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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…

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…

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…

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…

The Boom Turns Into A Bust – Here are 14 Signs That The U.S. Economy Is Steadily Weakening

The Boom Turns Into A Bust – Here are 14 Signs That The U.S. Economy Is Steadily Weakening

There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington.  And without a doubt that is important, because it threatens to literally rip our entire nation in two.  But meanwhile, economic activity has taken a very ominous turn.  Hiring is slowing, consumer confidence is plunging, defaults on auto loans are rapidly escalating, the “transportation recession” continues to get deeper and it appears that the housing bubble is popping.  Everywhere we turn, there are signs of economic trouble, and many are deeply concerned about what this will mean for us as we head into a pivotal election year in 2020.

Not since the last recession have we seen numbers this bad.  The “mini-boom” that we witnessed for several years has now turned into a “bust”, and very tough times are ahead.

The following are 14 signs that the U.S. economy is steadily weakening…

#1 U.S. business hiring has fallen to a 7 year low.

#2 Consumer confidence in the United States has now declined for 3 months in a row.

#3 Defaults on “subprime” auto loans are happening at the fastest pace that we have seen since 2008.

#4 The percentage of “subprime” auto loans that are at least 60 days delinquent is now higher than it was at any point during the last recession.

#5 Vacancies at U.S. shopping malls have hit the highest level since the last recession.

#6 Destination Maternity has announced that they will be closing 183 stores as the worst year for store closings in U.S. history just continues to get worse.

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

What You Think Is Controlled By What You Watch, And What You Watch Is Controlled By The Elite

What You Think Is Controlled By What You Watch, And What You Watch Is Controlled By The Elite

Why do you believe what you believe?  Some people have a really solid answer to that question, but much of the population never thinks much about deeper questions such as this.  In fact, for most Americans it is simply easier to let others do their thinking for them.  Today, most of us spend multiple hours each day absorbing information through a screen, and most of the content that is fed to us through our televisions, phones, tablets and computers is controlled by the elite.  And if you allow anyone to feed information into your mind for several hours every day, it is going to have a dramatic impact on how you view the world.

When I was younger, one of my favorite movies was “The Matrix”, and I think that it is a really good metaphor for what is going on in our society today.  In the film, nearly the entire human population was plugged into a system which continuously fed a computer-generated reality into their minds that wasn’t real at all.  Later on, I eventually came to realize that we are willingly doing the same thing to ourselves.  Our personal interactions with one another are extremely limited, but we willingly “plug in” to the enormous matrix of news, information and entertainment that the elite have constructed for many hours each day.

According to numbers that were released earlier this year, the average American spends more than three hours watching television and more than three hours on mobile devices every single day…

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

National Geographic Admits Billions Of People Will “Face Shortages Of Food And Clean Water” Over The Next 30 Years

National Geographic Admits Billions Of People Will “Face Shortages Of Food And Clean Water” Over The Next 30 Years

A lot of people out there don’t like when I write these kinds of articles, because they directly contradict the false narrative that humanity has an extremely bright future ahead.  Sadly, the truth is that our planet and everything that lives on it is rapidly deteriorating.  And I am not talking about the false environmentalism being pushed by the mainstream media, Greta Thunberg and countless well-funded NGOs.  What I am talking about is the stuff that is happening right in our face.  We are systematically poisoning our planet, thousands upon thousands of species are going extinct, and we are literally running out of all of our most important natural resources.  There isn’t going to be enough of anything in the not too distant future.  In fact, even National Geographic is admitting that up to five billion people could soon be facing “shortages of food and clean water”…

As many as five billion people, particularly in Africa and South Asia, are likely to face shortages of food and clean water in the coming decades as nature declines. Hundreds of millions more could be vulnerable to increased risks of severe coastal storms, according to the first-ever model examining how nature and humans can survive together.

“I hope no one is shocked that billions of people could be impacted by 2050,” says Rebecca Chaplin-Kramer a landscape ecologist at Stanford University. “We know we are dependent on nature for many things,” says Chaplin-Kramer, lead author of the paper “Global Modeling Of Nature’s Contributions To People” published in Science.

The clock is literally ticking for humanity, but meanwhile we spend immense amounts of energy on relatively meaningless political squabbles.

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

An “All-Out Blizzard” That Is “Unheard Of For October” Is About To Hit Farms In The Midwest With Up To 2 Feet Of Snow

An “All-Out Blizzard” That Is “Unheard Of For October” Is About To Hit Farms In The Midwest With Up To 2 Feet Of Snow

Farmers in the middle of the country are about to get hit by what could potentially be the worst October blizzard in U.S. history.  According to USA Today“the massive size and intensity of this snowstorm is unheard of for October”.  In other words, we have never seen anything like this in the month of October ever before.  Such a storm would have been disastrous enough in a normal year, but this has definitely not been a normal year for Midwest farmers.  As I detailed extensively in previous articles, endless rain and horrific flooding made planting season a complete and utter nightmare for many Midwest farmers this year.  Millions of acres did not get planted at all, and planting was seriously delayed on tens of millions of other acres.  As a result, corn, soybeans and other crops are simply not ready to be harvested in many parts of the Midwest, and now an unprecedented winter storm is barreling directly toward our heartland.

This is a very, very serious situation.  Normally, most corn in the Dakotas and Minnesota is considered to be “mature” by now, but this year we are facing a completely different scenario.

According to the latest USDA Crop Progress Report, only 22 percent of the corn in North Dakota is considered to be “mature” at this point…

Many farmers continue to wait on the sidelines to get into the fields. With freezing temperatures, heavy snowfall, and high winds set to hit the northern Plains this week, the corn in North Dakota is only 22% mature vs. a 75% five-year average, according to Monday’s USDA Crop Progress Report.

Also, South Dakota corn is rated 36% mature vs. an 80% five-year average. Minnesota farmers have a corn crop that is just 39% mature vs. an 83% five-year average.

 …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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