Michael Snyder – Page 2 – The Burning Platform

Prepare Your Homes And Neighborhoods For The Violence That Is Going To Sweep America

Guest Post by Michael Snyder

The thin veneer of civilization that we all take for granted on a daily basis is beginning to disappear, and a new era of chaos and anarchy is coming to our cities. I don’t know if you have noticed, but violence is increasing on the streets of America. Over Memorial Day weekend, 29 people were shot in Baltimore and 55 people were shot in Chicago. But of course the trend that I am talking about is much broader than that. According to the FBI, the number of police officers “feloniously killed” in the line of duty rose by an astounding 89 percent in 2014.

We live at a time when Americans are becoming extremely angry and extremely frustrated, and this is only going to intensify as economic conditions worsen. But already we have seen some of this anger and frustration boil over into violence in Ferguson and in Baltimore. And you know what? The vast majority of Americans expect more of the same in the coming months. According to a Wall Street Journal/NBC News survey that was recently released, 96 percent of all Americans believe that there will be more civil unrest in America this summer. What we have seen up until now is just the warm up act. The main event is still to come.

If things are this bad already, how bad will they be when the next great economic crisis hits this nation and unemployment skyrockets and poverty is everywhere?

That is why I am encouraging people that currently live in the heart of our major cities to consider moving. Unfortunately, most Americans are completely dependent on the jobs that they currently have, so moving is not really a practical option for a lot of people.

Continue reading “Prepare Your Homes And Neighborhoods For The Violence That Is Going To Sweep America”

10 Pictures That Show How America Is Becoming A Lot Like Nazi Germany

Guest Post by Michael Snyder

The history books tell us about how evil and wicked the Nazis were, so why aren’t we more alarmed that the United States is becoming more like Nazi Germany with each passing day? More than three years ago, I wrote an article entitled “25 Signs That America Is Rapidly Becoming More Like Nazi Germany” which got a ton of attention. Unfortunately, nothing has gotten better since I first published that piece. Government control freaks are still watching us, tracking us, recording our phone calls and monitoring our emails. TSA thugs at our airports are still fondling the private parts of our women and children and laughing while they do it. Our police and our military are still training for civil unrest and martial law in America. And even though our politicians are socializing our economy and destroying our constitutional freedoms, the American people keep sending most of them back to Washington time after time. It is an incredibly sad thing to watch the country that you love slowly die right in front of your eyes.

At the heart of Nazism was a desire to control everyone and everything, and that is exactly what we are seeing in America today. Most of our “leaders” are psychotic control freaks that want to micromanage every aspect of our lives. For example, a bill that was just introduced in Congress would force all children in public schools nationwide to be vaccinated with no exceptions whatsoever. Other new legislation that was just introduced would ban all sales of ammunition over the Internet and require ammo dealers to report all bulk sales to individuals to the government. Our founders intended for this nation to be a place where individual freedom and liberty were maximized, but today we literally have millions of laws, rules and regulations that wrap us so tightly in red tape that we can hardly breathe.

Continue reading “10 Pictures That Show How America Is Becoming A Lot Like Nazi Germany”

Major U.S. Retailers Are Closing More Than 6,000 Stores

Submitted by Michael Snyder via The Economic Collapse blog,

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?

The list below comes from information compiled by About.com, but I have only included major retailers that have announced plans to close at least 10 stores. Most of these closures will take place this year, but in some instances the closures are scheduled to be phased in over a number of years. As you can see, the number of stores that are being permanently shut down is absolutely staggering…

180 Abercrombie & Fitch (by 2015)

75 Aeropostale (through January 2015)

150 American Eagle Outfitters (through 2017)

223 Barnes & Noble (through 2023)

265 Body Central / Body Shop

66 Bottom Dollar Food

25 Build-A-Bear (through 2015)

32 C. Wonder

21 Cache

120 Chico’s (through 2017)

200 Children’s Place (through 2017)

17 Christopher & Banks

70 Coach (fiscal 2015)

70 Coco’s /Carrows

300 Deb Shops

92 Delia’s

340 Dollar Tree/Family Dollar

39 Einstein Bros. Bagels

50 Express (through 2015)

31 Frederick’s of Hollywood

50 Fresh & Easy Grocey Stores

14 Friendly’s

65 Future Shop (Best Buy Canada)

54 Golf Galaxy (by 2016)

50 Guess (through 2015)

26 Gymboree

40 JCPenney

127 Jones New York Outlet

10 Just Baked

28 Kate Spade Saturday & Jack Spade

14 Macy’s

400 Office Depot/Office Max (by 2016)

63 Pep Boys (“in the coming years”)

100 Pier One (by 2017)

20 Pick ’n Save (by 2017)

1,784 Radio Shack

13 Ruby Tuesday

77 Sears

10 SpartanNash Grocery Stores

55 Staples (2015)

133 Target, Canada (bankruptcy)

31 Tiger Direct

200 Walgreens (by 2017)

10 West Marine

338 Wet Seal

80 Wolverine World Wide (2015 – Stride Rite & Keds)

Continue reading “Major U.S. Retailers Are Closing More Than 6,000 Stores”

11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis

Submitted by Michael Snyder via The Economic Collapse blog,

Well, the Nasdaq finally did it. It has climbed all the way back to where it was at the peak of the dotcom bubble. Back in March 2000, the Nasdaq set an all-time record high of 5,048.62. On Thursday, after all these years, that all-time record was finally eclipsed. The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced. So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later. Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong. Just like the last two times, what we are witnessing is an irrational financial bubble. Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst. And even now there are signs of economic trouble bubbling to the surface all around us.

The following are 11 signs that we are entering the next phase of the global economic crisis…

#1 It is being projected that half of all fracking companies in the United States will be “dead or sold” by the end of this year.

#2 The rig count just continues to fall as the U.S. oil industry implodes. Incredibly, the number of rigs in operation in the United States has fallen for 19 weeks in a row.

#3 McDonald’s has announced that it will be closing 700 “poor performing” restaurants in 2015. Why would McDonald’s be doing this if the economy was actually getting better?

#4 As I wrote about the other day, we could be right on the verge of a Greek debt default. In fact, we learned on Thursday that the Greek government has been “running on empty” for months…

Continue reading “11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis”

Another Reason To Move Away From California: ‘Conditions Are Like A Third-World Country’

Guest Post by Michael Snyder

As if anyone actually needed another reason to move out of the crazy state of California, now it is being reported that conditions in some areas of the state “are like a third-world country” due to the multi-year megadrought that has hit the state. In one California county alone, more than 1,000 wells have gone dry as the groundwater has disappeared. The state is turning back into a desert, and an increasing number of homes no longer have any water coming out of their taps or showerheads. So if you weren’t scared away by the wildfires, mudslides, high taxes, crime, gang violence, traffic, insane political correctness, the nightmarish business environment or the constant threat of “the big one” reducing your home to a pile of rubble, perhaps the fact that much of the state could soon be facing Dust Bowl conditions may finally convince you to pack up and leave. And if you do decide to go, you won’t be alone. Millions of Californians have fled the state in recent years, and this water crisis could soon spark the greatest migration out of the state that we have ever seen.

Back in 1972, Albert Hammond released a song entitled “It Never Rains In Southern California“, and back then that was considered to be a good thing.

But today, years of very little rain are really starting to take a toll. In fact, one government official says that conditions in Tulare Country “are like a third-world country”…

Near California’s Success Lake, more than 1,000 water wells have failed. Farmers are spending $750,000 to drill 1,800 feet down to keep fields from going fallow. Makeshift showers have sprouted near the church parking lot.

“The conditions are like a third-world country,” said Andrew Lockman, a manager at the Office of Emergency Services in Tulare County, in the heart of the state’s agricultural Central Valley about 175 miles (282 kilometers) north of Los Angeles.

As California enters the fourth year of a record drought, its residents and $43 billion agriculture industry have drawn groundwater so low that it’s beyond the reach of existing wells. That’s left thousands with dry taps and pushed farmers to dig deeper as Governor Jerry Brown, a 77-year-old Democrat, orders the first mandatory water rationing in state history.

The mandatory water restrictions that Governor Brown is imposing are going to be very painful for a lot of people. We have just learned that some California communities will be required to cut their water usage by up to 36 percent…

Continue reading “Another Reason To Move Away From California: ‘Conditions Are Like A Third-World Country’”

The Global Liquidity Squeeze Has Begun

Guest Post by Michael Snyder

Get ready for another major worldwide credit crunch. Today, the entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves the flow of credit in some way, and so the only way to have “economic growth” is to introduce even more debt into the system. When the system started to fail back in 2008, global authorities responded by pumping this debt spiral back up and getting it to spin even faster than ever. If you can believe it, the total amount of global debt has risen by $35 trillion since the last crisis. Unfortunately, any system based on debt is going to break down eventually, and there are signs that it is starting to happen once again. For example, just a few days ago the IMF warned regulators to prepare for a global “liquidity shock“. And on Friday, Chinese authorities announced a ban on certain types of financing for margin trades on over-the-counter stocks, and we learned that preparations are being made behind the scenes in Europe for a Greek debt default and a Greek exit from the eurozone. On top of everything else, we just witnessed the biggest spike in credit application rejections ever recorded in the United States. All of these are signs that credit conditions are tightening, and once a “liquidity squeeze” begins, it can create a lot of fear.

Over the past six months, the Chinese stock market has exploded upward even as the overall Chinese economy has started to slow down. Investors have been using something called “umbrella trusts” to finance a lot of these stock purchases, and these umbrella trusts have given them the ability to have much more leverage than normal brokerage financing would allow. This works great as long as stocks go up. Once they start going down, the losses can be absolutely staggering.

Continue reading “The Global Liquidity Squeeze Has Begun”

Signs That ‘The Elites’ Are Feverishly Preparing For Something Big

Submitted by Michael Snyder via The End of The American Dream blog,

What in the world are the elite up to? In recent days, we have learned that the New York Fed is moving a lot of operations to Chicago because of concerns about what a “natural disaster” could do, the federal government is buying 62 million rounds of ammunition commonly used in AR-15 semi-automatic rifles for “training” purposes, and NORAD is moving back into Cheyenne Mountain because it is “EMP-hardened”. In addition, government authorities have scheduled a whole host of unusual “training exercises” all over the nation. So are the elite doing all of this in order to prepare for something really BIG, or should we just chalk up all of this strange activity to rampant government paranoia?

First, let’s talk about what the New York Fed has been doing. What kind of natural disaster would be bad enough to completely shut down the operations of the New York Federal Reserve Bank? It would have to be something very unusual, and apparently the New York Fed is very concerned that such an event could happen. According to Reuters, the New York Fed has been transferring personnel to Chicago and building up its satellite office there just in case a “natural disaster” makes it impossible for normal operations to continue in New York…

The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and bulked up its satellite office in Chicago.

Some market technicians have transferred from New York and others were hired at the office housed in the Chicago Fed, according to several people familiar with the build-out that began about two years ago, after Hurricane Sandy struck Manhattan.

Officials believe the Chicago staffers can now handle all of the market operations that are done daily out of the New York Fed, which is the U.S. central bank’s main conduit to Wall Street.

This seems very odd.

In all of U.S. history, there has never been a natural disaster in New York City that would have been bad enough to totally shut down the operations of the New York Fed for an extended period of time.

Continue reading “Signs That ‘The Elites’ Are Feverishly Preparing For Something Big”

The EMP Threat: Sending America Back To The 1800s

Submitted by Michael Snyder via The Economic Collapse blog,

Our entire way of life can be ended in a single day. And it wouldn’t even take a nuclear war to do it. All it would take for a rogue nation or terror organization to bring us to our knees is the explosion of a couple well-placed nuclear devices high up in our atmosphere. The resulting electromagnetic pulses would fry electronics from coast to coast. Of course this could also be accomplished without any attack. Scientists tell us that massive solar storms have hit our planet before, and that it is inevitable that there will be more in the future. As you will read about below, the most recent example of this was “the Carrington Event” in 1859. If a similar burst from the sun hit us today, experts tell us that life in America could suddenly resemble life in the 1800s, and the economic damage caused could potentially be in the trillions of dollars. This is one of the greatest potential threats that we are facing as a nation, and yet Barack Obama has essentially done nothing to get us prepared.

The technology necessary to conduct such an electromagnetic pulse attack against the United States has become much more accessible in recent years. According to an article in the Wall Street Journal, even rogue nations such as North Korea and Iran either already have or will soon have the capability to hurt us in this way…

Rogue nations such as North Korea (and possibly Iran) will soon match Russia and China and have the primary ingredients for an EMP attack: simple ballistic missiles such as Scuds that could be launched from a freighter near our shores; space-launch vehicles able to loft low-earth-orbit satellites; and simple low-yield nuclear weapons that can generate gamma rays and fireballs.

If a successful, large scale EMP attack ever did take place, it would be a catastrophe beyond anything that the United States has ever seen before. The EMP Commission, which was established by Congress, says that it is likely that most of us would end up dead…

Continue reading “The EMP Threat: Sending America Back To The 1800s”

10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis

Submitted by Michael Snyder via The Economic Collapse blog,

If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis. If you go back to 2007, people were feeling really good about things. Houses were being flipped like crazy, the stock market was booming and unemployment was relatively low. But then the financial crisis of 2008 struck, and for a while it felt like the world was coming to an end.

Of course it didn’t come to an end – it was just the first wave of our problems. The waves that come next are going to be the ones that really wipe us out. Unfortunately, because we have experienced a few years of relative stability, many Americans have become convinced that Barack Obama, Janet Yellen and the rest of the folks in Washington D.C. have fixed whatever problems caused the last crisis. Even though all of the numbers are screaming otherwise, there are millions upon millions of people out there that truly believe that everything is going to be okay somehow. We never seem to learn from the past, and when this next economic downturn strikes it is going to do an astonishing amount of damage because we are already in a significantly weakened state from the last one.

For each of the charts that I am about to share with you, I want you to focus on the last shaded gray bar on each chart which represents the last recession. As you will see, our economic problems are significantly worse than they were just before the financial crisis of 2008. That means that we are far less equipped to handle a major economic crisis than we were the last time.

#1 The National Debt

Just prior to the last recession, the U.S. national debt was a bit above 9 trillion dollars. Since that time, it has nearly doubled. So does that make us better off or worse off? The answer, of course, is obvious. And even though Barack Obama promises that “deficits are under control”, more than a trillion dollars was added to the national debt in fiscal year 2014. What we are doing to future generations by burdening them with so much debt is beyond criminal. And so what does Barack Obama want to do now? He wants to ramp up government spending and increase the debt even faster. This is something that I covered in my previous article entitled “Barack Obama Says That What America Really Needs Is Lots More Debt“.

Continue reading “10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis”

It’s Official: Americans R Stupid

Guest Post by Michael Snyder

As Americans, we tend to be pretty full of ourselves, and this is especially true of our young people. But do we really have reason for such pride? According to a shocking new report from the Educational Testing Service, Americans between the ages of 20 and 34 are way behind young adults in other industrialized nations when it comes to literacy, mathematics and technological proficiency. Even though more Americans than ever are going to college, we continue to fall farther and farther behind intellectually. So what does this say about us? Sadly, the truth is that Americans are stupid. Our education system is an abysmal failure, and our young people spend most of their free time staring at the television, their computers or their mobile devices. And until we are honest with ourselves about this, our intellectual decline is going to get even worse.

According to this new report from the Educational Testing Service, at this point American Millennials that have a four year college degree are essentially on the same intellectual level as young adults in Japan, Finland and the Netherlands that only have a high school degree…

Americans born after 1980 are lagging their peers in countries ranging from Australia to Estonia, according to a new report from researchers at the Educational Testing Service (ETS). The study looked at scores for literacy and numeracy from a test called the Program for the International Assessment of Adult Competencies, which tested the abilities of people in 22 countries.

The results are sobering, with dire implications for America. It hints that students may be falling behind not only in their early educational years but at the college level. Even though more Americans between the ages of 20 to 34 are achieving higher levels of education, they’re still falling behind their cohorts in other countries. In Japan, Finland and the Netherlands, young adults with only a high school degree scored on par with American Millennials holding four-year college degrees, the report said.

How in the world is that possible?

I can tell you how that is possible – our colleges are a joke. But more on that in a moment.

Continue reading “It’s Official: Americans R Stupid”

Most Americans Are Slaves And They Don’t Even Know It

Submitted by Michael Snyder via The Economic Collapse blog,

Most Americans spend their lives working for others, paying off debts to others and performing tasks that others tell them that they “must” do. These days, we don’t like to think of ourselves as “servants” or “slaves”, but that is what the vast majority of us are. It is just that the mechanisms of our enslavement have become much more sophisticated over time. It has been said that the borrower is the servant of the lender, and most of us start going into debt very early into our adult years. In fact, those that go to college to “get an education” are likely to enter the “real world” with a staggering amount of debt. And of course that is just the beginning of the debt accumulation.

Today, when you add up all mortgage debt, all credit card debt and all student loan debt, the average American household is carrying a grand total of 203,163 dollars of debt. Overall, American households are more than 11 trillion dollars in debt at this point. And even though most Americans don’t realize this, over the course of our lifetimes the amount of money that we will repay on our debts is far greater than the amount that we originally borrowed. In fact, when it comes to credit card debt you can easily end up repaying several times the amount of money that you originally borrowed. So we work our fingers to the bone to pay off these debts, and the vast majority of us are not even working for ourselves. Instead, our work makes the businesses that other people own more profitable. So if we spend the best years of our lives building businesses for others, servicing debts that we owe to others and making others wealthier, what does that make us?

In 2015, the words “servant” and “slave” have very negative connotations, and we typically don’t use them very much.

Continue reading “Most Americans Are Slaves And They Don’t Even Know It”