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If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone

If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone

If this is “the recovery”, what are things going to look like once economic conditions start to deteriorate again?  As you will see below, more than half of all households in some of our largest cities “are facing serious financial problems”, and Americans continue to file for unemployment benefits at a rate that the United States had never seen before prior to 2020.  When 695,000 workers filed for unemployment benefits during a single week in 1982, it established a record which stood for nearly 38 years.  But now we have been way above that old record for 25 weeks in a row.  On Thursday, we learned that another 884,000 Americans filed new claims for unemployment benefits last week…

Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic.

The Labor Department on Thursday reported 884,000 first-time filings for unemployment insurance, compared with 850,000 expected by economists surveyed by Dow Jones. The total was unchanged from the previous week.

Of course it is always important to look at the non-adjusted numbers, and according to those numbers we actually saw an increase over the previous week

The Labor Department changed its methodology in how it seasonally adjusts the numbers, so the past two weeks’ totals are not directly comparable to the reports from earlier in the pandemic. Claims not adjusted for seasonal factors totaled 857,148, an increase of 20,140 from the previous week.

This is the second week in a row that the non-seasonally adjusted initial claims have risen.

That definitely wasn’t supposed to happen.

We are supposedly in a “recovery” right now, and things are supposed to be getting better.

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

The Global Elite Have Far More Control Over Us Than Most People Would Dare To Imagine

The Global Elite Have Far More Control Over Us Than Most People Would Dare To Imagine

No matter where you fall on the political spectrum, you probably agree that the global elite have too much power and influence.  It has been said that “money is power”, and today that seems to be more true than ever.  Those at the very, very top of the pyramid dictate the rules of the game for the rest of us, and there isn’t too much that the rest of us can do about it.  When we talk about how the global elite dominate our lives, the focus tends to be on how they influence national governments, but the truth is that is one of the areas where the global elite have the least control.  I know that may sound strange, but I believe that things will become clearer by the end of this article.

I would submit that corporations are the primary vehicle that the elite use to control our lives.  In fact, many global corporations are now larger and more powerful than most national governments, and collectively the network of global corporations that dominates the planet is far larger and far more powerful than any single national government.

A number of years ago, a remarkable study was conducted that closely examined the interconnecting relationships of major corporations all over the world.  That study discovered that a network of 1,318 enormous companies dominated the global economy, and it also found that 147 colossal corporations at the core of that web formed a “super-entity” that controlled 40 percent of the entire network…

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

The Underground Bunker Business Is Booming As Global Events Spiral Out Of Control

The Underground Bunker Business Is Booming As Global Events Spiral Out Of Control

This is a really good time to be selling underground bunkers.  The COVID-19 pandemic, civil unrest in major U.S. cities, and concern about what else may be coming have combined to create a tremendous amount of demand for “survival real estate”.  In all my years of writing, I have never seen anything like this.  I have been hearing from so many people that suddenly feel a great urgency to prepare for the total collapse of society, and quite a few of them have either recently relocated or plan to do so in the near future.  For some, moving entirely out of the country seems like the best option, but for most others the goal is to find a way to survive the coming chaos here in the United States.

Of course a lot of people are still tied to major population centers by their jobs, and for a lot of those individuals a “survival bunker” in a remote location that they can bug out to if things get crazy enough is an attractive option.

In South Dakota, one company has established the “largest survival community on Earth”, and the New York Post recently interviewed a 69-year-old man named Tom Soulsby that purchased one of the very first underground bunkers in that community…

Tom Soulsby, 69, and his wife, Mary, were one of the first to buy a bunker at Vivos xPoint — the self-proclaimed “largest survival community on Earth” — near the South Dakota town of Edgemont. In 2017, he made a $25,000 down payment and signed a 99-year land lease (with fees of $1,000 per year) to occupy an elliptical-shaped, 2,200 square-foot underground concrete bunker once used as a military fortress during World War II to store weapons and ammunition.

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

We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before

We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before

For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here.  Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic economic downturn, and nobody is exactly sure what is going to happen next.  On Thursday, we learned that U.S. GDP was down 32.9 percent on an annualized basis last quarter.  That officially makes last quarter the worst quarter in all of U.S. history, and many people believe that this new economic depression is just getting started.  But of course not all areas of the country are being affected equally.  According to USA Today, states such as Hawaii, Nevada, Michigan and New York were hit particularly hard last quarter…

Every state was walloped last quarter, though ones that rely heavily on travel and tourism, such as Hawaii and Nevada, were hit hardest by the downturn, according to employment figures analyzed by economist Adam Kamins of Moody’s Analytics. Michigan, the heart of the nation’s auto industry, was slammed as consumers put off car purchases. And densely populated Northeast states struck by the most severe virus outbreaks – like New York, New Jersey and Massachusetts – absorbed among the heaviest economic losses as governors shut down earlier and residents stayed home.

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

The Numbers Tell Us That The ‘Economic Recovery’ Is Dead And Businesses Are Failing At A Staggering Pace

The Numbers Tell Us That The ‘Economic Recovery’ Is Dead And Businesses Are Failing At A Staggering Pace

Even though economic conditions were absolutely awful, during the month of June the mainstream media kept insisting that the U.S. economy was “recovering” and the stock market kept surging on every hint of good news.  But now the “economic recovery” narrative is completely dead, because the numbers clearly show that the U.S. economy is rapidly moving in the wrong direction.  On Thursday, the Labor Department announced that another 1.416 million Americans filed new claims for unemployment benefits last week.  Prior to this year, the all-time record for a single week was just 695,000, and so we are talking about a level of unemployment that is absolutely catastrophic.  But what is really alarming many analysts is that the number for last week was quite a bit higher than the number for the week before.  Many states are rolling out new restrictions as the number of confirmed COVID-19 cases continues to surge, and this is having a huge impact on economic activity.  For months I have been warning that fear of COVID-19 would prevent economic activity from returning to normal levels for the foreseeable future, and that is precisely what has happened.

Overall, more than 52 million Americans have filed new claims for unemployment benefits over the past 18 weeks, and that makes this the biggest spike in unemployment in U.S. history by a very wide margin.

In fact, this dwarfs all previous spikes by so much that the others are not even worth mentioning.

Of course it isn’t just the employment numbers that are depressingly bad.  According to Jefferies, in late June 19 percent of all U.S. small businesses were closed, but now that number has risen to 24.5 percent

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

A List Of 50 Things You Should Get Right Now To Prepare For The Chaotic Events Of The Next 12 Months

A List Of 50 Things You Should Get Right Now To Prepare For The Chaotic Events Of The Next 12 Months

People have been asking me to do an article like this for quite some time.  In all the years that I have been writing, I have never seen so many of my readers so alarmed about our immediate future.  Over and over again, I have been getting emails from people asking for advice about how to prepare for what is ahead, and so many of them are using the word “urgency” to describe what they are feeling.  And I can definitely identify with that, because around the middle of last year that is a word that I started using constantly.  I felt an urgency about 2020 that I had never felt about any other upcoming year, and there were certain things that I knew that I had to get done.  One of those things that I had to get done was my new book, and it is now finished.  The plan is to release it this month, and after reading it there will be no doubt about why I have been feeling such a sense of urgency in recent months.

I want to warn you in advance that the list below is not an exhaustive list.

Instead, it is meant to be a very basic starting guide.  There are many other things that could (and probably should) be added to this list, and I very much encourage readers to leave comments after this article with their own suggestions and recommendations.  We should always be willing to learn from one another, because nobody is an expert on everything.

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

There Are Nationwide Shortages Of Aluminum Cans, Soda, Flour, Canned Soup, Pasta And Rice

There Are Nationwide Shortages Of Aluminum Cans, Soda, Flour, Canned Soup, Pasta And Rice

I had no idea that things had gotten so bad.  Earlier today, my wife spoke with the manager of a local grocery store because she wanted to place a large order for some canned goods.  What she was told surprised her, and it certainly surprised me.  The manager of this local grocery store told her that there are numerous nationwide shortages going on at this moment, and he indicated that there are lots of products that he simply cannot get right now.  When my wife told me what he had said, I decided that I had to look into this, because I hadn’t heard that canned goods were in short supply.  Well, it turns out that the manager that my wife spoke with was right on target, and that should deeply alarm all of us.

One thing that my wife was specifically told was that there is a nationwide shortage of aluminum cans, and this is having a tremendous impact on the soda industry.

In fact, things have gotten so bad that Coca-Cola has been forced to publicly address the situation

Coke Life, Mello Yellow, Sprite Zero, Fresca and more. These are among some of the products you may have had trouble locating on store shelves in recent weeks.

And you’re not alone.

When asked about the situation, Coca-Cola told one Twitter follower: “We are seeing greater demand for products consumed at home & taking measures to adapt, working to mitigate the challenge during this unprecedented time. We appreciate your loyalty to our beverages; please know that we’re working hard to keep the products you love on the shelves.”

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

Why Every Person In America Needs To Become A Prepper During The Second Half Of 2020

Why Every Person In America Needs To Become A Prepper During The Second Half Of 2020

It has been on my heart to write this article for a few days, but I knew that it wouldn’t be easy to write.  2020 has already been one of the worst years in modern U.S. history, and it looks like the next six months are going to be extremely challenging as well.  But even though most Americans are expecting that things will return to “normal” in 2021 and beyond, the truth is that the “perfect storm” that we are witnessing is only in the very early stages.  All of the old cycles are ending, all of the bubbles are bursting, and we are starting to experience the consequences of decades of incredibly foolish decisions.  So even though the remaining months of 2020 will be chaotic, the truth is that things are going to get progressively worse as the years move along.  That means that you should use this period of time to prepare for what is ahead of us, because at some point the window of opportunity to prepare will be closed for good.

COVID-19 should have been a wake up call for all of us.  Lockdowns were implemented very suddenly once the virus started to spread in the U.S., and shortages of key items began to happen.  To this day, many retailers are still limiting the number of items that you can buy in certain categories.  Hopefully this has helped people to understand that if you have not stocked up in advance, you may not be able to go out and get what you need when a major crisis strikes.

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

Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate

Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate

Those that have been hoping for some sort of a “V-shaped recovery” have had their hopes completely dashed.  U.S. workers continue to lose jobs at a staggering rate, and economic activity continues to remain at deeply suppressed levels all over the nation.  Of course this wasn’t supposed to happen now that states have been “reopening” their economies.  We were told that things would soon be getting back to normal and that the economic numbers would rebound dramatically.  But that is not happening.  In fact, the number of Americans that filed new claims for unemployment benefits last week was much higher than expected

Weekly jobless claims stayed above 1 million for the 13th consecutive week as the coronavirus pandemic continued to hammer the U.S. economy.

First-time claims totaled 1.5 million last week, higher than the 1.3 million that economists surveyed by Dow Jones had been expecting. The government report’s total was 58,000 lower than the previous week’s 1.566 million, which was revised up by 24,000.

To put this in perspective, let me once again remind my readers that prior to this year the all-time record for a single week was just 695,000.  So even though more than 44 million Americans had already filed initial claims for unemployment benefits before this latest report, there were still enough new people losing jobs to more than double that old record from 1982.

That is just astounding.  We were told that the economy would be regaining huge amounts of jobs by now, but instead job losses remain at a catastrophic level that is unlike anything that we have ever seen before in all of U.S. history.

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

No, The U.S. Economy Will Definitely Not Be Returning To “Normal”. In Fact, Things Will Soon Get Even Worse.

No, The U.S. Economy Will Definitely Not Be Returning To “Normal”. In Fact, Things Will Soon Get Even Worse.

2020 has been quite a year so far.  It has been one nightmare after another, and yet the economic optimists continue to insist that economic activity will soon snap back to normal levels somehow.  So the economic optimists aren’t really alarmed by the fact that the core areas of our major cities have been torched, gutted and looted by rioters, because they assume that all of this violence is just a temporary phenomenon and that any damage that has been done can be repaired.  And they aren’t really alarmed by the fact that the COVID-19 pandemic is starting to escalate again.  In fact, over the last seven days we have seen the number of newly confirmed cases around the globe hit levels that we have never seen before.  They just assume that “the worst is behind us” and that the vast majority of the businesses and jobs that have been lost during this pandemic will be quickly recovered.

Wouldn’t it be wonderful if they were actually correct?

Sadly, the truth is that economic conditions will not be returning to normal.  Yes, some of the jobs that were lost will be recovered as states start to “reopen” their economies.  But more than 100,000 businesses have already permanently closed during this new economic downturn, and all of those jobs are lost forever.

And yes, the level of economic activity will rise as states end their lockdowns, but it will still be much lower than it was before COVID-19 started spreading like wildfire in the United States.

At this point, even the perpetually optimistic OECD is admitting that global economic activity as a whole will be way down in 2020

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

A ‘Biblical’ Plague Of Locusts Has Put Millions On The Brink Of Famine: “We Have Never, Ever Seen What We Have In The Last Six Months”

A ‘Biblical’ Plague Of Locusts Has Put Millions On The Brink Of Famine: “We Have Never, Ever Seen What We Have In The Last Six Months”

Billions upon billions of voracious desert locusts are ravenously devouring crops over a vast portion of the globe that stretches from eastern Africa all the way to India.  This unprecedented plague was supposed to be subsiding by now, but instead a fourth generation of locusts has emerged that is producing swarms that are “up to 8,000 times larger” than what we witnessed earlier this year.  Some of these swarms are the size of major cities, they can travel up to 150 kilometers a day, and when they descend upon a farm they can literally eat everything there in as little as 30 seconds.  Because these swarms are not affecting the United States, most Americans don’t understand the immense devastation that is happening on the other side of the globe right now.  The UN is warning that mass starvation is coming, and we are being told that it is going to begin by the end of this calendar year.

Each desert locust is very small, but collectively they can consume vast amounts of food.  According to the UN, a swarm that contains between 40 and 80 million locusts can eat “the same amount of food in a day as three million people”.

And it is important to remember that colossal swarms of locusts have been destroying countless farms day after day for many months.  What we have already witnessed is enough to constitute a major global emergency, and now the International Rescue Committee is telling us that this latest generation of locusts is the worst of them all by far…

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

Most U.S. States Have ‘Reopened’ Their Economies, So Why Does Unemployment Continue To Spiral Out Of Control?

Most U.S. States Have ‘Reopened’ Their Economies, So Why Does Unemployment Continue To Spiral Out Of Control?

This wasn’t supposed to happen.  Once states started to “reopen” their economies, the tsunami of unemployment was supposed to end.  But instead, we continue to see Americans lose jobs at a pace that is far beyond anything we have ever seen before in all of U.S. history.  All the way back in 1982, there was a week when 695,000 Americans filed initial claims for unemployment benefits, and that all-time record was never broken until this year.  Of course we have seen monster number after monster number here in 2020, and we just learned that last week another 1.877 million Americans filed new claims for unemployment benefits…

Filings for unemployment insurance claims totaled 1.877 million last week in a sign that the worst is over for the coronavirus-related jobs crisis but that the level of unemployment remains stubbornly high.

Economists surveyed by Dow Jones had been looking for 1.775 million new claims. The Labor Department’s total nevertheless represented a decline from the previous week’s upwardly revised total of 2.126 million.

So even though more than 40 million Americans had already lost their jobs in 2020, there were still enough people losing their jobs last week to surpass the old record from 1982 by more than a million.

Just think about that.

Overall, a grand total of 42.6 million Americans have now lost their jobs since the pandemic began, and that makes this the largest spike in unemployment in all of U.S. history by a very wide margin.

And when the monthly employment report comes out on Friday, the official U.S. unemployment rate is expected to surpass 20 percent

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

The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America

The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America

Initially, we were told that the coronavirus lockdowns would just “temporarily” disrupt the U.S. economy, but now it is becoming clear that a lot of the damage will be permanent.  We are starting to see businesses go belly up all over the country, and this includes some of the most iconic names in the retail world.  When J.C. Penney announced that it would be declaring bankruptcy and closing hundreds of stores, I warned that would just be the tip of the iceberg, and that has definitely turned out to be the case.  In fact, on Wednesday many analysts were absolutely shocked when news broke that Victoria’s Secret has decided to shut down about 250 stores

Victoria’s Secret plans to permanently close approximately 250 stores in the U.S. and Canada in 2020, its parent company L Brands announced Wednesday.

L Brands also plans to permanently close 50 Bath & Body Works stores in the U.S. and one in Canada, according to information the company posted online as part of its quarterly earnings.

If this pandemic had passed quickly, perhaps those stores wouldn’t have needed to be shut down.  But at this point it has become obvious that this virus is going to be with us for a long time to come.  In fact, the WHO just announced that on a global basis we just witnessed the largest number of newly confirmed cases on a single day so far.

Another major retailer that is closing down stores is Pier 1 Imports.  In fact, it is being reported that not a single one of their locations will survive

Pier 1 Imports, which previously said it would close half of its fleet of stores, now plans to close all of its locations.

The retailer, based in Fort Worth, Texas, announced in a news release Tuesday that it was seeking bankruptcy court approval to begin an “orderly wind-down” when stores are able to reopen “following the government-mandated closures during the COVID-19 pandemic.”

I was never a huge fan of Pier 1 Imports, but my wife liked to visit and see what they had, but now we will never be able to do that again.

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

The Perpetual Crisis: Now The WHO Is Telling Us That COVID-19 “May Never Go Away”

The Perpetual Crisis: Now The WHO Is Telling Us That COVID-19 “May Never Go Away”

Are you ready for “the new normal” to become permanent?  Originally, most of us assumed that “shelter-in-place orders” and “social distancing restrictions” would just be temporary, but now top health officials are warning us that some of these temporary measures may have to remain in place for the foreseeable future.  That means that our lives could be severely disrupted for a long time to come.  In fact, Dr. Anthony Fauci just told a Senate Committee that it may not be safe for schools all over America to reopen when the next school year begins in the fall.  Apparently Fauci and other medical “experts” believe that it will not be possible for us to fully go back to our normal lives as long as this virus keeps spreading.

But how long are we really supposed to wait?

The truth is that this pandemic could still potentially be in the early chapters.  The Spanish Flu pandemic lasted for three full years, and we could possibly be facing a similar scenario.

And this week WHO official Mike Ryan warned that this virus could even become “endemic”, and if that happens it “may never go away”

“It is important to put this on the table: this virus may become just another endemic virus in our communities, and this virus may never go away,” WHO emergencies expert Mike Ryan told an online briefing.

“I think it is important we are realistic and I don’t think anyone can predict when this disease will disappear,” he added. “I think there are no promises in this and there are no dates. This disease may settle into a long problem, or it may not be.”

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

States Are Now Wrestling With The Biggest Budget Crisis They Have Faced In All Of U.S. History

States Are Now Wrestling With The Biggest Budget Crisis They Have Faced In All Of U.S. History

Most U.S. states are seeing tax revenues completely and utterly collapse during this COVID-19 pandemic, and some are already begging the federal government for bailout money.  Because if dramatic intervention does not happen, many states are going to have to start savagely slashing their expenditures, and that could mean unprecedented job losses on the state government level.  Typically, state government bureaucrats make above average salaries and those jobs often come with very nice benefit packages.  Once those jobs have been eliminated, they will not be easy to replace.

The tax revenue numbers that are starting to come in are nothing short of shocking.  Just consider these examples

Georgia is showing a decline of more than $100 million in sales tax, fuel tax and other tax revenue compared with the same period a year ago. Tennessee’s tax revenue is down more than $120 million. Pennsylvania’s is off by more $760 million, and Texas, which also has been hammered by the downturn in oil prices, has seen tax collections plummet by nearly $1 billion.

And New Jersey officials just reported that tax revenue in their state fell a whopping 60 percent during the month of April compared to a year ago.

These are unprecedented figures, and they have created gaping holes in state budgets all over the nation

Colorado faces a gap of nearly a quarter of the state’s general budget. The projected gap in California is more than a fifth of its spending plan and in Oklahoma, a sixth. The governor of Oregon is preparing to cut 17% of her budget. Michigan may have to slash up to a quarter of the money it sends to schools.

…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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