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

Michael Snyder – The Economic Collapse Sept 10, 2020

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

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

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

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

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

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

That definitely wasn’t supposed to happen.

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

But instead they appear to be getting worse.  According to Wolf Richter, continuing claims under all state and federal programs were way up last week…

Total continued claims for unemployment insurance (UI) under all state and federal programs rose by 380,000, to 29.6 million people (not seasonally adjusted), the highest since August 1, according to the Department of Labor this morning. This was the second weekly increase in a row, after the 2.2-million jump last week.

At any other time in American history, the numbers that were just reported would be considered “catastrophic”, but we have been getting these sorts of catastrophic numbers for so long that we have become desensitized to them.

But at least the unemployment numbers are not as bad as they were earlier this year, and other economic figures seem to have hit a bit of a plateau as well.

So for the moment there is relative calm, but it won’t last for very long.

If you feel like something really, really bad is about to happen, you are definitely not alone.  There are countless others that are also waiting for “the other shoe to drop”, and I believe that it could literally happen at any time.

But for now we wait.

I would encourage you to enjoy these remaining days of summer while you still can.  This weekend, put some burgers on the grill and enjoy some time with your family.  Unfortunately, there are many Americans that are under such financial stress that it is hard to enjoy much of anything right now.  In fact, one recent survey found that 50 percent or more of the households in some of our largest cities are currently facing serious financial problems”

There’s no question the coronavirus pandemic has forced many Americans into financial hardship, but a new NPR/Harvard T.H. Chan School of Public Health/Robert Wood Johnson Foundation survey provided a clearer picture of the extent of the struggles in the United States’ four largest cities.

At least half of all households in those cities — 53 percent in New York City, 56 percent in Los Angeles, 50 percent in Chicago, and 63 percent in Houston — reported facing serious financial problems, including depleted savings, problems paying credit card bills, and affording medical bills.

How can that be possible if we are in the midst of a tremendous “recovery”?

Of course the truth is that we aren’t in any sort of a recovery, but at least things are a whole lot better than they will be after the upcoming election.

I had such an ominous feeling coming into 2020, and I shared this repeatedly with my readers, and now I have such an ominous feeling about the rest of 2020 and beyond.

In particular, I am extremely concerned about what will happen in November.  No matter who is ultimately declared the winner, the other side is going to be convinced that the election was stolen from them and that is likely to throw our nation into a state of chaos.

And we are already being told that we probably will not know the winner until long after election day.  That period of uncertainty is almost certainly going to spark more civil unrest, and I believe that faith in the integrity of our elections will be greatly shaken.

Before I end this article, there is one more thing that I wanted to mention that I found to be extremely interesting.  This year the Federal Reserve has been buying up mortgage bonds worth hundreds of millions of dollars, and according to Mish Shedlock the Fed now owns nearly a third of that entire market…

  • The Fed has snapped up $1 trillion of mortgage bonds since March. It bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month.
  • The Fed now owns almost a third of bonds backed by home loans in the U.S.
  • Buying the securities has pushed mortgage rates lower, with the average 30-year rate falling to 2.91% as of last week from 3.3% in early February.
  • Morgan Stanley analysts pointed out in late March that the buying was running at eight times the pace seen in prior episodes of Fed purchasing under programs known as quantitative easing.

No matter who wins the election, the direction of the Fed is not going to change.  They are going to continue to engage in exceedingly reckless manipulation of the markets, and that is going to have very serious long-term implications.

All around us, we can see our society being thrown into convulsions as all of our systems begin to fail.

I know that so many of you out there are feeling the exact same way that I am.

A sense of anticipation hangs in the air, and millions of people are waiting for the next big crisis to erupt.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.com.***

About the Author: My name is Michael Snyder and my brand new book entitled Lost Prophecies Of The Future Of America is now available on Amazon.com.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

 

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8 responses to “If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone”

  1. When ‘they’ talk about the ‘reset’, they really mean lower-paid jobs, if and when they return & a new social contract which will be all downside for the sheeple. ‘They’ need to do this, because of the so-called ‘4th industrial revolution’ which means less work for the sheeple, fewer rights for the sheeple & the rise of AI & robots. AI will be the interface between the surviving sheeple and the elite/deep state. We are all being screwed over by the AI algorithms and there’s zero oversite, just as AI will have the legal right to decide who lives and dies in autonomous car accidents…. which should never happen & your hospital will decide your fate, but it won’t be a doctor. Corporations have more rights than sheeple and this will be the case with AI/robots.

  2. I felt excatly the same at the end of w w 2
    why we went to war on Germany when rusia had been our enemy since 1917 was beyond me.
    Credit has never been given to the irish
    We poured in to Britain toward the end of the war to work on rbuilding
    as the British army was still involved in kililng German folk.
    Irishmen worked on the bulding the jews tried to get us to pay protection money like they did the British, and particularly th Kilkenneys puta stop to the jews commies and general toerags , Mosely was not strong enough, but it was us irish who really cleared out the jews, i am old now, but have clear memories of women coming out and thanking us as jews tried to take their homes

  3. There is only ONE GOD. There are no `sons of God’ ‘mothers of God’ double first cousins of God,etc.etc. Creating `heirarchies’ in religion, is itself a Sin. Anyone can talk to God, with sufficient deference.
    God is He Who listens to every prayer.

  4. In their “jobs” most people are doing illegitimate things for people who should have been eradicated like a disease. The word ” jobs” sounds like vacant irresponsibility, soulless and mercenary.” Serving God” sounds better. 90 per cent of “jobs” make everything worse.

  5. Michael Synder is a joke and I stand against him and his ilk.

    He has a “foreboding” then touts the mainstream narrative – like awhile back he praised the killing of General Solemani – what kind of lunatic would approve of the illegal murder of a head of state for Israel? Assholes like Michael Synder, his band of Christians and other evil Zionists for Israel. Trump murdered Soleimani just a plain as day and Trump, Snyder’s hero, is a murderer.

    Synder has not a clue (like those who want a return to Christianity on this site) as to what is really going on. Synder, all with millions of other Christians, are CREATING the end times with how they think, vote, act, support. The biggest sin of Christianity is to be divorced from their own energy and thoughts. First they ALL read and BELIEVE all those apocalyptic books (looks like he wrote some himself) and then as what he imagines manifests he has foreboding. LOLROFL

    Are you kidding me, are you trying to kill me with laughter, are you so inane that you can not even realize what you are doing? Michael Synder will never believe that his own thoughts are creating the Apocalypse. He has no sense of responsibility for what he believes and what happens. Each person is responsible for what they create, no god gives a rat’s as what we do (or manifest) in hell.

    Modern Christians are 100% delusional. They think Jesus is coming back, they even think they can speed this process up by supporting Israel. So there is this marriage made in hell, the coupling in modern times of Christianity with the Jewish Zionist movement and the result had been completely catastrophic. I have written hundreds of essays on how Christians are causing the Apocalypse by supporting Israel.

    https://soulinthehologram.wordpress.com/2018/04/04/the-real-purpose-of-christianity-enslavement/

    https://centralbankinginsanity.wordpress.com/2020/09/01/will-christ-return-and-save-christians/

    His foreboding is my sense of opportunity. Fortunes will be made in the crash – and we are facing a financial crisis like at no other time, so certainly there is cause for concern – and the need to act to protect oneself. I surmise that Christians who are worried is that they have supported the demonic forces (Netanyahu, Jews, Israel) and now their chickens have come home to roost and their foolish allegiance is biting them in their ass.

    Michael Synder is aligned with the devil, he can not see, nor will he admit, that his own foolish loyalties are now causing him grief. Look at the United States and the rest of the western nation states as they go down – they will not call out the Jews as causal, they even defend their antagonists. When this fool supported the illegal murder of Solemani, I knew beyond any doubt this Synder guy was an evil tool.

    I is unbelievable what this Jewish faith has wrought. Belief in the Bible is causing the downfall of all the Christian nations because they refuse to out the Jews as evil. How can a Christian go against the Jews when their savior is a Jew, when their entire faith is built on the logic of Old Testament? If you are a White person who thinks a Jew can be your savior, well buddy, good luck with that.

    What does a positive minded person do and think? Nuke Israel. Stop sending money to Israel. Arrest all the dual citizens of Israel. Prosecute all the Jews responsible for 911. Arrest or mow down antifa. Modern people are spineless, unless real men start acting the entire system is going to come crashing down. Job 1 is to take out Israel and quit cowtowing to Jews and Israel.

  6. LONDON BLM RALLY
    When i was 15 yers old i used to go fishing
    one sunday moring i went early to the river with my rod and a basket of things.
    I was sitting quietly watching the river when two fellas in their twenties came along
    one black on white, they started being abusive and took my rod and snapped it in half
    the white guy threw in my basket and punched me in the face, i fell back and he gave me a kicking.
    The black guy kept saying i was a little white c*nt.
    and i saw the white guy had a star tattooed just by his left eye.
    This was 35 years ago but i have never fogotten the beating and i still at times have trouble sleeping.
    I have always been mostly left wing and went along to the london BLM ralley,
    while watching the guys there abuse passing mebers of the public i noticed one white guy had a star tattooed by his left eye, i thought, yes i know you.
    I kept a discreet watch on this man and after a while he walked away from the main crowd
    and i assumed he was going to the fast food outlet, i picked up one of the bricks lying around that were being thrown at cars who made rude signals at the little crowd
    put the brick in a plastic bag and followed him into the public toilets.
    Safely away from the others i bashed him on the head with it, when he cried out and fell
    i introduced the brick to his kneecaps and elbows, i could see his pain and he went into shock, i told him hand over your wallet, i told him he owed my this for my fishing gear
    he tried to snatch it back so got the brick in the face,
    he began to sob and wail, i told him gently i was the young school boy he beat up 35 years ago, i then hit him again took his wristwatch and rolled him crying into the urinal well.
    Job Done.
    I thought of the crimes these jews are doing not just in palestine but all over the world and hope they too can look forward to their punishment but hope its sooner than 35 years.

  7. snyder ..playing the “chickenlicken” opportunist to the hilt…a Nose I believe.
    dont be fooled by this hardnosed twat bullsh*tter

  8. Never forget the ruling class engineered this fake pandemic and destroyed the lives, incomes, property, and freedom of billions of people completely on purpose and with psychopathic malice.