by Michael Snyder, The Economic Collapse Blog:
Sticking our heads in the sand and pretending that everything is okay isn’t going to do anyone any good. Chaos has been erupting all over the globe, and global events are likely to accelerate even more in 2025. But as I write this article, most Americans have shifted into “vacation mode” and are focused on celebrating. Of course many do not have the resources to celebrate like they did in the past. As I discussed the other day, 35 percent of Americans plan to spend less this holiday season and only 16 percent plan to spend more. But there is still a whole lot of spending going on. The average U.S. adult will spend about a thousand dollars on gifts this year, and all of this stuff will bring a certain level of temporary happiness.
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Meanwhile, our world is going completely and totally nuts.
In recent weeks, there has been a growing consensus in the mainstream media that World War III is already here. For example, the following comes from a Forbes article entitled “World War III Has Already Begun – And Businesses Need To Take Note”…
The sudden collapse of Bashar al-Assad’s despotic regime in Syria this weekend highlights the interconnectedness of a growing number of global conflicts, revealing a hard truth that most of us would rather not think about too deeply: World War III has already begun.
Business leaders need to recognize this and begin planning accordingly.
At this moment, we are closer to nuclear war with Russia than we have ever been before, the Chinese are closer to invading Taiwan than ever before, North Korea continues to threaten to invade South Korea, and the incoming administration is seriously considering bombing Iran’s nuclear program…
Ahead of his January 20 inauguration, President-elect Donald Trump is evaluating the possibility of preemptive strikes on Iran to stop its growing nuclear program, according to a Friday morning Wall Street Journal report.
According to the WSJ, this move would mark a significant change from previously established US policy on diplomacy and sanctions when dealing with Tehran.
The report outlines the Trump team’s evaluation of potential attacks on nuclear sites, indicating that members of the president-elect’s transition team are exploring this option.
2024 has certainly been a year of war.
Unfortunately, I am entirely convinced that World War III will only intensify in 2025.
Dozens of armed conflicts are currently raging all over the planet, and this is just one of the factors that has pushed global food prices up dramatically in recent months.
The poorest of the poor are being hit particularly hard. Women and children are dropping dead of starvation in Sudan right now, and it is being reported that the famine in that country has now spread to five new areas…
Famine in Sudan has expanded to five areas and will likely spread to another five by May, the global hunger monitor reported Tuesday, while warring parties continue to disrupt humanitarian aid needed to alleviate one of the worst starvation crises in modern times.
Famine conditions were confirmed in Abu Shouk and al-Salam, two camps for internally displaced people in al-Fashir, the besieged capital of North Darfur, as well as in residential and displaced communities in the Nuba Mountains, according to the Famine Review Committee of the Integrated Food Phase Classification (IPC).
Thankfully, people are not dropping dead from starvation here in the United States.
But as I documented last week, demand at food banks all over America is setting brand new record highs.
Nobody can dispute these facts, because they are true.
Let me give you some more facts. From 1984 to 2003, the U.S. experienced about 5 “billion dollar disasters” a year…
There were 97 natural disasters between 1984 and 2003 that cost more than $1 billion. From 2004 to 2023, that number rose to 273. Extreme weather events can affect demand for utilities, threaten aging infrastructure, and result in volatile fuel costs.
On October 24th, Fox Weather reported that the U.S. had already experienced 24 “billion dollar disasters” in 2024…
With the addition of three recent Atlantic hurricanes, the U.S. has experienced 24 billion-dollar weather and climate disasters this year – a near-record number, according to NOAA’s National Centers for Environmental Information (NCEI).
On Thursday, NOAA’s NCEI released its assessment of the global climate, including U.S. weather disasters. Hurricanes Debby, Helene and Milton and one tornado outbreak were added to this year’s billion-dollar weather and climate disasters, bringing the total to 24 events as of October.
This is our new normal.
On average, we are being hit by a “billion dollar disaster” about every two weeks.
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