The following is a guest editorial from one of The Great Recession Blog‘s faithful readers who prefers to simply go by his pseudonym “Auldenemy.” I wanted to share it here because it offers observations from the UK — the first nation to exit the EU — that closely parallel the immigration issues that fueled Donald Trump’s […]
Cirrus clouds wavered overhead like a circus big top billowing in a summer breeze. Sunlight filtered through, making it a warm, hazy afternoon for the kaleidoscopic disarray of people jumbled on the fairgrounds. A large banner that read “The World’s Fair or Bust” rippled above the ground and flapped in the breeze. Small groups of […]
When their Anointed One lost the election, big television news networks and primary newspapers coined the term “fake news” because they were angry at alternative media for eroding deep into their domain. It was time to expose these fakers because audiences were fleeing to alternatives to establishment media as certainly as they fled to alternatives to establishment politicians.
Late in 2016, I predicted the week after the election would be hell week as people revolted against the election results, and it was so. First, the mainstream media stared into living rooms in shock and awe as they reported with tear-brimmed eyes that the nation had not voted for the media’s Anointed One. Then city blocks closed down to […]
I have struggled to understand George Soros because he is a character riddled with contradiction. His push to break down borders by increasing immigration all over the world is undermining his desire to establish a unified Europe and a unified world. By pushing too hard, too fast, he’s creating obvious pushback. So, I decided to work on an article that […]
So, 2016 wasn’t the predicted Epocalypse, but it sure was weird! Globally, it was a year of continued economic malaise and increasing financial risks. Most notably, though, it was a year of political upheaval that pitted voters in the UK, Italy and the US in civil wars at the ballot box. Here are a few of the otherworldly highlights […]
I begin my 2017 stock market predictions with a recap of last year’s predictions. In an article back in 2015 titled “The Epocalypse: What Will D-Day Look Like?” I predicted the Fed would raise rates on December 16th, 2015, and the US stock market would crash immediately. Counterintuitively, I said it would crash by shooting upward for […]
Europeans must have been delighted to discover that one thing is working as well as it has since the start of the Great Recession. Behemoth banks that are failing are still able to pay their Christmas bonuses to their top executives and give nice dividends to their shareholders thanks to Super Mario Draghi.
President Obama is systematically diminishing the sovereign powers of the United States president by yielding numerous regulatory powers to the office of UN Secretary General. His latest maneuver to strengthen UN regulation of Israeli settlements may not be the finale of his closing months as president but the prologue to years ahead by pushing his legacy to where he can continue to carry it out […]
Since Trump’s election, the US stock market has climbed unstoppably along a remarkably steep path to round off at a teetering height. Is this the irrational exuberance that typically marks the last push before a perilous plunge, or is the market reaching escape velocity from the relentless gravity of the Great Recession?
I’m afraid the Trump train is headed for a sharp economic curve that takes the US further away from free-market capitalism. The US already pulled out of the free-market station a long time ago, but Trumponomics moves deeply into a “mixed economy,” an economy in which government funding and private funding are married. The bankster-baron confederation in the Trump cabinet is […]
Banksters and their pocket politicians, barons of industry and their lickspittle lobbyists — these are the establishment, and these are the navigators that surround the helm as Trump takes the wheel and prepares to cast off. Nothing provides better clues as to where this voyage is headed than the carefully selected expertise of the chosen crew.
The best way to foresee Trump’s real direction once he becomes president is to evaluate the team he’s assembled. Typically, a leader selects people with a strong track record of working in the direction the leader intends to go. This article looks at the trifecta at the top of Trump’s team to see if they embody his promises