Economic Depression

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 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.

Even The Director Of Biden’s National Economic Council Has Been Forced To Admit The Economy Is “Spiraling Downward”

If your economy is “spiraling downward”, is that a good sign or a bad sign?  To me, that doesn’t sound good at all, but if I am mistaken please tell me.  I just want to make sure that I am not “misinterpreting” anything.  Brian Deese, the man who will shortly be serving as the head of the National Economic Council, has publicly stated that our economy is “spiraling downward” at this moment.  When I hear that, I picture a passenger airplane that completely loses control just before it crashes.  But according to Deese, there is a solution.  All we need to do is to pass the 1.9 trillion dollar stimulus package that Joe Biden is proposing…

A top economic adviser to President-elect Joe Biden warned the US economy is “spiraling downward” and called for swift action to address vulnerabilities that the global pandemic has drawn into focus.

Brian Deese, who will serve as director of Biden’s National Economic Council, said Sunday that the incoming administration’s $1.9 trillion spending plan would generate “the kind of robust recovery we need.”

That sounds so good.

All we have to do is press a button and we will be on our way to a “robust recovery”.

But what about all of the trillions of dollars that we already spent on all of the previous “stimulus packages”.

If they didn’t fix the economy, why will this one do it?

Perhaps they weren’t big enough, and so why don’t we make this next one 19 trillion dollars instead of just 1.9 trillion dollars?

If printing, borrowing and spending 1.9 trillion dollars is good, surely 19 trillion dollars would be so much better.

Of course I am being facetious.

The truth is that over the past year we have literally been committing national financial suicide.

Just look at what our leaders have done to our money supply…

We used to talk about “hyperinflation” in the United States in theoretical terms, but this is not a theoretical exercise any longer.

I cannot even begin to express how horrifying this is, and now our politicians in Washington plan to add another 1.9 trillion dollars to the fire.

As a part of his “stimulus package”, Joe Biden also wants the federal minimum wage to be raised to 15 dollars an hour…

It also calls for a $15 federal minimum wage, from $7.25, higher taxes and more regulations. Those initiatives have already alienated some Republicans and drawn criticism that the proposals are far removed from an emergency effort to shake off the coronavirus-related slowdown.

But at the rate we are inflating our currency, that certainly won’t be a “livable wage” for long.

So I have an idea.

Let’s make the minimum wage 150 dollars an hour.

Surely that is a proposal that our socialist friends can really get behind.

And when I use the term “socialist”, I am referring to most of the politicians in Washington.

If we force all of the “greedy” small businesses in America to pay their employees $150 an hour, then all of those workers will finally be able to live the lifestyles that they have always dreamed of living.

But of course many of them also wouldn’t have their jobs for much longer, because most of their employers would shortly go out of business.

Unfortunately, the socialists in Washington don’t understand how businesses actually operate.  In fact, the vast majority of our politicians have never actually run a successful business.

What they are good at is spending other people’s money, and members of “the Squad” are publicly calling for even larger “survival checks” that Biden is proposing…

–AOC: “$2,000 means $2,000. $2,000 does not mean $1,400”

–Ayanna Pressley: “The people deserve, demand and require $2,000 recurring monthly survival checks.”

–Ilhan Omar: “The American people are struggling to make ends meet and need relief. We must immediately pass $2,000 survival checks.”

–Rashida Tlaib: “$1400 < $2000  Math teachers know this. That $600 is already in the clutches of landlords and bill collectors. Stop compromising the working class, and our most vulnerable neighbors.”

As I discussed yesterday, the cost of issuing $2,000 “survival checks” a single time would be approximately 600 billion dollars.

If we do it on a continual basis, the cost per year will be more than 7 trillion dollars.

So where does Ayanna Pressley suggest that we get an extra 7 trillion dollars?

Should we just print it into existence and make our transition to a “banana republic” complete?

Sadly, now that we have opened Pandora’s Box the American people are going to be demanding more government checks on a regular basis from now on.

As I detail in my new book, Shane Warren once warned that we would get to a point where people would be in the streets demanding their “entitlements”, and if you doubt that we have arrived at that time just look at what radical leftists did to Nancy Pelosi’s house.

When people try to convince me that the United States is in danger of becoming a socialist country “someday”, I just smile.

The truth is that we already are a socialist country, and we have been for a long time.

Even the stock market has become a rigged socialist game.  Every time it starts to slip, the Federal Reserve steps in to bail out investors.

According to one recent survey, the vast majority of millionaires believe that we are either in a “stock market bubble” or that we are heading into one…

  • 16% think we’re “fully in a bubble”
  • 46% in “somewhat of a bubble”
  • 29% think the market is approaching one

But most of them continue to pour more money into the market, because they know that the game has been rigged in their favor.

However, what happens if things get so crazy that the Federal Reserve eventually loses all control?

Many are convinced that this can never happen, and we shall see if they are correct.

Meanwhile, the real economy continues to get even worse, our politicians continue to spend even more money, and social unrest continues to grow.

America has entered a long national nightmare, and what most people don’t realize is that this nightmare is still only in the very early stages.

***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.

The United States Has Become A Banana Republic

If we continue destroying the U.S. dollar at our current pace, toilet paper will eventually be more valuable than U.S. dollars.  I know that sounds absolutely crazy, but it is true.  Once the COVID pandemic hit the United States, those that control the levers of power in this country decided to go “full Weimar” and they never looked back.  As a result, the size of our money supply is rising at a rate that would have been unimaginable just a few short years ago.  To illustrate what I am talking about, I would like for you to check out this chart that was posted on Twitter by James Turk.  As you can see, M1 was up by more than 50 percent in 2020.

We’ve never had a year like that in all of U.S. history.  What we are doing is literally insane, but most Americans aren’t even aware of what is happening because the mainstream media isn’t talking about it.

If you are not familiar with “M1”, here is a definition that comes from Investopedia…

M1 is the money supply that is composed of physical currency and coin, demand deposits, travelers’ checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts. M1 includes the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash. However, “near money” and “near, near money,” which fall under M2 and M3, cannot be converted to currency as quickly.

When new money enters the system, every dollar that you are currently holding becomes less valuable.

And if your paycheck does not rise at the same rate that the money supply is rising, that means that your paycheck becomes less valuable as well.

It is helpful to think of our money system as a pie.  When more dollars are added to the pie, your share of the pie steadily becomes smaller.

So who does benefit when the pie is expanded?

The ultra-wealthy do, and I will discuss that more below.

But first, I wanted to share another chart with you.  The first chart from James Turk showed how M1 has been rising on a percentage basis, and this next chart which comes directly from the Federal Reserve shows how M1 has been rising on an absolute basis…

Just look at that for a moment.

It truly is breathtaking.  M1 has literally been rising at almost a vertical rate, and it makes all of the inflation that has come before look almost meaningless.

This is why the stock market keeps hitting record high after record high.  Stocks started to crash when COVID first started to spread in the United States, and the Federal Reserve decided to do whatever was necessary to rescue the markets.  The “unprecedented” response that we witnessed ended up being “a key driver of billionaire wealth” in 2020…

A key driver of billionaire wealth concentration was the unprecedented monetary policy response to stabilize financial markets in the early days of the pandemic, which spurred the stock market’s gravity-defying rise. When Wall Street was on the verge of panic in March, the Federal Reserve intervened with the promise of low rates and an open-ended liquidity spigot.

In addition, Congress just kept passing “stimulus package” after “stimulus package” in a desperate attempt to “rescue” the economy.

But in the process they borrowed and spent trillions of dollars that we did not have, and that also helped to fuel our transition into hyperinflation.

The good news is that hyperinflation is not showing up at the grocery store or at Walmart yet.  Eventually it will happen, but so far consumer prices are just rising at a pace that is quite a bit brisker than usual.  Where we are seeing hyperinflation is in stock prices, high end real estate in rural and suburban areas, and in other areas of the economy that the ultra-wealthy have been pouring their money into.

Despite the fact that we just endured one of the worst economic years in U.S. history, 2020 was actually a banner year for billionaires…

Between roughly mid-March and Dec. 22, the United States gained 56 new billionaires, according to the Institute for Policy Studies, bringing the total to 659. The wealth held by that small cadre of Americans has jumped by more than $1 trillion in the months since the pandemic began.

According to a December report issued jointly by Americans for Tax Fairness and the Institute for Policy Studies using data compiled by Forbes, America’s billionaires hold roughly $4 trillion in wealth — a figure roughly double what the 165 million poorest Americans are collectively worth. The 10 richest billionaires have a combined net worth of more than $1 trillion.

Last year the rich got a whole lot richer, and the poor got a whole lot poorer.

As I discussed the other day, 2020 was a “personal financial disaster” for 55 percent of all Americans.  The year ended with close to 20 million Americans still receiving government unemployment benefits, and poverty and homelessness have been exploding all around us.

In some cases, people were waiting in lines that were up to 12 hours long just to get a couple of bags of groceries at food banks around the nation.  We haven’t seen anything like this since the Great Depression of the 1930s, and many are expecting things to get even worse in 2021.

And with each passing day, more businesses are closing and more Americans are being laid off.

The retail sector has been hit particularly hard.  The following comes from Axios…

Malls are going belly up. Familiar names like J.C. Penney, Neiman Marcus and J. Crew have filed for bankruptcy. Increasingly, Americans’ shopping choices will boil down to a handful of internet Everything Stores and survival-of-the-fittest national chains.

And what we have experienced so far is just the tip of the iceberg.  One recent report projected that “100,000 brick-and-mortar U.S. retail stores will close by 2025”…

A research report from UBS predicts that 100,000 brick-and-mortar U.S. retail stores will close by 2025, in a trend that started before the pandemic and has accelerated amid coronavirus-related shutdowns.

Our national landscape is already littered with abandoned stores and restaurants, and they are telling us that it is only going to get worse.

What is our country going to look like as this process plays out?

Of course our authorities will just respond to every new crisis by printing even more money.

That is what they did down in Venezuela, and now just about everyone in Venezuela is a millionaire.

But most of those “millionaires” are living in crushing poverty because the money is absolutely worthless.

Sadly, many other countries are doing the same thing that the U.S. is doing, and so this hyperinflationary spiral is not likely to end any time soon.

But let there be no doubt that we are also in a global economic depression.  Global GDP is about 8 percent lower than it was before the pandemic started, and the outlook for 2021 does not look promising at all.

If you think that there is a way for this economic story to end well, just go back and look at the M1 chart from the Federal Reserve one more time.

Every other time this has been tried in human history, the story has ended badly.

Our story is going to end badly too, and every American needs to get prepared to survive in a very painful hyperinflationary environment.

***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.

20 Numbers From 2020 That Are Almost Too Crazy To Believe

2020 has been a year that none of us will ever forget.  We experienced the worst global pandemic in 100 years, we witnessed the worst economic downturn since the Great Depression of the 1930s, civil unrest erupted in major cities all over America, and we had one of the wildest presidential elections in our history.  Other than that, it was a pretty quiet year.  For a few moments, let’s take one more look back at the past 12 months.  The following are 20 numbers from 2020 that are almost too crazy to believe…

#1 When 2020 began, nobody had ever heard of “COVID-19” because that term had not even been invented yet.  But by the end of the year, there had been more than 83 million confirmed cases around the globe and more than 1.8 million deaths.  Here in the United States, there have been more than 20 million confirmed cases so far and more than 350,000 deaths according to the official numbers.  Of course nobody is sure if we can trust the official numbers or not, because just recently a politician in Austria showed that a cup of Coca-Cola can test positive for COVID-19.

#2 All of the masks that we have been wearing and discarding during this pandemic have taken a heavy toll on the environment.  According to one study, more than 1.5 billion (with a “b”) masks will be dumped into the oceans of the world this year alone.

#3 The lockdowns that our politicians instituted to control the spread of COVID-19 resulted in an unemployment shock that was absolutely unprecedented.  Since the beginning of the pandemic, there have been more than 70 million new claims for unemployment benefits.  That means that we have been averaging well over a million new claims per week since the first lockdowns went into effect.  To put that into perspective, the old all-time record for a single week was just 695,000 and that was set all the way back in 1982.  During this pandemic, we have been above that old record every single week, and now unemployment claims are starting to rise higher once again.

#4 Almost four out of every ten Americans do not plan to get a COVID-19 vaccine, but the federal government is going to spend 250 million dollars on an “information campaign” that is designed to convince them otherwise.

#5 The civil unrest that erupted all over America following the death of George Floyd ultimately sparked a crime wave that seems as if it will never end.  According to an analysis of data from 57 big city police departments, the number of murders in those cities is up 36.7 percent compared to last year.  In quite a few of those cities, new all-time records are being established in 2020, and many Americans are anticipating even more violence in 2021.

#6 Recent data from Moody’s Analytics indicates that approximately 12 million U.S. renters are now “at least $5,850 behind in rent and utilities payments”.  Landlords all over the nation are in financial distress because of unpaid rent, and we could potentially see the greatest tsunami of evictions in all of U.S. history if and when all of the rent moratoriums are finally lifted in 2021.

#7 In 2020 we witnessed massively long lines at food banks all across America.  In some cases, people were lining up as early as 2 AM in order to make sure that they would get something before the supplies were gone.  Feeding America runs the largest network of food banks in the entire nation, and they were estimating that approximately one out of every four children in the U.S. would suffer from hunger by the time that 2020 was finally done.

#8 We haven’t seen an economic downturn this severe since the Great Depression of the 1930s, and the middle class has been hit particularly hard.  According to one recent survey, 2020 was a “personal financial disaster” for 55 percent of all Americans.

#9 But 2020 hasn’t been a financial disaster for everyone.  In fact, Forbes recently published an article which celebrated 50 doctors, scientists and healthcare entrepreneurs that become “pandemic billionaires” in 2020.

#10 The U.S. government continues to waste money in some of the most crazy ways imaginable.  I know that I shared this the other day, but I just had to include it in this article as well.  According to U.S. Senator Rand Paul, the federal government has spent 6.9 million dollars to develop a “smart toilet” which uses a very small camera to identify your “analprint”.

#11 One of the reasons why so much crazy spending happens is because our politicians don’t actually read the bills that they pass.  For example, the spending bill that the House of Representatives recently passed was 5,593 pages long, and members of the House were only given a few hours to look it over.  Unsurprisingly, the bill passed the House by a vote of 359 to 53.

#12 When Barack Obama first entered the White House, the U.S. was 10.6 trillion dollars in debt.  Now we are 27.5 trillion dollars in debt, and soon that total will hit the 30 trillion dollar mark.  Needless to say, this is a recipe for national financial suicide.

#13 The decline of the U.S. family continued to accelerate in 2020.  According to a recent Gallup survey, only 29 percent of Americans believe that “it is very important for couples who have children together to be married”.

#14 Americans have continued to get even bigger in 2020 as well.  At this point, 73 percent of the entire U.S. population is either overweight or obese.

#15 The amount of control that the big tech companies have over our lives has gotten more than just a little bit frightening, but most Americans don’t seem to mind.  In fact, one recent survey found that 2 out of every 3 Americans do not care if their smart devices are recording what they say and do at all times.

#16 But if anyone tried to take our smart devices away, then most of us would suddenly become very angry.  Another recent survey found that the average person will spend a total of 44 years looking at digital devices during their lifetimes.

#17 The recent presidential election has deeply divided our nation.  96 percent of Democrats believe that Joe Biden was elected fairly, but only 20 percent of Republicans feel the same way.

#18 Joe Biden only won 16.7 percent of all counties in the United States.  That was a new record low for a winning candidate, beating the previous record low of 22 percent which Barack Obama established in 2012.

#19 But Joe Biden also somehow won the most overall votes in U.S. history by a very wide margin.  He received more than 81 million votes, which was about 12 million more votes than Barack Obama got in 2008 when he set the old record.

#20 On December 14th, the Electoral College voted to make Joe Biden the next president of the United States.  Amazingly, that date is precisely halfway between the “Great American Eclipse” of 2017 and the “Great American Eclipse” of 2024.  If you plot the paths of those two eclipses on a map of the United States, you will see that they combine to form a giant “X” across the heartland of America.

***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.

$600 Stimulus Checks Won’t Pull America Out Of This Mess…

Well, it looks like we are going to get $600 stimulus payments from the federal government after all.  Oh goody!  For the millions of Americans that are on the brink of being evicted from their homes, that will be enough for about half a mortgage payment or about half a month of rent.  Many are referring to this as America’s “let them eat cake moment”, and that probably is not too far off target.  As our politicians spend hundreds of billions of dollars on other nonsense, we are supposed to be deeply grateful to them for tossing a few hundred bucks our way.  But the truth is that $600 dollars does not go as far as it once did.  20 years ago, it would have bought more groceries than any of us could have possibly put into a single vehicle, but today it will buy about two carts of food and maybe a tank of gas.

If we are going to go “full Weimar” and destroy any hope of ever getting our national finances under control, we might as well make the checks big enough to smile about.

But while you get a measly $600, the federal government is spending $6,900,000 on a “smart toilet” which can actually recognize a user’s “analprint”…

In his latest report on federal government waste, a project he completes every year, Sen. Rand Paul (R-Ky.) highlights $54.7 billion in government spending that he deems wasteful. Among the items noted this year is the creation of a $6.9 million “smart toilet,” which operates with three cameras, one of which can identify a user’s “analprint.”

As explained in The Festivus Report 2020, researchers at Stanford University used $6,973,057 in funds granted through the National Cancer Institute, which is part of the National Institutes of Health (NIH) to create a so-called “smart toilet.”

Really?

Just when I think that it can’t possibly get any worse, the federal government comes up with even more bizarre ways to waste our tax dollars.

At least if we were only spending what we brought in I could live with that.  But instead, we have been stealing more than $100,000,000 dollars from future generations of Americans every single hour of every single day ever since Barack Obama first entered the White House.

I am not just picking on the Democrats.  At this point most Republicans have abandoned any pretense of fiscal responsibility, and that fact makes me sick to my stomach.

Today, we are 27.5 trillion dollars in debt, and soon it will be 30 trillion dollars.

If we are going to liquidate the nation anyway, let’s give people checks that are so large that they will be dancing in the streets.

Because giving people $600 checks in this economic environment is essentially the equivalent of spitting into Niagara Falls.

Let me try to illustrate what I am talking about.  Right now, there are 12 million U.S. renters that are more than $5,000 behind on their rent and utilities…

The newest data from Moody’s Analytics shows about 12 million renters are now at least $5,850 behind in rent and utilities payments — and eviction protections expire in weeks.

Okay, so let’s assume that all of those people get $600 payments on a timely basis.

In the end, on average they will still be about $5000 behind on their payments, and the start of a new month is right around the corner.

And there are millions of other Americans that are living so close to the edge financially that they have been putting their rent payments on a credit card…

There’s been as much as a 70% percent increase from last year in people paying rent on a credit card, according to an analysis by the Federal Reserve Bank of Philadelphia.

“If you’re putting your rent payments on to a credit card, that shows you’re really at risk of eviction,” says Shamus Roller, executive director of the nonprofit National Housing Law Project. “That means you’ve run out of savings; you’ve probably run out of calls to family members to get them to loan you money.”

Yes, $600 will help.

But not much.

For 32-year-old Jo Marie Hernandez, $600 might buy a little bit of time, but what she really needs is a new job…

Jo Marie Hernandez doesn’t know how she and her 4-year-old daughter will survive after her unemployment aid lapsed this weekend.

Hernandez, who lives in Olean, New York, is on the brink of losing her home in days after she lost her job as a customer service associate at a gas station in the spring. Enduring prolonged unemployment, she’s struggled to make ends meet and has nothing left in savings to keep her afloat.

I can’t even imagine the emotional pain that she must be going through right now.

When you have a young child and you are about to be thrown out into the streets, nothing else really matters…

“I only have $100 left to my name. My whole world is shattered,” says Hernandez, 32, who was forced to put her car up for sale. “We can’t wait a few weeks for help. We’re starving and will be out on the street soon.”

Sadly, there are millions and millions of other Americans that are facing similar scenarios right now.

This is what an economic depression looks like, and economic conditions are going to continue to deteriorate moving forward.

Many on the left are assuming that future stimulus checks will be bigger once Joe Biden gets into the White House.  But every additional dollar that we borrow makes our long-term problems even worse.

Our national debt continues to spiral wildly out of control, the money supply is shooting up at an exponential rate, and we are mired in the worst economic downturn since the Great Depression of the 1930s despite unprecedented government intervention.

This is the big meltdown that everyone has been waiting for, and we are still only in the very early chapters.

So no, $600 stimulus payments won’t actually fix anything.

But hopefully they will ease the suffering slightly as the U.S. economy continues to relentlessly steamroll toward 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 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.

We’re On A Highway To Hyperinflation

Well, here we go again.  The U.S. House of Representatives just passed a $900 billion stimulus package, and we are being promised that it will provide a real “boost” to the economy.  Of course we were told the exact same thing about all of the other “stimulus packages” that have been passed since the beginning of the pandemic.  Most importantly to many Americans, $600 stimulus payments will soon be sent out directly to the American people.  If you are married and have three kids, you will get a total of $3,000, because each member of your family is counted equally for this round of stimulus payments.

But it won’t just be U.S. citizens that will be receiving free money.  According to Michelle Hackman of the Wall Street Journal, families of illegal immigrants will now be eligible as well…

Family members of unauthorized immigrants are now eligible to get stimulus checks under the $900 billion deal reached last night. That eligibility is retroactive, so adults excluded last time could get up to $1800 now

In addition, there is a tremendous amount of pork in the spending package that the House just authorized.  The following comes from Zero Hedge…

And now, on to the pork… which includes billions to foreign countries, US military weapons purchases which go above and beyond their budgets, $40 million for the Kennedy Center, and nearly $200 million so that federal HIV/AIDS workers overseas can buy cars and car insurance, among other things.

Not surprisingly, the bill passed the House by a vote of 359 to 53.

I would like to applaud the 53 members of the House that tried to stand up and do the right thing, because this bill should have never been passed.

It is being reported that the bill was 5,593 pages long, and our representatives were only given a few hours to read it…

Several members of Congress are taking to social media to complain about the handful of hours they have to read the 5,593-page spending bill.

Early Monday afternoon, the behemoth piece of legislation was uploaded, and House Speaker Nancy Pelosi scheduled a vote for the evening.

It is going to take weeks before we learn all of the insidious things that were snuck into this bill, because that is how long it is going to take for ordinary citizens to read it.

As for members of Congress, I doubt that any of them will ever end up reading the entire thing.

Our system of government is so broken, but most of the population doesn’t seem to care.

And most Americans also don’t seem to care that all of this ridiculous spending is literally destroying the bright future that our children and our grandchildren were supposed to have.

You see, the truth is that we don’t have 900 billion dollars to spend on a stimulus package.

Instead, the federal government will have to borrow 900 billion new dollars that the Federal Reserve creates out of thin air.

Needless to say, injecting 900 billion more dollars into the economy is going to be yet another massive shock for the money supply.  Even without this new stimulus package, M2 has been rising at an exponential rate since the start of the pandemic due to all of the previous stimulus packages that Congress approved and all of the “quantitative easing” that the Federal Reserve has been doing.

Prior to 2020, we had “inflation”, but now we have definitely entered a “hyperinflationary” phase.

In the short-term, $600 payments will help ease the economic suffering of tens of millions of Americans.

But in the long run, we are going down the exact same path that Venezuela, Zimbabwe and the Weimar Republic went down.

As I have explained to my regular readers repeatedly, just about everyone in Venezuela is a millionaire today, but just about everyone is also living in poverty because their money is almost absolutely worthless.

Unfortunately, most Americans are not interested in discussing the inflationary impact that all of this reckless spending is having.  Instead, social media is full of angry comments about how these $600 stimulus payments are not nearly large enough.

Just check out what some of the people on Twitter are saying…

Eli Yudin: Members of Congress got paid $130,000 to spend 9 months arguing about whether we deserve $600

Robert Reich: People are starving and the GOP has the nerve to hand over a one-time $600 check, as the Pentagon spends $2 billion a day. The cruelty is staggering.

VeBee: You and I : $600 … No thank you! Sudan : $700,000,000…HELL NO !

@BlessUSA45: Leader of both party’s celebrating while laughing their asses off at us because they actually believe we are delighted to get our 600 dollar check from them.

@marie32318459: “i am very proud of this deal, because we came together, BI partisan” this is unacceptable. 9 MONTHS, getting paycheck after paycheck with American tax dollars and then come up with this “spit-in-the face” 600$ and they actually congratulating each other on this?
#eattherich

Allegedly Legendary: @SpeakerPelosi Americans need monthly cash assistance for all, #Med4All and a real plan to get people back to work. Not a $600 dollar one-time check. You’ve given tax cuts in the billions and bailouts but don’t help the American people. #StimulusChecksOrStrike

This is one of the big problems that happens once you start cruising down the road to socialism.

People always want more.

And actually Joe Biden is promising much more “stimulus” once he gets into the White House.

Giving people free money is a fast way to win votes, but it is also going to destroy the value of our currency.

If M2 continues to rise at an exponential rate, what do you think that is going to do to the cost of living in this country?

We all know the answer to that question, and if our paychecks do not keep pace that means that our standard of living will be going way down.

I have been warning that our financial system is headed for an epic meltdown, and now it is starting to become a reality right in front of our eyes.

Throughout human history, once currency devaluation reaches an exponential phase things always have ended badly.

And now it is our turn.

We’re on a highway to hyperinflation, and our maniacal free spending politicians are behind the wheel.

***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.

This Is Going To Be The Worst Winter For The U.S. Economy In Modern Times

We already knew that this was going to be the worst winter for the U.S. economy since the Great Depression of the 1930s, but now a new round of lockdowns threatens to rip the guts out of hundreds of thousands of small businesses all around the country.  As I write this article, 33 million people are under “stay-at-home orders” in California alone.  With each passing day, state governments are implementing even more new restrictions, and those new restrictions are going to increasingly choke the life out of economic activity in this nation.

The good news is that most of the corporate giants have enough resources to weather another round of lockdowns, but countless small businesses do not.

In San Francisco, some small businesses that have served the city for generations now find themselves on the edge of extinction…

“I’ve been walking around the city nonstop talking to small businesses owners and every story is sadder than the next,” said Rory Cox, the founder of the newly-formed San Francisco Small Business Alliance. “Everyone is like, ‘I wake up every day and I don’t know how much longer I can do this. I had 60 employees but now all I have is six, or now it’s only me.’ These are family businesses, these are moms and dads, brothers and sisters. I feel firmly we’re the backbone of the city. And they’re destroying us, they’re ripping us apart, they’re tearing out the heart and soul of the city.”

Traditionally, small businesses have been the primary engine of job growth in the United States, but now they are laying off workers in droves once again.

So far this year, more than 70 million Americans have filed new claims for unemployment benefits, and this unprecedented tsunami of job losses was caused by the original round of lockdowns.

Now a new wave of lockdowns is upon us, and there is going to be extreme economic pain all over America.

Sometimes it can be mind numbing to talk about the millions upon millions of Americans that are now in horrifying financial distress, but each one of those individuals has a name…

Tina Morton recently faced a choice: Pay bills — or buy a birthday gift for a child? Derrisa Green is falling further behind on rent. Sylvia Soliz has had her electricity cut off.

Unemployment has forced aching decisions on millions of Americans and their families in the face of a rampaging viral pandemic that has closed shops and restaurants, paralyzed travel and left millions jobless for months.

As I discussed the other day, the Aspen Institute is estimating that up to 40 million Americans could be facing eviction in 2021 because they have gotten behind on rent or mortgage payments.

We have never seen anything like this before in all of American history.  We are literally murdering the economy, and most of the politicians that are doing this don’t seem to care.  Perhaps their jobs are secure, but there are millions of others that haven’t been able to find a new job after being laid off months ago.  In fact, the percentage of “long-term unemployed workers” as a share of all those that are unemployed is now the highest it has been during this entire pandemic…

In November, the number of workers jobless for at least 27 weeks — economists’ barometer for “long-term” unemployment — grew by 385,000 to 3.9 million.

That accounts for 37% of all unemployed workers — up from a third in October and 19% in September.

And of course most of those that are still working are just barely scraping by from month to month.

According to a survey that was just released, nearly tw0-thirds of Americans say that they are living paycheck to paycheck at this point…

In a year still ravaged by the coronavirus pandemic and its economic fallout however, it appears many will be struggling through the most festive part of 2020. A survey finds over 60 percent of Americans say they’re now living paycheck-to-paycheck as the year draws to a close.

The poll of over 2,000 Americans, commissioned by Highland Solutions, wanted to see how spending habits and personal finances in the U.S. are holding up during the pandemic. Their results find 63 percent of respondents have cut back on their spending due to COVID. Six in 10 say they’re doing it to be more cautious, but 49 percent add it’s because of losing income at work.

Now this new wave of lockdowns is going to push millions more struggling Americans into poverty once they lose their jobs.

I feel especially bad for those that have pouring blood, sweat and tears into their small businesses for years only to have them utterly destroyed by politicians like California Governor Gavin Newsom.  What one small business owner named Robert Carroll had to say about the new lockdowns in California will stay with me for a very long time…

“We have basically been left with no options and essentially no hope for the future,” wrote Robert Carroll, the owner of the bar Sodini’s in Redwood City. “We understand COVID-19 is serious, and dangerous, however in this scenario it’s not only dangerous to our health, but our financial and mental wellbeing as well. People need to decide for themselves what risks to take, we don’t take risks at Sodini’s, we insist on masks and distancing, all we want is a CHANCE to maintain our business. If you’ve never had a dream taken away and there’s nothing you can do about it, it’s the worst feeling in the world.”

Even in the most wildly optimistic scenario imaginable, it is hard to imagine how we could possibly avoid the most painful winter for the U.S. economy since the Great Depression of the 1930s.

Perhaps that is why corporate insiders are now selling stocks at the fastest pace that we have seen in almost four years.

Corporate insiders absolutely nailed the two short-term peaks in the market that we witnessed earlier this year, and now they seem to think that an even larger move down is coming.

But ultimately what we are heading into is not just another temporary economic setback.  Sadly, the truth is that our entire system has started the process of completely melting down.

The COVID pandemic has greatly accelerated matters, but we were going to get to this point one way or another eventually.

Now a day of reckoning is upon us, and this winter is going to be very dark, very cold and very, very bitter.

***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.

15 Signs That America’s Economic Depression Is Accelerating As We Head Toward The Holiday Season

Hardly anyone expected that things would get this bad in 2020.  Once the pandemic hit and states all over the country started instituting lockdowns, economic activity collapsed dramatically.  U.S. GDP was down 31.4 percent during the second quarter of 2020, and that was a drop without parallel in all of U.S. history.  In fact, that decline was more than three times as large as the previous record.  But eventually states started to “reopen” their economies, and U.S. GDP for the third quarter is expected to show a significant rebound when the numbers are finally released.  Of course we still aren’t even close to where we used to be, but at least things weren’t as bad as they were in the second quarter.  But now as the fourth quarter begins, it appears that economic conditions are heading back in the wrong direction again.  The following are 15 signs that America’s economic depression is accelerating as we head toward the holiday season…

#1 All 546 Regal Cinema theaters in the United States are being shut down, and right now there is no timetable for reopening them.

#2 It is being reported that AMC Entertainment (the largest movie theater chain in the U.S.) will “run out of liquidity” in 6 months.

#3 Over the weekend, I was told by someone that works in the industry that he expects most movie theaters in the country to eventually close down permanently because of this pandemic.

#4 The average rent on a one bedroom apartment in San Francisco is 20.3 percent lower than it was one year ago.

#5 During the 3rd quarter, the number of vehicles delivered by General Motors was down about 10 percent from a year ago.

#6 It is being reported that Anheuser-Busch will be laying off 400 employees in Loveland, Denver, Littleton and Colorado Springs.

#7 Allstate has just announced that they will be laying off 3,800 workers.

#8 JCPenney says that it will be cutting approximately 15,000 jobs as we approach the holiday shopping season.

#9 At least one-fourth of the 28,000 layoffs that Disney will be conducting will happen in Florida.

#10 Collectively, American Airlines and United Airlines let 32,000 employees go last week.

#11 On Thursday, we learned that another 787,000 Americans filed new claims for unemployment benefits during the previous week.

#12 Overall, more than 60 million Americans have filed new claims for unemployment benefits so far in 2020.  That number is far higher than anything we have ever seen before in all of U.S. history.

#13 Retail store closings in the United States continue to surge along at a pace that is absolutely unprecedented.

#14 Bankruptcy filings in New York City have risen 40 percent so far in 2020.

#15 This number is hard to believe, but it is being reported that almost 90 percent of New York City bar and restaurant owners couldn’t pay their full rent for the month of August.

None of this was supposed to happen.

By now, we were supposed to be well into a “V-shaped recovery” that would soon have Americans forgetting all about the dark days in the middle of 2020.

But instead, millions upon millions of Americans have lost their jobs and are facing a deeply uncertain future.  One of those Americans is an unemployed cook named Juan Jose Martinez Camacho…

Juan Jose Martinez Camacho, 59, has been a cook for 30 years, since he was asked to fill in one day when he was working as a dishwasher in a restaurant.

He has worked as a cook at the Crowne Plaza in Redondo Beach, California, for 22 years. When he was laid off on March 23, he was thinking it would be only two or three months before things got back to normal. But late last month he was notified he had permanently lost the job, which paid $22 an hour. He has been looking for other cooking jobs without any luck.

Can you imagine doing the same thing for 30 years and suddenly being out of a job?

Like most Americans, he assumed that the pandemic would soon pass and he would be going back to his old routine.

But that hasn’t happened, and so he is among the millions of restaurant workers that are not bringing in any income right now.

With so many Americans out of work, food banks around the country have been dealing with a tsunami of demand.  In previous articles, I have written about the absolutely massive lines that we have been seeing in certain portions of the nation.  In some cases, people have started lining up at 2 AM in the morning and the lines have gotten up to 2 miles long.

And every week we see more gigantic lines at food banks all over America.  The following is how one local news source described the massive lines that have been consistently forming in the state of Texas…

Thousands of cars form tightly packed lines across the state every week now to receive food. From Chihuahuan Desert border towns and cities to the staked plains of the panhandle, across the piney wood of deep East Texas, down to the Rio Grande and back cars stack, growing into steel and fiberglass caterpillars, hungry.

These events have distributed tens of millions of pounds of food over the past six months.

If you still have your job and you haven’t been forced to visit a food bank during this crisis, you should be thankful for your blessings.

Just like in the 1930s, we are witnessing colossal lines for food all over the nation, and this is just the beginning.

If you have been waiting for a “recovery”, you can stop waiting, because what we witnessed during the third quarter was about all the “recovery” that we are going to get.

Now we are less than a month away from a presidential election that promises to be incredibly chaotic, and the extremely deep divisions that already exist in our nation are likely to get even worse.  Many believe that this election will produce even more civil unrest, and that will likely depress economic activity even further.

I truly wish that economic conditions would “return to normal” and that all of us could get back to our old patterns.

But there isn’t going to be any “return to normal” any time soon.

Instead, very dark days are ahead, and those very dark days will shake this nation to the core.

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

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 and Twitter, 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.

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