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“655 people have $4 trillion in wealth. 200 million can’t cover a $1000 expense.”

The COVID pandemic has caused the gap between the ultra-wealthy and the rest of us to grow larger than it ever has been before.  Thanks to the hyperinflationary policies of the Federal Reserve and our politicians in Washington, stock prices have soared to unprecedented heights in recent months.  This pushed the wealth of the uber-rich to dizzying heights, but for the rest of the country 2020 was an unmitigated nightmare.  As I have discussed previously, one survey found that 2020 was a “personal financial disaster” for 55 percent of all Americans.  More than 110,000 restaurants shut down permanently last year, Americans filed more than 70 million claims for unemployment benefits, and tens of millions are potentially facing eviction in 2021.  But even though we are mired in the worst economic downturn since the Great Depression of the 1930s, those at the very top of the economic pyramid are laughing all the way to the bank.

Earlier today, I came across a tweet from Sven Heinrich that really struck an emotional chord with me…

655 people have $4 trillion in wealth.

200 million can’t cover a $1000 expense.

I certainly don’t have any problem with people gaining wealth by working extremely hard and making society a better place in the process.

But most of the people at the very top of the economic pyramid only increased their wealth in 2020 because the powers that be decided to open up the firehoses and rain obscene amounts of money on them.

That isn’t right.

As a result of the deeply flawed policies that were implemented because of the COVID pandemic, the gap between “gains in financial assets and the health of the economy” was the largest ever recorded last year…

But as stock market indexes staged a huge rebound from the lows seen in March when the pandemic first hit, the gap between the wealthy and the poor extended an already widening trend to historic proportions.

A report via BofA Global Research published on Friday notes that a measure of the differential between gains in financial assets and the health of the economy hit a record at 6.3X in 2020.

My regular readers are probably sick and tired of hearing me say that the stock market has become completely divorced from economic reality, and now we have a hard number which backs up what I have been saying all along.

As I write this article, the Dow is sitting just above 31,000, and that is utterly absurd.

If the Dow were to fall to 15,000 it would still be overvalued.

Meanwhile, a brand new survey has discovered that only 39 percent of all Americans “would be able to cover an unexpected $1,000 expense”

Just 39% of Americans would be able to cover an unexpected $1,000 expense, according to a new report from Bankrate.com.

That’s down from 2020, when 41% of people said they could cover a $1,000 cost with their savings.

If only 39 percent of Americans currently have enough money for such an unexpected expense, that means that 61 percent of Americans do not.

According to Google, the current population of the U.S. is 328 million, and 61 percent of 328 million is just over 200 million.

So that is where Sven Heinrich got that figure from.

200 million of us have so little money that we are just barely scraping by from month to month.

And according to one of Walmart’s top executives, many of their customers do not expect “any kind of speedy recovery”

Walmart Chief Customer Officer Janey Whiteside said Tuesday that many of its shoppers don’t expect the economy to quickly bounce back from the coronavirus pandemic.

Almost half of customers surveyed in November told Walmart that they were worried about the current health of the economy, she said when speaking at the virtual National Retail Federation conference. She said 40% said they didn’t expect “any kind of speedy recovery.”

Unfortunately, those that are pessimistic about how the U.S. economy will perform in 2021 are right on target.

It is going to be a very painful year.

Of course it isn’t just consumers that are concerned about the year ahead.  Small business optimism is falling as well

A popular gauge of small-business confidence in the US sank to a seven-month low in December as stricter lockdown measures and climbing daily case counts cut into economic activity.

The National Federation of Independent Businesses’ index of small-business optimism fell 5.5 points last month to 95.9, according to a Tuesday release. The reading lands below the average index value since 1978 of 98 and marks the lowest level since May. Economists surveyed by Bloomberg expected the gauge to dip slightly to 100.2.

Americans generally tend to be quite optimistic about the future, but looking ahead there just aren’t any reasons to be optimistic about the U.S. economy in 2021.

The COVID pandemic continues to get even worse, new lockdowns have been instituted all over the country, our federal government is in a state of chaos, and there will inevitably be more rioting, looting and civil unrest in the months ahead.

Plus, there will undoubtedly be some additional unexpected surprises that most people are not anticipating.

Before I wrap up this article, there is just one more thing that I wanted to mention.  A programmer in San Francisco named Stefan Thomas is the proud owner of 7,002 Bitcoin, but he can’t access his fortune because he forgot the password, and he only has two more tries before he is locked out permanently…

Take Stefan Thomas, a programmer in San Francisco, who told The New York Times that he has 7,002 Bitcoin tucked away — currently worth about $236 million, nearly a quarter billion dollars — but that he has no idea how to access it and can only guess two more passwords before being locked out forever.

Even setting aside the long term prospects for crypto, the key message of these horror stories is that taking digital finances into your own hands is a huge risk if you can’t manage your passwords.

Can you imagine how you would feel if that happened to you?

Sadly, it could be argued that essentially the same thing is happening to the nation as a whole.

America has “forgotten the password” to what once made us so great, and we are running out of chances.

Let us hope that we wake up before it is too late, because time is not on our side at this point.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post “655 people have trillion in wealth. 200 million can’t cover a 00 expense.” first appeared on The Economic Collapse.

America’s Slide Into Economic Oblivion Is Already Starting To Accelerate Here In 2021

Isn’t it fun to live in a rotting, decaying society that is coming apart at the seams all around us?  The latest economic numbers are extremely depressing, but now that free speech is being abolished and the elite are consolidating control over every aspect of our society, we are being assured that better days are right around the corner.  We have just got to be willing to accept the “new normal” which includes living in “tiny homes”, snacking on worms, and never expressing any independent thoughts which diverge from official mainstream narratives.  So with that in mind, I will try to share the horrible economic news that we have been getting in the most positive light possible.

This week, we learned that another 965,000 Americans filed new claims for unemployment benefits during the previous week…

The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs.

The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered around 225,000. Last spring, after nationwide shutdowns took effect, applications for jobless benefits spiked to nearly 7 million – 10 times the previous record high. After declining over the summer, weekly claims have been stuck above 700,000 since September.

But we are being told that this is only because of the failed policies of the outgoing administration and that things will definitely be much better under the next socialist administration.

2020 was particularly a tough year for low paid workers.  At this point, even officials at the Federal Reserve are admitting that the unemployment rate for low paid workers “is above 20%”

Unemployment for the lowest-paid workers in the U.S. is above 20%, a figure that Federal Reserve Governor Lael Brainard said underscores the importance of policy help for the economy.

The figure indicates how uneven the recovery has seen since efforts to control the Covid-19 pandemic resulted in the biggest quarterly GDP drop since the Great Depression.

How can we put a positive spin on this?

Well, at least more of them have had an opportunity to stay home and not catch COVID.

So I guess you could say that this unemployment crisis has actually had a positive impact for public health.

And more Americans are getting the opportunity to “stay home” with each passing day.  Here is just one example

Dropbox is cutting its global workforce by about 11%, the company said in an 8K filing released Wednesday. The company’s stock was down more than 4.5% in late-morning trading.

The move will affect 315 people, who will be notified by the end of the business day.

Of course as fear of COVID continues to rise, American consumers are doing less shopping at Walmart and other corporate behemoths, and U.S. retail sales just fell for a third month in a row.

But that problem will soon be fixed, because more universal basic income checks are on the way.

All of the previous socialist “stimulus packages” weren’t enough, and so Joe Biden has unveiled “a $1.9 trillion plan to prop up the economy”

Friday offered the first chance for traders to act after President-elect Joe Biden unveiled details of a $1.9 trillion plan to prop up the economy. He called for $1,400 cash payments for most Americans, the extension of temporary benefits for laid-off workers and a push to get COVID-19 vaccines to more Americans. It certainly fit with investors’ expectation for a big and bold plan, but markets had already rallied powerfully in anticipation of it.

Doesn’t that sound great?

And Biden is also calling for “a national minimum wage of $15 an hour”.

Don’t worry, that won’t hurt the restaurant industry at all.

I don’t know why that statement is true, but that is what the “fact checkers” want us to say.

And since Republicans and Democrats both abandoned any pretense of fiscal responsibility long ago, nobody is really pointing out that we are already 27.6 trillion dollars in debt and that we simply can’t afford any more “stimulus packages”.

In fact, thanks to all of the reckless spending that we have already done, the budget deficit for the month of December 2020 was more than 10 times larger than the budget deficit for the month of December 2019…

The U.S. government posted a December budget deficit of $144 billion – a record for the month – due to far higher outlays with coronavirus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury Department said on Wednesday.

The Treasury said the December deficit compares with a $13 billion deficit in December 2019, before the COVID-19 pandemic started in the United States.

Overall, the U.S. national debt increased by more than 7 trillion dollars under the outgoing administration, and even CNN is admitting that “it will go much higher under Biden”.

But the adherents of Modern Monetary Theory assure us that “deficits don’t matter” and that we can borrow and spend as much money as we want.

Since that is true, why don’t we make the stimulus payments much larger?

If we are liquidating the Republic anyway, why not send a billion dollars to everyone?

Seriously though, there are millions upon millions of Americans that are deeply hurting as the U.S. economy melts down all around us.

I hope that you enjoyed my attempt at injecting some humor into our situation, but what many Americans are facing right now is not humorous at all.

At this point, most Americans are barely scraping by from month to month, and some are literally facing life or death financial decisions

A mother’s tearful confession that she can’t afford her son’s insulin despite working full-time has left commenters deriding the American healthcare system.

Katie Schieffer’s ten-year-old son was recently diagnosed with Type 1 diabetes and requires insulin every two hours — but the North Carolina mother was left in tears when she couldn’t afford his $1,000 prescription.

Can you imagine what it would be like to be in her shoes?

Our entire system is failing, and things are only going to get worse in the months and years ahead.

For decades, America has been running in the wrong direction and our leaders have been making incredibly foolish decisions.

Now there is deep pain everywhere around us, and the level of suffering is only going to increase as the U.S. slides even faster toward economic oblivion.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post America’s Slide Into Economic Oblivion Is Already Starting To Accelerate Here In 2021 first appeared on The Economic Collapse.

A Complete Guide To Campfire Cooking

Campfire cooking can be a soothing activity to do in the middle of the wilderness. You can appreciate nature and enjoy the company of friends while preparing meals. Here are the essential things you need to know to make your campfire cooking easier.

RELATED: 21 Savory Campfire Recipes For Delicious Meals Outdoors

Be a Campfire Cooking Expert | Everything You Need to Know About Campfire Cooking

What Can You Cook on a Campfire?

Close up grilling barbecue in the campground at summer camp travel, Skewers of pork and beef fillet on barbecue party in camping, Summer Camp Travel one activity for relaxing. | Campfire Cooking

These food items would make for delicious treats when fire-roasted:

  • Bread: You’ll get a blend of crispy breadsticks and soft rolls after cooking your dough over a fire.
  • Kebabs: Vegetables and meats are usually combined on a stick. You can separate them for easier cooking.
  • Corn: Grilling corn on the cob would only take you around 10 minutes. Add salt and butter, then dig in!
  • Hotdogs: Take this classic campfire food to the next level by wrapping it with either bacon or dough.
  • Cheese: Make your sandwich exciting by roasting grilled cheese on an open fire. Be careful when cooking so it won’t drop from your roaster.
  • Muffins: Don’t forget to turn them once in a while for even cooking.
  • Marshmallows: You can’t leave marshmallows behind when campfire cooking. Eat them on sticks or make some s’mores.
  • Fruits: When cooked on a campfire, the sugar in fruits would caramelize. Eat them with ice cream for a full dessert.
  • Potatoes: With its versatility, you can make anything out of a potato. Bring different potato toppings so everyone can design their own meal.
  • Bacon: Its crispiness level depends on your preference. Ensure to let your bacon cool down for a few seconds before eating it.

How Do You Cook Over a Campfire?

Preparing food for Cooking Over Open Campfire | Campfire Cooking

As much as possible, do your food preparations such as dicing and slicing at home. Put ingredients in containers, and store meats in a cooler. You can also make foil packet meals in advance for your convenience.

Make sure to use the necessary grilling tools and cooking methods. Appropriate cookware will get the job done regardless of what recipe you’ll prepare.

Then, burn a bunch of wood to build a campfire. Choose a safe area where there are no power lines and trees overhead. Additionally, don’t cook on top of open flames. This will only result in burnt food.

Campfire cooking can be tricky, so use a cooking surface and flip your food every now and then. Add salt and olive oil for an extra flavor, but remember that oil can ignite sparks. Have a bottle of water ready to lessen the flames and to put them out once you’re done cooking.

How Do You Heat Water Over a Campfire?

a pot of water boiling over a fire and a flame. Preparing food on campfire in wild camping | campfire cooking

Boiling is the most practical choice for purifying your water when camping. There are three methods on how you can prepare this on an open fire:

  • Tripod method: Make a tripod-like structure by assembling three poles. Tie a rope around them and adjust the sticks before placing them over your campfire.
  • Spring stick method: Look for a y-shaped branch, then trim off the lower part, leaving an inch below the “Y”. Cut off the smaller of the two branches, but keep around three inches on this side. Then, slide the stick down into your water bottle. Holding the stick, you now get your bottle out of your campfire.
  • Rope toggle method: Be sure that the stick is wider than the mouth of your water bottle. Create a v-notch into your stick, and tie your cord onto it. Then, drop the toggle into your bottle so you can lift and move it around.

RELATED: Practical (Yet Delicious) Winter Campfire Cooking Ideas For Outdoor Cooking

How Do You Cook Eggs on a Campfire?

Campfire breakfast of eggs,bacon and potatoes | Campfire Cooking

Avoid breaking the yokes and burning your eggs over a campfire. Clean your skillet with water, then coat it with canola oil. Afterward, put plenty of butter on your pan to ensure that the eggs won’t stick to it. Use a skillet with enough space to cook your eggs.

Another important tip is to preheat your cast iron. Five minutes before cooking, put your pan over the campfire. This is to ensure even cooking of your eggs.

To achieve clean and white eggs, cook them after your meats. The leftover grease from steak, bacon, or sausage will also make your eggs tastier. Don’t forget to wipe your pan off a bit so your eggs won’t turn black.

How Do You Cook Steak on an Open Fire?

Cooking steak and fish over campfire | campfire cooking

Do the necessary preparations at home so you can cook a perfect steak over a campfire. Bring tools with you such as fireproof gloves, tongs, and a refrigerator shelf.

Choose a bone-in rib-eye or strip that’s two inches thick. Its bone will serve as a heat exchanger for a smooth steak cooking.

Freeze your steak overnight. It’ll thaw on your way to your camping site. Don’t add seasonings such as salt as it’ll remove the moisture from your steak.

Upon your arrival, set up your campfire with three areas. One is where you’ll produce the coals, and the other section is where you’ll move them. The last area is where slow cooking will happen.

Cook each side of the steak over high heat for a couple of minutes. Then, move your steak to the last grilling section and cover it with a lid or foil. Remove the steak from the heat, and allow it to rest for a few minutes before digging in.

Don’t get intimidated with campfire cooking. It can be a relaxing way to prepare your meals. Watch this video by Tasty to get recipe ideas for your campfire cooking:



Whether you’re in your backyard or on a beach, campfire cooking can turn into family bonding. Master the art of outdoor cooking, and make it the highlight of your camping trip.

What other campfire cooking ideas do you have in mind that you’d like us to know about? Share them with us in the comments section below!

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House Advanced Impeachment Bill Asking Pence to Invoke 25th Amendment

Donald Trump only has 7 days left in office and yet house democrats are desperate to have him removed before his time is up. Congress has voted to advance a resolution calling on Vice President Mike Pence to initiate a process under the 25th Amendment to remove Trump from office.

Pence has already objected to the move, yet democrats continue to push forward. We should all be asking why democrats are so intent upon making sure Trump is impeached a second time. But because the mainstream media cannot be bothered to do anything but brainwash the public with propaganda, we may never know.

The resolution cleared its first hurdle in the House after a 222-204 vote on Tuesday, with lawmakers voting along party lines. However, while no Republicans openly sided with their rivals across the aisle, seven GOP lawmakers did not cast a vote for the bill but have yet to weigh in publicly to explain their decision. As Congress convened to vote, Vice President Pence issued a statement signaling that he would not take up Democrats’ request to invoke the 25th Amendment, saying the move would set a terrible precedent” and would not be “in the best interest of our Nation,” rendering the House resolution largely symbolic. –RT

As big of a deal as Democrats and the media are making this, it must be more than “largely symbolic.” Some say it’s so Trump cannot run for any public office again. But as we’ve been shown, elections are selections, the voters decide nothing and the ruling class with the help of central banking elitists will select who they want to rule over others. Others say it’s so Trump won’t incite violence anymore.  But again, Trump is now censored on every single platform and doesn’t have the opportunity to even speak to the public much for the next 7 days.

So what gives? This could just be all a part of the distraction, or it could be a part of this massive psyop the government is working on right now:

FBI Warns: Armed Protests Planned For All 50 State Capitols

This one is an obvious psyop and they are really attempting to push people to violence and that will result in more gun control and a police state that will make Nazi Germany look tame by comparison. Stay as far away from these types of events as possible.

Stay alert and know what is going on. Take cues from the mainstream media.  They are telling us what they want us all to think and are doing the bidding of the ruling class.  Make sure your preps are in order and you have what you might need.  Be ready for anything because the rulers will do everything they can to keep us as slaves even as the system of oppression they set up falls. In fact, as more figure this out, they could get more desperate.

 

The post House Advanced Impeachment Bill Asking Pence to Invoke 25th Amendment first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.