The Underground Bunker Business Is Booming As Global Events Spiral Out Of Control

This is a really good time to be selling underground bunkers.  The COVID-19 pandemic, civil unrest in major U.S. cities, and concern about what else may be coming have combined to create a tremendous amount of demand for “survival real estate”.  In all my years of writing, I have never seen anything like this.  I have been hearing from so many people that suddenly feel a great urgency to prepare for the total collapse of society, and quite a few of them have either recently relocated or plan to do so in the near future.  For some, moving entirely out of the country seems like the best option, but for most others the goal is to find a way to survive the coming chaos here in the United States.

Of course a lot of people are still tied to major population centers by their jobs, and for a lot of those individuals a “survival bunker” in a remote location that they can bug out to if things get crazy enough is an attractive option.

In South Dakota, one company has established the “largest survival community on Earth”, and the New York Post recently interviewed a 69-year-old man named Tom Soulsby that purchased one of the very first underground bunkers in that community…

Tom Soulsby, 69, and his wife, Mary, were one of the first to buy a bunker at Vivos xPoint — the self-proclaimed “largest survival community on Earth” — near the South Dakota town of Edgemont. In 2017, he made a $25,000 down payment and signed a 99-year land lease (with fees of $1,000 per year) to occupy an elliptical-shaped, 2,200 square-foot underground concrete bunker once used as a military fortress during World War II to store weapons and ammunition.

For a while there, sales were not happening too briskly.  But then 2020 happened, and at this point sales of underground bunkers at Vivos xPoint are “up over 600 percent”

When Soulsby signed on the dotted line, he was one of a handful of new owners. But in 2020, Vivos xPoint has become hotly sought-after real estate. The price has jumped to $35,000, says Robert Vicino, the California developer and CEO of the Vivos Group, which launched in 2008, and bunker sales are “up over 600 percent.”

I really admire what they are trying to do, and I am sure that having major news stories done about your community helps sales, but it will also make the community a target when things really do hit the fan.

Another project that has been making a lot of headlines is “the Survival Condo” in central Kansas.  It is completely underground, and it was originally designed to survive a nuclear war

The Survival Condo has a lot of the hallmarks of your standard fallout shelter. It’s underground (200 feet underground, in the middle of rural Kansas, 200 miles from Kansas City). It was built during the Cold War (as a nuclear missile launch facility). It’s also been retrofitted with nine-foot-thick reinforced concrete walls designed to survive everything from tornadoes to 12-kiloton nuclear warheads dropping half a mile away.

This converted nuclear silo has been described as an “underground skyscraper”, and this is how author Bradley Garrett described his visit to “Level 11”

On level 11 of the Survival Condo, about 50 metres underground, Hall and I visit a 1,800 sq ft home. I have had the same feeling as walking into a bedroom in a hotel chain. The apartment has never been used. It has a Navajo print rug, a cushy white sofa set and a stone electric fireplace with a flat panel TV over it. A marble countertop extends to a bar separating the living room from the kitchen, which is filled with high-end appliances.

It sounds quite lovely, but the units are not cheap.

In fact, prices start at more than a million dollars

Half-floor apartments here are $1.5m (£1.2m); full-floor apartments $3m (£2.4m); and a two-level, 3,600 sq ft penthouse has sold for $4.5m (£3.6m). In total, 57 people will be living in 12 apartments, each paying an additional $5,000 (£4,000) a month in residents’ association fees. One apartment, bought with cash, is designed to feel like a log cabin, with a loft looking down on a fake fireplace flanked by a six-screen display of a snow-capped mountain range.

The company selling the units insists that the location is super secret, but if that is actually the case it probably is not a good idea to let reporters roam around inside the facility with a film crew.

In any event, only the ultra-wealthy will get to live there, because most Americans could never even dream of being able to afford such an elaborate bug out location.

But all of us should be doing what we can to get prepared for the hard years that are ahead, because things are about to get really, really crazy.

We live in truly unprecedented times, and what we have experienced so far is just the beginning.

As global events spiral out of control, many among the elite will be heading for their underground bunkers, and some are already there

As coronavirus infections tore across the U.S. in early March, a Silicon Valley executive called the survival shelter manufacturer Rising S Co. He wanted to know how to open the secret door to his multimillion-dollar bunker 11 feet underground in New Zealand.

The tech chief had neve­r used the bunker and couldn’t remember how to unlock it, said Gary Lynch, general manager of Texas-based Rising S Co. “He wanted to verify the combination for the door and was asking questions about the power and the hot water heater and whether he needed to take extra water or air filters,” Lynch said. The businessman runs a company in the Bay Area but lives in New York, which was fast becoming the world’s coronavirus epicenter.

It sure must be nice to have a luxury underground bunker in New Zealand.

Unfortunately, most Americans are going to have to deal with whatever is ahead right where they are currently located.

But whether you have an underground bunker or not, the truth is that challenging times are coming for all of us, and no amount of money is going to change that.

***It is finally here! 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.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  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.

A List Of 50 Things You Should Get Right Now To Prepare For The Chaotic Events Of The Next 12 Months

People have been asking me to do an article like this for quite some time.  In all the years that I have been writing, I have never seen so many of my readers so alarmed about our immediate future.  Over and over again, I have been getting emails from people asking for advice about how to prepare for what is ahead, and so many of them are using the word “urgency” to describe what they are feeling.  And I can definitely identify with that, because around the middle of last year that is a word that I started using constantly.  I felt an urgency about 2020 that I had never felt about any other upcoming year, and there were certain things that I knew that I had to get done.  One of those things that I had to get done was my new book, and it is now finished.  The plan is to release it this month, and after reading it there will be no doubt about why I have been feeling such a sense of urgency in recent months.

I want to warn you in advance that the list below is not an exhaustive list.

Instead, it is meant to be a very basic starting guide.  There are many other things that could (and probably should) be added to this list, and I very much encourage readers to leave comments after this article with their own suggestions and recommendations.  We should always be willing to learn from one another, because nobody is an expert on everything.

To me, the four primary priorities for preparing for an emergency scenario are food, water, energy and shelter.  Once you have got those four basic areas covered, you can certainly build on that foundation by addressing other considerations.

In the title of this article I use the phrase “the next 12 months”, but I do not mean to imply that everything will be fine after those 12 months are over.  In fact, I am convinced that our problems are only going to intensify as time rolls along.

And I certainly hope that you will not need everything on this list during the next 12 months.  Hopefully, you will not need to use some of these items for a few years.  But this is definitely a great opportunity to purchase many of these things, because a lot of them are only going to become more expensive and more difficult to acquire the worse conditions get.

In putting this list together, I was envisioning a scenario in which most of you will be sheltering at home rather than “bugging out” to an alternative location.  In a “bugging out” scenario, this list would look quite a bit different.

Also, I didn’t address self-defense in this list, but without a doubt it is very important.  In fact, if you live in or near a major city, it is imperative to have a plan for defending yourself and your family.  For years, I have been encouraging readers to move away from the major cities, but for a lot of people that simply isn’t possible at this moment.  More than 51 million Americans have filed new claims for unemployment so far this year, and so a good stable job is an extremely valuable thing to have at this moment.  If your job is keeping you in a potentially dangerous area right now, you will also want to have a plan for “bugging out” to a more remote location if the need arises.

With all of that being said, the following are 50 things that I am encouraging everyone to stock up on in order to prepare for the chaotic times that are coming…

#1 A Generator

#2 A Berkey Water Filter

#3 A Rainwater Collection System If You Do Not Have A Natural Supply Of Water Near Your Home

#4 An Emergency Medical Kit

#5 Rice

#6 Pasta

#7 Canned Soup

#8 Canned Vegetables

#9 Canned Fruit

#10 Canned Chicken

#11 Jars Of Peanut Butter

#12 Salt

#13 Sugar

#14 Powdered Milk

#15 Bags Of Flour

#16 Yeast

#17 Lots Of Extra Coffee (If You Drink It)

#18 Buckets Of Long-Term Storable Food

#19 Extra Vitamins

#20 Lighters Or Matches

#21 Candles

#22 Flashlights Or Lanterns

#23 Plenty Of Wood To Burn

#24 Extra Blankets

#25 Extra Sleeping Bags

#26 A Sun Oven

#27 An Extra Fan If You Live In A Hot Climate

#28 Hand Sanitizer

#29 Toilet Paper

#30 Extra Soap And Shampoo

#31 Extra Toothpaste

#32 Extra Razors

#33 Bottles Of Bleach

#34 A Battery-Powered Radio

#35 Extra Batteries

#36 Solar Chargers

#37 Trash Bags

#38 Tarps

#39 A Pocket Knife

#40 A Hammer

#41 An Axe

#42 A Shovel

#43 Work Gloves

#44 N95 Masks

#45 Seeds For A Garden

#46 Canning Jars

#47 Extra Supplies For Your Pets

#48 An Emergency Supply Of Cash

#49 Bibles For Every Member Of Your Family

#50 A “Bug Out Bag” For Every Member Of Your Family

Are there certain key items that you would add to this list?  If so, please feel free to leave a comment with your thoughts below.

I understand that there are a lot of people out there that are feeling extreme financial stress during this severe economic downturn, and acquiring all of the items on this list may not be possible.

And that is okay.  Our job is to do the very best that we can with what we have, and we shall trust God with the rest.

I know that a lot of people out there don’t like it when I write such “negative” articles.  But I wouldn’t be doing my duty if I didn’t warn people about what was coming, and I actually believe that articles like this give people a lot of hope.

There is hope in understanding what is coming, there is hope in getting prepared, and there is hope in connecting with others that are also preparing.

Just like we witnessed during the early stages of this COVID-19 pandemic, the people that will be freaking out when things get really crazy will be those that do not understand what is happening and haven’t made any preparations in advance.

Millions upon millions of Americans will not be able to handle the times that are coming, but we prepare because we believe that with God’s help we can make it through all of the storms that are ahead.

If you wish to mock us for being preppers, please feel free to do so, but you also need to be prepared to issue one whopper of an apology when you are forced to turn to one of us for help one day.

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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet 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. 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.  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 Should Be A Major Wake Up Call For Every Single Person Living On The Planet

Sometimes we need something to shake us in order to wake us from the fantasy that we have been living in.  Hopefully, this COVID-19 pandemic will serve as a wake up call for people all over the globe, because it has given us a very clear preview of what we can expect during the years ahead.  This pandemic has shown us that our economic and financial systems are not nearly as stable as most people thought, many of our politicians have been quite eager to embrace socialism and tyranny during this pandemic, and acute shortages of basic essentials started to happen very rapidly once fear of COVID-19 began to sweep across the nation.  If things degenerated this much during a relatively minor crisis like this COVID-19 pandemic, what in the world is our society going to look like once a major crisis hits us?

If you haven’t figured it out by now, this coronavirus is definitely not an “end of the world” scenario.  Yes, more than 300,000 people around the globe have died so far, and the final death toll will be even higher, but this isn’t like the Spanish Flu Pandemic of 1918 to 1920 that took the lives of somewhere between 50 million and 100 million victims worldwide.

So that is good news, but the bad news is that the lockdowns instituted by our political leaders have burst all of our economic bubbles and have completely wrecked the global economy.

Here in the United States, more than 38 million Americans have lost their jobs so far, more than 100,000 businesses have been permanently lost, and it is being projected that U.S. GDP will fall by about 40 percent during the second quarter.

And all that it took to do that was fear of a virus.

If millions of people were dropping dead all over the planet, the level of fear that we are witnessing would be understandable.  But millions of people aren’t dropping dead, and this crisis has turned out to be mostly fear.

Ultimately, we will look back on this as a relatively minor event compared to the horrific pandemics that experts assure us are eventually coming our way.

So please don’t get rid of any protective equipment that you have acquired.  Someday you will need it.

But for now, there is absolutely no reason why any U.S. state should still have any restrictions in place, and we desperately need to try to reboot our economy because it is dying right in front of our eyes.

In fact, White House economic advisor Kevin Hasslett says that we could see the official unemployment rate hit 22 or 23 percent in May

Kevin Hasslett, who is chairman of the council of economic advisers, has warned that the unemployment rate, which hit 14.7 percent in April, may rise to 22 to 23 percent in May and edge up a bit in June before falling back down.

‘We’ll see a very bad number for May and then I think that in June it will start to head in the right direction,’ he told CNN, adding that he believes a fourth stimulus bill meant to stanch coronavirus-induced economic pain is coming ‘sooner rather than later’.

During that same interview, he even admitted that it is likely that we will still be facing double digit unemployment when we go to vote in November

Asked whether it was possible unemployment would be in double digits in November when the presidential elections are held, Hassett replied: ‘Yes, I do.’

To put that in perspective, the unemployment rate in the U.S. peaked at about 10 percent during the last recession.

So what we are facing right now is far worse than anything that we experienced during the last recession, and we will continue to have very high unemployment for the foreseeable future.

Of even greater concern is the tyranny that we have been witnessing all over the nation during this pandemic.

I never would have imagined that so many governors would be so eager to fully embrace tyranny during a crisis.  Some of them even seem to revel in trampling on the rights of others, and that has been extremely alarming to watch.

For years, many freedom-loving candidates tried to run for public office all over the nation, but the American people kept rejecting them and kept electing ultra-corrupt career politicians instead.

As a result, we have the government that we deserve, and it isn’t pretty.  I am personal friends with a mother that was arrested for simply taking her children to the park to play.  In New York City, a young mother was wrestled to the ground by police for not wearing a mask properly.  And all over the U.S. we have seen pastors being arrested simply for trying to hold church services.

No, we definitely aren’t “the land of the free” anymore.

Of course it isn’t just the authorities that have been eager to enforce the new “social distancing” rules.  A perfect example of this just happened in New York

A viral video captured the moment furious New Yorkers chased an unmasked shopper out of a grocery store in Staten Island.

In the 21-second clip, which has racked up more than one million views, at least five customers are seen berating a woman for not wearing a mask inside the crowded store despite the state requiring everyone to do so.

This is what fear does to people.

And if we are seeing this much fear now, how will people respond when something much worse comes along?

In addition to everything that I have shared already, this crisis should also motivate all of us to prepare for the days ahead like we never have before.

During this pandemic there have been shortages of toilet paper, hand sanitizer, masks, meat, frozen pizza and all sorts of other things.

As the past several months have demonstrated, if you wait until everyone realizes that a full-blown crisis is happening, it may be too late to get what you need.

Of course the temporary shortages that we have witnessed in 2020 are nothing compared to what is eventually coming.  I have written extensively about the famines that are beginning to emerge around the globe, and the UN is openly warning that hundreds of millions of people could be facing “acute food shortages” by the end of this calendar year…

The United Nations is warning the world of a looming food shortage as a result of the ongoing coronavirus pandemic. An expected 265 million people could face “acute food shortages” by the end of the year.

Many Americans may not realize it, but the rest of 2020 is actually a window of opportunity to get prepared for the events of 2021 and beyond.

Please take advantage of this window.

Because even though this pandemic turned out to be “mostly fear”, it won’t be too long before we will be facing problems that are much more severe.

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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet 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. 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.  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 all many people as we possibly can.

The Economic Numbers That Are Coming Are “Going To Be The Worst In The Post-World War II Era”

We just witnessed the largest quarterly GDP decline since the last financial crisis, and experts are warning that the figure for the second quarter will be far, far worse.  In fact, as you will see below, one expert is telling us to brace ourselves for the worst economic numbers “in the post-World War II era”.  On an annualized basis, U.S. GDP fell by 4.8 percent during the first quarter, and that was a bit worse than most economists were projecting.  And economists were also surprised that consumer spending was down 7.6 percent and business investment was down 8.6 percent during January, February and March.  Under normal circumstances, those would be absolutely horrible numbers, but these are not normal circumstances.  Yes, January and February were relatively normal, but the coronavirus shutdowns began in March and that is why these numbers are so dismal.

Unfortunately, it looks like the economic numbers for the second quarter are going to be much more depressing.  One economist that was interviewed by the New York Times believes that they will actually be the worst that our nation has seen since the end of the Second World War…

“They’re going to be the worst in our lifetime,” Dan North, chief economist for the credit insurance company Euler Hermes North America, said of the second-quarter figures. “They’re going to be the worst in the post-World War II era.”

And at this point even the Trump administration is publicly admitting that the economic numbers are going to start getting really, really bad.  On Monday, Kevin Hassett actually told CNBC that U.S. GDP could fall by up to 30 percent on an annualized basis during the second quarter…

On Monday morning, the White House economic adviser Kevin Hassett warned the second quarter could reflect a 20 to 30 percent decline – something that has not been seen since the 1930s Great Depression.

‘You’re looking at something like minus 20 percent to minus 30 percent in the second quarter. It’s a very grave shock and it’s something we need to take seriously,’ he told CNBC.

But we don’t have to wait until three months from now for numbers that are truly horrific.

On Wednesday, we learned that U.S. home sales in March were down by double digits in every region on the country

Signed contracts to purchase existing homes, referred to as pending home sales, fell 20.8% compared with February and were 16.3% lower annually, according to the National Association of Realtors.

Regionally, pending sales fell 14.5% in the Northeast for the month and were 11% lower than a year ago. In the Midwest, sales decreased 22% monthly and 12.4% annually. In the South sales dropped 19.5% for the week and 17.8% annually, and in the West they fell 26.8% weekly and 21.5% compared with a year ago.

Some states are attempting to gradually “reopen” their economies, and that is good news.

But the bad news is that officials are telling us that all of the restrictions in big states such as California and New York will not be lifted until many months from now, and that is going to greatly depress economic activity for the foreseeable future.

With economic activity so low, companies all over America are laying off workers at a staggering rate.  More than 26 million Americans have lost their jobs so far, and the layoffs just keep on rolling.  For example, we just learned that Uber is planning to let thousands of employees go

Executives at Uber are discussing plans to cut around 20% of the company’s employees, as it copes with a sharp decline in its ride-hailing business due to the coronavirus pandemic, reports The Information.

Layoffs of that magnitude, which haven’t been finalized but could be announced in stages in the coming weeks, could result in more than 5,400 of Uber’s 27,000 employees losing their jobs.

Of course it isn’t just the United States that is facing an unprecedented unemployment crisis.

According to the International Labour Organization, close to half of all the workers in the world “are in immediate danger of losing their livelihoods”…

Some 1.6 billion workers in the informal economy, representing nearly half of the global labour force, are in immediate danger of losing their livelihoods due to the coronavirus pandemic, the International Labour Organization (ILO) said on Wednesday.

The U.N. agency’s latest report sharply raised its forecast for the devastating impact on jobs and incomes of the COVID-19 disease, which has infected more than 3.1 million people globally, killed nearly 220,000 and shut down economies.

This is one of the biggest reasons why lockdowns all over the globe need to be ended as quickly as possible.  If people are not allowed to make a living, they aren’t going to have anything to feed their families.

Even in the United States, we have already seen an explosion of need that is absolutely shocking.  All over the country, people have been lining up for miles to get whatever food that local food banks are able to give them, and we witnessed more examples of this growing phenomenon on Tuesday

Masses of cars waited in line for the drive-thru food giveaway in Pico Rivera, California, as volunteers sporting face masks, gloves and high-vis jackets helped dish out supplies.

Over in Prospect, vehicles were seen snaking through the Big Butler Fairgrounds. It comes as millions of people across America lose their jobs amid the coronavirus pandemic and households have been thrown into turmoil.

If things are this bad already, what is this nation going to look like as we get even deeper into “the perfect storm”?

In recent days I have been writing quite a bit about the coming “meat shortage” that the mainstream media has been warning about, and now we are being told that a serious shortage of boneless chicken is already upon us

Goodbye, boneless chicken.

Food retailers across North America are swapping boneless chicken legs for less popular thighs and drumsticks as a wave of shutdowns at meatpacking plants has reduced supplies of sought-after cuts.

As I discussed yesterday, President Trump has decided to order meat processing facilities that were closed down because of COVID-19 to reopen, and many are hoping that this move will put a quick end to the shortages.

But on Wednesday the mainstream media was full of stories about how meat processing workers may decide to defy President Trump and refuse to go back to work…

Meat-processing plant workers are concerned about President Donald Trump’s executive order that compels plants to remain open during the coronavirus pandemic. Meat plant employees are among America’s most vulnerable workers, and some say they expect staff will refuse to come to work.

“All I know is, this is crazy to me, because I can’t see all these people going back into work,” said Donald, who works at Tyson’s Waterloo, Iowa, facility. “I don’t think people are going to go back in there.”

If fear of COVID-19 keeps a substantial percentage of workers from returning to their jobs, that could cause the emerging meat shortages to get even worse in the weeks ahead.

Of course fear of the coronavirus is paralyzing many sectors of our economy right now, and that is not going to end any time soon.

So we should expect really dismal economic numbers for the foreseeable future, and it appears exceedingly unlikely that there will be any sort of a turnaround before the election in November.

America’s next economic depression has begun, and it is going to be really, really painful.

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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet 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. 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.  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 all many people as we possibly can.

Are You Ready For The Great Depression Of The 2020s?

For those of you that were expecting just a “deep recession”, I am afraid that you are going to be very disappointed.  It took years for the U.S. economy to fully unravel in the 1930s, but now we have witnessed a similar level of economic devastation in just a matter of weeks.  More than 26 million Americans have already lost their jobs, economic activity has come to a standstill, people are lining up for miles at food banks all over the nation, and businesses are being permanently shuttered at a staggering pace.  But the good news is that some states will attempt to “reopen” their economies in the weeks ahead.  In most instances, there will be several stages before all of the restrictions are finally lifted, and that means that economic suffering will be stretched out for an extended period of time.  And of course if cases and deaths start spiking again we could see another wave of strict lockdowns all over the country, and needless to say that would greatly escalate this economic downturn.

At this moment, so many hard working people all over America are deeply hurting.

I personally know people that have lost their jobs, and you probably do too.  And because virtually nobody is hiring right now, it is going to be exceedingly difficult for newly unemployed workers to find other jobs.

Because it has an economy that is so dependent on the entertainment industry, Nevada is being hit particularly hard by this downturn.  The New York Times spoke to one Nevada resident named Valicia Anderson, and she hardly knows anyone that is still actually working

When Valicia Anderson starts to count the people she knows in Las Vegas who have lost their jobs, she runs out of fingers fast.

Her husband, the breadwinner of her family and a restaurant worker in the Rio casino. All 25 of his co-workers. Her grown son, in a temp agency. The technician who does her nails. The barber who cuts her husband’s hair. Her best friend, a waitress. The three servers and a manager at the TGI Friday’s that is her family’s favorite treat.

It has been estimated that the current unemployment rate in the state is “about 25 percent”, and that number is almost certainly going to go higher in the months ahead.

Down in Texas, they are also dealing with an oil crash at the same time that they are wrestling with this coronavirus pandemic, and this has created the worst budget crisis that the city of Houston has ever seen

On the same day that the price for U.S. crude oil fell to about $30 below zero — a mind-bending concept and the first time oil prices had ever turned negative — Mayor Sylvester Turner of Houston, the self-proclaimed energy capital of the world, stood before reporters. His words were grim and muffled by the black mask covering his face.

The mayor announced that city employees would soon be furloughed, but he declined to say how many. The Houston Zoo, he said, could expect to see funding deferred under what he called “the worst budget that the city will deal with in its history.”

The high paying energy industry jobs that fueled an incredible real estate boom in Texas are now disappearing by the thousands, and it is being reported that many of those that are being laid off are learning the news “during painful Zoom sessions from home”

Thousands of energy workers, some of whom only lately moved to the region to take advantage of the recent prosperity, have been laid off. Many of them were told the bad news during painful Zoom sessions from home.

Warning letters from energy companies have been flooding the Texas Workforce Commission about layoffs and furloughs: 3,500 at Halliburton, 223 at Tenaris, 184 at Baker Hughes, 102 at Diamond Offshore Drilling, 95 at Energy Transfer.

By the way, when did Zoom become such a big thing?

It seems like so many people are using it now, and I don’t understand why it is so popular.

Perhaps my readers will help me to understand this.

Getting back to the economy, at this point even the Trump administration is admitting that the unemployment rate will soon be approaching levels that “we saw during the Great Depression”

White House senior advisor Kevin Hassett says US economy is in “grave situation” and the unemployment rate could be hitting the same numbers seen during the Great Depression due to the Covid-19 pandemic.

“We’re going to be looking at an unemployment rate that approaches rates that I think we saw during the Great Depression,” Hassett told ABC’ ‘The Week’ on Sunday.

Let’s put that into perspective for a moment.

During the last recession, we thought that things were really, really bad when the unemployment rate got up to about 10 percent.

But back in 1933 the unemployment rate peaked at 25 percent, and now we are being told that we should expect something similar here in 2020.

Wow.

And of course low income Americans are being hit harder than anyone else.  Just check out these numbers

Most Americans support stay-at-home restrictions to protect public health. And yet the burden of the country’s shutdown is disproportionately falling on those least prepared to handle it: About 52 percent of low-income Americans say they or someone in their household has experienced job upheaval, compared to 43 percent of the broader adult population, the Pew Research Center found. Only 23 percent of low-income Americans say they have enough emergency funds to last them three months.

Hopefully as some states attempt “reopenings” it will help to slow down this enormous tsunami of unemployment.

But as I pointed out the other day, millions of Americans are now making much more money being unemployed than they did when they were working, and so that is going to provide an incentive for millions of Americans to stay unemployed for the foreseeable future.

And even if all of the coronavirus restrictions in the entire country were lifted tomorrow, fear of the coronavirus would cause economic activity to be greatly depressed for many months to come.

As I discussed yesterday, the meat processing industry is a perfect example of this.  Meat processing facilities are being shut down all over the nation, and one expert just told NBC News that we should expect shortages of meat in our grocery stores “around May 1″…

Beef, chicken and pork could be as scarce as toilet paper soon because so many meat processing plants have been temporarily shut down amid the coronavirus pandemic, industry experts are warning.

“We’ve just completed our third week of reduced slaughter and production,” Dennis Smith, a commodity broker/livestock analyst with Archer Financial Services in Chicago, said. “My guess is that about one week out, perhaps around May 1, shortages will begin developing at retail meat counters.”

So many of the things that we have been warning about for a long time are starting to happen, but most Americans still do not grasp the seriousness of this crisis.

All of the economic dominoes are starting to fall, and even if the remainder of this pandemic goes much more smoothly than anticipated, it will not fundamentally alter our current economic trajectory.

The “Everything Bubble” lasted far longer than it should have, but now that it has burst the pain is going to be absolutely immense.

And it is those at the bottom of the economic food chain that are going to be hit the hardest.

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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet 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. 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.  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 all many people as we possibly can.

“The Food Supply Chain Is Breaking” And We Are Being Warned That “Meat Shortages” Are Imminent

When meat processing facilities started shutting down because of the coronavirus pandemic, we were initially told not to worry because the facilities that were still operating normally would be able to make up the difference.  But now all of that has changed.  As you will see below, even the mainstream media is beginning to use the phrase “meat shortages”, and we are being told to brace for supply chain disruptions all over America.  Hopefully any “shortages” will only last for a few months, and hopefully supply chain disruptions will disappear later this year as the pandemic fades.  But this is yet another example that shows how exceedingly vulnerable our system has become, and it makes one wonder what will happen once a crisis even worse than this pandemic comes along.

In today’s extremely litigious environment, big corporations are going to exercise an abundance of caution when it comes to COVID-19, and we have already seen that just a handful of confirmed cases can shut down an entire food processing facility for weeks.  As a result of all the shutdowns that have already taken place, Bloomberg is warning that we are “dangerously close to meat shortages”…

Plant shutdowns are leaving the U.S. dangerously close to meat shortages as coronavirus outbreaks now spread to suppliers across the Americas.

Almost a third of U.S. pork capacity is down, the first big poultry plants closed on Friday and experts are warning that domestic shortages are just weeks away. Brazil, the world’s No. 1 shipper of chicken and beef, saw its first major closure with the halt of a poultry plant owned by JBS SA, the world’s biggest meat company. Key operations are also down in Canada, the latest being a British Columbia poultry plant.

Who ever imagined that we would be talking about “meat shortages” during the first half of 2020?

It is crazy how rapidly things have changed.

On Friday, Smithfield Foods announced the closure of a fifth meat processing facility

Smithfield Foods has closed another meat processing plant amid the coronavirus pandemic, the company’s fifth facility to discontinue operations this month as a result of the illness.

According to Smithfield, a significant supplier of the global meat market, the company has stalled production on a rolling basis since April 19 “out of an abundance of caution” for employees of its St. Charles, Illinois, facility.

And on that same day, Hormel announced the closure of two major turkey plants

A Hormel Foods subsidiary has shut down a pair of Jennie-O turkey plants after reporting some employees have tested positive for COVID-19.

The company said 14 employees out of about 1,200 workers at the two Willmar plants have tested positive for the virus.

Even more chilling, on Sunday Tyson Foods actually ran a full page ad in the New York Times in which they admitted that “the food supply chain is breaking”

Tyson Foods, one of the U.S.’s biggest meat processors, didn’t mince words in a full page New York Times spread that ran Sunday, in which they warned, “the food supply chain is breaking.”

“As pork, beef and chicken plants are being forced to close, even for short periods of time, millions of pounds of meat will disappear from the supply chain,” John Tyson, Chairman of the Board of Tyson Foods, wrote in a letter published as an advertisement. “As a result, there will be limited supply of our products available in grocery stores until we are able to reopen our facilities that are currently closed.”

Look, the truth is that the head of Tyson Foods would not be talking like that if things were not very serious.

I believe that things will be better by the end of the year, but for now we should expect significant meat shortages in the grocery stores for several months.

And for some portions of the supply chain, the shortages are already here.  In fact, one expert is warning that restaurants “could be out of fresh ground beef” in a week…

While hundreds of plants in the Americas are still running, the staggering acceleration of supply disruptions is now raising questions over global shortfalls. Taken together, the U.S., Brazil and Canada account for about 65% of world meat trade.

“It’s absolutely unprecedented,” said Brett Stuart, president of Denver-based consulting firm Global AgriTrends. “It’s a lose-lose situation where we have producers at the risk of losing everything and consumers at the risk of paying higher prices. Restaurants in a week could be out of fresh ground beef.”

The good news is that once this pandemic fades things should get significantly better for the industry.

The bad news is that we are probably going to be facing elevated prices for a long time to come.  In fact, the price of U.S. wholesale beef just set a brand new record, and the price of wholesale pork surged 29 percent last week.

And as I noted the other day, all of this is happening at a time when African Swine Fever has already killed about one-fourth of all the pigs in the world.

When it comes to pork, the answer is really easy.  Just don’t eat it.  Pork is a highway to cancer, heart disease and a whole bunch of other very serious illnesses, and I don’t understand why anyone would ever want to eat it.

But the fact that we are also facing shortages of beef, chicken and turkey now is very concerning, and I hope everyone out there has stocked up.

Sadly, the truth is that there are plenty of chickens and turkeys out there at this moment, but because of the plant shutdowns many growers don’t have anyone to sell to right now.  As a result, millions of animals are being culled

The Baltimore Sun is reporting that 2 million chickens are set to be culled across farms in Maryland and Delaware amid coronavirus-related staffing shortages at meatpacking plants.

We’ve heard the same story with pork, turkey, and beef processing plants across the country. Reducing operations or shutting down due to virus-related illnesses among staff.

“With reduced staffing, many plants are not able to harvest chickens at the pace they planned for when placing those chicks in chicken houses several weeks ago,” before strict social distancing rules went into effect, trade group for the Delmarva poultry industry said in a statement.

I believe that it is a huge mistake to completely close all of these meat processing facilities, and hopefully many of them will be reopened as soon as possible.

But meanwhile things will become increasingly difficult, and American families will suffer.

Now that tens of millions of Americans have lost their jobs, people are starting to get desperate, and the National Guard is being deployed to food banks all over the nation.

Of course this coronavirus pandemic is not the worst thing we are going to face.  In fact, it isn’t even close to the worst thing we are going to face.

So if fear of COVID-19 is causing this much of a disruption to our supply chains, what is going to happen when a crisis that is far, far more severe comes along?

We are not going to see a full return to “normal”, but later this year there should be a window of opportunity to prepare for the events of 2021 and beyond, and I very much encourage all of my readers to take full advantage of that opportunity.

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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet 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. 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.  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 all many people as we possibly can.

This Video Is For Everyone That Used To Mock Preppers

As fear of the coronavirus spreads across America like wildfire, we have witnessed “panic buying” on a scale that is absolutely unprecedented.

On Saturday, Zachary Drew posted a video that shows what the shelves at his local Wal-Mart now look like.  He lives in Illinois, and now that a “shelter-in-place” order has been issued for the entire state people are buying food like there is no tomorrow.  When I first saw this video of all the empty shelves, I was absolutely stunned.

Of course not every Wal-Mart in the country looks like this.  In some areas where the outbreak isn’t too bad yet, life is still relatively normal.

But if this pandemic continues to spread, soon we will start seeing scenes like this everywhere.

Needless to say, nobody should be visiting the stores at this point anyway.  This virus spreads so easily, and thousands upon thousands of people are steadily streaming through every grocery store that is still open.