Good find, thanks.
Explains the open borders policy. The future isn’t “us”.
The giddy CNBC Democrat cheerleaders loved the improved consumer confidence report this morning. However, If the GOP does not win control of the Senate, the market will sell off big time. That is the hope and change investors are optimistic about, and it better happen or we are doomed for two more very dreary years.
Michael Pento has broadly the same view: a 20% drop in stocks followed by QE4.
Which seems reasonable - however I wonder if the waters will be muddied by 'stealth QE': otherwise known as 'extremely heavy bond purchases by the Belgians'.
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
What does that mean for prospective homebuyers? Hold off until after the collapse?
I hate articles that set up the problem, and offer no solutions. The end result of the research is worthless without application.
The only reason that this economy is still creaking along is that the Federal Bank is propping it up. They continue to buy stocks and bonds. This is why the stock market keeps growing and growing. Eventually, even this help from the federal bank won’t help. Oh, there will be a crash, and the longer they try to prevent it, the harsher the crash. Here’s what I think this government will do, when the crash comes. 1) They will take all the IRA’s, and federalize it. They will “PROMISE” all those people a return of 3% to 5% of their money, along with their Social security 2) Confiscate all GOLD & SILVER from people that own them. (THEY ALREADY KNOW WHO OWNS THESE PRECIOUS METALS), and all they’ll do is take it. They will make it illegal again to own GOLD or SILVER. And we will be at the mercy of the government.
My understanding is that the Fed not only looks at tons of data (mostly of which is publicly available), but has many people on foot to see first hand what's really happening on Main Street, and to talk face to face with producers and consumers. It was this tactic that gave the Fed the edge on forecasting the economy and setting monetary policy.
Does the Fed not do this anymore? Or maybe the Yellen Fed thinks (feels?) it's no longer necessary.
Obviously we need millions of uneducated illegal immigrants from third world countries.
Yeah, but, all we have to say/type is ‘bring back jobs now,’ in unison and we will be magically saved.
bump
“...the next big stock crash will start its first dramatic leg down between late 2014 and early 2015. Then the Fed will stimulate again “
I think that the idea of stocks crashing after Republicans win big in the election is going to happen - manipulated by the powers that be (Soros, etc.). Just like happened right before Obama got elected. “Stocks fell today with investors realizing the trouble that will be coming with the newly elected republicans....”
While there is a lot of good information there are some flaws in the argument. The Federal Reserve is “forced” to print money because of the size of the Federal Government and out of control spending. It is the job of the Federal Reserve to promote economic stability. As long as the Chinese buy Treasury Bonds and the democrats obstruct economic reform than we will continue on our course until things change.
The author correctly points out the instability of Europe and China. When the Eurozone and China (relatively speaking) crashes our current levels of spending will be unsustainable. It will force a sharp reduction in the size and scope of government and social entitlement programs will have to end. Prices will plummet across the board. At this stage having the Federal Reserve will be vital in preventing a complete collapse.
The good news is America is better positioned to recover than any other nation. We will still be rich in rare materials and resources. We have (for the most part) an educated population and a developed infrastructure. A near collapse will allow us to purge the government of liberals and their Marxist programs. The herd of deadbeats completely dependent upon handouts will be “culled”. As the least unstable country in the world anybody looking to invest their money will look to America first.
It will be the mother of all economic corrections...
Ready as I can be ...Harry
Need to buy some more vegetable seeds....stock some fuel..
Now would be the time for the World to begin big Ag, or else. Food and energy will stave off a massive world war.
I’m not only talking about this government confiscation of the gold and silver privately owned by our citizens. I’m also talking about FEDERALIZING all IRAs. (THIS IS ALREADY ON THE BOOKS) and all the feds have to is is make it a “LAW”. As a matter of fact BILL CLINTON tried to do this, during his tenure as POTUS. Only his plan was to federalize all IRAs for a couple of years. His plan was to confiscate all IRAs “SAVINGS” for a couple of years, to balance his budget. The people that had their money confiscated were to be paid, like the Social Security 2% to 3%, when they retired. (JUST LOOK IT UP). With all that money in the IRA savings account, approximately 10 to 15 trillion, they can pay off most of the debt. The people can then be paid, like Social Security, at 3% to 5% upon retirement, plus their Social Security. THAT’S ALREADY ON THE BOOKS, all they have to do is make it into law