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Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I think the bear is about to be let out of his cage.
Headwinds that are starting to assail deep structural flaws in the US and global economies form the basis for my 2017 economic forecast, which looks like an all-out economic crisis building throughout the world. Some of these headwinds are global; some more locally focused within the United States, but that which brings down the US economy wounds the world anyway. […]
The triumph of Donald Trump as the champion of a revolution against the status quo assures huge economic changes in the coming year, which I’ll list below. His victory struck a shocking upset to the globalists who have steered the last sixty or more years of world history, as I reported in an earlier story about George Soros mourning […]
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.
In the first debate, Hillary Clinton called Trump’s tax plan “trumped-up, trickle-down” economics. It’s the one thing that came out of her mouth that I had to entirely agree with. Many others are saying it, too: New analysis from a nonpartisan group finds that Donald Trump’s latest tax proposals would increase the federal debt […]
I crave the opportunity to see an anti-establishment candidate win the election. I would exult in seeing our corrupt establishment shattered. So, while I do not like Trump the man (as it would appear he has never done anything that didn’t entirely serve his own self-interest and pompous ego), I have thoroughly enjoyed seeing him upset establishment Republicans and establishment […]
Brexit — the second major landslide in the Year of the Epocalypse — has bankers all over the world scrambling to pick up and prop up their crumbled facades this week. This is one more jolt in the developing global economic collapse that I predicted for 2016.
At long last the tyranny of the global financial elite has been slammed good and hard…. The British people have rejected the arrogant rule of the EU superstate and the tyranny of its unelected courts, commissions and bureaucratic overlords…. Smaller government—–at least in geography—–is being given another chance. And that’s a very good thing because more localized […]
What in the World is Going on with Banks this Week? Emergency meetings, banker summits, crashing European banks, and the worst bank reports since the Great Recession
Just about every major banker and finance minister in the world is meeting in Washington, DC, this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is […]
Only a couple of weeks ago, I said we were entering the jaws of the Epocalypse. Now we are sliding rapidly down the great beast’s throat toward its cavernous belly. The biggest economic collapse the world has ever seen is consuming everything — all commodities, all industries, all national economies, all monetary systems, and eventually all peace and […]
In my last article, I described how Republicans and Democrats have equally contributed to America’s national debt AND to our economic crisis. That raised a lot of ire from some people on some blogs, and I’m fine with that because anger is always the response when you try to break through denial, especially mass denial. […]
[The following review is by Jim Quinn of The Burning Platform. I came across it after writing an article about American greed. I thought it makes an excellent companion piece to that article because the themes depicted in the movie and described here are the themes I was writing about.] The Big Short opens nationwide […]
Even the Tweedledumbs of Wall Street are finally catching on to the fact that global economic collapse is happening all around them. Two weeks ago, they could have stood inside the building shown on the left with their nicely polished, rose-colored glasses and seen only signs of an improving housing market. Now enough shingles are falling on their […]
First comes global economic crisis where major economic issues are bursting into flames around the world. Then comes total economic collapse, where the damage is a done deal and we live in the rubble. Right now, in September, 2015, the world is in the economic crisis stage — some parts of the planet more so than others; […]