Money

Member Of Congress Warns Of A 1,000 Point Stock Market Crash If Obamacare Lite Does Not Pass

March 23, 2017March 23, 2017 by Michael

Are we going to see a dramatic stock market plunge if the effort to get “Obamacare Lite” through the U.S. House of Representatives ultimately fails? On Thursday, a vote on the Republican healthcare bill was postponed once it became clear that there would not be enough votes for it to pass. House Republican leaders are still optimistic that there will still be a vote on Friday, but that is far from certain. Many strong conservatives in the House are balking at supporting this bill because while it does eliminate a few of the most troublesome provisions of Obamacare, it keeps many of the elements of Obama’s signature healthcare law that have proven to be popular with the American people. In other words, this bill is much more about “tweaking” Obamacare than “repealing” it.

This is the first major legislative test for President Trump and House Speaker Paul Ryan, and so far they are failing. House Republican leaders have gone into panic mode, because a “no” vote could have some very serious implications outside of Washington. In fact, one member of Congress is warning that if this bill does not pass that we could see the Dow drop 1,000 points in a single day…

It happened in real life on Sept. 29, 2008, when the House first voted on a Wall Street bailout intended to stem the financial crisis. In a swirl of uncertainty, Republican members stampeded to “no,” defeated the measure and watched the Dow tumble by more than 700 points. The same thing could happen on the GOP health bill, a veteran member told CNBC on Thursday — only bigger.

“If this goes down, we could take a 1,000-point market hit,” the member said. To be sure, traders and investors tell CNBC the market likely will go lower if there is no compromise Thursday, but the decline won’t likely come near a 1,000-point drop. That would represent a nearly 5 percent drop in the Dow, a bit less than the 7 percent decline when the index fell 777 points in September 2008.

And even if this bill does pass, we are probably headed for some sort of significant downturn anyway. Sven Henrich has just told CNBC that he believes that “the market could see a 5 to 10 percent drop in the near term”…

The market has enjoyed a stellar bull run, but a correction is likely looming, according to Sven Henrich, also known as the “Northman Trader.”

A very long-term analysis of the S&P 500, in conjunction with a look at the CBOE Volatility Index, leads Henrich to believe the market could see a 5 to 10 percent drop in the near term.

But fixing our failing healthcare system is far more important than trying to prop up the financial markets, and so the strong conservatives in the House are quite right to stand by their principles.

Simply “tweaking” Obamacare is not going to fix anything, and it is extremely disappointing that President Trump and Paul Ryan are advocating such an approach.

Thankfully, there are a number of strong conservatives in Congress that are willing to take a stand for what is right even if it means standing up against their own party. One of those principled conservatives is Senator Rand Paul, and he says that right now there are at least 35 Republican “no” votes in the House, and that would be enough to kill the bill…

I think there’s easily 35 no votes right now so unless something happens in the next 24 hours, I would predict they pull the bill and start over. I think if conservatives stick together, they will have earned a seat at the table where real negotiation to make this bill an acceptable bill will happen. But it’s interesting what conservatives are doing to change the debate. We went from keeping the Obamacare taxes for a year—hundreds of billions of dollars—but they’re coming towards us because we’re standing firm. So we have to stick together, and if we do stick together there will be a real negotiation on this. The main goal I have is not to pass something that does not fix the situation. If a year from now, insurance rates and premiums are still going through the roof and it’s now a Republican plan it will be a disservice to the president and all of us if we pass something that doesn’t work.

If this bill is ultimately defeated, I have an idea that might work.

Why don’t we get the government out of the healthcare business entirely?

Once upon a time when we actually let the free market determine the allocation of healthcare resources, we had the best healthcare system in the entire world.

But after decades of experimenting with socialist principles and adding mountains of rules, regulations and red tape to the system, we have a giant mess on our hands.

Either we need to go back to a true free market system, or we might as well go ahead and just socialize the entire thing.

Right now, hard working families have to pay for their own healthcare and also pay for the socialized healthcare that more than 125 million other Americans are receiving.

Yes, when you add up all of the Americans that are on Medicaid, CHIP, Medicare and other government programs, it comes to more than 125 million people.

So a lot of hard working families are scared to ever go to the hospital because their insurance deductibles are so high, and yet their taxes go to pay for all of the free healthcare that people on government assistance are receiving.

If the government is going to pay for the healthcare for nearly half the country, why should the rest of us have to pay for ours?

What we have now is such a ridiculous system, and what President Trump and Paul Ryan are proposing is not “free market” in any way, shape or form.

So I say let this horrible bill fail even if it means that financial markets will freak out for a little while.

Hopefully what transpires over the coming days will cause Republican leadership to go back to the drawing board, and a clean repeal of Obamacare would be a really good place to start.

What You Do On Your Cell Phone Could Come Back To Haunt You

March 14, 2017March 14, 2017 by Michael

As far as Big Brother is concerned, nothing that you do on your cell phone is ever private. And if the government really wants to see what is on your cell phone, they are going to get that information one way or another, even if that means resorting to physical violence. On Monday, NBC News provided us with yet another glaring example of how the United States is being transformed into a Big Brother police state. On January 1st, Akram Shibly and Kelly McCormick from Buffalo, New York were coming back home from a trip to Toronto, and they didn’t anticipate any unusual problems when they got to the border. Unfortunately for them, U.S. Customs & Border Protection agents decided to take their cell phones, demanded their passwords, and kept them in custody for the next two hours as they searched for anything that might be incriminating on those phones.

You might be thinking that sounds like it should be illegal, and you would be correct, but sadly federal courts have ruled that our constitutional rights do not apply to border searches. So authorities use this legal loophole to do pretty much anything they want at the border.

If that young couple from Buffalo would have had something illegal on their phones, they could have been immediately arrested and put in prison.

And we haven’t even gotten to the worst part of the story yet. Just a few days later Akram Shibly and Kelly McCormick took another trip to Canada, and this time border agents physically assaulted Akram when he did not immediately turn over his phone. The following comes from NBC News…

Three days later, they returned from another trip to Canada and were stopped again by CBP.

“One of the officers calls out to me and says, ‘Hey, give me your phone,'” recalled Shibly. “And I said, ‘No, because I already went through this.'”

The officer asked a second time.

Within seconds, he was surrounded: one man held his legs, another squeezed his throat from behind. A third reached into his pocket, pulling out his phone. McCormick watched her boyfriend’s face turn red as the officer’s chokehold tightened.

Is this still America?

I can’t believe that this is what the United States has become. When I was young I remember reading about this sort of thing in Nazi Germany, the USSR and Communist China, but I never imagined that it would happen here. For years I have been warning about this growing “Big Brother police state control grid”, and I wish that more Americans would realize how evil all of this government surveillance truly is.

You can watch an interview where this couple from Buffalo talks to NBC News about this recent incident at the border right here. It is so disgusting that this is how we are treating law abiding people when countless numbers of drug dealers and gang members are pouring across unprotected sections of our border every single day.

Unfortunately, cell phone searches at the border appear to be rising at an exponential rate. According to NBC News, more cell phone searches were conducted at the border during the month of February 2017 than in the entire year of 2015…

Data provided by the Department of Homeland Security shows that searches of cellphones by border agents has exploded, growing fivefold in just one year, from fewer than 5,000 in 2015 to nearly 25,000 in 2016.

According to DHS officials, 2017 will be a blockbuster year. Five-thousand devices were searched in February alone, more than in all of 2015.

And of course it isn’t just searches at the border that you need to be concerned about.

Not too long ago, it was being reported that the CIA has helped the Justice Department with technology that allows law enforcement officials to scan “data from thousands of U.S. cellphones at a time” from the safety of a plane…

The Central Intelligence Agency played a crucial role in helping the Justice Department develop technology that scans data from thousands of U.S. cellphones at a time, part of a secret high-tech alliance between the spy agency and domestic law enforcement, according to people familiar with the work.

The CIA and the U.S. Marshals Service, an agency of the Justice Department, developed technology to locate specific cellphones in the U.S. through an airborne device that mimics a cellphone tower, these people said.

So the next time a strange plane flies over your house, this may be what is happening.

Here is more on this disturbing new technology…

The program operates specially equipped planes that fly from five U.S. cities, with a flying range covering most of the U.S. population. Planes are equipped with devices—some past versions were dubbed “dirtboxes” by law-enforcement officials—that trick cellphones into reporting their unique registration information.

I have a feeling that if this program was ever challenged in court that it would be ruled unconstitutional, so let’s hope that happens as soon as possible.

But then again, the NSA has been collecting and storing all forms of electronic communication for years and nothing is being done about. We have even had a 36-year veteran of the NSA named William Binney come out and publicly admit that all of our phone conversations “are being monitored and stored” and still nothing is done to stop it.

So don’t do anything on your cell phone that you wouldn’t want the government to see, because someday they could use it to nail you.

Of course we also need to use discretion regarding the things that we know the public will be able to see. When you post something to Facebook or Twitter, you may think that it is harmless, but it could end up costing you big time. In fact, I just came across an article about how a number of pastors have actually been fired because of what is on their social media accounts…

“It’s not fair I lost my job,” the pastor told me.

“My church members post a lot worse things than I do on social media. It’s a double standard.”

He’s right. It is a double standard. But it’s reality. And, with greater frequency, more pastors and church staff are losing their jobs because of what they post, particularly on Facebook and Twitter and, to some extent, their blogs.

By the way, churches will not always tell the pastor the specific reason for the firing. But, once we begin to infuriate our church members with our posts, many will find a myriad of reasons to give us the boot.

Like the title to this article says, what you do on your cell phone could come back to haunt you.

For many Americans, cell phones have become an essential part of modern life, but the truth is that those little electronic devices can also destroy our lives if we are not careful.

So if you are going to use them, use them wisely, because people are watching.

Global Leaders Rattle Their Sabers As The World Marches Toward War

March 9, 2017March 9, 2017 by Michael

Iran just conducted another provocative missile test, more U.S. troops are being sent to the Middle East, it was just announced that the U.S. military will be sending B-1 and B-52 bombers to South Korea in response to North Korea firing four missiles into the seas near Japan, and China is absolutely livid that a U.S. carrier group just sailed through contested waters in the South China Sea. We have entered a season where leaders all over the globe feel a need to rattle their sabers, and many fear that this could be leading us to war. In particular, Donald Trump is going to be under the microscope in the days ahead as other world leaders test his resolve. Will Trump be able to show that he is tough without going over the edge and starting an actual conflict?

The Iranians made global headlines on Thursday when they conducted yet another ballistic missile test despite being warned by Trump on numerous occasions…

As tensions between the U.S. and Iran continue to mount, the semi-official news agency Tasnim is reporting that Iran’s Revolutionary Guard has successfully conducted yet another ballistic missile test, this time from a navy vessel. Called the Hormuz 2, these latest missiles are designed to destroy moving targets at sea at ranges up to 300 km (180 miles).

Reports on the latest test quotes Amir Ali Hajizadeh, commander of the IRGC’s Aerospace Force, who confirmed that “the naval ballistic missile called Hormuz 2 successfully destroyed a target which was 250 km away.”

The missile test is the latest event in a long-running rivalry between Iran and the United States in and around the Strait of Hormuz, which guards the entrance to the Gulf. About 20% of the world’s oil passes through the waterway, which is less than 40 km wide at its narrowest point.

So how will Trump respond to this provocation?

Will he escalate the situation? If he does nothing he will look weak, but if he goes too far he could risk open conflict.

Elsewhere in the Middle East, things are already escalating. It is being reported that “several hundred Marines” are on the ground in Syria to support an assault on the city of Raqqa, and another 1,000 troops could be sent to Kuwait to join the fight against ISIS any day now. The following comes from Zero Hedge…

While the Trump administration waits to decide if it will send 1,000 troops to Kuwait to fight ISIS, overnight the Washington Post reported that the US has sent several hundred Marines to Syria to support an allied local force aiming to capture the Islamic State stronghold of Raqqa. Defence officials said they would establish an outpost from which they could fire artillery at IS positions some 32km (20 miles) away. US special forces are already on the ground, “advising” the Kurdish-led Syrian Democratic Forces (SDF) alliance according to the BBC.

The defence officials told the Washington Post that the Marines were from the San Diego-based 11th Marine Expeditionary Unit, and that they had flown to northern Syria via Djibouti and Kuwait. They are to set up an artillery battery that could fire powerful 155mm shells from M777 howitzers, the officials said. Another marine expeditionary unit carried out a similar mission at the start of the Iraqi government’s operation to recapture the city of Mosul from IS last year.

Meanwhile, China is spitting mad for several reasons. For one, the Chinese are absolutely furious that South Korea has allowed the U.S. to deploy the THAAD missile defense system on their soil…

China is lashing out at South Korea and Washington for the deployment of a powerful missile defense system known as the Terminal High Altitude Area Defense system, or THAAD, deposited at the Osan Air Base in South Korea on Monday evening.

The deployment of THAAD follows several ballistic missile tests by North Korea in recent months, including the launch of four missiles on Monday, three of which landed in the sea off the coast of Japan. Though THAAD would help South Korea protect itself from a North Korean missile attack, China is vocally protesting the deployment of the system, claiming it upsets the “strategic equilibrium” in the region because its radar will allow the United States to detect and track missiles launched from China.

Of course the U.S. needed to do something, because the North Koreans keep rattling their sabers by firing off more ballistic missiles toward Japan.

But it is one thing to deploy a missile defense system, and it is another thing entirely to fly strategic nuclear bombers into the region.

So if the Chinese were upset when THAAD was deployed, how will they feel when B-1 and B-52 bombers start showing up in South Korea?…

Earlier this week, trigger-happy Kim pushed his luck once more when he fired off four ballistic missiles into the seas near Japan.

Now US military chiefs are reportedly planning to fly in B-1 and B-52 bombers – built to carry nuclear bombs – to show America has had enough.

South Korea and the US have also started their annual Foal Eagle military exercise sending a strong warning to North Korea over its actions.

A military official said 300,000 South Korean troops and 15,000 US personnel are taking part in the operation.

The Trump administration has openly stated that all options “are on the table” when it comes to North Korea, and that includes a military strike.

It has been more than 60 years since the Korean War ended, but many are concerned that we may be closer to a new Korean War than we have been at any point since that time.

And of course our relationship with China is tumbling precariously downhill as well. Another reason why the Chinese are extremely upset with the Trump administration is because a U.S. Navy carrier battle group led by the USS Carl Vinson sailed past islands that China claims in the South China Sea just a few weeks ago.

In China, the media openly talks about the possibility of war with the United States over the South China Sea. Most Americans are not even aware that the South China Sea is a very serious international issue, but over in China this is a major focus.

And the U.S. military has recently made several other moves in the region that have angered the Chinese…

Also in February, the U.S. sent a dozen F-22 Raptor stealth fighters to Tindal AB in northern Australia, the closest Australian military airbase to China, for coalition training and exercises. It’s the first deployment of that many F-22s in the Pacific.

And if that didn’t get the attention of the Chinese government, the U.S. just tested four Trident II submarine-launched ballistic missiles during a nuclear war exercise, sending the simulated weapons 4,200 miles from the coast of California into the mid-Pacific. It’s the first time in three years the U.S. has conducted tests in the Pacific, and the first four-missile salvo since the end of the Cold War.

I can understand the need to look tough, but eventually somebody is going to go too far.

If you are familiar with my work, then you know that I believe that war is coming. Things in the Middle East continue to escalate, and it is only a matter of time before a great war erupts between Israel and her neighbors. Meanwhile, U.S. relations with both Russia and China continue to deteriorate, and this is something that I have been warning about for a very long time.

We should hope for peace, but we should also not be blind to the signs of war that are starting to emerge all over the planet. Relatively few people anticipated the outbreak of World War I and World War II in advance, and I have a feeling that the same thing will be true for World War III.

16 Reasons Why You Shouldn’t Live In California

March 8, 2017 by Michael

It has been said that “as California goes, so goes the nation”. That is why it is such a shame what is happening to that once great state. At one time, California seemed to be the epicenter of the American Dream. Featuring some of the most beautiful natural landscapes in the entire world, the gorgeous weather and booming economy of the state inspired people from all over the world to move to the state. But now people are moving out of the state by the millions, because life in California has literally become a nightmare for so many people.

I certainly don’t have anything against the state personally. My brother and sister were both born there, and I spent a number of my childhood years in stunning northern California. When I was younger I would sometimes dream of getting a place on the coast eventually, but for reasons I will discuss below I no longer think that would be advisable.

In fact, if I was living in California today I would be immediately looking for a way to move out of the state unless I specifically felt called to stay. The following are 16 reasons why you shouldn’t live in California…

#1 The entire California coastline is part of the “Ring of Fire” seismic zone that roughly encircles the Pacific Ocean. The San Andreas Fault has been described as a “time bomb“, and at some point there will be a catastrophic earthquake that absolutely devastates the entire region. In fact, a study that was just released says that a “major earthquake” on the San Andreas Fault “is way overdue” …

A recently published study reveals new evidence that a major earthquake is way overdue on a 100 mile stretch of the San Andreas Fault from the Antelope Valley to the Tejon Pass and beyond.

Researchers with the U.S. Geological Survey released the results of the years-long study warning a major earthquake could strike soon.

#2 Out of all 50 states, the state of California has been ranked as the worst state for business for 12 years in a row…

In what is sounding like a broken record, California once again ranked dead last in Chief Executive magazine’s annual Best and Worst States for Business survey of CEOs – as it has all 12 years the survey has been conducted. Texas, meanwhile, earned the top spot for the 12th straight year.

Among the survey’s subcategories, the 513 CEOs from across the nation ranked California 50th in taxation and regulation, 35th in workforce quality and 26th in living environment, which includes cost of living, the education system and state and local attitudes toward business. Notably, California placed worst among the nine states in the Western region in all three categories.

#3 California has the highest state income tax rates in the entire nation. For many Americans, the difference between what you would have to pay if you lived in California and what you would have to pay if you lived in Texas could literally buy a car every single year.

#4 The state government in Sacramento seems to go a little bit more insane with each passing session. This time around, they are talking about going to a single-payer healthcare system for the entire state that would cost California taxpayers 40 billion dollars a year…

On Friday, State Senator Ricardo Lara introduced legislation that would transition California’s healthcare into a single-payer system. (RELATED: Read what a retired colonel said about the real purpose of Obamacare). The system would be very similar to the healthcare system currently in place in Canada and would cost California taxpayers roughly $40 billion for the first year alone. Given the poor economic climate California has already created for itself, this will no doubt be just one more burden on the people of California, and one step closer towards total bankruptcy.

Micah Weinberg, the president of the Economic Institute at the Bay Area Council, raised concerns over the financial consequences of the proposed legislation. “Where are they going to come up with the $40 billion?” he asked. He went on to suggest that adopting a state level single-payer system is “just not feasible to do as a state.”

#5 The traffic in the major cities just keeps getting worse and worse. According to USA Today, Los Angeles now has the worst traffic in the entire world, and San Francisco is not far behind.

#6 A lot of money is being made in Silicon Valley these days (at least for now), but poverty is also exploding in the state. In desperation, homeless people are banding together to create large tent cities all over the state, and the L.A. City Council recently asked Governor Jerry Brown “to declare homelessness a statewide emergency“.

#7 Thanks to unchecked illegal immigration, crime is on the rise in many California cities. The drug war that has been raging for years in Mexico is increasingly spilling over the border, and many families have moved out of the state for this reason alone.

#8 California is one of the most litigious states in the entire nation. According to the U.S. Chamber Institute for Legal Reform, the “lawsuit climate” in California is ranked 47th out of all 50 states.

#9 Every year wildfires and mudslides wreak havoc in the state. Erosion is particularly bad along the coast, and I have previously written about how some portions of the California coastline are literally falling into the ocean.

#10 California has some of the most ridiculous housing prices in the entire country. Due to a lack of affordable housing rents have soared to wild extremes in San Francisco, where one poor engineer was actually paying $1,400 a month to live in a closet.

#11 All over the state, key infrastructure is literally falling to pieces. Governor Jerry Brown recently issued a list of key projects that needed to be done as soon as possible, and the total price tag for that list was 100 billion dollars. Of course that list didn’t even include the Oroville Dam, and we all saw what happened there.

#12 Radiation from the ongoing Fukushima nuclear disaster continues to cross the ocean and wash up along the California coastline. The impact of this crisis on the health of those living along the west coast could potentially be felt for generations.

#13 Illegal drug use in the state is on the rise again, and emergency rooms are being flooded by heroin overdose victims.

#14 On top of everything else, it is being reported that Russia is “quietly ‘seeding’ the U.S. shoreline with nuclear ‘mole’ missiles”. The following comes from retired colonel and former Russian defense ministry spokesman Viktor Baranetz…

“What are these mysterious ‘asymmetrical responses’ that our politicians and generals speak about so often? Maybe it’s a myth or a pretty turn of phrase? No! Our asymmetrical response is nuclear warheads that can modify their course and height so that no computer can calculate their trajectory. Or, for example, the Americans are deploying their tanks, airplanes and special forces battalions along the Russian border. And we are quietly ‘seeding’ the U.S. shoreline with nuclear ‘mole’ missiles (they dig themselves in and ‘sleep’ until they are given the command)[…]

“Oh, it seems I’ve said too much. I should hold my tongue.”

Hopefully what Baranetz is claiming is not accurate, because if it is even partly true the implications are absolutely staggering.

#15 North Korea is a major nuclear threat as well. It is being reported that the North Koreans are developing an ICBM that could potentially reach the west coast of the United States…

Defense officials have warned that North Korea is on the brink of producing an ICBM that could target the United States. North Korean leader Kim Jong Un announced in January during his New Year’s address that Pyongyang had “entered the final stage of preparations to test-launch” an ICBM that could reach parts of the United States.

#16 Someday a very large earthquake will produce a major tsunami on the west coast. According to the Los Angeles Times, one study found that a magnitude 9.0 earthquake along the Cascadia fault could potentially produce a massive tsunami that would “wash away coastal towns”…

If a 9.0 earthquake were to strike along California’s sparsely populated North Coast, it would have a catastrophic ripple effect.

A giant tsunami created by the quake would wash away coastal towns, destroy U.S. 101 and cause $70 billion in damage over a large swath of the Pacific coast. More than 100 bridges would be lost, power lines toppled and coastal towns isolated. Residents would have as few as 15 minutes notice to flee to higher ground, and as many as 10,000 would perish.

Scientists last year published this grim scenario for a massive rupture along the Cascadia fault system, which runs 700 miles off shore from Northern California to Vancouver Island.

Over the past decade, approximately five million people have moved away from California.

After reading this article, perhaps you have a better understanding why so many people are getting out while they still can.

To me, one of the greatest concerns is the rise in seismic activity that we are seeing all over the world. In my latest book I express my belief that the United States will be greatly affected by this increase in seismic activity, and California is going to get hit harder than just about anywhere else.

Once again, I don’t have anything against California or the people that live there. It is such a beautiful place, and it once held so much promise.

Unfortunately that promise has been shattered, and there is a mass exodus out of the state as families flee the horrific nightmare that California is in the process of becoming.

This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced

March 7, 2017 by Michael

The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon thousands of desperately hungry people that are digging through trash bins on the streets can find discarded food more easily. Of course the two nations that I am talking about are Brazil and Venezuela. The Brazilian economy was once the seventh largest on the globe, but after shrinking for eight consecutive quarters it has now fallen to ninth place. And in Venezuela the economic collapse has gotten so bad that more than 70 percent of the population lost weight last year due to a severe lack of food. Most of us living in the northern hemisphere don’t think that anything like this could happen to us any time soon, but the truth is that trouble signs are already starting to erupt all around us. It is just a matter of time before the things currently happening in Brazil and Venezuela start happening here, but unfortunately most people are not heeding the warnings.

Just a few years ago, the Brazilian economy was absolutely roaring and it was being hailed as a model for the rest of the world to follow. But now Brazil’s GDP has been imploding for two years in a row, and this downturn is being described as “the worst recession in recorded history” for that South American nation…

Latin America’s largest economy Brazil has contracted by 3.6 percent in 2016, shrinking for the second year in a row; statistics agency IBGE said on Tuesday. It confirmed the country is facing its longest and deepest recession in recorded history.

Data shows gross domestic product (GDP) fell for the eighth straight quarter in the three months to December, down 0.9 percent from the previous quarter. The figure was worse than the 0.5 percent decline economists had forecast and left the country’s overall GDP down 3.6 percent for the full year following a 3.8 percent drop in 2015.

“In real terms, GDP is now nine percent below its pre-recession peak,” Neil Shearing, chief emerging markets economist at Capital Economics, told the Financial Times.

“This is comfortably the worst recession in recorded history,” he added.

It had been hoped that things in Brazil would be getting better by now, but instead they just keep getting worse.

The number of bankruptcy filings has soared to an all-time record high, and the official unemployment rate has more than doubled since the end of 2013. The following comes from Wolf Richter…

In a stunning deterioration, the unemployment rate in Brazil spiked to 12.6% in the rolling three-month period through January, a record in the new data series going back to 2012, according to Brazil’s statistical agency IBGE. Up from 11.8% in the three-month period through October. Up from an already terribly high 9.5% a year ago. And more than double the 6.2% in December 2013.

Meanwhile, hordes of hungry people are rummaging through garbage cans in Venezuela in order to find something to fill their aching stomachs.

Things have gotten so bad that one of President Maduro’s chief opponents has urged citizens to label which trash bags have food in them so that people that are searching through the garbage can find food scraps more easily…

Controversial Priest and opponent to President Nicolás Maduro’s administration Father Jose Palmar posted on social media this week about labeling discarded waste so those looking through it for food can do so more easily and “with dignity.”

Palmar called on Venezuelans to celebrate Lent by identifying bags where food has been discarded for those with no where else to turn. That way, they don’t have to dig through non-edible items to find it.

And previously I have written about how people are so hungry in Venezuela that some of them are actually slaughtering and eating cats, dogs, pigeons and zoo animals.

I keep telling people that this is coming to America, but a lot of people out there don’t want to believe me.

But it is most certainly coming.

Thanks to chronically empty store shelves and severe food shortages, people in Venezuela are losing weight at an astounding pace. In the United States it would be a good thing if much of the population lost this much weight, but in Venezuela it definitely is not…

Three quarters of the country’s population lost an average of over 18 pounds over food shortages in 2016, according to a survey by Venezuelan universities and nonprofit groups. Last year, over 80 percent of foodstuffs disappeared from shelves and many had to get by with one meal a day, Foreign Policy reported.

Venezuela was once South America’s most powerful petrostate. But decades of government mismanagement sent the country into decline. Maduro’s predecessor Hugo Chavez choked the economy with heavy-handed regulations, price controls, and a campaign to nationalize major industries that chased out foreign investments.

Further north, very alarming signs are starting to pop up in Mexico.

It probably won’t happen next week or next month, but there are indications of emerging “liquidity problems” which could precipitate a major debt crisis at some point…

In Mexico foreign investors hold around $100 billion of the country’s local-currency government debt, the most for any emerging market economy. That’s almost 20 times what it was 20 years ago. They also hold billions of euros worth of corporate bonds, which are also showing signs of strain, prompting some Mexican business leaders to call for “new programs” to be implemented before the situation causes “a large-scale crisis” among Mexican companies.

The most ominous sign yet came last week when Bloomberg reported sources saying that the Bank of Mexico (or Banxico, as it is referred to) had sought a swap line from the Federal Reserve in case of “liquidity problems,” which immediately triggered furious denials from Banxico. “I can say clearly and unequivocally that we are not in the process of asking for any credit line from any authority,” said the central bank’s governor, Agustin Carstens, who has postponed by six months his departure from the bank, initially scheduled for May.

One of the biggest problems for nations such as Brazil, Venezuela and Mexico is the strength of the U.S. dollar. During the good times they went into tremendous amounts of debt, and much of that debt was denominated in U.S. dollars. So when the U.S. dollar becomes stronger, it takes more of their own local currencies to pay that debt back.

And if the Federal Reserve raises interest rates at their next meeting, that will strengthen the U.S. dollar even more and put even more pressure on emerging market economies.

Unfortunately, it appears that this is precisely what the Fed is going to do…

Even one small interest rate increase by the Fedcould have a sweeping impact on U.S. and world economies, Komal Sri-Kumar told CNBC on Monday.

“I think they are going to hike” on March 15, Sri-Kumar said on “Squawk Box,” echoing a theory shared by many analysts. “But that is going to prompt capital outflows from the euro zone, especially with the political risk. It is going to increase the capital outflow from China, and the U.S. economy will feel the impact.”

The global economy is more interconnected than ever before, and pain that starts in one region can rapidly spread to others.

The biggest debt bubble that the world has ever seen is starting to burst, and over the coming years we are going to see financial pain on a scale that would be unimaginable to most of us at this moment.

But even now there are those that would suggest that this colossal debt bubble can continue growing much faster than global GDP indefinitely, and this sort of exceedingly reckless optimism is leading many astray.

Government Spooks Can Use The Mic And Camera On Trump’s Phone Even When He Thinks It Is Turned Off

March 5, 2017March 5, 2017 by Michael

After reading this article you might not ever view your electronic devices the same way again. Last year, Hollywood released a biographical political thriller based on the life of Edward Snowden that had one particularly creepy scene. In that scene, a government spook used a program to remotely activate the microphone and camera on a laptop, and by doing so he was able to watch a woman as she got undressed. Sadly, as you will see below, this kind of thing is happening constantly. Any digital device can potentially be accessed and used to spy on you even if it appears to be turned off. And this is why Donald Trump needs to be so careful right now, because the intelligence community wants to take him down and they can literally use any digital device in his possession to try to gather dirt on him. We have a “deep state” that is absolutely obsessed with watching, tracking and monitoring the American people, and something desperately needs to be done about this unconstitutional surveillance. Now that Trump has become greatly upset about how the government was tapping into his phone calls, maybe something will finally get accomplished.

In an article that I just published on The Most Important News, I talked about the NSA’s brand new two billion dollar data storage facility in Utah that can store up to five zettabytes of data. Secret “electronic monitoring rooms” embedded within the facilities of major communications companies across the United States send an endless flow of digital information to this facility, and most Americans have no idea that this is even happening. The following comes from Wired…

Before yottabytes of data from the deep web and elsewhere can begin piling up inside the servers of the NSA’s new center, they must be collected. To better accomplish that, the agency has undergone the largest building boom in its history, including installing secret electronic monitoring rooms in major US telecom facilities. Controlled by the NSA, these highly secured spaces are where the agency taps into the US communications networks, a practice that came to light during the Bush years but was never acknowledged by the agency. The broad outlines of the so-called warrantless-wiretapping program have long been exposed—how the NSA secretly and illegally bypassed the Foreign Intelligence Surveillance Court, which was supposed to oversee and authorize highly targeted domestic eavesdropping; how the program allowed wholesale monitoring of millions of American phone calls and email. In the wake of the program’s exposure, Congress passed the FISA Amendments Act of 2008, which largely made the practices legal. Telecoms that had agreed to participate in the illegal activity were granted immunity from prosecution and lawsuits.

Whistleblowers have come forward again and again to warn us about what was happening, but they have largely been ignored. One of the most prominent whistleblowers was former NSA employee William Binney…

Binney left the NSA in late 2001, shortly after the agency launched its warrantless-wiretapping program. “They violated the Constitution setting it up,” he says bluntly. “But they didn’t care. They were going to do it anyway, and they were going to crucify anyone who stood in the way. When they started violating the Constitution, I couldn’t stay.” Binney says Stellar Wind was far larger than has been publicly disclosed and included not just eavesdropping on domestic phone calls but the inspection of domestic email. At the outset the program recorded 320 million calls a day, he says, which represented about 73 to 80 percent of the total volume of the agency’s worldwide intercepts. The haul only grew from there.

Can you imagine recording 320 million phone calls a day?

And that was at the beginning of the program – I can’t even imagine what the number must be these days.

But even if you aren’t using your phone government spooks can still potentially be listening to you. The following comes from a CNN article entitled “How the NSA can ‘turn on’ your phone remotely“…

Government spies can set up their own miniature cell network tower. Your phone automatically connects to it. Now, that tower’s radio waves send a command to your phone’s antennae: the baseband chip. That tells your phone to fake any shutdown and stay on.

A smart hack won’t keep your phone running at 100%, though. Spies could keep your phone on standby and just use the microphone — or send pings announcing your location.

John Pirc, who did cybersecurity research at the CIA, said these methods — and others, like physically bugging devices — let the U.S. hijack and reawaken terrorists’ phones.

Unfortunately, these tactics are not just used against “terrorists”.

The truth is that these tactics are employed against anyone that the NSA is interested in, and in fact they could be listening to you right now.

Thanks to Edward Snowden, we have learned quite a bit about how the NSA takes over digital devices…

The latest story from the Edward Snowden leaks yesterday drives home that the NSA and its spy partners possess specialized tools for doing exactly that. According to The Intercept, the NSA uses a plug-in called GUMFISH to take over cameras on infected machines and snap photos.

Another NSA plug-in called CAPTIVATEDAUDIENCE hijacks the microphone on targeted computers to record conversations.

Intelligence agencies have been turning computers into listening devices for at least a decade, as evidenced by the Flame spy tool uncovered by Kaspersky Lab in 2012, which had the ability to surreptitiously turn on webcams and microphones and perform a host of other espionage operations.

So what can you do to prevent this from happening?

If you have external webcams and microphones, you can unplug them when they are not in use.

If you have a built-in camera, some have suggested covering the camera with a sticker.

And of course pulling out the battery entirely will prevent someone from taking over your phone when you are not using it.

But at the end of the day, it is going to be really hard to keep government spooks out of your electronic devices completely. They have become extremely sophisticated at using these devices to get what they want, and they will literally go after just about anyone.

For example, just consider what they did to former CBS reporter Sharyl Attkisson. In her recent book, she details a campaign of digital harassment that sounds like something out of a spy novel. The following comes from the Washington Post…

The breaches on Attkisson’s computer, says this source, are coming from a “sophisticated entity that used commercial, nonattributable spyware that’s proprietary to a government agency: either the CIA, FBI, the Defense Intelligence Agency, or the National Security Agency (NSA).” Attkisson learns from “Number One” that one intrusion was launched from the WiFi at a Ritz Carlton Hotel and the “intruders discovered my Skype account handle, stole the password, activated the audio, and made heavy use of it, presumably as a listening tool.”

To round out the revelations of “Number One,” he informs Attkisson that he’d found three classified documents deep inside her operating system, such that she’d never know they were even there. “Why? To frame me?” Attkisson asks in the book.

If they can do all of that to Sharyl Attkisson, they can do it to Donald Trump too.

Trump needs to understand that the deep state is trying to destroy him, and that everything that he says and does is being monitored.

So until Trump can completely clean house at all of our intelligence agencies, he is going to have to be extremely careful 24 hours a day.

And let us hope that Trump is ultimately victorious in his struggle against the deep state, because the future of this nation is literally hanging in the balance.

President Oprah? Speculation Rises That The 2020 Election Will Feature An Epic Battle Between Donald Trump And Oprah Winfrey

March 2, 2017March 2, 2017 by Michael

When Donald Trump originally announced that he was going to run for president, he said that his ideal choice for a running mate was Oprah Winfrey, but now he may be actually running against her in the 2020 election. A recent episode of The David Rubenstein Show that featured an interview with Oprah Winfrey is creating a tremendous amount of buzz that Oprah Winfrey may throw her hat into the ring during the next election cycle. This particular episode was taped back on December 12th, but it didn’t actually get aired on Bloomberg TV until last Tuesday. You can see the portion of the interview in which Oprah is asked about her presidential aspirations on YouTube right here, and as you can see, she definitely sounds like someone that is very seriously thinking about running…

Prior to this last election, Oprah says that she never even considered the possibility of running, but Donald Trump’s victory in November made her realize that maybe she could do it too. The following summary of the most important moments from the interview comes from Charisma News…

“I actually never thought—never considered the question, even the possibility,” she said while smiling coyly. “I just thought, ‘Oh. Oh.'”

“Because it’s clear you don’t need government experience to be elected president of the United States,” Rubenstein interjected.

“That’s what I thought,” she replied. “I thought, Oh gee, I don’t have the experience, I don’t know enough. Now I’m thinking, Oh. Oh.”

When Oprah made these statements, she had to know that they would create a firestorm.

And that is definitely what is happening. People are going absolutely crazy on Twitter at the thought that we could have “President Oprah” in 2020, and Matt Drudge is extremely enthusiastic about a Trump vs. Oprah race…

In a tweet sent Wednesday morning, the reclusive journalist who broke the Clinton-Monica Lewinsky scandal said such a race would be one for the ages.

“Trump vs Oprah would be the most epic race in American history. MAKE THIS HAPPEN…” Drudge tweeted to his nearly half a million followers.

And this is certainly not the first time that it has been suggested that Oprah should run for president. Just one week after the election, political activist Michael Moore mentioned her as a potential candidate…

“Democrats would be better off if they ran Oprah or Tom Hanks … why don’t we run beloved people?” Moore told CNN’s Jake Tapper on “State of the Union.”

“We have so many of them,” he said. “The Republicans do this — they run Reagan and the Terminator and other people.” It was a reference to former California Gov. Arnold Schwarzenegger, as well as former President Ronald Reagan.

“Why don’t we run somebody that the American people love and are really drawn to, and that are smart and have good politics and all that?” Moore said.

Needless to say, Oprah would make a horrible president. Her political views are ultra-liberal, and she has no practical political experience whatsoever.

However, if she did run she would definitely be the front-runner for the Democratic nomination. At the moment, Joe Biden and Elizabeth Warren are considered to be the most likely opponents for Trump, and Oprah would almost certainly trounce either of them.

But will she actually do it? Oprah’s friend Gayle King is saying that it is not going to happen…

“I was in the audience that day and it was clearly a joke when she was playing with David because they have such a great rapport,” said Winfrey’s close pal and CBS This Morning co-host Gayle King early Thursday of a recent interview Oprah gave suggesting she was finally thinking of running for President. “But I also heard on the Oprah Winfrey show over the years you always have the right to change your mind but I would bet my first, second born and any unborn children to come, that ain’t never happening,” King emphatically added.

And hopefully it will not happen.

But the ironic thing is that the very first person that Donald Trump suggested as a potential running mate when he announced his candidacy in 2015 was Oprah Winfrey. The following comes from the New York Post…

Real estate mogul-turned-celebrity TV star Donald Trump already had an “Aha!” moment about his 2016 running mate.

After declaring his run for the White House Tuesday, Trump appeared on ABC and said Oprah Winfrey would complete his presidential dream ticket.

“I think Oprah would be great. I’d love to have Oprah,” Trump said. “I think we’d win easily, actually.”

I’ll bet you don’t remember that, do you?

And in his new book entitled “The Making of the President 2016“, Roger Stone reminds everyone that Trump actually floated the idea of Oprah as his running mate all the way back in 1999 during an interview with Larry King. The following is an excerpt from Roger Stone’s new book that was posted on Infowars…

Early in the interview, Trump dropped Bombshell Number One: “So I am going to form a presidential exploratory committee, I might as well announce that on your show, everyone else does, but I’ll be forming that and effective, I believe, tomorrow,” Trump told the crusty interviewer. “And we’ll see. I mean, we’re going to take a very good, strong look at it.”

And just minutes later, Larry went for it and asked him if he had a vice presidential candidate in mind. Trump hesitated briefly as if to ponder his answer and then stunned everyone including King – and no doubt Oprah herself. “Oprah. I love Oprah,” Trump said. “Oprah would always be my first choice. She’s a terrific woman. She is somebody that is very special. If she’d do it, she’d be fantastic. I mean, she’s popular, she’s brilliant, she’s a wonderful woman.” The following day the newspapers and TV news were filled with talk of Trump and Oprah.

I honestly don’t know what Trump was thinking, because Oprah Winfrey definitely does not belong in politics.

Even if Oprah does not run for president, Trump’s victory has a lot of other celebrities thinking that they could do the same thing that he did. Other big names that have been floated as potential candidates in 2020 include Mark Zuckerberg, Kanye West, Mark Cuban and Dwayne “The Rock” Johnson.

As you can see, we have entered a strange new era in American politics, and there is no telling what craziness we may see during the next election cycle.

Is Something Strange Happening Inside The Earth?

February 28, 2017February 28, 2017 by Michael

Why are “giant fountains of lava” suddenly pouring out of some of the most dangerous volcanoes on the entire planet, and why are so many long dormant volcanoes suddenly roaring back to life? The spectacular eruption of Mt. Etna in Italy is making headlines all over the world, but it is far from alone. According to Volcano Discovery, 35 major volcanoes either are erupting right now or have just recently erupted, and dozens of others are stirring. So what is causing this upsurge in volcanic activity? Is something strange happening inside the Earth?

According to the USGS, magma is “molten rock underground”, and lava is molten rock “that breaks through the Earth’s surface”. Right now, something is pushing magma up through the crust of the Earth at a number of key spots around the planet. On the island of Sicily, the “giant fountains of lava” that are coming out of Mt. Etna can be seen 30 kilometers away…

Giant fountains of lava could be seen sprouting from the volcano, located on the isle of Sicily, as far away as Catania, around 30 kilometres away, and the resort town of Taormina.

The Meteorological Observatory in Nunziata said: “You can clearly see the lava fountains, although currently modest, as it escapes from the crater in the southeast.”

An orange air alert has been issued, meaning that airspace will remain open but authorities will continue to monitor the situation.

On the other side of the world, a constant stream of molten rock has been springing out of Guatemala’s “Volcano of Fire” since February 25th…

Guatemala’s Volcano of Fire erupted Saturday (Feb 25), spewing lava and sending up plumes of ash that rained down on nearby communities and could eventually reach the capital, civil protection authorities said.

The Volcan de Fuego, one of the country’s three active volcanoes, is located about 45km southwest of the capital Guatemala City. It was the volcano’s second eruption this year.

And in the middle of the Pacific Ocean, a “firehose of lava” has been pouring out of the Kilauea Volcano since December 31st.

Meanwhile, a number of large volcanoes that have been dormant for a very long time all over the world have started springing back to life.

For instance, the only active volcano in India has suddenly started “spewing lava and ash” after being silent for 150 years…

Barren Islands volcano, India’s only active volcano, is reportedly spewing lava and ash after a gap of 150 years. It erupted for about four hours in January, scientists from the National Institute of Oceanography (NIO) claimed.

The volcano is situated in Barren Islands in the Andaman & Nicobar archipelago. Some unsubstantiated reports even claim that it is South Asia’s only active volcano.

Its first recorded eruption dates back to 1787. Since then, the volcano has erupted more than ten times, including the one this year.

At one time scientists would speak of “dead volcanoes”, but now we learning that it really isn’t safe to speak of any volcano as being completely “dead”. So many of these long dormant volcanoes are roaring back to life, and why this is suddenly happening now is puzzling many of the experts.

And as you have seen, this isn’t isolated to just one or two geographic regions. It literally is happening all over the globe.

Last month, Indonesia’s Mount Sinabung in the southern hemisphere erupted seven times in the space of a single day, and meanwhile authorities in the northern hemisphere were warning us that four of Iceland’s biggest volcanoes are preparing to erupt.

Indonesia and Iceland are about as far apart as you can get, and yet they are both being affected by this worldwide phenomenon.

Without a doubt, something definitely appears to be causing a significant increase in worldwide seismic activity.

Let’s talk about earthquakes for a moment. A website known as the Big Wobble recently published an article that included two extraordinary maps. The first map showed the number of major earthquakes from January 1900 to January 1917, and the second map showed the number of major earthquakes from January 2000 to January 2017. The difference between the two maps was startling to say the least.

It is becoming extremely difficult to deny that something is happening to the crust of our planet, and many are becoming concerned about what we could soon experience if the level of seismic activity continues to rise.

We already talked about Mt. Etna, but a much greater threat in Italy appears to be awakening under the city of Naples. A massive supervolcano known as “Campi Flegrei” is close to a “critical state”, and if it erupts the consequences will be beyond catastrophic. The following comes from National Geographic…

A long-quiet yet huge supervolcano that lies under 500,000 people in Italy may be waking up and approaching a “critical state,” scientists report this week in the journal Nature Communications.

Based on physical measurements and computer modeling, “we propose that magma could be approaching the CDP [critical degassing pressure] at Campi Flegrei, a volcano in the metropolitan area of Naples, one of the most densely inhabited areas in the world, and where accelerating deformation and heating are currently being observed,” wrote the scientists—who are led by Giovanni Chiodini of the Italian National Institute of Geophysics in Rome.

If that supervolcano were to fully erupt, millions could die, the skies in the northern hemisphere would be darkened for months and the resulting “volcanic winter” would cause famines all around the globe.

And the same things could be said about the supervolcano that is awakening in North Korea too.

In the United States, we should be watching the volcanoes on the west coast for signs of trouble, and my regular readers know that I am particularly concerned about Mt. Rainier. There is an eruption of Mt. Rainier in “The Beginning Of The End“, and it is in there for a reason.

Someday Mt. Rainier will erupt, and the horror that this will mean for the Northwest is beyond anything that I could put into words for you right now.

We live at a time when our planet is becoming increasingly unstable, and a major natural disaster could change all of our lives in a single moment.

Just because our lives have been somewhat “normal” for an extended period of time does not mean that they will always be this way, and those that are ignoring the rumblings of our planet do so at their own peril.

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