American Agriculture in Trouble and Global Financial Chaos Erupts

Editor’s Note: Please pay attention to what is being said in both these articles below. Don’t place your head in the sand and think all is well here! (I know plenty of these type of people). Listen, read, research yourself – America’s food supply is in big trouble and the global financial scene is getting really bad. No scare … just prepare.

And if you fail to prepare you will have no one to blame but yourself. Above all pray and ask God to save you if you are not saved. The times ahead are prophesied to be bad and they won’t get any better because nations are not turning back to God in repentance (especially here in America). Repentance is the key but people including Christians, pastors, elders and clergy don’t want to hear it. Take heed to these articles and don’t shrug your shoulders in doubt. Stay awake, watch and wait. And PREPARE!!

“If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.” -2 Chron 7:14 (KJV)

The following articles were originally published by Michael Snyder at The Economic Collapse Blog and End of the American Dream.  and End of the American Dream. (Used by permission)

Economic Chaos Erupts! – Global Manufacturing Plunges, The Trade War Expands And The Nasdaq Enters Correction Territory

By Michael Snyder – June 3, 2019

The global economic slowdown is really starting to accelerate.  Just within the past few days, we have gotten more really awful global manufacturing numbers, the trade war has expanded to more nations, and the Nasdaq has officially entered correction territory.  We have not witnessed this sort of global economic environment since the Great Recession, and if the economic chaos continues to escalate it won’t take too much to spark a brand new financial crisis.  Of course the global financial system is far more vulnerable than it was back in 2008, and so if we stay on the path that we are currently on we could be facing a nightmare scenario very rapidly.

Let’s talk about the manufacturing numbers first.  The numbers coming out of Germany are already at a crisis level, and manufacturing is also now contracting in Japan, South Korea and China as well.

Overall, global manufacturing as a whole has now fallen into contraction territory for the first time in seven years

Global manufacturing was the weakest since 2012 last month, a victim of mounting trade tensions and further reason to worry that the world economy is weakening.

With softness in Germany, Japan, the U.K. — as well as the lowest U.S. result in a decade — IHS Markit’s global Purchasing Managers Index fell to 49.8 in May, below the 50 level that divides expansion from contraction.

The reports underscore the growing threat posed by the escalating U.S.-China trade war, and they coincided with a fresh warning from Wall Street about recession risks.

The reason why so many people are freaking out about these numbers is because this is exactly what we would expect to see if we were entering a global recession.

Meanwhile, global financial markets are looking increasingly shaky.  On Monday, the Nasdaq fell another 120 points and it has now officially entered correction territory

Stocks ended mostly lower Monday, June’s first day of trading, amid reports that the U.S. government is planning to target a host of big tech companies with antitrust and business practice probes. Shares of Alphabet, Amazon, Facebook and Apple all weighed on the market during Monday’s session.

The Nasdaq dropped 1.6% to enter correction territory, closing more than 10% below its record high set in late April.

The term “correction territory” might not mean a lot to many of you, so let me put what is happening in terms you may understand.

 (READ MORE…)

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Due To Cataclysmic Flooding, Millions Upon Millions Of Acres Of U.S. Farmland Will Not Be Planted With Crops This Year

By Michael Snyder – June 3, 2019

It looks like 2019 could be the worst year for U.S. agriculture in modern American history by a very wide margin.  As you will see below, millions upon millions of acres of U.S. farmland will go unused this year due to cataclysmic flooding.  And many of the farmers that did manage to plant crops are reporting extremely disappointing results.  The 12 month period that concluded at the end of April was the wettest 12 month period in U.S. history, and more storms just kept on coming throughout the month of May.  And now forecasters are warning of another series of storms this week, and following that it looks like a tropical storm will pummel the region.  As Bloomberg has pointed out, we have truly never seen a year like this ever before…

There has never been a spring planting season like this one. Rivers topped their banks. Levees were breached. Fields filled with water and mud. And it kept raining.

Many farmers just kept waiting for the flooding and the rain to end so that they could plant their crops, but that didn’t happen.

At this point it is too late for many farmers to plant crops at all, and it is now being projected that 6 million acres of farmland that is usually used for corn will go completely unsown this year

There has never been weather like this, either. The 12 months that ended with April were the wettest ever for the contiguous U.S. That spurred other firsts: Corn plantings are further behind schedule for this time of year than they have been in records dating to 1980 and analysts are predicting an unheard-of 6 million acres intended for the grain may simply go unsown this year.

And we could actually see even more soybean acres go unplanted, because the latest crop progress report shows that soybean planting is even further behind

The Crop Progress indicated just 67% of corn was planted in 18 key corn-producing states. The 2014-18 average for corn planted by June 2nd is 96%, so planting is off 30.2% in comparison.

Corn planting has been at an all-time low percentage for the last three reports and remains behind schedule in 17 of the 18 states monitored.

Soybean planting is behind in 16 of the 18 key soybean-producing states, according to the report. So far, just 39% of soybean planting has taken place, compared to the five-year average of 79% by June 2nd, meaning soybean planting is off 50.6%.

In the end, we could easily see more than 10 million acres of U.S. farmland go completely unused this year.

And please don’t assume that the acres that have been planted are going to be okay.  In Nebraska, farmer Ed Brummels said that conditions are so bad that it is “like we are trying to plant on top of a lake!”

It’s like we are trying to plant on top of a lake! Planting will be over soon as farmers continue to be frustrated with these very saturated conditions.

When you plant fields that are absolutely saturated with water, the results can be extremely disappointing, and that is what we are hearing all over the nation.

Here is just one example

In Keota, Iowa, Lindsay Greiner sowed his 700 acres of corn toward the end of April — and then wasn’t able to get into his soaked fields for five weeks. He’s expecting much lower yields this year than last.

The crop right now is yellow. “It should be green,” he said. “It looks so bad.”

Farmers in the middle of the country desperately need things to dry out for an extended period of time.

 (READ MORE…)

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