This Is The End Of A Mega-Cycle
Posted By: NightSky
Date: Wednesday, 31-May-2023 13:00:04
http://www.rumormill.news/223522
| By Michael SnyderHave we finally reached the end of the road? When it comes to the economy, most of us focus on short-term cycles. In recent years there have been times when the economy has been growing and there have been times when the economy has been shrinking, but all of those short-term fluctuations have happened in the context of a long-term trend of debt-fueled “growth”. We have been relentlessly stealing from the future in order to make the present more pleasant, and most of us pretend that the piper will never have to be paid. But of course the truth is that a day of reckoning is fast approaching, and that day of reckoning is going to be immensely painful.Earlier today, I came across a tweet by End Wokeness that really does a great job of pointing out the harsh reality of what we are facing…US national debt, 1960: $286 billionUS national debt, 2023: $31.4 trillionAre our roads better?Are our streets safer?How about healthcare?Is it easier to raise a family?Did we improve our schools?If not, then what the hell did they do with that $31,124,000,000,000?I can actually answer that last question.They bought time.By kicking the can down the road over and over again, they have been able to delay the severe economic consequences that myself and so many others have been warning about all these years.About two-thirds of our national debt has been accumulated since Barack Obama first entered the White House.Over the past 15 years, our politicians in Washington have been on an absolutely insane debt binge. Adding more than 20 trillion dollars to the national debt has allowed them to extend the party for a lot longer than many of us originally anticipated, but now the jig is up.Our currency is rapidly losing value, inflation is wildly out of control, the Federal Reserve has been forced to dramatically hike interest rates, and economic conditions are steadily deteriorating all around us.Thankfully, there are still some politicians in Washington that want to get federal borrowing under control, and they are going to try to block the debt ceiling agreement from getting through Congress.And there are some that are even suggesting that Kevin McCarthy should be removed from his position…On a House Freedom Caucus call Monday night, Rep. Ken Buck, R-Colo., floated using the motion to vacate, a rule that would allow any member of Congress to force a vote to remove the speaker, two sources familiar with the call told NBC News. Buck, speaking toward the end of the call, referred to it as the “elephant in the room,” one source said.After House Freedom Caucus Chairman Scott Perry, R-Pa., suggested it might be too early for such a drastic threat, Rep. Paul Gosar, R-Ariz., proposed using the threat to force McCarthy to allow members to amend the bill on the House floor, under an “open rule” that could stall the bill’s passage. Perry responded that they would discuss the issue more when members return to Washington after the long weekend.Ultimately, I don’t think they will be successful.I think that there will be enough votes from the Democrats to pass the debt ceiling agreement, and I believe that Kevin McCarthy will remain the Speaker of the House.But if I am wrong, things will get quite “interesting” very rapidly.Of course it isn’t just the federal government that is drowning in debt.State and local governments have taken on mountains of debt, corporate debt has surged to levels that we have never seen before, and U.S. consumers are currently more than 17 trillion dollars in debt.High interest debt is particularly destructive, and it is being reported that Americans now owe more than a trillion dollars on their credit cards…America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask.The average interest rate on a new card is 24 percent, the highest figure since the Reaganomics era.This really is a form of predatory lending, and most of the large financial institutions are doing it now.Don’t fall into their trap.Because once you get into a situation where you cannot pay off the balance every month, you can end up paying back far, far more than you originally borrowed…A typical American household now carries $10,000 in credit card debt, by one estimate, another record.If that doesn’t sound like a lot of debt, try paying it off. At $250 per month, with 24 percent interest, you’ll be making payments until 2030, and you’ll spend a total of $20,318, twice what you owed. And that assumes you never use the card again.What we are facing is an entire society that is completely and utterly saturated with debt.From the very top to the very bottom, we have pushed things just about as far as they can go, and now the wheels are starting to come off.In order for the party to continue, our debt levels have to continue to expand, and the Uniparty in Washington understands this very well.But this madness cannot go on forever.We are like an addict that needs larger doses over time in order to achieve the same buzz.That can work for a while, but eventually the addict overdoses and ends up dead.Sadly, the end of our story is rapidly approaching as well. The debt mega-cycle that we are currently experiencing has reached a terminal phase, and there is going to be immense pain as the system implodes all around us.I really do hope that the abominable debt ceiling agreement that they are trying to push through Congress right now does get defeated.But no matter what happens in Washington, this debt mega-cycle is coming to an end, and that has very serious implications for each one of us.***************************About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com. In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible. I have also started a brand new Substack newsletter, and I encourage you to subscribe so that you won’t miss any of my articles. 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 and Twitter, and any way that you can share these articles with others is definitely a great help. These are such troubled times, and people need hope. |
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=223522
11 Signs That Global Conflict Could Soon Spiral Completely Out Of Control
Posted By: NightSky
Date: Wednesday, 31-May-2023 14:24:28
http://www.rumormill.news/223530
In Response To: This Is The End Of A Mega-Cycle (NightSky)
| By Michael SnyderThe world seems to be gripped by a really bad case of war fever. National leaders all over the globe are rattling their sabers, and that should deeply alarm all of us. The last time that there was a “world war”, tens of millions of people died. This time around, it could be hundreds of millions or even billions of people. Today, we literally possess the ability to destroy all of humanity. So a worldwide conflict in which nuclear weapons are used should be avoided at all costs, but unfortunately those that are running things seem absolutely determined to push us toward such a conflict anyway.Over the past couple of weeks, there have been so many alarming developments. The following are 11 signs that global conflict could soon spiral completely out of control…#1 Russia just signed a deal to deploy tactical nuclear weapons to Belarus…The defense ministers of Russia and Belarus on Thursday signed a document on the deployment of Russian tactical nuclear weapons on Belarusian territory, the state-run TASS news agency reported, citing the Defense Ministry of Belarus.Russia will retain control over its non-strategic nuclear weapons stationed in neighboring Belarus, Russian Defense Minister Sergei Shoigu said at a document-signing event with his Belarusian counterpart Viktor Khrenin in Minsk.“Russia will not transfer nuclear weapons to the Republic of Belarus: control over them and the decision to use them remains with the Russian side,” he said.#2 U.S. and Taiwanese officials have reportedly been talking about bringing Taiwan under the “nuclear umbrella” of the United States. Needless to say, such a move would make war with China much more likely…There seems to be a growing demand for a US ‘nuclear umbrella’ in Taiwan amid increasing belligerence by China in the Asia Pacific region.The desire for such a ‘nuclear umbrella’ against a potential invasion by China – which is already provided to Japan and South Korea by the United States (US) – has reportedly received support from defence experts in Taiwan.The US ‘nuclear umbrella’ will not see the deployment of atomic weapons in Taiwan, but will see the world’s ‘sole superpower’ respond in kind to a nuclear attack by China during an invasion of the island nation.#3 The Russians have just issued an arrest warrant for U.S. Senator Lindsey Graham…Russia’s Interior Ministry on Monday issued an arrest warrant for U.S. Sen. Lindsey Graham following his comments related to the fighting in Ukraine.In an edited video of his meeting on Friday with Ukrainian President Volodymyr Zelenskyy that was released by Zelenskyy’s office, Graham, a Republican from South Carolina, noted that “the Russians are dying” and described the U.S. military assistance to the country as “the best money we’ve ever spent.”#4 A senior Taliban commander is boasting that “we will conquer Iran soon”…The Taliban threatened on Sunday that it could conquer Iran as tensions increase over water disputes between Afghanistan and Iran, leaving at least three people dead.In a video released by the Taliban, a senior commander in the terrorist organization running Afghanistan warned that the Taliban would fight the Islamic Republic’s Revolutionary Guard “with more passion” than they fought the US forces. He added that the Taliban “will conquer Iran soon if the Taliban’s leaders give the green light.#5 Israel has doubled the number of attacks on Iranian targets inside Syrian territory in recent months…Defense Minister Yoav Gallant on Monday said that he has “doubled the attacks on Iran in Syria” during his several months in office.Gallant also revealed Tehran’s secret sea war against Israel, presenting new photographic evidence of five different ships it is using to establish another front against the Jewish state.#6 Hezbollah just conducted major military exercises very close to the border with Israel…The military exercise was unusual not only because it was made public — nearly 400 people attended, including Hezbollah supporters and several journalists — but also because it was conducted only 12 miles north of the Israeli border, just outside an area where militias are not allowed to operate under a UN Security Council resolution adopted in 2006.#7 Most Americans don’t realize this, but U.S. troops will soon be deployed in Peru…Unbeknown, it seems, to most people in Peru and the US (considering the paucity of media coverage in both countries), US military personnel will soon be landing in Peru. The plenary session of Peru’s Congress last Thursday (May 18) authorised the entry of US troops onto Peruvian soil with the ostensible purpose of carrying out “cooperation activities” with Peru’s armed forces and national police.#8 Violent clashes in Kosovo have resulted in more than two dozen NATO troops being injured…NATO-led troops and police clashed with protesters in Northern Kosovo Monday amid an ongoing standoff between ethnic Albanian authorities and local ethnic Serbs who ignored warnings not to seize municipality buildings.The violence comes after Kosovo’s police raided Serb-dominated areas in the region’s north and seized local municipality buildings over the weekend. The demonstrations have led to injuries on both sides, which more than two dozen NATO troops injured.#9 The U.S. military is building a brand-new base in northern Syria. Apparently the U.S. occupation of large portions of Syrian territory is not going to end any time soon…The US-led anti-ISIS coalition is building a new military base in Syria’s northern province of Raqqa, The New Arab reported, citing a source close to the Kurdish-led Syrian Democratic Forces (SDF).The US backs the SDF and keeps about 900 troops (officially at least) in eastern Syria, allowing the US to control about one-third of Syria’s territory. The report said there are currently about 24 US-led military sites spread throughout eastern Syria.#10 North Korea is claiming that the U.S. and South Korea have just conducted an “invasion rehearsal”…The South Korean and U.S. militaries conducted large live-fire drills near the border with North Korea on Thursday, despite the North’s warning that it won’t tolerate what it calls an invasion rehearsal on its doorstep.The drills, the first of five rounds of live-fire exercises through mid-June, mark 70 years since the establishment of the military alliance between Seoul and Washington. North Korea typically reacts to such major South Korean-U.S. exercises with missile and other weapons tests.#11 Due to “security concerns,” dozens of “satellite phones for emergency communication” are being issued to members of the U.S. Senate…Amid growing concerns of security risks to members of Congress, over 50 senators have been issued satellite phones for emergency communication, people familiar with the measures told CBS News. The devices are part of a series of new security measures being offered to senators by the Senate Sergeant at Arms, who took over shortly after the assault on the U.S. Capitol on Jan. 6, 2021.The satellite phone technology has been offered to all 100 senators. CBS News has learned at least 50 have accepted the phones, which Senate administrative staff recommend senators keep in close proximity during their travels.We have never seen such a dramatic measure ever be taken before.Are they preparing for something?I wish that I knew.But what I do know is that we are certainly living during a time of “wars and rumors of wars,” and it definitely isn’t going to take much to push us over a line that will never be able to be uncrossed.But for now, most people in the Western world simply are not paying attention to what is going on.Most of them just assume that our leaders are wise, competent and will be able to keep us out of any sort of nuclear conflict.About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com. In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible. I have also started a brand new Substack newsletter, and I encourage you to subscribe so that you won’t miss any of the latest updates. 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 and Twitter, and any way that you can share these articles with others is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today. |
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