The United States Has Become A Banana Republic

If we continue destroying the U.S. dollar at our current pace, toilet paper will eventually be more valuable than U.S. dollars.  I know that sounds absolutely crazy, but it is true.  Once the COVID pandemic hit the United States, those that control the levers of power in this country decided to go “full Weimar” and they never looked back.  As a result, the size of our money supply is rising at a rate that would have been unimaginable just a few short years ago.  To illustrate what I am talking about, I would like for you to check out this chart that was posted on Twitter by James Turk.  As you can see, M1 was up by more than 50 percent in 2020.

We’ve never had a year like that in all of U.S. history.  What we are doing is literally insane, but most Americans aren’t even aware of what is happening because the mainstream media isn’t talking about it.

If you are not familiar with “M1”, here is a definition that comes from Investopedia

M1 is the money supply that is composed of physical currency and coin, demand deposits, travelers’ checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts. M1 includes the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash. However, “near money” and “near, near money,” which fall under M2 and M3, cannot be converted to currency as quickly.

When new money enters the system, every dollar that you are currently holding becomes less valuable.

And if your paycheck does not rise at the same rate that the money supply is rising, that means that your paycheck becomes less valuable as well.

It is helpful to think of our money system as a pie.  When more dollars are added to the pie, your share of the pie steadily becomes smaller.

So who does benefit when the pie is expanded?

The ultra-wealthy do, and I will discuss that more below.

But first, I wanted to share another chart with you.  The first chart from James Turk showed how M1 has been rising on a percentage basis, and this next chart which comes directly from the Federal Reserve shows how M1 has been rising on an absolute basis…

Just look at that for a moment.

It truly is breathtaking.  M1 has literally been rising at almost a vertical rate, and it makes all of the inflation that has come before look almost meaningless.

This is why the stock market keeps hitting record high after record high.  Stocks started to crash when COVID first started to spread in the United States, and the Federal Reserve decided to do whatever was necessary to rescue the markets.  The “unprecedented” response that we witnessed ended up being “a key driver of billionaire wealth” in 2020…

A key driver of billionaire wealth concentration was the unprecedented monetary policy response to stabilize financial markets in the early days of the pandemic, which spurred the stock market’s gravity-defying rise. When Wall Street was on the verge of panic in March, the Federal Reserve intervened with the promise of low rates and an open-ended liquidity spigot.

In addition, Congress just kept passing “stimulus package” after “stimulus package” in a desperate attempt to “rescue” the economy.

But in the process they borrowed and spent trillions of dollars that we did not have, and that also helped to fuel our transition into hyperinflation.

The good news is that hyperinflation is not showing up at the grocery store or at Walmart yet.  Eventually it will happen, but so far consumer prices are just rising at a pace that is quite a bit brisker than usual.  Where we are seeing hyperinflation is in stock prices, high end real estate in rural and suburban areas, and in other areas of the economy that the ultra-wealthy have been pouring their money into.

Despite the fact that we just endured one of the worst economic years in U.S. history, 2020 was actually a banner year for billionaires

Between roughly mid-March and Dec. 22, the United States gained 56 new billionaires, according to the Institute for Policy Studies, bringing the total to 659. The wealth held by that small cadre of Americans has jumped by more than $1 trillion in the months since the pandemic began.

According to a December report issued jointly by Americans for Tax Fairness and the Institute for Policy Studies using data compiled by Forbes, America’s billionaires hold roughly $4 trillion in wealth — a figure roughly double what the 165 million poorest Americans are collectively worth. The 10 richest billionaires have a combined net worth of more than $1 trillion.

Last year the rich got a whole lot richer, and the poor got a whole lot poorer.

As I discussed the other day, 2020 was a “personal financial disaster” for 55 percent of all Americans.  The year ended with close to 20 million Americans still receiving government unemployment benefits, and poverty and homelessness have been exploding all around us.

In some cases, people were waiting in lines that were up to 12 hours long just to get a couple of bags of groceries at food banks around the nation.  We haven’t seen anything like this since the Great Depression of the 1930s, and many are expecting things to get even worse in 2021.

And with each passing day, more businesses are closing and more Americans are being laid off.

The retail sector has been hit particularly hard.  The following comes from Axios

Malls are going belly up. Familiar names like J.C. Penney, Neiman Marcus and J. Crew have filed for bankruptcy. Increasingly, Americans’ shopping choices will boil down to a handful of internet Everything Stores and survival-of-the-fittest national chains.

And what we have experienced so far is just the tip of the iceberg.  One recent report projected that “100,000 brick-and-mortar U.S. retail stores will close by 2025”

A research report from UBS predicts that 100,000 brick-and-mortar U.S. retail stores will close by 2025, in a trend that started before the pandemic and has accelerated amid coronavirus-related shutdowns.

Our national landscape is already littered with abandoned stores and restaurants, and they are telling us that it is only going to get worse.

What is our country going to look like as this process plays out?

Of course our authorities will just respond to every new crisis by printing even more money.

That is what they did down in Venezuela, and now just about everyone in Venezuela is a millionaire.

But most of those “millionaires” are living in crushing poverty because the money is absolutely worthless.

Sadly, many other countries are doing the same thing that the U.S. is doing, and so this hyperinflationary spiral is not likely to end any time soon.

But let there be no doubt that we are also in a global economic depression.  Global GDP is about 8 percent lower than it was before the pandemic started, and the outlook for 2021 does not look promising at all.

If you think that there is a way for this economic story to end well, just go back and look at the M1 chart from the Federal Reserve one more time.

Every other time this has been tried in human history, the story has ended badly.

Our story is going to end badly too, and every American needs to get prepared to survive in a very painful hyperinflationary environment.

***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.

A Nation Divided Shall Surely Fall

It is often said that a house divided will surely fall, and the same thing can now be said for the United States as a whole.  If there is anything that this election has made clear, it is the fact that there is little hope of healing the very deep divisions that exist in our country.  Most of those on the political left absolutely hate those on the political right, and most of those on the political right absolutely hate those on the political left.  But it isn’t as if the two opposing sides are even united.  The radical left is absolutely disgusted with “moderate Democrats” such as Joe Biden and is very much looking forward to the day when their “progressive revolution” finally triumphs in America.  Meanwhile, the right is hopelessly divided into countless political, religious and economic factions, and there is endless conflict between “conservatives” that are pro-Trump and those that are anti-Trump.  Over the past 30 years, not much has actually gotten done in D.C., but what little has been accomplished has almost always involved more spending, more debt and more socialism.

One of the reasons why the United States became such a great nation is because originally we were united by a core set of values and principles.  In the beginning, everything was about faith, family and freedom.  Our notions of right and wrong were defined by the Christian faith, the family was the most important institution in our society, and early Americans were desperate for freedom after experiencing deep oppression over in Europe.

But now we have completely abandoned all of that.  The Christian faith has been relentlessly pushed to the fringes of public life, the traditional family unit is mocked while rampant sexual immorality is celebrated all over America, and with each passing day our freedoms are being eroded even more.

At this point, our Constitution has essentially been relegated to being “just a piece of paper” that sits in the National Archives.  It has been trampled on over and over again in recent years, and the courts do not seem to care.

In fact, much of the time it is the courts that are doing the trampling.

We have now gotten to a point where our nation is almost ungovernable.  When Barack Obama first entered the White House, millions upon millions of Americans did not consider him to be a legitimate president.  Then when Donald Trump won the election in 2016, even more Americans did not recognize the legitimacy of his presidency.  Of course that trend is only going to intensify now that Biden is being installed as president.  According to one brand new survey, a whopping 82 percent of all Trump supporters do not believe that Biden is the “legitimate winner of the 2020 election”…

A strong majority of Donald Trump supporters reject the legitimacy of Joe Biden as President-elect, with many citing election irregularities and the most pervasive censorship campaign in American history in support of Biden on the part of Big Tech companies.

A poll released Sunday by CBS News reveals that 82% of self-identifying Trump supporters do not recognize Biden as the “legitimate winner of the 2020 election.”

Of course if the election results were reversed and Donald Trump was given another four years, a similar percentage of Democrats would almost certainly not be willing to recognize the legitimacy of Trump’s victory.

No matter who is in the White House from now on, tens of millions of Americans are not going to accept that individual as being legitimate.

And thanks to the events of the past several weeks, the election fraud that has been going on for decades in this country has now been exposed for everyone to see.  From this point forward, a very high percentage of Americans will not have any faith that our elections are fair.

If people don’t believe in the system, it is just a matter of time before it completely fails.

John Adams once made the following statement

Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.

Today, the American people are neither moral nor religious.  Instead, we have evolved into an “idiocracy” that is dominated by power-hungry control freaks.

If you go back and read the extremely eloquent things that our founders had to say in their time, you will quickly realize that the way that we speak and write today is completely different.  If they could have traveled to our time and interacted with us, we would have seemed like cavemen to them.  Most of us can barely hold conversations with others, and when we do it is mostly just a bunch of unintelligible gibberish.

But even though we have been dramatically “dumbed down” over the decades, if we could at least try to get along with one another we could still have a functional society.

Sadly, I have never seen more hatred in our country than I am seeing now, and it just keeps on growing.

You would think that Democrats would have an interest in at least trying to pull the country together, but instead they just keep rubbing their “victory” in the faces of their enemies.  For example, just consider something that Debra Messing just said

The “Will & Grace” star — one of Hollywood’s most vocal Trump critics — expressed a desire for the president to “live a long life in prison” in a tweet to her more than 677,000 followers last week.

She called Trump “a weak, scared, stupid, inept, negligent, vindictive, narcissistic, criminal” before writing she hoped he became “the most popular boyfriend to the all inmates.”

Can you feel the love in those words?

Yes, let the healing begin.

More blood was spilled on the streets of D.C. over the weekend, and the left and the right will continue to go after one another in the weeks and months ahead.  We have now entered a period of semi-permanent civil unrest in this country, and what we have experienced so far is just the beginning.

If we would return to the values and principles that our nation was founded upon, our future could be very different.

But that is not what the American people seem to want.

So we will continue to steamroll toward oblivion, and there is no future for our nation if we stay on the road that we are currently on.

***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.

20 things that you must believe in order to convince yourself that everything is going to turn out okay somehow

Despite everything that we have already been through in 2020, the dominant narrative in our society right now is that everything is going to be just fine once we get past our temporary problems.  So many people that I hear from can’t understand why I am so “negative” about the future, because they are completely convinced that really great days are just around the corner.  As odd as this may sound, we are seeing this sort of wild optimism among both Democrats and Republicans, Christians and atheists, capitalists and communists.  Of course about half the country will have their optimistic hopes for the future brutally crushed by the results of the upcoming election, but we aren’t there yet.  For now, both sides are absolutely convinced that they are going to win, and both sides are envisioning a wonderful new era for our nation in which their values reign triumphant.

If only things were that easy.

The truth is that many of our largest problems have been steadily growing for decades, and they aren’t going to magically disappear just because a particular candidate wins an election.  Our debt levels are absolutely exploding, our economy has plunged into a depression, there is widespread civil unrest in our streets, our nation is more divided than it has ever been in my entire lifetime, and our society is literally coming apart at the seams as just about every form of evil that you can possibly imagine is growing rapidly all around us.

But there are a whole lot of people out there that want to stick their heads in the sand and pretend that everything is going to be just fine.

If you would like to be just like them, the following are 20 things that you must believe in order to convince yourself that everything is going to turn out okay somehow…

#1 “Being 27 trillion dollars in debt is not a problem.  We can go into as much debt as we want, and future generations of Americans won’t mind at all that we are dumping all of our bills on them.”

#2 “The fact that the Federal Reserve creates trillions of dollars out of thin air whenever a major crisis erupts doesn’t really matter.  We can debase the reserve currency of the world as much as we want and the rest of the globe will continue to use it and the inflation rate in this country will never get out of control.”

#3 “Antifa is just an idea, and all of the rioting, looting and violence will somehow magically come to an end after the upcoming election.”

#4 “When I see people smashing windows, setting buildings on fire and shooting at police officers, I just remember to remind myself that those are really just peaceful protesters.”

#5 “It is perfectly okay that a former intern for Joe Biden will moderate the next presidential debate.  He has promised that he will be perfectly neutral, and I believe him.”

#6 “Kamala Harris will never become president if Joe Biden wins the election, because Joe Biden is so strong and vigorous that he could easily make it through two terms.”

#7 “The Democrats would never pack the Supreme Court, because Joe Biden and Kamala Harris are way too decent to ever allow that to happen.”

#8 “Once the election is over, the big social media companies will give us our freedom of speech back because that is the right thing to do.”

#9 “It makes perfect sense that the stock market has soared to record highs while the real economy has plunged into a horrifying depression.  This isn’t a bubble, and stock prices will just keep going up indefinitely.”

#10 “It is perfectly okay that 40 percent of U.S. children are being born outside of marriage.  America can certainly prosper without strong marriages and strong families because so many other great civilizations have shown that it can be done.”

#11 “Even though study after study has shown that antibodies fade very rapidly and that any immunity is very short-lived, a vaccine will save us from this pandemic.”

#12 “Once this virus has been eradicated, they won’t make us wear masks anymore, and they certainly wouldn’t try to force people to take vaccines if they don’t want them.”

#13 “Now that everyone has seen how much chaos this pandemic has caused, evil people would never purposely release more deadly viruses because they wouldn’t want to kick us while we are down.”

#14 “There is no need to worry that our relationships with Russia and China have gone down the tubes, because our military is so strong that nobody would ever dare getting into a military conflict with us.”

#15 “Even though the head of the UN World Food Program is warning that there will be famines of ‘biblical proportions’, I am sure that any food shortages are just temporary and everyone in the world will have plenty of food to eat in 2021 and beyond.”

#16 “More than 60 million Americans have filed new claims for unemployment benefits this year, but most of those jobs will quickly come back, and we are on the verge of the greatest era of economic prosperity in U.S. history.”

#17 “The rapid rise in crime rates in cities all over the nation is just temporary.  I am sure that things will go back to normal in 2021.”

#18 “We can ignore the hundreds of earthquakes that are shaking the west coast, because ‘the Big One’ probably won’t happen for thousands of years.”

#19 “The fact that tens of millions of Americans will be mailing in their ballots won’t cause any issues at all.  All of the ballots will be counted quickly, efficiently and accurately, and the American people will remain perfectly calm while we wait for days or even weeks to find out the winner of the presidential election.”

#20 “Even though more than 60 million children have already been aborted, and even though every form of evil that you can possibly imagine is exploding all around us, there will never be any serious consequences for our actions and the greatest days for America are still ahead of us even though we completely refuse to change our ways.”

***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 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 Economic Collapse