Morgan Stanley’s Business Conditions Index Just Suffered The Biggest One Month Decline In History

We continue to get more indications that U.S. economic conditions are going to deteriorate rapidly during the second half of this year.  Yesterday, I reported on a brand new survey which found that 69 percent of U.S. CFOs believe that a recession is coming “by the end of 2020”, and today we learned that Morgan Stanley’s Business Conditions Index has fallen dramatically.  In fact, according to CNBC the sudden drop in the index was “the largest one-month decline on record”…

A reading of the economy from Morgan Stanley is signaling “June gloom.”

Morgan Stanley’s Business Conditions Index, which captures turning points in the economy, fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record and the lowest level since December 2008 during the financial crisis, according to the firm.

At this point, I really don’t see how anyone can possibly claim that the U.S. economy is doing well.  We also just learned that U.S. unemployment claims have now risen for three weeks in a row, and the trade war is clearly beginning to take an immense toll on the economy.

This week, Walmart, Costco and hundreds of other companies jointly sent President Trump a letter that essentially begged him to end this trade war with China.  The following comes from CNN

More than 600 companies and industry trade associations — including Walmart, Costco, Target, Gap, Levi Strauss and Foot Locker — wrote to the White House urging Trump to remove levies on China and end the ongoing trade war.

“We know firsthand that the additional tariffs will have a significant, negative, and long-term impact on American businesses, farmers, families, and the US economy,” the companies said in the letter. “An escalated trade war is not in the country’s best interest, and both sides will lose.”

Of course this is exactly what I have been telling my readers for a long time.

There aren’t going to be any winners in this trade war, and anyone that suggests that there will be is just being delusional.

If there had been a quick resolution to the trade war, large corporations could have perhaps swallowed the increased costs that they are facing.  But since it appears that this trade war will be with us for the foreseeable future, big companies are going to be forced to pass those costs on to consumers, and some top executives are openly admitting this

“At the end of the day, prices will go up on things,” Costco (COST) chief financial officer Richard Galanti told analysts last month. Dollar General (DG) Chief Financial Officer John Garratt also said the company’s low-income shopping base “will be facing higher prices as 2019 progresses.”

If prices go up but our paychecks stay the same, that means that our standard of living is going to go down.

And as I noted yesterday, it is being projected that U.S. corporate earnings will be way down in the second quarter, so the big corporations are definitely suffering as well.

Meanwhile, China is warning of substantial damage to their economy too, and the Chinese Ministry of Commerce just told the press that this trade war could lead to a global recession

Chinese Ministry of Commerce spokesman Gao Deng told a Beijing press conference on Thursday that “there will be no winner in the trade war, which could cause a recession in the United States and global economies.”

The ministry did not disclose US investment growth in China for the month of May alone, but the plunge seems to have coincided with the collapse of trade talks between Beijing and Washington.

Of course we were almost certainly heading toward a global recession anyway, but the trade war is definitely accelerating our problems.

At this point, global trade has already collapsed to levels not seen since the depths of the last recession.  Manufacturing numbers are plunging all over the world, and we just got some brand new numbers from the U.K. that are extremely alarming

Production output in the UK dropped by 2.7% in April from March, and GDP fell by 0.4% in just one month, according to the latest figures by the Office of National Statistics. The manufacturing sector provided the largest contribution to the downturn, with the manufacturing index plunging 3.9% in April, from March, its biggest monthly fall since June 2002.

June 2002 was 17 years ago.

Not even during the last recession did we witness a monthly decline of that magnitude.

The speed at which the global economy is now deteriorating is breathtaking, and the crisis that so many thought had passed us by could actually be right on the doorstep.

And of course most Americans are completely and utterly unprepared for any sort of an economic crisis.  Today, 59 percent of us are living paycheck to paycheck, and a survey that was just released discovered that the financial situation of most Americans has not improved since 2007

Bankrate surveyed 2,740 adults across the country. Of those surveyed, 2,315 were older than 18 when the recession started.

Among people who were adults before the recession hit, 33 percent said their financial situation is “about the same” as it was before 2007, while 23 percent said their situation is worse.

When you add those two numbers together, you get a total of 56 percent of all Americans that say that their financial situation is either “worse” or “about the same” as it was just before the last recession hit.

That isn’t good, and now another major downturn is here.

But of course most Americans assume that everything is going to be just fine.  For most of us, the pain of the last recession is a fading distant memory, and things have been relatively stable for an extended period of time.

So for the moment, most of the population is not too alarmed about what is coming.

Unfortunately, that will soon change in a major way.

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.

This Wasn’t Supposed To Happen: U.S. Employment Growth Just Plunged To The Lowest Level In 9 Years

If the U.S. economy was heading into a recession, we would expect to see a slowdown in the employment numbers, and that is precisely what is happening.  According to payroll processing firm ADP, the U.S. economy only added 27,000 new jobs in May, and that is way below the number that is needed just to keep up with population growth.  Of course some in the mainstream media are attempting to put a positive spin on this, but there really is no denying that this is a truly awful number.  In fact, we have not seen a number this bad in more than 9 years

Job creation skidded to a near-halt in May in another sign that the U.S. economic momentum is slowing.

Companies added just 27,000 new positions during the month, according to a report Wednesday from payroll processing firm ADP and Moody’s Analytics that was well below Dow Jones estimates of 173,000.

The reading was the worst since around the time the economic expansion began and the jobs market bottomed in March 2010 with a loss of 113,000.

9 years is a very long time, but this terrible employment number is perfectly consistent with all of the other horrible economic numbers that have been rolling in lately.

Time after time in recent weeks I have been using phrases such as “since the last recession” to describe what we are witnessing.  The U.S. economy has not been in such rough shape in nearly a decade, and things just keep getting worse.

So how did Wall Street respond to the latest employment news?

Actually, stock prices surged, because investors are super excited about the prospect that the Federal Reserve could soon lower interest rates

Stocks added to strong week-to-date performance on Wednesday as investors grew even more confident that the Federal Reserve will lower interest rates this year to reignite an economy wounded by trade battles.

The Dow Jones Industrial Average rose 207.39 points to 25,539.57, while the S&P 500 advanced 0.8% to 2,826.15. The Nasdaq Composite closed 0.6% higher at 7,575.48.

Pushing interest rates all the way to the floor certainly helped the stock market recover after the last recession, but this time around there is a major twist.

The U.S. is currently engaged in a major trade war with China, and the normal tools that the Fed utilizes may not be powerful enough to overcome the negative effects of such a conflict.

And to make things worse, now the U.S. is also starting a trade war with Mexico.  On Wednesday, President Trump made it clear that “not nearly enough” progress had been achieved during negotiations with Mexican officials…

President Donald Trump said “not nearly enough” progress was made in talks with Mexico to mitigate the flow of undocumented migrants and illegal drugs, raising the likelihood that the U.S. will follow through with tariffs next week.

So tariffs will be slapped on Mexican goods starting on Monday, and President Trump seems quite excited about this

“If no agreement is reached, Tariffs at the 5% level will begin on Monday, with monthly increases as per schedule,” Trump tweeted Wednesday. “The higher the Tariffs go, the higher the number of companies that will move back to the USA!”

Of course the Mexicans will almost certainly retaliate, and both countries will start seeing higher prices and significant job losses.

In fact, one study has concluded that the U.S. economy could lose more than 400,000 jobs as a result of these tariffs on Mexico.  The following comes from CNN

If the 5% US tariff on all goods from Mexico takes effect and is maintained, more than 400,000 jobs in the United States could be lost, an analysis released this week found.

The tariffs on Mexico, set to go in effect on Monday, would cost Texas alone more than 117,000 jobs, according to the analysis by The Perryman Group, an economic consulting firm. Texas is Mexico’s largest export market, making the two economies closely intertwined.

And the truth is that those numbers could actually be on the low side.

According to Marc Thiessen, a trade war with Mexico would literally put millions of U.S. jobs at risk…

Indeed, Mexican tariffs could be even more devastating for Americans than those imposed on China. Deutsche Bank estimates the tariffs could raise the average price of automobiles sold in the United States by $1,300. Indeed, U.S. and Mexican auto-supply chains are so deeply integrated that many parts cross the border multiple times before they end up in a finished vehicle — which means they would be hit by tariffs multiple times, compounding costs. Ten million U.S. workers’ jobs depend on this supply chain; tariffs would put those jobs at risk, including those of the “forgotten Americans” in the industrial Midwest whose jobs Trump vowed to protect.

We shall see what happens, but the outlook for the U.S. economy for the rest of this year is not good at all, and beyond that things look exceedingly grim.

Hopefully I am wrong, but it certainly appears that a major economic downturn is developing just in time for the 2020 presidential election.

There is one more thing that I would like to mention before I wrap up this article.  This week, a Russian news source reported that Russia and China “will sign an agreement” regarding the use of their own national currencies in bilateral trade with one another…

Russia and China will sign an agreement on possible payments in national currencies. A decree of the Russian government on signing of a relevant agreement with the Chinese side was released on the official portal of legal information on Wednesday.

According to the draft decree approved through that government document, “settlements and payments for goods, service and direct investments between economic entities of the Russian Federation and the People’s Republic of China are made in accordance with the international practice and the legislation of the sides’ states with the use of foreign currency, the Russian currency (rubles) and the Chinese currency (yuan).”

In other words, they are dumping the dollar in favor of their own national currencies when trading with each other.  This is a direct threat to the international dominance of the U.S. dollar, and other countries have been discussing similar moves.

For decades, the U.S. dollar has essentially been a global currency.  More dollars are actually used outside of the United States than within this country, and most Americans don’t realize that.

This has given us some enormous advantages in the global marketplace, and it could be just a matter of time before those advantages begin to disappear.

Things that used to take months or years to happen are now happening in a matter of days.  The pace of change is really picking up, and right now the momentum of events is heading in a direction that is definitely not favorable to the United States.

Get Prepared NowAbout 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.

Goodbye Middle Class: The Percentage Of Wealth Owned By The Top 10% Just Got Even BIGGER

The middle class in America is being systematically eviscerated, and it is getting worse with each passing year.  As you will see below, one new study has found that 10 percent of Americans now own 70 percent of all the wealth.  Once upon a time, the United States had the largest and most vibrant middle class in the history of the world, but pretty soon we are just going to have the ultra-wealthy and everyone else.  Our system has been designed to funnel as much wealth as possible to the very top of the financial pyramid, and that means that most of the rest of us are deeply struggling.  And when you are just barely getting by from month to month, all it takes is one bad break to knock you completely out of the middle class and into poverty.

I have been chronicling the demise of the middle class for many years, but I didn’t know that the numbers had gotten this bad.  According to a study that was recently conducted by the Federal Reserve, the percentage of wealth controlled by the top 10 percent of U.S. households has shot up from 60 percent in 1989 to 70 percent today

Deutsche Bank’s Torsten Sløk says that the distribution of household wealth in America has become even more disproportionate over the past decade, with the richest 10% of U.S. households representing 70% of all U.S. wealth in 2018, compared with 60% in 1989, according to a recent study by researchers at the Federal Reserve.

The study finds that the share of wealth among the richest 1% increased to 32% from 23% over the same period.

The ironic thing is that the Federal Reserve has actually done much to cause this high concentration of wealth among the elite.  In response to the last financial crisis, the Federal Reserve pumped unprecedented amounts of money into the financial system, and this has created the greatest stock market bubble in our history

The Dow Jones Industrial Average DJIA, +2.06% has climbed nearly 300% since its closing low in March 2009, the S&P 500 index SPX, +2.14% has climbed 325%, while the Nasdaq Composite Index COMP, +2.65% has soared 535% over the same period.

Meanwhile, wages have stagnated for ordinary Americans.  According to the Social Security Administration, the median yearly wage in the United States is currently just $30,533.  In other words, 50 percent of all American workers make at least that much per year, and 50 percent of all American workers make that much or less per year.

$30,533 a year breaks down to approximately $2,500 per month, and you simply can’t support a middle class lifestyle for a typical American family on $2,500 a month.

Meanwhile, the cost of living for middle class families has exploded higher over the past few decades…

Everyday expenses continue to rise, and as the shadow inflation increases, it also threatens to wipe out the middle class – what’s left of it anyway. In fact, middle-class life is now 30% more expensive than it was 20 years ago, according to a separate report by CNBC. The cost of things such as college, housing, and child care has risen precipitously: Tuition at public universities doubled between 1996 and 2016 and housing prices in popular cities have quadrupled, Alissa Quart, author and executive director of the Economic Hardship Reporting Projecttells CNBC Make It.

As the cost of living has risen faster than our incomes have, more Americans have been squeezed out of the middle class with each passing month.

As a result, an increasing number of Americans have become financially dependent on the government, and our rapidly expanding welfare state is a big reason why the federal government is now 22 trillion dollars in debt.

Of course many Americans are no longer able to make it at all, and the ranks of the homeless are swelling all over the nation.  In fact, we just got some brand new numbers about the growth of homelessness in the Los Angeles area that are absolutely eye-popping

The number of homeless people counted across Los Angeles County jumped 12% over the past year to nearly 59,000, with more young and old residents and families on the streets, officials said Tuesday.

The majority of the homeless were found within the city of Los Angeles, which saw a 16% increase to 36,300, the Los Angeles Homeless Services Authority said in presenting January’s annual count to the county Board of Supervisors.

Yes, it is true that we have a record number of millionaires on the west coast in 2019, but meanwhile our major west coast cities are being transformed into rotting, decaying nightmares right in front of our eyes.

During a recent interview with Laura Ingraham, Dr. Drew Pinsky admitted that there is “a complete breakdown of the basic needs of civilization in Los Angeles right now”

“We have a complete breakdown of the basic needs of civilization in Los Angeles right now,” Pinsky told host Laura Ingraham. “We have the three prongs of airborne disease, tuberculosis is exploding, (and) rodent-borne. We are one of the only cities in the country that doesn’t have a rodent control program, and sanitation has broken down.”

Pinsky’s comments followed news that Los Angeles police officer had contracted typhoid fever, a rare and life-threatening illness that fewer than 350 Americans contract each year.

Los Angeles had a typhus outbreak last summer and will likely have another this summer, Pinsky said. Meanwhile, bubonic plague – a pandemic that killed tens of millions of people during the 14th century – is “likely” already present in Los Angeles, Pinsky added.

Despite all of our great wealth and despite all of our advanced technology, this is what life is like in our second largest city right now.

And if things are degenerating this badly during stable times, what are things going to look like once our society plunges into chaos?

Ultimately, the American Dream is about being self-sufficient.  Most people want to be able to work hard and provide a nice life for their families, but that is becoming harder and harder to do.

No matter which political party has been in power in Washington, the middle class has continued to shrink and more wealth and power has become concentrated in the hands of the elite.

Now we stand on the precipice of the next major economic downturn, and many are deeply concerned about what that is going to mean for the future of our society.

Get Prepared NowAbout 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.

Even Before The Recession Has Officially Begun, Some Large U.S. Firms Are Laying Off Thousands Of Workers

If the U.S. economy is “booming” and very bright days are ahead, then why are many large U.S. corporations laying off thousands of workers?  Layoffs are starting to come fast and furious now, and this is happening even though the coming recession has not even officially started yet.  Of course many are convinced that we are actually in a recession at this moment.  In fact, according to John Williams of shadowstats.com if the government was actually using honest numbers they would show that we have been in a recession for quite some time.  But the narrative that the mainstream media keeps feeding us is that the U.S. economy is “doing well” and that the outlook for the future is positive.  Well, if that is true then why are big companies laying off so many workers right now?

Let’s start by talking about Ford Motor Company.  On Monday, they announced that they will be laying off approximately 7,000 workers

Ford Motor said Monday that it is laying off about 7,000 managers and other salaried employees, about 10% of its white-collar workforce across the globe, as part of a restructuring plan designed to save the No. 2 automaker $600 million annually.

The cuts, some of which were previously announced by the company, will be completed by August, Ford CEO Jim Hackett said in an email to employees Monday.

If the U.S. economy was about to take off like a rocket, this move doesn’t make any sense at all.

But if we are headed into a recession, this move makes perfect sense.

Another large firm that is laying off thousands of workers is Nestle

Nestle SA’s U.S. unit will dismiss about 4,000 workers as it stops delivering frozen pizza and ice cream directly to stores and transitions to a warehouse model that’s becoming an industry standard for Big Food companies looking to trim costs.

And we also recently learned that 3M is planning to get rid of about 2,000 workers

3M plans to cut 2,000 globally as part of a restructuring due to a slower-than-expected 2019.

The maker of Post-it notes, industrial coatings and ceramics said Thursday that the move is expected to save about $225 million to $250 million a year. The St. Paul Minnesota-based company anticipates a pretax charge of about $150 million, or 20 cents per share, this year.

Did you catch that part about these layoffs being due to “a slower-than-expected 2019”?

Unfortunately, things are slow for a lot of companies out there these days.

Another company that is dumping a large number of workers is MGM Resorts

MGM Resorts International MGM, -2.09% plans to cut about 1,000 positions by the end of the current quarter amid a cost-cutting and operational overhaul that calls for fewer managers across its properties.

That figure includes some 254 positions that the company moved to eliminate last week.

In addition, Dressbarn just announced that all of their stores will be closing

Dressbarn is closing all of its stores.

The women’s retailer announced Monday “plans to commence a wind-down of its retail operations, including the eventual closure of its approximately 650 stores.”

I am not sure how many employees they have per store, but even if it is just a handful we are talking about the loss of thousands of jobs.

The U.S. economy has been slowing down for months, and now the complete breakdown of trade talks with China threatens to plunge us into a prolonged trade war.  As I noted in another article, a couple of different studies have concluded that an extended trade war could literally cost our economy millions of lost jobs.

And once the job losses start rolling, they can really get out of hand very quickly.  We saw this in 2008, and it is just a matter of time until we see it happen again.

On Sunday, a reader sent me an article about a factory closing that was happening in her neck of the woods in Pennsylvania.  One worker that was laid off said that the closure of the facility “was the final kick in the gut”

Robert and Brooks Gronlund, owners of Wood-Mode Inc., wrote a text to workers Friday, saying they “are extremely appreciative” of the employees’ contributions and commitments. The company owners then confirmed all of them were terminated, as were their benefits.

“It was the final kick in the gut,” Michele Sanders, a 22-year employee of the company, said Saturday.

The privately-owned company in Kreamer, which produced custom wood cabinets, shut its doors Monday, leaving nearly 1,000 people without jobs. The abrupt closure of the plant stunned workers and community leaders.

So now almost 1,000 people do not have a way to support themselves and their families.

We are talking about hard working people with real hopes and real dreams.

Kreamer is a very small town.  According to Wikipedia, only 773 people live within the city limits, and so obviously there are not a lot of employment opportunities in the town.

And if those workers are anything like the rest of the U.S. population, most of them were probably living paycheck to paycheck.

I keep encouraging my readers to build an emergency fund, because you never know when you will be next on the employment chopping block.  I personally know a number of people that have just lost their jobs, and it can be an absolutely devastating experience.

Unfortunately, it looks like what we have witnessed so far is just the beginning.  All of the numbers tell us that economic activity is slowing down, and so we should all get ready to potentially face a rapidly deteriorating economic environment during the second half of 2019.

Get Prepared NowAbout 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.

Top U.S. Officials Gather To Discuss “Military Options” In Venezuela As Russia Warns Of “Grave Consequences” If America Invades

On Wednesday afternoon, senior U.S. officials gathered at the White House to discuss possible military options for Venezuela.  Meanwhile, the Russians are warning of grave consequences if the U.S. invades, and so the stage is being set for a potential showdown between the world’s two foremost military powers.  Previously, administration officials had hoped that the Venezuelan people would rally around Juan Guaido to such a degree that it would not require military intervention to oust Venezuelan President Nicolas Maduro, but that hasn’t happened.  In fact, Guaido’s big push to start a revolution in the streets over the past few days has ended up being a total flop.  The following comes from Yahoo News

Guaido had called for the “largest march” in Venezuela’s history and said on Twitter that “millions of Venezuelans” were in the streets in “this final phase” of his move to oust Maduro.

But by late afternoon, many of the protesters in the capital Caracas were drifting home.

Despite Guaido’s calls for the military to support him, the armed forces leadership has so far remained loyal to Maduro, who has been in power since 2013.

In the long-term, the situation in Venezuela isn’t going to change much if the U.S. is able to replace one socialist president (Maduro) with another socialist president (Guaido).  Socialism always ends badly, and the people of Venezuela are going to have to decide for themselves that they don’t want socialism any longer.

But that isn’t what this is about.  U.S. officials have decided that it is time to impose their will on the people of Venezuela, and they have determined that Maduro must go.  If Guaido cannot create a successful internal revolution, then other options will be explored.

And as I mentioned in the opening paragraph, there was a very, very important gathering of top U.S. officials at the White House on Wednesday afternoon

Senior U.S. administration officials, including Secretary of State Mike Pompeo, acting Defense Secretary Patrick Shanahan, Chairman of the Joint Chiefs of Staff Gen. Joseph Dunford, and National Security Advisor John Bolton, will meet at the White House Wednesday afternoon. With the situation on the ground still “extraordinarily fluid,” according to Shanahan, the U.S. says it is still weighing military options.

Don’t you wish that you could have been a fly on the wall for that meeting?

Of course we already know what Pompeo and Bolton are thinking.  This is what Pompeo just told Fox Business

“Military action is possible. If that’s what’s required, that’s what the United States will do.”

In other words, if Guaido can’t get the job done, our boys and girls are going in.

And John Bolton has repeatedly insisted that “all options are on the table” regarding Venezuela, and he just told reporters the following about potential Russian interference

“This is our hemisphere,” he told reporters outside the White House. “It’s not where the Russians ought to be interfering. This is a mistake on their part. It’s not going to lead to an improvement of relations.”

So precisely what would Bolton like us to do about it?

The Russians already have troops and military equipment in Venezuela, and they are there with the permission of the Venezuelan government.  Does Bolton really want us to attack and risk a war with Russia?

And for what?  Venezuela certainly has a lot of oil, but the truth is that there is no fundamental national security interest at stake in Venezuela.

Unfortunately, there is a growing consensus in Washington that something must be done about Venezuela, and the hysteria has already reached absolutely ridiculous levels.  For example, just consider the words of U.S. Senator Rick Scott

“Here is what is going to happen. We are in the process, if we don’t win today, we are going to have Syria in this hemisphere. So, we can make sure something happens now, or we can deal with this for decades to come. If we care about families, if we care about the human race, if we care about fellow worldwide citizens, then we’ve got to step up and stop this genocide.”

Did you catch that?

Apparently, if you are not in favor of a U.S. invasion of Venezuela, you don’t “care about families” and you don’t “care about the human race” either.

In response to those comments, this is what Tucker Carlson had to say

When was the last time we successfully meddled in the political life of another country? Has it ever worked? How are the democracies we set up in Iraq, in Libya, in Syria, and Afghanistan right now? How would Venezuela be different? Please explain — and take your time.

Are we prepared for the refugees a Venezuelan war would inevitably produce? A study by the Brookings Institution found that the collapse of the Venezuelan government could force eight million people to leave the country. Many of them would come here. Lawmakers in this country propose giving them temporary protected status that would let even illegal arrivals live and work here, in effect, permanently, as many have before, with no fear of deportation. Are we prepared for that?

If we are going to ask members of our military to shed their blood, it had better be for a really, really good reason.

And switching out one socialist leader for another socialist leader in Venezuela definitely does not qualify.

Of course that is the best case scenario.

In a worst case scenario, a U.S. military invasion of Venezuela would spark a war with Russia, and the Russians are making it very clear that there will be “grave consequences” if we attack…

Russian Foreign Minister Sergei Lavrov told Pompeo by phone on Wednesday that further “aggressive steps” in Venezuela would have grave consequences, Russia’s Foreign Ministry said.

Meanwhile, the U.S. is getting dangerously close to war with Iran as well.  The Iranians are threatening to close the Strait of Hormuz in retaliation for Washington cutting off all their oil exports, and if the Strait of Hormuz gets shut down all hell could break loose.

U.S. officials want to “get tough” with all of our enemies around the world, and that is fine as long as you know what are you doing.

Because even one miscalculation can result in missiles flying back and forth, and once peace is taken from the Earth things could get wildly out of control very rapidly.

So let us hope that cooler heads prevail, because right now we are quickly approaching a tipping point.

Get Prepared NowAbout 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.

2 Aircraft Carriers Have Left Port – Are The USS Eisenhower And The USS Roosevelt Headed South Toward Venezuela?

Juan Guaido has initiated a violent uprising in an attempt to overthrow Nicolas Maduro, and it appears that the U.S. may be preparing to intervene in the conflict militarily.  The USNI News Fleet and Marine Tracker accurately tracks the current positions of U.S. naval assets, and according to them the USS Dwight D. Eisenhower has left port on the east coast and the USS Theodore Roosevelt has left port on the west coast.  In both cases, each aircraft carrier was originally slated for “training” exercises, but now there is lots of speculation that they are both steaming south toward Venezuela.  Since there has been no official confirmation from Washington, let me stress that once again that any talk about the potential destination of these carriers is just speculation.  But considering what is taking place in Venezuela at this moment, it certainly would not surprise anyone if the waters off Venezuela is precisely where they are heading.

Earlier today, the Intel_Radar Twitter account created quite a stir with a series of seven tweets

BREAKING: US Navy deploys two aircraft carriers, both southbound, one from each coast, amid Venezuela crisis.

Update 1 : Eisenhower left Virginia headed South, on the same day Roosevelt deployed out of San Diego headed for the Panama Canal.

Update 2 : US Navy Nimitz-class aircraft carrier USS Dwight D. Eisenhower (MMSI:368962000|CS:NIKE) departed Norfolk ~2019-04-26, was off AIS for 4 days, and seems to be headed South, off the US East Coast.

Update 3 : American Roll-on Roll-off Carrier (ARC) RoRo Integrity (IMO:8919934|MMSI:367063310) departed Mexico with a fake destination, “hiding their destination”.

Update 4 : USS Dwight D. Eisenhower has earned a number of awards, including the Battle “E” in 1979, 1980, 1981, 1985, 1990, 1998, 1999, 2006 and 2012 as the most battle efficient carrier in the Atlantic Fleet.

Update 5 : 6248 kHz LSB Venezuela naval freq still active. Also morse code in background.

Update 6 : A US Navy fast combat support ship departed Norfolk just a little bit ago.

If all of this information is true, it would certainly seem to indicate that something is up.

Could it be possible that the U.S. is about to go to war with Venezuela?

If you are not familiar with what happened in Venezuela on Tuesday, here is a pretty good summary

It was a ploy that from its outset felt like a long shot. Before dawn Tuesday, Juan Guaido, flanked by his political mentor Leopoldo Lopez and a handful of soldiers who had broken ranks, issued a message to Venezuela and the world: The time to topple Nicolas Maduro’s authoritarian regime was right now.

By dusk, with Maduro still firmly in control of the military command, Lopez had sought refuge in the Chilean ambassador’s residence in Caracas and the streets were beginning to empty of the protesters who had heeded Guaido’s call to join what he called Operation Liberty.

Either Guaido is completely suicidal, or he is coordinating with the U.S. and he believes that U.S. military help in on the way.

The second option seems more likely, and on Tuesday John Bolton even admitted that “a deal had been struck” with key members of Maduro’s regime…

The whole episode was so bizarre — with Guaido seemingly lacking the military might to have any chance at all — that it was hard to understand the day’s events. One explanation, as related by National Security Adviser John Bolton, was that a deal had been struck behind the scenes and that key members of Maduro’s regime had agreed to flip, paving the way for Guaido to easily assume power.

Well, either Bolton was bluffing or those officials double-crossed him, because it just hasn’t happened.

And perhaps that would help to explain this very angry tweet from Bolton

.@vladimirpadrino, @Ivanr_HD, @MaikelMorenoTSJ: Your time is up. This is your last chance. Accept Interim President Guaido’s amnesty, protect the Constitution, and remove Maduro, and we will take you off our sanctions list. Stay with Maduro, and go down with the ship.

In response to Bolton’s tweet, one top Venezuelan official posted the following

Dream on … Not today!

Subsequently, Bolton once again told the press that “all options are on the table” when it comes to Venezuela…

Bolton later told reporters that the U.S. would consider intervening in Venezuela.

“We want, as our principal objective, the peaceful transition of power, but I will say again as the president has said from the outset and as Nicolas Maduro and those supporting him — particularly those who are not Venezuelan — should know, is all options are on the table,” Bolton said.

But if the U.S. goes into Venezuela, it will be a full-blown war against a seasoned military with more than 300,000 troops in a country twice the size of Iraq.

In addition, the Russians and the Cubans already have troops there, and they have no intention of pulling their forces out.

In other words, an invasion of Venezuela could potentially spark World War 3.

But John Bolton doesn’t seem fazed by any of that.  He is a hardcore war hawk, and he has been calling for military conflict for years.  If you will remember, he actually called for a pre-emptive war against North Korea just two months before joining the Trump administration

For John Bolton, the national-security adviser, the summit represented a conundrum. Two months before he entered the White House, in April, 2018, he had called for preëmptive war with North Korea. During the past two decades, Bolton has established himself as the Republican Party’s most militant foreign-policy thinker—an advocate of aggressive force who ridicules anyone who disagrees. In an op-ed in the Wall Street Journal, he argued that Kim’s regime would soon be able to strike the United States with nuclear weapons, and that we should attack before it was too late. “The threat is imminent,” he wrote. “It is perfectly legitimate for the United States to respond to the current ‘necessity’ posed by North Korea’s nuclear weapons by striking first.”

We truly live in ominous times, and many are deeply concerned that Bolton seems to have so much influence over U.S. foreign policy right now.

Ultimately, we don’t know what is going to happen next, but it is interesting to note that White House Chief of Staff Mick Mulvaney also used the phrase “all options are on the table” during an interview with Maria Bartiromo…

“The only messages I think we are trying to get out there is that we want to make sure the Russians and the Cubans know they are not supposed to get involved and that we do and have said a bunch of times that all options are on the table” said Mulvaney during a conversation with FOX Business’ Maria Bartiromo from the Milken Institute Global Conference Opens a New Window.

They are making it very clear that a full-blown invasion of Venezuela is a real possibility, and most Americans have absolutely no idea what that would mean.

We are talking about a conflict that would be several magnitudes greater than the Iraq war, and it could be right around the corner.

Get Prepared NowAbout 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.

ANOTHER “Bomb Cyclone” Will Bring More Flooding To Parts Of The Midwest That Were Hit By A “1,000 Year Flood” Last Month

Less than a month after a “bomb cyclone” caused a “1,000 year flood” in the middle portion of the country, another “bomb cyclone” of similar strength is going to bring even more flooding to the High Plains and Upper Midwest.  According to meteorologists, it is being projected that this new “bomb cyclone” will be “similar in intensity and in snowfall” to the last one, and the latest forecast is calling for “more than 30 inches in some areas”.  The floods that we witnessed last month absolutely devastated communities throughout the region, and now it is going to happen again.  The middle part of our nation has literally never seen anything like this happen ever before, and this is easily the worst natural disaster to hit the United States since Hurricane Katrina.

Before I get into the details of the latest weather forecast, let’s review what we have witnessed so far.  “At least 1 million acres of U.S. farmland” were under water for at least 7 days last month, according to Agriculture Secretary Sunny Purdue “as many as a million calves” were lost in the flooding in the state of Nebraska alone, and hundreds of millions of dollars worth of crops were destroyed.  Thousands upon thousands of farmers were financially ruined, and thousands of farmers will not be able to plant any crops at all this year.

If you can point out a worse agricultural disaster in the last 50 years in the United States, please feel free to do so.  To my knowledge, there isn’t one.

And now a second “bomb cyclone” is on the way this week.  According to CBS News, it looks like this “bomb cyclone” will produce “a blizzard of epic proportions”…

Only three weeks after a “bomb cyclone” — one of the most intense storms on record — pummeled the Plains and Midwest, another bomb cyclone of similar strength has been forecast. This spring storm seems poised to dump even heavier snow; it could also be followed by another round of significant river flooding.

Over the past few days, various forecast computer models have shown a blizzard of epic proportions for the north-central Plain States and Upper Midwest. Every time a model is updated, the storm depicted seems to get even more intense. At this point, it seems likely that some of the same areas impacted by devastating flooding just weeks ago are about to get slammed by an historic blizzard Wednesday through Friday.

Some Midwest communities already look like they have literally been through a war.

What do you think they are going to look like after another epic blizzard and more severe flooding rips through them?

If you are not familiar with the term “bomb cyclone”, here is a pretty good explanation from MSN

A bomb cyclone is a rapid drop in air pressure — at least 24 millibars in 24 hours — and often is over or near oceans or seas because it requires warm moist air smacking into cold dry air, along with volatile weather from the jet stream. The central and mountain part of the country may get one of these every few winters, said Greg Carbin, forecast branch chief for the National Weather Service’s Weather Prediction Center in Maryland.

But this would be the second such storm in less than a month. The March 13 storm caused massive flooding in the Midwest, a blizzard in Colorado and Wyoming, and produced winds of between 96 mph and 110 mph (155 and 177.02 kph).

According to the National Weather Service, this new storm will dump a lot of snow on the northern Rockies on Tuesday, and from there it “will pick up in intensity as it moves into the central USA by Wednesday and into Thursday”.

The forecast is calling for the heaviest snow to fall in parts of Nebraska, South Dakota and Minnesota.

If you will remember, Nebraska was hit by flooding unlike anything it had ever seen before last month.  And now we are being told that this new storm “will further exacerbate flooding in Nebraska”

“This blizzard will further exacerbate flooding in Nebraska with the added insult of heavy snowfall to eventually melt,” said Ryan Maue, a meteorologist at the private weathermodels.com. “This is more bad news for suffering farmers who are unable to flip the calendar on winter.”

Even before this storm, the National Weather Service was warning that there would be “above-average precipitation across much of the Lower 48” over the next few months and that 200 million Americans were at risk of being affected by flooding.

But nobody was expecting another “bomb cyclone” to come so soon.

I have been repeatedly warning my readers that our planet is becoming increasingly unstable and that global weather patterns are really starting to go haywire.  We are seeing things happen that we have never seen before, and what I have shared in this article is yet another example.

Since January 1st, the middle portion of the country has already received approximately twice the precipitation that it normally does, and that doesn’t even count the precipitation from the “bomb cyclone” that is about to strike.

The crop losses that we have already witnessed are absolutely staggering, and now we are about to get hit with another severe blow.

Earlier today I went to the grocery store, and I was stunned by the high prices.

But the truth is that this is as low as food prices are going to get.  A series of catastrophic events threatens to significantly reduce global food production this year.  If you doubt this, just check out what has been happening in China.

We like to think that we are immune to the forces of nature that have played havoc with other societies throughout human history, but we aren’t.

Right now we are watching a great human tragedy play out in the middle portion of the country, but since we depend on them to grow much of our food, the truth is that we are all going to be feeling the pain of this tragedy in the months ahead.

Get Prepared NowAbout 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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