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The Coming Economic Storm
American Thinker ^ | 20 Jun, 2022 | Brian C. Joondeph

Posted on 06/20/2022 4:03:39 AM PDT by MtnClimber

Could this be what President Trump meant in 2017, when he spoke of "the calm before the storm"?

President Donald Trump, while meeting with a group of military leaders in the White House in 2017, cryptically warned of “the calm before the storm.” When asked by reporters what he meant he simply replied, “You’ll find out.”

There has been much speculation as to what “storm” Trump was referring to, ranging from overturning a fraudulent election to devolution. While his comments from five years ago remain inscrutable, today a real storm is on the horizon, plain to any American consumer. This storm is economic, perhaps a hurricane, as JPMorgan Chase CEO Jamie Dimon described it, the likes of which may be terrifying and life-changing to those caught in the maelstrom.

Before I am accused of hyperbole, several financial gurus have likened current economic conditions to a storm, as I chronicled in a recent article. An SMU professor agrees, “We’re seeing these massive dark clouds on the horizon.” A coming storm is an apt description.

Was the Trump presidency, with $2 gas, low unemployment and inflation, peace and prosperity, the calm before the current economic storm? Did Trump know what lay ahead, teasing out a prediction? Regardless of what President Trump was alluding to, an economic storm is definitely coming, not just on the horizon but already taking its toll on hard-working Americans.

Inflation is at 8.6 percent, the official government number for the CPI. This is based on a basket of goods and depending on what is measured and how it is weighted, may misrepresent the inflation rate facing consumers on a daily basis. For example, the Truflation Dashboard reports inflation at 13.2 percent, with food costs up 26.5 percent.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Society
KEYWORDS: recession

1 posted on 06/20/2022 4:03:39 AM PDT by MtnClimber
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To: MtnClimber

2 posted on 06/20/2022 4:03:49 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber
Trump was getting America economically rebuilt and self sufficient in anticipation of the coming economic chaos in the world economy. Becoming energy independent was a cornerstone of his plan. It is no coincidence that destroying our energy industry was literally Biden's first act in office.
3 posted on 06/20/2022 4:11:28 AM PDT by rdcbn1
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To: MtnClimber

A lot of people must be smoking dope if they think Joek is doing a great job with the economy. Correction:Ther ARE smokin dope.


4 posted on 06/20/2022 4:12:06 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: HighSierra5

We’re in the eye of a hurricane.


5 posted on 06/20/2022 4:13:51 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: MtnClimber

The debts are unpayable. Hundreds of trillions. Not going to paid. Everyone knows that. But we’ve been taught to live in fear. You can’t “not pay” that debt!! That would be awful! It would destroy banking! We’d all be doomed!

Jubilee is the only solution. It will come. The world will default on debt and we will start over. Don’t be afraid of it. They want you to be afraid of it, because the debt is how the globalists turn us into slaves.


6 posted on 06/20/2022 4:32:28 AM PDT by ClearCase_guy (I don't want to be part of a union of 50 states. We tried that. It doesn't work.)
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To: MtnClimber

To do anything would require the military - the tip of the spear for intelligence - to expose and arrest those who are involved in wrecking America and damage to democracy during elections.


7 posted on 06/20/2022 4:39:59 AM PDT by Jumper ( )
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To: ClearCase_guy
Jubilee is the only solution. It will come.

Thank you for stating the obvious, which so many are unable, or refuse to, see.

In 1945, Reichsmarks were worthless and all RM debts were void.

By 1960, the DM was one of the world's leading currencies. Same with Japan.

We don't have a king to proclaim the Jubilee (yet), we probably have to fumble our way into it, but if you think Goldman Sachs and BoA are going to wind up on top, you just don't know your history.

Usury is a sin and it has always been a crime, it's not a basis for a monetary system, and the usurers are skating on increasingly thin ice.

8 posted on 06/20/2022 4:41:56 AM PDT by Jim Noble (I’ve stumbled on the side of twelve misty mountains)
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To: ClearCase_guy

Prices are pumped up because of borrowing. A jubilee would reset all prices DOWNWARD especially in the medical sector of the economy.


9 posted on 06/20/2022 4:49:16 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: ClearCase_guy

So that means all the honest and responsible people who toiled for years and saved their money, will lose everything. It doesn’t seem so great to me.


10 posted on 06/20/2022 4:55:15 AM PDT by Flavious_Maximus
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To: MtnClimber

Just before Trump’s election in 2016 I used to tell people I think we have about 10 years. Now, I don’t even think we have five. And I doubt that we have two.


11 posted on 06/20/2022 5:16:53 AM PDT by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
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To: Flavious_Maximus

This happened in the late ‘70s. One of my friends parents had saved up enough to retire, and did retire. Inflation destroyed their retirement and they had to go back to work.


12 posted on 06/20/2022 5:17:48 AM PDT by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
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To: MtnClimber
The war on America's suburbs has opened a new front. Buried in President Biden's proposed budget for 2023 is a $10-billion bribe for suburban communities to remove zoning barriers to high-density housing. The federal government promises the suburbs funding for street improvements, traffic control, and water and sewer lines if they adopt "housing-forward policies" that eliminate single-family zoning and open their communities to "affordable housing."

https://freerepublic.com/focus/f-chat/4072503/posts

When food prices double and gas goes to $10/gal, rural people who commute 60-80 miles a day round trip won't be able to afford to live rural and will have to move towards the cities. Multi-family dwellings will be needed. The extra money in those areas' economies will allow them to be like the cities with a camera on every corner, gunshot sound detectors. By that time we'll also have our digital IDs to spend our digital money.

Agenda 2030 is right around the corner. Rural land will go back to wild like they want it to.

If the globalists get their way.

13 posted on 06/20/2022 5:20:25 AM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: Jumper

“To do anything would require the military... to expose and arrest those who are involved in wrecking America and damage to democracy during elections.”

Those doing the wrecking and damage control the military.


14 posted on 06/20/2022 5:43:00 AM PDT by BiglyCommentary
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To: Pollard

Bkmk


15 posted on 06/20/2022 6:05:55 AM PDT by kelly4c
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Comment #16 Removed by Moderator

To: ClearCase_guy

Yes there is no way to pay off $30 trillion. I love Rand Paul but balancing the budget isn’t the solution to this problem.

The system has to be crashed so a new system can come in. The other thing that must happen is the systematic dismantling of at least 50%-60% of the federal bureaucracy. The states will take back responsibility that was given up to the Federal government.

The Deep state cabal is no longer able to bring in the great reset because Russia, China, India, South Africa, Brazil and the Saudis have just agreed to trade in gold backed rubles and have left the Rothschild Central banking system. I look for Germany to cave in and follow next winter so its population does not freeze to death. As goes Germany so goes the EU.

So its appearing that Putin, Modi and Xi have done their part leaving Trump and the patriots to corral the US, Canada, Britain and Australia.

We are in the end game of a world change. Most of it is being played out behind the scenes. Things are not as they appear. Its cyber war and pys ops. The deep state is not winning.


17 posted on 06/20/2022 7:33:49 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: ClearCase_guy

I’ve always wondered how much of the cross country debts could just be cancelled by doing a shared cross off in the books.

So...germany owes 50k to the us and the us owes 50k to germany ...just cancel the two out and both equal 0 now....type of thing...i’m guessing it’s significant


18 posted on 06/20/2022 7:53:36 AM PDT by reed13k (For evil to triumph it is only necessary that good men do nothing)
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