This article was originally published by Michael Snyder at The Economic Collapse Blog.
Ignoring long-term problems can work for a while, but eventually, they catch up with you. Over the years, I have written many articles about alarming long-term trends in our society that desperately needed to be addressed. Of course, the vast majority of those long-term trends never got much attention, because our political system tends to reward politicians that focus on short-term issues. As a result, many of the long-term trends that I have written about previously have now gotten to a point where they have started to become very serious short-term problems. In this article, I would like to share 9 examples of this with you.
#1 I have been warning about exploding debt levels for as long as I have been writing about the economy. Most people know that the U.S. national debt has now crossed the 28 trillion dollar threshold, but hardly anyone is talking about the explosion of corporate debt that we have been witnessing in recent months. According to the Federal Reserve, total corporate debt in the United States is now up to a whopping 11.2 trillion dollars…
Before the pandemic, U.S. companies were borrowing heavily at low interest rates. When Covid-19 lockdowns triggered a recession, they didn’t pull back. They borrowed even more and soon paid even less.
After a brief spike, interest rates on corporate debt plummeted to their lowest level on record, bringing a surge in new bonds. Nonfinancial companies issued $1.7 trillion of bonds in the U.S. last year, nearly $600 billion more than the previous high, according to Dealogic. By the end of March, their total debt stood at $11.2 trillion, according to the Federal Reserve, about half the size of the U.S. economy.
#2 Needless to say, this level of corporate debt is not even close to sustainable, and we are starting to see a lot of prominent names go bankrupt. In fact, one of the largest mall owners in the entire country officially filed for bankruptcy on Sunday…
Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns.
The Columbus, Ohio-based company filed for Chapter 11 late Sunday, saying Covid-19 “created significant challenges” and that the move is “necessary.” Washington Prime secured $100 million in new funding to support its day-to-day operations so it can “continue in the ordinary course without interruption.”
#3 The standard of living in the United States has been going down for a very long time. Here in 2021, inflation is growing at a much faster rate than wages are, and this is squeezing middle class families like never before. One of the ways that families are dealing with this is by putting off major purchases, and that is one of the reasons why the average age of the vehicles on our roads has now reached an all-time record high…
The average age of vehicles on U.S. roadways rose to a record 12.1 years last year, as lofty prices and improved quality prompt owners to hold on to their cars longer.
It was the first time the average vehicle age rose above 12 years, according to data released Monday by research firm IHS Markit. While the average vehicle age has risen steadily over the last 15 years, the trend accelerated during the coronavirus pandemic partly because of a drop in new-car sales, IHS said.
#4 America’s growing homelessness crisis has accelerated greatly during the pandemic, and the big cities in California are being hit the hardest. At this point, it is really difficult to navigate through the streets of San Francisco without stumbling over a tent or stepping in human excrement…
For a city as opulent as San Francisco, it’s long been jarring to see the extreme poverty of those experiencing homelessness on its streets. If you walk around downtown, tents, makeshift cardboard beds and human excrement can be seen littering the sidewalks. Impoverished people lie on the ground as a blur of highly paid professionals whiz by.
#5 The homelessness crisis is also one of the factors that is fueling the dramatic rise in crime rates that we have been seeing all over the nation. Once upon a time, millions of eager tourists would flock to Venice Beach, but now the phrase “like hell went to hell” is being used to describe conditions at that once pristine tourist trap…
Year-to-date numbers show that robberies have nearly tripled since the same period last year. Homeless-related robberies are up 260 percent; homeless-related assaults with a deadly weapon is up 118 percent; property crimes and area burglaries are up 85 percent; and grand theft auto is up 74 percent.
According to Embrich, felony arrests are up 68 percent, while misdemeanor arrests have grown by 355 percent. But arrests aren’t enough: Suspects are often released back onto the streets within hours.
#6 The police are the ones that are supposed to protect us from crime and restore order when things get out of control, but now they are leaving public service in record numbers. After being endlessly demonized by leftist activists and the mainstream media, police officers are either retiring or resigning at a staggering rate….
Police retirements have risen by 45 percent in the past year, with officers opting out of forces across the country amid Black Lives Matter demonstrations that fueled anti-cop rhetoric.
The alarming statistic was revealed by the Police Executive Research Forum on Sunday, with the organization also revealing that resignations rose by 18 percent during the same twelve month period.
#7 Have you noticed that many of our cities are becoming disgustingly filthy? When I was growing up, I often heard the phrase “cleanliness is next to godliness”, but you never hear anyone use it anymore. These days, filth and grime are everywhere, and that has resulted in widespread infestations. Many of our cities now have massive problems with rats and bed bugs, but Chicago is the worst of them all…
The Windy City is known for quite a few things: hot dogs, deep dish, baseball. But here’s one thing you probably don’t associate with Chicago: bed bugs. Turns out these tiny hitchhiking pests are quite fond of our city, according to the latest numbers available through Atlanta-based Orkin, a company that specializes in pest control services.
In fact, Chicago ranked no. 1 on the 2021 list, according to Orkin, reclaiming the top spot for the first time since 2017, when it slipped to no. 3, just behind Baltimore and Washington. For the sixth year in a row, Orkin also ranked Chicago the “rattiest” city in America.
#8 I have been writing about the drought in the western half of the country for years, but here in 2021 it is the worst we have ever seen. As I write this article, an astounding 88 percent of the West is officially in a state of drought…
Lakes at historically low levels, unusually early forest fires, restrictions on water use and now a potentially record heat wave: even before summer’s start the US West is suffering the effects of chronic drought made worse by climate change.
Eighty-eight percent of the West was in a state of drought this week, including the entire states of California, Oregon, Utah and Nevada, according to official data.
#9 When drought gets bad enough, it leads to water shortages, and we will want to watch developments in California very closely. Water supplies have gotten very tight throughout the state, and officials in Santa Clara County just officially declared “a water shortage emergency”…
Santa Clara County is in extreme drought. We can’t afford to wait to act as our water supplies are being threatened locally and across California. We are in an emergency and Valley Water must do everything we can to protect our groundwater resources and ensure we can provide safe, clean water to Santa Clara County residents and businesses.
To better deal with these threats and the emergency they are causing, today my fellow Board Members and I unanimously declared a water shortage emergency condition in Santa Clara County. This declaration, which is among the strongest actions we can take under law, allows Valley Water to work with our retailers, cities and the county to implement regulations and restrictions on the delivery and consumption of water. We also are urging the County of Santa Clara to proclaim a local emergency and join us in underscoring the seriousness of the threats posed by the extreme drought.
Over the past few years, America has been hit by crisis after crisis, and many are yearning for a return to the good old days. Unfortunately, that simply is not going to happen.
The United States is never going to be like it once was. Too many things have changed, and our culture has been radically transformed over the past several decades.
Many of the items that I have shared in this article are simply symptoms of much broader cultural problems. We are a deeply, deeply sick society, and it is getting worse with each passing day.
***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com. In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe. I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions. I encourage you to follow me on social media on Facebook, Twitter, and Parler, and anyway that you can share these articles with others is a great help. During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.
Yaaaa. “You can ignore reality, but you can’t ignore the consequences of ignoring reality”. Overpopulation is a huge problem. Seems like only idiots have a bunch of kids. Not needed, resource draining, low intelligence, drags on the planet. But it is taboo to point this out? This is about the only thing I agree with the “elites” about. Someone has to reign in the herd, they are too selfish and stupid to do it themselves. You reap what you sow. Thanks for making it so I can’t go ANYWHERE without a shitload of people. If you really want to know who to blame…. LOOK IN THE MIRROR!
There is a lot of truth to what you say. But when you say look in the mirror, I feel totally different than you? I’m very proud of my children and grandchildren!! Very self sufficient, All very positive and productive to society and the community’s!! Don’t know anyone that were laying on their death bed, say man I’m so glad I never had children? But I know a few lonely ones that said thats one joy they wish they had experienced? That’s the main problem today, destroying the family! When you change the way God meant it to be, don’t expect a rosie out come? God bless all.
But… with the majority of people getting the “shot”. It will soon remedy itself. May stink for a while but with the die off we should be able to clean the world. It all could have been done by just removing warning labels off of products.
Some years ago, my employer required the work force to attend a sensitivity training class. I’ll never forget the individual that was contracted to “instruct” (he wasn’t just gay, he was a real flamer). He was white, but he made the comment “if we could just get rid of all the whites it would be a better country and a better world”. He was immediately heckled by the crowd for saying that, but he tried to come off like he was superior to the rest of us. He said there were about 260 ethnicities, groups, identities, etc. in American society. He said they were all oppressed, only the straight white males were not oppressed, that we were the oppressors. He thought it was wonderful that 3rd worlders are flooding into the country, and said justice and equality could only be achieved once whites were a minority. After 4 hours we left not learning a g*dd*m thing. This is the same crap being taught in schools now, into impressionable young minds.
As for the instructor, we realized he is a fraud, his intent was never to really teach, he was just wanted venues to spew his garbage political views.
You are correct about reproductive trends, with very few exceptions, the lower the average IQ of the people the more children they reproduce, and vice versa. This is especially so with nations. In the US, the white birth rate is declining, yet the population is increasing. This could only mean one thing, immigration (legal and illegal) is mainly responsible for the increase. But it won’t be controlled, the overarching, highest priority of TPTB/the State/“elites”/etc. is to permanently alter the demography and culture of the US. The nation’s population will continue to grow until something dystopian occurs.
If it was not for white European Christians the world would still be eating each other. Western cIvilization enriched and brought enlightenment to peoples of the world. Many third world countries
especially ones of color are still in the dark ages.
This woke culture movement is a joke – Liberal women and metrosexual men oozing white guilt are the real problem.
Remember te elite want to depopulate the world by 90-95%
To accomplish this they need to use weak minded liberals minorities and muslims to bring down western civilization.
BTW they are doing a really good job and it is not going to end well for the world.
Be prepared and Ammo up – go out standing up not on your Knees.
All big problems are the result of little problems that weren’t dealt with at the time, and it may have been deliberately done since the solution to the big problem it created is what someone wants but can’t get people to accept any other way.
Does anyone know what Anonymous is talking about?
The perfect storm is coming. do you want to be here when it explodes? check a country that you would be comfortable with, values that you share and get the hell out. We’ve reached a tipping point where someone(China/Russia) might take advantage of. You definitely don’t want to be here then. don’t blame me, the politicians have screwed everything up with their agendas and not what is good for the country. My one vote never prevented anyone from attaining office or prevented one from being thrown out.
This is a worldwide thing, there is no place you can go to get away from it that won’t have the same things happening there as happen here.
Long term problems, it will take decades to dig out of the damage Biden and the Democrats are doing.