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11 Facts That Prove That The U.S. Economy In 2017 Is In Far Worse Shape Than It Was In 2016

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There is much debate about where the U.S. economy is ultimately heading, but what everybody should be able to agree on is that economic conditions are significantly worse this year than they were last year.  It is being projected that U.S. economic growth for the first quarter will be close to zero, thousands of retail stores are closing, factory output is falling, and restaurants and automakers have both fallen on very hard times.  As economic activity has slowed down, commercial and consumer bankruptcies are both rising at rates that we have not seen since the last financial crisis.  Everywhere you look there are echoes of 2008, and yet most people still seem to be in denial about what is happening.  The following are 11 facts that prove that the U.S. economy in 2017 is in far worse shape than it was in 2016…

#1 It is being projected that there will be more than 8,000 retail store closings in the United States in 2017, and that will far surpass the former peak of 6,163 store closings that we witnessed in 2008.

#2 The number of retailers that have filed for bankruptcy so far in 2017 has already surpassed the total for the entire year of 2016.

#3 So far in 2017, an astounding 49 million square feet of retail space has closed down in the United States.  At this pace, approximately 147 million square feet will be shut down by the end of the year, and that would absolutely shatter the all-time record of 115 million square feet that was shut down in 2001.

#4 The Atlanta Fed’s GDP Now model is projecting that U.S. economic growth for the first quarter of 2017 will come in at just 0.5 percent.  If that pace continues for the rest of the year, it will be the worst year for U.S. economic growth since the last recession.

#5 Restaurants are experiencing their toughest stretch since the last recession, and in March things continued to get even worse

Foot traffic at chain restaurants in March dropped 3.4% from a year ago. Menu prices couldn’t be increased enough to make up for it, and same-store sales fell 1.1%. The least bad region was the Western US, where sales inched up 1.2% year-over-year and traffic fell only 1.7%, according to TDn2K’s Restaurant Industry Snapshot. The worst was the NY-NJ Region, where sales plunged 4.6% and foot traffic 6.3%.

This comes after a dismal February, when foot traffic had dropped 5% year-over-year, and same-store sales 3.7%.

#6 In March, U.S. factory output declined at the fastest pace in more than two years.

#7 According to the Bureau of Labor Statistics, not a single person is employed in nearly one out of every five U.S. families.

#8 U.S. government revenues just suffered their biggest drop since the last recession.

#9 Nearly all of the big automakers reported disappointing sales in March, and dealer inventories have now risen to the highest level that we have seen since the last recession.

#10 Used vehicle prices are absolutely crashing, and subprime auto loan losses have shot up to the highest level that we have seen since the last recession.

#11 At this point, most U.S. consumers are completely tapped out.  According to CNN, almost six out of every ten Americans do not have enough money saved to even cover a $500 emergency expense.

Just like in 2008, debts are going bad at a very alarming pace.  In fact, things have already gotten so bad that the IMF has issued a major warning about it

In America alone, bad debt held by companies could reach $4 trillion, “or almost a quarter of corporate assets considered,” according to the IMF. That debt “could undermine financial stability” if mishandled, the IMF says.

The percentage of “weak,” “vulnerable” or “challenged” debt held as assets by US firms has almost arrived at the same level it was right before the 2008 crisis.

We are seeing so many parallels to the last financial crisis, and many are hoping that our politicians in Washington can fix things before it is too late.

On Monday, the most critical week of Trump’s young presidency begins.  The administration will continue working on tax reform and a replacement for Obamacare, but of even greater importance is the fact that if a spending agreement is not passed by Friday a government shutdown will begin at the end of the week

Trump has indicated that he wants to tackle the repeal and replacement of Obamacare and introduce his “massive” tax plan in the next week, all while a shutdown of parts of federal government looms Friday.

By attempting three massive political undertakings in one week, investors will have a sense of whether or not Trump will be able to deliver on pro-growth policies that would be beneficial for markets.

If Trump can pull off the trifecta, it could restore faith that policy proposals like tax cuts and infrastructure spending are on the way. If not, look out.

Members of Congress are returning from their extended two week spring vacation, and now they will only have four working days to get something done.

And I don’t believe that they will be able to rush something through in just four days.  The Republicans in Congress, the Democrats in Congress, and the Trump administration all want different things, and ironing out all of those differences is not going to be easy.

For example, the Trump administration is insisting on funding for a border wall, and the Democrats are saying no way.  The following comes from the Washington Post

President Trump and his top aides applied new pressure Sunday on lawmakers to include money for a wall on the U.S.-Mexico border in a must-pass government funding bill, raising the possibility of a federal government shutdown this week.

In a pair of tweets, Trump attacked Democrats for opposing the wall and insisted that Mexico would pay for it “at a later date,” despite his repeated campaign promises not including that qualifier. And top administration officials appeared on Sunday morning news shows to press for wall funding, including White House budget director Mick Mulvaney, who said Trump might refuse to sign a spending bill that does not include any.

And of course the border wall is just one of a whole host of controversial issues that are standing in the way of an agreement.  Those that are suggesting that all of these issues will be resolved in less than 100 hours are being completely unrealistic.  And even though the Trump administration is putting on a brave face, the truth is that quiet preparations for a government shutdown have already begun.

The stage is being set for the kind of nightmare crisis that I portrayed in The Beginning Of The End.  The stock market bubble is showing signs of being ready to burst, and an extended government shutdown would be more than enough to push things over the edge.

Let us hope that this government shutdown is only for a limited period of time, because an extended shutdown could potentially be catastrophic.  In the end, either the Trump administration or the Democrats are going to have to give in on issues such as funding for Obamacare, the border wall, Planned Parenthood, defense spending increases, etc.

It will be a test of the wills, and it will be absolutely fascinating to see who buckles under the pressure first.

  • A.S.

    I hope Trump turns things around like he promised. If he doesn’t he will be a one term President and whoever follows him will be worse than Obama.

    • socalbeachdude

      Not even the slightest bit of a chance of that as the GRAND GLOBAL DEPRESSION rapidly intensifies.

      • Paul Patriot

        You sound very confident with your assertion….can you elaborate more on how not “even the slightest bit of chance” that Trump will not be a one term president?

        I encourage you to read up on Biblical prophecy, it says a lot about the geo political /economical situations that are coming soon to planet earth.

        I am not saying you are wrong, I am just saying that a global convergence is happening and will only increase, and when in the next election is it going to be another fight, as the liberal, progressive globalists will be at it again to try to get a president that will trample Americas sovereignty and Constitution and metrge us into a global system

        The Bible promises this is coming, I would just love to see it delayed a boot if possible, lol!

        • socalbeachdude

          What on earth does a book written more than 2,000 years ago when the USA didn’t even exist as a country have to do with the current state of politics in the 240 year old United States of America?

          • Guest

            Much of the bible is prophetic. Some bible prophecy has been fulfilled and some has not but will be.

          • socalbeachdude

            The Bible has nothing whatsoever to do with the United States of America.

          • Jeri Brace

            babylon is mentioned in Revelation.

          • Carl

            One can argue exactly what country would be considered babylon.

          • socalbeachdude

            So? Babylon has nothing whatsoever to do with the USA. Babylon was a major city of ancient Mesopotamia in the fertile plain between the Tigris and Euphrates rivers.

        • Carl

          Stop with the biblical prophecy nonsense. It is ego to think that the bible was written with passages especially for the USA which was not even a country yet.

          Too bad the prophecies did not include warnings for the Indians about what wicked things would be coming their way.

          But as we all know god is a fan of genocide. Perhaps the very reason all religions seem to glorify it when their side is on the winning end and murdering people.

          • Paul Patriot

            I never eluded that Biblical prophecies had America in mind, I am sorry you understood it that way.

            The reason I mention America, is because it is a world power with MUCH influence, and all I am saying, is Biblical prophecy promises a one world system, and if that’s true, then American influence and sovereignty will change.

            Your incorrectly combining mans sinful nature and free will with Biblical prophecy and what happened to native Americans.

            What about what happened to Jesus Christ ? He died on a cross for a sinful human race, that blasphemes him, and rejects him. The Bible says that we are all sinners, and children of wrath, and the only way to be saved (from judgement of God, the same God you accuse of being genocidal) is through repentant faith in the Lord Jesus Christ.

            You say god is a fan of genocide. Incorrect, and this statement reveals Your misunderstanding of the REASON a holy, righteous, sovereign God allowed genocide, is clear, and if you understood the spiritual reasons (big picture) and if you understood unrighteousness and sin and how a Holy God hates sin and as creator has a right to judge sin, then you will understand the reason why and to whom the recipients of said judgement occurred.

            Until you understand that, please be very careful at accusing the creator God for his actions.

            You seem to include Christianity with the “religion of peace (in your reference to all religions), who has a 1400 year history of murder, in obedience to its teachings. Strangely, you are silent about that, yet Islam is in the news every day as fundamentalist followers carry out their murderous jihad in faithfulness to their “book”

          • b99998532a

            Very well said!

          • Gay Veteran

            well your “god” certainly had no problems with ordering the murder of children and babies

          • Paul Patriot

            You say god is a fan of genocide. Incorrect, and this statement reveals Your misunderstanding of the REASON a holy, righteous, sovereign God allowed genocide, is clear, and if you understood the spiritual reasons (big picture) and if you understood unrighteousness and sin and how a Holy God hates sin and as creator has a right to judge sin, then you will understand the reason why and to whom the recipients of said judgement occurred.

            Until you understand that, please be very careful at accusing the creator God for his actions.

          • Gay Veteran

            “You say god is a fan of genocide….”

            really? where did I say that?

            amazing how you religious types can justify the evil done by your “god”

          • GSOB

            Romans 2:7

          • GSOB

            Romans 2:6

      • Paul Patriot

        I forgot to mention, I agree with you 100% I also don’t think Trump will not be able to turn things around, as the global economic train as it were , is rolling down hill, brakes are failing and there is a hairpin curve approaching soon.

        • socalbeachdude

          Yep. Sad to say. I’m beginning to think we should have VOTED FOR HELLERY to ensure that she and the Democrats took all of the blame for the coming collapse!

          • Jeri Brace

            The Blame can be placed on Individuals in Government that have continued to spend us into Oblivion regardless of which party they are affiliated with since anyone alive can remember. The Guilty ones are,, Drum roll please? Republicans & Democrats. as Libertarians & Green party never make it into the big league politics we can all place the blame on the Dems & the repukes.

          • William Lutz

            The Libertarians and Greens should unite and fight both Dems and the GOP.

            By the way, I regret voting for Jill Stein. Jill is just a Hillary shill, since she wanted a recount in favor of Democrats. Gary Gay Johnson also needs to get struck by a book; he’s a false libertarian.

            They were all phony from the beginning.

          • Paul Patriot

            Well said. I am starting to think that also.

            Take care beachdude

            Keep up the great posts!

          • William Lutz

            I hope Trump fuels the collapse once and for all instead of taking a half assed approach to make an attempt for vague economic recovery. It’s like he’s using a garden hose to fight a wildfire that has spread out of control.

    • anonymous

      I have a feeling you’re right. We’re running out of Supermen.

  • socalbeachdude


    This is a wonderful day for France as the energetic and dashingly handsome Emmanuel Marcon has beaten that tired old nasty hag Marine Le Pen in the first round of France’s Presidential election which will now be a run off between those two candidates On Sunday, May 7th.

    Marcon is a charming and gracious and very bright man who understands the importance of the EU and banks and was a former banker himself. He will be a wonderful President and a delight to look at compared to that gross old warthog Hollande who is being thrown out of office.

    With Marcon’s embrace of the EU and his hard stance on getting the UK thrown out as fast as possible, both France and the EU have a delightfully bright and joyous future ahead!

    • jakartaman

      Le- Pen takes 1st place and will win on may 7th
      The EU will be gone soon!!!!
      and a lot of illegal Muslims from France

      • socalbeachdude

        France faces its own EU referendum as far-right Europhobe Marine Le Pen and independent centrist Emmanuel Macron beat two main parties to go head to head in presidential elections after tight vote

        France could face ‘Frexit’ after far-right leader Marine Le Pen came second place ahead of election

        Le Pen and independent centrist Emmanuel Macron beat two main parties to go head-to-head on May 7

        Republican candidate Francois Fillon conceded after he and far-left leader Jean-Luc Melenchon got 19.5%

        Macron won 23.7 per cent of the vote and Le Pen followed closely behind with 21.7 per cent.

        It signals a stinging defeat for the scandal-hit Fillon and Socialist Benoit Hamon, meaning neither of France’s mainstream parties will be in the second round for the first time in 60 years.

        Macron, a 39-year-old who had never before stood for election and only started his independent centrist movement 12 months ago, will be the overwhelming favourite to win the second round on May 7.

        All polls show the pro-Europe, pro-business moderniser with a 20-point lead in a head-to head contest with Le Pen, who has hardened her anti-immigration and anti-Europe rhetoric over the last week.

        • jakartaman

          Those are old numbers – Le Pen won

          • socalbeachdude

            Absolutely false. And that old nasty nag has NO CHANCE WHATSOEVER in winning the election for President of France on Sunday May 7, 2017.

  • socalbeachdude

    U.S. government posts $176 billion deficit in March

    The U.S. government had a $176 billion budget deficit in March as spending outstripped revenue, the Treasury Department said on Wednesday.

    The budget deficit was $108 billion in March 2016, according to Treasury’s monthly budget statement.

    The fiscal 2017 year-to-date deficit was $527 billion compared with $459 billion in the same period of fiscal 2016.

    When accounting for calendar adjustments, the deficit last month was $140 billion. The adjusted deficit for the fiscal year to date was $564 billion.

    Receipts last month totaled $217 billion, down 5 percent from March 2016, while outlays stood at $393 billion, an increase of 17 percent from the same month a year earlier.

  • socalbeachdude

    Total debt outstanding in the USA now exceeds $67 trillion with about $20 trillion of that being federal US government debt. Around $14 trillion of that is corporate debt and the rest is comprised of state and municipal debt along with consumer and mortgage debt. The big picture issue is that a significant amount of that DEBT IS UNREPAYABLE AND WILL GO BAD and into default which will cause huge havoc in the financial system as the FLIP SIDE OF DEBT is that it is ASSETS HELD BY ITS OWNERS and defaults lower assets correspondingly.

    • The solution is simple: do like Iceland did and forthrightly cancel all the bogus debt and start over!

      • socalbeachdude

        Iceland did no such thing at all as you falsely assert.

        Iceland is now a catastrophic economic and political wreckage.

        Its economy has not “recovered” at all and is a catastrophic debt wreckage and total mess economically, politically, and financially and it has never emerged from the financial crisis of 2008 at all and is now in much worse shape in 2016 as their political mess implodes.

        Iceland’s Prime Minister just resigned this year as part of the PANAMA PAPERS scandal which exposed his corruption and the country is in severe political turmoil with its economic and financial situation worse than ever.

        2016 – A rerun of 2009? No, we Icelanders are much angrier this time – Alda Sigmundsdóttir

        The farce played out by president and prime minister yesterday laid bare Iceland as a nation run by charlatans, whose hypocrisy the whole world can see

        No financial industry professionals are in jail at all in Iceland and all were released this year after those farce trials on trumped up charges and all that were convicted are now free citizens after that witch hunt travesty.

        As to EU membership, Iceland was NEVER OFFERED EU MEMBERSHIP AT ALL but rather submitted a membership application to the EU in 2009 which was subsequently suspended in 2013.

        Accession of Iceland to the European Union is a contentious political issue in Iceland. Iceland applied to join the European Union on 16 July 2009 and formal negotiations began on 27 July 2010. However, on 13 September 2013 the Government of Iceland dissolved its accession team and suspended its application to join the EU. On 12 March 2015, Foreign Minister of Iceland Gunnar Bragi Sveinsson stated that he had sent a letter to the EU withdrawing the application for membership, without the approval of the Althing, though the European Union stated that Iceland had not formally withdrawn the application.

        If negotiations were to resume, Iceland would face contentious issues on fisheries which could potentially derail an agreement, despite already being a member of the European Economic Area [EEA] (which excludes fishery). If an agreement were to be concluded, the accession treaty would be subject to a national referendum in Iceland and require ratification by every EU state.

        Pirates given mandate to form new Iceland government…

  • socalbeachdude

    Nearly all of the “growth” since the 1980s has been TOTALLY BOGUS and has all been based on MASSIVE GROWTH OF DEBT which now exceeds $67 trillion at all levels in the US and that MUST SHRINK SUBSTANTIALLY and will shrink going forward as there is no other choice.

    • The banks own this nation lock stock and barrel all because of the Federal Reserve Act of 1913 and they did it all 100% with PURE DEBT.

      Our nation gave away all of its gold, and most of its other precious resources and now it wants to take it all from the citizens to make the debt entire, perfect, pure and complete so we will be forced to surrender to the New World Order.

      • socalbeachdude

        Laughably and totally false assertions. The US government through the US Treasury owns the LARGEST STOCK OF GOLD IN THE WORLD and has over 8,000 metric tonnes of the stuff out of the total of around 180,000 metric tonnes ever mined. However, the total value of all of the gold ever mined even at today’s absurdly elevated market prices of around $1270 per ounce is worth less than $7 trillion at a time when the world’s total assets are worth around $700 trillion making the total value of all gold only about 1% of global assets. The value of gold is just a TINY LITTLE SPECK OF DUST compared to the world’s assets.

    • Bobloblaw67

      Has the ECB ever predicted anything good about the economy?

  • socalbeachdude

    The fact is that the US government CANNOT ISSUE MORE NET NEW US TREASURIES AT THIS STAGE and now Donald Trump has lost the support of many of the supporters who elected him – including myself – and Congress is totally failing to pay attention to this CRITICAL ISSUE of the federal debt ceiling limit now in effect as of 03/15/2017 and is about to run out of money entirely on April 28, 2017 unless Congress either suspends the federal debt ceiling or increases it very substantially.

  • Cinderella Man

    The strong and smart will survive this. But yeah as I went on a trip to my old city I did notice the new stores that have come in since I’ve been gone and a lot are closing. This is rough. These Democrats are gonna play chicken with the debt ceiling and they will pay in 2018. I’m glad they are acting this stubborn and irrational. They are showing everyone the losers they are. All this time they still can’t admit why they lost the election. Hey in good news Marine Le Pen just went on to the second round. Looks like France is ready to step up and save itself. The globalists are on the run. And if the economy collapses now Trump can blame it properly on Bush and Obama.

    • socalbeachdude

      Looks like that old hag Marine Le Pen is going down in GUARANTEED DEFEAT next Sunday May 7, 2017!

  • jakartaman

    Its a win win
    If the economy dies so will most no nothing do nothing liberals. all handouts stop
    If Trump rebounds the economy conservatives will rule forever

    • socalbeachdude

      The US economy is plunging further and deeper into DISASTER than ever with Dufus Donnie as President and the Federal Reserve is now estimating that 1st Quarter GDP will come in around 0.50% which is vastly below prior estimates and right on the cusp of negative growth.

  • socalbeachdude

    IBM quarterly sales fall short of expectations as revenues plunge to lowest in 15 years…

    IBM profit sinks 13% despite Watson gains

  • socalbeachdude
  • socalbeachdude

    Industrial metals are diving – Bloomberg

    Industrial metals plunged as traders capitulated amid stock market declines and skepticism surrounding the outlook for commodity demand from China and the U.S.

    An index of base metals retreated the most since November as Commerzbank said China’s economic growth may decline over the next few quarters. Citigroup Inc. said it’s bearish on the outlook for iron ore amid expectations for global oversupply and a slowdown in Chinese steel demand. Zinc and nickel, both used in steel alloys, plunged by the most this year as U.S. stocks dropped.

  • socalbeachdude


    Neiman Marcus is now borrowing money to make interest payments on its debt

    • Cognitive dissonance at its finest.

      These people are openly displaying what is wrong with this nation.

      Stupidity has finally been unmasked here.

      The game is over people, we do not have money, we have DEBT and PLENNY OF IT!

  • socalbeachdude
  • socalbeachdude

    Over on MarketWatch a not long ago Rex Nutting wrote an absolutely excellent and brilliantly clear article on the US economy and stock markets which is a MUST READ if you want to understand what has really been going on over the past 40 or so years which got us to where we are today:

    Opinion: How the stock market destroyed the middle class – By Rex Nutting

    WASHINGTON (MarketWatch) — There’s something seriously wrong with an economy that nurtures a few billionaires but can’t sustain the middle class.

    Many factors have been blamed for the plummeting fortunes of the American middle class: globalization, technology, deregulation, easy credit, the winner-take-all economy, and even the inevitable tide of history.

    But one under-appreciated factor is a pervasive business model that encourages top managers of American corporations to loot their company for short-term gains, depriving those companies of the funds they need to build and enlarge, and invest in their workers for the long haul.

    How do they loot their company? By using large stock buybacks to manage the short-term objectives that trigger higher compensation for themselves. By using those stock buybacks to manipulate the share price, which allows them to use inside information to time their own stock sales. By using buybacks to funnel most of the company’s profits back to shareholders (including themselves).

    They use the stock market to loot their companies.

    “The ‘buyback corporation’ is in large part responsible for a national economy characterized by income inequality, employment instability, and diminished innovative capacity,” wrote William Lazonick, an economics professor at the University of Massachusetts at Lowell in a new paper published by the Brookings Institution.

    Lazonick argues that corporations — which once retained a sizable share of profits to reinvest (including investing in their workforce by paying them enough to get them to stay) — have adopted a “downsize-and-distribute” model.

    How did we get here?

  • socalbeachdude
  • socalbeachdude
    • ultraman

      This is not a problem. Enterprising Americans will come along & re-task the B&M’s creating massive employment & wealth….like has always happened historically.

      For one, think drone airports, hangers, service stations, etc. Then just think of the supporting businesses that will spring up around them.

      It be fine………..

      • socalbeachdude

        What utter nonsense.

        • ultraman

          Open up Webster’s Dictionary. Then look up “sarcasm”. It’s in the “s” section.

          • Zenithon

            In his defense, it didn’t really read like sarcasm. I’ve seen plenty of talking heads on CNBC and the like saying the same thing and not sarcastically.

  • socalbeachdude

    The last time this happened the market crashed

    A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new brokerage accounts soared 44% during the first quarter of 2017.

    More specifically, Schwab stated that individual investors are opening up stock trading accounts at the fastest pace the company has seen in 17 years.

    17 years.

    Anyone remember what happened 17 years ago?

    Oh right. The Dot-com bubble burst.

    Company valuations are sky-high.

    At 26.44, the S&P 500’s Price/Earnings ratio is the highest EVER, except for two occasions: the 2008 crash, and the 2000 crash.

    At 28.93, the “Shiller P/E ratio”, which looks at company valuations over a longer-term, 10-year period and adjusts for inflation, is at the highest level EVER, except for two occasions: the 2000 crash, and the 1929 crash.

    Price to sales ratios are near the highest levels in at least 50 years.

  • socalbeachdude


    Uber Is Losing Money At A Historic Rate

    With its day-to-day business burning through almost $3 billion last year, the company is in the league of the true money-losing giants.

  • socalbeachdude


    Grains piled on runways, parking lots, fields amid global glut

  • socalbeachdude

    Trump Has Been Played Like A Cheap Violin (Or Has He Played US Like A Cheap Fiddle?)

    gotten under Donald Trump’s thin skin. When attacked, Trump’s instinct is to lash out at his attackers with counter attacks, without regard to his truthfulness or not. When Trump was a candidate for President that meant a war of words. As the President of the United States of America he has resorted to a dangerous and deadly shooting war of aggression.

    Trumps critics are so numerous, unrelenting and persistent that like a cornered rat, Trump lost any sanity that he may have possessed and instead of lashing out at his tormentors, he lashed out at Syria’s president Bashar al-Assad. Just like a drunk that comes home and beats his wife, terrorize his children, busts up the furniture and kicks the dog it accomplished nothing but chaos, but it feels so good to blow off some steam, even if it is at the wrong target.

    Now Trump has a lot of damage to repair and it will take more than a night in the drunk tank to patch up the mess he has made. It is probably beyond redemption. Worse is that like an alcoholic there is no cure for someone drunk with power. Predictably Trump will continue with his unpredictable binges on which he prides himself. The world will now be walking on eggshells waiting for Trumps next irrational outburst.

  • socalbeachdude


    The First Ladies: Melania and Ivanka have a ‘frosty’ relationship say family insiders as Trump’s perceived favorite child takes on more and more of his wife’s duties

    Melania and Ivanka have a reported frosty relationship as Trump’s eldest daughter has frequently filled the role as First Lady in Melania’s absence, insiders revealed to Vanity Fair in an article published on Sunday. Although a White House spokesperson denied the allegations by saying the two women have always had a close bond, the frigid relationship could stem from Ivanka taking on more roles associated with the First Lady.

  • socalbeachdude


    Russians set to take control of Texas oil firm Citgo after its shares were used as collateral by Venezuelans ‘struggling to pay back a multi-billion dollar loan’

    Congressmen and senators have warned the White House there is a danger that Rosneft, a corporation run by the Kremlin, could soon take control of Texas oil firm Citgo.

  • socalbeachdude


    Mexico will ‘eventually’ pay for the border wall ‘in some form’ Trump pledges – as government shutdown looms over its financing

    On Twitter Sunday, President Trump wagged a finger at Democrats for being against his promised Southern border wall, while pledging that Mexico would still ‘eventually’ pay for it.

  • socalbeachdude

    Donald Trump – The Ruling Class President

    Trump, it turns out, is not the worker-friendly populist he posed as while running for president. He’s not the great anti-establishment outsider determined to return “power to the people” he claimed to be in his Inauguration Address. His economic program amounts to neo-liberalism on steroids.

    You don’t say! Gee, who knew? Anyone who’s paid serious attention to American electoral politics and policy over the course of history, that’s who. Seventeen years ago, the then still left Christopher Hitchens usefully described the “essence of American politics” as “the manipulation of populism by elitism.

  • socalbeachdude

    ‘Kushner Coup’ inside Trump White House

    A very stealthy and slow-motion coup has been executed in Washington, D.C. The coup plotters staked out the West Wing long before Donald Trump ever set foot in the Oval Office.

    This still ongoing coup has been a fairly quiet affair because it took place within Trump’s own family first. The prime mover of this overthrow is arch-Zionist Neocon Jared Kushner. His wife — Ivanka Trump – is also playing a crucial role, specifically as her father’s “most trusted advisor”. As always, there are numerous agents of Deep State who are assisting with the clockwork implementation of every aspect of the takeover.

    Jared Corey Kushner is the son of Charles Kushner, a heretofore major contributor, bundler and bagman for the Democratic Party. So loyal was he to the Democrats that he went to prison for an illegal campaign finance scheme and the subsequent cover-up crimes.

  • socalbeachdude

    Duplicitous Donnie’s Art of The Flip-Flop

    Trump has flipped on countless positions. It’s natural for a candidate to make promises that a politician can’t fulfill, but Trump has not only changed his policies since becoming president, he has done so for issues that are easily achievable for him. Many of his supporters are predictably angry – although apparently not enough to get him to rethink his methods. This has caused his approval ratings to drop to 39%, much lower than the 61% historical average.

    In addition, Trump’s greatest foe in his ideological battle is one that could determine the rest of his presidency — it’s himself. No other president has had such a robust record of opinion and political criticism than Donald Trump. His Twitter page is built upon positions he took before public opinion was the greatest investment in his portfolio.

  • socalbeachdude


    ‘The Ideas Made It, But I Didn’t’

    Pat Buchanan won after all. But now he thinks it might be too late for the nation he was trying to save.


      Pat Buchanan, while I don’t always agree with him, was direct hit on a lot of what he said would happen to America in the future!!

  • socalbeachdude

    Donald Trump’s Big Fat Ugly Bubble Is Ready to Pop

    There have been numerous eruptions of irrational exuberance since Alan Greenspan launched the modern era of monetary central planning in response to the 25% crash of the stock market in October 1987.

    But for my money, the Trump-O-Mania since the wee hours of election night is the greatest folly of all.

    That’s because Donald Trump is destined to be history’s Great Disruptor — not the 11th hour savior of the mutant financial system and giant bubbles that have been generated by our Wall Street/Washington rulers over the past three decades.

    But in one of the most ludicrous stick saves ever confected in the bowels of Wall Street, the day traders and robo-machines have been induced to slam the “buy” button on a theory so preposterous that even CNBC’s chief circus barker, Jim Cramer, could not have invented it.

    That is, the notion that Donald Trump is the second coming of Ronald Reagan and that a huge deficit-fueled “stimulus” is just around the corner is just plain nuts.

    There will be no such thing.

    Trump-O-Mania is the greatest eruption of irrational exuberance yet because it occurred in the wake of an election outcome that is a repudiation of the very regime of Bubble Finance from which it took flight.

    Donald Trump’s shocking election victory was in fact due to the fact that the nation’s economic prospects and future growth potential has dimmed dramatically since 1987.

    • none

      To sumerize, they have only had since 1980?
      To solve this problem.

    • Pig Farmer Bill

      I’m presenting you with; The Dead Horse Award. You have earned it.

  • socalbeachdude


    White House says it’s confident the government won’t shut down next week over a spending stalemate (but its budget office is getting ready anyway!)

    The White House budget director confirmed to reporters on Friday that his office is doing what’s required to make sure the administration isn’t caught off guard if congressional negotiations fail.

  • socalbeachdude


    BREAKING NEWS: I’ll give you the biggest tax cut EVER promises Trump as he says he will unveil his reform plan for businesses and individuals next week before his 100th day in office

    President Donald Trump says in an interview with the Associated Press that businesses and individuals will receive a ‘massive tax cut’ under a tax reform package he plans to unveil next week. The president says the package will be released on ‘Wednesday or shortly thereafter’ – just before his 100 day mark in office. Trump teased the package on Friday afternoon during his first visit to the Department of Treasury (pictured bottom with his Treasury Secretary Steven Mnuchin). He did not provide additional details on what it would contain, however.

  • Carl

    Campaign slogan for the 2020 Presidential election: Dump Trump!

    • socalbeachdude

      Dump Trump is happening well before 2020.

      ‘Trump is more vulnerable than any other President in the history of America’: Professor who predicted Trump’s shock win explains he is headed toward impeachment

      ‘I believe he is more vulnerable than any other president in the history of the nation,’ says American University history professor Allan Lichtman on a President Trump impeachment.

      The problem, of course, Carl, is who could possibly ever be an effective and electable President of the USA at this horrible stage in the history of the country.

      • Carl

        People need to focus on Congress. They are the ones with real power and the vote. The President is mainly a figure head. Although now many are illegally skirting the constitution with the executive orders they are signing. But apparently no one cares.

        • socalbeachdude

          The biggest problem with Congress, Carl, is that it has less than a 12% approval rating overall, and yet most constituents give their own Congress person a 90% approval rating and practically no person in Congress supports doing anything that would damage their “electability” which means they opposed all spending cuts and tax increases which puts us right back to the catastrophic conundrum we have been in for the past 40+ years and which is now at a crisis stage.

          • Carl

            There’s a definite disconnect with people that’s for sure. The worst is people who only vote straight ticket for republican or democrat. Until the people stop doing that we have no chance of getting the incumbents voted out of office.

          • socalbeachdude

            Yes, but REPLACE THEM WITH WHOM?

            Just voting out incumbents doesn’t do anything of value unless you can get folks elected who will work to solve the massive financial, political, and social problems facing the country – and they have to “sell” their approaches to the majority of voters.

            A lot of us worked really hard and diligently to get Donald Trump elected, and look what we ended up with. Pitiful, and beyond pathetic.

          • Carl

            Exactly there really is no one to replace them with. There are some decent 3rd party candidates but they don’t get the press like the 2 major players do.

            And yes the candidates really do have to sell it to the people don’t they. The people it seems will vote for the person who tells the biggest and best lies to get the votes. It doesn’t even matter if they keep the promises because if the majority of voters like said candidate they will get a second term. Same with many who are still clinging to Trump even though he is proving to be another wolf in sheeps clothing if you will.

            If you research elections during Lincoln, etc you will see that they did the same things with promises and giving people freebies at their debates, etc. It’s pretty interesting reading. They just did not have the budget they do now or TV.

          • socalbeachdude

            100% correct, Carl.

    • Cinderella Man

      And what pray tell is the platform for the communist party USA? What solutions do they offer besides obstruction and sedition?

  • Teresa F

    Not sure why we have to spend the money to build a wall. All we have to do is enforce the immigration laws, deport those that ignore them, and fine employers who hire illegal aliens. If they have no incentive to come here illegally and face punishment for doing so, the problem will take care of itself.

    • anonymous

      Ha ha, you’re making too much sense. You’re right though. It’s just like the war on drugs. Just bust all the crooked law enforcement that are smuggling the drugs in. In a perfect world. Building a wall is a perfect analogy for the state of our hearts.

    • socalbeachdude

      Yes, that certainly would be a much lower cost – and likely quite effective – alternative to building a massive wall.

    • Zenithon

      I think some kind of a wall is necessary to keep illegals out, so that enforcement is not overwhelming. Does it have to be a physical wall? Probably not in most cases. A technological virtual wall might work very well for much of the border. In the long run though, it will be much more cost effective to stop the problem at the border rather than try to fix it from within.

      • anonymous

        Maybe that’s where all the new jobs were going to be coming from? New wall construction?

    • JC Teecher

      There is a bigger picture here than just a Great Wall of Southern USSAG. (united socialist states of abortion & gaymorrah).

      Not if, but when, the big collapse hits; it will not just be ussag going down the tubes. the whole of North America will collapse economically and politically.
      When chaos and vandalism rule the day, we will have some degree of law and order, albeit by military control and patrol. When every available man and woman is working the big and medium size cities and towns, as in some form of LE, then the border will not be such a priority.
      If there is very little border patrol, then how bad do you think it will be in Mexico and Central America?
      Lawlessness will abound, and a mass exodus to come to the US of A, will ensue. Many have relatived here already, and know the way Americans hand out help in the form of charity. There would be so many pouring into America, it could not be stopped.

      No jobs, no gov funds, and resources dwindling, or already gleaned, and then add another 20 to 50 million illegal residents, not to mention the higher risks of Islamic Jihadists pouring in, and you may as well stick a fork in the ussag, cause it is done at that point.
      No turning back, and no forcing the illegals back south.
      Too many, and too many places and people to hide them.
      Thievery will abound in every nook and cranny of the country, and the only way to survive would be by the law of the jungle.

      I believe there are truly righteous minds and hearts, connected to Trump, that have already discussed these almost inevitable possibilities, when the liberals gain control again, and they will.

      Why? Why do I say they will. Because it is the loss of morality and the indoctrination of a nation, that will cause enough of the population and enough of big corporate and big follywood money to cause the masses to never allow such a person as a non-establishment politician, to ever gain enough support to ever get elected again.

      We have just witnessed the last free election in American history. Why? D Trump had too much money and support, whereby the elections could not be rigged and bought off, as the evil establishment liberals (both parties), have done for the past 50 years.
      The jury is still out on the R Reagan presidency, and his could be the exception to the rule.

  • Jeri Brace

    #10 Used vehicle prices are absolutely crashing, and subprime auto loan losses have shot up to the highest level that we have seen since the last recession.This seems to defy the laws of Economics. how do used vehicle prices crash when the demand for them is going up & new car demand is going down?

    • anonymous

      Nobody can afford new car loans. The ones stupid enough to sign an 8 year loan will probably default. The next big crash may come from a combination of education loan defaults and auto loan defaults. Economics is a fancy way of saying, I’ll kill you with interest. Economics was a college course for me, I doubt many that are taking these loans even went to college.

      • socalbeachdude

        Actually, around 16 million new cars are sold in the US each year, so that’s about 16 million people who CAN afford new car loans and leases. However, that is down from over 17 million last year. Interest rates remain extremely low and won’t be affected on most existing vehicle loans.

        • anonymous

          In my city there are non-stop car dealership commercials, almost to the point of desperation. A lot of them are actually begging for people to come in, sad really.

    • Zenithon

      Just because used car demand is going down, doesn’t mean new car demand is going up. Both can be going down. We had a long cycle of low car demand during the great recession and now have had several years of higher demand to replace those older vehicles. It makes sense that at some point, maybe now, the demand will fall, for both new and used. Plus with car loans failing at high rates, more repossessed used cars will show up on the market, driving down the price of used automobiles.

      • socalbeachdude


    • socalbeachdude

      Demand is certainly not going up for used cars which is precisely the reason that their prices are crashing particularly due to the fact there is a HUGE GLUT OF THEM ON THE MARKET and coming into the market.


    Just maybe a lot of America’s problems lay with the American people themselves. Gasp!!! We fought amongst ourselves as good paying jobs/careers were outsourced, we have allowed drugs to penetrate every level of our society, schools want to medicate children instead of educate our children, the E.P.A. puts crippling restrictions on our industries, though well meaning causes most of the industries to close shop and go overseas.

    We have met the enemy and it is us!! We don’t stand together anymore. Gee, can’t figure out why this country is a sorry piece of real estate any more. Wink!! wink!!

    • anonymous

      I agree. Our children are forced into indoctrination centers from as soon as they can communicate. “School” teaches them their values, their faith in corporate science, and unwavering loyalty to “leadership” that is bending them over. But this has been going on for generations already. Why do you think they are trying to tear us apart? There is strength in unity and numbers, if we all fought for change there would be change indeed. They turned us on each other, poor fighting poor. For stuff we don’t need, to impress people we don’t like.


        Thanks for your input. Glad I’m not the only one to notice what is going on!!

      • sister soldier

        Yes Anonymous, through the years we have proven to be our own worst enemies. We are too dependant upon the “tax slave” system and we are unaware that the powers that be are in control because we allow it.

      • Carl

        Schools are designed to turn children into productive members of society. They do the opposite of educate because most to all children do not study or learn anything extra above what is taught at school. The same goes for many adults whom after graduating high school or college never bother to learn new things.

        Back when schools were just getting started in the USA many parents would not send their children to school. Children were mainly considered the help and extra hands for farm work, cooking, cleaning, etc.

        Thus education became compulsory and mandated. An educated population is important for the evolution – if you will of ourselves as a people. I would hate to see what this world would have looked like today without education.

        Today there is no better time to be alive because generations of children will not be limited by the small family and peer groups they associate and interact with on a daily basis. This is a positive thing on so many levels.

        • GenEarly

          There is no education occuring, Putz!
          College Grad u ates can’t even pass an 8th grade exam from 1920.
          Sheesh! you are brainwashed and think it is education!

          • huththa

            brainwashing is a form of education.

          • GenEarly

            Yes, but not my point on our current demise due to the devolution of education and morality and manners and belief in life existing beyond the mortal.
            A society requires a semblance of such to function on it’s own recognizance without having to resort to a police state.
            Inherent Rights have to be granted by a “higher power” whatever it is called because any rights granted by man can be cancelled by man. The Founders realized this when writing of Natures God, so as to include the religious and non religious among them in a self protecting framework.
            We now live in a Demoncrazy where every sElection is so crucial as the majority will try to impose it’s will and vision on the minority. A Republic with Inherent Rights protected Everyone as much as possible in an imperfect world.
            Just my opinion. Something went off the rails to end up a Bankrupt Empire with no morals,
            trying to impose our morality on every other country on Earth.
            You have many excellent posts.

          • Evolution is a pile of crap, therefore believing you can ‘evolve through education’ is also a pile of crap stemming from the former pile of crap.

            And I say that as a highly educated wild animal.

          • GenEarly

            A thorough education in literature and humanities, the former Jeffersonian “classical education” is the sole guarantee of a sane society and government. That you were apparently cheated out of this doesn’t negate it’s validity.
            Most of the Founders of this country were self taught. so rather than be a victim read some Jefferson, Madison, Monroe,J. Adams, and S. Adams for a start…..or Not, remain an animal.

      • JAY


      • Strength in numbers, however, does NOT mean ‘peaceful protests’ like the brain washers are trying to convince you. That might have worked in Ghandi’s days, but it is not how it works in 2017, instance the DAPL protest that was shut down and quashed totally.

        Nothing you do without force is ever going to effect change.

        The huge irony of this is, voting was invented to replace armed conflict…

        You see how long THAT idea lasted!

        So if you have not lost all your guns to a government sweep, best to make sure you use them before you lose them, because you’re gonna need them!

    • And you can’t tell the average American because they still won’t listen and refuse to accept its their own stupid fault for making so many millions of terrible choices.

      Its always everybody else’s fault, and nobody is ever to blame, its a mad hatter’s world you know.

      We’re just going to go down in the flames or our own pyromania is all. [sigh]

      Roast sheeple anybody?

  • anonymous

    Maybe some of the benefits that Congress receives should be leveraged to encourage decisions to be made. How can they “go to work,” do nothing and still get paid? How is the working class considered lazy when many are working more than one job? Employers not wanting to pay medical. Congress is the lazy one. Democrat and Republican both. What a disgrace.

  • hero to zero in 8 years

    stunning in just 8 years this country has gone from hero to zero (less than zero),any city you drive through the decay is stunning,fast food joints,pawn shops,payday lenders, convinience stores and virtually nothin else,homeless everywhere,and that’s EVERY CITY! except the ones with a all the gov’t /military,they’re booming

    • socalbeachdude

      Beverly Hills, California is certainly not in the slightest bit of decay and is more glorious and splendidly beautiful than it has ever been in its nearly 105 year history.

      • LIZ THE SHIZ

        that’s your opinion from the TMZ Tour bus

  • not me

    I hope Trump turns things around like he promised? You are joking right? If you believe anything a politician says I have a bridge for sale.

    • Paul Patriot

      Huh???? Wasn’t me who originally typed that, I know that this nation will not be turned around no matter how hard Trump tries…..

      I am originally from New England, the politicians there gave me great experience in how well politicians are at lying to the populace, I don’t trust a word that they say.

  • Concerned Capitalist.

    All this discussion about closing the retail stores is a mellifluous song to my ears. As SHLD approaches zero, my profits soar; unfortunately, selling short any stock, including pitiful SHLD, has a finite potential for profit. That is the purpose of all the technology, financial, emerging market equities; options, forex and futures are for. Also, coal is a sinking faster than light, so selling short that sector and opening put options as well will prove profitable–it only takes a spark, be it fusion, thorium, or even solar, to ignite a fire.

    Many of the commentators on this website appear to be unaware of what globalism–an umbrella term for such economic ideologies such as free market capitalism, globalization, free movement of capital and labor and other freedoms–and thus seem uncouth, philistine, and most definitely socialistic коммунистическое гоBно.

    Капитализм верховный. Протекционизм — это всегда отвратительное беззаконие.
    Capitalism is supreme. Protectionism is always a detestable iniquity.

    • socalbeachdude

      Sears Holdings is certainly not approaching zero at all.

      As to one company that should that would be UBER along with Amazon, Tesla, Farcebook, Twitter and a whole host of other companies.

    • orsobubu

      Concerned capitalist? From your description you seem a concerned speculator. A capitalist has moltitudes of wage workers to exploit and extract surplus value from. Have you?
      A concerned leninist.

    • J.j. Cintia

      There is no free market. Your “money” is fake. Your gold and silver will not save you either. A reckoning is at hand. Your greed exceeded all reason. Now you too shall suffer. Count on it. Your “profits” will not materialize. Your fake world of greed and empty promises will hit the hard reality that all you losers are merely parasites. When the wheels stop turning and the markets crash, all your foul egotism will meet the cold hard reality of the fact that you are in fact a useless creature, incapable of surviving on your own, Try to buy food when food is scarce. You cannot eat your false riches.

  • PocoPete

    We should be thankful Trump is president. With his business experience and decisiveness he will be the most capable of fixing our economic problems.

    • SnodtBlossom

      Trump is the only president the USA has had that never had governing/political experience and/or military experience.
      He bankrupted his companies numerous times.

      • PocoPete

        Trump has common sense. Trump knows what will be the best course to help the forgotten Americans who are the backbone of the United States.

        • socalbeachdude

          Donald Trump proved QED over the past several weeks that he has ZERO COMMON SENSE and is continue to do so in spades this week.

          • PocoPete

            Trump has plenty of common sense.

          • socalbeachdude

            Obviously not as anyone can plainly see with his extreme displays of stupidity over the past few weeks.

          • PocoPete

            Trump has not displayed any stupidity in the past few weeks.

          • socalbeachdude

            Dufus Donnie has DISPLAYED LITTLE MORE THAN EXTREME STUPIDITY over the past few weeks.

          • PocoPete

            Trump has displayed plenty smartness over the past few weeks.

          • socalbeachdude

            Please name JUST ONE SINGLE THING over which you think Trump has displayed a single shred of “smartness” over the past few weeks. I can’t think of anything.

          • PocoPete

            Trump honored the New England Patriots at the White House.

          • socalbeachdude

            Didn’t Tom Brady do a “no show” to that event?

          • PocoPete

            Brady decided to spend time with his mother who has been dealing with an illness for the past year. Brady said in a statement that he was “happy and excited” that the Patriots were honored but regretted missing the event.

      • socalbeachdude

        Only a total of around 6 of Trump’s more than 520 companies ever filed for bankruptcy. That means that 514 of those companies had no such issues!

    • socalbeachdude

      Laughably false! Donald Trump is now a proven LIAR and has a history of VERY DODGY business practices.

    • William Lutz

      I’m kind of thankful that Presidente Orange is now the boss of this nation, but I’m disappointed in him. You think he’s capable of reversing decades of damage? Are you kidding me? His casinos went bankrupt, he’s a boastful narcissist, he supports unfettered eminent domain, he’s sympathetic towards hawkish neocons, he has Goldman Ball Sacs within his cabinet, and he’s planning to waste money on a ridiculous border wall that would be proven to be only for national security theater.

      The only thing I hope for is that he will accelerate the inevitable economic collapse and upcoming wars, since he has proven that he can’t run this country.

      I just have mixed emotions about the annoying orange president.

      • anonymous

        Yeah but orange you glad he is president.

        • socalbeachdude

          No. Donald Trump has proven to be a HUGE EMBARRASSMENT AND DISGRACE to America and Americans. I would be much happier with JAN BREWER, former Governor of Arizona.

          • anonymous

            I agree, just couldn’t help making a bad joke.

          • c_chandler

            pres. trump has improved things but i also like jan brewer.


    The alarm bells are ringing!!. The U.S.S. America is ready to collide with a economic iceberg, which most of it cannot be seen, just like as in April 14, 1912, The H.M.S. Titanic struck a iceberg it could no see until to late!!!. Both will sink, just will take U.S.S. America a little longer!!
    The H.M.S. Titanic sped nearly full speed through a iceberg field that fateful night unaware of the fate bearing down on the ship as the hours, minutes and seconds passed.
    The U.S.S. America is speeding nearly full speed through a economic iceberg most Americans are unaware of the cruel economic fate that will befall them in the near future as the hours, minutes and seconds pass.
    The H.M.S. Titanic struck the iceberg a little before midnight as most passengers were in their cabins sleeping by then, most of them totally unaware of the calamity that had befallen them!!
    The U.S.S. America will strick the economic iceberg one day, and will catch most (not all), but most people sleeping financially
    totally unaware of the fate that has befallen them!!
    Onboard the H.M.S. Titanic there were not enough life boats or life jackets to go around. Panic soon set in once it became fact
    the ship was sinking. Some men were heroes, some men were cowards.
    Onboard the U.S.S. America there will not be enough economic life boats or life jackets to go around. Panic will soon set in once it becomes fact that there will be no bailout or economic recovery this time around!! Some men will be heros, a lot will be complete zeroes!!.

    Hope everyone has a nice week!!!

    • socalbeachdude

      The epicenter of the GRAND GLOBAL CRASH will not be in the US, but rather will be in China and that is already in full swing this morning at the close of the Chinese markets.

  • socalbeachdude

    It’s now a lovely and very happy morning in Paris as certainty is in the air that Emmanuel Macron is guaranteed to become the next President of France on May 7th with a predicted 62% to 38% victory. Macron brings a refreshing new charm to French politics and will put France back on the map in leading the European union along with Germany with absolutely certainty that London will cease to become the financial center of Europe and that the UK will be substantially punished for exiting Europe. Paris along with Frankfurt will become the new leading financial centers of Europe as the UK fades into the abyss. European stocks and the Euro are both up on this most welcome and wonderful news this Monday morning.

    In order wonderful news, the Chinese stock markets have fall by the most they have in many months along with the bond markets there as the Chinese government finally starts severely cracking down on the speculators and leverage, and as an added bonus, gold has plummeted the most in a single day that it has all year and is down as much as $20 per ounce with it and silver joining the rest of the plunging commodities metals and oil as the ongoing global deflationary spiral intensifies.

    • orsobubu

      Les Echos: in Versaille, a highly symbolic place of the past division of the European nations, it was held a summit between Germany, France, Spain and Italy; the meeting indicated in a multi speed Europe the formula for a relaunch of the continent In the 60th anniversary of the Rome Treaty.

      El Pais: the momentum is symbolic next to the formal launch of the Brexit and the French Presidencies.

      Frankfurter Allgemeine: the decision of european foreign ministers to create a Brussels-based joint command and planning unit is a germ cell of an independent European defense policy in response to the Brexit and Trump’s America First.

      Financial times: after abandoning the UE, it is possible, indeed likely, that London will come back. Sovereignty is a dream: the gravitational attraction of a unified Europe on our middle-sized nation is too strong. We know better, because we took 20 years, from 1957, after refusing to adhere to CECA and Rome Treaty, to enter CEE and get the IMF loan in 1976.

    • Wyo proud

      What the hell are you smoking???????

  • socalbeachdude

    Stock Markets Sit Blithely on a Powerful Time Bomb

    How big is margin debt really, and how much of a threat is it to the stock market and to “financial stability,” as central banks like to call their concerns about crashes? Turns out, no one really knows.

    What we do know: Margin debt, as reported monthly by the New York Stock Exchange, spiked to another record high of $528 billion. But it’s only part of the total outstanding margin debt – which is when investors borrow money from their broker, pledging their portfolio as collateral.

    An example of unreported margin debt: Robo-advisory Wealthfront, a so-called fintech startup overseeing nearly $6 billion, announced that it would offer its clients loans against their portfolios.

    “The dream house. The dream wedding. The dream kitchen. The dream vacation.” That’s how it introduced it in a blog post this week. “We want you to have your cake and eat it too,” it said.

    Instant debt “without the hassle of paperwork,” it said. “We want our clients to be able to borrow what they need, when they need it, directly from their smartphones.” Secured by “your own investments.”

    It’s a great deal as long as stocks are soaring. Clients with at least $100,000 in their account can borrow up to 30% of the account value. It’s seductive: No required monthly payments and no payoff date, though interest accrues and is added to the monthly balance. The rate is as low as 3.25%. “How’s that for flexibility?” it says.

    That’s how margin debt is being pushed at the end of the cycle.

  • socalbeachdude

    In other wonderful news, the Chinese stock markets have fallen by the most they have in many months along with the bond markets there as the Chinese government finally starts severely cracking down on the speculators and leverage, and as an added bonus, gold has plummeted the most in a single day that it has all year and is down as much as $20 per ounce with it and silver joining the rest of the plunging commodities metals and oil as the ongoing global deflationary spiral intensifies.

    • orsobubu


      • socalbeachdude

        China Risks Spoiling Global Markets Party as Stocks Tumble Again

        China’s volatile markets are flaring up just as all eyes are elsewhere.

        While global risk appetite returned on Monday on the heels of France’s presidential election, shares in China bucked the trend, dropping the most in three months. The Shanghai Composite Index has lost almost 5 percent since its mid-April peak, worse than all other national benchmarks in the world.

        The slump in Chinese stocks is deepening as authorities seek to reduce economic leverage and regulators intensify supervision on the country’s financial sector.

  • socalbeachdude
    • “V”

      THANK YOU. That was a very good read. Also so very true. I know of five people who are one hospital stay away from bankruptcy. No one saves for a rainy day anymore because they have good old MasterCard and Visa to bail them out. A reckoning is coming.

  • socalbeachdude
  • socalbeachdude


    US stock futures soar on French election news

  • socalbeachdude

    Fed intensifies balance-sheet discussions with market players

    Federal Reserve staff, widening their outreach to investors in anticipation of a critical turning point in monetary policy, are seeking bond fund manager feedback on how the central bank should tailor and communicate its exit from record holdings of Treasuries and mortgage-backed securities.

    Fed officials are intent on shrinking their crisis-era $4.48 trillion balance sheet in a way that isn’t disruptive and doesn’t usurp the federal funds rate as the main policy tool.

  • socalbeachdude

    Federal Reserve Plans to Shrink Balance Sheet by 50%+

    Over the course of this year, the Federal Reserve FOMC which is the policy making committee of the Federal Reserve has announced in their minutes that they will be very substantially shrinking their balance sheet from around $4.4 trillion down to around $2 trillion.

    Much of that will be done by simply letting MBS instruments mature and not replacing them. They are expected to eliminate nearly all of their MBS holdings and get back to holding only around $2 trillion in US Treasuries which will be down from their present around $2.5 trillion in US Treasuries.

  • socalbeachdude


    French stock futures soar after Macron election win eases ‘Frexit’ fears

  • Marc

    The article makes some valid points but I have also heard & read it all before 1,2,3 and 4 years ago. In the mean time I continue to diversify across different share and asset classes (incl. Gold & property). FTSE up almost 2%. And yes, I do continue to prepare because something bad is coming, but there is just no point in living in fear.

    • JC Teecher

      Totally agree, Marc. There is no reason to live in fear..”if” one has the blood of Christ atonement for their sins, first and foremost.
      Secondly; “DIVERSIFICATION”
      Keep perspective of the things that matter, stop wasting $$, and invest in food preps and long term survival requirements.
      Thirdly; Enjoy life as if you will have only a few years to do such. Even if it means making that once in a lifetime purchase of something affordable that brings peace, happiness, and fun to the family.

      If the family unit, as a whole, be it a family of one or ten, has their heart right, and their finances right, aka as debt free as possible, and some dried foods stored for at least six months minimum survival, with twice as much potable water available, than what would be required; then there is no reason for fear nor worry.


      • Marc

        I appreciate your reply JC. Thank you. Your comments confirmed some things for me and helped me finalize one decision about my prepping plans. Btw Jesus Christ is my lord and saviour. We have 4 months stores so far. Bug in and bug out locations. 6 months water in both locations. Been building up alternative forms of trade for some time. Although I enjoy this blog it just irritates me sometimes because my perception is that fear is used to sell ‘stuff’ rather than promoting the approach you are talking about. And as we both know, fear is faith except it works for the bad guys. But then again I think if M did not utilize the stern warning approach then many incl. me might not prepare as we should and would not be ready? I don’t know. Cheers

  • Jake J

    Everytime market goes dowm a few days
    or 100 pts..michael screams crash!
    Then market goes up 300. Lol

    • socalbeachdude

      Stock markets are extremely volatile in both directions which is a sign of hot money sloshing around wildly and of extreme instability in the markets.

      • Dan Wingert

        Wall Street is betting on war.

        • socalbeachdude

          With whom? All of the countries in the world? That’s what Dufus Donnie is working on these days, and that is going to turn into a total disaster.

  • apeiron

    Does SOCIALBEACHDUDE have his own blog someplace? If not why not?

    • Cinderella Man

      Block the troll little triangle across from his name

      • socalbeachdude

        I’d suggest you read my comments and get a clue!

  • George W Hill Jr

    sooner or later you all will realize what I know … it is all down form here …till there is a realization and a reset … $$$ goes to zero …Gold to infinity against the zero $$$…2020 is my time line

    … why do I say this …because I was always good at math. …every one will soon realize it math now not politics…”it will be obvious to even the casual observer”…

    • socalbeachdude

      Laughably false. Gold is just a fungible commodity that is preposterously elevated and will come crashing down as it is doing again today while the US dollar soars upwards significantly in the foreseeable future.

  • Lodewijk Hof

    We, as a customer, are no longer forced to go to a shop. We can buy everything from everyone. We can sell. It would be good for the USA economy to simply stop spending more than they make. There are many problems and the innovations are causing interesting disruptions.

    It’s time we face the fact: the world is a unstable geopolitical situation and we can’t spend like there is no tomorrow.

    • “V”

      Unless your the US government and can just print more money to spend.

      • socalbeachdude

        The US government cannot and does not “print” any money at all. It has to BORROW MONEY to make ends meet and that is now more than $1 trillion a year it has to borrow, but without the federal debt ceiling being extended on Friday, the US cannot issue any more US Treasuries to borrow funds from anyone.

  • Cal

    Call on the name of the Lord and He will eliminate your debts…the debt of sin. Last days, last hours…turn to Jesus and He will forgive you and save you.

  • Richard O. Mann

    Oh well. Nothing last forever on this earth.

    • JC Teecher

      au contraire mon frère;

      The Word of God lasts forever, and soon His Son will set up an Eternal Throne and Holy Temple in Jerusalem.
      After 1000 years, Our Heavenly Father brings down His Throne from Heaven, the Great White Throne Judgment and the lake of Fire will be present, and after that, the Full Eternal Kingdom, with our
      Father present, will be eternally here on Earth.

      it is prophesied by God Himself.

      • Carl

        But if god could not keep his favorite angel “satan” from doing bad things that why would this new kingdom be any different?

        Also there cannot be free will in this new kingdom on earth so why didn’t god just start from that point and move forward?

        Plus why would god need to establish a physical kingdom here on earth when he has the entire universe to utilize? Why give people physical bodies again when they are so limiting?

        • JC Teecher

          Here is the five year old Carl, coming out again…Why? Why? Why?

          When you answer with common sense answers, you still get the why, why why.

          it’s a never ending cycle with Carl.
          He is like a whacky dog chasing his tail.

          • socalbeachdude

            So you can’t answer any of those questions!

  • JC Teecher

    The great Apostasy has begun within the Church, and Christian circles within America and around the World.
    Beginning in 2022, the changes, via the UN, will begin to focus on Religions, and the evil rulers and liberals will try to force Christianity to make a fundamental change in their beliefs.
    The right and true Christians will be targeted as a hate group, because of their stance on abortion and the proliferation of the homosexual agenda.
    The “assumed” hate will be targeted as coming from their Bibles, and the march to eliminate the true, unadulterated, Word of God, will be eventually banned in the same manner that N Korea has banned it.

    No. It will not happen overnight, but the “march” by liberals to get to a global, all inclusive, One World Religious (beast) System will be priority one.

    It is biblical, it is the direct Word of our Creator, it is prophesied, and the warning came again, directly from God in about 2001, for the time frame for all these things to happen.

    Adjust,or be left in the dust.

    • Gay Veteran

      “…he proliferation of the homosexual agenda….”

      jeez, still obsessed with Teh Gays, get back on your meds

    • Paul Patriot


      I am curious though, where you got the year 2022 from?

      I know the UN agenda 2030 is a goal of the globalist, but just curious where 2022 was arrived at at changes to occur?


      • JC Teecher

        Someone else got it from the Archangel Gabriel over a three day visitation back about late 2001.

        i got it through divine direction/intervention, to a one on one interview with the host of the visiting Angel.

        So far, all that was told to the gentleman, that has been able to make angelic connections for many, many years, is right on target.

        Therefore; i see no reason to believe that God has changed his timetable for the consummation of the end of this age. Therefore; with adding all the timed events, signs, wonders, visitations, and biblical prophecies, together; I believe we are less than two decades from the entrance of Antichrist with his pre-trib, fly-away message, and then a “shortened” (possibly to five months), period for his tribulation (when he goes bad publicly, and the jig is up). then comes the true wrath of God, against all non-believers, only, just before our King & Lord, returns.

    • GSOB

      Where is Christ in this compassion?

  • Zlatko Milanovic

    Fact #12: The President is an insane clown…

    • “V”

      Obama is no longer in office, no need to call him an insane clown.

      • Zlatko Milanovic

        Oh, you’re so clever…. but clowns (Donald the clown) wear make-up, and the President is in office, so it’s obvious that Insane Clown President is your guy. They even wrote a book about him…

  • seekless

    Trump is trying and the crowds like it.
    Obama was the worst president ever.

  • seekless

    This republican site knows facts, and knows Trump will make great changes.

  • “V”

    Post this with a caveat as I have found myself on Mr. Snyders bad side so hopefully he doesn’t delete it.
    I can get into my car and drive in any direction for 15-20 minutes and the signs of collapse are everywhere. Closed stores, empty shop’s, deserted malls, people paying for things like milk and bread with a credit card. It is bad and getting worse by the day. Prepare yourselves.

    • ultraman

      Hard to argue with your observations – at least you’re honest about what you see.

      Whereas TV “reporters” are not, as they see LCD screens they are reading from……but the cameras never show u s the screens… do they ?

  • FirstGarden


    What part of “OVER”
    do we not UNDERstand?

    Sudden or gradual – a great implosion is coming…
    to a country near you.

    • socalbeachdude

      In other words, the party is OVER!

      • FirstGarden

        Whether the fat lady sings or not.

  • socalbeachdude

    Get in While You Can, Before You’re Priced Out Forever!

    US Market Closings Monday April 24, 2017

    Dow 20,763.89 216.13 1.05%
    S&P 500 2,374.15 25.46 1.08%
    Nasdaq 5,983.82 73.30 1.24%
    GlobalDow 2,715.71 55.29 2.08%
    Gold 1,277.90 -11.20 -0.87%
    Oil 49.22 -0.40 -0.81%

  • socalbeachdude

    Where’s the Love?

    iHeartRadio parent warns it may not survive another year

    IHRT -23.64%

  • socalbeachdude

    Sears tops list of retailers most vulnerable to defaulting on debt

    SHLD -7.02%

  • socalbeachdude

    Fabulously Entertaining New Soap Opera Debuts in France

    Cougar Mrs. Macaroon & Dashingly Handsome Mr. Macron

    Macron has drawn wide support from all sides of the political spectrum, and even supporters of other candidates now say that the details of their relationship should not impact voters’ decision-making process. They point out that many other male world leaders (one of them living in D.C.) have married much younger women, without causing a national debate.

    In the following decades, as Macron rose from being an investment banker [at Rothschild] to economics minister, their relationship was often put under scrutiny and “misunderstood by many,” as the top-politician himself has said. In 2007, the two married but refrained from talking about it to most people. It took eight more years until the two made their first public appearance during a dinner with King Felipe of Spain and his wife.

    The French press has taken note. “His best ally?” political magazine L’Express asked recently, referring to Brigitte Macron.

    According to Emmanuel Macron, that might well be the case. And yet, his unusual love life has not made his already challenging campaign much easier. On social media, critics of the presidential front-runner frequently refer to his wife using the term “cougar” — a not exactly flattering word that describes older women seeking relationships with younger men.

    In February, Macron also had to deny rumors that spread on social media that he was having a homosexual affair with the director of a leading French radio station.

  • socalbeachdude

    Trump’s learning curve collides with campaign hype

    Trump is 18 for 55 on the individual campaign promises for achievements within his first 100 days. He’s made some progress of 11 of the remaining 37, but no matter what, Trump is going to dramatically miss the mark he set for himself.

    And it might have been reasonable for him to have said, “so what?”

    Trump has been just as unashamed about reversals and seeming contradictions as president as he was as a candidate and, before that, as a businessman.

    One of the great frustrations about Trump is that you can’t nail him down on issues – a changeability that sometimes veers into incoherence. But that also happens to be his single greatest political asset. He is, like it says in the book of Lamentations, “new every morning.”

  • Carl

    Sneak peek: trump wants to lower corporate tax rate from 35% to 15%. Since we all know trickle down economics is nonsense exactly how is this earth shattering and how will it help average Americans and the self employed?

    • socalbeachdude

      100% correct, Carl, and Dufus Donnie’s tax nonsense is absolutely DOA.

  • df NJ

    Raise wages for the common Joe. It’s what Jesus would have done if he was a CEO.

    • socalbeachdude

      Paid for by exactly whom? Jobs only exist to GET WORK DONE at a price that customers are willing to pay. Is that a new concept to you, or what?

  • anonymous

    gooogle: space is fake

    • socalbeachdude

      The only space that is fake is the space in your head.

  • Uproar

    It does make one wonder if America will look like Venezuela or some version of ELYSIUM when this all falls apart here and in the rest of the world.

    Ezekiel 7:19-They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin.

    For God so loved the WORLD that he gave his only begotten son.

    Jesus Christ is the WAY, the TRUTH and the LIFE, NO ONE comes to the Father except through the son-John 14:6

  • Stan

    It’s only going to get tougher for the little guy.

  • Big Red

    As an American Expat that has lived and worked overseas for decades, the USD has never been stronger on the world stage.

    • socalbeachdude

      100% correct and it will continue to get stronger.

  • catalanismo is hatred

    what happens?? all the Trumpzombies and his fake news media have lied us =)

  • socalbeachdude

    The interest on the outstanding US Treasuries is only around $250 billion a year or about 6% of the current $4 trillion a year of federal expenditures, and no credit ratings from the various credit agencies were cut on US Treasuries.

  • People don’t want to believe in a deep state, they want it to be some illusion they can ignore.

  • GSOB

    All that……,
    and no Christ.

  • ultraman

    DVDe: ummmm…….see my reply directly above to SBD…..& follow the same directions to a t.

  • Outofthematrix1000 .

    The reason the debt will constantly rise, is so they can have an excuse to ALWAYS TAX the people. Income tax is theft! Get rid of the Federal reserve. It is illegal and unconstitutional !!

  • James Gutschmidt

    “The validity of the public debt of the United States… …shall not be questioned…” 14th Amendment to the US Constitution. This violates the first amendment freedom of speech, but I will testify from personal experience that anyone who effectively questions the debt will be squashed like a bug. The debt is not valid, is extortion, is created by counterfeit fiat negative debt currency owed to nobody payable with nothing. Its time to declare the debt void, as it is, and pay it off with united states fiat debt notes printed by our own presses. Just write a check for the entire amount signed by the President and the Secretary of the Treasury. One 19 trillion dollar paper would suffice. Pay equal with equal.

  • marlene

    You’re spot on about our debt plague. We wouldn’t have this debt if we printed our own money. We borrow our own dollars from the Federal Reserve that prints it for us and charges more than a dollar to print it plus the charge to borrow it! iceland prints its own money.

  • Rick Van Coevering

    I expect that you are shorting the market, and have been since January, just like George Soros. How is that working out for you?

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