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ANOTHER “Bomb Cyclone” Will Bring More Flooding To Parts Of The Midwest That Were Hit By A “1,000 Year Flood” Last Month

ANOTHER “Bomb Cyclone” Will Bring More Flooding To Parts Of The Midwest That Were Hit By A “1,000 Year Flood” Last Month

Less than a month after a “bomb cyclone” caused a “1,000 year flood” in the middle portion of the country, another “bomb cyclone” of similar strength is going to bring even more flooding to the High Plains and Upper Midwest.  According to meteorologists, it is being projected that this new “bomb cyclone” will be “similar in intensity and in snowfall” to the last one, and the latest forecast is calling for “more than 30 inches in some areas”.  The floods that we witnessed last month absolutely devastated communities throughout the region, and now it is going to happen again.  The middle part of our nation has literally never seen anything like this happen ever before, and this is easily the worst natural disaster to hit the United States since Hurricane Katrina.

Before I get into the details of the latest weather forecast, let’s review what we have witnessed so far.  “At least 1 million acres of U.S. farmland” were under water for at least 7 days last month, according to Agriculture Secretary Sunny Purdue “as many as a million calves” were lost in the flooding in the state of Nebraska alone, and hundreds of millions of dollars worth of crops were destroyed.  Thousands upon thousands of farmers were financially ruined, and thousands of farmers will not be able to plant any crops at all this year.

If you can point out a worse agricultural disaster in the last 50 years in the United States, please feel free to do so.  To my knowledge, there isn’t one.

And now a second “bomb cyclone” is on the way this week.  According to CBS News, it looks like this “bomb cyclone” will produce “a blizzard of epic proportions”…

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

100s Of Millions Of Dollars In Crops Destroyed By Flooding, And Farmers Are Being Told “There’s Nothing The U.S. Government Can Do To Help”

100s Of Millions Of Dollars In Crops Destroyed By Flooding, And Farmers Are Being Told “There’s Nothing The U.S. Government Can Do To Help”

This is the worst economic disaster for U.S. farmers in modern American history.  Our ongoing trade war with China had greatly depressed prices for wheat, corn and soybeans, and so farmers were storing more crops on their farms than ever before in early 2019.  And then the floods came.  The water moved so fast that the vast majority of the farmers in the affected areas could not have moved what they had stored even if they wanted to, and the scale of the losses that these farmers have suffered is starting to become clearer.  According to UPI, “hundreds of millions of dollars in crops” that were destroyed by the flooding were not covered by insurance…

Hundreds of millions of dollars in crops destroyed in Midwestern floods this month were not insured, farmers say. And the losses could leave many without sufficient income to continue farming.

“This uninsured grain issue is really starting to affect people,” said Jeff Jorgenson, a western Iowa corn and soy grower whose farm flooded when the Missouri River spilled over its banks March 12.

Without an extraordinary amount of assistance, there are thousands of farmers that will never be able to come back from this.

One fifth-generation farmer that was interviewed by Fox News said that about 7 million dollars worth of grain was destroyed in his county alone…

Dustin Sheldon, a fifth-generation grain and soybean farmer, watched in horror as the floods that devastated the Midwest began to recede and he could assess the damage to his crops.

He said the record-breaking floods caused about $1 million in losses for his family farm.

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

“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months

“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months

According to Agriculture Secretary Sunny Purdue, there “may be as many as a million calves lost in Nebraska” due to the catastrophic flooding that has hit the state.  This is not a rumor, this is not an exaggeration, and this is not based on any sort of speculation.  This number comes to us directly from the top agriculture official in the entire country, and it means that the economic toll from the recent floods is far greater than most of us had anticipated.  You can watch Purdue make this quote on Fox Business right here, and it is important to remember that this number is just for one state.  It is hard to imagine what the final numbers will look like when the livestock losses for all of the states affected by the flooding are tallied up.  This is already the worst agricultural disaster in modern American history, and the National Weather Service is telling us that there will be more catastrophic flooding throughout the middle portion of the nation for the next two months.

Nebraska Governor Pete Ricketts says that this is the worst flooding that his state has ever experienced.  Ricketts originally told us that 65 out of the 93 counties in his state have declared a state of emergency, but that number has now risen to 74.  Hundreds of millions of dollars of damage has been done in his state alone, and that is just an initial estimate.

It deeply offends me that the big mainstream news channels have spent so little time covering this disaster.  This is the biggest news story of 2019 so far by a very wide margin, but because it happened in the middle of the country they are not giving it the attention that it deserves.

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

200 Million People At Risk: National Weather Service Warns Apocalyptic Midwest Floods Are “A Preview Of What We Expect Throughout The Rest Of The Spring”

200 Million People At Risk: National Weather Service Warns Apocalyptic Midwest Floods Are “A Preview Of What We Expect Throughout The Rest Of The Spring”

The flooding that just struck the middle part of the country was the worst blow to U.S. farmers in decades, but now the National Weather Service is telling us that it was just “a preview of what we expect throughout the rest of the spring”.  Can that possibly be true?  After the immense devastation that we have already witnessed, how much worse can the flooding possibly get?  Already we have seen thousands of homes and farms be completely destroyed, and we are being told that the total economic damage is in the billions of dollars.  Sadly, the truth is that a lot worse is still yet to come.  Thanks to a very snowy winter, a massive amount of snow is going to melt during the next several weeks, and that alone would produce tremendous flooding.  But on top of all of that melting snow, forecasters are telling us that it will be a very rainy spring.  In fact, the Weather Channel is warning that there will be “above-average precipitation across much of the Lower 48” over the next three months, and one meteorologist is forecasting that it is “not looking like we are going to see any dry stretches anytime soon”.  And this is on top of all of the very heavy rainfall that has been falling in recent weeks.  At this point, the Mississippi River basin has already gotten “three times as much rainfall as in a normal year”.

Even without any additional flooding, U.S. food production would be way down this year.  The recent flooding is going to keep thousands of farmers from planting crops on time, and thousands of others are not going to be able to use their fields at all.

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

Government Warns Of Historic, Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Are Destroyed

Government Warns Of Historic, Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Are Destroyed

We have never seen catastrophic flooding like this, and the NOAA is now telling us that there will be more major flooding for at least two more months.  On Thursday, the National Oceanic and Atmospheric Administration warned that “historic, widespread flooding” would “continue through May”.  More than 90 percent of the upper Midwest and Great Plains is currently covered by an average of 10.7 inches of snow, and all of that snow is starting to melt.  That means that we are going to transition from one of the worst winters in modern history to a flood season that has already taken an apocalyptic turn for farmers all across America.  At this moment, millions of acres of farmland are already underwater.  Thousands of farmers are not going to be able to plant crops this year, and thousands of other farmers that have been financially ruined by the floods will never return to farming again.  This is already the worst agricultural disaster in modern American history, and it is going to get a whole lot worse.

I posted an article about this crisis yesterday, and I am troubled by the fact that most Americans don’t seem to understand the gravity of what we are facing.

Millions of bushels of wheat, corn and soybeans have been destroyed by flood waters, hundreds of millions of dollars worth of livestock have been lost, and all of us will soon be feeling a lot more pain at the grocery store.

And this would be a complete and utter national nightmare even if the flooding was all over, but the NOAA just told us that we should expect more catastrophic flooding for the next two months

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

Catastrophic Flooding In The Midwest Could Last “For Months”, And That Is Going To Mean A Dramatic Drop In U.S. Food Production

Catastrophic Flooding In The Midwest Could Last “For Months”, And That Is Going To Mean A Dramatic Drop In U.S. Food Production

The worst flooding disaster in the history of the Midwest is just getting started, and as this crisis unfolds we are all going to be feeling the pain.  The “bomb cyclone” that recently brought hurricane-force winds and blizzard conditions to the middle of the nation was the spark that set off this catastrophic flooding, and now all of the snow from one of the snowiest winters in decades is going to be feeding into rivers that have already shattered all-time flood records.  As you will see below, most of the Great Plains and Upper Midwest is currently covered by more than 10 inches of snow, and all of that water has to go somewhere.  As all of that snow melts, we are going to witness an agricultural disaster that is far beyond anything that we have ever seen before in modern American history.

If you think that I am exaggerating even a little bit, please read this article all the way to the end.

As I did research for this article, I was floored by the immense devastation that has already taken place.  But if the crisis was over, at least farmers could start picking up the pieces.

Unfortunately, the crisis is not over.  In fact, Iowa Governor Kim Reynolds is saying that we are “just getting started”.  The following comes from a USA Today article entitled “‘It looked like an ocean’: Severe Midwest flooding could last all spring”

Gov. Kim Reynolds is warning Iowans what millions of Midwesterners have come to understand in recent days – the severe flooding that has swamped much of the regionmay be a long way from over.

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

The 11th Hour: 8 Examples Of Mainstream Media Sources Warning Us Of Imminent Economic Disaster

The 11th Hour: 8 Examples Of Mainstream Media Sources Warning Us Of Imminent Economic Disaster

Are we on the verge of another great financial crisis, a devastating recession and a horrific implosion of the global debt bubble?  On my website I have been relentlessly warning my readers about the inevitable consequences of our very foolish actions, but now the mainstream media is beginning to sound just like The Economic Collapse Blog.  The coming crisis is so close now that a lot of them are starting to see it, and of course economic disaster is already a reality for much of the rest of the planet.  For years, the mainstream media told us that things would get better, and in a lot of ways we did see some improvement.  But now the tone of the mainstream media has become quite ominous, and that is definitely not a positive sign.  The following are 8 examples of mainstream media sources warning us of imminent economic disaster…

#1 Forbes: “Disaster Is Inevitable When America’s Stock Market Bubble Bursts”

As shown in this report, the U.S. stock market is currently trading at extremely precarious levels and it won’t take much to topple the whole house of cards. Once again, the Federal Reserve, which was responsible for creating the disastrous Dot-com bubble and housing bubble, has inflated yet another extremely dangerous bubble in its attempt to force the economy to grow after the Great Recession. History has proven time and time again that market meddling by central banks leads to massive market distortions and eventual crises. As a society, we have not learned the lessons that we were supposed to learn from 1999 and 2008, therefore we are doomed to repeat them.

The purpose of this report is to warn society of the path that we are on and the risks that we are facing.

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

The 11th Hour: 8 Examples Of Mainstream Media Sources Warning Us Of Imminent Economic Disaster

The 11th Hour: 8 Examples Of Mainstream Media Sources Warning Us Of Imminent Economic Disaster

Are we on the verge of another great financial crisis, a devastating recession and a horrific implosion of the global debt bubble?  On my website I have been relentlessly warning my readers about the inevitable consequences of our very foolish actions, but now the mainstream media is beginning to sound just like The Economic Collapse Blog.  The coming crisis is so close now that a lot of them are starting to see it, and of course economic disaster is already a reality for much of the rest of the planet.  For years, the mainstream media told us that things would get better, and in a lot of ways we did see some improvement.  But now the tone of the mainstream media has become quite ominous, and that is definitely not a positive sign.  The following are 8 examples of mainstream media sources warning us of imminent economic disaster…

#1 Forbes: “Disaster Is Inevitable When America’s Stock Market Bubble Bursts”

As shown in this report, the U.S. stock market is currently trading at extremely precarious levels and it won’t take much to topple the whole house of cards. Once again, the Federal Reserve, which was responsible for creating the disastrous Dot-com bubble and housing bubble, has inflated yet another extremely dangerous bubble in its attempt to force the economy to grow after the Great Recession. History has proven time and time again that market meddling by central banks leads to massive market distortions and eventual crises. As a society, we have not learned the lessons that we were supposed to learn from 1999 and 2008, therefore we are doomed to repeat them.

The purpose of this report is to warn society of the path that we are on and the risks that we are facing.

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

Bankers And Tech Executives Know The Collapse Of Society Is Coming And Are Feverishly Prepping For It

Bankers And Tech Executives Know The Collapse Of Society Is Coming And Are Feverishly Prepping For It

While most of the general population has been lulled into a false sense of security, bankers and tech executives are spending millions upon millions of dollars to prepare for the collapse of society.  Do they know something that the rest of us do not?  Apparently talk of doomsday scenarios has become very popular at Silicon Valley dinner parties, and as you will see below, having a plan to escape to New Zealand appears to be a very popular “Plan B” among the tech elite.  Of course this is not just a west coast phenomenon.  Many bankers on the east coast have similar concerns and have also been developing contingency plans.  Ladies and gentlemen, they know what is coming and they are feverishly getting prepared for it.  In fact, J.P. Morgan Chase’s head quant just publicly declared that the next financial crisis is going to result in “social unrest not seen in the U.S. in half a century”.  The following comes from CNBC

Sudden, severe stock sell-offs sparked by lightning-fast machines. Unprecedented actions by central banks to shore up asset prices. Social unrest not seen in the U.S. in half a century.

That’s how J.P. Morgan Chase‘s head quant, Marko Kolanovic, envisions the next financial crisis. The forces that have transformed markets in the last decade, namely the rise of computerized trading and passive investing, are setting up conditions for potentially violent moves once the current bull market ends, according to a report from Kolanovic sent to the bank’s clients on Tuesday. His note is part of a 168-page mega-report, written for the 10th anniversary of the 2008 financial crisis, with perspectives from 48 of the bank’s analysts and economists.

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

5 Signs That Global Financial Markets Are Entering A Bear Market, And 11 Ways That You Can Get Prepared For The Chaos That Is Coming…

5 Signs That Global Financial Markets Are Entering A Bear Market, And 11 Ways That You Can Get Prepared For The Chaos That Is Coming…

We haven’t seen carnage like this in the global financial marketplace in quite some time.  On Wednesday, U.S. stocks were down some, but things were much, much worse around the rest of the world.  Global banking stocks are plunging, emerging market stocks are cratering, and emerging market currencies continue their stunning decline.  This represents a dramatic change from the relative stability that we have seen throughout most of 2018.  It is almost as if someone flipped a switch once the month of August began, and the shakiness of global financial markets has many investors wondering what trouble fall will bring.  What we are witnessing right now is not a full-blown panic yet, but it definitely has the potential to turn into one.

The term “bear market” is being thrown around a lot lately, but a lot of people don’t understand what a “bear market” actually is.

A bear market is generally considered to be when we see a decline of 20 percent or more from the 52-week high, and after the carnage of this past week a lot of those thresholds are now being crossed.

It would probably be too early to call this a “global stock market crash”, but we are well on the way to getting there.  The following are 5 signs that global financial markets are entering a bear market…

#1 Global stocks have now fallen beneath all key moving averages.  Those key moving averages are important psychological thresholds for investors, and if we have a few more days like Wednesday we could see global financial markets go into full panic mode.

#2 European banking stocks have now officially entered a bear market, and all major European stock indexes are now red for the year.

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

Olduvai IV: Courage
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Olduvai II: Exodus
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