While the world celebrates the political demise of the wicked witch of the west and braces for a Trump-style president, the real crisis is coming, in the form of a financial avalanche that could dump on everyone’s parade.
The warning signs have been up every mile for a long stretch now. The build up of pressure, and the creaking fault lines have been evident. The monetary policy has long been triggering what may prove to be an inevitable collapse…
And it may have been planned for the Donald Trump administration.
via Jim Rickards:
A new global financial panic will be one legacy of the Trump administration. It won’t be Trump’s fault, merely his misfortune.
Since 2008, the largest banks in the world are larger in terms of gross assets, share of total deposits, and notional value of derivatives. Everything that was too-big-to-fail in 2008 is bigger and exponentially more dangerous today.
The 2008 crisis was truncated with tens of trillions of dollars of currency swaps, money printing, and rate cuts coordinated by central banks around the world. The next crisis will be beyond the scope of central banks to contain because they have failed to normalise either interest rates or their balance sheets since 2008. Central banks will be unable to pull another rabbit out of the hat; they are out of rabbits.
In the next crisis, liquidity will come from the IMF, which has the only clean balance sheet remaining. The IMF will print the equivalent of $10 trillion in world money called special drawing rights. China and Russia will acquiesce in this liquidity injection provided it hastens the demise of the dollar as the benchmark global reserve currency.
Trump himself has long been wary of political meddling by the Federal Reserve, who could have used a rate hike or other measure to unleash bad news that could have hurt, or alternately helped, his chances of winning. He accused the Fed of waiting to burst the bubble so that it didn’t happen during Obama’s watch.
In the end, that didn’t happen, but the hot potato of the next financial crisis may still be dumped in Trump’s lap. It may figure into why he has been appointing so many Wall Street cronies in his administration… but it probably won’t mean that America gets to avert the crisis.
There is more potential in how to deal with the crisis after it happens. As Rickards explains:
Can Trump avoid this fate? Possibly.
Descaling finance means reinstating the Glass-Steagall and pre-Big Bang separation of deposit taking and securities underwriting. It means breaking up the big banks… Derivatives should be banned except for exchange-traded futures tied to specific assets used for commercial hedging. It’s time to close the casino.
Will Trump pursue these policies? It’s unlikely. Bank lobbyists rule Washington from the commanding heights; draining the swamp won’t change that.
If the bankers are getting close to Trump and taking over his cabinet and advisors, it is because they wish to benefit from the solution to economic catastrophe.
They have plans.
Trump Accuses Fed of Not Raising Rates Because Obama “Doesn’t Want a Bubble Burst” Until He Leaves
The Bubble Will Burst, But Fed Is Waiting For Politics “With Trump Lurking Around”
Ron Paul: Unless the Fed is Stopped, America Will “Soon Experience Major Economic Crisis”
“Fed Risks Triggering Panic and Turmoil”: World Bank Warns Against Raising Rates
As Churchill said, this election is not the end, or even the beginning of the end. If we are lucky, it might be the end of the beginning. Or to change metaphors, it is like the ring in the Lord of the Rings. Possessing it will corrupt ANYONE, even a morally strong hobbit. This is the precise time we must re-double our efforts and ensure Frodo doesn’t become the next Sauron.
Let me tell you a little story. In high school, mid/late-season, we were playing a rival team for what we knew would be the conference championship (no playoffs in those days), both teams undefeated. We scored two touchdowns in the first two minutes (missed an extra point), making the score 13 – 0. We then got lazy and in the second quarter alone, gave up 33 points (almost half of what our top ranked defense gave up all season!). We smartened up in the 2nd half, and gave up no points, but the final score was 33 -13.
I leave you to extrapolate that little story to the election a month ago.
I am ready!
Be ready for anything!
“In the next crisis, liquidity will come from the IMF, which has the only clean balance sheet remaining. The IMF will print the equivalent of $10 trillion in world money called special drawing rights.”
I call bullshit on Rickards and the IMF.
The IMF prints NOTHING that the USA does not give its stamp of approval to, and it is not going to give its approval to anything that undermines the dollar: particularly with TRUMP in the Oval Office.
As I have stated here in the past: Bad loans and failed derivatives will be removed from bank balance sheets and placed in RESOLUTION TRUST type Agencies specially designed to write them down and divvy the underlying assets up to the Uber Rich with money and credit to buy the underlying assets for pennies on the dollar.
Pennies on the dollars.
You see the multinationals, gangster banksters, and uber rich have the investment grade equivalent of number ten cans from which they will produce the cash.
Yes some Hedge Funds, Money Managers, and Pension Funds will go bust. But the banks will walk away with clean balance sheets and higher liquidity ratios. Has Rickards learned nothing from the last couple of bail outs ???
Just say “ABRACADABRA” and the balance sheets of the big banks will be clean as a whistle. JUST AS THEY WERE BEFORE. After the bad assets are removed from bank custody the liquidity ratios will be higher than before the crash.
Can you say “RE-RUN WITH A TWIST” ??? 🙁
All governments aspire to be tyrannies.
Many of the 105 average IQ white people are not deceived by the governments moronic childish bullshit.
That’s why they have to reduce the white population as much as they can.
White men are the only group the globalists have never been able to control.
Racial composition is the most important factor in a society.
White men are supposedly the only ones who can save us from the mess they created?!?!
LOL! They’re being manipulated now. They voted for Trump, who promised them everything yet will deliver nothing. All you have to do to manipulate white is tell them if they don’t vote your way, the colored people will take their jobs and “precious” women.
It’s a trick that works every time.
PS, White population already shrinking due to lack of fertility and birthrates. Seems as though nature is weeding out the genetically weaker beings with no melanin.
Nice knowin’ ya!
FAITHLESS ELECTOR CHRISTOPHER SUPRUN VOWS TO VOTE AGAINST TRUMP, THWARTING THE WILL OF THE PEOPLE
THE OVERTHROW OF DEMOCRACY BY THE GOVERNMENT
CIVIL WAR II IS BEING FOMENTED
IF YOU NEEDED A SIGN FOR SHTF THIS IS IT
SOMETHING SNAPPED INSIDE ME TODAY WHEN I SAW THIS
One thing Trump clearly understands, and that is Numbers on balance sheets and budgets. He is a master at financing debt and twisting arms to get what he wants. Once Trump gets in and can truly see the real numbers like “23% Real Unemployment”, Israel using the USA like their personal ATM Machine, Trillions being pissed away supporting rogue dictators and phony foreign wars, we will see the tides change. We are living in a leaky financial boat with money squirting out of many gaping holes. Watch Trump pull the plug on funding NATO, the UN, Foreign Aid, and eliminating the over bloated supply of needless government employees as he just closes many segments of government, especially created by Obama.
I want to see Trump Print up an entirely new US Dollar backed by Gold and Silver and devoid of any Federal Reserve control, manipulation or Intervention.
And Day 1: Rip out the monkey’s basketball court and Mooshells garden at the whitehouse. And aerate and fumigate the oval office.
I’d much rather have Trump in place than any of the other candidates. Forget Hillary a moment. She would have been an absolute disaster with a financial crunch. The other problem Trump has at this moment other than the scum bag faithless (no morals) electors, is the Republican old guard such as Kasich. Trump understands the financial side of a large corporation which in a sense is what he is going to be managing. Trump has brought his corporation back from a number of bankruptcies. He can do the same with America. For after all, the US is bankrupt financially. Just maybe he will also delve into the fact that the country is also bankrupt morally.
Donald Trump inherits an economy that is deeply troubled.
The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy
“But by propping things up in the short-term, he has absolutely demolished our long-term economic future. But like most politicians, Obama has been willing to sacrifice the future for short-term political gain.”
When Barack Obama became president, the U.S. government was 10.6 trillion dollars in debt. When Trump takes office, the U.S. national debt will be OVER $20 trillion dollars.
(This does NOT include state and local government debt, corporate debt or household debt.)
“What is going to matter is what Donald Trump decides to do about our exploding debt.
If Donald Trump wants the U.S. economy to continue to remain at least somewhat stable in the short-term, he is going to have to keep piling up debt like Obama has. Because if Trump and the Republicans decide that they want to get our debt under control, that will plunge us into a horrifying economic depression almost immediately.
But if Donald Trump continues to steal money from future generations of Americans at the same pace that Barack Obama has been doing, he will literally be destroying the future of America.
It will be a crime on a scale that is almost beyond words, and if they get a chance to do it, future generations of Americans will look back and curse him for what he has done to us.”
“As a nation we have been consuming far more wealth than we produce for a very, very long time, and the only way that we have been able to do this is because we have been able to go into so much debt.
But now a day of reckoning is fast approaching, and I am not sure if Donald Trump even realizes that he will soon be faced with some incredibly heartbreaking choices.”
Nobody is going to steal money from futures generations, this people create fake money from thin air back by nothing,they have the money machine.
Would you rather have a billionaire businessman preside over it or an evil bitch idiot straight out of hell do it?
Hey? Adolph faced the same challenges and totally turned the economy around in four years. Time magazine made him man of the year. But it sure pissed the international bankers off. WW3. Anyone?
Donald is not Adolph. He has already been briefed & has been told what to do. Don’t think so? Look at his picks for the various positions. Let’s see him end the Fed. He’ll be dead within a month.
donald CHUMP, if they get away with it.
But Alex Jones said the “Trump Effect” is leading to an impressive stock market surge!
Happy days again! Gonna sell my metals and get me see stocks!
The “IMMINENT CRASH” has probably been delayed yet again. However, we should be in the middle of it by next year at this time.
That’s the good news and the bad news. 🙂
He is correct.
But it is only temporary.
On the night of the election stock futures were down as much as 800 points.
It is a setup for people to invest.
I would pass on this opportunity.
Trump already knows how to close Casinos and file bankruptcy on them. Rinse and repeat. Yep require Banks to get back to banking, and require larger capitol controls, and not co-mingle investment banking with depositors monies. Reagan’s and Clinton’s deregulation of the banks in the 90’s, was like giving gasoline to arsonists to run the fire dept. And why we are dealing this this mess today. Its all fixable, just how much paid will trickle down to you and I.
All was can do is protect out wealth by staying away from all banking as much as possible and convert paper money to PM’s now to preserve out wealth. Gold and Silver folks needs to be at the top of your prepping list just below Food. Only a 4 hour notice was given to the masses in India, before they called the 500 and 1000 Rupee null and void. Don’t be caught sitting with worthless cash money. Anything written on Paper can be defaulted on, including the US Dollar. You have been warned.
meant to say how much pain will trickle down to you and I. All we can do is protect our wealth.
The can can be kicked a lot further down the road if the government does not have to bail out big banks who may ‘guess wrong’ and wipe out depositors.
He will get blamed regardless.
No, if Obama can blame Bush, why can’t trump blame Obama?
He won’t, but we will.
The Bible says that money is the root of all evil. Me, myself and I! You too know whats right and wrong. There are the good the bad and the ugly. The Money is out there we need to get back the over charges to our system and give it back to the right full owners. We know who you are! We can train people to work. We need to get people off off drugs and alcohol, give them some training and hope for a good life. Its a War of Right vs Wrong, Good over evil. Get out of foreign countries and wars. We can teach the new to our country the right ways of These United States or they have to go. Work Hard praise Jesus.
You are WRONG! Why do people get this wrong all the time? It is what they are taught, and fail to do any research or thinking for themselves.
The Bible says that THE LOVE OF money is the root of all evil.
Feb 2017 the debt ceiling debacle with Mar 2017 deadline. Market will crash and burn as Trump will be in a pickle, every dollar he doesn’t spend will be a cut to walled street, Trump will have to scale back all of his trillion dollar “shovel ready Obama-II make-work QE1 jobs”. Expect a slew of downgrades worldwide especially if the interest rates in the US fed are raised .25 or lower in a few days.
He will be the next Hoover. Democrats will retake the White House in 2020 with some kind of “new deal” president who, just like FDR, extend the depression for many more years than needed with more socialist policies.
History may not repeat, but it sure does rhyme (Mark Twain, I think)
This is a damned mess but I don’t see the bankers taking over!
Trump may get blamed,..but the Democrats & the F.I.R.E. industry will be destroyed at the same time,..they will not be in any shape to take anything over!
There won’t be any winners after the EU collapses,it’s banks go under & the financial disaster comes to this side of the Atlantic
Abolish the Fed! WTF do they really do anyway except meddle with things they don’t understand. Nothin’ but a bunch of wannabe ‘dollar doctors’ playin’ wet-nurse to a bunch of armchair polishers.
The bankers understand,..they don’t care about national interests.
They are just trying to turn profits for themselves!
I had a gut feeling if Trump won the elite would pull the plug on cash.
Gut feeling is correct. Only that with the election of Trump, it provided the opportunity.
Gerald Celente doesn’t have much time left on a collapsing stock market in 2016. Is he still preaching a big collapse ? He has been doing this for the last 3 years and when it finally happens he will say see I told you it was coming. I get a kick out of him and Marc Faber who called it all wrong as well as people on his site that have been preaching doom for 8 years. Are you using up your stored food supplies? Stuff must be getting pretty old by now.
jimmy, Dec 14th is the expected day the Fed will raise rates, Yeah not much maybe .25 of a point, but symbolically it will reflect the era of Free money. That may be the Stock market crash as retail casino players pull out. Sure many say the .25 point is already baked into the clam pie. We’ll see. I suggest stay far away from the stampede and exit doors.
Most analysts fail to understand politics and political economy. By only looking at ‘trends’ or data, they fail to see how much course correction goes on. We were ordered to make sure the economy did not collapse on Obama’s watch, and we were to do ‘whatever it takes’ to get across the finish line. And it is working.
As for ‘Trump the Chump’, he is going to be handed a laughing bag of dog sh#t called the global economy. He will try and introduce Austrian economics etc. but it won’t work: it will just provoke unrest and he will be forced to print money like a fiend.
Notice how there has not been any Islamic attacks anywhere in the West at the end of the Obama terms? Is that because the security services got ‘religion’ and learned how to stop the attacks?, or did the controller and funder in the White House just issue the orders not to do anything until after the inauguration? Makes you think…
Trump About to Preside Over New Global Financial Crisis: “Not His Fault, Merely His Misfortune”
Someone above posted that he will be the next Hoover. That is possible and because I expect it. My reasoning is that Trump has declared bankruptcy at least four times? Has the experience.
Since we all know that history has the tendency to repeat, then his major infrastructural development plan for the nation might be right on time. The New Deal 2.0.
I have heard that there is such an event as President Trump putting our country into bankruptcy just like some large cities have done. I am not sure but I did read about it several months ago. If anyone can do it and right this crocked country Obama has created, OUR PRESIDENT is the one who can do it.
RE: Trumps Inauguration Day & the George Soros DisruptJ20 Rioting plans to rain on Trumps parade.
DISRUPT J20! ANARCHISTS CALL FOR VIOLENT INAUGURATION DAY – ht tps://www.youtube.com/watch?v=8-_-szv7btA
However I read that: 2 million Bikers are also headed to the Trump Inauguration in Washington DC on Jan 20th to protect Trump from the left. These biker gangs call themselves the 1%’ers.
Yeah I want to see Hells Angels, Pagans, Highwaymen, Warlocks, Outlaws, Son’s of Silence, Mongols and others kick some ass with baseball bats, chains and hammers and mop of the lefty disrupters hell bent on destroying America.
Also across America, Footage: Militias Rising Up All Over USA Preparing for Election Riots Martial Law NWO 2016 into 2017 – ht tps://www.youtube.com/watch?v=ejczhD-iZlc Look for a local chapter to join, either it be the Watchmen Groups or Oath Keepers, or some other Militia, or even start your own neighborhood watch and be prepare to protect your egress and chokepoints where those wishing to do us harm can be stopped.
Be the solution. Destroy the Problem.
The Big Picture. This is the war against Western Civilization. Step back, take a good look at what’s going on, everywhere. The non stop attacks in the MSM against Trump and his cabinet picks. The non stop attacks in the MSM against White people. White Christians are Western Civilization. Some diversity is okay. 50% is a bit much in anybody’s book. And TPTB aren’t done yet. The war, by other means, has been going on for quite some time now. Soon they plan to expand the violence against Westerners, here and in Europe. The MSM is the propaganda ministry for the Globalists and Marxists. The truth shall set you free, if you also have a gun.
Blah, blah, blah. The crash has been immanent now for 8 years and nothing. Be prepared for it but get on with life. Fear mongering no longer has an effect on me. I am prepared for just about anything and now spend my life with my family and friends enjoying the good life.
The you would think you would have no need for coming to this site, much less to comment.
Ben – strangely enough we still have freedom of choice. Or are you one of those people want to restrict this freedom?
I choose to come to this site for the entertainment value and not for the prepping advice which, these days, is virtually zilch. SHTFplan lost its way when the crazies took over.
BigB – sensible man. Too many on this (and similar sites) are the real “sheeple” blindly following and swallowing whatever the latest fear story being peddled is.
The prepper sheeple only know how to stack and then stack some more thus making the people they despise ever more rich. In reality they’re another pathetic mindless, non questioning, easily controlled mob.
It’ll be interesting to see the responses to this comment. I can already forecast who the drones will be and their standard idiotic rebuttals.
Of course, it was planned by the Globalist Fascist psychopaths to have the Corporatist Fascist vice peddling pussy grabber be in control when Martial Law is enacted-that way the programmed indoctrinated dumbed down toxic dump Trumpbot boot licking cowards, who could care less about freedom, liberty, and their children’s health because they want to be “rich”, they will go along with any Martial Law plans. The dumbed down Trumpbots will even help commit Nazi style atrocities under the direction of their new Dear Leader and Savior God Donald Trump. Just look at the psychopath he wants for Sec of Defense, “Maddog” Mattis, the fascist boot licking cowards name says it all. Once again Trumpbots you only traded a left wing fascist for a right wing fascist, who will unleash the Police State Martial Law GUN CONFISCATION horror the Globalist psychopaths have been waiting a long, long,long time for…..Donald Trump is the Globalist Trojan Horse dumbed down Trumpbot cowards. He was a Trojan Horse gift to you Trumpbots desperate for anything to save your disease ridden, obese, dumbed down, depressed, addicted to everything, GMO gobbling, dying early collapsing America-the sooner you understand that FACT, the sooner you will wake up to your indoctrination and programmed insanity.
2/3 ILLEGALS ADMITTED UNDER OBAMA ‘MINOR’ PROGRAM — ARE ADULTS!
I could not care LERSS about the GLOBAL economy-I care about the US economy-and TRUMP is capable of fixing that.
The solution is easy, all Trump has to do is to do what Hitler did to fix the economy.
Winston Churchill: You must understand that this war is not against Hitler or National Socialism, but against the strength of the German people, which is to be smashed once and for all, regardless of whether it is in the hands of Hitler or a Jesuit priest.*** Emrys Hughes, Winston Churchill – His Career in War and Peace, p. 145
It all just depends if the American public wants to be Americans, or if the American public wants to be Christians under their jewish overlords.
“Christianity is the most ridiculous, the most absurd, and bloody religion that has ever infected the world … The true God cannot have been born of a girl, nor died on a gibbet, nor be eaten in a piece of dough.” Francois Marie Arouet (Voltaire) (1694-1778)
This War is also against the American people, you decide if you want it “to be smashed once and for all”.
“Religion is the art of inspiring mankind with an enthusiasm which is designed to divert their attention from the evils with which they are overwhelmed by those who govern them.” – Christianity Unveiled, 16.5 – Baron d’Holbach (‘Boulanger’) (1723-1789)
We hope Americans will lose their minds and come to their senses !
Rattle on now while you can.
On Judgement Day there will be silence while every knee is bowed before the Son of God; some willingly, some broken with a rod of iron.
Personally, I can hardly wait…