By Michael – The Economic Collapse June 16, 2022
In all my years of writing, I have never seen more economic pessimism than I am seeing right now. Over the past couple of months there has been a monumental shift in public sentiment, and now just about everyone realizes that we are heading into very troubled economic times. Of course there were still a few economic optimists that were searching for a ray of hope, but the Federal Reserve left no room for optimism when it announced the largest interest rate hike in 28 years on Wednesday. When the Fed aggressively raised rates in the early 1980s, it resulted in one of the most painful recessions in American history. Unfortunately, many believe that what is ahead of us is going to be even worse.
For example, legendary Wall Street investor Michael Novogratz is openly warning that “the economy is going to collapse”…
“The economy is going to collapse,” he told MarketWatch. “We are going to go into a really fast recession, and you can see that in lots of ways,” he added.
“Housing is starting to roll over,” he said. “Inventories have exploded. There are layoffs in multiple industries, and the Fed is stuck [with a position of having to] hike [interest rates] until inflation rolls over.”
Novogratz is correct, but I think that it would be more accurate to say that “the economy is already starting to collapse”. The following are 18 signs that the economic meltdown we have been waiting for has already begun…
#1 Stock prices have been plummeting in recent weeks, and that has resulted in almost 3 trillion dollars being erased from retirement accounts in the United States…
The U.S. stock market rout that has put U.S. equities in a bear market isn’t just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It’s also taking a toll on Americans’ retirement savings, wiping out trillions of dollars in value.
The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion from their accounts since the end of 2021. People with IRAs — most of which are 401(k) rollovers — have lost $2 trillion this year
#2 The Dow Jones Industrial Average fell beneath the psychologically important 30,000 barrier for the first time in more than a year on Thursday. If it cannot return to that level within the next few trading sessions, a lot of investors are really going to start to panic.
#3 The Dow is now down 19 percent from the all-time high.
#4 The S&P 500 is now down 24 percent from the all-time high.
#5 The Nasdaq is now down 34 percent from the all-time high. Just think about that for a moment. A third of the value of the Nasdaq has already been wiped out.
#6 Two-thirds of the value of all cryptocurrencies has already been wiped out since the peak of the market. Last November, the total value of all cryptocurrencies had soared past the three trillion dollar mark. As I write this article, that number has fallen to less than a trillion.
#7 This week we witnessed the fastest rise in mortgage rates since 1987. Needless to say, this is going to absolutely devastate the housing market…
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan this week rose to 5.78% from 5.23%, the latest in a series of rapid increases and the biggest one-week jump since 1987. The rate is well above the 2.93% recorded just one year ago and marks the steepest level since November 2008.
#8 The largest percentage of sellers ever recorded reduced the list price on their homes during the four week period ending June 12th.
#9 In some parts of the nation, home prices have already fallen by as much as 20 percent.
#10 Compared to the same period a year ago, the total number of mortgage applications was down 52.7 percent last week.
#11 We just learned that housing starts in the U.S. fell 14.4 percent in May.
#12 The number of permits for the construction of new homes was down 7 percent in May.
#13 Wholesale prices continue to accelerate at a very alarming pace…
Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday.
The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling of the 0.4% pace in April.
#14 The Atlanta Fed’s GDPNow tracker is now projecting that economic growth during the second quarter will be 0 percent.
#15 The Philadelphia Fed Business Index came in at a negative 3.3 reading for the month of June. This represents the first contraction since the early days of the COVID pandemic.
#16 One recent survey discovered that small business owners are “feeling their gloomiest in nearly five decades”.
#17 At this point, 59 percent of manufacturers in the United States believe that a recession is coming.
#18 Bloomberg is projecting that the probability of a recession during the next 24 months is 98.5 percent.
But this was not supposed to happen.
Last year, the talking heads on television assured us that a golden new age of prosperity was just around the corner and that the stock market could just keep going up indefinitely.
In fact, many of those talking heads were telling us things that now look completely and utterly ridiculous in retrospect.
$COIN a year later 🫣😵 pic.twitter.com/993EJ5CmLf
— Rahul (@rhemrajani9) June 14, 2022
Our leaders thought that they could defy the laws of economics, and for a while their “economic voodoo” seemed to be working.
But the truth is that every time they kicked the can down the road they just made our long-term problems even worse.
Now we have reached a point where the immediate future looks extremely bleak, and the outlook for our long-term future is absolutely nightmarish.
If we would have made much different decisions along the way, we would not be facing such a horrifying crisis today.
Unfortunately, what is done is done, and now we get to reap the consequences for the very foolish decisions that our leaders have been making.
***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***
Source
People can continue commenting on mainstream SM and get books published, as long as they accuse the rulers of incompetence and “kicking the can down the road” and other nonsense like that.
Whoever tells the truth about this being the precise generational orchestration that it is, they would immediately be banned from everywhere, even their own house…
Okay, okay.
The economy is starting to collapse….
…. What the feck are these morons on?
How many decades of money printing do you need to see, before you realise the economy collapsed over 20yrs ago?
Popeye is lying on his back and he’s holding up the Earth. Olive is feeding him spinach. Two things could happen. Olive will run out of spinach (money printing), or the spinach will kill Popeye, cus spinach is very high in oxylates. What’s happening now, the that spinach is getting very expensive.
I think we’re going to see across the board debt cancellation, and the sheeple will buy it (pun intended). Who gets the most benefit debt cancellation? The elites, the rich, the corporates, and massively bust banks, who are legally allowed to hide their debts.
This is what I think will happen, when they’ve rejigged the sheeple to accept the technocratic neo-feudal fascist system that we now have, but hasn’t been fully switched on.
# Numero Uno. Too many greedy people taking too much money from a system that doesn’t have that much.
“We’re all dooomed, aye dooomed, I tell yer…”
“Have you ever heard the story of the auld empty barn ?”
First of all there isn’t going to be a recession.
There’s going to be be a recession that will make 1929 look like Apple pie.
The government’s of the U S, Canada and Europe etc. chose to govern by allowing the dominance of unvetted compromises and compassions at the expense of logic.
Every civil society is so because of those two
vital ingredients, but unvetted compromises and compassions are the Achill’s heel of those same civil societies.
Any fool can say yes, it takes logic and guts to say NO.
Keep in mind the Global leaders are similar to
an orchestra. We the people must chose the music for which they are allowed to play.
It is not ” an economy”, it is a hobby of criminals, and very boring unless you are a psycho
Good, lets hope so…for only chaos (economic collapse, cataclysms etc.) can create the conditions necessary for a white revolution to overthrow the Zionist-Communist Semitic State. Only anarchy can topple tyranny. And then once victory has been obtained the A.A. will take over…
The Fed knows darn well that raising reserve requirements stops inflation on the spot But that does not make the banks a dime , infact they lose money if they Wright no new loans until they gather more reserves That is the Feds big gun.
Just watch China they raise Reserves on certain types of loans, like house loans on 2nd homes.
They are Babylonian loan sharks at work the baby eaters.
Any type of lifeforms depending upon eating humans
will not Be tolerated any longer.. by the brothers, sisters, fathers or The Mothers of those you blood sucking creatures have been served a final eviction notice to leave the planet while you still can. WE KNOW HOW TO SEE YOU, THREE WAYS. WE WILL HAVE VIRUS WHICH ONLY KILLS REPTILES. YOUR FREQUENCY,
AND BODY HEAT.
Just remember the author is Michael Snyder a Jew-Christian who believes in the end times fantasy. His books are all about the Evangelical viewpoint that we are on God’s end timeline:
https://www.amazon.com/Michael-Snyder/e/B01DUPOJL2/ref=dp_byline_cont_pop_book_1
I am a big critic of this “Christian” (who is really a Jew) Michael Snyder character who is very good at hyping the latest fear porn for his own personal gain. He has a big following on the internet and he appeals to a broad section of Amerikan duped slaves.
Snyder is a hard core Zionist and big time Iran hater.
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Also note when some prophet predicts total economic collapse – that never happens – even when Rome collapsed people still got up and did what they do. When you talk about collapse you are talking about the imposed false economy of empire.
https://theeconomiccollapseblog.com/
If the whole “system” of fiat money and debt implodes that is good. Currently the old order of Amerikan imposed unipolar world has cracked under the brave Mr. Putin who told the west to go to hell. Is that a bad thing? Not at all. It is bad for Jew-Christians Zionutcases who want to rule the world with no opposition.
Jew Christian Michael Snyder is a big fat Christian liar and deciever, he will never talk about how the Zionists (that he loves) are burning down food processing facilities in Amerika. HE WILL NEVER EVER TALK ABOUT THE JEW CRIMINALS. He is a damn liar, so take note of that.
Never once in all the Michael Snyder writings did he ever criticize the demon lord Bibi Netanyahu. Or how Israel did 911 or USS Liberty.
… MICHAEL SNYDER THE DAMN LIAR
feck feck feck and feck it
I am not in a hurry to explain, but money is to Jew and Gentile what sex is to male and female
Demon spawn Michael Snyder: https://i.imgur.com/vdE1XhL.jpg
Some more notes on this Michael Synder character. He is getting rich in the collapse, he is literally cashing in on the sordid state of Jew affairs to pump his looney tunes Evangelical outlook and end time fantasies – but he has never mentioned the Jews as causal agents even once.
The reason he writes an “economic collapse blog” is from he pre-determined belief that we are in the end times ordained by Almighty God – but he Michael Snyder is going to escape that wrath by writing propaganda for the Lord Jews. He is cashing in on the collapse by providing cover for Jews.
If this guy is not a Jew-CIA trained propagandist I would be very surprised.
He is also an evil to the core hard line Zionist. He is also evil to his core denialist that his Evangelical viewpoint is Jewish and is helping the Jews destroy the world. He literally lives inside this evil Christian-Jew-Bible fantasy land that he cleverly writes in mainstream language – and thus he appeals to a broad cross section of equally duped protestants who also believe we are in end times.
But he never says the Jews are engineering the end times, ever notice that? Michael Synder has never even once mentioned that Jews run the exploitive system which is causing us all the harm, or the Jew run Federal Reserve or the Jew run Congress.
—————–
Michael Snyder is a card carrying member of this cult of liars:
The Cult of Liars
On September 30, 2018 By YUKON JACK
“If one word describes the Abrahamic Cargo Cults it is LIARS. What people don’t know that humans didn’t always lie like they do now. The entire planet is now caught up in this cult of liars; in fact big corporations, big religions, big governments all lie as a matter of course of doing business. Take 911 for example, political power is gotten through the use of the Big Lie, lying is how you get money and power which is why it is so popular.
We are taught to not lie, but out of necessity we do it. Who wouldn’t lie to a person of authority to get out of trouble? Do cops lie in court? We all know they do. Who doesn’t lie? Psychologists recently announced the finding that lying is universal amongst humans, 100% of us lie. But what we don’t do is tell big lies like those who own us do.
If you want to own someone, tell them a whopper, tell them that God made you in charge of them, or that God made you better than them. Use the highest authority in the Universe to back your claim. This is the purpose of the Bible, this holy book of Jew lies, you are made to believe that Bible stories are “real” and the “word of God” and you’d better not disobey or lie to God or his appointed representatives on earth.
The purpose and intent of the Cain and Able story is to condition your mind not to lie to God, but the writers of this story are lying with the story itself because it never happened. Cain kills Able then lies to God. The story, of course, is ridiculous because God would already know what happened. But God (being bored shitless) confront Cain, who is missing his brother, apparently to see how bad he will lie.
The stories in the Bible are written by a caste of Rabbinic liars who have an agenda of gaining your obedience to them. Most people lie, but what is the point in lying to God if God is already in your head? But people do lie to themselves,
What the Rabbi wants is honest obedient sheep. The Priest/Rabbi/Imam/Preacher wants you to be totally honest with them while they lie their damn asses off to you about “God”. The scheming Jew demands honesty from you and has no intention of ever of being honest with you. That’s the game, you are the mark, that is, if you play along and are like Dorothy – and are honest to the tee.
Cain never lied to God because the story is fiction. It is the Jew lying to you with his made up tall tales about his God fiction. The Jew lies because the Jews have a cult of lying, they are parasites that have found a niche exploiting us and they do this by lying to us. When you tell a believable lie you get power. Once you see how it works you do it again and again and get rich.
This is what the Jews are doing to you right now, and they are getting rich beyond your dreams because you buy it every time. We are all honest and stupid like Dorothy in the Wizard of Oz, which is why the Jew was able to pull of the Federal Reserve without a peep of protest from us. We are told the Fed will stabilize the economy and provide price stability. It, of course, has done no such thing, it was the machinery that allowed the debauchery of the currency and the cause of endless boom bust recessions.
Because we live in an age in a sea of lies we can’t understand how ancient artifacts are true to life. Man used to witness alien intervention and make drawings and artifacts exactly as they witnessed them. If you see a carving of a Reptilian flying an aircraft that is your ancestor who drew it in an age when people didn’t lie.
But you can’t believe that because it is outside of the carefully crafted narrative Jews have installed in your mind. You don’t believe in Reptilians, that is some kind of crazy UFO conspiracy nutcase nonsense; but you DO believe in the crazy Jew sky God. You can’t see that your belief in God is just as crazy as the alien interventionist ideas. What you can’t wrap your mind around is that the God who made us was the sky gods, aliens in ships, who came here and seeded the planet with us.
The bottom line here is that when presented by real evidence of alien intervention you can’t wrap your mind around it because of pre-conditioning of a false narrative installed on your brain hard drive. The same thing is true of 911 conditioning, if I tell you Israelis did it you can’t believe that because you were emotionally conditioned by Mossad officers who told you Muslims did it on 911. They did trauma programming (a way to lie) on 911.
Mind control is a big game and Jews/Israelis are masters of it. They have a history of it because they are a parasitic religion/race that thrives on lying. They have a big problem with anyone telling the truth about 911 or them. They are murderers and have a lot to lose if they are every found out and prosecuted. So they have no choice but to up the ante as time proceeds and people become aware of their tactics.
This is the why of the big crack down on the internet, they are being found out, and when that energy eventually builds into a political movement they will hang. But they are worried about something much bigger than 911, which is just one of their many false flags against us, they are worried about being found out about the Bible.
So if you are wondering why some crazy ISIS ragheads are destroying Mesopotamian archeological sites know that it is intentional by Jews to cover up one of their biggest fears, that the Holy Bible is derived from much older text, and this older text (cuneiform) in Iraq is a detailed account of how we actually got here, and it wasn’t by the fable of the Jew God in the Garden of Eden.
Here’s the big secret in a nutshell. Humans are not from this planet, and this planet is one of many slave colonies of humans, and this particular planet is a prison planet, and that the human body houses a soul that has been sentenced here to hell for the rest of eternity. And the the Jews are the jailers, they are in charge of the myth that makes you accept your predicament.
Now imagine if people find out a couple of important things:
What if we learn that we are not the body but a free soul? Would we still work and pay tax to the Jew taxman?
What if we found out that there is no authority but our own. Would we still vote?
What if we found out that God of the Bible are gods, advanced alien race that illegally created us? Would we still go to church?
What if we found out that Jews have more alien DNA and were set up to control us? Would we demand DNA testing on them?
What if we found out that the Holy Bible is nothing less than the control document enslaving us to Jews? Would we burn the Bible and churches to free ourselves?
The Jew controls you with his fairy tales. To illustrate, let me tell you a story about God before he orders Abraham to kill Isaac:
“One day God is bored shitless and decides that pulling his pud all day in heaven is gettin’ real boring, so God descends to earth to test the loyalty of his creations in his earth slave colony of human androids.
God sees a likely candidate of a test of loyalty, he appears in human form and approaches an Egyptian spending Sunday with his family.
“I am Lord thy God, take thy oldest son, who you love dearly, up the mountain and sacrifice him to me!”, God bellows like a bull with his nuts in a vice.
“What!”, “Who the hell are you to tell me to kill my oldest son you fucking psycho, get the fuck away from me and my family or I will have my guards run you through!”
Shocked and embarrassed, God walks away. God spends the rest of the day appearing around all the nations surrounding ancient Israel and no man will sacrifice their oldest son to him. Everyone thinks he is some sorta crazy psycho.
God is dismayed, so he goes to Israel and appears to Abraham:
◄ Genesis 22 ►
New International Version Par ▾
Abraham Tested
1Some time later God tested Abraham. He said to him, “Abraham!”
“Here I am,” he replied.
2Then God said, “Take your son, your only son, whom you love—Isaac—and go to the region of Moriah. Sacrifice him there as a burnt offering on a mountain I will show you.”
3Early the next morning Abraham got up and loaded his donkey. He took with him two of his servants and his son Isaac. When he had cut enough wood for the burnt offering, he set out for the place God had told him about. 4On the third day Abraham looked up and saw the place in the distance. 5He said to his servants, “Stay here with the donkey while I and the boy go over there. We will worship and then we will come back to you.”
6Abraham took the wood for the burnt offering and placed it on his son Isaac, and he himself carried the fire and the knife. As the two of them went on together, 7Isaac spoke up and said to his father Abraham, “Father?”
“Yes, my son?” Abraham replied.
“The fire and wood are here,” Isaac said, “but where is the lamb for the burnt offering?”
8Abraham answered, “God himself will provide the lamb for the burnt offering, my son.” And the two of them went on together.
9When they reached the place God had told him about, Abraham built an altar there and arranged the wood on it. He bound his son Isaac and laid him on the altar, on top of the wood. 10Then he reached out his hand and took the knife to slay his son. 11But the angel of the Lord called out to him from heaven, “Abraham! Abraham!”
“Here I am,” he replied.
12“Do not lay a hand on the boy,” he said. “Do not do anything to him. Now I know that you fear God, because you have not withheld from me your son, your only son.”
13Abraham looked up and there in a thicket he saw a ram a caught by its horns. He went over and took the ram and sacrificed it as a burnt offering instead of his son. 14So Abraham called that place The Lord Will Provide. And to this day it is said, “On the mountain of the Lord it will be provided.”
15The angel of the Lord called to Abraham from heaven a second time
16and said, “I swear by myself, declares the Lord, that because you have done this and have not withheld your son, your only son, 17I will surely bless you and make your descendants as numerous as the stars in the sky and as the sand on the seashore. Your descendants will take possession of the cities of their enemies, 18and through your offspring b all nations on earth will be blessed, c because you have obeyed me.”
So the real moral of this story is that the most immoral of the tribes, the Tribe of Abraham found favor with God because he would do evil for the Lord. Now do see how the Abraham and Isaac story is about a really sick God and his equally sick chosen one? Genesis is not only some sick fairy tale, it is the book that is telling you the chosen ones were chosen because they would do evil for God.
No sane person would every sacrifice their only beloved son to some crazy sky God, except for the Jew. So right there, plain as day, in front of your eyes is proof that the Jews are insane and loyal to an equally insane God, just to curry favor and get rich. This story of Abraham and Isaac is the foundation for all the Abrahamic blood cults.
My problem is not with the sick Jews who believe this crazy story as the word of God but with you, because for some strange reason you think this story is true, and not only true, you actually think it is the absolute “truth” because it is in the Bible. What kind of psycho are you if you think that story is holy, and good, and true? I will tell you straight away, if you believe the Holy Bible as truth you are just as sick as a mother fucking Jew.”
Two years into a large-scale DNA modification / depopulation / Zombie Apocalypse program, we’re supposed to fret over the stock market and how it affects retirement funds?…
Get a grip.
at yukon Jack’
very much agree about Snyder.
Yukon Jack–I noticed one day that the whole Bible might be from Jew-haters trying to show us what the Jews are and how we got into this mess. Jacob as the thief of the inheritance and deceiver of his father almost says enough on its own, and the terrible behaviour goes on all through it, until Jesus makes the ju-jitsu move of surrender
Inflation can also be described as currency devaluation. Since “money” and “credit” are artificial constructs, which were then insanely allowed to be controlled by parasitic, satanic Jews, and backed by literally nothing of value, then the scam has to come to a shrieking implosion eventually. The massive crime consisting of fiat currency, fractional reserve banking, compound interest, and the Jew controlled central “banks” must be utterly destroyed and relegated to the historical bin of criminally insane ideas for mankind to have any hope.
Compound interest should be made illegal immediately and punishable by complete asset forfeiture and a 40 year sentence in a dank prison.
The whole disastrous suicidal shit-show started when the Jews got their claws into nations via the wildly destructive idea of “central banking”, so, 2013 in the Jewnited States. But some of this mess could have and should have been hashed out during the turmoil of 2008. That’s when criminal bankers, shady investment brokers, wildly reckless speculators, and treasonous politicians who bailed those degenerate scum out with taxpayer money should have been thrown into the streets, viciously beaten, and either publicly executed or shoved in small cages in pits, then those pits used as latrines.
This idiot is saying recession is on the way, but the recession is not only here, but pimp-slapping working citizens with a big rubber dong. What is on the way is a major depression, one that will probably make the “Great” one look like a Sunday picnic by comparison.
Just one more thing, I see that bloviating Jew asshole Jim Cramer polluting the piece above….Anyone who would actually listen to that f*cking vile buffoon deserves to lose all their money.
Yukon Jack tells an interesting story.
However, careful reading of the bible shows that it does not in any way lift up the jews as a holy people who are to rule over all others.
First of all it has been clearly demonstrated that most of the jews(maybe all) of today are not descendents of the ‘promise’ but of other breeds of people. Nothing to do with Israel at all. The christian world has been deceived into having some strange infatuation with the jew. Here is but one small example of some info on that;
http://jews-for-allah.org/Jews-not-for-Judaism/jews_are_not_israelites.htm
Secondly the bible makes it clear that even the true descendants of Israel were expelled from their homeland because of their exceeding wickedness, just like the Canaanites before them. If the true God is truly just then he will not tolerate wrong doing from anyone, even those of his chosen tribes. The christian world has forgotten that the descendants of Israel are not necessarily more godly than others. Many so called christians live in a comfort zone and this must be held onto by avoiding truth. Such as 911 and who did it etc.
As for descendants of Israel, I suppose my ancestry on the danish side means I am of the tribe of Dan. But does that make me holy?
Some of our most advanced scientists through the studies of quantum physics have discovered evidence that everything that happens instantly affects the whole universe. So much so that even what affects a proton in an atom will have an affect on a proton many light years away. They have found that the whole universe is held together by some form of imagination: GOD
The reptilian ancestry narrative is certainly intriguing but ultimately even a reptile is not God.
If the bible was put together by jews for jews then which jews are we talking of? The Askenazi? The Shephardic? The English or Irish?? The Danes??? Whichever it is I see no place in the bible where oppression by the strong over the weak is condoned and let’s remember that the abolishment of slavery throughout the western world was very much as a result of “Christian” campaigning to eradicate it, often severely opposed by the “Jews”.
As for me, well I’ve still got a lot to learn.
Yeh that’s right nico lets destroy the jews system so we can get on our knees and kiss another jew gods backside instead, friggin’ moronic dickhead. I’d sooner Islam took over Europe instead of you kabalist arseholes.
Cryptocurrencies had always been a ponzi scheme. It is amazing that the western governments haven’t intervened already to stop people for wasting their life savings on these scams. China and Russia have done it already….