Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise

It’s happening again.  Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though all of the evidence suggests otherwise.  Just before the recession of 2008, Federal Reserve Chair Ben Bernanke told the country that “the Federal Reserve is not currently forecasting a recession”, and shortly thereafter we plunged into the worst economic downturn since the Great Depression of the 1930s.  This time, it is Federal Reserve Chair Jerome Powell that is attempting to prop things up by making positive statements that are not backed up by reality.  Speaking to a group at the University of Zurich, Powell insisted that the Fed is “not at all” anticipating that there will be a recession… (Read More...)

Temperatures In The Pacific Ocean Have Shot Up To Dangerous Levels, And Scientists Are Blaming A “Strange Anomaly”

It is being called “the Pacific marine heatwave of 2019”, and officials are warning that it could have very frightening implications if it does not dissipate soon.  Right now, there is a vast expanse of water stretching from northern Alaska all the way to southern California where the water temperatures have rapidly risen to very dangerous levels.  In fact, in some spots the water temperature is already “as much as 6 degrees Fahrenheit above normal”, and there is a tremendous amount of concern about what will happen if the water continues to become even warmer.  At this point things are already so bad that we are being warned that this strange anomaly could “ravage marine life and decimate commercial fishing” all along the west coast.  The following comes from NPR… (Read More...)

Uh Oh: U.S. Layoffs Rise 38 Percent – Highest Level For August Since 2009

We continue to get more numbers that indicate that U.S. economic activity is really starting to slow down.  According to Challenger, Gray & Christmas, the number of layoffs in the United States was 38 percent higher in August than it was in July.  A 38 percent increase in one month is more than just a little bit startling, and many believe that if this momentum continues we could soon be facing an avalanche of job losses similar to what we witnessed in 2008.  And without a doubt, all of the other economic numbers that have been rolling in lately also confirm that the U.S. economy is heading into harder times.  But is our country ready to handle another major economic downturn? (Read More...)

Hurricane Dorian Has Regained Strength And Is Reportedly “On A Collision Course With The Carolinas”

Are the Carolinas about to take a direct hit from Hurricane Dorian?  As you will see below, that is what some mainstream media reports appear to indicate, but the truth is much more nuanced than that.  Yes, Dorian is definitely heading toward the Carolinas, and without a doubt there is a possibility that it could make landfall along the coast, but there is no guarantee that this will happen.  Meteorologists are telling us that Dorian will eventually be pushed out of danger to the north and east, but that may not happen in time to spare many coastal communities in both North and South Carolina.  And let there be no mistake – this remains an exceedingly dangerous storm.  In fact, in recent hours the storm has regained strength and has become even larger… (Read More...)

As China Settles In For A Long Trade War, Economic Pressure On Trump Continues To Grow

The trade war between the United States and China is increasingly weighing on the global economy, but unfortunately it does not appear that it will end any time soon.  Many pundits in the U.S. originally believed that the trade war would be short because the economic pain would be too much for the Chinese to handle.  But the truth is that the Chinese are not nearly as motivated by short-term concerns as we are.  They have always been long-term planners, and they are not afraid to set goals that may take multiple generations to achieve.  So they are not going to allow an angry American president that may be voted out of office by the end of next year to greatly alter their long-term economic strategies. (Read More...)

28 Signs Of Economic Doom As The Pivotal Month Of September Begins

Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now.  Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”.  After several years of relative economic stability, things appear to be changing dramatically for the U.S. economy and the global economy as a whole.  Over and over again, we are seeing things happen that we have not witnessed since the last recession, and many analysts expect our troubles to accelerate as we head into the final months of 2019. (Read More...)

Study Discovers That If The Debt Machine Was Turned Off, The U.S. Would Immediately Plunge Into A Horrifying Depression

A new study has discovered that we are far more dependent on America’s great debt creation machine than most of us would have ever dared to imagine.  Today, debt is involved in most of our major transactions.  In order to purchase a home, most of us go into debt.  The same thing is true when most of us buy a vehicle.  Total credit card debt is well over a trillion dollars, and total student loan debt is now over a trillion and a half dollars.  Corporate debt has more than doubled since the last financial crisis, state and local governments are absolutely drowning in debt and unfunded pension liabilities, and the federal government is more than 22 trillion dollars in debt.  The Federal Reserve and the “too big to fail” banks are at the core of this insidious debt-based system, and it has been systematically destroying the bright future that our children and our grandchildren were supposed to have.  But if we suddenly turned off America’s great debt creation machine at this point, our entire economic system would totally collapse because we have become so dependent on it.  In fact, a study that was just conducted by Bloomberg discovered that “gross domestic product per capita would plunge into negative territory” if the ability to borrow was suddenly removed… (Read More...)

“Monster” Hurricane Dorian Is Projected To Be “A Very Big Hurricane, Perhaps One Of The Biggest”

Well, that certainly escalated quickly.  On Wednesday we were told that Hurricane Dorian would only be a Category 3 storm when it hits the Florida coastline, but now we are being told that it will be a Category 4 storm.  Hurricane Dorian is rapidly gaining strength over very warm waters in the Atlantic Ocean, and the latest forecast has it making landfall somewhere along the east coast of Florida on Monday.  If it is officially a Category 4 storm when it arrives, it will be the most powerful storm to hit the east coast of Florida since Hurricane Andrew in 1992.  Dorian is being described as a “monster hurricane”, and Florida Governor Ron DeSantis has already declared a state of emergency for all 67 counties in the state of Florida. (Read More...)

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