This article has been generously contributed by Michael Snyder. You can follow his regular writings, research and analysis at The Economic Collapse Blog and The American Dream. Read his recent book The Beginning of the End to get an idea of what America may look like in the very near future.
If you believe that the U.S. economy is heading in the right direction, you really need to read this article. As we look toward the second half of 2014, there are economic red flags all over the place. Industrial production is down. Home sales are way down. Retail stores are closing at the fastest pace since the collapse of Lehman Brothers. U.S. household debt is up substantially, and in 20 percent of all U.S. families everyone is unemployed. In so many ways, what we are witnessing right now is so similar to what we experienced during the build up to the last great financial crisis. We are making so many of the very same mistakes that we made the last time, and yet our “leaders” seem completely oblivious to what is happening. But the warning signs are very clear. All you have to do is open your eyes and look at them. The following are 27 huge red flags for the U.S. economy…
#1 Despite endless assurances from the Obama administration that we are in an “economic recovery”, the number one concern for U.S. voters is “Unemployment/Jobs” according to a recent Gallup survey.
#2 Historically, sales for construction equipment manufacturer Caterpillar have been a pretty good indicator of where the global economy is heading next. Unfortunately, sales were down 13 percentlast month and have now experienced year over year declines for 17 months in a row.
#3 During the first quarter of 2014, profits at office supply giant Staples fell by 43.5 percent.
#4 Foot traffic at Wal-Mart stores fell by 1.4 percent during the first quarter of 2014. Analysts seem puzzled as to why Wal-Mart is “underperforming“. Perhaps it is because the U.S. middle class is being steadily destroyed and U.S. consumers are tapped out at this point.
#5 It is being projected that Sears will soon close hundreds more stores and will eventually go out of business altogether…
The company said this week that it may sell its 51% stake in Sears Canada, which operates nearly 20% of the company’s stores worldwide. It has quietly closed nearly 100 U.S. stores in the last year. Next week, it’s expected to announce dismal fiscal first quarter results and possibly yet more store closings.
“They have too many stores and they’re losing a lot of money, burning cash,” said John Kernan, an analyst with Cowen.
Kernan expects the company to close 500 of its 1,980 U.S. stores in a few years and, ultimately, to go out of business.“The lights are going off at Sears and Kmart,” he said. “There are tumbleweeds blowing through the parking lots at Kmart. They’re basically completely irrelevant.”
The “retail apocalypse” just continues to roll on, but the mainstream media is treating this like it is not really a big deal.
#6 The labor force participation rate for Americans from the age of 25 to the age of 29 has fallen to an all-time record low.
#7 According to official government numbers, everyone is unemployed in 20 percent of all American families.
#8 As families struggle to pay their bills, many of them are increasingly turning to debt in order to make ends meet. Earlier this month we learned that total U.S. household debt has increased for three quarters in a row. And as I noted in one recent article, total consumer credit in the United States has increased by 22 percent over the past three years, and 56 percent of all Americans have “subprime credit” at this point.
#9 Interest rates on student loans are scheduled to increase substantially on July 1st…
As of July 1, federal student loan rates will edge up. Rates overall will be up 0.8% compared to current rates.
Federal Stafford Loans for undergraduate students will be 4.66% — up from 3.86%. Federal Stafford Loans for graduate students will be 6.21% — up from 5.41%.
Federal Grad PLUS and Federal Parent PLUS Loans will be at 7.21% — up from 6.41%.
This is going to put even more pressure on the growing student loan debt bubble.
#10 U.S. industrial production fell by 0.6 percent in April. This should not be happening if the economy truly was “recovering”.
#11 Manufacturing job openings in the United States have declined for four months in a row.
#12 Existing home sales have fallen for seven of the last eight months and seem to be repeating a pattern that we witnessed back in 2007 prior to the last financial crash.
#13 In the real estate bubble market of Phoenix, sales in April were down 12 percent year over year, and active inventory was up 49 percent year over year. In other words, there are tons of homes on the market, but sales are going down.
#14 The homeownership rate in the United States has dropped to the lowest level in 19 years.
#15 Trading revenue at big banks all over the western world is way down…
Late Friday, it was JPMorgan who said trading revenues will be down 20 percent this quarter. Now Barclays says trading revenues in the first three months were down 41 percent. The company cited “challenging trading conditions resulting in subdued client activity.” Like JPMorgan, Barclays also warned they were seeing no improvement in trading in the second quarter.
#16 Jan Loeys, JPMorgan’s head of global asset allocation, is warning that the Federal Reserve is creating a huge financial bubble which could “push us into a credit crisis“…
Where do we go from here? To this analyst, still very subdued economic growth, both at the US and global level, implies continued easy monetary policy. The risk is that bond yields rise no faster than the forwards. Financial overheating (asset inflation) proceeds much faster than economic overheating (CPI inflation). Before CPI inflation has a chance to emerge, and before monetary policy is truly above neutral, a financial bubble will have popped up somewhere and will have corrected, pushing the economy down. That is what has happened in the past 25 years. The behavior of central banks gives us no confidence that this time will be different: Central banks talk about financial instability, but appear to define this mostly in term of bank leverage. Each successive boom and bust is always in another place. A bubble can emerge without leverage. It is not possible to project exactly where this boom and bust cycle will take place as knowing where it will be would induce evasive actions that should prevent it from occurring. One possible ending, among many, is that ultra-easy rates having induced credit markets to grow much faster than equity markets, combines with reduced market making by banks (many of whom have become like brokers) to create a liquidity crisis when the Fed starts the first set of rate hikes. This could then be bad enough to close primary markets, and thus push us into a credit crisis.
#17 Peter Boockvar, the chief market analyst at the Lindsey Group, is warning that the U.S. stock market could experience a 20 percent decline once quantitative easing completely ends.
#18 A lot of other big names are telling CNBC that they expect a significant stock market “correction” very soon as well…
A bevy of high-profile names have warned lately that the market is on the doorstep of a major move lower. From long-term market bulls such as Piper Jaffray to short-term traders such as Dennis Gartman, expectations are high that the major averages are poised for a big dip, with calls varying from 10 percent or so all the way up to 25 percent.
#19 The number of Americans enrolled in the Social Security disability program exceeds the entire population of the nation of Greece and has just hit another brand new record high.
#20 Poverty continues to grow all over the country, and right now there are 49 million Americans that are dealing with food insecurity.
#21 According to Pew Charitable Trusts, tax revenue in 26 U.S. states is still lower than it was back in 2008 even though tax rates have gone up in many areas since then.
#22 Barack Obama is doing his best to keep his promise to destroy the U.S. coal industry…
The EPA is about to impose a new regulation that will reduce carbon emissions from existing power plants starting June 2 and will become permanent in 2015. The new regulation, according to Politico, is the “most dramatic anti-pollution regulation in a generation.” Because the new regulation will further cripple the coal industry, as coal-burning plants will be severely affected, American power will become more dependent on natural gas, solar and wind.
#23 Climatologists are now saying that the state of Texas is going through the worst period of drought that it has experienced in 500 years.
#24 It is being reported that “dozens of Texas communities” are less than 90 days away from being completely out of water.
#25 It is being projected that the drought in California will cost the agricultural industry 1.7 billion dollars and that approximately 14,500 agricultural workers will lose their jobs.
#26 Due in part to the drought, the price of meat rose at the fastest pace in more than 10 years last month.
#27 According to recent surveys, only about a quarter of all Americans believe that the country is heading in the right direction.
Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream. If you want to know what things in America are going to look like in a few years read his new book The Beginning of the End.
The definition of a rut,
is an open-ended grave.
Did I miss #28, increased trade between Russia and China that bypasses the US dollar? I realize the gas deal wasn’t signed today after talks fell apart, but they are still increasing the occasions where the dollar is no longer used in trade.
I think that number 23 is the most alarming about the drought situation that not only affects Texas but California also. Some of the worst agricultural blights in human history have occurred during climatic upheavals. This includes extreme weather conditions that are far removed from “normal”. Drought or too much rainfall. Extreme cold or extreme heat. Volcanic episodes. Anything that stresses out plants.
Drought is something that makes the soil much more difficult for growing food not only because of lack of water, but the way the water travels that does get to plants. The ground becomes warped and even nutrients that are obtained through decomposing are compromised.
Plants like any life form are much more diseased prone when the basic cycle of living is made much more difficult. Extreme climate leads to this stress. Disease develops and can spread regionally and world wide, especially through the travel of migrating birds. Food chains can also be affected severely. Agricultural blights can and have had catastrophic results on the economies. This potential is something to watch for IF the severe weather conditions continue.
Here I am with the same refrain. Plant those hardy crops that are proven to grow in marginal and arid conditions such as Painted Mountain Corn. Learn to trap small animals from meattrapperdotcom to supplement your stores. This is it folks. We are headed into “The Dangerous Summer”. We have had years to prepare but no one person can cover every contingentcy. Use proper OPSEC and develop your tribes.
PRAY, PLAN, PREP, FORM TEAMS…. QUICKLY!!!!!
Paradoxically, the northern Rockies have record snowfall that is just starting to go out while the southern Rockies have drought and wildfires. The drought in the central valley of California is already having a momentous impact on the U.S.food chain.
The government will never tell us how bad it really is until after the fact.
#28,29,…100 The government says everything’s great.
Everything is Awesome! The Lego Movie
N.O.
Under this Obamanation, the govt wont tell us how bad it is even after the last job is gone. The plan is imminent destruction of America.
You got it all right. We need to ready up and get those contingency plans going now. Stick w/ the basics and focus on food crops that are hardy and nutritionally sound.
Recently filmed eating his earwax in a committee meeting, Joe is in the spotlight again…
Democratic Miami Congressman Joe Garcia, “WE’VE PROVEN THAT COMMUNISM WORKS.”
Miami Herald
Unfortunately, Joe forgot to mention the way Communism works is to get rid of the middle class, so MANY can suffer under this rule.
We can see the results in the economy as to HOW Communism works.
From one who knows:
Dehydrate and oven can for long term food storage — you can do it with any food that does not contain fat and which can be thoroughly dried. You cannot, however, oven can eggs at home, regardless of the fact that they can be dehydrated into a powder, because they contain fat which will go rancid inside an oven-canned jar.
Most vegetables, strawberries, etc. can be dehydrated and oven canned. Think in terms of what you see being sold in stores that is dehydrated and sealed in cans — is it something you can replicate at home?
Meat jerky cannot be oven canned. It must be eaten within a couple of weeks, or stored in frig up to a month, or stored in freezer for longer term storage. And you must use a curing agent in your marinade.
Watch for weekly fruit and veggie sales if you don’t have a garden. Invest in, or build, a good dehydrator — the best results are produced by dehydrators that blow the warm air horizontally over the food, rather than vertically from the top or bottom.
Buy canning jars at yard sales and auctions — increasing numbers of canning jars are available this way because the older generation that canned is dying or moving into nursing homes and their children are selling off the jars. Compare the cost of new jars to determine a fair priced on used jars — remember, though that canning jars weaken over the years from the expanding and contracting of being heated and cooled, and eventually they give out and break.
How many canning jars do you need? A family of 3-4 could easily go through 500 quart jars of food in a year, just by canning fruits and vegetables, making pickles, etc. (Remember that pickles are high in vitamin C.)
With a pressure canner, you can can potatoes when they are on sale in the autumn, sweet corn when it is in season, and you can can entire soups and stews, chicken on the bone, turkey meat, beef/pork chunks or slices, etc. You would also need to invest in a good canning/preserving book such as “Stocking Up,” which, if you found it at a used book store, would be just as authoritative with its canning tables for pressures and times as a brand new book. The advantage to pressure canning is that you can preserve food that otherwise would have to take up freezer space and could be lost in a power outage. Plus, pressure canned jars of food require no electricity to maintain them while they sit on a shelf, not too cold, not too hot, dry, and out of sunlight.
Yes, any type of canning takes planning, organization, time, discipline in using sanitary procedures, and standing on your feet. But it can be done in a house or an apartment.
The drought with a side order of El Ninyo
In 2007 the albacore tuna came within 2 miles of the Oregon Coast. Last year I had to run 40 miles out, El Nino will save me a lot of boat gas.
BI, Thank you for your thoughtful comment, always appreciate your perspective…
When it comes to the weather extremes we have been experiencing, the elephant in the sky that few acknowledge is the massive stratospheric aerosol geoengineering(SAG)program currently in effect over most of the US and other NATO countries.
SAG spraying (aka chemtrails in layman’s terms)works on the theory that spraying pollution into the air (sulfur dioxide, aluminum particulates and other) will mitigate the damage of carbon emissions by reflecting heat (much like a dome over the planet).
What is has done is dramatically affect soil phthereby affecting crop production, remove moisture from the air, modify climate patterns, and much evidence is now available to connect the dramatic increases in health issues as a result of heavy metal toxicity (copd, autism, early alzheimer’s, neurological disorders just a few) to “chemtrails”.
If we cannot breathe the air or drink the water nothing else matters. Please PLEASE visit stopsprayingaz(dot)com for links to good solid info on this govt-sponsored environmental disaster-in-the-making, as well as what we in AZ are doing to fight back.
Now it is a done deal
http://www.zerohedge.com/news/2014-05-21/russia-and-china-finally-sign-400-billion-holy-grail-gas-deal
The Old Man And The Beaver
An 86-year-old man went to his doctor
for his quarterly check-up…
The doctor asked him how he was feeling, and the
86-year-old said ,’Things are great and I’ve never felt better.’
I now have a 20 year-old bride who is pregnant with my child.
“So what do you think about that Doc ?”
The doctor considered his question for a minute and then began to tell a story.
“I have an older friend , much like you, who is an avid hunter and never misses a season
One day he was setting off to go hunting.
In a bit of a hurry , he accidentally picked up his walking cane instead of his gun.”
“As he neared a lake , he came across a very large male beaver sitting at the water’s edge..
He realized he’d left his gun at home and so he couldn’t shoot the magnificent creature.
Out of habit he raised his cane , aimed it at the animal as if it were his favorite hunting rifle and went ‘bang, bang’.”
“Miraculously , two shots rang out and the beaver fell over dead.
Now, what do you think of that ?” asked the doctor.
The 86-year-old said, “Logic would strongly suggest that somebody else pumped a couple of rounds into that beaver.”
The doctor replied , “My point exactly.”
There is only one fact to keep in mind when wondering if a major financial crises will occur:
The stock market in which so many have placed their life’s savings on is a sham. Without the aid of the U.S. Government investing 80 billion per month, almost a trillion per year into our financial well being it would collapse. If there is even a hint that the Fed’s money printed out of thin air will cease or even be reduced the markets go into a tail spin as evidenced yesterday that Janet Yelen would speak today.
If you have any doubts let me ask you just 2 questions:
Is it reasonable that since the crash in 2008, just 6 short years ago, that the stock market could rebound by 65%? Dow – 6500 in 2008 to 16,500 now.
Is it reasonable that housing prices in just 6 years could more than re-double in worth? A price increase in value of over 20% per year?
The answer is NO! These are the two major symptoms of a collapsing economic system.
BigB
Instead of giving the Parasitic Banks all the Bail out money they could have given every American Home in America just $10K, and we would be prospering better than ever. But instead we are still bulldozing our way through the trash pile of collapse. The Fed takes care of their own, and why we need to dissolve the Fed money counter-fitters.
Hitlary is a gay communist.
Just say queer. She’s definitely not ever “gay.”
The day is coming when none of us will care if it is Monday, Tuesday, or Wednesday. Heck, we won’t even know what TGIF means. Daily living will be on our tables….
In a few short days, Ill be one of those nonworking folks who aint watching the daily calendar too. Galt by choice.
TRUE THAT!! No politics, racism, or any other isms will make any difference when folks are going hungry!!!
Some hundred mile an hour tape and 550 Para cord should hold it together for another 5 months, got to have a reason to postpone the Nov (fake) elections.
Wonder what John The Revelator meant by Armageddon and the Beast?….
Just think. If you buy rice now, it is 250% off versus buying next year. Today, most sales are today….
20 more pounds of rice and a case of canning jars today …..
Ya might want to check if it is GMO rice before ya buy…..if it is …..pass it by.
don’t believe the hype of the anti-GMO crowd. they are the same breed who rallied against DDT. with no scientific basis.
at a time when almost 95% of our food is modified, and the regime is going to kill “organics” you can’t be choosy.
staying away from pesticide ready is a good idea though. the only part of GMO that a lot of farmers don’t agree with.
it’s increasing superweeds and superbugs thru transformation. as well as not being able to save from harvest for future seed. (requiring farmers to buy seed every year)
GMO crops include:
rice with added Vit A so kids aren’t born blind,
crops able to grow in unfavorable growing conditions
Die young. Birth control not required. Keep eating GMO’s to sterilize your progeny by the 2nd generation.
The best population reduction plan the globalists ever came up with.
salem-newsDOTcom/articles/may282011/gmo-not-food-csDOTphp
considering that science has just in the last year discovered that there is essentially another entire data layer to DNA, DOUBLING the amount of information that it actually contains compared to what they thought it contained- there is NO WAY any person with a shred of common decency or sense can sit there and say GMO foods are “safe”. In the engineering of the DNA in GMO’s…they would have no clue how they screwed up the code in deoxyribonucleic acid…since they weren’t even aware of its’ existence. Go ahead- you eat that crap. But don’t you dare try to tell anyone it’s safe….because NOBODY KNOWS.
http://themindunleashed.org/2014/01/scientists-finally-admit-second-secret-dna-code-controls-genes.html
Thanks for your post CWinOR:
Rappaport at nomorefakenews has all the info a rational person needs about GMO’s, Monsanto, and the crooks in the District of Communists supporting GMO from Monsanto.
Sure would like Mac to take a swipe at the GMO scheme.
FrogsLegs will end up with more legs than he was born with if he continues to eat that poison; or maybe no legs at all…….
Honestly, when presented with so much shocking negative data, you can only nod your head and say, “Cool.”
The signs all point one direction if you just pick your head up and look. So many don’t though, hell maybe 10% of 300,000,000 which is 30,000,000 in the US that see what’s about to take place. It will get mighty western when this unwinds, and by my measure it is speeding up.
Thing have been steadily getting worse for months. Poverty, Famine, Drought.. Just a few more reasons to prep extra supplies. Everything will be worth its weight in gold in no time.
Sounds like the 4 Horsemen of the Apocalypse are saddling up. It’s getting downright Biblical. Lookout! Here comes Plague to join Poverty, Famine and Drought.
You’re right – the Four Horsemen are about to ride. Drought, however, is not one of them. They are –
White Horse – the rise of Socialism (already underway)
Red Horse – War
Black Horse – Famine
Pale Horse – Plague/Death
In the days of the Four Horsemen, 1/4th of Earth’s population will die. That’s over 1.5 Billion people.
Before this cycle (The Beginning of Sorrows) is over, more trouble is due. Next comes –
Persecution of Christians
Great Natural Disasters
Finally, the End of the Church Age arrives. God will remove the Christians from Earth and turn once again to Jewish Israel to be his representatives on Earth.
Then comes the Great Tribulation.
If you’re still alive and on Earth at this point, you’re a true Survivalist. The problem is, you’re also spiritually Lost, because you missed the Rapture.
You’re about to see the rise of a World Leader. He will be the Antichrist. DO NOT receive his Mark – it will Doom you to Hell for all eternity. It will mean your life, but it’s better for your body to die, and your soul to be saved, than to be cast into the Lake of Fire for eternity.
If you’ve never known Christ – and he’s never known you – there’s still time. Remember, you’re about to see War, Famine, Plague, Persecution of the Church and great Natural Disasters before time runs out. My advice is to seek him immediately, because as I said above, 1/4th of Earth’s population is about to die, and you are likely to be one of the dead.
Survivalism is all about preparation – isn’t it?
Good advice. The Lord and readings should be at the top of list.
“Seek the Lord while He is yet near.” Not that God distances Himself from us ever but we tend to drift away from him in this vast ocean of life. We will all need a strong anchor in the coming storm. Remember, God is always only ‘a prayer away’!
The rider on the white horse is anti-christ(satan), he comes conquering and to conquer! The seals aren’t necessarily in order.
Yes, could he be the Muslim messiah, AKA the Mahdi, who will lead over 1 billion Muslims to slaughter Christians and Buddhists in the quest for a revived Ottoman empire?
I like everything you said except the part about “Rapture”. There is no such thing as “Rapture”.
#28 – Still no .22 ammo anywhere to be seen.
#29 – Militarizing of local police departments is increasing
#30 – The person in front of me at the grocery checkout every week pays for their items with a WIC voucher or EBT card (my taxes going to their lazy entitlement society way of life).
It’s been 2 1/2 years since I found this site and although I believe the dollar is crap, nothing has changed. Housing has increased (significantly) and crime is actually down. I don’t wish anything bad to happen, but does anyone feel like they’re wasting life away by living in fear? I believe it’s wise to prepare, but its exhausting to live waiting for things to fall apart.
I think your question is a fair one, I think you should rethink what it is you really fear rather than assume fear is the motivator.
Preppers/survivalist are very often disparaged, and seldom understood, I believe/know that many are service connected and the ones that aren’t still possess a Warriors attitude.
You should not view assessment and preparation as fear, I prep out of love for my family and out of defiance against to tyranny. (TPTB) It is not a chore to prepare for war.
Someone posted this before so I won’t take credit for it, but for me it is my motto
I don’t prepare because I’m afraid ….
Because I prepare, I am Unafraid.
Plant folks. Plant now while the planting window is still open in the northern hemisphere. If your expertise lies in other areas, sponsor friends and neighbor to plant for you.
I can plant the year ’round in south Texas. Now I just need some water to make things grow.
Good advice to plant now. Many areas also have a possible second planting/growing season. Here, we can plant many items (such as beets, cabbage, lettuce, onions, peas & spinach) by the beginning of August and have a second harvest in the fall.
A book to have…
THE ENCYCLOPEDIA OF COUNTRY LIVING by Carla Emery is an excellent book. It covers numerous topics and is filled with useful information. It is described as the original manual for living off the land and doing it yourself.
wish we COULD plant…still don’t have leaves on the trees due to “global warming.”
I can only hope & pray that there is a special place in Hell for those who manipulate the stock market & the media & lie to the GDP ( generally dumb public ) I understand the almighty dollar is your god …..& I hope your greed will send you straight to Hell when your time ……comes
There is no way i can prevent what you manipulate other than pray that when the time comes & it will
that you rot in hell for all…….time
I’ll raise my glass to that!
Sir/Ma’am,
Hell is a place of continual torment beyond words. Wish their deeds to fail but not that they go to Hell. God is the Judge for that. It is a terrible thing to stand before a wrathful God and receive His punishments. All who are not His will be in regret!
WhyDieLost
Are you inferring that all the harm & damage that has been done to peoples income – savings – investments under a manipulated fractional reserve banking system is not deserving of being cast into Hell.
Jesus kicked the money changers out of the temple once & it is high past time he does it again PERMANENTLY
Da Yooper,
As despicable as those actions are, God is able to forgive those who actually repent of such actions. But, consider this: (Jas 2:10) For whosoever shall keep the whole law, and yet offend in one point, he is guilty of all. What this says is that you and I are equally as guilty of sin as those you wish to send to Hell. However, because Jesus died on the cross, there is no sin that can’t be forgiven except the sin against the Holy Spirit.
We do not know the future of these people as to whether they will repent or not. It is not our place to condemn anyone to Hell. We each deserve Hell and we condemn ourselves by our actions and unrepentance and God carries out the sentence. He is the only one who can do that. But, Jesus cleanses us from ALL unrighteousness.
As for Jesus casting out the moneychangers in the Temple, it was the defiling of the Temple that Jesus rebuked…not the actual process of moneychanging. The Temple was to be a Holy Place that God inhabited and not a place of business. It was the rejection and desecration of God’s Holy place for which the moneychangers were rebuked. Jesus will come back soon and all evil will stop for a thousand years because He will be in charge of the earth. After that, evil pops its head again and the millions who follow satan will join satan in the second death.
Hell is not a place anyone should wish that others should go!
Hell is not a place anyone should wish that others should go!
Says ………YOU
sorry you are FOS
Right is right & wrong is wrong
FO&D
Then an all mighty God will send these Jews to hell
where they ……..belong
Oy 2 thumbs down
I must have stepped on a bankers toe’s
ROTFLMAO
#26 Due in part to the drought, the price of meat rose at the fastest pace in more than 10 years last month.
What about the other pressures on meat market?
#28.: “Here are three worrying things that the headlines didn’t tell you about.
What the markets didn’t see
Deere’s second-quarter revenue slipped 9% year over year, […]
Deere’s year-over-year operating and net profits slumped 15% and 10%, respectively, in the second quarter. In other words, if you’re happy that the company’s EPS didn’t fall as much, you should also know that share repurchases are acting as a cushion. […]
In short, Deere’s Q2 numbers were worse than what the headlines told you, and its bottom line is under as much pressure as its revenue […]
Caterpillar attributed rising dealer inventories for higher last-quarter sales, which simply means that most of what it sold was to its dealers, and not to direct end-equipment users. Deere, on the other hand, works closer to retail customers, who may not be making big-ticket purchases yet; that may explain why its equipment sales improved only 2% year over year. In Deere’s own words, its competitors are pushing “significant inventory in the field ahead of those sales materializing.” […]
what’s important to understand is whether the challenges will extend beyond this year.” …
fool.com 3 Disturbing Trends Revealed in Deere & Company’s Earnings Report
Stage Left: enter, The Fed. ? Print, baby, print!?
Sounds like John Deere is channel-stuffing just like the auto manufacturers. Big Ag is not our salvation or our friend. They are doing their best to poison us and run the small-holder off the land. The FED will print the $ into oblivion and deliver us into the hands of the IMF and the SDR’s lurking in the wings.
Yup, The FED will print the $ into oblivion,… and then default goes the gooberment.
Hopefully, enough of us will tell the the IMF and the SDR’s lurking in the wings to go jump off a cliff. ?
The people who cling to the status quo can go with them.
Well, it’s past time for a little neck-stretchin party. I reckon we oughta go long on manila hemp and git on with building the scaffolds for Nuremberg II.
Now is the time to make lists of all those people who passed bad laws. Enforced bad laws. Supported bad laws in the legal system.
Don’t forget the traitorus entertainers or news media.
That may be your path, guys. But for myself, I’d rather just forget they were ever my countrymen and keep on walking by.
I’m not helping you, but I ain’t stopping you.
I’ve other things to do.
“We want him to live a long life, so he will always remember my son and how he murdered him in that bathroom that day.”
Link
Sorry. But you never leave an enemy behind and let them regroup.
There are probably only a few thousand people causing most of this countries grief with their corruption and bad policy making.
checkin’ it twice…..
“its competitors are pushing “significant inventory in the field ahead of those sales materializing.”
Does the labels on those “competitors” look like this: 國產
“#27 According to recent surveys, only about a quarter of all Americans believe that the country is heading in the right direction.”
No doubt the same 25% that spend 15 hours a day holding a phone out in front of them and who have ZERO understanding of anything happening in the world that can affect their future.
Let ’em burn, they deserve nothing better.
As upsetting as #25 is for those 14,500 farm workers losing their jobs, there is far scarier repercussion to farms unable to get water.
ahhhh, those 14500 people, you can pretty much bet, are NOT American citizens….so it’s hard to muster real sympathy on that score.
#27 Government employees make up that 25%. Most FedGov in the NE.
#30:
“The Fed knows credit must expand, or we have a depression. And today, debt levels are so high that a depression would be catastrophic. The disaster would be worldwide, not just in the US. And people would die.” …
Tens of Millions Will Lose Their Jobs
By Bill Bonner
Gloomy stuff, no wonder so many people tune it all out and plug their ears.
I say it’s better to know and to anticipate things.
I guess I’m in the minority?
It’s difficult for me to understand why. .. Why can’t they break free from The Matrix?
Imho, it’s more than, “they are just conditioned” and such.
Or, maybe not? Maybe they are just all flat-out nutz?
Debt is prosperity? Freedom is slavery? etc…
Yeah its better to be informed. Just don’t let it consume you or paralyze you into inaction. Everyday that goes by more erosion takes place, but there’s still a large chunk of land we’re still standing on. Best see to what still needs to be done for your families before we have to step into the boats.
My job takes me from one end of town to the other all day, 5 days a week. I see the homes of everyone in the economy. I look at the folks running about in their daily drives. All the while asking myself if they see what I see. Most have no clue, and will fold when anything happens. Talked to a Marine today, he was on the same page as most of us here. After a few minutes we both came to the conclusion that the hole is too deep, and too wide to get out of. We are in over our heads, and a storm is on us. Just look around next time your out and about, most of who you see, well they are in for a lot of suffering when this breaks apart…
While you are out and about, also check to see who treats you with courtesy and who treats you with contempt. The ones who treat you with contempt inevitably have a Democrat-leaning bumper sticker on their car. Conversely, polite people tend to have NRA, Marine, etc., types of bumper stickers. Pay attention…it’s quite enlightening.
This is for those out there late to prepare and want to be prepared but are strapped for cash in these hard times.
If money is an issue try to buy a little extra nonperishable food or a packet of organic seeds when grocery shopping to put away and grow a garden if possible, to reduce costs and dependency while having a replenishing supply.
For weapons I would look into a Mosin-Nagant battle rifle for a little over $100. It’s not as tacticool as an AR15 but it’s powerful, it’s been in many wars to present day, it won WWII, and you can big game hunt with it. At such a low price and since that you don’t have to buy magazines, money can be spent towards ammo but there are also other relatively inexpensive rifles like a Ruger 10-22, SKS, or a decent AK if your budget allows. For a sidearm, the Smith&Wesson SD9VE or SD940VE that’s under $400 or under $300 in some cases. It’s simple, accurate, reliable, high capacity, railed, looks nice, and by a reputable company. If you could only choose one, get the rifle. Don’t forget to strip the bodies.
For everything else always look for things that are on sale, at a low price, or if there’s a cheaper option. Like a Gerber knife instead of a Ka-Bar. Big 5 always has good deals, at least where I am. Service boots for $30 or two Firepoint tactical flashlights for $18. Also learn things that you can build or do it yourself so you can make it using household and improvised things. Things like a water filter contraption, a water distiller, a faraday cage, soda can oil lamp, Altoids tin survival kit, etc. Or modifying a regular first aid kit with Quikclot or Celox, shears, a surgical kit, sutures, trauma bandages, and antibiotics. It’s nice to have the top dollar equipment but there are always less expensive alternatives even if it’s not the best.
Precious metals, don’t bother unless you can afford it and have everything else already. Let ammo be your precious metal and have other barter items or learn a skill. But if you had to choose one, silver over gold, because you can make silver water by running a current through it.
Most Americans are clueless as to why this is happening and who the source of all the bad policy decisions is. Well, I am going to fill you in.
First of all, the poverty and decline of the US is by design and not an accident: life for the majority of Americans was targeted years ago for substantial destruction so as to allow other countries to rise up and surpass US living standards (China etc.).
Secondly, at the policy level, key people have pushed the various measures to bring about this destruction of American living standards by using debt and debt creation – the ultimate slave master’s tool. One of those persons is the former British chancellor and prime minister Gordon Brown. If you do the research, you will discover his backroom machinations are behind all of this. Prior to the 2000s, he was heavily involved in laying down the groundwork for a series of bubbles in the 2000s with the express purpose of destroying the middle classes (tech, housing, banking, sovereign debt). In 2009 at the G20 in London (http://en.wikipedia.org/wiki/2009_G-20_London_summit), he put in place the final measures to turn the US into a bifurcated, third world country (this picture is worth more than a thousand words:http://commons.wikimedia.org/wiki/File:Gordon_Brown_and_Barack_Obama_at_the_UN.jpg).
Unfortunately for Americans, the US government is following British policy and plans and thus the US is ending up looking like the UK, with vast numbers of people not working at all, poverty rising, ignorance rising, small businesses dying, and the groundwork put in place to dump the dollar and move to a New World Order currency.
What Brown really thinks about the president: http://www.nydailynews.com/news/politics/ex-prime-minister-memoir-dishes-thoughts-obama-hillary-clinton-article-1.1467352
Sit in a hospital for a week and listen to the family members talk about the mounting bills and you will know the economy is bad off.
Talk to the student doctors about their massive student loans. My husband’s doctor has been practicing for 23 years and still owes 300,000 on his loans for his education. We had a chance to compare student loan horror stories, his payments are 5 grand a month before he even pays rent. and he has only managed to go from half a million to 300 grand.
I’m really glad we prep. We are going to have to use some of it to get us through the next few months because of the medical bills. Totally worth it to have my hubby healthy again.
Mercifully his health insurance wasn’t jacked with too badly, out of pocket max for us is 2,000 for the open heart stuff.
Keep prepping and love your family.
http://www.fromthetrenchesworldreport.com/a-picture-sure-is-worth-alot-of-words/88965#more-88965
look at this map, and who are the highest wage earners in that state..and who they work for.
this is why our higher educations cost so dam much.
and to top it off the staff of these colleges are over bloated
A slow and steady descent into economic hell…
This has been 6 plus years of “noticeable” decline
Amazing how it is all masked as a slow recovery when it’s exactly the opposite..
If average weekly unemployment claims are 300k..then that equates to 1.2 million jobs lost in a month..correct?
And if “supposedly”? 200k jobs are created every month,then we’re still left with a million folks every month added to the unemployed..correct me if I’m wrong..
Recovery my ass..
possee
Exactly …
Thats the thing,
Most of us went to school before common core and can actually “do the math”
Ive been telling people this stuff for years, they still dont get it, but then again i live in a democrat heavy state where even the conservatives vote democrat.
One thing for sure, these people have sure bought the government line, its going to be interesting to watch it unravel, then folks wont think im crazy for having downsized to a subsistence farmer.
H. Clinton going to have her hands full if Obama manages to amend the Constitution by gutting the 22nd and runs for a third term for president.
Will the people vote for him again?
Oh! You bet they will.
In a non-corrupt election he will get votes but not enough to win. However, if he is able to run he will get the votes needed, one way or another.
And that would be the signal to ALL Patriots to end civility.
I am surprised that our little Napoleon hasn’t executive-penned the Constitution Amendments and gutted the ones he doesn’t like (which would be most of them).
A review of the 27 amendments is always an eye-opener such as the 27th amendment: “Delays laws affecting Congressional salary from taking effect until after the next election of representatives.” WTH?
The amendment was submitted for ratification in 1789 and ratified in 1992. Must have been a slow day for lawmaking. AND if that amendment wasn’t an election-bender, what is? (delaying people getting mad at congressional salaries until AFTER they are reelected — just like Obama delaying (by “executive” order) all the rules regarding ObamanationCare until after the 2014 elections.
With the entire Primary’s yesterday they should show everybody that the ballot box is broken (look at the good old boys winning), absolutely no help there. As for the ones to use all the weapons and ammo, my take is the ones that want to keep getting a Government PAY-CHECK, and I’m not talking about SS, SSI, etc. that type, the ones drawing a Government check. Of those 30 to 40 percent will take up those arms. I pray that I’m wrong, but my gut tells me different. Way too many on the Government teat have drunk the KOOL-ADE. As far as them kicking in your doors, do everything you can to funnel them into a straight line, behind one other so your first answer (at the KNOCK), just may take down two or three at once, yes I know body armor but it can be defeated. Live and die a FREE PERSON! These are my thoughts from the river bank.
River Rat at the ready
All those General Motors recalls. Two million? Wonder how those New Plants in China are doing.
doesnt matter, they too are building cars no one is buying..they are just stacking them deep in lots just like we are here. when this quagmire goes off along with all the other shit ,,its going to fly around the world and hit every fan
China has bitten deep into the banker dream of easy
credit and endless debt. They are not doing as well as many may think.
They have an epic housing bubble going and no one is buying. The common man in China is just as broke as the common man here.
You can get an insight of their real estate bubble by the fact that they produced more concrete in 2011-2012 than the US produced in the whole 20th century.
When their financial bubble pops it will knock the whole system on it’s ass.
JRS
As I said before, “The people making the goods cannot afford to buy them”. As the US lost its manufacturing base to the developing world it lost the $50k + jobs with it. The more people making 50 cents an hour producing goods the less people there are making $25 per hour to buy them. The short term solution was more debt to fuel purchasing power. The “Let them eat cake” didn’t work out too well in France and its not going to end well globally either.
We should be able to recall the president instead of impeachment. Look how it worked for Bill Clinton. Get rid of the goofball in office.
Look for impeachment once the Senate changes hands this fall. No point to it without removal.
Haven’t you americans figured out that there is no solution to the problems the world faces, the rich have taken too much and left too little for the poor and working, all in the name of capitalism, which is nothing more than a license to lie, steal, and kill for greed. The people have allowed all this and have even voted for and supported it, the only solution is a civilization reset and those that rule only don’t want anyone left that will resist their tyranny. Its been a good ride, enjoy whats left cause its going to end horribly because Americans have sold each other out, a job with a little assumed power and authority is more important than the country and people of the country, there is no fix for that, America has too many traitors. the sowing has been done now its time to pay that karmic debt.
I read over at Zero Hedge that 55% of global commerce used the US dollar in 2000. In 2013 it was 33%.
Thats a 40% drop.The US points a gun at some nations to get them to continue using the USD in these transactions. The problem is some of the remaining nations have very big guns too and are willing to use them.
In the meantime surfs up, beer is in the fridge, whats the score of the game and who won on “Dancing With The Stars”.
major news
it’s a done deal
Russia And China Finally Sign Historic $400 Billion “Holy Grail” Gas Deal
http://www.zerohedge.com/news/2014-05-21/russia-and-china-finally-sign-400-billion-holy-grail-gas-deal
this will not go down as a foreign policy success for Obama !
Here is a big fat red flag. DECEPTION of what is really going on. How these slime in the MSM don’t tell it like it really is, that people are hand fed rosy colored glassed stories that are pure crap. This is mostly about the Ukraine situation mostly, but definitely goes much deeper in serious issues like the economy and how bad things really are fopr people.
“How five American companies control what you think”.
http://rt.com/op-edge/158920-us-ukraine-media-control/
As an incentive for purchasing Obunglescare, the grabberment is offering a free packet of daisy seeds. This offers the recipient the unique opportunity to watch them grow from the root side–
See! It’s good for the economy and the environment!
Your attendance of the Slave Auction is mandatory? You must bid on yourself with money that doesn’t exist? Sales taxes and property taxes on yourself are not included. Subject to change by executive and/or New World order.
heading for a real life version of Stephen King’s THE STAND ?
Bird flu experiments pose threat, researchers warn
http://www.usatoday.com/story/news/nation/2014/05/20/avian-flu-experiments/9138937/?siteID=je6NUbpObpQ-wuB3Yf9ZOXuEW_i6mb7hBw
“Mistakes have happened before, said Lipsitch, who co-wrote an opinion piece in the journal PLOS Medicine with Alison P. Galvani, an epidemiologist at the Yale School of Public Health in Connecticut. There is some evidence that a strain of flu common since the late 1970s was released from a lab in China or Russia, he said.”
here’s another red flag for the economy
fracking ain’t what it’s cracked up to be
BREAKING:
Gov’t Slashes Calif. Oil Estimate
U.S. Department of Energy Agency Reduces Monterey Tight Oil Estimate by Over 95%
http://www.postcarbon.org/press-release/2239062-monterey-shale-downgraded
Shale: High depletion rates in Bakken
http://www.oil-price.net/en/articles/shale-high-depletion-rates-in-bakken.php
the latest research shows fracked wells deplete by about 90% in only 3 years
many wells deplete by 40% or better the first year alone
there will always be gas and oil
but will we be able to afford it ?
once a society runs out of CHEAP energy it begins the collapse stage
UK, France and Italy to Face Energy Crisis within Five Years, Study
http://www.universityherald.com/articles/9458/20140517/uk-france-italy-energy-anglia-ruskin-oil-coal.htm
Does this mean we won’t be “energy independent” like they said?
FFS…can somebody tell the government to do something? I need cheap diesel for my F-350 so I can make my weekly NASCAR beer runs to the 7-11.
If we all got together we could make a list of 1,000 red flags. This country is going down. Its the plan. I used to try and talk to folks but gave up. Aint bad news on the tv. The only real bad news is my opinion and attitude. All I care about now is the family and theyre all on board.
Got some ground beef from our local butcher, 10 pounds at $4.69 a pound. Its going into burgers to freeze and that will be the last ground beef we buy this year. Maybe for several years since there aint no paycheck after I leave the job in June.
Pork prices up already here. There are no pigs in the area to grow out. None. No pork for us in 2014-2015 now. Got to give the wife credit for urging me to keep a sow and boar. No, says I. Its too much trouble keeping a boar. She urged me, told me what if. Nah, pigs are easy to get around here.
Every time I want bacon or smoked ribs, Ill remember which one of us was smarter. Ill learn to take her advise every time she makes a suggestion now too.
2million pounds of contaminated beef on the market as we speak.
To be honest Im about done eating any meat from any store
back to shooting bambi’s dad, and mom.
I heard that VRF. We dont eat store meat either. It isnt just contamination but its where the meat was grown like Mexico or China. And the labels dont tell the story.
If we dont raise the meat we eat, it comes from the slaughterhouse near here. They only butcher from meat grown by a few locals or custom cuts from homegrown.
Just saw on Drudge that petco recalled dog jerky treats made in China due to deaths. Who would eat anything made in China?
Meattrapper feeds his family high quality organic meat from local critters while living in the suburbs.
I downloaded his video and will be following his example to supplement the deer and elk that are becoming harder to get each year.
http://meattrapper.com/
We just ordered a half beef from a local rancher and friend. We always get if from him. It is excellent. Had to buy another freezer, tho. Now we have four. Got the gennies to run them, including solar.
Recently filmed eating his earwax in a committee meeting, Joe is in the spotlight again…
Democratic Miami Congressman Joe Garcia, “WE’VE PROVEN THAT COMMUNISM WORKS.”
http://miamiherald.typepad.com/nakedpolitics/2014/05/joe-garcia-gets-in-america-risings-crosshairs-again-with-communism-works-line.html
Another indicator,
Dicks Sporting Goods sales are way down and it’s stock price has dropped 18%+ in one week. This is one of the places that the working class spends discretionary dollars.
Dicks (no ‘ on purpose)should have lost all gun owners as customers when they pulled the “evil” black rifles from their shelves after sandy hook and wouldn’t refund money on orders pending. They made their bed, now they can sleep in it.
Russia and China sign $400 Billion gas deal. Will use their own currencies, not the US petro dollar. Less gas for Europe probably. Goodby US currency, sooner rather than later. Russia dumps large amounts of US Treasuries. They buy large amount of gold with the money. US government reduces QE. Someone buys large amount of US treasuries through Belgium. Belgium? Is the US buying it’s own treasuries through the backdoor? Is the ECB secretly helping us out and buying the treasuries? Inquiring minds want to know. We’re doomed.
It is like a snake eating its own tail, soon death follows..
well this makes for some interesting reading
CIA whistleblower: Obama reversed positions because of ‘what happened to MLK Jr.’
http://www.blacklistednews.com/CIA_whistleblower%3A_Obama_reversed_positions_because_of_‘what_happened_to_MLK_Jr.’/35370/0/0/0/Y/M.html
“MCGOVERN: Which leads to the question, why would [Obama] do all these things? Why would he be afraid for example, to take the drones away from the CIA? Well, I’ve come to the conclusion that he’s afraid. Number one, he’s afraid of what happened to Martin Luther King Jr.
And I know from a good friend who was there when it happened, that at a small dinner with progressive supporters – after these progressive supporters were banging on Obama before the election, Why don’t you do the things we thought you stood for? Obama turned sharply and said, “Don’t you remember what happened to Martin Luther King Jr.?” That’s a quote, and that’s a very revealing quote”
HELL ON EARTH IS COMING, WITH A VENGEANCE
Vicious hoards of blood crazed mobs will go door to door looking for people to kill, (for NO reason) or for food. Murder, rape, bloodletting will reach epidemic proportions. Cannibalism will become commonplace so much so parents will eat their children.
This is the world without God the world we are ASKING FOR (and we are going to get it)…
Then the USA, the World will reap the FULL measure of God’s wrath and all he will have to do is turn his back on us and leave us to our own demise.
what is a Trtailer?
Seriously God’s Wrath?
Do you truly believe there is some entity existing on an ethereal plane and judging the goings on of insignificant beings like you and all the simple minded “God” people that profess their enlightened insight as to this beings will.
Wow!!!
Please get off the god crap…It’s hard to believe anyone can truly be very wise and thoughtful if they spew this kind of tripe.
BBJF
Take your own advice. “It’s hard to believe anyone can truly be very wise and thoughtful if they spew this kind of tripe.” Intolerance is not a virtue.
Chill Bro’
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