“Obama Set Up the Next President For a Major Recession”… And A Giant Crash Is Coming

by | Nov 21, 2016 | Conspiracy Fact and Theory, Emergency Preparedness, Headline News | 77 comments

Do you LOVE America?



    This article was written by Michael Snyder and originally published at his Economic Collapse blog.

    Editor’s Comment: The past many months have carried a lot of noise about the coming crash, about a tipping point that may be fast approaching. The economics are simply giving way, and they can’t hold the illusion forever. Now that Donald Trump will be calling the shots, the money powers can usher in collapse if they wish, and have ready their scapegoat. It won’t just be Trump the man or the president, but the people who elected him, who backed Brexit and who gave up on their system. They people who let loose the chaos that now consumes us.

    Their rage, their anger and their desperation is brewing unrest. The ascent of populism in the political arena has put the establishment in retreat, and revealed, at last, a most dangerous atmosphere, from which collapse can properly precipitate … one in which all regulatory steadiness on the part of the system has been thrown off balance and out of whack by popular revolt. By the time the hammer falls, and the markets fall to the ground, the people rioting in the streets and losing their civility when ATMs stop working and store shelves go empty – these people will become the face of the disaster. The banks have been planning the next rise and fall for sometime; the next phase is all digital, and tightly monitored and controlled.

    We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash

    by Michael Snyder

    Since Donald Trump’s victory on election night we have seen the worst bond crash in 15 years.  Global bond investors have seen trillions of dollars of wealth wiped out since November 8th, and analysts are warning of another tough week ahead.  The general consensus in the investing community is that a Trump administration will mean much higher inflation, and as a result investors are already starting to demand higher interest rates.  Unfortunately for all of us, history has shown that higher interest rates always cause an economic slowdown.  And this makes perfect sense, because economic activity naturally slows down when it becomes more expensive to borrow money.  The Obama administration had already set up the next president for a major recession anyway, but now this bond crash threatens to bring it on sooner rather than later.

    For those that are not familiar with the bond market, when yields go up bond prices go down.  And when bond prices go down, that is bad news for economic growth.

    So we generally don’t want yields to go up.

    Unfortunately, yields have been absolutely soaring over the past couple of weeks, and the yield on 10 year Treasury notes has now jumped “one full percentage point since July”

    The 10-year Treasury yield jumped to 2.36% in late trading on Friday, the highest since December 2015, up 66 basis point since the election, and up one full percentage point since July!

    The 10-year yield is at a critical juncture. In terms of reality, the first thing that might happen is a rate increase by the Fed in December, after a year of flip-flopping. A slew of post-election pronouncements by Fed heads – including Yellen’s “relatively soon” – have pushed the odds of a rate hike to 98%.

    As I noted the other day, so many things in our financial system are tied to yields on U.S. Treasury notes.  Just look at what is happening to mortgages.  As Wolf Richter has noted, the average rate on 30 year mortgages is shooting into the stratosphere…

    The carnage in bonds has consequences. The average interest rate of the a conforming 30-year fixed mortgage as of Friday was quoted at 4.125% for top credit scores. That’s up about 0.5 percentage point from just before the election, according to Mortgage News Daily. It put the month “on a short list of 4 worst months in more than a decade.”

    If mortgage rates continue to shoot higher, there will be another housing crash.

    Rates on auto loans, credit cards and student loans will also be affected.  Throughout our economic system it will become much more costly to borrow money, and that will inevitably slow the overall economy down.

    Why bond investors are so on edge these days is because of statements such as this one from Steve Bannon

    In a nascent administration that seems, at best, random in its beliefs, Bannon can seem to be not just a focused voice, but almost a messianic one:

    “Like [Andrew] Jackson’s populism, we’re going to build an entirely new political movement,” he says. “It’s everything related to jobs. The conservatives are going to go crazy. I’m the guy pushing a trillion-dollar infrastructure plan. With negative interest rates throughout the world, it’s the greatest opportunity to rebuild everything. Ship yards, iron works, get them all jacked up. We’re just going to throw it up against the wall and see if it sticks. It will be as exciting as the 1930s, greater than the Reagan revolution — conservatives, plus populists, in an economic nationalist movement.”

    Steve Bannon is going to be one of the most influential voices in the new Trump administration, and he is absolutely determined to get this “trillion dollar infrastructure plan” through Congress.

    And that is going to mean a lot more borrowing and a lot more spending for a government that is already on pace to add 2.4 trillion dollars to the national debt this fiscal year.

    Sadly, all of this comes at a time when the U.S. economy is already starting to show significant signs of slowing down.  It is being projected that we will see a sixth straight decline in year-over-year earnings for the S&P 500, and industrial production has now contracted for 14 months in a row.

    The truth is that the economy has been barely treading water for quite some time now, and it isn’t going to take much to push us over the edge.  The following comes from Lance Roberts

    With an economy running at below 2%, consumers already heavily indebted, wage growth weak for the bulk of American’s, there is not a lot of wiggle room for policy mistakes.

    Combine weak economics with higher interest rates, which negatively impacts consumption, and a stronger dollar, which weighs on exports, and you have a real potential of a recession occurring sooner rather than later.

    Yes, the stock market soared immediately following Trump’s election, but it wasn’t because economic conditions actually improved.

    If you look at history, a stock market crash almost always follows a major bond crash.  So if bond prices keep declining rapidly that is going to be a very ominous sign for stock traders.

    And history has also shown us that no bull market can survive a major recession.  If the economy suffers a major downturn early in the Trump administration, it is inevitable that stock prices will follow.

    The waning days of the Obama administration have set us up perfectly for higher interest rates, a major recession and a giant stock market crash.

    Of course any problems that occur after January 20th, 2017 will be blamed on Trump, but the truth is that Obama will be far more responsible for what happens than Trump will be.

    Right now so many people have been lulled into a sense of complacency because Donald Trump won the election.

    That is an enormous mistake.

    A shaking has already begun in the financial world, and this shaking could easily become an avalanche.

    Now is not a time to party.  Rather, it is time to batten down the hatches and to prepare for very rough seas ahead.

    All of the things that so many experts warned were coming may have been delayed slightly, but without a doubt they are still on the way.

    So get prepared while you still can, because time is running out.

    This article was written by Michael Snyder and originally published at his Economic Collapse blog.

    GetPreparedNow-MichaelSnyderBarbaraFixMichael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.

    Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream

    If you want to know what is coming and what you can do to prepare, read his latest book [amazon text=Get Prepared Now!: Why A Great Crisis Is Coming & How You Can Survive It&asin=150522599X].


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      1. I cant wait!!! What’s real cool is most people anymore cant think for them selves. Reality is going to hit soon!!!!

        • Let’s not panic just yet. While rates are moving up as expected, they are still HISTORICALLY low. This upward movement will spur additional economic growth as individuals and businesses rush to lock in low rates.

          Been there already. Done that. 🙂

          • If interest rates go back to historical averages, then it is time to panic. Interest would eat up half the income. We will pay for this 20 trillion dollar run up. It now amounts to over 156,000. per household.

            • Little bit I agree. We have not had to try and pay off any nat debt at these low ZIRP rates and the slightest increases will crush our government and economy for many reasons. We cannot service the 20+ trillion debt with any increase in rates and that is the “TRAP” and why they did not increase under BHO and Bernanke.

              And any additional increase in spending for public works projects will be soon considered a grave mistake. The interest rates will determine what happens, not anybody on this board/site. What will unfold is completely unavoidable, but I am glad Trump was elected for many other reasons. Of course the banksters and wallstreet will set him up to hose him and he will be their fall guy ! There is no easy way out of the mess we are in and there will be a RESET. Many here and most other prepper type sites are beyond clueless. Snyder is a realist and does not live in fantasy like myself.

      2. A world wide economic crash has been in the cards since 1913 minimum,tis why folks prep.We know tis coming some point in our lifetimes,so,lets just keep exchanging ideas on how to deal with it.

        Today for those new,a 17-18 dollar bottle of pool shick can treat 10,000 gallons of water from nasties,interested anyone will put up recipes ect.Lets all just keep exchanging/giving new readers prep ideas ect.,tis all we can reasonably do besides working locally to reign in insane govt.

        • A wonderful and thoughtful post.

          • Is Trump a National Socialist>

        • I can imagine in my mind’s eye Obummer, hillbeast and husband, kissassinger, the whole damn buush family, and all the evil bankster families at the great white throne judgement of God. They are all fixing to be thrown into the lake of fire, yet they are all still rationalizing the great harm they have done to so many. After that, their bullshit is silenced forever.

          • I will be very disappointed if Trump does not prosecute Hillary.

            • You can be sure that the OWG types will be putting forth the ” Lets be nice” retort to any talk of prosecution of Hitlery or the Molester.

              Keep an eye out on who sterns that bs.

            • You can be sure that the OWG types will be putting forth the ” Lets be nice” retort to any talk of prosecution of Hitlery or the Molester.

              Keep an eye out on who starts that bs.

          • Menzo, ALL of the elitists need to burn. Their time is coming.

          • There days are numbered. people are very aware of there plans, what they don’t understand there lives have a termination date and it is soon.
            they will no longer gall the shots.

        • Pool Shock. costs $4 a bag at Home Depot and makes 75 gallons of chlorine bleach. Compare that to about 4 dollars a gallon of Clorox.

          We use the pool shock and put it directly into the washing machine, very small amounts because it does not take much.

          We first started prepping pool shock to prepare against ebola. Chlorine kills ebola viruses among everything else. I was planning on hosing off the drive way and porch with the bleach to sanitize the house.

          • Good advice about pool shock.

            Calcium Hypochlorite can be used to safely purify water. When stored properly, it will be good for years.

            Find information about Calcium Hypochlorite here.
            Scroll down to about the middle of this article.
            Dry 68% Calcium Hypochlorite Granules

            Note: How to Survive Hard Times, The grandpappy website has lots of useful information.

            Where to purchase…
            68% Calcium Hypochlorite Granules – Pool Shock

            Pool Shock Mixture
            Easy directions for making small amounts:
            Step #1 – To 1 cup of clean water, add 1/4 tsp. Calcium Hypochlorite to make bleach solution.

            Step #2 – Add 1/2 tsp. of bleach solution to a 2 liter bottle of water you want to be safe to drink. (such as rain water collected, water from a stream, etc.)

            Step#3 – Let the water sit for an hour.

            Note: A 1 lb. bag of pool shock can purify thousands of gallons of water.

            Store the plastic bags of the Calcium Hypochlorite granules in a sealed Rubbermaid container (or 5 gallon container with a lid) and keep in a dry, cool place.
            It will store safely for years.

            DO NOT pre-mix until needed, as it gets old like bleach.

            • Yep, we used to use calcium hypochlorite to purify the water we made on the ship. We would add it directly to the fresh water tanks after we filled them and as needed after testing.

          • 5% Chlorine Bleach is $1.00 a gallon at the dollar store. Why buy Clorox for $4.00 a gallon ???

            You are just paying for the name. 🙁

            • But Durango,you are still paying mostly even at a buck monies to ship,well,water!You buy the pool shock can make all the bleach you want at huge savings,bleach made up has at best a year shelf life,pool shock kept in waterproof container lasts a long time!You make the bleach as needed,say 4 months worth at a time and get fresh bleach!

              You are just paying for 95% water to be shipped/stored ect!
              Sorry,can’t add smiley face!

        • The pool shock is good, but if possible its still good to filter the water before drinking it, real good dea to have a berkey, pre treat your water with the shock in a bigger container then filter the stuff you drink further, is a good idea to also send water your going to bathe with through a sediment and charcoal filter even if you zap it with the shock. You can use 55 gallon drums and those cheap sprayer pumps that run on 12v, will transfer water as well as be sufficient to run toilets or such, even showers if need be, better to just rig your shower for gravity, even if you use the small pump to fill a reservoir. Those old school pull chain valves for the big old shower head work pretty good.

          • I hope you are all aware Chlorine Bleach and Pool Shock are carcinogens, which means cancer causing. So you don’t want any of that stuff put into your body period. Sure you can treat your water to kill the nasties, but then you need to filter the water again, in order to consume it without harm.

            One of the best Stationary Water Filtration systems to filter this water is a Reverse Osmosis system, which will remove 99.99% of Chlorine as well as most everything else. You can get an under the Kitchen Sink Reverse Osmosis 3 filter system, and holding tank for about $150 at Home Depot, and extra filters are about $15-20 more. That will provide thousands of healthy water for drinking and cooking. I used one of these filter systems for 15 yrs. Awesome.

            • Honestly, at this point in life, 50+ i have swam in bathed in drank and more so much chlorinated water, the fact that it may be a carcinogen is really the bottom of the list of worries

              • There is more Chlorine in drinking water than your swimming pool. Do a simple water test. Let the faucet run for a minute then test the water sample. And compare the pool chlorine. Its an eye opener. Pick up a small pool tester kit, $10.

              • I’m also wondering why everyone seems to be using either Clorox of a form of Pool Shock.

                What’s wrong with Iodide Tincture (or Tincture of Iodides)? (And it’s not a carcinogen, and has several other uses that all could mean “life or death.”

                Here’s a decent link complete with colored pics!

                ht tp://www.instructables.com/id/How-To-Purify-Water-Using-Iodine-Tincture/

                imho everyone should have about 2 gallons of Iodine and Tincture of Iodides “on hand.” Same goes for Betadine (and only buy brand name, which is “Betadine” or you get ‘shorted’ badly).

        • ??? To treat water with bleach…4 drops per gallon??? Has to be pure bleach, not scented or gelled(easy pour) etc….

          • redneck, the figures I got off the internet (!) show 1/8th teaspoon to a gallon of water.
            4 oz. to 55 gallons.
            Internet sites vary on what ratios they rec.
            Been treating rain water in 650-800 gal. tanks for over two yrs. Haven’t got sick yet! Using 1 & 1/4 cup to 650 gallons. Constantly checking tank levels and adding estimated amounts.

            * But you all have recommended pool shock with only sodium hypochlorite and all I can find have other strange chemicals in them. And these are name brands like at HD, Walmart, Sam.s etc. ?

            • Same here, i am just going to use my berkey for drinking water and use the chlorinator we have for our pond to treat everything else.

              • Nail banger:

                I don’t have a rain water catch system per say, like yours which sounds great. I used to run all tap water thru a pitcher purifier. Now, I buy water from a store with a highest quality reverse osmosis system. I know a restaurant who have such a system as well. I keep bottled water which is enough for at least a month.

                I understand that distillation is the purest form of dealing with water purification. You can buy a water distiller or you can put one together for nothing with a big pot and a smaller one to catch the drops of steam. A little aluminum foil made into a conductor between the steam pot and a cup is all you need. No chemicals. A coffee filter (unbleached) can filter debris from a pond or lake before distilling.

                I have enough coffee filters for years of personal use. They don’t go bad and make a good barter item, I think. Coffee itself, might be in great demand. Coffee withdrawal gives you a terrible headache. Probably could get a bar of gold for a cup of coffee from a real coffee addict. Think about the bible story. A man sells his birthright for a cup of coffee. It should be on Starbucks.

                I started rinsing my hair with half white vinegar/half water then using the same in place of soap. It actually works really well to deal with body odor, and chemical free. Then I use a little coconut oil in my hair for conditioner after massaging it into hands and nails. The vinegar smell dissipates quickly and leaves you fresh as a garden salad, good enough to eat; but that’s another story.


              • @Ketchup Thanks for the info.

                Did a little math…all caveats apply given I’m a rednek, check the math before you use 🙂
                600 drops = one ounce
                20 drops = one ml or one CC
                75 drops for one teaspoon
                1/8 teaspoon = 9.4 drops

                One ounce at 9.4 drops per gallon would treat close to 64 gallons. As stated above you can buy chlorine bleach at $1/ga. To treat the same 64 gallons with some of the less expensive water treatment tablets, Portable Aqua ($6.50 per 50 tablets) for instance, would run around $66+-. 8 tablets per gallon @ .13 ea adds up quickly. Depends on your needs or situation.

              • Another damn good reason to switch to Iodides. Costs more yes. Works best …yes. Add filters and you just can’t go wrong. (Like Sawyer and Britta or even The Life Straw is a decent survival “tool”…though limited a tad.

            • Ketchup,I use Aquamate,has no other colors/scents/algicides,what have you,about 17 bucks 5 pounds,do the math,tis good.

              As for carcerinogens ect.,well,die quickly from contaminated water or 20 years down the road from bleach in me drinking water if necc.,a easy choice!

        • that is only 1/2 of the equation. you still need the coconut charcoal to pull the chlorine out ? drink some of that pool shock for while and see what happens ! There is a simple and very cost effective way to eliminate it and many other VOCs and it is not any of the high dollar systems that all plug up rather easily without pristine tap water.

          Most of you are way behind every curve

      3. And?
        As if we don’t already know and expect that?
        As if spending money and prepping as if it was the national past time?
        Michael, You are a nice guy,I go to your site; I read your postings.
        But this articles is a slap in the face of the people who come to this site…

        Sorry, sarcastic today…It will past…

        • Oh,.. this is all New Fear, Because Snyder is repeating it. This is Chum for the scared to munch on.

          This economy is just a repeat of 2008 financial scam that Bush Left Obama. This next collapse will be 10 times bigger that Obama is leaving Trump.

          Trump could save tax payers money if he cancels Obamas Post Presidents Secret Service Protection. Lets see if Obama then goes out and buys his own gun for his own personal protection.

      4. Hillary conceded the election right away …
        Her mutton headed followers still can’t figure it out..

        • She knew before 6:00 PM Eastern Time that it was over. The lemmings still haven’t figured it out.

      5. “Right now so many people have been lulled into a sense of complacency because Donald Trump won the election. That is an enormous mistake.”

        Most important pull-quote from this article as remember, neither Trump nor Hillary will be inaugurated as the next POTUS.

        • You’re right about Hillary not being inaugurated as the next President, there’s no doubt about.

          And complacency is always a bad idea.

        • Y.D
          What to make a friendly wager?
          I’ll bet you a bottle of St. James wine (cost about $8.00 a bottle) that Trump is inaugurated. If I loose I will send you a USPS money order to you for $8.00.

          How about it?

          I’m not going to become complacent. I’ve been at this for too long to let my guard down now.


          • Fools and their money are soon parted, or something like that. I believe that much to the chagrin of all Democrats, that “The Trump” is going to be more of a “CEO” than a President, and via working through his chosen people PLUS THE PEOPLE – he will come out superbly “on top” of the heap.

            Amazingly, there will remain that certain number of idiots who will cling to “the old ways” and long for nuclear war with a country that is about to become a friendly nation, as it should be.

            Trump can not do everything, but we the people can make one helluva dent into it, for OUR betterment, and under The Trump Administration we won’t be trounced for doing anything that is “pro-American.”

      6. Into the abyss we go.

        As our Glorious and Pompous President says, Our economy is doing great. Question is. How Long? We know our county is in Bad Shape financially. Twenty Trillion in Debt and we are even in the other sectors that are sour at best. they can pull the plug anytime to make Trump take the fall. The news is quiet about this problem.
        Don’t want to scare the sheeple.

        • My prediction:
          Janet Yellen, chairman of the Federal Reserve, will jack up interest rates at the December meeting and cause the collapse just before Trump takes office.

          This way the entire financial mess will be Trumps fault.

          What a better way to fuck over America than to punish America for electing Trump.

        • Anon, they’ll end up defaulting on that debt. There’s no way that debt can ever be repaid. Keep stacking and praying. Keep all your options on the table.

          • The Deplorable Braveheart.

            There is no way we will not have a war of some kind in the future. Too much going on with no solutions in the mix.

            Prep for war. I will still put out prep tips.

            I see The Sheeple is back up. Can they do it here? ;0)

            • Anon, my prepping is also continuing and all my options are still on the table. keep those prep tips coming.

        • The (fake news) mainstream media will stop repeating the manipulated “economic recovery” message they have been telling us for the past 8 years.

          The coming recession & market drop will be blamed on Trump.

        • Since the money was frigging printed “out of thin air” without anything but a “verbal IOU” to the tune of these trillions of dollars (to include a fair amount of tax dollars as well), just who exactly is going to MISS this alleged “debt” of 20 trillion?

          We have spent it, and we spent it using money we printed (meaning it is not borrowed from anyone or anything – – so how can it be any kind of problem (like: owed to whom, exactly)?

          I often wonder if it’s a giant game of financial chess, but political monies seem to emerge from federal printing presses (as there are no REAL dollars so more are printed-as-needed). In fact, isn’t it “in the works” to stop $100’s and $50’s to make it damned hard to moved large amounts of money around? Five grand in $20’s will pump a lump in your pocket and is a major pain (as in having to count out for purchases, etc).

          I believe there is a cap of 10 grand on “moving money”, and so it is “faster and safer” to move amounts of 9 grand or just anything that is ‘shy’ of ten grand – – just to make our use of money a pain because they wish to know when large amounts of money are moved, and WHY (if they get any intel on it). I think Trump will have that part of The Federal Treasury “cut out”, $100’s and $50’s will stay and perhaps $500’s will remake their debut, which would be very, very smart and convenient. There is talk of the abolishment of income taxes as well. Now wouldn’t that be something. Death and taxes would become just Death. (Formally spelled “degth” eons and eons ago, and maybe “deth” for bad spellers. lol…).

          • Simple answer we spent it on future items and events that will require payment. So all we did was sold our heirs into that very future of debt ? You are leaving out at least half of the equation and there will be a RESET. When and how, we shall see ? but it will happen

      7. What the author doesn’t get into is that the dollar is at a thirteen year high against foreign currencies. That discourages foreign customers from buying American goods and bonds on the international markets. However, if you are a foreigner who holds bonds (treasury or private), it is an incentive to redeem or sell them. Much of the Government’s debt are in foreign hands. This will be when Trump will be trying to make better deals abroad. We live in interesting times.

        • no question strong USD = less US exports. but that too is only a part of the equation as the USD can lose very fast as well and it will. When you see all time highs in anything that always means a pullback or adjustment in those markets. The bigger the bubble created the bigger the pull back. And we have a huge falsely created bubble of 22+ trillion of nat debt and 200 trillion in unfunded liabilities that will not go a way as well ? So there will be a RESET of some sort and Trump will be the fall guy.

      8. So what else is new,,,,
        While im no fan of barry sotero,
        Think back to how his stint began, same as it ever was, so stands to reason that it would all come full circle, not like anything substantial has changed for the better.

      9. Thank God I have the wisdom to be a sovereign citizen, and to NEVER participate in a Fascist Police State of collapsing hell on earth America election ever again. Now it is easy to see why it did not matter who the dumbed down toxic dump drunken bum cowards of America voted for in another sham election in a Police State hell. All you need to look at is the crocodiles and snakes being added to the swamp that will NEVER be drained. Start with the genocidal criminal psychopath demon from the inner bowels of hell MIKE POMPEO- a psychopath stooge and cheerleader for Monsanto, toxic poisonous GMO fake food garbage, and the deadly murderous Biotech/Chemical/Big Agri Death Machine of GENOCIDAL hell on earth America. MIKE POMPEO, demon from hell, who authored the DARK ACT(Deny Americans the Right to Know-what is in their food) will now be in charge of the CIA, the most murderous, treasonous, evil, vile disgusting Intelligence Agency the world has ever seen, so the dumbing down, toxic poisoning, and SOFTKILL GENOCIDE of the programmed indoctrinated addicted disease ridden depressed toxic dump drunken bums of America, and the children they should of NEVER had, will continue like never before. The obesity and diabetes will increase, cancers will increase, gastro diseases will increase, rashes and skin disease will increase, depression and suicides will increase, intelligence levels will continue to decrease, and the life expectancy of the dumbed down COWARDS of collapsing America will rapidly decline. While this is going on, the drunken bums and toxic dumps who voted for Trump will be celebrating how “rich” they think are in a collapsing genocidal Police State hell on earth.

      10. A Thanksgiving Lesson
        “Did you know that our Pilgrim forefathers tried communism when they first landed at Plymouth Rock?

        The colonists struggled desperately for two more years. When spring arrived in April 1623, virtually all of their provisions were gone. Unless that year’s harvest improved, they feared few would survive the next winter.

        The Pilgrim leaders decided on a bold course. The colony would abandon its communal approach and permit each person to work for his own benefit, not for the common good.

        Once they replaced communal efforts with individual responsibility the differences were dramatic—and life-saving.

        Men went into the fields earlier and stayed later. In many cases, their wives and even their children (some barely past the toddler stage) worked right alongside them.

        More acres were planted, more trees were felled, more houses were built, and more game was slaughtered because of one simple change: People were allowed to keep the fruits of their own labors.

        The Pilgrims arrived deeply in debt to the London merchants who sponsored them. They worked for more than 20 years, as individuals and as a community, to pay off the crushing burden. In 1627, they borrowed money to pay off the Merchants Adventurers.

        By 1645, they had paid off the entire debt to the company which had advanced them the sums to pay off the Merchants.”

        Full article is at the link below.

      11. Additonal economic indicator that all is not well.

        Economic Hardship Forces Car Dealers to Massively Discount New Cars

        But with 2016 auto sales down as much as 42% from 2015 according to the Wall Street Journal – many of those lovely new cars sit unsold in dealer lots.


        Overview Charts – U.S. Auto Sales % change from October 2015 to October 2016

      12. Two more horrifying things about MIKE POMPEO, demon from the bowels of hell:

        (1)Demon Mike loves the destruction of our now NULL AND VOID US Constitution, and has no desire to see our Constitution RESTORED, because Demon Mike loves the bulk collection and government storage of everything every citizen in collapsing Police State hell on earth America reads, watches, writes, talks about, and does in our collapsing hell on earth.

        (2)Demon Mike wants Edward Snowden put to death. The genocide supporting treasonous criminal Demon Mike Pompeo wants one of the only TRUE AMERICAN HERO’s the Police State hell on earth of collapsing America has seen in a very long time put to death, while Demon Mike Pompeo supports the SOFTKILL GENOCIDE of millions of disease ridden dumbed down toxic dump coward American victims.

      13. Like all others before him (Obullshit) after 1913 when the F.R. was established. They keep kicking the can down the road. One day the can is going to fall apart.

        Trump like Obullshit knew/know what was happening and going on in the U.S. They both think they can fix it. As we well know Obullshit failed.

        Let us hope and pray that Trump does a better job!!!

        When the last several Prez. ran for office they knew what was going on. If they say they didn’t, they LIE!! Obullsahit is the only one that blamed it and is still blaming it on Bush.


      14. Bond rates have been held low for a long time. They have to go up some time, so why not now? If the “powers that be” want the economy to tank to make Trump look bad, all it will take is raising interest rates. I think it is going to happen.

      15. Fifteen Hundred a Day floor over the southern boarder.

        You want to know where the army that we will fight is coming from?

        This administration will do NOTHING to STOP it. They are trying to overwhelm Trumps resources to combat illegal immigration.

        Many will get more benefits than the average American and when the financial collapse come, they will riot because they now think they are entitled to benefits given to them by government. This damn Obama administration.

        • “They are trying to overwhelm Trumps resources to combat illegal immigration.”

          Yep…this is exactly and precisely their method of operating. They’re like locusts. They fly in, consume everything and move to the next victim.

      16. I was saddened to see SHTFPlan didn’t rate on the Orwellian Leftist Lamestream Media List of Fake News Sites.

        On the plus side, I just got banned from the ABC site. I take that as a badge of honour of course. Kinda like getting banned from Pravda or Izvestia 30 years ago.

        Truth is, the lamstream media is doing an “in your face” op, after being exposed during the last election. As Goebbels supposedly said, if you are going to tell a like make it a BIG one.

        Here’s the truth about the fascist left media:

        “Our job is to give people not what they want, but what we decide they ought to have.”

        – Former CBS News president Richard Salant

        BTW, these vile leftists might want to list fake site like the NY Times, home of Pulitzer winner Walter “I don’t see no stinkin’ starving kulaks in Stalin’s Ukraine” Duranty, fiction writer Jayson Blair, and big backers of phonies like Lincoln “I have seen the future in Stalin’s USSR, and it works” Jeffers, fake leftist Nobel Prize winner Rigoberta Menchu, etc. And then there is the joke of CNN and MSNBC. Truly an embarrassment.

      17. Obama didn’t set it up…the FED and their banker buddies did. A debt based money system only works as long as higher amounts of debt can be created to pay back the previous debt + interest. The consumer tapped out years ago, so the govt stepped up, but as total debt climbs, the system becomes more and more unstable….at the end, the slightest increase in interest rates makes it impossible to increase debt.

        The entire system has been broken for decades, certainly since gold and paper were separated under FDR, and again under Nixon, when we stiffed the world…. and it has simply take enough time to manufacture enough debt that the thing flies apart…..it wouldn’t matter WHO was in office, they are simply going to get the blame, like Hoover.

        Since most people have been carefully fooled into thinking that paper shit the bankers issue is money, I have no doubt the bankers will come out on top, issuing a new version of it, or forcing us to go digital.

      18. The problem is that the press will never blame Obama and his crappy policies for the economy. They still blame Bush for things happening now. Rest assured Trump will get all the blame and non of the praise for making hard decisions. He is not even in office yet and the libs are having a meltdown over trumps choices to fill his cabinet. Just a bunch of whiny crybabies with a compliant press.

        • Expect a non-stop drumbeat of criticism for the next four years. The left never, ever, ever, allows complacency or truth to take hold in the population.

      19. Here we go. Worrying about fixing the blame instead of the problem. Hopefully President Trump doesn’t fall for this loser thinking.

      20. Fucking YAWN !!!

      21. Upcoming crash? I think I saw that article sometime, someplace.

      22. Unless Mr. Trump somehow pulls the teeth of the ‘Lame Stream lying Media,’ he will reap the whirl wind. Just let the pure truth be told, or the bible, and reality and put the blame where it belongs ! Visit: TOM’S JOURNAL.

      23. What goes around comes around!

        It was only 8 years ago when Obama inherited the Global Financial Meltdown-Economic Pearl Harbour that happened during the Lame Duck Congress of George Bush in September 2008, a month before Obama was elected, and 3 months before he became President

      24. I’m stocking up on cigarettes and toilet paper for bartering purposes.

      25. You give him to much credit. He couldn’t wipe his butt without a teleprompter.

      26. The markets will be down for another year. Planets same place as 1929 crash with only change Jupiter replacing self-delusional Neptune Sept. 2015.

        Planet Saturn gives a depression for another year according to the New York Stock Exchange Dow 30. I’ve called flash crashes since August 2015, called for gold to rise in Jan. this year, predicted oil to bottom at $29, etc. Accurate? Yes. Without false predictions.

      27. If we get moving and tap that new oil discovery (and natural gas as well?) in TEXAS gasoline will be nothing but taxes. NC charges, or used to charge, .66 per gallon, which is outrageous.

        It’s time for a whole mess of changes that will certainly assist in making life affordable again. Clearly, Obama was ensuring that NOBODY had the bucks to ‘tend’ to ANY emergency.

        Who first printed that most of Americans don’t even have $1,000.00 “on hand” in the event of an emergency that called for it.

        Just a grand?

      28. lets see interest rates were 13 percent and inflation 21 percent in 1985. The world did not come to an end. Bought my first house in 1986 and paid 9.75 percent interest. Paid on it for 17 years. Interest rates going to 4 percent will be in the normal historical range. Lets just come down.

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