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Bizzare & Odd

This Wasn’t Supposed To Happen: U.S. Employment Growth Just Plunged To The Lowest Level In 9 Years

If the U.S. economy was heading into a recession, we would expect to see a slowdown in the employment numbers, and that is precisely what is happening.  According to payroll processing firm ADP, the U.S. economy only added 27,000 new jobs in May, and that is way below the number that is needed just to keep up with population growth.  Of course some in the mainstream media are attempting to put a positive spin on this, but there really is no denying that this is a truly awful number.  In fact, we have not seen a number this bad in more than 9 years

Job creation skidded to a near-halt in May in another sign that the U.S. economic momentum is slowing.

Companies added just 27,000 new positions during the month, according to a report Wednesday from payroll processing firm ADP and Moody’s Analytics that was well below Dow Jones estimates of 173,000.

The reading was the worst since around the time the economic expansion began and the jobs market bottomed in March 2010 with a loss of 113,000.

9 years is a very long time, but this terrible employment number is perfectly consistent with all of the other horrible economic numbers that have been rolling in lately.

Time after time in recent weeks I have been using phrases such as “since the last recession” to describe what we are witnessing.  The U.S. economy has not been in such rough shape in nearly a decade, and things just keep getting worse.

So how did Wall Street respond to the latest employment news?

Actually, stock prices surged, because investors are super excited about the prospect that the Federal Reserve could soon lower interest rates

Stocks added to strong week-to-date performance on Wednesday as investors grew even more confident that the Federal Reserve will lower interest rates this year to reignite an economy wounded by trade battles.

The Dow Jones Industrial Average rose 207.39 points to 25,539.57, while the S&P 500 advanced 0.8% to 2,826.15. The Nasdaq Composite closed 0.6% higher at 7,575.48.

Pushing interest rates all the way to the floor certainly helped the stock market recover after the last recession, but this time around there is a major twist.

The U.S. is currently engaged in a major trade war with China, and the normal tools that the Fed utilizes may not be powerful enough to overcome the negative effects of such a conflict.

And to make things worse, now the U.S. is also starting a trade war with Mexico.  On Wednesday, President Trump made it clear that “not nearly enough” progress had been achieved during negotiations with Mexican officials…

President Donald Trump said “not nearly enough” progress was made in talks with Mexico to mitigate the flow of undocumented migrants and illegal drugs, raising the likelihood that the U.S. will follow through with tariffs next week.

So tariffs will be slapped on Mexican goods starting on Monday, and President Trump seems quite excited about this

“If no agreement is reached, Tariffs at the 5% level will begin on Monday, with monthly increases as per schedule,” Trump tweeted Wednesday. “The higher the Tariffs go, the higher the number of companies that will move back to the USA!”

Of course the Mexicans will almost certainly retaliate, and both countries will start seeing higher prices and significant job losses.

In fact, one study has concluded that the U.S. economy could lose more than 400,000 jobs as a result of these tariffs on Mexico.  The following comes from CNN

If the 5% US tariff on all goods from Mexico takes effect and is maintained, more than 400,000 jobs in the United States could be lost, an analysis released this week found.

The tariffs on Mexico, set to go in effect on Monday, would cost Texas alone more than 117,000 jobs, according to the analysis by The Perryman Group, an economic consulting firm. Texas is Mexico’s largest export market, making the two economies closely intertwined.

And the truth is that those numbers could actually be on the low side.

According to Marc Thiessen, a trade war with Mexico would literally put millions of U.S. jobs at risk…

Indeed, Mexican tariffs could be even more devastating for Americans than those imposed on China. Deutsche Bank estimates the tariffs could raise the average price of automobiles sold in the United States by $1,300. Indeed, U.S. and Mexican auto-supply chains are so deeply integrated that many parts cross the border multiple times before they end up in a finished vehicle — which means they would be hit by tariffs multiple times, compounding costs. Ten million U.S. workers’ jobs depend on this supply chain; tariffs would put those jobs at risk, including those of the “forgotten Americans” in the industrial Midwest whose jobs Trump vowed to protect.

We shall see what happens, but the outlook for the U.S. economy for the rest of this year is not good at all, and beyond that things look exceedingly grim.

Hopefully I am wrong, but it certainly appears that a major economic downturn is developing just in time for the 2020 presidential election.

There is one more thing that I would like to mention before I wrap up this article.  This week, a Russian news source reported that Russia and China “will sign an agreement” regarding the use of their own national currencies in bilateral trade with one another…

Russia and China will sign an agreement on possible payments in national currencies. A decree of the Russian government on signing of a relevant agreement with the Chinese side was released on the official portal of legal information on Wednesday.

According to the draft decree approved through that government document, “settlements and payments for goods, service and direct investments between economic entities of the Russian Federation and the People’s Republic of China are made in accordance with the international practice and the legislation of the sides’ states with the use of foreign currency, the Russian currency (rubles) and the Chinese currency (yuan).”

In other words, they are dumping the dollar in favor of their own national currencies when trading with each other.  This is a direct threat to the international dominance of the U.S. dollar, and other countries have been discussing similar moves.

For decades, the U.S. dollar has essentially been a global currency.  More dollars are actually used outside of the United States than within this country, and most Americans don’t realize that.

This has given us some enormous advantages in the global marketplace, and it could be just a matter of time before those advantages begin to disappear.

Things that used to take months or years to happen are now happening in a matter of days.  The pace of change is really picking up, and right now the momentum of events is heading in a direction that is definitely not favorable to the United States.

About The Author

Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared NowThe Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse BlogEnd Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

SourceThe Economic Collapse Blog

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Bizzare & Odd

Scientists propose to blow up a nuclear bomb in Yellowstone to prevent a catastrophic volcanic eruption

Do not be surprised, this is indeed so, and scientists are proposing to explode a nuclear charge in the caldera of the supervolcano in order to “blow off steam” and prevent a more powerful and catastrophic natural eruption for the entire planet.

Highlights

– Scientists believe that the Yellowstone supervolcano will soon “delight” the world with another eruption.
“The volcanologist said a nuclear bomb explosion could prevent a powerful eruption.”
– Starting a minor eruption can reduce magma accumulation.
– The USGS has already conducted experiments to activate the volcano by detonating a nuclear charge

The volcanologist shared his extreme plan on how to stop the violent eruption of the Yellowstone Super Volcano. His plan involves dropping a small nuclear bomb into the magma chamber of the volcano.

The Yellowstone Caldera is a massive volcano located in Yellowstone National Park. It is known that a supervolcano erupts every 600,000 – 800,000 years. Since the last major eruption occurred 630 thousand years ago, many scientists believe that the volcano is “expired” for a new powerful eruption.

Given the size of a supervolcano, a major eruption will have radical and devastating consequences. But, according to volcanologist Craig McClarren, there is a way that can prevent a powerful eruption – by minimizing its intensity.

McClarren proposes using a remotely controlled rig for drilling in Yellowstone’s magma chamber, which will cause a minor eruption and ease the pressure that builds up within the supervolcano.

If the drilling process does not cause an eruption of the volcano, then it should be provoked using a small nuclear bomb placed in the magma chamber.

“I would have a remotely controlled drilling rig drilling a magma camera,” McClarren wrote. “If this were not enough to cause an eruption, I would drop the smallest nuclear bomb in the US arsenal and detonate it”

According to the volcanologist, the explosion of a powerful bomb inside the volcano will lead to the depressurization of magma accumulating under it. Although his plan is not likely to prevent a complete eruption, he can minimize its intensity.

“The launch of a catastrophic release of volatile substances through depressurization should lead to an eruption that will be large, but still significantly smaller than what it could have exploded by itself,” he explained.

McClarren explained that his plan is based on the notion that volcanic eruptions can be accurately predicted. He structured his plan based on a hypothetical scenario that Yellowstone was supposed to explode in 10 years, giving local agencies enough time to come up with effective solutions to deal with the upcoming eruption.

Unfortunately, volcanoes are known for their unpredictable nature. Although signs of volcanic activity can be detected several weeks or months before the eruption, it is still not possible to accurately predict when the volcano will erupt.

Michael Pond, a geophysicist at the US Geological Survey and senior fellow at the Yellowstone Volcanological Observatory, was critical of such a plan:

“If you find these crazy schemes somewhat unnerving, please don’t worry – such a plan has zero chance of being implemented!

You see, unlike science fiction stories in which nuclear weapons seem to be the cause and solution of many geological disasters, scientific fact tells us that you are unlikely to cause a Yellowstone cataclysm with nuclear weapons.

How do we know? This is because a similar experiment has already been tried. ”

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Bizzare & Odd

Strange natural phenomena resembling magic

In nature, there are often incredible phenomena that at first glance are perceived as magic. The publication Popular Mechanics described some of these phenomena – in particular, the circles of fairies in Namibia, the lifeless Lake Natron in Tanzania , and the mummification of starlings (see video below).

In the desert of Namibia you can meet strange circles, the diameter of which reaches fifteen meters – scientists have studied these formations far and wide, but have not yet come to a consensus on their nature. Some say that this is the result of termite activity, while others argue that the whole thing is in the plants that create circles, competing for access to water. Locals, meanwhile, believe that a dragon creates a circle that lives underground.

In Tanzania there is Lake Natron, whose lifeless waters frighten and fascinate at the same time. There is a huge concentration of salt and alkali in the lake, therefore halophilic cyanobacteria live in it. And, suddenly, small flamingos that come here to hatch eggs (this is facilitated by warm water and an unpleasant odor that scares away predators).

Murmuring starlings is an amazing phenomenon, which you must see at least once in your life. If you look at a flock of birds, which behaves as a single living organism, then you can very easily believe in magic.

On the dried-up Lake in the Death Valley in the USA, there are creeping stones moving on their own at a speed of 2-5 meters per minute. After extensive research, scientists have discovered that stones move along thin and long sections of ice.

Residents of the city of Taos in the United States for many years hear a noise coming from the desert. However, on that side there is no highway on which heavy machinery could move. This noise was called “Taos rumble”, and only locals hear it. Scientists could not establish the source of the rumble, but suggested that it could be power lines passing near the city.

Near the city of Hessdalena in Norway, white lights appear , the origin of which is not known until this time.

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Bizzare & Odd

In Scotland, Hurricane Chiara brought ashore the skeleton of a mysterious creature

On the northeast coast of Scotland, a skeleton of an unknown sea creature was discovered. It washed up on the land as a result of the storm “Chiara” .

An intriguing creature was discovered on Sunday, February 9, according to the Daily Mail . This happened after strong winds and heavy rain fell in the region. A photograph of the skeleton was published on Facebook. Commentators have suggested that the remains may belong to a whale or dolphin, while the creature has horns. Some have not ruled out that this is the skeleton of a Loch Ness monster.

Marine biologists are bewildered and can not determine what kind of creature carried ashore Scotland. Professor David Lusso from the University of Aberdeen said that the published picture does not allow to draw accurate conclusions, therefore, photos from other angles will be required.

According to Scottish legend, the Loch Ness monster lives in a local lake. To this day, there is no exact evidence that it really exists. In 1934, London physician R. Kenneth Wilson photographed the allegedly Loch Ness monster, but in 1994 they proved that this picture was fake.

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