Michael Snyder — The Economic Collapse Oct 8, 2020
Everything that has happened in 2020 so far has set us up for a grand finale that none of us will ever forget. This year we have already witnessed the worst public health crisis in about a hundred years, widespread lockdowns all over the nation, a crippling economic collapse and civil unrest in major cities across America. To say that the American people are in a bad mood would be a major understatement. Now we are less than a month away from a bitterly contested presidential election, and as you will see below, one survey recently found that a majority of Americans are expecting violence. That is extremely unfortunate, but these are the times in which we live. Our country is literally falling apart all around us, and nobody seems to have a way to stop it from happening.
And the worse economic conditions become, the worse the mood of the nation is going to get. On Thursday, we learned that another 840,000 Americans filed new claims for unemployment benefits last week…
The latest jobless claims figures from the Labor Department, which cover the week ending Oct. 2, show that 840,000 workers sought aid last week, about four-times the pre-crisis level. More than 63 million Americans have sought jobless aid since the coronavirus lockdowns began in mid-March.
If someone had told me late last year that 63 million Americans would file new claims for unemployment benefits this year, I would have thought that person was crazy.
Prior to 2020, the worst number for a single week in all of U.S. history was 695,000, and now we have been way above that figure every single week of this pandemic.
Of course the layoffs just keep rolling along. Right now, it is being reported that WarnerMedia expects to lay off thousands of workers in the coming weeks…
AT&T’s WarnerMedia is preparing a restructuring that seeks to reduce costs by as much as 20% as the COVID-19 panic drains income from movie tickets, cable subscriptions and TV ads, reports The Wall Street Journal.
The layoffs are expected to begin in the coming weeks and would result in thousands of layoffs across Warner Bros. studios and TV channels like HBO, TBS and TNT, the paper said.
Personally, I wouldn’t be saddened if WarnerMedia completely shut down on a permanent basis. They produce an endless barrage of garbage programming that is corrupting the minds of millions of Americans, and our society would definitely be better off without them.
But at the same time that millions upon millions of Americans have been losing their jobs, those at the very top of the economic food chain have been getting even wealthier thanks to the Federal Reserve’s reckless intervention in the financial markets.
At this point, the top one percent of all Americans have more than 15 times more money than the bottom 50 percent combined…
According to the latest Fed data, the top 1% of Americans have a combined net worth of $34.2 trillion (or 30.4% of all household wealth in the U.S.), while the bottom 50% of the population holds just $2.1 trillion combined (or 1.9% of all wealth).
If you think that there isn’t a lot of resentment out there, then you haven’t been paying attention.
We are seeing the rise of a “Robin Hood mentality” among many that live in deeply impoverished areas, and when things get really crazy out there they are going to be hitting wealthy neighborhoods really hard.
Unfortunately, a lot of people believe that this upcoming election could potentially be the spark that sets off a lot more civil unrest. Personally, I have such a bad feeling about what is going to happen, and I believe that having so many people voting by mail could cause all sorts of problems.
In fact, even the mainstream media is admitting that we could see a million ballots that are sent through the mail rejected for one reason or another…
Absentee ballot rejections this November are projected to reach historic levels, risking widespread disenfranchisement of minority voters and the credibility of election results, a USA TODAY, Columbia Journalism Investigations and PBS series FRONTLINE investigation found.
At least 1.03 million absentee ballots could be tossed if half of the nation votes by mail. Discarded votes jump to 1.55 million if 75% of the country votes absentee. In the latter scenario, more than 185,000 votes could be lost in Florida, North Carolina, Pennsylvania, and Wisconsin – states considered key to capturing the White House.
Any system of voting that could potentially disenfranchise a million voters is deeply broken and should not be used.
But at this point it is too late to do anything about it. More than 6 million people have already voted, and more votes are being sent in with each passing day.
Of course millions of other Americans are also deeply concerned about the integrity of this election. Just check out the results of a recent YouGov survey…
The YouGov poll of 1,999 registered voters found that nearly half – 47% – disagree with the idea that the election “is likely to be fair and honest.” And that slightly more than half – 51% – won’t “generally agree on who is the legitimately elected president of the United States.” The online poll was conducted Oct.1-2 and has a margin of error of +/- 2.56 percentage points.
In essence, about half the country believes that this election may not be legitimate.
That is a major national crisis right there.
In addition, YouGov has also found that 56 percent of Americans believe that there will be “an increase in violence as a result of the election”…
In addition, a YouGov poll of 1,505 voters found that 56% said they expect to see “an increase in violence as a result of the election.” That question had a margin of error of 4.2 percentage points.
This definitely is not the America that I grew up in.
In the old days, nobody would have ever imagined widespread violence after a presidential election.
Another recent survey discovered that a whopping 61 percent of Americans believe that “the U.S. could be on the verge of another Civil War”.
We have never seen anything like this before, and at this point it is undeniable that our society is breaking down all around us.
But instead of bringing us together, the results of this upcoming election are only going to deepen our divisions no matter who wins.
Everything that our forefathers worked so hard to build is at risk, and we are getting very, very close to crossing the point of no return.
***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***
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. In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing the books 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 Blog, End 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. 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.
Remember the words of Nutenyahu
” palestine today tomorrow America”
The sensational Mr Doom and Gloom Snyder…
I take it that nobody here has Prime and thus seen Elon Musk’s film “Obsolete”?
One guess as to who is obsolete?
“We the People” of course.
Michael Synder is a shock jock, Christian millenialist, end times a coming, and seems to be almost a big of an alarmist like that natural news health ranger Mike Adams.
Alarmist writing sells.
But what is reality in Amerika? End of it all or a continuation of the same? Outside of a sudden economic collapse or civil war, what is likely to happen next?
Ron Paul wants to audit the Federal Reserve. He ran for President, he was pushed aside and marginalized, kept from the debates, etc. Then socialist Bernie Sanders ran and same thing, squeezed out of the race like a zit. The Demonrats put pedophile, yet well known Biden on the ticket with Kumaloho. They seem radical, but they are not. Trump seems like a nationalist, but he is not, he is crypto Jew zionist hack of the first order. He just gave the Prime MInister of Israel the key to the white house.
The owners of the “system” do not want Ron Paul or Bernie Sanders, the owners want either Trump or Biden. They do not want communists, socialists, libertarians or any other stripe. All this talk of Russia, and this and that is all distraction, the system is going to continue right down the center Jewish subversion lane. Usury. Blackmail. Lies. Bailouts for the synagogues.
The system will continue gig government, crony capitalism, banker bailouts, direct deposits to your checking account by Jerome Powell helicopter money, propping up the debt structure like none have every seen before. The bankers have us exactly where they want us, strapped to the debt table while they bleed us with every pay check. They are not going to do a debt Jubilee, as they are greedy assholes who want us in debt.
We will have more false flags, deceptions, inflation, deflation, riots, crackdowns, TV shows, entertainment, college by internet. The system will continue exploiting us with faster 5G, chips in the brain, nano vaccines. The horror will continue, things will continue to get worse, every decade will seem worse than the previous. But the system will continue because that is what the owners want.
Will the owners risk a civil war or do anything to get us to rise to our feet and fight back? I doubt it. They want us pacified, bitching and complaining, but doing nothing to take out shackles off. I wouldn’t doubt that the day after the election the covid hoax will be suspended, and the jewtube will go back to screaming about climate change.
I worry that Synder glosses the Covid scam, as does Trump, like it is now a “given” and that they must behave like it is a genuine threat and go along with the act because, after all, it is the official script of the establishment and the public has been too far infected with the brainwashing to change their minds.
The globalists cannot win democratically anywhere with open and honest debate for acceptance of their Agendas and actual aims. The the launchings of the UN Agendas, the Great Reset, AI control grids, socialist cultural and economic leveling and homogenization, universal population reduction and equality programs, 40,000 to 100,000 new 5G satellites shot up there all linked to AI – all under the cover and pretexts of the engineered huge debt-bubble and Covid scams, perfectly timed for absolute lockstep public dependency and government control.
It is no accident that those most compliant with the Covid scam are most “dependent” on the “free” government fiat handouts. Meanwhile our governments suppress all Covid skepticism and dissent, and allows its masters orchestrate and pay for the disrupting protests and riots against anything which will deflect from the elephant in the room, which is the massive Covid scam serving to further enhance the planned economic slowdown into the their new-normal essentialism where only their designated corporations they are buying with fiat will survive. There will be just enough chaos after the US election for “the authorities” to round up all of the real dissidents, none of whom will be their BLM and Antifa rent-a-mob types, but only those who have had the audacity to yell out to everyone that the Emperor has no clothes. Never have the masses who are obviously destined to be completely economically and socially suppressed, controlled, and culled been so easily confused and suckered.
I know the betting odds and polls were wrong in 2016. But look at this
https://www.electionbettingodds.com/
Biden 64.1%
Trump 32%
3 weeks to go… Biden is going to win, Demonrats are going to sweep the entire govt
and once in the coronahoax will be called off
as it was a scam to oust trump and it seems to have worked
green deal, checks for everyone, inflation and interest rates up?
no riots because only the left riots
One thing we comfortably forget. WHAT WE SOW, SO YOU REAP, it’s 100% true for USA.
If we rewind the time,(from 1950) almost 70 years, we can very easily understand, whole of the planet, only USA, after the Second War war, had waged wars in dozen of countries, killed countless civilians, assasinations, toppling of Govts, destroying cities etc. In those countries, human beings live (like you & me) live isn’t? . Did the US Govt ever thought, even for a minute, if we attack, another country, civilians will be the first casualities, in any war. They knew very well, what they are doing in other countries, through their agencies/proxies. What they forget, is, one day it will rebounce, now the time has come for that. This is what we say KARMA, this is a National Karma, accumulated for the past 60 years, it has to be worked it out, the time has come to harvest it. Better face it off!. What is the use of fuming/howling/scolding/accusing/blaming? Falsehood is ruling the earth, almost all politicians are like that. They act, we suffer. What is misfortune is, most of the US citizens, don’t know, what is happening inside US & outside world. It is my experience, when I talk to the some people in US,they are ridiculing me, as if nothing has happened. They say, we have not read it newspaper/net. They don’t even think/believe, these medias are agents of falsehood. This is the gift of Main stream Media to their own citizens. Great! We shall see, in the coming days, what is going to happen. All of us, shall pray for, Divine mercy/intervention, only can God save US, from the brink of disaster, if we still believe the Politicians, Police, agencies etc., we will go to hell,straightly.
Thanks