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You are here: Home » News » Financial News » Our Disneyland Economy

Our Disneyland Economy

July 17, 2017 4:24 AM By Michael Snyder 5 Comments

Disneyland is known as a place “where dreams come true” and where every story always has a happy ending.  But there is going to be no happy ending for the U.S. economy.  Wishful thinking has resulted in one of the greatest stock market rallies in history in recent months, but like all childhood fantasies, it won’t last.  The real economy continues to deteriorate, and we can see this even right outside of the gates of Disneyland.  Every night growing numbers of homeless people sleep on the pavement just steps away from “the happiest place on Earth”.  It can be fun to “play make believe” for a while, but eventually reality always catches up with us.

Without a doubt, the stock market has been on a tremendous run.  Since Donald Trump’s stunning election victory in November, the market has been setting record high after record high, and it is now up a total of 17 percent…

The Dow Jones Industrial Average recorded its 23rd all time high of 2017 yesterday closing at 21,532.  There have been a total of 120 days where the markets have closed since President Trump’s inauguration on January 20th.  The ‘DOW’ has closed at all time highs 23 of those days for nearly 20% or one-fifth of the days the market has been open.  The market is up 9% since the inauguration. 

Since the election on November 8th the DOW has closed at record highs an amazing 40 times!   Nearly one-fourth or 24% of the 168 days the markets have closed have been record highs since the November 8th election.  The market is up 17% since the election!

If this surge was supported by hard economic data, that would be something to greatly celebrate, but that has not been the case at all.

Instead, stock prices have become completely disconnected from economic reality, and now we are facing one of the greatest stock bubbles of all time.  As Graham Summers has pointed out, stocks are now trading at price to sales ratios that we haven’t seen since the very height of the dotcom bubble…

Earnings, cash flow, and book value are all financial data points that can be massaged via a variety of gimmicks. As a result of this, valuing stocks based on Price to Earnings, Price to Cash Flow, and Price to Book Value can often lead to inaccurate valuations.

Sales on the other hand are all but impossible to gimmick. Either money came in the door, or it didn’t And, if a company is caught faking its sales numbers, someone is going to jail.

So the fact that stocks are now trading at a P/S ratio that matches the Tech Bubble (the single largest stock bubble in history) tells us that we’re truly trading at astronomical levels: levels associated with staggering levels of excess.

There is no possible way that this is sustainable, and just like before the 2008 crisis a whole host of experts are warning that disaster is imminent.  One of them is John Mauldin…

Looking with fresh eyes at the economic numbers and central bankers’ statements convinced me that we will soon be in deep trouble. I now feel that it’s highly likely we will face a major financial crisis, if not later this year, then by the end of 2018 at the latest. Just a few months ago, I thought we could avoid a crisis and muddle through. Now I think we’re past that point. The key decision-makers have (1) done nothing, (2) done the wrong thing, or (3) done the right thing too late.

Having realized this, I’m adjusting my research efforts. I believe a major crisis is coming. The questions now are, how severe will it be, and how will we get through it?

And even though the stock market has been surging deeper and deeper into bubble territory in recent months, the middle class has continued to shrink and poverty has continued to grow all over the country.  In fact, because so many homeless people have been sleeping at bus shelters across from Disneyland lately authorities decided to completely remove the benches that they had been sleeping on…

The vanishing benches were Anaheim’s response to complaints about the homeless population around Disneyland. Public work crews removed 20 benches from bus shelters after callers alerted City Hall to reports of vagrants drinking, defecating or smoking pot in the neighborhood near the amusement park’s entrance, officials said.

The situation is part of a larger struggle by Orange County to deal with a rising homeless population. A survey last year placed the number of those without shelter at 15,300 people, compared with 12,700 two years earlier.

But simply removing benches will not make the problem go away.

Homelessness has been growing so rapidly in Los Angeles that the the L.A. City Council actually asked Governor Jerry Brown to formally declare a state of emergency.

And in New York City, street homelessness is up 39 percent over the past year.

This is where the real economy is heading, but a rising stock market makes for much happier headlines.

Many major cities around the nation are passing laws to essentially make it illegal to be homeless.  Forcing homeless people to go somewhere else may mask the problem for a while, but it certainly doesn’t do anything to solve it.  In my new book entitled “Living A Life That Really Matters”, I talk about how real love is not just about loving those that are just like us.  Rather, real love is about caring for people no matter what they look like and no matter what they are going through.

Unfortunately, the economic suffering that we are seeing right now is just the beginning.

Just like in 2008, the major financial crisis that is coming is going to greatly accelerate our economic problems.  And just like last time, millions of people are going to lose their jobs, and millions of people are going to lose their homes.

Homelessness is already worse in many parts of the nation that it was during the depths of the last recession, and what we are going to see during the next economic downturn is going to be absolutely unprecedented.

So don’t look down on those that need a helping hand, because in the not too distant future you may find yourself needing some help.

Michael Snyder

Author: Michael Snyder

Michael Snyder is a former Washington D.C. attorney who now publishes The Economic Collapse Blog and End of the American Dream. Michael and his wife Meranda believe that God is raising up a Remnant in these last days (Revelation 12:17; Revelation 14:12) that will bring in the greatest move of God the world has ever seen and the greatest harvest of souls the world has ever seen.

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TimSisterannScottMVPRev. James B. Medd Recent comment authors
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Scott
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Scott

The economy is going to crash… not just the stock market…the coming dollar crash…low labor participation rate… national debt… homelessness and etc. Better be prepared. Our local homeless shelter is forever full… housing over 250 every night…and it feeds thousands more. I try to give time and money each month to the shelter.

Vote Up4Vote Down  Reply
July 17, 2017 11:19 PM
Rev. James B. Medd
Member
Rev. James B. Medd

Right on Michael. It has been nothing but lies and deception for years.
The disintegration is well under way, and the final explosion is at hand.

Vote Up2Vote Down  Reply
July 17, 2017 10:39 PM
Sisterann
Member
Sisterann

Just found this. Interesting READ.
https://archive.org/details/EnRouteToGlobalOccupation

Vote Up1Vote Down  Reply
July 21, 2017 8:32 PM
MVP
Member
MVP

Those who are awakened will understand the revelation of what is happening in the spiritual realm. Sadly, many are still asleep. You are right in stating that we should not look down on anyone. May we judge or condemn no one for one does not know if he/she will be one of those on the benches outside of Disney land. Please see video on Jim Baker with Cindy Jacobs on youtube: Pray for a healthy economy. It adds an additional insight to what is happening behind the scenes on Wall Street. God Bless

Vote Up1Vote Down  Reply
July 17, 2017 10:41 PM
Tim
Member
Tim

Great link Michael. This is very interesting statistical info.

God is the Author of Reality Therapy. He will prescribe this as needed, as often as needed.

The Bible:
“Blessed is the nation whose God is the Lord”.
“Where the Spirit of the Lord is, there is Liberty”
“Come unto me, all you who are weary and heavy-laden, and I will give you rest. Take my yoke upon you, for my yoke is easy, and my burden is light.”

God bless you.

Vote Up0Vote Down  Reply
July 22, 2017 3:40 PM

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Remnant: The Righteous Remnant Now Arises by James Bailey

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End-Time Studies:

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Faith Builders:

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CATEGORIES:

  • VAS Alliance on The Fate of AmericaThanks for sharing S Renee! Will check it out when I have time
  • Davide on Ascending the Holy Mountain of the LordThanks for this sharing.
  • Anne Chivers on Article – “How COVID Paved the Road to Serfdom”Reading this post: I had pondered another word-post from Glynda Lomax.. it was a repost from Thurs March 28th 2019 and repost on Wings of prophecy just praise him on Jan. 2nd 2021. re A New Communist…
  • Anne Chivers on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneI noticed the same on my computer: logged onto Z3 Thurs am & it was okay.. then noticed for the last 2 days. .what came up on the screen was a blank white page with Black print saying Service unav…
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  • Olga on Maria Conwell: “Today is the day, it’s payday.”Christopher H , to what price did RDD go up in your dream ? At what price mark you plan to sell your RDDs? Would you please share.
  • S.Y. on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneI believe this is all to kill the elderly. Friend who does coding, has been keeping up with the deaths, and she said, the elderly are being hit hard with this v*x. Genocide, pure and simple. @Lori and…
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  • Phil - Sydney on The Fate of AmericaYes - I support Linda's post. You do a great job Elizabeth Marie. I do hope your husband's health has improved.
  • Linda Gallo on The Fate of AmericaI read all your posts also! Thank you for all you do. The truth is what we need to hear, even if it's unsettling. God bless you. Linda
  • william on Maria Conwell: “Today is the day, it’s payday.”James, I have just sent you some rdd. Hope it can have any help to you. Please check.
  • Linda Gallo on The Fate of AmericaI read all your posts sister, Elizabeth Marie, on your website. Thanks for your courage to speak the truth about what God is saying. I try to tell my family the truth, but they don't want to hear it.…
  • Linda Gallo on Major Government Psyop Underway in U.S. National Guard Activated. FBI Memo.Hi expat girl. Thanks for all you do! Isn't Steve Q the guy who believes in aliens and ancient aliens? These guys who claim they have inside information just keep causing more confusion cause they cha…
  • Peggy on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneGood for you Joan keep resisting stay strong in this battle I have posted a video above have your husband watch it , it may help him make his mind up God bless you
  • Peggy on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneThats no coincidence God bless you
  • Peggy on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December Alonehttps://iConnectFX.com/view/cd4a97fc-4b57-eb11-9979-00505682f257 Watch please!
  • Heather Sharpe on Maria Conwell: “Today is the day, it’s payday.”Thank you! I’ll give it a look.
  • PHIL- sydney on Maria Conwell: “Today is the day, it’s payday.”Thanks Todd Great to hear from you. God bless you in 2021 Philip
  • Marcio on Maria Conwell: “Today is the day, it’s payday.”Heather, Many of us, I believe, are buying from Bittrex. You buy RDD with BTC. It has been a good time to buy for a long time.
  • Heather Sharpe on Maria Conwell: “Today is the day, it’s payday.”Where is everyone buying their RDD? I don't own any, and have only ever traded in Bitcoin, but would like to. Looks like a good time to buy?
  • Marcio on Maria Conwell: “Today is the day, it’s payday.”Todd, I would have to weigh in the balance what an unknown friend had in a dream that RDD would go "way beyond what anyone expected" and then layer our sell orders, to what Christopher Harris (with a…
  • Rohit on Maria Conwell: “Today is the day, it’s payday.”Confirmation on RDD taking off may also indicate that BTC upward move may end soon and we can go down from here. Right now, it is looking like we are forming double top in BTC, but we may go up before…
  • Todd Henderson on Maria Conwell: “Today is the day, it’s payday.”James, when I first prayed about RDD, I dreamed about a rocket ship on the ground shaking with its boosters on. It was was shaking greatly, ready to lift off. This was about 2-3 years ago. Just yester…
  • william on Maria Conwell: “Today is the day, it’s payday.”Maria, I remember you also mentioned Tron ( Trx) in the past. Is there any update on this coin? God bless.
  • Joan Adcox on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneExpat Gal. I am amazed at my coworkers who initially refused the vaccine now receiving it??? Only a handful of us remain who still resist. I spoke with a dear doctor who initially refused. They told m…
  • David on Maria Conwell: “Today is the day, it’s payday.”Thank you Maria for the confirmation on XLM, I have been buying this one since last year.
  • Joan Adcox on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneWow Lori, very alarming dream. A few days ago I saw a hawk in my dream and then the next day a hawk flew right in front of me and then hours later I saw a hawk resting on the ground. I looked up what…
  • Deborah on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneIt's a very useful article, but is it certain that this was in fact written and posted former Senator Robert F. Kennedy Jr.?? EDIT: The post first appeared on the Children's Health Defense FB page, of…
  • Bee on Maria Conwell: “Today is the day, it’s payday.”Dang. Is it too late to get into xlm? It's gone up 444% over the past year. Crazy!
  • Deborah on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneAdd 24 more vaccine deaths from a nursing home in Syracuse, NY. In this article: 1. No cv deaths 2. Vaccinations began December 22 3. First cv deaths December 29, 137 cv infections following vaccinati…
  • Bee on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneNetflix posted "Praise S..." On their Instagram this year. Because their show Sabrina says it all the time.
  • LoriQ on Tip of the Iceberg? Thousands of COVID Vaccine Injuries and 13 Deaths Reported in December AloneGod Bless Robert F. Kennedy, Jr. For using his platform and speaking against the poisonous vaccine industry. Thank you Z3 News for posting to edify us and open our eyes further. On a different note, I…
  • David on Maria Conwell: “Today is the day, it’s payday.”I found the post here on Z3 back in February 12th 2018. Here it is: Last month, I got interested in Reddcoin (RDD) after reading a comment posted by Maria Conwell sharing that God showed her it was go…
  • David on Maria Conwell: “Today is the day, it’s payday.”I believe Maria Conwell was one of the people who saw ReddCoin going to $5, maybe payday for RDD coming. I believe we will see the smaller moves first, with the larger amounts some time down the road.
  • Maria Conwell on Maria Conwell: “Today is the day, it’s payday.”The Lord told me to buy XLM in 2017 and then again in 2018; it is His strong recommendation. 🙏
  • Matt on Maria Conwell: “Today is the day, it’s payday.”How about FAZ? We are currently at an unprecedented time with our election, this could greatly impact the stock market
  • S Renee on The Fate of AmericaStella, Rig Nation has quite a few prophecies concerning the UK. Here is an example of one of his prophetic words that came to pass. https://www.youtube.com/watch?v=PLbdOeFdagY
  • Marcio on Maria Conwell: “Today is the day, it’s payday.”Since people look forward to payday, I think this has to do with cryptocurrency, specifically XLM (stellar lumens). I think it is due for a third spike since November of last year, and it could be ver…
  • michael c. on Concerns Surrounding Sterilization from COVID vaccine & COVID-19 Could Cause Male InfertilityHi Expat Gal It sounds like you are saying this is the Mark of the beast if taking it separates you from God for eternity. Is that what you are saying? I am trying to understand. Thank you for all you…
  • Anne Chivers on Concerns Surrounding Sterilization from COVID vaccine & COVID-19 Could Cause Male InfertilityThanks Expat gal- Agree totally with what you have conveyed & typed in your reply. It is becoming clearer day by day that this covid toxin injection 💉💉 is totally dangerous and part of the Beast S…
  • Anne Chivers on Concerns Surrounding Sterilization from COVID vaccine & COVID-19 Could Cause Male InfertilityYes Phil remember reading about that some time ago.-saw news headline with Pete .Evans photo. My husband found this one; https://www.msn.com/en-au/health/medical/21-people-experienced-anaphylaxis-afte…
  • Expat Gal on Concerns Surrounding Sterilization from COVID vaccine & COVID-19 Could Cause Male InfertilityHi Anne - Great comments as usual...You are definitely putting all the pieces together. Yes, the goal is to make us GMO, for both control, profit & claim our “temples” for Satan instead of God. 😔.…
  • Barbara on Major Government Psyop Underway in U.S. National Guard Activated. FBI Memo.Not exactly related- but I wanted to post this . I think we just saw Dana Coverstones Lincon dream fulfilled with the 2nd impeachment.
  • Anne Chivers on Concerns Surrounding Sterilization from COVID vaccine & COVID-19 Could Cause Male InfertilityReading your reply Phil. This is the one I was reading in the afternoon and now watching the embedded video. Sacha Stone .comments in first 12 mins & mentions our Prime Minister situation in UK..e…
  • Phil - Sydney on Concerns Surrounding Sterilization from COVID vaccine & COVID-19 Could Cause Male InfertilityHi all I'll be staying well clear of Vax till at least Feb 2022 and then assessing the evidence. I expect people will be getting very sick by then AND according to the Doctor there is nothing that can…
  • Matt on Major Government Psyop Underway in U.S. National Guard Activated. FBI Memo.Why do you need 20k troops in DC for a virtual event? Military coup using FEMA not the insurrection act. FEMA has the right to suspend the constitution (from my understanding). FEMA has powers to act…
  • PHIL- sydney on Concerns Surrounding Sterilization from COVID vaccine & COVID-19 Could Cause Male InfertilityGreat work Anne. Amazing how Pete Evans (ex MKR chief) has been savaged by the Australian Media. I haven’t followed the whole story but his concerns about the VAX are solid. Has interviewed Drs Carrie…
  • Anne Chivers on Concerns Surrounding Sterilization from COVID vaccine & COVID-19 Could Cause Male Infertility**Expat Gal .have been pondering this Post 11th Jan & others on Z3 for well over 2 weeks; also found many supporting videos ,articles saying the Covid vaccination is not of the Heavenly Father and…
  • Phil / Sydney on Major Government Psyop Underway in U.S. National Guard Activated. FBI Memo.Agreed . Max - This is why keeping personal details personal is wise. I see hundreds of Christians putting photos and private info up on a Facing Book site. Given the times we are facing this IMHO is…

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