As time goes on, it’s becoming abundantly clear that Trump isn’t going to be able to prevent a major financial crisis in this country. Depending on your beliefs, that’s either because he’s inept in some way, or because he’s being hamstrung by a political system that’s determined to keep our nation on the same unsustainable path. Whatever the case may be, it seems that there is no way that we can change course at this point. We’re headed for a financial crisis, and it’s going to happen sooner rather than later.
That’s also the opinion of David Stockman, a former Congressman and director of the Office of Management and Budget under Ronald Reagan. In this interview with USA Watchdog, he reveals why the market rally that broke out after the last election, “was the greatest sucker’s rally we have ever seen.” He also explains why the economy could go off the rails this year, after our government endures a major budgetary crisis.
Earlier this month our government avoided a shutdown, because Trump decided to sign Congress’s $1.2 trillion spending bill. In effect, he postponed a serious fight with Congress for later this year.
On May 2nd he tweeted “Our country needs a good ‘shutdown’ in September to fix mess!” So clearly, next time he’s going to be a lot less compromising in his efforts to change the budget. That’s going to spawn a fight over the budget between Trump and both political parities, and according to Stockman, that’s when the next wave of our financial collapse is going to arrive.
“There will be no bid for the stock once the panic sets in. We’re going to hit an air pocket. The S&P 500 is going to drop by hundreds and hundreds of points sometime over the next few months as we drift into this unexpected crisis. . . .
I would target sometime between August and November because that’s when the rubber is going to meet the road on a debt ceiling increase when they are out of cash. Washington is going to end up in vicious political conflict over what to do about the debt ceiling. . . . It is going to be one giant fiscal bloodbath the likes of which we have never seen.”
That “fiscal bloodbath” is going to be the first domino to fall before the stock market and the bond market crash, both of which are extremely overvalued.
“The main thing is get out of the markets. These markets are unstable. They’re rigged, and there is no reason to own stock at this point of the game. It is so overvalued. Maybe you can get another two or three percent up, but you are facing another 30% or 40% down…
…The bond market is one giant bubble because the central banks have been buying all these bonds worldwide. They’ve been buying trillions of dollars’ worth, and they are still buying a trillion dollars’ worth on an annual basis. All that is coming to a halt…
…The central banks are finally getting to the end of the road. There isn’t going to be any more money printing, and that is going to leave a giant mess on the doorstep of all the fiscal authorities. It’s going to make the bond market a particularly dangerous place. There is a $100 trillion global bond market, and this is the biggest bond bubble the world has ever seen.”
When this happens, Stockman believes that the only thing that will remain standing is gold and other physical assets. Make sure that you’re prepared for it because a financial collapse is going to happen and everything that only exists on paper is going to take a hit.
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america(ns) will always do the right thing……but only after exhausting ALL other possibilities!
America never does the right thing. They do know how to play the blame game.
Propaganda has gotten so bad I canceled my dish network. I can’t watch news anymore because all they do is hate on Trump, they don’t report any news.
The television shows are so full of propaganda that my kids blame everything on global warming and guns. You can’t just enjoy a good tv show. The tv shows are so radicalized it makes me sick. I just want to be entertained, not preach at.
So, no more dish network. I am tired of funding liberals.
I see a CIVIL WAR COMING VERY SOON.
Exactly. I cancelled mu cable – too much brainwashing coming out of the boob tube.
Good on Ya !
http://www.downtoearththinking.com/citizens-take-back-america-.html
http://www.downtoearththinking.com/cogdis-and-normalcy-bias.html
http://www.downtoearththinking.com/the-war-against-donald-trump-.html
“In this interview with USA Watchdog, he reveals why the market rally that broke out after the last election, “was the greatest sucker’s rally we have ever seen.”
A lot of “suckers” made A LOT of money since the election in the TRUMP BUMP. Most of them were NOT in Junior Mining Stocks.
Just saying it’s about time for Daniel to reemerge after reloading on OPTIONS and goose this community with a new propaganda campaign for silver, gold, and junior mining stocks.
In 3 … 2 … 1 … 🙂
BTW, I think Stockman is spot on with the time frame. Some of you may remember that I mentioned here a week or so ago that I asked my sources when “SHTF” would occur.
I was told “SEPTEMBER”. (Yeah, its in the archives).
SUBSEQUENTLY government refinancing has been kicked the budgeting process down the road until October 1st and TRUMP appears to be in favor of a government shutdown at that time.
A second carrier strike force has been ordered to the Korean Peninsula. A third may show up (Nimitz) within thirty to sixty days, but experts believe that ONE carrier group is enough to destroy N Korea.
If TRUMP waits to strike N Korea in September,the NWO will get on board with his budget plan; or TRUMP will have the authority during wartime to do what he wants. He has already briefed 100 Senators who are necessary for a legal ‘Declaration of War”; but as we know, approval is not necessary.
“Hostilities on the Peninsula are only on “PAUSE”. No peace treaty has ever been signed. 🙂
Got your 5 G’s and 2 S’s in Place for the Crash?
-Ground – Your Fully paid off BOL, off the Grid and remote in the Country
Check x
-Grub – A year or 2 of Food Supply. 5 years is even better. Check x
-Gas – Yep as much as I can store – Use PRI-G for Gas or PRI-D for Diesel – Check X
-Guns – Got plenty of Guns and Plenty of Ammo to feed them. Ripped off 50 rounds of 9MM yesterday on the property for the fun of it. Neighbors also ready to go and defending our area. Check x
-Gold – I am skipping the Gold and sticking to Silver as Silver will be more commonly traded for goods and services. I am skipping any sort of Crypto Currency such as BitCoin, because if the Grid fails, so goes all your digital crypto currency. Poof into thin air gone!! If you can’t hold it in your hand you don’t really own it. Check x
Got your 5 G’s and 2 S’s in Place for the Crash?
Then what…..
Preppers…. A funny lil bunch…
I don’t mean to sound cynical, but over the years on this site I have read more of the same – Another market crash with given dates, that never comes to pass. Thank God for that. – I guess it is good to be informed, but I live my life to the best of my ability, and try to look at nature and appreciate what I have, and what I have around me.
Actually there is a market crash, every time you pick the wrong stock.
Upstate,
Yeah, I was sure ’08 was it. Was a little concerned about Y2K but not much. Have know since watching the riots in the 60’s what was in store once reality & mathematics would exert themselves on our artificial reality fiat money system….
Like you, I step back and appreciate the delays. Who wants Armageddon…? But David Stockman is no guru, doom & gloom newsletter subscription seller; as far as I can see. I remember him well from his days in the Reagan administration. Had a high opinion of him then and still do. No, I think he’s on to something.
Keep your powder dry.
Slap
The Crash already happened in 2008, since then it has been propped up on printing a whole lot of IOU money out of thin air and phony propaganda. When the music stops, those who are holding all cash will not find a seat. For those with the 5 G’s, Ground, Grub, Gas, Guns and Gold or silver, it will be a small hiccup, ho hum.
As a software developer in the 90s (and since) I saw about midway through ’99 that the Y2K thing was going to be mostly a nothingburger. But if it hadn’t gotten the early attention it needed, it sure could have been ugly.
I “woke” to the need for prepping in about ’06 and about ’07 set my over/under for “the big reset” in about 2015. I’ve been appreciating every day since then. It may be the best time of my life, and I’m treasuring every day I get with my daughter as she grows up, because I’m afraid of what she’ll have to live through.
I’m trying to teach her to appreciate things the way I do, but she’s 8…how could she possibly understand? So I’ve got some years of protecting and being responsible for her well-being ahead of me. I’m actually glad it’s me and not her that will have to figure this out…hopefully by the time she has her own kids we’ll be on the other side of the worst of it and she’ll be able to enjoy her life a little easier.
By the way, apropos of doom porn and prepping, the computer date/time problem that will hit at 3:14:07 on Jan 19, 2038 probably has a much bigger potential for disruption than the Y2K thing, if only because it is less known and less well understood. You might want to Google it. If there is a kind and just God I will be retired by then and living on a boat in the Caribbean, but I still think I will plan to be anchored in a lagoon on an uninhabited island at that time and watch from a safe distance, just in case.
I wouldn’t worry about your daughter, they seem to figure it out for example my daughter at 17 robed me of $50,000 in coins and moved in with her boyfriend and now she has flunked high school and has venereal diseases.
They don’t all go bad , but far too many. Did she get any spankings growing up ? From my observations the kids without any good boundaries are the ones that go to shit and never recover.
I meet young people quite often who see thru all the bullshit and are not consumed in the many illusions and they are always raised by parents who gave the right boundaries and simply told them the truth and lived by it. I hired a kid recently to mowe my lawn who is 18. He was home schooled and has his head screwed on as good as anybody and sees all the BS. So it is not a complete loss of young people. I also get them at my site quite often, 18-30, who are attracted to the simple truth in a straight forward format.
What do you mean it never comes to pass????? 2008 financial crisis was only 8 years ago. Do you remember when trillions were lost in the stock market and housing market? I mean how old were you when the 2008 financial crisis happened? 4 years old? And don’t remember it?
And all they have done is re-inflate the bubble again and it is now bigger than the housing bubble and NASDAQ bubble combined. And all they have done is give a heroin addict more heroin addict.
Here is the problem with people like you……and there are TONS of people like you on comments sections who say “blah blah blah I have been hearing this for 5-6 years now how there is going to be a collapse….
The problem is people like you have absolutely zero perspective and think that 5-6 years is a long time. IT ISN’T a long time. In the grand scheme of things 5-6 years is a NOTHING time frame. Especially when the Fed and the dollar being the reserve currency is able to manipulate things.
I also remember when it came back in short order and went roaring forth to ever new heights with those investing in it, even through their 401(k)’ making a fortune from it.
It wasn’t a “collapse” at all, it was a reset on the way up and those that realized it wasn’t a collapse made a great deal of money from it while those that believed it was a collapse of the system lost what they had by selling out at the bottom after they bought at the top (the norm for amateur “investors) and failed to gain from the massive return of both the Housing and Stock markets.
Nothing goes straight up or straight down, it is always a jagged line slanting one way or the other.
Yes, I missed BIG opportunities to get rich. But I screwed up and listened to Celente. I could be retired now if I wasn’t a coward.
And how does the massive debt created play into what we see today ? If we consider that debt have we actually gained anything and are we ahead of anything or is it all just numbers on a screen ? If a person was smart enough to cash in, then yes they could have gained. But most are not and just got sucked in again and will continue to do so until that screen shows all zeros again and it will !
I would say this environment is the perfect time to play some options, take your profits, reload and do it again until you can’t. Stocks are a very bad idea and far more risk and upfront cost. Just watch for the good setups and be patient.
Two quotes come to mind: A recession is when your neighbor loses his job; a depression is when you lose YOURS. And, as Yogi Berra said, predictions are hard to make, especially when they are about the future.
Better to be a year early than a day late. IMHO, we are in, as Doug Casey calls it, the greater depression, that is just papered over. AIG, GM bankrupt in 2008; Bear Stearns, Lehman gone? How is that not a disaster? 50mm on food stamps, 100 mm not working, a massive percentage of 30 yr old men neither working nor married, nor prospects for such, and living in mommy’s basement. It is also true that this is one of the longest expansions on record, and trees don’t grow into the sky.
Not sure if a slow motion train wreck is any better than a quick one. I know these doom and gloom predictions are annoying, but I do appreciate Stockman putting a date on this, so he’s putting his money where his mouth is.
It is also true that they call economics the “dismal science,” as everything always looks horrible. But there ARE times like 1929, 2000, 2008, there ARE Venezuelas, implosions of the USSR, etc- and if you are just sitting watching DWTS when one of those things occurs, you have lost everything.
So I appreciate these types of articles. I temper it with the realization that no one has a crystal ball. Eternal vigilance is the price of freedom said one of the founders. I apply this to my economic well being as well.
I hope Stockman is wrong. But I am glad someone with strong credentials makes his case. Caveat emptor
Seems to me we already ARE in a depression
agree most people do not realize the USA actually defaulted back in 2007-08. It was clinched when H Paulson insisted on the bailouts to start and of course BHO put it all on steroids shortly thereafter. You are quite right it is all about perspective and fully grasping what happened and why. We are now setup for a RESET of some sort and most people think that the insanely overvalued stock market is a good thing ? HA HA HA HA HA. What happens when all those paper profits are vaporized overnite ?
yup, its time for the annual “bad things will happen in September” stuff again.
Michael Snyder’s kid again? HO HUM, back to sleep.
We need an article that pinpoints the date and time Jesus is returning.
It would be more accurate than these market crash predictions.
Yea , I was thinking the same thing. Even a broken clock is right twice a day.
I agree one hundred percent.I stay informed and decide from there.
Been hearing this for years.
Yep! I lost a million dollars yesterday, the price of hogs went up and I didn’t have any. Trekker Out
The use of the word bloodbath is telling. The creators of this mess want to put such a financial strain on the people that blacks riot and kill cops and kill whites. The prediction that there will be a bloodbath is really their purpose and part of their plan.
__
Fiscal problems and a market crash wouldn’t affect the Black’s.
Most of them outside the educated class (which is the overwhelming majority of them) probably wouldn’t even be aware of it in the first place and would probably consider it just “whitey” getting what he deserves if they were since it didn’t affect them.
The educated and productive class of Black’s would be affected, the same as you and I, but they aren’t the ones that riot and kill anymore than we are.
Off Topic:
Traitors are taking down the statue of one of The great heroes of the United States of America, General Robert E.Lee.
Lee married the great grand daughter of President George Washington, with whom he had seven children. General Lee was adamantly opposed to slavery, which he considered evil.
General Robert E. Lee put down an insurrection (lead by John Brown) in one day. So, General Robert E. Lee was asked, by President Lincoln, to lead the Union against the Southern succession. Torn between love of Country and love of his home State of Virginia; Robert E. Lee turned down an opportunity to lead the powerful Northern States against the secessionist Southern States.
Although out numbered and out gunned, under the command of General Robert E. Lee, the South put up a long and valiant fight against the invasion of the South by the North.
The taking down of this monument, which is planned for today, is proof that our Country is run by an alien entity. America is under the control of a Communist Zionist Banker Gangster Oligarchy who is using the African American as a battering ram against the Western Culture that made this Country great. All who participate in this are traitors worthy of our contempt.
Whether we are from the North or the South, the East or the West, we are all Americans; and this is a disgraceful cowardly and treasonous assault against American culture, and an attempt to erase history.
__
WELL PUT, B!!!!
. . .assault against White America. . .there is no other America. . .all others- GTFO!
In Fairfax county,Va. they are trying to rename JEB Stuart High school. Just down the street where I went to Robert E. Lee High School they are trying to do the same. If this is accomplished what is to prevent them from doing away with anything having to do with Washington or Jefferson because they had slaves? Our history,good or bad is being erased.
Those who will get crushed the most are those Working stiffs, who don’t have time to pay attention to the real economy, and they dumped all their wealth and life savings into the Ponzi 401K scheme, for some pie in the sky magical retirement plan. The will see their balances drop to about 15% of what they thought they had on paper. Many will commit suicide as they will not have anything to fall back on as a safety net such as the 5 G’s.
definition
Working stiff- a gigolo
Sorry to say, you are right about the 401K’s, UGMA’s, IRA’s, etc. I used to market quality Mutual Funds and was Security Licensed about 15 years ago, but got entirely out of Stocks and Bonds, and now invest in “Metals.” Not many folks listen to me — but that’s OK, too. Few listen to the Gospel of Jesus Christ, or the KJV Bible, either. My humble Blog: TOM’S JOURNAL. My email: [email protected] –Disabled Vietnam Veteran: 68-70. “Let not your heart be troubled.” –John 14: 27.
Crashes are no problem to fix. A few magic tricks with fiat currency ( The money Sorcerer can always create a few billion in the ledger with his wand, err , I mean pen), thus indenturing future generations well in into eternity.
What happened to his March 15 crash? He has successfully predicted 12 of the last 2 recessions. Now, he is taking advantage of normal market cycles to scare people. 80 percent of Septembers are down months. The second year of a president cycle is a down year. Bloodbath is his hope so he can claim he predicted it. Every where I look in politics, all I see are nuts.
Well B,then seems appropriate that one has lists of these creators/their minions ect. and if it comes to itmake them and their ilk be the donators of the “bloodbath”,seems only fair.
That said certainly hope it never gets to that point,hope I never get a flat tire either but have a jack and spare.
WHAT YEAR?
The thing is, we all know it is coming. We just don’t know when. Hey, life is a gamble. You may not wake up tomorrow. All anyone can do is the best they can.
Fixing dates and times is useless. It’s coming. That is enough to get anyone motivated….If they want to be prepared.
https://www.youtube.com/watch?v=psQRhKjAEI8
OK so I couldn’t help bustin’ out laughing at the protesters getting decked by that awesome water jet. Don’t wanna get sprayed? Shouldn’t have turned your rifles in. One or two men with rifles would have stopped that from happening. If all of them were armed they probably would still be dry.
Those riot control vehicles used in Venezuela are light armored. No one is stopping them with basic American hunting rifles, or an AR.
It would likely take Winchester 300 or better, better have a Lapua 338 or 50 cal.
There are other solutions that can be found in military manuals for improvised weapons.
pretty sure thats not what he meant. I would venture to say that his meaning was if the guns had not been turned in then the water cannons wouldve never been set loose. And contrary to those manuals implication, even though the chem seems basic most folks couldnt create the chem mixtures to produce enough ummph to take out even a lightly armored vehicle, let alone get close enough for it to do any good, nor implement a coordinated attack to take one down…
True.
Simple solution with armor is to take it out where it’s parked at night or refueled. A bag of thermite on the hood over the engine makes it a really big paperweight.
10 9 8 7 6 5 4 3 2 1 ?????????
Stockman said holy hell would break loose around March 15th. Didn’t happen.
Keep predicting the end of the world and sooner or later, you will be right!
Is Stock-man his really his real name?
The only real concern, come spending bill time, is whether they will keep imagining more money into existence.
It is worthless money, not necessarily backed with any collateral, nor guaranteed to retain it’s spending power.
There is no reason to expect any of that worthless fiat, currency (aka scrip, chit, notes) unless someone has obliged themselves, legally.
On closing, some interesting words have been excerpted, for your enjoyment — catastrophe, shut down, blood bath, crisis, hamstrung, unsustainable, off the rails, collapse
Invigorating, like morning coffee.
Yes but you forgot teotwawki, Armageddon and end of days? But that happens to everyone in a nursing home.
I have heard this every year for about 10 years now. Put your prediction in Mid-May so no one remembers it in Oct. Nov.
Just another buy Gold commercial!!!! If is going to get that bad wouldn’t he be telling you to head for the hills?
Sgt.
Sgt, I have and idea. Why don’t they just print more money and set the interest rate to whatever they please. Man am I smart. Things will only kick off when the controllers allow them to kick off. We are such sheep and so phucked.
“G”
YEP!!!!!!!
Sgt.
The big secret is that Congress can issue debt free currency anytime they want to. The truth is we don’t need the privately owned central bank called the Federal Reserve. Congress is the only Constitutional authority to coin money and set the value thereof. Just imagine where we could be with 20 trillion dollars of debt free money. Of course the banking oligarchs would have to do without. Instead we do without. The Federal Reserve Act is basically unconstitutional and was rushed through a depleted vacation longing House just before Christmas. Their modus operandi has not changed much. In addition to timing they bury them in funding bills these days. We must ask the question, why do we let the Federal Reserve do this?
Yes, it would only take ten years to replace the current monetary system. I can’t wait?
Well, ain’t that what economic system is now, a tool of control. They turn the heat up when you don’t jump high enough for them.
The Central banks and tax collection go hand in hand, i.e. IRS.
All about work output. When you file the 1040 form. They take payable hours from us. They don’t pay us, they threaten.
We self report our yearly activities to them and no search warrant needed.
On face of it.The 1040 form violates the 4th amendment.
The crashes I believe are used to disrupt and unsettle the population, keep us on the move. No community, no chohesiveness.
I have heard this every year for about 43 years now [true]
Yes going on 50 years for me
Iron Maiden warns us to run to the hills:
http://www.youtube.com/watch?v=86URGgqONvA
Just posting this again for reference:
There are two major traditions in Western political thought. The first is Aristotelian, logical, rational, centrist, mechanistic. You concentrate power and truth in the centre and apply it outward, shaping the world according to plan.
This was the guiding principle of the Roman Empire. It evolved into the Holy Roman Empire and the Church of Rome. Except for Switzerland, it has dominated politics on the continent ever since. Most recently, it has morphed into the European Union.
The principle is simple – smart people can figure out how to run things, and should be allowed to do so. This was the idea behind Hillary Clinton’s health care task force (and now ObamaCare), as well as Japan, Inc. and even Adolph Hitler’s National Socialist Germany. It has animated nearly every politician (each one of whom, as Garrison Keilor notes about Lake Woebegone children, are above average) in this century.
But there is another tradition that is much less well understood. It is the tradition of the Roman Republic… of English common law… of Adam Smith and Emmanuel Kant… of Austrian School economists such as Ludwig von Mises and Friedrich Hayek and of pre-Rooseveltian American. It is organic, rather than mechanistic – the tradition of tradition, based on the recognition that people, no matter how smart, cannot replace thousands of years of accumulated experience (remember the “best and the brightest” who led the Vietnam war? Or, wonder where the radical homosexual power move is going to end?)
Experience is embodied in the evolved systems of values, customs, rules and traditions that people use to order and give meaning to their lives. A free market and a free society allow people to express these preferences, as well as allowing the process of social and civil evolution to continue. This tradition, in other words, is neither liberal nor conservative in the modern sense, but anti-political. Indeed, it is often seen as “anti-intellectual” because it denies the authority of intellectuals to tell the rest of us what to do (through the political process).
Fleet Street Letter, page 6, date unknown!
a big mistake- centralized state is from Plato, the first commie
One would think that millions of disgruntled Americans will take to the streets protesting the obvious disconnect between “leaders” and those being led into financial ruin. The push back is weak and nearly nonexistant. American’s are so freaking easily played, happy to grin and bear whatever deceit is dished out by complete liars. The police state is all encompassing, killing any threat to their control. Man’s advancement overall is sharply curtailed to keep everyone marching lockstep to the poorhouse. See any reversal to sanity winning out?
That is when most significant crashes have occurred during that time frame.
So, should not bother anyone who comes here regularly and have prepped?
Nope, no surprise,
Its become a spectator sport,
Watching and waiting while munching popcorn,,,
Hey, thats like your name!
The sky is falling again? We’ve been hearing this same bull forever. Give it a break will you!
Exacrly! Stockman said the sky would fall March 15 when the debt-ceiling expired. Didn’t happen. But he is unfazed by failure, and he is doing “The sky is falling” again.
Is the sky falling? Or are you jumping up in the air?
End of the world ain’t coming folks. Get back to reality.
A lot of people posting comments are reading what they want to see. They LOVE these type of articles. They can’t wait for misery, calamity, and collapse on a big scale, even if it hurts their relatives, friends, and neighbors. They’re so tired off waiting for years and years while prepping and praying for the worst to happen. Now they are impatient, and telling themselves “I need to see a lot of people suffering in hunger and pain, and I deserve to receive happiness watching others suffer. I’ve waited long enough g*d d*mmit for chaos and suffering to happen, I want to appear smart for telling people 20 years ago it was going to happen. Besides, if the collapse doesn’t happen soon I won’t get to shoot people.”
I prep too, and do it smartly and discreetly, and agree bad things are on the way, but I’ m not hoping it happens. Some are hoping the worst happens so they might be able to act out their worst impulses. These type preppers will even attack other preppers. The only explanation I can think of is some of them have not done too well in life and this is their chance to see fortunes reversed.
Every time another collapse prediction is made these people jump on the bandwagon, only to get back off the wagon to retreat back to oblivion when it did not happen, and then start looking for the next prediction. It’s a cycle.
I believe this is the same guy fired by Regan and maybe 1 more – not sure if it was Bill C or a Bush – regardless – I think he was fired for being to conservative and against so much debt. Either way, he may be a canary in the tunnel. Just saying and yes, I’ve read this site for 7-8 years so I know all the doom porn and predictions of the end….
how many times are we going to hear this nonsense? Is the market/economy going to crash? YES Does this guy or anyone else know when? NO!
Given a long enough timeline, all predictions eventually come true.
This gentleman from across the pond nails the Banker’s in this short monologue.
May 21, 2013 Why the whole banking system is a scam – Godfrey Bloom MEP
• European Parliament, Strasbourg, 21 May 2013
• Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire)
https://youtu.be/hYzX3YZoMrs
If they get Syrias gold they can delay the inevitable? When they run out of countries to loot then WW3? How can anyone predict a date when they can just invade and confiscate other countries resources . After Syria, Venezuela? One day Mexico to stop the drug cartels? Then Iran? Cuba? And last but not least Saudi Arabia ? Seems like they can kick the can for a long time? Maybe?
There was a time I would walk into a bank and see signs that stated your deposit was backed by the federal reserve. Now the signs state your deposit is backed by the good faith of the United States government, future payments by tax payers. Yeah, the times they are a changing.
Mar 20, 2017 Why does US national debt and total debt only and always increase?
Showing stacks of physical cash in following sequence: $100, $10,000, $1 Million, $2 Billion, $1 Trillion, $20 Trillion. The faith and value of the US Dollar rests on the Government’s ability to repay its debt. “The money in the video has already been spent”
https://youtu.be/XqUwr-Nkq9g
I thought the crash was going to happen 6 months ago and 6 months before that and at anytime obummer was in office.
Hmmm
In this day and age “Presidents” simply do not have the power to stop major fiscal “meltdowns”. That power after all was originally vested in the Congress. Later, the President became a more central figure in this regard. With the onset of the industrial revolution that power began to wane. And when the US Federal Reserve Act was passed in secret, literally in the dead of night, and the subsequent Federal income tax to empower it was rammed down the throats of the citizens in an equally opaque and deceitful manner, the President’s ability to direct, let alone power to dictate the economy was gone forever.
The people primarily responsible for the gigantic mess the economy run the Federal Reserve. And to a lesser extent, the US Congress gets to take credit as well. Our new President has essentially zero culpability in this regard. One of the media’s favorite tactics to hide guilt and shift responsibility is the age-old ploy of guilt by association. Clearly that deception is on display here as the author repeats President Trumps name over and over again. And as usual for this kind of hit piece, no mention of the Congress, let alone the Federal Reserve to be found. And the elephant in the room is the fact that the Congress has allowed 3 Presidents to wage war on behalf of Israel for almost 20 years. Like the rest of the media, the lost opportunity costs surrounding spending 10+ trillion on war for a foreign country instead of investing the citizens money in their own economy and infrastructure and the resulting destruction of the economy are carefully hidden. Yes, the FED could have employed legitimate economic strategies to curtail the out of control spending needed perpetuate the wars. Instead, the FED drove interest rates to zero to make the war affordable in the short term. Why anyone would be surprised by the current economic crisis is beyond me. This is what you get by allowing dual citizen Zionist Israelis to run the FED for the last 30+ years.
In short, this is just another propaganda hit piece targeting President Trump to protect the guilty. He is clearly one of the designated fall guys.
And the Pentagon cannot account for 9 trillion dollars now added to our debt. They rub our faces in it.
These stores will crash with it-
Sears Holdings
Gymboree
Nine West Holdings
99 Cents Only Stores
True Religion Apparel
Charlotte Russe
Charming Charlie
NYDJ Apparel
Vince.A
Claire’s Stores
Chinos Intermediate Holdings
Yeah but these stores will flourish:
Body armor r us
Barrett 50 cal manufacturing
Tactical solutions
Montana gold bullet
Most mortuaries
People who own backhoes to bury piles of dead thieves.
Optics planet for NVG sales
Guys! Guys! How long have we been at this? Nothing is going to happen. The entire system is an illusion. They won’t crash it now or ever. This train rides forever on ups, downs and through every phase of social engineering. There will be no crash or bloodbath. Come on! The dudes name is ‘Stock man’…get it? Stop taking this stuff so seriously.
Goebbels is attributed to have said, “The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent…”
Actually, marginalized people are automatically repressed, being victims of circumstance.
There is no reason to expect that we will be shielded, from the consequences of the lie.