The Economic Collapse Blog – Freedom First Network https://freedomfirstnetwork.com There's a thin line between ringing alarm bells and fearmongering. Mon, 11 Nov 2024 07:49:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://freedomfirstnetwork.com/wp-content/uploads/2024/10/cropped-Square-32x32.jpg The Economic Collapse Blog – Freedom First Network https://freedomfirstnetwork.com 32 32 178281470 David Wilkerson Warned That the Economy of Germany Will Collapse — Is That Starting to Happen? https://freedomfirstnetwork.com/david-wilkerson-warned-that-the-economy-of-germany-will-collapse-is-that-starting-to-happen/ https://freedomfirstnetwork.com/david-wilkerson-warned-that-the-economy-of-germany-will-collapse-is-that-starting-to-happen/#respond Mon, 11 Nov 2024 07:49:50 +0000 https://freedomfirstnetwork.com/david-wilkerson-warned-that-the-economy-of-germany-will-collapse-is-that-starting-to-happen/ (End of the American Dream)—An obsession with green energy has the German economy on the brink of collapse.  Germany has foolishly been chasing a dream of achieving net greenhouse gas neutrality by 2045, and this has taken a very heavy toll on the German economy.  German GDP contracted in 2023, and it appears that it will contract again in 2024.

The manufacturing sector is dealing with the greatest crisis that it has faced since the 1940s, the big banks are struggling, and the coalition that was running the government has collapsed.  Did David Wilkerson see what was going to happen all the way back in the 1970s?

Something that Steve Quayle posted the other day got me thinking, and so I decided to look into it.  In Wilkerson’s book entitled “The Vision”, he stated that he was shown “economic confusion striking Europe first” during a period of great economic turmoil for the whole world.  In a subsequent sermon, he was even more specific.  In fact, in that sermon he specifically stated that the collapse that he saw would “start in Germany”

To give some background, first, in his book, “The Vision,” at the beginning of chapter 1, Wilkerson states, “I see total economic confusion striking Europe first, and then affecting Japan, the United States, Canada, and all other nations shortly thereafter.”

So, the economic collapse begins in Europe. There is a slightly different version of this which is circulating on various sites on the internet, usually titled “David Wilkerson’s Economic Vision.” This is the one you quoted, where he narrates how the collapse starts in Europe, spreads to South America, then Mexico, then the U.S. Notice he again mentions Europe first, and then later, “the first country (that) goes bankrupt,” but doesn’t identify the country. Well, I did some more digging and found this audio sermon by Wilkerson:

AT EXACTLY 2:03 (see audio below) HE STATES: “It’s going to start in GERMANY!!!” After that he says it will “spread to Japan, and finally to the U.S.”

You can actually listen to David Wilkerson say these things with your own ears in this YouTube video

Could it be possible that what Wilkerson warned us about so many years ago is starting to happen right in front of our eyes?

For the past few years, Germany’s economic performance has been absolutely horrible

The world’s third-largest economy has lagged the European Union average since 2021 and is expected to shrink for the second year running in 2024, making it the worst performer among the Group of Seven major economies.

According to an article that was posted on ABC News, there are several reasons why the German economy has been struggling so deeply…

German industry still has not fully recovered from the shocks of the COVID-19 pandemic. Then came Russia’s full-scale invasion of Ukraine in 2022, which led Germany and other Western countries to cut themselves off from Russian gas and oil. Competition from China, including its electric vehicles, has meanwhile forced German and other and European carmakers to lower production and lay off workers.

Of course that article did not even mention the radical green agenda that Germany has implemented, but many are convinced that it is the primary factor for the economic decline that we have been witnessing.

At one time, Volkswagen was an unstoppable economic powerhouse, but now it is talking about closing factories and laying off workers

Nothing better encapsulates the negativity gripping Germany than what’s happening at Volkswagen, the biggest employer in Europe’s largest economy. The spillover effect of the crisis at Volkswagen, which is looking to shut down as many as three factories in Germany — the first ever shuttering of units in its 87-year history — is showing up in the fractures in Germany’s politics now widening to a chasm.

BASF is another German industrial giant that is facing major problems that would have been unthinkable just a few short years ago…

BASF, for instance, a flagship of Germany’s industrial sector since 1865, symbolizes the nation’s manufacturing strength. With nearly 400 production sites across 80 countries, its heart remains in Ludwigshafen, Germany, where it operates a vast complex with 200 plants and employs around 39,000 people. However, this hub has recently become a focal point for BASF’s challenges.

Over the past two years, the company has shut down one of its two ammonia units and idled several others at this location due to their lack of competitiveness, resulting in the loss of 2,500 jobs, explains Chemical and Engineering News. BASF also experienced a significant decline in 2023, with sales dropping by 21.1% and adjusted earnings plunging by 60.1%. Adding to these woes, BASF recently announced plans to cut costs by an additional $1.1 billion in Ludwigshafen, foreshadowing further job cuts.

In my entire lifetime, we have never seen anything like this happen to Germany.

The politicians are desperate to turn things around, and a conflict about how to do that has resulted in the collapse of Germany’s ruling coalition

Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister.

Christian Lindner’s dismissal prompted him to withdraw his Free Democrats Party (FDP) from a coalition with Scholz’s Social Democratic Party (SPD), leaving Scholz in a minority government with the Green Party.

Scholz said he would now call a confidence vote for January 15, which, if he lost, could allow elections to be held by the end of March next year – six months earlier than the elections planned for September 2025.

We shall see whether there is an election in March or not.

But meanwhile, there is fear that the collapse of the government will “deal another blow to consumption and investment in coming months”

The coalition collapse is likely to deal another blow to consumption and investment in coming months, already poised to decline, with a third of German companies indicating in a recent survey plans to scale it back.

“In combination with the Trump win, economic confidence is likely to drop significantly and makes a contraction of the economy in the fourth quarter more likely,” said Carsten Brzeski, global head of macroeconomics at ING.

I do believe that governmental instability will accelerate the economic problems that the Germans have been experiencing.

And as more German businesses fail, I would watch the big banks very carefully.  They have been on shaky ground for years, and it won’t take much to start pushing them over the edge.

Germany possesses the largest and most important economy in the entire European Union, and so once the German economy implodes the rest of the EU will feel an immense amount of pain too.

Wilkerson warned that the crisis would spread from Europe to Japan and then to the United States.  And as I have warned for many years, it won’t be too long before the entire world is gripped by unprecedented economic turmoil.

So let’s keep a close eye on Germany.

I think that something is up.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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They Think Trump Is Illegitimate, They Want to Leave the Country, and Women Are Considering the “Aqua Tofana” Solution https://freedomfirstnetwork.com/they-think-trump-is-illegitimate-they-want-to-leave-the-country-and-women-are-considering-the-aqua-tofana-solution/ https://freedomfirstnetwork.com/they-think-trump-is-illegitimate-they-want-to-leave-the-country-and-women-are-considering-the-aqua-tofana-solution/#respond Mon, 11 Nov 2024 01:32:40 +0000 https://freedomfirstnetwork.com/they-think-trump-is-illegitimate-they-want-to-leave-the-country-and-women-are-considering-the-aqua-tofana-solution/ (The Economic Collapse Blog)—I really wish that everyone would just calm down.  Emotions always run high immediately after an election, but what we are witnessing this time around is truly frightening.  We live at a time when people feel free to express their deepest, darkest emotions on social media, and right now “freak out video” after “freak out video” is going viral.

A lot of people out there literally feel like the world is ending just because Donald Trump won the election.  My hope is that this temper tantrum will start to subside in the days ahead, but I am not sure that it will.

According to a YouGov/Economist survey that was unveiled on Friday, 47 percent of those that voted for Kamala Harris believe that Trump will not be a legitimate president

Nearly half of all Kamala Harris supporters do not believe that President-elect Donald Trump legitimately won the election.

A YouGov/Economist survey released Friday found that 47 percent of Harris supporters do not accept that Trump is the legitimate president.

The pollsters report, “75% of registered voters — including 53% of Harris voters and 97% of Trump voters — say they accept that Trump is the legitimate president.”

That is chilling.

How is someone supposed to run the country if there are tens of millions of people that do not consider your presidency to be legitimate?

This is going to be a major problem.

Another survey has found that 54 percent of Harris voters would like to move out of the country, but only 10 percent “definitely” or “probably” will…

Of Harris voters, 5% say they will definitely relocate and 5% say they probably will. Another 44% would like to move but probably (27%) or definitely (17%) won’t. Of those who would like to move but are unlikely to, personal finances, family, and community ties are what will keep them in place.

Of those pondering or planning a move, 90% are considering moving to another country and 80% to another state. The top countries respondents are considering moving to are Canada (41%), the United Kingdom (19%), and Mexico (16%). Top states respondents are considering moving to are California (14%), New York (8%), and Colorado (8%).

Even if just 10 percent of Harris voters end up moving out of the United States, that would still be an absolutely enormous exodus.

According to that same survey, abortion is the number one issue that is motivating people to consider relocating…

The top issues driving respondents’ reasons for wanting to relocate include concerns over a potential federal ban on abortion (61%), increased racial inequality (55%), and the possibility that progressive rights may be overturned (54%).

Additionally, respondents are worried about a reduction in healthcare access (54%) and increased social inequality (53%). A lack of gun regulation (50%), environmental deregulation (43%), and the weakening of public education (44%) are also major concerns.

Did these people that are so concerned about abortion not see the election results?

As I shared with my core supporters on Friday, this election was actually a gigantic victory for those that are pro-abortion…

Abortion was on the ballot in 10 states. In 8 of those states, a majority of voters backed the pro-abortion position, in 1 state (South Dakota) a majority of voters rejected the pro-abortion position, and in 1 state (Nebraska) it is still too close to call.

In the red states of Missouri, Montana, Arizona and Nevada, voters overwhelmingly established a “right” to abortion.

Of course this just continues a nationwide trend that we have seen since Roe v. Wade was overturned. When abortion is on the ballot, pro-life forces have lost almost every single time.

Of course most liberals aren’t focused on those results. Instead, they are just freaking out because Trump is headed back to the White House.

Over the past several days, lots of videos of women cutting off their hair because Kamala Harris lost have started to appear on TikTok

There are several other videos floating across social media — namely, TikTok — featuring liberal women mourning Vice President Kamala Harris’s loss by shaving their heads in defiance.

In another video, a woman sits while another starts chopping off her hair. According to the caption throughout the video, the woman believes shaving one’s head is the only thing “we have left to control ourselves.”

“We will continue to fight and stand with every woman and minority,” the screen reads. It remains unclear how lopping off locks of hair helps the women and minorities the group claims to care about.

I don’t understand this. How is cutting off your hair going to solve anything?

Others have been expressing their defiance by fantasizing about death and violence.  For example, a physician’s assistant in Philadelphia is hoping that the daughter of every woman that voted for Trump “has an ectopic pregnancy”

A physician’s assistant in obstetrics and gynecology has been terminated from a Philadelphia hospital after expressing a desire for deadly retribution against the daughters and grandchildren of voters who supported Donald Trump in the 2024 Presidential Election.

Nicole M. Hart issued a post on social media stating, “To every woman that voted for Trump, I hope your daughter has an ectopic pregnancy,” referring to a rare medical condition in which a fertilized egg grows on the exterior of a woman’s uterus.

The condition can cause both the mother and child to die. Ectopic pregnancies are not considered viable pregnancies. Jefferson Health Hospital in Philadelphia confirmed Friday that Hart has been terminated from her position.

Even more alarming is the fact that so many women have been searching the Internet for a poison called Aqua Tofana…

Internet searches for Aqua Tofana—a potent poison created in Sicily around 1630 by a woman named Giulia Tofana, or Tofania, and historically used by women to free themselves from relationships by killing men—spiked shortly after the election results.

On social media, some lunatics have been suggesting that Aqua Tofana should be used on those that supported Trump

This new movement is called MATGA – make aqua tofana great again, it’s teaching women how to POIS☠N Trump supporters with plants and flowers!

I have never seen so much anger in the aftermath of an election.

At first major leftist organizations were in shock, but now they are starting to organize protests

Democrats have activated their network of social justice warriors for the second time in days following a Trump victory early Wednseday morning. The latest mobilization effort of far-left activists by mysterious and dark money-funded nonprofit groups is occurring on the streets of New York City on Saturday afternoon.

X user Open Source Intel uploaded footage of what appears to be thousands of anti-Trump protesters in Midtown Manhattan.

Thousands march in Midtown Manhattan as New York City law enforcement monitors. Protesters rally against fascism, deportation, anti-trans hate, and systemic oppression, expressing concerns over Donald Trump’s election as the 47th President,” the X user said, adding, “Chants of “Racist, sexist, anti-gay” and signs highlight their solidarity for marginalized communities.”

As I warned the other day, this is just the beginning.

We are entering an extremely chaotic period in our history, and politically-motivated rage is going to fuel much of that chaos.

Sadly, hatred and bitterness are about to eat us alive, and the divisions that have been tearing this country apart are about to get a whole lot deeper.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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Social Unrest Has Already Started to Erupt, and This Is Just the Beginning https://freedomfirstnetwork.com/social-unrest-has-already-started-to-erupt-and-this-is-just-the-beginning/ https://freedomfirstnetwork.com/social-unrest-has-already-started-to-erupt-and-this-is-just-the-beginning/#comments Fri, 08 Nov 2024 00:33:35 +0000 https://freedomfirstnetwork.com/social-unrest-has-already-started-to-erupt-and-this-is-just-the-beginning/ (The Economic Collapse Blog)—If you think that the left is just going to sit back and accept Donald Trump’s victory, you must not have been paying attention for the past eight years.  Trump is the most hated politician in modern American history, and prominent voices in the media continue to fuel that hate by making extremely inflammatory statements.

For the moment, many on the left are still in a state of complete shock because they were entirely convinced that they were going to win this election.  But once the shock wears off, we will see an explosion of anger, frustration and fury that is unlike anything we have ever seen before.

Unfortunately, we are already seeing signs of what is to come.  For example, a man in Michigan has been arrested by authorities for planning an attack “against conservative Christians” because they supported Trump so strongly this election…

A 25-year-old Michigan man is facing federal charges after he allegedly threatened violence against conservative Christians over former President Donald Trump winning the presidential election.

Isaac Sissel of Ann Arbor was arrested Tuesday morning and charged in a federal criminal complaint with making a threatening communication, according to a statement from the U.S. Attorney’s Office, Eastern District of Michigan.

Prosecutors said the FBI National Threat Operations Center in West Virginia received an anonymous online threat on Nov. 2, which included details about a planned attack.

Apparently this particular individual was planning to use a stolen AR-15 semiautomatic rifle to hit a high profile target.

During the months ahead, churches all over America are going to need to pay extra attention to security, because there are a lot of extremely unbalanced people out there.

Meanwhile, large protests against Trump have already begun.

For example, last night there was a very loud protest outside of Trump’s hotel in Chicago…

Not even 24 hours after President-elect Donald Trump won more votes in Illinois this general election than in the previous two, and after winning the US election in a massive red wave sweep, far-left protesters gathered outside the Trump Hotel in Obama’s Chicago.

The protests appear to have been highly organized and well-planned before the election, given the coordination among activists, the hundreds—if not thousands—of protesters—many holding signs—and the likely pre-approved protest routes from City Hall.

Organizers shouted into megaphones, “Trump is a fascist” and “racist,” echoing hate speech spewed by the defunct Harris-Walz campaign in the months leading up to November 5.

And there were also sizable protests in New York and Philadelphia…

NYU students have gathered near Cadman Plaza Park in New York to protest President-elect Donald Trump’s victory, chanting slogans like “NYU, your hands are red, over a hundred thousand dead!” and “Hey hey, ho ho, Donald Trump has got to go.” Although the crowd is currently small, similar protests are unfolding in Chicago and Philadelphia.

The synchronized timing of these demonstrations has raised speculation that organized funding may be behind the protests.

This is just the tip of the iceberg.

Just like in 2016, I expect that things will really start to get crazy once we get to Trump’s inauguration.

Some on the left are anticipating open conflict once Trump gets in.  The Washington Post has published a feature story about a former officer in the Capitol Police named Michael Fanone that seems to have gone nuts.  He has run off to a compound in the woods, and he is fearing the worst from a Trump presidency…

Michael Fanone leaped off the couch and lumbered toward his fridge, retrieving his fifth (or sixth?) beer. He glanced at the TV, took a sip of Sapporo and offered his first thought on a second Donald Trump presidency.

“Better ******* arm yourselves.”

Apparently Fanone is planning to die in his compound if there is any type of showdown with federal authorities…

His tone was somehow both furious and serene. He saw this coming, and on Tuesday night some in America were starting to arrive at the place he’d already been living for the past 46 months. “I didn’t vote for that ************,” he said, “and I fought tooth and nail to prevent this day from ******* coming.”

He’d learned about more than 300 “deep state” enemies that Trump’s self-described “secretary of retribution” had compiled in a target list, as Raw Story first reported; Fanone says he saw his name on it. If Trump wants him imprisoned, he’d rather be killed in a shootout. “I’ll die right here on my ******* house,” he said. “I’m not going to be in some ‘Apprentice’ ******* military tribunal.” Fanone insists that he’s not some “prepper weirdo,” that he’s just someone who understands how law enforcement can be weaponized against people — “and I fully expect that to happen.”

Needless to say, Fanone is far from alone.

There are millions of others just like him.

Sadly, prominent voices just continue to ramp up the level of fear.  If you doubt this, just consider something that Alexandria Ocasio-Cortez just said

“We are about to enter a political period of fascism and authoritarianism. It is not uncommon to jail political dissidents or legislative opponents.”

That is a completely and utterly insane statement. But there are lots and lots of people out there that eat this stuff up.

On MSNBC, Rachel Maddow warned that Americans have chosen a “strongman, authoritarian system”

Rachel Maddow is being mocked for her anti-Donald Trump monologue in which she warned the US was headed for an autocratic government after his resounding election victory.

The MSNBC star claimed that the voter turnout for the Republican president-elect was evidence Americans had ‘let democracy go’ and opted for, a ‘strongman, authoritarian system’.

This sort of inflammatory rhetoric is extremely dangerous.

But after eight years of saying such things, she certainly isn’t going to back down now.

Maddow is also urging her followers to become “******** pirates” once Trump takes office…

She likened the outcome to those seen in countries such as North Korea, Russia and China as she urged Democrats not to become, ‘despondent’.

‘Now we can work on being ******** pirates. We can work on being a thorn in the side to anyone who tries to turn this country into some tin-pot tyranny.

I understand that a lot of people may not want to hear this right now, but this story is not going to end well.

Nearly half of this country hates Trump and absolutely detests the idea of being governed by him.

All of the protest movements that we have seen in recent years will be dwarfed by what we will witness once Trump enters the White House.

So enjoy the relative tranquility that we are experiencing at this moment, because it won’t last for long.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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The Meltdowns and the Tantrums Have Begun https://freedomfirstnetwork.com/the-meltdowns-and-the-tantrums-have-begun/ https://freedomfirstnetwork.com/the-meltdowns-and-the-tantrums-have-begun/#respond Fri, 08 Nov 2024 00:07:48 +0000 https://freedomfirstnetwork.com/the-meltdowns-and-the-tantrums-have-begun/ (The Economic Collapse Blog)—Donald Trump just completed the greatest political comeback in U.S. history by winning the presidential election of 2024 in a landslide, and this truly is a nightmare scenario for the political establishment on the left.  For the past eight years, they have been trying to do whatever they can to get rid of their arch-enemy.  They impeached him twice, they dragged him to court time after time, they actually got him convicted on 34 felony counts, and they have been using the full force of the corporate media to demonize him relentlessly 24 hours a day for years.  But all of their efforts have failed, and now the worst thing that they can imagine has actually happened.  Donald Trump is going back to the White House, and the meltdowns and the tantrums have begun.

Today, I watched a lot of the meltdown videos that have gone viral on social media, and the language in many of those videos is so inappropriate that I just can’t share them with you.  But I can share a compilation of meltdowns that happened on the big news networks once it became obvious that Trump was going to win the election that Fox News has put together

These people are horrified.

For decades, the corporate media told us what to think, and to a large degree it worked.

But it isn’t working anymore.

Many media personalities on the left don’t seem to understand that the political environment in this nation has fundamentally shifted, because they continue to preach their leftist nonsense at us as if we were five-year-old children.

For example, the following is what one of the co-hosts of The View, Sunny Hostin, had to say on the morning following Trump’s victory

I’m profoundly disturbed. I think if you look at The New York Times this morning, the headline was “America Makes a Perilous Choice.” I think that in 2016, we didn’t know what we would get from a Trump administration. But we know now, and we know now that he will have almost unfettered power. And so I worry not about myself, actually, I don’t worry about my station in life. I worry about the working class. I worry about my mother, a retired teacher. I worry about our elderly and their Social Security and their Medicare. I worry about my children’s future, especially my daughter, who now has less rights than I have. And I remember my father telling me many, many years ago that I was the first person in his family to enjoy full civil rights. And now I have less civil rights than I had when he told me that.

So, again, I’m profoundly disturbed that the 14th Amendment of the Constitution did not prevent someone who participated in an insurrection from becoming president of the United States. I think that going forward, the “convicted felon” box on employment applications better be taken off because if you can be the president of the United States then you should not be prevented from employment in this country. Because I remember applying for my jobs as a federal prosecutor, and there was a box for convicted felons. And so that box better be taken off. And I think our health care system is now at risk.

They aren’t going to stop now.

After eight years of doing it, they are way too invested in demonizing Trump to suddenly pull the plug.

Many celebrities were also freaking out in the immediate aftermath of Trump’s victory.

Ominously, Jamie Lee Curtis is urging those on the left to “fight against tyranny”

Jamie Lee Curtis encouraged Harris supporters to continue to “fight against tyranny, one day at a time” and said Trump’s victory means a “sure return to a more restrictive, some fear draconian time.”

Does she mean “fight” in a political sense, or is she talking about something else?

Bette Midler decided that the best way to respond to the election was to post “a photo threatening to drink a bottle of Drano”

Bette Midler on Wednesday posted a photo threatening to drink a bottle of Drano, a toxic household cleaning chemical, if Trump won and after the results were revealed shared a quote about the presidency being won by men who are “intrinsically, the most devious and mediocre” before deactivating her X account.

Sadly, there will be people that are so depressed about the election results that they really will consider killing themselves.

If you are one of those people, don’t do it.

No politician or political cause is worth dying for.

Some on the left are expressing their anger at the Democratic Party for messing up this election so badly.  In fact, Adam McKay is actually suggesting that it is time to “abandon” the Democrats…

Adam McKay, director of political satire “Don’t Look Up,” expressed frustration said it was time to “abandon” the Democratic party: “Who would have guessed lying about Biden’s cognitive health for 2 yrs, refusing to do an open convention for a new nominee, never mentioning public healthcare & embracing fracking, the Cheneys & a yr long slaughter of children in Gaza wouldn’t be a winning strategy?”

Where is he going to go?

Does he plan to start a new third party?

Good luck with all that.

Interestingly, even pharmaceutical company CEOS were apparently freaking out after Trump won…

Sources tell me top five CEOs of pharmaceutical companies are holding an emergency teleconference at 1 PM.

A lawyer has confirmed that everyone is in a state of panic!

I can definitely understand why they would be so alarmed.

Donald Trump intends to give RFK Jr. a prominent place in his administration, and RFK Jr. wants to fundamentally reform our system and make it possible to hold these pharmaceutical companies responsible for the crimes they have been committing.

I really hope that Donald Trump, RFK Jr., Elon Musk and the rest of the crew are able to make a lot of the changes that they have been discussing.

But every time they try to do something really big, the left is going to go bananas.

For the moment, the left is in shock.

But once the shock wears off, they will fight, and we will see the sort of unrest in our streets that I have been warning about for many years.

Even now, major leftist organizations are starting to discuss their plans to “resist” the Trump administration’s policies.

The election may be behind us, but the battle for the direction of this nation is far from over…

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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Every Time Something Major Happens, It Is an Excuse for Rioting, Looting and Violence https://freedomfirstnetwork.com/every-time-something-major-happens-it-is-an-excuse-for-rioting-looting-and-violence/ https://freedomfirstnetwork.com/every-time-something-major-happens-it-is-an-excuse-for-rioting-looting-and-violence/#respond Fri, 01 Nov 2024 02:43:41 +0000 https://freedomfirstnetwork.com/every-time-something-major-happens-it-is-an-excuse-for-rioting-looting-and-violence/ (The Economic Collapse Blog)—We live at a time when it is expected that chaos will follow virtually every big event.  In the aftermath of Hurricane Helene, there was looting.  In the aftermath of Hurricane Milton, there was looting.  The war in the Middle East has sparked wild protests and riots all over the country this year.  And even if something really good happens, many people just consider it to be an excuse for even more rioting, looting and violence.  For example, the Los Angeles Dodgers just won the World Series.  But instead of celebrating peacefully, young men in Los Angeles looted stores and threw fireworks at police

World Series celebrations descended into chaos in the early hours of Thursday morning in Los Angeles, with shops being looted by gangs and fireworks thrown at cops in the street.

Many of the rioters probably don’t even care much about baseball.

But once the Dodgers won, large numbers of people recognized as opportunity to run wild.

According to the LAPD, there was “looting at several stores in the area of 8th and Broadway”…

Looting broke out on the streets of Los Angeles on Wednesday night after the Los Angeles Dodgers beat the New York Yankees to win the 2024 World Series.

The Los Angeles Police Department (LAPD) said they had received reports of “looting at several stores in the area of 8th and Broadway” and people were urged to stay out of the area.

This has become way too common.

When a team wins a major championship, it is basically expected that citizens of that city will start rioting and looting.

A Nike store that had actually been boarded up in order to prevent looting was hit really hard.  We are being told that a “mob of looters” was seen “carrying merchandise and throwing it into cars”

The Los Angeles Police Department shared footage of a mob of looters running in and out of a boarded-up Nike store carrying merchandise and throwing it into cars parked outside the store about four miles from Dodger Stadium just after 11 p.m.

If this is what they will do when they are “celebrating”, what will they do when they are extremely angry? You might want to think about that.

In addition to looting stores, the rioters also set a city bus on fire

As looters ransacked businesses, other areas of downtown Los Angeles were plunged into madness.

The LAPD said a “hostile crowd” — estimated at between 200 and 300 people — lit an MTA bus on fire about a mile from Dodger Stadium around 12:35 a.m. local time.

Footage posted to Citizen captured the moment a massive crowd — the majority of whom were wearing Dodgers jerseys and apparel — surrounded and sat atop the graffiti-laced bus.

Needless to say, what we just witnessed in Los Angeles is not even worth comparing to the chaos that could potentially follow this election.

Survey after survey has shown that Americans are extremely alarmed about what is coming, and that includes a new poll that was just released by the Associated Press

American voters are approaching the presidential election with deep unease about what could follow, including the potential for political violence, attempts to overturn the election results and its broader implications for democracy, according to a new poll.

According to that poll, a large proportion of the country is very concerned about the possibility of post-election violence

About 4 in 10 registered voters say they are “extremely” or “very” concerned about violent attempts to overturn the results after the November election. A similar share is worried about legal efforts to do so. And about 1 in 3 voters say they are “extremely” or “very” concerned about attempts by local or state election officials to stop the results from being finalized.

Relatively few voters — about one-third or less — are “not very” or “not at all” concerned about any of that happening.

At this point, it appears quite likely that Donald Trump will emerge victorious on November 5th.

To many on the left, that is literally the worst possible thing that could ever happen.

I know that this may sound a bit nuts to many of you, but this is how they actually see the world.

There has never been a politician that the left has hated more than Donald Trump, and if he wins this election after everything that has happened over the last eight years, for millions of Democrats it will feel like the world is ending.

And if President Trump attempts to crack down on post-election chaos after he is sworn in, it will just reinforce everything that the left believes about him.  As Lee Smith has noted, we really are on the verge of a very troubling scenario

Prominent post-election scenarios forecast such widespread rioting that the newly elected president would be compelled to invoke the Insurrection Act. With some senior military officials refusing to follow Trump’s orders, according to the scenarios, the U.S. Armed Forces would split, leaving America on the edge of the abyss.

By vilifying Trump as a despotic madman who must be stopped before he can commence his reign of terror, the regime’s propaganda apparatus not only slanders Trump but also pre-emptively threatens the reputation, as well as the livelihood and perhaps the liberty, of current military personnel. The point is to push the military against Trump: When the time comes to act, will you stand for democracy or side with a tyrant who sees the military only as an instrument to advance his personal interests?

Close to half the country is not going to want to be governed by whoever wins this election.

Unless you are completely and utterly delusional, you should be able to see that this is a major problem.

We are headed for unprecedented societal chaos no matter how this election turns out. I wish that it wasn’t true, but we are a deeply, deeply divided nation.

For a long time I have been urging everyone to find a way to love one another even though we don’t agree on everything. But people like me are being drowned out by those that are preaching hate, division and revenge.

Now we are about to reap what we have sown, and it will not be pleasant.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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Here Are 8 Major Election Developments That Everyone Needs to Know About https://freedomfirstnetwork.com/here-are-8-major-election-developments-that-everyone-needs-to-know-about/ https://freedomfirstnetwork.com/here-are-8-major-election-developments-that-everyone-needs-to-know-about/#respond Thu, 31 Oct 2024 08:32:55 +0000 https://freedomfirstnetwork.com/here-are-8-major-election-developments-that-everyone-needs-to-know-about/ (The Economic Collapse Blog)—Can you believe that we are less than a week away from Election Day?  Over 57 million Americans have already voted, and in some states more than half of the total expected vote is already in.  So it may already be too late for a last minute surprise to alter the outcome of the election.  In 2020, Democrats absolutely dominated the early voting period, but in 2024 things are very close between Democrats and Republicans.

Is this an indication that a “red landslide” is coming, or are Republicans simply shifting votes that would have been cast on Election Day into the early voting period?  We will soon find out.  In any event, the following are 8 major election developments that everyone needs to know about…

#1 The U.S. Supreme Court has ruled that the state of Virginia can purge approximately 1,600 non-citizens from its voter rolls

The Supreme Court on Wednesday allowed Virginia to move forward with its removal of roughly 1,600 alleged noncitizens from its voter rolls just days before the 2024 election.

The high court granted a request from state officials to pause a lower court order that blocked Virginia from continuing its voter removal program that was launched in August, exactly 90 days before Election Day. A provision of the National Voter Registration Act requires states to complete programs aimed at purging ineligible voters from registration lists up to 90 days before federal elections.

#2 There were reports that officials in Bucks County, Pennsylvania had been turning away on-demand mail ballot voters early.  Now a judge in Bucks Country has extended on-demand mail ballot voting until Friday, and this is considered to be a major victory for the Trump campaign…

Bucks County Judge Jeffrey Trauger has ordered the Bucks County Board of Elections to extend its on-demand mail-in ballot deadline until “the close of business” on Friday, Nov. 1.

The Wednesday afternoon ruling stems from a lawsuit filed several hours earlier by former President Donald Trump’s campaign and other state and national GOP groups claiming Bucks County illegally turned away voters.

The filing with the Bucks County Court of Common Pleas, posted online late Wednesday morning, alleges that the county violated the state’s election laws by not allowing some voters to use the “on-demand mail-ballot” option in the final hours of the mail-in ballot application at 5 p.m. Oct. 29.

#3 In Wisconsin, turnout in the conservative counties of Waukesha, Ozaukee, and Washington is far higher than turnout in the liberal bastion of Dane County…

The conservative “WOW” counties of Waukesha, Ozaukee, and Washington have increased their turnout advantage over liberal Dane County up to 12.16%. Dane’s turnout advantage going into Election Day 2020 was 0.9%. This represents a 13% turnout swing compared to ‘20.

#4 In Arizona, Republicans are doing a much better job of turning out “low propensity voters” than Democrats are…

A look at AZ voter frequency scores shows that Democrats are trailing Republicans by a couple of points in the zero, one, and two buckets, turning out more of their 3/3 voters.

It’s not an excellent combination for available votes down the stretch, so Republicans are likely to outvote Democrats by 300,000+.

#5 Abortion is on the ballot in both Arizona and Nevada, and this was supposed to be a major advantage for Kamala Harris in those states.  But it turns out that vast numbers of pro-abortion voters are going to vote for Trump anyway

While an Washington Post-Schar School poll conducted in October found that 68 percent of voters in Arizona and 80 percent of voters in Nevada say they planned to support their state’s abortion referendum, the same poll showed Harris narrowly behind Trump in Arizona and tied in Nevada. Harris’s support among likely voters in the poll was 46 percent in Arizona to Trump’s 49 percent, and they both had 48 percent support in Nevada.

Meanwhile, Trump — who has claimed credit for Roe’s reversal — has been working to assuage the concerns of independent and Republican voters who support abortion rights. In recent weeks, the former president has promised to veto a national abortion ban, after repeatedly refusing to make such a pledge. While he has maintained that each state should choose its own abortion laws, he said in a recent town hall geared toward women voters that many of the current bans are “too tough.”

Republican and independent voters who plan to split their ticket on abortion — voting for an abortion referendum and for Trump — said they were willing to give Trump the benefit of the doubt on the issue, with some feeling reassured by his recent promises not to crack down further on abortion.

#6 As I discussed yesterday, it appears that the Harris campaign may be giving up on the swing state of North Carolina.  So far, Democrats in the state have cast over 300,000 fewer votes than they did at the same stage of the 2020 early voting period…

According to AdImpact, a political intelligence firm, on Monday the Harris-Walz campaign reserved $2.7 million worth of ads in North Carolina for the last stretch of the campaign, only to turn around and kill more than $2 million of its reservations on Tuesday. Though Harris is following through on a scheduled Raleigh rally on Wednesday morning — while Trump is holding his own event in Rocky Mount, NC — her campaign managers’ hopes of winning North Carolina’s 16 electoral votes have likely plunged as daily updates of early voting numbers continue to paint a grim picture of her prospects in the Tar Heel State.

The 2020 vs 2024 contrast in early voting patterns is striking. Compared to the same time four years ago, North Carolina Democrats have cast 341,000 fewer votes, while Republicans have cast 9,000 more, noted Andy Jackson of the Raleigh-based John Locke Foundation. Aside from the party mix, North Carolina is also seeing lower turnout among two traditional Democratic voter blocs: young people and blacksIn 2020, 92% of the state’s black voters backed Biden. Across the country, however, black support of Trump is surging.

#7 A television station in Pennsylvania is apologizing for broadcasting “randomly generated test results” that were meant to “help news organizations make sure their equipment is working properly in advance of election night”…

Test results for the upcoming November 5 general election mistakenly appeared on WNEP-TV early Sunday evening during a broadcast of the Formula 1 Mexico Grand Prix.

Those numbers should not have appeared on the screen, and it was an error by WNEP that they did.

The numbers seen on the screen were randomly generated test results sent out to help news organizations make sure their equipment is working properly in advance of election night.

#8 It turns out that the incendiary devices that were used to set ballot boxes in Oregon and Washington on fire had a pro-Palestinian message inscribed on them

Ballot boxes in Oregon and Washington were set on fire with incendiary devices early Monday in what authorities believe are connected incidents, police said.

The devices used in the arson incidents carried markings with the expression “Free Gaza,” two sources familiar with the ongoing investigation told ABC News.

Sadly, I believe that this is just the beginning of the chaos that is coming.

November 5th may be the end of the campaign, but it will also be the beginning of a very dark chapter in our history.

There is going to be such an outpouring of negative emotion in the aftermath of this election, and whoever emerges as the winner is going to be facing crisis after crisis.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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Absolutely Massive Food Bank Demand in the Swing States of Pennsylvania, Michigan and Wisconsin https://freedomfirstnetwork.com/absolutely-massive-food-bank-demand-in-the-swing-states-of-pennsylvania-michigan-and-wisconsin/ https://freedomfirstnetwork.com/absolutely-massive-food-bank-demand-in-the-swing-states-of-pennsylvania-michigan-and-wisconsin/#respond Thu, 31 Oct 2024 06:56:22 +0000 https://freedomfirstnetwork.com/absolutely-massive-food-bank-demand-in-the-swing-states-of-pennsylvania-michigan-and-wisconsin/ (The Economic Collapse Blog)—The economy is the number one political issue in America right now, and it isn’t because the economy is doing well.  The long-term economic collapse that I have been writing about for years is playing out right in front of our eyes, and it is going to have an enormous impact on the outcome of this election.  But don’t just take my word for it.  Survey after survey has shown that U.S. voters are extremely concerned about the direction that the economy is heading.  For example, the following comes from a Gallup survey that was released earlier this month

The economy ranks as the most important of 22 issues that U.S. registered voters say will influence their choice for president. It is the only issue on which a majority of voters, 52%, say the candidates’ positions on it are an “extremely important” influence on their vote. Another 38% of voters rate the economy as “very important,” which means the issue could be a significant factor to nine in 10 voters.

Voters view Donald Trump as better able than Kamala Harris to handle the economy, 54% versus 45%. Trump also has an edge on perceptions of his handling of immigration (+9 percentage points) and foreign affairs (+5), while Harris is seen as better on climate change (+26), abortion (+16) and healthcare (+10). The candidates are evenly matched on voters’ impressions of who would better address gun policy.

Countless other surveys have told us the same thing.

The American people remember what life was like before the pandemic, and they desperately want to have that back.

In particular, U.S. voters have become deeply frustrated with the cost of living

“It’s inflation, stupid!” wrote Bernard Yaros, U.S. lead economist at Oxford Economics, in an October 24 report, borrowing from political strategist James Carville’s famous coinage. “Inflation is the foremost issue voters are concerned about, and how it is perceived will determine the election.”

The Biden administration is being blamed for this inflation crisis, and that is going to cost Kamala Harris millions upon millions of votes.

At this moment, demand at food banks is off the charts in many of the key swing states that Harris desperately needs to win.

In Pennsylvania, we are being told that demand “is actually as high as it was at the peak of the pandemic”…

Joe Arthur, who runs the Central Pennsylvania Food Bank, told NBC News the current problem is “a hunger crisis.”

“The need that we’re seeing in our localities is actually as high as it was at the peak of the pandemic, yet there are less resources for those families today.”

At one food bank in Michigan, demand is actually “significantly higher” than it was during the pandemic…

One truck can carry enough food for up to 600 households, but some days even that isn’t enough to meet the demand, which has gone up by 18% over the past 12 months, said Ken Estelle, president of Feeding America West Michigan.

“We have never seen this level of need in the 43 years we have been serving this community. It is significantly higher than during Covid and has pressed us beyond our capacity,” said Estelle. “We’ve just seen this drumbeat increase every month of more people and more people.”

And at one food bank in Wisconsin, demand has more than doubled since 2022…

In the relatively affluent Milwaukee suburbs of Waukesha County, Wisconsin, Rochelle Gamauf said each week she is seeing new faces at her food pantry, Friends With Food, which she started during the pandemic.

The organization has gone from giving out around 420,000 pounds of food in 2022 to over a million pounds in 2023. On a recent week in September, nearly 400 families came through the door, 48 of whom were coming for the first time — a 50% increase in new families compared to last year, she said.

This is the biggest reason why Donald Trump is leading in the polls in all three states.

A lot of the people that are going to these food banks actually have jobs. But they aren’t earning enough to keep up with the rapidly rising cost of living.

If you go to the grocery store and you completely fill up your cart with food, it is going to cost you hundreds of dollars. 25 years ago, I could fill up an entire grocery cart for less than 50 bucks.

Inflation is a hidden tax on all of us, and it is suffocating millions upon millions of households all over the country.

Of course the Biden administration insists that everything is just fine.

For months, the government has been releasing numbers that look great initially, but later they are revised dramatically lower.

Let me give you an example.  Last month we were told that job openings were rising, but now we have learned that they are actually plunging

Last month, when Kamala Harris still had some chance of winning the election, we were not surprised to learn that according to the extremely political Bureau of Labor Statistics, in August the number of job openings unexpectedly soared from an upward revised 7.7 million to 8.040 million, which was not only a 3-sigma beat to expectations, but was also above the highest Wall Street forecast. Fast forward to today, when Kamala’s chance of winning are effectively zero – as even the suddenly apolitical Jeff Bezos now admits – and shockingly moments ago the BLS reported that in September, the number of job openings  plunged from over 8 million to just 7.4 million, the lowest since early 2021…

This kind of thing has been happening over and over again.

The American people are sick and tired of being fed fake numbers when they can see that economic conditions are clearly deteriorating all around them.

Our standard of living has been steadily declining for years, and most Americans are just barely scraping by at this point.

I am entirely convinced that most of the experts will be completely shocked by the outcome of this election, and our imploding economy will be the number one reason why so many unexpected voters come out of the woodwork.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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What Do the Pennsylvania Mail Ballot Numbers Tell Us? https://freedomfirstnetwork.com/what-do-the-pennsylvania-mail-ballot-numbers-tell-us/ https://freedomfirstnetwork.com/what-do-the-pennsylvania-mail-ballot-numbers-tell-us/#respond Tue, 29 Oct 2024 08:52:54 +0000 https://freedomfirstnetwork.com/what-do-the-pennsylvania-mail-ballot-numbers-tell-us/ (The Economic Collapse Blog)—November 5th is still about a week away, but more than 47 million Americans have already voted.  Early voting has become quite prominent in states all over the country, and the numbers that we are getting so far appear to be quite promising for the Trump campaign.  There have been rumors that the Harris campaign is starting to panic, and I think that they have good reason to panic.  Unless something dramatic happens over the next week, it is going to be very difficult for Harris to find a path to 270 electoral votes.  Today, I want to take a closer look at the all-important swing state of Pennsylvania.  Without Pennsylvania, there is probably no possible way that Harris can win, and right now the numbers we are getting from the state do not look promising for her.

In 2020, Joe Biden got 3,458,229 votes in Pennsylvania and Donald Trump got 3,377,674.

So Biden won the state by a margin of less than 100,000 votes. Unlike other states, in-person early voting is not happening in Pennsylvania.  All of the early votes that are coming in are mail ballots, and Democrats tend to dominate mail voting all over the nation.

But the numbers that we are getting from Pennsylvania in 2024 look much different from the numbers that we got from Pennsylvania in 2020.

In 2020, a total of 3,087,524 mail ballots were requested, but in 2024 only 2,090,960 mail ballots have been requested and the deadline for requesting one is almost here. So there will be close to a million fewer mail ballots that could potentially be sent in this time around.

Needless to say, that is huge. In addition, the gap between Democrats and Republicans when it comes to mail voting in Pennsylvania has narrowed considerably this election cycle. In 2020, Democrats returned 1,702,484 mail ballots and Republicans returned 623,404 mail ballots. So Democrats had built up a lead of more than a million votes in the state before Election Day even arrived.

That absolutely gigantic lead proved to be too much, and Trump ultimately lost by a narrow margin. But things are very different here in 2024.

According to the latest numbers, Democrats have returned 823,421 mail ballots and Republicans have returned 443,935 mail ballots.

Instead of the million ballot lead that they had last time, Democrats have only built up a gap of less than 400,000 ballots so far.

Everyone is projecting that Trump will run far stronger than Harris on the day of the election in Pennsylvania, and if Harris ultimately loses Pennsylvania it is hard to see how she could pull together enough electoral votes to win the election.

But there is still about a week to go until November 5th, and so much could still happen. Hopefully voting will go very smoothly all over the country, but already we are getting some very troubling reports.

For example, on Monday fires were reported at ballot boxes in Oregon and Washington

Federal authorities are investigating fires at two ballot boxes reported Monday morning in the Portland, Oregon, area.

Police responded to a call about a fire in Portland about 3:30 a.m. Monday, the Portland Police Bureau said in a statement. An “incendiary device” was placed inside the box and security personnel extinguished the fire, officials said.

Federal officials are investigating the incident in Portland and a second fire in nearby Vancouver, Washington, with the help of state and local law enforcement agencies, said Steve Bernd, a spokesperson for the FBI’s Seattle office.

This should make all of us very angry.

When someone tries to disrupt the voting process, they are committing a crime against all of us.

At this point, police are telling us that the two incidents are connected and they have identified a “suspect vehicle”

Police say two fires set at ballot boxes in separate states are connected with just eight days until Election Day in what appears to be a serious case of attempted election interference.

In Portland, Oregon, police have identified a ‘suspect vehicle’ after a ballot box in the southeast part of the city was lit on fire early Monday morning and hundreds of votes were destroyed.

Hopefully they will catch whoever did this.

In Colorado, “nearly 30,000 previously cast votes” are getting a second look after a number of fraudulent ballots were caught by authorities…

Mesa County, Colorado, is reexamining nearly 30,000 previously cast votes after the discovery of a dozen fraudulent ballots, with some voters reporting that ballots were intercepted and submitted without their consent.

Colorado Secretary of State Jena Griswold announced Thursday during a press conference that over a dozen mailed ballots were intercepted and cast fraudulently before the actual voters even had a chance to receive them.

This alarming situation has sparked a full-blown criminal investigation, and three of those fraudulent votes were counted before the tampering was caught.

Colorado could be one of the big surprises on November 5th.

It had been considered to be a lock for the Democrats, but so far Democrats have only built up a lead of about 3 percent in votes cast during the early voting period.

Once we get to the night of the election, most of the nation will be breathlessly awaiting the results. And when it is all over, one side is going to be experiencing very deep emotional pain.

For a long time I have been warning that we will see extreme chaos in the aftermath of this election, and a newly released poll has discovered that most Americans believe that civil unrest is likely…

Most Americans expect violence following Election Day but remain confident their vote will be counted accurately and are willing to accept the results of the presidential race, a new Scripps News/Ipsos poll found.

The survey of 1,000 Americans finds bipartisan concerns over unrest after Nov. 5. Overall, 62% of respondents – including 70% of Democrats and 59% of Republicans – say violence related to the election is “somewhat“ or “very likely.”

And among respondents in the key battleground state of Wisconsin, which was also measured as part of the survey, concerns over violence are higher, at 72%.

My hope is that once a winner is declared, the mainstream media, key celebrities and our top political leaders will all urge Americans to be calm.

But I wouldn’t count on that happening.

Instead, I think that it is far more likely that about half the country will throw a historic temper tantrum, and that won’t be good for any of us.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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It’s War! Iranian Leaders Vow Revenge With “No Limits” After Israel Bombs Tehran https://freedomfirstnetwork.com/its-war-iranian-leaders-vow-revenge-with-no-limits-after-israel-bombs-tehran/ https://freedomfirstnetwork.com/its-war-iranian-leaders-vow-revenge-with-no-limits-after-israel-bombs-tehran/#respond Sun, 27 Oct 2024 21:51:40 +0000 https://freedomfirstnetwork.com/its-war-iranian-leaders-vow-revenge-with-no-limits-after-israel-bombs-tehran/ (The Economic Collapse Blog)—Things are about to get very interesting in the Middle East.  The Israeli strike on Iran that we have been anticipating has finally happened, and now Iran is warning that there will be “no limits” in how it responds to that attack.

In other words, we are on the brink of the sort of all-out war between Israel and Iran that I specifically warned about in a chapter entitled “The 3 Wars Of The Apocalypse” that was featured in a book that I published last year.  I know that virtually everyone in the U.S. is really focused on the upcoming election at the moment, but what is going on in the Middle East right now is really big news.

We just witnessed the largest Israeli attack on Iran ever.  It is being reported that “dozens of fighter jets” were involved in a massive operation that struck targets all over Iran and Syria…

Dozens of fighter jets hit ballistic missile factories, air defence batteries and missile launchers. Israel launched a simultaneous attack on military targets in central and southern Syria. Among the pilots and navigators involved in the Iran strikes were a number of women, praised by the Israel Defence Forces (IDF) for their bravery.

It is thought the secret research base near Tehran was developing ‘kamikaze drone’ technology, designed to loiter over a target until instructed to attack.

According to Israeli military spokesperson Daniel Hagari, the Israelis now have “broader aerial freedom of operation in Iran”, and this will make it easier for the IDF the next time it becomes necessary to strike the Iranians…

Israel’s first open attack on Iran targeted missile production facilities and air defense systems, the military said Saturday, tempering fears of a broader foray but giving Israeli aircraft the ability to operate more freely in Iranian skies as the region entered a new phase of escalation.

“Israel now has broader aerial freedom of operation in Iran,” an Israeli military spokesman, Rear Adm. Daniel Hagari, said in a statement after the attack concluded. The remarks signaled Israel’s willingness to strike Iran in the future, even as Israeli officials said the attacks were tailored to minimize casualties and allow Iran to deny major damage.

The Biden administration is trying to play down the size and scope of the Israeli operation, and Joe Biden is desperately hoping that the Iranians will choose not to respond

“It looks like they didn’t hit anything other than military targets,” President Joe Biden, speaking to reporters in Philadelphia, said of the Israeli strikes. “I hope that this is the end.”

We should all hope that this is the end of it. But it appears that the Iranians have already made their decision.

The Daily Mail is reporting that Iran has “vowed revenge” and that Iranian Foreign Minister Abbas Araghchi is using the phrase “no limits” to describe what Iran might do…

Iran vowed revenge yesterday after Israel’s missile blitz on Tehran destroyed up to 20 key military sites, including a top-secret research facility.

Foreign minister Abbas Araghchi said Iran had ‘no limits’ in defending its interests and was obliged to take retaliatory action.

Those are very strong words.

And we are being told that Araghchi has already delivered a letter to the United Nations that declares that Iran has the right to respond to the Israeli attack…

Iran’s top diplomat has condemned Israel’s unprecedented attack on multiple military sites across the Islamic Republic and has asserted Tehran’s right to respond to the latest escalation amid a year-long Middle East conflict in a letter obtained by Newsweek.

The letter was attributed to Iranian Foreign Minister Abbas Araghchi and sent Saturday to United Nations (U.N.) Secretary-General António Guterres and U.N. Security Council President Pascale Christine Baeriswyl via Iranian Permanent Representative to the U.N. Amir Saeid Iravani.

According to Araghchi, Iran “reserves its inherent right to legal and legitimate response to these criminal attacks at the appropriate time”.

To me, it sounds like the Iranians do not plan to respond immediately. But a response is definitely coming. And the Israelis have already warned that they will hit Iran again if the Iranians strike back.

So this is it. The big war between Israel and Iran is here.

Of course the big war between Israel and Hezbollah has already been raging. In recent days, fierce fighting in southern Lebanon has resulted in a substantial number of Israeli casualties

Ten Israeli soldiers were killed and at least 28 more wounded to varying degrees amid heavy battles against Hezbollah in southern Lebanon, Israel Defense Forces announced Thursday and Friday.

The soldiers were killed in three separate incidents in just over 24 hours. Since the start of the ground offensive in Lebanon, 27 soldiers have fallen amid the heavy fighting.

In the most recent incident, five reservists serving in the 8th Hazaken Brigade’s 89th Battalion were killed, and 19 others were wounded, with four in serious condition, when a Hezbollah rocket struck a supply point at a building in a southern Lebanese village.

We aren’t hearing much about this from the big news networks in the United States, are we?

If they give too much attention to what is going on in the Middle East right now, that could make Kamala Harris and the Biden administration look bad, and so they are being pretty quiet about it.

The big news networks in the United States are also being pretty quiet about the stunning Russian advances that are happening in eastern Ukraine

With Russia advancing at the fastest rate in eastern Ukraine since the first months of the invasion, Ukrainian President Volodymyr Zelenskiy has been pleading with the West to allow Kyiv to fire deep into Russia with Western missiles.

The Biden administration’s plan for the war in Ukraine has completely and utterly failed.

Billions and billions and billions of U.S. taxpayer dollars have been poured into that war, but the Russians are still winning. In fact, the Russians are gobbling up more territory with each passing day. And now the Middle East is on the verge of erupting in flames.

We were warned about these wars way in advance, but most people still aren’t paying much attention.

What will it take before most of the population finally starts waking up?

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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On the Wrong Track: This Is What an Imploding Economy Looks Like https://freedomfirstnetwork.com/on-the-wrong-track-this-is-what-an-imploding-economy-looks-like/ https://freedomfirstnetwork.com/on-the-wrong-track-this-is-what-an-imploding-economy-looks-like/#respond Thu, 24 Oct 2024 11:13:26 +0000 https://freedomfirstnetwork.com/on-the-wrong-track-this-is-what-an-imploding-economy-looks-like/ (The Economic Collapse Blog)—One of the main reasons why Americans are in such a foul mood right now is because the economy is in really bad shape and it just keeps getting worse.  This is very good news for the Trump campaign, because most Americans don’t want things to remain the same.  A desire for change is in the air, but our economy is unraveling so rapidly that it won’t be easy for anyone to turn things around.  We have built up a tremendous amount of momentum in the wrong direction, and it appears that the months ahead are not going to be pleasant.

Just look at what is happening to home sales.

Last month, sales of previously existing homes fell to the lowest level that we have seen since October 2010.

Of course in October 2010 we were dealing with the aftermath of a global financial crisis.

Overall, we are on pace “for the worst year since 1995” for sales of previously existing homes…

Sales of existing homes in the U.S. are on track for the worst year since 1995—for the second year in a row.

Persistently high home prices and elevated mortgage rates are keeping potential home buyers on the sidelines. Sales of previously owned homes in the first nine months of the year were lower than the same period last year, the National Association of Realtors said Wednesday.

Existing-home sales in September fell 1% from the prior month to a seasonally adjusted annual rate of 3.84 million, NAR said, the lowest monthly rate since October 2010.

Let those numbers sink in for a moment.

We haven’t seen anything like this for a long time, and nobody can deny that the market for residential real estate is in a depressed state right now.

And it appears that this month could be even worse than last month, because the number of mortgage applications being submitted is absolutely plummeting

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association’s (MBA) weekly application survey for the week ending October 11, 2024.

The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.

Meanwhile, our nationwide commercial real estate crisis just continues to intensify.

If you can believe it, an office building in Manhattan that sold for 332 million dollars in 2006 just sold for 8.5 million dollars

The sale of a nearly 1 million-square-foot Manhattan office building listed on the online auction site Ten-X was completed Tuesday for only $8.5 million.

That’s 97 percent less than the $332.5 million that the seller, Swiss bank UBS, paid for the Midtown property in 2006. The loss on the building at 135 West 50th Street was minimally offset by a $6 million gain UBS realized by buying and selling the ground beneath it in the interim.

UBS and its brokers at JLL listed the 920,000-square-foot building for sale on the online platform. The two-day auction kicked off July 30 with a starting bid of $7.5 million. The sale ended the next day after Ten-X lowered the reserve price. The winning bidder, whose identity has yet to hit property records, closed about 70 days later.

That is insane!

Commercial real estate prices have been crashing all over America, and this crisis is not getting the attention that it deserves from the media.

The banking industry is headed for big trouble as well.  In fact, the government shut down another bank on Friday

Friday, The First National Bank of Lindsay was closed by the Office of the Comptroller of the Currency (OCC), with the Federal Deposit Insurance Corporation (FDIC) appointed as receiver. The OCC acted after identifying false and deceptive bank records and other information suggesting fraud that revealed depletion of the bank’s capital. The OCC also found that the bank was in an unsafe or unsound condition to transact business and that the bank’s assets were less than its obligations to its creditors and others.

The OCC is referring the matter to the United States Department of Justice, which has a wide variety of tools to hold individuals accountable for criminal acts and focuses on victims in all of its matters.

Some experts are projecting that hundreds of more banks will soon fail.

If that actually happens, it will be a complete and utter nightmare.

The “restaurant apocalypse” that I have written about so much also continues to roll on.

Sadly, we just learned that Denny’s has decided to shut down 150 locations

Denny’s is closing 150 restaurants over the next year, and the 71-year-old diner chain is mulling a major change to its 24/7 operating hours.

Fifty locations are set to close by the end of 2024, while the remaining 100 will shutter in 2025, Denny’s announced in an earnings call Tuesday. That amounts to a tenth of its restaurants, leaving 1,375 locations once completed. A specific list of closing restaurants weren’t immediately announced.

Needless to say, lots of other chains are slimming down as well.

Right now, thousands upon thousands of restaurants are being permanently closed from coast to coast.

If the economy was heading in the right direction, this would not be happening.

Speaking of closures, another major retailer has announced that it will be closing all stores

Buybuy Baby is shuttering all of its stores roughly a year after new owners tried to revive the brand.

The company announced on its website that it is transitioning to an online-only model after recognizing the need for a “a strategic reset.”

“With this shift, we’ve come to the difficult decision of closing our physical stores by the end of this year,” the company wrote. “We understand this may be disappointing news, and we want all our customers to know this wasn’t a choice we took lightly.”

Most retailers that are experiencing difficulties will try to hang on until at least the end of December.

But once we get into 2025, expect a huge wave of new store closures.

As I discussed the other day, U.S. consumers are really hurting at the moment.

You can’t get blood out of a stone, and a staggering percentage of U.S. cardholders have already maxed out at least one credit card

Nearly 2 in 5 cardholders (37%) have maxed out a credit card or come close since the Fed started raising interest rates, Bankrate’s Credit Utilization Survey found. That includes 20% who have maxed out a credit card and 17% who have come close to maxing one out.

This is what an imploding economy looks like.

Bubbles are bursting all around us, and the outlook for 2025 and beyond is absolutely horrible.

Our leaders kept the game going for a long time by injecting trillions of dollars into the system and by going into unprecedented amounts of debt.

But despite all of their efforts, the economy is coming apart at the seams anyway, and so I hope that you are prepared for a very hard landing.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

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