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THE TRUCKING “BLOODBATH” CONTINUES AS 4,500 TRUCKERS LOSE THEIR JOBS

THE TRUCKING “BLOODBATH” CONTINUES AS 4,500 TRUCKERS LOSE THEIR JOBS

The federal government’s jobs report has confirmed that truckers are losing their jobs by the thousands. According to preliminary payroll numbers reported by the Bureau of Labor Statistics last week, around 4,500 trucking jobs were eliminated in the month of August alone.

The worst part is that we can expect that number to get worse in the coming months. According to Business Insider, this is the first time the agency reported a slash in trucking payrolls since March, when 1,200 truckers lost their jobs. That’s also the biggest drop since April of 2018 when approximately 5,500 trucking jobs were lost.

Indicators from the trucking industry have been sour in 2019. In the first half of the year, around 640 trucking companies went bankrupt, according to industry data from Broughton Capital LLC. That’s more than triple the number of bankruptcies from the same period last year — about 175. –Business Insider

One trucking company’s profits plunged recently adding more fuel to the recession fires.  USA Truck reported $2.5 million in net income in the second quarter of 2018. In Q2 2019, it reported $1,000 in profit, according to a separate report from Business Insider. The trucking industry is indeed going through a “bloodbath.”


Not a number you see very much in quarterly earnings: USA Truck’s 2q profit fell to … $1,000.

https://www.arkansasonline.com/news/2019/jul/26/freight-carrier-s-net-falls-to-1-000-20/#.XT2j3bcyRE8.twitter …Arkansas-based freight carrier’s profit plummets to $1,000 from $2.5 millionUSA Truck Inc. on Thursday reported a second-quarter profit of $1,000, a fraction of the trucking company’s reported profit from a year ago. arkansasonline.com


Of course, the news gets even bleaker the further you look. New truck orders sank to a nine-year low in July, according to ACT Research. But that number rebounded slightly in August, with a 6% month-over-month bump.

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

Peter Schiff: The Fed is ‘Unable to Delay’ a Recession Any Longer

PETER SCHIFF: THE FED IS ‘UNABLE TO DELAY’ A RECESSION ANY LONGER

According to Peter Schiff, the chief global strategist at Euro Pacific Capital, it was a “huge mistake” for the Federal Reserve to cut interest rates last month.  Schiff says there is no way for the Federal Reserve to stops the United States from going into a recession.

“They never should have taken rates to zero in 2008 and held them there for 7 years,”the veteran economic analyst told RT. “Zero interest rates and quantitative easing have created problems in our economy that will take generations to fix. However, the healing will never get underway if the Fed goes right back to zero (which is where they are headed).”

According to Schiff, it’s impossible to build a viable economy on the back of artificially low interest rates. “All it accomplishes it to push up asset prices, creating bubbles and malinvestments that hurt the economy. Relying on low interest rates for growth makes it certain that recessions will ensue when monetary policy tightens,” he added.

Runaway government debt and the Trump tariffs provided the final push to tip us back toward an inevitable recession, Schiff said. He added: “the Fed is not causing the recession; they are just unable to delay it any longer.” Unfortunately, if interest rates are “allowed” to rise organically to levels that reflect a healthy economy, the interest payments on government debt will sink the government and that’s exactly why President Donald Trump is desperate for artificially low interest rates.

Peter Schiff: A “Great Recession” Will Hit Jeopardizing Trump’s Reelection Efforts

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

USSA Social Credit: The U.S. Denied Entry to Student Because of His Friend’s Social Media Posts

USSA SOCIAL CREDIT: THE U.S. DENIED ENTRY TO STUDENT BECAUSE OF HIS FRIEND’S SOCIAL MEDIA POSTS

A Harvard student has been denied entry to the United States because of what one of his friends posted on social media. Ismail Ajjawi reportedly had his visa canceled after hours of questioning at Boston’s airport by the USSA.

Silicon Valley is already hard at work manipulating behavior, taking on the role of anauthoritarian government, and attempting to punish people for not acting the way they see fit. But it’s gone a step further.  The government is now rejecting entry to the country for foreigners based on their friends’ actions and social media posts.  This is the dystopian future George Orwell warned us about in his iconic book, 1984.

Written 70 years ago, 1984 was Orwell’s chilling prophecy about the future. And while 1984, the year, has come and gone, his dystopian vision of a government that will do anything to control the narrative is timelier than ever.

Ajjawi’s friends posted “political points of view that oppose the United States, reported CNET. The U.S. government is obviously probing visa applicants’ social media profiles and punishing people for their friends’ opinions. Ajjawi, from Lebanon, didn’t actually do anything wrong.  He’s “guilty by association.”  The U.S. government is one of totalitarian control and wants ultimate power over everything, including your very thoughts and opinions.  This is a truly horrific time in human history. 

Customs and Border Protection (CBP) spokesperson Michael McCarthy said in an emailed statement that he couldn’t offer specific details on Ajjawi’s case due to confidentiality clauses. “This individual was deemed inadmissible to the United States based on information discovered during the CBP inspection,” he wrote. Ajjawi, who got a scholarship to study in the U.S., returned home to Lebanon over the weekend. He and the university are working to resolve the matter before classes start next Tuesday.

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

Mass Surveillance: NJ Cops Turn Individuals’ Phones Into Spying Devices

MASS SURVEILLANCE: NJ COPS TURN INDIVIDUALS’ PHONES INTO SPYING DEVICES

It’s for their own good, of course! A New Jersey police department has unveiled technology that will allow 911 operators to stream video from callers smartphones.

For the time being, callers have to turn on the live video stream, meaning they are consenting and giving the police permission to see what’s happening as they call. This is the first step to automatic surveillance upon calling people who are assumed to be there to help. According to RT, the technology allows the 911 operators to use the phone’s camera and microphone. This is the first step down a very slippery slope.

Police Drop “Crime Prediction” Software, But Not Because It’s Orwellian

911eye, developed by Capita Secure Solutions and Services in conjunction with West Midlands Fire Service in the UK, represents a step toward a terrifying surveillance infrastructure that can turn any internet-capable device into a remote-activated surveillance tool. West Midlands Police were the first to embrace “pre-crime” technology in the UK, developing the National Data Analytics Solution to sniff out potential offenders and divert them with ostensibly therapeutic “interventions.”

If the fact that it was developed by the people behind the real-life version of ‘Minority Report’ isn’t enough reason to give 911eye a wide berth, take a look at Carbyne911, one of its competitors. Funded by deceased pedophile Jeffrey Epstein through former Israeli PM Ehud Barak, Carbyne911 markets itself as the solution to mass shootings. The program – founded by current and former Israeli intelligence personnel, which isn’t at all worrisome given that this country spies on the US so extensively it scares Congress – lets emergency dispatchers commandeer the camera and microphone of any internet-capable device within a certain range of the person who made the call. –RT

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

New Poll: 70% of Americans are Angry at the Political Establishment

NEW POLL: 70% OF AMERICANS ARE ANGRY AT THE POLITICAL ESTABLISHMENT

Are people finally beginning to wake up to the reality we are living in?  According to a new poll, 70% of Americans are now angry at the entrenched political establishment that is exerting control over every aspect of their lives.

According to a newly released poll, an overwhelming number of Americans are pissed off at the political establishment that has been enslaving them for over a century. Seventy percent of Americans said they feel mad “because our political system seems to only be working for the insiders with money and power, like those on Wall Street or in Washington.” But that’s exactly what happens when control is handed over to a few.  A consolidation of money and power at the top occurs and those who vote are the ones who get punished.

Additionally, 43% of Americans said that statement describes them “very well.”

Jeff Horwitt of Hart Research Associates, who conducted the poll with GOP firm Public Opinion Strategies, said, “Four years ago, we uncovered a deep and boiling anger across the country engulfing our political system. Four years later, with a very different political leader in place, that anger remains at the same level.” 

“The question that decides the 2020 election may no longer be ‘are you better or worse off than you were four years ago?’ but instead ‘are you as angry as you were four years ago?’” said Horwitt. “And if that’s the question, the answer is a deafening yes.” Breitbart

Humans were not meant to be controlled and enslaved and people are finally figuring out whether they are the master or the slave – and for the majority, the conclusion is not a good one. Four years ago (2015 when Barack Obama was still president), 39 % of Republicans and 44 % of Democrats reported they were very frustrated with the political establishment. Now, 29 % of Republicans and 54 % of Democrats remain very frustrated with the entrenched political establishment.

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

Earth Offline: A ‘Solar Superflare’ Could Impact the Grid Sooner Than We Think

EARTH OFFLINE: A ‘SOLAR SUPERFLARE’ COULD IMPACT THE GRID SOONER THAN WE THINK

Scientists are warning that a solar superflare on the sun could take Earth’s power systems offline sooner than previously thought. New research suggests that our sun could be capable of shooting a superflare in our direction, and it might be relatively soon impacting our power grid.

Even though our sun is older and less active than other stars in the galaxy, that doesn’t mean it’s totally lost its power, according to Yuta Notsu, a visiting researcher at CU Boulder. Notsu and colleagues used Kepler Space Telescope data to check for evidence of superflares on other stars like our sun. “The Kepler results suggest that slowly rotating, sun-like stars can also have superflares,” Notsu said during a press conference at a meeting of the American Astronomical Society in St. Louis on Monday.

According to a report by Forbes, Notsu said the type of superflares his team describes would be at least 100 times more powerful than the Carrington Event of 1859, which is said to have caused Aurora Borealis as far south as Hawaii and destroyed telegraph infrastructure. “Our study shows that superflares are rare events,” said Notsu. “But there is some possibility that we could experience such an event in the next 100 years or so.”

That would mean the power grid is potentially at stake. Depending on the severity of the super flare, we could have major problems that could stretch into months-long issues.

As humans, we are reliant on the power grid for almost everything in our daily lives.  If something goes wrong, and people lose power, we could have societal upheavals and massive civil unrest. While this scenario seems less likely than an all-out economic crash, it’s still important to have the basics of survivalism in the forefront of your mind.  Adopt a preparedness mindset and just consider the possible outcomes if we have problems.

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

NASA Prepares For “The God of Chaos” Asteroid to Arrive

NASA PREPARES FOR “THE GOD OF CHAOS” ASTEROID TO ARRIVE

NASA is already beginning preparations for the arrival of the asteroid called “The God of Chaos.”  The asteroid is said to be approaching Earth and will come close to our planet in 2029.

The asteroid’s official name is 99942 Apophis. It is a 1,110-foot-wide asteroid named after the Egyptian god of chaos.  It will fly as close to the Earth as some of the orbiting spacecraft panicking scientists.

99942 Apophis will come within 19,000 miles of Earth on April 13, a decade from now, but scientists at the Planetary Defense Conference are already preparing for the encounter, Newsweek reported. They plan to discuss the asteroid’s effects on Earth’s gravity, potential research opportunities and even how to deflect an incoming asteroid in a theoretical scenario.

The asteroid will be visible to the naked eye and will look like a moving star point of light, according to NASA. It will pass over the United States in the early evening, according to WUSA 9. 99942 Apophis was discovered in 2004 and, after tracking it for 15 years, scientists say the asteroid has a 1 in 100,000 chance of striking Earth decades in the future. But in the fairly distant future: after 2060, Newsweek reported.

Asteroid preparation has become quite a hobby for NASA.

NASA is going to be using a simulation of an “asteroid apocalypse” in order to help the space agency prepare for the cataclysmic event. And they are taking it seriously, as disaster planners from FEMA will join NASA for a dress rehearsal of doomsday.

International partners, including the European Space Agency (ESA), will also be a part of the simulation. The drill is said to be a  “tabletop exercise” that will simulate just how a planetary asteroid emergency would play out in real time. Although an emergency on this scale has never happened, and factors such as the location of impact will have a massive effect on the response to such a globally catastrophic event.

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

NASA Warns: ‘Catastrophic’ Supervolcano Poses Bigger Threat The Mankind Than Asteroid

NASA Warns: ‘Catastrophic’ Supervolcano Poses Bigger Threat The Mankind Than Asteroid

NASA has warned that a catastrophic supervolcano’s eruption poses a bigger threat to humanity than does an asteroid. An eruption at Yellowstone, for example, would be an apocalyptic event – one which human beings have never experienced.

A supervolcano has the ability to “push mankind to extinction” with an eruption, NASA (National Aeronautics and Space Administration) further warned.  The space agency conducted a “thought experiment” called, Defending Human Civilization From Supervolcanic Eruptions.  In it, researchers stated that a supervolcano eruption was more likely to happen on Earth in the future than an asteroid hitting the earth, according to the Express Daily. NASA added: “Supervolcanic eruptions occur more frequently than a large asteroid or comet impacts that would have a similarly catastrophic effect to human civilization.” Jet Propulsion Laboratory researchers found that collisions from asteroids which are more than 2km in diameter occurred “half as often as supervolcanic eruptions.”

A supervolcano is defined as a volcano which is big enough to cause an eruption which could project more than 1000 km3 of material into the atmosphere. The term “supervolcano” was introduced to describe eruptions capable of “plunging the world into a catastrophe and push humanity to the brink of extinction,” according to researchers.

The caldera underneath Yellowstone National Park is perhaps the most famous supervolcano in the United States.  Yellowstone has the capacity to extinct humanity if it ever erupts.

Yellowstone is due for another eruption at any time, and no one knows when. Scientists haven’t even offered much of an educated guess, but NASA did say that they had plans to save the world from Yellowstone previously.  Although they admitted the plan could cause an eruption.

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

One Reason You Might Have Some Time To Prepare For The Next Economic Recession

One Reason You Might Have Some Time To Prepare For The Next Economic Recession

There’s is one big reason why the U.S. will go into another recession eventually, but it’s the same reason you will have some time to prepare for it as well. Making money more expensive to borrow will lead to a recession, but the Federal Reserve isn’t raising rates.

That’s great news, but far too many Americans have already overspent and are in massive amounts of debts. Student loan debt is dragging down the economy and will eventually come to a head, regardless of the interest rates arbitrarily chosen by the central bankers at the Fed.

But according to Market Watch, the refusal to make money more expensive to borrow also buys the United States time before the next recession. Ed Yardeni opined that the inverted yield curve drove the Fed’s decision to keep interest rates where they are at as opposed to raising them.

In my recent book, Predicting the Markets, I wrote: “The Yield Curve Model is based on investors’ expectations of how the Fed will respond to inflation. It is more practical for predicting interest rates than is the Inflation Premium Model. It makes sense that the federal funds rate depends mostly on the Fed’s inflation outlook, and that all the other yields to the right of this rate on the yield curve are determined by investors’ expectations for the Fed policy cycle.” –Ed Yardeni, Market Watch

Yardeni suggested that after studying the relationship between the yield curve and the monetary, credit, and business cycles, the conclusion is that credit crunches, not inverted yield curve, and not aging economic expansions that cause recessions. The inverted yield curve also has a great track record when it comes to predicting recessions. 

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

State Warning: Catastrophic Volcanic Eruptions In California Are ‘Inevitable’

State Warning: Catastrophic Volcanic Eruptions In California Are ‘Inevitable’

The United States Geological Survey (USGS) has warned that California’s next big catastrophe might not be a massive earthquake.  Instead, they say a massive volcanic eruption could plunge the state into a post-apocalyptic hellscape.

In a report released on Monday, the USGS said that at least 10 volcanic eruptionshave taken place in the past 1,000 years and that “future volcanic eruptions are inevitable.” The USGS has previously said that California in dire need of the monitoring of at least 8 active volcanoes.

USGS claims that most people are well aware of the fact that California could experience a major and deadly earthquake, but the general public is less than concerned about a volcanic eruption. “The potential for damaging earthquakes, landslides, floods, tsunamis, and wildfires is widely recognized in California,” the report said according to Newsweek. “The same cannot be said for volcanic eruptions, despite the fact that they occur in the state about as frequently as the largest earthquakes on the San Andreas Fault.”

The USGS estimated the risk of volcanic eruption based on the past 5,000 years of volcanic activity in California. The report further found that there is a 16 percent chance of a small to moderate-sized eruption over the next 30 years. As reported by Newsweek, by comparison, there is a 22 percent chance of a magnitude 6.7 or larger earthquake at the San Andreas Fault in the San Francisco Bay Area in the next 25 years.

Although one cannot stop a volcano from erupting, preparations can be made just in case this inevitable event happens on our watch. The potentially hazardous volcanoes in California are being monitored closely for any changes that indicate an eruption could be on the way, but that may not give those in surrounding communities much time to get awat from the hazard.  Americans by and large have long lost their willingness to prepare for cataclysmic events and natural disasters.

The Financial Apocalypse: The Market Faces A $12 Trillion Reckoning

The Financial Apocalypse: The Market Faces A $12 Trillion Reckoning

Global markets are now facing a $12 trillion dollar reckoning.  The problem is staring the financial apocalypse right in the face and has the potential to accelerate the coming stock market crash.

recent report from the Congressional Budget Office has warned that deficits will total $11.6 trillion, or 4.4% of gross domestic product between 2020 and 2029. That’s far higher than the historical average of 2.9% over the past 50 years, according to data from INTL FCStone. This reckoning will come when no one wants to buy that debt, and that time is quickly approaching.

According to Business Insider, a deficit is only as ominous as the market’s inability to buy the excess debt that’s issued along the way. INTL FCStone macro strategist Vincent Deluard has serious concerns about that. So far, foreign central banks, and the U.S.’ central bank, The Federal Reserve. Central banks have begun selling debt though, not taking on more. The Fed has slashed Treasury holdings by $260 billion since October 2017, their foreign counterparts have sold almost $1 trillion over the past four years. Deluard says that those debts will terrifyingly be picked up by retail investors and pension funds.

But retail investors are running out of cash to by debt and pensions could implode at any time. “If retail investors finance budget deficits, the money will have to come from existing cash savings or equity holdings,” Deluard said in a recent client note. “Reversing to the long-term average stock allocation would free about $4 trillion in retail savings to go into the Treasury market.”

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

Peter Schiff: “The Real National Emergency Isn’t At The Border. It’s The National Debt!”

Peter Schiff: “The Real National Emergency Isn’t At The Border. It’s The National Debt!”

Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital Inc. says that the real national emergency is not at the southern border.  The real ticking time bomb is the national debt.

We are headed for a train wreck in this country because of the national debt and yet nobody seems concerned about it.  In fact, many Americans have taken to emulating the federal government by getting themselves buried in massive amounts of debt as well, compounding the issue. According to Seeking Alpha‘s report by Schiff Gold, we should all we wary of the government’s overspending and desire to tax more to make up for it. Just because we haven’t suffered a crisis – YET- based on this debt doesn’t mean that one isn’t coming.

On Friday, President Donald Trump declared a national emergency so he could build a wall at the southern border. Based on that declaration, the president will reallocate $6.5 billion from other government programs to fund a border wall. But the problem isn’t that we don’t have a wall, says Schiff.  The problem is we’ve already built a wall of debt.

“Of course, the real national emergency is not the lack of a wall, the failure to build a wall, but building up the national debt.” –Peter Schiff via Seeking Alpha

The United States debt surpassed the $22 trillion mark just last week and continues to rocket upward with no end in sight and this is just the very tip of the iceberg.

This is just a funded portion of the debt. This is where the US government sells a bond and somebody owns that bond.

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

Yellowstone Supervolcano Eruption Fears SPIKE As Geysers Become More Active

Yellowstone Supervolcano Eruption Fears SPIKE As Geysers Become More Active

Some of Yellowstone’s geysers have been more active lately reigniting fears that the massive supervolcano will erupt. The sudden bursts of steaming hot water highlight the dramatic nature of Yellowstone while reminding us we are all at the caldera’s mercy.

While average people seemed concerned, geologists seemed excited and thrilled when Yellowstone’s steamboat geyser began erupting again in 2018. It has been erupting as often as once a week since last March, according to National Geographic, and scientists continue to say the volatile activity is not a sign of an imminent eruption.  The Yellowstone Volcano Observatory reported that Steamboat has now set a record by erupting a whopping 32 times in 2018, a personal best for the geyser for a single calendar year.  It’s the world’s tallest active geyser, and at the best of times, it can shoot hot water 300 feet into the air. However, it isn’t just the Steamboat Geyser that has been concerning people.

Ear Spring Geyser, for example, has been almost since 1957, but it erupted spectacularly a few months back and sprayed human garbage from the 1930s all over the national park. But scientists insist this doesn’t mean an eruption is pending. “It’s a good lesson in how geysers actually work,” said Michael Poland, the scientist-in-charge at Yellowstone Volcano Observatory. “As soon as you start to recognize a pattern [in a geyser’s eruption], it changes.”

“As [far as] geysers go, Steamboat is sort of typical in terms of having these sporadic, unpredictable eruptions,” Poland notes. “But because it’s this really tall geyser and it has this name recognition, it makes it that much more interesting.” But again, it’s not just Steamboat Geyser that has people concerned.  “But back in 2007 to 2008, Giant [geyser] went bananas,” Poland says. “It erupted many, many more times than it had in the past year—and Steamboat didn’t do anything of the sort.”

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

Peter Schiff: ‘This Is The Beginning Of The End’ For The Economy

Peter Schiff: ‘This Is The Beginning Of The End’ For The Economy

Peter Schiff, the President and CEO of Euro Pacific Capital, and one of the few who predicted the 2008 Great Recession before it happened has said that what we are experiencing now is “the beginning of the end.” Schiff made his comments during his keynote speech at the Vancouver Resource Investment Conference.

The economic guru says that the Federal Reserve has made the decision to halt interest rate hikes in order to attempt to save the flailing stock market – the key indicator for far too many of how “healthy” the economy is at current. According to Seeking Alpha, the markets responded to the Fed’s decision in a positive manner, leading many to think we are “out of the woods” and no longer in danger of a recession.

However, Peter traces the moves of the Federal Reserve all the way back to the first rate hike of December 2015 and shows how the central bank has put the United States on a path toward a financial crisis that will be bigger than 2008. Peter insists he’s been right about what would happen all along, it’s just taken us a little longer to get to the actual financial disaster than he expected.

“The reason that I originally said that I did not expect the Fed to raise rates again was because I knew that raising rates was the first step in a journey that they could not finish, that in their attempt to normalize rates, the stock market bubble would burst and the economy would reenter recession.

Normalizing interest rates when you’ve created an abnormal amount of debt is impossible.

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

The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle

The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle

American farmers are battling several issues when it comes to producing our food.  Regulated low prices, tariffs, and the inability to export have all cut into the salaries of farmers.  They are officially in crisis mode, just like the United States’ food supply.

“The farm economy’s in pretty tough shape,” said John Newton, chief economist at the American Farm Bureau Federation. “When you look out on the horizon of things to come, you start to see some cracks.” Average farm income has fallen to near 15-year lows under president Donald Trump’s policies, and in some areas of the country, farm bankruptcies are soaring.  And with slightly higher interest rates, many don’t see borrowing more money as an option.  “A lot of farmers are going to give the president the benefit of the doubt, and have to date. But the longer the trade war goes on, the more that dynamic changes,” said Brian Kuehl, executive director of Farmers for Free Trade, according to Politico.

With no end to the disastrous trade war in sight, many farmers have traveled to Washington to share their plights with the president himself hoping that he’ll end the trade war that’s exacerbating an already precarious food crisis.  Farmers make up a fairly large chunk of president Trump’s base, and an unwillingness to put food production in the United States first could be detrimental for Trump reelection chances in 2020. It could also be the beginning of a catastrophic food shortage.

The Federal Reserve Bank of Minneapolis warned back in November of rising Chapter 12 bankruptcies used by family farmers to restructure massive amounts of debt. The Fed said that the strain of low commodity prices “is starting to show up not just in bottom-line profitability, but in simple viability.”

 …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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