I have been saying it since the last Presidential cycle started. The economy is going to crash and crash big. Have read several articles in the last two weeks that say the CRASH is coming between now and 2019, could even happen this summer.
This crash should have been allowed in 2008, we would be 9 years into a recovery by now. But the Fed propped the markets and kept the elite happy. Why do you think all of a sudden the elite are seeking property in New Zealand? They know the crash is imminent.
BUT DON’T BLAME PRESIDENT TRUMP!
He can only do so much with a corrupt broken system that has been broken and abused for nearly 100 years. Encourage you to read below for more facts:
courtesy of zerohedge.com:
“Don’t Blame Trump When the World Ends!!!!!!
Here at the Economic Prism we think Kelleher is giving President Trump too much credit for what he can and can’t do. While we agree a stock market crash is in the cards. Unlike Kelleher, when the crash does inevitably come, we don’t think President Trump is who the fingers of blame should be pointed at.
Regulations, which Kelleher advocates, don’t get at the core of the problem. Rather, the core of the problem is that today’s fiat money system is completely out of control. Until something is done about it, we’ll continue to experience epic asset bubbles and busts.
President Trump’s efforts to ease corporate tax policy or financial regulations are small potatoes compared to the destructive market whipsaws that come with rampant credit creation. Offshore corporate coffers would’ve never been stuffed so full if we had sound money with honest limits.
You may love the man. You may hate him. But the fact is, President Trump has been dealt the worst hand of any incoming U.S. President since James Buchanan – or maybe ever.
He’s taking over at a time when the national debt has experienced exponential growth for over 45 years. The national debt was under $400 billion when Tricky Dick Nixon closed the gold window in 1971. Today it’s nearly $20 trillion.
In short, the debt curve is entering a hyperbolic state. No amount of monetary gas will be able to propel it straight up forever. Of course, when you tack on unfunded liabilities, like social security, prescription drugs, and medicare, the debt runs up to a breathtaking $104.6 trillion. Each taxpayer’s on the hook for over $874,800.
At the same time, the stock valuations are at nose bleed heights. The Shiller’s Cyclically Adjusted Price Earnings (CAPE) ratio, for instance, is currently 28.5. That’s 70 percent higher than the CAPE’s long-term historical average.
In addition, there have only been two occasions over the last 100 years that saw the CAPE at a higher valuation than today. One was during the late 1920s, right before the stock market crash. The other was the late 1990s, just prior to the popping of the internet bubble.
Similarly, the Buffett indicator, which is a ratio of the total market capitalization over gross domestic product, also shows that stocks are significantly overvalued. The ratio currently stands at about 126 percent. A fairly valued market is a ratio somewhere between 75 and 90 percent. Anything above 115 percent is considered significantly over valued.
The point is a century of scientific mismanagement of the currency has pushed the economic, financial, and social order well past any rational limit. Total government debt and stock valuations are at all-time extremes. Something big is coming. You can guarantee it.
He can only do so much with a corrupt.
But don’t blame Trump when the world ends. There ain’t a doggone thing he or anyone else can do to stop it.”
HAVE BEEN SAYING THIS FOR 10 YEARS YOU CAN’T CONSUME GOODS AND HAVE THEM MADE SOMEWHERE ELSE. WE ARE A CONSUMPTION ECONOMY, HAS BEEN GEARED THAT WAY SINCE THE LATE 1800’S. FAKE HOLIDAYS AND CELEBRATIONS TO DO, YOU GUESSED IT CAUSE CONSUMERS TO SPEND MONEY ON CRAP THEY DO NOT OR WILL NOT NEED. GET READY TO PAY THE PIPER, THIS FARCE IS NEAR THE END OF IT’S SHELF LIFE.