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Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market”

Worse Than 2008: We Are Being Warned That The Coronavirus Shutdown “Could Collapse The Mortgage Market”

The cascading failures that have been set into motion by this “coronavirus shutdown” are going to make the financial crisis of 2008 look like a Sunday picnic.  As you will see below, it is being estimated that unemployment in the U.S. is already higher than it was at any point during the last recession.  That means that millions of American workers no longer have paychecks coming in and won’t be able to pay their mortgages.  On top of that, the CARES Act actually requires all financial institutions to allow borrowers with government-backed mortgages to defer payments for an extended period of time.  Of course this is a recipe for disaster for mortgage lenders, and industry insiders are warning that we are literally on the verge of a “collapse” of the mortgage market.

Never before in our history have we seen a jump in unemployment like we just witnessed.  If you doubt this, just check out this incredible chart.

Millions upon millions of American workers are now facing a future with virtually no job prospects for the foreseeable future, and former Fed Chair Janet Yellen believes that the unemployment rate in the U.S. is already up to about 13 percent

Former Federal Reserve Chair Janet Yellen told CNBC on Monday the economy is in the throes of an “absolutely shocking” downturn that is not reflected yet in the current data.

If it were, she said, the unemployment rate probably would be as high as 13% while the overall economic contraction would be about 30%.

If Yellen’s estimate is accurate, that means that unemployment in this country is already significantly worse than it was at any point during the last recession.

And young adults are being hit particularly hard during this downturn…

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

Food Banks Warn They Will Soon Run Out Of Food As Economic Suffering Explodes All Over America

Food Banks Warn They Will Soon Run Out Of Food As Economic Suffering Explodes All Over America

What are hungry Americans going to do when the food banks don’t have any more food for them?  Over the past couple of weeks, we have witnessed the largest spike in unemployment in all of U.S. history.  Since most of those workers did not have any sort of a cushion to fall bank on, a lot of of them have been forced to seek out emergency assistance for themselves and their families almost immediately.  Of course our national network of food banks was not built to handle this sort of a scenario, and as you will see below, many of them are already starting to run out of food.  But if things are this bad at the very beginning of this new economic downturn, what are things going to look like a few months from now?

It is imperative for people to understand that we are now in uncharted territory.  At this point, even the head of the IMF is warning that this new economic crisis will be “way worse” that the last recession…

The coronavirus pandemic has created an economic crisis “like no other” — one that is “way worse” than the 2008 global financial crisis, the International Monetary Fund’s top official said Friday.

“Never in the history of the IMF have we witnessed the world economy come to a standstill,” Kristalina Georgieva, managing director of the IMF, said at a news conference.

And of course we are already seeing economic numbers in the United States that absolutely blow away anything that we witnessed back in 2008 and 2009.  I don’t know that any of us ever anticipated seeing a single week when 6.6. million Americans would file new claims for unemployment benefits.

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

For A Glimpse Into Your Dystopian Police State Future, Just Visit Your Local Walmart

For A Glimpse Into Your Dystopian Police State Future, Just Visit Your Local Walmart

Things are really starting to get crazy out there.  All over the country, “non-essential” businesses have been forced to shut down, but because Walmart sells food and other basic supplies it gets to be one of the “essential” businesses that stays open.  However, a trip to your local Walmart now will be far different from what you remember previously.  When you arrive, you will find that a very narrow entry corridor has been taped off with yellow security tape, and only a very limited number of shoppers are being allowed in at any one time.  And once you get inside, you will discover that there are very strict limits on what you are permitted to purchase.

I know that all of this sounds incredibly bizarre, but it is really happening.  The following is what one of my contacts reported when she visited her local Walmart…

Wow, so we just got back from walmart in Pine Bluff, AR….they herded us in, like cattle…I kid you not….we had to go through a taped-off line and they had only one door open instead of the two they normally have. They have a 5 person limit in Magnolia, AR…..and security guards at the door as well…armed security guards. You can only buy one loaf of bread and the store closed at 7PM…normally open 24 hours. It is CRAZY….someone opened a side door by accident and alarms started going off. I joked to the lady next to me “Oh crap, someone must have taken more than a dozen eggs!”

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

This Is What Economic Collapse Looks Like

This Is What Economic Collapse Looks Like

Approximately ten million Americans have filed new claims for unemployment benefits over the past two weeks.  To put that in perspective, the all-time record for a single week before this coronavirus pandemic hit was just 695,000.  So needless to say, 6.6 million claims in a single week puts us in uncharted territory.  Just check out this chart.  We have never seen a week like this before, and we may never see a week quite this bad again.  Of course millions more jobs will be lost in the months ahead as this pandemic stretches on, but it is hard to imagine another spike like we just had.  When you add the last two weeks together, somewhere around 10 million Americans have filed new unemployment claims during that time period…

The torrent of Americans filing for unemployment insurance skyrocketed last week as more than 6.6 million new claims were filed, the Labor Department reported Thursday. That brings to 10 million the total Americans who filed over the past two weeks.

Economists surveyed by Dow Jones had expected 3.1 million for last week, one week after 3.3 million filings in the first wave of what has been a record-shattering swelling of the jobless ranks. The previous week’s total was revised higher by 24,000.

As I have documented repeatedly in my articles, survey after survey has shown that most Americans were living paycheck to paycheck even during the “good times”.

Now that those paychecks aren’t coming in anymore for millions of Americans, a lot of bills aren’t going to get paid.

Just like we witnessed in 2008, mortgage defaults are about to skyrocket, and Wall Street is bracing for the worst

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

Supplies Are Starting To Get Really Tight Nationwide As Food Distribution Systems Break Down

Supplies Are Starting To Get Really Tight Nationwide As Food Distribution Systems Break Down

All across America, store shelves are emptying and people are becoming increasingly frustrated because they can’t get their hands on needed supplies.  Most Americans are blaming “hoarders” for the current mess, but it is actually much more complicated than that.  Normally, Americans get a lot of their food from restaurants.  In fact, during normal times 36 percent of all Americans eat at a fast food restaurant on any given day.  But now that approximately 75 percent of the U.S. is under some sort of a “shelter-in-place” order and most of our restaurants have shut down, things have completely changed.  Suddenly our grocery stores are being flooded with unexpected traffic, and many people are buying far more than usual in anticipation of a long pandemic.  Unfortunately, our food distribution systems were not designed to handle this sort of a surge, and things are really starting to get crazy out there.

I would like to share with you an excerpt from an email that I was sent recently.  It describes the chaos that grocery stores in Utah and Idaho have been experiencing…

When this virus became a problem that we as a nation could see as an imminent threat, Utah, because of its culture of food storage and preparing for disaster events seemed to “get the memo” first. The week of March 8th grocery sales more than doubled in Utah, up 218%. Many states stayed the same with increases in some. Idaho seemed to “get the memo” about four days later. We were out of water and TP four days after Utah. Then we were out of food staples about four days later. Next was produce following a pattern set by Utah four days earlier.

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

Are You Ready To Have Your Civil Liberties Severely Restricted? Because That Is Where This Thing Is Headed…

Are You Ready To Have Your Civil Liberties Severely Restricted? Because That Is Where This Thing Is Headed…

One of the things that sets the United States apart from the rest of the world is that we are supposed to have certain civil liberties guaranteed to us by the U.S. Constitution.  Of course the U.S. Constitution has been absolutely trampled on by many of our leaders for decades, but most Americans still deeply cherish the basic rights which are enshrined in our founding document.  Unfortunately, many of our politicians are convinced that all of those rights can be taken away during a “national emergency”, and these days the bar for declaring a “national emergency” has been set very low.  Yes, this coronavirus pandemic is a major threat, and experts are warning that millions of Americans could die.  But in the process of fighting this virus, we don’t want to relinquish the freedoms that previous generations of Americans fought so hard to secure for us.  As history has demonstrated, once certain freedoms are gone they can be exceedingly difficult to get back.  We are now being warned that this pandemic could last 18 months or longer, and losing any of our freedoms for that long is absolutely unthinkable.

Unfortunately, some of our politicians are apparently thinking about the unthinkable.

I would like for you to consider something that California Governor Gavin Newsom just told the media very carefully

California Gov. Gavin Newsom in a Sunday presser said that martial law was not necessary to combat coronavirus in his state.

“If you want to establish a framework of martial law, which is ultimate authority and enforcement, we have the capacity to do that, but we are not feeling at this moment that is a necessity,” Newsom said.

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

The Entire Western World Is Starting To Shut Down As Authorities Brace For “Millions” Of Coronavirus Cases

The Entire Western World Is Starting To Shut Down As Authorities Brace For “Millions” Of Coronavirus Cases

Since the end of World War II, have we ever seen the entire globe gripped by so much fear?  This week, the number of confirmed coronavirus cases in the U.S. and Europe has absolutely exploded, and authorities all over the western world are rushing to shut down public gatherings of all kinds.  The NCAA has banned fans from upcoming tournament games, the NBA just suspended the entire season because a Utah Jazz player tested positive, and dozens of other sporting events have been canceled all over the planet.  In both the U.S. and Europe, schools are being shut down for weeks, some universities are telling their students not to come back for the rest of the semester, and a whole host of concerts, conferences, festivals and religious gatherings are either being postponed or canceled altogether.  We have never seen anything like this before, and the implications are staggering.

Keeping everyone at home for a few weeks is one thing.

But what is going to happen if this pandemic just keeps growing for the rest of this calendar year or even longer?

According to NBC News, the attending physician of Congress believes that “70 million to 150 million people in the United States will become infected”…

Dr. Brian Monahan, the attending physician of Congress and the U.S. Supreme Court, said he expects 70 million to 150 million people in the United States will become infected with COVID-19, NBC News reported Wednesday, citing two sources.

Monahan made the comments to Senate staff during a closed-door meeting Tuesday afternoon, according to NBC News.

Right now, there are less than 2,000 confirmed cases in this country and fear is off the charts.

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

“Coronavirus Anxiety” Is Running Rampant All Over America, And This Could Be Only Just The Beginning…

“Coronavirus Anxiety” Is Running Rampant All Over America, And This Could Be Only Just The Beginning…

All across the United States people are getting really stressed out about COVID-19.  Every effort to contain the virus has failed, cases have started to pop up all over America, and the latest numbers show that it is 34 times more deadly than the flu.  And what makes this particular coronavirus even more frightening is the fact that it is so easy to catch.  You can become infected simply by breathing in the air around you, it can live on solid surfaces for days, and some victims can carry it around for weeks before ever showing any symptoms.  As this virus continues to spread, literally no public place will be safe, and that is really freaking a lot of people out.

But so far only 11 Americans have died from the virus.

If thousands start dying in this country, what is our national mood going to be like at that point?

Already, the level of stress that we are witnessing is very alarming.  The following comes from an NPR article about the “national anxiety” that we are currently experiencing…

And, as the coronavirus spreads, our unanswered questions can make us feel vulnerable or fearful. “Will it come to my community” or “Am I at risk?’

“We’ve got national anxiety at the moment, a kind of shared stress, and we are all in a state of extreme uncertainty,” says Catherine Belling, an associate professor at Northwestern University, Feinberg School of Medicine, who studies the role of fear and anxiety in health care.

Of course there are very good reasons to be concerned about this virus.

More than 3,000 people have already died around the world, and the horrors that we have seen elsewhere on the globe are starting to happen here.

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

Shocking New Study Concludes That The “Best Case Scenario” For A COVID-19 Pandemic Is 15 Million Dead

Shocking New Study Concludes That The “Best Case Scenario” For A COVID-19 Pandemic Is 15 Million Dead

Over the past week, the number of confirmed cases of COVID-19 outside of China more than tripled once again.  Hopefully it is extremely unlikely that such a rapid growth rate will continue, because if it does, there will be more than a million confirmed cases outside of China just a month from now.  I don’t even want to imagine the level of fear that would cause, and needless to say that would be absolutely devastating for the entire global economy.  Of course if we do get to a million confirmed cases, there won’t be any way to keep it from spreading everywhere on the entire globe, and the ultimate death toll could be unimaginable.

According to the WHO, the current death rate for this outbreak is 3.4 percent, and many experts believe that it will continue to go higher.

That means that a whole lot of people will die if this virus cannot be contained somehow.

Researchers at a major university in Australia modeled seven different scenarios for how a COVID-19 pandemic might go, and in the “best-case scenario” the death toll was 15 million

New modeling from The Australian National University looks at seven scenarios of how the COVID-19 outbreak might affect the world’s wealth, ranging from low severity to high severity.

Four of the seven scenarios in the paper examine the impact of COVID-19 spreading outside China, ranging from low to high severity. A seventh scenario examines a global impact in which a mild pandemic occurs each year indefinitely.

But even in the low-severity model — or best-case scenario of the seven, which the paper acknowledged were not definitive — ANU researchers estimate a global GDP loss of $2.4 trillion, with an estimated death toll of 15 million.

A pandemic that kills 15 million people would change everything.

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

All Of A Sudden, People All Over America Are Prepping Like Crazy

All Of A Sudden, People All Over America Are Prepping Like Crazy

I can’t remember a time when we have seen such widespread “panic buying” all over the nation.  Today I spoke with someone that just visited the closest Wal-Mart in this area, and I was told that there are empty shelves all over the store.  There are very few canned goods left, some of the most essential medications have been cleaned out, and there was nothing left in the long-term storable food section at all.  Of course similar things are being reported at major retail stores all across the United States.  All of a sudden, fear of COVID-19 has motivated thousands upon thousands of Americans to start prepping like crazy.  But most of the population is still not taking this crisis seriously enough.  As the number of confirmed cases all over the world continues to rise at an exponential rate, what are the stores going to look like when most of the country finally realizes that they should be prepping for an extended pandemic?

Over the past several days, this coronavirus outbreak has escalated significantly.

From Saturday to Sunday, the number of confirmed cases in Italy jumped by 50 percent

Italy reported a 50% increase in coronavirus cases Sunday, as the US further restricted travel and the famed La Scala opera house closed.

Italy’s Civil Protection Authority reported the country now has 1,694 confirmed coronavirus cases, up from 1,128 confirmed cases on Saturday. Thirty-four people have died.

And in Germany, the number of confirmed cases actually doubled in just 24 hours.

Here in the United States, confirmed cases are now popping up all over the nation, and we are being warned to brace for a “boom” of confirmed cases

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

Global Crop Failures Continue: In Australia This Is Going To Be The WORST HARVEST Ever Recorded

Global Crop Failures Continue: In Australia This Is Going To Be The WORST HARVEST Ever Recorded

Global food production is being hit from seemingly every side.  Thanks to absolutely crazy weather patterns, giant locust armies in Africa and the Middle East, and an unprecedented outbreak of African Swine Fever in China, a lot less food is being produced around the world than originally anticipated.  Even during the best of years we really struggle to feed everyone on the planet, and so a lot of people are wondering what is going to happen as global food supplies become tighter and tighter.  The mainstream media in the United States is so obsessed with politics right now that they haven’t been paying much attention to this emerging crisis, but the truth is that this growing nightmare is only going to intensify in the months ahead.

In Australia, conditions have been extremely hot and extremely dry, and that helped to fuel the horrific wildfires that we recently witnessed.

And everyone knew that agricultural production in Australia was going to be disappointing this year, but it turns out that it is actually going to be the worst ever recorded

Australia’s hottest and driest year on record has slashed crop production, with summer output expected to fall to the lowest levels on record, according to official projections released Tuesday.

The country’s agriculture department said it expects production of crops like sorghum, cotton and rice to fall 66 percent — the lowest levels since records began in 1980-81.

The continent of Australia is considered to be one of the breadbaskets of the world.  According to the U.S. Department of Agriculture, in 2018/19 Australia exported over 9 million tons of wheat to the rest of the world.

But thanks to relentless crop failures, Australia has started to import wheat, and that is likely to continue for the foreseeable future.

So instead of helping to feed the rest of the world, Australia is now relying on the rest of us to help feed them.

And what is happening this year didn’t just barely break the old records.  In fact, one senior economist says that this will be the worst summer crop production the country has ever seen “by a large margin”

Even The Mainstream Media Is Now Admitting That Humanity Is Facing “A Perfect Storm”

Even The Mainstream Media Is Now Admitting That Humanity Is Facing “A Perfect Storm”

Over the last several decades, have we ever seen a year start as strangely as 2020 has?  Global weather patterns have gone completely nuts, large earthquakes are popping off like firecrackers, it looks like the plague of locusts in Africa could soon develop into the worst in modern history, and a massive plague of bats is severely terrorizing parts of Australia.  On top of all that, African Swine Fever is wiping out millions upon millions of pigs around the globe, the H1N1 Swine Flu is killing people in Taiwan, there have been H5N1 Bird Flu outbreaks in China and in India, and the H5N8 Bird Flu has made an appearance at a poultry facility in Saudi Arabia.  Of course the coronavirus outbreak which is causing people to literally drop dead in the streets in China is making more headlines than anything that I have mentioned so far, and it could potentially turn into a horrifying global pandemic that kills millions of people.

But other than that, it has been a rather calm beginning to the year, eh?

I have been repeatedly warning that the time of “the perfect storm” is upon us, and many others have also been using this terminology to describe what we are now facing.

The world is facing a series of interlinked emergencies that are threatening the existence of humans, because the sum of the effects of the crises is much greater than their individual impacts, according to a new global study.

Climate breakdown and extreme weather, species loss, water scarcity and a food production crisis are all serious in themselves, but the combination of all five together is amplifying the risks of each, creating a perfect storm that threatens to engulf humanity unless swift action is taken.

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

4 Plagues Are Marching Across Asia Simultaneously: Coronavirus, African Swine Fever, H5N1 Bird Flu And H1N1 Swine Flu

4 Plagues Are Marching Across Asia Simultaneously: Coronavirus, African Swine Fever, H5N1 Bird Flu And H1N1 Swine Flu

The coronavirus outbreak that is raging all over China right now has been making headlines on a daily basis all over the globe, and rightly so.  At this point we don’t know if it will ultimately become a horrifying global pandemic that will affect tens of millions of people, but what we do know is that the virus spreads very easily and the number of cases has been rising at an exponential rate.  Meanwhile, three other plagues have also been marching across Asia, and most people in the western world don’t even realize that this is happening.  What I am about to share with you in this article is quite chilling, and the months ahead will be very dark if these plagues continue to spread.

Long before we ever heard of this new coronavirus, African Swine Fever was devastating pork farms from one end of China to the other.  There is no vaccine for “pig ebola”, there is no cure, and once it hits a farm the only thing that can be done is to kill every single pig so that it won’t spread anywhere else.  But even though draconian measures have been implemented, it has just kept spreading, and at this point “about two-thirds of China’s swine herd has been lost”

Video of people fighting over pork at Chinese meat counters will likely become more common as the fallout from the African swine fever outbreak in China progresses.

Brett Stuart, president of the market research and analysis firm Global AgriTrends, estimates that about two-thirds of China’s swine herd has been lost to the disease and contrary to official government reports of recovery, more pigs are dying every day as ASF continues to spread.

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

A Plague Of “Billions” Of Locusts Threatens To Create A Horrific End Times Famine All Over Africa

A Plague Of “Billions” Of Locusts Threatens To Create A Horrific End Times Famine All Over Africa

Billions of locusts are eating everything in sight in east Africa right now, and every single day many more farms are being completely wiped out.  Unfortunately, authorities are telling us that what we have seen so far is just the tip of the iceberg.  In fact, if extreme measures are not implemented immediately, authorities are claiming that this locust plague could literally get “500 times” worse in a few months.  But it is difficult to imagine conditions getting any worse than they are at this moment.  Ravenous locust swarms that are “the size of cities”are consuming crops at a staggering pace, and this could potentially cause famine on the African continent that is unlike anything we have ever seen before.

It can be difficult to imagine a plague of “billions” of locusts.  After all, there are only about 7 billion people living on the entire planet.

But this is actually happening.  Right now “billions of locusts” are absolutely devastating east Africa, and each one can eat “its own weight in food every day”…

Billions of locusts swarming through East Africa could prove disastrous for a region still reeling from drought and deadly floods, experts have warned, amid increasing calls for international help.

Dense clouds of the ravenous insects, each of which consumes its own weight in food every day, have spread from Ethiopia and Somalia into Kenya, in the region’s worse infestation in decades.

It would be hard to overstate what this is going to mean for the region.  According to the FAO, this plague is an “unprecedented threat to food security and livelihoods in the Horn of Africa”…

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

Demand For “Prepper Properties” Is Soaring As More People Seek Refuge From The Nightmare That Is Coming To America

Demand For “Prepper Properties” Is Soaring As More People Seek Refuge From The Nightmare That Is Coming To America

In 2017 and 2018, most Americans were generally feeling pretty good about the future, and interest in “prepping” plummeted nationwide.  But now things have changed.  All of a sudden, demand for “prepper properties” is absolutely soaring, and this is driving up the prices of rural homes all over the nation.  In fact, in some of the hottest areas working class families have already been completely priced out of the market.  Meanwhile, luxury home prices in the heart of New York City have fallen to the lowest level in six years.  Many are deeply concerned about the upcoming election, and many others are alarmed by all the other crazy stuff happening all over the world, but whatever the motivation it is undeniable that an increasing number of Americans are seeking to flee the major cities right now.   There seems to be a growing consensus that our society is rapidly steamrolling toward a nightmare, and a lot of people are purchasing “prepper properties” while they still can.

I knew that conditions were shifting, but I was stunned when I saw that even Realtor.com had posted an article about this growing trend…

But today, Americans en masse are again preparing for the worst—and Communists are just about the only thing not on their list. What is? Terrorist attacks, a total economic collapse, perhaps even zombie invasions. Or maybe just a complete societal breakdown after this November’s scorched-Earth presidential election.

And Reuters just posted an article in which they discussed the fact that preppers have “boosted rural land values” in property markets all across the nation…

Whichever camp, realtors say the new dropouts are not “crackpots” and often include affluent professionals whose run for the hills has boosted rural land values and started to change their property market.

…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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