Economic Collapse – by Michael Snyder
Two major hurricanes, unprecedented earthquake swarms and wildfires roaring out of control all over the northwest United States – what else will go wrong next? When I originally pointed to the month of September as a critical time, I had no idea that we would see so many catastrophic natural disasters during this time frame as well. Hurricane Harvey just broke the all-time record for rainfall in the continental United States, Hurricane Irma is so immensely powerful that it has been called “a lawnmower from the sky”, vast stretches of our country out west are literally being consumed by fire, and the magnitude-8.2 earthquake that just hit Mexico was completely unexpected. As I have stated so many times before, our planet is becoming increasingly unstable, but most people simply do not understand what is happening.
My good friend Zach Drew is getting married next month, and I would encourage everyone to go wish him well on Facebook. On Friday, he posted the best summary of the major disasters that we have been experiencing so far this month that I have seen anywhere…
California is on fire.
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And last but not least an X10 C.M.E solar flare two nights ago. The highest recorded solar flare ever!
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For much more from Zach, you can follow his work regularly at TruNews.com.
Some are describing what is happening to us as a “perfect storm”, and they are wondering if even more major disasters are coming in the very near future.
Let us hope not, because there is a tremendous amount of concern that we may not be able to pay for the disasters that have happened already. The following comes from Politico…
Harvey and Irma could be a breaking point. At $556 billion, the Houston metropolitan area’s economy is bigger than Sweden’s. New Jersey could easily fit inside the region’s sprawling footprint, where Harvey dumped 34 trillion gallons of water, as much as the three costliest floods in Texas history combined. The Harvey response alone eventually could double the $136 billion in government aid spent after Hurricane Katrina flooded New Orleans.
And as of Friday, an estimated $1.73 trillion worth of real estate was in the path of Irma’s hurricane-force winds, according to the University of Wisconsin’s Cooperative Institute for Meteorological Satellite Studies.
We won’t know the true extent of the damage that has been caused down in Florida for many days, but we do know that much of the state is already without power…
More than 3.3 million homes and businesses and counting have lost power in Florida as Hurricane Irma moves up the peninsula. The widespread outages stretch from the Florida Keys all the way into central Florida. Florida Power & Light, the state’s largest electric utility, said there were nearly 1 million customers without power in Miami-Dade County alone. The power outages are expected to increase as the storm edges further north. There are roughly 7 million residential customers in the state.
In the end, the federal government will likely step in and spend a lot of money that it does not have to rebuild and restore the communities that Hurricane Harvey and Hurricane Irma have destroyed.
But we are already 20 trillion dollars in debt, and it is being projected that we will continue to add another trillion dollars to that total every year for the foreseeable future.
At some point all of this debt will simply become completely unsustainable.
Of course the major disasters will just inevitably keep on coming. As Politico has pointed out, major natural disasters seem to just keep on getting bigger, and they seem to be hitting us more frequently than in the past…
The disasters are arriving with greater frequency. Counting Harvey, the U.S. this year has experienced 10 weather-related events each costing $1 billion or more. The country averaged fewer than six big-dollar storms, flood, fires and freezes a year between 1980 and 2016, according to the National Oceanic and Atmospheric Administration. Between 2012 and 2016, however, weather catastrophes occurred almost twice as often.
I know that I have been writing about these hurricanes a lot in recent weeks, and I promise to get back to focusing on the economy in the days to come.
But it is absolutely imperative that we all begin to understand that something has fundamentally changed. Our world has become much less stable, and “apocalyptic events” are starting to hit us one after another.
So will things start to calm down in the months ahead? Please feel free to tell us what you think by posting a comment below…
Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.
Dear Mr. Snyder,
You do realize our weather has been manufactured for several decades, don’t you?
What has fundamentally changed is that people are waking up to the vastness of corruption that plagues our former Republic.
As an economist, you know who your boss is, so…
I guess I’m addressing a blank wall, jewknow what I’m saying?
None of the fires nor the two hurricanes fall in a category even remotely resembling “Apocalyptic”
He is just another fear monger. Now everyone go crawl back under your bed, assume the fetal position and wait your turn for your particular “Apocalyptic” event