Reserve rate hikes.

This is the kind of chaos that we only see during a financial crisis.

Investors are also being rattled by the fact that China just experienced its first factory activity contraction in over two years…

The People’s Bank of China said on Wednesday evening it had relaxed its conditions on targeted reserve requirement cuts to benefit more small firms.

The move came after China reported its first factory activity contraction in over two years in December. A long-term Chinese slowdown would cause global havoc.

But of course the biggest news of the day was what happened to Apple.  The Dow Jones Industrial Average was down 660 points on Wednesday, and the huge hit that Apple took was the biggest reason for that decline.

Including the 75 billion dollars that was just wiped out, the value of Apple has now fallen by 452 billion dollars since October 3rd…

In only three months, Apple has lost $452 billion in market capitalization, including tens of billions on Thursday as the tech giant’s stock sank further.

Apple shares have fallen by 39.1 percent since Oct. 3, when the stock hit a 52-week high of $233.47 a share. With its market cap down to about $674 billion, those losses are larger than individual value of 496 members of the S&P 500 — including Facebook and J.P. Morgan.

Ironically, the truth is that Apple is actually one of the strongest companies on Wall Street financially.  It is just that the company was priced well beyond perfection, and so any hint of bad news was likely to cause a decline of this magnitude.

The amount of paper wealth that stock market investors have just lost is absolutely staggering.  To put this in the proper perspective, here are some more facts about the money that Apple investors have lost that come from CNBC…

At this point U.S. financial markets are hypersensitive to any piece of bad news, and the fact that Apple sales are way down in China is definitely bad news.

One analyst said that this was “Apple’s darkest day in the iPhone era” and he expressed his opinion that “the magnitude of the miss with China demand …was jaw-dropping.”

Of course Apple is far from alone.  Economic activity is slowing down substantially all over the planet, and on Wednesday we learned that U.S. factory activity just declined by the most since the last recession…

Beyond Apple, investors were also rattled by the biggest one-month decline in US factory activity since the Great Recession. The closely-watched ISM manufacturing index tumbled to a two-year low, providing further evidence of slowing growth and pain from the US-China trade war.

In addition, both of Bloomberg’s economic surprise indexes have “turned negative for the first time since Trump was elected”.

The hits just keep on coming, and it is becoming quite clear that this is going to be a very tough year.

As this crisis continues to escalate, keep an eye on our big financial institutions.  Italy’s tenth largest bank just imploded, and it is likely that we will see more financial dominoes start to topple as the losses mount.

Over the past decade, there have been other times when Wall Street has been rattled, but those episodes only lasted for a few weeks at the most.

It has now been three months, and this new crisis shows no signs of abating any time soon.

What that means is that we are in a heap of trouble.  Because once this giant financial avalanche fully gets going, it is going to be impossible to stop.

For the moment, I think that this current wave of panic selling is subsiding and that Friday will be better for investors.  Of course the markets are so jittery at this point that a single piece of bad news could instantly send them tumbling once again.  But barring any bad news, hopefully things will be calmer on Friday.

There will be good days and there will be bad days in 2019.

There will be ups and there will be downs.

But it has become exceedingly clear that the downturn that so many have been anticipating has finally arrived, and the financial crisis of 2019 looks like it is going to be a doozy.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters.  His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News.  From there, his articles are republished on dozens of other prominent websites.  If you would like to republish his articles, please feel free to do so.  The more people that see this information the better, and we need to wake more people up while there is still time.

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