Showing posts with label The Economic Collapse. Show all posts
Showing posts with label The Economic Collapse. Show all posts

Monday, March 7, 2016

Thanks To The Republican Civil War, Every Scenario Ends With Hillary Clinton Winning The Election - Michael Snyder THE ECONOMIC COLLAPSE BLOG

Hillary Clinton_Testimony_to_House_Select_Committee_on_Benghazi - Public Domain
Posted: 06 Mar 2016  Michael Snyder  THE ECONOMIC COLLAPSE BLOG

What is the worst possible outcome for the presidential election of 2016?  Assuming that an election will actually take place, that is an easy question to answer – Hillary Rodham Clinton as the next president of the United States.  She is truly evil in every sense of the word, and the implications of what four (or eight) years of Hillary would mean for our nation are almost too terrible to imagine.  

That is why it is so depressing watching what is happening to the Republican Party right now.  The civil war in the Republican Party is ripping it to shreds, and as a result of all this warfare every plausible scenario for what will happen the rest of the way ends with Hillary Clinton winning the 2016 election.

According to the Associated Press, here is how the Republican delegate count stands as of right now…

Donald Trump: 384
Ted Cruz: 300
Marco Rubio: 151
John Kasich: 37

Ted Cruz looks like he is within shooting distance of Trump, but that is an illusion.  The early part of the schedule was full of states where Cruz was expected to do well, but now the map is going to work very much against him.

At this point, the only candidate that looks like he may be able to accumulate 1,237 delegates before the convention is Trump, and that is far from guaranteed.  So far, Trump has won approximately 44 percent of the delegates during the caucuses and primaries.  By the time it is all said and done, he will need to have slightly more than 60 percent of all the delegates awarded during the caucuses and primaries to guarantee himself the nomination before the Republican convention.  That is because there are hundreds of delegates that are not awarded during the caucuses and the primaries, and almost all of those delegates are members of the Republican establishment.

Trump can still get there by racking up large delegate totals in winner-take-all states such as California, but it will be a challenge.  The entire Republican Party establishment, Fox News, Glenn Beck and a significant number of other prominent conservative voices have all declared war on Trump.  In fact, there are super PACs that are going to spend tens of millions of dollars doing nothing but trying to destroy Trump.

If the Republican Party actually wanted to beat Hillary Clinton in November, they should be rallying around Trump and trying to help him, because he would definitely need a lot of help to win the general election.

According to Real Clear Politics, the latest three polls all have Trump losing to Clinton by at least 5 points.  In key states such as Michigan, the numbers are quite a bit more dismal.  Over the next few months, those numbers are likely to get even worse as Trump is savagely assaulted by the Republican establishment and relentlessly bombarded by tens of millions of dollars of negative attack ads.  

Meanwhile, Clinton is cruising along virtually unscathed.

Of course in a just world Hillary Clinton would have already been arrested and put in prison.  There is no possible way that she should be running for president of the United States.  Unfortunately, we live in a deeply corrupt society, and this is the way that things work.

If by some miracle he does survive to become the nominee, a significantly weakened Trump would then have to face the full power of the Clinton political machine.  It is estimated that a billion dollars could be spent on the Democratic side this time around, and Trump does not have the resources to match that.  

Normally big Republican donors rally around the nominee, but in this case the big money is fighting like crazy to defeat Trump.  In a general election matchup, it really would be David vs. Goliath, and Trump would not be Goliath.

If Donald Trump does not accumulate 1,237 delegates before the convention, then we would be headed for what is known as a “brokered convention“.  The rules are very complicated, but the key thing to remember is that the delegates are only bound for the first vote.  After that, they can vote for whoever they want.

And it is very important to note that the campaigns don’t pick their delegates.  Becoming a delegate is a long and tedious process in most states, and most of them are party loyalists.
In the end, a “brokered convention” would almost certainly result in an establishment candidate being chosen as the nominee.  Needless to say, the names “Trump” and “Cruz” would not be on that list.

Have you noticed that Mitt Romney has started to put himself out there lately?  His verbal attacks on Trump have been absolutely scathing, and he told Fox News that he would not say no if he was “drafted” to become the nominee at the Republican convention…
Romney, a former Massachusetts governor and the Republicans’ 2012 presidential nominee, repeated remarks from last week, telling “Fox News Sunday” that he wouldn’t launch an eleventh-hour campaign for president. But he declined to reject being “drafted” at the GOP convention in July to be the party’s general election candidate.
It would be absurd to say that if I were drafted I’d say no,” Romney said.
Behind the scenes, much more is going on.  In fact, CNN is reporting that Romney’s team is actively working on a plan to steal the nomination from Trump at the convention…
Mitt Romney has instructed his closest advisers to explore the possibility of stopping Donald Trump at the Republican National Convention, a source close to Romney’s inner circle says.
The 2012 GOP nominee’s advisers are examining what a fight at the convention might look like and what rules might need revising.
It sounds like the plan is to lock the convention,” said the source.
If Romney does emerge as the nominee, does anyone actually believe that he will defeat Clinton?

Of course not.  Trump’s millions of supporters will be absolutely infuriated, and many of them would absolutely refuse to cast a vote for Romney in the general election.

In the end, it would be the same result – a victory for Hillary Clinton.

The next few weeks are going to be very interesting.  If Trump wins Florida and Ohio, there is going to be a lot of pressure on Marco Rubio and John Kasich to get out of the race, and the path to 1,237 delegates would appear to be clear.

However, Mitt Romney could attempt to derail the Trump bandwagon by jumping in the race after March 15th.  Romney’s goal would be to capture enough delegates in winner-take-all states such as California to keep Trump from getting to the magic number of 1,237.  If Romney could do that, he knows that he would likely come out of a brokered convention as the nominee.

But no matter what happens on the Republican side from this point forward, it is going to take a miracle of epic proportions to keep Hillary Clinton from winning the presidency.  Every plausible scenario ends with her in the White House, and that is a truly horrible thing to imagine.

Friday, March 4, 2016

The Economic Collapse Of South America Is Well Underway - Michael Snyder THE ECONOMIC COLLAPSE

Earth - Our World - Public Domain

Posted: 03 Mar 2016   Michael Snyder  THE ECONOMIC COLLAPSE

The 7th largest economy on the entire planet is completely imploding.  I have written previously about the economic depression that is plaguing Brazil, but since my last article it has gotten much, much worse.  During 2015, Brazil’s economy shrank by 3.8 percent, but for the most recent quarter the decline was 5.89 percent on a year over year basis.  Unemployment is rising rapidly, the inflation rate is up over 10 percent, and Brazilian currency has lost 24 percent of its value compared to the U.S. dollar over the past 12 months.

At this point, Brazil is already experiencing its longest economic downturn since the Great Depression of the 1930s, and things are getting worse for ordinary Brazilians every single day.  The following comes from CNN
But with Brazil plunging into its worst recession in over two decades — hopes for a brighter future are fading. The Brazilian economy shrank 3.8% in 2015, according to government data published Thursday. That’s the biggest annual drop since 1990 and the country is in its longest recession since the 1930s.
I have never seen anything like this,” said Alves, 24, as he stood on his balcony overlooking Rocinha, a massive lower middle class neighborhood or favela in Rio de Janeiro where he grew up. “My parents would tell me about hard times, but today it is really tough. Prices are going up every day.”
So how did this happen?

Well, there are a couple of factors that are really hurting South American economies.
Number one, during the “boom years” governments and businesses in South America absolutely gorged on debt.  Unfortunately, many of those loans were denominated in U.S. dollars, and now that the U.S. dollar has appreciated greatly against local South American currencies it is taking far more of those local currencies to service and pay back those debts.

Number two, collapsing prices for oil and other commodities have been absolutely brutal for South American economies.  They rely very heavily on exporting commodities to the rest of the world, and so at the same time their debt problems are exploding they are getting a lot less money for the oil and industrial commodities that they are trying to sell to North America, Asia and Europe.

I want you to pay close attention to the following chart and analysis from Zero Hedge.  As you can see, the economic problems in Brazil appear to be greatly accelerating…
“The Brazilian economic downturn took a real turn for the worse in February,” according to Markit’s Composite PMI, which collapsed to record lows at 39.0. Despite a slightly less bad than expected GDP print this morning (still down a record 5.89% YoY), hope was quickly extinguished as PMIs showed economic activity continuing to contract at a record pace, job losses accelerating, and manufacturing’s collapse accelerating. As Market sums up, “With the global economy also showing signs of slowing, which will impact on external demand, it looks as if the downturn is set to continueto run its course in the coming months.”
             GDP was a disaster (but better than expected)

Brazil GDP - Zero Hedge 
And of course Brazil is not the only South American economy that is a basket case right now.  In fact, things in Venezuela are far worse.  In 2015, the Venezuelan economy shrunk by 10 percent, and the official rate of inflation was a staggering 181 percent.
Could you imagine living in an economy with a 181 percent inflation rate? 

As prices have escalated out of control, citizens have attempted to hoard basic supplies in advance, and this has resulted in food shortages that are absolutely frightening
Cardboard signs on the door warning of “No bread” have become increasingly common at Venezuelan bakeries.
Venezuela gets 96 percent of its foreign currency from oil exports, and as crude prices have plunged, so have the country’s imports — among them wheat.
The leftist government of President Nicolas Maduro has tightly controlled access to hard currency, and this has affected imports ranging from medicine to toilet paper. Now it is seriously affecting imports of wheat, which Venezuela does not grow.
Add to this the soaring inflation rate — 181 percent in 2015, the world’s highest — and you see why customers are mainly interested in buying basic food items such as bread.
Here in the United States, there are still people who doubt that an economic crisis is happening.

But in Venezuela and Brazil there is no debate.

Unfortunately, what is happening in Venezuela and Brazil is also slowly starting to happen to most of the rest of the planet as well.  It is just that they are a little farther down the road.  Economic and financial bubbles are bursting all over the world, and I like how author Vikram Mansharamani described this phenomenon during a recent interview with CNBC
Deflationary tides are lapping the shores of countries across the world and financial bubbles are set to burst everywhere, Vikram Mansharamani, a lecturer at Yale University, told CNBC on Thursday.
I think it all started with the China investment bubble that has burst and that brought with it commodities and that pushed deflation around the world and those ripples are landing on the shore of countries literally everywhere,” the high-profile author and academic said at the Global Financial Markets Forum in Abu Dhabi.
And of course the evidence of what Mansharamani was talking about is all around us.

Just this week we found out that Chinese state industries plan to lay off five to six million workers, U.S. factory orders have now fallen for 15 months in a row, and the corporate default rate in the United States has now risen above where it was at when Lehman Brothers collapsed.

There are some people that would like to point to the fact that stocks have bounced back a bit over the past couple of weeks as evidence that the crisis is over.

If they want to believe that, they should go ahead and believe that.

Unfortunately, the truth is that the hard economic numbers that are coming in from all over the world tell us very clearly that global economic activity is slowing down significantlyA new global recession has already begun, and the pain that is already being felt all over the planet is just the beginning of what is coming.

Wednesday, March 2, 2016

Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy - Michael Snyder THE ECONOMIC COLLAPSE

Panic Button On Keyboard - Public Domain

Posted: 01 Mar 2016 Michael Snyder  THE ECONOMIC COLLAPSE


We haven’t seen numbers like these since the last global recession.  I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing.  We just learned that manufacturing in China has now been contracting for seven months in a row, and as you will see below, U.S. manufacturing is facing “its toughest period since the global financial crisis”.  

Yes, global stocks have bounced back a bit after experiencing dramatic declines during January and the first part of February, and this is something that investors are very happy about.  But that does not mean that the crisis is over.  All bear markets have their ups and downs, and this one will not be any different.  

Meanwhile, the cold, hard economic numbers that keep coming in are absolutely screaming that a new global recession is here.

Just consider what is happening in China.  Manufacturing activity continues to implode, and factories are shedding jobs at the fastest pace since the last financial crisis
Chinese manufacturing suffered a seventh straight month of contraction in February.
China’s official Purchasing Managers’ Index (PMI) stood at 49.0 in February, down from the previous month’s reading of 49.4 and below the 50-point mark that separates growth from contraction on a monthly basis.
A private survey also showed China’s factories shed jobs at the fastest rate in seven years in February, raising doubts about the government’s ability to reduce industry overcapacity this year without triggering a sharp jump in unemployment.
For years, the expansion of the Chinese economy has helped fuel global economic growth. But now things have shifted dramatically.

At this point, things are already so bad that the Chinese government is admitting that millions of workers are going to lose their jobs at state-controlled industries in China…
China’s premier told visiting U.S. Treasury Secretary Jacob Lew on Monday his government is pressing ahead with painful reforms to shrink bloated coal and steel industries that are a drag on its slowing economy and ruled out devaluing its currency as a short-cut to boosting exports.
Premier Li Keqiang’s comments to Lew on Monday were in line with a joint declaration by financial officials from the Group of 20 biggest rich and developing economies who met over the weekend in Shanghai. They pledged to avoid devaluations to boost sagging trade and urged governments to speed up reforms to boost slowing global growth.
Across all state-controlled industries, as many as six million workers could be out of a job, with almost two million in the coal industry alone.
But it isn’t just China.  Right now manufacturing activity is slowing down literally all over the planet, and this is exactly what we would expect to see if a new global recession had begun.  The following chart and analysis come from Zero Hedge
As the below table shows, 28 regions have reported so far. Seven saw improvements in their manufacturing sectors in February, twenty recorded a weakening, and India was unchanged. 
This means that over 70% of the world saw manufacturing sentiment deteriorate in February compared to January.

February Manufacturing Numbers - Zero Hedge

In terms of actual expansion, there were 21 countries in positive territory and 7 in negative. In particular, Greece moved from neutral to contraction territory, while Taiwan dropped below breakeven from expansion.
Unfortunately, most Americans don’t really pay much attention to what is going on in the rest of the world.  For most of us, what really matters is what is happening inside the good ole USA.
And of course the news is not good.  There were more signs of trouble for U.S. manufacturing in the February numbers, and this continues a trend that stretches back well into last year.  The following is what Chris Williamson, the chief economist at Markit, had to say about these numbers
“The February data add to signs of distress in the US manufacturing economy. Production and order book growth continues to worsen, led by falling exports. Jobs are being added at a slower pace and output prices are dropping at a rate not seen since mid-2012.
“The deterioration in the manufacturing sector’s performance since mid-2014 has broadly tracked the dollar’s rise, which makes US goods more expensive in overseas markets and leads US consumers to favour cheaper imported goods.
“With other headwinds including the downturn in the oil sector, heightened uncertainty due to financial market volatility, global growth worries and growing concerns about the presidential election, it’s no surprise that the manufacturing sector is facing its toughest period since the global financial crisis.
Over the past couple of decades, the U.S. economy has lost tens of thousands of manufacturing facilities.  We desperately need a manufacturing renaissance – not another manufacturing decline.

As good paying manufacturing jobs have been shipped overseas, they have been replaced by low paying service jobs.  As a result, the middle class is shrinking and the ranks of the poor are exploding.

It is hard to believe, but today more than 45 million Americans are on food stamps, and a significant percentage of those individuals actually have jobs.  They are called “the working poor”, and it is becoming a major crisis in this nation.

And no matter what Obama may say, unemployment remains a major problem in the United States as well.  At this point, unemployment rates in 36 states are higher than they were just before the last recession hit in 2008.

Of course a lot of people are going to look at this article and will point to the stock market gains of the past couple of weeks as evidence that “things are getting better”.  It is this kind of clueless approach that is keeping the American people from coming together on solutions to our problems.

The truth is that the United States has been experiencing economic decline for decades.  Our economic infrastructure has been gutted, the middle class is steadily deteriorating, and we have amassed the biggest pile of debt in the history of the world.

Anyone that believes that things are “just fine” is in a massive state of denial.  Consuming far more wealth than we produce is not a formula for a sustainable economy, and it is just a matter of time before we find this out the hard way.

Tuesday, February 23, 2016

Recession 2016: In Some States, A Very Deep Economic Downturn Has Already Arrived - Michael Snyder THE ECONOMIC COLLAPSE BLOG

Posted: 22 Feb 2016 Michael Snyder  THE ECONOMIC COLLAPSE BLOG

Did you know that there are some U.S. states that have already officially fallen into recession?  Economic activity all over the planet is in the process of slowing down, and there are some areas of the country that are really starting to feel the pain.  

In particular, any state that is heavily dependent on the energy industry is hurting right now.  During the years immediately following the last recession, the energy industry was the primary engine for the growth of good paying jobs in America, but now that process is completely reversing.  All over the U.S. energy companies are going under, and thousands upon thousands of good jobs are being lost.

On Sunday evening, Bloomberg published an article entitled “The U.S. States Where Recession Is Already a Reality“. The following is an excerpt from that article…
As economists size up the chances of the first nationwide slump since 2009, pockets of the country are already contracting. Four states — Alaska, North Dakota, West Virginia and Wyoming — are in a recession, and three others are at risk of prolonged declines, according to indexes of state economic performance tracked by Moody’s Analytics.
The three additional states that are “at risk of prolonged declines” are Louisiana, New Mexico and Oklahoma.  What all of those seven states have in common is a strong dependence on the energy industry.  Last year, 67 oil and gas companies in the United States filed for bankruptcy, and approximately 130,000 good paying energy jobs were lost.
If the price of oil does not go back up, this could be just the beginning.  It is being reported that a whopping 35 percent of all oil and gas companies around the planet are at risk of falling into bankruptcy, and the financial institutions that have been backing these energy companies are getting very nervous.

Of course things could shift dramatically for oil and gas companies if World War 3 suddenly erupts in the Middle East, and that could literally happen at any time.  But for the moment the outlook for the energy industry continues to be quite dreary.

Let us also keep in mind that the problems for the U.S. economy are not limited to the energy industry.  According to CNBC, corporate profits in the United States have now declined for three straight quarters, and this is the very first time this has happened since the last recession…
With 87 percent of the S&P 500 reporting, total blended fourth-quarter earnings have shown a decline of 3.6 percent, according to FactSet. Assuming the trend holds up, it will mark the first time profits have fallen for three straight quarters since 2009.
But the road ahead doesn’t get any easier.
FactSet is now projecting that earnings will decline 6.9 percent in the first quarter, a stunning move lower over time considering that in September the expectation was for 4.8 percent growth.
As corporate profits fall, layoffs are starting to increase.  Just the other day we learned that the number of job cuts in this country shot up 218 percent during the month of January according to Challenger, Gray & Christmas.

It is starting to look very much like 2008 all over again, and I am convinced that it will soon be much, much harder to find work in America.

Here are some more numbers that indicate that the U.S. is heading into a major economic slowdown…
U.S. exports were down 7 percent on a year over year basis in December.
U.S. manufacturing activity has been in contraction for four months in a row.
U.S. factory orders have fallen for 14 months in a row.
The Restaurant Performance Index in the United States has dropped to the lowest level that we have seen since 2008.
Orders for Class 8 trucks in the United States dropped by 48 percent on a year over year basis in January.

But the mainstream media continues to try to convince all of us that everything is going to be just fine.  Earlier today, CNN ran an article entitled “U.S. recession fears fade after market rally“, and the Wall Street Journal published an article entitled “The U.S. Economy Is in Good Shape” that got a tremendous amount of attention.

Well, if the U.S. economy is in such great shape, then why are some of the biggest retailers in the entire nation shutting down stores at a frightening pace.  The following list of store closures comes from one of my previous articles

-Wal-Mart is closing 269 stores, including 154 inside the United States.

-K-Mart is closing down more than two dozen stores over the next several months.

-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

-Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

-The Gap is in the process of closing 175 stores in North America.

-Aeropostale is in the process of closing 84 stores all across America.

-Finish Line has announced that 150 stores will be shutting down over the next few years.

-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.

Perhaps things look fine for the moment in New York City or Washington D.C. or San Francisco or wherever it is that these “reporters” write their articles.

But for ordinary Americans that operate in the real world, the pain of this new economic downturn is already exceedingly apparent.  Here is more from Bloomberg
Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived.
Everyone is going to have to tighten their belts,” said Oxley, the 48-year-old owner of a Charleston-area construction company. “The next couple of years are going to be difficult.”
Unfortunately for hard working Americans like Oxley, what we have seen so far is just the tip of the iceberg. We have entered a long downturn that is ultimately going to be even more painful than the last recession was.

And everything changes if Saudi Arabia and Turkey get trigger happy and decide to invade Syria.  If that happens, it could very well be the spark that sets off World War 3 and a full-blown meltdown of the global financial system.

Monday, February 22, 2016

World War 3 Could Very Easily Turn Into The Very First Nuclear War In The Middle East - Michael Snyder THE ECONOMIC COLLAPSE

Nuclear War - Public Domain
World War 3 Could Very Easily Turn Into The Very First Nuclear War In The Middle East 
Michael Snyder  THE ECONOMIC COLLAPSE

Saudi Arabia already has nukes, Iran probably does, and the Russians are one of the two great nuclear powers on the entire planet.  So if Saudi Arabia, Turkey and their Sunni allies do decide to conduct a full-blown ground invasion of Syria, could someone ultimately decide to use nuclear weapons when their backs get pushed up against a wall?

As you read this article, there are thousands of military vehicles and hundreds of thousands of troops massed along the southern border of Turkey and the northern border of Saudi Arabia.  If the command is given and those forces start streaming toward Damascus, it is inevitable that the Syrians, the Iranians, Hezbollah and the Russians would fight back.  It would literally be the start of World War 3, and the Saudis and the Turks are trying very hard to convince the United States to be involved.

But the truth is that we don’t want any part of this conflict, because it could very easily become the very first nuclear war in the history of the Middle East.

Perhaps you didn’t know that the Saudis already have nukes.  Of course the official position is that they don’t, but it is a fact that they were the ones that funded the development of Pakistan’s nuclear program.  It is an open secret that the Saudis have the bomb, but nobody is really supposed to talk about it.

That is why it was so alarming what Saudi political analyst Dahham Al-‘Anzi told RT just recently
Earlier this week a Saudi political analyst told RT’s Arab network the kingdom has a nuclear weapon.
Dahham Al-‘Anzi made the claim while saying Saudi Arabia is engaged in an effort to “minimize the Iranian threat in the Levant and Syria.”
Although Saudi Arabia has officially denied it has a nuclear weapons program and has publicly stated it opposes nuclear weapons in the Middle East, it has funded a military nuclear program and received scientific assistance from the United States and Pakistan.
You can watch video of this exchange right here

If you don’t want to believe him, perhaps you will believe the former director of the CIA counter-terrorism operations center.  He told Fox Business that everyone in the intelligence world knows the Saudis have nukes

If the fur started flying in Syria and Russia and Iran decided to start bombing Saudi airbases, would Saudi Arabia resort to using their nukes?

Let’s hope not.

In the event of a massive ground invasion by Saudi Arabia, Turkey and their allies, it is actually more likely that Russia may decide to be the first one to use nukes.  An invasion force of hundreds of thousands of troops would vastly outnumber the relatively small Russian force that is already inside Syria, and so the Russians may feel that the only way that they can keep the Sunni powers out of Damascus is to use tactical nukes.

Russia has more tactical nukes that anyone else in the world by far, and there are some reports that indicate that Russia may be prepared to use them in Syria.  For example, former Associated Press reporter Robert Parry, the author of America’s Stolen Narrative, says that a source has told him that the Russians have already warned Turkey that this could potentially happen
If Turkey (with hundreds of thousands of troops massed near the Syrian border) and Saudi Arabia (with its sophisticated air force) follow through on threats and intervene militarily to save their rebel clients, who include Al Qaeda’s Nusra Front, from a powerful Russian-backed Syrian government offensive, then Russia will have to decide what to do to protect its 20,000 or so military personnel inside Syria.
A source close to Russian President Vladimir Putin told me that the Russians have warned Turkish President Recep Tayyip Erdogan that Moscow is prepared to use tactical nuclear weapons if necessary to save their troops in the face of a Turkish-Saudi onslaught. Since Turkey is a member of NATO, any such conflict could quickly escalate into a full-scale nuclear confrontation.
Given Erdogan’s megalomania or mental instability and the aggressiveness and inexperience of Saudi Prince Mohammad bin Salman (defense minister and son of King Salman), the only person who probably can stop a Turkish-Saudi invasion is President Obama. But I’m told that he has been unwilling to flatly prohibit such an intervention, though he has sought to calm Erdogan down and made clear that the U.S. military would not join the invasion.
Are you starting to understand how serious this is?

With all of the talk of a potential invasion in recent days, the Russians are on high alert and are rapidly preparing for a direct conflict with both Saudi Arabia and Turkey.  The following comes from Infowars
Still, the Russians are taking no chances and they have put all their forces into high alert. They have very publicly dispatched a Tu-214r – her most advanced ISR (Intelligence Surveillance Reconnaissance) aircraft. You can think of the Tu-214R as an “AWACS for the ground”, the kind of aircraft you use to monitor a major ground battle (the regular Russian A-50Ms are already monitoring the Syrian airspace). In southern Russia, the Aerospace forces have organized large-scale exercises involving a large number of aircraft which would be used in a war against Turkey: SU-34s. The Airborne Forces are ready. The naval task forces off the Syrian coast is being augmented. The delivery of weapons has accelerated. The bottom line is simple and obvious: the Russians are not making any threats – they are preparing for war. In fact, by now they are ready.
In addition, it is important to remember that it is quite likely that the Iranians have nuclear weapons as well.

Of course the U.S. government and the Iranian government both insist that Iran does not have nukes, but many of those in the know insist otherwise.

For instance, you may want to consider what retired U.S. Army Major General Paul Vallely and U.S. Air Force Lt. Col. Dennis B. Haney are saying.  The following comes from an article that was authored by Jerome Corsi of WND
In a joint statement, Vallely and Haney say an accumulation of available evidence shows a coalition of Russia, China and North Korea have assisted Iran since 1979 in achieving a nuclear weapon, despite sanctions, under the guise of a domestic nuclear energy program.
Vallely explained to WND that he and Haney have taken a systematic approach to evaluating each component needed to deliver a nuclear weapon, from the development and testing of a ballistic missile system, to the design of a nuclear weapons warhead, to the development of the weapons-grade uranium needed to produce a bomb.
“To come to our conclusion that Iran is a nuclear weapons power right now, we supplemented publicly available research, plus information from intelligence sources, including Iranian resistance groups such as the National Council of Resistance of IRAN, NCRI,” Vallely explained.
I happen to agree with Vallely and Haney.  I cannot prove it, but all of the intel that I have received indicates that Iran already has nukes.

Hopefully I will not be proven accurate any time soon.

It had been hoped that a cease-fire could be negotiated that would at least temporarily defuse tensions in Syria.  Unfortunately, it does not look like the shooting is going to stop, and this is going to put immense pressure on both Saudi Arabia and Turkey to do something to rescue the radical Sunni militants that are on the verge of defeat.  The Saudis, the Turks and their allies have poured enormous amounts of money and resources into this war over the past five years, and now they are faced with the choice of either accepting defeat or directly intervening in this conflict themselves.

But in order to conduct a full-fledged ground invasion, they are going to need justification for doing so.  There are some that are suggesting that we could soon see a false flag attack that would provide that justification, so that is something to watch out for.
I can’t remember a time when our planet has been so close to World War 3 potentially beginning.

And if it does break out, I believe that it is quite likely that nuclear weapons will be used.

So what do you think?

Do you agree with me?

Friday, February 19, 2016

Do Not Despise Small Beginnings – An Incredible True Story That You May Find Hard To Believe - Michael Snyder THE ECONOMIC COLLAPSE

Michael Snyder

Posted: 18 Feb 2016   Michael Snyder  THE ECONOMIC COLLAPSE


It has been said that a journey of a thousand miles begins with a single step.  Well, I would like to share a little bit of my journey with you, and hopefully this will inspire someone out there.  We live in a day and age when you don’t have to be a celebrity to make a difference.  

I know this is true because ten years ago I was about as anonymous as you could possibly get.  I was newly married and working as a lawyer in the heart of Washington D.C. not too far from the White House.  That may sound glamorous to you, but it definitely was not.  Approximately one out of every 12 residents of D.C. is a lawyer according to some estimates, and so they are a dime a dozen.  And my work was about as meaningless as you could get.  If there was a lawyer version of a toilet scrubber, that would have been me.  Nobody knew who I was, and nobody cared who I was.  I was having no real measurable impact on the world around me, but I wanted to.  I just didn’t know how.

In 2008, I started to look into something called blogging.  I learned that there were more than a million blogs already on the Internet by that time, and so I had no idea why anyone would possibly want to read anything that I had to say, but I decided to try it.  I began with a few free Blogger blogs, and my readership in those days could have been measured with a magnifying glass.

But I stuck with it.

And that is one of the keys to success in any area of life.  So many people give up if they don’t have immediate success.  And that is so sad, because all “overnight success stories” had to start somewhere. So do not despise small beginnings – they can ultimately lead to something great.

Eventually my readership began to grow, and the real turning point for me came when I left the legal world at the end of 2009 and started The Economic Collapse Blog.  Of course that had very humble beginnings as well.  The first month the site was live I only had about 4,800 pageviews.  But that was a whole lot more than I had before.

Very early on I decided that I was going to try to put out the highest quality articles that I could possibly write, and people really responded to that.  They knew that they weren’t getting straight answers about the economy from the mainstream media, and they were seeking out alternative sources of information.  We have seen the “alternative media” absolutely explode in recent years, and I am proud to be part of that revolution.

In early 2010, my wife and I decided to take a leap and move across the country to a little town outside of Seattle, Washington.  We didn’t really have much money, so it was kind of a crazy thing to do.  But we felt called to do it, so by faith we packed up our lives and moved all the way across the continent.  We figured that I could make a little money writing and she could make a little money painting furniture and we could figure out a way to survive somehow.

We spent a little over a year out near Seattle, and during that time The Economic Collapse Blog started to grow by leaps and bounds.  We also had other websites such as End Of The American Dream and The Most Important News that were really starting to grow as well, and so we felt secure enough to seek out a more permanent home.  That was always the plan anyway, because we wanted to get away from the large population centers.

God eventually led us to a wonderful home in the mountains in a very isolated part of the northwest United States.  And my wife and I both agree that this is the best place that either of us have ever lived.  We absolutely love the peace and quiet, and the view that we have across the valley is priceless.  I could have very easily sat up on that mountain living a very quiet life for the rest of my days and been very happy.

But God had other things in mind for us.  When we moved up there, we believed that God was instructing us to prepare for what He wanted us to do.  So we studied, and we prayed and we kept working on our websites.  And then we studied, and we prayed and we worked some more.  We never knew what kinds of doors God was going to open up for us.  By faith we just tried to do what we believed that He was instructing us to do.

And of course many of you already know about the amazing doors that God has been opening up for us over the past few years.  He is doing things that I never even would have imagined asking Him to do.

The reason why I am sharing all of this is to say that if someone like me can be used to make a difference, so can you.

If a completely anonymous Washington D.C. lawyer can move to the mountains in the middle of nowhere and be used to touch millions of lives all over the planet, that just shows that all things are possible with God.

Of course not everyone has a talent for writing.  But we all have some way to make a difference.  Individually, each one of us in limited, but collectively we can make a massive difference in this world if we are willing to work together.

When I was growing up, I wanted to be a rock star someday, but to this day I still don’t have any musical talent.  However, there are people out there with amazing gifts in that area, and I often find myself in awe of their talents.

Other people can make a different in other areas.  What some people are about to do with YouTube videos absolutely amazes me.  Others write gripping novels or host amazing radio shows.  And yet others organize street protests or get heavily involved in local politics.

We all have different gifts and abilities, and we all have ways that we can make a difference.
Part of my message is to warn people about the incredibly hard times that are coming, but part of my message is also to give hope to people so that they can come through those hard times.

You may choose to curse the darkness when it comes, but I plan on lighting a candle. No matter how bad things get, I will not bend, I will not break and I will not fear.  It is when times are the darkest that the greatest heroes are needed, and we need people that are going to be willing to face the great challenges that are coming with tremendous strength and courage.

Even in the midst of all of the chaos and all of the darkness, my wife and I believe that the greatest chapters of our lives are still ahead of us.

And we invite you to work with us to make a difference.  God took the broken pieces of my life and turned them into a beautiful thing, and He can do the same thing for you. No matter how hard things may seem right now, please do not give up.

It’s not over.

In fact, your future is only just beginning, and all things are possible.

Monday, February 15, 2016

World War 3 Could Start This Month: 350,000 Soldiers In Saudi Arabia Stand Ready To Invade Syria - Michael Snyder THE ECONOMIC COLLAPSE

War Soldiers - Public Domain

Posted: 14 Feb 2016  Michael Snyder  THE ECONOMIC COLLAPSE
350,000 soldiers, 20,000 tanks, 2,450 warplanes and 460 military helicopters are massing in northern Saudi Arabia for a military exercise that is being called “Northern Thunder”.  According to the official announcement, forces are being contributed by Saudi Arabia, the United Arab Emirates, Egypt, Jordan, Bahrain, Sudan, Kuwait, Morocco, Pakistan, Tunisia, Oman, Qatar, Malaysia and several other nations.  
This exercise will reportedly last for 18 days, and during that time the airspace over northern Saudi Arabia will be closed to air traffic.  This will be the largest military exercise in the history of the region, and it comes amid rumors that Saudi Arabia and Turkey are preparing for a massive ground invasion of Syria.

If you were going to gather forces for an invasion, this is precisely how you would do it.  Governments never come out and publicly admit that forces are moving into position for an invasion ahead of time, so “military exercises” are a common excuse that gets used for this sort of thing.

If these exercises are actually being used as an excuse to mass forces near the northern Saudi border, then we should expect an invasion to begin within the next couple of weeks.  If it happens, we should expect to see the Saudi coalition storm through western Iraq and into Syria from the south, and it is likely that Turkey will come in from the north.

The goal would be to take out the Assad regime before Russia, Iran and Hezbollah could react.  For the past couple of years, Saudi Arabia, Turkey and their allies have been funding the Sunni insurgency in Syria, and they were counting on those insurgents to be able to take down the Assad regime by themselves.

You see, the truth is that ISIS was never supposed to lose in Syria.  Saudi Arabia and her allies have been funneling massive amounts of money to ISIS, and hundreds of millions of dollars of ISIS oil has been shipped into Turkey where it is sold to the rest of the world.

The major Sunni nations wanted ISIS and the other Sunni insurgent groups to take down Assad.  In the aftermath, Saudi Arabia and her allies intended to transform Syria into a full-blown Sunni nation.

But then Russia, Iran and Hezbollah stepped forward to assist the Assad regime.  Russian air support completely turned the tide of the war, and now the Sunni insurgents are on the brink of losing.

Aleppo was once the largest city in Syria, and Sunni insurgents have controlled it since 2012.  But now relentless Russian airstrikes have made it possible for Syrian, Iranian and Hezbollah ground forces to surround the city, and it is about to fall back into the hands of the Syrian government.

If this happens, the war will essentially be over.

Saudi Arabia, Turkey and their allies have invested massive amounts of time, money and effort into overthrowing Assad, and they aren’t about to walk away now.

If the war was to end right at this moment, a weakened Assad regime would remain in power, and Iran and Hezbollah would be the dominant powers in the country for years to come.  And once Assad died, it would be inevitable that Iran and Hezbollah would attempt to transform Syria into a full-blown Shiite nation.  This is something that Saudi Arabia and Turkey want to avoid at all costs.

So they are actually considering what was once absolutely unthinkable – a massive ground invasion of Syria.

But if Saudi Arabia, Turkey and their allies go in, they run the risk of a full-blown war with Russia, Iran and Hezbollah.  Just consider some of the comments that we have seen in recent days
Reacting to a potential troop deployment, Syrian Foreign Minister Walid al-Muallem said Saturday, “Let no one think they can attack Syria or violate its sovereignty because I assure you any aggressor will return to their country in a wooden coffin.”
Pavel Krasheninnikov, a deputy of Russia’s State Duma, has warned Saudi Arabia that any military ground operation in Syria without Damascus’ consent would amount to a declaration of war, Press TV reported.
We could literally be looking at the spark that sets off World War 3.  I can’t believe that Saudi Arabia and Turkey are actually considering this. And if it does happen, you can rest assured that Barack Obama gave them the green light to go in.

Unfortunately, it sounds like the decision may have already been made.  Just consider what Turkish Foreign Minister Mevlut Cavusoglu is saying
“If we have such a strategy, then Turkey and Saudi Arabia may launch a ground operation,” he added, fueling concerns that a foreign troop invasion may soon further complicate the already turbulent situation in the war-torn country.
Earlier, Saudi Arabia, Bahrain and the UAE voiced their readiness to contribute troops for a ground operation in Syria on the condition that the US would lead the intervention. Damascus and its key regional ally, Iran, warned that such a foreign force would face strong resistance.
And in addition to all of the forces massing in northern Saudi Arabia, the London Independent is reporting that the Saudis have sent troops and aircraft to a military base in Turkey…
Saudi Arabia is sending troops and fighter jets to Turkey’s Incirlik military base ahead of a possible ground invasion of Syria.
The Turkish foreign minister, Mevlut Cavusoglu, confirmed the deployment in a statement to the Yeni Şafaknewspaper on Saturday, days before a temporary ceasefire is due to come into force.
There are reports that Saudi officials are saying that the decision to send in ground troops is “irreversible”, and Reuters is reporting that the Syrian government claims that some Turkish troops have already entered the country…
The Syrian government says Turkish forces were believed to be among 100 gunmen it said entered Syria on Saturday accompanied by 12 pick-up trucks mounted with heavy machine guns, in an ongoing supply operation to insurgents fighting Damascus.
“The operation of supplying ammunition and weapons is continuing via the Bab al-Salama crossing to the Syrian area of Azaz,” the Syrian foreign ministry said in a letter to the U.N. Security Council published by state news agency SANA.
Of course the Turkish government is not going to confirm that report, but what we do know is that Turkey is shelling Kurdish forces on the Syrian side of the border.  The funny thing is that these Kurdish forces are actually being supported and supplied by the U.S. government.

So the Turks are not supposed to be doing this, but according to Reuters they have been doing it for two days in a row anyway…
The Turkish army shelled positions held by Kurdish-backed militia in northern Syria for a second day on Sunday, killing two fighters, the Syrian Observatory for Human Rights monitoring group said.
Turkey on Saturday demanded the powerful Syrian Kurdish YPG militia withdraw from areas that it had captured in the northern Aleppo region in recent days from insurgents in Syria, including the Menagh air base. The shelling has targeted those areas.
The hostility between Turkey and the Kurds goes back a long, long way.  The Syrian Kurds are not threatening Turkey in any way right now, but Turkey is using the instability in the region as an excuse to lob artillery shells at a hated enemy.  It is an act of naked aggression that the Obama administration should be loudly denouncing.

In addition, it is being reported that Syrian government forces have also been getting shelled by the Turkish military
Anatolia news agency reported that the Turkish military hit Syrian government forces on Saturday, adding that the shelling had been in response to fire inflicted on a Turkish military guard post in Turkey’s southern Hatay region.
Turkish artillery targeted Syrian forces again late on Saturday, according to a military source quoted by RIA Novosti. The attack targeted the town of Deir Jamal in the Aleppo Governorate.
Needless to say, the Russians are quite alarmed by all of this.

In fact, Russian Prime Minister Dmitry Medvedev is warning about what could happen if things spiral out of control
In the wake of Saudi Arabia’s proposal to send in ground troops on Thursday, the Russian Prime Minister claimed the move could spark a new world war.
“A ground operation draws everyone taking part in it into a war,” he told the Handelsblatt newspaper.
“The Americans and our Arab partners must consider whether or not they want a permanent war.”
If Saudi Arabia, Turkey and their allies launch an invasion and make a mad dash to take out the Assad regime in Damascus, the Russians will inevitably respond.

And if tactical nuclear weapons are necessary to keep the invading forces out of Damascus, the Russians will not be shy about using them. I don’t know if I have ever seen a scenario which was more likely to initiate World War 3 than the one that we are watching unfold right now.

So what has the mainstream media been saying about all of this?

Incredibly, they have been almost entirely silent.  When he went looking for news about these events, James Bailey could find almost nothing on either Fox News or CNN…
I just visited the home page for Foxnews.com and found not one single mention of the insane events now unfolding in the Middle East. I could not believe it, so I used my Find tool to search for Syria and Saudi Arabia. Not one mention!
Of course that could change at any moment, but nothing there when I checked. Their stories were all about the meaningless Presidential election, which has already been decided regardless of what we think about it, and other stories about entertainment, sports, Congressional political theater, etc.
So I went to CNN and found just about the same thing with one news story about the Syrian cease fire, but when I read it there was no mention of any of the big events that have developed this week. This is truly an amazing media blackout!
But Fox News does have space to run headlines like these…

Spanish man skipped work for 6 years, still got paid
48 people rescued from stuck tram cars at New Hampshire ski resort
Lovelorn elephant takes out his rage on more than a dozen cars

And CNN apparently thinks that these news stories are more important than the potential beginning of World War 3…

Kanye West drops album, says he’s $53 million in debt
Dutch cops train eagles to hunt drones
Teen hands out 900 flowers to girls at school

If Saudi Arabia, Turkey and their allies are going to conduct an invasion of Syria, the most likely time for this to happen will be by the end of this month during these military exercises.

If we can get to March 1st and no invasion has happened yet, perhaps we can breathe a little sigh of relief. But if it does happen, and the Russians and the Iranians decide to shoot back, it really could be the start of World War 3.

If you have not been paying attention up until now, you need to start, because this could literally change everything.