Is There A Hidden Political Agenda? The Mainstream Media Is Suddenly Full Of Stories About The Coming Recession

All of a sudden, it seems like the mainstream media just can’t stop talking about “the coming recession”.  If you go to Google News and type in the word “recession”, you will literally get dozens of articles from the last couple of days with “recession” in the headline.  And of course it is true that there are signs of global economic trouble all around us, and I have been documenting them on my website all throughout 2019.  So we don’t want to criticize the mainstream media when they actually decide to tell the truth, because a recession is definitely coming, but could it be possible that there is also a hidden political agenda at work?  The economy is generally regarded to be one of the bright spots for President Trump, and political operatives on the left clearly understand that a major economic downturn now would spell almost certain doom for Trump’s chances of winning the 2020 election.  And when mainstream reporters talk about the possibility of a recession as we approach the next election, many of them almost seem gleeful as they describe how it could hurt Trump politically.  Ultimately, when things start to really get bad it is inevitable that the mainstream media will place the blame directly at the feet of Trump.  It is easy to imagine a narrative along the lines of “Trump’s handling of the economy has plunged the nation into a recession” being relentlessly pounded into the heads of American voters over the next year.  And if the end result is Trump being voted out of office, more than 90 percent of those that work for the big news companies will be just fine with that.

This week, we have seen an absolute explosion in the number of stories about the possibility of an imminent recession.  The following are just a few of the stories I came across while doing research earlier today…

A global recession may be coming a lot sooner than anyone thought

Recession watch: 6 financial moves to make when the economy slows down

Trump 2020 can’t afford a recession

The recession question we should be asking isn’t ‘when’ but ‘how bad?’

Recession fears explained in one simple sentence

Recession ahead? Dow, stocks tank on fears that bond market signals a downturn

Recession indicator with perfect track record flashing red

Recession signs are flashing, but Americans are still shopping at Walmart

Worried about a recession? Don’t panic, but be prepared

Of course many of these stories were sparked by a major event that we just witnessed on Wall Street.  The following comes from Fox Business

The yield curve is blaring a recession warning.

The spread between the U.S. 2-year and 10-year yields on Wednesday turned negative for the first time since 2007. Such a development has occurred ahead of each and every U.S. recession of the last 50 years, sometimes leading by as much as 24 months.

Yes, it is possible that the yield curve could be wrong this time, but I wouldn’t bet on it.

And the economic news that is coming in from all over the world just continues to confirm that conditions are deteriorating.  On Thursday, we learned that U.S. manufacturing has slumped back into contraction territory, and earlier this week we got some really troubling news from Germany and China

Germany – Europe’s largest economy – reported that its gross domestic product, a measure of an economy’s health, went negative in the second quarter.

In China, the country’s industrial output in July hit a 17-year low, Detrick said. Retail sales and investment in real estate and other fixed assets weakened, an indication the world’s second-biggest economy is feeling pressure.

So it isn’t as if the mainstream media is being dishonest with us in this case.  Global economic activity is most definitely slowing down, and many believe that things will get much worse during the second half of this year.

And a global economic slowdown would be terrible news for the Trump campaign, because their entire narrative depends on President Trump making the economy great again.  A substantial percentage of American voters are convinced that since he is a billionaire, Trump must really understand the economy very well.  And according to a CNN poll from earlier this year, the performance of the economy is one of the main reasons for his current level of support…

Right now, the main reason voters approve of Trump’s job performance is the economy. A CNN poll from late May found that 26% of those who approve of Trump’s job performance said it was mainly because of the economy. That was more than double the next most commonly given answer. Additionally, 8% said jobs/unemployment was the main reason for why they approved of Trump. Among those who disapproved, few said anything related to the economy was the main reason why they disapproved of Trump. For example, only 1% said the Trump tax cuts.

But if the U.S. economy plunges into a painful recession, the game completely changes.

For those on the left that would like to see Trump voted out in 2020, the timing of the next recession will be key.  If the next recession doesn’t begin until the second half of 2020, there may not be enough economic pain before November to swing the election in the favor of the Democratic candidate.  So what the left really needs is for a recession to begin during the second half of 2019 or the first half of 2020 so that Americans are really suffering by the time election day rolls around.

I know that is a very sick way to think, but these are the sorts of conversations that these people actually have.  For example, on his own television show Bill Maher publicly stated that a recession would be “worth it” if Trump is voted out in 2020.  As we approach the next election, many on the left will be so desperate to see Trump gone that they will be willing to pay just about any price to see that happen.

And to be honest, the U.S. economy is definitely way overdue for a major downturn, and so it is only prudent to get prepared for rough times ahead.  At this point, even USA Today is providing us with “recession survival tips”…

Do you really need that bundle package from your cable provider, or to pay a gardener to mow your lawn every week? Now might be a good time to figure out what’s an essential expense, and what you can let go.

“Review the family budget to see what could be reduced or cut if there was a sudden drop in monthly income,” says Richard Fleming, a certified financial planner based in Colorado Springs, Colorado. “Be prepared to make those reductions (or) cuts as soon as it becomes necessary.”

That is actually really good advice.

Now is a time to cut costs, get out of debt and build up your emergency fund.

The coming year promises to be quite chaotic, and those that hate President Trump are likely to pull out all the stops in an all-out attempt to get him voted out in 2020.

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

10 Quotes From Big Names Across The Political Spectrum That Are Suspicious About The Cause Of Epstein’s Death

Was there a conspiracy to kill Jeffrey Epstein?  Over the past 24 hours, the mainstream media has been full of stories about the various “conspiracy theories” that have sprung up around Jeffrey Epstein’s death.  And of course the term “conspiracy theory” has essentially become a shorthand way for the mainstream media to dismiss any explanation that does not fit with the “official” interpretation of a particular news event.  So far, the mainstream media is pushing the narrative that Jeffrey Epstein’s death was a “suicide” even though we don’t actually have any evidence that this is true yet.  Perhaps when we finally get the autopsy results things will become clearer, but then again they might not.  In any event, it has been quite remarkable to see how big names from across the political spectrum have been responding to Epstein’s death.  Many of them are demanding an investigation into what happened, and quite a few of them already seem convinced that his death was definitely not a “suicide”.

If Epstein’s death was not a suicide, then there almost certainly had to have been more than one person involved.

And if more than one person was involved, that would fit the legal definition of a “conspiracy”.

According to Cornell Law School, a “conspiracy” exits when there is an “agreement between two or more people to commit an illegal act, along with an intent to achieve the agreement’s goal.”

Wealthy and powerful people work together to commit illegal acts all the time.  If you don’t believe that, then you need to wake up and learn how the world really works.  Only time will tell if Jeffrey Epstein’s death was the result of a “conspiracy”, but right now a lot of prominent individuals are questioning the official narrative.  The following are 10 quotes from big names across the political spectrum that are suspicious about the cause of Epstein’s death…

Alexandria Ocasio-Cortez: “We need answers. Lots of them.”

U.S. Representative Matt Gaetz: “Chairman @RepJerryNadler should prioritize a Judiciary investigation into how Jeffrey Epstein died in federal custody (in Nadler’s own neighborhood!) over the Kavanaugh confirmation (which already happened), and the Russia hoax (which never happened).”

Joe Scarborough: “A guy who had information that would have destroyed rich and powerful men’s lives ends up dead in his jail cell. How predictably…Russian.”

Lou Dobbs: “Dead Men Tell No Tales. Jeffrey Epstein found dead in Manhattan jail cell; multiple reports claim death by suicide #MAGA #AmericaFirst #Dobbs

U.S. Representative Al Green: “The suicide of Mr. Epstein is an impossibilty. When an impossiblty occurs involving powerful people and possible criminality there must be an investigation to end speculation. Because the public has a right to know, I’m calling for a congressional investigation. #JefferyEpstein

Rudy Giuliani: “What does the word watch mean in the phrase suicide Watch? Who was watching? What does camera show? It is inconceivable Epstein could have hung himself if there was a suicide Watch? Follow the motives.”

Harlan Z. Hill: “Dead men tell no tales. Just as Jeffrey Epstein starts to name names, he decides to kill himself? Mkay. Totally believable.”

Former U.S. Senator Claire McCaskill: “Something stinks to high heaven. How does someone on suicide watch hang himself with no intervention? Impossible. Unless…..

Paul Krugman: “If we were living in a paranoid fantasy universe, I would be very suspicious about the Epstein suicide, even about whether it was really suicide. And you know what? The Epstein case itself shows that we *are* kind of living in a paranoid fantasy universe.”

Attorney General William Barr: “I was appalled to learn that Jeffrey Epstein was found dead early this morning from an apparent suicide while in federal custody. Mr. Epstein’s death raises serious questions that must be answered. In addition to the FBI’s investigation, I have consulted with the Inspector General who is opening an investigation into the circumstances of Mr. Epstein’s death.”

President Trump also jumped into this debate when he retweeted something that a conservative comedian named Terrence K. Williams had posted.

But to me, there was one quote that stood out above all the quotes that I have shared with you so far.

The New York Post interviewed a former inmate of the Metropolitan Correction Center in lower Manhattan, and according to that inmate it would have literally been impossible for Epstein to kill himself

There’s no way that man could have killed himself. I’ve done too much time in those units. It’s an impossibility.

Between the floor and the ceiling is like eight or nine feet. There’s no way for you to connect to anything.

You have sheets, but they’re paper level, not strong enough. He was 200 pounds — it would never happen.

You can read the rest of his account right here.  After reading that account, I was certainly persuaded that it was extremely unlikely that Epstein would have been able to kill himself.

Of course it is always possible that Epstein could have died from natural causes, but it is probably much more likely that he was killed to protect wealthy and powerful people that Epstein could have testified against.

I am sorry if this doesn’t fit with your view of the world, but the truth is that we live in a society that is saturated with evil.  That has been true since the very beginning, and human nature hasn’t changed.

Hopefully there will be an investigation into what happened, and hopefully the truth will come out.  But I am certainly not optimistic, and the mainstream media will undoubtedly do their best to cover up this entire sordid affair.

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

Years That End In “9” Tend To Be Times Of Great Upheaval

Will 2019 continue the trend?  The other day I was talking with a close friend, and he pointed out to me that all throughout history years that end in 9 have tended to be times of great change and upheaval.  I was intrigued by what he shared with me, and so I went out and did some research, and I discovered that he was right on target.  In particular, over the last 100 years we have seen an unusual number of key historical events take place during years that end in 9, and that seems quite strange.  Could it be possible that the ending of one decade and the imminent start of a new one somehow triggers something inside of us psychologically?  I don’t know, but there does seem to be a pattern.  In this article I will summarize some of the things that I have discovered, and I will let you come to your own conclusions.

Let’s start with 1929.  As I repeatedly remind my readers, most large stock market crashes tend to happen during the fall, and on October 29th, 1929 there was a devastating stock market crash unlike anything that the United States had ever seen before.  That date is generally considered to be the start of the Great Depression, which to this day is the worst economic downturn the western world has ever experienced.  The Great Depression lasted for ten years, and that brings us to the next “9” on our list…

1939 was the year when World War II started.  It was the most catastrophic war that the world has ever seen, and it didn’t end until 1945.  It is estimated that somewhere between 70 million and 85 million people were killed, and the war shocked the planet so much that we haven’t seen a war like it since.

1949 was a year of great change, and it was really when the battle lines of the Cold War between the east and the west definitely solidified.  During this year, the Communist Party of China was able to take full control of mainland China, and the People’s Republic of China was formally established.  In addition, in 1949 the Soviet Union tested their first atomic bomb, it was the year of the Berlin blockade, and NATO was formed on April 4th, 1949.

1959 was the year when Fidel Castro came to power.  Thanks to the success of the Cuban revolution, Cuba became the first communist power in the western hemisphere, and this ultimately led to the Cuban missile crisis of 1963.

1969 was so tumultuous that a number of documentaries have been made about that single year, and author Rob Kirkpatrick wrote an entire book about it entitled “The Year Everything Changed”.  It was the year of the Moon landing, Woodstock and the Manson murders.  During this year Richard Nixon was sworn in as the president of the United States, 250,000 Americans marched on Washington to protest the Vietnam War, and the Palestine Liberation Organization was founded.

1979 was the year of the Iranian Revolution.  Ayatollah Ruhollah Khomeini came to power in February, and the Iranian hostage crisis began in November.  If there had been no Iranian hostage crisis, it is possible that Ronald Reagan may have been defeated by Jimmy Carter in 1980.  1979 was also the year when Margaret Thatcher first became prime minister of the UK, and she served all the way until 1990.

1989 was another year of revolution.  In June of that year the pro-democracy protests in Tiananmen Square in Beijing were brutally crushed by the Chinese government.   On the other side of the world, 1989 was the beginning of the Velvet Revolution in Czechoslovakia which ultimately resulted in a peaceful division of that nation into the Czech Republic and Slovakia.  George H.W. Bush was sworn in as the president of the United States during this year, and huge protests on both sides of the Berlin Wall ultimately resulted in the collapse of the East German government.

1999 was the year when Bill Clinton came very close to being removed from office.  On February 12th, the United States Senate narrowly acquitted Clinton of perjury and obstruction of justice.  1999 was also the year when the euro become the official currency of the European Union, and at the end of the year the Y2K scare was making headlines all over the globe.

2009 was definitely a year of “change”.  On January 20th, Barack Obama became the first African-American to become the president of the United States.  Meanwhile, the nation was greatly suffering from the worst economic downturn since the Great Depression of the 1930s.  It is estimated that 8.8 million jobs were lost during the “Great Recession”, and millions of Americans also lost their homes as a result of the subprime mortgage meltdown.  As 2009 was ending, the Economic Collapse Blog was launched.

So now here we are in another year that ends in 9.  So far in 2019, we have seen mass shootings, crop failures, dramatic escalations in our trade war with China, and a potential war with Iran is looming on the horizon.  Americans are angrier, more frustrated and more divided today than ever before in modern American history, and the mainstream media continues to stir the pot on a daily basis.

The stage is definitely set for things to explode during the second half of this year, and a lot of people that I have been talking to feel like things could really start breaking loose at any moment.

To a large degree, 2019 has already been a year of tremendous upheaval, but many believe that the worst is still yet to come.  So buckle up and hold on, because I think that things are about to get very bumpy.

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

President Trump Is Preparing An Executive Order That Will Crack Down Hard On Social Media Censorship Of Conservatives

It appears that President Trump is getting ready to bring down the hammer on the big social media companies.  According to Politico, the Trump administration is in the process of drafting an executive order that will “tackle Silicon Valley’s alleged anti-conservative bias”.  And it is very much in President Trump’s own self-interest to do this.  Social media played a key role in helping him win in 2016, but since that time we have seen an unprecedented wave of censorship on the major social media platforms, and most of that censorship has been directed at conservative voices.  If President Trump doesn’t do something, it is hard to see how he will win in 2020, and of course that is precisely what the leftist executives at the big social media companies want.

Ultimately, it would take an act of Congress to do everything that needs to be done, but President Trump should be applauded for trying to do what he can on his own.  Apparently Politico was able to speak to three separate sources that are familiar with the drafting of this new executive order, and after speaking to all of them Politico came to the conclusion that the Trump administration is very serious about “wielding the federal government’s power against Silicon Valley”

The White House is circulating drafts of a proposed executive order that would address allegations of anti-conservative bias by social media companies, according to a White House official and two other people familiar with the matter — a month after President Donald Trump pledged to explore “all regulatory and legislative solutions” on the issue.

None of the three would describe the contents of the order, which one person cautioned has already taken many different forms and remains in flux. But its existence, and the deliberations surrounding it, are evidence that the administration is taking a serious look at wielding the federal government’s power against Silicon Valley.

It is not clear if such an executive order would hold up in court, and undoubtedly there will be legal challenges right away.  Of course those legal challenges will take a long time to play out, because we all know how quickly our legal system moves.

But for the short-term, what really matters is what effect this will have on the behavior of the big social media companies.  The goal should be to scare them into doing the right thing, and hopefully the wording of this executive order will be as forceful as possible.

Since some of these big tech companies have contracts with the federal government, in his executive order Trump could try to prohibit federal contractors from discriminating against customers based on their political views.  A similar approach has been attempted a couple of times before

One potential approach could involve using the government’s leverage over federal contractors, a tactic the Obama administration used to advance LGBT rights. A 2014 executive order prohibited federal contractors from discriminating against workers on the basis of sexual orientation or gender identity.

Trump earlier this year signed an executive order meant to promote free speech on college campuses by requiring schools to agree to promote free inquiry in order to receive federal research funding — something the schools were already supposed to do.

We’ll see what happens, but hopefully Trump can get this executive order issued quickly, because the 2020 election season has already begun.

Of course liberals are upset about this potential executive order, and many of them continue to insist that conservatives are not being specifically targeted by the social media companies.  For example, just check out this excerpt from a Vox article

As Recode and other outlets have reported, there has been no evidence to prove that companies such as Google and Twitter have anti-conservative bias baked into their products. Regardless, the president and Republican lawmakers have continued to make such claims, emboldened in part by a recent claim by a former Google engineer that he was fired for his conservative political views. (Google says the employee was fired for misusing company equipment; other reports indicate that he shared emails internally in which he defended white supremacist groups.)

Seriously?

Because of what I do, I have connections throughout the conservative media, and just about everyone I know has been censored, banned, shadowbanned or deplatformed in some way, shape or form.  Over the past two and a half years we have witnessed the greatest purge in the history of the Internet, and it has been absolutely brutal.

Some conservative voices are still able to use social media, but the heavy hand of censorship is always present.  For example, every time Dr. Michael Brown posts a video on YouTube, it is immediately “flagged as unsuitable for most advertisers”

To this moment, the instant one of my YouTube videos is posted—and I mean the very instant—it gets flagged as unsuitable for most advertisers, which we then have to contest by calling for a manual review. At that point, you genuinely have no idea what the reviewer will decide.

Of course other conservative voices have been targeted for elimination from social media altogether.  Mike Adams of Natural News is an incredibly genuine guy and one of the most articulate conservative voices on the entire Internet, and he has been deplatformed by just about every social media platform that exists

In response to a coordinated, heavily-funded smear campaign against Natural News and myself, the Health Ranger, Facebook has now permanently banned Natural News from posting content. The channel name that has been banned is Facebook.com/healthranger, which was our primary channel reaching over 2.5 million people.

This is on top of the permanent bans of Natural News content from Twitter, YouTube, Pinterest, Google News, Apple and other techno-fascists that now represent the greatest threat to human freedom the world has ever seen.

There is no reason why Mike Adams should have ever been banned by anyone.  I have had the opportunity to sit down with him in person, and he is someone that cares deeply for America and for those around him.  What the big social media companies have done to him is absolutely disgusting.

But of course he is far from alone.  One study found that since the 2016 presidential election, social media traffic to a group of some of the most conservative websites on the Internet was down by 93 percent.  You can find the full study right here, and it is definitely worth reading.

In the end, it is very simple.  The leftists that run the big social media companies hate what we believe, and they don’t want us to get the truth out.  The don’t believe in a free marketplace of ideas, because their ideas always lose.

So the only way that they can win is by shutting us up, and that is precisely what they have been attempting to do.

The social media giants built multi-billion dollar empires by giving everyone a voice, but now that they have such a dominant position on the Internet they have decided that many prominent conservative voices should be completely silenced.

They want to control what ideas people are exposed to, thus shaping the overall direction of the country as a whole.

If they are allowed to get away with it, they will greatly alter the political future of America far beyond the 2020 election.

Something needs to be done immediately, and so let us hope that President Trump gives this executive order some really strong teeth.

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

“Worst Year Ever”: The Chinese Ban On U.S. Agricultural Products Will Be A Death Blow For Countless U.S. Farms

U.S. farmers have never experienced a year quite like this.  During the first half of 2019, endless rain and unprecedented flooding were the major problems.  As a result of the incredibly wet conditions, millions of acres of prime farmland didn’t get planted at all, and tens of millions of other acres are going to yield a lot less than usual.  Even without anything else happening, we were going to see farm bankruptcies soar to absolutely crazy levels, but now the Chinese government is essentially cutting off U.S. agricultural imports.  This will greatly depress the prices that U.S. farmers get for their crops, and so many farmers that were still hoping to squeeze out a profit for this year will be hit with a loss instead.  Ultimately, the truth is that 2019 is going to be a death blow for countless U.S. farmers that were barely hanging on financially after a string of really tough years.  Many will leave the industry entirely and never go back to farming again, and our nation will be worse off because of it.

When the Chinese announced that they were going to completely stop buying U.S. agricultural products, it sent shockwaves across the middle portion of the country.  According to the executive vice president of the American Farm Bureau, our farmers and ranchers will now be facing “just a really tough, tough time”

“This is a body blow to farmers and ranchers all across the country,” Dale Moore, executive vice president of the American Farm Bureau, told FOX Business. “That’s one of the things that we are feeling the effects of, and this is on top of a year when mother nature has been a terrible business partner in many parts of the country. It’s just a really tough, tough time for farmers and ranchers in this country.”

Shares of industrial, farming, oil and transportation companies have plummeted, a direct result of the increased tensions between the world’s two largest economies.

Of course President Trump is trying to be upbeat and he is promising that the Chinese will not be able to hurt our farmers, but the truth is that they already have.

Chinese imports of U.S. agricultural products fell by more than half from 2017 to 2018, and now they are going to zero.  The following comes from Fox Business

Despite Trump’s tweet, American farmers now stand to lose all of what was a $9.1 billion market in 2018, which was down sharply from the $19.5 billion U.S. farmers exported to China in 2017.

Unfortunately for U.S. farmers, they are caught right in the middle of a tug of war between the Chinese government and President Trump, and China specifically went after U.S. farmers in order to hurt Trump politically

China’s new agricultural ban has an additional benefit to the Chinese of maximizing negative political impact to Trump.

Important presidential election swing states in the Midwest grain belt such as Iowa and Wisconsin were vital to his 2016 election victory. Cutting this particular area of bilateral trade at a time when American farmers are recovering from the after-effects of this year’s floods is a potent way for Beijing to punch back against President Trump’s new tariffs.

If the presidential election was held this November, it would be really difficult for Trump to win in Iowa in Wisconsin.  Of course much can change between now and November 2020, but right now Trump is definitely losing support in the middle of the country.

Speaking of Wisconsin, it just happens to be one of the states that currently has the highest number of farm bankruptcy filings

Since last June, there have been a staggering 535 Chapter 12 bankruptcy filings, a 13 percent increase. Kansas, Minnesota and Wisconsin had the highest number of filings.

As a result, Congress passed the Family Farmer Relief Act to update the eligibility requirements for Chapter 12 bankruptcy, raising the debt limit from $4.1 million to $10 million — giving more farmers the chance to declare bankruptcy, thereby offering their producers and creditors a better chance to recognize and avoid mass liquidation.

President Trump will try to keep as many farms going as possible with his massive aid packages, but the truth is that even with those aid packages it is inevitable that farm bankruptcies will continue to surge.

In fact, they are already at the highest level that we have seen since the last recession.

What U.S. farmers really need is an end to the trade war and for the Chinese to start buying from them again.

Sadly, that is just not going to happen.  At this point, even Goldman Sachs is admitting that there will not be a trade deal with China before the 2020 presidential election…

Analysts at Goldman Sachs no longer think the U.S. and China will manage to negotiate a trade deal ahead of the 2020 presidential election — which is more than 15 months away.

“We had expected a final round of tariffs targeting remaining Chinese imports at a 10 percent rate,” the analysts, led by chief U.S. economist Jan Hatzius, wrote in a note to clients. “But news since President Trump’s tariff announcement last Thursday indicates that U.S. and Chinese policymakers are taking a harder line, and we no longer expect a trade deal before the 2020 election.”

This means that things will continue to go from bad to worse for U.S. farmers, and this will take a major toll on the U.S. economy as a whole.

We have entered the time of “the perfect storm”, and things are definitely not going to get any easier in the months ahead.

I wish that I had better news for you, but I don’t.  Global events are starting to greatly accelerate, and so many of the things that we have been warned about are starting to happen right in front of our eyes.

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

$1,400,000,000,000 Gone In Less Than A Week – Stock Market In Turmoil As The Trade War Dramatically Escalates

Our trade war with China has begun to spiral out of control, and as a result global financial markets have been thrown into a state of turmoil.  On Monday, the Dow Jones Industrial Average fell 767 points, and that represented the sixth-largest single day stock market decline in all of U.S. history.  To put that into perspective, the biggest single day decline during the financial crisis of 2008 was just 777 points.  So what we witnessed on Monday was definitely very serious.  And the Nasdaq just got absolutely monkey-hammered as well.  On a percentage basis, it was down even more than the Dow was, and it has now fallen for six days in a row.  We have not seen a losing streak that long for the Nasdaq since President Trump was elected, and some analysts are convinced that even more chaos is on the way.

Overall, 1.4 trillion dollars in stock market wealth has been completely wiped out in less than a week

It took just four brutal trading days for a $1.4 trillion wipeout in the S&P 500 stock value. From the Federal Reserve’s disappointing comments on the future of interest rates to President Donald Trump’s surprise tariffs to China’s weaponizing of the yuan, the record-long bull market took a big hit in a relatively short time.

European stocks have been getting clobbered as well.  In fact, they just experienced their largest two day decline in three years.

After Trump imposed another wave of tariffs on China at the end of last week, we knew that the Chinese would retaliate.  But we expected that the retaliation would be at least somewhat proportional.

Instead, they decided to bring down the hammer.

When Chris Krueger was asked about China’s retaliation, he said that “on a scale of 1-10, it’s an 11”.  The Chinese have announced that they are going to completely stop buying U.S. agricultural products, and they shocked global financial markets when they allowed the yuan to drop like a rock early on Monday.  In response, the U.S. Treasury Department formally designated China as a “currency manipulator”, and it appears that any hopes for a trade deal between the United States and China before the 2020 presidential election are completely and utterly dead.  For an extended analysis of these events, please see the article that I just posted entitled “China Just Went Nuclear In The Trade War, And There Is No Turning Back Now”.

All along, most investors seemed to believe that all of the angry talk would eventually fade and that the U.S. and China would be able to work things out.

But that didn’t happen, and now we have crossed the point of no return.  Financial markets are finally starting to realize that this trade war is going to have very, very serious implications for major U.S. corporations, and this will especially be true for our largest tech companies.

Over the past two trading days, the big five tech companies have combined to lose 228 billion dollars in market value…

Tech’s big five companies lost $66 billion in market value on Friday, and Monday’s plunge brought the two-day drop to $228 billion. Apple had the biggest percentage decline, falling 5.2%. Apple told U.S. Trade Representative Robert Lighthizer in June that the latest proposed tariffs would hit “all of Apple’s major products.” Some analysts are projecting a significant impact.

Meanwhile, by the way, the price of gold has been soaring.

As I have repeatedly argued, something definitely needed to be done about China, but trying to bully them into making a deal was never, ever going to work.

They are a very proud people, and once we started repeatedly pushing them extremely hard, it was just a matter of time before they started pushing back

“Your back is put against the wall and you’re constantly being attacked. Pride starts to kick in, and it’s not surprising China has started to assert some of its force,” said Greg Peters, head of multi sector and strategy at PGIM Fixed Income. “I’m not sure what that means in real terms. It’s not different than any other life situations. You push someone hard enough and they start pushing back. … I never thought it was a good idea to act like it’s a scorched earth policy – I win, you lose. I continue to think that was never viable for the Chinese.”

Being aggressive can be an effective negotiating tool, but if you push too hard and too fast you run the risk of completely alienating the other party.

That appears to be what has happened in this case, and now all hopes for a trade deal are completely dead.  As Bonnie Glaser has noted, the “potential for compromise has past”…

“The timing couldn’t be worse,” said Bonnie Glaser, director of the China Power Project at the Center for Strategic and International Studies in Washington. “The potential for compromise has past. Both sides are digging in and both leaders are first and foremost concerned about their domestic audiences. Politics is in the lead.”

Hopefully the markets will bounce back on Tuesday.  After being down quite a bit earlier, Dow Jones Industrial Average futures are trading slightly higher as I write this article.

However, the truth is that this crisis isn’t going away.  There isn’t going to be a trade deal with China, and that is going to mean a tremendous amount of pain for the global economy.

When a financial bubble pops, usually there is some sort of trigger that causes it to happen.  In 2008, it was the subprime mortgage meltdown.  This time around, it looks like the trigger could be our trade war with China.

As I noted a few days ago, our financial markets are more primed for a crash than they have ever been before.  And we are moving into the season when big crashes tend to happen.

Things have not looked this ominous since 2008, and a lot of investors are starting to get very nervous.

We shall see how the rest of this year plays out, but right now events certainly seem to be moving in a very alarming direction.

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

America Is Not Going To Be A Free And Open Society Any Longer

Whenever a tragic act of violence makes national headlines, the calls to give up more of our freedoms and liberties in exchange for the promise of increased security become deafening.  But if we take another step toward becoming an authoritarian society every time something horrible happens, eventually we won’t have any of the basic liberties and freedoms that previous generations of Americans fought so hard to secure for us.  Unfortunately, voices like mine are becoming increasingly rare, and the American people seem to want a society that will shelter them from anything that could possibly go wrong.  Of course there has never been such a society in all of human history, and we won’t be able to create one either.  No governmental system can eliminate the problem of evil, and bad things sometimes happen to good people.  And without a doubt, the mass shootings that we witnessed over the weekend were absolutely horrific.  In less than 24 hours, 29 American lives were lost between these two mass shootings, and this has greatly shaken the entire nation

On Sunday, Americans woke up to news of a shooting rampage in an entertainment district in Dayton, Ohio, where a man wearing body armor shot and killed nine people, including his own sister. Hours earlier, a 21-year-old with a rifle entered a Walmart in El Paso and killed 20 people.

In a country that has become nearly numb to men with guns opening fire in schools, at concerts and in churches, the back-to-back bursts of gun violence in less than 24 hours were enough to leave the public stunned and shaken.

Sadly, these are not isolated incidents.  As our society has become less moral, we have seen an escalation of violence all over the country.

According to USA Today, so far in 2019 there have been more mass shootings than days in the year…

As gunfire ripped through America in an unprecedented 24 hours, a bleak milestone in a nation pocked by gun violence was marked: There have been 251 mass shootings in 2019, according to the Gun Violence Archive.

shooting spree early Sunday at an entertainment district in Dayton, Ohio – which left at least nine dead and more than two dozen injured – notched an even darker statistic: It occurred on the 216th day of the year, meaning there have been more mass shootings than days so far this year.

As I have been warning for years, the thin veneer of civilization that we all take for granted is steadily disappearing.

At one time, you could walk down the streets in most communities in America without worrying that someone would suddenly gun you down, but that is no longer a safe assumption.

And in some areas, things are getting really, really bad.  Just check out what happened in Chicago over the weekend

In Chicago at least three people have been killed and 37 more injured since Friday evening in shootings within city limits, including 22 people shot Sunday in less than four hours, the Chicago Sun-Times reported.

In particular, a mass shooting that took place near a children’s playground was particularly tragic

As The Epoch Times’ Jack Phillips reports, at least seven people were shot and wounded on Aug. 4 as they gathered near a children’s playground on Chicago’s West Side. The people gathered at 1:20 a.m. as they stood in the park on the 2900 West Roosevelt Road when a person opened fire from a black Chevy Camaro, said Chicago Police.

So why didn’t this mass shooting get the same kind of coverage that the other mass shootings received?

Could it be that it is because it didn’t neatly fit the agenda that the mainstream media is trying to promote?

The city of Baltimore is another major American city where violence is completely and utterly out of control.  In fact, there is only one nation on the entire planet that has a higher homicide rate than Baltimore

Only one country in the world has a higher per capita homicide rate than the city of Baltimore.

According to WorldAtlas, the murder capital of the globe is Honduras — where there are 90.4 homicides per 100,000 people.

Baltimore, with 56 homicides per 100,000 people, edges out the number two spot ahead of Venezuela, where there are 53.7 homicides per 100,000 people.

As the violence across our country continues to escalate, the calls to restrict our 2nd Amendment rights are going to become overwhelming.

But taking away our 2nd Amendment rights is not going to solve the problem.  Instead, it will just take the guns out of the hands of law-abiding citizens.

The truth is that the El Paso shooter picked a gun-free zone for a reason.  When they know that their targets will be sitting ducks, that just makes things even easier for the mass shooters.

And the bad guys will always find ways to get guns.  Just look at the city of Chicago – they have some of the harshest gun laws in the entire nation, but they also lead the country in gun deaths.

Unfortunately, logic doesn’t tend to work with those that love authoritarianism.  Whenever something happens, they want the government to do “something”, and that “something” almost always involves eroding our most basic rights.

I wish that it wasn’t true, but this is where our country is heading.  Americans have been trained to believe that the government should take care of them from the cradle to the grave and should do all that it can to shield them from everything bad that can possibly happen in life.

Sadly, every time such a totalitarian “utopia” has been attempted throughout human history, it has always ended very badly, and that will be the case here as well.

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

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