The Trump Card of American Politics

Posted July 18, 2015 By David Haggith
By DonkeyHotey [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

I would have a hard time voting for Donald Trump. I would have a hard time not voting for Donald Trump. Trump serves himself first. He’s a cartoon of bombast and ego. He has used political campaigns frivolously just to generate media attention and then backed out of the race when it got real. Yet, Donald Trump and Bernie Sanders […]

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By Kuebi = Armin Kübelbeck (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia Commons

The deal force-fed to Greece by the Germans guarantees Grexit 2015. Look at all that this deal has embedded into its terms, and you’ll see how a Grexit is now assured. This new eurodeal creates all the chemistry necessary for an explosion. Yet, the stock markets rose today because people are excited that, at last, a deal is […]

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The Great Global Economic Trainwreck

Posted July 9, 2015 By David Haggith
By Photo credited to the firm Levy & fils by this site. (It is credited to a photographer "Kuhn" by another publisher [1].) (the source was not disclosed by its uploader.) [Public domain], via Wikimedia Commons

Granted, global economic collapse can’t be declared as a fact yet, but train wrecks take time. A train doesn’t just crash like a car; it keeps crashing, piling car upon car, banging, tearing out trees, bending steel, plowing up rails, smashing buildings … until all the momentum is finally exhausted to the last squeak. It didn’t take […]

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By user:Paolo Bottazzi (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

Nonie Darwish is a woman born in Egypt as a Muslim. The following is a paraphrased description of her latest book, Joys of Muslim Women, in which she offers descriptions of her long experience inside of Islam: (As terrorism from Islamic Fundamentalists and war with Islamic Fundamentalists is very much a part of our current economic equation, I am […]

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Predicting a 2015 Economic Collapse

Posted June 26, 2015 By David Haggith
Dorothea Lange [Public domain], via Wikimedia Commons

The entire globe is now descending into an economic collapse that will be far worse than anyone alive has ever seen or even heard of, and I can readily show you why you should believe this prediction about a 2015 economic collapse. I will show you with a level of verification that most people cannot offer. The premise is simple: if my […]

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A 2015 US Recession is Now on the Table

Posted May 29, 2015 By David Haggith

Today, the question on the table changed from “Will there be a US recession in 2015?” to “Is the US in recession?” I’ve stated in this blog that the first quarter’s growth in GDP would likely be revised down to a recessionary number. That happened today. The US government and most economists define a recession […]

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Balts Should Pay for Baltimore Riots!

Posted May 28, 2015 By David Haggith

The City of Baltimore wants the federal government to pay for the Baltimore riots, which it estimates to have cost the city $20 million. And the state of Maryland is begging to have Baltimore declared a disaster zone in a disaster entirely of its own making in order to qualify for government handouts. Such is the climax of our bailout […]

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By Lucian.amarii (Jup) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

Never in the history of mankind have so few stolen so much from so many and gotten away with it Scott free.  Five major banks pled guilty to criminal manipulation of foreign currency exchange rates. Banksters at Citigroup, JPMorgan Chase, Barclays, Royal Bank of Scotland and Swiss giant UBS all used online chat rooms to rig prices.

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YOU WORRY ME! An Open Letter to All Muslim Americans

Posted May 26, 2015 By David Haggith
010911-N-3783H-174
Arlington, Virginia (Sept. 11, 2001) -Ð Smoke and flames rose over the Pentagon late into the night, following a suspected terrorist crash of a commercial airliner into the southwest corner of the Pentagon.  Part of the building has collapsed meanwhile firefighters continue to battle the flames and look for survivors.  An exact number of casualties are unknown. The building was evacuated, as were the federal buildings in the Capitol area, including the White House.  U.S. Navy Photo by PhotographerÕs Mate 2nd Class Bob Houlihan (Released)

The following letter to all Muslim Americans is attributed to Captain John Maniscalco, an American Airlines Pilot, though its real origins remain murky. I’m republishing it here because it speaks my thoughts in an unprejudiced way better than I’ve ever said them myself:

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Cashless Society Has Arrived, and It’s Global

Posted May 23, 2015 By David Haggith
By Vmenkov (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

Half a century ago I remember my mother, as she rolled dough on the kitchen table, listening to radio preachers who predicted that the entire would become a cashless society based on a biblical prophecy in the Book of Revelation. Those preachers are now dead, as is my mother, but their predictions are coming to […]

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Chinese stocks crash in major sell-off. U.S. Next?

Posted May 21, 2015 By David Haggith

I’ve been betting Chinese stocks crash soon because China’s stock market looked perilously high with a debt overhang that could break lose at any time. I’ve been saying the same about the U.S. stock market. A crash has been imminent for both, and now it may be starting in China. To be sure, it is not yet a […]

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Who You Gonna Trust? Goldman Sachs or Me?

Posted May 20, 2015 By David Haggith

In November 2014, Goldman Sachs predicted that 2015 would see a 3.1% rise in GDP by the end of the year. They maintained that we would see “accelerated growth” because “We have arrived at a pretty strong recovery.” They prognosticated that home building still had “quite a bit of upside.” (Goldman Sachs) For U.S. stocks, they predicted they […]

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What are the current economic headwinds?

Posted May 19, 2015 By David Haggith

A cold reality has been blowing into the U.S. since last winter, and it has nothing to do with snow. During a balmy spring one year ago when people were feeling cozy about economic recovery, I said that economic headwinds would build over the summer until they dominated the economy by fall, ending all hopes of recovery.   […]

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Why are wages stagnant?

Posted May 14, 2015 By David Haggith

For some, it’s hard to see why wages have been stagnant because the answer is politically incorrect. When people don’t like a politically incorrect answer, they suppose the real answer must be something more complicated than the obvious, even though they can’t come up with a stronger answer. I’ve reported on the reason for stagnant wages in the past, […]

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