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David Stockman Sounds The Alarm – Fiscal Bloodbath and Market Crash to Occur “Between August and November”
David Stockman Sounds The Alarm – Fiscal Bloodbath and Market Crash to Occur “Between August and November”
As time goes on, it’s becoming abundantly clear that Trump isn’t going to be able to prevent a major financial crisis in this country. Depending on your beliefs, that’s either because he’s inept in some way, or because he’s being hamstrung by a political system that’s determined to keep our nation on the same unsustainable path. Whatever the case may be, it seems that there is no way that we can change course at this point. We’re headed for a financial crisis, and it’s going to happen sooner rather than later.
That’s also the opinion of David Stockman, a former Congressman and director of the Office of Management and Budget under Ronald Reagan. In this interview with USA Watchdog, he reveals why the market rally that broke out after the last election, “was the greatest sucker’s rally we have ever seen.” He also explains why the economy could go off the rails this year, after our government endures a major budgetary crisis.
Earlier this month our government avoided a shutdown, because Trump decided to sign Congress’s $1.2 trillion spending bill. In effect, he postponed a serious fight with Congress for later this year.
On May 2nd he tweeted “Our country needs a good ‘shutdown’ in September to fix mess!” So clearly, next time he’s going to be a lot less compromising in his efforts to change the budget. That’s going to spawn a fight over the budget between Trump and both political parities, and according to Stockman, that’s when the next wave of our financial collapse is going to arrive.
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They Have No Proof: MIT Professor Explains Why the Assad Gas Attack Was a Sham
They Have No Proof: MIT Professor Explains Why the Assad Gas Attack Was a Sham
The mainstream narrative surrounding the sarin gas attack in Syria simply doesn’t add up. Even if you assume that Assad is nothing but a vile monster who would have no problem with gassing his own people, the attack still doesn’t make sense. That’s because even monsters have a sense of self-preservation.
Just days before the attack, Secretary of State Rex Tillerson announced a reversal of a longstanding policy in Washington. He said that the US was no longer absolutely determined to oust Assad. America’s six year war against his regime was basically over. So why would Assad reignite a conflict with the world’s preeminent superpower with a chemical weapons attack? A conflict that I might add, would greatly reduce the chances of him remaining in power?
Assad is by no means a good guy. He’s not even an okay guy. He is definitely a despot who relies on violence to suppress the population. But he’s never shown any signs of being suicidal. Six years of fighting to maintain his rule proves that. What’s much more likely is that Assad is being set up.
Don’t believe our government’s claims about satellite photography catching Assad’s aircraft dropping the sarin. In fact, the little evidence that has been provided falls on its face once you take a closer look. That’s the determination of Theodore Postol, a physicist and professor at MIT, who reviewed documents released by the White House regarding the gas attack.
Postol said: “I have reviewed the [White House’s] document carefully, and I believe it can be shown, without doubt, that the document does not provide any evidence whatsoever that the US government has concrete knowledge that the government of Syria was the source of the chemical attack in Khan Sheikhoun, Syria at roughly 6am to 7am on 4 April, 2017.
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Multiple Bubbles Are Going to Bring America to Its Knees: “The Warning Signs Are There”
Multiple Bubbles Are Going to Bring America to Its Knees: “The Warning Signs Are There”
If you’ve been paying attention to the ongoing degradation of the American economy since the last financial crisis, you’re probably flabbergasted by the fact that our economy has managed to make it this far without imploding. I know I am. I find myself shocked with every year that passes without incident.
The warning signs are there for anyone willing to see, and they are flashing red. Even cursory research into the numbers underlying our system will tell you that we’re on an unsustainable financial path. It’s simple math. And yet the system has proven far more durable than most people thought.
The only reasonable explanation I can think of, is that the system is being held up by wishful thinking and willful ignorance. If every single person knew how unsustainable our economy is, it would self-destruct within hours. People would pull their money out of the banks, the bonds, and the stock market, and buy whatever real assets they could while their money is still worth something. It would be the first of many dominoes to fall before the entire financial system collapses.
But most people don’t want to think about that possibility. They want the relative peace and prosperity of the current system to continue, so they ignore the facts or try to avoid them as much as possible. They keep their money right where it is and cross their fingers instead. In other words, the only thing propping up the system is undeserved confidence.
Unfortunately, confidence can’t keep an unsustainable system running forever. Nothing can. And our particular system is brimming with economic bubbles that aren’t going to stay inflated for much longer.
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