Category Archives: Economy

Trump’s Farm Bailout Flows To “City Slickers,” a D.C. Lobbyist and ‘Farms’ on Golf Courses

About 9,000 “city slickers” living in luxurious neighborhoods of the nation’s largest cities received a farm bailout from the Trump administration to minimize the impact of the trade war with China, an updated Environmental Working Group (EWG) analysis of Department of Agriculture data shows.

The EWG analysis of USDA data revealed that “many recipients live not in farm country but in the nation’s 50 largest cities or in other decidedly non-rural locations.”

Urban recipients of the bailout include members of farm families, landowners, and investors. These people provide land, capital, or equipment for farms and make high-level decisions for operations.

EWG said bailout recipients include 70 people in San Francisco, 65 residents in New York City, 63 residents in Los Angeles, 61 residents in Washington, D.C., and 19 Miami.

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Forward Observer Dispatch: Economic Warning

What follows is the Economic Warning portion of this week’s (Forward Observer) Watch Report.

In this month’s FOMC meeting, Federal Reserve chairman Jerome Powell acknowledged that there was soft economic data emerging — a potential warning sign of recession. Many investors expect a cut to interest rates next month to stave off a recession. Some economists expect two rate cuts this year, regardless of when they happen. One asset manager said he expected four rate cuts this year.

Recession And Trump’s Re-election Chances:

This month, Jeffrey Gundlach, Morgan Stanley, and JPMorgan Chase all revised their expectations of recession forward to 2020. JPMorgan’s Bruce Kasman said it might even start this year. That’s a big shift from what these firms were saying last month, so I agree that we can expect the Fed to cut interest rates in order to stave off a recession. Gundlach, who has no faith in the Fed’s predictive capability, believes that by the time the Fed has to cut rates, it will already be too late.

This, of course, will have major implications for President Trump’s reelection chances. High profile managers like Scott Minerd and Kyle Bass both believe that the recession will be average or mild, respectively. Others, like Gundlach, have warned that this recession is going to present more difficult challenges.

If this recession poses the risks that Gundlach describes (below) then Trump’s chances of reelection will be seriously threatened. If that’s the case, then it’s time to batten down the hatches for higher taxes and wealth redistribution based on what we saw during this week’s Democratic debates and what’s been proposed in the lead up.

The problem with cutting interest rates this year to stave off a recession next year is that the Fed will have less to cut once a recession does hit, which increases the likelihood that the recession is more painful than “mild.”

This week, Fed chair Jerome Powell acknowledged that’s the case, saying, “Interest rates are lower than in the past and likely to remain so. The persistence of lower rates means that when the economy turns down, interest rates will more likely follow close to zero [which] poses new problems to central banks and calls for new ideas.” (Bold for emphasis.)

In the past two recessions, the Fed has cut interest rates from 5.25 percent to basically zero percent during the 2008 recession, and cut from 6.5 percent prior to the 2001 recession. Today, the federal funds rate sits around 2.25 percent — that’s before any cuts this year. That does not bode well for the Fed’s ability to soften the severity of the next recession. The Fed has 50 percent less to cut, which means that a hard landing during the recession is more likely.

Earlier this year, Bridgewater’s Greg Jensen warned of a period of poor economic conditions in the U.S. “We think that the secular conditions and cyclical conditions are combining to create this situation where you’re going to have this long, protracted weakness in the developed world economies… So basically what we expect to see is weaker growth and a movement to [Quantitative Easing]… The struggle in Europe is probably going to click first.”

That mirrors what billionaire investor Stanley Druckenmiller believes. He said earlier this year that, “The highest probability is we struggle [economically] going forward.”

So who’s right? Are we going to have a mild recession or will this be the beginning of a ‘secular’ — i.e., long term — period of persistently weak growth and economic malaise?

Right now, my money is on what Gundlach had to say earlier this month: “When the next recession comes, there’s going to be a really big problem… with the national debt… [We’re going to see] basically money printing, I think, to combat the next recession.”

Gundlach describes that money printing will lead to increases in long term interest rates, which will actually make the recession worse. And maybe that’s why Fed chair Jerome Powell is openly calling for “new ideas” to reverse the effects of the next recession.

In light of changes to this month’s Recession Matrix (out later today for Warning subscribers), there’s a solid argument to be made that the next recession is closer than previously thought, and that it may rival the duration of the 2008 recession at 18 months, followed by persistently low economic growth in the years following. We could be headed towards the Great Recession 2.0.

Consider that we may have about 12 months before this kicks off, followed by the 2020 election four months later — in other words, at the worst possible time. If you haven’t considered kicking your preparedness into a higher gear, then now is the time. – S.C.

If you’re not already a member, you can sign up for a free 7-day trial to the Forward Observer Warning Service and stay ahead of political, social, and economic threats with reports like this one.

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“It’s coming guys, the pace is quickening, time to dial it up”

BLOFTW

Buy lots of food this week…

Legal and financial expert Wayne Jett says,

“The key to your financial stability between this side of the chasm and the other side of the chasm is owning precious metals, owning gold and silver. These are most likely the types of things that will hold their real value. Therefore, on the other side of the chaos of this chasm, when you declare the present currency system has ended. . . I think the President is trying to make this pending period of uncertainty as short as possible, between the time when the old currency dies and the new currency is in place.”

When is this going to happen? Is it before or after the 2020 Election? Jett predicts, “I think it is before the 2020 Election. I don’t think we can make it that long, especially with the global cabal trying to start a world war or trying to have a currency failure right now.” Join Greg Hunter as he goes One-on-One with Wayne Jett, founder of ClassicalCapital.com.

“The Fed is an outpost of a foreign power that controls our economy, most of our politics and our financial future. It’s an instrument of the Rothschild global cabal. It always has been since 1913 and we need to rid ourselves of it as soon as possible”

In other news…

NYT: U.S. Escalates Attacks on Russia’s Power Grid
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South America blackout leaves tens of millions without power
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Gold Likely To Soon Be Lifted By Rising De-Dollarization Surge

Next Stage Of The Engineered Global Economic Reset Has Arrived

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(Brandon Smith) When discussing the fact that globalists often deliberately engineer economic crisis events, certain questions inevitably arise. The primary question being “Why would the elites ruin a system that is already working in their favor…?” The answer is in some ways complicated because there are multiple factors that motivate the globalists to do the things they do. However, before we get into explanations we have to understand that this kind of question is rooted in false assumptions, not logic.

The first assumption people make is that that current system is the ideal globalist system – it’s not even close.

When studying globalist literature and white papers, from Aldous Huxley’s Brave New World, to H.G. Wells’ book The New World Order and his little known film Things To Come, to Manly P. Hall’s collection of writings titled ‘The All Seeing Eye’, to Carol Quigley’s Tragedy And Hope, to the Club Of Rome documents, to Zbigniew Brzezinski’s Between Two Ages, to former UN Director Robert Muller’s Good Morning World documents, to Henry Kissinger’s Assembly Of A New World Order, to the IMF and UN’s Agenda 2030, to nearly every document on globalization that is published by the Council on Foreign Relations, we see a rather blatant end goal described.

To summarize: For at least the past century the globalists have been pursuing a true one world system that is not covert, but overt. They want conscious public acceptance of a completely centralized global economic system, a single global currency, a one world government, and a one world religion (though that particular issue will require an entirely separate article).

To attain such a lofty and ultimately destructive goal, they would have to create continuous cycles of false prosperity followed by catastrophe. Meaning, great wars and engineered economic collapse are their primary tools to condition the masses to abandon their natural social and biological inclinations towards individualism and tribalism and embrace the collectivist philosophy. They created the current system as a means to an end. It is not their Utopian ideal; in fact, the current system was designed to fail. And, in that failure, the intended globalist “order” is meant to be introduced. The Hegelian Dialectic describes this strategy as Problem, Reaction, Solution.

This is the reality that many people just don’t seem to grasp. Even if they are educated on the existence of the globalist agenda, they think the globalists are trying to protect the system that exists, or protect the so-called “deep state”. But this is a propaganda meme that does not describe the bigger picture. The big picture is at the same time much worse, and also more hopeful.

The truth is that the old world order of the past century is a sacrificial measure, like the booster stage of a rocket to space that falls away and burns up in the atmosphere once it is expended. If you do not accept the reality that the globalists destroy in order to create opportunities for gain, then you will never be able to get a handle on why current events are taking the shape they are.

Of course, in public discourse the elites have learned to temper their language and how they describe their agenda. Public knowledge, or at least general awareness of the “new world order” is growing, and so they are forced to introduce the idea of a vast societal and economic shift in a way that sounds less nefarious and is relatively marketable. They also have a tendency to hint at events or warn about disasters that are about to happen; disasters they are about to cause. Perhaps this is simply a way to insulate themselves from blame once the suffering starts.

The International Monetary Fund began spreading a meme a few years ago as a way to describe a global economic crash without actually saying the word “crash”. Managing Director Christine Lagarde and others started using the phrase “global economic reset” in reference to greater centralization of economic and monetary management, all in the wake of a kind of crisis that was left mostly ambiguous. What she was describing was simply another name for the new world order, but it was one of the first times we had seen a globalist official actually hint that the change or “reset” would be built on the ashes of the old world system, rather than simply built as an extension of it.

Lagarde’s message was essentially this: “Collective” cooperation will not just be encouraged in the new order, it will be required — meaning, the collective cooperation of all nations toward the same geopolitical and economic framework. If this is not accomplished, great fiscal pain will be felt and “spillover” will result. Translation: Due to the forced interdependency of globalism, crisis in one country could cause a domino effect of crisis in other countries; therefore, all countries and their economic behavior must be managed by a central authority to prevent blundering governments or “rogue central banks” from upsetting the balance.

The IMF and the CFR also refer to this as the “new multilateralism”, or the “multipolar world order”.

I believe the next stage of the economic reset has now begun in 2018 and 2019. In this phase of the globalist created theater, we see the world being torn apart by the “non-cooperation” that Lagarde and the CFR warned us about in 2015. The trade war is swiftly becoming a world economic war drawing in multiple nations on either side. This scenario only benefits the globalists, as it provides perfect cover as they initiate a crash of the historically massive ‘Everything Bubble’ which they have spent the last ten years inflating just for this moment.

As I predicted in my article ‘World War III Will Be An Economic War’, published in April of 2018, the tariff conflict between the US and China has become an excellent catalyst for the global reset. In my article ‘America Loses When The Trade War Becomes A Currency War’, published in June of 2018, I stated:

One question that needs to be addressed is how long the current trade war will last? Some people claim that economic hostilities will be short-lived, that foreign trading partners will quickly capitulate to the Trump administration’s demands and that any retaliation against tariffs will be meager and inconsequential. If this is the case and the trade war moves quickly, then I would agree — very little damage will be done to the U.S. economy beyond what has already been done by the Federal Reserve.

However, what if it doesn’t end quickly? What if the trade war drags on for the rest of Trump’s first term? What if it bleeds over into a second term or into the regime of a new president in 2020? This is exactly what I expect to happen, and the reason why I predict this will be the case rests on the opportunities such a drawn out trade war will provide for the globalists.”

The economic world has a very short attention span, but a year ago in the alternative media the trade war was being treated by Trump cheerleaders in particular as a novelty – a non-issue that would be resolved in a matter of a months with Trump victorious. Today, those same people are now vocal trade war fans, waving their pom-poms and screaming for more as they buy completely into the farce. Mentioning the fact that the trade war is only serving as a distraction so that the globalists can complete their economic reset agenda does not seem to phase them.

They usually make one of two arguments: Trump is an anti-globalist that is tearing down the “deep state” system and the trade war is part of his “4D chess game”. Or, the globalists don’t have enough control over the current system to achieve the kind of “conspiracy” I describe here.

First, going by his associations alone, it is clear that Donald Trump is controlled opposition playing the role of “anti-globalist” while at the same time stacking his cabinet with the very same elites he is supposedly at war with. As I have outlined in numerous articles, Trump was bought off in the 1990’s when he was saved from possible permanent bankruptcy by Rothschild banking agent Wilber Ross. Trump made Ross his Commerce Secretary as soon as he entered the White House, and Ross is one of the key figures in the developing trade war.

At this point I have to say that anyone arguing that Trump is “playing 4D chess” with the banking elites while he is surrounded by them on a daily basis must be clinically insane. Every economic and trade policy Trump has initiated in the past two years has served as a smokescreen for the globalists controlled demolition of the economy. As the reset continues in the midst of the trade war, it will be Trump and by extension all conservatives that get the blame. Trump is a pied piper of doom for conservative movements, which is why I have always said any attempts to impeach Trump (before the crash is completed) will fail. The globalists like him exactly where he is.

Second, there is a globalist controlled central bank in almost every nation in the world, including supposedly anti-globalist countries in the East like Russia and China. All of these central banks are coordinated through the Bank For International Settlements in Basel, Switzerland. The globalists covertly dictate the economic policy of nearly the entire planet. They can easily create an economic collapse anytime they wish. This is a fact.

However, what they do not control is how elements of the public will react to their reset agenda. And this is where we find hope. They do not have their “new world order” yet, which is why they have to resort to elaborate theatrics and psychological operations. They know that an awake and aware segment of the population could annihilate them tomorrow with the right motivation, and so, they continue to distract us with a swarm of other concerns and calamities.

The purpose is to convince the masses to focus on all the wrong enemies while ignoring organized and psychopathic elites as the root of threat to humanity. We are supposed to hate the Russians, or hate the Chinese, or hate people on the left, or hate people on the right, and so it goes on. But these conflicts are just symptoms of a deeper disease. The great danger is that the focus on globalists as the virus will fade from public consciousness and conservative circles in particular as the trade war becomes a world war and economic collapse results in financial pain.

The reset is upon us. The narrative of the collapse is being written before our eyes. The end game rests not on the globalists, though, but proponents of liberty and sovereignty. Either we keep our crosshairs on the true enemy, or we get sucked into the maelstrom and forget who we are and why we are here. If the latter occurs, then the globalist reset will be assured.

Source: by Brandon Smith | Alt-Market

American Pay-to-Play Fascism Is Financial Tyranny

If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.

Don’t ask me what I want it for
If you don’t want to pay some more
‘Cause I’m the taxman, yeah, I’m the taxman…
And you’re working for no one but me.
— George Harrison, “Taxman”

We’re not living the American Dream. We’re in the grip of a financial nightmare.

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“We the people” have become the new, permanent underclass in America.

(John Whitehead) We get taxed on how much we earn, taxed on what we eat, taxed on what we buy, taxed on where we go, taxed on what we drive, and taxed on how much is left of our assets when we die, and yet we have no real say in how the government runs, or how our taxpayer funds are used.

Case in point: Lawmakers across the country have been acting as fronts for corporations, sponsoring more than 10,000 model laws written by corporations, industry groups and think tanks such as the American Legislative Exchange Council.

Make no mistake: This is fascism disguised as legislative expediency.

As a recent investigative report by USA TODAY, The Arizona Republic and the Center for Public Integrity points out, these copycat bills have been used to “override the will of local votersand advance the agendas of the corporate state. “Disguised as the work of lawmakers, these so-called ‘model’ bills get copied in one state Capitol after another, quietly advancing the agenda of the people who write them.”

In this way, laws that promise to protect the public “actually bolster the corporate bottom line.”

For example, “The Asbestos Transparency Act didn’t help people exposed to asbestos. It was written by corporations who wanted to make it harder for victims to recoup money. The ‘HOPE Act,’ introduced in nine states, was written by a conservative advocacy group to make it more difficult for people to get food stamps.”

Talk about Orwellian.

So we have no real say in how the government runs, or how our taxpayer funds are used, but that doesn’t prevent the government from fleecing us at every turn.

This is true whether you’re talking about taxpayers being forced to fund high-priced weaponry that will be used against us, endless wars that do little for our safety or our freedoms, or bloated government agencies such as the National Security Agency with its secret budgets, covert agendas and clandestine activities. Even monetary awards in lawsuits against government officials who are found guilty of wrongdoing are paid by the taxpayer.

We’re being forced to pay for endless wars that do more to fund the military industrial complex than protect us, for misguided pork barrel projects that do little to enhance our lives, and for the trappings of a police state that serves only to imprison us within its walls.

All the while the government continues to do whatever it likes — levy taxes, rack up debt, spend outrageously and irresponsibly — with little thought for the plight of its citizens.

We’re being played as easy marks by hustlers bearing the imprimatur of the government.

Truly, if there is an absolute maxim by which the federal government seems to operate, it is that the taxpayers — who fuel the nation’s economy and fund the government’s programs — always get ripped off.

Examples abound of wasteful government spending.

$28 million for a camouflage pattern for the Afghan National Army’s uniforms that had to be discarded because it clashes with the desert; $80 million to corral wild horses that would fare better unpenned; $5 million for a study to conclude that fraternity and sorority members drink more than their peers; and more than $1 billion worth of small arms, mortars, Humvees, and other equipment that has gone “missing” in Iraq.

If Americans managed their personal finances the way the government mismanages the nation’s finances, we’d all be in debtors’ prison by now.

Still, the government remains unrepentant, unfazed and undeterred in its money grabs.

Because the government’s voracious appetite for money, power and control has grown out of control, its agents have devised other means of funding its excesses and adding to its largesse through taxes disguised as fines, taxes disguised as fees, and taxes disguised as tolls, tickets and penalties.

With every new tax, fine, fee and law adopted by our so-called representatives, the yoke around the neck of the average American seems to tighten just a little bit more.

Everywhere you go, everything you do, and every which way you look, we’re getting swindled, cheated, conned, robbed, raided, pickpocketed, mugged, deceived, defrauded, double-crossed and fleeced by governmental and corporate shareholders of the American police state out to make a profit at taxpayer expense.

The overt and costly signs of the despotism exercised by the increasingly authoritarian regime that passes itself off as the United States government are all around us: warrantless surveillance of Americans’ private phone and email conversations by the NSA; SWAT team raids of Americans’ homes; shootings of unarmed citizens by police; harsh punishments meted out to schoolchildren in the name of zero tolerance; armed drones taking to the skies domestically; endless wars; out-of-control spending; militarized police; roadside strip searches; roving TSA sweeps; privatized prisons with a profit incentive for jailing Americans; fusion centers that collect and disseminate data on Americans’ private transactions; and militarized agencies such as the IRS, Dept. of Education, the Smithsonian and others with stockpiles of ammunition, to name some of the most appalling.

Meanwhile, the three branches of government (Executive, Legislative and Judicial) and the agencies under their command—Defense, Commerce, Education, Homeland Security, Justice, Treasury, etc.—have switched their allegiance to the Corporate State with its unassailable pursuit of profit at all costs and by any means possible.

We are now ruled by a government consumed with squeezing every last penny out of the population and seemingly unconcerned if essential freedoms are trampled in the process.

While we’re struggling to get by, and making tough decisions about how to spend what little money actually makes it into our pockets after the federal, state and local governments take their share (this doesn’t include the stealth taxes imposed through tolls, fines and other fiscal penalties), the police state is spending our hard-earned tax dollars to further entrench its powers and entrap its citizens.

If you want to know the real motives behind the government’s agenda, follow the money trail.

When you dig down far enough, you quickly find that those who profit from Americans being surveilled, fined, scanned, searched, probed, tasered, arrested and imprisoned are none other than the police who arrest them, the courts which try them, the prisons which incarcerate them, and the corporations, which manufacture the weapons, equipment and prisons used by the American police state.

It gets worse.

Americans have also been made to pay through the nose for the government’s endless wars, subsidization of foreign nations, military empire, welfare state, roads to nowhere, bloated workforce, secret agencies, fusion centers, private prisons, biometric databases, invasive technologies, arsenal of weapons, and every other budgetary line item that is contributing to the fast-growing wealth of the corporate elite at the expense of those who are barely making ends meet—that is, we the taxpayers.

Those football stadiums that charge exorbitant sums for nosebleed seats? Our taxpayer dollars subsidize them.

Those blockbuster war films? Yep, we were the silent investors on those, too.

This isn’t freedom.

You’re not free if the government can seize your home and your car (which you’ve bought and paid for) over nonpayment of taxes.

You’re not free if government agents can freeze and seize your bank accounts and other valuables if they merely “suspect” wrongdoing.

And you’re certainly not free if the IRS gets the first cut of your salary to pay for government programs over which you have no say.

If you have no choice, no voice, and no real options when it comes to the government’s claims on your property and your money, you’re not free.

As former Congressman Ron Paul observed, “The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.”

Unfortunately, somewhere over the course of the past 240-plus years, democracy has given way to kleptocracy (a government ruled by thieves), and representative government has been rejected in favor of a kakistocracy (a government run by the most unprincipled citizens that panders to the worst vices in our nature: greed, violence, hatred, prejudice and war) ruled by career politicians, corporations and thieves—individuals and entities with little regard for the rights of American citizens.

The American kleptocracy continues to suck the American people down a rabbit hole into a parallel universe in which the Constitution is meaningless, the government is all-powerful, and the citizenry is powerless to defend itself against government agents who steal, spy, lie, plunder, kill, abuse and generally inflict mayhem and sow madness on everyone and everything in their sphere.

This dissolution of that sacred covenant between the citizenry and the government — establishing “we the people” as the masters and the government as the servant — didn’t happen overnight.

It didn’t happen because of one particular incident or one particular president.

It has been a process, one that began long ago and continues in the present day, aided and abetted by politicians who have mastered the polarizing art of how to “divide and conquer.”

By playing on our prejudices about those who differ from us, capitalizing on our fears for our safety, and deepening our distrust of those fellow citizens whose opinions run counter to our own, the powers-that-be have effectively divided us into polarized, warring camps incapable of finding consensus on the one true menace that is an immediate threat to all of our freedoms: the U.S. government.

We are now the subjects of a militarized, corporate empire in which the vast majority of the citizenry work their hands to the bone for the benefit of a privileged few.

Adding injury to the ongoing insult of having our tax dollars misused and our so-called representatives bought and paid for by the moneyed elite, the government then turns around and uses the money we earn with our blood, sweat and tears to target, imprison and entrap us.

All of those nefarious government deeds that you read about in the paper every day: those are your tax dollars at work.

So what are you going to do about it?

There was a time in our history when our forebears said “enough is enough” and stopped paying their taxes to what they considered an illegitimate government. They stood their ground and refused to support a system that was slowly choking out any attempts at self-governance, and which refused to be held accountable for its crimes against the people. Their resistance sowed the seeds for the revolution that would follow.

Unfortunately, in the 200-plus years since we established our own government, we’ve let bankers, turncoats and number-crunching bureaucrats muddy the waters and pilfer the accounts to such an extent that we’re back where we started.

Once again, we’ve got a despotic regime with an imperial ruler doing as they please.

Once again, we’ve got a judicial system insisting we have no rights under a government which demands that the people march in lockstep with its dictates.

And once again, we’ve got to decide whether we’ll keep marching or break stride and make a turn toward freedom.

But what if we didn’t just pull out our pocketbooks and pony up to the federal government’s outrageous demands for more money?

What if we didn’t just dutifully line up to drop our hard-earned dollars into the collection bucket, no questions asked about how it will be spent?

What if, instead of quietly sending in our tax checks, hoping vainly for some meager return, we did a little calculating of our own and started deducting from our taxes those programs that we refuse to support?

As I make clear in my book Battlefield America: The War on the American People, if we don’t have the right to decide what happens to our hard-earned cash, then we don’t have any rights at all.

After all, the government isn’t taking our money to make our lives better.

Source: by John Whitehead | The Rutherford Insititute

Cyberattacks, Solar Storms, & EMP Weapons: US Power Grid Extremely Vulnerable, Extended Blackout Is Inevitable

A lot of Americans are mocking Venezuela right now, but the truth is that what has happened to them could also happen to us very easily. 

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(Michael Snyder) As you will see below, DARPA is so concerned about the possibility of a cyberattack taking down our power grid that they held an extended exercise recreating such a scenario late last year.  And even though scientists tell us that it is inevitable that a “solar tsunami” will absolutely devastate our power grid at some point, our leaders on the federal level refuse to spend the money that it would take to protect our basic electrical infrastructure.  In addition, Russia, China, North Korea and others have developed extremely advanced EMP weapons, and we have absolutely no protection against them.  One way or another, an extended blackout will eventually happen in the United States, and so we should try to learn some lessons from what is going on in Venezuela right now.

And without a doubt, life is hell in Venezuela at this moment.  The following comes from NPR

Signs of the crisis are everywhere you look in the Venezuelan capital. “Drive around Caracas, and you see long lines of cars waiting for hours at the few gas stations still operational,” NPR’s Philip Reeves reported from the city.

“Motorists park on highways, cell phones aloft, searching for a signal. The rich have taken refuge in luxury hotels. The poor stand in lines in the street,” Reeves added.

The power outage has affected water pumps in some Caracas neighborhoods, meaning that people are waiting to fill water bottles at public locations such as springs.

As food supplies run out, people are becoming increasingly desperate, and desperate people do desperate things.

Hundreds of stores are being looted, and the overwhelmed police are instructing store owners to fend for themselves

Looters smashed shop windows and made off with merchandise in more than 300 businesses across the state along the border with Colombia, the Zulia chapter of business organization Fedecamaras said in a statement.

“About 100 people came into the store and took all the food, the point of sale terminals,” said Maria Centeno, 29, the owner of a store selling food and furniture that was looted on Sunday. “They were people from the community. The police came by and they told me to sort it out myself.”

Of even greater concern is the fact that many people are dying from a lack of medical care.

Without power, there is little that the doctors are able to do, and one mother was forced to actually carry the body of her dead daughter through the streets to a morgue after the local hospital was unable to help her

A severely malnourished 19-year-old girl died in her mother’s arms after doctors in Venezuela were forced to turn her away because a massive blackout shut down a hospital.

Heartbroken mother Elizabeth Díaz was forced to carry her daughter’s body, which weighed just 22 pounds, through the streets to a morgue.

A lot of Americans are mocking what is going on in Venezuela, but the truth is that the exact same thing could happen here too.

Many believe that the extended blackout in Venezuela was caused by a cyberattack, and unfortunately the truth is that the U.S. power grid is also quite vulnerable if someone decided to attack us in the same manner.

Last November, DARPA held a seven day exercise that simulated what would happen if a massive cyberattack suddenly took down our grid…

The Defense Advanced Research Projects Agency exercise, which took place from Nov. 1 to Nov. 7, was fictional, but it was designed to mimic all the hurdles and uncertainty of a real-world cyberattack that took out power across the nation for weeks on end–a scenario known as a “black start.”

To add realism, the exercise took place on Plum Island, a federal research facility off the north fork of Long Island, where DARPA researchers were able to segregate a portion of the island on its own electric grid.

Over the course of the seven-day exercise, more than 100 people gathered on the island, filling every necessary role to mimic an actual black start.

Of course that is not the only way our power grid could go down for an extended period.

Our sun is capable of producing a “solar tsunami” that could absolutely cripple our electrical grid at any time.  Earlier this week, I came across an article about a gigantic solar tsunami that hit out planet approximately 2,700 years ago

Roughly 2,700 years ago, an unusually powerful solar storm swept past the Earth, scientists announced in a new study. Though it had little to no impact on people in that long ago, pre-industrial and pre-technological world, such an event today would cause widespread power outages along with potentially disastrous communication and navigation failures.

The solar storm in 660 B.C. was about 10 times stronger than any known event in the past 70 years, study lead author Raimund Muscheler said.

But we don’t have to go back that far to find the kind of solar storm that I am talking about.

In 1859, an absolutely enormous solar storm known as “the Carrington Event” hit the United States…

The solar storm of 1859 (also known as the Carrington Event)[1] was a powerful geomagnetic storm during solar cycle 10 (1855–1867). A solar coronal mass ejection (CME) hit Earth’s magnetosphere and induced one of the largest geomagnetic storms on record, September 1–2, 1859. The associated “white light flare” in the solar photosphere was observed and recorded by British astronomers Richard C. Carrington (1826–1875) and Richard Hodgson (1804–1872). The now-standard unique IAU identifier for this flare is SOL1859-09-01.

A solar storm of this magnitude occurring today would cause widespread electrical disruptions, blackouts and damage due to extended outages of the electrical grid.[2][3] The solar storm of 2012 was of similar magnitude, but it passed Earth’s orbit without striking the planet, missing by nine days.[4]

If such a storm hit us right now, electronic devices would be fried from coast to coast and the power grid would be down for the foreseeable future.  Life would dramatically change for all of us, and chaos would be unleashed all across this nation.

This is just one of the reasons why I so strongly encourage people to get prepared, because our government is most definitely not preparing for this kind of threat.

Lastly, I want to also mention that Russia, China and North Korea have been developing highly sophisticated “Super-EMP weapons” that we have no defense for.  The following is from the Washington Free Beacon

Several nations, including China and Russia, are building powerful nuclear bombs designed to produce super-electromagnetic pulse (EMP) waves capable of devastating all electronics—from computers to electric grids—for hundreds of miles, according to a newly-released congressional study.

A report by the now-defunct Commission to Assess the Threat to the United States from EMP Attack, for the first time reveals details on how nuclear EMP weapons are integrated into the military doctrines of China, Russia, North Korea, and Iran.

For much more on the threat that we are facing, please see my previous article entitled “Amerigeddon: Are You Ready For The Chaos That Will Ensue When The Power Grid Is Brought Down?”

Sadly, most Americans do not understand how vulnerable we are, and when the power suddenly goes out someday they will have no idea what is happening.

So keep a close eye on Venezuela right now, because the exact same things that are happening there will eventually happen here too.

It is just a matter of time.

Source: ZeroHedge