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<title>The Economic Collapse</title>
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<description>Are You Prepared For The Coming Economic Collapse And The Next Great Depression?</description>
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<title>Why Has The Vatican Chosen This Precise Moment To Drop Bombshells About UFOs, Aliens And “Apparitions”?</title>
<link>http://theeconomiccollapseblog.com/why-has-the-vatican-chosen-this-precise-moment-to-drop-bombshells-about-ufos-aliens-and-apparitions/</link>
<pubDate>Thu, 16 May 2024 21:33:09 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[Money]]></category>
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<description><![CDATA[For centuries, the Vatican has been carefully guarding their most precious secrets. In recent years, that has been especially true regarding what they know about UFOs, aliens and the mysteries of the universe. So why have they chosen this exact moment in history to publicly talk about these things? The press conference at the Vatican ... <a title="Why Has The Vatican Chosen This Precise Moment To Drop Bombshells About UFOs, Aliens And “Apparitions”?" class="read-more" href="http://theeconomiccollapseblog.com/why-has-the-vatican-chosen-this-precise-moment-to-drop-bombshells-about-ufos-aliens-and-apparitions/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/why-has-the-vatican-chosen-this-precise-moment-to-drop-bombshells-about-ufos-aliens-and-apparitions/">Why Has The Vatican Chosen This Precise Moment To Drop Bombshells About UFOs, Aliens And “Apparitions”?</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
]]></description>
<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/why-has-the-vatican-chosen-this-precise-moment-to-drop-bombshells-about-ufos-aliens-and-apparitions/aliens-and-ufos-pixabay/#main" rel="attachment wp-att-22679"><img class="aligncenter size-large wp-image-22679" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Aliens-And-UFOs-Pixabay-560x373.jpg" alt="" width="560" height="373" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Aliens-And-UFOs-Pixabay-560x373.jpg 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Aliens-And-UFOs-Pixabay-300x200.jpg 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Aliens-And-UFOs-Pixabay-768x512.jpg 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Aliens-And-UFOs-Pixabay.jpg 1280w" sizes="(max-width: 560px) 100vw, 560px" /></a>For centuries, the Vatican has been carefully guarding their most precious secrets. In recent years, that has been especially true regarding what they know about UFOs, aliens and the mysteries of the universe. So why have they chosen this exact moment in history to publicly talk about these things? The press conference at the Vatican on Thursday is the very first time that the Vatican has held a press conference about UFOs, aliens and “apparitions” since 1978. So this is a really big deal. It is <a href="https://www.dailystar.co.uk/news/world-news/pope-aliens-supernatural-phenomena-everyones-32822897">being reported</a> that the Vatican has decided to issue new guidelines “on aliens and how it will deal with potential encounters in the future”…
<blockquote>The Vatican has announced that it is set to hold a press conference on “supernatural phenomena” tomorrow, and it will touch on aliens and how it will deal with potential encounters in the future.
According to a notice on the Vatican’s website, it will kick of at noon tomorrow, and will feature three prominent Vatican members.
Being held to “present the new provisions of the Dicastery for the Doctrine of the Faith for discerning between apparitions and other supernatural phenomena,” it will be led by Cardinal Victor Manuel Fernandex, Messenger Armando Matteo and Daniela Del Gaudio.</blockquote>
If the Vatican feels a need to issue guidelines about how to “deal with potential encounters in the future”, that seems to imply that they believe that there will be “potential encounters in the future”.
What do they know that they aren’t telling us?
Probably a lot.
The last time that the Vatican did something like this was <a href="https://www.ncronline.org/vatican/vatican-news/vatican-publish-updated-norms-investigating-alleged-apparitions">all the way back in February 1978</a>…
<blockquote>The last time the Vatican’s doctrinal office issued norms for evaluating alleged apparitions and reports of supernatural events was in February 1978.
At the time, the prefect, Cardinal Franjo Seper, said the norms were necessary given how news of alleged apparitions spreads rapidly thanks to the mass media.</blockquote>
What has changed between then and now?
One thing that has changed is that the current pope seems to be quite interested in the topic of aliens.
In comments that he made <a href="https://www.dailystar.co.uk/news/world-news/pope-aliens-supernatural-phenomena-everyones-32822897">near the end of 2023</a>, Pope Francis seemed to suggest that aliens could actually be baptized…
<blockquote>However, Pope Francis did touch on aliens at the end of last year, when he was talking about how early Christians discussed associating with “Jews and Gentiles” – which, for some reason, he compared to aliens.
He said: “That was unthinkable. If, for example, tomorrow an expedition of Martians came, and some of them came to us, here…Martians, right? Green, with that long nose and big ears, just like children paint them…And one says, ‘But I want to be baptized!’ What would happen?”
He didn’t answer his own question, but added: “It was never the ministry of the closed door, never,”</blockquote>
So he plans to have an “open door” for the aliens?
What would that look like?
The producer of a new documentary entitled “God Versus Aliens” seems to believe that the Vatican wants to prepare us for the day <a href="https://uk.movies.yahoo.com/movies/god-versus-aliens-premiere-cannes-140000861.html?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAANiy7Z-ppHdBVYcvFS-uFCx6giJSkDgoaya83RRa7vmJIKvnTv-H6XwY2SiAIXii0mQqkNCRU2XYiyFVoVLILuWnYmAWp5sVxDHIxVQqY8mi_XM17YaUiwo19G0uEszMCwBrEAKOGjdcCRBbJrANK1i5V8daEyvF2-mZFYMs3HEK">when humanity finally makes contact with such beings</a>…
<blockquote>The documentary ‘God Versus Aliens’ is to premiere at the Cannes Film Festival and reveal the Vatican’s secrets about UFOs.
The award-winning filmmaker Mark Christopher Lee says that the Vatican publishing new guidance on apparitions means that the full disclosure about the UFO phenomena is getting closer.
He said: “The Vatican has been studying UFOs for decades and even has its own Cardinal appointed to deal with first contact. From my research I believe that this new guidance on apparitions is proof that they know that UFOs are more than just physical crafts from other worlds and that they have a paranormal side to them.”</blockquote>
What most people don’t realize is that the Vatican has been on the cutting edge of the search for extraterrestrial life for a long time.
The Vatican Observatory in Rome is very well funded, and the Vatican also has a <a href="https://answersingenesis.org/astronomy/does-vatican-have-telescope-called-lucifer/">“research group”</a> that uses the very high-powered equipment at the University of Arizona in Tucson…
<blockquote>Many people are surprised to learn that the Vatican even has an observatory. The history of the Vatican Observatory goes back two and a half centuries. During its history, there has been some turmoil and several moves to escape the light and other hindrances that large cities, such as Rome, pose to doing astronomy. Therefore, more than a half-century ago the Vatican Observatory established a research group at the Steward Observatory of the University of Arizona in Tucson, while the Vatican Observatory’s headquarters remained in Italy.</blockquote>
Needless to say, the Vatican isn’t going to tell us everything that they know right now.
But a couple of things have become quite clear.
Number one, the Vatican believes that extraterrestrial life exists.
Number two, the Vatican plans to develop a positive relationship with any “aliens” that do make contact with humanity.
Could all of this be setting us up for a great deception of absolutely epic proportions?
While he was still alive, author Tom Horn <a href="https://www.khouse.org/personal_update/articles/2013/vaticans-savior">made the following observation</a>…
<blockquote>Why the Vatican has taken this carefully designed and deliberate course over the last few years is the greater mystery, but implies knowledge on their part of facts yet hidden to most of the world that may hold far-reaching and historic implications. It also illustrates how Rome has wittingly or unwittingly set itself up to become the agent of mass end-times deception regarding “salvation from above.” That’s because, historically, there exists a clear pattern wherein man’s psychological need of a savior is displayed during times of distress—a time like today—when people look skyward for divine intervention.</blockquote>
It is true.
When things get bad enough, the world is going to be looking for a savior.
And if a “superior race” appears on the scene that seems to have all the answers, many people out there will fully embrace them.
For decades, books, movies and television shows have conditioned us to expect that someday we will interact with “aliens” from another planet. 100 years ago, everyone would have dismissed such talk as nonsense, but now we have been well prepared <a href="https://www.amazon.com/dp/B0CM6S4V9V">for the great deception that is eventually coming</a>.
Sadly, the Vatican seems to be quite ready to welcome “aliens” as their new best friends, and that is extremely unfortunate.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can subscribe to his Substack newsletter at <a href="https://michaeltsnyder.substack.com/">michaeltsnyder.substack.com</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/why-has-the-vatican-chosen-this-precise-moment-to-drop-bombshells-about-ufos-aliens-and-apparitions/">Why Has The Vatican Chosen This Precise Moment To Drop Bombshells About UFOs, Aliens And “Apparitions”?</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
]]></content:encoded>
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<item>
<title>Tens Of Millions Of Americans Are “Trapped” In An Endless Cycle Of Debt That Is Sucking The Life Out Of Them Financially</title>
<link>http://theeconomiccollapseblog.com/tens-of-millions-of-americans-are-trapped-in-an-endless-cycle-of-debt-that-is-sucking-the-life-out-of-them-financially/</link>
<pubDate>Wed, 15 May 2024 20:18:41 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[The Economy]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22671</guid>
<description><![CDATA[Did you know that U.S. households are 17,690,000,000,000 dollars in debt? Of course household debt is only one part of a much larger story. The federal government is 34 trillion dollars in debt, state and local governments are absolutely drowning in debt and unfunded liabilities, and corporate debt is at an all-time high. As a ... <a title="Tens Of Millions Of Americans Are “Trapped” In An Endless Cycle Of Debt That Is Sucking The Life Out Of Them Financially" class="read-more" href="http://theeconomiccollapseblog.com/tens-of-millions-of-americans-are-trapped-in-an-endless-cycle-of-debt-that-is-sucking-the-life-out-of-them-financially/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/tens-of-millions-of-americans-are-trapped-in-an-endless-cycle-of-debt-that-is-sucking-the-life-out-of-them-financially/">Tens Of Millions Of Americans Are “Trapped” In An Endless Cycle Of Debt That Is Sucking The Life Out Of Them Financially</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
]]></description>
<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/tens-of-millions-of-americans-are-trapped-in-an-endless-cycle-of-debt-that-is-sucking-the-life-out-of-them-financially/snip20240515_40/#main" rel="attachment wp-att-22673"><img class="aligncenter size-large wp-image-22673" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240515_40-560x394.png" alt="" width="560" height="394" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240515_40-560x394.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240515_40-300x211.png 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240515_40-768x541.png 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240515_40.png 844w" sizes="(max-width: 560px) 100vw, 560px" /></a>Did you know that U.S. households are 17,690,000,000,000 dollars in debt? Of course household debt is only one part of a much larger story. The federal government is 34 trillion dollars in debt, state and local governments are absolutely drowning in debt and unfunded liabilities, and corporate debt is at an all-time high. As a society, we are on the greatest debt binge in the history of the world, and it just gets worse every single year. Previous generations handed us an economy that provided us with an incredibly high standard of living, but we always had to have more. So we have been borrowing and spending <a href="http://theeconomiccollapseblog.com/out-of-control-inflation-it-now-takes-at-least-177798-for-a-family-of-4-to-live-comfortably-in-the-u-s/">with no end in sight</a>, and now our day of reckoning is fast approaching.
According to the New York Fed, U.S. household debt surged <a href="https://www.foxbusiness.com/economy/americans-are-carrying-record-amount-household-debt">to another record high</a> during the first quarter of this year…
<blockquote>In the first three months of 2024, total household debt surged to a fresh record of $17.69 trillion, an increase of $184 billion, or 1.1% from the previous quarter. The increase mostly stemmed from a jump in mortgage balances, which rose $190 billion from the previous quarter to $12.44 trillion at the end of March.</blockquote>
If we could handle all that debt, there wouldn’t be much cause for alarm.
Unfortunately, delinquency rates are rising.
In fact, the proportion of credit card balances in serious delinquency has risen to the highest level <a href="https://www.foxbusiness.com/economy/credit-card-delinquencies-are-surging">since 2012</a>…
<blockquote>A growing number of Americans are falling behind on their monthly credit card payments as they continue to battle high inflation and interest rates, according to New York Federal Reserve data published Tuesday.
Credit card delinquencies, which have already surpassed their pre-pandemic levels, continued to rise in the three-month period from January to March.
The flow of credit card debt moving into delinquency hit 8.9% in the first quarter at an annualized rate, compared with an 8.5% rate the previous quarter and 5.87% at the end of 2023. In fact, the percentage of credit card balances in serious delinquency climbed to its highest level since 2012.</blockquote>
In 2012, we were just coming out of the Great Recession.
Now a new economic crisis has begun, and millions of U.S. households are teetering on the brink of financial disaster.
If you use credit cards, it is so important to pay them off in full every month.
Unfortunately, <a href="https://www.npr.org/2024/05/14/1251295805/credit-cards-debt-inflation">approximately 44 percent</a> of all cardholders do not do that…
<blockquote>Overall credit card balances totaled $1.115 trillion in the first quarter of the year, $129 billion more than last year. For card users who pay their balance in full every month, that’s not a problem. But according to Bankrate, roughly 44% of borrowers carry credit card debt over from month to month.</blockquote>
It has always been financial suicide to carry credit card balances from month to month, and that is especially true today because interest rates <a href="https://www.foxbusiness.com/economy/credit-card-delinquencies-are-surging">are so ridiculously high</a>…
<blockquote>The rise in credit card usage and debt is particularly concerning because interest rates are astronomically high. The average credit card annual percentage rate, or APR, hit a new record of 20.72% last week, according to a Bankrate database that dates to 1985. The previous record was 19% in July 1991.
If people are carrying debt to compensate for steeper prices, they could end up paying more for items in the long run. For instance, if you owe $5,000 in debt, which Americans do on average, current APR levels would mean it would take about 279 months and $8,124 in interest to pay off the debt making the minimum payments.</blockquote>
I always encourage my readers to pay off high interest debt as soon as possible.
If you have credit card debt, eliminating it should be your number one financial goal.
Sadly, the New York Fed’s new report tells us that an increasing number of Americans are getting behind <a href="https://www.zerohedge.com/economics/record-household-debt-jump-delinquencies-signal-worsening-financial-distress-fed-warns">on their credit cards and their auto loans</a>…
<blockquote>The Fed’s report showed 6.9% of credit card debt transitioned to serious delinquency last quarter, up from 4.6% a year ago. And for credit card holders aged 18–29, 9.9% of balances were in serious delinquency.
Auto loan delinquencies are also higher as the average monthly car payment jumped to $738 in 2023. Close to 2.8% of auto loans are now 90 or more days delinquent — that equates to more than 3 million cars. Auto loans are the second-largest debt category following mortgage debt, with $1.62 trillion outstanding.</blockquote>
Tens of millions of U.S. households have severely overextended themselves financially.
When you get to a point where you are so far in debt that you can barely make the minimum payments, it can feel like you are <a href="https://www.foxbusiness.com/media/poorer-americans-beg-fed-cut-interest-rates-soaring-prices-were-trapped">“trapped”</a> with no way out…
<blockquote>High interest rates are pushing low- and moderate-income Americans who have fallen behind on credit card payments and auto loans to the brink, according to a new report.
“It’s crazy,” 43-year-old Army veteran Ora Dorsey told The New York Times. “It does make it hard to get out of debt. It seems like you’re only paying the interest.”
“We don’t have the credit to be able to buy a house, and we have a bunch of debt, either student loans or credit card debt,” 31-year-old Chris Nunn, who drives for the DoorDash delivery app, told the Times. “So we’re trapped.”
Dorsey told the outlet she has been trying to cut down debts accrued following various health issues for years. She is working three jobs to cut down her substantial debt.</blockquote>
Today, Americans are <a href="http://theeconomiccollapseblog.com/pessimism-about-the-u-s-economy-is-going-to-have-an-absolutely-massive-impact-on-the-outcome-of-the-election-in-november/">more pessimistic about the economy</a> than they have been in a very long time.
It can be absolutely soul crushing to work as hard as you possibly can and still not have enough money for all the bills.
If you are feeling a tremendous amount of stress about your finances, you are certainly not alone.
According <a href="https://www.foxbusiness.com/economy/nearly-half-americans-say-finances-taking-toll-their-mental-health">to one recent survey</a>, approximately half of the entire population is struggling with mental health issues due to financial stress…
<blockquote>About half of U.S. adults are struggling with their mental health because of their financial situation.
Forty-seven percent of adults say concerns about money have, at least occasionally, caused anxiety, stress, worrisome thoughts, loss of sleep, depression or other effects, according to Bankrate’s latest Money and Mental Health Survey.
About 65% of them say their biggest concern is inflation and rising prices, and nearly 60% say their stress derives from paying for everyday expenses such as groceries and utilities. About 56% say they are worried about having enough emergency savings, and 47% are most concerned about being in debt, according to the survey.</blockquote>
After seeing numbers like that, how in the world can anyone possibly claim that the U.S. economy is in good shape?
The level of economic pain that we are already witnessing is absolutely staggering, and conditions are only going to get worse <a href="https://www.amazon.com/dp/B0CM4ZB9TW">during the chaotic months and years that are ahead of us</a>.
But even though our leaders continue to make incredibly reckless decision after incredibly reckless decision, many people out there continue to be convinced that everything is going to work out just fine somehow.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/tens-of-millions-of-americans-are-trapped-in-an-endless-cycle-of-debt-that-is-sucking-the-life-out-of-them-financially/">Tens Of Millions Of Americans Are “Trapped” In An Endless Cycle Of Debt That Is Sucking The Life Out Of Them Financially</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<title>Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The U.S.</title>
<link>http://theeconomiccollapseblog.com/out-of-control-inflation-it-now-takes-at-least-177798-for-a-family-of-4-to-live-comfortably-in-the-u-s/</link>
<pubDate>Tue, 14 May 2024 20:20:20 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[The Economy]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22666</guid>
<description><![CDATA[I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United States. Unfortunately, that day has arrived. Our leaders have been pursuing highly inflationary policies for many years, and now we have reached a point where inflation is wildly out of ... <a title="Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The U.S." class="read-more" href="http://theeconomiccollapseblog.com/out-of-control-inflation-it-now-takes-at-least-177798-for-a-family-of-4-to-live-comfortably-in-the-u-s/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/out-of-control-inflation-it-now-takes-at-least-177798-for-a-family-of-4-to-live-comfortably-in-the-u-s/">Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The U.S.</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
]]></description>
<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/out-of-control-inflation-it-now-takes-at-least-177798-for-a-family-of-4-to-live-comfortably-in-the-u-s/wealthy-pixabay/#main" rel="attachment wp-att-22668"><img class="aligncenter size-large wp-image-22668" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Wealthy-Pixabay-560x560.jpg" alt="" width="560" height="560" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Wealthy-Pixabay-560x560.jpg 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Wealthy-Pixabay-300x300.jpg 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Wealthy-Pixabay-768x768.jpg 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Wealthy-Pixabay.jpg 1280w" sizes="(max-width: 560px) 100vw, 560px" /></a>I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United States. Unfortunately, that day has arrived. Our leaders have been pursuing highly inflationary policies <a href="http://theeconomiccollapseblog.com/generation-z-is-furious-about-what-has-happened-to-the-economy-and-they-are-blaming-previous-generations-for-wrecking-it/">for many years</a>, and now we have reached a point where inflation is wildly out of control. In fact, the latest wholesale inflation figure that was released on Tuesday came in much higher than expected. Sadly, this is <a href="https://www.amazon.com/dp/B0CM4ZB9TW">just the beginning</a> and we are in far more trouble than most people realize.
According to <a href="https://www.dailymail.co.uk/yourmoney/article-13412857/income-family-live-comfortably-state.html">an incredibly shocking new study</a>, most Americans do not make enough money to “live comfortably” in the highly inflationary environment that we find ourselves in today…
<blockquote>A recent study has revealed the incomes needed for families to live comfortably across the United States – and the stark contrast in the cost of living between states is startling.
The study revealed that in the most expensive states, families need nearly $300,000 to simply live ‘comfortably.’
The least expensive state requires about half that salary – still over $100,000.
Meanwhile, the average annual salary in the US is $59,428, or $28.34 per hour, as of May 2024.</blockquote>
The study determined that Massachusetts is the most expensive state.
It takes a whopping <a href="https://www.dailymail.co.uk/yourmoney/article-13412857/income-family-live-comfortably-state.html">$301,184 a year</a> for a family of four to “live comfortably” there.
The least expensive state is Mississippi.
In the Magnolia State, it only takes <a href="https://www.dailymail.co.uk/yourmoney/article-13412857/income-family-live-comfortably-state.html">$177,798 a year</a> for a family of four “to cover their expenses and maintain a satisfactory quality of life”.
This is our country now.
I feel like I have been banging my head into a wall. For more than a decade I have warned that this would happen, and now it is here.
And even more inflation <a href="https://www.cnn.com/2024/05/14/economy/ppi-wholesale-inflation-april/index.html">is on the way</a>…
<blockquote>Americans already contending with persistent and stubbornly high inflation just got more unwelcome news on Tuesday: There are more price hikes likely coming down the pike.
Wholesale inflation picked up in April to its highest rate in a year, according to Bureau of Labor Statistics data released Tuesday.</blockquote>
In April, inflation at the wholesale level <a href="https://www.foxbusiness.com/economy/ppi-wholesale-inflation-april-2024">jumped 0.5 percent</a> in just one month…
<blockquote>Inflation at the wholesale level rose much more than expected in April, the latest sign that price pressures within the economy remain elevated and difficult to tame.
The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.5% in April from the previous month.</blockquote>
If you multiply that figure by 12 months, you get 6 percent.
And of course you need to approximately double any number that the Biden administration gives us in order to come up with a figure that is anywhere close to accurate.
By now, just about everyone realizes that the rate of inflation in this country is massively understated.
For example, Joe Biden insists that the rate of inflation has been “low” for quite some time, but home prices have risen <a href="https://www.foxbusiness.com/economy/us-home-prices-have-surged-47-since-start-2020">by more than 47 percent</a> since the start of this decade…
<blockquote>Home prices have surged 47.1% since the start of 2020, easily outstripping the gains seen in recent decades.
That’s according to a recent analysis by ResiClub of the Case-Shiller National Home Price Index, which showed that house prices in the 1990s and 2010s grew a respective 30.1% and 44.7%.</blockquote>
Let’s all be honest with one another.
The truth is that we are in the midst of a raging cost of living crisis that has no end in sight.
And this should not surprise any of us. Our politicians continue to borrow and spend <a href="https://www.telegraph.co.uk/us/comment/2024/05/14/america-national-debt-deficit-biden-spending/">trillions upon trillions of dollars</a>, and all of this borrowing and spending is extremely inflationary…
<blockquote>An economic specter haunts America. It’s also one that many American politicians – Republican and Democrat – say a great deal about but are reluctant to address.
The name of that shadow is the United States National Debt: what the US Treasury Department defines as “the amount of money the Federal Government has borrowed to cover the outstanding balance of expenses incurred over time.”
If you go to the Treasury’s website, you can see just how big that debt is. In mid-May, it was 34.5 trillion dollars. The pace of the growth in that debt is equally stunning. Approximately 1 trillion dollars is being added to America’s National Debt every 100 days.</blockquote>
Borrowing and spending another trillion dollars every 100 days is a completely and utterly insane thing to do.
We really are in the endgame.
Today, Fed Chair Jerome Powell warned that interest rates may have to stay high <a href="https://www.usatoday.com/story/money/2024/05/14/powell-interest-rates-higher-longer/73683558007/">for an extended period of time</a> in order to fight inflation…
<blockquote>Federal Reserve Chair Jerome Powell said Tuesday that “it may take longer than expected” for high interest rates to lower inflation and gave no hint that a recently slowing labor market could mean earlier rate cuts.
“We’ll need to be patient and let restrictive policy do its work,” Powell said during a session at a Foreign Bankers Association meeting in Amsterdam. “It may be that (high interest rates) take longer than expected to do its work and bring inflation down.”</blockquote>
So far, higher rates have not solved our cost of living crisis, and that is because our politicians continue to spend money like drunken sailors.
But higher rates are crushing the overall economy.
Yesterday, I wrote about the <a href="http://theeconomiccollapseblog.com/a-restaurant-apocalypse-is-starting-to-sweep-across-america-and-that-is-really-bad-news-for-the-u-s-economy/">“restaurant apocalypse”</a> that is starting to sweep across America.
Today, it got even worse.
We just learned that <a href="https://www.cnbc.com/2024/05/14/red-lobster-closing-at-least-99-locations-as-its-future-comes-into-question.html">at least 99 Red Lobster locations</a> have been shut down and will be auctioned off…
<blockquote>At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future.
In a post Monday on LinkedIn, Neal Sherman, founder and CEO of TAGeX Brands, a liquidation firm, announced he was leading the closure of more than 50 Red Lobster locations, with the restaurants’ equipment to be auctioned off.
A web page dedicated to the liquidations showed closure locations across the U.S. including in Denver; Indianapolis; Rochester, New York; Sacramento, California; San Antonio; and San Diego.
On Tuesday, Restaurant Business Magazine reported 99 locations were closing.</blockquote>
For the Red Lobster workers that just lost their jobs, the end came <a href="https://www.dailymail.co.uk/news/article-13415789/workers-fury-thousands-lose-red-lobster-jobs-shut-outlets-without-warning.html">very suddenly</a>…
<blockquote>A third Red Lobster employee took the news in stride, posting: ‘red lobster just laid all of us off without notice and closed for good LMAOO.’
The employee added in replied that Red Lobster didn’t tell managers until 8am yesterday.</blockquote>
Of course it isn’t just restaurant chains that are closing locations.
In fact, <a href="https://www.dailymail.co.uk/news/article-13417301/walmart-store-auction-closing-flat-screen-tvs-laptops.html">even Walmart</a> is closing stores and auctioning off inventory…
<blockquote>After announcing that it would be shutting its doors for good, one Ohio Walmart auctioned off its remaining inventory, including flat-screen televisions, laptops and furniture, for a bargain.
The Walmart at 3579 S. High St. in Columbus opted not to renew its lease in a once-bustling strip plaza. Representatives announced the closure in February, claiming the store had failed to ‘meet financial expectations’.
Last week, the store offloaded its merchandise through a liquidation auction. Bidding closed the morning of May 10, with some items like laptops going for under $20.</blockquote>
If interest rates stay high, we are going to see a lot more of this sort of thing.
But the Federal Reserve is very hesitant to cut rates at this point because of the cost of living crisis.
Officials at the Fed really are caught in a <a href="http://theeconomiccollapseblog.com/our-deer-in-the-headlights-moment-the-worst-market-crash-since-1929-is-rapidly-approaching-and-the-fed-doesnt-know-which-way-to-go/">“deer in the headlights”</a> moment right now.
But no matter which way they ultimately choose to go, in the short-term more “stagflation” is ahead.
And in the long-term, the exceedingly foolish policies that our leaders have been pursuing are going to result in a systemic collapse of absolutely epic proportions.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on <a title="YouTube" href="https://www.youtube.com/channel/UCxiWTcd1PltIJcnFIoH0k4A" target="_blank" rel="noopener noreferrer">YouTube</a>, <a title="Facebook" href="https://www.facebook.com/michael.snyder.5076" target="_blank" rel="noopener noreferrer">Facebook</a> and <a title="Twitter" href="https://twitter.com/Revelation1217" target="_blank" rel="noopener noreferrer">Twitter</a>, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/out-of-control-inflation-it-now-takes-at-least-177798-for-a-family-of-4-to-live-comfortably-in-the-u-s/">Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The U.S.</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<title>A “Restaurant Apocalypse” Is Starting To Sweep Across America, And That Is Really Bad News For The U.S. Economy</title>
<link>http://theeconomiccollapseblog.com/a-restaurant-apocalypse-is-starting-to-sweep-across-america-and-that-is-really-bad-news-for-the-u-s-economy/</link>
<pubDate>Mon, 13 May 2024 20:12:47 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[The Economy]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22661</guid>
<description><![CDATA[You can get a really good idea how the U.S. economy is doing by watching restaurants in your area. When the economy is booming, restaurant parking lots are full and chains are feverishly establishing new locations. But when the economy is struggling, restaurants get a lot less traffic and poor performing locations get shut down. ... <a title="A “Restaurant Apocalypse” Is Starting To Sweep Across America, And That Is Really Bad News For The U.S. Economy" class="read-more" href="http://theeconomiccollapseblog.com/a-restaurant-apocalypse-is-starting-to-sweep-across-america-and-that-is-really-bad-news-for-the-u-s-economy/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/a-restaurant-apocalypse-is-starting-to-sweep-across-america-and-that-is-really-bad-news-for-the-u-s-economy/">A “Restaurant Apocalypse” Is Starting To Sweep Across America, And That Is Really Bad News For The U.S. Economy</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
]]></description>
<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/a-restaurant-apocalypse-is-starting-to-sweep-across-america-and-that-is-really-bad-news-for-the-u-s-economy/empty-restaurant-pixabay/#main" rel="attachment wp-att-22663"><img class="aligncenter size-large wp-image-22663" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Empty-Restaurant-Pixabay-560x314.jpg" alt="" width="560" height="314" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Empty-Restaurant-Pixabay-560x314.jpg 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Empty-Restaurant-Pixabay-300x168.jpg 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Empty-Restaurant-Pixabay-768x430.jpg 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Empty-Restaurant-Pixabay.jpg 1280w" sizes="(max-width: 560px) 100vw, 560px" /></a>You can get a really good idea how the U.S. economy is doing by watching restaurants in your area. When the economy is booming, restaurant parking lots are full and chains are feverishly establishing new locations. But when the economy is struggling, restaurants get a lot less traffic and poor performing locations get shut down. Sadly, in 2024 it appears that a “restaurant apocalypse” has started to sweep across America. Most people have very little discretionary income to spend as a result of our cost of living crisis, and <a href="http://theeconomiccollapseblog.com/generation-z-is-furious-about-what-has-happened-to-the-economy-and-they-are-blaming-previous-generations-for-wrecking-it/">that is particularly true for our young adults</a>. Americans under the age of 40 love to eat out, but these days most of them are experiencing financial stress, and this is having an enormous impact on the restaurant industry.
In 2023, visits to sit-down restaurants dropped <a href="https://www.dailymail.co.uk/news/article-13396529/america-restaurant-closures-midwest-iowa.html">by about five percent</a> compared to 2022…
<blockquote>Americans are eating out less as inflation weakens the dollars in their pocket, which is leading to some harsh consequences for restaurants across the country.
Visits to sit-down restaurants were down nearly five percent in 2023 from the year prior, according to location analytics firm Placer.ai.</blockquote>
So this is a trend that has stretched on for over a year.
People just aren’t eating out as much as they once did.
As a result, we are seeing a wave of closures all over the country. Even in the Big Apple, large numbers of restaurants <a href="https://www.dailymail.co.uk/news/article-13396529/america-restaurant-closures-midwest-iowa.html">are being shut down</a>…
<blockquote>Even big metropolitan areas in the US known for their great dining spots are struggling to maintain an environment where it’s profitable to run a restaurant.
Eater NY reported that over 40 bars and restaurants closed in New York City from December 2023 to January 2024, with some of the owners saying business simply never picked up after the COVID lockdowns in 2020.</blockquote>
When times get tough, difficult decisions need to be made.
After closing 46 restaurants last year, Applebee’s has decided to close another 35 locations <a href="https://www.dailymail.co.uk/yourmoney/consumer/article-13396509/applebees-close-35-locations-2024.html">this year</a>…
<blockquote>Applebee’s is to close another 35 further locations this year, after shutting 46 in 2023.
The restaurant chain has shut at least three locations so far this year and has plans to close even more, president Tony Moralejo said in an earnings call on Wednesday.
Closing restaurants was ‘an incredibly difficult decision’ and a ‘last resort’ for the company, Moralejo said.</blockquote>
And I am very saddened by what has happened to Boston Market.
At one time they had almost 1,000 locations all over the United States, but now the entire chain <a href="https://www.thestreet.com/restaurants/bankrupt-fast-food-chain-closer-to-death-as-more-locations-close">is about to go belly up</a>…
<blockquote>In the case of Boston Market, a chain that once had nearly 1,000 locations nationwide, the company’s death has been slow, but the pace of its demise has picked up over the past few months.
Now, with its store count continuing to dip, the chain seems to have reached the end even if it won’t confirm that given that there no longer appears to be anyone around to make that decision.
Boston Market owner Jignesh “Jay” Pandya was recently denied Chapter 11 bankruptcy for the second time and has been barred from filing again for six months. That leaves his company, which faces massive financial obligations, unable to gain court protection from its creditors.</blockquote>
Our ongoing inflation crisis is the primary reason why this is happening.
Consumers simply have a lot less discretionary income now.
Meanwhile, restaurants are facing <a href="https://www.dailymail.co.uk/news/article-13396529/america-restaurant-closures-midwest-iowa.html">much higher costs</a>…
<blockquote>Jessica Dunker, the president and CEO of the Iowa Restaurant Association, said the reason restaurants are shuttering is because the cost of goods is up 30 percent and they are having to shell out higher wages to keep staff on.</blockquote>
Unfortunately, things aren’t going to get any better any time soon.
For example, the cost of orange juice is expected to go up dramatically because of <a href="https://www.zerohedge.com/commodities/orange-juice-prices-primed-breakout-after-forecast-warns-brazil-set-worst-harvest">a very bad harvest in Brazil</a>…
<blockquote>Breakfast lovers are in for another jolt as orange juice prices surge to near-record levels. A new report released on Friday indicates that Brazil, the leading global exporter of OJ, is facing its worst harvest in over three decades. This alarming development compounds existing issues in Florida’s citrus groves, which have been plagued by disease and are experiencing <a href="https://www.zerohedge.com/commodities/us-orange-juice-supplies-crash-1968-low-supermarket-prices-hit-record-high">collapsing production</a> levels to the lowest in decades.
<a href="https://www.fundecitrus.com.br/pdf/pes_relatorios/2024_05_10_Estimativa_do_Cinturao_Citricola_2024-2025.pdf">Fundecitrus</a> wrote in a note that Brazil will produce 232.4 million boxes—each weighing about 90 pounds—for the growing season this year. That’s a 24% collapse from a year earlier and the lowest production levels in 36 years.</blockquote>
We have reached a point where the vast majority of Americans just can’t afford to eat out on a regular basis.
Needless to say, that is really bad news for fast food chains like McDonald’s.
At one time, serving middle class families was their core business.
But now most middle class families just can’t afford to eat at McDonald’s very often.
In a desperate attempt to lure them back, McDonald’s will soon introduce <a href="https://www.businessinsider.com/mcdonalds-5-dollar-meal-promotion-inflation-cheaper-burger-chicken-fries-2024-5">a five dollar meal deal</a>…
<blockquote>McDonald’s is looking to launch a $5 meal in the US in a move to bring back price-sensitive customers.
The meal includes four items, people familiar with the matter told Bloomberg and Restaurant Business. Customers would choose between two of the chain’s signature burgers — a McChicken or a McDouble — and get four-piece McNuggets, fries, and a drink. The $5 promotion would last for a month, Bloomberg reported.</blockquote>
So they are going to bring back affordable food for one month.
That’s just great.
Unless they make the five dollar meal deal permanent, I don’t expect that it will make much of a difference.
Consumers are really hurting right now. In fact, consumer sentiment just fell <a href="https://www.cnn.com/2024/05/10/economy/us-consumer-sentiment-plunges/index.html">to the lowest level in six months</a>…
<blockquote>Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday.
Additionally, consumers are bracing for even higher price increases in the year ahead compared to readings from prior months, the survey found.
The gauge, which is closely tracked by the Biden administration, plunged 13% from April’s 77.2% reading, to 67.4%. That’s the biggest one-month drop since mid-2021. Economists polled by FactSet were expecting consumer expectations to fall to just 76.9%.</blockquote>
As I have discussed previously, the American people <a href="http://theeconomiccollapseblog.com/pessimism-about-the-u-s-economy-is-going-to-have-an-absolutely-massive-impact-on-the-outcome-of-the-election-in-november/">are deeply pessimistic about the economy</a> at this stage.
And they have good reason to be pessimistic, because even though our politicians in Washington are engaging in an unprecedented spending spree in a desperate attempt to keep the economy propped up, the truth is that the wheels are starting to come off and <a href="https://www.amazon.com/dp/B0CM4ZB9TW">tremendous chaos is ahead</a>.
Ed Dowd agrees that big trouble is coming during the months ahead. He just told Greg Hunter that he expects the U.S. economy <a href="https://usawatchdog.com/huge-financial-shock-inevitable-hitting-now-ed-dowd/">“to take a nosedive sometime in the next 12 months”</a>…
<blockquote>What happens to the Biden economy? Dowd says, “The economy is going to take a nosedive sometime in the next 12 months. The real economy is not doing well. . . . The only thing that has been holding up the GDP growth is government spending. We are spending $1 trillion every 100 days. That’s adding $1 trillion to the deficit. The only job creation is government jobs, and they don’t actually add to the economy. . . . Reports are coming out now that the low-income consumer is getting absolutely hammered. McDonald’s talked about it in their most recent earnings call. . . . So, low-income and the middle-class are getting squeezed while the rich continue to plug along.”</blockquote>
I agree.
Of course we don’t have to wait for the economy to come apart at the seams, <a href="http://theeconomiccollapseblog.com/generation-z-is-furious-about-what-has-happened-to-the-economy-and-they-are-blaming-previous-generations-for-wrecking-it/">because that is already happening</a>.
At one time, the entire world marveled at the greatness of the mighty U.S. economy, but our leaders have completely wrecked it.
There is no way that we are going to be able to avoid disaster, and so I would encourage you to prepare for very hard times while you still can.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on <a title="YouTube" href="https://www.youtube.com/channel/UCxiWTcd1PltIJcnFIoH0k4A" target="_blank" rel="noopener noreferrer">YouTube</a>, <a title="Facebook" href="https://www.facebook.com/michael.snyder.5076" target="_blank" rel="noopener noreferrer">Facebook</a> and <a title="Twitter" href="https://twitter.com/Revelation1217" target="_blank" rel="noopener noreferrer">Twitter</a>, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/a-restaurant-apocalypse-is-starting-to-sweep-across-america-and-that-is-really-bad-news-for-the-u-s-economy/">A “Restaurant Apocalypse” Is Starting To Sweep Across America, And That Is Really Bad News For The U.S. Economy</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<title>Generation Z Is Furious About What Has Happened To The Economy, And They Are Blaming Previous Generations For Wrecking It</title>
<link>http://theeconomiccollapseblog.com/generation-z-is-furious-about-what-has-happened-to-the-economy-and-they-are-blaming-previous-generations-for-wrecking-it/</link>
<pubDate>Sun, 12 May 2024 22:41:09 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[The Economy]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22656</guid>
<description><![CDATA[No matter how hard they work, millions of Gen Z Americans are just barely scraping by month after month, and many of them are seriously pissed off about it. In fact, videos of Gen Z Americans ranting about the economy on TikTok have been racking up millions of views. Many of those that are ranting ... <a title="Generation Z Is Furious About What Has Happened To The Economy, And They Are Blaming Previous Generations For Wrecking It" class="read-more" href="http://theeconomiccollapseblog.com/generation-z-is-furious-about-what-has-happened-to-the-economy-and-they-are-blaming-previous-generations-for-wrecking-it/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/generation-z-is-furious-about-what-has-happened-to-the-economy-and-they-are-blaming-previous-generations-for-wrecking-it/">Generation Z Is Furious About What Has Happened To The Economy, And They Are Blaming Previous Generations For Wrecking It</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
]]></description>
<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/generation-z-is-furious-about-what-has-happened-to-the-economy-and-they-are-blaming-previous-generations-for-wrecking-it/snip20240512_35/#main" rel="attachment wp-att-22658"><img class="aligncenter size-large wp-image-22658" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240512_35-560x408.png" alt="" width="560" height="408" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240512_35-560x408.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240512_35-300x219.png 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240512_35-768x560.png 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240512_35.png 1084w" sizes="(max-width: 560px) 100vw, 560px" /></a>No matter how hard they work, millions of Gen Z Americans are just barely scraping by month after month, and many of them are seriously pissed off about it. In fact, videos of Gen Z Americans ranting about the economy on TikTok have been racking up millions of views. Many of those that are ranting about the economy absolutely hate the fact that no matter how much they try they can never seem to get ahead. Others just keep getting deeper and deeper in debt because they can never seem to make enough money to pay all the bills. And do you know who they are blaming for the pain that they are experiencing? They are blaming those that belong to previous generations for wrecking the economy, and they are right. We were handed the keys to the greatest economic machine in the history of the world, and for decades our leaders have been systematically destroying it. The bright future that future generations of Americans were supposed to have has been wiped out, and Gen Z Americans are starting to realize that <a href="http://theeconomiccollapseblog.com/pessimism-about-the-u-s-economy-is-going-to-have-an-absolutely-massive-impact-on-the-outcome-of-the-election-in-november/">even more pain and suffering are ahead</a>.
If I was a member of Gen Z, I would feel the exact same way.
The economy has been ruined, and it is people my age and older that did it.
We should be absolutely ashamed of ourselves, but we’re not.
For many years I have been warning that someday young people would be absolutely furious because of what we have done to their future, and now that is precisely what is happening.
One Gen Z TikTok user named Nicholas Summers recently made headlines all over the nation when he ranted about the fact that he is struggling to survive each month even though he makes <a href="https://www.newsbreak.com/news/3433616258615-the-american-dream-is-dead-man-makes-three-times-minimum-wage-and-is-still-struggling-to-survive">three times the federal minimum wage</a>…
<blockquote>But when <a href="https://www.tiktok.com/@nicsmnrs" target="_blank" rel="noopener noreferrer nofollow">Nicholas Sumners </a>took to <a href="https://www.distractify.com/t/tiktok" rel="nofollow">TikTok </a>to rant about the difficulty of surviving in America, millions of people tuned in to agree. He claims that he makes three times the <a href="https://www.distractify.com/p/minimum-wage-no-two-weeks-notice" rel="nofollow">minimum wage </a>, which would mean he’s making at least $21.75 per hour and is still struggling to survive.
This isn’t surprising, considering the <a href="https://www.distractify.com/p/taco-bell-inflation" rel="nofollow">rising inflation </a>and <a href="https://www.distractify.com/p/canceling-student-debt-good-economy" rel="nofollow">wealth gap </a>between America’s richest and poorest. Some see America as the greatest country in the world, but many citizens live like it’s a third-world country. And now, the masses are angry and ready for a revolution, as evidenced in Nic’s rant, which he concludes by saying, “The American dream is dead.”</blockquote>
A lot of my readers can identify with what he is going through.
It can be absolutely soul crushing when there simply is not enough money month after month even though you are working as hard as you can.
In his video, he asked if someone can explain to him <a href="https://www.foxbusiness.com/media/angry-gen-z-american-struggle-surive-viral-rant-cannot-afford-live">“in crayon-eating terms”</a> why even the basics have become so difficult to afford…
<blockquote>With hot inflation numbers to prove it, one hacked-off Gen Z American took to TikTok, where he detailed a “struggle to survive” and pay for everyday items.
“Can somebody explain to me in crayon-eating terms why I make over three times the federal minimum wage and I cannot afford to live?” the user allegedly named Nic started to say.
“And I do not want to hear the ‘Pull yourself up from your bootstraps, work 90 hours a week.’ That’s not the goal, guys,” he continued ranting. “A one-bedroom apartment, $1,800. Two-bedroom apartment, $2,200. Who the f*** can afford that? It is embarrassing to come out and say that it is a struggle to survive right now. But I know so many people are struggling.”</blockquote>
I can certainly understand his frustration.
I have been writing about these things for years, but our leaders never listen.
Conditions have been deteriorating for a very long time, and in a subsequent video Nicholas observed that this has been happening <a href="https://www.foxbusiness.com/media/angry-gen-z-american-struggle-surive-viral-rant-cannot-afford-live">no matter who has been in control in Washington</a>…
<blockquote>“I just now realized that regardless of which side I vote, it won’t be fixed,” Nic said. “They continue to pull this bulls—. The spending budgets that they keep approving, the foreign aid they keep sending out when we need that in America.”
“How many homeless veterans are out on the street right now?” he added in the recent post. “Government overreaching, government overspending has continued to happen and it is getting worse and worse.”</blockquote>
Our leaders are just going to keep doing what they are doing until the entire system completely and utterly collapses.
Another rant about the economy that has already been viewed more than 6 million times was posted on TikTok <a href="https://www.msn.com/en-us/money/markets/working-my-tail-end-off-just-to-get-by-this-walmart-worker-blasted-older-americans-for-calling-young-folks-lazy-blames-them-for-creating-the-inflation-crisis-ruining-the-economy/ar-BB1icHMa">by a Gen Z woman named Chailyn</a>…
<blockquote>In her candid video, Chailyn, a Walmart employee, stated, “I cannot stand how the news has been dogging Gen Z and calling them lazy for not wanting to work 9-5 for the rest of their lives… I work five days out of the week, 40 hours a week. I [still] do not make enough to live on my own.”
She then highlighted the stark financial disparities that exist between her generation and previous ones.
“Twenty years ago, when you were getting started [with your career], you could live on your own. Twenty years ago when you first started, you were able to do everything that I am now struggling to do,” she said.</blockquote>
<blockquote class="twitter-tweet">
Woman defends Gen-Z not wanting to work a 9-5 for the rest of their lives
“I don’t want to work my tail end off, wasting all of my life working, just to barely be able to pay my bills” <a href="https://t.co/BxaTXjaxcd">pic.twitter.com/BxaTXjaxcd</a>
— Unlimited L’s (@unlimited_ls) <a href="https://twitter.com/unlimited_ls/status/1744438955016110363?ref_src=twsrc%5Etfw">January 8, 2024</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
And she is very clear about who she thinks is responsible for creating the giant economic mess <a href="https://www.msn.com/en-us/money/markets/working-my-tail-end-off-just-to-get-by-this-walmart-worker-blasted-older-americans-for-calling-young-folks-lazy-blames-them-for-creating-the-inflation-crisis-ruining-the-economy/ar-BB1icHMa">that we are now facing</a>…
<blockquote>“You can sit here and call Gen Z lazy all you want, but I have been working my tail-end off just to barely make it by, and respectfully, I don’t want to do that for the rest of my life,” she said. “I don’t want to work my tail-end off, wasting all of my life working, just to barely be able to pay my bills.”
Chailyn concluded her message with a pointed argument, shifting the blame to previous generations for the current state of the economy and the burden it places on Gen Z.
“You tell me how it got ruined. We can sit here and we can call Gen Z lazy all you want. But you let the economy turn into what it did.”
She added, “You let it all run to hell, and now it’s Gen Z’s ‘fault’ because we don’t want to work to fix your mistakes.”</blockquote>
Bingo.
She doesn’t want to work for the rest of her life to pay off the 34 trillion dollars that has been ruthlessly stolen from her generation and future generations of Americans.
And I don’t blame her one bit.
If we lived in a just society, those responsible for getting us 34 trillion dollars in debt would be in prison.
But instead we treat them like heroes.
Shame on us.
Because the cost of living is so ridiculously high, most young adults cannot make it on their own in this economy.
As a result, vast numbers of them <a href="http://theeconomiccollapseblog.com/an-enormous-chunk-of-the-u-s-population-is-either-homeless-living-in-poverty-or-considered-to-be-among-the-working-poor/">are living in poverty</a>, and debt levels among our young adults have risen <a href="https://www.bloomberg.com/news/newsletters/2024-05-11/bloomberg-weekend-reading-america-s-two-track-economy-is-leaving-gen-z-behind">to very alarming levels</a>…
<blockquote>Then there’s Gen Z, which has higher debt levels and delinquency rates for a number of credit products—from credit cards to mortgages and student loans—than Millennials did at the same age a decade ago. The Gen Z frustration is real, writes Jonathan Levin for Bloomberg Opinion. “If you have a job, a house and some stocks, you’re probably doing just fine. But America’s two-track economy is leaving many behind, particularly young adults.”</blockquote>
In recent years, the Federal Reserve flooded the system with trillions of dollars, and the “experts” assured us that there wouldn’t be any serious consequences.
They were dead wrong.
And our politicians have been adding about a trillion dollars to the national debt every 100 days, and the “experts” assured us that everything would work out just fine somehow.
They were dead wrong about that too.
Our leaders are destroying our currency, they are destroying our economy, and they are destroying our future.
And if you think that things are bad now, just wait until you see <a href="https://www.amazon.com/dp/B0CM4ZB9TW">what the next few years bring</a>.
We are on a highway to economic oblivion, and when Gen Z blames the generations that came before them they are right on target.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on <a title="YouTube" href="https://www.youtube.com/channel/UCxiWTcd1PltIJcnFIoH0k4A" target="_blank" rel="noopener noreferrer">YouTube</a>, <a title="Facebook" href="https://www.facebook.com/michael.snyder.5076" target="_blank" rel="noopener noreferrer">Facebook</a> and <a title="Twitter" href="https://twitter.com/Revelation1217" target="_blank" rel="noopener noreferrer">Twitter</a>, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/generation-z-is-furious-about-what-has-happened-to-the-economy-and-they-are-blaming-previous-generations-for-wrecking-it/">Generation Z Is Furious About What Has Happened To The Economy, And They Are Blaming Previous Generations For Wrecking It</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<title>Red Alert! 6 Absolutely Gigantic Geomagnetic Storms Are About To Hit Earth, And Authorities Won’t Know Their True Power Until Friday Night</title>
<link>http://theeconomiccollapseblog.com/red-alert-6-absolutely-gigantic-geomagnetic-storms-are-about-to-hit-earth-and-authorities-wont-know-their-true-power-until-friday-night/</link>
<pubDate>Fri, 10 May 2024 19:46:14 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[Money]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22650</guid>
<description><![CDATA[A series of enormous geomagnetic storms is about to start pummeling our planet, and some of the most important technologies that we depend on are potentially at risk. For the very first time in nearly 20 years, the NOAA has issued a severe geomagnetic storm watch. We were initially warned that “at least five earth-directed coronal ... <a title="Red Alert! 6 Absolutely Gigantic Geomagnetic Storms Are About To Hit Earth, And Authorities Won’t Know Their True Power Until Friday Night" class="read-more" href="http://theeconomiccollapseblog.com/red-alert-6-absolutely-gigantic-geomagnetic-storms-are-about-to-hit-earth-and-authorities-wont-know-their-true-power-until-friday-night/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/red-alert-6-absolutely-gigantic-geomagnetic-storms-are-about-to-hit-earth-and-authorities-wont-know-their-true-power-until-friday-night/">Red Alert! 6 Absolutely Gigantic Geomagnetic Storms Are About To Hit Earth, And Authorities Won’t Know Their True Power Until Friday Night</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/red-alert-6-absolutely-gigantic-geomagnetic-storms-are-about-to-hit-earth-and-authorities-wont-know-their-true-power-until-friday-night/snip20240510_33-2/#main" rel="attachment wp-att-22653"><img class="aligncenter size-large wp-image-22653" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240510_33-1-560x507.png" alt="" width="560" height="507" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240510_33-1-560x507.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240510_33-1-300x272.png 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Snip20240510_33-1.png 740w" sizes="(max-width: 560px) 100vw, 560px" /></a>A series of enormous geomagnetic storms is about to start pummeling our planet, and some of the most important technologies that we depend on are potentially at risk. For the very first time in nearly 20 years, the NOAA has issued a severe geomagnetic storm watch. We were initially warned that “at least five earth-directed coronal mass ejections” were headed our direction, but now it is at least six. These coronal mass ejections originated from Sunspot AR3664, which has now become almost as large as the infamous Carrington sunspot of 1859. It is being reported that Sunspot AR3664 is nearly 200,000 kilometers wide. That is about 15 times wider than Earth. Six gigantic coronal mass ejections that have been unleashed by this sunspot will hit our planet over the next few days, but as you will see below, authorities won’t know their true power until Friday night.
Until authorities know the true power of these storms, we won’t know how much danger we are facing.
Hopefully this will turn out to be a minor event.
But scientists are concerned enough already that they have issued the first severe geomagnetic storm watch <a href="https://www.dailymail.co.uk/sciencetech/article-13402759/Severe-solar-storm-watch-alert-NOAA.html">since 2005</a>…
<blockquote>A rare and powerful solar storm may occur in outer space today which could wreak havoc on earth, officials have warned – the first in nearly 20 years if it happens.
At least five streams of plasma, known as coronal mass ejections (CMEs), are heading toward Earth, prompting the National Oceanic and Atmospheric Administration (NOAA) to issue a severe geomagnetic storm watch for Friday into the weekend.
This is the first such alert aired since 2005 when Earth was hit with the highest dose of radiation in a half-century.</blockquote>
Another coronal mass ejection has been confirmed since the initial warning was issued, so at least six major storms are approaching our planet.
<blockquote class="twitter-tweet">
SIX SOLAR STORMS ON THEIR WAY TO EARTH <a href="https://t.co/ruAlL5RGD4">pic.twitter.com/ruAlL5RGD4</a>
— SpaceWeatherNews (@SunWeatherMan) <a href="https://twitter.com/SunWeatherMan/status/1788895213290758201?ref_src=twsrc%5Etfw">May 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Needless to say, a lot of people are wondering if our power grids could be at risk from these storms.
At this point, the NOAA is warning that during these storms <a href="https://www.cnn.com/2024/05/10/business/sunspots-disrupt-phones-gps-scn/index.html">“some protective systems may mistakenly trip out key assets from the power grid”</a>…
<blockquote>Severe space weather can jeopardize power grids, according to NOAA, whose alert this week said to expect “possible widespread voltage control problems” and that “some protective systems may mistakenly trip out key assets from the power grid.”
In 1989, a space weather event led to a massive blackout in Quebec, Canada for more than nine hours after geomagnetic fluctuations damaged transformers and other important equipment.
In October, an extreme geomagnetic storm stronger than the one predicted for this weekend led to power outages in Sweden and damaged power transformers in South Africa, the SWPC said.
The largest known geomagnetic storm in history, known as the Carrington Event of 1859, caused telegraph stations to spark and catch fire.</blockquote>
If you lose power on Friday, Saturday or Sunday, there is a good chance that the power loss has been caused by one of these geomagnetic storms.
Authorities are telling us that it is not likely that we will experience a G5 event, but one official at the Space Weather Prediction Center has admitted to the press that he is anticipating a <a href="https://www.cbsnews.com/news/severe-geomagnetic-storm-watch-issued-unusual-solar-event/">“big shock arrival”</a>…
<blockquote>In a call with reporters on Friday, Shawn Dahl, service coordinator at the Space Weather Prediction Center, said that some CMEs “are catching up with other ones.” He said officials are expecting a “big shock arrival” when they hit Earth. Dahl said while officials aren’t predicting a G5 storm – the strongest of geomagnetic storms – they also can’t discount a “low-end G5 event.”
“We’re really buckling down here,” Brent Gordon, chief of the space weather services branch, also said on the call.</blockquote>
But I want to emphasize that what they are telling us publicly is what they are guessing will happen.
The truth is that they don’t know anything for sure yet.
As CBS News <a href="https://www.cbsnews.com/news/severe-geomagnetic-storm-watch-issued-unusual-solar-event/">has reported</a>, the actual strength of these storms will not be known until they are about a million miles from our planet…
<blockquote>The true strength of the storm won’t be known until roughly 8 p.m. ET on Friday when the CMEs are about a million miles from Earth.
“When we see those arrive, that’s when we’ll know the intensity,” Dahl said.</blockquote>
So I would pay close attention to the news on Friday night.
This could turn out to be a relatively minor incident.
Or it could be the biggest solar disaster since the Carrington Event in 1859.
Or it could be somewhere in between.
Hopefully most of my readers are well prepared for any scenario.
The following comes directly from <a href="https://www.swpc.noaa.gov/news/media-advisory-noaa-forecasts-severe-solar-storm-media-availability-scheduled-friday-may-10#:~:text=NOAA's%20Space%20Weather%20Prediction%20Center,evening%20of%20Friday%2C%20May%2010.">the official warning</a> that the NOAA issued about these storms…
<blockquote>NOAA’s Space Weather Prediction Center (SWPC) — a division of the National Weather Service — is monitoring the sun following a series of solar flares and coronal mass ejections (CMEs) that began on May 8. Space weather forecasters have issued a Severe (G4) Geomagnetic Storm Watch for the evening of Friday, May 10. Additional solar eruptions could cause geomagnetic storm conditions to persist through the weekend.
A large sunspot cluster has produced several moderate to strong solar flares since Wednesday at 5:00 am ET. At least five flares were associated with CMEs that appear to be Earth-directed. SWPC forecasters will monitor NOAA and NASA’s space assets for the onset of a geomagnetic storm.
CMEs are explosions of plasma and magnetic fields from the sun’s corona. They cause geomagnetic storms when they are directed at Earth. Geomagnetic storms can impact infrastructure in near-Earth orbit and on Earth’s surface, potentially disrupting communications, the electric power grid, navigation, radio and satellite operations. SWPC has notified the operators of these systems so they can take protective action. Geomagnetic storms can also trigger spectacular displays of aurora on Earth. A severe geomagnetic storm includes the potential for aurora to be seen as far south as Alabama and Northern California.</blockquote>
As I detail <a href="https://www.amazon.com/dp/B0CM4ZB9TW">in my most recent book</a>, the sun has been exhibiting very strange behavior for quite some time.
And now solar activity appears to be reaching some sort of bizarre crescendo.
Whether it happens this weekend or not, I believe that this will eventually be a huge story.
So keep watching the skies, because the giant ball of fire that we revolve around is becoming increasingly unstable.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on <a title="YouTube" href="https://www.youtube.com/channel/UCxiWTcd1PltIJcnFIoH0k4A" target="_blank" rel="noopener noreferrer">YouTube</a>, <a title="Facebook" href="https://www.facebook.com/michael.snyder.5076" target="_blank" rel="noopener noreferrer">Facebook</a> and <a title="Twitter" href="https://twitter.com/Revelation1217" target="_blank" rel="noopener noreferrer">Twitter</a>, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/red-alert-6-absolutely-gigantic-geomagnetic-storms-are-about-to-hit-earth-and-authorities-wont-know-their-true-power-until-friday-night/">Red Alert! 6 Absolutely Gigantic Geomagnetic Storms Are About To Hit Earth, And Authorities Won’t Know Their True Power Until Friday Night</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<title>Pessimism About The U.S. Economy Is Going To Have An Absolutely Massive Impact On The Outcome Of The Election In November</title>
<link>http://theeconomiccollapseblog.com/pessimism-about-the-u-s-economy-is-going-to-have-an-absolutely-massive-impact-on-the-outcome-of-the-election-in-november/</link>
<pubDate>Wed, 08 May 2024 20:31:23 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[The Economy]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22645</guid>
<description><![CDATA[Americans are extremely pessimistic about the state of the U.S. economy, and that is really bad news for Joe Biden. Despite the glowing economic numbers that the Biden administration has been relentlessly feeding us, there is an overwhelming consensus among the American people that the economy is rapidly heading in the wrong direction. Prices continue ... <a title="Pessimism About The U.S. Economy Is Going To Have An Absolutely Massive Impact On The Outcome Of The Election In November" class="read-more" href="http://theeconomiccollapseblog.com/pessimism-about-the-u-s-economy-is-going-to-have-an-absolutely-massive-impact-on-the-outcome-of-the-election-in-november/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/pessimism-about-the-u-s-economy-is-going-to-have-an-absolutely-massive-impact-on-the-outcome-of-the-election-in-november/">Pessimism About The U.S. Economy Is Going To Have An Absolutely Massive Impact On The Outcome Of The Election In November</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/pessimism-about-the-u-s-economy-is-going-to-have-an-absolutely-massive-impact-on-the-outcome-of-the-election-in-november/depressed-pixabay-4/#main" rel="attachment wp-att-22647"><img class="aligncenter size-large wp-image-22647" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Depressed-Pixabay-560x560.jpg" alt="" width="560" height="560" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Depressed-Pixabay-560x560.jpg 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Depressed-Pixabay-300x300.jpg 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Depressed-Pixabay-768x768.jpg 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Depressed-Pixabay.jpg 1280w" sizes="(max-width: 560px) 100vw, 560px" /></a>Americans are extremely pessimistic about the state of the U.S. economy, and that is really bad news for Joe Biden. Despite the glowing economic numbers that the Biden administration has been relentlessly feeding us, there is an overwhelming consensus among the American people that the economy <a href="http://theeconomiccollapseblog.com/an-absolutely-enormous-economic-shift-of-historic-proportions-is-now-taking-place-right-in-front-of-our-eyes/">is rapidly heading in the wrong direction</a>. Prices continue to rise, mass layoffs are happening all over the country, loans are going bad at a staggering rate, homelessness and poverty <a href="http://theeconomiccollapseblog.com/an-enormous-chunk-of-the-u-s-population-is-either-homeless-living-in-poverty-or-considered-to-be-among-the-working-poor/">are spiking</a>, and economic activity is slowing down all around us. According to a poll about the economy that was recently conducted <a href="https://www.newsweek.com/economy-america-outlook-biden-1896902">for Newsweek</a>, the percentage of Americans that believe that the economy is going in the wrong direction is twice as high as the percentage of Americans that believe that the economy is going in the right direction…
<blockquote>Their widespread pessimism is reflected in the results of a Redfield & Wilton Strategies poll conducted on behalf of Newsweek on April 11. According to the survey, some 50 percent of Americans believe that the U.S. economy is heading in the wrong direction, while only 25 percent said it is going in the right direction.
Americans are also negative about their own financial situation. Some 42 percent of respondents said their financial situation has worsened in the last year. Only 26 percent said it has improved, while 32 percent said it has stayed the same.
Some 47 percent of Americans said they were now financially worse off than they were three years before, against 26 percent who said they were better off and 27 percent who said they were about the same. Some 45 percent said they were now worse off than before the pandemic, while 28 percent said they were better off and 27 percent were about the same.</blockquote>
The Biden campaign should be deeply troubled by those numbers.
When U.S. voters don’t feel good about the economy, they tend to want change in Washington.
And the main thing that Americans don’t like about the economy right now is <a href="https://kingworldnews.com/this-is-how-bad-it-is-for-the-average-person-right-now/">the high cost of living</a>…
<blockquote>Forty-one percent of Americans responding to an April Gallup poll said inflation or the high cost of living is their main economic concern. The number has risen for three years running, from 32 percent in 2022 to 35 percent in 2023.
Prior to 2022, the highest rating inflation received in the survey was 18 percent in 2008 during the Great Recession. Otherwise, the figure has been below 10 percent since Gallup began asking the question in 2005.</blockquote>
Joe Biden and his minions keep telling us that inflation is “low”.
But hardly anyone believes them, because that is obviously not true.
Anyone that goes shopping for groceries on a regular basis understands what has been happening to food prices, and <a href="https://www.cnbc.com/2024/05/08/young-americans-say-food-price-inflation-affects-them-most.html">another recent survey</a> discovered that young adults are really feeling the pain…
<blockquote>Younger Americans are feeling the pinch from inflation, with 54% saying that rising food costs have hit them the hardest.
The findings are part of a recent CNBC/Generation Lab survey that polled 1,033 people between the ages of 18 and 34.</blockquote>
When I was a young adult, I could get everything that I needed for one week, including an entire cake, for just 25 dollars.
But today a full cart of food will cost you hundreds of dollars.
At this point, beef is actually considered to be a “luxury meat”, and Americans have cut back as prices have soared.
In fact, Tyson is going to lose <a href="https://trendsinthenews.substack.com/p/celente-stocks-see-gains-average">a ton of money</a> this year because people are buying a lot less beef now…
<blockquote><a href="https://www.wsj.com/livecoverage/stock-market-today-05-06-2024/card/tyson-swings-to-a-profit-as-chicken-business-rebounds-ZDldn3R2nZwlY5TPaav2" rel="">“Tyson Shares Fall as Beef Business Struggles” </a>is a headline story in today’s Wall Street Journal. They go on to note that Tyson, America’s largest U.S. meat supplier, said its beef business was softening and that “The company, a bellwether for the U.S. meat industry, forecast a bigger operating loss for its beef business this fiscal year—between $100 million and $400 million.”
Why? Mostly because people can’t afford beef and are eating chicken. And droughts and shrinking herds have made the situation worse.</blockquote>
At one time, you could economize by eating some of your meals at fast food chains, but those days <a href="https://www.dailymail.co.uk/yourmoney/consumer/article-13387569/mcdonalds-fast-food-prices-inflation-greedflation.html">are long gone</a>…
<blockquote>Prices at America’s biggest fast-food chains have soared above the rate of inflation in the last five years as firms come under fire for ‘greedflation.’
Customers are now voting with their wallets causing traffic to chains to drop 3.5 percent in the first three months of the year compared to 2023, according to data from Revenue Management Solutions.
It means big chains like McDonald’s, Wendy’s, Popeyes, Pizza Hut and Chipotle have likely sold millions fewer burgers, pizzas and burritos.</blockquote>
Only the wealthy can afford to regularly eat at fast food chains at this stage.
I never imagined that I would write such a thing, but this is how bad things are in 2024.
Of course housing has gotten a lot more expensive as well.
As David Stockman <a href="https://brownstone.org/articles/strong-economy-think-again/">has aptly point out</a>, during the Biden administration home prices have become more unaffordable than ever before…
<blockquote>The data leaves no room for doubt. Home prices today stand at 18.2X their Q1 1970 value while average hourly wages are at only 8.7X their value of 54 years ago.
Expressed in more practical terms, the median home sales price of $23,900 in Q1 1970 represented 7,113 hours of work at the average hourly wage. Assuming a standard 2,000-hour work year, wage workers had to toil for 3.6 years to pay for a median-priced home.
With the passage of time, of course, the Fed’s pro-inflation policies have done far more to goose asset prices than wages. Thus, at the time of Greenspan’s arrival at the Fed after Q2 1987, it required 11,350 hours to purchase a median home, which had risen to 12,138 hours by Q1 2012 when the Fed made its 2.00% inflation target official. And after still another decade of inflationary monetary policy, it now stands at just under 15,000 hours.</blockquote>
Meanwhile, the overall economy continues to slow down.
I shared a very shocking statistic with my readers the other day, and I am going to share it again because it demonstrates just how dire conditions have become.
During the month of April, <a href="https://www.newsweek.com/small-businesses-crisis-rising-numbers-unable-pay-rent-1895480">43 percent</a> of all small business renters in the United States were not able to pay their rent in full…
<blockquote>A significant number of small businesses across the nation are struggling to pay rent due to skyrocketing costs, a recent study by business networking platform Alignable found.
The company’s latest Small Business Rent report, published on Friday, found that 43 percent of small business renters in the U.S. were unable to pay their rent in full and on time in the month of April. Such a high delinquency rate hasn’t been reported in the U.S. since March 2021, at the height of the COVID-19 pandemic, when it reached 49 percent.</blockquote>
If you can’t even pay your rent, your business is literally on the brink of failing.
I believe that vast numbers of small businesses will fail in the months ahead as the historic economic meltdown <a href="https://www.amazon.com/dp/B0CM4ZB9TW">that I have been relentlessly warning about</a> continues to pick up speed.
Needless to say, a deteriorating economy is not going to help Joe Biden one bit.
According to <a href="https://www.realclearpolling.com/polls/president/general/2024">an average of recent national polls</a>, in a two way race Donald Trump is leading Joe Biden by 1.2 points.
In a five way race, Donald Trump is leading Joe Biden by 2.7 points.
As economic conditions become harsher during the second half of this year, I would expect Trump’s numbers to improve and Biden’s numbers to get worse.
Economics and politics always have a tremendous amount of influence over one another, and that will particularly be true here in 2024.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on <a title="YouTube" href="https://www.youtube.com/channel/UCxiWTcd1PltIJcnFIoH0k4A" target="_blank" rel="noopener noreferrer">YouTube</a>, <a title="Facebook" href="https://www.facebook.com/michael.snyder.5076" target="_blank" rel="noopener noreferrer">Facebook</a> and <a title="Twitter" href="https://twitter.com/Revelation1217" target="_blank" rel="noopener noreferrer">Twitter</a>, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/pessimism-about-the-u-s-economy-is-going-to-have-an-absolutely-massive-impact-on-the-outcome-of-the-election-in-november/">Pessimism About The U.S. Economy Is Going To Have An Absolutely Massive Impact On The Outcome Of The Election In November</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<title>It Is Being Projected That New Cases Of Cancer In The U.S. Will Explode To A Brand New Record High This Year (2 Million In 2024)</title>
<link>http://theeconomiccollapseblog.com/it-is-being-projected-that-new-cases-of-cancer-in-the-u-s-will-explode-to-a-brand-new-record-high-this-year-2-million-in-2024/</link>
<pubDate>Tue, 07 May 2024 20:15:26 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[Money]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22640</guid>
<description><![CDATA[We are witnessing an explosion of cancer in the United States that is absolutely unprecedented. As you will see below, it is being projected that the number of new cases of cancer in the U.S. will hit a brand new record high this year, and cancer rates are rising particularly rapidly among our young people. ... <a title="It Is Being Projected That New Cases Of Cancer In The U.S. Will Explode To A Brand New Record High This Year (2 Million In 2024)" class="read-more" href="http://theeconomiccollapseblog.com/it-is-being-projected-that-new-cases-of-cancer-in-the-u-s-will-explode-to-a-brand-new-record-high-this-year-2-million-in-2024/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/it-is-being-projected-that-new-cases-of-cancer-in-the-u-s-will-explode-to-a-brand-new-record-high-this-year-2-million-in-2024/">It Is Being Projected That New Cases Of Cancer In The U.S. Will Explode To A Brand New Record High This Year (2 Million In 2024)</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/it-is-being-projected-that-new-cases-of-cancer-in-the-u-s-will-explode-to-a-brand-new-record-high-this-year-2-million-in-2024/cancer-patient-ai-generated-pixabay/#main" rel="attachment wp-att-22642"><img class="aligncenter size-large wp-image-22642" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Cancer-Patient-AI-Generated-Pixabay-560x560.jpg" alt="" width="560" height="560" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Cancer-Patient-AI-Generated-Pixabay-560x560.jpg 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Cancer-Patient-AI-Generated-Pixabay-300x300.jpg 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Cancer-Patient-AI-Generated-Pixabay-768x768.jpg 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Cancer-Patient-AI-Generated-Pixabay.jpg 1280w" sizes="(max-width: 560px) 100vw, 560px" /></a>We are witnessing an explosion of cancer in the United States that is absolutely unprecedented. As you will see below, it is being projected that the number of new cases of cancer in the U.S. will hit a brand new record high this year, and cancer rates are rising particularly rapidly among our young people. There have been so many prominent individuals in the news that have been diagnosed with cancer recently, and so many people that I personally know have also been diagnosed with cancer recently. I am sure that most of you also personally know people that have been affected by this disease. Of course cancer has been one of the leading causes of death for a very long time, but we have never witnessed anything quite like this.
According to the American Cancer Society, this year the number of newly diagnosed cases of cancer will surpass the 2 million mark <a href="https://www.cancer.org/research/acs-research-news/facts-and-figures-2024.html">for the first time ever</a>…
<blockquote>Cancer incidence, however, is on the rise for many common cancers. In the coming year, we’re expecting to hit a bleak milestone—the first time new cases of cancer in the US are expected to cross the 2-million mark. That’s almost 5,500 cancer diagnoses a day.
This trend is largely affected by the aging and growth of the population and by a rise in diagnoses of 6 of the 10 most common cancers—breast, prostate, endometrial, pancreatic, kidney, and melanoma. (The other 4 top 10 cancers are lung, colon and rectum, bladder, and non-Hodgkin lymphoma.)</blockquote>
This is such a great tragedy.
Millions of Americans are dying way too early.
Once upon a time, cancer was considered to be a disease that would strike in old age, but now cancer rates among our young people <a href="https://www.cbsnews.com/news/study-alarming-rise-cancer-people-under-50/">are absolutely exploding</a>…
<blockquote>According to a new study published this week in BMJ Oncology, cancer rates worldwide have risen dramatically in people under the age of 50.
Researchers examined data from 204 countries between 1990 and 2019. They found that there were more than 3.26 million early-onset cancer cases reported in those countries in 2019, up from 1.82 million in 1990, an increase of 79.1%.
The study defined early-onset cancer as a diagnosis that occurs between the ages of 14 and 49.</blockquote>
I don’t know why researchers only looked at numbers through 2019.
Personally, I would love to see what the figures for the last several years look like.
But everyone agrees that cancer rates among young people are surging like never before.
For example, one study discovered that the number of women under the age of 25 being diagnosed with pancreatic cancer has increased by close to 200 percent <a href="https://www.dailymail.co.uk/health/article-13033795/Huge-spike-cancer-sparks-alarm-experts-baffled.html">since the 1990s</a>…
<blockquote>A ‘frightening’ explosion of young women developing one of the deadliest cancers has baffled experts.
Rates of pancreatic cancer have soared by up to 200 per cent in women under the age of 25 since the 1990s.
Overall, incidences of the disease — which has a five-year survival rate of just 5 per cent — have increased by around 17 per cent over the same time-span, with soaring obesity rates suspected to be behind the trend.</blockquote>
Young people are also getting colon cancer at a staggering rate.
In fact, it is being projected that the number of young people under the age of 40 that will die from colon cancer each year <a href="https://www.dailymail.co.uk/health/article-12195757/Researchers-point-red-meat-sugar-culprits-disease-spike-people-50.html">will double by the year 2030</a>…
<blockquote>These findings come at a time when colon cancer deaths among people under 40 are expected to double by 2030, and it is projected to be the number one cause of cancer deaths in young people by the end of the decade.</blockquote>
Overall, rates of all types of gastrointestinal cancer among our young people <a href="https://www.dailymail.co.uk/health/article-12413849/Mystery-explosion-tumors-young-people-Rates-gastrointestinal-cancers-DOUBLED-children-19-past-decade-data-shows.html">are skyrocketing</a>, and this has experts deeply alarmed…
<blockquote>Gastrointestinal cancer diagnoses in Americans under 50 climbed drastically over a decade, with the starkest rise occurring in under-19s, at 109 percent.
And the number of GI cancers among children under 19 more than doubled from 2010 to 2019 and overall incidence of GI cancers among under-50s rose by 15 percent.
GI cancers include those in the stomach, esophagus, colon and rectum, liver, pancreas, anus, gall bladder, and small intestine.</blockquote>
The fact that so many young people are getting cancer will mean lots of cash for the cancer industry during the years ahead.
According <a href="https://www.cdc.gov/chronicdisease/about/costs/index.htm">to the CDC</a>, more than 240 billion dollars will be spent on cancer care in the United States on a yearly basis by 2030.
Just think about that.
That is close to a quarter of a trillion dollars.
If a cure for cancer was found, all of that money would go away.
Unfortunately, cancer rates are likely to continue to go up.
We are being told that approximately 40 percent of all Americans will be diagnosed with cancer at some point in their lives, but at the rate that we are going it won’t be too long before that figure hits 50 percent.
Today, we live in a society that is incredibly toxic.
Let me give you an example. According to one recent study, the air that we breathe as we drive our vehicles <a href="https://thehill.com/policy/energy-environment/4649281-chemicals-car-interiors-cancer-required-federal-law-study/">can literally cause cancer</a>…
<blockquote>Tens of millions of Americans each day breathe in carcinogenic chemicals that are woven into the interiors of their cars, a new study has found.
While opening a window can help reduce the risk, only reforms can keep people safe, researchers wrote in a study in Environmental Science and Technology.</blockquote>
There isn’t anything that we can do about this, because federal law has mandated the use of these carcinogenic chemicals <a href="https://thehill.com/policy/energy-environment/4649281-chemicals-car-interiors-cancer-required-federal-law-study/">since the 1970s</a>…
<blockquote>Approximately 124 million Americans commute each day, spending an average of an hour in their cars.
By federal law, the interior of these vehicles are required to contain flame retardants, or chemicals that make it harder for them to combust in a crash.
These chemicals have been a legally mandated part of modern cars since the 1970s, when the National Highway Traffic Safety Administration (NHTSA) passed a law requiring their use.</blockquote>
Let me give you another example.
Most of our diets are heavily made up of sugary and fatty foods, and a study that was just conducted in Singapore has found that <a href="https://www.dailymail.co.uk/health/article-13325199/poor-diet-increases-cancer-risk-young-people-scientists.html">“a compound released when the body breaks down sugary and fatty foods”</a> is linked to higher rates of cancer…
<blockquote>A study in Singapore looked at the effect of methylglyoxal, a compound released when the body breaks down sugary and fatty foods, on a gene that helps fight off tumors.
In a first, the academics found that methylglyoxal was able to temporarily shut off the BRCA2 gene’s ability to protect against cancer forming and growing.
Doctors have known for decades that eating junk food is linked to a much higher risk of cancer, even if the person is not obese, but the exact mechanism is still being understood.</blockquote>
Needless to say, those two studies are just the tip of the iceberg.
Our air, our water, our soil, our food and thousands of products all around us are absolutely saturated with cancer-causing toxins.
I very much encourage everyone to minimize the risks, but it impossible to totally avoid them.
This is one of the reasons why I proclaim <a href="https://www.amazon.com/dp/B0CM4ZB9TW">a message of hope to my readers</a>, because the environment in which we live has been transformed into a toxic hell.
We are literally committing societal suicide in so many different ways, and our leaders have absolutely no intention of changing course.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on <a title="YouTube" href="https://www.youtube.com/channel/UCxiWTcd1PltIJcnFIoH0k4A" target="_blank" rel="noopener noreferrer">YouTube</a>, <a title="Facebook" href="https://www.facebook.com/michael.snyder.5076" target="_blank" rel="noopener noreferrer">Facebook</a> and <a title="Twitter" href="https://twitter.com/Revelation1217" target="_blank" rel="noopener noreferrer">Twitter</a>, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/it-is-being-projected-that-new-cases-of-cancer-in-the-u-s-will-explode-to-a-brand-new-record-high-this-year-2-million-in-2024/">It Is Being Projected That New Cases Of Cancer In The U.S. Will Explode To A Brand New Record High This Year (2 Million In 2024)</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<title>An Enormous Chunk Of The U.S. Population Is Either Homeless, Living In Poverty Or Considered To Be Among The Working Poor</title>
<link>http://theeconomiccollapseblog.com/an-enormous-chunk-of-the-u-s-population-is-either-homeless-living-in-poverty-or-considered-to-be-among-the-working-poor/</link>
<pubDate>Mon, 06 May 2024 20:56:08 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[The Economy]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22635</guid>
<description><![CDATA[As the U.S. economy slows down, those at the bottom of the economic food chain are being hit the hardest. Homelessness is surging, the number of Americans living in poverty is rising, and more Americans are considered to be among “the working poor” than ever before. Unfortunately, we are witnessing a historic economic shift right ... <a title="An Enormous Chunk Of The U.S. Population Is Either Homeless, Living In Poverty Or Considered To Be Among The Working Poor" class="read-more" href="http://theeconomiccollapseblog.com/an-enormous-chunk-of-the-u-s-population-is-either-homeless-living-in-poverty-or-considered-to-be-among-the-working-poor/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/an-enormous-chunk-of-the-u-s-population-is-either-homeless-living-in-poverty-or-considered-to-be-among-the-working-poor/">An Enormous Chunk Of The U.S. Population Is Either Homeless, Living In Poverty Or Considered To Be Among The Working Poor</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/an-enormous-chunk-of-the-u-s-population-is-either-homeless-living-in-poverty-or-considered-to-be-among-the-working-poor/homeless-in-the-united-states-pixabay/#main" rel="attachment wp-att-22637"><img class="aligncenter size-large wp-image-22637" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Homeless-In-The-United-States-Pixabay-560x560.jpg" alt="" width="560" height="560" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Homeless-In-The-United-States-Pixabay-560x560.jpg 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Homeless-In-The-United-States-Pixabay-300x300.jpg 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Homeless-In-The-United-States-Pixabay-768x768.jpg 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Homeless-In-The-United-States-Pixabay.jpg 1280w" sizes="(max-width: 560px) 100vw, 560px" /></a>As the U.S. economy slows down, those at the bottom of the economic food chain are being hit the hardest. Homelessness is surging, the number of Americans living in poverty is rising, and more Americans are considered to be among “the working poor” than ever before. Unfortunately, we are witnessing <a href="http://theeconomiccollapseblog.com/an-absolutely-enormous-economic-shift-of-historic-proportions-is-now-taking-place-right-in-front-of-our-eyes/">a historic economic shift</a> right now, and economic conditions are only going to get even more harsh during the months ahead. Needless to say, that is really bad news for all of us.
According to a report from Harvard University, approximately 650,000 Americans were homeless at some point last year. That represented an increase of <a href="https://www.wnd.com/2024/05/line-housed-homeless-growing-thinner-across-america/">nearly 50 percent</a> from 2015…
<blockquote>A January 25 report from Harvard’s Joint Center for Housing Studies estimated that over 650,000 Americans experienced homelessness in 2023—up almost 50% from 2015. Costs of renting and home ownership have skyrocketed while wages largely stagnate. The Harvard report found that half of U.S. households are “cost-burdened” (meaning that 30-50% of monthly income goes to housing), and 12 million people are “severely cost-burdened.” These Americans stand one accident, health setback, or employment disruption away from eviction.</blockquote>
During the past several years, scores of tent cities have sprouted like mushrooms in and around U.S. cities from coast to coast.
One 32-year-old woman named Brandy that is living in a tent city near Winterhaven, Florida says that she has been living there for five years and <a href="https://www.scrippsnews.com/politics/supreme-court/the-future-of-homeless-encampments-at-the-center-of-us-supreme-court-case">literally has nowhere else to go</a>…
<blockquote>Deep in the woods outside of Winterhaven, Florida, are a cluster of tents and tarps. There are 46 people that live in this homeless encampment, including Brandy C., who has been there for five years.
“I just made a mistake and I’ve been stuck here since. I’m trying to fix it and I can’t,” Brandy told Scripps News Tampa.
The 32-year-old said the homeless camp is not the safest environment, but it is somewhere she can lay her head at night. However, it could soon be taken away.
“They tell us, ‘y’all know y’all fixing to have to leave,'” Brandy said. “We’re like, ‘so where do we go?’”</blockquote>
These are the forgotten people that our politicians don’t like to talk about.
And their ranks are growing with each passing day.
In Denver, officials have spent <a href="https://denvergazette.com/colorado-watch/denver-homeless-crisis/article_e5749fc8-0641-11ef-97e1-5f7b7de18272.html">274 million dollars</a> to fight their homelessness crisis, but the area has still “added more homeless individuals than any other metro region in the country since 2018″…
<blockquote>Metro Denver’s homeless crisis has worsened and become among the most acute in the nation despite the city of Denver contracting for at least $274 million from 2021 through 2024 to keep people off the streets.
The Denver metro region has added more homeless individuals than any other metro region in the country since 2018, according to key metrics collected by the federal government.</blockquote>
Like we are seeing in so many other cities, mass migration has been playing a major role in Denver’s homelessness crisis.
We can’t even come close to taking care of the hundreds of thousands of Americans that are already homeless, and more deeply impoverished people are constantly being allowed to pour over our borders.
Meanwhile, the number of Americans that are living in poverty and the number of Americans that are considered to be among “the working poor” both continue to increase.
As I discussed <a href="http://theeconomiccollapseblog.com/an-absolutely-enormous-economic-shift-of-historic-proportions-is-now-taking-place-right-in-front-of-our-eyes/">last week</a>, more than 11 percent of Americans are officially impoverished, and another 29 percent are <a href="https://www.cnbc.com/2024/04/29/29percent-of-us-households-have-jobs-but-struggle-to-cover-basic-needs.html">“Asset Limited, Income Constrained, Employed”</a>…
<blockquote>Over time, higher costs and sluggish wage growth have left more Americans financially vulnerable, with many known as “ALICEs.”
Nearly 40 million families, or 29% of the population, fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United Way’s United for ALICE program, which first coined the term to refer to households earning above the poverty line but less than what’s needed to get by.
That figure doesn’t include the 37.9 million Americans who live in poverty, comprising 11.5% of the total population, according to data from the U.S. Census Bureau.</blockquote>
Do you understand what this means?
More than 40 percent of the U.S. population is either homeless, living in poverty or among the ranks of the “working poor”.
That is staggering.
The middle class is being absolutely eviscerated, and a lot more pain is on the way.
Former Merrill Lynch chief economist David Rosenberg accurately predicted the recession that hit us in 2008, and he is now warning that things are about to get really bad in this country.
In fact, even though the Biden administration is telling us that the economy added “175,000 jobs” last month, he is convinced that the economy <a href="https://www.dailymail.co.uk/news/article-13385907/economist-predicted-2008-recession-warns-recession-economy-david-rosenberg.html">is actually bleeding jobs</a>…
<blockquote>The US economy added 175,000 jobs last month, shy of economists’ forecasts for 238,000. In notes to clients Friday, the former Merrill Lynch chief economist explained why he views the numbers as a cause for concern.
He said the data is inconsistent with numbers coming from the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages and Business Employment Dynamics datasets, both of which stated the economy actually lost jobs in the third quarter.
Given the disparity, Rosenberg said the data is likely ‘overstated – by historical proportions.’</blockquote>
I agree with Rosenberg.
Large companies all over America have been conducting mass layoffs, and the numbers that we are getting from sources that are not controlled by the Biden administration clearly indicate that the economy is losing jobs.
But I am also convinced that our economic problems will accelerate significantly as we head toward the end of this year.
A <a href="https://www.amazon.com/dp/B0CM4ZB9TW">“perfect storm”</a> of factors is hurting economic performance all over the world, and I anticipate that global turmoil is only going to become more intense as the months roll along.
So what is the bottom line?
The bottom line is that more Americans will soon be homeless, more Americans will soon be living in poverty, and more Americans will soon be among the ranks of the “working poor”.
Our standard of living is steadily declining, and if you want someone to blame you can blame those that are currently running the show in Washington.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on <a title="YouTube" href="https://www.youtube.com/channel/UCxiWTcd1PltIJcnFIoH0k4A" target="_blank" rel="noopener noreferrer">YouTube</a>, <a title="Facebook" href="https://www.facebook.com/michael.snyder.5076" target="_blank" rel="noopener noreferrer">Facebook</a> and <a title="Twitter" href="https://twitter.com/Revelation1217" target="_blank" rel="noopener noreferrer">Twitter</a>, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/an-enormous-chunk-of-the-u-s-population-is-either-homeless-living-in-poverty-or-considered-to-be-among-the-working-poor/">An Enormous Chunk Of The U.S. Population Is Either Homeless, Living In Poverty Or Considered To Be Among The Working Poor</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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<title>Our Deer In The Headlights Moment: The “Worst Market Crash Since 1929” Is Rapidly Approaching And The Fed Doesn’t Know Which Way To Go</title>
<link>http://theeconomiccollapseblog.com/our-deer-in-the-headlights-moment-the-worst-market-crash-since-1929-is-rapidly-approaching-and-the-fed-doesnt-know-which-way-to-go/</link>
<pubDate>Sun, 05 May 2024 22:15:13 +0000</pubDate>
<dc:creator><![CDATA[Michael]]></dc:creator>
<category><![CDATA[Money]]></category>
<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=22630</guid>
<description><![CDATA[The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic just bit the dust, and literally ... <a title="Our Deer In The Headlights Moment: The “Worst Market Crash Since 1929” Is Rapidly Approaching And The Fed Doesn’t Know Which Way To Go" class="read-more" href="http://theeconomiccollapseblog.com/our-deer-in-the-headlights-moment-the-worst-market-crash-since-1929-is-rapidly-approaching-and-the-fed-doesnt-know-which-way-to-go/">Read more</a>
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/our-deer-in-the-headlights-moment-the-worst-market-crash-since-1929-is-rapidly-approaching-and-the-fed-doesnt-know-which-way-to-go/">Our Deer In The Headlights Moment: The “Worst Market Crash Since 1929” Is Rapidly Approaching And The Fed Doesn’t Know Which Way To Go</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
]]></description>
<content:encoded><![CDATA[<a href="http://theeconomiccollapseblog.com/our-deer-in-the-headlights-moment-the-worst-market-crash-since-1929-is-rapidly-approaching-and-the-fed-doesnt-know-which-way-to-go/deer-in-the-headlights-photo-by-fabrice-florin-posted-on-wikimedia-commons/#main" rel="attachment wp-att-22632"><img class="aligncenter size-large wp-image-22632" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Deer-In-The-Headlights-Photo-by-Fabrice-Florin-posted-on-Wikimedia-Commons-560x420.jpg" alt="" width="560" height="420" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Deer-In-The-Headlights-Photo-by-Fabrice-Florin-posted-on-Wikimedia-Commons-560x420.jpg 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Deer-In-The-Headlights-Photo-by-Fabrice-Florin-posted-on-Wikimedia-Commons-300x225.jpg 300w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Deer-In-The-Headlights-Photo-by-Fabrice-Florin-posted-on-Wikimedia-Commons-768x576.jpg 768w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/05/Deer-In-The-Headlights-Photo-by-Fabrice-Florin-posted-on-Wikimedia-Commons.jpg 1439w" sizes="(max-width: 560px) 100vw, 560px" /></a>The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic <a href="http://theeconomiccollapseblog.com/another-bank-bites-the-dust-once-the-dust-settles-who-will-be-the-next-dominoes-to-fall/">just bit the dust</a>, and literally thousands of other small and mid-size banks and in serious jeopardy. So it would be suicidal to hike rates at this point. But if the Fed were to reduce rates, that would be like injecting jet fuel into a raging fire. Our ongoing inflation crisis <a href="http://theeconomiccollapseblog.com/weekend-at-bernies-economy-joe-biden-seeking-another-term-wheels-out-the-corpse-of-the-u-s-economy/">is absolutely crushing working families</a>, and the rising cost of living has risen to the top of the list of things that U.S. voters are concerned about. The Fed seems very hesitant to cut rates, because that would make inflation even worse. So at this point the Fed is essentially caught in a “deer in the headlights” moment because it doesn’t know which way to go.
But staying on the path that we are currently on is only going to end in disaster.
Mark Spitznagel, the chief investment officer of Universa Investments, <a href="https://www.msn.com/en-us/money/savingandinvesting/ar-BB1lQKBL">recently warned</a> that he believes that the “worst market crash since 1929” is ahead of us…
<blockquote>One of Wall Street’s most bearish skeptics told Business Insider last month that he thinks the “worst market crash since 1929” is coming.</blockquote>
For years, our leaders have been “kicking the can down the road”, but according to Spitznagel all of that intervention has set the stage <a href="https://www.msn.com/en-us/money/savingandinvesting/ar-BB1lQKBL">for an absolutely epic collapse</a>…
<blockquote>In an interview with New York Magazine’s Intelligencer last year, Spitznagel likened the Fed’s “constant monetary intervention” to forest fire suppression.
He went on to say “when you suppress it enough, it gets to a point where you can no longer afford to have any fires burn because they would be too big and too intense.”
That’s where the U.S. economy is at, according to the hedge fund manager.
If Spitznagel’s dire market predictions come true, you really don’t want to have all of your eggs in one basket — because that basket could easily go up in flames.</blockquote>
In the months ahead, we will want to keep a very close eye on our banks.
Our banks are the beating heart of our economic system, because without the banks we would not have a functioning economy.
The banks are where we get mortgages to buy homes, auto loans to buy vehicles, and credit cards to go on shopping sprees.
Without the credit they provide, we would be in a world of hurt.
Unfortunately, our banks are in very serious trouble right now.
Higher interest rates have blown a hole that is hundreds of billions of dollars wide in their balance sheets.
And they are sitting on mountains of commercial real estate loans that are going bad because the value of commercial real estate <a href="http://theeconomiccollapseblog.com/u-s-cities-fall-into-a-doom-loop-as-the-cre-crisis-absolutely-explodes/">has collapsed</a> all over the nation.
One consulting firm that examined data from approximately 4,000 U.S. banks is warning that hundreds more banks <a href="https://justthenews.com/politics-policy/finance/wkd-bidenomics-tips-more-stressed-us-banks-warning-zone-economy-slows?utm_source=referral&utm_medium=offthepress&utm_campaign=home">could potentially fail during this crisis</a>…
<blockquote>According to recent reports, hundreds of banks face the potential of failing just like Republic First Bancorp.
<a href="https://www.klaros.com/post/is-the-banking-system-in-crisis-or-just-fine">Consulting firm Klaros Group</a> analyzed roughly 4,000 U.S. banks and found that the banks face a threat of losses due to “secular changes in social patterns accelerated by the COVID pandemic (such as work-from-home, which has materially impacted demand for office space) and to the impacts of higher interest rates and related inflation.”
“You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and head of North American banks at Fitch Ratings <a href="https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html">told CNBC in an interview</a>.</blockquote>
Meanwhile, we continue to get even more signs that the overall economy <a href="http://theeconomiccollapseblog.com/an-absolutely-enormous-economic-shift-of-historic-proportions-is-now-taking-place-right-in-front-of-our-eyes/">is really slowing down</a>.
For example, we just learned that Rue21 is going to be shutting down <a href="https://www.dailymail.co.uk/yourmoney/article-13384887/National-fashion-chain-shuts-stores.html">all 543 of their stores</a>…
<blockquote>Rue21 – the teen fashion chain that is a fixture in malls across America – is to shut all 543 US stores.
Customers will be able to pick up deals while the company clears its stock over the next four to six weeks – but then the 40-year-old chain will be gone forever. At its peak, it had 1,200 shops.
It is expected clearance items will start at 20 to 50 percent off then rise up to as much as 90 percent to clear stock that doesn’t initially sell.</blockquote>
All over America, stores are closing, businesses are fleeing our core urban areas, and once bustling office buildings are standing empty.
At this stage, everyone should be able to see where all of this is heading.
The Chinese certainly understand the direction that things are moving. The following comes from an article entitled <a href="https://dnyuz.com/2024/05/05/china-is-buying-gold-like-theres-no-tomorrow/">“China Is Buying Gold Like There’s No Tomorrow”</a>…
<blockquote>“China is unquestionably driving the price of gold,” said Ross Norman, chief executive of MetalsDaily.com, a precious-metals information platform based in London. “The flow of gold to China has gone from solid to an absolute torrent.”
Gold consumption in the country rose 6 percent in the first quarter from a year earlier, according to the China Gold Association. It came on the heels of a 9 percent increase last year.</blockquote>
Chinese consumers are voraciously buying gold because their own economy is crumbling and they can see what is happening to the global economy as a whole.
At the same time, China’s central bank is gobbling up gold <a href="https://dnyuz.com/2024/05/05/china-is-buying-gold-like-theres-no-tomorrow/">at an unprecedented rate</a>…
<blockquote>Another major buyer of gold in China is the country’s central bank. In March, the People’s Bank of China added to its gold reserves for a 17th straight month. Last year, the bank bought more gold than any other central bank in the world, adding more to its reserves than it had in nearly 50 years.
Beijing is buying up gold to diversify its reserve funds and reduce its dependence on the U.S. dollar, long considered the most important currency to hold in reserve. China has been reducing its U.S. Treasury holdings for more than a decade.</blockquote>
Traditionally, buying gold and other precious metals has been a way to preserve your assets if you think that a major crisis is coming.
And the truth is that a major crisis has already begun.
I <a href="https://www.amazon.com/dp/B0CM6S4V9V">have been warning my readers</a> that 2024 would be a very important year, and that has definitely turned out to be the case.
Of course all of this is very bad news for Joe Biden.
He had been hoping that an improving economy would help his chances in November, but instead there has been <a href="http://theeconomiccollapseblog.com/an-absolutely-enormous-economic-shift-of-historic-proportions-is-now-taking-place-right-in-front-of-our-eyes/">a dramatic shift in the wrong direction</a> just as we enter the most critical months of campaign season.
Michael’s new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com, and you can check out his new Substack newsletter <a title="right here" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">right here</a>.
<a href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer"><img class="aligncenter size-large wp-image-22564" src="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-560x894.png" sizes="(max-width: 560px) 100vw, 560px" srcset="http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos.png 560w, http://theeconomiccollapseblog.com/wp-content/uploads/2024/04/Chaos-188x300.png 188w" alt="" width="560" height="894" /></a>
About the Author: Michael Snyder’s extremely controversial new book entitled <a title="“Chaos”" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">“Chaos”</a> is available <a title="in paperback" href="https://www.amazon.com/dp/B0CM6S4V9V" target="_blank" rel="noopener noreferrer">in paperback</a> and <a title="for the Kindle" href="https://www.amazon.com/dp/B0CM4ZB9TW" target="_blank" rel="noopener noreferrer">for the Kindle</a> on Amazon.com. He has also written seven other books that are available <a title="on Amazon.com" href="https://www.amazon.com/stores/Michael-Snyder/author/B01DUPOJL2" target="_blank" rel="noopener noreferrer">on Amazon.com</a> including <a title="“End Times”" href="https://www.amazon.com/End-Times-Michael-Snyder-ebook/dp/B0BL644Y14" target="_blank" rel="noopener noreferrer">“End Times”</a>, <a title="“7 Year Apocalypse”" href="https://www.amazon.com/dp/B099C8R1V1" target="_blank" rel="noopener noreferrer">“7 Year Apocalypse”</a>, <a title="“Lost Prophecies Of The Future Of America”" href="https://www.amazon.com/Prophecies-Future-America-Michael-Snyder/dp/B08DBNHDJS" target="_blank" rel="noopener noreferrer">“Lost Prophecies Of The Future Of America”</a>, <a title="“The Beginning Of The End”" href="https://www.amazon.com/dp/1484871308" target="_blank" rel="noopener noreferrer">“The Beginning Of The End”</a>, and <a title="“Living A Life That Really Matters”" href="https://www.amazon.com/gp/product/1548492604" target="_blank" rel="noopener noreferrer">“Living A Life That Really Matters”</a>. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his <a title="Substack newsletter" href="https://michaeltsnyder.substack.com/" target="_blank" rel="noopener noreferrer">Substack newsletter</a>. Michael has published thousands of articles on <a title="The Economic Collapse Blog" href="http://theeconomiccollapseblog.com/">The Economic Collapse Blog</a>, <a title="End Of The American Dream" href="http://endoftheamericandream.com/" target="_blank" rel="noopener noreferrer">End Of The American Dream</a> and <a title="The Most Important News" href="http://themostimportantnews.com/" target="_blank" rel="noopener noreferrer">The Most Important News</a>, and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael on <a title="YouTube" href="https://www.youtube.com/channel/UCxiWTcd1PltIJcnFIoH0k4A" target="_blank" rel="noopener noreferrer">YouTube</a>, <a title="Facebook" href="https://www.facebook.com/michael.snyder.5076" target="_blank" rel="noopener noreferrer">Facebook</a> and <a title="Twitter" href="https://twitter.com/Revelation1217" target="_blank" rel="noopener noreferrer">Twitter</a>, and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ <a title="to be your Lord and Savior" href="http://themostimportantnews.com/important-thing" target="_blank" rel="noopener noreferrer">to be your Lord and Savior</a> today.
The post <a rel="nofollow" href="http://theeconomiccollapseblog.com/our-deer-in-the-headlights-moment-the-worst-market-crash-since-1929-is-rapidly-approaching-and-the-fed-doesnt-know-which-way-to-go/">Our Deer In The Headlights Moment: The “Worst Market Crash Since 1929” Is Rapidly Approaching And The Fed Doesn’t Know Which Way To Go</a> appeared first on <a rel="nofollow" href="http://theeconomiccollapseblog.com">The Economic Collapse</a>.
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