Financial Crisis 2016: High Yield Debt Tells Us That Just About EVERYTHING Is About To Collapse

Money Tornado - Public DomainDid you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone?  With interest rates at record lows all over the world in recent years, investors that were starving for a decent return poured hundreds of billions of dollars into high yield debt (also known as junk bonds).  This created a giant bubble, but at first everything seemed to be going fine.  Defaults were very low and most investors were seeing a nice return.  But then the price of oil started crashing and the global economy began to slow down significantly.  Energy company debt makes up somewhere between 15 and 20 percent of the junk bond market, and the credit rating downgrades for that sector are coming fast and furious.  But it isn’t just the energy industry that is seeing a massive wave of defaults, debt restructurings and bankruptcy filings.  Just like with subprime mortgages in 2008, investors are starting to wake up and realize that the paper that they are holding is not worth a whole lot.  So now investors are rushing for the exits and we are starting to see panic on a level that we have not witnessed since the last financial crisis. (Read More...)

World War III Starts In The Middle East? Saudi Arabia And Turkey Consider A Ground Invasion Of Syria

Skull War - Public DomainAre Saudi Arabia and Turkey about to send ground troops into Syria?  If so, how will Russia, Iran and the Syrian government respond?  In 2016, Syria has become ground zero for a conflict that has been raging for centuries.  For more than a thousand years, the Sunnis and the Shiites have been wrestling with one another for control of the Middle East.  Saudi Arabia, Turkey and other Sunni nations had hoped to turn Syria into a Sunni nation, and for years they have been funding and arming ISIS and other Sunni insurgent groups in an attempt to overthrow the Assad regime.  Initially the Assad regime was losing quite a bit of ground, but the tide turned once the Syrians invited the Russians and the Iranians to help them.  Of course the Iranians have their own long-term goals.  Once Assad leaves power, the Iranians hope to turn Syria into a truly Shiite nation that is run and dominated by Hezbollah.  At this moment, the Sunnis and losing and the Shiites are winning.  Relentless Russian airstrikes have enabled Syrian, Iranian and Hezbollah ground forces to advance, and now they have surrounded Aleppo.  Before the war Aleppo was the largest city in Syria, and if it falls, the war will be very close to over. (Read More...)

ISIS Plot To Shoot Up A Detroit Megachurch Revealed As ‘Christianophobia’ Spreads Across America

Aggression - Public DomainIf you are a Christian, you better brace yourself for great persecution. It has gotten very little attention from the mainstream media, but federal authorities have uncovered an ISIS plot to “shoot up” a Detroit megachurch. 21-year-old Khalil Abu-Rayyan of Dearborn Heights, Michigan told authorities that he actually intended to take a gun into a very large church in Detroit that can seat up to 6,000 people and start killing Christians. He has been charged with supporting the Islamic States and with “illegally having a firearm while using a controlled substance”. Abu-Rayyan actually admitted that since he can’t be part of the jihad in the Middle East, that he would “do my jihad over here”.  As I have warned so many times before, ISIS terrorists are already here, and what we have seen so far is just the beginning. (Read More...)

The American Dream Is Dead, And Now Even The Mainstream Media Is Starting To Admit It

Cemetary Graveyard - Public DomainAre you living “the American Dream”?  If so, you should consider yourself to be very fortunate, because most Americans are not.  In fact, as you will see below, a new survey has found that there is nowhere on the entire planet where the average wage earner is making enough money to live “the American Dream”.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now the middle class makes up a minority of the population, 51 percent of all American workers make less than $30,000 a year, and poverty is growing rapidly.  The American Dream is essentially dead, and even the mainstream media is starting to figure this out. (Read More...)

Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America

Closed - Public DomainMajor retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.  It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016.  As economic activity slows down and Internet retailers capture more of the market, brick and mortar retailers are cutting their losses.  This is especially true in areas that are on the lower portion of the income scale.  In impoverished urban centers all over the nation, it is not uncommon to find entire malls that have now been completely abandoned.  It has been estimated that there is about a billion square feet of retail space sitting empty in this country, and this crisis is only going to get worse as the retail apocalypse accelerates. (Read More...)

A New Madrid Earthquake Is Coming And America Will Be Shaken Like Never Before

New Madrid Fault Earthquake ZoneMost Americans expect the next great earthquake in the United States to come on the west coast.  But what if it strikes right down the middle of the country instead?  The New Madrid fault zone is six times larger than the San Andreas fault zone in California and it covers portions of Illinois, Indiana, Ohio, Missouri, Arkansas, Kentucky, Tennessee and Mississippi.  Back in 1811 and 1812, a series of absolutely devastating earthquakes along the New Madrid fault zone opened very deep fissures in the ground, caused the Mississippi River to run backwards in some places, and were reportedly felt as far away as Washington D.C. and Boston.  They were the strongest earthquakes ever recorded east of the Rocky Mountains, and scientists tell us that it is only a matter of time before we experience similar quakes.  In fact, the U.S. Geological Survey has admitted that the New Madrid fault zone has the “potential for larger and more powerful quakes than previously thought“, and the number of significant earthquakes in the middle part of the country has more than quintupled in recent years.  Someday, perhaps without any warning, an absolutely massive earthquake will strike the New Madrid fault.  Thousands of Americans will die, tens of thousands of structures will be completely destroyed, and millions of people will find themselves homeless. (Read More...)

Parts Of California Are Actually Falling Into The Ocean

Pacifica Erosion - Photo from YouTubeWhy would anyone want to live in the state of California at this point?  Not only do you have to deal with unbearable traffic, insane politicians and unchecked illegal immigration, but now the weather itself seems to be going crazy.  A very strong El Nino has been sending destructive storm after destructive storm barreling into the west coast, and this is causing tremendous flooding, dangerous landslides and unprecedented erosion in coastal communities all over the state.  As I mentioned the other day, a state of emergency has just been declared in the coastal city of Pacifica due to the incredible amount of erosion that is happening there.  Now, incredible footage has been released that actually shows the coastline crumbling.  Small parts of California really are falling into the ocean, and meteorologists are warning that the worst may be yet to come. (Read More...)

Flooding Damage From Jonas Will Cost Billions And Is Being Described As ‘Worse Than Hurricane Sandy’

Flooding - Photo by the National GuardThe economic damage done by winter storm Jonas looks like it is going to be much higher than many had originally anticipated. As you will see below, Moody’s Analytics is projecting that up to 3 billion dollars of damage has been done, and USA Today is reporting that the flooding along the New Jersey and Delaware coasts was “worse than Hurricane Sandy in 2012”. So all of those that are mocking Jonas as “just a snowstorm” don’t really understand what they are talking about. Large numbers of homes, businesses and vehicles were destroyed – especially right along the coast. This was a major disaster, and it is going to take months of work for many of the affected areas to fully recover. (Read More...)