The Average U.S. Farm Is $1,300,000 In Debt, And Now The Worst Farming Crisis In Modern History Is Upon Us

the-average-us.-farm-is-$1,300,000-in-debt,-and-now-the-worst-farming-crisis-in-modern-history-is-upon-us

14-08-19 10:56:00,

By Michael Snyder

We haven’t seen anything like this since the Great Depression of the 1930s.  Leading up to this year, farm incomes had been trending lower for most of the past decade, and meanwhile, farm debt levels have been absolutely exploding.

So U.S. farmers were desperate for a really good year, but instead, 2019 has been a total disaster.  As I have been carefully documenting, due to endless rain and catastrophic flooding millions of acres of prime farmland didn’t get planted at all this year, and the yields on tens of millions of other acres are expected to be way, way below normal.  As a result, we are facing the worst farming crisis in modern American history, and this comes at a time when U.S. farms are drowning in more debt than ever before.  In fact, the latest numbers that we have shown that the average U.S. farm is 1.3 million dollars in debt

Debt-to-asset ratios are seeing the same squeeze, with more farms moving into a ratio exceeding 80%. Barrett notes each year since 2009 has seen an increase in the average amount of total debt among farmers, and 2017 was no exception. Average debt rose 10% to $1.3 million. The biggest increase was in long-term debt, such as land.

Farming in the 21st century has become an extraordinarily risky business, and countless U.S. farmers were already on the verge of going under even before we got to 2019.

Now that this year has been such a complete and utter disaster, many farms will not be able to operate once we get to 2020.

Minnesota farmers Liz and Bob Krocak were hoping for better days ahead as this year began, but things have been really tough and their debts have become overwhelming.  During a recent meeting with their creditors, Liz was so distraught that she literally burst into tears

They had to face their creditors at a mediation. There was Del, the mechanic, whom they owe $28,000 and who now can’t help his son buy a home. There was Steve, the feed store guy, who is 64 and has delayed his retirement because of the Krocaks’ $311,000 bill.

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The WORST Part of the Epstein Case – #PropagandaWatch

the-worst-part-of-the-epstein-case-–-#propagandawatch

16-07-19 11:12:00,

SHOW NOTES: https://www.corbettreport.com/?p=32026

According to the dinosaur media, the worst part about the exposure of Jeffrey Epstein’s child sex trafficking and high-level blackmail operation is that it bolsters conspiracy theories about child sex trafficking and elite corruption. Newsflash: they’re trying to gaslight you. Don’t fall for it for a second.

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The Worst 2020 Election Interference Will Be Perfectly Legal

the-worst-2020-election-interference-will-be-perfectly-legal

27-05-19 06:54:00,

“After the Mueller report was released, our president called Vladimir Putin, spent an hour on the phone with him,” Democratic presidential candidate Beto O’Rourke said on CBS’s Face The Nation yesterday. “Described the report as a hoax, giving Putin a green light to further interfere in our democracy.”

“Russia interfered in the 2016 election,” tweeted presidential candidate Kamala Harris the other day. “If we don’t do anything to upgrade our election infrastructure, we will leave our nation vulnerable to future attacks.”

We’ve been seeing many such hysterical warnings about Russian interference in the upcoming 2020 elections, and as the election gets nearer we are 100 percent guaranteed to see a lot more.

Lawmakers worry that elections will be held on woefully outdated voting machines and that any tampering by adversaries could lead to disputed results https://t.co/dVW2bqxndr

— Roll Call (@rollcall) May 22, 2019

Another concern people have been voicing, which has far more legitimacy, is the fear of election tampering from domestic actors. An article published the other day by Roll Call reports that experts are warning America’s 2020 elections “will be held on voting machines that are woefully outdated and that any tampering by adversaries could lead to disputed results.” An article published last month by the Guardian warns that new voting machines aren’t necessarily an improvement.

“The purchases replace machines from the turn of the century that raise serious security concerns,” the Guardian reports. “But the same companies that made and sold those machines are behind the new generation of technology, and a history of distrust between election security advocates and voting machine vendors has led to a bitter debate over the viability of the new voting equipment – leaving some campaigners wondering if America’s election system in 2020 might still be just as vulnerable to attack.”

Initiatives are sprouting up to bring more election security and reliability to the United States, which is currently ranked dead last in election integrity among all western democracies. Support for paper ballots is picking up steam with support from Senate Democrats and multiple presidential candidates, and rightly so;

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The Worst Totalitarian Since Mao

The Worst Totalitarian Since Mao

03-10-18 06:56:00,

Authored by Nick Taber via The American Conservative,

Xi Jinping is ushering in an era of Chinese illiberalism, and with it a chilling clampdown on freedoms…

This summer, a UN panel received reports of a human rights crisis unfolding in China’s far western Xinjiang province. The information showed that as many as two million people had been subjected to an intense political indoctrination and reeducation program. The backlash has largely focused on the ethno-religious nature of this crisis. Pakistan, China’s closest and most economically dependent ally, has asked China to ease restrictions on Muslims, and Uighurs (the ethnic minority group targeted) living in America are beginning to condemn China’s human rights abuses.

But over-interpreting the religious aspect of the crackdown distracts from the true nature of repression in China. The crisis in Xinjiang should be interpreted more as an assault on basic freedoms and the expansion of a totalitarian tyranny than an expression of ethnic superiority. To be sure, this is nothing less than a cultural genocide. But as far as we know, the Chinese government is not Sinicizing this group simply because they are Muslim or ethnically Turkic. It is doing so because they are a perceived threat to the power of the Chinese Communist Party (CCP).

Intense repression has been rapidly growing throughout the country, cementing the power of the CCP in all corners of society. Indeed, the human rights abuses in Xinjiang are strikingly similar to what’s been happening elsewhere in China since Xi assumed office. Human rights reports of Xinjiang describe mass political indoctrination, the creation of a digital police state, arbitrary detention, and pervasive controls over daily life. Let’s look at each of those components individually.

Indoctrination: Mass political indoctrination is the central purpose of the reeducation camps established in Xinjiang. Elsewhere in the country, however, the Chinese government has instituted a wide variety of indoctrination programs, with the explicit goal of expanding the CCP’s control over people’s minds. This includes overhauling all of China’s major educational institutions, increasing the ideological content of all media, and controlling the spread of foreign ideas and influences within the country.

During a speech given at a Beijing kindergarten in 2015,

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Our Worst Nightmares are Starting to Take Shape in Reality | Armstrong Economics

Our Worst Nightmares are Starting to Take Shape in Reality | Armstrong Economics

14-08-18 06:09:00,

The Euro has continued to fall dropping at the time of this post to 11343. The bottom of this channel lies at the 11315 area and behind the curtain, our phone is in meltdown mode.  After’s Italy warning that the ECB has to keep QE going or the entire bond market will collapse forcing the breakup of the EU has finally made many of the dollar-haters start to realize that indeed Draghi has destroyed the European economy and bond market.

Turkey appears to have gone to Qatar asking for financial help and they were turned away. I have warned that we were entering the crisis phase. Obviously, the WEC is going to be probably one of the most interesting and challenging sessions so far. Our worst nightmares are coming alive and far too many people in government are still refusing to face reality.

We will do a Private Bog of the Surrency & the Dow

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