Proverbs 22:3 NLT

A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.

-- (((Charles Finney, said the following: “If
there is a decay of conscience, the pulpit is responsible for it))) --


THOSE WHO WILL DO NOTHING NOW, WHEN IT COSTS THEM LITTLE - WILL DO EVEN LESS LATER, WHEN IT COST THEM EVEN MORE


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X22 Report is a daily show that will cover issues surrounding the economic collapse

Wednesday, October 21, 2015

Homan Square revealed: how Chicago police 'disappeared' 7,000 people / WAL-MART puts squeeze on suppliers to share its pain as earnings collapse... / BANKS SAY NO TO CASH; FEES FOR DEPOSITS... / ◾WASHINGTON PERSECUTES AMERICA’S GREATEST PATRIOTS The American people accept the persecution of truth-tellers, because they have been brainwashed / Underground landfill fire creeping closer to radioactive waste dump... / Clinton Wants to Consider Gun Buy-Back / ◾FEDERAL JUDGE KICKS FAMILY OFF PROPERTY NEAR AREA 51, GIVES LAND TO AIR FORCE / ◾TEXAS GOVERNOR TO BLM: Get Your Ass Out of Texas! 'Texas will not wait any longer.' / Global Trade Is Collapsing As The Worldwide Economic Recession Deepens / BROKE: Puerto Rico Struggling to Reach Deal With Hedge Funds... / WAL-MART removes 'Made in USA' logos after inquiry... / ◾Wal-Mart Symbol of Economic Condition / BAILOUT: Banks to Start Charging You on Deposits / ◾Court decision paves the way for Australian-style gun ban / Global Trade Is Collapsing As Retailers Fear the Worst: “The Ground Is Shaking Here” / ◾Warning sign: Tech companies of All Sizes and Ages Are Starting to Have Layoffs / 80% of Asian voters want stricter gun control... / ◾Things Are Getting Scary: Global Police, Precrime and the War on Domestic ‘Extremists’ / ◾20 Reasons Why All The People That Quit Prepping After September Are Dead Wrong - The month of September was not “the end” of anything Rather, it was just the beginning… / ◾Russian aircraft in Syria attack 60 terrorist facilities over past day — Defense Ministry / ◾San Fran middle school cancels student elections because too many white people elected / ◾Police Spokesman Says Cops Should Confiscate LEGAL Firearms /

Homan Square revealed: how Chicago police 'disappeared' 7,000 people
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The Wal-Mart company logo is seen outside a Wal-Mart Stores Inc company distribution center in Bentonville, Arkansas June 6, 2013. REUTERS/Rick Wilking
Reuters/Reuters - The Wal-Mart company logo is seen outside a Wal-Mart Stores Inc company distribution center in Bentonville, Arkansas June 6, 2013. REUTERS/Rick Wilking
 WAL-MART puts squeeze on suppliers to share its pain as earnings collapse... -
By Nathan Layne
(Reuters) - Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores . Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last week.
The discount store behemoth has always had a reputation for demanding lower prices from vendors but Reuters has learned from interviews with suppliers and consultants, as well as reviewing some contracts, that even by its standards Wal-Mart has been turning up the heat on them this year.

Woes revive minimum wage debate...

'Retail giant seems to regret move'...

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BANKS SAY NO TO CASH; FEES FOR DEPOSITS...
- Big Banks to America’s Firms: We Don’t Want Your Cash

Profit-crunching low interest rates have banks judging cash too costly to keep

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Washington Persecutes America’s Greatest Patriots
WASHINGTON PERSECUTES AMERICA’S GREATEST PATRIOTS The American people accept the persecution of truth-tellers, because they have been brainwashed
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SALON: PEOPLE WHO WANT GUNS SHOULD BE SHOT FIRST 'If you love guns, if they make you feel safe... then you need to be shot' 

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Group Demands Satan, Allah, Odin and Others Be Added to ‘God Bless the Military’ Display
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Landfill in Bridgeton, Mo.

Underground landfill fire creeping closer to radioactive waste dump...
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Detroit Paramedics Stabbed, Slashed Repeatedly While Trying To Help Injured Woman...
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Clinton Wants to Consider Gun Buy-Back Democratic Presidential hopeful Hillary Clinton said if elected she will consider a mandatory gun buy-back program like the one in Australia.
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Gay Couples Should Receive Communion: Catholic Archbishop Archbishop Blase Cupich of Chicago — who is participating in the Synod of the Family at Pope Francis’ personal invitation — said at a Vatican press scrum this morning that the conscience is "inviolable" and that he believes divorced and remarried couples could be permitted to receive Communion, if they have "come to a decision" to do so "in good conscience" - theological reasoning that he indicated in response to a follow-up question would also apply to gay couples.
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Teen Arrested for Homemade Clock Visits Sudan’s President The Irving, Texas teenager arrested last month for bringing a homemade clock to school is in Sudan. Ahmed Mohamed was apprehended after a  teacher thought it might be a bomb. The clock was in a suitcase and had wires attached to it. The incident caused a public outcry against the MacArthur High School officials and
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US Army Borrows British Helicopters Amid Budget Cuts
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South Carolina Mother Arrested For Child Abuse After Questioning Doctors and Losing her Children
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Former US Gov’t Official: 'The elephant in the room is Fukushima radiation' when it comes to Pacific Ocean animal die-offs… Gov’t has totally failed to inform public about full extent of fallout… Media’s silence is deafening
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Federal Judge Kicks Family Off Property Near Area 51, Gives Land to Air Force
Image Credits: joegratz, Flickr.
FEDERAL JUDGE KICKS FAMILY OFF PROPERTY NEAR AREA 51, GIVES LAND TO AIR FORCE
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TEXAS GOVERNOR TO BLM: Get Your Ass Out of Texas! 'Texas will not wait any longer.'
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Global Trade Is Collapsing As The Worldwide Economic Recession Deepens -  now we are witnessing something that is almost unprecedented.  Chinese exports are falling, and Chinese imports are absolutely imploding… - What major retailers such as Wal-Mart are reporting also confirms that we are in a major economic slowdown.  Wal-Mart recently announced that its earnings
would fall by as much as 12 percent during the next fiscal year, and that caused Wal-Mart stock to drop by the most in 27 years. -
Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores. Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last week.
The discount store behemoth has always had a reputation for demanding lower prices from vendors but Reuters has learned from interviews with suppliers and consultants, as well as reviewing some contracts, that even by its standards Wal-Mart has been turning up the heat on them this year.
“The ground is shaking here,” said Cameron Smith, head of Cameron Smith & Associates, a major recruiting firm for suppliers located close to Wal-Mart’s headquarters in Bentonville, Arkansas. “Suppliers are going to have to help Wal-Mart get back on track.”

Dominoes Falling - Public DomainWhen the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down.  It is just basic economics.  Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge.  Today, China accounts for more global trade than anyone else on the entire planet, and we have just learned that Chinese exports and Chinese imports are both collapsing right now.  But this is just part of a larger trend.  As I discussed the other day, British banking giant HSBC has reported that total global trade is down 8.4 percent so far in 2015, and global GDP expressed in U.S. dollars is down 3.4 percent.  The only other times global trade has plummeted this much has been during other global recessions, and it appears that this new downturn is only just beginning. (Read More....)
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KING PAUL: PLEDGE YOUR ALLEGIANCE
DEM FAVORITE
OBAMA'S NEW PARTNER
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BROKE: Puerto Rico Struggling to Reach Deal With Hedge Funds...
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ESPN to Cut 350 Jobs...

YAHOO Sales Fall Short Amid Sluggish Ad Demand...
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WAL-MART removes 'Made in USA' logos after inquiry...
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AMERICAN AIRLINES flight diverted after drunk passenger makes 'finger guns'...
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Wal-Mart Symbol of Economic Condition 


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BAILOUT: Banks to Start Charging You on Deposits

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Court decision paves the way for Australian-style gun ban
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This is a Tipping Point: Robots 'Cheaper Than Any Human Worker' Means the End of Jobs
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retail-sales-plunge
This article was written by Michael Snyder and originally published at his Economic Collapse blog.

Global Trade Is Collapsing As Retailers Fear the Worst: “The Ground Is Shaking Here”
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Warning sign: Tech companies of All Sizes and Ages Are Starting to Have Layoffs
By Alexei Oreskovic at Business Insider
What do Twitter, Microsoft, and Snapchat all have in common?
They have all had layoffs in recent months.
The reasons for the layoffs are as varied as the companies’ products, but the job cuts provide an interesting counterpoint to the parade of mega-funding and billion-dollar startup announcements that have dominated headlines all year.
Even as the tech industry appears to be thriving (and, some argue, at or nearing dangerous bubble levels), tech companies are cutting costs and handing out pink slips.
The question is whether the layoffs are a healthy sign, reflecting disciplined businesses taking measures precisely to avoid overextending themselves, or the first early-warning signals of a changing market.
“There is a general sentiment that the tech-financing market is getting tougher at every stage,” says Chi-Hua Chien, cofounder of the venture capital firm Goodwater Capital.
He notes that recent layoffs at Twitter and at the startup Flipagram are most likely different. But he says: “Smart boards are looking ahead to tighten up fixed costs and trim the fat in their organizations. We’ll probably see more of this in the next few quarters.”

Old guard versus vanguard

The tech industry giants Hewlett-Packard and Microsoft have alreadyslashed thousands of jobs this year. Those companies are old-guard firms scrambling to retrench and restructure aging businesses.
Some of the internet companies that have recently cut jobs are also in the troubled category, such as Groupon and Living Social.
But layoffs are starting to hit the younger mobile and social apps that are the vanguard of today’s tech industry.
Jack DorseyJustin Sullivan/Getty ImagesTwitter CEO Jack Dorsey.
Consider just the past week:
And then there’s Twitter, which announced on Tuesday that it would cut 336 jobs, or 8% of its workforce.
Twitter’s struggles aren’t new. But Twitter’s biggest problem is not its spending, but rather its inability to grow its number of users. The company has been losing money for years, and that has never bothered investors before. So Twitter’s decision to slash its headcount, rather than redeploying staffers on new growth initiatives, is worth paying attention to.
Twitter isn’t just any company either. It is one of the flagship startups of the recovery from the 2008 financial crisis. The company had a banner IPO in 2013 and is the anchor tenant of San Francisco’s new stature as the country’s tech capital.

Fasten your seat belts

With Twitter now looking shaky and hundreds of its workers packing their boxes, don’t be surprised to see reverberations across a spectrum of sharing-economy startups, restaurants, and real estate, all interconnected and dependent upon a growing supply of free-spending techies.
Co working spaceTomohiro Ohsumi/Bloomberg via Getty Images
Layoffs are only one symptom of a souring market — rising burn rates, bulging accounts receivables, and bankruptcy filings will all come together when the bubble bursts. And initial public offerings will flop.
Which brings us back to Twitter. The paperwork for the tech industry’s most highly anticipated IPO was filed last week by Square. The San Francisco-based digital-payments company shares the same CEO as Twitter: Jack Dorsey.
Square has lost hundreds of millions of dollars in the past three years and shows no signs of reversing the trend.
As Business Insider’s Jay Yarow wrote, one person who tracks the performance of startups closely, Danielle Morrill of Mattermark, thinks Square is looking to raise money in the public markets because it could not do so at a price it was happy with in the private markets.
That sounds a lot like the “greater fool” theory that led to the 2000 dot-com crash, and it doesn’t bode well for the health of the industry.
The Square IPO may end up being another blockbuster, as Twitter’s was back in 2013. But if the Square IPO flops, get ready for more layoffs.
Source: Tech company layoffs are increasing – Business Insider
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U.S. President Barack Obama (2nd R) talks with 14-year-old Ahmed Mohamed (C) during the second Astronomy Night on the South Lawn of the White House October 19, 2015 in Washington, DC.© Chip Somodevilla/Getty Images U.S. President Barack Obama (2nd R) talks with 14-year-old Ahmed Mohamed (C) during the second Astronomy Night on the South Lawn of the White House October 19, 2015 in Washington, DC.
 Clock kid’ Ahmed Mohamed and his family will move to Qatar
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NASA WARNS 5.0+ EARTHQUAKE LOS ANGELES IN NEXT 30 MONTHS...
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KING PAUL: PLEDGE YOUR ALLEGIANCE TO ME...

DO IT BY FRIDAY... HE'S A DEM FAVORITE...

OBAMA'S NEW PARTNER...

'F' conservative rating...
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Mass immigration from the Third World would destroy the NRA and ultimately the Second Amendment, a Washington Post op-ed declares, as foreigners with no cultural connection to America continue to pour into the nation at an unprecedented rate.

/PAPER: Demographic change will doom NRA...

80% of Asian voters want stricter gun control...
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NYC: BLACK COP SHOT DEAD...

MAN THROWS URINE IN BUS DRIVER'S FACE...
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CONFUSION, DELUSIONS & ILLUSIONS :American household has in savings. Roughly 62% of Americans have less than $1,000 in savings and 21% don’t even have a savings account

---Sometimes people don’t want to hear the truth because they don’t want their illusions destroyed.” – Friedrich Nietzsche
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U.S. pilots told not to react to aggressive Russian jets in Syria... as the Pentagon signs 'memorandum of understanding' with Moscow to avoid clashes in the air
---Why Russia is Serious About Fighting Terrorism and the US Isn’t: ABSOLUTE MUST READ
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Things Are Getting Scary: Global Police, Precrime and the War on Domestic ‘Extremists’


Things Are Getting Scary: Global Police, Precrime and the War on Domestic ‘Extremists’



 117  10  8
By John W. Whitehead
October 20, 2015

If you answered yes to any of the above questions, you may be an anti-government extremist (a.k.a. domestic terrorist) in the eyes of the police.
As such, you are now viewed as a greater threat to America than ISIS or al Qaeda.
Let that sink in a moment.
If you believe in and exercise your rights under the Constitution (namely, your right to speak freely, worship freely, associate with like-minded individuals who share your political views, criticize the government, own a weapon, demand a warrant before being questioned or searched, or any other activity viewed as potentially anti-government, racist, bigoted, anarchic or sovereign), you have just been promoted to the top of the government’s terrorism watch list.
I assure you I’m not making this stuff up.
Police agencies now believe the “main terrorist threat in the United States is not from violent Muslim extremists, but from right-wing extremists.”
A New York Times editorial backs up these findings:
Law enforcement agencies around the country are training their officers to recognize signs of anti-government extremism and to exercise caution during routine traffic stops, criminal investigations and other interactions with potential extremists. “The threat is real,” says the handout from one training program sponsored by the Department of Justice. Since 2000, the handout notes, 25 law enforcement officers have been killed by right-wing extremists, who share a “fear that government will confiscate firearms” and a “belief in the approaching collapse of government and the economy.”
So what is the government doing about these so-called terrorists?
The government is going to war.
Again.
Only this time, it has declared war against so-called American “extremists.”
After decades spent waging costly, deadly and ineffective military campaigns overseas in pursuit of elusive ISIS and al Qaeda operatives and terror cells (including the recent “accidental” bombing of a Doctors Without Borders hospital in Afghanistan that left 22 patients and medical staff dead), the Obama administration has announced a campaign to focus its terror-fighting forces inwards.
Under the guise of fighting violent extremism “in all of its forms and manifestations” in cities and communities across the world, the Obama administration has agreed to partner with the United Nations to take part in its Strong Cities Network program. Funded by the State Department through 2016, after which “charities are expected to take over funding,” the cities included in the global network include New York City, Atlanta, Denver, Minneapolis, Paris, London, Montreal, Beirut and Oslo.
Working with the UN, the federal government will train local police agencies across America in how to identify, fight and prevent extremism, as well as address intolerance within their communities, using all of the resources at their disposal.
What this program is really all about, however, is community policing on a global scale.
Community policing, which relies on a “broken windows” theory of policing, calls for police to engage with the community in order to prevent local crime by interrupting or preventing minor offenses before they could snowball into bigger, more serious and perhaps violent crime. The problem with the broken windows approach is that it has led to zero tolerance policing and stop-and-frisk practices among other harsh police tactics.
When applied to the Strong Cities Network program, the objective is ostensibly to prevent violent extremism by targeting its source: racism, bigotry, hatred, intolerance, etc.
In other words, police—acting ostensibly as extensions of the United Nations—will identify, monitor and deter individuals who exhibit, express or engage in anything that could be construed as extremist.
Consider how Attorney General Loretta Lynch describes the initiative:
As residents and experts in their communities, local leaders are often best positioned to pinpoint sources of unrest and discord; best equipped to identify signs of potential danger; and best able to recognize and accommodate community cultures, traditions, sensitivities, and customs.  By creating a series of partnerships that draws on the knowledge and expertise of our local officials, we can create a more effective response to this virulent threat.
Translation: U.S. police agencies are embarking on an effort to identify and manage potential extremist “threats,” violent or otherwise, before they can become actual threats. (If you want a foretaste of how “extreme” things could get in the U.S.: new anti-terrorism measures in the U.K. require that extremists be treated like pedophiles and banned from working with youngsters and vulnerable people.)
The government’s war on extremists, of which the Strong Cities program is a part, is being sold to Americans in much the same way that the USA Patriot Act was sold to Americans: as a means of combatting terrorists who seek to destroy America.
For instance, making the case for the government’s war on domestic extremism, the Obama administration has suggested that it may require greater legal powers to combat violent attacks by lone wolves (such as “people motivated by racial and religious hatred and anti-government views” who “communicate their hatred over the Internet and through social media”).
Enter the government’s newest employee: a domestic terrorism czar.
However, as we now know, the USA Patriot Act was used as a front to advance the surveillance state, allowing the government to establish a far-reaching domestic spying program that has turned every American citizen into a criminal suspect.
Similarly, the concern with the government’s anti-extremism program is that it will, in many cases, be utilized to render otherwise lawful, nonviolent activities as potentially extremist.
Keep in mind that the government agencies involved in ferreting out American “extremists” will carry out their objectives—to identify and deter potential extremists—in concert with fusion centers (of which there are 78 nationwide, with partners in the private sector and globally), data collection agencies, behavioral scientists, corporations, social media, and community organizers and by relying on cutting-edge technology for surveillance, facial recognition, predictive policing, biometrics, and behavioral epigenetics (in which life experiences alter one’s genetic makeup).
This is pre-crime on an ideological scale and it’s been a long time coming.
For example, in 2009, the Department of Homeland Security (DHS) released two reports, one on “Rightwing Extremism,” which broadly defines rightwing extremists as individuals and groups “that are mainly antigovernment, rejecting federal authority in favor of state or local authority, or rejecting government authority entirely,” and one on “Leftwing Extremism,” which labeled environmental and animal rights activist groups as extremists.
Incredibly, both reports use the words terrorist and extremist interchangeably.
That same year, the DHS launched Operation Vigilant Eagle, which calls for surveillance of military veterans returning from Iraq and Afghanistan, characterizing them as extremists and potential domestic terrorist threats because they may be “disgruntled, disillusioned or suffering from the psychological effects of war.”
These reports indicate that for the government, anyone seen as opposing the government—whether they’re Left, Right or somewhere in between—can be labeled an extremist.
Fast forward a few years, and you have the National Defense Authorization Act (NDAA), which President Obama has continually re-upped, that allows the military to take you out of your home, lock you up with no access to friends, family or the courts if you’re seen as an extremist.
Now connect the dots, from the 2009 Extremism reports to the NDAA and the UN’s Strong Cities Network with its globalized police forces, the National Security Agency’s far-reaching surveillance networks, and fusion centers that collect and share surveillance data between local, state and federal police agencies.
Add in tens of thousands of armed, surveillance drones that will soon blanket American skies, facial recognition technology that will identify and track you wherever you go and whatever you do. And then to complete the circle, toss in the real-time crime centers being deployed in cities across the country, which will be attempting to “predict” crimes and identify criminals before they happen based on widespread surveillance, complex mathematical algorithms and prognostication programs.
Hopefully you’re getting the picture, which is how easy it is for the government to identify, label and target individuals as “extremist.”
We’re living in a scary world.
Unless we can put the brakes on this dramatic expansion and globalization of the government’s powers, we’re not going to recognize this country 20 years from now.
Frankly, as I make clear in my book Battlefield America: The War on the American People, the landscape has already shifted dramatically from what it was like 10 or 20 years ago. It’s taken less than a generation for our freedoms to be eroded and the police state structure to be erected, expanded and entrenched.
Rest assured that the government will not save us from the chains of the police state. The UN’s Strong Cities Network program will not save us. The next occupant of the White House will not save us. For that matter, anarchy and violent revolution will not save us.
If there is to be any hope of freeing ourselves, it rests—as it always has—at the local level, with you and your fellow citizens taking part in grassroots activism, which takes a trickle-up approach to governmental reform by implementing change at the local level.
Attend local city council meetings, speak up at town hall meetings, organize protests and letter-writing campaigns, employ “militant nonviolent resistance” and civil disobedience, which Martin Luther King Jr. used to great effect through the use of sit-ins, boycotts and marches.
And then, while you’re at it, urge your local governments to nullify everything the federal government does that is illegitimate, egregious or blatantly unconstitutional.
If this sounds anti-government or extremist, perhaps it is, in much the same way that King himself was considered anti-government and extremist. Recognizing that “freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed,” King’s tactics—while nonviolent—were extreme by the standards of his day.
As King noted in his 1963 “Letter from Birmingham City Jail”:
[A]s I continued to think about the matter I gradually gained a bit of satisfaction from being considered an extremist. Was not Jesus an extremist in love—“Love your enemies, bless them that curse you, pray for them that despitefully use you.” Was not Abraham Lincoln an extremist—“This nation cannot survive half slave and half free.” Was not Thomas Jefferson an extremist—“We hold these truths to be self-evident, that all men are created equal.” So the question is not whether we will be extremist but what kind of extremist will we be. Will we be extremists for hate or will we be extremists for love?
So how do you not only push back against the police state’s bureaucracy, corruption and cruelty but also launch a counterrevolution aimed at reclaiming control over the government using nonviolent means?
Take a cue from King.
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Banks Turn Down Deposits As Stealth NIRP Takes Hold | Zero Hedge
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Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year
The Middle Class - Public DomainWe just got more evidence that the middle class in America is dying.  According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year.  Let that number sink in for a moment.  You can’t support a middle class family in America today on just $2,500 a month – especially after taxes are taken out.  And yet more than half of all workers in this country make less than that each month.  In order to have a thriving middle class, you have got to have an economy that produces lots of middle class jobs, and that simply is not happening in America today. (Read More...)
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20 Reasons Why All The People That Quit Prepping After September Are Dead Wrong - By Michael Snyder, on October 20th, 2015
Wrong Way - Public DomainMillions of Americans were gearing up for some huge event to happen in September, but the world didn’t end and now many of them have given up entirely on prepping.  Of course the truth is that some absolutely earth-shattering events did take place last month, but because September did not play out exactly as some were anticipating, a lot of people feel very let down.  My contacts in the emergency food industry tell me that sales have dropped off dramatically, and yesterday I was told by someone that I trust that the same is true for those that sell precious metals.  But this should not be happening.  What we witnessed in August and September was just the warm up act, and all of the numbers are absolutely screaming at us that we are right on track for a major global crisis.  In this article I am going to focus on economic and financial issues, but there are so many other things going on around the planet right now that threaten to throw our world into turmoil.  Anyone that thinks that it is safe to “relax” now is simply not paying attention.  The following are 20 reasons why all the people that quit prepping after September are dead wrong…
#1 U.S. exports are down 11 percent for the year so far.  The only other times they have fallen this dramatically since the turn of the century were during the last two recessions.
#2 Since March, the amount of stuff being shipped by truck, rail and air inside the United States has been falling every single month on a year over year basis.  This is a clear indication that economic activity is really slowing down.
#3 Wholesale sales in the U.S. have fallen to the lowest level since the last recession.
#4 The inventory to sales ratio has risen to the highest level since the last recession.  This means that there is a whole lot of unsold inventory that is just sitting around out there and not selling.
#5 Industrial production declined for five months in a row during the first half of 2015.  That is something that has never happened outside of a recession.
#6 Wal-Mart is projecting that its earnings may fall by as much as 12 percent during the next fiscal year.
#7 Don’t expect U.S. consumers to rush in and save the day.  According to brand new numbers from the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.
#8 And remember, there are 102.6 million working age Americans that do not even have a job of any kind.
#9 According to Challenger Gray, layoffs at major firms have risen to the highest level that we have witnessed since 2009.
#10 The number of job openings in the United States declined by 5.3 percent during the month of August.  That was a huge plunge for just one month.
#11 According to British banking giant HSBC, the world is already in a “dollar recession“.  Global trade has fallen 8.4 percent so far this year, and global GDP expressed in U.S. dollars is down 3.4 percent.
#12 In September, Chinese exports were down 3.7 percent compared to one year ago, and Chinese imports were down a staggering 20.4 percent compared to a year ago.
#13 During the month of August, we witnessed the 8th largest single day stock market crash in U.S. history on a point basis and the 10th largest single day stock market crash in U.S. history on a point basis.  It was the first time ever that the Dow Jones Industrial Average declined by more than 500 points on two consecutive trading days.
#14 On August 24th, we also witnessed the greatest intraday stock market point swing of all time.  From the high point of the day to the low point of the day, the Dow Jones Industrial Average plummeted 1,089 points before recovering.
#15 At one point in September, approximately 11 trillion dollars of stock market wealth had been wiped out around the globe.
#16 At one point in September, Chinese stocks were down about 40 percent from the peak of the market.
#17 At one point in September, German stocks were down about 25 percent from the peak of the market.
#18 Since the last financial crisis, the global economy has added another 50 trillion dollars to our colossal pile of debt.  That means we are far more vulnerable to a crisis than we were the last time around.
#19 The list of global financial giants that are rumored to be in very serious trouble includes Deutsche Bank (the biggest bank in Germany), UBS (the biggest bank in Switzerland) and three of the largest commodity trading firms on the entire planet: Glencore, Trafigura and the Noble Group.  The total collapse of any one of them would easily be another “Lehman Brothers moment” for the global financial system.
#20 Stocks are still in a massive bubble.  In fact, stocks in the U.S. are going to have to fall more than 30 percent from the current levels just to get back to what is considered “normal” or “average”.  The following is an extended excerpt from one of my previous articles
*****
In recent years, stocks have soared to unbelievably unrealistic levels.  One of the most popular methods of measuring the true value of stocks is something called the cyclically-adjusted price to earnings ratio.  It was developed by economist Robert Shiller of Yale University, and it attempts to accurately show how much we are paying for stocks in relation to how much those corporations are actually earning.  When this number is very high, stocks are overvalued, and when this number is very low stocks are undervalued.
Earlier this year, CAPE hit a peak of about 27, and by the beginning of August it was still sitting up around 26.  The only times CAPE has been higher have been just before other stock market bubbles have burst…
CAPE - from Wikipedia
It would take a total drop of about 40 percent from the peak of the market just to get back to average.  So far the Dow has fallen about 10 percent or so, so it is going to take another 30 percent crash just to get to a point where stock prices are considered “normal” once again.
*****
In this day and age, we are so impatient and our attention spans are pitifully small.  We live in a world of instant coffee, video on demand, and 48 hour news cycles.  Very few of us are willing to take a long term view of things because we have all become accustomed to “living in the now” and focusing on what is in front of us this very instant.
Yes, the headlines are not screaming about a “stock market crash” or an “economic depression” on this particular day in October.
But that doesn’t mean that we are out of the woods by any stretch of the imagination.
The biggest bank in the western world (HSBC) says that a global recession has now begun, and the pain that we have experienced so far is just the tip of the iceberg.
So please don’t think that it is time to relax.
The month of September was not “the end” of anything.
Rather, it was just the beginning…
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Oslo just declared that it will become the first major city to ban cars
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WHEN AMERICA'S LIGHTS GO OUT FOREVER: Exclusive: Joseph Farah warns of nation's vulnerability Israel does not share;SPIRITUAL BLINDNESS RESULTS IN PHYSICAL DARKNESS-JESUS STILL IS THE LIGHT OF THE WORLD!
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Russian aircraft in Syria attack 60 terrorist facilities over past day — Defense Ministry
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San Fran middle school cancels student elections because too many white people elected
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Police Spokesman Says Cops Should Confiscate LEGAL Firearms
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UCLA Says Porn Panel Had “Academic Value” A report shows that UCLA paid porn stars thousands of dollars in taxpayer money to give students an "inside look" at their industry.
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Sanders: More Taxes For Everybody Democratic Presidential hopeful Sen. Bernie Sanders says he would raise taxes on all Americans in order to pay for the social programs he wants to launch if he becomes President.
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Texas Governor Gregg Abbott Stops Planned Parenthood Funding Texas has stopped Planned Parenthood from receiving state Medicaid funding.
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Richard Branson: UN to Call On Governments Worldwide to Decriminalise All Drugs

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