What are we going to do once all
the water is gone? Thanks to the worst drought in more than 1,000 years,
the western third of the country is facing the greatest water crisis that the
United States has ever seen. Lake Mead is now the lowest that it has ever
been since the Hoover Dam was finished in the 1930s, mandatory water
restrictions have already been implemented in the state of California, and there
are already widespread reports of people stealing water in some of the worst
hit areas. But this is just the beginning. Right now, in a
desperate attempt to maintain somewhat “normal” levels of activity, water is
being pumped out of the ground in the western half of the nation at an
absolutely staggering pace. Once that irreplaceable groundwater is gone,
that is when the real crisis will begin. If this multi-year drought
stretches on and becomes the “megadrought” that a lot of scientists are now
warning about, life as we know it in much of the country is going to be
fundamentally transformed and millions of Americans may be forced to find somewhere else to live. (Read More....)
The
UN plans to launch a brand new plan for managing the entire globe at the
Sustainable Development Summit that it will be hosting from September 25th to
September 27th. Some of the biggest names on the planet, including Pope
Francis, will be speaking at this summit. This new sustainable agenda
focuses on climate change of course, but it also specifically addresses topics
such as economics, agriculture, education and gender equality. For those
wishing to expand the scope of “global governance”, sustainable development is
the perfect umbrella because just about all human activity affects the
environment in some way. The phrase “for the good of the planet” can be
used as an excuse to micromanage virtually every aspect of our lives. So
for those that are concerned about the growing power of the United Nations,
this summit in September is something to keep an eye on. Never before
have I seen such an effort to promote a UN summit on the environment, and this
new sustainable development agenda is literally a framework for managing the
entire globe. (Read More....)
Did
you know that 89 percent of all minimum wage workers in the United States are
not teens? At this point, the average age of a minimum wage worker in
this country is 36, and 56 percent of them are women. Millions upon
millions of Americans are working as hard as they can (often that means two or
three jobs), and yet despite all of their hard work they still find themselves
mired in poverty. One of the big reasons for this is that we have created
two classes of workers in the United States. “Full-time workers” are
entitled to an array of benefits and protections by law that “part-time
workers” do not get. And thanks to perverse incentives contained in
Obamacare and other ridiculous laws, we have motivated employers to move as many
workers from the “full-time” category to the “part-time” category as
possible. It may be hard to believe, but right now only 44 percent of all U.S. adults are employed for 30 or
more hours each week. But to get any kind of a job at all is a real
challenge in many parts of the country today. As you read this article,
there are more than 100 million
working age Americans that are not employed in any capacity. And
according to John Williams of
shadowstats.com, if the federal government was actually using honest
numbers the unemployment rate would be sitting at 23 percent. That is not
an “employment recovery” – that is a national crisis. (Read More....)
Just
like “America’s time-share king”, America just keeps on making the same mistakes
over and over again. Prior to the financial collapse of 2008, time-share
mogul David Siegel and his wife Jackie began construction on their “dream home”
near Disney World in Orlando, Florida. This dream home would be
approximately 90,000 square feet in size, would be worth $100 million when
completed, and would be named “Versailles” after the French palace that
inspired it. In fact, you may remember David and Jackie from an excellent
2012 documentary entitled “The Queen of Versailles”. That film documented
how the Siegels almost lost everything after the financial collapse of 2008
devastated the U.S. economy because they were overleveraged and drowning in
debt. But since that time, David’s time-share company has bounced back,
and the Siegels now plan to finally finish construction on their dream home and
make it bigger and better than ever before. But before you pass judgment
on the Siegels, it is important to keep in mind that we are behaving exactly
the same way as a nation. Instead of addressing our fundamental problems
after the last financial crisis, we have just continued to make the exact same mistakes
that we made before. And ultimately, things are going to end very, very
badly for us. (Read More....)
Are you prepared to go without
turkey this Thanksgiving? Yes, it might actually get that bad. So
far, the worst outbreak of bird flu in U.S. history has claimed the lives of
more than 20
million turkeys and chickens, and the pandemic continues to rage wildly out
of control. Once one bird becomes infected, this particular strain of the
virus is so virulent that it can virtually wipe out an entire flock in just a matter of days.
At this point, scientists think that this virus is being spread by wild birds,
but they have no idea how it is getting inside barns and other enclosed
facilities so easily. Considering how important turkey, chicken and eggs
are to our food supply, it is quite alarming that scientists don’t really
understand what is going on. If this bird flu outbreak is not brought
under control, how many birds will eventually die? Right now, it is
already in the tens of millions. Could the total eventually reach into
the hundreds of millions? (Read More....)
Barack
Obama is secretly negotiating a global economic treaty which would destroy
thousands of American businesses and millions of good paying American
jobs. In other words, it would be the final nail in the coffin for
America’s economic infrastructure. Obama knows that if the American
people actually knew what was in this treaty that they would be screaming mad,
so the negotiations are being done in secret. The only people that are
allowed to look at the treaty are members of Congress, and even they are being
banned from saying anything to the public. American workers are about to
be brutally stabbed in the back, and thanks to all of this secrecy and paranoia
they won’t even see it coming. (Read More....)
Warren Buffett believes “that bonds are very
overvalued“, and a recent survey of fund managers found that 80 percent of
them are convinced that bonds have become “badly overvalued“. The most
famous bond expert on the planet, Bill Gross, recently confessed that he has a
sense that the 35 year bull market in bonds is “ending” and he admitted that he
is feeling “great unrest”. Nobel Prize–winning economist Robert Shiller
has added a new chapter to his bestselling book in which he argues that bond
prices are “irrationally high”. The global bond bubble has ballooned to more than 76 trillion dollars,
and interest rates have never been lower in modern history. In fact, 25
percent of all government bonds in Europe actually have a
negative rate of return at this point. There is literally nowhere for
the bond market to go except for the other direction, and when this bull market
turns into a bear it will create chaos and financial devastation all over the
planet. (Read More....)
Are
you ready for rioting, looting and mindless violence in major U.S. cities all
summer long? According to a brand
new Wall Street Journal/NBC News poll,
96 percent of all Americans believe that there will be more civil unrest in
America this summer. That leaves only 4 percent of people that believe
that everything will be just fine. In this day and age, it is virtually
impossible to get 96 percent of Americans to agree on anything. So the
fact that just about everyone agrees that we are going to see more civil unrest
should really tell you something. The anger that has been building under
the surface for so many years in this country has finally started to
erupt. If you have been following my website for a while, you know that
this is something that I have been warning about for a very long time. Many people may
have thought that I was exaggerating when I talked about the civil unrest that
was coming to American cities. But I was not exaggerating at all.
In fact, if anything I was downplaying it. In the years to come, we are
going to see things happen in our cities that are going to absolutely shock the
world. (Read More....)
If the U.S. economy really is
improving, then why are big U.S. retailers permanently shutting down thousands
of stores? The “retail apocalypse” that I have written about so
frequently appears to be accelerating. As you will see below, major U.S.
retailers have announced that they are closing more than 6,000 locations, but
economic conditions in this country are still fairly stable. So if this
is happening already, what are things going to look like once the next
recession strikes? For a long time, I have been pointing to 2015 as a
major “turning point” for the U.S. economy, and I still feel that way.
And since I started The Economic Collapse Blog at the end of 2009, I have never
seen as many indications that we are headed into another major economic
downturn as I do right now. If retailers are closing
this many stores already, what are our malls and shopping centers going to look
like a few years from now? (Read More....)
Here’s The Exact Day The U.S. Dollar Will Collapse.
Read More >>
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Hilarious Modifications Of Hillary Clinton’s New Campaign Logo