This article was originally published by Brandon Smith of Alt-Market.com
Peak Economic Delusion Signals Coming Crisis
In my article ‘The Trump Collapse Scapegoat Narrative Has Now Been Launched‘, I discussed the ongoing and highly obvious plan by globalists and international financiers to pull the plug on their fiat support for stock markets and portions of the general economy while blaming the Trump Administration (and the conservative ideal) for the subsequent crash. Numerous economic shocks and negative data which had been simmering for years before the 2016 elections are rising to the surface of the normally oblivious mainstream. This recently culminated in a surprise stock dive that stunned investors; investors that have grown used to the Dow moving perpetually upward, while the economic media immediately began connecting the entire event to Trump and the “Comey memos”, which likely do not exist.
My position according to Trump’s behavior and cabinet selection is that he is aware of this agenda and is playing along. That said, there is another important issue to consider – the participation of the ignorant in helping the Ponzi con-game continue.
There is a famous investor’s anecdote from Joe Kennedy, the father of John F. Kennedy, about the onset of the Great Depression – he relates that one day, just before the crash of 1929, a shoe shine boy tried to give him stock tips. He realized at that moment that when the shoe shiner is offering market tips the market is too popular for its own good. He cashed out of the market and avoided the crash that many people now wrongly assume was the “cause” of the Great Depression.
I don’t know that this story is true, but if it is, it is an interesting example of peak economic delusion. We do not have quite the same investment environment as existed in those days. Today, algorithmic computers dominate the functions of the stock market, chasing headlines and each other, but this does not and will not save the economy from another depression. In fact, all they have done along with substantial aid from central banks is artificially elevate equities while every other fiscal indicator implodes.
But this farce in stocks could not succeed for so many years without help. I would say the real “shoe shine boys” of our era are actually the dullards in the mainstream financial media, stabbing in the dark and desperate to believe that the astonishing “recovery” since 2009 is real.
This attitude is evident in a recent article published by Bloomberg titled ‘Prophets Of Doom With Too Much Gloom’. The piece focuses not on alternative analysts like myself which are usually targeted with the mentally lazy “doom and gloom” label by the MSM. Rather, the targets are “big names” in the investment world who now finally agree with what alternative analysts have been saying for some time. Names like Bill Gross and Paul Singer.
Bloomberg laments the sudden tide of negative predictions for their beloved Dow Jones and other exchanges from people who have the ear of the larger mainstream. Instead of considering their warnings and looking at the available evidence, Bloomberg instead decides to craft a conspiracy theory in which bond traders and hedge fund managers like Gross and Singer feel jilted by the unnatural rise in stocks and now scheme to lure investors away from the infinite fountain of wealth. Yes, that’s right, Bloomberg accuses Gross and Singer of “stock envy”.
I say, Bloomberg is a modern day shoe shine boy.
Some might argue that Bloomberg is perfectly cognizant of the fact that the economy is in severe decline and that they are helping their central banker buddies keep the public in the dark through misinformation. While this may be true for Bloomberg himself and media elites like him, I think the average analyst at Bloomberg news is just as ignorant of the fiscal situation as most people. I think they are legitimately biased and will conjure whatever story they need to help them and others believe that the system is in ascendance rather than decline.
For those of us who were analysts before the derivatives crash of 2008, this mindset is nothing new. I remember the complete arrogance present in the mainstream just before the implosion; the sneering and attacks that were used in an attempt to silence anyone with the guts to openly suggest the fundamentals and the data did not support the investment exuberance. I remember many people asserting that that the economy’s progress was unstoppable, that another crash like 1929 was impossible, that the real estate market was an invincible engine. They were all wrong, yet, they were so confident. Most of these same people still work in the financial press to this day. Imagine that…
I would prefer to point to the hard data on hand than mere mainstream opinion. Maybe I’m a little paranoid, but I’ve already seen mainstream analysts fail on numerous occasions.
First, consider the fact that the Federal Reserve, the key component along with other central banks around the world in the rise of stock markets, is now cutting off the flow of easy money through continued interest rate hikes. I predicted this move back in 2015 when almost everyone said the Fed would go to negative rates instead. Without no-cost Fed money to feed the machine, stock markets have essentially stalled, and now, there is talk of a “tech dump” on the horizon. With the vast majority of gains in equities the past year attributed to only five major companies, all of them tech oriented, this would be a disaster for stocks.
This is a considerable shift away from the last few years, in which it was expected by many that markets would expand exponentially for the foreseeable future. Now that the Fed’s quantitative easing and near-zero interest rates have been removed as fuel, the true economic picture is becoming clear, even to the mainstream.
According to the Atlanta Fed, US GDP in the first quarter of 2017 has declined to 0.7% , going back to lows touched on in 2014 after the Fed reduced QE.
The US has lost 5 million manufacturing jobs since the year 2000, and this trend has accelerated in recent years. Manufacturing in the US only accounts for 8.48% of all jobs according to May statistics.
102 million working age Americans do not currently have a job. This includes the 95 million Americans not counted by the Bureau of Labor because they assume these people have been unemployed so long they “do not want to work”.
Thousands of retail outlet stores, the primary engine of the American economy, are set to close in 2017. Sweeping bankruptcies and downsizing are ravaging the retail sector, and internet retailers are not taking up the slack despite highly publicized growth. In 2016, online retail sales only accounted for 8.1% of all retail sales.
Oil inventories continue to amass as US energy demand declines. Declining energy demand is a sure sign of overall economic decline. OPEC and other entities continue to argue that “too much supply” is the issue; an attempt to distract away from the reality of lower consumption and the falling wealth of consumers.
Corporate earnings expectations continue their dismal path, suggesting that stock markets have been supported by central bank stimulus and blind investor faith in central bank intervention. The stimulus is now being cut off. How long before investor faith is finally lost?
These are only a few of the MANY data points that paint a very ugly picture for the US economy. The rest of the world is just as tenuous if not worse.
This is why when I hear the phrase “doom and gloom” I have to laugh and think of the shoe shine boys. These are people with limited experience in tracking the economy, or very short memories, or both. This is also the product of a vast misconception about economic crisis or collapse – the assumption that crisis and collapse are “events”, that they happen suddenly and without warning. If the nation does not look like a television zombie drama tomorrow, there must not be a collapse. In truth, economic collapse NEVER happens without warning, because as I have said ten thousand times and will say ten thousand times more, collapse is a process, not an event. The data points above show an economy that is in severe deterioration, not recovery. Stock markets are next, not that stock markets matter much in the grand scheme of things.
It is unfortunate that so many people only track stocks when accounting for economic health. They have crippled themselves and their own observations, and actually condescend when confronted with counter-observations and data. They help globalists and international financiers by perpetuating false narratives; sometimes knowingly but often unconsciously. And, when the system does destabilize to the point that they actually realize it, they will blame all the wrong culprits for their pain and suffering.
The question is not “when” we will enter collapse; we are already in the midst of an economic collapse. The real question is, when will the uneducated and the biased finally notice? I suspect the only thing that will shock them out of their stupor will be a swift stock market drop, since this is the only factor they seem to pay attention to. This will happen soon enough. In the meantime, anyone who discusses legitimate data and warns of the dangers to come is a “doom and gloomer”. Mark my words, one day this label will be considered a badge of honor.
After 8 long years of ultra-loose monetary policy from the Federal Reserve, it’s no secret that inflation is primed to soar. If your IRA or 401(k) is exposed to this threat, it’s critical to act now! That’s why thousands of Americans are moving their retirement into a Gold IRA. Learn how you can too with a free info kit on gold from Birch Gold Group. It reveals the little-known IRS Tax Law to move your IRA or 401(k) into gold. Click here to get your free Info Kit on Gold.
If you would like to support the publishing of articles like the one you have just read, visit our donations page here. We greatly appreciate your patronage.
You can contact Brandon Smith at: [email protected]
Great post, Brandon. One comment tho, where you say “the real “shoe shine boys” of our era are actually the dullards in the mainstream (financial) media.
Please don’t insult the shoeshine boys of this word (sorry! shoeshine people. Don’t mean to be sexist) by equating them with the utterly ignorant, leftist fascist liars in the lamestream media! And yes, the are literally LIARS. Think Brian “I was shot at” Williams; Dan “I found a memo” Rather. Or back to Pulitzer winner Walter “I don’t see no stinkin’ starving Kulaks in Stalin’s Ukraine” Duranty or Lincoln “I have seen the future in the USSR and it works” Steffens.
In many, if not most, cases, the media and the educational system are fascist leftists. That’s not an insult, its a FACT.
Why is it still called “main stream media?”
Recent article reported that more people are subscribed to Netflix than cable tv.
I don’t have cable or satellite. I use Netflix, Amazon Prime and local HDTV.
I get my news from Alt Media on the internet like Drudge Report.
NOBODY i know watches CNN or ABC news or others.
Fox News under Bill Oriley had only 3 million viewers a night. That is less than one precent of the American population.
Nobody is watching the news.
Except the baseball gunman and look what that propaganda led him to do.
JS, same here, but I go to youtube for movies or just pop in a DVD into the CD-ROM. 95% of all news sources in the US are owned by six corporations controlled by the tribe. THAT is your MSM. All the rest are the Alt-Media.
Our economy is fragile, despite the robust “recovery” the media broadcast for the past few years. Numerous economic conditions point to difficult times ahead.
The Federal Reserve has only had THREE interest rate hikes in the past ELEVEN YEARS. Yet, there have been THREE rate hikes since Trump was sworn in as president.
Fed policymakers have indicated there could be ADDITIONAL rate hikes. Why all the frequent interest rate hikes NOW?
The table is set for the next financial crisis. How will multiple rate hikes scheduled for this year affect the economy?
President Obama was able to prop up the economy in the short term, at the expense of our long term economic future.
We also see growing tensions around the world with Russia, Syria, North Korea, etc.
I believe difficult times lie ahead. We need to be prepared.
Watch Janet Yellen Explain Why She Hiked Rates As Economic Data Collapses
—“Collapsing economic data, weaker PCE forecasts (1.7% vs 1.9%), but stronger economic growth guesses (2.2% vs 2.1%) and The Fed hikes rates and doesn’t just maintain its rate trajectory but pulls forward the beginning of balance sheet unwinds.”
http://www.zerohedge.com/news/2017-06-14/watch-janet-yellen-explain-why-she-hiked-rates-economic-data-collapses-fed-press-con
Federal Reserve hikes rates, Yellen takes questions
—“The Federal Reserve on Wednesday raised the short-term federal funds rate and maintained its forecast for at least one more rate rise in 2017…”
http://www.foxbusiness.com/markets/2017/06/14/federal-reserve-hikes-rates-yellen-takes-questions-live-blog.html
Federal Reserve may speed up rate hikes…
https://ca.news.yahoo.com/fed-shift-may-move-faster-pace-rate-hikes-050246940–business.html
In Stark Warning, IMF Finds Over 20% Of US Corporations At Risk Of Default Should Rates Rise
—“In a stark warning, the IMF cautions that the number of firms with very low interest coverage ratios — a common signal of distress — would rise to 22% of total corporate assets should US interest rates post a sharp increase in the near future.”
http://www.zerohedge.com/news/2017-04-19/stark-warning-imf-finds-over-20-us-corporations-risk-default-should-rates-rise
Mortgage Delinquencies Rise Most In 7 Years As Rates Spike
—“Worryingly rates remain high, inflation is surging, Yellen is set for more hikes, and real wages are dropping.”
http://www.zerohedge.com/news/2017-02-15/mortgage-delinquencies-rise-most-7-years-rates-spike
Great Debt Unwind: Personal And Commercial Bankruptcies Surge In March
—“The Fed’s monetary policies have purposefully encouraged businesses and consumers to borrow.
But debt doesn’t just go away. It accumulates.
By now, an increasing number of businesses and consumers are suffocating under this debt overhang in an economy that never developed the “escape velocity” needed – and hyped by Wall Street for years – to outgrow this debt.
Rising bankruptcies are a turning point in the “credit cycle.”
http://wolfstreet.com/2017/04/08/commercial-bankruptcies-rise-consumer-bankruptcies-up/
The debt-bubble landmine Obama left for Trump
—“the percentage of people borrowing even though they have really bad credit scores has surged, reports Bloomberg. It’s now a third of the subprime auto-bond market, up from just 5 percent seven years ago.”
“…this bubble presents a much more direct risk to the economy — and manufacturing jobs. If people with terrible credit can’t borrow an average of nearly $18,000 to buy a used car (what the DriveTime customer pays), the market for used cars collapses.
That, in turn, affects the market for new cars.”
http://nypost.com/2017/05/07/the-debt-bubble-landmine-obama-left-for-trump/
2017 Is Going To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy
http://theeconomiccollapseblog.com/archives/2017-is-going-to-be-the-worst-retail-apocalypse-in-u-s-history-more-than-300-retailers-have-already-filed-for-bankruptcy
Almost 9000 Retail Stores Will Close This Year: Here’s the List of Businesses in Trouble
http://www.theorganicprepper.ca/9000-retail-stores-close-list-businesses-trouble-06142017
The real story is that the man with the shoe shine boy was JP Morgan.
“After 8 long years of ultra-loose monetary policy from the Federal Reserve, it’s no secret that inflation is primed to soar.”
Spoken like an idiot who knows nothing about finance and economics: with no formal education and no experience in the field. The Retail Apocalypse does not support this ignorance. 🙁
The crash will precipitate a tremendous loss of stock equity; representing trillions of destroyed DOLLARS. Companies will go bankrupt representing tens of billions of destroyed DOLLARS. Non performing loans will skyrocket, representing hundreds of billions of destroyed DOLLARS.
Why do you think Buffett is stockpiling cash (DOLLARS). Why do you think major money managers like GUNDLACH are moving to cash (DOLLARS) ??? Cash will be KING !!!
There will be TRILLIONS of fewer DOLLARS in the system overnight. This does not represent an inflationary financial environment; but a DEFLATIONARY one.
Brandon doesn’t have a fucking clue. 🙁
The last Shoe Shine Boy in the Oval Office doubled the National Debt from $10 Trillion to $20 Trillion. And yesterday when Janet (((Yellen))) announce her .25 Point increase saying the economy was going great. LMFAO!!
I guess when you own the money printing presses and you can print as much cash for yourself and all your banker friends that you want or need, Sure the economy is doing great. FN Idiots!!
If you or I printed up phony IOU money we would be sitting in prison.
Collapse mode is here. Looking right at us and the stupid sheeple still don’t know what time it is. You want to know what mainstream America is interested in? All you have to do is look at the Yahoo homepage headlines. Floyd Mayweather versus Connor McGregor in August.
Each one of those egotistical potty mouths gets 100 million dollars a piece! Are you kidding
me? In todays economy, 100 million each? Kiss my monkey ass. I hope its a double knock
out. You couldn’t pay me to watch that bullshit. This is the mindset of mainstream USA.
That, and what rap turd is fornicating with Kylie Jenner. Oh, this country is in for a severe
and brutal awakening. Keep believing everything is chilly willie and puppies and unicorns.
The Fed has already put feelers out there about possibly raising the rates again in 2018.
There won’t be anything left by 2018. Its all imploding now. The weakest links and the
worst states will go first. THEY WILL BLAME TRUMP AND THIS HAS BEEN YEARS IN THE
MAKING. SHADOW GOVT WANTS HIM OUT OF THERE AND THEY WILL RESORT TO ALL
KINDS OF TRICKERY AND DECEPTION. They will use the MSM paid flunkys to steer the
narrative. Oprah just announced she is running for public office. I shit you not. Look for a
Winfrey-Zuckerberg Democrat ticket in the next big election. It only gets worse.
One problem with the leftist narrative about Trump and the plunge.
The ignorant are already against Trump anyway, while the thinking people all know this was set up by Obunger (think of him DOUBLING the national debt, as one example) We also know this is the third longest expansion in history. Intelligent people will NOT be blaming Trump. Of course the question is, exactly HOW many intelligent people are there left? Certainly enough to have gotten Trump elected, but this is a very close shave.
HOW many intelligent people? 337 by my count. Methinks we will have a problem.
In fact there are a lot of smart people; But the more you think the SHTF soon, the more likely you are not to stand up just to be counted.
The sad reality is that the coming economic meltdown will be blamed on Trump when Obama caused it.
Buy gold and silver, it is still cheap.
” I worked my way up from Nothing to a state of extreme poverty”
Groucho Marx
Haha Marxist
I’m Rich B!tch!!! — Rick James
A guy I once worked with, thought he was a BS artist. As he told a broad that he was trying to pickup in a bar, I’m not really this tall, I’m just sitting on my wallet! Trekker Out.
i started out with NOTHING, and i still got most of it left. that’s MY favorite way of putting MY life into perspective.
Kind of like that joke,” as long as I owe you, you’ll never be broke.” Yogi Berra lives on.
102 million working age Americans do not currently have a job. This includes the 95 million Americans not counted by the Bureau of Labor because they assume these people have been unemployed so long they “do not want to work”.
Apparently they do not want to eat either???
Come on this is just stupid.
It is just the white man keeping these people down.
White privileged.
I am still smiling that Kath Griffin is now unemployed.
JS, I’m also happy to see that commie bitch suffer but there’s NO such thing as ‘white privelege’.
I hope she doesn’t get a job in her ” chosen field” again. Maybe a dishwasher in a high end restaurant.
trillions in taxpayer funded unaccountable govt employee labor union salary & pension unfunded liabilities debt
Great sentence structure. Did you attend Detroit public schools?
I’ve got a sure fire business opportunity.
I’m going to Washington DC and sell tire patch kits outside the FBI for fixing them darn leaks.
It can’t miss, psssssst, got leaks?
My checkbook data points to extreme poverty
You are looking at the wrong checkbook. Become a democrat and you can start using other peoples money!
I posted this yesterday.
More signs the Economic Crash is already here.
**Illinois is BANKRUPT!! Flat Broke and OUT of Other People’s MONEY. The State of IL sends a Letter to Road construction Companies to Halt ALL Road Construction July 1st. IL Is Flat Broke and in the arrears $14.3 Billion.
As Illinois’ bond rating careens towards junk, Illinois Unpaid Bills Jumped to $14.3 Billion. Today, the state told contractors to halt roadwork other that required for safety. Link: ht tps://mishtalk.com/2017/06/14/unable-to-pay-bills-illinois-sends-dear-contractor-letter-telling-firms-to-halt-road-work-on-july-1/
Chicago just raised Property taxes by 10%+ more. lol There is a negative Growth pattern in Chicago as more people are moving out of Chicago, than moving in.
Last idiot to leave in Chicago, there are no lights to turn off, you already have been disconnected.
**RETAIL SALES CRUSHED: Retail Sales Dive (And It’s Not Just Autos)
06-14-2017 • mishtalk.com by Mish
***I hope all of you Preppers are working your Plan and are already out of the Cities, and into the Country, setting up your fully self sustained BOL Homestead all OFF THE GRID. Solar, Water Well and Septic are the main infrastructure projects besides your Shelter and a big shed for tools and an out building for Farm animals.
Powerball and MegaMillions lottery slated to pull out of Illinois at the end of June.
Powerball is pulling out of Ill. also. Go figure.
I live in a collar county south of the Windy City…this governor, a Republican and former businessman, is being held hostage just like the current POTUS…no budget, nothing getting done…meanwhile, south of the city, taxes continue to climb….and people are leaving…the only ones I see coming here, and I might be wrong, but look like they are new to the USA…..
Me – How come our checking account is over-drawn?
Ex – I lost the check register.
Me – That makes no sense. We are over-drawn by twice my pay check.
Ex – Well, when I couldn’t find the register after spending the money I got a new one and started over with your last deposit.
True story – 1980 something.
Plan, are you selling franchises or need a business partner?
This guy is right except for this:
“Now that the Fed’s quantitative easing and near-zero interest rates have been removed as fuel, the true economic picture is becoming clear, even to the mainstream.”
The Fed is still supporting with QE and that is not likely to change until December and even then, it may not start lessening its injections if the economy shows it can’t handle it(which is dam likely considering the US economy is barely above contraction now).
And a 1% raise in rates will not crash the economy either, although a recession is likely with even a 1% raise.
But I do not disagree we are in the midst of a collapse. I would imagine many years or decades from now, they’ll be calling from 2008 to whenever there is a real recovery; was a depression.
a good economy usually supports a 6 to 8 percent interest rate, but with the trillions in constant revolving federal debt, just raising the rates a few points will kill the government.
Great! We could use a bunch less government,
The Fed is not supporting with QE, that’s why stocks are now stagnant and every other part of the economy is crashing. Plus, the system is so dependent on low rates that even a 1% increase is enough to kill the whole machine. You are living in la la land.
Hidden by the news of the DC libtard shooter, the Fed stuck in another rate hike to insure the economy doesn’t improve for Trump. This is the third rise in interest rates since TRUMP won the election. For an economy that has shown no growth, and no inflation, this move is unprecedented.
Looks like the Fed wants to show people who’s boss!
Gold and Silver are under attack, today, if this continues it could be a great buying opportunity. There are rumors of a black swan hit on Gold coming out of China in the first week in July. Regardless, if PM’s drop more, buy on the bargain if you are able.
I hope trump ends the fed
The FED was considering putting Trump’s picture on the 50 dollar bill but they couldn’t find any orange ink for the hair!!!
Good post, PTPO. I believe Trump can replace fascist leftist Yellen within a year, if memory serves.
reality is Trump can;t fire anybody. He fired Comey and look what has happened.
The swamp will never be drained.
I think Trump is going to let the economy crash on Yellens watch… Cause if he replaced her and then it crashes, they will blame Trump. I think Trump will initiate an investigation of the Fed, declare it Loan Sharking, and illegal and Fraud, then Charge the Fed Back, and wipe the entire national debt off the books, and replace the Fed with a New Dollar void of any Fed intervention. Trump just needs to double up on his personal security. JFK tried this with EO-11110. With Silver Certificates to compete with the Fed Reserve IOU Fraud Notes. They wacked him, and he did not even see it coming. Oh we are going convertible today? Cool!!
Saddam , and Kadafi tried to get rid of the central banks.
Trump needs to hang out in better protected areas like Camp David or his own Mir-A-Lago.
He should travel less. His security detail should be quadrupled and as airtight as possible.
Putin was right about suggesting that intelligence agencies ( ours ) may have had something to do with JFK’s assassination. Some would say thats all moot now before
understanding what he was implying. Deep state shadow govt. existed then as now. That
man is no dummy. He put that out there for the entire world to know.
Stores are slashing prices and it’s not even summer clearance yet. Mall stores having constant sales and parking lots are full. Why don’t these experts have a freakin’ timeline for this collapse so people can get their money out of brokerages and banks? I have heard about this for forty years thru newsletters and books published in early ’80’s. Experts then predicted stuff that didn’t happen, and this is why even patriots scoff at all this financial collapse info.
I had the displeasure of walking through the mall the other day. I took notice that people were not buying anything. They were there just to hang out. Lots of groups of teens and kids running around.
Kids today don’t have any money, they spend it all on their cell phone bills. Another reason retail is dead.
They also have no money because they dont have jobs,,, beaners and other turd worlders take all the part time gigs kids used to fill
laura ann, what is different this time, is that the Government debt bubble is THE LAST BUBBLE. National governments are the only entities that can take on Trillions in debt (i.e. grow the Ponzie scheme; if the ponzie scheme does not grow at a certain rate the entire thing will collapse, when they cannot service the debt the collapse will spread from one entity to another, the loses will be beyond repair. Debt has permeated every level of government and business.
Laura, when I was young there was a Savings and Loan crises that hammered the system. S&L’s were tiny but the losses spread from one entity to another. Penny stocks almost collapsed the Stock Market back in 1987. Penny stocks are small potatoes.
This time IS different!
Laura Ann, it seems that there’s too many Michael Snyders out there crying ‘the sky is falling’. I think I’ll have Chicken Little for supper, LOL!
Braveheart, its all happening in real time. Mikey Snyder has been banging the drum for a long time for good reason. Zero Hedge and X22 Report are dead on. Its here and we are in
for a hard landing. The system is coming down fast. The Fed is bringing it down because
the bag of tricks has played out almost all its options. Look for events and false flag types
of scams to bottom it out. In baseball terminology, we are in the bottom of the 8th or top of
the 9th inning. God help us.
Adolf Hitler did what Germany needed and got the cause of Germany’s financial collapse by the balls. He put Lional Rothschild in prison. He defined the goals of his administration by 25 tenets.
He made no bones about his analysis and prescribed the cure.
No man but a German by blood can be a citizen.
No 3ew can be a citizen.
All aliens who recently immigrated must leave, now.
All war profiters are traitors, and their profits will be confiscated.
Compound interest on loans is illegal.
No noncitizen may own a newspaper (before television).
And a few more..
No speculation. Only profit from work.
Make the middle class strong.
Profit sharing in big business.
Increase old age pensions big time.
Outlaw child labor.
Help small business and small trade.
Gymnastics and Sports in school.
Finance education of gifted children in poor families.
Teach civics in school.
Establish clinics for pregnant women to insure healthy children.
Teach girls to be good homemakers.
Teach practical subjects including the trades.
End speculation in land (no “gentleman farmers”)
Honor the dignity of work including manual labor and farming.
So way to go. While America suffered under the yolk during the “Great Depression”, Germany prospered.
We, in America, can tremble in fear as to when financial collapse will rob us of everything; or we can cut out the Cancer.
__
Great Post B of CA. I cut and pasted that in to my files of info. You never see the defeated of great Wars write the history books, do ya?
These similar distorted History themes play out from WW2 as it did with the US Civil War.
The Winners of the US Civil war said the Civil war was all about Freeing the Slaves.
WW2 Was all about Gews in Concentration Camps. Total BS.
Both distorted Big Fat Lies. Both Wars were about Economics.
Destroy the country so you can buy up the land cheap, and get the starving survivors to rebuild it for you for food?
Spoken like a true believer in communism!
B from CA,
We crossed swords last week and went pretty hard at it too.
That said, I am not above giving credit where credit is due.
What you have outlined above is absolutely correct…..100%, and more people need to be made aware of the FACTS you have outlined regarding history.
Your post could not be improved….well said.
Keep throwing out the right jab.
Nuke em Duke,
East Coast, Australia.
Do not cross swords with people; it’s hard on the blade. Go straight in, point slightly up
“Adolf Hitler did what Germany needed”
and that success lead to a German Holocaust
“The Morgenthau Plan”
so, if history repeats itself………..
And look at them now! Going down the toilet along with all the other politically correct morons.
I don’t think people understand that they are printing more money then needed to replace old bills. That means your money in the bank will buy less. Your pension will buy less ,your paycheck will buy less. They are probably subsidizing companies to keep prices down . Ten years ago many things that cost one dollar now cost two. That means you took a 50% pay cut. They need a catastrophic event to cover their theft . Much of the trillions probably went to stocking their bunkers. Preppers survive.
When it blows, she will be damn ugly my friend…
Ha shoe shine boy. Reminds me of goodfellas now go get your shine box.
With all that is going on,I actually prefer an economic collapse
Your wish is on the verge of coming true. Don’t change that station!
Inflation in the future? Food prices have been steadily rising. A couple of years ago Lay’s potato chips weighed close to a pound for family size, now 9.5 ounces at a higher price fried in canola oil, another gmo product. Potatoes were very cheap in the recent past. Many foods full of glyphosate like most cookies, crackers and cereals, even some organics. The FDA a wholly owned subsidiary of big pharma can’t be stopped, sicken the population and reap the billions with dangerous toxins in pill form. Tell me corrupt capitalism is not Americas enemy, sold out and dumped by the wayside. The people have lost their voice, are laughed at and ignored to stack more profit. This government is pure evil.
Stop smoking that wacky weed! I have been in business, for 40 years. It has rarely been this good. Went to full speed after the election, and has not let up. Only getting better, and better! Thanks Donald!
You’re an idiot. Every indicator is going negative. They are pulling the plug. Trump can do nothing, even if he wanted to.
Joseph P. Kennedy was the guy getting his shoes shined when he got the stock tip.
[In the winter of 1928, he decided to stop to have his shoes shined before going to his office. When the shoe-shine boy had finished, he suddenly offered Kennedy a stock tip, without having been solicited to do so: “Buy Hindenburg!”
Kennedy is said to later have told people that he sold off his stock market positions shortly thereafter, as he was thinking: “You know it is time to sell when shoeshine boys start giving you stock tips. This bull market is over.”]