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More signs that a great economic collapse is upon us

breaking pt
The system is breaking apart as we speak.

Retail has taken a brutal pounding over the last several years, and an epidemic of closing stores continues. Jobs have never picked up, despite the optimism. The flaws of the larger economy are compounding, and what has already been for several years a "recession" may soon crumble into an outright great "depression."

As the X22 Report discusses, the stress points are all there, and absolute destruction is looming over the United States, and the global economy in general. The music has already stopped in terms of Federal Reserve stimulus money; as interest rates soar, the debt implosion becomes little more than a matter of time.

No man knows the day, but it is clear enough that something big is happening.

Beware of the bubbles popping... and the rest of the fallout.


Comment: Via the Washington Times we also learn:
It's about as hard for a 20-something worker to find a job today as it was in 1986. The economy is growing at a slightly slower pace, but not by much. And yet young workers today are significantly more pessimistic about the possibility of success in America than their counterparts were in 1986, according to a new Fusion 2016 Issues poll reported in conjunction with the Washington Post — a shift that appears to reflect lingering damage from the Great Recession and more than a decade of wage stagnation for typical workers.

That rise in pessimism among millennials is concentrated among white people. It is most pronounced among whites who did not earn a college degree.

The Fusion poll replicated the questions from a Roper/Wall Street Journal poll of young Americans that was conducted in 1986... Both polls posed a series of questions about the American Dream: what it meant to individuals, whether it actually existed and, if it did, how hard it was to attain.

In the three decades between the surveys, pollsters found, share of young Americans overall who said the American Dream "is not really alive" grew sharply from 12 to 29 percent. Among white people, it nearly tripled from 10 percent to 29 percent. One in three white non-college graduates now say it is not alive, compared to one-fifth of white college graduates; the increase from 1986 was larger for non-graduates than for graduates.

The poll found no statistically significant change among young Americans of color over the decades. In 1986, they were about twice as likely as whites to say the American Dream does not exist. Now, the groups are about equally pessimistic.

But among the respondents who said the American Dream does mean something to them personally, whites were far more likely to say the dream has become harder to achieve compared to a generation ago. Just over 6 in 10 white college graduates said the dream had become harder to achieve, and 7 in 10 non-college graduates said the same, while 53 percent of non-white respondents said so.
And the following unemployment stats put this into further perspective:
According to John Williams of Shadow Stats, if we were to calculate unemployment using the same metrics as we did during the 1930's, or even the 1980's, we'd already be in Great Depression territory. Williams, who utilizes a reporting methodology that accounts for "long-term discouraged workers who were defined out of official existence in 1994," notes that the real unemployment rate is rapidly approaching 25%.

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Now compare the above chart to similar measurements from the 1930's and you'll see just how bad things really are:

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(via Casey Research)

It's so bad, in fact, that we have seen sustained unemployment exceeding that of the Great Depression for almost the entirety of Barack Obama's Presidency.

But how can it be possible to have a full-fledged recovery and record stock prices when nearly one-third of the adult population is not working?

If the government is to be believed, it's because our economy continues to grow at a pace of about 2%.

But once again, if we calculate the real growth rate and adjust for inflation, we see exactly why jobs are non-existent and getting worse every month.

The following chart made available by Williams shows that despite a positive "official" GDP growth rate being disseminated to the public, the reality is exactly the opposite. The U.S. economy is by all accounts shrinking and has been doing so for the better part of a decade:

shadsta3
We've already witnessed numerous shocks to the global economy over recent weeks and the prospects of any sort of stability just went out the window.

There is no recovery. There are no jobs. There is no growth.

The United States, regardless of what is being said by mainstream financial pundits or believed by their TV-watching myrmidons, is now (and has been for quite some time) in a recession.

What's worse is that most have no clue of how bad things really are or that they are witnessing America's Second Great Depression.



Question

Weird human-shaped figure in clouds above shopping centre in Zambia turns out to be a hoax

A strange human-like figure appeared above Mukuba Mall in Kitwe, Zambia. Some started worshipping it and others ran away in terror
A strange human-like figure appeared above Mukuba Mall in Kitwe, Zambia. Some started worshipping it and others ran away in terror
Zambian locals ran away in terror when they saw a strange human-like figure appear in the clouds above a shopping centre.

The alleged apparition was spotted above the Mukuba Mall in Kitwe.

Photographs show a large humanoid head and torso, tailing into the sky and it is thought to have measured more than 100 metres long.

The dense black shape looked like it was made from a different material from the clouds.

From the angle of the photograph, it looks like the apparition was looking down on the shopping centre.

Comment: UPDATE: The pictures were photoshopped to insert an image of what appears to be a fancy kite. See the first minutes of this video for the simple explanation of this hoax:




Attention

"This is US war agenda": Anti-Syrian-war protest disrupts White Helmets pop-up music tribute in New York's Grand Central station (VIDEO)

NYC Protest White Helmets
© Alex Rubinstein / RT
A pop-up music concert in New York's Grand Central station, promoting the work of the Oscar-winning Syrian "humanitarian" group White Helmets, was disrupted by anti-war protesters.

While a full orchestra and choir, some wearing white helmets, pounded out Beethoven's Ode to Joy against the backdrop of Grand Central Station in Manhattan on Friday, about a dozen anti-war activists protested the group's presence.

Comment: More on the White Helmets:
A handy list from The Duran: The Syrian cinematographer could not attend the ceremony because, despite having a visa, he was barred for entering the U.S. Whaddyaknow, the U.S. did something right! U.S. officials had reportedly discovered "derogatory information" about Khaled Khatib. The film's producer told AP that the decision was "sad and confusing". Ha! Yep, so confusing that an al-Qaeda operative was denied entry to the U.S.



Smoking

Nanny State: Five good reasons to end government smoking bans

Woman smoking
© ThinkStock
For the past several decades, governments have been cracking down on tobacco consumption, including by banning smoking in many places such as bars or restaurants. But we've learned a lot about the effects of these kinds of policies over the last few years and now it's time to reconsider them. Here's why:

1. Property Rights

Most fundamentally, the debate about smoking bans should center on private property rights. Whether you should be allowed to smoke in a bar should be determined by the owner of that bar, not by busybody bureaucrats who think they know how to live everyone's lives for them.

Comment: It's well past time to put an end to the anti-smoking hysteria. Not only is most of the research on the ill effects of tobacco basically junk science, but many health benefits can be attributed to the practice. Smoking tobacco may actually act as a protective measure against disease-causing agents.


Star of David

Israeli comedian's final monologue: 'Apartheid has been here for ages'

Assaf Harel
Assaf Harel
The Israeli comedian Assaf Harel and the host of the show "Good Night With Asaf Harel," used the monologue of his series finale on Monday to dive into a speech where he said Israel had reached a state of "apartheid" long ago.

"Ever since the right-wing took power, more and more voices are warning of apartheid. Are you kidding? Apartheid has been here for ages. Ages," Harel said.

The message to the audience started with a description of Israel's pleasant quality of life in contrast to that of Palestinians who live under occupation.

"If you look at our life in Israel it's pretty great. Yeah, it's expensive, and we're far from earning what we would have liked. Clearly, the healthcare system could be better, and yeah, the politicians could be more impressive and less embarrassing. But if you look at our life from a bird's eye view, we're doing pretty great," he said.

Dollar Gold

100+ billionaires among China's ultra-wealthy lawmakers, overall net worth above $500bn - report

Chinese People's Political Consultative Conference
© Jason Lee / ReutersThe Great Hall of the People during the opening session of the Chinese People's Political Consultative Conference (CPPCC) in Beijing, China, March 3, 2017.
As the yearly sessions of China's top legislative and advisory bodies open in Beijing, a new report says that their richest members have acquired wealth similar to the annual GDP of Poland or Sweden, highlighting the ever-closer links between business and the leadership.

The Chinese People's Political Consultative Conference (CPPCC), a consultative assembly that serves as a loose equivalent of an upper chamber of parliament began its meetings on Friday, and the National People's Congress (NPC), the legislative assembly will do the same on Sunday, for a fortnight-long event known as the "Two Sessions" in China's political calendar.

Together, the two assemblies number 5,129 delegates, with about 3,000 in the NPC - the world's most populated legislative chamber.

According to Shanghai-based Hurun Report, at least 209 of those delegates have a net worth of more than 2 billion yuan ($290.7 million). Over 100 of them are dollar billionaires, with Li Tzar Kuoi, a Hong Kong magnate, worth over $25 billion on his own.

The ultra-wealthy group, which doesn't include other numerous millionaires, and those whose wealth is not subject to public record, have assets valued at $507 billion. According to the World Bank, Poland, which has 38.5 million inhabitants had GDP last year of $467 billion.

Handcuffs

'Deport El Chapo': Will immigration crackdown supersede criminal cases?

El Chapo mexican drug lords
© Pgr / Ho / Prensa International / www.globallookpress.comJoaquin “El Chapo” Guzman Loera
President Donald Trump's immigration crackdown was designed to get "bad hombres" out of the US, but it's affecting criminal cases in different ways, however, from million-dollar bail bonds to a deportation request for 'El Chapo.'

Less than a week after he assumed office, Trump signed an executive order that called on US Immigration and Customs Enforcement (ICE) and other federal agencies to "unapologetically enforce the law, no ifs, and's or buts" when it comes to immigration, according to White House press secretary Sean Spicer.

Trump signed a second one on February 22 that sought to "take the shackles off" immigration officers to speed up deportations. Since then, federal authorities have carried out multiple raids on and deportations of illegal immigrants.

"You see what's happening at the border, all of the sudden for the first time, we're getting gang members out, we're getting drug lords out, we're getting really bad dudes out of this country," Trump said last Friday. "And at a rate that nobody's ever seen before, and they're the bad ones."

In some cases, though, a hastened deportation would actually be an injustice to the courts of law. A district judge in Denver, Colorado raised the bail for an illegal immigrant charged in a fatal hit-and-run to $1 million on Thursday, all to make sure that he wouldn't be deported before trial.

Attention

Oklahoma Native American tribe suing oil companies for fracking related 'induced' earthquakes

earthquake sismo oklahoma
© Correo del Orinoco
The Pawnee Nation of Oklahoma has filed a lawsuit in a tribal court accusing multiple oil companies of triggering earthquakes that caused damage to several properties in town.

On Friday, the Pawnee Nation filed the suit against the oil companies alleging that they were the cause of the sharp increase in earthquakes over the past few years. One of which - the largest earthquake in the state's history, a magnitude 5.8, which caused extensive damage to several historic buildings and residential homes in Pawnee in September.

"For more than 90 years, these buildings have been a key part of Pawnee Nation, first as our schools and now as the home to our government," Andrew Knife Chief, executive director of the Pawnee Nation, said, according to his attorneys.

"These energy companies must recognize the direct impact of their actions on the livelihood of our tribe and must put an end to their dangerous activities," he added.

Comment:


Bacon

2017: The year that food becomes an investment - Prepare for a food crisis now

High food prices
People all over the US are feeling a sudden pinch on their food budgets. This is a result of a convergence of events that have spiked prices for everyday items like meat, eggs, dairy but also natural events like drought, floods, snow.

ALREADY food prices have gone up 0.4 percent in February.

Love steak? Beef shoppers have faced some huge increases in this past year. In fact average beef prices have jumped 4 percent just in January. (1)

For the past year I have been warning people of rising food prices and what I believe will happen a lack of food on the shelves.

Let me correct that, there will not be a "lack" of food, there will be a lack of "affordable" food and people will be priced out of the market.

We have had an extremely hard winter with major record cold snaps and snows. Citrus prices are on the rise like oranges, which have gone up 3.4 percent since last month.


Comment: See also:


2 + 2 = 4

Middlebury College professor injured by protesters as she escorted controversial speaker

Charles Murray
© Independent photo/Trent CampbellCharles Murray looks out on an audience in Wilson Hall Thursday of students who had turned their backs on him and chanted their disapproval. He was relocated to another room, from where his discussion with Prof. Allison Stanger, below, was broadcast.
Middlebury College Professor Allison Stanger was injured by protesters Thursday evening as she was escorting a controversial speaker from campus. She was treated at Porter Hospital and released.

Charles Murray, a political scientist who has been criticized for his views on race and intelligence, was invited to speak on campus by a student group. He was greeted late Thursday afternoon outside McCullough Student Center by hundreds of protesters, and inside Wilson Hall, students turned their backs to him when he got up to speak.

Comment: National Gallery of Canada urged to cancel talk by prof who refuses genderless pronouns