The next recession will sweep the Socialists into power

 

What I’m about to say may sound totally crazy at first. But keep reading, because I think you’ll agree that it’s dead-on accurate.

There’s a recession coming.

No, that’s not some Chicken Little “The Sky is Falling” statement. Far from it. It’s just a fact: economies and financial markets always go through boom and bust cycles.

There are good years and lean years, up years and down years.

Lessons not learnt from the global financial meltdown

Ten years ago, on September 15, 2008, Lehman Brothers filed for chapter 11 bankruptcy. The mayhem that followed led to the worst global financial crisis after the Great Depression. Like the latter, the 2008 financial crisis has been a matter of much discussion – from Congressional testimonies to saucy Hollywood productions leave alone the academic garbage that it generated.

Will Impeachment Make the Market Decline?

 

Trump has said that if he left office, the stock market would decline. Those who are against Trump have actually made comments like: “It’s a ridiculous remark — the kind of thing a Latin American dictator or a Middle Eastern strongman would say to keep supporters in line.” This was carried by CNBC and all this is, is opinion and they then market that as fact. We cannot address such issues from a personal opinion perspective. Why have I said it would create volatility and disrupt the world economy? Simply said, history repeats.

The REAL Russia Scandal

MELISSA BARREIRO/TRUMPET

 

Is Vladimir Putin trying to strengthen the Trump presidency—or weaken it?

Claims that United States President Donald Trump secretly cooperated with Russia to steal the 2016 United States presidential election have been making headlines for over a year. New allegations seem to come out every week, but none of them are backed up by proof against the president.

WikiLeaks published 19,252 e-mails hacked from the accounts of seven key Democratic National Committee staff members on July 22, 2016. These staff members are chairwoman Debbie Wasserman Schultz, chief executive officer Amy Dacey, chief financial officer Brad Marshall, communications director Luis Miranda, press secretary Mark Paustenbach, broadcast media director Pablo Manriquez and finance director Jordan Kaplan.

The e-mails revealed that under Schultz’s leadership, key officials within the Democratic Party worked to sabotage the presidential campaign of Sen. Bernie Sanders so Hillary Clinton would win the party nomination. Many Sanders supporters were outraged. Schultz apologized and resigned in disgrace.

The Forgotten Depression of 1920–1921

 

The year is 1921…

America is less than three years removed from triumph on the Western Front. It’s the dawn of the Roaring Twenties… and the Jazz Age.

Warren Gamaliel Harding is America’s czar.

And the nation is sunk in depression

Can a Divided America Survive?

Torn sign at a pro-Trump rally in Portland, Ore., June 4, 2017. (Reuters photo: David Ryder)

 

History has not been very kind to countries that enter a state of multicultural chaos.

The United States is currently the world’s oldest democracy.

But America is no more immune from collapse than were some of history’s most stable and impressive consensual governments. Fifth-century Athens, Republican Rome, Renaissance Florence and Venice, and many of the elected governments of early 20th-century Western European states eventually destroyed themselves, went bankrupt, or were overrun by invaders.

Illinois Is Essentially Experiencing Its Own Private Great Depression

 

The state of Illinois has not passed a budget for close to three years.

Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly, and financial wizardry statements designed to disguise Illinois’ real problems: failure to rein in spending coupled with a very business unfriendly environment.

As Illinois’ bond rating careens towards junk, Illinois Unpaid Bills Jumped to $14.3 Billion. Today, the state told contractors to halt roadwork other that required for safety.

Deutsche Bank Chief Economist: DB Collapse Could Lead to the Next Great Depression

Despite being the fourth-largest bank in Europe with over $2 trillion in assets, Deutsche Bank’s (NYSE: DB) collapse is a huge possibility.

It simply doesn’t have the free cash flow necessary to pay the $5.4 billion Department of Justice settlement issued on Sept. 30. Currently, Deutsche Bank reports its free cash flow as $2.4 billion as of June.

Deutsche Bank CEO Warns Of “Fatal Consequences” For Savers

 

Deutsche Bank’s war of words with the ECB is not new: it was first unveiled in February when, as we wrote at the time “A Wounded Deutsche Bank Lashed Out At Central Bankers: Stop Easing, You Are Crushing Us.” Europe’s largest bank, with the massive derivatives book, then upped the ante several months later in June, when its chief economist Folkerts-Landau launched a shocking anti-ECB rant in which it warned of social unrest and another Great Depression.

Ironically, these infamous diatribes hurt more than helped: telegraphing to the market just how hurt DB was as a result of the ECB’s monetary policy, the market punished its stock, which has been recently trading within spitting distance of all time lows, in effect making Deutsche Bank’s life even harder as it now has to contend not only with its own internal profitability problems, but also has to maintain a market-facing facade that all is well. So far, it has not worked out very well, prompting numerous comparisons to another infamous bank.

Do I think Hillary Will Win? Buckle Your Seats – This Will be Worse than You Thought

 

Looking at the Electoral College, yes it appears to be a close race again. The population voting models only give Hillary a 25% chance of winning. But the press is in all out war against Trump and the American people creating propaganda like we have never seen in American history. Once again, I will say this. UNLESS there is a huge turnout, they will UNDOUBTEDLY rig the game for Hillary. You have the Republican Elite who behind the curtain are pushing for Hillary. So I would also have to assume they will rig the election every which way possible. There is far too much at stake to allow an OUTSIDER to go to Washington. They stole state from Bernie to make sure Hillary won. Without that, Bernie would have been the candidate.

Nice Terror Attack Threatens European Uprising

Just the other day, Patrick Calvar, head of the General Directorate for Internal Security (DGSI) , France’s equivalent of MI5  or CIA, made his warning that in the aftermath of last year’s terrorist attacks on Paris, any further Islamic attacks may lead to a new French civil war. The total French population is 63.9 million people of which almost 10% are Muslim – 6.13 million. The Nice attack now killing about 73 people on Bastille Day (French Independence Day), will undoubtedly further the support for the extreme right wing in European politics no less add support to BREXIT, when the PM May was in fact sympathetic with regard to closing the borders for this very reason. We will see Pen surge more now in the polls and Hollande, who was at a whopping 11% approval rating, may now fall even below 10%. This will have further impact upon the diminishing approval rating of Merkel in Germany as well.

America in Free Fall

Image credit: Barbara Kelley

 

Before the Battle of Chaeronea (338 BC), where Philip II of Macedon prevailed over a common Greek alliance, the city-states had been weakened by years of social and economic turmoil. To read the classical speeches in the Athenian assembly is to learn of the democracy’s constant struggles with declining revenues, insolvency, and expanding entitlements. Rome between the First Triumvirate (59 BC) and the ascension of Caesar Augustus’s autocracy (27 BC) was mostly defined by gang violence, chaos, and civil war, the common theme being a loss of trust in republican values. Russia was in a revolutionary spiral for nearly twenty years between 1905 and the final victory of the Bolsheviks in 1922, ending up with a cure worse than the disease. And Europe between 1930 and 1939 saw most of its democracies erode as fascists and communists gained power—eventually leading to the greater disaster of the outbreak of World War II.

The United States has seen periods of near fatal internal chaos—in the late 1850s leading up to the carnage of the Civil War, during the decade of the Great Depression between 1929 and 1939, and in the chaotic 1960s. Something similar is starting to plague America today on a variety of political, economic, social, and cultural fronts.

Dollar Reality – End of Petro Dollars

All economies are in freefall, however the U.S. is the safe haven (for the moment) because of a rising currency and still having the world’s ‘strongest’ economy, which is now in all reality propped up by hot air. The U.S. Dollar’s rise, as the article states, will wreck the rest of the world economy before its own demise comes around the corner. Pay attention to the signs. We’re riding the roller coaster to the top before the steep drop.

It’s also true that the Petrodollar is dead. It’s no longer a factor in what keeps the U.S. Dollar alive. It’s already on the chopping block now that this anchor has been removed and is only a matter of time before the axe comes down. That was the last foundation keeping the USD secure.

Because of the wealth of the information found in this article, most of the source will remain archived here.

 

 

QUESTION: Dear Mr. Armstrong,

(a) You say that the world is losing confidence in governments and I do not question that for a minute.

(b) BUT you also say that the dollar will strengthen for various probable sounding reasons, which it is presently doing. (whereas many think it will collapse).

For the collapse theory: it appears the petro dollar is being dumped which bodes ill for the dollar remaining the prime reserve currency. ——– does not think it will and that SDR’s will replace it. Surely as this eminent position of the petro dollar declines, there will be further debasement? (loss of purchasing power) – the opposite of a stronger dollar.

Pope Francis: Marxist or Catholic Corporatist?

Pope Francis is adamantly opposed to free-market capitalism, and he denies being a Marxist. What does this make him? You need to know the answer!

Pope Francis has once again shaken things up on the world scene. He has written a new apostolic exhortation, “The Joy of the Gospel,” which declares an official enemy for the Catholic Church: free-market capitalism.

“Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world,” Francis wrote in his exhortation. “This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.”

Michael Savage: Obama will sabotage economy on way out

As twice warned about with a Trump win in January and April: Poison pills will be left behind. It’s sabotage by the fifth column that took over America.

‘Wait until you see what happens in the last few months if Trump wins’

…

“If Trump wins – and I think he will – there will be an economic crash,” Savage told listeners of his nationally syndicated show, “The Savage Nation,” Monday.

“The reason I say that is not because of his policies, but because of what Obama will do on the way out the door.”

Savage said that if anyone thinks that a President Trump will be able to easily “turn this huge ship around, you don’t know much about navigation in turbulent waters.”