Illinois

“It’s A Disaster Like I’ve Never Seen Before”: 2019 Could Be The Worst Year EVER For U.S. Corn Farmers

The amount of corn produced in the United States this year is going to be way below expectations.  The Department of Agriculture just slashed its harvest estimates quite dramatically in its June report, but some farmers in the Midwest believe that those reduced projections are still way too optimistic.  As I have previously detailed, millions upon millions of acres will go unplanted this year, but that is only part of the story.  Much of the corn that has actually been planted is coming up very slowly due to the exceedingly poor conditions, and corn farmers all over the Midwest are reporting that their plants look absolutely terrible.  If we get picture perfect weather between now and harvest time, this will simply be a terrible year.  But if severe heat and/or an early frost hits the Midwest, this could very easily be the worst year that we have ever seen for corn farmers in the United States.

The other day, Illinois farmer James McCune gathered a large number of his fellow corn farmers for a “Prevent Plant Party”, and the mainstream media showed up to cover it.  The following is from CNBC’s coverage of the event…

James McCune, a farmer from Mineral, Illinois, was unable to plant 85% of his intended corn acres and wanted to commiserate with his fellow farmers by hosting the “Prevent Plant Party” at The Happy Spot. He invited them to swap stories while tucking in to fried chicken and a keg of beer in Deer Grove, a village of about 50 people located 120 miles west of Chicago.

“Everybody’s so down in the dumps,” McCune said.

In addition, McCune told Fox Business that this year is “a disaster like I’ve never seen before”, and he said that some of his neighbors got even less corn planted than he did…

“It’s a disaster like I’ve never seen before,” McCune told FOX Business. “My neighbors didn’t get 90 percent of their corn planted.”

After non-stop rain plagued the region this spring – when corn farmers typically get seed in the ground – most have decided time is now too short and are choosing not to plant.

As bad as things are in Illinois right now, the truth is that some neighboring states are in even worse shape.

According to the latest Department of Agriculture report, 73 percent of the cornfields in Illinois have been planted, but in Indiana that figure is sitting at just 67 percent and in Ohio only 50 percent of the fields have been planted.

50 percent.

That is an unmitigated disaster, because the time for planting corn has now passed.

Needless to say, the farmers that were not able to plant crops have been absolutely flooding their insurance companies with claims.  Just check out this quote…

“We get pockets of claims every year,” said Luke Sandrock of the Cornerstone Agency insurance company. “We have 1-2 percent of our clients (who typically file). This year, it’s over 90 percent, and so we’ve just never dealt with it on this size of a scale before.”

But it is imperative to remember that even if farmers were able to get their fields planted, that does not mean that everything is going to be okay.

In fact, corn farmers all over the Midwest are deeply distressed by what is emerging from the ground.  In his entire farming career, James McCune has never seen anything like this…

A smartphone could fit in the space between James McCune’s index finger and thumb as the Illinois farmer describes the height of crops stunted by incessant rain and unseasonably cool weather.

“Corn’s not supposed to be this tall” in mid-June, McCune, who can trace his family’s farm roots as far back as 1857, said. “It’s supposed to be this tall,” as he gestures just below his waist.

And farmer Rob Sharkey used the word “ugly” to describe the condition of the corn on his farm…

“We planted some stuff that was not pretty,” said corn farmer Rob Sharkey. “But I didn’t have a choice. We did not get conditions that were right for planting, so we went when we could. It’s ugly.”

We’ll see what happens, but right now we are facing an unprecedented nightmare in the heartland of America.

It is exceedingly difficult to grow corn in soil that is absolutely saturated with water.  Some farmers are saying that it is literally going to take “years” to recover from this disaster, and many will never be able to go back to farming again because they have been financially ruined.

Of course there are many farmers that are doing their very best to soldier on, but it is tough.  Illinois farmer Mike Thacker was able to get 60 percent of his fields planted, but at this point he is not happy with a single field…

Mike Thacker, a farmer in Walnut, Illinois, planted about 1,600 acres of corn, or 60% of what he planned. He is reluctant to plant more because yields typically decline the later a crop is planted.

Thacker said corn that has started emerging from the ground is shorter than normal. He was not happy with even one field.

“It makes you feel terrible,” Thacker said at the party.

But like I said earlier, if the weather is ideal between now and harvest time, 2019 will just be a terrible year.

However, a major heat wave this summer would be absolutely catastrophic, and if there is an early frost it “will turn this world upside down”…

Farmers think more cuts are likely as the late-planted crop could face damage from hot summer weather and an autumn frost.

“An early frost will turn this world upside down,” Rock Katschnig, a farmer from Prophetstown, Illinois, said at the party.

So much of the corn that has been planted is way, way behind schedule, and so many Midwest farmers will push things for as long as possible when we get to harvest time.

But an early snap of cold weather could ruin those plans.

In any event, in the short-term U.S. consumers are going to be facing significantly higher prices at the grocery store.  Beyond that, we could potentially be facing the sorts of scenarios that most people don’t like to think about.

For the moment, more rain continues to hammer the middle of the country.  In fact, there was more flash flooding in the Midwest on Saturday…

The combination of two different frontal boundaries caused severe weather and flash flooding in parts of the Plains and Midwest on Saturday. There were over 130 reports of severe weather, including 17 reported tornadoes and numerous reports of straight-line winds of 70 to 80 mph across parts of Texas and Oklahoma.

Sadly, even more “heavy rain” is on the way, and some areas could see over 4 inches of precipitation early in the week…

Heavy rain is expected through Tuesday from Texas to Pennsylvania, with locally over 4 inches of rain expected and flash flooding in spots — especially parts of hard-hit Oklahoma and Arkansas.

I have been repeatedly writing about this crisis for the last couple of months, and now the mainstream media is finally starting to grasp the true gravity of this disaster.

In all of U.S. history we have never witnessed anything like this ever before.  We have seen endless rain and catastrophic flooding month after month so far in 2019, and the middle of the country is still getting pummeled at this moment.

Nobody knows exactly what the weather will look like during the critical summer months, but I have a feeling that the end result of this crisis will be far worse than any of the “experts” were anticipating.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Crop Catastrophe In The Midwest – Latest USDA Crop Progress Report Indicates That A Nightmare Scenario Is Upon Us

The last 12 months have been the wettest in all of U.S. history, and this has created absolutely horrific conditions for U.S. farmers.  Thanks to endless rain and historic flooding that has stretched on for months, many farmers have not been able to plant crops at all, and a lot of the crops that have actually been planted are deeply struggling.  What this means is that U.S. agricultural production is going to be way, way down this year.  The numbers that I am about to share with you are deeply alarming, and they should serve as a wake up call for all of us.  The food that each one of us eats every day is produced by our farmers, and right now our farmers are truly facing a nightmare scenario.

You can view the latest USDA crop progress report right here.  According to that report, corn and soybean production is way behind expectations.

Last year, 78 percent of all corn acreage had been planted by now.  This year, that number is sitting at just 49 percent.

And the percentage of corn that has emerged from the ground is at a paltry 19 percent compared to 47 percent at this time last year.

We see similar numbers when we look at soybeans.

Last year, 53 percent of all soybean acreage had been planted by now.  This year, that number has fallen to 19 percent.

And the percentage of soybeans that have emerged from the ground is just 5 percent compared to 24 percent at this time last year.

In other words, we are going to have a whole lot less corn and soybeans this year.

Farmers in the middle of the country desperately need conditions to dry out for an extended period of time, but so far that has not happened.

In fact, last week the heartland was hit by yet another string of devastating storms.  The following comes from CNN…

Ten people are dead and a 4 year-old boy remains missing after more than a week of severe weather across the central US that put tens of millions of people at risk.

The deadly spring storm system ravaged several states, unleashing more than 170 reported tornadoes, fierce winds, drenching rain, flash flooding and hail.

One of the tornadoes that was spawned absolutely devastated the capital city of Missouri.  It was reportedly a mile wide, and it stayed on the ground for almost 20 miles…

A clearer picture emerged Friday of the size and scope of the powerful tornadoes that tore across Missouri on Wednesday night, leaving a trail of destruction in their paths. The state’s capital, Jefferson City, was among the hardest-hit places, struck overnight by a tornado with a peak wind speed of 160 mph that has been given preliminary rating of EF3.

The monstrous nighttime tornado that struck Jefferson City, a city with a population of about 42,000, was almost a mile wide and was on the ground for nearly 20 miles, toppling homes, ripping roofs off homes and business below.

What we are witnessing is definitely not “normal”, and I have had a number of readers write to me about this recently.  The other day one of my readers in Montana sent me a photograph of a freak May snowstorm that had just hit his area, and another one of my readers in Missouri explained that his boss is freaking out because they haven’t been able to get soybeans in the ground.  All over the country people want answers, and they are frustrated with the lack of information that they are getting from the mainstream media.

Unfortunately, the truth is that things are going to get worse.  Global weather patterns are dramatically shifting, and there is nothing that the authorities will be able to do to stop it from happening.

And it isn’t just in the United States where we are seeing widespread crop failures.  I would encourage you to check out my previous article entitled “Floods And Drought Devastate Crops All Over The Planet – Could A Global Food Crisis Be Coming?”  In that article I discussed the fact that Australia will actually be importing lots of wheat this year, but normally it is one of the largest exporters of wheat in the entire world.  As crops fail all over the globe, there will be a scramble for food, and the wealthy western nations have more money than anyone else.

Over in Asia, the biggest problem right now is African Swine Flu.  Earlier today, I came across a CNBC article which stated that “up to 200 million Chinese pigs” may have already been lost to this nightmarish disease…

A trade fight with the U.S. isn’t the only war China is fighting. African swine flu has decimated the pig population in China and sent pork prices soaring. As many as up to 200 million Chinese pigs have reportedly been lost due to the disease.

Now, Wall Street analysts are scrambling to assess the fallout from the fast spreading illness and how to invest around it.

The entire U.S. pork industry does not even produce 200 million pigs in an entire year.

So another way of looking at this is that the equivalent of what the entire U.S. pork industry produces in an entire year has just been wiped out.

And now African Swine Flu has spread to other countries such as Vietnam and Cambodia, and so this pandemic could soon become a true global cataclysm.

We have never seen so many massive threats hit the global food supply simultaneously, and if this article deeply alarms you that is a good thing.

A perfect storm is rapidly developing, and many expect global events to start accelerating dramatically.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Total Catastrophe For U.S. Corn Production: Only 30% Of U.S. Corn Fields Have Been Planted – 5 Year Average Is 66%

2019 is turning out to be a nightmare that never ends for the agriculture industry.  Thanks to endless rain and unprecedented flooding, fields all over the middle part of the country are absolutely soaked right now, and this has prevented many farmers from getting their crops in the ground.  I knew that this was a problem, but when I heard that only 30 percent of U.S. corn fields had been planted as of Sunday, I had a really hard time believing it.  But it turns out that number is 100 percent accurate.  And at this point corn farmers are up against a wall because crop insurance final planting dates have either already passed or are coming up very quickly.  In addition, for every day after May 15th that corn is not in the ground, farmers lose approximately 2 percent of their yield.  Unfortunately, more rain is on the way, and it looks like thousands of corn farmers will not be able to plant corn at all this year.  It is no exaggeration to say that what we are facing is a true national catastrophe.

According to the Department of Agriculture, over the past five years an average of 66 percent of all corn fields were already planted by now…

U.S. farmers seeded 30% of the U.S. 2019 corn crop by Sunday, the government said, lagging the five-year average of 66%. The soybean crop was 9% planted, behind the five-year average of 29%.

Soybean farmers have more time to recover, but they are facing a unique problem of their own which we will talk about later in the article.

But first, let’s take a look at the corn planting numbers from some of our most important corn producing states.  I think that you will agree that these numbers are almost too crazy to believe…

Iowa: 48 percent planted – 5 year average 76 percent

Minnesota: 21 percent planted – 5 year average 65 percent

North Dakota: 11 percent planted – 5 year average 43 percent

South Dakota: 4 percent planted – 5 year average 54 percent

Yes, you read those numbers correctly.

Can you imagine what this is going to do to food prices?

Many farmers are extremely eager to plant crops, but the wet conditions have made it impossible.  The following comes from ABC 7 Chicago…

McNeill grows corn and soybeans on more than 500 acres in Grayslake. But much of his farmland is underwater right now, and all of it is too wet to plant. Rain is a farmer’s friend in the summer but in the spring too much rain keeps farmers from planting.

The unusually wet spring has affected farmers throughout the Midwest, but Illinois has been especially hard hit. Experts say with the soil so wet, heavy and cold, it takes the air out and washes nutrients away, making it difficult if not impossible for seeds to take root.

Right now, soil moisture levels in the state of Illinois “are in the 90th to 99th percentile statewide”.  In other words, the entire state is completely and utterly drenched.

As a result, very few Illinois farmers have been able to get corn or soybeans in the ground at this point…

According to the U.S. Department of Agriculture’s crop progress reports, about 11% of Illinois corn has been planted and about 4% of soybeans. Last year at this time, 88% of corn and 56% of soybeans were in the ground.

I would use the word “catastrophe” to describe what Illinois farmers are facing, but the truth is that what they are going through is far beyond that.

Normally, if corn farmers have a problem getting corn in the ground then they just switch to soybeans instead.  But thanks to the trade war, soybean exports have plummeted dramatically, and the price of soybeans is the lowest that it has been in a decade.

As a result there is very little profit, if any, in growing soybeans this year…

Farmers in many parts of the corn belt have suffered from a wet and cooler spring, which has prevented them from planting corn. Typically when it becomes too late to plant corn, farmers will instead plant soybeans, which can grow later into the fall before harvest is required. Yet now, planting soybeans with the overabundance already in bins and scant hope for sales to one of the biggest buyers in China, could raise the risk of a financial disaster.

And if the wet conditions persist, many soybean farms are not going to be able to plant crops at all this year.

Sadly, global weather patterns are continuing to go haywire, and much more rain is coming to the middle of the country starting on Friday…

Any hopes of getting corn and soybean planting back on track in the U.S. may be washed away starting Friday as a pair of storms threaten to deliver a “one-two punch” of soaking rain and tornadoes across the Great Plains and Midwest through next week.

As much as 3 to 5 inches (8 to 13 centimeters) of rain will soak soils from South Dakota and Minnesota south to Texas, Oklahoma and Arkansas, according to the U.S. Weather Prediction Center in College Park, Maryland.

We have never had a year quite like this before, and U.S. food production is going to be substantially below expectations.  I very much encourage everyone to get prepared for much higher food prices and a tremendous amount of uncertainty in the months ahead.

Even though I have been regularly documenting the nightmarish agricultural conditions in the middle of the country, the numbers in this article are much worse than I thought they would be at this point in 2019.

This is truly a major national crisis, and it is just getting started.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Investors Brace For Impact As The Cancer That Is Ravaging “The Real Economy” Starts To Spread

2019 sure has been a weird year so far.  On Wall Street, everything has been coming up roses for investors up to this point.  Stock prices have risen more than 10 percent year-to-date, and the horrible crashes of late last year are quickly fading from memory.  Meanwhile, the real economy is literally falling to pieces right in front of our eyes.  Debt delinquencies are at unprecedented levels, bankruptcies are soaring, retail stores are closing at a record pace, this is the worst economy for farmers since the early 1980s, exports are plummeting and a brand new real estate crisis has now begun.  Economic cancer is rapidly spreading throughout our country, and the U.S. economy is deteriorating at the fastest pace that we have seen since the last recession.  So how long will it be before Wall Street catches up with economic reality?

The retail industry is being hit particularly hard.  At the end of last week, major retailers announced 465 store closings in a single 48 hour period…

The ‘retail apocalypse’ is alive and well this week with major chains such as Gap, JCPenney, Victoria’s Secret and Foot Locker all announcing massive closures, totalling the death of more than 465 stores over the last 48 hours.

And those closings already bring the grand total for 2019 to “a whopping 4,309 store closures”…

That builds on recent store closure announcements by Gymboree, Payless ShoeSource, Charlotte Russe and Ann Taylor parent company Ascena Retail, to name a few. A whopping 4,309 store closures were announced by retailers just in the first two months of this year, Coresight Research said in a research note on Friday. That’s well ahead of the number of announcements the market research firm was tracking this same time a year ago, it said.

The term “retail apocalypse” is being thrown around so frequently these days that it has almost lost its meaning, but the worst is yet to come.

Meanwhile, layoffs are starting to come fast and furious now.  For example, I was recently made aware of major job cuts that just happened in North Carolina…

Duke Energy Corp. eliminated 1,900 positions in its latest round of job reductions, largely through voluntary buyouts but with some involuntary layoffs included.

For the first time since the last recession, I think that it is time to start visiting sites like Daily Job Cuts on a regular basis once again.  Millions of Americans lost their jobs in 2008 and 2009, and a lot of you can still remember how painful that was.

In the middle of the country, the big news is “the farm apocalypse”.  Last week, we learned that farm debt has now jumped 30 percent since 2013…

“Farm debt has been rising more rapidly over the last five years, increasing by 30% since 2013 – up from $315 billion to $409 billion, according to USDA data, and up from $385 billion in just the last year – to levels seen in the 1980s,” Perdue said in his testimony to the House Agriculture Committee.

As a result of this giant mountain of debt, a ton of small and mid-size farms are going under.  As I noted the other day, farm debt delinquencies have now reached the highest level that we have witnessed in 9 years.

I really, really don’t understand the people that are telling us that everything is going to be okay.

Everything is not okay, and things are getting worse with each passing day.  ISM’s manufacturing survey just hit the lowest level in 26 months, and for a whole bunch more extremely ominous economic numbers please see my previous article entitled “18 Really Big Numbers That Show That The U.S. Economy Is Starting To Fall Apart Very Rapidly”.

Of course it isn’t just the U.S. that is hurting.  Up north, Canada is literally teetering on the brink of recession…

The Canadian government shocked the professional financial and economic media with their latest fourth quarter GDP release showing the economy has essentially come to a grinding halt at 0.1% growth.

And over in Europe, things are arguably even worse.  Germany is supposed to have the strongest economy in the entire region, but they are also right on the brink of recession…

The country’s economy just escaped entering recession territory last month, with GDP growing at just zero percent following a 0.4 percent contraction in the previous three-month period. But Germany could be just weeks away from a recession-threatening double whammy as a potential no-deal Brexit and Donald Trump’s warning to hike car tariffs by up to 25 percent could send the economy tumbling. Chancellor Angela Merkel’s ministers have entered into a frantic plan to avert an economic catastrophe which could end Europe’s biggest economy’s golden growth for a decade.

This is a global economic slowdown, and many believe that it will be even worse than what we experienced in 2008.

But as I have previously warned, we aren’t just heading toward an economic storm.  Everything that can be shaken will be shaken, and that includes our governmental institutions.

On Sunday, we learned that the House Judiciary Committee is opening an investigation into obstruction of justice by President Trump.  The following comes from Reuters…

The House Judiciary Committee will seek documents from more than 60 people and organizations as it begins investigations into possible obstruction of justice and abuse of power by President Donald Trump, the panel’s chairman said on Sunday.

Committee Chairman Jerrold Nadler told ABC’s “This Week” the panel wanted documents from the Department of Justice, the president’s son Donald Trump Jr. and Trump Organization chief financial officer Allen Weisselberg, among others.

This is going to be a year of great governmental shaking.  And no matter which side emerges victorious from the legal struggles and from the election of 2020, the truth is that our governmental institutions will never be the same again.

From 2016 through 2018, America experienced a time of relative peace and prosperity, and a lot of people out there were convinced that this bubble of unsustainable false prosperity could continue indefinitely.

Now it is becoming very clear what is ahead of us, and a lot of people are starting to freak out.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

“An Unavoidable Global Recession”: The Warnings Get Louder As Worldwide Economic Numbers Continue To Deteriorate

Economic numbers all over the world continue to get worse, and as you will see below, even New York Times columnist Paul Krugman is now warning of “an unavoidable global recession”.  Unfortunately, most Americans still have absolutely no idea that this is happening.  Most ordinary citizens are still under the impression that everything is going to be just fine, but the numbers suggest otherwise.  The Baltic Dry Index just plummeted to the lowest level that we have seen in three years, and this is yet another indication that the global trade war is causing widespread economic pain.  And according to Bloomberg, global economic growth has now dropped to the lowest level that we have seen since the Great Recession…

The global economy’s loss of momentum has left expansion now looking like its weakest since the global financial crisis, a development that’s already sparked a dramatic shift among central banks.

A UBS model suggests world growth slowed to a 2.1 percent annualized pace at the end of 2018, which it says would be the weakest since 2008-2009.

Unfortunately, it appears that things are getting even worse during the first few months of 2019.  In North America, Europe and Asia, signs of a major downturn are seemingly everywhere…

Unfortunately, there hasn’t been much sign of that. China car sales dropped in January, and data last week showed U.S. retail sales posted their worst drop in nine years in December. In Europe, where the slowdown has been particularly marked, sentiment indicators continue to weaken, and the latest OECD leading indicator has also declined.

The numbers coming out of China are particularly striking.  Experts were stunned this week when it was announced that Chinese car sales had plunged 17.7 percent…

Car sales in China continued to decline in January after their first full-year slump in more than two decades, adding to pressure on automakers who bet heavily on the market amid waning demand for cars from the U.S. to Europe.

Passenger vehicle wholesales fell 17.7 percent year-on-year, the biggest drop since the market began to contract in the middle of last year, while retail sales had their eighth consecutive monthly decline, industry groups reported Monday.

That is an absolutely disastrous number, and it is a sign that this will be a very, very tough year for the global auto industry.

Meanwhile, German industrial production is falling at a pace that we haven’t seen since the last global recession…

“Unexpectedly,” German industrial production fell 3.9% in December 2018 compared to December 2017, after having fallen by a revised 4.0% in November, according to German statistics agency Destatis Thursday morning. These two drops were steepest year-over-year drops since 2009.

Even during the European Debt Crisis in 2011 and 2012 – it hit Germany’s industry hard as many European countries weaved in and out of a recession, with some countries sinking into a depression — German industrial production never fell as fast on a year-over-year basis as in November and December

But as bad as things are in Germany, they are even worse in Italy.

Italy’s economy has already fallen into a recession, and their debt problems continue to grow with each passing day.

Watch Italy, because it is going to be a key to the drama that is currently unfolding in Europe.

Here in the United States, we are still doing relatively better than much of the rest of the world, but our economy is slowing down too.  U.S. retail sales just suffered their “biggest drop in more than nine years”, and the stunning bankruptcy and liquidation of Payless ShoeSource has made front page news all over the nation…

Payless ShoeSource confirmed Friday that it will close its 2,100 stores in the U.S. and Puerto Rico and start liquidation sales Sunday. The company is also shuttering its e-commerce operations.

The closings mark the biggest by a single chain this year and nearly doubles the number of retail stores set to close in 2019.

So what does all of this mean?

What all of this means is that this is the beginning of the end for the global economic bubble.  It is time to start getting serious about the economy again, and it is time to get prepared for the tough years that are ahead.

At this point, even the most clueless pundits in the mainstream media can see what is coming.  For example, New York Times columnist Paul Krugman is now warning that we are heading for “an unavoidable global recession” either at the end of this year or the beginning of next year…

Professor Paul Krugman has warned a series of isolated downward economic trends around the world will spiral into an unavoidable global recession towards the end of 2019 or the beginning of next year. Mr Krugman said there is not “one big thing” prompting the stark forecast but instead blamed a number of incidents happening at the same time. He said a slump in the eurozone combined with the long-running US-China trade war, President Trump’s tax policy and world leaders’ lack of preparedness are increasing the risks of a worldwide economic slowdown.

If even Paul Krugman can see what is happening, then you know that time is short.

Prior to the Great Recession of 2008 and 2009, most people never would have imagined that we were about to enter a terrible global economic downturn.  Here in the U.S., it seemed like the economy was buzzing along quite nicely, and the vast majority of us had absolutely no idea what was really going on behind the scenes.

Similarly, right now most of us are conducting our lives as if nothing is going to change.  To most people, the system seems to be functioning normally and there appears to be no cause for alarm.

Unfortunately, things are not that simple.

Rubber bands can keep stretching for quite a while, but if you put too much pressure on them they will eventually snap.  At this point there is an enormous amount of pressure on our global economic bubble, and someday it will “snap” too.

It is just a matter of time.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Trade War Causing Severe Pain As Farm Bankruptcies Surge Way Past The Level From The Last Recession

Farmers all across the middle part of the country are going bankrupt at an astounding rate, and over half of all farms in America are now losing money.  The trade war with China has been the most devastating crisis to hit the U.S. farming community in decades, and at this point there is no end in sight.  Farm after farm is being financially wiped out, and we haven’t seen this kind of economic pain for farmers since the Great Depression of the 1930s.  In fact, it is being reported that bankruptcies in the key farming regions of the country are way above the level that we witnessed during the last recession.  The following comes from Zero Hedge…

Bankruptcies in three regions covering major farm states last year rose to the highest level in at least 10 years. The Seventh Circuit Court of Appeals, which includes Illinois, Indiana and Wisconsin, had double the bankruptcies in 2018 compared with 2008. In the Eighth Circuit, which includes states from North Dakota to Arkansas, bankruptcies swelled 96%. The 10th Circuit, which covers Kansas and other states, last year had 59% more bankruptcies than a decade earlier.

There has been a lot of debate about whether or not the U.S. economy as a whole is heading into a recession in the near future, but the farming industry is already very, very deep into a major downturn, and this downturn has been caused by the trade war…

Trade disputes under the Trump administration with major buyers of U.S. farm goods, such as China and Mexico, have further roiled agricultural markets and pressured farmers’ incomes. Prices for soybeans and hogs plummeted after those countries retaliated against U.S. steel and aluminum tariffs by imposing duties on U.S. products like oilseeds and pork, slashing shipments to big buyers.

Low milk prices are driving dairy farmers out of business in a market that’s also struggling with retaliatory tariffs on U.S. cheese from Mexico and China. Tariffs on U.S. pork have helped contribute to a record buildup in U.S. meat supplies, leading to lower prices for beef and chicken.

In addition, it is also being reported that more than half of all U.S. farms are now losing money even though they continue to operate.  Needless to say, this is not sustainable, and many more farms will go out of business if this current crisis persists.

This could be the final nail in the coffin for America’s family farms.  After this crisis is over, if it ever actually ends, we may be left with only giant corporate farms and farms owned by foreign interests.

As I noted in my article yesterday, over 27 million acres of U.S. farmland is now owned by foreigners.  This should have never been allowed to happen, because it is a major national security risk.

If a trade agreement with China is reached soon, that would greatly ease the suffering of America’s farmers.  But as long as the U.S. and Canada continue to hold Huawei CFO Meng Wanzhou, that is not going to happen.  Instead, the Chinese are going to attempt to buy time by trying to get the U.S. to agree to suspend the implementation of additional tariffs as “negotiations” continue.

And on Friday, we got word that a new trade war between the United States and Europe may be about to begin…

With little apparent progress in U.S.-China trade talks, the Trump administration could be about to open up a new front in the trade wars by taking on the European auto industry — and that could spook markets.

Global financial markets have bounced back a bit in recent weeks, but more trade chaos could easily send them tumbling once again…

Some strategists fear investors are keenly focused on China, and expect a resolution, but could be surprised by ramped-up trade friction with Europe.

“The market would tank,” said Peter Boocvkar, chief investment officer at Bleakley Advisory Group. “The market has spoken loud and clear that it’s had enough of these tariffs… The market is fed up with this. Global growth is slowing dramatically because of trade. You want to put another bullet in it’s head?“

Meanwhile, we continue to get more indications that the global economy is slowing down substantially.

For example, we just learned that German industrial production plummeted dramatically for the second month in a row in December…

“Unexpectedly,” German industrial production fell 3.9% in December 2018 compared to December 2017, after having fallen by a revised 4.0% in November, according to German statistics agency Destatis Thursday morning. These two drops were steepest year-over-year drops since 2009.

Even during the European Debt Crisis in 2011 and 2012 – it hit Germany’s industry hard as many European countries weaved in and out of a recession, with some countries sinking into a depression — German industrial production never fell as fast on a year-over-year basis as in November and December

And here in the United States, General Motors has begun giving out pink slips to thousands of workers…

General Motors on Monday said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November that will ultimately shrink its white-collar workforce in North America by 15 percent out of 54,000.

Two people briefed on the cuts said GM is cutting hundreds of jobs at its information technology centers in Texas, Georgia, Arizona and Michigan and more than 1,000 jobs at its Warren, Michigan Tech Center. GM is filing new required mass layoff notices with state agencies and disclosed the cuts to lawmakers.

Needless to say, General Motors would not be doing this if the U.S. economy really was “booming”.

A global economic downturn has arrived, and it looks like it is only going to escalate as we move deeper into 2019.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters.  His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News.  From there, his articles are republished on dozens of other prominent websites all over the nation.  If you would like to republish his articles, please feel free to do so.  The more people that see this information the better, and we need to wake more people up while there is still time.

10 Very Strange Facts About The August 21 Solar Eclipse That Will Absolutely Blow Your Mind

In just a matter of days we are going to witness the most unusual solar eclipse in U.S. history. Could it be possible that all of the very strange “coincidences” surrounding this event have some sort of special significance?  The mainstream media has been buzzing about this upcoming solar eclipse for months, and it will easily be the most watched eclipse in all of U.S. history.  Last week, I published an article entitled “12 Critical Events That Are Going To Happen Over A 40 Day Period From August 21st To September 30th” that received an extraordinary amount of attention, and of course the first event on that list was “the Great American Eclipse” on the 21st.  As you will see below, so many numbers seem to indicate that this eclipse could have some sort of special significance, and it begins a period of exactly 40 days that many believe could be a turning point for America.

In the Scriptures, we are specifically told that one of the reasons why God created the sun and the moon was so that they could serve as “signs”.  The following is what Genesis 1:14 tells us…

“And God said, Let there be lights in the firmament of the heaven to divide the day from the night; and let them be for signs, and for seasons, and for days, and years“

And in Luke 21:25, the Lord Jesus specifically warned us to watch for signs “in the sun, and in the moon, and in the stars” just prior to His return.

So we should be watching, and we should fully expect to see something happen up there before Christ comes back.

With that in mind, I would like to share some amazing facts about the solar eclipse on August 21st with you.  These were originally compiled by The Countdown Report, and when I first read them they definitely got my attention…

-First contact is in the state of Oregon, the 33rd state in the USA. The last contact is in South Carolina on the 33rd parallel. This eclipse happens on day 233 of the year. If the Revelation 12 sign is valid, then the eclipse is also 33 days before September 23, 2017. Jesus is thought to have been 33 when He died.

-Just for fun: It is 99 years (3 x 33) since the last eclipse to go coast-to-coast in the US, in 1918. From September 23, 2017 (Revelation 12 sign) to the end of the year, December 31, 2017 is 99 days (or 3 x 33). The number of days from the 1918 eclipse to the August 21 eclipse are 26,234 days. (2+6+2+3+4 = 17; 2017?). From August 12, 2017, the date of the Charlottesville Virginia “State of Emergency” declared to the August 21, 2017 Great Solar Eclipse is 9 days (3+3+3) and the dates are also mirrored – 12 and 21.

-First big city the eclipse hits in Oregon is Salem – Salem was named after Jerusalem. The eclipse also begins in Oregon exactly at sunset time in Jerusalem. So technically speaking, as the sun sets in America it will be setting in Jerusalem at the same time.

-The center line crosses through 12 primary states to receive total darkness. 12 disciples, 12 months in a year, the meaning of 12, which is considered a perfect number, is that it symbolizes God’s power and authority, as well as serving as a perfect governmental foundation.

-The eclipse path is exactly 70 miles wide. 70 has a sacred meaning in the Bible that has two perfect numbers, 7 that represents perfection and 10 that represents completeness and God’s law. 70 also symbolizes perfect spiritual order and a period of judgment. 70 is also specially connected with Jerusalem with so many references it would take a book to write.

-Another eclipse comes in 2024, 7 years after the August 21, 2017 and marks an X over the United States. The combined time of totality of these eclipses together will be 7 minutes. The day of the eclipse is August 21, 2017 – (7 + 7 + 7 = 21). The exact point where the two eclipses cross is right next to Cedar Lake in Illinois… specifically right next to SALEM Road. (Salem again!)

-The original form of the Hebrew letter Tav is like the English letter X or T – which is in the shape of a cross, or X– like the X that is made by the two solar eclipses on the cross paths over 7 years. The letter Tav means “a sign”.

-The path of the eclipse will be situated in such a way that every single state of the US will experience it, even Hawaii and Alaska.

-The totality will reach Oregon at 10:16 AM Pacific, and will end in South Carolina at 2:49 PM Eastern. That means it will take 1 hour and 33 minutes to cross the country. There is that 33 again.

-The eclipse is also exactly 40 days from Yom Kippur. Yom Kippur means “Day of Atonement” and is a time of repentance. While the eclipse day itself may come and go with everything remaining “normal” afterwards, we need to be focused on what could be coming soon after.

You can read the entire list of 33 facts that were compiled by The Countdown Report right here.  I just pulled out the ten that I considered to be the most remarkable.

According to Rachel Baxter, “40 is the number for waiting, preparation, testing or punishment. It is also the number to start a new chapter of the history of salvation”, and we see the number 40 pop up time after time in the Bible.

For instance, in Jonah 3:4 the prophet Jonah gave Ninevah a period of 40 days to repent before judgment would begin…

And Jonah began to enter into the city a day’s journey, and he cried, and said, Yet forty days, and Nineveh shall be overthrown.

Could this coming 40 day time period have some sort of special significance for us?

Like I said in my previous article, I don’t know if all of this means anything.

But Jesus did specifically instruct us to watch for signs in the sun and the moon, and the solar eclipse on August 21st involves both the sun and the moon.

On August 21st, I am going to be able to travel into the path of this eclipse.  Hopefully it will be a very clear day and I will be able to get some very clear pictures for my readers.

I don’t expect anything world shattering to take place on that particular day, but like millions of other Americans, I will definitely be looking up into the sky to see what happens…

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

12 Critical Events That Are Going To Happen Over A 40 Day Period From August 21st To September 30th

We are about to witness an extremely unusual convergence of events that many believe could represent a major turning point for our nation.  By now you have probably heard that on August 21st a total solar eclipse will move across the entire continental United States for the first time in decades.  In fact, we have not seen a total solar eclipse cross from the west coast to the east coast in 99 years.  And it will be the very first total solar eclipse that is only visible in this country since the United States first became a nation.  Starting with that event, there is going to be a whole lot going on until we reach the end of September.  The following are 12 critical events that are going to happen over a 40 day period from August 21st to September 30th…

August 21 – The “Great American Eclipse” will sweep across portions of Oregon, Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee, Georgia, North Carolina and South Carolina.  Seven years later, another very unusual total solar eclipse will move across our nation, and when you plot the paths of both eclipses on a map, they form a giant “X” right over the center of the United States.

August 23 – A FEMA exercise known as “EarthEX2017” will simulate “catastrophes such as mega earthquakes, cyber terrorism or high altitude electromagnetic pulse attacks”…

An exercise sponsored by FEMA and the U.S. Department of Energy set to take place on August 23 called EarthEX2017 will wargame responses to catastrophes such as mega earthquakes, cyber terrorism or high altitude electromagnetic pulse attacks.

The exercise will simulate a “subcontinent-scale, long duration power outage, with cascading failures of all other infrastructures,” according to the official Earth Ex website.

“Black sky events” are defined as, “Catastrophic occurrences caused by man or nature that bring society to its knees.”

September 1 – This marks the start of FEMA’s annual “National Preparedness Month“.

September 1 – The U.S. State Department’s ban on U.S. citizens traveling into North Korea goes into effect.  Many are concerned that this is yet another sign that we are moving toward war with North Korea.

September 11 – This will be the 16th anniversary of 9/11.

September 20 – Rosh Hashanah begins at sunset.

September 21 – The UN International Day Of Peace

September 23 – This is the date of what has become known as “the Revelation 12 sign”.  If you are not familiar with this alignment yet, the following is a very brief summary…

On September 23rd a unique astronomical alignment of the Sun, Moon, constellation Virgo, constellation Leo, and planets Jupiter, Mars, Mercury, and Venus is going to fulfill this passage from the book of Revelation:

And a great sign appeared in heaven: a woman clothed with the sun, with the moon under her feet, and on her head a crown of twelve stars.  She was pregnant and was crying out in birth pains and the agony of giving birth.

September 24 – Very important national elections will be held in Germany.

September 29 – Yom Kippur begins at sunset, and it concludes on September 30th.  Of course September 30th will be the end of a 40 day period that began back on the day of the Great American Eclipse on August 21st.

September 29 – U.S. Treasury Secretary Steven Mnuchin says that the debt ceiling will be breached on this day if Congress does not raise it by then.

September 30 – If Congress does not pass a budget by the end of this day, there will be a government shutdown just like we witnessed in 2013.

On top of everything else, the month of September is when the Federal Reserve is scheduled to begin unwinding  their 4.5 trillion dollar balance sheet…

The other big market force that could ruffle markets is clearly the Fed, which is expected to begin the untested task of unwinding its $4.5 trillion balance sheet in September.

In addition, it is very interesting to note that a large asteroid will come within 4,200 miles of our planet on October 12th…

The asteroid has not been seen since its 2012 discovery, when it sped past Earth at about one-fourth the distance from Earth to the moon. It’s been too distant and too faint to be detected over the last five years. As it starts to approach Earth this summer, large telescopes will be used to detect it and re-establish the asteroid’s precise trajectory.

The asteroid, known as 2012 TC4, could come as close as 4,200 miles to Earth, NASA said. That’s actually fairly close, when you consider that the moon is about 239,000 miles away.

So what does all of this mean?

I don’t know, but I am sure that I will receive even more criticism for putting this list together.  Those of us that monitor global events and warn about where things are headed are often highly criticized.  But in this day and age, we desperately need independent thinkers that are willing to challenge the system.  Way too often people just go with the herd and will believe whatever the mainstream media tells them to think.

Never let someone else do your thinking for you.  Investigate things for yourself and come to your own conclusions.  Learning to think critically is one of the most important skills that you can have, and you will find that it is one of the most common traits among those that are truly “awake” to what is going on in the world.

The truth is out there, and if you diligently seek it you will eventually find it.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

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