Not Ready For Economic Collapse: Only 41 Percent Of Americans Have $1000 To Cover An Emergency

We better hope that the U.S. economy holds together in 2020, because if there is any sort of major economic crisis much of the country is going to be broke almost immediately.  Today, close to half of all Americans are living on the edge financially.  For many, it is out of necessity, but for others it is a conscious choice.  Way too many people out there see no need to build up a substantial financial cushion because they have a tremendous amount of faith in the system.  They don’t think that things will ever get too bad in this country, and so there is no urgency to put funds away for a rainy day.  But even if authorities could somehow prevent an economic downturn from ever happening again, individual emergencies are taking place all around us on a constant basis.  Cars break down, people get sick, and accidents happen.  Unfortunately, most Americans are completely unprepared for some sort of an emergency to strike.  In fact, a brand new survey has discovered that just 41 percent of Americans could cover a $1,000 emergency expense using their current savings… (Read More...)

A State Of Panic Hits The Globe As Cases Of China’s New Mystery Virus Rise Exponentially

This is already becoming the worst public health scare that we have seen in many years, and experts are warning that we are still in the very early chapters of this crisis.  Officials are fairly certain that the spread of this mysterious new coronavirus began in the Chinese city of Wuhan, and as you will see below, measures are now being implemented to try to isolate that city from the rest of China.  But it is already too late, because cases have already been reported in other major Chinese cities, and the virus has also already traveled to a whole bunch of foreign countries via airplane.  Cases have been reported in Japan, South Korea, Thailand, Taiwan, the Philippines, Australia and now there has even been one case in the United States.  It is being estimated that this virus has an incubation period of about a week, and so the truth is that countless others could be spreading it around right now without even realizing it. (Read More...)

The Mainstream Media Admits We Are In “An Auto Recession” – And It Just Continues To Get Worse

Quite a few of the most important sectors of the global economy are already “in a recession”, and yet somehow we are still supposed to believe that the economic outlook for the rest of 2020 is a positive one.  I am not buying it, and I know that a lot of other people aren’t buying it either.  The global economic slowdown that began last year is really picking up pace here in early 2020, and global financial markets are perfectly primed for a meltdown of epic proportions.  Unfortunately, most people simply do not understand how badly the global economy has been deteriorating.  For example, global auto sales have now fallen for two years in a row, and even CNN is admitting that the global auto industry has been in a “recession” for some time… (Read More...)

The Biggest Stock Market “Melt Up” In U.S. History Has Pushed Stock Prices To The More Overvalued Levels Ever

Over the past several months, we have witnessed one of the greatest stock market rallies in American history.  The S&P 500 has gone 70 days in a row without a 1 percent loss, and most weeks we have seen one daily surge after another.  If stock prices were exploding because the underlying U.S. economy was performing extremely well, we would have reason to celebrate.  Unfortunately, that is not the case at all.  In fact, last week I shared 12 signs that the economy is actually slowing down substantially.  Instead, this stock market “melt up” is being largely fueled by reckless intervention by the Federal Reserve.  The Fed’s balance sheet has been ballooning once again, and investors know that stock prices tend to go up significantly when that is happening.  So right now Wall Street is in the midst of a raucous party, and everything will be wonderful as long as stock prices continue to move in the right direction. (Read More...)

The Mysterious New “SARS-Like Virus” That Is Killing People In China Has Now Spread To Japan

On top of everything else that has happened so far in 2020, a very mysterious “SARS-like virus” that doctors have never seen before is causing grave concern among global health officials.  It has been identified as “a coronavirus”, but that category covers a very broad range of illnesses.  If you have a common cold right now, it was caused by a coronavirus.  But SARS and MERS also came from the same virus family, and those two outbreaks made headlines all over the world.  In 2002 and 2003, SARS infected more than 8,000 people worldwide, and more than 700 of them ended up dying.  Global health officials are hoping that what we are now facing won’t be any worse than that, but at this point they just don’t know enough about this mysterious new virus to make any firm projections. (Read More...)

7 Major Earth Changes That Are Happening Right Now That Everyone Needs To Know About

There has never been a time in modern human history when our planet has been changing as rapidly as it is changing right now.  The sun is behaving very strangely, freakishly cold weather is breaking out all over the world, ocean temperatures continue to rise, volcanoes all over the globe are shooting ash miles into the air, Australia is experiencing the worst wildfires that they have ever seen, and the north magnetic pole has been moving at a pace that is deeply alarming scientists.  Could it be possible that all of this bizarre activity is leading up to some sort of a crescendo? (Read More...)

The Robots Are Coming, And They Are Going To Take Over Millions Of Jobs

When we get to a point where literally just about everything can be done more cheaply and more efficiently by robots, the elite won’t have any use for the rest of us at all.  For most of human history, the wealthy have needed the poor to do the work that is necessary to run their businesses and make them even wealthier.  In this day and age we like to call ourselves “employees”, but in reality we are their servants.  Some of us may be more well paid than others, but the vast majority of us are expending our best years serving their enterprises so that we can pay the bills.  Unfortunately, that paradigm is rapidly changing, and many of the jobs that humans are doing today will be done by robots in the not too distant future.  In fact, millions of human workers have already been displaced, and as you will see below experts are warning that the job losses are likely to greatly accelerate in the years to come. (Read More...)

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