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Can you guess who the quote in the article title is from? I will give you a hint. It wasn’t me. I know that it sounds like it could have come from me, but it actually comes from a very big name on Wall Street. Ellen Zentner is Morgan Stanley’s chief U.S. economist, and she is the one that said it. During an interview with CNBC she warned that “the tightening impacts from monetary policy” will have enormous consequences for the U.S. economy in the months ahead…

“We will have a hard landing at some point. I guarantee you that. We’re all wondering: When does that come?” she said. “The point that Dimon makes is that there are these cumulative impacts that build over time, and we are in the camp that we haven’t yet seen all of the tightening impacts from monetary policy,” she added, referring to the impact of Fed rate hikes.

She makes a really great point.

The consequences of interest rate hikes are felt over time.

Higher interest rates have certainly started to cause a lot of problems, but if rates are not brought down soon the level of pain that we are experiencing will begin to go up dramatically.

Unfortunately, the Fed is not likely to reduce interest rates any time soon because inflation continues to run hotter than expected…

Inflation increased by the largest amount in almost a year, according to the Fed’s preferred measure – confirming expectations interest rates will not be cut until around June.

The so-called core personal consumption expenditures (PCE) index – which excludes volatile food and energy prices – increased 0.4 percent between December and January.

Marko Kolanovic, the chief market strategist for JPMorgan Chase, believes that the U.S. economy could be headed into “something like 1970s stagflation”…

…click on the above link to read the rest…

Brace Yourselves, Because What They Have Planned Is Going To Absolutely Devastate The U.S. Economy

August 20, 2023

Brace Yourselves, Because What They Have Planned Is Going To Absolutely Devastate The U.S. Economy

Do you remember what happened in 2008? Many people believe that another historic financial disaster is coming and that it will absolutely devastate the U.S. economy. Earlier this week, I wrote about an investor named Michael Burry that has actually bet 1.6 billion dollars that the stock market is going to crash. He made all the right moves in 2008, and he fully intends to be proven right once again in 2023. Of course current conditions definitely resemble 2008 in so many ways. The residential housing market is so dead right now, and commercial real estate prices are plummeting at a very frightening pace. Unfortunately, officials at the Federal Reserve are making it quite clear that they are not done strangling the economy.

This week, mortgage rates jumped above the 7 percent mark to the highest level that we have seen in more than 20 years…

Mortgage rates surpassed 7% this week, hitting the highest level in more than two decades.

The average rate on the popular 30-year fixed mortgage increased to 7.09% this week, up from 6.96% the week prior, according to Freddie Mac’s release on Thursday. That’s the highest point since the first week of April 2002 and marks just the third time rates have exceeded 7% since then. The last times were in October and November of last year, when the rate reached 7.08%.

Needless to say, high mortgage rates have been crippling the housing market in recent months.

At the midpoint of this year, existing home sales were down a whopping 18.9 percent from the same time in 2022…

Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – receded 3.3% from May to a seasonally adjusted annual rate of 4.16 million in June. Year-over-year, sales fell 18.9% (down from 5.13 million in June 2022).

…click on the above link to read the rest…

The Mainstream Media Admits That We Are Facing “The Worst Food Crisis In Modern History”

January 21, 2023

The Mainstream Media Admits That We Are Facing “The Worst Food Crisis In Modern History”

People on the other side of the planet are dropping dead from starvation right now, but most people don’t even realize that this is happening. Unfortunately, most people just assume that everything is fine and dandy. If you are one of those people that believe that everything is just wonderful, I would encourage you to pay close attention to the details that I am about to share with you. Global hunger is rapidly spreading, and that is because global food supplies have been getting tighter and tighter. If current trends continue, we could potentially be facing a nightmare scenario before this calendar year is over.

Pakistan is not one of the poorest nations in the world, but the lack of affordable food is starting to cause panic inside that country. The following comes from Time Magazine…

Last Saturday in Mirpur Khas, a city in Pakistan’s Sindh province, hundreds of people lined up for hours outside a park to buy subsidized wheat flour, offered for 65 rupees a kilogram instead of the current, inflated rate of about 140 to 160 rupees.

When a few trucks arrived, the crowd surged forward, leaving several injured. One man, Harsingh Kolhi, who was there to bring a five kg bag of flour home for his wife and children, was crushed and killed in the chaos.

We are seeing similar things happen all over the planet.

Just because you still may have enough food to eat doesn’t mean that everybody else is okay.

In fact, things have already gotten so bad that even CNN is admitting that we are facing “the worst food crisis in modern history”…

…click on the above link to read the rest…

15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now

December 27, 2022

15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now

Economic conditions just keep getting worse. As we prepare to enter 2023, we find ourselves in a high inflation environment at the same time that economic activity is really slowing down. And just like we witnessed in 2008, employers are conducting mass layoffs as a horrifying housing crash sweeps across the nation. Those that have been waiting for the U.S. economy to implode can stop waiting, because an economic implosion has officially arrived. The following are 15 facts that prove that a massive economic meltdown is already happening right now…

#1 Existing home sales have now fallen for 10 consecutive months.

#2 Existing home sales are down 35.4 percent over the last 12 months. That is the largest year over year decline in existing home sales since the collapse of Lehman Brothers.

#3 Homebuilder sentiment has now dropped for 12 consecutive months.

#4 Home construction costs have risen more than 30 percent since the beginning of 2022.

#5 The number of single-family housing unit permits has fallen for nine months in a row.

#6 The Empire State Manufacturing Index has plunged “to a reading of negative 11.2 in December”. That figure was way, way below expectations.

#7 In November, we witnessed the largest decline in retail sales that we have seen all year long.

#8 Even the biggest names on Wall Street are starting to let workers go. In fact, it is being reported that Goldman Sachs will soon lay off approximately 4,000 employees.

#9 The Federal Reserve is admitting that the number of actual jobs in the United States has been overstated by over a million.

#10 U.S. job cuts were 417 percent higher in November than they were during the same month a year ago.

#11 A recent Wall Street Journal survey found that approximately two-thirds of all Americans expect the economy to get even worse next year.

…click on the above link to read the rest…

5 Global Flashpoints Which Could Absolutely Explode During The Early Stages Of 2023

December 17, 2022

5 Global Flashpoints Which Could Absolutely Explode During The Early Stages Of 2023

Will 2023 be a year when extremely destructive conflicts erupt all over the world? We are certainly already living in a time of “wars and rumors of wars”, and tensions are approaching the boiling point in a number of key global flashpoints right now. If several more major conflicts were to suddenly begin next year, we could potentially witness an extended period of geopolitical instability that would be unlike anything that we have ever witnessed. It is easy to start wars, but it is much harder to end them. If you doubt this, just look at what is going on in Ukraine. There is no end in sight for that conflict, and there are several other wars that could literally erupt at any time. The following are 5 global flashpoints which could absolutely explode during the early stages of 2023…

#1 Serbia

Are you ready for another war in the Balkans? Ethnic tensions have risen to the highest level in more than two decades, and the president of Serbia just convened an emergency gathering of his national security council…

Serbian President Aleksandar Vučić has met his national security council as tensions rise in Kosovo between the authorities there and ethnic Serbs.

On Saturday a stun grenade was thrown at EU police in north Kosovo, where Serbs form a majority, and local police exchanged fire with unknown groups.

Ethnic Serbs set up road blocks after Kosovan police were deployed in a dispute over car number plates.

Some in the region now believe that war is “inevitable”, and Kosovo is already asking NATO to step in and intervene…

At a news conference in Kosovo’s capital Pristina on Sunday, Prime Minister Albin Kurti asked the Kosovo Force (KFOR), a NATO-led international peacekeeping force, to guarantee “freedom of movement,” as he accused “criminal gangs” of blocking roads.

…click on the above link to read the rest…

Who Is Purposely Sabotaging Power Plants All Over America?

December 12, 2022

Who Is Purposely Sabotaging Power Plants All Over America?

Someone has been attacking power plants all over the country, and federal authorities are trying to determine who it is. In recent days, we have seen significant sabotage on both the east and west coasts, and so it can’t just be one individual that is responsible. During the first eight months of this year, there were a total of 106 attacks on the electrical grid in the United States, and that represents the highest number ever recorded in a single year. Hopefully authorities will be able to get to the bottom of this mystery, because winter will soon officially begin. If power goes out in your neck of the woods for an extended period of time during the months ahead, what will you do?

Nobody is trying to claim that the string of attacks that we have been witnessing is “accidental”, and ABC News is reporting that “federal authorities are investigating” this very disturbing trend…

Federal authorities are investigating a number of recent reported acts of sabotage on utility companies, a senior law enforcement source told ABC News.

The move comes in the wake of substations being riddled with bullets in North Carolina, leaving tens of thousands without power for days.

After the incident, the utility companies reached out to federal authorities in recent days to investigate, the source said.

The recent incident in North Carolina was particularly alarming.

At approximately 7 PM on Saturday night, gunfire erupted at two electrical substations in Moore County. Officials are calling this “an intentional and coordinated attack”…

…click on the above link to read the rest…

Climate Change Lockdowns? Yup, They Are Actually Going There…

December 9, 2022

Climate Change Lockdowns? Yup, They Are Actually Going There…

I suppose that we should have known that this was inevitable. After establishing a precedent during the pandemic, now the elite apparently intend to impose lockdowns for other reasons as well. What I have detailed in this article is extremely alarming, and I hope that you will share it with everyone that you can. Climate change lockdowns are here, and if people don’t respond very strongly to this it is likely that we will soon see similar measures implemented all over the western world. The elite have always promised to do “whatever it takes” to fight climate change, and now we are finding out that they weren’t kidding.

Over in the UK, residents of Oxfordshire will now need a special permit to go from one “zone” of the city to another. But even if you have the permit, you will still only be allowed to go from one zone to another “a maximum of 100 days per year”…

Oxfordshire County Council yesterday approved plans to lock residents into one of six zones to ‘save the planet’ from global warming. The latest stage in the ’15 minute city’ agenda is to place electronic gates on key roads in and out of the city, confining residents to their own neighbourhoods.

Under the new scheme if residents want to leave their zone they will need permission from the Council who gets to decide who is worthy of freedom and who isn’t. Under the new scheme residents will be allowed to leave their zone a maximum of 100 days per year, but in order to even gain this every resident will have to register their car details with the council who will then track their movements via smart cameras round the city.

Are residents of Oxfordshire actually going to put up with this?

…click on the above link to read the rest…

One Way Or Another, The Population Of The Globe Will Soon Be Much Smaller Than It Is Right Now

November 19, 2022

One Way Or Another, The Population Of The Globe Will Soon Be Much Smaller Than It Is Right Now

This week it is being reported that the human population of our planet has now reached 8 billion. We should all remember this moment, because soon the population of the globe will start getting much smaller. In “End Times”, I explain that we are moving into one of the most chaotic times in all of human history. There will be wars and rumors of wars, economic collapse, worldwide famines, horrifying pestilences and great natural disasters. Needless to say, in such a future the global population would fall very rapidly. But for purposes of this article, let’s imagine that none of those things will happen for the foreseeable future. For a moment, let’s imagine that conditions will be pretty much like they are today for decades to come. Unfortunately, even in such a wildly unrealistic scenario the human population of our planet would still plummet dramatically in the years ahead. In fact, if current trends continue there will be hardly anyone left by the end of this century no matter what happens.

I realize that I have just made some very outrageous statements, and a lot of you are probably wondering how I could have come to such wild conclusions.

So let me take this one step at a time.

According to the UN, the population of the world just hit 8 billion for the first time ever. The following comes from the official website of the United Nations…

The global population is projected to reach 8 billion on 15 November 2022, and India is projected to surpass China as the world’s most populous country in 2023, according to World Population Prospects 2022, released today on World Population Day.

…click on the above link to read the rest…

11 Signs That Economic Activity Is Plunging Off A Cliff

November 9, 2022

11 Signs That Economic Activity Is Plunging Off A Cliff

Have you noticed it too? There has been a dramatic shift in the economy in recent days. It has been sudden and it has been severe. All over the country, sales are falling like a rock, inventories are piling up to alarming levels, and large companies are beginning to conduct mass layoffs. Perhaps it was inevitable that such a downturn would arrive, but the Federal Reserve has made things far worse by rapidly hiking interest rates. Every other time the Fed has engaged in such a rate hiking binge it has resulted in a recession, and there is no way that we are going to escape unscathed this time around. The following are 11 signs that economic activity is plunging off a cliff…

#1 This year, only 74 percent of Americans will celebrate Thanksgiving because so many people are skipping the holiday in order to save money…

In 2021, researchers note that an IPSOS survey found that nine in 10 Americans planned to celebrate Thanksgiving. This year, the new poll of 1,000 people found that number has fallen to just 74 percent. In fact, 47 percent say they’re celebrating “Friendsgiving” because of its more budget-friendly menu. Specifically, just 24 percent of Friendsgiving celebrations will even have a turkey on the table, with 33 percent opting for a pizza instead!

#2 Used vehicle prices have just plunged at the fastest pace that we have seen since 2008.

#3 A Dollar General assistant manager named Travis Bennett recently posted a video on TikTok that showed unsold inventory at his store literally piling up to the roof…

In a video with over 380,000 views addressed to “anyone inside this company that actually cares,” TikTok user Travis Bennett shows the conditions of his Dollar General. This includes boxes filling the aisles and numerous crates that have not been unpacked. Bennett says this is typical for “most Dollar General stores across the country.”

…click on the above link to read the rest…

The Shortages Are Coming

November 8, 2022

The Shortages Are Coming

Do you remember in early 2020 when they told us that the shortages that we were experiencing would just be temporary? Of course some of them were, but then more shortages just kept on erupting. That wasn’t supposed to happen, and now it appears that our supply chain problems could potentially get a whole lot worse. In just a few short months, we will be three years away from the beginning of the pandemic in the United States. But instead of a “return to normal”, more shortages are on the way. And in some cases, they could even be life threatening.

Let me give you an example. We need Amoxicillin to treat some of the most common infections that our children experience. Unfortunately, the FDA is warning us that we are now facing a very serious shortage of Amoxicillin…

Ear infections and strep throat.

Both are common childhood illnesses, for which the go-to prescription is in short supply, according to a recent nationwide alert from the U.S. Food and Drug Administration.

The warning specifically involves the powder, which pharmacists use to mix liquid Amoxicillin for childhood infections.

This is a really big deal.

According to one recent survey, close to two-thirds of all pharmacies in the nation are having difficulty getting Amoxicillin right now, and the national shortage of Adderall is even worse…

Nearly 66% of pharmacies are having challenges obtaining amoxicillin, according to a new National Community Pharmacists Association (NCPA) survey of 8000 pharmacy owners and managers, whereas 89% are realizing a shortage of Adderall.

Of course we are dealing with lots of other drug shortages at this moment as well.

In fact, according to the official FDA drug shortage list there are nationwide shortages of a whopping 183 different drugs in the United States right now.

We truly are in unprecedented territory.

Up in Canada, things are even worse.

…click on the above link to read the rest…

A Crippling Shortage Of Diesel Fuel Threatens To Devastate Western Economies In 2023

October 31, 2022

A Crippling Shortage Of Diesel Fuel Threatens To Devastate Western Economies In 2023

In my entire lifetime, global supplies of diesel fuel have never been tighter than they are right now. And that is really bad news, because the entire economy of the western world runs on diesel. If we suddenly had no more diesel fuel, virtually all of our trains, trucks and ships would stop running. Needless to say, just about everything that stocks our store shelves comes to us via trains, trucks and ships. So the fact that there is not enough diesel fuel to go around is a really big deal. Supplies have been declining for months, and at this point diesel inventories have fallen so low that we only have a 25 day buffer remaining…

The U.S. is facing a diesel crunch just as demand is surging ahead of winter — with only 25 days of supply left, according to the Energy Information Administration.

National Economic Council Director Brian Deese told Bloomberg TV that diesel inventories are “unacceptably low” and “all options are on the table” to bolster supply and reduce prices.

Unfortunately, this is not just a problem here in the United States.

Globally, supplies of diesel fuel have fallen to the lowest level that we have seen since 1982…

“The demand for diesel tends to rise as you get close to the winter, because the molecule that makes up diesel is very similar to the molecule that you use for heating homes in the U.S., for winter fuels in Europe,” Tom Kloza, dean of U.S. oil analysts at Oil Price Information Service (OPIS), told Newsweek.

The issue is global, said Kloza, adding that diesel inventories around the world are the lowest as they’ve been since 1982, “and we’ve added about 3.4 billion people in that time.”

Read that last line again.

…click on the above link to read the rest…

The Food Crisis Of 2023 Is Going To Be Far Worse Than Most People Would Dare To Imagine

October 20, 2022

The Food Crisis Of 2023 Is Going To Be Far Worse Than Most People Would Dare To Imagine

I am trying to sound the alarm about this as loudly as I can. The global food crisis just continues to intensify, and things are going to get really bad in 2023. As you will see below, two-thirds of European fertilizer production has already been shut down, currency problems are causing massive headaches for poor nations that need to import food, global weather patterns continue to be completely crazy, and the bird flu is killing millions upon millions of chickens and turkeys all over the planet. On top of everything else, the war in Ukraine is going to restrict the flow of agricultural and fertilizer exports from that part of the world for a long time to come, because there is no end to the war in sight. In essence, we are facing a “perfect storm” for global food production, and that “perfect storm” is only going to get worse in the months ahead.

Global hunger has been on the rise for years, and the UN World Food Program is warning that we are heading for “yet another year of record hunger”…

The world is at risk of yet another year of record hunger as the global food crisis continues to drive yet more people into worsening levels of severe hunger, warns the United Nations World Food Programme (WFP) in a call for urgent action to address the root causes of today’s crisis ahead of World Food Day on October 16.

The global food crisis is a confluence of competing crises – caused by climate shocks, conflict and economic pressures – that has pushed the number of severely hungry people around the world from 282 million to 345 million in just the first months of 2022…

…click on the above link to read the rest…

The Era Of Cheap Food And Cheap Gasoline Is Over

October 13, 2022

The Era Of Cheap Food And Cheap Gasoline Is Over

All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming. Throughout our entire lives, we have always been able to depend on a couple of things. There would always be cheap gasoline to fuel our vehicles and there would always be mountains of cheap food at the grocery store. No matter who was in the White House and no matter what else was going on in the world, those two things always remained the same. Unfortunately, those days are now over and they aren’t coming back.

We have entered the greatest energy crisis that any of us have ever experienced, and it isn’t going to go away any time soon.

So you might as well get used to high gas prices. Earlier this month, brand new all-time record highs were set all over southern California…

Los Angeles-Long Beach – $6.46 (Record high)
Orange County – $6.42 (Record high Saturday)
Ventura County – $6.40
Riverside County – $6.33 (Record high)
San Bernardino County $6.32

But that isn’t the real problem.

The real problem is with natural gas.

Thanks to the war in Ukraine, supplies of natural gas in Europe have become extremely tight, and this has pushed prices into the stratosphere.

Needless to say, this is going to greatly affect food productions in the months ahead. According to Bloomberg, over two-thirds of all fertilizer production capacity in Europe has already been shut down due to soaring natural gas costs…

Europe’s fertilizer crunch is deepening with more than two-thirds of production capacity halted by soaring gas costs, threatening farmers and consumers far beyond the region’s borders.

This is an absolutely massive story, but hardly anyone in the United States is covering it.

…click on the above link to read the rest of the article…

Even The Banksters Are Being Forced To Admit That The U.S. Economy Is Really Starting To Come Apart At The Seams

October 11, 2022

Even The Banksters Are Being Forced To Admit That The U.S. Economy Is Really Starting To Come Apart At The Seams

It’s wake up time. For months, there has been a tremendous amount of denial out there. So many of the “experts” assumed that the Federal Reserve and other central banks had everything under control and that things would “return to normal” before too long. But that hasn’t happened. Instead, the wheels seem to be coming off the bus and nobody seems to know what to do. The Fed appears to be determined to keep raising interest rates in a desperate attempt to fight inflation, and this has forced other central banks all over the globe to raise rates as well in order to keep their currencies from absolutely tanking. But all of these interest rate hikes are taking us into a major global economic downturn, and central bankers in Europe are literally screaming at the Fed to end the madness.

But the Fed is not going to end the madness, and so things are going to get really bad.

In fact, Bank of America is now projecting that the U.S. economy will lose 175,000 jobs a month during the first quarter of 2023…

As pressure from the Fed’s war on inflation builds, nonfarm payrolls will begin shrinking early next year, translating to a loss of about 175,000 jobs a month during the first quarter, the bank said. Charts published by Bank of America suggest job losses will continue through much of 2023.

“The premise is a harder landing rather than a softer one,” Michael Gapen, head of US economics at Bank of America, told CNN in a phone interview Monday.

In my opinion, if our job losses are that small during the first three months of next year I think that will be a huge win.

…click on the above link to read the rest of the article…

This Winter, Europe Plunges Into “The New Dark Ages”

September 11, 2022

This Winter, Europe Plunges Into “The New Dark Ages”

Could you imagine being sent to prison for three years if you dared to set your thermostat above 66 degrees Fahrenheit? As you will see below, this is a proposed regulation that is actually being considered in a major European country right now. If you have not been paying much attention to what is happening in Europe, you need to wake up. Natural gas in Europe is seven times more expensive than it was early last year, and that is because of the war in Ukraine. Over the past few decades, the Europeans foolishly allowed themselves to become extremely dependent on gas from Russia. In fact, more than 55 percent of the natural gas that Germany uses normally comes from Russia. But now the war has changed everything, and Europe is facing an extremely harsh winter of severe shortages, mandatory rationing and absolutely insane heating bills.

Things are going to get very cold and very dark all over Europe in the months ahead, and those Europeans that choose to rebel against the new restrictions that are being implemented could literally find themselves in prison…

Switzerland is considering jailing anyone who heats their rooms above 19C for up to three years if the country is forced to ration gas due to the Ukraine war.

The country could also give fines to those who violate the proposed new regulations.

Speaking to Blick, Markus Sporndli, who is a spokesman for the Federal Department of Finance, explained that the rate for fines on a daily basis could start at 30 Swiss Francs (£26).

19 degrees Celsius is just 66 degrees Fahrenheit.

If you live in Europe, prepare to dress very warmly this winter.

…click on the above link to read the rest of the article…

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