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11 Reasons Why U.S. Economic Growth Is The Worst That It Has Been In 3 Years

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Those that were predicting that the U.S. economy would be flying high by now have been proven wrong.  U.S. GDP grew at the worst rate in three years during the first quarter of 2017, and many are wondering if this is the beginning of a major economic slowdown.  Of course when we are dealing with the official numbers that the federal government puts out, it is important to acknowledge that they are highly manipulated.  There are many that have correctly pointed out to me that if the numbers were not being doctored that they would show that we are still in a recession.  In fact, John Williams of shadowstats.com has shown that if honest numbers were being used that U.S. GDP growth would have been consistently negative going all the way back to 2005.  So I definitely don’t have any argument with those that claim that we are actually in a recession right now.  But even if we take the official numbers that the federal government puts out at face value, they are definitely very ugly

Economic growth slowed in the first quarter to its slowest pace in three years as sluggish consumer spending and business stockpiling offset solid business investment. Many economists write off the weak performance as a byproduct of temporary blips and expect healthy growth in 2017.

The nation’s gross domestic product — the value of all goods and services produced in the USA — increased at a seasonally adjusted annual rate of 0.7%, the Commerce Department said Friday, below the tepid 2.1% pace clocked both in the fourth quarter and as an average throughout the nearly 8-year-old recovery. Economists expected a 1% increase in output, according to a Bloomberg survey.

Even if you want to assume that it is a legitimate number, 0.7 percent economic growth is essentially stall speed, and this follows a year when the U.S. economy grew at a rate of just 1.6 percent.

So why is this happening?

Of course the “experts” in the mainstream media are blaming all sorts of temporary factors

Economists blamed the weather. It was too warm this time around, rather than too cold, which is the usual explanation for Q1 debacles.

And they blamed the IRS refund checks that had been delayed due to last year’s spectacular identity theft problem. Everyone blamed everything on these delayed refund checks, including the auto industry and the restaurant industry. But by mid-February, a veritable tsunami of checks went out, and by the end of February, the IRS was pretty much caught up. So March should have been awash in consumer spending. But no. So we’ll patiently wait for that miracle to happen in second quarter.

They always want us to think that “boom times” for the U.S. economy are right around the corner, but those “boom times” have never materialized since the end of the last financial crisis.

Instead, we have had year after year of economic malaise and stagnation, and it looks like 2017 is going to continue that trend.  The following are 11 reasons why U.S. economic growth is the worst that it has been in 3 years…

#1 The weak economic growth in the first quarter was the continuation of a long-term trend.  Barack Obama was the only president in history not to have a single year when the U.S. economy grew by at least 3 percent, and this is now the fourth time in the last six quarters when economic growth has been less than 2 percent on an annualized basis.  So essentially this latest number signals that our long-term economic decline is continuing.

#2 Consumer spending drives the U.S. economy more than anything else, and at this point most U.S. consumers are tapped out.  In fact, CBS News has reported that three-fourths of all U.S. consumers have to “scramble to cover their living costs” each month.

#3 The job market appears to be slowing.  The U.S. economy only added about 98,000 jobs in March, and that was approximately half of what most analysts were expecting.

#4 The flow of credit appears to be slowing as well.  In fact, this is the first time since the last recession when there has been no growth for commercial and industrial lending for at least six months.

#5 Last month, U.S. factory output dropped at the fastest pace that we have witnessed in more than two years.

#6 We are in the midst of the worst “retail apocalypse” in U.S. history.  The number of retailers that has filed for bankruptcy has already surpassed the total for the entire year of 2016, and at the current rate we will smash the previous all-time record for store closings in a year by nearly 2,000.

#7 The auto industry is also experiencing a great deal of stress.  This has been the worst year for U.S. automakers since the last recession, and seven out of the eight largest fell short of their sales projections in March.

#8 Used vehicle prices are falling “dramatically”, and Morgan Stanley is now projecting that used vehicle prices “could crash by up to 50%” over the next several years.

#9 Commercial bankruptcies are rising at the fastest pace since the last recession.

#10 Consumer bankruptcies are rising at the fastest pace since the last recession.

#11 The student loan bubble is starting to burst.  It is being reported that 27 percent of all student loans are already in default, and some analysts expect that number to go much higher.

And of course some areas of the country are being harder hit than others.  The following comes from CNBC

Four states have not yet fully recovered from the Great Recession. As of the third quarter of last year, the latest data available, the economies of Louisiana, Wyoming, Connecticut and Alaska were still smaller than when the recession ended in June 2009.

Other states that have recovered have seen their economic recoveries stall out. Those include Minnesota, North Dakota, New Mexico, Oklahoma, South Dakota and West Virginia.

We should be thankful that we are not experiencing a full-blown economic meltdown just yet, but it is undeniable that our long-term economic decline continues to roll along.

And without a doubt the storm clouds are building on the horizon, and many believe that the next major economic downturn will begin in the not too distant future.

 
  • ALWAYSTOMORROW

    Interesting article.

    I think I will have a fruit salad. 😉

    • socalbeachdude

      Be sure to liberally sprinkle it with edible gold!

  • Bob

    Is “recession” the wrong word? Should we not call it a depression?

    • socalbeachdude

      Yes, this is the GRAND GLOBAL DEPRESSION which began in August 2007 and which is now getting vastly worse as it intensifies at a very rapid pace!

    • JC Teecher

      I wouldn’t go that deep right now, as about 40% of the sheeple are still keeping their heads above water.

      when the 1929 style of Depression hits, there will be bread lines, for vouchers and /or bread and cheese.

      Good cold fresh milk will be a luxury in a depression state. I will have cold milk, but it will be from powder.
      I will have my chocolate, or oatmeal snack cake at night before bed to go with it, but it will be homemade.

      My beer and /or wine will be 100% homemade as well.

  • PocoPete

    Even if the economy should worsen, the American people will stand behind Trump.

    • socalbeachdude

      Just like they did behind his great predecessor in the 1930s, HERBERT HOOVER? Really? Seriously?

      • PocoPete

        Yes, the American people will really stand behind Trump.

        • socalbeachdude

          WITH PITCHFORKS AND TORCHES!!!

          • PocoPete

            No, not with pitch forks and torches. With regular support.

          • socalbeachdude

            If you really “think” that you’re totally out of touch and beyond bizarrely delusional.

            Dump Trump is already 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.

            http://www.dailymail.co.uk/news/article-4419768/Prof-predicted-Trump-win-says-ll-impeached.html

          • PocoPete

            No, not bizarrely delusional. In touch. Thinking correctly.

          • socalbeachdude

            Hardly.

          • PocoPete

            No, not hardly. Very much it is so.

          • socalbeachdude

            Donald Trump is nothing other than a DUPLICITOUS LIAR and COMPLETE INCOMPETENT and ARROGANT DOLT and that has now been proven QED for all the world to see.

            It’s time for Americans to tell Dolt Donnie:

            “YOU’RE FIRED!”

          • PocoPete

            No, Trump is not incompetent or other bad things. The American people appreciate Trump’s courageous leadership.

          • socalbeachdude

            There is nothing in any way competent or courageous about COWARD TRUMP who is now obviously just a stupid lying puppet of the dark state and about as brainless as a pile of broken bricks.

          • PocoPete

            No, Trump is not a puppet or brainless. The American people believe in Trump.

          • socalbeachdude

            Only a constantly increasing amount who are extremely blind and very, very stupid.

          • PocoPete

            No, not blind and stupid. Smart American people.

          • socalbeachdude

            Laughably false. They are MEGA STUPID.

            The First 100 Days…A Tale Of Two Trumps

            http://rense.com/general96/first100days.html

          • PocoPete

            No, not false. Mega smart.

          • J.j. Cintia

            This clown is starting another foreign war. You might as well have supported another Bush, cause that’s what he would have done.

          • PocoPete

            Trump is not starting another war. Trump is make the world safe for Americans.

          • J.j. Cintia

            Yeah I feel so much safer now that we bombed Syria and are sending Americans to stand up to some pissant tinpot Asian Dictator in another Hemisphere. Hopefully those Syrians they’re flying in to stop Ivanka’s tears kills you and rapes your wife.

          • PocoPete

            Trump is using force to make the bad countries stay in line.

          • J.j. Cintia

            Yeah why doesn’t he save some of that force for the criminals and terrorists that live here? Its completely worthless to fight overseas and abandon your families to foreigners living here that mean to do your loved ones harm. What good is fighting fires somewhere else, if your OWN HOUSE IS BURNING DOWN?

          • socalbeachdude

            Indeed. 100% correct.

          • JC Teecher

            It is called “allies”, as in foreign allies like Japan and South Korea.
            If we abandon our Asian allies, and they fall into the communistic hands of China and God forbid, North Korea, then we have lost something that you can not put a value/price on.
            We also lose two important trading nations, that we have had deep ties to over many decades.

            How easy would it be to turn your back on a friend you had done business with, and sacrificed blood for, over decades?

            Odrama and the liberals are good at stabbing friends in the back, as with their stance in the Middle East and Israel. They took sides with the muzzy-bros-in-tha-hood, and gave them hundreds of billions of taxpayer dollars.
            They did under-the-table, back room deals with Iran, and gave them untold billions…in cash..for what?

            If billery had won, we would now have a steady stream of so-called refugees coming in, day after day after day.
            Then; how much burning in America would be going on?

          • Zlatko Milanovic

            I was with you until you got to “Odrama…”, then I just stopped reading.

          • JC Teecher

            You would not be able to comprehend anything after that anyway.
            You have become too indoctrinated by the liberal mindset to see truth, Zlat.

          • socalbeachdude

            We currently DO HAVE A STEADY STREAM OF MUSLIMS COMING INTO THE USA EVERY SINGLE DAY. Helllooo?

          • Paul Patriot

            Right, thanks to obamma opening the borders and allowing foreigners to come here who will never assimilate,.

          • socalbeachdude

            What totally false and utterly absurd and bogus NONSENSE.

          • socalbeachdude

            And just how is Dufus Donnie doing that by MAKING ENEMIES ALL AROUND THE WORLD EVERY DAY and bombing and murdering people in Afghanistan and Syria BASED ON TOTAL LIES?

          • Paul Patriot

            And please tell us all knowing socalbeachdude…..how did Obama make America safer by kissing the a** of the ideology called Islam ??????????????

          • socalbeachdude

            The Muslim religion is based on the very same historical accounts and is nearly identical in every respect to the Christian religion. I’d suggest you go read the Koran.

          • GSOB

            lol…. Quran

          • socalbeachdude

            Once again, the Koran and Christian Bible are nearly identical in all respects and are based on the same cast of characters. Christians and Christian countries have MURDERED MORE PEOPLE than all of the rest of the people in the world combined have ever done.

          • Paul Patriot

            Once again, please stop saying Christianity and islam are identical in ALL respects.

            If you took time to get off the computer and actually read and compare, you will see a huge difference.

            Dont forget the Hadith as that is authoritative writ for muslims.

          • socalbeachdude

            There is no major difference at all and both religions are based on the same fable and cast of characters.

          • socalbeachdude

            The Koran does not regard Jesus of Nazareth as a particularly important or interesting historical figure.

            Over the millennia, Christians have produced a vastly larger trail of tears and death than those of the Islamic faith.

          • Paul Patriot

            “The Koran does not regard Jesus of Nazareth as a particularly important or interesting historical figure”

            Correct. Whats your point? The koran is not the Word of God, so of course it is not going to elevate Jesus Christ.

            “Over the millennia, Christians have produced a vastly larger trail of tears and death than those of the Islamic faith”

            Total lying nonsense. TRUE Christians do not murder those who disagree with them, the acts you refer to were committed by murderers doing it in the name of “christianity” (RC church)

            Furthermore, comparing the teaching of the founders of each “religion” reveals that Jesus never commanded violence, wheras, Muhammad, spoke much about conquering violent jihad for those who do not believe in the muslim “god” allah.

            Big differance.

          • Paul Patriot

            Wow!!!!! Now I am convinced you need help.

            Your statement above is so incorrect, its hard to comprehend that you be inclined to believe that. …..unless you have not studied on your own, and have been drinking the koolaide given to yoiu by the Pied piper of propaganda.

            Your misunderstanding of islam and Christianity is one reason why this nation is asleep, and welcoming the “religion of peace” to invade our nation.

            I have studied Islam, Muhammad, hadith, its murderous, bloody, oppressive 1400+ year history, and its agenda to forcefully convert the world, and crush all infidels who will not “submit” to its ideology.

            You have absoulutely
            have no idea what you are talking about

            http://www.tilproject.com

          • socalbeachdude

            Laughably false. The Islamic Koran is NEARLY IDENTICAL TO THE CHRISTIAN BIBLE in every respect and both are based on the very same fables and cast of characters.

          • Paul Patriot

            Wow!!!!! Now I know that you have not studied either resource and are simply making assertions pulled out of the air, and based on nor backed up by any facts whatsoever.

            You really need help, please seek help.

            Your assertion that The quran and the Bible are “NEARLY IDENTICAL…in every respect….” clearly reveals one or more of the following:

            1) You are incompetent and are simply
            listening to the voices in your head and have not studied the either of these texts enough to know what they teach and the chasm of difference between the two.

            2) You have been so brainwashed by propaganda, that your ability to freely think has been destroyed.

            3) You are a keyboard warrior who likes to post things that are void of logic, commons sense and fact, just to get folks riled up.

          • socalbeachdude

            What utterly false and bogus assertions.

          • Zlatko Milanovic

            Sorry ‘dude, even a liberal like me knows that ISIS and the Taliban are our mortal enemies and have and will attack us at every turn. No one likes war, but it has been thrust upon us by Islamic fanatics, so I say take it to ’em, pound ’em into submission.
            Many Americans don’t want to admit it, understandably, but we are in a war of civilizations, and have been since about the year 632 A.D. when Muslim armies poured out of Arabia to conquer the world. Christian Europe, and the west by extension, have been at war with Islam since then. European technological superiority crushed Islam between 1800 and 2000, but they are now trying to regain lost ground. The war continues.

          • socalbeachdude

            Russian planes were BOMBING ISIS / IS / ISIL TERRORISTS inside the country of Syria – not innocent civilians. There is NO EVIDENCE WHATSOEVER that Assad has ever had any chemical weapons and in fact 100% conclusion evidence to the contrary as was exposed QED by journalist Sy Hersh in 2013 when this very same bogus nonsense was being blamed on Assad and Syria by the US MIC, UK, and Israel.

            Those 2013 chemical attacks inside Syria were DONE BY IS / ISIL / ISIS as was proven conclusively and had nothing at all to do with Assad and Syria which has been under attack by those terrorists for a number of years now. Assad never dropped any barrel bombs or any other kinds of bombs on civilians inside Syria.

          • JC Teecher

            Trying? I would say they are succeeding, and doing it very well under the liberals that you support.

            yes, I know there are liberals on both sides of the isle, and I will be the first to admit that and agree that they are just as bad. However; as a self proclaiming Christian, you must see the juxtaposition of these two words used together.

            A liberal Christian is about as wrong, as a Gay Christian. God has set rules, and pc and approval by a public majority does not change God’s laws, statutes, and position on these things.

            Sorry, Zlat;
            but you can’t have it both ways. You can’t claim to be a liberal, vote demoncratic, and still think God will bless you as you support those that support abortion and gay marriage.
            You can’t be Christian and be for the demoncrats socialistic agenda.
            In their ideology, that the poor unemployed, don’t have to work and they will tax working people, and disburse those funds to them for their food, health care and shelter, plus raise their babies.

            In God’s system; if you are able, (not the mentally and physically disabled), and if you don’t work, you don’t eat.
            In the old days, there was a saying, that one of my grandpas used to say…”Root Hog or die”.

            For many, it is hard to understand and makes no sense. But to grandpa, it made plenty of sense.
            In order for a wild hog, a wild boar, to survive, he had to work for his food, and the only way he could work for it was by rooting up the ground, with his snout.

            When one of his boys laid out on a drunk, and came back home to sober up. he would shake them up at sunrise and say, “look what the cats dragged in last night”. then after breakfast, they wanted to go back to bed and sleep all day, but grand pappy had other plans for them getting over their alchey binge. It was called work. Work and sweat. If they refused, he would say “pack your sheet, and go back to ye whores for food, go, root hog or die.”

            I couldn’t fully understand the tough love part of it back then, as i was only 6,7, and 8; but when I got old enough to see the full extent of sorriness and laziness in people, I fully got it.

          • Zlatko Milanovic

            I don’t agree with your characterization of things, respectfully. Neither do I advocate being lazy or not working. I am glad our interactions are a bit more civil than before. I’m always willing to listen…

          • socalbeachdude

            How is it “smart” or “Mega smart” to be a DUPLICITOUS LIAR WHO DISHONORS ALL OF HIS PROMISES TO AMERICANS and who attacks and murders people in other countries BASED ON TOTAL LIES?

          • Paul Patriot

            All his promises??????? Which ones are those?????

          • socalbeachdude

            Trump’s Deplorable First 100 Days

            http://rense.com/general96/deplor100days.html

            Trump Gives Himself ‘Very High Marks’ In First 100 Days! He Broke Every Major Promise, Increased Obama’s Wars Threatens N Korea, Iran & Trashed US-Russia Relations

            http://rense.com/general96/APintervTrump.html

          • Paul Patriot

            Like those in commiefornia who blindly continue to allow liberal progressive socialist Marxist ideals to consume the once great state of California??????

          • socalbeachdude

            What utter nonsense.

          • socalbeachdude

            California is greater than it has ever been in its history and is now by far the largest state economy in America and would be the 6th largest economy in the world if it were a sovereign country.

          • Paul Patriot

            OK, you are viewing economically only, what about everything else?

            It continues to plummet towards liberal, leftist, socialist principles….history tries to teach us over and over that if that continues, the results are not good

          • Paul Patriot

            Laughably false!

            His first 100 days in office demonstrated far more courage, backbone and rocking the “anti American” boat as it were, than our previous, weak, spineless, politically correct excuse for a leader in all the 8 years combined that he previously occupied our house.

          • socalbeachdude

            Laughably false. You must be blind.

          • Paul Patriot

            Spoken like a true commifornian good job!

    • SnodtBlossom

      Impeach President PigBastard T.Rump!!!

      • socalbeachdude

        Actually, you had it right all along!!!

        • Paul Patriot

          Hmmmmmm???? So you are a DEMONcrat after all?

          Your posts ate not consistent, It sounded like you were pro Trump, then agreeing with a hitlery worshipper like snodtblossum?

          What gives?

          • LIZ THE SHIZ

            when you’re a paid troll you can be anything you want and take any side you want , it’s all about the click bait cha ching!!!

          • socalbeachdude

            What a totally false and absurd assertion.

          • Unseen

            I think SoCal said in one of his posts a couple of months ago that he was a “Trust Fund Baby.”

          • Paul Patriot

            OK…….???????????????

          • socalbeachdude

            I was a very strong supporter of Donald Trump and worked very hard to get him elected and then LOOK WHAT WE ENDED UP WITH. Donald Trump has BETRAYED NEARLY ALL OF HIS CAMPAIGN PROMISES and proven himself to be the worst and most reckless WARMONGERING JACKASS that we have ever seen as President.

          • GSOB

            You are fickle or myopic…..very dense…. or all three.

          • socalbeachdude

            No, what I stated simply describes my present view of Dufus Donnie based on his extremely incompetent, duplicitous, and outrageous actions over the past 100 days. I would never vote for that jackass ever again and fully support impeachment at the earliest possible time.

        • GSOB

          LOL

      • PocoPete

        No, Trump is not a PigBastard. Ok.

    • chris

      If the economy worsens expect being taken to war.

      • socalbeachdude

        There would be NO MONEY AT ALL for any further “wars” if the economy worsens. Helllooo?

        • GSOB

          The Quran contains at least 109 verses that call Muslims to war with nonbelievers for the sake of Islamic rule

          • socalbeachdude

            What utter nonsense.

      • PocoPete

        Trump will only have war if really, really necessary.

        • socalbeachdude

          War is NEVER NECESSARY for any reason.

  • GetReal4U2

    meanwhile the markets climb…hmmmmm

    • socalbeachdude

      That typically happens before crashes in the markets and a number of stocks are already in full crash mode this week.

      U.S. Steel suffers biggest stock plunge in its 26-year public history – By Tomi Kilgore MarketWatch

      Shares of U.S. Steel Corp. plunged 25% in morning trade Wednesday, putting them on course to suffer the biggest one-day selloff since they went public in April 1991, after the steelmaker reported a surprise quarterly loss.

      The previous biggest one-day drop was 18% on Oct. 15, 2008. The stock, which was by far the biggest percentage decliner listed on the NYSE, was trading at the lowest level seen since Nov. 8, 2016. At one point, the stock had nearly doubled after the election, to a 2 1/2-year high close of $41.26 on Feb. 21, before all the post-election gains were erased. Volume topped the full-day average of 19.0 million shares within 15 minutes after the open.

      The company reported late Tuesday an adjusted loss per share of 83 cents, compared with the FactSet consensus for a profit of 35 cents a share. Revenue of $2.73 billion also missed expectations of $2.95 billion. The stock has now shed 29% year to date, while the S&P 500 has gained 6.7%.

      http://www.marketwatch.com/story/us-steel-suffers-biggest-stock-plunge-in-its-26-year-public-history-2017-04-26?siteid=nbsh

      Where’s the Love?

      iHeartRadio parent warns it may not survive another year

      IHRT -23.64%

      http://www.marketwatch.com/story/iheartradio-parent-warns-it-may-not-survive-another-year-2017-04-21-121035436

  • socalbeachdude

    Almost Gotta Feel Sorry for Incompetenet Imbecile Lil’ Un!

    North Korea carries out another failed missile test, just hours after Pyongyang warned it was ‘on the brink of nuclear war’ with the United States

    The launch comes just hours after the county announced it was ‘on the brink of nuclear war’ as the United States stages military drills with South Korea. The country labeled the United States a ‘blackmailing gangster’ holding North Korea at ‘knifepoint’ by supporting its enemies and imposing economic sanctions. The comments come as tensions between the North and United States continue to escalate and leader Kim Jong Un vows to continue nuclear missile tests.

    http://www.dailymail.co.uk/news/article-4457150/North-Korea-carries-failed-missile-launch.html

  • socalbeachdude

    Breaking: Huge 6.9-magnitude earthquake strikes the Philippines as locals report hearing ‘explosions’ and are warned to avoid the beach with ‘hazardous’ three-foot waves set to lash the coast

    An earthquake has struck off the coast of Mindanao in the Philippines with a magnitude measuring 6.9, causing ‘hazardous’ waves within 300km of the epicentre.

    http://www.dailymail.co.uk/news/article-4457230/Philippines-struck-earthquake-causing-hazardous-waves.html

  • socalbeachdude

    BUNGLING UNITED FREEZES BUNNY RABBIT TO DEATH

    Who froze Simon rabbit? Giant bunny died after bungling United Airlines staff put it in the FREEZER for 16 hours

    Simon – expected to outgrow his father to become the largest rabbit ever – was alive when he was taken off the plane from Heathrow but and died at a holding facility at Chicago O’Hare Airport.

    http://www.dailymail.co.uk/news/article-4457524/Giant-rabbit-Simon-died-United-staff-FROZE-him.html

  • socalbeachdude

    IS THIS GOING TO BE A NEW THING NOW EVERY FRIDAY?

    President Trump signs short-term spending bill that prevents federal government shutdown on his 100th day in office… but it only lasts one week

    President Donald Trump has signed a short-term, stopgap spending bill keeping the government functioning and avoiding a shutdown on his 100th day in office.

    http://www.dailymail.co.uk/news/article-4456364/The-Latest-Congress-Oks-short-term-bill-avert-shutdown.html

    • olde reb

      Wall Street’s new tax plan–whoops, Donald’s new tax plan–reduces taxes but does not reduce spending. Obviously, New Cash Treasury securities that must be auctioned will inherently increase.

      Is this Janet’s way to introduce hyper inflation?

      Where does all of the funds from those securities go after the FRBNY receives them ? (Don’t bother telling me they go to the government.)

  • socalbeachdude

    CRAZED MACHETE-WIELDING REPUBLICAN STUDENT…

    ‘Are you Republican or Democrat?’ Machete-wielding man demanded to know which party people supported before attacking them at Kentucky college cafe

    Alleged machete-wielding Mitchell Adkins grilled people about their political affiliation before attacking and injuring students at a central Kentucky university’s coffee shop this morning, cops said.

    http://www.dailymail.co.uk/news/article-4456152/Student-injured-machete-attack-university-coffee-shop.html

    • Paul Patriot

      Yeah, if they say democrat, he attacks because he knows they are not armed….if they say republican, he moves along, because there is a good chance they are armed.

      • Zlatko Milanovic

        Aren’t you funny? This liberal Dem is armed to the teeth, with years of military service to back it up. Wish I’d been there, there’d be a different headline:
        “Machete-wielding Republican fanatic shot in the head by patriotic liberal”.

        • JC Teecher

          Look at you with your new avatar.

          You are talking out your buttocks again.
          Most liberal Dems are wussies, and couldn’t fight their way out of a paper bag.

          I think you may be overplaying yourself, a tad, there Zlat. Back off on the caffeine.

        • Paul Patriot

          The democratic party has consistently been antagonistic towards 2nd amendment rights, nationally and across the board.

          They don’t like the idea of citizens owning those “evil” “assault” rifles, and oooohhhhh those evil “hi cap” magazines, it scares me just to wrote about them!!!! SARC

          Bet you don’t talk this way in front of other liberal progressive dems?

          I grew up in Massachusetts and then Connecticut, and I can say authoritatively, if you are who you say you are, you are a rare one indeed.

          Most liberal democrats long for the day the citizens are disarmed of the firearms that are commensurate with the 2nd Amendment, and usher in the gun free eutopia that their platform has consistently advocates.

          • socalbeachdude

            GUNS ARE BAD AND EVIL and we are doing all we can here in California to nearly totally prohibit that kind of extremely dangerous junk.

          • Paul Patriot

            Exactly! Y’all are doing a great job by the way….Mao, Stalin, hiter, Mussolini, etc would be very proud of you.

  • socalbeachdude

    The so-called “Great Depression was actually just a VERY MINOR AND SHORT-LIVED BLIP.

    The Great Depression itself was really nothing more than two separate periods of recession the first of which started in August 1929 two months before the stock market crash of 1929 and which lasted only until March 1933. Then there was a recovery which lasted 4 full years with positive growth in GDP until May 1937 when the economy dipped into another very short recession which only lasted until June 1938.

    http://ingrimayne.com/econ/EconomicCatastrophe/GreatDepression.html

    This time around the Grand Global Depression is likely to last considerably longer and actually started in August 2007 and will be with us last least out through the end of 2032. The affects of the GGD are being masked by huge government deficits without which GDP would be decisively negative and by such programs as food stamps which are the modern equivalent of soup kitchens for nearly 50 million Americans.

    The massive slowdown in the US economy began in 1928 as the huge credit bubble blown during the 1920s began to burst. The crash in the real estate markets began in 1926 in Florida and was epic and rolled through most of the country up in to the 1930s. The stock market crash of 1929 was just one of the many events during that time period from 1926 through 1938 caused by the bursting of the 1920s massive credit bubble.

    Herbert Hoover had nothing whatsoever to do with the cause of the so-called Great Depression. The cause was the COLLAPSE OF AN IMMENSE CREDIT AND SPECULATIVE BUBBLE from the 1920s on Wall Street, but yet America blamed Hoover and elected FDR, who lives in infamy as the single worst and most destructive President ever in the history of the United States of America.

    • olde reb

      Ben Bernacke has acknowledged that the Federal Reserve caused the Great Depression by repeatedly increasing margin calls every time a recovery started and forced banks to call outstanding loans (including margin calls in the stock exchanges which crashed it).

      The Fed developed the action to force gold backed currency out of circulation and then used the contrived WW II to flood the market with interest bearing FR Notes (more New Cash Treasury securities).

      Robert Stinnett in DAY OF DECEIT uses official government documents to show FDR and his Wall Street cronies developed an agenda years before Pearl Harbor to provoke Japan to action because Japan was too much competition for Wall Street markets..

  • socalbeachdude

    ETFs are ‘weapons of mass destruction’ – Bloomberg

    ETF’s now account for nearly 30% of all stock trading daily.

    Exchange-traded funds are “weapons of mass destruction” that have distorted stock prices and created the potential for a market selloff, according to the managers of the FPA Capital Fund.

    “When the world decides that there is no need for fundamental research and investors can just blindly purchase index funds and ETFs without any regard to valuation, we say the time to be fearful is now,” Arik Ahitov and Dennis Bryan, who run the $789 million fund, said in an April 6 letter to investors in the actively managed fund.

    The flood of money into passive products is making stock prices move in lockstep and creating markets increasingly divorced from underlying fundamentals, the managers said. As the market moves ever higher, there’s the potential for a sharp decline. The U.S. ETF market has about $2.7 trillion in assets, the majority in products that track indexes. ETFs have attracted more than $160 billion in new flows so far this year, Bloomberg data show.

    https://www.bloomberg.com/news/articles/2017-04-27/etfs-are-weapons-of-mass-destruction-fpa-capital-managers-say

    • Wussypillow

      Index funds outperform actively managed funds each year, every year. Go shill your worthless ‘expertise’ and ‘management’ somewhere else wallstreeter.

      • socalbeachdude

        Laughably false.

  • J.j. Cintia

    I’d like to know what the “economy” is that they are talking about? Almost all the factories in my city have closed down. Half the nearby mall is empty. Two anchor stores have no traffic in them, and the rest is two discounters, a dollar store, a dentist office and small specialty shops. Is this an economy? Obama seems to have made a ton of SBA loans to low rent convenience stores run by minorities. These things are everywhere. They make virtually no money and seem to be a flurry of illegal activities like Food Stamp fraud. Face it. There is NO ECONOMY. People have mountains of debts. They pay for food with CREDIT. There isn’t going to be any RECOVERY. There is nothing left to RECOVER!

    • socalbeachdude

      I buy all grocery items using credit cards and so do most other people I know in order to get DIVIDEND REWARDS of 1% to 5% on all purchases from the credit card companies. The US economy continues to be an $18 trillion a year economy even with the downturn this 1st quarter of 2017.

      • J.j. Cintia

        Yeah all those people using credit cards for essentials like food are doing it to reap the 1 to 5 % rewards huh? What about the bigger rewards they could get if they purchased high end goods like electronics and computers? You’re an idiot.

        • socalbeachdude

          Most people pay off their credit card balances in full at each statement close and there has been practically no increase whatsoever in credit card debt in the USA from over 10 years ago.

          Electronics and computers are not “high end goods” at all, and credit cards are often used to purchase such things in order to get rewards from credit cards and most people pay their balances in full each month, but there is only so much of that stuff that anyone has any interest or desire in at all, whereas food is an ongoing monthly expense.

          • J.j. Cintia

            Man, that’s not even close. Credit Card debt has ballooned. Personal bankruptcies are also going up. No way are most people paying off their debts every month. Some are working two jobs and not making ends meet. What are you a paid troll? This data you are using is not even close!

          • socalbeachdude

            Absolutely false. Credit card debt in 2007 was just a hair about $1 trillion in the USA and today (10 years later) it is just a hair above $1 trillion.

          • J.j. Cintia

            So you use hair to measure economic data do you? That figures.

          • socalbeachdude

            Huh?

          • Paul Patriot

            Wow! Your delusional understanding of your private reality is troubling.

            This is the problem when one spend too much time in Mommy’s basement, and is out of touch with reality.

            Normalcy bias is a scary thing.

          • ALWAYSTOMORROW

            Scary also is Dunning–Kruger effect, of which you seem to suffer.

          • Paul Patriot

            Wow!!! Brilliant observational skills…..

            I love it when a third party rudely interrupts a thread discussion with insults, yet no other comments to explain the reason for the post.
            Your communicative skills are amazing.

          • gold&silverismoney

            Don’t feed the troll.He upvoted all his own comments.

          • socalbeachdude

            What utter nonsense. I would suggest you start dealing with the ACTUAL FACTS as opposed to your obvious DELUSIONS that you keep wallowing in even when clearly presented with the actual facts such as that auto sales are running at a rate of 16.3 million units a year in the USA right now. More than one third of all homes in the USA are owned free and clear of any mortgage debt. Total households assets in the USA now exceed $92 TRILLION.

            Americans Wealthier Than Ever…

            U.S. household net worth climbed to a record $92.8 trillion in the fourth quarter of 2016, as the end-of-year surge in stocks and a steady climb in home prices added more than $2 trillion of wealth to household balance sheets.

            The biggest contributor to the increase was the stock market’s end-of-year rally, which added $728 billion to household net worth in the fourth quarter, according to the Federal Reserve’s quarterly financial accounts report.

            https://www.wsj.com/articles/u-s-household-net-worth-reaches-record-92-8-trillion-1489078918

    • SnodtBlossom

      Where are you?
      Here in Tampa, the rents are in a bubble, houses sell in a blink, and I see a fair amount of building.

      • chris

        Canadian and Australian housing bubbles appear to be in trouble or actually bursting. Look out Tampa!

        • socalbeachdude

          No, they are just getting bigger and bigger in Canada and Australia and spreading through those entire countries.

    • chris

      You’re not the only one who has reached that conclusion!

    • socalbeachdude

      The US economy remains an $18 trillion a year economy which is by far the largest single country economy in the world and assets of American households now exceeds $92.8 trillion making the USA the wealthiest country in the world based on asset ownership. There is obviously plenty of money in the US economy and housing prices are now setting record highs once again due to a shortage of houses available in the housing markets.

      • J.j. Cintia

        Static assets are meaningless. The Housing Market varies. All the “refugees” and immigrants obviously require housing, but that’s not a sign of a healthy market since they are piss-poor and sucking up taxpayer monies just to eat. Car sales are at record lows. Stores are going bankrupt. Sales are the most important indicator of economic health.

        • socalbeachdude

          Car sales are nowhere near “record lows” at all and there are more than 16 million new vehicles now being sold in the US which is down slightly from the prior record high of slightly over 17 million a year.

          The housing markets have reached new highs in many places in the USA due to demand and fewer people willing to sell and houses are snapped up very quickly whenever they are put on the market often for bids well in excess of their asking prices.

          Yes, a number of retail stores are failing because the USA was vastly overretailed with far too many stores built on debt and we will see about 6,000 retail store closings over the course of this year to clear out the dead wood from the retail system.

          • J.j. Cintia

            Do you even keep up with news? They just released a report that new cars are not selling. Even USED CARS are not selling!
            The retail sector isn’t overbuilt. Wal-Mart killed off a lot of competitors, but they weren’t replaced with more retailers. Retail is zeroing out. Even High End stores like Macy’s are closing outlets. Discount outlets are popping up to dump inventory from the bankrupt retail sector.

          • socalbeachdude

            Absolutely false. New vehicles are selling at a rate of around 16 MILLION UNITS A YEAR CURRENCY which is down somewhat from the prior record high last year of around 17.4 million units. There are slews of new cars on the streets all around Southern California with paper tags.

            The retail sector in the USA is vastly overbuilt with brick and mortar floor space nearly DOUBLE THAT OF OTHER COUNTRIES and much of that was built on debt which is why many malls are closing along with retail stores themselves.

            Retail is hardly “zeroing out” and sales are higher this year once again than they have ever been in the history of retail. What are being closed are stores with low profits.

          • Paul Patriot

            Laughably false. Maybe in the country you live in, but not nationally in the USA

            Your posts are results of simply copying and pasting articles on the web, not all info on internet is accurate.

          • socalbeachdude

            What part of the fact that auto sales in the USA are now running more than 16.3 million a year on an annnualized basis?

            USA Auto Sales, March 2017

            Total vehicle sales rose at a seasonally adjusted annual rate of 16.63 million, according to Autodata. That was short of the forecast for 17.30 million, according to Bloomberg.

            http://www.businessinsider.com/us-auto-sales-march-2017-2017-4

    • William Lutz

      To provide a similar example, my neighborhood is also in bad shape. There’s an abandoned building that used to be a Kmart; it shut down a few years ago. There are a few empty lot stores in the nearest strip mall. We have an underperforming Big Lots. In addition, the discount stores are booming and welfare recipients are rampant.

      Besides the substandard economic performance here, I’m surrounded by a filthy environment and scumbags. The streets are dirty with loose dirt and litter. The air quality makes me light headed. There’s also a huge Central American demographic in my town. Low class Boricuas and the like seem to dominate this area in a very lousy fashion.

      On top of all that, we experienced a major shooting last summer.

      This is the so called “Beautiful City of Orlando.” Gosh I want to GTFO of here pronto.

    • socalbeachdude

      Beverly Hills has never been more prosperous and beautiful than it is today more than 100 years since it first incorporated as a City here in California.

      http://www.BeverlyHills.org

  • The Hovis Trader

    The “Big Reset” is not going to happen – YES I AGREE all the FACTORS for a spectacular crash are in place and HAVE been for years – but it’s not going to happen – The reason been is that it’s already happened but you missed it in 2000 – Markets work in Time Cycles and those Time Cycles are EVERYTHING, the stock market reacts to them and then the general ECONOMY does so too! The stock market will at some point have an extended correction but the down cycle ended in 2016 and from now on it’s up, positive and inflationary to 2032. You see I trade the financial markets and I like to know if markets can be predicted – 99% of information out there is utter rubbish – but when you spend 10 years researching and studying you then start to see what actually drives markets

    • socalbeachdude

      Laughably false. Some very major stock crashes are going on right now as companies run into huge earnings misses and as debt implodes including US Steel and iHeart radio this very week and many stocks are on the verge of imminent implosion.

  • JC Teecher

    The real damage was done from 2008 to 2015. This was an unprecedented time of ussag bankruptcy, economically and spiritually.
    The economy became more broken, from what little Bush had already caused, with his band of numbnuts, and bureaucracy.
    Right out of the gate, Odrama got everything he wanted and we immediately added another trillion to the National Debt. They, the liberals on both sides, added over a trillion dollars a year to the debt.

    Then, through this whole period, the people added more to their personal debt, be it through college loans, or living above their means.
    Now, we have a nation enslaved to massive interest owed to banks.
    No economy can keep it’s head above water, much less grow, with mtns. of debt that keeps people from spending $$ at retailers.
    And, to add to the problem..people drive and run through enormous amounts of gasoline, for the sake of getting out and going.
    We have become a nation of hyper paced idiots, running around like pizz ants looking for something. Gotta run down to Walmart for a pack of something…I can’t remember what, but I gotta go.
    People used to make lists, and then pick things up when necessary.
    Now people come up with things, that aren’t even necessities, just for an excuse to go. Gotta go, gotta go, gotta go right now.

    People in general are stupid. God even stated the words thousands of years ago.
    Jer 4:22
    For my people is foolish, they have not known me; they are sottish children, and they have none understanding: they are wise to do evil, but to do good they have no knowledge.
    “sottish” = to play the fool, stupid, wicked.

    Don’t believe it, just look around. People are up to their ears in debt, or don’t have any credit with which they can become indebted.
    However; some how, and some way, they find money for tattoos, piercings, and bling. They find money for expensive i phones/devices of which they have no real need, except to gossip and play games.
    Even the grandmas, and great grandmas, are running around with leg tattoos, and their facebook devices locked in their hands with a death grip. “gotta have me some facebook”, “gotta have me some gossip/drama”.

    Take away their electronics and vehicles that they rip and tear around town with, for no apparent benefit to anyone, and you would see real terror. The day this nation sees the grid collapse, be it from an EMP or sabotage of the computers that control the whole thing, will be the day that most women will go completely bonkers, and you do not want to be in the same neighborhood with one of these crazed be-autches, much less the same house.
    I really enjoy sane women with common sense, and especially with a moral backbone, but a sottish, and ignorant woman….give me plenty of space.

    • socalbeachdude

      Credit card debt today in 2017 is about the same as it was 10 years ago in 2007. What has increased in the way of debt is student loans which are now around $1.4 trillion, corporate debt, and US government debt which has nearly doubled from around $10 trillion to nearly $20 trillion and the only way to deal with the federal debt issue is to significantly cut federal spending and significantly increase federal taxes.

  • Cal

    When the stock market goes the Fed will start printing money akin to the Weimar Republic. Hyperinflation…it will take a day’s wage (if you have a job) to buy a loaf a bread. If you don’t believe me check out Greece and Venezuela, the end times have started. The only way out…call on the name of the Lord and you will be saved.

    • socalbeachdude

      Absolutely false, and the Federal Reserve is one of the most conservative central banks in the world and is in the process of shrinking its balance sheet by 50% over the course of the current year. The value of the US dollar will soar the prices of goods and services will fall substantially.

      • Paul Patriot

        Don’t believe everything you read on the internet.

        • socalbeachdude

          What I stated is in fact what is happening and will happen with the balance sheet of the Federal Reserve over the coming year.

    • chris

      Absolutely true. There is only one way that they will let this go and that is by massive inflation. Socalbeachdude is wrong on this one (and many other things too no doubt).

      • socalbeachdude

        Nope.

        • chris

          To which they will respond with massive money printing/ bailouts/ ludicrous schemes resulting in massive inflation! Wake up for goodness sake! Sound economics was thrown out of the window years ago by these people. They only know one way to go and that is INFLATE.

          • socalbeachdude

            Nope. Not gonna happen at all that way.

        • chris

          Funny no one in the UK, USA, Canada and Australia (and many other countries) have seen any of this deflation in real estate prices which have exceeded the excesses of the 2007/2008 peak! That is where the QE and massive reflationary credit generation has gone and not to productive businesses that actually make useful stuff. No deflationary spiral there matey!

  • socalbeachdude

    The Federal Reserve just said stocks may be overvalued and more often than not it is right

    Traders tend to scoff when a policymaker plays investor, often referencing when then-Federal Reserve Chairman Alan Greenspan made a very early “irrational exuberance” call in December 1996, more than three years before the top of the dot-com bull market.

    That skepticism was voiced again Wednesday when the Fed released its meeting minutes from March which read: “Broad U.S. equity price indexes increased over the intermeeting period, and some measures of valuations, such as price-to-earnings ratios, rose further above historical norms. … Some participants viewed equity prices as quite high relative to standard valuation measures.”

    But traders shouldn’t be so quick to dismiss these comments from Fed officials. History shows when worries about valuation appear in these official minutes, stocks often struggle in the following year.

    http://www.cnbc.com/2017/04/05/the-fed-just-said-stocks-may-be-overvalued-and-more-often-than-not-it-is-right.html

    • olde reb

      If the TBTF banks have a few billion $ (we will not ask how they got them) that they have to get off of their books, where is there a liquid market where they can “invest” them ??

      Right. The stock market–and then the market sky rockets.

  • 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.

    https://www.bloomberg.com/news/articles/2017-04-20/fed-intensifies-balance-sheet-discussions-with-market-players

  • 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.

    http://www.reuters.com/article/us-usa-economy-budget-idUSKBN17E2EV

  • 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.

  • Zlatko Milanovic

    As long as we allow, politically, the wealthiest Americans to continue to ship our jobs overseas, destroy our unions, and import cheap, illegal labor to replace American workers and wages, our country will continue it’s economic death spiral. The people are broke, their wages have been stagnant for 40 years, their pensions have been stolen and they have no money to drive our consumer driven economy. They only people with any money are the very same people who want to perpetuate the rigged economic system we suffer under now.

    • JC Teecher

      Congratulations!!! You have awakened to the results of 100 years of the workings of the Illuminati, in conjunction with liberal politicians and the indoctrinated liberal sheeple that keep putting these clowns back in office.

      It has been an orchestrated chain of events to kill the middle classes of Americans of which this country was built. Don’t forget the slave labor of Blacks,Asians, and Mexicans.
      The Caucasian Fat Cats, in the 16th, 17th and 18th centuries, which came from Great Britain, primarily, saw an opportunity and seized upon it like a pit bull on a steak bone. Free land and cheap cheap labor to begin with, and now it’s manipulations of politicians, banks, and the stock markets.

      The ex reporter and liberal Geraldo Rivera , of which I can’t stand, made a statement yesterday on Faux News, “Thanks to Donald Trump, I have made a fortune in the stock market since he was elected”.

      Well, the rich get richer and the poor stay poor, and the middle class just decline, or inherit a fortune from their parents and grandparents and move into the fat cat club status.
      Unless you have the balls to start a fast food chain, or find a niche business for your area, you are destined to remain in a declining status group, or you just were already poor as dirt.

      Welcome to the economic life in the modern era.

      • socalbeachdude

        That’s simply the natural order of things and the way it has ALWAYS BEEN in economies.

      • Scott Comin

        Caucasians?? Not white european Christian Caucasians. Those pathologically altruistic suicidal good white european Christians? No no no who else could it be???

        • JC Teecher

          Sadly it was they. Ignorance is bliss, and they just took full advantage of the ignorance of the masses, and used people for their own gains.

          Some were not all ill-gotten, as sharecroppers, and some Plantation owners were fair with their indentured servants. Not all owners/masters beat their slaves and brutally maimed and killed them as most historians want to portray.

          On the Christian part, those early self-proclaimed Christians, especially Roman Catholics were not true Christians, but used Christianity as a means to stay in power, and to milk the kitty.
          Kind of like most of the TV Super-preachers and mega Church ministries of today. The faux Christians, with a non-biblical, ear tickling prosperity and escapism doctrine.

          People eat it it up weekly, but it is not a long lasting spiritual completeness, and the leaders know it. That is why the churches are filled every Sunday and some times during the week.
          The sheeples have to have their fix.
          They get all pumped up and feel good for a few days, and then repeat as often as necessary.

          with True Christianity, and Truth teachings via the Word and the Holy Spirit, it is eternal and makes a person whole and complete.
          The more Truth a person hears; not the repetitive salvation and prosperity message, but new teachings, chapter by chapter and verse by verse, each week; the more a person becomes closer to God and their Saviour, and a true fulfillment of peace and safety is always present, with never a doubt about their soul’s eternal existence.

    • LIZ THE SHIZ

      welcome to the Matrix Zlatko, do you want to take the red pill or the blue pill?

      • Unseen

        I want the purple pill.

    • William Lutz

      Yeah, for the past few decades we have been screwed over by the elite. A lot of people need to wake the F up and rethink their plans, because if they continue living as if there is a bright tomorrow, the SHTF scenario will catch them by surprise. The Trumpsters who believe that the POTUS can save the future with a single hand are very mistaken.

      • ALWAYSTOMORROW

        There’s ALWAYSTOMORROW Mr. William Lutz.

      • olde reb

        Bill, are you suggesting Congress can solve the problem ?

        Or is the feminists movement the solution?

        Or the anti-war movement ?

        Or more labor unions ?

        or the Tea Party ?
        or __________?

    • olde reb

      Can you be more specific as to “people who want to perpetuate the rigged economic system we suffer under now.” ??

      • Zlatko Milanovic

        Sure. Just as yourself, “Cui Bono?” Who benefits? Who would benefit from an economy that was rigged, by law, to guarantee profits under any conditions? Who would benefit from a system that guaranteed all the gains were privatized and all the risks were socialized? Heads I win, tails you, the American people, lose, every time? It’s corporations, big businesses and the politicians they buy to write those laws, Congress, of course. That is the “elite” who are writing the laws and trade deals that are cutting the American worker out of their fair share of the prosperity this nation produces. They have rigged the political and economic system to benefit themselves, by avoiding paying good wages and benefits to the American worker and middle class. They do this by sending our jobs and factories overseas, destroying unions, and allowing illegal immigrant labor, as well as legal H1B visa immigrants who they import specifically to replace Americans. And it’s the Congress that allows it, because they get money from these Corporations and wealthy individuals, CEOs, billionaire investors, etc.

  • leeholsen

    as ong as central bamks are still pouring in 200 billion monthly, none of this matters.
    until, at some point the central banks cant play that game anymore.

    • socalbeachdude

      They’re not.

  • seekless

    This is interesting, but still not worth waking up at 5 am to post.

  • seekless

    WE HAVE TO CLEAN UP OBAMA’S MESS NOW.

  • seekless

    Obama was the worst so called president ever,even democrats know this.

    • socalbeachdude

      Actually, that would be FDR.

  • Richard O. Mann

    Welcome to the end of the age. The US and most of Western Europe, all show signs that we are about to be flushed down the toilet of history. It was fun while it lasted.

    • socalbeachdude

      The USA and EU will continue just fine and between the two of them there are over 820 million citizens with around 320 million in the USA and over 500 million in the EU.

      • Paul Patriot

        Not so fast, the population statistic is meaningless and does not address Richards post.

        Define, “continue just fine”

        You may need a refresher on current geo political goings on and how fast things are changing.

        • socalbeachdude

          Life has never been better nor more comfortable for nearly all of the 820 or so million people in Europe and the USA and in France they will be off to a wonderful and very bright future on May 7th when Monsieur Macaroon and his lovely wife Madame Macaroon are elected as the new king and queen of France. Angela Merkel is delighted with that prospect and together they will put the screws to the UK on making it keep its promise to get out of the UK and ensure they pay a very high price in trade access to do so over the coming years!

          EU Throws Down Brexit Gauntlet to Britain as Talks Edge Closer…

          https://www.bloomberg.com/politics/articles/2017-04-29/eu-throws-down-brexit-gauntlet-to-britain-as-talks-edge-closer

          • chris

            Life can look good just before your massive debt fueled consumerist bubble bursts, yes. But that doesn’t mean it’s fine.

  • billtheguy

    The presidency is a novelty for Trump. I voted for him. I don’t think his intention was to win, just to see if he COULD win. A border wall? How Ludacris. He was much better than the alternative with Hillary. There is NO answer to the medical insurance debacle. All my tax dollars go to taking care of overweight people who could work, but are lazy. The only real way to fix the system is to let it collapse and then start over. I’ve worked for over 42 years and still need to work another 5. If you’re not contributing to society, then you are a burden upon it.

    • socalbeachdude

      There are many ways to resolve financial problems in the USA but most everyone needs to learn to cut back on spending as they have been spending far beyond their means and that simply cannot continue.

  • socalbeachdude

    Trump Syria ‘Gas Attack’ Narrative Continues To Unravel

    It is now clear from video evidence that the WHR (White House Intelligence Report) was fabricated without input from the professional intelligence community.

    The press reported on April 4 that a nerve agent attack had occurred in Khan Shaykhun, Syria during the early morning hours locally on that day. On April 7, The United States carried out a cruise missile attack on Syria ordered by President Trump. It now appears that the president ordered this cruise missile attack without any valid intelligence to support it .

    In order to cover up the lack of intelligence to supporting the president’s action, the National Security Council produced a fraudulent intelligence report on April 11 four days later. The individual responsible for this report was Lieutenant General H. R. McMaster, the National Security Advisor. The McMaster report is completely undermined by a significant body of video evidence taken after the alleged sarin attack and before the US cruise missile attack that unambiguously shows the claims in the WHR could not possibly be true.

    https://libertyblitzkrieg.com/2017/04/18/the-trump-administrations-syria-gas-attack-narrative-continues-to-unravel/

    Assad – West Blocks Gas Probe…Would Show ‘False Flag’

    The United States and other Western countries block any attempts to launch an impartial investigation into the alleged use of chemical weapons in Syria, Syrian President Bashar Assad told Sputnik.

    “We formally sent a letter to the United Nations, we asked them in that letter to send a delegation in order to investigate what happened in Khan Shaykhun,” Assad said in an interview.

    “Of course till this moment they didn’t send, because the West and the United States blocked any delegation from coming, because if they come, they will find that all their narratives about what happened in Khan Shaykhun and then the attack on Sha’irat airport was a false flag, was a lie,” Assad stressed.

    https://sputniknews.com/middleeast/201704201052822122-assad-idlib-shairat-lie-false-flag/

  • 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?

    http://www.marketwatch.com/story/how-the-stock-market-destroyed-the-middle-class-2015-04-24?link=MW_popular

  • GSOB

    Revelation 22:14
    Blessed are those who wash their robes, so that they may have the right to the tree of life and may enter the city by its gates

  • GSOB

    The grace of our Lord Jesus Christ has in it all that is good for time and for eternity

    1 Corinthians 16:22

  • socalbeachdude

    QE from the Federal Reserve ended more than 2 and one-half years ago on October 31, 2017 and 100% of the QE funds ALWAYS REMAINED INSIDE THE FEDERAL RESERVE. There never was any “ZIRP” at all for anyone and all interest rates that matter in the US economy have always been keyed off the yields of the US Treasuries markets and never set by the Federal Reserve which only sets 3 interest rates none of which matter at all in the US economy. The Federal Reserve does not buy stocks and is prohibited from doing so by the Federal Reserve Act and has warned repeatedly that stocks in the US are way overpriced.

    • chris

      Do you actually bother to read any posts before posting? I said they will RESUME QE , postpone any further rate rises and stop shrinking their balance sheet! It is no use telling me what they are doing now or supposedly ‘intend’ to do in the future because all that garbage can be thrown out of the window when the economy tanks. For goodness sake why do i bother even trying to put you right? Do you really think they will go ahead with further rate rises this year if the economy crashes? Really??

      • socalbeachdude

        No, the Federal Reserve certainly will not resume QE at all, and 100% of the prior QE funds always remained inside the Federal Reserve. The Federal Reserve will continue SHRINKING THEIR BALANCE SHEET by around 50% this year. And the Federal Reserve will continue raising the only 3 interest rates they set to match the rise in yields in the US Treasury markets where all interest rates that matter in the US economy are keyed from.

  • socalbeachdude

    Absolutely false, and even the ECB is now in the process of curtailing its bond buying of existing bonds. Those dolts over at ZeroBrains are as clueless as they come.

  • socalbeachdude

    That article in no way contracts anything that I stated. Auto sales are running at 16.3 MILLION UNITS A YEAR NOW. Yes, that is down from the expected record high of 17.3 million units a year but is right near RECORD HIGH LEVELS.

    USA Auto Sales, March 2017

    Total vehicle sales rose at a seasonally adjusted annual rate of 16.63 million, according to Autodata. That was short of the forecast for 17.30 million, according to Bloomberg.

    http://www.businessinsider.com/us-auto-sales-march-2017-2017-4

    • J.j. Cintia

      You don’t seem to understand trend lines. All the trends are down but the stock market. The stock market is clearly a bubble. The biggest stocks are Google, Facebook and other web companies that are hugely overvalued and have virtually no revenue outlook. Its all debts and paper value.

      • socalbeachdude

        Yes, commodities and equities (stocks) and real estate are all BUBBLE ASSETS and will be coming down significantly and there is nowhere near enough money to cashier out the nearly $30 trillion valuation of stocks and around $45 trillion valuation of bonds as the current US money supply measured by the broad M2 measure is less than $14 trillion. Tough luck for those that speculated in that overpriced junk.

        The overall USA economy CONTINUES TO GROW and was up nearly 1% in the 1st quarter of 2017 which just closed and the USA is by far the largest single country economy in the world with no other country even coming close.

  • socalbeachdude

    Simply call your local police department if you feel in need of any defense against anything or anyone.

    • Paul Patriot

      Exactly the way your pied piper of propaganda wants you to think.
      Good job faithful sheeple, the propganda is proving very effective.

      Your comments are incorrect, once again. Being trapped in moms basement in a liberal state of commiefornia, shows how your mind has been closed and brainwashed.

      What you say may very well be true, in the liberal , self defense despising state that you live in, but the vast majority of US states actually have laws that allows you to legally use a firearm in self defense.

      I know this is hard for you to comprehend, living in the anti self defense, protectionist state that you do.

      • socalbeachdude

        Huh?

  • socalbeachdude

    Dufus Donnie has already proven himself to be ONE OF THE VERY WORST presidents in the entire history of the USA and he is nothing but a duplicitous and self-aggrandizing JACKASS AND LIAR.

    Parry – Trump Now A Housebroken Neocon Dog

    https://consortiumnews.com/2017/04/25/donald-trumps-failing-presidency/

    Trump’s 100 Days Prove His ‘Maverick’ Image Was FAKE

    https://www.rt.com/usa/386537-trump-100-days-president-promises/

    ‘Buffoonery On Steroids’ – Analyzing Trump’s First 100 Days

    https://sputniknews.com/politics/201704291053128148-analyzing-donald-trump-hundred-days/

    • PocoPete

      No, Trump is a good president, not a jackass.

      • socalbeachdude

        Trump is an AWFUL PRESIDENT and has now become a war criminal.

        • PocoPete

          No, Trump is great president, not awful.

  • socalbeachdude

    Isn’t it really very easy to cut federal spending by $1 trillion a year?

    1) Cut Social Security payments by 20% ($266 billion saved)

    2) Cut allowable Medicare charges by 50% ($425 billion saved)

    3) Eliminate food stamps entirely ($80 billion saved)

    4) Cut military expenditures by 30% ($240 billion saved)

    5) Increase Congressional salaries by 100% for mission accomplished!!!

    WASN’T THAT REALLY SIMPLE AND EASY TO CUT $1 TRILLION A YEAR?

    • John

      Get Real

      • socalbeachdude

        Everything I stated above could very easily be done and we’d get rid of the federal deficit. We have reached a point where the USA simply CANNOT CONTINUE TO BORROW AND SPEND and that is where YOU NEED TO GET REAL.

        • Mark Dial

          You need to also look at all money recoverable due to fraud in just these programs you noted. The second point would be the Trillion a year saved by just having a level means for Federal income tax. But the real humdinger is all the stealing and loss. 9 Trillion missing from Federal Reserve, 8+ Trillion military complex. then again 2+ Trillion military complex, missing gold, Wall street fraud and on and on. Losses due to mindless regulations

          • socalbeachdude

            The Federal Reserve has nothing whatsoever to do with any of those US government expenditures and no money is missing at all from the Federal Reserve. It keeps impeccable full General Ledger books which are fully independently audited each and every year by one of the top 4 accounting firms and you can review those highly detailed 500+ page audited annual financial statements at:

            http://www.federalreserve.gov/publications/annual-report/

            As to the federal government, it would be very hard to tell if any money is “missing” as their accounting records on not done on full General Ledger accounting and are very opaque. There cannot be $8 trillion missing from the Department of Defense as they only get funding of less than $800 billion a year from the US Treasury which includes about $640 million in general funding plus another $80 billion for Veterans benefits for a total of around $720 billion a year.

            There is no “missing gold” at all and the US government owns about 8,200 metric tonnes of gold for which the US Treasury issues monthly reports and the latest monthly report (in which the gold is valued at the official price of $42.42 per ounce) is at:

            http://www.fiscal.treasury.gov/fsreports/rpt/goldRpt/current_report.htm

          • olde reb

            All audits of the FR are done in accordance with guidelines established by the Board of Governors. Only the operational accounts are audited and included in the ANNUAL REPORT TO CONGRESS.

            The client accounts have never been independently audited. The funds from the auction accounts of Treasury securities which are exclusively handled by the FRBNY (Ref. 31 CFR 375.3) have never been audited. The funds from “New Money” securities (deficit sending) are auctioned as an earmarked component of roll-over securities. If the funds from deficit spending went to the government, they would have to purchase securities in the same amount as those auctioned for deficit spending. Such a move would negate any increase in new money (inflation) and would also eliminate any increase in the National Debt. Obviously the money from New Money securities (i.e., deficit spending–about $1 trillion annually) does not go to the government.

            Money from roll-over securities (redeemed maturing securities–about $10 trillion annually) is paid to Primary Dealers for their work in collecting maturing securities.

            Where does the money received from auctioned “New Money” securities go ??

          • socalbeachdude

            What a pile of absolutely false and nonsensical assertions. The fully independent audits of the Federal Reserve are fully comprehensive and highly detailed typically running around 500 pages and fully made public for all to see:

            http://www.federalreserve.gov/publications/annual-report/

            As to the US Treasuries markets, obviously you do not even begin to understand them or the numbers involved and I would suggest you learn about them at:

            http://www.TreasuryDirect.gov

          • olde reb

            Il have several hard copies of various years of the ANNUAL REPORT TO CONGRESS, thank you.

            I have also spend much time researching the TreasuryDirect website and have had numerous telephone conversations with their office.

            I can understand why beneficiaries of the Federal Reserve will do anything to prevent an investigation of the misappropriation of funds involved with the FRBNY’s exclusive (and unaudited) handling of the monies from auctions of Treasury securities.

            Any reader of the ANNUAL REPORT will not find a mention of the related funds, nor is there any audit of the funds available. You will notice the auditor’s transmittal letter in the AR clearly delineate their limited scope.

          • socalbeachdude

            All proceeds from the issuance of new US Treasuries goes directly to the US Treasury with a very small percentage in fees going to the PRIMARY DEALERS who sell those securities for their services. Each year around $7 TRILLION in new US Treasuries are issued with about $6 trillion being issued to replace matured US Treasuries which are paid in full to their owns at maturity and about $1 trillion of new US Treasuries to cover the constantly increasing net new federal government debt.

          • olde reb

            Obviously you wish to ignore the provisions of 31 CFR 375.3 which stipulate that the FRBNY has EXCLUSIVE control of disbursements of the auctions accounts of Treasury securities, and any related actions which they wish to assert.

            If the above described actions are understood, the method of how the (unidentified) owners of the BOG embezzle $3 billion DAILY from the US government using the auction accounts can be understood.

            The actually dollar value of the auctions was calculated from Treasury Direct accounts seven years ago at $8.4 trillion. (They have changed the method of posting to make it more difficult to calculate.) Current value has not been calculated, but it is considerably higher than you suggest.

            Current postings by TD require that security replacements by governmental agencies be added to what they consider auction tabulated values.
            They do that to reduce the exposed value of the auctions.

            A recent statement from the government indicted the current annual increase in New Money exceeded $1.4 trillion.

          • socalbeachdude

            Your assertions are entirely irrelevant and applicable code is totally MISINTERPRETED BY YOU as to its application and meaning. Not a single penny is in any way “embezzled” at all on US Treasury Auctions held by the 20 or so primary US Treasuries dealers. Your “understanding” of that issue is severely defective and there is no evidence whatsoever to back up your ridiculous and false assertions.

          • olde reb

            31 CFR §375.3, Redemption of Treasury securities, reads:

            “As fiscal agent of the United States,
            the Federal Reserve Bank of New York performs various activities necessary to conduct a redemption operation [of Treasury securities] under this part. These activities may include but are not limited to:

            (a) Accepting and reviewing tenders;

            (b) Calculating redemption operations results;

            (c) Issuing notices of redemptions;

            (d) Accepting deliveries of Treasury securities at settlement; and

            (e) Processing the Treasury payment for securities delivered at settlement.”

            AFTER THE ABOVE OPENING PARAGRAPH IDENTIFIES THE FRBNY AS RESPONSIBLE FOR THE ALPHABETIZED ITEMS, YOU WILL NOTICE “BUT NOT LIMITED TO” ?? .

            I welcome any effort on your part to identify any audit of the handling of the approximate $11 trillion that is currently passing through the auction accounts annually which are exclusively handled by the FRBNY as detailed above.

            Specifically, to address the destination of funds from “NEW CASH” receipts which cannot go to the government. (If the funds went to the government, it would negate any increase in the amount of New Cash in circulation (eliminate inflation) and would also eliminate any increase in the National Debt.)

          • socalbeachdude

            So what? What on earth difference does any of that make to anything?

            All REVENUES AND PROFITS are clearly shown on the independently audited annual financial statements of the Federal Reserve which you can clearly read at:

            http://www.federalreserve.gov/publications/annual-report/

            Moreover, are you somehow not aware that each and every year for the past 103+ years, the Federal Reserve REBATES MORE THAN 94% OF ITS PROFITS TO THE US TREASURY?

    • ultraman

      Economically, we are doomed. The politicians cannot even freeze all spending at current levels……no way we get the common sense cuts you outline, no way.

      A war will be instigated to try to “cover up” ( or radically change ) our economic system. Hope I’m wayyy wrong though.

      • socalbeachdude

        Wars cost a lot of money and there is no way for the USA to pay for any further wars.

        • ultraman

          Yes there is……when it’s “war” the politicos just rob from other programs in their nefarious ways, & tell us sheeple it’s necessary for the war effort……the usual historic blah, blah, blah…….

  • socalbeachdude
  • socalbeachdude

    U.S. Steel suffers biggest stock plunge in its 26-year public history – By Tomi Kilgore MarketWatch

    Shares of U.S. Steel Corp. plunged 25% in morning trade Wednesday, putting them on course to suffer the biggest one-day selloff since they went public in April 1991, after the steelmaker reported a surprise quarterly loss.

    The previous biggest one-day drop was 18% on Oct. 15, 2008. The stock, which was by far the biggest percentage decliner listed on the NYSE, was trading at the lowest level seen since Nov. 8, 2016. At one point, the stock had nearly doubled after the election, to a 2 1/2-year high close of $41.26 on Feb. 21, before all the post-election gains were erased. Volume topped the full-day average of 19.0 million shares within 15 minutes after the open.

    The company reported late Tuesday an adjusted loss per share of 83 cents, compared with the FactSet consensus for a profit of 35 cents a share. Revenue of $2.73 billion also missed expectations of $2.95 billion. The stock has now shed 29% year to date, while the S&P 500 has gained 6.7%.

    http://www.marketwatch.com/story/us-steel-suffers-biggest-stock-plunge-in-its-26-year-public-history-2017-04-26?siteid=nbsh

    Where’s the Love?

    iHeartRadio parent warns it may not survive another year

    IHRT -23.64%

    http://www.marketwatch.com/story/iheartradio-parent-warns-it-may-not-survive-another-year-2017-04-21-121035436

  • socalbeachdude

    US first quarter growth weakest in three years as consumer spending falters

    The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses.

    http://www.reuters.com/article/us-usa-economy-idUSKBN17U0EL

  • socalbeachdude

    CREDIT CARD DEBT STARTS IMPLODING BIG TIME…

    “Surprise” surge in card defaults sinks Capital One, Discover

    https://www.bloomberg.com/news/articles/2017-04-26/surprise-surge-in-soured-card-loans-sinks-capital-one-discover

  • socalbeachdude
  • socalbeachdude

    Housing’s echo bubble now exceeds the 2006-07 bubble peak

    http://www.oftwominds.com/blogapr17/echo-bubble4-17.html

  • socalbeachdude

    PANIC BUYING HITS WALL STREET STOCKS…

    Interest rates are again soaring upwards on US Treasuries and commodities prices including all of the metals are plunging along with grains and oil as demand falls and global gluts worsen dramatically.

    But hot money manic speculators – including lots of little moms and pops – have found the TICKET TO RIDE – US stocks! And panic buying of US stocks is now in full swing with the US markets setting all new record highs!

  • socalbeachdude

    TRUMP BRINGS PROFOUND POINTLESS CHAOS TO DC

    TRUMP SAYS HE’S BROUGHT ‘PROFOUND CHANGE’ TO WASHINGTON…

    http://hosted.ap.org/dynamic/stories/U/US_TRUMP?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-04-29-12-12-50

  • William Lutz

    Right now, I actually wish Hitlery was POTUS instead of the Annoying Orange. Why couldn’t you pull it off, Mrs. Clinton? Thanks a lot, James Comey!

    • socalbeachdude

      Bernie Sanders was a DISGUSTING TAX AND SPEND SOCIALIST with no merit whatsoever.

    • liberals are mentally ill

      hillary is a felon
      bill clinton raped women
      liberal men are effeminate pieces of garbage

  • William Lutz

    Trump is like a fire extinguisher that’s allowing the fire to keep spreading at a slower rate. Our POTUS is a joke!

    • socalbeachdude

      I am beginning to wonder why we even bother to have elections in the USA when it doesn’t matter a hoot of a bit as to who we vote for and when the candidates are nothing but total liars.

      • chris

        USA, home of the best democracy money can buy…

    • liberals are mentally ill

      liberals are testicle licking garbage

  • socalbeachdude

    Obola was nothing other than a total lying jackass and total sellout and a disgusting piece of garbage. Unfortunately, so is Dufus Donnie but at least Donnie has some semblance of class to make it a bit more palatable. As to poll numbers, I couldn’t care less and they are TOTALLY IRRELEVANT. The issue is a candidate who will actually do something to get federal spending cut and taxes raised to balance the federal budget. All other matters are TOTALLY IRRELEVANT.

  • socalbeachdude

    Dufus Donnie is certainly not worse than Obola but rather just more of the same DEEP STATE CONTROLLED IDIOCY based on lies and deceit while America goes to hell.

  • socalbeachdude

    Oh, get a life, honey. It is an interesting story and is part of the reason why United Airlines stock is in trouble which is of economic concern. They have more animal deaths from flights than any other airline on record and the question is why? What is up with the CEO of United? What is up with the staff of United? Why the abuse of both passengers and animals on United flights?

  • socalbeachdude

    Yes, that is definitely true and I am one who strongly campaigned for Dufus Donnie and voted for him ad now greatly regrets that waste of time and my vote for him. But, just who do you think should be President of the USA? I wouldn’t have ever even slightly considered voting for that vile evil corrupt witch Hellery so there really were no alternatives at all in the final election, were there?

  • socalbeachdude

    And you alternative for voting for Dufus Donnie was whom?

  • socalbeachdude

    Actually, you are quite correct in that. Hell hath no fury like a scorned supporter!

  • PocoPete

    No, not stubborn. Smart people.

  • PocoPete

    No, not stupid.

  • Jon Jacob

    Wow! The koolaide is more effective than I thought…..disturbing.

  • Paul Patriot

    Again, welcome back ,from your koolaide induced reality, we missed your insulting, nonsensical, anti American, liberal, progressive, pro socialist diatribes.

    The democratic party has consistently been antagonistic towards 2nd amendment rights, nationally and across the board.

    They don’t like the idea of citizens owning those “evil” “assault” rifles, and oooohhhhh those evil “hi cap” magazines, it scares me just to wrote about them!!!! SARC

    Bet you don’t talk this way in front of other liberal progressive dems?

    I grew up in Massachusetts and then Connecticut, and I can say authoritatively, if you are who you say you are, you are a rare one indeed.

    Most liberal democrats long for the day the citizens are disarmed of the firearms that are commensurate with the 2nd Amendment, and usher in the gun free eutopia that their platform has consistently advocates.

    This is true and YOU KNOW IT!!!

    so, don’t try to preach that bullsh#t that leftists are all for the 2nd amendment and a well armed citizenry.

    Its all lies told you by the pied piper of propaganda.
    Not only did I grow up in 2 leftist leaning States, and spent many a summer in commiefornia, so I must have somehow never met any folks that you referance, unless they are closet gun owners, afraid to speak pit in front of fellow leftist, yet admit that a firearm is one heck of a self defense tool

  • JC Teecher

    Know Why the Game is still being played to the tune of 2 bil mthly?

    It is nothing but a Pyramid Scheme, and old fashioned con game.

    The money always funnels upwards through all the ladders until the bulk goes into the pockets of the filthy elite.
    Everyone in on the game, elites with connections that is, take a cut for just being in on the scam, and keep playing along as they are ready at a moments notice to exchange paper into the new coming one world currency, and /or PMs.

  • chris

    Just about the end of the film Enemy of the State (i think) with Gene Hackman and Will Smith the two of them are sitting captive in the surveillance van outside the ‘Mafia’ guys restaurant and Smith has convinced the nasty guy Jon Voight to go inside and get the tape. Hackman turns to Smith and says ‘You’re either a genius or an idiot’ and Smith replies ‘well we’ll see won’t we’. That is where we are with Trump and North Korea. I just have the feeling Trump is not a genius but then again he appears to have fooled anyone who voted for him believing he was going to drain the swamp and that he wasn’t worse than the previous guy, who now appears almost reasonable, in comparison .

  • DJohn1

    50 years ago we had an economy built on Union-based labor. These Unions attempted to deal with the bills from Vietnam.
    Their wage base was given up to 12% raises per year in the 70s.
    They had power and I think they abused it somewhat.
    Our currency meantime has gone down in value.
    In 1968 an ounce of gold equaled $35.
    In 1972, that same ounce sold for over 600.
    Anything coming from overseas was at a premium price.
    Then we signed with the Chinese and corporations laid people off and subcontracted the work when possible to China and India.
    The problem is the loan people.
    They have been loaning actual money to the government in return for interest. The government is runaway spending.
    So who pays it all back?
    The answer is we will have a devaluation of the currency and what is paid back will be at 10% of what it was once worth.
    When and If means these people will lose 90% of the value of the dollars they hold.
    So on 20 trillion dollars they will get 10% of what they paid out.
    And there lies the economic collapse to come.
    10% is better than nothing. Chances are all major banks will close.
    When they re-open I visualize a currency built on red money.
    It will likely be illegal to have money. It will all be done on Private Money holders. It will all be done on a card.
    China owns billions of dollars. What will it be worth?
    The collapse if it occurs will involve every major money holder in and out of the country. To own a consumer goods warehouse supplying local stores will make you very wealthy.
    All contracts will become void.
    All banks will be closed.
    Cash money will be king regarding buying essentials.
    Lord help the Congress that allows this to happen.

    • socalbeachdude

      No, banks are not going to “be closed” at all and the US dollar is doing just fine and has been soaring in value on the DXY over the past 3 years and is now right around 100.

      • chris

        The present in no way tells you what the future is going to be, especially when you look at the underlying fundamentals.

        • socalbeachdude

          Huh?

      • PocoPete

        Laughably false.

  • alexwest

    ##8 Used vehicle prices are falling “dramatically”, and Morgan Stanley is now projecting that used vehicle prices “could crash by up to 50%” over the next several years.

    i wonder does author have even basic understanding macroeconomics AND REAL LIFE ?????? spoiler – NO

    if used cars prices are falling THAT IS GOOD, OS MORE PEOPLE ARE ABLE TO BUY .

    basically whole post is bunch of links complied .

  • Rick Morrow

    And yet, rent and housing prices are at all time highs and taxes have never been higher. What we have is Americans squeezed by foreign competition outside the US, while foreign workers continue to flood the labor market. The only solution for Americans is to sleep in tents in the street like they do in Los Angeles – miles and miles of people living in tents while luxury condominiums grow up in their former neighborhood.

  • dlewenz

    The American economic condition is best described as a
    turtle heading to the east coast via the woods. We will not have any significant
    manufacturing growth no matter what Trump believes, we have a large Un-educated
    work force, 4-5 million tech jobs that can be filled. Based on government handouts
    it is better not to work and be on the government programs. We are about to witness the largest borrowing
    of money at the federal level with the next funding of the government, 1 .3
    trillion dollars to be spent in 5 short months. It is just a matter of time
    before the ship starts to lisp and sink,.

  • socalbeachdude

    Laughably false.

  • socalbeachdude

    Obama’s sex secrets laid bare: How he considered a gay fling, had passionate sex and COCAINE with one white girl, proposed twice to another – and CHEATED on Michelle before they married

    http://www.dailymail.co.uk/news/article-4470040/Obama-s-sex-drugs-past-laid-bare-new-biography.html

  • socalbeachdude

    President Obama considered pursuing a homosexual relationship when he was in college after meeting an openly GAY professor with whom he shared a friendship ‘beyond the classroom’

    President Obama considered pursuing a gay relationship according to a new book. While at Occidental College in LA Obama had a close relationship with an openly gay professor.

    http://www.dailymail.co.uk/news/article-4470550/President-Obama-considered-pursuing-gay-relationship.html

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