The Global Energy Crisis Is Going To Take “The Everything Shortage” To An Entirely New Level

This is going to be one tough winter.  On top of everything else we are facing, a very alarming energy crisis is rapidly growing all over the world.  Supplies of natural gas and coal are getting tighter by the day, and this is dramatically affecting manufacturing in major exporters such as China.  So that means that less stuff is going to be coming across the ocean in the months ahead, and that means that the shortages in our stores are going to be getting even worse.  This is really happening, and we are going to have to deal with it.

Of course store shelves are already getting pretty bare all around the country.  They are calling it “the everything shortage”, and it has been intensifying with each passing week.

I have so much to talk about that I am not even sure where to begin, and so I am just going to start with the the Bigley Piggly Wiggly in Charleston, West Virginia.  Store owner Jeff Joseph says that a shortage of Gatorade is one of the biggest issues that he is currently wrestling with…

If you’ve been to the grocery store lately, you may have noticed some of your favorite products aren’t available. At the Bigley Piggly Wiggly in Charleston, WV the section where they keep Gatorade is close to empty.

“Who would think that Gatorade would be a problem to get in the store? But apparently, it is and it is something that we have been wrestling with for quite some time now,” said Jeff Joseph, store owner.

Day after day, I see more local news reports like this.  I just picked this one out because I really like the name of the store.

And my readers continue to send me emails about what conditions are like where they live.  One reader that is located in Pennsylvania was deeply alarmed by a lack of milk and dog food during her last visit to the supermarket…

Yesterday, I was at our Giant supermarket on Linglestown Road a few miles from Harrisburg, PA. It is the largest Giant in the area. I was at the milk section, there were maybe more than 10 empty rows with no milk in them. My husband wanted chocolate milk, they had only one brand. I was looking for dog treats, and found out they moved the aisle, there was not as many brands. They are taking the dog food bags and moving them out to the front of the shelf to make them look full, but there are no bags behind them. We like Arizona canned tea, but I had to settle for a big bottle instead. Canned tea is hard to get. The aisle with the toilet paper and towels was half empty. I wanted some Nutter Butter cookies (like I need them), but they had none.

In southwestern Arkansas, it sounds like things are even worse.  We had been warned that there would be a shortage of toys during this holiday season, and one of my readers says that she is already noticing a huge change…

It is horrifying to walk through a Dollar General Store down here in Southwestern Arkansas. There are bare shelves, the toy aisle, normally flooded this time of year in anticipation of Christmas…there is nothing there, like what should normally be there. Brookshire’s is the premium market down here…they do not have frozen turkeys, and the frozen chicken that we purchased–Tyson chicken—I bought a five-pound flat of drumsticks…there were still feathers on some of the pieces of chicken. I had to wash, pluck, and wow…just wow….what the factories must be like these days is all I’m saying.

We have never seen anything like this before, and the experts are telling us that the months in front of us are going to be even worse.

These days, even big corporate news outlets are constantly running stories about the shortages.  The following is an excerpt from one report that was entitled “America Is Running Out of Everything”

I visited CVS last week to pick up some at-home COVID-19 tests. They’d been sold out for a week, an employee told me. So I asked about paper towels. “We’re out of those too,” he said. “Try Walgreens.” I drove to a Walgreens that had paper towels. But when I asked a pharmacist to fill some very common prescriptions, he told me the store had run out. “Try the Target up the road,” he suggested. Target’s pharmacy had the meds, but its front area was alarmingly barren, like the canned-food section of a grocery store one hour before a hurricane makes landfall.

In the past, any shortages were always very temporary.

But these shortages aren’t going to go away any time soon.

In fact, that same article that I just quoted openly admitted that “this is the economy now”

This is the economy now. One-hour errands are now multi-hour odysseys. Next-day deliveries are becoming day-after-next deliveries. That car part you need? It’ll take an extra week, sorry. The book you were looking for? Come back in November. The baby crib you bought? Make it December. Eyeing a new home-improvement job that requires several construction workers? Haha, pray for 2022.

Even the usually optimistic talking heads on television are warning us that the colossal problems that have caused this epic global supply chain crisis are not going to resolved for the foreseeable future.

Meanwhile, as I noted above, a very frightening global energy crisis threatens to take “the everything shortage” to an entirely new level.

On Thursday, the Wall Street Journal ran an article entitled “Natural-Gas Shortage Sets Off Scramble Ahead of Winter” that really freaked a lot of people out.  All over the planet, nations are feverishly trying to secure sufficient supplies of natural gas for the months ahead.  Normally there is a spike of demand in the middle of winter, but at this moment we are nowhere close to that point.  In fact, summer just officially ended a couple of weeks ago.

So if things are this bad already, what are we going to be facing in a few months?

At the same time, a very serious shortage of coal is pushing prices up to absolutely absurd levels

Australia’s Newcastle thermal coal, a global benchmark, is trading at $202 a metric ton, three times higher than at the end of 2019. Global production of coal, which generates around 40% of the world’s electricity, is about 5% below pre-pandemic levels.

In Europe, the rising prices for coal and other energy resources have hit factory output and driven household energy bills higher. Major coal importers in Asia, including Japan and South Korea, are jostling to secure supplies.

We have never seen an energy crisis this severe in modern times, and it is already having a dramatic impact on manufacturing in China

In recent weeks, however, officials have begun a much more aggressive rationing program (Figure 1), with factories in much of Guangdong now seeing only 1-2 days per week of power use allowed. Similar situations are reportedly occurring in Jiangsu, Hubei, and Fujian provinces, all major manufacturing regions. As just one example, one of my US-based import customers has reported that a key supplier in Jiangsu is down to a single day per week of power availability. Limited-but-expanded power rationing is also occurring in Zhejiang, Shandong, Liaoning, and other important heavy industrial, chemical, and energy-product hubs.

So what does this mean?

It means that China is going to be exporting a lot less stuff to us, and so our store shelves will continue to get barer and barer.

For more than a decade I have been warning that we should have never allowed ourselves to become so dependent on Chinese manufacturing.  But of course most people didn’t want to listen to “alarmists” like me.

Unfortunately, the truth is now evident to everyone.

The “new normal” is here, and it is going to be exceedingly painful.

Whatever you think that you are going to need for the winter months, go out and get it now.

The shortages are just beginning, and the global economy will never be the same after this.

***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 Snyder 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)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Media Says “The Delta Variant Stole Christmas”, And Severe Shortages Are Projected To Stretch Long Into 2022

Thanks to extreme disruptions caused by the global response to the pandemic, millions upon millions of Americans are going to have a very disappointing holiday season.  Supply chains are in a state of complete and utter chaos all over the world, and now we are being told that it will remain this way for the foreseeable future.  And that is actually a best case scenario.  If a new variant comes along that causes even more global disruptions, the shortages that we are experiencing right now could become even more dire.  We are so vulnerable right now, and any unexpected twists or turns could easily make things a lot worse.

Earlier in 2021, the mainstream media was full of optimistic talk about how wonderful the second half of the year would be.

But now reality is setting in.  The following comes from a Washington Post article entitled “How the delta variant stole Christmas: Empty shelves, long waits — and yes, higher prices”

“I’m afraid there is simply not enough time to get products on the shelf this year,” said Isaac Larian, chief executive of MGA Entertainment, the toy giant behind Rainbow High and such popular lines as L.O.L. Surprise and Little Tikes. “The holidays are going to be very tough and, frankly, a lot of families are not going to be able to get the toys they want.”

Mounting challenges — including factory shutdowns, computer chip shortages and clogged ports — are rattling the industry as it prepares for the crucial holiday shopping season, an eight-week window that can account for more than half of a retailer’s annual sales.

Didn’t Kamala Harris just give us a very similar warning?

If there are toys that you want to buy, you should try to get them as soon as possible, because the supply crunch is only going to intensify.

Even the biggest voices in the mainstream media are now admitting that these shortages are not going to be resolved any time soon.  The following comes from a New York Times article entitled “The World Is Still Short of Everything. Get Used to It.”

Pandemic-related product shortages — from computer chips to construction materials — were supposed to be resolved by now. Instead, the world has gained a lesson in the ripple effects of disruption.

The economic optimists assured us that the economy would be “booming” by now, but instead the shortages are worse than ever.

Earlier today, I came across a local news story about the painful shortages that small businesses in western Massachusetts are currently dealing with

This has everything to do with the supply chains. Businesses all over western Massachusetts are scrambling because they can’t get their hands on the most basic items. Silverware, takeaway containers, food items, you name it, and it’s probably in short supply.

Of course many of the largest corporations in the entire world are dealing with the same headaches.

According to Elon Musk, Tesla has been experiencing “super crazy supply chain shortages”

Elon Musk said that supply-chain snags have hindered Tesla’s plans in 2021.

“2021 has been the year of super crazy supply chain shortages, so it wouldn’t matter if we had 17 new products, as none would ship,” Musk tweeted on Wednesday.

For many companies, one of the biggest sources of pain has been a persistent lack of computer chips.

This is a worldwide phenomenon, and it is the reason why game systems like the PS5 and the XBox Series X have been so exceedingly difficult to acquire

Since the beginning of the pandemic, the demand for microchips has far exceeded supply, causing problems in every industry that relies on computers. And if you’re a Decoder listener, you know that that is every industry. Right now, major automakers have unfinished cars sitting in parking lots waiting for chips to be installed. Game consoles like the PS5 and Xbox Series X are impossible to find. And even things like microwaves and refrigerators are impacted, because they contain simple controller chips.

We were promised that things would be getting better by now, but instead this crisis just continues to escalate.

In fact, Toyota just announced that they are going to be cutting global production by 40 percent because of the shortage of chips…

In the face of an enduring shortage of computer chips, Toyota this month announced that it would slash its global production of cars by 40%. Factories around the world are limiting operations — despite powerful demand for their wares — because they cannot buy metal parts, plastics and other raw materials. Construction companies are paying more for paint, lumber and hardware, while waiting weeks and sometimes months to receive what they need.

As bad as things are now, it looks like they are about to get even worse.

One prominent shipping company just declared that they expect this crisis to persist “until the first half of 2022”

From anchorage stats to forward arrivals, ocean bookings, and inventory-to-sales numbers, all the latest data paints the same picture: The U.S. congestion crisis has never been more severe than it is now — and it’s getting worse.

Hope for any relief this year has vanished. French carrier CMA CGM is the latest in a long line of market participants to push back its timeline on normalization. Capacity constraints “are expected to continue until the first half of 2022,” CMA CGM warned on Friday.

Alarmingly, America’s import system — which is already stretched to the limit — looks like it will have to handle even higher volumes next month. The likely outcome: Carriers will be forced to cancel more sailings as terminal berths max out and ships get stuck at anchor, even more cargo will get “rolled” (pushed to a future sailing), and importers will face even longer delays and even less slot availability as they scramble to build inventories for holiday sales.

Others are even more pessimistic.

Just check out this quote

“There is no end in sight,” said Alan Holland, chief executive of Keelvar, a company based in Cork, Ireland, that makes software used to manage supply chains. “Everybody should be assuming we are going to have an extended period of disruptions.”

“No end in sight”?

“An extended period of disruptions”?

And what is going to happen if another variant comes along that creates a lot more fear?

Just today, the WHO issued a very ominous warning about a variant that is now known as “Mu”…

The World Health Organization has issued a warning about yet another new COVID-19 variant it fears could potentially evade vaccines.

That variant, called Mu, was first detected in Colombia in January, and has been announced just as the Delta variant finally appears to be peaking in the U.S.

This “Mu variant” has already spread to over 40 different nations, and there have already been more than 2,000 confirmed cases in the United States

Over 4,600 cases of the variant, whose scientific name is B.1.621, have been spotted since then, and it has spread to more than 40 countries.

Almost 2,000 cases of the variant have been detected in the United States.

So how much worse will our supply chain disruptions become if that variant starts spreading across the country like wildfire?

Most people don’t realize that we are so close to the sort of extreme economic chaos that I have been warning about.

The second half of this year was supposed to be a time when our lives started to go back to “normal”, but that is obviously now out the window.

Instead, the rest of 2021 is looking exceedingly bleak, and at any moment another sudden “surprise” could take our problems to a whole new level.

***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 Snyder 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 others 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)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

More Cowbell! Federal Reserve Officials Decide That More Inflation Is The Answer

Someone please make the madness stop.  Many years ago, when Saturday Night Live was still actually funny, comedian Will Ferrell starred in a skit that was entitled “More Cowbell”.  To this day, it remains one of the most famous skits in comedy history, and that is because it was absolutely hilarious.  If you have never seen it, you can find it right here.  Unfortunately for all of us, the Federal Reserve is now doing their own version of “More Cowbell”, but it isn’t funny at all.  At this point, Fed officials sound like a broken record, because month after month they just keep telling us that the answer to our growing economic problems is even more inflation.  They have completely gone off the deep end, but since most Americans are illiterate when it comes to economics hardly anyone is objecting.

Earlier today, I received an alarming email from one of my readers.  This particular reader was quite alarmed that the price of her favorite juice just went up three dollars, and I would have loved to tell her that these price increases are just “temporary” and that everything will go back to normal soon.

But I couldn’t do that, because that isn’t the truth.

On Wednesday, Fed officials once again voted to continue flooding the financial system with giant mountains of fresh cash

The Federal Reserve open market committee has voted unanimously to continue the central bank’s easy money policies, again dismissing soaring inflation as ‘transitory’ and saying COVID-19 still poses risks to the economy.

The 11-member committee voted on Wednesday to keep the federal funds rate near zero and continue flooding the market with money through massive bond purchases ‘until substantial further progress’ is made on boosting employment.

“$120 billion a month in bond purchases” may sound boring to most Americans, but if people really understood what this was doing to our standard of living they would be protesting in the streets tomorrow morning.

On average, the Federal Reserve is pumping more than a billion dollars into our financial system every single hour.

This sort of thing is only supposed to be done during a major emergency.  The very first time that “quantitative easing” was used on a large scale was during the last financial crisis, and now it has basically become something that the Fed just does all the time.

As I discussed yesterday, the size of the Fed balance sheet has roughly doubled during this pandemic.  Of course this was going to cause inflation to spike.

On Wednesday, Fed Chair Jerome Powell openly admitted that “inflation could turn out to be higher and more persistent than we expected”.

Ya think?

But Powell also continued to insist that in the long-term inflation would go back down to 2 percent

Indicators of long-term inflation expectations appear broadly consistent with our longer-run inflation goal of 2%. If we saw signs that the path of inflation or longer-term inflation expectations were moving materially and persistently beyond levels consistent with our goal, we’d be prepared to adjust the stance of policy.

What in the world is he smoking?

Does he actually believe that we can flood the system with trillions and trillions of fresh dollars and keep inflation down to about 2 percent at the same time?

If so, he should see a mental health professional immediately.

Right now, prices are skyrocketing all around us.  Earlier today, I came across an article that discussed how farmers are hurting because the price of hay has gone up by about 20 percent

Local prices for large bales of hay — small bales are significantly more expensive — are shaping up to be around $210 a ton, DeRuwe said, around 20% more than the average year.

Yesterday, I discussed the fact that home prices are up 23 percent over the past year.

Apparently home prices are not yet high enough, because Fed officials want to flood the system with even more money.

Used car prices are up more than 45 percent over the past year.  In many cases, used cars are now selling for more than they were when they were brand new.

What we are now witnessing is completely and utterly insane, but the Fed is not the only one to blame.

Our politicians in Washington have been spending money like mad, and now another gigantic spending package is being discussed.

Fortunately, there is at least one Democrat in the Senate that thinks that Joe Biden’s 3.5 trillion dollar infrastructure package is just too big…

Sen. Kyrsten Sinema of Arizona on Wednesday came out in opposition to Democrats’ $3.5 trillion spending blueprint, virtually ensuring her party would be forced to make substantial cuts to get her on board.

In a statement to The Arizona Republic, the moderate Democrat said while she supported efforts to bolster the country’s economic competitiveness in an infrastructure plan, she believed the bill was too large.

In the end, we may see a package that is only about a trillion dollars in size.

But that is still utter madness.

Since the start of the pandemic, we have increased the size of our national debt by five trillion dollars, and now our politicians in Washington want to borrow and spend more giant mountains of money.

Earlier today, I came across an article about a “two-headed snake”

An incredible video captures the moment a two-headed snake called Ben and Jerry devours two mice in each of is fanged mouths.

Reptile enthusiast Brian Barczyk shared the clip to his Instagram account, which shows each of the heads slowly chomping down on a pair of dead mice.

The two-headed reptile is the result of a phenomenon known as bicephaly, which occurs from the incomplete splitting of an embryo.

When I read that, I immediately thought about our current situation.

These days, the Federal Reserve and our politicians in Washington have become a “two-headed snake” that is relentlessly devouring our financial future.

If we stay on the path that we are on, there is no future for our country.

But it has become obvious that our leaders are not going to change.

Every time a new crisis erupts, their “solution” will be to create, borrow and spend even more money.

This “More Cowbell” approach to managing the economy is literally insane, but there will be no turning back now.

***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 Snyder 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 others 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)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Apocalyptic Drought In The Western U.S. Is Causing Widespread Crop Failures On A Massive Scale

At a time when food prices are already rising aggressively, agricultural production in the United States is being absolutely devastated by a drought that many are calling “the worst” in American history.  Once again this week, the latest U.S. Drought Monitor map has extremely bad news for us.  In all the years that I have been writing, we have never experienced anything like we are experiencing right now.  As I write this article, 100% of the state of California is in a state of drought, and you should care very much about that because California produces about a third of our vegetables and about two-thirds of our fruits and nuts.  Of course it is not just California that is facing an unprecedented nightmare right now.  At this point, drought is covering more territory in our western states than we have ever seen before

Record-high temperatures in the Pacific Northwest and other parts of the West Coast along with prolonged drought in those areas and the Upper Midwest are stressing crops and livestock and raising concerns about irrigation supplies as conditions persist.

The US Drought Monitor as of July 13 showed 100% of all states west of the Rocky Mountains and most of the Upper Midwest region in some level of drought. California, Oregon, Arizona, Idaho, Utah and North Dakota were nearly 100% severe drought or worse (with extreme and exceptional the most severe). Washington, Montana, South Dakota, Minnesota, New Mexico, most of Wyoming and western Colorado all were in moderate or worse drought.

2020 was a bad year, but at this time last year only about 20 percent of the West was experiencing “severe drought”.

Today, that number is up to 80 percent

Nearly 80% of the West, including North and South Dakota, is in severe drought. That percentage is even more staggering when compared to the 20% of the region that fell into the severe drought range this time last year.

Let that number sink in for a moment.

This is a historic disaster of epic proportions, and it is starting to have a dramatic impact on agricultural production.

For example, the amount of spring wheat is projected to be 41 percent below the level that we witnessed in 2020…

The USDA’s initial spring wheat other than durum production forecast for 2021 was 344,575,000 bus, down 41% from 2020 and the lowest since 205,460,000 bus in 1988. Average yield was forecast at 30.7 bus an acre, down 37% from 2020 and the lowest since 2002. Although 2021 spring wheat planted area was down 5.5% from 2020, harvested area was down 7%, suggesting a larger number of abandoned acres.

Other crops are being hit even harder.

According to Bloomberg, the U.S. oat crop will be the smallest that we have seen since records began in 1866.

That isn’t a typo, and I didn’t mean to say “1966”.

For thousands upon thousands of U.S. farmers, 2021 is going to be an absolutely disastrous year with very little production at all.  At one farm in Minnesota, the owner is estimating that he “will not be able to harvest hardly anything” from the 2,500 acres of corn that he planted…

At Schiefelbein Farms, the hayfield should be knee-high by this time of year. Instead, it’s sparse and barely ankle-high.

Schiefelbein estimates they have about 75% less hay this year. Out of their 2,500 acres of corn, they will not be able to harvest hardly anything.

So what are we going to do if there is not enough food to go around?

You might want to start thinking about that.

Up in Canada, farmers are saying that the unprecedented “heat dome” that we just witnessed literally “cooked” a lot of the fruit while it was still on the branches…

Fruit growers in the province of British Columbia (BC) said the heatwave reportedly “cooked” fruits while still on the branch. BC Fruit Growers Association (BCFGA) President and orchardist Pinder Dhaliwal told the Canadian Broadcasting Corporation: “It seems like somebody took a blowtorch to [the fruit] and just singed it.” He described the cherries affected by the heatwave: They became brown in color, with burnt leaves and dry stems.

According to Dhaliwal, 50 to 70 percent of cherry crops were damaged in the heatwave. He added that apples, apricots and other stone fruits also reported damage – albeit to a lesser degree. “The overall financial impact is going to be great on the farmers,” Dhaliwal said.

But the corporate media is telling us that everything is going to be just wonderful, and so we should probably just stick our heads in the sand and ignore this sort of thing.

Personally, I don’t understand why the federal government is not taking action.  As global weather patterns go completely nuts, other national governments are starting to step up to the plate.  For example, just check out what has been happening in Dubai

As mother nature hasn’t helped till now, Dubai has come up with its very own way to create rain as it grapples with a 50C heatwave.

The city in the United Arab Emirates (UAE) has come up with drone technology that “shocks” clouds into producing rain.

It is part of multi-million efforts to tackle the blistering weather and bring up the meagre average of just four inches of rainfall a year in the Middle Eastern country.

We have similar technology.

So why aren’t we using it?

Somebody needs to ask the Biden administration that question.

As it stands, we are heading into a real nightmare.  Food prices have already been getting very painful, and a billionaire that is in the food business just told Fox Business that he is expecting “10% to 14% food inflation by October”

Businessman John Catsimatidis expects 10% to 14% food inflation by October.

Catsimatidis — the owner and CEO of Manhattan-based grocery chain Gristedes Foods — told Fox Business that Americans can expect higher prices for basic expenses in the coming months.

“We’re both in the food business, and we’re in the oil business. Food prices are getting higher, and we expect even more increases by October,” he said. “We’re seeing anywhere from 10% to 14% by October 1. It’s a real number.”

I think that he is right on the money, but this is just the beginning.  There will be much more pain in 2022 and beyond.

Food prices are never going to be lower than they are right now, and so if you can afford to stock up I would strongly recommend doing so.

Scientists are assuring us that we are in a multi-year “megadrought”, and they are telling us that there is no end in sight at this point.

This is an absolutely huge story, and unfortunately we are still only in the very early chapters.

***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 Snyder 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 others 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)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Are We On The Verge Of A Massive Stock Market Crash?

Is time finally running out for “the bubble to end all bubbles”?  Over the past year, we have seen stock prices rise to levels that are completely and utterly absurd, and many have pointed out that we are currently in the largest stock market bubble in the entire history of our nation.  Of course this bubble will end the way that all of our other stock market bubbles eventually ended, and recent market activity has a lot of people wondering if the time for that is drawing near.  Signs of trouble have been percolating on Wall Street for weeks, and on Monday we finally witnessed an eruption of full-blown fear.  The Dow Jones Industrial Average was down 725 points, and that represented the worst day for the index since last October.  But one really bad day is not a crisis, and even though many individual stocks have already plunged into bear market territory, we have a long, long way to go before people start using the word “crash”.  In fact, I don’t think that anyone should even think of using the word “crash” until the Dow drops below 30,000.

But without a doubt, a crash is inevitably coming.

Whether it happens this month, next month or next year, stock prices will plummet from these ridiculously inflated levels.

As for the plunge that happened on Monday, many are blaming it on fears about the “Delta variant”

“It’s a bit of an overreaction, but when you have a market that’s at record highs, that’s had the kind of run we’ve had, with virtually no pullback, it becomes extremely vulnerable to any sort of bad news,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “It was just a matter of what that tipping point was, and it seems we finally reached that this morning” with worries about the delta variant.

To me, there are other issues that are of much greater concern, but apparently this is what is spooking investors this week.

According to CNBC, the number of newly confirmed COVID cases per week has more than doubled over the past month…

Covid cases have rebounded in the U.S. this month, with the delta variant spreading among the unvaccinated. The U.S. is averaging nearly 26,000 new cases a day in the last seven days through Sunday, up from a seven-day average of around 11,000 cases a day a month ago, according to CDC data. Cases were already flaring up around the world because of the delta variant.

Now that the market has started to fall, some experts are warning that the drop could be quite substantial.

For example, one Morgan Stanley strategist believes that we could eventually see a “correction” of 10 to 20 percent…

“The market appears ready to take on a more defensive character as we experience a meaningful deceleration in earnings and economic growth,” Morgan Stanley chief U.S. equity strategist Mike Wilson said in a note Monday. “Market breadth has been deteriorating for months and is just another confirmation of the mid-cycle transition, in our view. It usually ends with a material (10-20%) index level correction.”

Actually, if that is the worst that happens we will be quite fortunate.

In recent days, the mood on Wall Street has shifted dramatically.  In fact, the CNN Fear & Greed Index is now sitting at 16 which is considered to be in the “extreme fear” range, and the VIX has been soaring.

As our friends at Zero Hedge have pointed out, the last time we witnessed this much fear on Wall Street the S&P 500 was absolutely plummeting…

With the S&P 500 around 3.5% off its record highs, we note that fear has exploded. The last time fear was this high, the S&P was down 40%!…

We shall watch and see what happens this time around.

Zero Hedge has also pointed out that Goldman Sachs has been aggressively selling off billions of dollars worth of stocks recently…

What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices, Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.

This is not normal for Goldman Sachs.

In fact, you have to go all the way back to just before the financial crisis of 2008 to find another time when they did such a thing…

The last time Goldman was “aggressively” selling into a “supportive” market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then “aggressively” short.

We all remember how prophetic that particular move turned out to be…

That is “interesting” to say the least.

But as big financial institutions such as Goldman Sachs are dumping stocks, talking heads on television continue to assure all of us that a wonderful new era of great prosperity is just ahead.  Just check out what Bill Ackman told CNBC on Monday

Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a significant threat to the economic reopening, and he sees interest rates rising on the back of the big comeback.

“I hope what it does is that it motivates anyone who doesn’t get the vaccine to get the vaccine. I don’t think it’s going to change behavior to a great extent,” Ackman said in a interview on CNBC’s “Squawk Box.” “You are going to see a massive, my view, economic boom. … We are going to have an extremely strong economy coming in the fall.”

Wouldn’t it be nice if he was right?

I would love to see a “massive” economic boom.

Unfortunately, I don’t believe that is going to happen.  In fact, I believe that we are rapidly approaching some of the most difficult economic times that we have ever seen.

The laws of economics cannot be ignored forever.  The federal government is now 28 trillion dollars in debt, we are in the midst of the greatest corporate debt binge of all time, and U.S. consumers continue to go into debt as if tomorrow will never arrive.

But tomorrow always arrives eventually, and our “tomorrow” is going to be a day of reckoning that is going to be far more painful than most people would dare to imagine.

***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 Snyder 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 others 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)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

This Is The Worst Inflation Since The 1970s, And The Stage Is Being Set For The Total Collapse Of The U.S. Economy

How does it feel to live in a country with double-digit inflation?  On Tuesday, the Bureau of Labor Statistics told us that the consumer price index has risen 5.4 percent over the past 12 months, and such a high number shocked a lot of people.  But in order to make a fair comparison to the past, we have to account for the fact that the way inflation is calculated has been changed literally dozens of times over the past several decades.  According to John Williams of shadowstats.com, if inflation was still calculated the way that it was back in 1990, the official rate of inflation over the past 12 months would be about 9 percent.  And if inflation was still calculated the way that it was back in 1980, the official rate of inflation over the past 12 months would be well into double-digits.

Everyone that has been warning that we could soon see inflation rise to levels that we haven’t witnessed since the the Jimmy Carter years can stop, because we are already there.

The Bureau of Labor Statistics is committing fraud, because the numbers that they give us are almost meaningless.  For example, U.S. home prices have risen 20 percent over the past year, but the “shelter component of inflation” makes up only a tiny fraction of the overall consumer price index…

We’ll get the latest read on inflation Tuesday, when the Bureau of Labor Statistics puts out its consumer price index for the month of June. As you may recall, the May report showed the biggest annual increase in consumer prices, 5%, in 13 years. But if you’re looking for the recent jump in home prices to show up in that number, you’re likely to be disappointed. The shelter component of inflation, as measured by the CPI, has stayed pretty steady, from around 2% to 3.5%, for the past decade. And some economists have a problem with that.

Wouldn’t it be wonderful if your mortgage payment accounted for only 3.5 percent of your overall budget each month?

Needless to say, such a figure is completely and totally unrealistic.

For most of us, housing is the single biggest expense that we face on a regular basis.  And as I have documented in many previous articles, housing costs have been soaring into the stratosphere in recent months.

Car prices are also rising at an extremely alarming pace.  According to CNN, the average price of a new car has shot up 12 percent over the past year…

In May, the average new car price hit a record $38,255, according to JD Power, up 12% from the same period a year ago. About two-thirds of car buyers paid within 5% of the sticker price in May, with some paying even more.

Instead of buying a new vehicle, you could purchase a used one instead, but used car prices increased 10.5 percent in just the last month

Last month alone, average used car prices soared 10.5 percent – the largest such monthly increase since record-keeping began in January 1953. That spike accounted for about one-third of the monthly increase for the third straight month.

Renting vehicles has gotten a lot more expensive as well.

In fact, average rental rates are up a whopping 86 percent since this point in 2020…

Daily car rental rates have increased 86% compared to this time last year and 140% more than 2019, according to Julie Hall, a spokesperson for AAA.

The “5.4 percent inflation” fairly tale that the Labor Department is trying to sell us is absolutely laughable.

And as long as they keep putting out such doctored numbers, they are going to have zero credibility.

Everyone can see that prices are skyrocketing all around us.  In such an environment, a restaurant in New York can charge 200 dollars for French fries and some people will actually pay that price

Serendipity3, the iconic Upper East Side restaurant, set a Guinness World Records title for making the “Most Expensive French Fries” — just in time to celebrate National French Fry Day Tuesday!

Serendipity3’s Creative Director and Chef Joe Calderone and Corporate Executive Chef Frederick Schoen-Kiewert are the masterminds behind the “Creme de la Creme Pommes Frites,” which cost a whopping $200.

Our leaders thought that they could pump trillions upon trillions of fresh dollars into the system without any serious consequences.

Sadly, they were dead wrong.

Inflation is wildly out of control, and one economist just told Breitbart News that the U.S. is starting “to look a little bit like a Latin American country”

Desmond Lachman, an economist and senior fellow with the American Enterprise Institute (AEI), told Breitbart News on Sunday that the U.S. is beginning to resemble a Latin American country given its inflation, government spending, and printing of money.

“[The U.S. is] in [a]very bad position from a long-term point of view. I don’t see how this can end well when we’re running — now — budget deficits something like 15 percent of GDP,” Lachman said on SiriusXM’s Breitbart News Sunday with host Joel Pollak. “This is beginning to look a little bit like a Latin American country.”

It is actually much worse than that.

The truth is that we are in the terminal phase of the greatest debt bubble in the history of the world, and at such a critical moment U.S. officials have decided to systematically destroy the value of the reserve currency of the planet.

Prior to the pandemic, the U.S. government was stealing more than a hundred million dollars an hour from future generations of Americans, but now our politicians have upped that rate to more than 300 million dollars an hour.

And when the next major crisis comes along, they will pass even more “emergency packages”, because spending money is the only solution they have.

Meanwhile, the Federal Reserve continues to pump giant mountains of money into the financial system.  Since September 2019, the size of the Fed balance sheet has more than doubled, and that should be considered a crime against humanity.

Unfortunately, the vast majority of Americans don’t even know what the Federal Reserve is, and only a small fraction of the population actually understands what they are currently doing to our financial system.

Facing no significant resistance, our politicians will continue to get us into staggering amounts of debt, and the Fed will continue to transform the U.S. dollar into toilet paper.

Sadly, what they are doing is setting the stage for the collapse of the late, great U.S. economy, and the economic pain that is ahead will affect every single man, woman and child on the entire planet.

***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.

Biden Is Being Hailed As An “Economic Success” For Helping To Cause Rampant Inflation And Widespread Shortages

No matter what Joe Biden does, the corporate media is going to try to spin it into some sort of a success.  Right now, the U.S. is experiencing a problem with inflation that is on par with what we witnessed during the Jimmy Carter years of the 1970s.  And at this moment, we are facing persistent widespread shortages that are unlike anything that I have seen in my entire lifetime.  In fact, Bloomberg is openly admitting that “the world economy is suddenly running low on everything”.  But instead of denouncing the decisions that got us into this giant mess, the corporate media is attempting to frame our current circumstances as evidence that Joe Biden’s policies have been successful.

For example, today I came across a CNN article that openly acknowledged that “prices are surging”…

It’s time to sound the inflation alarm inside the White House.

From used cars and gasoline to lumber and food, prices are surging. The return of inflation, after a decades-long absence, is squeezing families and businesses recovering from the pandemic.

But instead of pointing out the economic mistakes that Joe Biden has made, that very same article claimed that rampant inflation is “evidence” that Biden’s policies are working as intended

In many ways, higher prices can be seen as evidence that President Joe Biden’s economic and health policies are working.

Using the standard that CNN is using, the Weimar Republic would be considered the greatest economy that the world has ever seen.

Rampant inflation is not a good thing.  Anyone that lived through the 1970s will tell you that.

Let me share a couple of charts with you that will help to explain why inflation is wildly out of control.  This first one shows the growth of M2…

What we were doing before the pandemic was insane, but now we are destroying the value of our currency at an exponential rate.

Borrowing and spending trillions and trillions of dollars that we do not have is a really foolish thing to do, but apparently CNN believes that this is sound economic policy.

Now let me show you how the Fed balance sheet has grown…

Ack!

As you can see, the size of the Fed balance sheet has roughly doubled since the beginning of the pandemic.

This has created the greatest rally in stock market history, but it is also helping to fuel a dramatic rise in inflation.  Just look at what has been happening to housing prices

Home prices surged in March, up 13.2% from the year prior, according to the S&P CoreLogic Case-Shiller National Home Price Index.

“Everybody expected housing to really sort of dry up with the rest of the economy,” said National Association of Home Builders CEO Jerry Howard. “And in fact, the opposite has happened. People who have been sort of scared out of the cities by the pandemic.”

If you don’t want to pay an extremely high price for an existing home, you could try to build your own, but rampant inflation and widespread shortages are making that exceedingly difficult

“The material shortage issue has shot to the top of the charts, if you will. It has been there since at least last fall, said Dan Durden, chief executive officer of the Pennsylvania Builders Association.

“It’s not just that prices are going up; it’s how quickly they’re going up, and nothing’s coming down,” he said. “And it’s not just the case that the item – particularly lumber – is so high, but that you can’t get it, no matter what you’re willing to pay.”

According to Durden, prices for just about everything that goes into a home are “through the roof” these days…

“There’s glass, there’s cement, there’s anything made of aluminum, there’s anything made of steel. We can’t get drywall at a decent price, copper products, pipe, everything’s through the roof,” Durden said. “Lumber’s gone through the roof, but everything else has gone up faster than the rate of inflation.”

Sadly, this is just the beginning.  Joe Biden and other world leaders are making decisions that are helping to set the stage for a very apocalyptic future.

But for the moment, most Americans appear to be convinced that the party can continue for the foreseeable future.  Speculation on Wall Street is at an all-time high, and some “investors” have been using extreme leverage to make lots of money in the cryptocurrency markets

When traders use margin, they essentially borrow from their brokerage firm to take a bigger position in bitcoin. If prices go down, they have to pay the brokerage firm back in what’s known as a “margin call.” As part of that, there’s often a set price that triggers selling in order to make sure traders can pay the exchange back.

Brian Kelly, CEO of BKCM, pointed to firms in Asia such as BitMEX allowing 100-to-1 leverage for cryptocurrency trades.

Of course what goes up must come down, and on the way down that sort of leverage is going to completely crush a lot of “investors” that thought that they had the game all figured out.

When things really start going haywire, will the corporate media come to a point where they finally turn on Joe Biden?

Needless to say, Joe Biden has not been the only one making really, really bad decisions.  Throughout the course of this pandemic, politicians and central bankers all over the globe have been flooding the world financial system with giant mountains of fresh money, and we have an emerging global crisis of epic proportions on our hands as a result.

There is no way that this is going to end well, but most of you already knew that.

***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.

Warnings Of A Dramatic Inflationary Collapse Just Keep Getting Louder

Signs of impending economic doom continue to grow all around us.  For years, highly respected experts have been warning about the steady destruction of our standard of living and the death of the U.S. dollar.  Perhaps you didn’t listen to those voices at first, and that is understandable.  Most Americans have their hands full making a living and taking care of their families.  But then housing prices started to go absolutely nuts, health costs continued to spiral out of control and a trip to the grocery store just kept getting more painful.  At this point, nobody can honestly deny that inflation has become a major problem.

But even though the chorus of voices that is warning of a dramatic inflationary collapse is growing by the day, the Federal Reserve just keeps pumping more giant piles of money into the financial system, and the federal government continues to engage in the most reckless spending binge in the entirety of U.S. history.

Despite the utterly insane policies of our “leaders”, the U.S. economy continues to languish in economic purgatory.  Trillions upon trillions of dollars have been poured into the economy, and yet the U.S. still has 8.2 million fewer jobs than it did last February.

They had hoped to create an “economic boom”, but instead they are setting the stage for an implosion of epic proportions.  In fact, John Williams of shadowstats.com insists that we are “eventually headed into a hyperinflationary economic collapse”

So, is the choice inflation or implosion? Williams says, “That’s the choice, and I think we are going to have a combination of both of them. I think we are eventually headed into a hyperinflationary economic collapse. It’s not that we haven’t been in an economic collapse already, we are coming back some now. . . . The Fed has been creating money at a pace that has never been seen before. You are basically up 75% (in money creation) year over year. This is unprecedented. Normally, it might be up 1% or 2% year over year. The exploding money supply will lead to inflation. I am not saying we are going to get to 75% inflation—yet, but you are getting up to the 4% or 5% range, and you are soon going to be seeing 10% range year over year. . . . The Fed has lost control of inflation.”

And remember, when the Fed has to admit the official inflation rate is 10%, John Williams says, “When they have to admit the inflation rate is 10%, my number is going to be up to around 15% or higher. My number rides on top of their number.”

You don’t want to believe Williams?

That is fine.

He has just been right time after time over the years.

But feel free to ignore him if you wish.

If you are determined to ignore the truth, you probably will not like what Egon von Greyerz is saying either…

As technological developments and markets go parabolic, we observe many market “experts,” even intelligent ones, forecasting that we are now in an exponential economic era. Thus many believe that this will go on forever. This is the typical attitude at market and economic tops and guarantees that THIS WILL NOT END WELL!

It is clearly absolute nonsense to believe that exponential expansion based on deficits, debts and fake money is the beginning of a new era. Anyone studying the economy and history of markets knows that exponential moves indicate the end of an era and not the beginning. As I have repeatedly said, history is our best teacher and it both rhymes and repeats itself. And history now gives us dire warnings.

If you wish to reject what these experts are telling us, can you point to another time in history when officials have wildly created new money and everything has turned out just great?

“New money” is always such a tempting solution, because every time it always seems to work at the beginning.  It is kind of like a tonic that instantly makes you feel better for a few hours but that ultimately kills you in the end as you keep taking it.

Now that we have greatly accelerated our journey toward an inflationary collapse, even Warren Buffett has started to sound the alarm

“We are seeing substantial inflation,” Warren Buffett told attendees at last week’s annual Berkshire Hathaway shareholder meeting. “We are raising prices. People are raising prices to us, and it’s being accepted.”

Ordinary Americans are searching for “inflation” online more frequently now than they have in more than a decade, data from Deutsche Bank strategist Jim Reid shows.

But CNN insists that everything is going to be just fine.

So that means that we don’t have anything to be concerned about, right?

Personally, I am deeply concerned about the second half of this calendar year, and it appears that I am not the only one.  Billionaires and corporate insiders have been offloading stocks at a very brisk pace in recent weeks…

When the country’s CEOs and billionaires start to head to the exits a little bit quicker than usual at the tail end of a 13 year bull market, it may be time to start paying attention.

That’s what we found noteworthy about a recent Bloomberg piece, which noted that stock sales by some of the world’s richest shareholders are “reaping a windfall”, thanks to our current inflated equity markets, “to the tune of trillions”.

Amazon.com’s Jeff Bezos and Google co-founder Sergey Brin are just two of the well known names that have been offloading stock. They are joined by names like Mark Zuckerberg and Larry Ellison.

If you have been snoozing for the last few years, now is the time to wake up.

Because we are steamrolling toward an economic implosion that will make the history books, and our economic problems are just one element of the “perfect storm” that our society is facing.

But a lot of people out there are going to be absolutely blindsided by what is coming, because they have no interest in listening to the warnings.

Instead, they have placed their trust in the talking heads that the corporate media puts on television, and those talking heads keep assuring us that everything is going to be just fine.

***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.

The Economic Collapse