Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s

If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then.  In the 1970s, an energy crisis caused tremendously long lines at gas stations all over the country.  In 2021, we don’t have a shortage of gasoline, but shortages of other key products are starting to cause very serious problems.  In fact, as you will see below, even the Biden administration is publicly admitting that there will be “supply chain disruptions” in the months ahead.  The 1970s also featured extremely painful inflation, and I certainly don’t need to tell you that prices have been rising very aggressively lately.  In fact, Bloomberg is using the term “skyrocketing” to describe the “upward trajectory” of commodity prices…

The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life.

From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The rally threatens to raise the cost of goods from the lunchtime sandwich to gleaming skyscrapers. It’s also lit the fuse on the massive reflation trade that’s gripped markets this year and pushed up inflation expectations. With the U.S. economy pumped up on fiscal stimulus, and Europe’s economy starting to reopen as its vaccination rollout gets into gear, there’s little reason to expect a change in direction.

Over the past year, the Federal Reserve has pumped more money into the financial system than ever before, and the U.S. government has been on a wild spending spree that makes Zimbabwe look fiscally conservative.

It was inevitable that this was going to cause rampant inflation, but the numbers that we are starting to see are so crazy they are difficult to believe.  A couple weeks ago, Charlie Bilello posted a summary of how commodity prices have changed over the past year…

Lumber: +265%
WTI Crude: +210%
Gasoline: +182%
Brent Crude +163%
Heating Oil: +107%
Corn: +84%
Copper: +83%
Soybeans: +72%
Silver: +65%
Sugar: +59%
Cotton: +54%
Platinum: +52%
Natural Gas: +43%
Palladium: +32%
Wheat: +19%
Coffee: +13%

At this point, nobody can deny what is happening, and even the Biden administration is admitting that there will be “supply chain disruptions” and “transitory increases in prices”…

Council of Economic Advisers chair Cecilia Rouse said on this week’s broadcast of “Fox News Sunday” that they expect to see some “transitory inflation” as America is coming out of the coronavirus pandemic.

Anchor Chris Wallace said, “Can you guarantee with all this spending that we are not going to have a new round of overheating the economy and serious inflation?

Rouse said, “These are very serious concerns, and we know that coming out of an extremely deep recession that there are going to be bumps along the way. We expect that there is going to be supply chain disruptions. That will cause some transitory increases in prices.”

Biden administration officials would like for us to believe that this inflationary period will just be “temporary”, but exactly how do they plan to achieve that?

Do they have a plan to somehow pull trillions of dollars out of the system?

No, they are planning to borrow and spend trillions more.

In the 1970s, double-digit inflation made headlines for years on end.  Many people believe that we are well on the way to a return to such levels, but according to John Williams of shadowstats.com, we are already there.  In fact, if inflation was still calculated the way that it was back in 1980, we would already be in double-digit territory.

And for certain items, we are already seeing inflation that is off the charts.

For example, the price of corn is up more than 30 percent so far in 2021…

From tortillas to cornbread, some of your favorite corn-based dishes may go up in price late this summer.

Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch.

Corn is used in hundreds of different products at the grocery store, and so this is going to dramatically affect the food budgets of millions upon millions of American families.

Meanwhile, we continue to see more shortages start to emerge.  Last week, the mainstream media was freaking out over our new nationwide chicken shortage

A chicken shortage is taking place across the country, much of it fueled by the chicken sandwich craze at fast food chains such as KFC and Bojangles, which are having a hard time keeping up with soaring demand. Experts say February’s massive winter storm in Texas also contributed to gaps in the supply chain.

That shortage is supposed to be “temporary”, but analysts are warning that the current computer chip shortage could last until 2022.

But despite all of the problems that I just detailed, Americans are increasingly optimistic about the future.

In fact, one recent poll found that a whopping 64 percent of all Americans “are optimistic about the direction of the country”

Nearly two-thirds of Americans (64%) are optimistic about the direction of the country in the poll, which was conducted by Ipsos in partnership with ABC News using Ipsos’ KnowledgePanel.

And Americans are also extremely optimistic about the stock market.  If you can believe it, Americans now have more of their assets invested in the stock market than ever before

Individual investors are holding more stocks than ever before as major indexes climb to fresh highs. They are also upping the ante by borrowing to magnify their bets or increasingly buying on small dips in the market.

Stockholdings among U.S. households increased to 41% of their total financial assets in April, the highest level on record. That is according to JPMorgan Chase & Co. and Federal Reserve data going back to 1952 that includes 401(k) retirement accounts.

Most Americans seem to believe that happy days are here again, and the stage is set for an immense nationwide emotional meltdown once this “bubble of hope” inevitably bursts.

Anyone that believes that things are going to get better has a fundamental misunderstanding of the times in which we live.

We have just been through the most painful year for the U.S. economy since the Great Depression of the 1930s, and I know that most people would like to see things turn around, but that simply is not going to happen.

Very dark days are ahead, and those that are trusting Joe Biden to save America are going to be bitterly, bitterly disappointed.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Tens Of Millions Of “Working Poor” Americans Are Suffering Very Deeply Due To Biden’s Economic Policies

The Biden administration and the corporate media insist that we are witnessing an “economic recovery”, but it sure doesn’t feel like any sort of a “recovery” for America’s working poor.  Tens of millions of working Americans are trying to survive from month to month on stagnant or declining wages at a time when Biden’s economic policies have caused the cost of living to soar.  Our leaders in Washington always seem to think that spending more money is the solution to almost every crisis, and in recent months we have seen the money supply grow at an unprecedented rate.  Those that have been showered with government money are grateful, but all of this new money is also going to make life much tougher for those on the very bottom of the economic food chain.

Just because someone “has a job” does not mean that individual is doing okay in this economy. Greyhound bus driver Marvia Robinson has never had to file for unemployment benefits during the COVID pandemic, but her wages declined substantially, and she got way behind on her rent

Last year, as the COVID-19 pandemic brought the nation’s travel economy to a standstill, Robinson’s hours were. cut, her pay dwindled – to as little as $65 for one two-week period – and she fell behind on her rent. By January, she owed $4,920.38. So she emailed Invitation Homes to ask if it would accept funds from a county program that gives landlords $4,000 in back rent.

In an email response reviewed by Reuters, Invitation Homes told Robinson the company was not participating in the program “due to the landlord restrictions,” without explaining what that meant. The company then sent Robinson an email with links to information about other government and nonprofit relief programs, as well as payday lenders, food banks, the Coalition for the Homeless and ways to make money by selling hair, plasma and donor eggs.

Various eviction moratoriums are protecting multitudes of people that are way behind on their rent, but they didn’t help in Marvia’s case, and she was tossed out on the street on March 9th

In February, an Orange County judge approved Robinson’s eviction. On March 9, two sheriff’s deputies showed up at Robinson’s taupe two-story rental south of the city, bolted the doors and changed the locks.

So what is Marvia supposed to do now?

She works extremely hard, but it still wasn’t enough to keep her from being tossed out into the cold.

Overall, Moody’s Analytics is projecting that 7 million Americans will owe a total of $40 billion in back rent by the end of May.

Like Marvia, many of those people actually have jobs.

When I asked Google how many Americans are classified as “working poor”, it gave me a number from 2018…

About 38.1 million people, or 11.8 percent of the nation’s population, lived below the official poverty level in 2018, according to the U.S. Census Bureau.

Needless to say, that number is almost certainly far higher by now thanks to the economic depression that we have experienced over the past year.

And guess which state now has the highest level of “functional poverty”?…

As the California Legislature churned toward adjournment last week, its members received another reminder that the state’s most vexing — and shameful — socioeconomic malady persists.

The Census Bureau reported that California still has the highest level of functional poverty of any state, averaging 18.2% of its 40 million residents impoverished during the three preceding years.

The state that has the most tech billionaires also has the most people living in poverty right now.

Isn’t that ironic?

In their desperation to jumpstart the economy, our leaders in Washington have been creating, borrow and spending money like this is no tomorrow.

Just look at what this has done to our money supply.  The following chart which comes directly from the Federal Reserve shows the stunning growth of M2 since the beginning of the pandemic…

Of course this was going to drive the cost of living higher, and food prices are one thing that I am watching very, very carefully.

Just a few days ago, Bloomberg published an article entitled “The Grocery Price Shock Is Coming to a Store Near You”

Corn, wheat, soybeans, vegetable oils: A small handful of commodities form the backbone of much of the world’s diet and they’re dramatically more expensive, flashing alarm signals for global shopping budgets.

This week, the Bloomberg Agriculture Spot Index — which tracks key farm products — surged the most in almost nine years, driven by a rally in crop futures. With global food prices already at the highest since mid-2014, this latest jump is being closely watched because staple crops are a ubiquitous influence on grocery shelves — from bread and pizza dough to meat and even soda.

Food prices have been aggressively rising for 10 months in a row, and there are several factors that are leading analysts to project that they will continue to rise in the months ahead…

The most recent crop spikes follow months of price gains fueled by booming import demand from China. Corn prices have doubled in the past year, while soybeans are up about 80% and wheat 30%. With China’s purchases continuing and a spate of adverse weather conditions threatening crops in Brazil and the U.S., there are few signs of respite.

As food prices move higher and higher, this will put additional stress on tens of millions of “working poor” Americans that are barely scraping by from month to month.

The good news is that nobody in the U.S. is starving at this point, but the same can’t be said about the rest of the world.

Global hunger is on the rise, and one expert is warning that things are starting to get really bad out there

“The relentless rise in prices acts as a misery multiplier, driving millions deeper into hunger and desperation,” Chris Nikoi, the World Food Programme’s regional director for West Africa, said earlier this month. It’s “pushing a basic meal beyond the reach of millions of poor families who were already struggling to get by.”

As I detail in my most recent book, we are moving into a time when there will be horrific global famines.

We all know this is coming, and so we should be getting prepared ahead of time.

Of course there are tens of millions of Americans that can’t afford to get prepared because they don’t have any extra money at all each month.

With each passing day, more Americans are falling out of the middle class and into poverty, and everything that our leaders in Washington do seems to make things even worse.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Vast Stretches Of America Have Now Descended Into A State Of Deep Economic Hopelessness

Even though the stock market has been booming and the corporate media is full of talk about “recovery”, there are many communities in the United States where a permanent atmosphere of despair seems to hang in the air.  The federal government gives us doctored numbers that show that the national unemployment rate is low, but in small towns all across the country it seems like almost everyone is either unemployed or working extremely low paying jobs.  Earlier this month, one such town was profiled by USA Today.  Even before the COVID pandemic came along, the little town of Ogdensburg, New York was deeply struggling, but now economic conditions have become extremely dire

Ogdensburg is tiny and desperately poor, so it experiences these national trends in concentrated form. The median house in this city of 10,000 people sells for $68,000, according to the U.S. Census. The average family earns $42,000 a year, and 2,300 residents live below the federal poverty line, giving Ogdensburg a poverty rate 75% higher than the rest of New York State.

Then the economy closed. The governments of Canada and the United States tried to limit the spread of COVID-19 by shutting the international border, including the curvy suspension bridge between Ogdensburg and Prescott, Ontario. In the small industrial park east of town, the few remaining warehouses and Canadian-owned factories shut down. The hospital in Ogdensburg furloughed 174 people. Most restaurants and grocery stores stayed open, primarily by firing every person they could.

Like millions of other Americans, most people living in Ogdensburg are just trying to find some way to survive month after month.

The fact that stock market investors are rolling in giant mountains of cash doesn’t matter to the citizens of Ogdensburg.  At this point the city government is “nearly bankrupt”, and the latest economic downturn has fueled “a spike in narcotics overdoses and deaths”

The economic collapse fueled further crises. Ogdensburg’s city government is nearly bankrupt, says City Manager Stephen Jellie. Stores that depend on customers crossing the border from Canada are nearly empty. The pandemic closed 12-step groups across the St. Lawrence Valley, causing a spike in narcotics overdoses and deaths.

Ogdensburg’s struggles started 62 years before the pandemic, when the opening of the St. Lawrence Seaway destroyed the city’s port. Now the city faces so many problems simultaneously, it’s difficult for people here to imagine what “recovery” even means.

Of course Ogdensburg is far from alone.

Similar articles could have been written about thousands of other towns and cities from coast to coast.  There is so much economic pain out there right now, and it is getting worse with each passing month.

As he drives to work each day, Federal Reserve Chair Jerome Powell gets a firsthand view of the economic suffering that he has helped to cause.  Just two blocks away from his office, a tent city has sprung up that just keeps growing and growing

As he drove past the intersection of 21st and E streets in Northwest Washington, a 68-year-old man peered through the window,struck by an encampment of homeless people here that grew from 10 tents to 20 in the past year. Then 30. Now 40.

The people living in those tents had no idea that their burgeoning village kept this man, Federal Reserve Chair Jerome Powell, up at night, or that he kept thinking about them as he drove two blocks south to his office. Powell doesn’t know their names or backstories, either. But what he saw was clear. A visceral reminder of the uneven economic recovery. Right there in the Fed’s shadow.

Powell sure seems to know how to shower stock market investors with cash, but he appears to be powerless to do anything about the tent cities that are mushrooming all over the nation.

Unfortunately, the housing crisis in this country is only going to get worse.  As foreign governments, real estate investment companies and wealthy individuals gobble up properties at a feverish pace, millions upon millions of ordinary Americans are being priced out of the market.

This is particularly true for young adults.  At this point more of them have moved back home with their parents than ever before

The number of adults aged 18-34 living at home with their parents continues to accelerate to levels not seen in decades, according to Goldman Sachs, citing US Census Bureau data which found that just over 33% have returned to the nest.

And while real estate in major markets is booming, the percentage of young adults in the ‘boomerang generation’ – who leave the nest only to return years later – has taken a dive, as unemployment and punishing (self-inflicted) student debt has forced many younger Americans out of the housing market.

But at least the financial markets have been doing well, right?

If you believe that this financial bubble is real, you are just deceiving yourself.  It isn’t going to last, but the social decay that is rapidly growing all over America will.

Earlier today, I came across an article that claimed that the “knockout game” has now returned to New York City

Areas of the city which were generally thought to be safe, such as Midtown Manhattan, Chelsea and the leafy Upper West Side, have all been locations on random assaults in recent months.

Some are describing the assaults as proof of the return of the so-called ‘knockout game.’

And civil unrest continues to rage in many of our major cities on an almost nightly basis.  In fact, rioters in Portland set an Apple Store on fire on Friday night

Despite advance warnings, Portland Police Bureau officers were powerless to stop another night of rioting, arson, and gunfire carried out by Antifa. Rioters set multiple fires and engaged in drive-by gunfire.

Antifa rioters set an Apple Store on fire Friday night during the third declared riot in five days. The fire was one of the multiple fires Portland police officers were powerless to prevent.

Didn’t those rioters know that Apple is a “woke” company?

Sadly, those involved in the rioting, looting and violence are not going to check whether you are “woke” or not when they come to your neighborhood either.

As I have warned for a very long time, civil unrest in the United States is going to rise to absolutely horrific levels.

A lot of people out there expected the civil unrest to go away once Joe Biden got into the White House, but that obviously hasn’t happened.

As economic conditions deteriorate, people are only going to get even angrier, and the rest of the world will watch with great interest as American cities burn.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

This Economic Depression Has Left Very Deep Economic Scars All Over America

The last 12 months have been pure hell for the U.S. economy. According to Oxxford Information Technology, approximately 4 million U.S. businesses permanently closed their doors in 2020.  We have never seen that many businesses wiped out in such a short period of time in the entire history of our country.  Meanwhile, we have seen a tsunami of unemployment that has been absolutely unprecedented.  More than 70 million new claims for unemployment benefits have been filed during the pandemic, and the number of new claims each week continues to hover at a level that is about three times as high as we witnessed before the pandemic.  Currently, the Economic Policy Institute is telling us that “25 million American workers are either unemployed, underemployed or have pulled out of the workforce entirely”.  This economic depression has already been extremely painful, and many experts believe that a whole lot more economic pain is still on the horizon.

If you are doing well in this economic environment, you should be very thankful for your blessings, because millions of other Americans are suffering greatly.  One of those Americans that is deeply suffering is named Denitra Pearson

One hundred and forty days have passed since Denitra Pearson lost her job caring for the elderly in their homes. Forty-two days have passed since she, her husband, and children lost all their belongings after a fire engulfed their house on a snowy winter night.

They’re now living in a hotel.

Denitra has six kids to care for, and the only “job” that she has been able to find is low-wage work vaccinating people at a local clinic

Pearson, a New Haven mother of six, has an associate’s degree and two job certificates but only one of the dozens of applications she’s filled out has led anywhere, landing her another low-wage job at a local clinic vaccinating people against COVID-19. Her husband, who was a chef at a nearby university before the pandemic disrupted the college campus, is still looking for work.

This economic depression has pushed millions of formerly middle class Americans into poverty, and for many of them life will never be the same again.

At this point, the Bureau of Labor Statistics says that a whopping 2.4 million Americans have been unemployed for 52 weeks or longer…

Nearly 2.4 million Americans were unemployed 52 weeks or more in March, according to the Bureau of Labor Statistics.

That’s almost double the number in February and is about 1.6 million more people than in March 2020.

Could you imagine being out of work for that long?

Almost one-fourth of all of our unemployed workers have been out of a job for at least 12 months, and one economist that was interviewed by CNBC is calling that fact “pretty breathtaking”

“I think that number is pretty breathtaking, that nearly a quarter of unemployed workers have been unemployed for over a year,” said Heidi Shierholz, director of policy at the Economic Policy Institute and former chief economist at the Department of Labor from 2014 to 2017.

“It really shows that even as the economy is recovering, you have a lot of the same people who have been unemployed throughout this whole damn thing,” she added.

I feel particularly bad for college students that are graduating in this sort of environment.

Many of them went in with such high hopes and dreams, but now the job opportunities that they were promised are not materializing.

College senior Bao Ha will be graduating this year from Macalaster College in Minnesota, but he hasn’t even been able to land an interview even after applying for more than a hundred jobs

The job market is starting to roar back, but for anxious college seniors like Bao Ha, it’s a different reality altogether.

“I’ve probably applied to like 130 or 40 jobs or something,” Ha says. “I have not gotten even an email back, or an interview.”

College graduate Erica Schoenberg is in the same boat.

She hasn’t been able to find a full-time job after a year of searching, and so she is still living with her parents

Erica Schoenberg would know.

She was a member of the class of 2020, which had the misfortune of graduating in the brunt of the pandemic.

A year after Schoenberg watched her virtual graduation ceremony from Trinity University from her living room couch, she’s back at her parents’ home because she can’t find a full-time job.

During this pandemic, the percentage of Americans that are living with their parents reached the highest level since the Great Depression of the 1930s.

That is crazy.

But there is some good news.

The good news is that we are in a temporary pocket of time in which economic conditions have stabilized.  Things are certainly a lot worse than they were before the pandemic, but at least we are not seeing the same sort of rapid deterioration that we did throughout much of 2020.

Of course this temporary pocket of time will not last, and that is the bad news.

If anyone out there believes that Joe Biden is going to save the U.S. economy, they are just being delusional.

The stimulus money that Americans are being showered with right now will help in the short-term, but all of the borrowing and spending that our government is doing will just make our long-term problems even worse.

We should be thankful for the relative stability that we are currently enjoying, but this is not a time to party.

Instead, we should be using this time to prepare for the troubled times that are ahead, because the truth is that our long economic nightmare is just beginning.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

America’s Upside Down Economy Just Took Another Bizarre Turn

Is this a good economy or a bad economy?  Well, that all depends on who you are talking to.  For most Americans, economic conditions have been absolutely horrible ever since the COVID pandemic first arrived.  More than 100,000 businesses have permanently shut down, approximately 10 million Americans are in danger of being evicted from their homes, and weekly unemployment claims have been above the old record set in the early 1980s every single week for nearly an entire year.  Meanwhile, the absolutely insane polices that the Federal Reserve and our politicians in Washington have been pursuing have made the wealthy far wealthier than ever before.  In early 2020, M1 was sitting at about 4 trillion dollars, and now it is up to 18 trillion dollars.  Much of that money has ended up in the pockets of the ultra-wealthy, and now they are spending it is some pretty odd ways.

For example, NFT art is one of the latest crazes.  You can’t hang NFT art on your wall, but that isn’t stopping people from paying ridiculous amounts of money for it.  In fact, things have gotten so crazy that one film director has decided to sell audio clips of himself farting as NFTs…

A Brooklyn-based film director is simultaneously mocking and attempting to profit off the cryptocurrency craze for non-fungible tokens (NFTs) by selling a year’s worth of fart audio clips recorded in quarantine.

“If people are selling digital art and GIFs, why not sell farts?” Alex Ramírez-Mallis, 36, told The Post of his dank addition to the blockchain-based NFT market.

You would have to be absolutely nuts to purchase such a thing, but apparently someone has already purchased one clip for 85 dollars

Individual fart recordings are also available for 0.05 Ethereum, or about $85 a pop. The gassy group has so far sold one, to an anonymous buyer.

“If the value increases, they could have an extremely valuable fart on their hands,” he said.

Pizza Hut has decided that they want to get in on the NFT craze as well.

In Canada, the company originally listen an NFT of a pizza slice for 18 cents, but it ended up selling for $8,824

Pizza Hut Canada has announced it is releasing “1 Byte Favourites,” aka digital images of pizza, as non-fungible tokens. “Pizza Hut believes no world should exist without pizza, especially their pan pizza. That’s why they wanted to make sure it was enshrined in the digital universe,” they said in a release. Each week the company will release a new image of a pizza slice, each of a different recipe, for purchase on Rarible. The first-ever “slice” was listed for $0.0001 ETH (a cryptocurrency the equivalent of 18 cents), but wound up being sold for $8,824.

This is madness, and it is also a grave insult to all of those that are deeply suffering out there.

Could it be possible that we are rapidly approaching our own “let them eat cake” moment?

As the ultra-wealthy continue to throw their money around in absurd ways, most people are just struggling to get by from month to month.  On Thursday, we learned that another 770,000 Americans filed new claims for unemployment benefits last week…

Figures released Thursday by the Labor Department show that 770,000 Americans filed first-time jobless claims in the week ended March 13, higher than the 700,000 forecast by Refinitiv economists.

Weekly jobless claims have remained stubbornly high for months, hovering around four times the typical pre-crisis level, although it’s well below the peak of almost 7 million that was reached when stay-at-home orders were first issued a year ago in March.

After all this time, the number of Americans filing for unemployment benefits each week is still about four times higher than pre-pandemic levels.

And we just learned that retail sales fell pretty dramatically during the month of February

Americans shopped less in February, leading retail sales to fall 3% on a seasonally adjusted basis, the Census Bureau reported Tuesday.

It was a much steeper drop than the 0.5% decline economists had predicted, according to Refinitiv.

Bad weather across many states were part of the reason sales declined last month.

When things go badly, they love to blame the weather.

Of course the new stimulus checks that Americans are now receiving should help to boost retail sales temporarily.

But at this point there are no plans to cut checks every month, and any short-term assistance will only briefly alleviate the long-term suffering that so many Americans are enduring.

We are currently in the midst of the worst economic downturn since the Great Depression of the 1930s, and a lot more pain is on the horizon.

Even though I write about this stuff on a daily basis, I was surprised to learn that the results of a recent survey show that finances have now become the number one source of stress for the American people…

WalletHub’s new Coronavirus Money Survey also reveals that the nation’s focus is now shifting from the virus to finances. The survey of over 750 Americans in March 2021 finds money is now the biggest stressor around the country.

Three in 10 respondents say money is their greatest concern this year, a 15-percent increase over last year. COVID-19 is still the top stressor for 28 percent of Americans. As coronavirus safety measures fade however, researchers find people are getting back to worrying about how to make ends meet.

If you don’t know how you are going to pay the bills this month, that can be a source of stress that never leaves you day or night.

Those that have gone through this sort of emotional torment know exactly what I am talking about.

So when the ultra-wealthy throw their money away on “farting art” or “Pizza Hut art”, that is like rubbing dirt in the faces of tens of millions of Americans that are desperately trying to figure out some way to survive from month to month.

The ultra-wealthy can continue to flaunt their wealth, but already we are seeing the rise of the “Robinhood mentality” that so many have warned about.

When things get bad enough, the poor will start venturing into rich neighborhoods, and they won’t be there for a social visit.

We still have relative stability for this brief moment, but it won’t last very long at all.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Eviction Moratorium Ruled Unconstitutional, Largest Tsunami Of Evictions In U.S. History Incoming…

Ever since last summer, a federal moratorium on evictions has prevented landlords from evicting millions of tenants that are behind on their rent payments.  This moratorium has caused extreme financial distress for many landlords, but it has also kept us from witnessing millions upon millions of Americans being thrown out into the cold streets.  Of course this moratorium on evictions was never actually legal, and it was just a matter of time before it was challenged in front of a federal judge that still had respect for the U.S. Constitution.  On Thursday, a federal judge in the Eastern District of Texas named John Campbell Barker ruled that the federal moratorium is completely unconstitutional

J. Campbell Barker, a Trump-nominated judge in the Eastern District of Texas, issued the 21-page ruling Thursday in response to a lawsuit from a group of landlords and property managers.

“The federal government cannot say that it has ever before invoked its power over interstate commerce to impose a residential eviction moratorium,” Barker wrote, noting that it did not do so during the Spanish Flu pandemic or during the Great Depression. “The federal government has not claimed such a power at any point during our nation’s history until last year.”

But Barker did not issue any sort of an injunction, and so the moratorium is still in effect for the moment.  In his ruling, Barker expressed his belief that the defendants will “respect the declaratory judgment” and will willingly withdraw the moratorium on their own…

The scope of the order is unclear. Barker wrote that given “defendants’ representations to the court, it is ‘anticipated that [defendants] would respect the declaratory judgment.’”

Federal officials could attempt to drag their feet, but the current moratorium is set to expire on March 31st anyway.

So whether it happens immediately or in a few weeks, the federal moratorium on evictions is ending.

Of course some states have their own moratoriums in place, and Barker noted that those are constitutional.  So renters in those states will still have at least some protection moving forward.

But for most of the country, things are about to change in a major way.

According to one recent study, a whopping 10 million U.S. households are currently behind on their rent payments

An analysis released last month by Moody’s Analytics and the Urban Institute said that some 10 million renters are behind on paying rent and risk being evicted. Moreover, the typical delinquent renter is almost four months and $5,600 behind on monthly rent and utility payments as of January, according to the analysis.

“To put that into some perspective, approximately seven million households lost their homes in foreclosure during the five darkest years of the global financial crisis,” the researchers wrote. “Here we have 10 million families facing a similar fate over a matter of months.”

Even if rent moratoriums remain in place in some states for the foreseeable future, we are still going to see millions upon millions of households evicted here in 2021.

It will be the largest tsunami of evictions in U.S. history, and homelessness is going to rise dramatically.

Needless to say, it isn’t going to be a happy time.

Meanwhile, we have already been witnessing a tsunami of bankruptcies.

In fact, the number of Chapter 11 bankruptcy filings in 2020 was “at least 30 percent higher than any of the previous four years”

Bankruptcies filed by entertainment companies in 2020 nearly quadrupled, and filings nearly tripled for oil and gas companies, doubled for computer and software companies and were up 50 percent or more for restaurant owners, real estate companies and retailers, compared with 2019, data from the research firm show. There were 5,236 Chapter 11 filings in 2019, but 6,917 last year, a tally at least 30 percent higher than any of the previous four years.

This isn’t what an “economic recovery” looks like.

Sadly, the truth of the matter is that the U.S. economy is in the process of melting down all around us, and a whole lot more pain is ahead.

Up until just recently, the stock market had been one of the very few bright spots, but now chaos has returned to Wall Street.

On Friday, the Dow was down another 469 points

The Dow Jones Industrial Average swung wildly Friday to close near its session low as Wall Street struggled to shake off fears of rapidly rising rates.

The blue-chip benchmark ended the volatile session 469.64 points, or 1.5%, to 30,932.37 after trading in the green earlier. The S&P 500 fell 0.5% to 3,811.15 as energy and financial stocks pulled back. The Nasdaq Composite ended the day 0.6% higher at 13,192.34 as Big Tech names rebounded after a large sell-off in the previous session amid surging bond yields. Facebook, Microsoft and Amazon each rose more than 1%. The tech-heavy benchmark gyrated in Friday’s session where it jumped 1.9% at its high and fell as much as 0.7%.

As I discussed yesterday, I do not believe that a massive stock market crash is imminent.  But the early warning signs that we are witnessing now should definitely not be ignored.

Many are expecting economic conditions in the U.S. to improve as the COVID pandemic fades, but it is inevitable that many more “trigger events” will hit us in 2021 and beyond.

Considering how vulnerable we are right now, it certainly isn’t going to take much to send us into a death spiral from which we will never recover.

Unfortunately, it is always those at the very bottom of the economic food chain that get hit the hardest when challenging times arrive.

I feel very badly for the landlords that haven’t been able to collect rent for months and months, but I also feel very badly for the millions of Americans that will soon be thrown out into the streets.

The economic pain and suffering that we will soon see will be off the charts, and those that are expecting Joe Biden and his minions to save them will be bitterly, bitterly disappointed.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Chicago Has Become A Rotting, Decaying, Crime-Ridden Hellhole – And The Rest Of America Will Soon Follow

I don’t know why anyone would want to live in Chicago at this point.  According to the latest estimate that I could find, “over 117,000 gang members” currently live in the city, and there is so much violence that it regularly makes headlines all over the globe.  Some of the wealthy areas of Chicago still look nice, but many communities have been transformed into something straight out of a war zone.  Large churches, hospitals and factories that were once so beautiful are now rotting and decaying all over the city, and a vibrant open air drug market scares customers away from local businesses.  Sadly, the truth is that the entire country is going down the exact same path that Chicago has gone.

Coming into last year, Chicago was known as one of the murder capitals of the world, but nobody expected the murder rate to spike “by more than 50% in 2020”

Chicago police also released the final crime number for 2020 Friday which showed that shootings and murders jumped up by more than 50% in 2020.

In 2020, there were 769 murders, up considerably compared to the 495 murders tallied in 2019.

As for shootings, the city logged 3,261 last year, a big jump from 2,140 shootings in 2019. The number of shooting victims climbed to 4,033 in 2020, up from 2,598 in 2019.

But even though last year was so horrific, some officials are expressing optimism about the future.

For example, Dr. Faran Bokhari believes that the COVID vaccine is going to make a tremendous difference

“I think our savior is going to be the COVID vaccination,” Dr. Faran Bokhari, Chief of Trauma at Cook County Hospital. “I think people are so tired of being indoors and not being able to do what they usually do.”

Yes, gang members and drug addicts will feel so much better about life and will become a lot less violent once they are vaccinated and can get out into the streets a lot more.

Good luck with all that.

State Representative Marcus Evans has a different strategy in mind.  He believes that banning “Grand Theft Auto” will solve this crisis

It’s no secret that crime is out of control in Illinois and one lawmaker has a solution. In response to an increase in carjackings in Chicago, State Representative Marcus Evans Jr. wants a law passed making it illegal for retailers to sell violent video games to minors. “Grand Theft Auto” is not mentioned in the bill but Evans pointed to that specific game during a press conference on Monday.

Meanwhile, people continue to flee the city of Chicago and the state of Illinois at a staggering pace.

In fact, the exodus that we witnessed in 2020 is being described as “historic”

Illinois recorded a seventh straight year of population loss from July 2019 to July 2020, but the year’s drop was historic – 79,487 residents, the most since World War II and the second largest of any state in raw numbers or percentage of population. Larger declines year over year have also caused Illinois to suffer the largest raw decline in population, and second largest on a percentage basis since 2010, shedding 253,015 people – triple any other state’s losses.

I can understand why so many residents are leaving for greener pastures, but other major cities are also seeing dramatic spikes in crime too.

One study that was recently released found that murder rates in 34 major U.S. cities rose by an average of 30 percent last year

THE HOMICIDE RATE across 34 American cities increased by 30% on average during 2020, according to experts, as the U.S. reeled from the coronavirus pandemic and widespread protests against police brutality.

The newly released report from the National Commission on COVID-19 and Criminal Justice found that homicides rose in 29 of the 34 cities studied and that the three largest cities in the sample – New York, Los Angeles and Chicago – accounted for 40% of the additional homicide victims in 2020.

At this point, nearly all of our big cities are becoming unsafe.

If you want to avoid all of the violence, you could try moving to a small town, but that might not work either.

For example, the small town of Chickasha, Oklahoma sounds like it would be a nice place to live, but look at what just happened there

A repeat felon has confessed to killing his neighbor, cutting out her heart and feeding it to his family before murdering his uncle and a four-year-old girl, Oklahoma authorities say.

Lawrence Paul Anderson, 42, allegedly stabbed the neighbor, Andrea Lynn Blankenship, to death at her home in Chickasha on February 9.

Unfortunately, the truth is that our entire society is in the process of melting down all around us, and this process is only going to accelerate during the very difficult years ahead.

The worse economic conditions become, the more desperate people are going to get, and right now more businesses are shutting down with each passing day.

For instance, we just learned that Fry’s Electronics will be permanently shutting down all of their stores

Consumer electronics retailer Fry’s Electronics is going out of business after nearly 36 years.

Fry’s “has made the difficult decision to shut down its operations and close its business permanently as a result of changes in the retail industry and the challenges posed by the Covid-19 pandemic,” the company said in a statement on its website. The company said it has begun the “wind-down” process as of Wednesday and has stopped its normal operations.

As I have discussed in numerous recent articles, poverty is exploding all over America and this economic downturn is hitting those at the bottom of the economic food chain particularly hard.

As this economic crisis grows, those at the bottom of the economic food chain will increasingly be venturing into wealthy neighborhoods to take our their frustrations.

Those with a “Robin Hood mentality” will try to claim that there is “justice” in taking from the rich and giving to the poor, but in reality it will just be a way to justify the rampant lawlessness in our streets.

The rioting, looting and violence that we have seen so far is just the beginning.

Much worse is coming, and it won’t be too long before the entire country looks like the streets in the worst parts of Chicago.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

How To Live Your Best Life In America In 2021 (In A Van Down By The River)

One of the hottest new trends in the U.S. is to get rid of your house and live in a van.  Of course many people have had “van life” forced upon them by current economic conditions, but for an increasing number of Americans “van life” has become a choice.  Personally, I am old enough to remember when “living in a van” was a running joke in this country.  But now we are being told that it is “cool” to live like a hobo.  In fact, USA Today insists that life in a van “is particularly well suited” for the COVID pandemic because it allows for much easier social distancing…

But for those who can afford it, #vanlife is particularly well suited for this crisis because it’s socially distanced, can be done on a budget and fosters outdoor activities, which are safer during the outbreak than indoor environments where air doesn’t circulate well.

When you smell like a skunk after not showering for a week, it is true that not too many people will want to get near you, and so I would agree that living in a van will help with social distancing.

Since the start of the pandemic, van sales have risen dramatically, and this has happened even though overall sales for the auto industry are way down

Mercedes, whose Sprinter van is the vehicle of choice for many #vanlife followers, appears to be the biggest winner. Mercedes-Benz U.S. van sales soared 22.5% in 2020 to 274,916, even as the brand’s overall sales fell 8.9%.

“Everybody’s trying to get their hands on a van,” says Stefanie Doemel, who manages upfit solutions for vans at Mercedes-Benz USA.

Of course most of those that choose to embrace “van life” cannot afford a Mercedes.

If you are fortunate enough to encounter someone living the “van lifestyle”, it is more likely that they will own a junky old Chevy van that has had the interior ripped to shreds over the years.

But the good news for van residents is that they never have to stay in one place and there is always something new to see.

USA Today interviewed one “van life” advocate named Abby Rodriguez who says that when her work for the day is done she can just “go refresh in nature”

“You feel more relieved from some of the mental stress that others are going through by being trapped in one place,” Abby says. “We have wheels so we can change up our scenery, and after the workday, I can go refresh in nature.”

That is all well and good, but I just hope that she brings a shovel with her when she “refreshes”, because it isn’t polite to leave your droppings right out in the open.

In a companion article, USA Today shared five key tips for those that are considering making the switch to “van life”…

1. Consider buying a used van
2. Budget for upgrades and teach yourself how to do them
3. Stay at public campgrounds or national parks
4. Make sure you’ve got a bathroom solution
5. Plan for fixed and unexpected expenses

Personally, there are two more things that I would add to the list.

Number one, make sure that you are able to secure a good spot down by the river.

Number two, you may want to consider supplementing your income with some public speaking gigs.

As the U.S. economy continues to rapidly deteriorate right in front of our eyes, another one of the hottest new trends is to dig around for discarded food in dumpsters behind large supermarkets.

The trendies like to call it “dumpster diving”, and it has become particularly popular with impoverished Millennials living in core urban areas.

In fact, it has become so popular that some supermarkets are now calling out the police to guard their dumpsters.  For example, approximately a dozen police officers were guarding the dumpsters behind a Fred Meyer in Portland on Tuesday

Roughly a dozen Portland police officers faced off with a small group at a Northeast Portland Fred Meyer on Tuesday after people tried to take food that had been thrown away.

Workers at the Hollywood West Fred Meyer threw away thousands of perishable items because the store, like many others, had lost power in an outage brought on by the region’s winter storm.

We are being told that a riot almost ensued, but of course riots happen at the drop of a hat in Portland these days.

For a while the police were successful in keeping the hungry people away from the dumpsters, but eventually the police got tired and went home.

When the coast was finally clear, hungry Millennials descended upon the dumpsters like a pack of ravenous wolves

Simonis said police eventually left and those waiting to get food made their way over to the dumpsters. As of 6:30 p.m., about two dozen people were at the dumpsters, taking a few items each.

Simonis noted that all the food was still in good condition, given the cold weather. One person picked up a carton of juice with an expiration date in March.

This is America in 2021.  Poverty is growing with each passing day, and people are becoming increasingly desperate.

And if things are this bad already, how bad is the desperation going to become once our economy finally plunges into freefall mode?

On Wednesday, millions of Americans were deeply saddened to hear that Rush Limbaugh had passed away.  He will be deeply missed, and nobody will ever be able to fill his shoes.

One of the things that always stood out to me when I listened to Rush was how much he truly loved the United States.  He was zealously patriotic, and he truly embodied the ideals that our founders held so dear when they originally established this nation.

So as sad as it was to see him go, I am also glad that he is not going to have to see the nightmarish chapters that are ahead for this country.

Recent political events were already weighing very heavily on him, and to watch the U.S. completely fall to pieces would have absolutely broken his heart.

If we had made much different choices, America could have been on a much different path today.

But instead we continue to steamroll toward oblivion, and many Americans will be doing so inside a clunky old van.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.