The Apocalyptic Global Food Crisis That We Were Told To Prepare For Has Already Started In 2022

There isn’t going to be enough food for everyone this year.  We have been waiting for the nightmarish global food crisis that so many have warned us about, but we don’t have to wait for it anymore because it is already here.  Millions upon millions of people around the globe will be desperately hungry tonight, but what we are experiencing right now is just the tip of the iceberg because things will be so much worse by the end of 2022.  If you don’t want to believe me, hopefully you will believe some of the experts that I quote in this article.

For example, the CEO of Gro Intelligence just told the UN Security Council that we are facing a “seismic” crisis that will reach an extremely painful phase in about 10 weeks

The world has only 10 weeks’ worth of wheat left to deal with the crisis, according to Sara Menker, CEO of Gro Intelligence.

“This is seismic,” Menker said during a special meeting of the U.N. Security Council. “Even if the war were to end tomorrow, our food security problem isn’t going away anytime soon without concerted action.”

Of course many others are issuing similar warnings. A top aide to Vladimir Putin named Maksim Oreshkin says that a worldwide famine “will occur closer to autumn”

“It is important that in the conditions, for example, of a global famine that will occur closer to autumn, by the end of this year all over the world, Russia should not suffer, but be fully provided with food,” Oreshkin said.

On the other side of the conflict, Ukrainian President Volodymyr Zelenskyy is warning that the war in his nation is going to have a catastrophic impact all over the globe…

“Russia has blocked almost all ports and all, so to speak, maritime opportunities to export food – our grain, barley, sunflower and more. A lot of things,” Zelenskyy said Saturday. “There will be a crisis in the world. The second crisis after the energy one, which was provoked by Russia.”

“Now it will create a food crisis if we do not unblock the routes for Ukraine, do not help the countries of Africa, Europe, Asia, which need these food products,” he added.

Let me give you one more source.  The head of the UN World Food Program is telling us that global food shortages are “worse” than anything that we witnessed back in 2011…

Speaking at the World Economic Forum (WEF) in Davos, Switzerland, David Beasley, executive director at the UN World Food Programme, warned the world’s food security conditions are “worse” than what was observed during Arab Spring over a decade ago.

He is particularly concerned about the lack of exports from Ukraine, because that country “normally feeds 400 million people”

“What happens when you take a nation [Ukraine] that normally feeds 400 million people and sideline that … it’s devastating to global food security,” he warned.

This crisis is very real, and it is going to affect every man, woman and child on the entire planet.

The truth is that we were heading toward a horrifying global food crisis even before the war in Ukraine erupted, and that is because fertilizer prices have gone absolutely crazy.  Of course the war has made things even worse, because Russia alone normally accounts for approximately 20 percent of all global nitrogen fertilizer exports.  And it would be extremely difficult to overstate the importance of nitrogen fertilizer

In fact, according to noted Canadian energy researcher Vaclav Smil, two-fifths of humanity –more than three billion people—are alive because of nitrogen fertilizer, the main ingredient in the Green Revolution that supercharged the agricultural sector in the 1960s. The chemical fertilizer trifecta that tripled global grain production—nitrogen (N), phosphorus (P), and potassium (K)—enabled the greatest human population growth the planet has ever seen. Now, it is in short supply, and farmers,  fertilizer companies, and governments around the globe are scrambling to avert a seemingly inevitable tumble in crop yields.

“I’m not sure it’s possible any more to avoid a food crisis,” says World Farmers’ Organization President Theo de Jager. “The question is how wide and deep it will be. Most importantly, farmers need peace. And peace needs farmers.”

Here in the United States, soaring fertilizer prices are putting an extraordinary amount of financial stress of our farmers.

One farmer in Indiana named Rodney Rulon is horrified by how much more he has to pay this year…

Rodney Rulon is better off than many farmers this year. A progressive farmer in Arcadia, Indiana, he has been using no-till techniques, cover crops, and chicken litter on his family’s 7,200 acres of corn and soybean fields since 1992. Combined with extensive soil testing each year, he’s cut his chemical fertilizer use 20 to 30 percent, he says—but it’s still his largest input.

“We’re making big cuts to what we’re spending on fertilizer this year,” Rulon says. “It’s $1,200 a ton for P and K. It was $450 last year. Nitrogen was $500-550 a ton last year. Now it’s well over $1,000. You just took our biggest expense and doubled it.”

Most farmers in the western world will bite the bullet and pay the higher prices.

But in poorer nations all over the globe it is going to be a different story.  Many farmers in those countries will either be greatly cutting back on fertilizer or won’t be using any at all this year.

As a result, production will be way down.

And that will mean that global food supplies will be getting tighter and tighter.

You may be tempted to think that hunger is an issue for the other side of the planet, but the reality of the matter is that it is already starting to hit home in some of the wealthiest nations.

For example, one recent survey found that approximately a quarter of all Britons are already “skipping meals”

A quarter of Britons have resorted to skipping meals as inflationary pressures and a worsening food crisis conflate in what the Bank of England recently dubbed an “apocalyptic” outlook for consumers.

More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey released Tuesday.

Here in the United States, the nationwide out of stock level for baby formula just hit another alarming new high

Out-of-stock percentage for baby formula stood at 45% nationwide for the week ending on May 15, according to retail data firm, Datasembly.

In April, baby formula shortages hit 30% before jumping to 40% at the end of the month, according to Datasembly. By early May, the out-of-stock rate rose to 43%.

Sadly, this is just the beginning.

The real problem will be the food that is not grown and not harvested in the months ahead.

Winter wheat will soon be harvested in the U.S., and thanks to the historic drought in the western half of the country it is being projected that the total amount harvested will be “the smallest since 1963”

Some farmers already are writing off losses from parched grains. The US Department of Agriculture expects lower yields in Kansas, the top-growing state for hard red winter wheat, a staple relied on for bread flour. The shortfall is seen by USDA as pushing national production to the smallest since 1963, fueling fear of global food shortages as war in Ukraine and weather challenges elsewhere puts supplies at risk.

In 1963, the population of the United States was 189 million.

Today, the population of the United States is 329 million.

On top of everything else, skyrocketing energy prices are also making things extremely difficult for our farmers.

On Monday, the average price of a gallon of gasoline in the United States reached another all-time record high

Prices at the pump have hit another record high on Monday, the same day President Joe Biden discussed the United States’ and the world’s ‘incredible transition’ away from fossil fuels.

The new nationwide average now at just under $4.60 per gallon, the highest ever recorded by the American Automobile Association (AAA)’s gas price tracker.

But if you think that $4.60 is bad, you should check out the prices in California.

At one station in Los Angeles, consumers were being charged $7.29 a gallon.

That is nuts!

And as things get worse and worse, the American people are becoming increasingly restless.  In fact, a CBS/YouGov survey that was just released discovered that just 6 percent of Americans believe that things are going “very well” in this country.

6 percent.

So what will that number look like six months from now when global food supplies are much tighter than they are at the moment.

In my entire lifetime, we have never faced anything like this, and so the vast majority of us have absolutely no frame of reference for what is about to happen.

A “perfect storm” is here, and the vast majority of the population is completely and utterly unprepared for it.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Monkeypox Spreads Like Wildfire All Across The Planet As The WHO Warns “There Will Be More Cases”

Is this going to be the next great global pandemic?  When I first wrote about this monkeypox outbreak exactly one week ago, there were just three cases and all of them were in the UK.  Now here we are just seven days later, and there are confirmed or suspected cases in 17 different countries.  If you are still not familiar with monkeypox, it has been described as a less deadly cousin of smallpox.  In the 20th century, smallpox killed more than 300 million people, and so we definitely do not want to see a smallpox outbreak ever again.  Thankfully, the death rate for monkeypox is much lower.  But it still has the potential to kill lots of people, and so hopefully authorities can find a way to contain this outbreak before it spirals out of control.

At this point, countless numbers of people could already be carrying monkeypox without even knowing it.  We are being told that it has an incubation period that ranges from 5 to 21 days, and so that means that someone could potentially be spreading it for weeks before serious symptoms show up.

Some of the early symptoms include fever, headaches, and shortness of breath.

But then extremely ugly fluid-filled skin sores start showing up, and these sores can appear all over the body.

It truly is a horrifying disease, and the death rate in humans can be as high as 10 percent.

The death rate for COVID is well under 1 percent, and that disease threw the entire globe into a state of chaos for two solid years.

So just imagine what would happen if monkeypox becomes a global pandemic.

Just a few hours ago, the BBC explained that the number of countries with confirmed or suspected cases had risen to 15

Israel, Switzerland and Austria are the latest countries to confirm cases of monkeypox, bringing the total number of nations reporting outbreaks to 15.

Israel and Switzerland both said they identified one infected person who had recently travelled abroad. Israel is investigating other suspected cases.

But since then two more countries have been added to the list to bring the grand total to 17.

This outbreak is moving so quickly, and nobody is exactly sure what is going to happen next.

Anticipating the worst, Belgium has become the very first nation in the world to institute a mandatory quarantine for anyone that tests positive

Belgium has become the first country to introduce a compulsory 21-day monkeypox quarantine – as 14 countries now confirm outbreaks of the viral disease and doctors warn of a ‘significant rise’ in UK cases

Those who contract the virus will now have to self-isolate for three weeks, Belgian health authorities have said, after three cases were recorded in the country.

Will more countries soon follow suit?

And if things get bad enough, could we soon see “monkeypox lockdowns” all over the globe?

Let’s hope not, because that would be a nightmare.

This outbreak is a great mystery to health authorities, because usually monkeypox has a difficult time spreading from person to person.

But now this current strain seems to behave differently, and one official in the UK is openly admitting that “community transmission” is actually taking place…

It comes as Dr Susan Hopkins, a chief medical adviser to the UK Health Security Agency, today also warned that monkeypox is spreading through community transmission in the UK with more cases being detected daily.

Sajid Javid yesterday revealed another 11 Britons had tested positive for the virus, taking the total to 20.

The cases include a British child currently in a critical condition at a London hospital, while a further 100 infections have been recorded in Europe.

Could this outbreak soon explode to such a level that it will turn all of our lives completely upside down like COVID did?

At this point, we just don’t know.

But our leaders are certainly acting as if they believe this will be something big.  For example, Joe Biden is warning that this outbreak is “something that everybody should be concerned about”

Asked about the outbreak as he finished a visit to South Korea, US President Joe Biden said that if the virus were to spread more widely it would be “consequential”, adding that “it is something that everybody should be concerned about”.

And the official WHO website is telling us that they fully expect that “there will be more cases”…

The situation is evolving and WHO expects there will be more cases of monkeypox identified as surveillance expands in non-endemic countries. Immediate actions focus on informing those who may be most at risk for monkeypox infection with accurate information, in order to stop further spread. Current available evidence suggests that those who are most at risk are those who have had close physical contact with someone with monkeypox, while they are symptomatic.

So we shall see what happens.

Personally, I am extremely concerned about this turn of events.  As my regular readers already know, I have been watching for this exact type of outbreak for the last couple of years.

Meanwhile, there is another outbreak which has just erupted in Iraq that I am going to be closely monitoring as well.

According to a top Iraqi official, there have been 90 confirmed cases of viral hemorrhagic fever, and 18 of those have already died…

The Spokesman of the Iraqi Ministry of Health and Environment, Saif Al-Badr, announced on Saturday that “there is a dangerous rise in viral hemorrhagic fever (VHF) cases in Iraq.”

Al-Badr explained that the “number of infected people by VHF has so far reached 90 cases throughout Iraq,” and that 18 VHF-related deaths have already been recorded in the country.

And that same official has warned that the number of confirmed cases will almost certainly continue to rise…

“The number of infected people will continue to increase because we have already registered many suspected cases,” he added.

After the events of the past two years, the population of the world is so vulnerable right now.

If another great pandemic does break out, it could easily rip right through much of the global population.

And if large numbers of people were to start dying, the level of fear would be off the charts, and governments around the planet would likely respond by instituting lockdowns that are even stricter than what we witnessed for COVID.

My hope is that such a horrifying scenario can be avoided.

So let us hope for the best, but let us also do what we can to prepare for the worst.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

12 Nightmarish Economic Trends That We Should Expect To See During The 2nd Half Of 2022

If you thought that the economic news was crazy during the first half of 2022, just wait until we get to the second half.  So many of the problems that we are experiencing now are going to continue to intensify, and Americans are becoming more pessimistic about economic conditions with each passing day.  In fact, as you will see below, a whopping 85 percent of us believe that it is “very likely” or “somewhat likely” that the economy will go through a recession at some point during the next year.  Of course the truth is that if all we have to suffer through is a “recession”, we would be extremely fortunate.  Our leaders have lost control of the economy, and many of us are extremely concerned about what is coming next.  The following are 12 nightmarish economic trends that we should expect to see during the second half of 2022…

#1 Gas prices will continue to surge higher, and many Americans will be shocked by how high they eventually go.  If you can believe it, in Washington State at least one gas station has now reprogrammed their gas pumps “to make room for double-digit pricing”

At the 76 Gas Station in Auburn, Washington located at 1725 Auburn Way North, gas pumps have been reprogrammed to make room for double-digit pricing. In March, they still had single-digit programming.

A spokesperson at 76 confirmed to The Post Millennial that the gas pumps were reprogrammed to allocate for double-digit pricing. Although not confirming that they are expecting prices to increase up to $10.00 or more, the current trend suggests the possibility.

Supplies of fuel will continue to get even tighter in the months ahead.  Earlier today, I heard from a reader on the east coast and a reader in the middle of the country that both said that diesel is now being rationed where they live.  So far, I have not been able to confirm that this is happening on a widespread basis.

#2 We are being warned that there could be extended blackouts in some parts of the nation during the summer months.  It is being reported that the middle of the country is particularly at risk

About 100 million Americans face power blackouts this summer as roasting weather, overstretched powerplants and unreliable green energy sources combine to create a perfect storm of problems.

States stretching from the Great Lakes to the Pacific Ocean which are home to tens of millions of Americans could have a hard time producing enough power for their residents this summer.

The ‘MISO’ part of America’s power grid – whose full name is the Midcontinent Independent System Operator is at greatest risk of a large-scale outage.

#3 Everyone pretty much agrees that food prices will continue to rise.  Of course they have already reached levels that are absolutely insane

Take the case of Jeff Good, who co-founded three restaurants in Jackson, Mississippi. Around 18 months ago, a 40-pound box of chicken wings cost him about $85. Now, it can go as high as roughly $150. Expenses for cooking oil and flour have nearly doubled in the past five months, he said. But it’s not just ingredient prices going up. He’s paying more for labor and services, too. Even the company that maintains his air conditioners has tacked on a $40 fuel charge per visit. To cope, he’s raised menu prices.

A 15-piece order of chicken wings, a signature dish at his Sal and Mookie’s pizzeria, went for $13.95 before Covid hit. Now, wing costs can vary so much they’re labeled at “market price,” like some restaurants do with lobster. At peaks, the menu price can be be about $27.95 — but that represents a barely-there margin — and Good estimates the “real cost” is closer to about $34. He’s trying to decide whether to keep raising prices or take wings off the menu.

I don’t know about you, but I don’t ever see myself paying 34 dollars for an order of chicken wings.

#4 As our supply chains endure even more stress, shortages will continue to intensify.  The extreme baby formula shortage that we are witnessing right now is just a preview of coming attractions

Two children in Memphis have been hospitalized after needing IV fluids and nutritional support due to the baby formula shortage.

The preschooler and toddler, both from different families, were rushed to Le Bonheur Children’s Hospital after their parents failed to secure formula as shelves across America go bare.

#5 The UN is telling us that we are heading into the worst global food crisis since World War II.  In some parts of Africa, the number of people suffering from “extreme hunger” has already more than doubled

More than 23 million people are experiencing extreme hunger in Ethiopia, Somalia and Kenya, according to a new report by Oxfam and Save the Children. That’s up from over 10 million last year.

The region’s worst drought in 40 years is being exacerbated by conflict and the pandemic. And the war in Ukraine has sent food prices soaring to record levels.

#6 Widespread hunger will almost certainly lead to more civil unrest.  Recent events in Sri Lanka give us an indication of what may be coming…

Protesters in Sri Lanka have burned down homes belonging to 38 politicians as the crisis-hit country plunged further into chaos, with the government ordering troops to “shoot on sight.”

Police in the island nation said Tuesday that in addition to the destroyed homes, 75 others have been damaged as angry Sri Lankans continue to defy a nationwide curfew to protest against what they say is the government’s mishandling of the country’s worst economic crisis since 1948.

#7 The Federal Reserve is likely to continue to aggressively raise interest rates.  In fact, Fed Chair Jerome Powell is openly admitting that his institution’s battle against inflation could cause “some pain” in the months ahead…

Federal Reserve Chairman Jerome Powell warned Tuesday the U.S. could feel “some pain” as the central bank raises interest rates to fight inflation, insisting the Fed would do whatever it takes to curb price growth.

During a live interview for The Wall Street Journal’s “Future of Everything” summit, Powell said the Fed will continue to raise interest rates until inflation starts to fall and the forces driving prices higher fade, even at the risk of a deeper economic slowdown.

#8 Higher interest rates will be devastating for the housing market in the United States.  And that is very troubling news, because home sales have already fallen for three months in a row

Home sales fell for the third consecutive month in April as rising mortgage rates and affordability challenges pushed many would-be home buyers out of the market.

#9 Defaults are likely to continue to rise higher.  Just like we saw right before the last financial crisis, defaults on subprime loans are really starting to surge

Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the U.S. is coming to an end.

The share of subprime credit cards and personal loans that are at least 60 days late is rising faster than normal, according to credit-reporting firm Equifax. In March, those delinquencies rose month over month for the eighth time in a row, nearing their prepandemic levels. Delinquencies on subprime car loans and leases hit an all-time high in February, based on Equifax’s tracking that goes back to 2007.

#10 As the economy slows down, we should expect layoffs to increase and jobless claims will eventually start to spike.  In fact, we just learned that they have now hit a four month high.

#11 Needless to say, all of this bad economic news is going to be really bad for stock prices.  The S&P 500 has already nearly fallen into bear market territory, and many believe that what we have witnessed so far is just the beginning.

#12 Many are warning that a recession is either already here or will arrive soon.  And Americans are increasingly becoming more pessimistic about the economy.  One survey that was recently conducted found that 85 percent of Americans believe that it is “very likely” or “somewhat likely” that there will be a recession at some point in the next year…

An overwhelming majority of Americans are expecting there to be a recession within the next year, according to a Quinnipiac University poll released Wednesday.

The poll found that 85 percent of Americans think it is likely for the country to go through an economic recession in the next year. Of those who responded, 45 percent said it is “very likely,” and 40 percent said “somewhat likely” for a recession.

The sort of historic economic meltdown that I have been warning about for years is rapidly approaching, and the mood of the nation will dramatically shift as conditions greatly deteriorate.

Already, we are starting to see a tremendous amount of anger out there.  Earlier today, I came across the following post on a very popular Internet discussion forum

Just want to vent. I am from middle Missouri, I am a single mom of 2 teens. My day job pays well and pays the bills well, a year ago my income would support us, bills, food, gas etc. i now have to work a second job just to feed us and put gas in my car. Eggs here went from .99 a carton to 1.99, ground beef went from 2.89 a pound to 4.99, and it goes on and on. Gas went from 1.90 to 4.29 a gallon. I am out of my mind scared it will only get worse. I have democrat friends that say “that’s how the economy works”. No it’s because Biden was giving out “covid” bucks to non working people taking advantage of the system, giving our money to Ukraine, shutting down gas lines in the US etc.

I can understand her anger.

Most Americans are working as hard as they can, but our standard of living is being systematically destroyed by the very foolish policies of our leaders.

Unfortunately, we are still only in the very early chapters of this crisis.

It looks like the second half of this year will be even more challenging than the first half, and that is going to have enormous implications for all of us.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

UTTER CARNAGE: The Stock Market Is Coming Apart Like A 20 Dollar Suit As Fear Sweeps Through Wall Street

This is starting to get really bad.  By now, you have probably heard that the stock market crashed again on Wednesday.  The carnage was immense, and the big names on Wall Street are deeply concerned about what will happen next.  But this wasn’t supposed to happen.  After falling for six weeks in a row, this was supposed to be the week when stock prices finally bounced back.  Needless to say, that isn’t what we are witnessing.  In fact, we just witnessed the worst day for the Dow since the early days of the COVID pandemic

The Dow shed 1,164.52 points, or 3.57%, to 31,490.07, or the average’s biggest decline since June 2020. The S&P 500 traded 4.04% lower to 3,923.68, also the worst drop since 2020. The Nasdaq Composite slipped 4.73% to 11,418.15, which is the largest fall in the tech-heavy index since May 5. The selling was broad and intense on Wall Street with just eight members of the S&P 500 in the green.

If the Dow breaks below the all-important 30,000 psychological barrier, this steady slide in stock prices could quickly evolve into a full-blown avalanche.

There is already a tremendous amount of fear on Wall Street, and at this point it won’t take much of a push to set off a colossal wave of panic.

On Wednesday, disappointing results from two of our largest retailers were being blamed for the renewed wave of selling.  Target “reported a stunning 52% drop in profit for the first quarter”, and Walmart stock “had its worst day in 35 years” after reporting numbers that were well below expectations.

It turns out that U.S. consumers have a lot less discretionary income to spend at retailers these days because they are having to spend so much more on basics such as food and gasoline.  And we are being warned that all retailers are likely to suffer as long as this highly inflationary environment persists…

“Any company that relies on households and discretionary purchases will likely suffer this quarter because a lot of discretionary income has been funneled to food and energy prices,” said Jack Ablin, founding partner of Cresset Capital.

There is only so much money to go around, and as I explained a few days ago, this inflationary spiral is systematically destroying our standard of living.

If prices stay at their current levels, the average U.S. household will spend approximately $5,000 a year just on gasoline…

U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research.

Of course gasoline prices are not going to stay at their current levels.

They just keep going higher and higher and higher.

In fact, the average price of a gallon of gasoline in the United States has now hit a brand new record high for nine days in a row

Wednesday was the 9th straight day that gas prices hit an all-time record high!

9 DAYS IN A ROW–

The price at the pump is now $4.56 per a gallon of regular gas.

Diesel also hit a new record. The price of diesel is now at $5.57 per gallon.

But if you think that $4.56 is bad, just wait until we get to the end of the summer.

JPMorgan is warning that the average price of a gallon of gasoline in the United States could hit 6 bucks just a few months from now…

The average price for gasoline in California hit $6 a gallon Tuesday for the first time — and analysts at JPMorgan are warning that price could be the national average before the end of the summer.

The startling forecast comes as US gas prices have surged to record highs in the aftermath of Russia’s invasion of Ukraine, casting a shadow over the economy.

“There is a real risk the price could reach $6+ a gallon by August,” Natasha Kaneva, head of global oil and commodities research at JPMorgan, told CNN in an email on Tuesday.

In a desperate attempt to get the inflationary spiral that they created under control, the Federal Reserve has started to recklessly raise interest rates.

Of course this is going to cause the housing market to crash, and we just got even more evidence that this is already starting to happen…

Homebuyer demand for mortgages tumbled last week as the average interest rate on the most popular U.S. home loan hovered near a 13-year high, a sign the red-hot housing market may be starting to cool off, according to new data from the Mortgage Bankers Association.

Mortgage applications to purchase a home dropped 12% on a weekly basis and are down 15% compared with the same week one year ago.

The housing bubble will not survive without low interest rates.

Neither will the stock market bubble.

But Fed Chair Jerome Powell doesn’t seem to care.

He is so spooked by inflation that he can’t seem to see any of our other rapidly growing problems.  In fact, he is now telling us that his institution may need “to consider moving more aggressively” in the months ahead…

Fed Chair Jerome Powell told a Wall Street Journal conference that the U.S. central bank will “have to consider moving more aggressively” if inflation that is running at a four-decade high fails to ease after earlier rate hikes.

In other words, Powell is openly admitting that the Fed may raise rates at an even faster pace by the end of this calendar year.

Oh boy.

The only reason why stock prices ever got so ridiculously high is because the Fed kept interest rates way too low for way too long, and because the Fed kept pumping trillions of fresh dollars into the system.

Now the Fed is taking away the punch bowl and is aggressively raising interest rates.

This is inevitably going to cause the bubble that they created to completely and utterly implode.

So if you want to know who to blame for the coming financial crisis, just look at the Federal Reserve.

Those that follow my work on a regular basis know that I have been a severe critic of the Fed for a very long time.

They got us into this mess, and now everyone is hoping that they can get us out of it.

You can put your faith in them if you want, but meanwhile I would highly advise that you brace yourself for the giant crash that has now started to happen.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Will The First Public UFO Hearing In Congress In 50 Years Help Set The Stage For A Great Delusion Of Epic Proportions?

Why have they suddenly decided to reveal so much?  For decades, a very thick cloak of secrecy has surrounded what the government really knows about UFOs, but now our politicians are talking openly about such things.  In fact, Congress just held their very first public hearing about UFOs in 50 years.  So what has changed?  If anything happens in Washington, it is usually because someone has an underlying agenda.  Could it be possible that we are being prepared for some sort of a huge revelation?

To me, it is clear that something is up.

And I think that it says a lot that the power structures in our society are now treating this topic very seriously.  At this point, even CNN is admitting that UFOs are no longer being “relegated to the fringes of public policy”…

Key lawmakers warned at a House hearing on Tuesday that unidentified aerial phenomena — popularly known as UFOs — must be investigated and taken seriously as a potential threat to national security.

The event marked the first congressional public hearing on UFOs in decades, a high-profile moment for a controversial topic that has long been relegated to the fringes of public policy.

During the hearing on Tuesday, U.S. officials confessed that there have been at least 400 “unexplained sightings” by members of our military…

US SPY chiefs were grilled by lawmakers in a historic hearing on UFOs as dramatic videos of two sightings were shown.

Security officials were forced to admit there have been 400 unexplained sightings reported by the US military .

That number is very different from the number that we were given in 2021.

Late last year, the Pentagon told us that there were just 144 unexplained sightings.

But now we are being told that the real number is nearly triple the original number.

And on Tuesday we were also told that there have been “11 near misses” with U.S. military aircraft…

They also confessed there have been 11 near misses with unidentified objects and US military aircraft, and they are probing incidents where craft may have attempted “jam” US planes.

So let me get this straight.

11 different times our aircraft were almost hit by other aircraft that we simply cannot identify?

Why weren’t we told about this a long time ago?

Of course there is so much more that the Pentagon is choosing not to tell us.  According to Politico, one Defense Department official is freely admitting that there is a great deal that is not being publicly revealed…

“Without forcing peoples’ hand, it is going to be very difficult to uncover legacy ventures and programs that we know about based on oral interviews we dug up,” said a Defense Department official who is involved in the new effort but was not authorized to speak publicly. “There has to be a forcing mechanism.”

“There has to be something to hold people accountable but also give them a chance to come out clean for a period of time,” the official added, noting that in his experience the Pentagon oversight group has been “stonewalled.”

That same official went on to explain that the people that are refusing to come forward are protecting some “very interesting information”.

I would definitely like to know what that “very interesting information” is.

Wouldn’t you?

I think that most of the population would be completely floored if everything that the government knows was finally put on the table.

According to one member of Congress, our military has actually recovered physical wreckage from a UFO that crashed…

A CONGRESSMAN has claimed the US has wreckage recovered from a UFO as the phenomena takes centre stage today in Washington.

Rep. Tim Burchett – a long term advocate for disclosure – told The Sun Online he has been informed by reliable sources that “material” has been recovered from the objects or craft that have been reported in skies over the US.

So why can’t the American people know about this?

What are they trying to hide from us?

Burchett says that he can’t say more because this information was given to him in a “classified setting”

The Tennessee Republican declined to elaborate further as he said the information had been passed to him in a “classified setting”.

“I’ve been told by multiple sources we have recovered something from these [crafts or objects],” Mr Burchett told The Sun Online.

It is so frustrating to hear about this and know that we will probably never be given the specific details.

The American people deserve the truth, but so much is being purposely hidden.

Lue Elizondo, a former senior staffer at the Pentagon, says that there has been much speculation in military circles about the true source of these unidentified craft

‘People jump to speculation that it’s from the Pleiades or something like that, when in fact one of the hypothesis when I was in AATIP was this could be as natural to Earth as we are, but we are just at a point where technologically we aren’t advanced enough we can collect information on it and begin to try to figure out what it is,’ he said.

‘There’s been another hypothesis that these things are possibly from underwater and as outlandish as it may seem, there is some anecdotal evidence that supports all of these observations, so what we want to do is try to get as much data on the table as we can before we start eliminating,’ said Elizondo.

He said way too much right there, because he got way too close to details that we aren’t supposed to know about.

If he keeps talking like that, he could end up being killed.

Because even though our officials are now talking more openly about UFOs, there are still many things that they would very much prefer to keep secret.

In my latest book, I talk extensively about the great deception that I believe is coming.

These unidentified aircraft are very real, and every year they are spotted thousands upon thousands of times all over the globe.

Now this subject is being brought out into the spotlight, and that should make all of us very nervous.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Your Standard Of Living Is Being Systematically Destroyed

Most Americans didn’t understand that the exceedingly foolish decisions of our leaders would eventually have a major impact on how they live their lives every single day.  But there are some of us that did.  Many of us literally begged our politicians to stop borrowing and spending trillions upon trillions of dollars that we did not have.  But they refused to listen.  And many of us literally begged the officials at the Federal Reserve to stop pumping trillions upon trillions of fresh dollars into the financial system.  Of course they wouldn’t listen to us either.  Now our standard of living is steadily being eviscerated, and most of the population seems quite surprised that this is happening.

Flooding our economy with money was inevitably going to create an inflation crisis, and that is precisely what has happened.

Back in May 2020, the average price of a gallon of gasoline in the United States was $1.96.

One year later, the average price of a gallon of gasoline in the United States was $3.08.

That was more than a 50 percent increase in just 12 months.

But that wasn’t the end of the story.

On Sunday, the average price of a gallon of gasoline in the United States hit an all-time record of $4.47.

Then on Monday it hit another all-time record of $4.48 per gallon.

That means that the price of gasoline has risen almost another 50 percent since May 2021.

Has your paycheck gone up by 50 percent during each of the last two years?

Needless to say, most of you cannot answer that question affirmatively.

Of course some areas of the country are being hit harder than others.  In California, the average price of a gallon of gasoline has now reached $5.92.

But just wait until the war in the Middle East starts.

Once that occurs, it won’t be too long before many Americans are paying 10 dollars for a gallon of gasoline.

Meanwhile, food prices in the U.S. are rising at a pace that is unlike anything that I have ever seen before.  Just check out these extremely alarming numbers that the government released last week

Thursday’s report showed a broad-based rise in the cost of food at the wholesale level, with grains up 41.3 percent from a year ago as Russia’s war in Ukraine raises world prices. Both Russia and Ukraine are major grain producers.

The cost of eggs skyrocketed 161.3 percent, driven up by a bird flu outbreak that has killed 10 percent of chickens in the US. Processed young chickens were up 24.1 percent from a year ago.

Fresh vegetables were up 45.7 percent and fresh fruit rose 17.3 percent.

Eating fresh vegetables is a very good thing to do.

But now they will cost you 45 percent more than they did a year ago.

Has your paycheck gone up by 45 percent over the past year?

Sadly, food prices have been going crazy all over the globe, and this is going to hurt those on the bottom of the economic food chain the hardest.

In fact, the head of the Bank of England is using the word “apocalyptic” to describe the impact that these prices will have on the poor…

The Bank of England governor has blamed the war in Ukraine for the highest inflation in the UK for three decades and warned that “apocalyptic” food prices caused by Russia’s invasion could have a disastrous impact on the world’s poor.

And the head of the UN World Food Program is warning that extremely painful food prices could lead to widespread civil unrest in many areas of the planet…

A perfect storm of war, extreme weather and Covid-19 will drive global food prices to levels that will cause social unrest in some parts of the world, according to David Beasley, head of the United Nations World Food Programme.

“If people can’t feed their children and their families, then the politics unsettles,” Beasley told CNN during a conference on Thursday.

If you have been waiting for everything to “go back to normal”, you can stop.

Because it isn’t going to happen.

Homes are becoming a lot less affordable too.

As a result of a “combination of rising home prices and higher interest rates”, the average payment on a new mortgage is now 38 percent higher than it was 12 months ago in the United States…

The combination of rising home prices and higher interest rates — driven largely by the Federal Reserve’s more aggressive efforts to curb inflation — hiked monthly mortgage payments on the typical U.S. home by 19.5 percent in the first three months of the year, according to real estate listing service Zillow. Payments are 38 percent higher than a year ago.

Has your paycheck gone up by 38 percent over the past year?

I keep asking questions like that to point out the fact that your standard of living is being systematically destroyed.

It wasn’t just an intellectual exercise when I penned long article after long article about the evils of debasing our currency.

This is real.

I wasn’t joking when I warned that we were committing financial suicide.  Now a day of reckoning has arrived, and everyone is expecting the same clowns that got us into this mess to get us out of it.

It ain’t gonna happen.

Once the next major crisis comes along, our leaders in Washington will respond by borrowing and spending even more money, and the “experts” at the Fed will respond by pumping even more fresh cash into the system.

And ultimately we will have the kind of horrific inflationary meltdown that I have been warning about for years.

Things didn’t have to turn out this way.

But the American people just kept sending big spenders to Washington, and any political candidates that dared to be critical of the Federal Reserve were considered to be “fringe”.

Now we get to reap what we have sown, and it will not be fun at all.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future

If you think that the food and diesel shortages are bad now, then you will be absolutely horrified by what the globe is experiencing by the end of the year.  All over the planet, food production is being crippled by an unprecedented confluence of factors.  The war in Ukraine, extremely bizarre weather patterns, nightmarish plagues and a historic fertilizer crisis have combined to create a “perfect storm” that isn’t going away any time soon.  As a result, the food that won’t be grown in 2022 will become an extremely severe global problem by the end of this calendar year.  Global wheat prices have already risen by more than 40 percent since the start of 2022, but this is just the beginning.  Meanwhile, we are facing unthinkable diesel fuel shortages in the United States this summer, and as you will see below there are “no plans” to increase refining capacity in this country for the foreseeable future.

If you had told me six months ago that we would be dealing with the worst baby formula shortage in U.S. history in the middle of 2022, I am not sure that I would have believed you.

But that is precisely what we are now facing.  One young couple in Florida searched stores in their area for four hours and couldn’t find anything

When Erik and Kelly Schmidt, both 35, went into a Central Florida Target store this week to buy their usual baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf.

The pair then embarked on a half-day journey in search of formula, any formula, and their quest didn’t end there. “We spent over four hours going to every Target, different Walmarts, different grocery stores, just finding absolutely nothing,” Erik Schmidt said.

Of course the Biden administration has made sure that there is enough baby formula for migrants that are illegally crossing the border, but for millions of ordinary American families this crisis has become a complete and utter nightmare.

One father actually broke down in tears right in the middle of the baby formula aisle in Walmart because things have become so desperate for his family…

Sara Owens, of Florence County, said she was hunting for baby formula for his six-month-old daughter, Namoi, amid a nationwide shortage when she encountered a dad break into tears after driving from store to store looking for his daughter’s brand of formula.

‘As tears continued to stream down his face he said ‘I never thought I would be crying because I can’t find what my child has to have,” Owens wote in the Facebook post that’s been shared more than 180,000 times. ‘My heart broke to 100 pieces on the formula aisle in Walmart.’

Sadly, we shouldn’t expect any improvement any time soon.

As I discussed last week, the Biden administration shut down one of the most important baby formula manufacturing facilities in this country a while ago, and the CEO of Abbott Nutrition says that it will take a few months to get products back on the shelves once the FDA finally allows them to reopen the plant…

Meanwhile, the plant remains closed as the company works to make upgrades to the facility to meet the FDA’s recommendations. Abbott says it can have products from the facility back on store shelves after a few months once the FDA signs off on them doing so.

Needless to say, baby formula is not the only thing in short supply right now.  As shortages grow and prices spiral out of control, grocery stores are increasingly becoming prime targets for thieves.

In fact, things have already gotten so bad in the Midwest that one major supermarket chain has decided to post armed guards in their stores

The shoulder patches say, “A Helpful Smile in Every Aisle,” but the police-style uniforms, complete with belts with holstered taser and possibly handguns, may send a very different message as Hy-Vee deploys a new retail security team in its stores.

The West Des Moines-based supermarket chain will begin introducing its own security force “as part of its ongoing efforts to ensure the health and safety of both its customers and employees,” the company announced in a news release on Dec. 29. The program will roll out throughout 2022, but security teams are already present in some stores.

As I have warned for many years, eventually we will see armed guards in supermarkets and on food delivery trucks all over the nation.

In the months ahead, food production is going to be way below expectations all over the globe.  The following summary of what farmers are currently facing comes from Zero Hedge

Across the world, top wheat-producing regions are experiencing adverse weather conditions that could threaten production. In places like Ukraine, a military invasion by Russia has slashed production significantly. All of this suggests the world is on the cusp of a food crisis.

Droughts, floods, and heatwaves have plagued farmland in the U.S., Europe, India, and China. As for Ukraine, the world’s largest wheat producer, the war could slash production by upwards of a third.

As I have previously detailed, some countries have already decided to ban certain types of agricultural exports as they brace for the coming global food crisis.

And we just learned that India has now decided to ban the export of all wheat

India, the second-largest producer of wheat, has banned exports of the commodity, due to a risk to its food security.

A Friday notice in the government gazette signed by Santosh Kumar Sarangi, the Director General of Foreign Trade, said that a “sudden spike” in the global prices of wheat was putting India, neighboring and other vulnerable countries at risk.

This is huge.

Supplies of food are getting tighter with each passing week, and this is already starting to spark food riots all over the world.

For example, we witnessed some very emotional protests in Iran last week

Protests broke out in Iran Thursday after the government cut subsidies for food, sending prices through the roof as authorities brace for more unrest in the following weeks.

In videos shared on social media, protesters can be seen marching through Dezful and Mahshahr in the southwestern province of Khezestan, chanting “Death to Khamenei! Death to Raisi!” referring to Iranian President Ebrahim Raisi has promised to create jobs, lift sanctions, and rescue the economy.

And in Sri Lanka the citizens are so angry that they are actually burning down the homes of politicians

Protesters in Sri Lanka have burned down homes belonging to 38 politicians as the crisis-hit country plunged further into chaos, with the government ordering troops to “shoot on sight.”

Police in the island nation said Tuesday that in addition to the destroyed homes, 75 others have been damaged as angry Sri Lankans continue to defy a nationwide curfew to protest against what they say is the government’s mishandling of the country’s worst economic crisis since 1948.

This is just the tip of the iceberg.

Things will get really crazy in the months ahead as global food supples get a whole lot tighter.

Meanwhile, we are being warned that there is likely to be a “diesel fuel shortage on the East Coast” during the months ahead…

The possibility of a diesel fuel shortage is being monitored as diesel fuel prices across the country and in Maryland continue to surpass all-time highs.

According to fuel industry experts, all signs are pointing to a potential diesel fuel shortage on the East Coast that could cripple an already fragile supply chain.

Last week, the price of diesel fuel in the U.S. rose to an all-time record high of $5.62 a gallon, and it is only going to go higher.

The biggest reason why we are facing such a supply crunch right now is because there are “simply too few refineries turning oil into usable fuels”

From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both US travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.

Surely more refineries are being built to meet the growing demand, right?

Wrong.

Mountains of regulations that have been instituted by our politicians make it extremely difficult to build and operate a new refinery in this country.

As a result, we are being told that “the supply squeeze is only going to get worse” for the foreseeable future…

More than 1 million barrels a day of the country’s oil refining capacity — or about 5% overall — has shut since the beginning of the pandemic. Elsewhere in the world, capacity has shrunk by 2.13 million additional barrels a day, energy consultancy Turner, Mason & Co. estimates. And with no plans to bring new US plants online, even though refiners are reaping record profits, the supply squeeze is only going to get worse.

To a very large degree, we have done this to ourselves.

And as I keep telling my readers, decades of very foolish decisions are starting to catch up with us in a major way.

Our trucks and our trains run on diesel, and so a shortage of diesel will only make our ongoing supply chain crisis even worse.

This nightmare never seems to end, and there will be plenty of pain in the months ahead.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

That Giant Sound You Just Heard Was The Housing Market Starting To Crack

It is happening again.  More than a decade ago, we witnessed an absolutely unprecedented “housing bubble” in the United States followed by a horrific crash that resulted in millions of Americans losing their homes and a financial catastrophe on Wall Street that we still talk about today.  But instead of learning our lessons from that disaster, we are repeating history instead.  The “housing bubble” that we are currently experiencing is far larger than the one that burst in 2008, and everyone knew that if mortgage rates rose high enough it could cause the bubble to burst.  Unfortunately, that is precisely what is taking place.  The average 30 year fixed mortgage rate was sitting at 2.67 percent in December 2020, and now it has risen to 5.30 percent.  In case you are bad at math, that means that the average 30 year fixed mortgage rate has roughly doubled, and that is extremely bad news for the housing market.

The combination of rapidly rising prices and soaring interest rates means that homes have become far less affordable these days.

According to CNN, U.S. home prices have jumped almost 21 percent compared to a year ago…

It’s understandable that homeowners, in particular, might be worried about a potential housing market crash — 2008 is our most recent example of what can happen after an incredible run-up in home values. And we’ve never seen a market hotter than this one. The typical US home is worth nearly 21% more than it was just a year ago, a record that’s been reset each of the past 12 months.

Meanwhile, mortgage rates have gone absolutely nuts.  According to Freddie Mac, the average 30 year fixed mortgage rate went from 2.97 percent last April to 5.11 percent this April.

That is a seismic shift.

As a result of this shift, the typical monthly payment for someone buying a home went from $1,124 in December 2020 to $1,742 in April 2022.  That represents a whopping 55 percent increase

Here’s how the numbers look for the typical home in the U.S.: The median price for a home has risen from $309,200 in December 2020 to $357,300.

Over that same period, interest rates rose from 2.67% to 5.08% this week. With a 10% down payment, that has pushed the monthly payment up from $1,124 to $1,742 — a whopping 55% increase. That’s upward of $600 a month on that $357,000 home. That’s the impact of higher prices together with rising rates.

And the truth is that the typical monthly payment is even higher here in May, because the average 30 year fixed mortgage rate has shot up to 5.30 percent

The average 30-year fixed mortgage rate was 5.3% the second week of May, according to the government-backed mortgage buyer Freddie Mac. That’s the highest it’s been since 2009. Six months ago, mortgage rates were in the 3% range.

This is the highest that mortgage rates have been since July 2009.

And in July 2009 we were living through the aftermath of the worst housing crash in all of U.S. history.

Will the coming collapse be even worse?

Data that is coming in for the month of April seems to indicate that the market is already starting to crack

As data trickles in for April, it’s becoming clear that the historically hot housing market has flipped trajectories. It’s now in cooling mode. The number of homes listed for sale is rising again. Fewer shoppers are scheduling tours. And Redfin reports 15% of home sellers in April cut their asking price—up from 9% a year ago.

And it appears that things could rapidly get even worse.

The following quotes from industry insiders were recently posted on Zero Hedge

  • Washington DC builder: “Traffic half what it was in March. Worried about first time buyers. Many fewer REAL buyers than number of people collected on interest list last 6 months. Certainly more attempts [from buyers] to negotiate.”
  • Seattle builder: “Pause by a large population of buyers. To achieve our desired [sales] pace, we had to make price adjustments. Rates starting to knock people out of qualification.”
  • Riverside San Bernardino builder: “Cancellations are starting to creep up due to loan declines and job losses. Waiting lists are certainly smaller. Saw an immediate change in buyer behavior when rates climbed over 5%.”
  • Los Angeles builder: “Buyers who are stretching to purchase have become more cautious.”
  • San Diego builder: “Buyers are definitely a bit more edgy.”

The market has clearly peaked, and now we are getting ready for the long ride downhill.

And it won’t be pretty.

If the Federal Reserve wanted to support the housing market, it would keep interest rates low, but the Federal Reserve has decided not to do that.

Instead, the Federal Reserve is recklessly raising interest rates because it is so scared of inflation.

The Fed has warned us that more rate increases are on the way in the months ahead, and that will undoubtedly push mortgage rates even higher.

When asked if he could engineer a “soft landing”, Fed Chair Jerome Powell was very honest about the fact that he could not guarantee one

Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority.

Powell said he couldn’t promise a so-called soft landing for the economy as the Fed raises interest rates to tamp down price increases running near their fastest pace in more than 40 years.

If a plane does not have a “soft landing”, what kind of landing does it have?

Needless to say, the only other options are a bumpy landing or a crash.

Sadly, it appears that our housing market is in for either a bumpy landing or a crash as well.

And considering how much larger this housing bubble is compared to all other U.S. housing bubbles throughout history, I would say that the odds of a crash are really quite high.

The party was fun while it lasted, but now it has come to a screeching halt.

I hope that you are prepared for what comes next.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.