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The stage has been set for a historic national meltdown…
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.***
How to Prepare for Economic
Collapse
https://www.wikihow.com/Prepare-for-Economic-Collapse
The US PPI and Core PPI (two key metrics
of inflation) recorded a 0.4% increase in inflation for the month of September.
This sounds like a very small move until you consider that it was largely due to
just one component (food inflation) surging 1.2% over the same time period.
Because according to the Fed’s own research, food inflation is the single best predictor of
future inflation in the U.S. And a 1.2% increase in a single month for
food prices across the board (not just one area like meat or dairy) is a BIG
deal.
What's next for the Dollar ?
We'll
it is in downtrend. However, I doubt we are going to see a similar trend lower
as that we have already witnessed, that would be too easy. More likely is that
the dollar does not have much downside left and could rally towards resistance
along $95. So implies continuing weakness towards voting day followed by a post
election bounce, which closely matches my seasonal Gold pattern expectations
i.e. strong Gold price into October then a weak November, mild December before
Gold awakens once more during the new year for another spurt higher.
Gold /
SIlver Ratio
Gold
price of $1975 divided by the Silver price of $28.5 results in a ratio of 69.3,
this is down from a peak of 131! So you can very well understand why I have
been stating for some time that Silver was a extremely cheap compared to Gold,
In fact in my last Gold analysis way back in January the ratio was 89
US DOLLAR COLLAPSE GUIDE
4 Ways to Slash Your Medicare Costs in
Retirement: Worried about the price of healthcare later
in life? Here are a few easy ways to keep your expenses under Medicare to a
minimum
The politics
of fear have done their job and frightened Americans on a level almost no one
alive has seen.
A Biden win will ensures higher prices n
everything, shortages, erosion of our rights & big socialist changes
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2 comments:
When it comes to socialism and financial planning, too many have their head in the sand.
In my lifetime I never thought I's see the Dems convert over to socialism; they're misfits.
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