This article was written by Michael Snyder and originally published at his Economic Collapse blog.
Editor’s Comment: The factors are lining up. President Obama left office with every thing quietly coming to a head; none of the major problems have been resolved, and a cropping to the surface again. The Federal Reserve lost its ability to continually stimulate the economy with unlimited printing and credit; it has months ago scheduled a series of interest rate increases that will put a tremendous amount of pressure on an already vulnerable system.
The millions who’ve been skating by on credit cards and shaky decisions will have no back-up plan in store; commercial lending, too, will clamp down, triggering a series of bankruptcies and failures to pay; loans will be generally more difficult, and slow down the wheel of commerce. The larger debts, still climbing in student loans, auto, housing and the rest of it. The federal government is at apocalyptic debt levels, with Barack Obama adding $10-11 trillion dollars in debt, and bringing the total U.S. debt to at least $20 trillion ā a hole has been created that can’t be escaped.
A great deal of pain is worked into the math of how this all plays out, and through a series of reactive and forward thinking maneuvers, the financial titans will shuffle once again and force the rest of us to cope with some very difficult times that will factor in like clockwork. Get ready, and hedge yourself against the worst of it.
Recession 2017? Things Are Happening That Usually Never Happen Unless A New Recession Is Beginning
by Michael Snyder
Is the U.S. economy about to get slammed by a major recession?Ā According to Gallup, U.S. economic confidence has soared to the highest level ever recorded, but meanwhile a whole host of key economic indicators are absolutely screaming that a new recession is beginning.Ā And if the U.S. economy does officially enter recession territory in 2017, it certainly wonāt be a shock, because the truth is that we are well overdue for one.Ā Donald Trump has inherited quite an economic mess from Barack Obama, and it was probably inevitable that we were headed for a significant economic downturn no matter who won the election.
One of the key indicators to watch is average weekly hours.Ā When the economy shifts into recession mode, employers tend to start cutting back hours, and that is happening right now.Ā In fact, as Graham Summers has pointed out, we just witnessed the largest percentage decline in average weekly hours since the recession of 2008ā¦
In addition to the decline in hours, Summers has suggested that there are a number of other reasons to believe that a new recession is hereā¦
The fact is that the GDP growth of 4%-5% is not just around the corner. The US most likely slid into recession in the last three months. GDP growth collapsed in 4Q16, with a large portion of the āgrowthā coming from accounting gimmicks.
Consider the following:
- Tax receipts indicate the US is in recession.
- Gross private domestic investment indicates were are in a recession.
- Retailers are showing that the US consumer is tapped out (see AMZNās recent miss).
- UPS, another economic bellweather, dramatically lowered 2017 forecasts.
To me, even more alarming is the tightening of lending standards.Ā In our debt-based economy, the flow of credit is absolutely critical to economic growth, and when credit starts to get tight that almost always leads to a recession.
So the fact that lending standards have now tightened for medium and large sized firms for six quarters in a row is very bad news.Ā The following comes from Business Insiderā¦
āAlthough modest over the past couple of quarters, it is still worth noting that this is now the sixth quarter in succession that standards have tightened for large and medium sized firms,ā Deutsche Bank economist Jim Reid wrote in a research note to clients.
āThis usually only happens in recessions.ā
Reid is 100 percent correct on this point.Ā This is precisely the kind of thing that we would expect to see if a new recession was beginning, and if this trend continues it is hard to imagine that the U.S. economy will be able to continue to grow.
And it is interesting to note that job growth at S&P 500 companies has gone negative for the first time since the last recession, and so large firms are definitely starting to feel the pressure.
Simultaneously, lending standards are also tightening up for consumersā¦
āThe most notable tightening in standards though was in consumer loans,ā the Fed said. āDuring the quarter, banks reported an 8.3% net tightening in credit standards for credit cards and 11.6% net tightening for auto loans.ā
US consumer spending accounts for more than two-thirds of economic activity and is thus a key driver of growth in the worldās largest economy.
Those numbers for credit cards and auto loans are major red flags.
It is very simple.Ā Tighter credit means less economic activity which means slower economic growth.Ā The U.S. economy grew at a dismal 1.9 percent annual rate during the 4th quarter of 2016, and it would be absolutely no surprise if we end up with a negative number for the first quarter of 2017.
One of the big reasons why lending standards are tightening is because bankruptcies are rising.
As I reported the other day, consumer bankruptcies just rose on a year-over-year basis in back to back months for the first time in almost seven years.Ā Commercial bankruptcies had already been rising on a year-over-year basis throughout 2016, and so the fact that consumer bankruptcies have now joined the party is a very bad sign.
And we have also just learned that real median household income declined in 2016ā¦
Its official! The spectacular Obama/Fed ārecoveryā produced no increase in real medin household income in 2016 (the last year of Obamaās reign of [economic] error). In fact, real median annual household income in December 2016 ($57,827) was 0.9 percent lower than in December 2015 ($58,356).
Yes, I understand that there is a tremendous amount of optimism out there right now because of Donald Trump.
But the truth is that it is literally going to take some sort of an economic miracle to avoid a recession.
And if a recession is going to happen anyway, the Trump administration should want it to occur as quickly as possible.
You see, if a recession starts a year from now, it will be much more difficult for Trump to blame it on Obama.Ā But if a recession starts right now, he will definitely be able to argue that it happened because of the mess that he inherited from the last administration.
In addition, the sooner the next recession ends the sooner the next recovery can begin.Ā If a recession is still going on during the 2020 campaign, that would be really bad for Trump, but if a recovery is well underway by then that would be really good for his chances.
If you doubt this, just go back and look at the 1984 campaign.Ā After a very difficult recession, the U.S. economy bounced back strongly and Ronald Reagan was able to ride that momentum to an easy victory.
So this may sound very strange to many of you, but the truth is that if a new recession is coming Trump supporters should want it to happen as rapidly as possible.
Unfortunately, once a new recession begins it may not play out like recessions normally do.Ā The U.S. government is 20 trillion dollars in debt, we are in the midst of one of the biggest stock market bubbles in history, and our planet is becoming more unstable with each passing day.Ā So even though Trump is in the White House and Obama is gone, let there be no doubt that a catastrophic economic crisis could literally erupt at any moment.Ā I continue to encourage my readers to do all that they can to get prepared, because those that are prepared in advance will have the best chance of successfully getting through what is coming.
Unfortunately, a lot of people out there seem to believe that all of our problems have somehow evaporated just because Donald Trump is now living in the White House.
That is simply not true, and we all need to be praying for guidance and wisdom for Trump and his team as they prepare to deal with the great challenges that are ahead for our nation.
This article was written by Michael Snyder and originally published at his Economic Collapse blog.
It Took 22 Years to Get to This Point
Speaking to author and podcaster Dana Parish, former Centers for Disease Control and Prevention...
The United States just made a decision that could lead to World War 3. The current ruling class...
This article was originally published by Lance D. Johnson at Natural News.Ā In the global war to...
Russia has just announced that conscription in the former Soviet Union is "unnecessary" as...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
https://www.youtube.com/watch?v=JSUIQgEVDM4
ht_tps://www.youtube.com/watch?v=JSUIQgEVDM4
grandee in the front room wants to know why THIS is not being reported???? CAUTION..Some very graphic images.
POLICE GO ON STRIKE IN BRAZIL, CITIES BEING WIPED OUT IN “PURGE” FASHION–plz read what the locals are saying about not having the ability to defend.
http://www.politicaloutsource.com/2017/02/police-go-on-strike-in-brazil-cities.html
Yea i listened to a short piece on that yesterday on BBC news, supposedly the murder rate spiked by 2000% or something crazy like that almost over night
Yeah, it could happen. š
The end of the business cycle ALWAYS produces credit tightening (higher credit standards), excess inventory, liquidations, bankruptcies, massive layoffs, and a reduction in consumer spending.
So what if loan rates for new cars and other durable goods are inching higher ??? The market is SATURATED after 8 years of stimulus and that is why inventories are building.
The RESET will be harder for some than others. Let’s remember that the 100 million Americans out of the job force have already adapted to a “depression era lifestyle” and most likely are now part of the “underground economy”.
Many people here probably fall into that category. Car salesmen should apply to Circle K now to avoid the rush.
I expect the FED to trigger a SHARP market crash and an 18 – 24 month “recession” relatively soon, as corporations have refinanced $100 Billion in debt. There is nothing unusual amount that. The only unusual aspect of this crash is the massive aggregate dollar amount (percentages likely to remain the same) of the losses:
which is to be expected when one considers that President Obola increased US Debt and spending by $9 trillion while in The Oval Office. Globally the debt is even larger and other countries will face systemic, even existential, risks. š
This will allow President TRUMP to RADICALLY cut government bureaucracy, and re-allocate wasteful government spending as he implements a REORIENTATION of the socialist economy in the USA towards real capitalism.
This will trigger social unrest, especially in DC and in Liberal Villages all across the country, giving Patriots a good excuse to incarcerate or shoot trespassers this Spring and Summer. This social unrest will be exacerbated by indictments against Liberal Criminals.
America will be great again !!! š
The tree of liberty must be refreshed from time to time.Done
There is no amount of truth that will sooner or later be manifest destiny….your insight breeds contempt by liberals and the means of socialistic justice by the fiery rhetoric of the entitlement crowd….Trump is holding the joker as he picked Pence as his running mate…Impechement is just around the corner…except here the trump card gets played..NO ONE wants Pence in the oval office….What a stringy by the Trump team….Now the joker is played….Yes history will be written by the commie-Semites and the Right wing media controlled by the latter…at best the propaganda has influenced the last century and will continue unabated and the groundhog day like illusion fragmenting the intelligence of the masses unabated by all that resembles the awakened truth to the plight of our planet…needless to mention U S sovereignty of the NWO United Nations of banking Neo-Con Israel Lobby….Trumps team overwhelmingly Ashkenazi Judaic’s…If there is a slant in his politics it’s obvious who controls him…..Let history show the demise of Amerika now control by Israel and the lobby of AIPAC to be the enslavement of the goyim citizen of Israel-Amerika…Humpty Trumpty will fall and never be put back together again….But what inertia is created will in fact change our direction as a country….He is a puppet or an egg head…I hope your ideal has merit as many believe as you do…this is not a slander but an irony od semantics justified by understanding who controls the outcome of all political unrest and subversive tranny by the unseen hand of globalist fracturing solidary of the common man…anyway…I regress Gc
Sir, you hit the nail right on the head.
Why do you suppose so many politicians
hold dual citizenship with Izzy? THAT’S
only the tip of the iceberg. We have all
been sold into [wage] slavery VERY long
ago. The USA is a desirable piece of real
estate & once we the people have outlived
our usefulness it’s adios for us all, E.F.
So what else is new?
Michael’s record at “predicting” economic turmoil leaves everything to be desired.
deny michael’s facts all you want…we make LESS money, inflation adjusted, than we did in year 2000…the last year for “normal” house prices. so how do we justify double-priced homes, when we have LESS money?….interest rates, THAT’S how….and when interest rates go UP, home prices FALL. i can’t say when, but in the next few years, home prices fall by 50%….it’s all about MATH….and math IS like gravity……it’s LAW, and can’t be dicked with long-term….BANK ON IT. appocalypse is coming, and there’s not a damn thing anyone WILL do about it.
Good call.
Those that don’t heed warnings will ultimately suffer the most.
Snyder’s handle on the facts evaporated along with his support for Hillary.
SNYDER AGAIN? Ho hum, I’m going back to sleep.
201220132014201520162017 the Beginning Of the End U.S. Economy About To Get Slammed By A Major RecessionOn and on we go…
what you “don’t get” is that the powers-that-shouldn’t-be have control over this sh*t….until they DON’T…..they’ve confounded U.S. for all these years, putting off the depression time and time again with their too-low interest rate policies….all the while GUARANTEEING the eventual out come will be MUCH worse…..to where now, there’s no way to save it. i can’t say WHEN, but i DO say it’s a surety to happen…..look at the math…it’s LAW, as you’ll remember….i can’t help but wonder, which part don’t you believe?….if it’s just the DATE….ok, i will give you that. we been wrong for long on WHEN….but we won’t be wrong on WHAT.
Yesterday my bank sent me a credit card application in the snail mail. I threw it away. Why bother with credit in this crappy economy? Everyone should be working on becoming debt-free considering what we’re facing. For those of you who are already debt-free, congratulations and stay that way. Concentrate on preps. Going to be a rough ride.
unfortunately the bulk of Americans are unaware or simply like sand embracing their heads that the math is real and that ww3, civil war and massive depopulation is inevitable. My own family is replete of any sanity concerning this subject so I just try and keep the piece by wiring my jaw shut.
Kinda like prepping,
Prep for the worst, hope for the best,,
Had someone make a rude comment about preppers and why in the hell do you need to store months of food,
They must not have relatives who lived during WW2
If you didnt have a garden or some livestock or werent a good fisherman every day over here, you didnt eat real well,
Snyder said the economy would positively crash September 2015, then no later then the end of 2015. He is a doom whore of the highest order. Things may indeed crash, but do not be deceived, he blogs to sell ad space period.
Re: President Obama left office with every thing quietly coming to a head; none of the major problems have been resolved,
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
āBut 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.ā
When Barack Obama became president, the U.S. government was 10.6 trillion dollars in debt. Now, the U.S. national debt is OVER $20 trillion dollars.ā
(This does NOT include state and local government debt, corporate debt or household debt.)
āBut 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.ā
Donald Trump āwill soon be faced with some incredibly heartbreaking choices.ā
http://www.zerohedge.com/news/2016-12-03/shocking-truth-about-how-barack-obama-was-able-prop-us-economy
We All Lose: Obama’s Legacy And What It Means For A Trump Presidency
āAfter eight years in office, Barack Obama leaves our nation with a weakened Constitution that has been dealt one crippling blow after another by court rulings and government overreach… and endless wars abroad, and with a citizenry more broken and oppressed than ever.ā
https://www.rutherford.org/publications_resources/john_whiteheads_commentary/we_all_lose_obamas_legacy_and_what_it_means_for_a_trump_presidency
(in 2013) Rewriting History…Commerce Dept. ārevised numbersā back to 1929
āIt isnāt so much that the administration is goosing the numbers, itās that their defenders wonāt mention the changed measurements and use the increase as PROOF that Obamaās policies are āworking.ā
Why? This āeconomic history rewriteā added over $500 billion to the U.S. economy and added 3% to GDP growth.
(Formerly, was known as GNP, now called GDP.)
http://www.marketwatch.com/story/the-new-gdp-methodology-what-you-need-to-know-2013-07-31?siteid=bnbh
Butt is correct in the fact that we have less money. I have been on Social Security for 6 years with no appreciable raise. In three of those years we got no raise. One year we got 1 1/5 percent. (Big deal.) Congress says the cost of living has gone down. My electric bill continues to raise. My medical premiums have gone up. Food prices haven’t changed much, but it is because packaging had become smaller. Remember when canned fruit and vegies were one pound? Now they are 10 and 12 ounces. We are forced to live on less and less. This is a shame when you lived your live as a productive citizen and now spend retirement in poverty. It’s not just me, everyone I know in retirement says the exact same thing.
Wilson. Yep – Justa single Google search says different.
GM Posts Record Second-Quarter Earnings, Raises 2016 Profit …ā
General Motors Co. raised its 2016 guidance and posted record second-quarter earnings of $2.9 billion, beating analysts’ estimates by a wide margin as …
https://bloomberg.com/news/articles/2016-07-21/gm-raises-2016-p…
More results
General Motors Earnings Releases | GM.comā
DETROIT – General Motors Co. (NYSE: GM) today announced record third-quarter earnings and revenue driven by robust retail sales in the United States, strong …
https://gm.com/investors/earnings-releases.html
Auto Stock Roundup: GM’s Record Results, Tesla’s Surprise …ā
The third-quarter earnings season has turned out to be unexpectedly good for the auto sector. While General Motors Company (GM – Free Report) reported record results …
https://zacks.com/stock/news/236575/auto-stock-roundup-gms-…
GM hikes 2016 profit forecast, boosts stock buyback by $4 billionā
GM raised its earnings projection for 2016 by 25 cents a share, increased the size of its share buyback and boosted the dividend to start the year.
autonews.com/article/20160113/OEM/160119842/gm-hikes
Sounds just like the housing bubble, just with value added stock buybacks. The used car market should be next with all the leases coming due and the repossessions. Too many cars, too few buyers. I was wondering when the new arrivals were going to trade in their 15 yr old minivans for the BMW’s those other people are driving around in now.
massive layoffs every week by big retail brick and mortar so what space aliens are coming down to purchase these products?
Jeff Sessions was voted on and Approved and is the Trump’s New ATTY General. Yeah, lets get these Hillary Indictments a cooking now.
And…..This is Pretty Funny!!
Hedge Fund Of Hillary Clinton’s Son-In-Law Has Shut Down
By Tyler Durden
Feb 8, 2017 11:41 AM
Less than one year ago, we reported that Marc Mezvinsky, the husband of Chelsea Clinton and the son in law of Hillary and Bill Clinton, had shut down its Greek Fund after suffering 90% losses. To wit:
Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton’s son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter last February they had been “incorrect” on Greece, generating staggering losses for the firmās main Eaglevale Hellenic Opportunity, a/k/a the “Greek recovery” fund during most of its life. By ‘incorrect’ the Clinton heir apparent meant the $25 million Eaglevale Greek fund had lost a stunning 48% in 2014.
The closure took place just three years after Institutional Investor proclaimed Mezvinsky “a hedge fund rising star” in 2013.
The New York firm shut down last month, sources said. Eaglevale, led by Mezvinsky and two former colleagues from Goldman Sachs, enjoyed early backing from blue-chip names including Goldman chairman Lloyd Blankfein and Avenue Capital founder Marc Lasry. But the flagship Eaglevale Partners Fund suffered from weak performance, and last year the firm shuttered a small vehicle focused on investments in Greek debt after it lost an estimated 90%.
Why shutter so fast after the Hillary defeat? Perhaps because without having links into the state department, or the broader US government, any “informational arbitrage” edge Mezvinsky had hoped to have with Hillary as president, was finally gone.
http://www.zerohedge.com/news/2017-02-08/hedge-fund-hillary-clintons-son-law-has-shuts-down
Zeus, LOL! I saw that article yesterday. It also said the Clinton Foundation is in deep do-do. No more ‘contributions’ coming in since they don’t have any political office to sell anymore. Poor commie POS! My heart bleeds purple peter juice for them. [SARCASM]
It’s all because H.G. Wells was talking to FDR in the White House right before he was almost overthrown by the people who put him in there. Or it could be that Ho Chi Minh hacked the election. In any case the the Brown Shirts, I mean the White Shirts are shorting the market they pumped up. You so know about the White Shirts right. Follow the money men, because they need more excuses to take more money. While the guy that gets thrown under the bus and blamed for it all, will be paid handsomely for his next bankruptcy. Number five I believe.
2017 the Beginning Of the End: āU.S. Economy About To Get Slammed By A Major Recessionā
Maybe all those Billions of Dollars need to come back to the U.S. from the ungrateful cesspool called Israel.
– and Europe and South America and Canada and Aisa and Mexico and (too many to actually list)
US Dollars abroad ALWAYS return to the USA for re-investment in a crisis at the end of the business cycle. That is happening now, as I described here several years ago.
Its business (cycle) as usual. š
2016, the last year of O’Nero’s reign of “economic TERROR”, whereby he did as much damage to the economic strata of the USA; all the while the Congress did absophuckinglutely NOTHING to stomp a mud-hole in the brown clown’s arse.
Suffice it to say, if Hillary were allowed to have been chosen, we’d be in a shooting war with Russia and or China by April. Trump is getting arse raped by the Fed, moles and squirrels in the .gov agencies by Obamatrons and socialists (why bother to call the Democrat loyalists anymore?).
Brass, lead, powder, beans, bandaids and a few PM’s. Keep stacking, prepping and praying.
Be well,
Cat
Trump is getting arse raped by the Fed, moles and squirrels in the .gov agencies by Obamatrons and socialists (why bother to call the Democrat loyalists anymore?).
Demmit! That’s not what I want to read.
The tables must be turned! And it’s time for these Dem Traitors to get hot poked.
I can not seem to transfer this but may you all can and if you do please put it on this site it is very interesting
Here we go
Sundays Sci-fi Short film 2016 full H.D. BEST SCI- FI movie 2016
High Ratings 14:49 Published Jan. 11, 2017
Good luck
And I THINK this tells it like it is……….
Snyderā¦ā¦you have been saying the same BS since I was born.
boy, are YOU gonna be surprised.
Keep saying it eventually it will be true.
thank you.
There is nothing new under the sun. A time to live. A time to die. Everything happens in its season.
2017 is the season for Market Crash; or a 30% correction. š
Essential context about Trumpās refugee ban ā Made in Israel
If Americans Knew Blog
By Alison Weir – February 4, 2017
President Trump has issued an executive order suspending entry to the U.S for people from Iraq, Syria, Libya, Somalia, Sudan, Iran, and Yemen (the order is called āProtecting the Nation From Foreign Terrorist Entry Into the United Statesā). These same countries were the focus of the āVisa Waiver Program Improvement and Terrorist Travel Prevention Act of 2015ā under President Obama.
While reports on Trumpās ban emphasize that these are Muslim majority countries, analysts seem to have ignored another significant characteristic that these countries share.
With just a single exception, all of these countries were targeted for attack by certain top U.S. officials in 2001. In fact, that policy had roots that went back to 1996, 1991, 1980, and even the 1950s. Below, we will trace this policy back in time and examine its goals and proponents.
The fact is that Trumpās action continues policies influenced by people working on behalf of a foreign country, whose goal has been to destabilize and reshape an entire region. This kind of aggressive interventionism focused on āregime changeā launches cascading effects that include escalating violence.
Already weāve seen devastating wars, massive refugee movement that is uprooting entire peoples and reshaping parts of Europe, desperate and horrific terrorism, and now the horror that is ISIS. If this decades-long effort is not halted, it will be increasingly devastating for the region, our country, and the entire world.
FULL STORY: https://israelpalestinenews.org/essential-context-trumps-refugee-ban/
For your reference:
Germany Brings Its Gold Stash Home Sooner Than Planned
Thursday February 09, 2017 06:00
By Andreas Framke
FRANKFURT, Feb 9 (Reuters) – “Germany’s central bank is bringing home gold reserves stored in places like New York and Paris faster than planned, it said on Thursday, as confidence in the euro ebbs even in the heart of the currency bloc after a decade of a sluggish economy. Stashed away at the height of the Cold War in safe havens well out of Moscow’s reach, the 3,378-tonne, 120 billion-euro gold stockpile has become a symbol of Germany’s economic ascent and a guardian of its stability.
But with Europe stumbling from crisis to crisis, the German public has grown uneasy about keeping the gold abroad. Some even argue the world’s second biggest bullion reserve may be needed to back a new deutschmark, should the euro zone break up.
Having already moved 583 tonnes of gold out of New York and Paris, the Bundesbank plans to have half its gold in Frankfurt by the end of 2017, years ahead of its 2020 schedule, with the rest split between the Federal Reserve Bank of New York and the Bank of England…”
http://www.kitco.com/news/2017-02-09/Germany-brings-its-gold-stash-home-sooner-than-planned.html
Speaking of gold, how are all the goldbugs doing today??? Gold is down $24 at this point. I took a nice beating today and probably will tomorrow as well. Some are saying it will go down further, others think it will bounce a bit tomorrow.
Giving everyone the Goldfinger, the gold will now be put where Chaos can get to it. Odd Jobs and selling Pussy Galore will have hold you over in the interim. The checks in the mail so they say. And they promise not to…….Gotta pay for those refugees somehow.
it says that ” Donald Trump has inherited quite an economic mess from Barack Obama” how about the truth, i think the 08 crisis was already in effect when Obama took over, and no i am not his fan but lets tell the truth and stop the bullshit.And it says “if a new recession is coming” well guess what ass munch the old recession is still upon us.Oh we need to pray for Trump, you mean the guy that supports asset forfeiture? The guy who threatens to destroy the career of a congressman who does not agree with him or the guy who tweets that the oval orifice is going after a major retailer.
Like i said, “Turds on the horizon”
NOPE!~!!! Ain’t going to happen.
Trump is now on the verge of the largest tax cut in history coving all bases. When people have there own money the spend it on new things and thus the taxes collected goes into the Government coffers. This gives the Government money to spend on everything.
We have heard this before the CRASH is coming! Its starting to sound like the SKI IS FALLING!!!!!
If I’m wrong so what they have been wrong for the last 10 years.
Sgt.
All politicians since 1913 guilty of committing and perpetuating treason. Read the following link and see if you agree:
http://www.libertyforlife.com/constitution/us-16th-failed-ratification.htm
Off topic:
Mass graves outside of Damascus. Men, women, and children tortured and killed by terrorists.
U.S. performing war games at the border with Iran.
Lady Gaga performs at Football Game.
Jeff Sessions is the new Attorney General, confirmed.
The IRS has been terrorizing the American people since 1913.
Blumental, a big fat liar, says: Gorsech…
Pro-Trump rallies nationwide to support The Donald in his work bringing jobs back to the USA.
And an answer to the anti-Trump riots.
Children are taught that they don’t have to decide if they are male or female until they grow up.
Children are kidnapped by the State in Canada for proWhite politics.
Community service is a push toward communism in the USA.
The individual is being diminished and The State replacing the family.
? Happy Valentine’s Day — in a few days.
_
HR899
The Department of Education shall terminate December 31, 2018.
__
B of CA. HR 899 should include the Fed as well as the IRS, the EPA and the Democrats.
This bill would end Federal involvement in education, returning the schools to local control where it belongs.
__
B C
I hope this bill gets passed. What a difference it would make.
I had a n argument with the school board several times over spending. They spend closed to 1 million dollars a year on students that will never be able to do anything or add to society. I know these kids need some attention, but when you spend more money on 20 kids out of 1,000 kids in short more money on 20 kids than the other 980 kids at the school. That some day might add to the world. Like energy, medicine, space travel, ECT. Some of these kids can’t talk, can’t hear, Can’t see, can’t respond to stimuli. I was told by a Special Ed teacher once that most of these kids are dropped off at the school so that the teachers can act like a baby setter. The teacher told me that when they started 25 years ago that they were helping kids that had a chance to advance and add to society. Now 90% are ones that will never do anything but be taken care of by someone for the rest of their lives.
This has to change.
Sgt.
And now those same students are going to be taking end of year tests in NC. They can’t read. Some of them can’t even hold a pencil. Yet they are going to be given standardized tests, and their scores are going to be averaged in with all the others to determine the school’s grade. Any school with a higher than average number of those students will automatically score so low that the county will punish the school by closing it and sending the students to other schools, which will then fail the following year.
Archivist and Sarge, the schools have really done their job of ‘dumbing down’ the kids.
I’m not talking about dumbed down kids. I’m talking about retarded and autistic kids, some of whom don’t even comprehend what a pencil is and still wear diapers. It’s ridiculous to give someone a test when they can’t read at all or can’t even hold a pencil properly to mark the answer sheet. And it’s also ridiculous to then add their zeroes in with the scores of the regular students to grade the schools.
Mac, Take a look at this article chum. How about reposting it here to let the fish frenzy over.
Warning: Do You Recognize these Five Common Piles of Prepper BS
http://www.thesurvivalistblog.net/break-free-with-reality-five-common-piles-of-prepper-bs/
Start of a recession? What the hell have we been in the last 8 years?
The whole world is bankrupt…including the state I live in.
In order to try and balance the budget, they are rolling out a per capita “police tax”. If your township, municipality or borough doesn’t have it’s own police force, it will be required to pay $25 for each person for state police coverage.
What bullshit. We already pay tax for the state police. Now they want to double tax? I say “can em” if they can’t afford them and their bloated bennies, salaries and pensions. Reduce government if you can’t afford it.
Who needs costumed clowns anyway. They didn’t ask me. All we need is a duly elected sheriff and an armed population. He can deputize a posse if need be.
Get rid of the unconstitutional laws and get rid of the police, too.
They will tax you until you are living under a bridge in a refrigerator box just to keep what they have, rather than cut back. Freakin’ parasites.
FTP
FTPS
JRS
Get rid of the unconstitutional laws and get rid of the police, too
Get rid of the police and you will get rid of the unconstitutional laws, because there will be no Law or Order. You will have only the strong ruling with no mercy make up their own rules as they go. You will have Chaos and Anarchy.
Sgt.
“You will have only the strong ruling with no mercy make up their rules as they go.”
Appears that is what we already have…a top-heavy state that makes up whatever rules benefit them and keeps their power intact.
You see things differently because you are part of the state and your paycheck depends on state power and taxes.
The term anarchism is a compound word composed from the word anarchy and the suffix -ism, themselves derived respectively from the Greek į¼Ī½Ī±ĻĻĪÆĪ±,i.e. anarchy (from į¼Ī½Ī±ĻĻĪæĻ, anarchos, meaning “one without rulers.” All the anarchists I know or know of are peaceful people, unless you choose to screw with them. I welcome anarchy, which equates to self-government… but chaos, nor so much, even though that is what we are now facing. There must be a “shaking” to bring down the house of cards so that mankind can evolve. The uni/omniverse is not static, but in constant chaos. Let’s get it on.
Sarg:
I appreciate the police.
__
Trump needs to begin explaining to the American people that the upcoming economic crisis is the result of Obama’s policies.
Absolutely. If he’s going to be straight-up, he needs to back off the MAGA rhetoric. I expect that his intellect and intuition will lead him in a direction so as to minimize the damage that the world and the U$ is facing. If he in incapable or otherwise unable to “get real” his ego will be his undoing. Expect him to succumb to the devil on his shoulder, his ego. It’ll be an interesting show.