What Is “The Great Reset”?

The Internet sure has been buzzing about “the Great Reset” lately.  That term has been trending on Facebook and Twitter, and the New York Times even published an article dismissing it as a “conspiracy theory”.  But it is definitely no conspiracy theory.  I was determined to get to the bottom of this whole thing, and I am going to share the facts that the New York Times either could not find or refused to share.  It turns out that “the Great Reset” is actually an initiative that was started by the World Economic Forum that is designed to get “global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis”.  The following comes directly from the official website of the World Economic Forum

There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis. To improve the state of the world, the World Economic Forum is starting The Great Reset initiative.

So the New York Times put out fake news when they told all of us that “the Great Reset” is just a “conspiracy theory”, and they owe all of us a major apology.

According to the World Economic Forum, “the Great Reset” is a “unique window of opportunity” for global leaders to shape “the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons”…

As we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those determining the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons. Drawing from the vision and vast expertise of the leaders engaged across the Forum’s communities, the Great Reset initiative has a set of dimensions to build a new social contract that honours the dignity of every human being.

In other words, “the Great Reset” is essentially just an updated blueprint for a New World Order.

The man behind “the Great Reset” is named Klaus Schwab.  He is the founder and executive chairman of the World Economic Forum, and elsewhere on the official site of the WEF there is an article by Schwab entitled “Now is the time for a ‘great reset'”.  The following is an excerpt from that article…

To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism.

He is very open about the fact that he wants to “revamp all aspects of our societies and economies”.  That means that all aspects of human activity would fall under his plan.

But in particular, he very much wants a “Great Reset” of capitalism.

That definitely sets off alarm bells.  When people start talking about dramatic changes to capitalism, usually what they mean is that we should move even more in the direction of socialism.

According to Schwab, there are three main components to “the Great Reset”.  The first involves reforming our economic systems so that they will “promote more equitable outcomes”

Moreover, governments should implement long-overdue reforms that promote more equitable outcomes. Depending on the country, these may include changes to wealth taxes, the withdrawal of fossil-fuel subsidies, and new rules governing intellectual property, trade, and competition.

Unfortunately, I think that he means the exact same thing that Alexandria Ocasio-Cortez means when she talks about “more equitable outcomes”.

Secondly, Schwab says that one of the main components of “the Great Reset” would involve massive government investments in “green” urban infrastructure and other similar projects

The second component of a Great Reset agenda would ensure that investments advance shared goals, such as equality and sustainability. Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress. The European Commission, for one, has unveiled plans for a €750 billion ($826 billion) recovery fund. The US, China, and Japan also have ambitious economic-stimulus plans.

Rather than using these funds, as well as investments from private entities and pension funds, to fill cracks in the old system, we should use them to create a new one that is more resilient, equitable, and sustainable in the long run. This means, for example, building “green” urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics.

Doesn’t that sound a whole lot like the “Green New Deal” that many on the left have been pushing here in the United States?

Thirdly, Schwab envisions applying the “innovations” that we have witnessed during the COVID pandemic as a model for “every sector” of society…

The third and final priority of a Great Reset agenda is to harness the innovations of the Fourth Industrial Revolution to support the public good, especially by addressing health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections; and deliver telemedicine. Imagine what could be possible if similar concerted efforts were made in every sector.

In other words, Schwab thinks that the global response to the COVID pandemic can be a blueprint for governing every area of our lives moving forward.

Doesn’t that sound just wonderful?

Of course in order for the globalists to get the United States on board with this “Great Reset”, they will need to get Donald Trump out of the way first, and they think that they are very close to achieving that goal.

The globalists envision a “sustainable” future in which all forms of human activity are very closely monitored and controlled for “the good of the planet”.  They are entirely convinced that a global system in which all the nations of the world are increasingly integrated is what is best for humanity, but those of us that are resisting the globalists understand that a one world system will inevitably evolve into a complete and utter global nightmare.

Globalist publications such as the New York Times will continue to try to convince all of us that plans such as “the Great Reset” do not even exist, even as globalist organizations such as the World Economic Forum are publicly announcing their plans right out in the open.

In times like these, it is absolutely imperative to think for yourself, because deception is everywhere and those that tell the truth are often greatly ridiculed.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse 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.  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 FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Panic And Desperation Sweep Across America As Fears Of A “Dark Winter” Continue To Rise

Do you remember earlier this year when consumers were feverishly hoarding toilet paper and we were seeing colossal lines at food banks all over the nation during the initial stages of the COVID pandemic?  Well, it is happening again.  Now that the vote on November 3rd is behind us, the pandemic has once again become the primary focus of the mainstream media, and a lot of people are completely freaking out.  Just like earlier this year, store shelves across the country are being emptied because Americans don’t want to be stuck at home without enough toilet paper and hand sanitizer.  Each new restriction that gets announced adds to the frenzy, and it has gotten to the point where new restrictions are literally being announced around the nation on a daily basis now.  And if the case numbers that we are being given continue to rise, it is inevitable that this new wave of lockdowns will get even tighter.

Over the last several months, Joe Biden has repeatedly told us that we have a “dark winter” ahead.  Here is just one example

“There is a need for bold action to fight this pandemic,” Biden said in Delaware. “We’re still facing a very dark winter.”

Biden, whose campaign against President Donald Trump made the coronavirus a main focus, pledged to “spare no effort to turn this pandemic around once we’re sworn in on Jan. 20.”

Technically, winter doesn’t start until a little over a month from now, but the panic shopping has already begun.

In California, supplies of toilet paper are being voraciously gobbled up by fearful consumers…

Shoppers in Temecula had already emptied the paper and cleaning aisle in a local Walmart by Wednesday morning. Other storefronts, such as Trader Joes in the Silverlake neighborhood of Los Angeles and Ralphs on West 9th Street, were simply running low on such supplies.

A worker at a Costco in Los Angeles, who wished to remain anonymous, said the store was selling out of toilet paper every day, among other supplies, but also said that this could be attributed to the Thanksgiving holiday coming up next week.

Similar panic buying appears to be happening over in Spokane, Washington

In a tweet on Sunday afternoon, KREM photojournalist Roger Hatcher said Target in Spokane Valley was “pretty quiet” but its toilet paper shelves were bare.

In fact, shortages are being reported all over the nation at this point.

I don’t know why there is such a focus on toilet paper.  To me, having enough food to eat for an extended period of time is much more of a priority, but when people get fearful they don’t necessarily think rationally.

And certainly there is a bit of psychology to all of this.  When people are told that there is a “shortage” of something, many of them inevitably feel motivated to run out and buy some too while they still can.  The panic buying has reached such a frenzy that many large chains are once again starting to put purchase limits on certain items.  The following comes from CNN

At Kroger (KR), customers can purchase a maximum of two items when it comes to products like bath tissue, paper towels, disinfecting wipes and hand soap. Giant, a grocery chain in the Northeast, recently put a limit of one on purchases of larger toilet paper and paper towel sizes and four on smaller toilet paper and paper towel sizes.

H-E-B in Texas has implemented similar policies in recent weeks. Some H-E-B stores have instituted limits of two on purchases of disinfecting and antibacterial sprays, while other stores have limited toilet paper and paper towels to two.

This is just one of the reasons why I have always encouraged my readers to get prepared in advance.

If you have a large family, how long is two packages of toilet paper going to last you?

You could try to stretch out your supplies by limiting family members to a certain number of squares per defecation, but you will still run out very quickly.

When you try to prepare for any emergency at the last minute, you are almost certainly going to fall short.  One or two trips to the grocery store is not going to cut it, and anyone that thinks otherwise is simply being delusional.

Meanwhile, the decline in economic activity around the nation that is being caused by this new round of lockdowns is creating a renewed surge in economic desperation.

Just the other day I wrote about how some people were waiting in line for up to 12 hours to get handouts from a food bank in Texas, and on Wednesday it was being reported that “hundreds of cars” were lined up to get food in Miami…

Huge lines have been forming at a Florida food bank ahead of Thanksgiving and as the coronavirus pandemic worsened across the United States.

Hundreds of cars were spotted queuing for food boxes at Miami’s Gwen Cherry Park on Wednesday.

The boxes were being distributed by the Miami Marlins Foundation amid the ongoing COVID-19 pandemic that has forced thousands of Floridians out of work.

Sadly, the truth is that this is happening all over the nation, and this new round of lockdowns will continue to make things even worse as we head into 2021.

In so many instances, the people waiting in line at these food banks are wearing very nice clothes and are driving very nice vehicles.  This severe economic downturn has come upon them very “suddenly”, but those that have been reading my books were warned in advance that this exact scenario was coming.

Even if this pandemic disappeared tomorrow, I would still believe that we have a “very dark winter” in front of us.  If you have not prepared for the extremely challenging times that lie ahead, I would very strongly urge you to do so.

So far this year we have been hit by one major crisis after another, and the “perfect storm” that started in 2020 is only going to intensify during the coming months.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse 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.  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 FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Our COVID Police State Wants To Take Thanksgiving And Christmas Away From You Too

Haven’t they taken enough away from us already?  The deeply oppressive lockdowns that were instituted earlier this year plunged us into the worst economic downturn since the Great Depression of the 1930s, caused the cancellation of thousands upon thousands of important events, and sent the suicide rate absolutely skyrocketing.  Once those lockdowns were lifted the American people were greatly relieved, but now our COVID police state is back for more.  As I have been documenting over the last several days, new lockdowns are being instituted all over the country right now, and even our most cherished holidays are being targeted.

Let me start by discussing an interview that CNN’s Jake Tapper just conducted with Anthony Fauci.  Most Americans had assumed that once a vaccine was widely distributed that we wouldn’t need masks or social distancing anymore.

Well, according to Fauci that is not the case at all

Jake Tapper said, “Once somebody has been immunized … Once the process is complete, does that mean they can take off their mask, don’t have to social distance, and go about their lives as before?”

Fauci said, “I would recommend that is not the case. I would recommend you have an added area of protection. Obviously, with 90 plus percent effective vaccine, you could feel much more confident, but I would recommend to people to not abandon all public health measures just because you’ve been vaccinated.”

As I have repeatedly warned my readers, they intend to change the way that we live permanently.

During that same interview, they were discussing a timeline for vaccine distribution, and Tapper blurted this out: “Christmas is probably not gonna be possible.”

In other words, Americans should not plan to have a normal Christmas this year because we are going to be expected to stay home, wear masks and keep members of our extended family away.

Of course Thanksgiving is a lot closer than Christmas, and our COVID overlords are telling us that we can’t have a normal Thanksgiving either.  For example, this is what the head of the CDC is saying

U.S. Centers for Disease Control and Prevention Director Robert Redfield held a call with the nation’s governors on Tuesday. CNN obtained audio of the chat, in which Redfield said: “What we’re seeing as the increasing threat right now is actually acquisition of infection through small household gatherings… Particularly with Thanksgiving coming up, we think it’s really important to stress the vigilance of these continued mitigation steps in the household setting.”

Needless to say, many of our top politicians are going to fall right in line with the directives that our “health authorities” have issued.  For example, Chicago Mayor Lori Lightfoot has issued new restrictions for the city of Chicago which begin on Monday

The order, which begins Monday, extends through Thanksgiving festivities. Residents are “strongly advised” to not have guests in their homes outside of essential workers — even family and close friends.

“Chicago has reached a critical point in the second surge of COVID-19, demanding that we undertake this multi-faceted and comprehensive effort to stop the virus in its tracks,” said Mayor Lori Lightfoot in the release.

At least Lightfoot’s order is not as draconian as the mandate that California Governor Gavin Newsom has ordered all Californians to follow this Thanksgiving.

If you can believe it, Newsom has decided to limit Thanksgiving to a two hour “outdoor event”

Celebrities have taken to social media to slam California Governor Gavin Newsom’s ‘ridiculously unenforceable’ Thanksgiving crackdown that bans singing and shouting and limits the holiday to a two-hour outdoor event.

‘If my Aunt comes over, can I throw her a slice of turkey from the window?’ mocked actor Rob Schneider as he blasted the ‘Emperor Newsom’.

The good news is that the American people are sick and tired of having their rights taken away and are starting to push back against absurd restrictions such as these.

The bad news is that the new lockdowns that are being instituted all over the U.S. will inevitably crash our economy again.

If they last long enough, some industries may be almost entirely destroyed.  For example, even before these new lockdowns we were being told that it would be a miracle if half of the hotels in New York City survive this pandemic

According to Vijay Dandapani, chief executive of the Hotel Association of New York City, if half the city’s 640 hotels survive it will be a “great” outcome. While occupancy rates have recovered from their worst point in April where occupancy was down more than 60% year on year, they remain 20% lower than for the same month in 2019, a level which means much of the debt backing the properties will be impaired (i.e., default). Should New York impose a new round of draconian lockdowns, it will only get worse.

But of course there are some businesses that are booming during this time.

For instance, psychologists and therapists are extremely busy treating those that are “feeling lonely and depressed”

Business is booming for Maria Mir. Under normal circumstances, she takes little time off in November and December; the holidays are her busy season. But this is 2020. Nothing is normal. And everyone seems to need her at once.

Mir is a licensed marriage and family therapist. She’s used to patients feeling lonely and depressed as Thanksgiving and Christmas near. But “this particular time is different,” she says. “Even people who haven’t felt lonely in the past are now feeling that isolation.”

This is yet another example that shows that elections really matter.

For years, the American people have been voting for psychotic control freaks all over the nation, and so now we shouldn’t be surprised that they are actually acting like psychotic control freaks during a major crisis.

We are being told that this is going to be a very “dark winter”, and just like we witnessed earlier this year many Americans are feverishly stocking up on food and other basic goods…

Concerns that rising cases will encourage people to buy in bulk and stock up on basic goods has prompted major grocery chains to take pre-emptive action and limit purchases.

Kroger, the largest grocery chain in the U.S., has imposed purchase limits on essential goods like bath tissue, paper towels, disinfecting wipes and hand soap, according to Fox Business.

If you have not done so already, I would very much encourage you to get stocked up as well.

These are such uncertain times, and I have a feeling that things are going to get even crazier in the weeks ahead.

If the case numbers keep rising, the restrictions placed upon us are just going to become even more cumbersome, and it definitely appears that we are in for a very rough start in 2021.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse 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.  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 FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Even stricter COVID lockdowns are coming, and they are going to be extremely devastating for the U.S. economy

Are you ready for another nightmare?  Earlier this year, the COVID lockdowns that were instituted all over the nation resulted in the worst economic downturn since the Great Depression of the 1930s and forced more than 60 million Americans to file claims for unemployment benefits.  After seeing how well that first round of lockdowns worked, one of the “scientists” that will be telling Joe Biden what to do about this pandemic wants to do it again.  Yes, you read that correctly.  During an interview with Yahoo Finance, Dr. Michael Osterholm said that what we really need to do to get this pandemic under control is to lock the entire country down for four to six weeks

Shutting down businesses and paying people for lost wages for four to six weeks could help keep the coronavirus pandemic in check and get the economy on track until a vaccine is approved and distributed, said Dr. Michael Osterholm, a coronavirus advisor to President-elect Joe Biden.

And Osterholm isn’t talking about doing “soft lockdowns” like we saw in many states earlier this year.

In an article that he co-authored in the New York Times, he argued that lockdowns need to be “as comprehensive and strict as possible”

“The problem with the March-to-May lockdown was that it was not uniformly stringent across the country. For example, Minnesota deemed 78 percent of its workers essential,” they wrote in the New York Times. “To be effective, the lockdown has to be as comprehensive and strict as possible.”

Basically, Osterholm wants Australia-style lockdowns all over the United States for at least a month and probably longer.

Doesn’t that sound fun?

On Election Day, the American people had a choice between a pro-lockdown presidential candidate and an anti-lockdown presidential candidate, and approximately 80 million of us voted for the pro-lockdown guy.

So it looks like that is precisely what we are going to get.

During the campaign, Joe Biden pledged to “follow the science”, and Osterholm is going to be one of the “scientists” that will be on his COVID-19 advisory board

Osterholm was appointed to Biden’s 12-member Covid “advisory board” on Monday. The panel of advisors is co-chaired by former Surgeon General Vivek Murthy, former Food and Drug Administration Commissioner David Kessler and Dr. Marcella Nunez-Smith of Yale University. Other task force members include Dr. Atul Gawande, a professor of surgery and health policy at Harvard, and Dr. Rick Bright, the vaccine expert and whistleblower who resigned his post with the Trump administration last month.

The good news is that these psychos will not be running things until early January at the earliest.

The bad news is that governors around the country are already instituting a new round of lockdowns.  For example, New York Governor Andrew Cuomo announced new restrictions for New York on Wednesday

Governor Andrew Cuomo announced new lockdown and social distancing restrictions for New York on Wednesday as coronavirus numbers in the state continue to trend upward.

Under the new statewide restrictions, all bars and restaurants with state liquor licenses as well as gyms must close at 10p.m., starting on Friday. Cuomo called such locations “main spreaders” of the coronavirus. Indoor gatherings at private residences across the state must also be capped at ten people.

And Ohio Governor Mike DeWine is saying that his state may soon impose new restrictions on “bars, restaurants and fitness centers”

As coronavirus cases continue to skyrocket in Ohio, Gov. Mike DeWine threatened to order bars, restaurants and fitness centers closed in one week if newly confirmed cases continue to increase.

Of course this is just the beginning.

If the number of daily cases continues to soar, we could start seeing draconian lockdowns all over America even before we get to Inauguration Day.

In other words, get ready to spend a lot of time at home this holiday season, because you might not have any other choice.

To me, it is unthinkable that anyone would even want to consider locking down the country again.  The first wave of lockdowns absolutely crippled our economy and caused a record-setting tsunami of job losses that we still have not recovered from.  In fact, John Williams of shadowstats.com says that if honest numbers were being used the current rate of unemployment in the United States would be 26.3 percent.

Apparently that is not enough.

So what are we going to shoot for this time?

30 percent?

40 percent?

And what happens if we lock down the entire country for six weeks and then another massive wave of the pandemic comes along just six months later?

Are we going to keep locking down the U.S. over and over again?

At this moment, our economy is on exceedingly shaky ground and more layoffs are being announced on a daily basis.

For instance, Exxon has announced that they will be laying off 14,000 workers and Disney has announced that they will be laying off “thousands” more workers in addition to the huge wave of layoffs that they announced earlier this year.

Overall, more than 60 million Americans have already been forced to file for unemployment during this pandemic, and every single one of those individuals has a story to tell.

One of those displaced workers is a woman named Michelle Kulaski, and prior to the pandemic she was already living paycheck to paycheck.  Now that she has lost her job, she finds herself on the verge of having to “live in her car with her two cats”

Desperate for cash, Kulaski sold much of her furniture, including the bed her children sleep in when they visit and her grandparents’ desk. In all, she made around $300.

Still, Kulaski has fallen behind on her $755 rent and her landlord has moved to evict her.

If she has to leave her apartment, she said she’d probably live in her car with her two cats.

Now sickos like Osterholm want to destroy even more lives, and if Joe Biden ends up in the White House they will almost certainly get their way.

We are already in the midst of a horrifying economic depression, and a new wave of lockdowns would make things far worse.

These are such troubled times, and many believe that the difficulties that we have experienced in 2020 are just a warm up act for what is coming in 2021.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse 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.  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.

Economic Nightmare: Nearly 50 Percent Of All The Jobs Lost During The COVID-19 Pandemic “May Be Gone Permanently”

When millions of Americans were losing their jobs at the beginning of this pandemic, we were told not to worry because the lockdowns were just temporary and virtually all of those workers would be going back to their old jobs once the lockdowns ended.  Well, now we are finding out that was not even close to true.  Over the last 18 weeks, more than 52 million Americans have filed new claims for unemployment benefits, and a very large percentage of them are dealing with a permanent job loss.  In fact, one brand new survey discovered that 47 percent of all unemployed workers now believe that their “job loss is likely to be permanent”.  The following comes from a USA Today article entitled “Almost half of all jobs lost during pandemic may be gone permanently”

In April, 78% of those in households experiencing job loss felt that that situation would be temporarily. But now, 47% think that job loss is likely to be permanent, according to The Associated Press-NORC Center for Public Affairs Research.

What that number tells us is that we are facing the worst employment crisis since the Great Depression of the 1930s.

All of those permanently unemployed workers are eventually going to need new jobs, but meanwhile the U.S. economy as a whole is in a free fall that is absolutely stunning.  On Thursday, we are scheduled to get the GDP number for the second quarter, and everyone is expecting that it will be really bad

Data due Thursday are forecast to show U.S. gross domestic product plummeted an annualized 34.8% in the second quarter, the most in records dating back to the 1940s, after the spread of Covid-19 prompted Americans to stay home and states to order widespread lockdowns.

This downturn has been particularly hard on small businesses.  Just check out these numbers

• Yelp reported 71,500 businesses that were listed on their site have closed for good since March 1.

• 80% of independent restaurants aren’t sure they’ll survive the COVID-19 pandemic.

• Nearly half of all small-business members of the San Francisco Chamber of Commerce lost 100% of their sales or closed down completely.

What a nightmare.

But the third quarter was when the U.S. economy was supposed to come roaring back to life.

We were told that it would be the greatest economic comeback in our history, but instead the numbers are telling us that the economy is actually starting to slow down once again.

In fact, U.S. consumer confidence in July is much lower than it was in June…

U.S. CONSUMER confidence fell in July to a reading of 92.6 as coronavirus cases surged around the country, shuttering some bars and other businesses and raising concerns about the future of the economy.

The Conference Board reported Tuesday that the index fell in July from a reading of 98.3 in June. The drop is more significant than economists predicted, and is due mainly to a decrease in consumers’ economic expectations for the short-term future.

In addition, we just witnessed the largest decline in wholesale inventories since the peak of the last financial crisis

June was supposed to be the month of second-derivative beats in economic data, reaffirming the manic bid in stocks. For Wholesale Inventories it was not.

Against expectations of a rebound from a 1.2% drop in May to a 0.5% drop in June, wholesale inventories actually tumbled 2.0% MoM, the worst since the peak of the great financial crisis…

So it doesn’t look like any sort of a “recovery” is happening.

Instead, it appears that we are sliding into the next chapter of this new economic depression.

In June, 19 percent of all U.S. small businesses were closed, but now that number is up to 24.5 percent.

That certainly isn’t progress.

With each passing day, more companies are announcing layoffs.  And every worker that gets laid off is another American that doesn’t have a paycheck to spend.  During the last recession, millions of Americans slid out of the middle class, and we are watching it happen again.

Our elected leaders in Washington are desperate to do something about this, and almost all of them seem to agree that more socialist programs are the answer.  A fifth “stimulus bill” is being put together, and the Urban Institute is warning that if Congress does not hurry we could see the poverty rate in this country rise substantially

Millions more Americans will be thrown into poverty if Congress fails to enact three policies meant to help families get through economic hardships related to the pandemic, according to a new study by the Urban Institute.

The report finds that the poverty rate for the last five months of 2020 will rise to 11.9% if expanded unemployment-insurance benefits, a second round of stimulus checks, and increased SNAP allotments are not approved, a significant increase over the projected annual rate of 8.9%.

If the Urban Institute thinks that an 11.9 percent poverty rate is bad, just wait until they see what things will be like in this country a few years from now.

Our entire system is in the process of melting down, but it will take some time for the drama that we are watching to fully play out.  Our leaders in Washington and the bureaucrats over at the Federal Reserve will keep flooding the system with money in a misguided attempt to fix things, and this will result in exceedingly painful inflation.

The cost of everything (including essentials such as food) will be going way up, and that means that your money will increasingly become less and less valuable.

If you could print your way to prosperity, Venezuela and Zimbabwe would be the wealthiest nations on the entire planet today.

At this point, almost everyone in Venezuela is a “millionaire”, but almost everyone is also living in extreme poverty.

History has shown that wildly printing money doesn’t work, but the U.S. is going down the exact same path, and it isn’t going to be pretty.

Even though things are quite crazy out there right now, this is our window of opportunity to get prepared for the troubled times that are ahead, because things are not going to be getting any easier from here on out.

*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.

When It Comes To Economic Suffering, Some Parts Of The U.S. Are Feeling It Far More Than Others

2020 has been a very tough year for the U.S. as a whole, but some portions of the country have been hit much harder than others.  For example, if you live in a rural area that hasn’t seen any civil unrest and that hasn’t been hit very hard by the COVID-19 pandemic, the way that you are living your life now may seem nearly unchanged from the way you were living your life in 2019.  But if you live in an urban area that has experienced endless protests and rioting and that has seen COVID-19 sweep through local neighborhoods like wildfire, your life in 2020 may look radically different from the way it looked in 2019.  Unfortunately, conditions in our largest cities are not likely to improve dramatically any time soon.

But many people that live in rural communities are feeling pretty good about things right now.  Even though more than 52 million Americans have filed new claims for unemployment benefits over the last 18 weeks, the official unemployment rate in many rural counties is still in the single digits.

I know that may be difficult to believe, but that is what the numbers tell us.

Sadly, in many of our largest cities it is a completely different story.  New York City was one of the early epicenters of the COVID-19 pandemic in the United States, and many of us will never forget watching video footage of the looting that took place in the heart of Manhattan earlier this year.  As a result of all of this chaos, the unemployment rate in the state as a whole is nearly twice the national average

New York’s unemployment rate rose to 20.4% last month, according to state-level data issued Friday by the Bureau of Labor Statistics that detailed figures for some large metro areas. That’s up from 18.3% in May and 15% in April.

We see a very similar story when we look at the city of Los Angeles.

Thanks to COVID-19 and endless civil unrest, the official unemployment rate in the city is hovering near 20 percent

Los Angeles, the second-largest U.S. city, has seen a similar level of joblessness.

Its unemployment rate recovered slightly in June but remains startlingly high — at 19.5%, versus 20.6% in May, according to data published Friday by California’s Employment Development Department.

Unfortunately, it appears that the COVID-19 pandemic and the violence in our major cities are both going to be with us for the foreseeable future.

Some people think that the civil unrest will disappear if Joe Biden wins in November, but I do not believe that is the case.  Nearly all of the major cities where the violence is happening are controlled by radical Democrats, and those radical Democrats have been completely unable to control the riots.  To the protesters, Republicans and Democrats are both two sides of the same coin and are both responsible for the injustices in our society, and they are not going to give up on their goals just because a moderate Democrat like Joe Biden wins the election.

At this point, millions upon millions of Americans are sticking closer to home these days because of COVID-19 and all the unrest, and this has been particularly devastating for the leisure and hospitality industries

The unemployment rate in the leisure and hospitality industries, including restaurants, soared from 5.7% in February to 39.3% in April, and in June was still at an unprecedented 28.9%. By comparison, the overall unemployment rate is 11.1%, and no other industry comes close to restaurants’ level.

The restaurant industry employed nearly 9.2 million people in June, almost 3 million more than in April but still 25% below where it was in February. Anecdotally, though, restaurant workers—even those who’ve spent decades in the industry—say they’re looking to get out. The line of work that had been stable, geographically flexible, reliable and largely safe for generations is no more, they say.

As I discussed the other day, we have already lost thousands upon thousands of small and independent restaurants, and this “restaurant apocalypse” is only going to get worse with each passing month.

Moving forward, some cities may never be the same again.  In Las Vegas, the official unemployment rate recently hit 29 percent, and everyone agrees that tourism will never recover until the pandemic ends.

If this pandemic stretches on for several years, many of those unemployed workers will be forced to abandon the city entirely in order to find work elsewhere.

Sadly, competition for the few good jobs that are available will become increasingly fierce, and this will result in millions of Americans falling out of the middle class.

And we are starting to see some numbers that indicate that this process is already moving along very quickly.  According to the U.S. Census Bureau, “24 million Americans say they have little to no chance of being able to pay next month’s rent”.

Just think about that.

We never saw anything like this during the last recession, and the Census Bureau says that things are particular dire for Black and Hispanic renters

This month, nearly 28% of Black renters say they haven’t paid last month’s rent, and about 46% say they have slight or no confidence they’ll be able to pay next month’s rent, according to figures from the Census Bureau’s Household Pulse Survey. Hispanic renters face similar economic strain: 22% say they missed last month’s rent and 46% fear they won’t make rent next month.

Those numbers are simply eye-popping.  As people increasingly get behind on their bills, the cries for more direct government assistance will become deafening, and it appears that Republicans and Democrats in Congress both want to pass yet another stimulus bill.

Of course that will mean borrowing and spending more gigantic piles of money that we do not currently have, but at this point most Americans do not seem to care that we are literally completely destroying our financial future.

For such a long time, I warned that the next economic downturn would be worse than the last recession, and that has turned out to be precisely correct.

And what we are experiencing right now will pale in comparison to what is eventually coming.

But for most people, the only thing that seems to matter is what is happening here and now.

And at this moment we are seeing tremendous economic suffering in major cities all over the nation, and in an election year very few of our politicians want to be the “bad guy” that says that we can’t hand out “free money” to everyone.

So our currency will continue to be rapidly devalued, our debt levels will continue to explode, and we shall get to see where this relentless march toward socialism takes us.

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.

Soon, You Will Need To Wear A Mask To Enter Virtually Every Major Retail Store In America

If you are adamant about not wearing a mask, you are not going to like this news one bit.  Coming into this week, Costco, Starbucks, Best Buy and Panera Bread were requiring customers to wear masks to come into their stores, but most other major retailers were still giving people the freedom to choose whether they wanted to wear a mask or not.  I know that a lot of people appreciated this freedom to choose, but it is about to come to an abrupt end.  On Wednesday, Walmart and Kroger announced that they will be starting to require consumers to wear masks in all of their stores, and the National Retail Federation is pushing all of the rest of their members to do the same thing.  In the days ahead it is expected that most of them will follow suit, and that means that soon there will be very few major retail stores that you are able to enter without wearing a mask.

Walmart says that they decided to make this change in order to “bring consistency” across all of their stores.  The following comes from the official Walmart website

As the number of confirmed cases has spiked in communities across the country recently, so too have the number and types of face covering mandates being implemented. Currently about 65 percent of our more than 5,000 stores and clubs are located in areas where there is some form of government mandate on face coverings. To help bring consistency across stores and clubs, we will require all shoppers to wear a face covering starting Monday, July 20. This will give us time to inform customers and members of the changes, post signage and train associates on the new protocols.

In the region of the country where I live, there are a ton of people that feel very strongly about not wearing masks, and this announcement is going to hit them really hard.

There is only one Walmart within a 90 minute drive of where I live, and virtually everyone in the region pops in there at some point.  But now those that do not want to wear masks will be excluded, and there will be some very hard feelings over this.

If you try to enter a Walmart without a mask next week, you will be greeted at the door by a “Health Ambassador” wearing a black shirt.  I find it very interesting that they specifically chose the color black, and I think that it would have been helpful if they had chosen a more friendly color.  In any event, these new positions are being created in order to ensure that only people wearing masks are able to get into the stores.  Of course Walmart is trying to make this sound as non-threatening as possible

In addition to posting clear signage at the front of our stores, Walmart has created the role of Health Ambassador and will station them near the entrance to remind those without a mask of our new requirements. Our ambassadors will receive special training to help make the process as smooth as possible for customers. The ambassadors, identifiable by their black polo shirts, will work with customers who show up at a store without a face covering to try and find a solution. We are currently considering different solutions for customers when this requirement takes effect on July 20.

Needless to say, this announcement by Walmart is likely to spark an avalanche of other announcements by major retailers.

In fact, Kroger made an announcement just hours after Walmart did

Within hours, Kroger — the largest U.S. supermarket chain — said it will also require shoppers to wear masks starting July 22.

And as I mentioned above, the National Retail Federation is already pushing all of their members to fall in line

The president of the  National Retail Federation trade group wants retailers to adopt a nationwide policy that requires customers to wear masks, and hopes Walmart’s decision to do so would galvanize other companies to take similar action, reports Reuters.

“Shopping in a store is a privilege, not a right. If a customer refuses to adhere to store policies, they are putting employees and other customers at undue risk,” the NRF says.

We will be told that this is just a “temporary” thing, but at what point will we be able to start shopping without masks again?

It certainly won’t be any time in 2020.  This week, CDC director Robert Redfield said that he anticipated that this fall and winter “are probably going to be one of the most difficult times that we’ve experienced in American public health”…

I am worried. I do think the fall and the winter of 2020 and 2021 are probably going to be one of the most difficult times that we’ve experienced in American public health because of what you said — the co-occurrence of Covid and influenza, and this is where I’d like to continue to work with you to get the American public to embrace the influenza vaccine so we can try to minimize the impact of inluenza, because I think those two respiratory pathogens hitting us at the same time do have the potential to stress our health system.

Ultimately, we will probably be forced to wear masks until the pandemic ends.

But what if this pandemic lasts for years?

A couple days ago, I authored an article in which I discussed three separate scientific studies which all showed that COVID-19 antibodies disappear very, very rapidly.  In fact, some patients no longer had detectable antibodies just weeks after originally testing positive for antibodies.

What this means is that it appears that COVID-19 is very similar to many other less dangerous coronaviruses that are floating around out there.  Just like there is no lasting immunity to “the common cold”, there also appears to be no lasting immunity to COVID-19.

That means that no “vaccine” is going to save us, we will never get to the point of “herd immunity”, and this virus will circulate all over the globe year after year.

So does this mean that wearing masks will now become a permanent requirement in our society?

We should certainly hope that won’t be the case, but unfortunately we aren’t the ones making the decisions.

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.

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