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March 2017: The End Of A 100 Year Global Debt Super Cycle Is Way Overdue

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Global Debt Super Cycle - Public DomainFor more than 100 years global debt levels have been rising, and now we are potentially facing the greatest debt crisis in all of human history.  Never before have we seen such a level of debt saturation all over the planet, and pretty much everyone understands that this is going to end very, very badly at some point.  The only real question is when it will happen.  Many believe that the current global debt super cycle began when the Federal Reserve was established in 1913.  Central banks are designed to create debt, and since 1913 the U.S. national debt has gotten more than 6800 times larger.  But of course it is not just the United States that is in this sort of predicament.  At this point more than 99 percent of the population of the entire planet lives in a nation that has a debt-creating central bank, and as a result the whole world is drowning in debt.

When people tell me that things are going to “get better” in 2017 and beyond, I find it difficult not to roll my eyes.  The truth is that the only way we can even continue to maintain our current ridiculously high debt-fueled standard of living is to grow debt at a much faster pace than the economy is growing.  We may be able to do that for a brief period of time, but giant financial bubbles like this always end and we will not be any exception.

Barack Obama and his team understood what was happening, and they were able to keep us out of a horrifying economic depression by stealing more than nine trillion dollars from future generations of Americans and pumping that money into the U.S. economy.  As a result, the federal government is now 20 trillion dollars in debt, and that means that the eventual crash is going to be far, far worse than it would have been if we would have lived within our means all this time.

Corporations and households have been going into absolutely enormous amounts of debt as well.  Corporate debt has approximately doubled since the last financial crisis, and U.S. consumers are now more than 12 trillion dollars in debt.

When you add all forms of debt together, America’s debt to GDP ratio is now about 352 percent.  I think that the following illustration does a pretty good job of showing how absolutely insane that is

If your brother earns $100,000 in annual income and borrowed $10,000 on his credit card, he could consume $110,000 worth of stuff.  In this example, his debt to his personal GDP is just 10%.  But what if he could get more credit year after year and reached a point where his total debt reached $352,000 but his income remained the same.  His personal debt-to-GDP ratio would now be 352%.

If he could borrow at super low interest rates, maybe he could sustain the monthly loan payments. Maybe?  But how much more could he possibly borrow?  What lender would lend him more?  And what if those low rates began to rise?  How much debt can his $100,000 income cover?  Essentially, he has reached the end of his own debt cycle.

The United States is certainly not alone in this regard.  When you look all over the industrialized world, you see similar triple digit debt to GDP figures.

When this current debt super cycle ultimately ends, it is going to create economic pain on a scale that will be unlike anything that we have ever seen before.  The following comes from King World News

That is the inevitable consequence of 100 years of credit expansion from virtually nothing to $250 trillion, plus global unfunded liabilities of roughly $500 trillion, plus derivatives of $1.5 quadrillion. This is a staggering total of $2.25 quadrillion. Therefore, the question is not what could go wrong since it is guaranteed that all these liabilities will implode at some point. And when they do, it will bring misery to the world of a magnitude that no one could ever imagine. It is of course very difficult to forecast the end of a major cycle. As this is unlikely to be a mere 100-year cycle but possibly a 2000-year cycle. It is also impossible to forecast how long the decline will take. Will it be gradual like the Dark Ages, which took 500 years after the fall of the Roman Empire? Or will the fall be much faster this time due to the implosion of the biggest credit bubble in world history? The latter is more likely, especially since the bubble will become a lot bigger before it implodes.

And there are certainly lots of signs that a global slowdown is already beginning.  For example, global trade growth has fallen below 2 percent for only the third time since the year 2000.  On each of the other occasions, we witnessed a horrible recession take place.  For more signs that economic conditions are deteriorating, please see my previous article entitled “Recession 2017? Things Are Happening That Usually Never Happen Unless A New Recession Is Beginning“.

Of course much of the globe is already in the midst of a horrible economic crisis.  Brazil is in the middle of their worst recession ever, and people are literally starving in Venezuela.  A new round of debt problems has erupted in Europe, with Greece, Portugal and Italy being the latest flashpoints.

Just like in 2007, many are mocking the idea that the a major economic downturn is coming to the United States.  They believe that the ridiculously high stock market valuations of today can stick around indefinitely, and they are putting their faith in politicians.

But it won’t be too long before a new economic crisis begins in America and the kind of civil unrest that I portray in “The Beginning Of The End” erupts all across the country.

I just don’t understand why more people cannot see this.  Government debt, corporate debt and consumer debt have all been growing much, much faster than the overall economy.  Can someone please explain to me how that could possibly be sustainable in the long-term?

Someone that I considered to be a mentor but that has since passed away once said that things would seem like they would be getting better for a little while before the next crash comes.

And it turned out that he was precisely correct.  We are in a season of time when economic conditions have appeared to be getting a little bit better in the United States, and this has blinded so many people to the truth of what is about to happen to us.

 
  • Cinderella Man

    I get it..but what can any of us do about it? I mean we did the best we could by electing a man who has business experience instead of a power hungry decrepit old skank. It needs to collapse. Then Trump can blame it on Barry. Problem solved.

    • William Lutz

      He has business experience, but he is useless at running the US government. Obama did double the national debt, but Trump has no choice but to spend even more. He inherited such a mess and he has the audacity to claim that he can turn America around. I have a gut feeling Trump is going to fail miserably, and he should.

      • SnodtBlossom

        Why do you talk with Dirtbag#1 as if he is rational and intelligent?

        • William Lutz

          Because I want to knock some sense into him. He thinks Trump is Mr. Wonderful.

          • SnodtBlossom

            it’s like trying to rationalize w/a drunk.. it’s a lost cause

          • CalebBrewster

            Sorta like how you’re ridiculously low info and really know nothing.

          • GSOB

            Ecclesiastes 10:3

          • SnodtBlossom

            I know everything

    • SnodtBlossom

      Dirtbag#1, get a job and stop putting women down just because you can’t get anyone to have sex w/you for free

      • LIZ THE SHIZ

        don’t you give reward points for entering the SnodtBlossom Hilton and cash back ?

        • SnodtBlossom

          go away Dirtbag#4
          if Dirtbag#3 shows up, we’ve got the Four Dirtbags of the Apocolypse T4DOTA

          • CASTIEL

            Any luck finding the 70 muslims to f#ck your ugly as# ?

          • GSOB

            Ephesians 4:29

          • socalbeachdude

            Clean up your foul disgusting potty mouth.

          • CASTIEL

            A idiot defending another idiot…….Go f#ck yourself boy!!!!

          • socalbeachdude

            What makes you so hateful and nasty?

          • SnodtBlossom

            That’s it.. the Apocalypse is here.. Dirtbag#3 has arrived and all the 4 Dirtbags are here.

      • CalebBrewster

        Said the whore who admitted to having sex w her boss for money.

        • JC Teecher

          And, she had the audacity to call my wife a whore?

          • SnodtBlossom

            But your wife IS a whore

        • K2

          Wait, what? is it true sunny?

          • CalebBrewster

            Yes, about 3-4 months ago.

        • SnodtBlossom

          No, I didn’t MrAssWhipe

          • CalebBrewster

            You most certainly did. So a liar too.

      • GSOB

        1 Corinthians 6:9-10

  • RandPaul

    The talk like this is approaching 10 years…Not going to happen soon. Maybe 7-10 years from now. The printing will continue, the new debt will continue to be issued. Just live your life…enjoy your friends and family. Be as prepared as you can be…and then forget about it.

    • retired22

      Default across the boards & destroy the bankers,..Terrible pain but the only way to survive & start again!

      • socalbeachdude

        What utter nonsense.

        • retired22

          You are just another simple soul who can’t think above a certain level & outside of the box!
          Forget the graphs,charts & all the conventional group think!
          If you can leave all of the brainwashing behind you….You will see that all of the world leveraged debts & derivatives,in the hundreds of trillions of dollars,can never be repaid!
          If it were possible,& it isn’t,it would take 20 or 30 years of the world’s total wealth accumulation to pay these bills off!
          The debts are impossible to pay.

          • sister soldier

            Yes retired22, our government along with all of the global economic connections has many moving parts (financially). Trump may be “good” at capital rich investments such as real estate but his chainsaw approach w/targeted fiscal cuts is too heavy handed for our fragile economy. I for one wish that he would stop campaigning and start working with Congress instead of fighting with the media. All presidents have suffered antagonization and aggrandizing at the mercy of the public/media. For the most part they creatively used it as leverage rather than lather whereas he seems to bath in it by being unable to move past the rhetoric. For America’s sake I hope we wake up before it’s too late.

          • socalbeachdude

            Any efforts to reduce the federal government debt NECESSARILY INVOLVE SHRINKING OUR BLOATED ARTIFICIALLY AND PREPOSTEROUSLY DEBT-FUELED ECONOMY. Helllooooo?

          • sister soldier

            What’s your point please?

          • socalbeachdude

            The US economy MUST SHRINK VERY DRAMATICALLY and that will obviously cause some discomfort for some. Isn’t that totally obviously even to you?

          • sister soldier

            NO it isn’t and no where near simplistic as you loosely portray. That doesn’t even make sense. How do you shrink the economy and spur economic growth at the same time? How do you bring back jobs by cutting jobs?

          • socalbeachdude

            It really is just that easy. There will be no “economic growth” and those sorts of stupid and nonsensical notions are precisely what has cause the huge explosion in debt over the past 40 years. There needs to be HUGE ECONOMIC CONTRACTION to get the huge amounts of bad debt filtered out of the US and global economy.

          • sister soldier

            You must be more inclined at socializing at the beach “dude” because you are no good at economic development. And you are a major blight for the ECB.

          • socalbeachdude

            The stupid days of “economic growth” are OVER and we are headed into major CONTRACTIONS in the US and globally and that is PRECISELY what needs to be done including tens of millions of people being told “YOU’RE FIRED.”

          • JC Teecher

            He always has been, and always will be.
            I have been called the same basically, but that is OK, since I am not here by my own accord.

          • socalbeachdude

            No. The debts are not at all impossible to pay and with 50% to 100% increases in federal taxes and huge cuts in federal spending, the job of repayment will become much easier.

          • retired22

            And that sort of tax increase would start a new civil war!
            You can’t be serious,….are you?

          • socalbeachdude

            Who would fight whom in such an UNCIVIL “war?”

        • Stuey

          or do you mean “udder”……and another upvote for yourself.

    • socalbeachdude

      There is NO “PRINTING” going on in the US.

  • aldownunder

    Trump believes in debt — it’s how he grew his empire
    Remember, the stock market is driven on rumors…not facts. Facts get priced into markets once the rumor has concluded.
    Without more rumors, the stock market could see a correction soon 10-15% who knows.
    If the stock market pulls back It will probably only be temporary The stock market isn’t close to crashing yet. It’s gotta get all the suckers in this time…..then it’s total chaos…..game over…….life as we know it…gone forever, when? who knows but it realistically has to happen sooner or later
    So be prepared,enjoy life while you can,it’s really out of our hands

    • socalbeachdude

      When – not if – the stock market crashes it will be headed down for a very long time as it reverts to its mean and sound fundamental valuations.

      • Stuey

        Another upvote for yourself. Haha, do you realize how stupid that looks? If not for your own votes you wouldn’t get any upvotes.

        • GoinSheep

          I see nothing wrong with it Mr VoteSnob

          • Stuey

            Do you think i care what you think? NOT!

          • SnodtBlossom

            Nobody cares what you think either

          • Stuey

            Is there noise from the gallery?? Go back under your rock you atheist. You a bigger joke on here than even socaldrugheaddude.

          • Stuey

            What is this? i hear noise from the peanut gallery?? I get more likes than you do snotnoseblossom.

      • aldownunder

        Exactly it could be a 60 – 80% crash when it happens
        It’s just a matter of when…..I just think there’s a correction coming (10 -15%) before more record highs to suck everyone in and then….LOOKOUT

        • socalbeachdude

          Indeed!

    • William Lutz

      I told you so, dude. Trump ain’t no debt relief magician and we will have a day of reckoning pretty soon. So we have to step up, get prepared, and enjoy the most out of our lives, regardless of who is in the White House. Good luck!

      • aldownunder

        No Trump ain’t no debt relief magician
        But he is a better option for when the SHTF than Hillary ever would have been
        Now get a job and get outa your mommas basement

        • William Lutz

          First of all, you don’t know me or know where I live. For your info, I actually have a seasonal job and I’ve been searching for more positions. I also make a few extra bucks on the side. In conclusion, I’m 23 years old and you’re not my daddy, so don’t tell me what I need to do. Mind your own business, moron.

          • aldownunder

            No worries C U Next Tuesday
            I noticed you have deleted a lot of your moronic previous posts you must be back on your meds….good for you Snowflake

  • Richard Carney

    “…for when they say, ‘peace and safety’, then sudden destruction shall come and they shall not escape…”

    • sister soldier

      Amen.

    • GSOB

      John 14:27

  • Our Jesus the lord saviour had already told us he will protect from debt.

    Chapter 2, revelation 12.3 He says…

    Come on all ye debtors, I give back what you own back to thee. The hour cometh, the lord payeth.

    I don’t know why people are worried, when we have christ in heaven.

    • socalbeachdude

      Huh? How can you be so clueless?

      • Stuey

        wow, someone else upvoted you besides yourself………..miracles do happen.

    • SnodtBlossom

      There is no god PinoyBoy

      • James Staten

        1 Corinthians 15:1-4

        • SnodtBlossom

          Beatles Lucy in the Skies

          Picture yourself in a boat on a river

          With tangerine trees and marmalade skies.

          Somebody calls you, you answer quite slowly,

          A girl with kaleidoscope eyes.

          Cellophane flowers of yellow and green

          Towering over your head.

          Look for the girl with the sun in her eyes

          And she’s gone.

          Lucy in the sky with diamonds

          Lucy in the sky with diamonds

          Lucy in the sky with diamonds, ah, ah

          Follow her down to a bridge by the fountain

          Where rocking horse people eat marshmallow pies.

          Everyone smiles as you drift past the flowers

          That grow so incredibly high.

    • Jerry C

      Chapter 2, Revelation 12:3?! Are you kidding? Chapter 2 but Revelation 12:3?! You must be jesting.

  • Mark

    Has not anyone realized what God has done and is doing or is everyone just going to continue to view everything through the wisdom of men, intellectual thinking and true biblical misunderstanding? It matters very little what we all see in the natural. YES, trouble is here now and the enemy is fighting like never before , BUT GOD!!! While the world withers away in sin, God is raising up HIs Church, and the gates of hell will NOT prevail against Her, His true Bride. Economies will collapse and millions will die and chaos will continue to escalate, just as the bible said it would but we are not to focus on those things. We are to keep our focus on God. We are to be His Church in these last days to represent the power and love of Christ to the world and we are not to get into any kind of fear. WE are to prepare, the Bride makes herself ready! We are the end-time army of God and we will prevail IF we cling tightly to Jesus Christ and learn to develop intimacy with Him and Him alone. (HIs Church will prevail whether or not we as individuals prepare or not but many Christians who do not prepare will be swallowed up in the darkness). He is our ONLY hope regardless if times are good or times are bad. Wake up people! God cannot fail, love cannot fail, NO NEVER!

    • socalbeachdude

      Huh? What on earth does that have to do with financial issues and government and private debt in economies?

      • Mark

        My point exactly! You my friend do not know what that has to do with financial and government issues. It has everything to do with everything but people keep trying to keep God out of the equation as if He doesn’t matter. God wrote the book on financial and government matters. Wake up people! You cannot continue to do it your own way and expect any kind of difference.

        • carl

          He doesn’t matter because he does not exist.

          • JC Teecher

            For someone that does not think He exists, you sure do talk about Him a lot.

        • socalbeachdude

          Once again, what on earth does that have to do with FINANCIAL ISSUES?

      • Stuey

        wow William Lutz gave you another upvote……are you paying him?

    • jox

      Those are human issues. Nothing to do with God.

    • carl

      Yes he loved people so much he incited mass slaughter in the old testament. If that doesn’t show how much he loves us than I don’t know what will.

  • NARENDRA MODI KING of WORLD

    Logic: the evil vampire does not want to implode the debt bubble, because debt is the mechanism through which the satanic allocates scarce resources to his liking which is against humanity. Implosion of the debt bubble will snatch the exclusive privileges of allocating scarce resources away from the vampire and into humanities hands

    • aldownunder

      Huh?

      • NARENDRA MODI KING of WORLD

        In other words if debt is the chain the imprisons humanity, then breaking of the chain (debt bubble) frees humanity: logic. Duh!

        • socalbeachdude

          Not only false, but and extremely stupid assertion.

          • NARENDRA MODI KING of WORLD

            Ok, keep burying yourself in debt then.

          • socalbeachdude

            I have no debt. The governments in the US, unfortunately have massive amounts of debt and so do nearly all of the citizens and other entities in the US and around the world. DEBT IS A HUGE PROBLEM and the key is to start reducing debt dramatically around the world, but that will CAUSE A MAJOR CONTRACTION OF ECONOMIES in the US and globally.

          • Stuey

            Stop using bold print and stop upvoting yourself.

          • GSOB

            There is your sin debt to address.

          • socalbeachdude

            Huh? What sin? And what do such topics have to do with financial matters?

          • LIZ THE SHIZ

            that’s because you overcharge the buying public for potato chips and Oreos

          • ALWAYSTOMORROW

            Here is a statement that is not false or extremely stupid: You are more annoying than I am.

          • john folger

            Never do today that you can put off till tomorrow.

          • Stuey

            So true, never seen someone upvote themselves so much. I guess he doesn’t realize how stupid that makes him look. An upvote to yourself doesn’t count, haha.

          • SnodtBlossom

            AT, you TrumpTraitor, I’ve left you for an older more energetic poster.. socal, my new hero

          • LIZ THE SHIZ

            time for your Prozac and Zanex , you need to take your meds to avoid confusion about your troll profile

          • SnodtBlossom

            MedFree here Old Dirtbag

          • CASTIEL

            Lol…….eheheheh

          • LIZ THE SHIZ

            and you are a master of cut/copy/paste , that’s originality for you

        • John

          I understand and agree with you.
          You are speaking metaphorically and will only be understood by a few.
          Some of us get it.
          The rest are not waking up fast enough to see what is coming.
          Like the film I watched last night on Netflix about the 2004 Tsunami.
          Cheers.

        • LIZ THE SHIZ

          today’s special, free beef jerky with every giant sized slurpee and please play the power ball, thank you come again to the
          NARENDRA MODI 7-11

        • socalbeachdude

          How so on either assertion?

    • socalbeachdude

      What utter nonsense.

  • La La land

    Never ever seen sooooo many fools on one web page.

    • aldownunder

      Didn’t you just win an Oscar?
      Oh no that’s right…..wrong movie

    • Mike Smithy

      Go back to your cartoons, the adults here are trying to have a thoughtful discussion.

      • SnodtBlossom

        Dirtbag#2 speaks

  • Paul Anders

    The debt limit will be raised
    The printing presses will continue to print
    The interest rates will not rise significantly
    The players are all on the same page
    Get on with your lives…

    • socalbeachdude

      Interest rates will RISE DRAMATICALLY as the risk of default is properly priced into interest rates.

      • K2

        Interest rates rise and fall and rise and fall and rise and fall….all the time.

        • socalbeachdude

          Interest rates have been rising dramatically since June in the US Treasuries markets which are the largest bond markets in the world and that has severely deleterious consequences as to how much interest the US government has to pay on its massive $20 trillion debt.

          Interest Rates Soar as Yields Rise on US Treasuries

          BREAKING: US Treasury yields rise after hawkish comments from NY Fed’s Dudley

          http://www.cnbc.com/2017/02/28/us-treasurys-mixed-as-investors-await-trumps-speech-to-congress.html

          • K2

            And then they will fall again in the future.

          • socalbeachdude

            Not any time soon as huge ROARING DEFAULTS are priced into interest rates!

    • Mike Smithy

      Yes, they will continue to print until they can’t.

      • socalbeachdude

        False. The US government DOES NOT and CANNOT PRINT MONEY for any purpose.

        • GSOB

          They authorize it.

          • socalbeachdude

            Where on earth do you come up with that totally bogus notion?

          • GSOB

            Yes that’s true, beach head.
            The U.S. dollar is issued and loaned to the United States government by the Federal Reserve.

            And not only must the dollars be paid back to the Reserve, they must be paid back with interest.

            No gold standard.
            The dollar has become a floating currency and the rest of the world’s currencies as well.

          • socalbeachdude

            You just don’ get it at all, do you? Dollars are NOT PAID BACK TO THE FEDERAL RESERVE after being issued. They are used and spent in the US economy. The Federal Reserve doesn’t loan money at interest for general use but only for purposes of bank LIQUIDITY and very little of that is done these days under either the Federal Funds Rate or Federal Discount Rate.

            The Federal Reserve is the single largest revenue source for the US government as it rebates 94% of its annual profits to the US Treasury and its taxpayers each year.

            That now amounts to nearly $100 billion of revenue each year for the US government making its $2.5 trillion of holdings in US Treasuries TOTALLY INTEREST FREE. The Federal Reserve does not cost the US Treasury or its taxpayers a single penny to operate.

    • K2

      Exactly.

      People said the same thing they are saying now….that the bubble will burst even when debt was 5 trillion…more than a decade back.

  • socalbeachdude

    The current US government debt of $20 trillion is only about 107% of US GDP of around $18 trillion and that is less than half the percentage of the government debt of Japan which is around 250% of Japanese GDP.

    • Stuey

      Yeah, so, what is your point? That the USA is in great shape?

      • Rick

        Unfortunately, he rarely has one.

        • socalbeachdude

          That would be YOU particularly with your comment near the top of this section!

      • socalbeachdude

        The point is that – based on the Japanese financial example – the US government debt could more than DOUBLE to around $40 trillion and there wouldn’t be any adverse financial repercussions to speak of at all.

        • Stuey

          Oh ok, so your point is we shouldn’t even worry about the debt at this time. Sounds like you on drugs again.

          • socalbeachdude

            How does that stupid assertion in any way match what I have clearly stated above? Can’t you even begin to think clearly?

          • Stuey

            Yeah, trying to put your logic together is very difficult, you shift from one side to the other constantly.

        • Max Powers

          Why did Donald Trump say out of his own mouth that $24 Trillion is the point of no return?

          • socalbeachdude

            Great question! The answer all depends on where yields (interest rates) go in the US Treasuries markets and the “point of no return” could be well prior to $24 trillion if yields head to an average of 10% or so which would put interest payments on the federal government debt around $2 trillion a year!

  • socalbeachdude

    Interest Expense on Federal Debt Outstanding

    In just the first 4 months of Fiscal 2017 the interest paid on the US government federal debt is now more than $162 billion and there are 8 months left in this fiscal year which ends on September 30, 2017.

    For Fiscal 2016, the US government paid out more than $432 billion in interest on its federal debt which neared $20 trillion.

    https://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

    • Stuey

      Who cares?? You already said the debt could double with no concerns.

      • socalbeachdude

        Obviously the US taxpayers will care a whole lot as money dries up for any other spending!

  • socalbeachdude

    The US Federal Debt to the Penny and Who Holds It

    US government federal debt has now reached $19,930,147,891,686.70 and to see that debt and its split between Debt Held by the Public vs. Intragovernmental Holdings see:

    https://www.treasurydirect.gov/govt/reports/pd/pd_debttothepenny.htm

    • Guest

      And there are many multiples of that figure in unfunded liabilities.

      • socalbeachdude

        Yes, indeed there are.

  • Bill

    No one wants to see the light (truth) that will blind them…

    • GSOB

      John 3:20

  • socalbeachdude

    The economic problems in Asia and Europe are far greater and unraveling far faster than those in the United States.

    France exiting the euro would be the largest sovereign default in history with serious contagion effects

    A few days ago, David Rachline of the far-right National Front party in France said that “the debt of France is about 2 trillion euros ($2.1 trillion), about 1.7 (trillion euros) are issued under French law, which means that it can be re-denominated.”

    The economic program of the National Front specifically calls for the exit of the euro and the creation of a new currency, the French franc, which would be “closely” linked to the euro while allowing the government to undertake “competitive devaluations” making the transition in an “orderly way”.

    There is only one problem. It does not work. There is no “orderly exit” from the euro. It is an oxymoron.

    This would be the largest credit event in history and would create a massive contagion effect throughout the euro zone. The euro, obviously, would suffer from the break-up risk, so the fallacy of the “closely linked” second currency is simply a joke. Both would collapse in tandem.

    http://www.cnbc.com/2017/02/22/france-exiting-the-euro-would-be-the-largest-default-in-history-with-serious-contagion-effects.html

  • socalbeachdude

    Eurozone debt crisis 2.0: French election and Greece ‘toxic cocktail’ sparks market fears

    The Eurozone faces a toxic cocktail of risks that could create a second debt crisis and send the bloc into a meltdown worse than 2012, fear investors.

    http://www.express.co.uk/finance/city/766745/Eurozone-debt-crisis-French-elections-Greece-IMF-markets

  • socalbeachdude

    No debt relief for Greece, Germany’s deputy finance minister says

    http://mobile.reuters.com/article/ousivMolt/idUSKBN1650AX

  • socalbeachdude

    Greece’s huge debt crisis ‘will lead to Grexit’: Investors pull out their money after finance chiefs warn the country may be forced out of the EU

    German minister Wolfgang Schaeuble has warned that Greece will be forced out of the Eurozone if it fails to address its ailing finances after a report on the country’s ‘explosive economy’.

    http://www.dailymail.co.uk/news/article-4210210/Greece-s-huge-debt-crisis-lead-Grexit.html

  • socalbeachdude
  • socalbeachdude

    EPICENTER OF GLOBAL FINANCIAL COLLAPSE IS CHINA

    China’s currency is set to tumble — and it’s not even Trump’s fault

    Jitters over China’s currency, which haunted markets in early 2016, are back — and it’s not just because of Donald Trump.

    The yuan will decline in 2017 for a fourth straight year as authorities tap into the central bank’s $2.998 trillion of foreign reserves to recapitalize an ailing banking system, according to a top expert on the country’s economy.

    Using the reserves to address banks’ troubled loans would leave less firepower for the central bank to intervene in currency markets and prevent a steeper slide in the yuan, said Diana Choyleva, chief economist at Enodo Economics in London, who has been covering China for 16 years and wrote a book on the country in 2011.

    Such a depreciation would likely rattle global markets: In early 2016, investor anxiety about a possible yuan devaluation sent the Standard & Poor’s 500 Index down 5.1% in a single month. Since mid-2014, China has burned through almost $1 trillion of its reserves to keep the currency from falling faster. Last month, they fell below the psychologically important threshold of $3 trillion for the first time in almost five years.

    “The big difference between 2017 and 2016 is that there’ll be a lot more policy action and as a result a lot more volatility, affecting not only China’s own markets but having a global impact,” Choyleva said in an interview. “The worry about China debt will come back in force, and that is just likely to raise risk aversion.”

    http://finance.yahoo.com/news/chinas-currency-set-tumble-not-144400075.html

    • K2

      People have been predicting china’s collapse since 1985.

      • socalbeachdude

        And now that collapse is happening in spades.

        • K2

          No it isnt.

          • socalbeachdude

            An ongoing collapse most certainly is happening now in a huge way in China, the US, and globally.

          • K2

            Nope. A ‘slow’ slowdown is what is happening (again the global economy might also pick up who knows), but a collapse isnt.

            ‘Collapse’ means a sudden harmful drop in global economic activity, like what happened in 08.

          • socalbeachdude

            China’s stock market rapidly collapsed more than 50% from its 2007 high not only once but twice and its debt bubble is totally imploding now in China with more than $1 trillion (25%) flight of its capital reserves over the past year.

    • dlewenz

      My Money is that China kicks off the default, The real numbers of debt in China are not fictional, but under estimated by 30-40% As China central bank has been playing with shell pea game for years.

  • socalbeachdude

    China’s debt could cause economic disaster ‘worse than 2008’ – Express

    CHINA’S mounting debts are a huge cause for concern and could blow up into a financial crisis worse than 2008, experts have warned.

    The colossal country has seen its GDP to debt ratio soar to eye-watering levels, from 148 per cent at the end of 2007 to around 277 per cent at the end of 2016.

    Fears over China’s slowing economy triggered a huge stock market crash in 2015 and again at the start of last year.

    However, policymakers managed to ease fears with actions to prop up markets and the economy.

    At the end of last year, the Asian economy was growing by a bumper 6.8 per cent.

    But the expansion is being fuelled by spiralling debts.

    And its feared the economy could start to slowdown in the coming months, as actions by officials begins to fade.

    http://www.express.co.uk/finance/city/765847/financial-crash-China-debt-bubble-economic-disaster-2008

    • MyNameIsJason!

      I think if the Orville dam bursts and destroys thousands of homes and property and insurance companies go bankrupt and the federal government has to start bailing out and dishing out more money they don’t have that could collapse the economy. Not to mention the farmland and rice fields that will be destroyed and could cause famine since California is seen as a breadbasket to areas of the world not to mention the USA.

      • socalbeachdude

        Flood insurance is not provided by any dwelling or homeowner insurance company and a burst of the Oroville Dam would have no affect at all on those insurance companies. Most all commercial property policies also exclude any coverage for flood and the only party that would be adversely affect would be the NFIP (National Flood Insurance Program) which has been an entity of the federal government since 1968 and which would only pay out to those who bought specific flood insurance policies.

        As to agriculture here in California, it only accounts for about 1.5% of the California economy and we have been working hard to get rid of it entirely for many decades. ALL AGRICULTURE SHOULD BE BANNED here in California as it is a terrible waste of valuable land and water, and there is nothing that is grown here that can’t easily be grown in Mexico or Chile and then imported.

        • keelah

          Flood, and similar adverse events, insurance is most certainly provided in New Zealand. And Awstryleeyuh!

  • Country Codger

    In August 2017 we will see both a solar eclipse (Aug. 21st) and a lunar
    eclipse (Aug. 7th). As many of you know I do watch cycles and this will
    put us into a Super-cycle between July 27th and October 2nd, and as I
    always say plus or minus 2 days. Here is a link to follow: https://codgerville.wordpress.com/2016/09/07/are-war-and-slavery-coming-to-america/

    I will have another article posted ASAP.
    CC

    • K2

      This comment of your reminds me of shemitah. Remember how shemitah was supposed to end the world in 2015.

      • Country Codger

        Hi K2,
        Absolutely not. Do you see me saying anything about the world ending? I mentioned a super cycle. Do you know what a super cycle is? If not please do a little research. Also, you will see that I wrote articles against the idea of the shemitah. I have challenged Bo Polny, Jeff Berwick and Jonathon Cahn but they do not want to lay their cards on the table.

        Research super cycles and then come back and we can talk.

        Shalom,
        CC

        • K2

          Why do i have to research super cycles?

          • Country Codger

            No reason. Continue making baseless comments and then go back to sleep.
            CC

    • JC Teecher

      I am with you, as we are told to look for signs in the sun and moon.
      Not necessarily signs of a total collapse, end of the world scenario like the ignorant like to point to when it seems nothing has happened, but; for changes that point to more layers of birth pangs of the re-birth of a new age, a new Kingdom to come.

      This period coming about in August/Sept/ Oct. ends a 50 year Jubilee cycle. Pretty awesome, since most people only live long enough to see, and witness one Jubilee in their lifetime. This is my first, and will definitely be my last…in the flesh.

      Something big has already transpired in regards to the houses of Israel and House of Judah, predominately as the Nation of Israel, Great Britain (brexit) and America, (with the potus election), and their distancing from the NWO.

      Something else big may come in the order of a financial/economic collapse in North America. England has already seen a deep decline of it’s sovereignty due to refugee immigration of Islamic peoples that have set up Sharia zones of populations, that do not abide by England’s laws. It is happening to some extent in the nation of Israel, by the Islamic peoples there that call themselves Palestinians.

      It is in the process here in America, even North America, as the Muslim Brotherhood has been infiltrating society and gov, with it’s plants, for decades.

      God is against it!
      People need to wake up now, before it is too late, and the liberals with their pc, antichristian, anti -God ideology, ruins the very fabric of any semblance of what America used to look like.

      • carl

        There’s power in the blood in the blood in the blood. Power in the blood yes there is. Great song for a child’s bible study.

    • socalbeachdude

      So? What does that have to do with financial issues?

      • Spatial Memory

        Millionaires chart markets. Billionaires chart planets.

        • socalbeachdude

          That just shows how incredibly stupid and clueless billionaires are!

      • Country Codger
        • socalbeachdude

          So, absolutely NOTHING to do with any financial issues, just as I surmised.

          • Country Codger

            Hello SBD,
            Please research and you will see that 6 of the 7 worst financial collapses in US history occurred during a super-cycle. That is why I said, “Go back to sleep.”
            CC

  • Spatial Memory

    “….Barack Obama and his team understood what was happening, and they were able to keep us out of a horrifying economic depression by stealing….”

    WOWOWOW….

    After markers clearly reject the writers guesswork for years and decimated speculators that didn’t recognize uneducated unfounded hunches and guesses, now rather than acknowledge GREAT work by the administration and central bankers -suggest such an outrageous unfounded final conclusion of law exists… Beyond despicable. Jmho

    • socalbeachdude

      Laughably false. Barry was a MASSIVE DISASTER in the White House and was responsible for NEARLY DOUBLING THE FEDERAL DEBT from around $10 trillion to now just barely under $20 trillion and GDP never increased by even 3% a year during those horrible 8 years of massive decline in the US.

  • zippy72

    Your source on Portugal ignores that the deficit is the lowest in 40 years (basically since the end of the fascist dictatorship), Portugal made its IMF repayment early and has the fastest growing economy in Europe other than Bulgaria.

    • socalbeachdude

      Portugal is part of the collapsing PIIGS (Portugal, Italy, Ireland, Greece, and Spain) in Europe and has some of the highest debt as a percentage of GDP in the EU, not to mention among the worst bad debt and hideous corruption problems with its banks.

      No end in sight for Europe’s banking troubles

      http://www.cnbc.com/2017/01/06/no-end-in-sight-for-europes-banking-troubles.html

      • CASTIEL

        A person who calls that to the south group of countries in EU must be a very stupid one…..The pigs are the ones who controls the entire system….mor#n…You can use those fancy words, and make use of copy n paste of info to make you look like Einstein….but in the end you just reveal yourself……..

        • socalbeachdude

          With one out of five loans not performing, Portugal’s banking system isn’t far from collapsing.

          https://www.goldbroker.com/news/new-warning-european-banks-bad-loans-1081

          • CASTIEL

            Thats not the right answer to what i said……….Isnt far, like the otheres are……if a single banking system falls in Europe..all burns……Domino effect….And stop upvote yourself all the time, do you realize how stupid that makes you?

          • socalbeachdude

            Huh?

          • CASTIEL

            You F#cking retard!!!!!!

          • socalbeachdude

            Thank you for describing YOURSELF so very perfectly. The Cypriot and Greek banking systems have already FAILED but that does not affect Germany at all which is the only country that really matters a hoot in Europe.

          • CASTIEL

            No, you m#ron, that was a response for you, so in that case i did not descrybe myself…..you imbecile!!!!! Really? Ga dammit!!!! Are you that dumb? Does not affect Germany?????? Do you know What UE or the single coin EURO means ?????? Think a little more!!!!!!

          • socalbeachdude

            When all of Europe becomes properly governed colonies of Deutschland all of those tiny little minor problems will vanish and Europe will become great again!

            No debt relief for Greece, Germany’s deputy finance minister says

            http://mobile.reuters.com/article/ousivMolt/idUSKBN1650AX

          • CASTIEL

            Properly?? By who??? After the invasion from Africa I dont see a EU unified in the future…..Its never all about money.

          • socalbeachdude

            Let’s make Europe great again!™

          • GSOB

            And you say you believe in who?

          • GSOB

            Colossians 3:8

  • Mark Stevenson

    Not China , not Japan, not USA, the trigger will be in Germany with the collapse of Deustche bank as a result of E,U collapse.David Wilkerson will be remembered for the warning he gave some 40 years ago.

    • socalbeachdude

      Laughably false. Duetsche Bank is Germany largest bank and is very well run these days and cleaning up a few problems which occurred in the past. The massive collapse of banking and finances is already happening now in CHINA where the PBOC (People’s Bank of China) expanded the money and credit supply from $3 trillion 10 years ago to over $34 trillion today and which is now collapsing into a heap of unrepayable debt debacles which will be the largest collapse ever seen.

  • anonymous

    Using a picture of the “globe” earth? I thought you were more informed than that. Don’t you know the earth is flat?

  • LIZ THE SHIZ

    all is forgiven , global reset and start all over again for another 100 years

    • SnodtBlossom

      arschloch arschloch arschloch

    • socalbeachdude

      Nope. Not gonna happen at all that way.

      • MyNameIsJason!

        Economic collapse + WW3 = NWO

  • JC Teecher

    Yes Michael, there is a reason we are in this mess and why it will not end well.

    I know you, as a past attorney, like to use facts, figures, and precedents as a basis for predictions of outcomes. That does work out pretty good usually, but his time around, we see a global ignorance of those economic and financial facts, that, in any other scenario would certainly cause people to flee away from investing their hard earned dollars in markets. It seems like an oxymoron of such, investing in “securities”, as actually investing in “insecurities”.

    There isn’t much security in locking in pensions, retirements, and plain ole cash savings, in the market in this environment. However; there are ways to play, that has less risks than betting long, but I will not divulge my secrets today.

    What I see ahead, is a coming catalyst, that starts the big domino effect.
    It may not happen until the Donald gets out of office, if the purse strings can be loosened enough to pile on more debt, to keep paying up on the vicious cycle, known as borrowing from Peter, to pay Paul.

    The evil shadow/underworld gov has a plan to escape from the usual and most visible results of Americans, more specifically the “elite” Americans, and their personal holdings, being held as chattel, by foreign buyers/holders of our National debt.
    It involves something so disturbing, that I even dis-like speaking about it, but some part of it is biblical.

    It is as simple as the killing off of a third of the earth’s population, over a very short period of time. More specifically the killing off of mostly eastern and middle eastern peoples to the tune of 2.3 billion. If such a catastrophic event, or events should take place, the world debt problem will not be seen as important anymore.

    Time will tell, and I’m not making a prediction, but just saying it is a possibility, because of the way evil people think, and control situations.

  • Rgb Rides

    Sorry if you missed the memo, interest…? fake, illegal,
    moneychangers have you by the balls .. kick them out of the temple again, IF you can. May have to eliminate them and their descendants.. AGAIN!
    it won’t be pretty.

    • socalbeachdude

      What utter nonsense.

    • carl

      I wonder how christians who work in the banking industry get around that whole not having usury bit that all debt is built upon.

      • socalbeachdude

        Usury is the OVERCHARGING of interest,m and the fact of the mater now is that all interest rates except credit cards ARE AT NEAR RECORD LOW LEVELS. All money has TIME VALUE and the charge for that time value – obviously – is interest.

        • carl

          When you get a mortgage and they take the interest up front that is a form of usury.

          So what if interest rates are really low. The banks still get their money by doing this.

          • socalbeachdude

            On a typical 30 year mortgage the amount of the monthly payment that comprises interest is obviously much higher at the start of the mortgage than at the end when the principal balances diminishes towards nothing and being paid off, but that is certainly does not support your assertion that “they take the interest up front” and that such is a “form of usury.”

    • K2

      They are saints compared to others. What did others do….Plunder other civilisations (you forgot the colonial era?)

  • DJohn1

    Money represents the ability to buy things.
    IF you buy your groceries every week, they either go up in price or they go down in price as represented by the money in your possession.
    Similarly we normally write out out bills per month and that represents money and its value to us as people. Mostly either on welfare or working people.
    IF several years ago you budget 40 dollars to buy gasoline for whatever vehicle you lease, rent, buy, or own outright then right now that gasoline is possibly $10 less than what it was then. Current prices rising and falling.
    This is not fancy economic theory. This is the economics of the average person in the United States and it applies to every day people.
    The biggest change is our expense of health care. Whether it be an enormous increase in prescription prices or the daily cost of doctoring we all run into.
    The basic problem is that it all absorbs net income to the point where there is not enough money to be able to spend anything on something else without going into credit card debt.
    And this is why retailers are going broke at a record rate.
    The only way around this is to reverse the mistakes of the past and do away with Obamacare period.
    That still leaves us with a huge credit card bill for the average person just to survive.
    I am not a fancy economics professor. I am an average person and what effects me compounds dramatically throughout the entire normal average population of the United States. I am not anything special.
    I am fairly average. And that is why it is important to pay attention to average people.
    What has happened over the last 20 years is a very bad thing in that the normal mechanisms against inflation do not work.
    Before you had professional unions that increased wages by approximately 4.5% average per year. Along with that you had homes increasing in value.
    Between Ronald Reagan and the Democratic Party most of the financial foundations of the average person are gone. Things go up in price but wages are frozen at their present levels.
    The result will be a complete collapse of the dollar if it is not changed by this President and this majority party in the Congress.
    I have little faith that either is capable of changing things at this point in time.
    First they have to know what needs to be changed to make it better.
    None of them appear to be able to do that. Republicans are terrible procrastinators and cowards when it comes to change.
    That is obvious by the remarks about revising Obamacare instead of eliminating it.

    • socalbeachdude

      So? What does that have to do with government debt?

  • DJohn1

    There are short term fixes and there are long term fixes.
    So what has to happen in the short term?
    Short term the average person has to have extra money to either pay off their credit cards or to buy things, probably a little of both. This will keep retail going temporarily in the short term.
    To do that we have to go further in debt.
    I suggest a one time solution of reducing everyone’s income tax burden so that we only pay 10% of our gross income to the federal government or less. That has to be retroactive to January 1, 2016, so that everyone has a return coming to them including the major retailers.
    We have to balance the budget of the government bureaus and everything else within five years. That means basically quit going to war with anyone for any reason during that time.
    It means quit buying expensive weapons for the military.
    Our defense has to be logistically competent and it is not so right now.
    We have to curb expensive items out of our budget in order to survive.
    I say do away with overseas military bases unless someone else pays for them.
    Do away with Obamacare. It is too expensive for the average working citizen to keep up.
    Revise the way we pay taxes. That means do away with the income tax all together and replace it with an outgoing tax instead.
    Put in the line item veto. So any future spending is not protected by holding up what needs to be done by doing a me too.
    Our government policy abroad has to change as well. We need to go to a MYOB policy where we do not try to change anyone. MYOB simply stands for Mind Your Own Business not everyone elses.
    There is a whole lot more that needs to be done. It is far too complicated for this simple message. Lots of luck with any of this, Donald!

    • socalbeachdude

      What we need are several years of everybody paying 100% of their incomes in taxes in order to even make the slightest bit of a dent in the massive federal debt.

  • Yes indeed so, Feb 23, 2017 Central Asian country’s central bank calls for all its citizens to buy and own at least 100 grams of gold

    In a move that is completely opposite to the way Western governments and central banks see the monetary power of gold, the central bank for the nation of Kyrgyzstan on Feb. 15 called for every one of their citizens to work towards buying and owning at least 100 grams of gold.

    http://www.thedailyeconomist.com/2017/02/central-asian-countrys-central-bank.html

    • JC Teecher

      They may buy and hold PM’s, but in all reality, there will come a day that the gold and silver will not purchase anything; especially food.

      In the short term, for Americans, some PMs may buy some time, but only until there is no way to redeem it for payment to the NWO gov.

      Will America be spared?????
      Not if the liberals have their way, and gain back full control of all three branches of gov, to take us into the days of the Black Plague.

    • socalbeachdude

      Kyrgyzstand is a very stupid tiny little clueless country.

  • Rick

    I think many more people understand than you give us credit for. It’s just a situation where we didn’t ask for it, have anything to do with it, and have no viable way out of it. So why worry about it? It will be what it will be. I ask you, what are we supposed to do about it?
    Maybe President Trump can pass a law to keep spending at greater rates for the next hundred years? If Barry stole from the next couple of generations, maybe Donald can do him one better. If there’s a law against bubbles bursting, then by law they cannot burst! Problem solved.

    • JC Teecher

      Most likely, the only escape from the impending doom of financial collapse, comes from within each adult person.

      It is called facing of realities, and making changes, moves, and plans that correspond.

      I personally believe, as a nation, we have passed the point of no return, and the reprieve to the tune of a short window of opportunity, to get one’s personal house in order, is upon us….now!

      yes we can pray and hope things will turn around as a nation, but the reality of changing the hearts and minds of the masses, can only be caused by the One Creator, and he ain’t allah.

      • carl

        Why did isrealite women have to give a burnt offering and sin offering after giving birth? Leviticus 12:6-8. It seems like god really enjoys blood and the murder of living things.

        Answer: because a holy god need blood to feed off of. It is where it gets its strength from. Kinda of like wheaties but a whole lot messier.

        • JC Teecher

          You are an idiot, and mockery will get you nowhere.

    • socalbeachdude

      The American people had EVERYTHING TO DO with the vast increase in government debt and not only asked for it but ADAMANTLY DEMANDED THAT or else they would not vote for politicians which is precisely why we have the DEBT DISASTER we now have today.

      • Rick

        Socialbeach, I know you desperately want to be relevant here, but you just can’t be so. Especially with your cut & paste world of replies you live in. Most people, the majority did not vote for a dictatorial form of government that Obama implemented with no checks and balances. No, we abhorred that. So subsequently we elected fairly and squarely one who was called by God, President Donald Trump! Period. You can leave now, you are not relevant!

        • socalbeachdude

          Are you seriously so blind and so deluded that you do not comprehend the economic facts in the US and globally even when they are presented as clearly as day to you and for all to see?

          Obama was a horrible President but certainly did not “implement” any form of government at all and was mostly absent as a President.

          As to Donald Trump, I supported him quite enthusiastically, but he has proven himself to be a TOTAL SELLOUT at this stage and doesn’t stand for much of anything at all in the way of principle and certainly was not “called by God” which is an absurdly laughably notion.

      • Rick

        Oh, it’s really nice that every time I see your comments I see one up vote. Gee, I wonder whose vote that is?

  • socalbeachdude

    Interest Rates Soar as Yields Rise on US Treasuries

    BREAKING: US Treasury yields rise after hawkish comments from NY Fed’s Dudley

    http://www.cnbc.com/2017/02/28/us-treasurys-mixed-as-investors-await-trumps-speech-to-congress.html

  • socalbeachdude

    New warning on European banks

    The European Banking Authority (EBA) just called for urgent action to be taken in regards to European banks’ bad loans. Because Italy is not the only country having to grapple with this problem: EBA’s chairman, Andrea Enria, is worried that ten European countries have more than 10% in non-performing loans (NPLs), which shows the extreme fragility of their banking system. Those NPLs are loans for which the payments are late for 90 days or more. Here are the NPL ratios of the banks of those ten countries (source: EBA’S Risk Dashboard, pp. 10 and 27):

    Greece 47.1%

    Cyprus 46.7%

    Portugal 19.8%

    Italy 16.4%

    Slovenia 16.3%

    Ireland 14.4%

    Bulgaria 13.2% *

    Hungary 12.8% *

    Romania 10.7% *

    Croatia 10.5% *

    (* non-members of the euro zone)

    We can see already that the banking systems in Greece and Cyprus are factually in default, since almost half of their loans are NPLs – they can only survive with money injections from the EU and the IMF. And several countries are in bad shape, the last four not being members of the euro zone, which adds the risk of exchange (a possible collapse of their currency). With one out of five loans not performing, Portugal’s banking system isn’t far from collapsing. Even Ireland, though it looks like it’s doing better economically, has an NPL ratio to be concerned with.

    But the big chunk, of course, is Italy, with 276 billion € in NPLs, according to the EBA, or 360 billion €, according to the ECB.

    https://www.goldbroker.com/news/new-warning-european-banks-bad-loans-1081

  • socalbeachdude

    China’s Zombie Province Shows Trouble With Its Bond Market

    Nowhere are China’s rusted-out industries worse than in Liaoning, a province that’s slumped into outright recession and where officials have admitted to years of inflating fiscal revenue data.

    Liaoning is also a showcase for how long a road China faces to create a world-class bond market. For all its problems, the district pays little more than its peers to borrow. On the corporate side, authorities’ reluctance to let more insolvent enterprises go under means a limited role for the market, with financiers willing to restructure their debts on the sidelines.

    Instead of clearing the way for healthy firms to compete free from zombie rivals and giving investors a way to make long-term bets on recovery, policy makers have demonstrated a preference to wait for help from Beijing, according to bankers who’ve examined potential Liaoning deals.

    “Liaoning’s government and the people there dare not or would not like to solve its problems via the market,” said Shen Meng, Beijing-based president of Chanson & Company, a private investment bank. “They’re still waiting for the central government’s supportive policies. That’s the biggest stumbling block.”

    http://www.bloombergquint.com/markets/2017/02/12/china-s-zombie-province-shows-what-s-wrong-with-its-bond-market

  • socalbeachdude
  • socalbeachdude

    Mean reversion ALWAYS OCCURS after periods of irrational exuberance in the markets and the biggest issue is that markets always OVER CORRECT far below their means!

  • socalbeachdude

    EXCLUSIVE: How greedy Bill and Hillary Clinton befriended a Chinese fry cook in Little Rock who funneled hundreds of thousands in illegal donations from China and sold sleepovers at the White House for $400,000 a pop

    Hillary’s long list of scandals doomed her from the start, says historian Doug Wead in his new book about her failed candidacy. She blamed her election loss on FBI Director Comey’s decision to re-investigate her emails, Wikileaks, and an ineffective campaign strategy. But the blame really lies elsewhere, says author Wead. He writes that ‘the ethical questions surrounding the Clintons preceded them into office, continued unabated during their time in the White House, resulted in impeachment, reoccurred during Bill’s retirement and now would be carried back into the White House with them again’ – a fact the American people could not and would not forget.’

    http://www.dailymail.co.uk/news/article-4252946/Clintons-befriended-Chinese-cook-got-illegal-donations.html

  • socalbeachdude

    Now Republicans in Congress are at war over how to replace Obamacare – and want Trump to come up with a solution to stop all-out crisis

    Republicans led by Paul Ryan confronted a conservative rebellion in their own party Tuesday over their long-promised plans to repeal and replace the health care law.

    http://www.dailymail.co.uk/news/article-4266868/Divided-Republicans-await-guidance-Trump.html

  • socalbeachdude

    If average yields (interest rates) rise to 10% on the $20 trillion of outstanding US Treasuries that will take 50% of current $4 trillion federal government spending to pay and about 66% of the $3 trillion currently being collected by the federal government in tax revenues.

  • socalbeachdude

    The main spillway at the Oroville Dam in California has apparently been totally destroyed and is now unusable and the pictures are shocking with the repair bill estimated to be around $200 million…and this is before the rapidly approach spring snow melt…

    On the edge of disaster: Full extent of the damage to the Oroville dam is revealed as officials stop the flow on the spillway showing that it is almost completely destroyed

    The true extent of the damage to the crumbling Oroville Dam spillway was revealed this week as authorities shut off the water flow and exposed the gaping hole left by the erosion.

    Authorities this week started the huge clean-up process, with tons of rubble needing to be removed from the bottom of the spillway in order to get the Hyatt hydro-electric power plant back in operation.

    Up to a million cubic yards of debris from the crumbling, concrete chute that takes water down from the top of the dam will need to be removed by barges and excavators over the next seven days.

    The damage to the water chute means that the water is not flowing fast enough to clear any of the rubble from the plunge pool at the bottom.

    http://www.dailymail.co.uk/news/article-4263640/California-dams-outflow-stopped-clear-debris.html#ixzz4a1ZaYE89

    • NobodyInParticular

      Interesting posts. All of them.

      I am curious. I seem to remember seeing your posts in various places for a few years but I don’t recall them being this “doom and gloom”. Not saying you are wrong or right. I just feel like your tenor has changed. And if that is true, I am curious why? I also could of course be totally mistaken.

  • socalbeachdude
  • Muhammad

    Who writes this nonsense and who is stupid enough to believe it?

    • socalbeachdude

      Everything stated in the article is 100% true.

      • Muhammad

        Except that there’s no such thing as a debt supercycle AT ALL.

  • ALhashimi

    “I just don’t understand why more people cannot see this”

    Because they are blinds and they want to still blind and stubbornly persistent to be blind, The JUST CHOSE BLINDNESS that’s why

  • N_Disnye

    Is Global Growth the answer?
    I think not.
    Global growth is achieved by expansion of trade, something those in business will know is encouraged by banksters who lend money from thin air.
    Richard Douthwaite’s Book “THE GROWTH ILLUSION” clearly shows indebtedness to banks correlates cosily with growth.
    A policy of earning modest profit, which is shared by the shareholders, employees, the taxman and re-investment, leads to a stability we used to enjoy.

    • Capitalist Shareholder

      You appear to be an ultranationalist communist plebeian, who opposes globalization in favor of paying factory workers thirty dollars an hour for assembling cars. All unions in the U.S. should be abolished, as they are defunct and obsolete. Global growth reigns supreme over your petty mercantilism or whatever anti-capitalist delusion you believe.

      • socalbeachdude

        There needs to be some sort of a BALANCE between the two views and the best way to achieve that balance is through stiff TARIFFS.

  • John Hasse

    The debt cycle really didn’t start until about 1960,Or later, so it isn’t 100 years. If we could date it from Volker’s term at the ‘fed’ it would be about one lifetime by Harry Dent’s timeline.

    • socalbeachdude

      The federal government debt in the USA started at the very inception of the United States back in 1776 and took more than 200 years to build up to $1 trillion by 1981 after which time it EXPLODED UPWARDS to our now present $20 trillion federal government debt.

  • salman

    Debt always resulted in default. The only way is development of nondebt tools such as project financing, trust services

  • df NJ

    RE: ” Can someone please explain to me how that could possibly be sustainable in the long-term?”

    Increase worker’s wages.

  • Dan Hardesty

    I know, let every Nation in the World go ahead and default on all loans. That way everyone can zero out debts and everyone is now showing a balanced budget, right? I am surprised that idea has not been floated already by the abomination known as the U.N.

  • no republycon

    So Heir Trump has said that GDP is going to be up to 3% sometime next year. This is just another REPUBLYCON fairy tale. Years ago the bankster’s got together and tried to figure out a way for everyone at the world casino to forgive each other’s debt, then it was around 70 trillion. Who knows what it is today. How many times does history have to repeat itself for our so called leaders to learn anything about money and that it has to backed by something other than good will.

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