Northern California

The Bay Area Has Become An Absolute Paradise For Violent Criminals

Over the past couple of decades, northern California has prospered more than any other area in the country.  In fact, the two wealthiest metropolitan areas in the entire nation are located in northern California.  But even though the region is absolutely swimming in cash, crime is completely and totally out of control and violent criminals are having a field day.  We have never seen the sort of crime wave in the Bay Area that we are seeing now, and it seems to be getting worse with each passing month.

Let me give you an example of what I am talking about.  According to the local CBS affiliate, the number of car break-ins has risen “by more than 700 percent in some parts of the city”…

Car break-ins have skyrocketed in San Francisco, increasing by more than 700 percent in some parts of the city. With more people visiting after county and state restrictions were lifted, thieves are taking advantage of tourists by breaking into rental cars.

“Sucky end to our vacation but what can we do,” said Kaitlin Lore, visiting from New Jersey.

The politicians running the city don’t like to admit this, but San Francisco is dealing with an absolutely massive epidemic of street drug abuse.

The addicts that endlessly wander the streets are constantly looking for more drug money, and they have discovered that tourists are easy targets.

So I would not recommend making San Francisco your next vacation destination.

But of course tourists are not the only ones being hit.  In fact, a news crew was just robbed at gunpoint right in the middle of a television interview…

The attack took place outside City Hall on Monday just hours after the police chief blasted his city’s decision to defund its police department by $18.5 million despite a 90 percent increase in murders.

The NBC Bay Area news crew was interviewing Guillermo Cespedes at around 3 pm when two armed men tried to take their camera, the Oakland Police Department said.

It boggles my mind that Oakland politicians would want to slash 18.5 million dollars from the police budget in this environment.

Shootings are up 70 percent in Oakland and murders are up 90 percent, and so the answer is to radically reduce police funding?

Are they nuts?

This is the same sort of thinking that caused California politicians to make all theft below $950 a misdemeanor.  As a result, thieves have learned that they can engage in wild shoplifting sprees as long as they keep the value of goods stolen in each store to under $950…

A steady increase in shoplifting at big chains like Walgreens and CVS prompted a recent hearing before the Board of Supervisors, with some city leaders expressing shock after hearing how bad things are. One executive said thieves would hit several stores in a day, keeping each theft below the $950 threshold, but stealing more than $30,000 of goods overall. City leaders promised to explore the idea of “aggregating” such crimes for prosecution.

“Like other retailers,” said a statement from Safeway, “we’ve seen a dramatic increase in shoplifting incidents and losses from shoplifting since California sentencing laws changed in 2014 to make all theft below $950 a misdemeanor when it was previously a wobbler, either a felony or a misdemeanor based on prosecutorial discretion. Enterprising thieves have figured out there are few consequences to shoplifting if they keep the value of their crimes below $950.”

The shoplifting in San Francisco has gotten so bad that it has started to make headlines all over the globe.

Politicians will give a lot of speeches about the problem, but don’t expect any real solutions any time soon.

Meanwhile, homelessness is another crisis that just continues to grow in the Bay Area.

Even though the region is swimming in more cash than ever before, the number of people camping out in the streets has just kept on climbing.

At this point, many local residents have had enough.  Just check out the results of one recent survey…

The SF Chamber of Commerce released results Thursday from their annual CityBeat Poll, which asks San Francisco voters a range of questions about the state of the city and their perceptions of it.

This year’s poll, like last year’s, found 70% city residents saying that quality of life in the city has declined. 80% of residents polled said that addressing homelessness needs to be a high priority for the city, and 88% said that the problem had gotten worse in the past few years.

Some of the homeless have been herded into a large encampment run by the city, but that has turned out to be a rather expensive proposition.

In fact, it is being reported that each tent in that homeless encampment is costing the city “$60,000 per year”…

Today in “liberals making wonderful capital allocation decisions with your tax dollar news”…

It turns out “solving” the homelessness problem that has (along with sky high taxes) been plaguing San Francisco, driving residents out of the city (and state), is a costly endeavor.

In fact, a homeless encampment run by San Francisco costs the city $60,000 per year, per tent, the NY Post reported this week.

To put that in perspective, putting each one of those homeless individuals into a $5,000 apartment for 12 months would also cost $60,000 a year.

If things are this bad in San Francisco now, how bad will they get when economic conditions really start going downhill?

And if such an incredibly prosperous city cannot solve the problems that I have discussed in this article, how will other less prosperous cities fare as the fabric of our society continues to steadily deteriorate?

Understandably, a large number of San Francisco residents have chosen to leave the city for good in recent months, and of those that remain 40 percent say that they intend to move out of the city permanently within the next few years.

If I was living in San Francisco right now, I would definitely be planning to relocate as well.

But the truth is that the entire country is on the exact same path that San Francisco has gone down.

So what are you going to do when the conditions that we are currently witnessing in San Francisco seem like they are virtually everywhere?

As California goes, so goes the nation.

All around us we can see evidence of America’s decline, and the clock is ticking.

***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.

“Greater Idaho”: Conservatives In Oregon Want 22 Rural Counties To Secede And Become Part Of Idaho

Is the state of Idaho going to get a whole lot bigger?  A group known as Greater Idaho is pushing for rural counties in Oregon and northern California to secede and become part of the state of Idaho.  In fact, as you will see below, this effort has actually been endorsed by some of the top Republicans in the Oregon legislature.  Today, the Oregon state government is completely and utterly dominated by the left, and due to the demographics of the state that is not likely to change any time soon.  So conservatives in rural areas that are deeply upset over the direction of the state essentially have just two options.  They can either move to a more conservative state, or they can attempt to redraw state lines.

Of course attempting to redraw state lines is a very complicated process, but at this point conservatives in Oregon are so fed up with the state legislature that they have decided to push ahead with this effort.

In fact, it is being reported that signatures are being collected right now in order to “put the proposal on ballots in November”…

Frustrated by liberal policies, some Oregon residents petitioned to leave the state – by moving the border with Idaho westward.

The movement secured initial approval from two counties and aims to get enough signatures to put the proposal on ballots in November, according to the group called Greater Idaho.

This is a very viable political movement, and it will be quite interesting to see where this goes.

For years, rural counties in Oregon have felt shortchanged by a state legislature that is dominated by the Portland area, and things have finally come to a breaking point.  One of the chief organizers of this movement, Mike McCarter, says that this secession push “is our last resort”…

“Rural counties have become increasingly outraged by laws coming out of the Oregon Legislature that threaten our livelihoods, our industries, our wallet, our gun rights, and our values,” Mike McCarter, one of the chief petitioners, said in a news release. “We tried voting those legislators out, but rural Oregon is outnumbered and our voices are now ignored. This is our last resort.”

Initial efforts are focused on just a few counties, but eventually the goal of Greater Idaho is to get dozens of counties in Oregon and northern California to secede.

The following comes from Greater Idaho’s official website…

We are trying to change the present borders of Idaho, Oregon & Northern California so that certain counties & communities presently in Oregon & Northern California will become part of the State of Idaho.

Out of Oregon’s existing 36 counties, only 14 would remain in the state if Greater Idaho is able to achieve their goals, and a big chunk of northern California would become Idaho territory as well.

But getting this accomplished will not be easy.  Approval would be needed from the state legislatures of Oregon, California and Idaho, and that would be a real challenge.

On top of that, the U.S. Congress would have to approve any plan, and getting that to happen would probably require a miracle.

But one thing that this movement has going for it is the fact that it has been endorsed by some big name state lawmakers in Oregon, and that includes the top Republican in the state Senate…

The Republican leader in the state Senate, Sen. Herman Baertschiger, supports the idea and told CNN he’d even help write the secession legislation.

“Democrats should be paying attention to how unhappy these Oregonians are with the current regime to seek secession from Oregon. I would welcome the idea to serve on the Greater Idaho legislature!” he said.

And Representative Gary Leif actually has a map of “Greater Idaho” hanging in his office…

Rep. Gary Leif, a Republican in the Oregon House of Representatives, has a poster of the “Greater Idaho” map hanging in his office.

“The Greater Idaho would then be the only West Coast state that is a conservative red coastal state. We would then truly be representing conservative values with rural constituents,” Leif explained.

It is certainly encouraging to see people take a really big idea and try to run with it.

But of course the liberals in Oregon are not exactly thrilled with the idea that most of their state could be ripped away from them and given to someone else.  And as long as they are in firm control of the state legislature, it is going to be exceedingly difficult for this plan to get too far.

A similar scenario is playing out in Virginia.  The Democrats have taken control of the state government, and the state continues to drift left with each passing year.

Obviously many of those living in rural Virginia counties do not like this one bit, and the recent attacks on Second Amendment rights brought things to a boiling point.

There has been a lot of talk that rural countries in Virginia could try to secede and join West Virginia, and West Virginia’s governor Jim Justice has publicly said that he would welcome those counties “with open arms”…

In an unlikely bid, West Virginia Gov. Jim Justice says he would welcome neighboring Virginia counties to join his state amid Democrats’ control of Virginia’s government.

“If you’re not truly happy where you are, we stand with open arms to take you from Virginia or anywhere where you may be,” said Justice, a Republican. “We stand strongly behind the Second Amendment, and we stand strongly for the unborn.”

But once again, this effort in Virginia is facing the same sorts of obstacles that the Greater Idaho movement is facing.

Of course anything that is worth doing in life is going to require effort.  And those that are trying to secure a better future for themselves, their families and their communities should be greatly applauded for doing so.

Ultimately, this is yet another sign of how incredibly divided we have become as a nation.  In recent years we have seen multitudes of conservatives move to “red states” and multitudes of liberals move to “blue states”, and that trend is likely to accelerate in the years ahead.

It has gotten to the point where many of us literally do not even want to live in an area that is controlled by the other side, and the 2020 election is going to deepen our existing political divisions no matter who ends up winning.

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.

Red Flag Warning: These California Wildfires Are ‘Among The Most Destructive Fire Events In US History’ And They Are About To Get Even Worse

The wildfires that are roaring through northern California are already “among the most destructive fire events in U.S. history”, and by the time it is all said and done this could be the worst wildfire season in the history of the state.  So far, fires have scorched more than 250 square miles, and more than 3,500 homes and businesses have already been destroyed.  The official death toll has risen to 21, but that is expected to rise dramatically because over 600 missing persons reports have been filed with authorities.  The worst damage has been done in Napa and Sonoma counties, and you can see some deeply troubling photos of the devastation here and here.

Unfortunately, this crisis is far from over.  In fact, the National Weather Service has just issued a pair of “red flag warnings”…

The weather forecast is not looking good for those living in wine country, and for those firefighters trying to get a handle on the 22 wildfires raging through Northern California, which broke out Sunday and are barely contained more than three days later.

The National Weather Service issued a red flag warning for the North and East bays starting at 5 p.m. Wednesday and midnight on Thursday respectively.

That means winds can gust from 20 mph to 50 mph in the higher elevation areas, fanning the flames down mountains and into the cities.

So as bad as things are at this moment, the truth is that they are going to get even worse over the next 24 hours.

And that is quite sobering to hear, because this is already one of “the most destructive fire events in U.S. history”…

The California Department of Forestry and Fire Protection said fire activity increased significantly, destroying more buildings and forcing more mandatory evacuations. The wind-whipped, fast moving cluster of blazes ranks among the most destructive fire events in U.S. history.

“This is a serious, critical, catastrophic event,” Cal Fire Chief Ken Pimlott said. “It’s pure devastation, and it’s going to take a while to get out and comb through all this.”

Of course this crisis comes on the heels of several other major disasters.  In recent weeks our nation has had to deal with Hurricane Harvey, Hurricane Irma and the Las Vegas shooting, and many have pointed out that the U.S. has not seen a series of disastrous events such as this in a very long time.

It would be hard to overstate the devastation that we have witnessed in northern California so far.  In some areas, it literally looks like a war zone…

‘It looks like a bombing run here,’ said winemaker Joe Nielsen of Santa Rosa’s Donelan Family Wines, speaking to the San Francisco Chronicle. ‘Just chimneys and burnt-out cars and cooked trees.’

What would you do if your home burned to the ground?

Perhaps you could use the insurance money to rebuild eventually, but what would you do in the meanwhile?

Everywhere you go in northern California the smell of smoke fills the air.  At this point it is so bad that even San Francisco is reporting “the worst air quality ever recorded”…

“We are reporting the worst air quality ever recorded for smoke in many parts of the Bay Area,” said Tom Flannigan, spokesman for the Bay Area Air Quality Management District. “This is similar to what you see in Beijing China in bad air days there.”

Soot readings in many areas have reached levels considered very unhealthy or hazardous, air quality regulators said.

And the economic damage that is being done by these fires is going to be felt for many, many years to come.

As the quote below explains, California accounts for approximately 85 percent of the wine production in the United States, and Napa and Sonoma counties are the heart of the wine industry in the state…

Wine industry experts say that even if a winery’s vineyards remain standing, they face steep challenges as their employees struggle with burned or damaged homes. The region counts wine and tourism as top employers, and many workers who pick grapes or work in hotels may be compelled to relocate after losing everything.

Napa and Sonoma counties are home to around 900 wineries (of 4,600 statewide), with most boutique businesses making higher-end wines. The two counties represent 13% of the state’s output. And the state itself supplies 85% of the nation’s wine production, making it the fourth-largest producer of wines after Italy, France and Spain.

Expect the price of wine to go up substantially in the months ahead, and this is going to be a huge hit for one of the most economically prosperous areas of the state.  Many of the facilities that have been destroyed will never be rebuilt, and needless to say the tourism industry in northern California will not be the same for a very long time.

But the true extent of the devastation will not be known until the crisis is over, and it looks like the worst chapters may still be ahead.  USA Today is reporting that no rain is in the forecast, and strong winds are going to continue to push wildfires very rapidly across the region…

“No rainfall is forecast for ongoing fires in California,” the weather service said. “Strong winds behind the front will bring elevated-to-critical fire weather threats to active fires across northern California today into Thursday.”

Please pray for the people living in northern California.  Normally, it is one of the most beautiful areas on the entire planet, but now it is literally being transformed into a complete and total nightmare.

For years, I have been writing about the alarming increase in the intensity of wildfires all over the country.  One of the big reasons for this is the fact that the federal government is not properly managing the lands under their control, and so wildfires tend to burn more rapidly on federally-owned lands.  It is time for the federal government to start turning over ownership of these lands to the states, and that is something that I plan to fight very hard to accomplish.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

Another Major Disaster Hits The U.S. – A Massive ‘Firestorm’ Is Burning Tens Of Thousands Of Acres In Northern California

The nation is still reeling from a series of major disasters in recent weeks, and now another one has hit us.  At this moment, an enormous “firestorm” is consuming tens of thousands of acres in eight counties in northern California. Wind gusts of up to 50 mph are rapidly driving 15 large wildfires across Napa, Sonoma, Lake, Mendocino, Yuba, Nevada, Calaveras and Butte counties, and the devastation that is taking place is being described as “like Armageddon”.  Ultimately, it looks like this is going to be one of the worst months for wildfires in the history of the state, and all of this comes on the heels of Hurricane Harvey, Hurricane Irma and the Las Vegas shooting.  Ever since late August, it seems like all hell has broken loose in America.

So far at least 1,500 structures have been destroyed, at least 20,000 people have been evacuated and at least 73,000 acres have been burned.  The smell of smoke has reached San Jose, Oakland and San Francisco, and California Governor Jerry Brown has officially declared a state of emergency.

If these wildfires were just consuming isolated parts of northern California, this wouldn’t be such a big story.  The reason why this crisis is getting so much attention from the national media is because some of these fires are raging “unchecked through high-end resorts, grocery stores and tree-lined neighborhoods”…

More than a dozen wildfires whipped by powerful winds swept through California wine country Monday, destroying at least 1,500 homes and businesses and sending thousands fleeing as flames raged unchecked through high-end resorts, grocery stores and tree-lined neighborhoods.

As he fled through the ember-stewn streets of his neighborhood in Santa Rosa, Jeff Okrepkie knew it was probably the last time he would see his home of the past five years standing.

His worst fears were confirmed Monday morning, when a friend sent him a photo of what was left: a smoldering heap of burnt metal and debris.

Could you imagine how helpless you would feel if you were forced to evacuate and you knew that your home and everything that you owned was about to be consumed by fire?

That is what thousands of northern Californians are facing right now.  In fact, many are getting out with so little time to spare that they can literally feel the heat from the flames as they drive away…

“It was an inferno like you’ve never seen before,” said Marian Williams, who caravanned with neighbors before dawn as one of the wildfires reached the vineyards and ridges at her small Sonoma County town of Kenwood.

Ms Williams could feel the heat of her fire through the car as she fled. “Trees were on fire like torches,” she said.

At this point, Santa Rosa appears to be getting hit worse than just about anywhere else.

According to Cal Fire director Ken Pimlott, one major neighborhood within the city has already been completely destroyed…

When winds pushed the Tubbs fire into Santa Rosa on Sunday night, it created “a firestorm within a city,” Cal Fire director Ken Pimlott said.

“It’s fair to say it’s been destroyed,” Pimlot said of Santa Rosa’s Fountaingrove neighborhood. Hotels, a big box store and a high school burned as the flames danced around the 101 Freeway.

“Late last night starting around 10 o’clock you had 50-60 mph winds that surfaced — really across the whole northern half of the state,” he said. “Every spark is going to ignite.”

Authorities are telling us that the big box store that was destroyed was a Kmart, and the hotel that was burned to the ground was a Hilton.  But even more disturbing was what happened to Journey’s End retirement community…

In Santa Rosa, the fire gutted a Hilton hotel and flattened the Journey’s End retirement community, a trailer park not far from the freeway that crosses the city. Most of the trailers were leveled, leaving a smoldering debris field of household appliances, filing cabinets and the charred personal effects of more than 100 residents. Pieces of ash fell like snowflake flurries, and a pall of white smoke across the city blotted out the sun.

Insurance will cover the Kmart and the Hilton, but it is probably fair to say that a lot of the people living in that trailer park did not have adequate coverage.

Sadly, many of them will now be forced to start over with essentially nothing.

I don’t know if you have noticed, but wildfires are becoming a much bigger problem than they used to be.  We were already not too far behind the record pace that was set in 2015, and if this month continues to be really bad we could potentially set the all-time national record for number of acres burned in a single year by the end of 2017.

As I discuss in my brand new book entitled “Living A Life That Really Matters”, our planet is becoming increasingly unstable.  And for those living in the state of California, I would be extremely concerned about all of the shaking that we have been witnessing along the North American portion of the “Ring of Fire” lately.  The experts assure us that we are way overdue for “the Big One”, and when it happens it is going to be the worst disaster in the modern history of the state.

But hopefully things will start to settle down for at least a little while in our nation, because we have been put through quite a lot lately.  After Harvey, Irma, Las Vegas and now these California wildfires, we could definitely use some time to recover.

And if you happen to live in northern California, we would love to hear from you.  Please feel free to tell us what is going on in your area by posting a comment below…

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

The Tens Of Millions Of Forgotten Americans That The U.S. Economy Has Left Behind

The evidence that the middle class in America is dying continues to mount.  As you will see below, nearly half the country would be unable “to cover an unexpected $400 expense”, and about two-thirds of the population lives paycheck to paycheck at least part of the time.  Of course the economy has not been doing that well overall in recent years.  Barack Obama was the only president in all of U.S. history not to have a single year when the economy grew by at least 3 percent, and U.S. GDP growth during the first quarter of 2017 was an anemic 0.7 percent.  During the Obama era, it is true that wealthy enclaves in New York, northern California and Washington D.C. did thrive, but meanwhile most of the rest of the country has been left behind.

Today, there are approximately 205 million working age Americans, and close to half of them have no financial cushion whatsoever.  In fact, a new survey conducted by the Federal Reserve has found that 44 percent of Americans do not even have enough money “to cover an unexpected $400 expense”…

Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years, 44% of respondents said they wouldn’t be able to cover an unexpected $400 expense like a car repair or medical bill, or would have to borrow money or sell something to meet it.

Not only that, the same survey discovered that 23 percent of U.S. adults will not be able to pay their bills this month…

Just as concerning were other findings from the study: just under one-fourth of adults, or 23%, are not able to pay all of their current month’s bills in full while 25% reported skipping medical treatments due to cost in the prior year. Additionally, 28% of adults who haven’t retired yet reported to being grossly unprepared, indicating they had no retirement savings or pension whatsoever.

But just because you can pay your bills does not mean that you are doing well.  Tens of millions of Americans barely scrape by from paycheck to paycheck each and every month.

In fact, a survey by CareerBuilder discovered that 75 percent of all Americans live paycheck to paycheck at least some of the time…

Three-quarters of Americans (75 percent) are living paycheck-to-paycheck to make ends meet, according to a survey from CareerBuilder. Thirty-eight percent of employees said they sometimes live paycheck-to-paycheck, 15 percent said they usually do and 23 percent said they always do. While making ends meet is a struggle for many post-recession, those with minimum wage jobs continue to be hit the hardest. Of workers who currently have a minimum wage job or have held one in the past, 66 percent said they couldn’t make ends meet and 50 percent said they had to work more than one job to make it work.

So please don’t be fooled into thinking that the U.S. economy is doing well because the stock market has been hitting new record highs.

The stock market was soaring just before the financial crisis of 2008 too, and we remember how that turned out.

The truth is that the long-term trends that have been eating away at the foundations of the U.S. economy continue to accelerate, and the real economy is in substantially worse shape this year than it was last year.

Just about everywhere you look, businesses are struggling and stores are shutting down.  Yes, there are a few wealthy enclaves where everything seems wonderful for the moment, but for most of the country it seems like the last recession never ended.

In a desperate attempt to stay afloat, a lot of families have been turning to debt to make ends meet.  U.S. household debt has just hit a brand new all-time record high of 12.7 trillion dollars, but we are starting to see an alarming rise in auto loan defaults and consumer bankruptcies.  This is precisely what we would expect to see if the U.S. economy was moving into another major recession.

In fact, we are seeing all sorts of signs that point to a major economic slowdown right now.  Just check out the following from Wolf Richter’s latest article…

Over the past five decades, each time commercial and industrial loan balances at US banks shrank or stalled as companies cut back or as banks tightened their lending standards in reaction to the economy they found themselves in, a recession was either already in progress or would start soon. There has been no exception since the 1960s. Last time this happened was during the Financial Crisis.

Now it’s happening again – with a 1990/91 recession twist.

Commercial and industrial loans outstanding fell to $2.095 trillion on May 10, according to the Fed’s Board of Governors weekly report on Friday. That’s down 4.5% from the peak on November 16, 2016. It’s below the level of outstanding C&I loans on October 19. And it marks the 30th week in a row of no growth in C&I loans.

Perhaps we will be very fortunate and break this pattern that has held up all the way back to the 1960s.

But I wouldn’t count on it.  Here is what Zero Hedge has to say about this alarming contraction in commercial and industrial loans…

Here’s the bottom line: unless there is a sharp rebound in loan growth in the next 3-6 months – whether due to greater demand or easier supply – this most accurate of leading economic indicators guarantees that a recession is now inevitable.

We are way overdue for a recession, the hard economic numbers are screaming that one is coming, and the financial markets are absolutely primed for a major crash.

As Americans, we tend to have such short memories.  Every time a new financial bubble starts forming, a lot of people out there start behaving as if it can last indefinitely.

But of course no financial bubble is going to last forever.  They all burst eventually, and now the biggest one in U.S. history is about to end in spectacular fashion.

Trump will get a lot of the blame since he is the current occupant of the White House, but the truth is that the conditions for the next crisis have been building up for many years, and the horrors that the U.S. economy is heading for were entirely predictable.