If You Read Between The Lines, Global Economic Leaders Are Telling Us Exactly What Is Coming

Sometimes, a strongly-worded denial is the most damning evidence of all that something is seriously wrong.  And when things start to really get crazy, “the spin” is often the exact opposite of the truth.  In recent days we have seen a lot of troubling headlines and a lot of chaos in the global financial marketplace, but authorities continue to assure us that everything is going to be just fine.  Of course we witnessed precisely the same thing just prior to the great financial crisis of 2008.  Federal Reserve Chair Ben Bernanke insisted that a recession was not coming, and we proceeded to plunge into the worst economic downturn since the Great Depression.  Is our society experiencing a similar state of denial about what is ahead of us here in 2018?

Let me give you a few examples of some recent things that global economic leaders have said, and what they really meant…

Tesla Motors CEO Elon Musk: “We are definitely not going bankrupt.”

Translation: “We are definitely going bankrupt.”

Tesla is a company that is supposedly worth 51 billion dollars, but the reality is that they are going to zero.  They have been bleeding massive amounts of cash for years, and now a day of reckoning has finally arrived.  A severe liquidity crunch has forced the company to delay payments or to ask for enormous discounts from suppliers, and many of those suppliers are now concerned that Tesla is on the verge of collapse

Specifically, a recent survey sent privately by a well-regarded automotive supplier association to top executives, and seen by the WS , found that 18 of 22 respondents believe that Tesla is now a financial risk to their companies.

Meanwhile, confirming last month’s report that Tesla is increasingly relying on net working capital, and specifically accounts payable to window dress its liquidity, several suppliers said Tesla has tried to stretch out payments or asked for significant cash back. And in some cases, public records show, small suppliers over the past several months have claimed they failed to get paid for services supplied to Tesla.

Shark Tank billionaire Mark Cuban: “I’ve got a whole lot of cash on the sidelines.”

Translation: “I believe that the stock market is about to crash.”

Mark Cuban is not stupid.  Like Warren Buffett, he is sitting on giant piles of cash as he waits for stock valuations to return to their long-term averages.  And when “something happens”, Cuban insists that he is “ready, willing and able” to make some bold moves…

Billionaire entrepreneur Mark Cuban told CNBC on Monday that he’s holding much more cash than he normally does because he’s concerned about the stock market and U.S debt levels.

“I’m down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix. I’ve got a whole lot of cash on the sidelines,” Cuban said on “Fast Money Halftime Report.” “[I’m] ready, willing and able if something happens” to invest.

Deutsche Bank: We need our employees to “take every opportunity to restrict non-essential travel” in order to cut costs.

Translation: We are on the verge of collapse, and we have got to save every single penny that we can right now.

If you follow my work on a regular basis, you already know that I have been extremely hard on Deutsche Bank.  The biggest bank in Europe is teetering on the brink, and this latest move is more evidence that their days are numbered

Forget the days of traveling first class to meet clients: Deutsche Bank, which following major management upheaval in the past year, is telling its employees to take the bus whenever possible.

In the latest indignity to befall the bank’s employees, in a memo sent by Deutsche Bank CFO James von Moltke, the biggest European bank – if certainly not by market cap – urged employees to “take every opportunity to restrict non-essential travel” until the end of the year adding that “with your help, we will meet our cost-reduction targets.”

Italian Cabinet Undersecretary Giancarlo Giorgetti: “I hope that the quantitative easing program will go forward.”

Translation: If the ECB does not buy our bonds, the Italian financial system is toast.

Italy will almost certainly be the fulcrum of the next European financial crisis, and the truth is that the EU will not have enough money to bail Italy out once it collapses.

So the Italians desperately need the ECB to continue buying their bonds, and the new Italian government seems to understand this very well

Italian Cabinet Undersecretary Giancarlo Giorgetti said he hopes the European Central Bank’s quantitative easing program will be extended to help protect the country from financial speculators.

Italy also needs to be credible to help shield itself, Giorgetti said in an interview with newspaper Il Messaggero. After the Genoa bridge disaster, the country may boost its extra spending request to the European Union, he said.

Signs of trouble continue to erupt in the United States as well.  The trade war is taking a huge toll on businesses of all sizes, and sometimes it is rural America that is being hurt the most.

For instance, the looming closure of the Element Electronics factory in Winnsboro, South Carolina would be absolutely crippling for that community…

TVs at the plant are made out of components that are imported from China, and the tariffs make assembling the TVs here a losing proposition, the company has said. The company is fighting for a waiver but is bracing for shutdown.

Winnsboro is the seat of Fairfield County, where a third of the population lives in poverty. Unemployment among its nearly 23,000 residents is second highest in the state, and, despite periodic rebounds, the population has fallen steadily over the past century.

“This is going to be a ghost town,” Winnsboro resident Herbert Workman said.

In this day and age, we are trained to be optimistic, and that can be a good thing.

But there comes a point when blind optimism causes us to lose touch with reality, and many believe that we have already crossed that threshold.

Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

Bill Kristol Announces That ‘There Will Be An Independent Candidate’ To Sabotage Donald Trump

Idea Follow Question - Public DomainIt has long been my contention that the elite are more than willing to do whatever they have to do to keep Donald Trump out of the White House.  There are many forms that this could take, and one potential option just became a little bit clearer.  On Sunday, the founder and editor of the Weekly Standard, Bill Kristol, announced on Twitter that there “will be an independent candidate–an impressive one, with a strong team and a real chance.”  Kristol has very, very deep ties to the Republican elite, and so this is certainly not an idle threat.  At this point we do not know who the candidate will be, but some of the names that have been mentioned include Mitt Romney, John Kasich, Nebraska Senator Ben Sasse and billionaire Mark Cuban.  Of course dividing the conservative vote would be suicidal and would virtually ensure a victory for Hillary Clinton in November.  So why would Kristol and other Republican elitists want to do this?

That is a very good question, and it goes to the very core of how the game of politics is played in America today.

The truth is that the elite are accustomed to being in control of both parties, and that is why things never seem to change very much no matter who is elected.

But this time someone that the elite do not control has miraculously captured the Republican nomination, and this scares them to death.

So now the mission is to destroy the Trump candidacy at all costs, even if that means having the Republican elite sabotage the Republican nominee.

I wasn’t sure if they were actually going to pull the trigger on a major third party candidate, but Bill Kristol now says that this is absolutely going to happen…

Of course Donald Trump was horrified when he learned of what Kristol had said.  He responded with a series of very angry tweets…

I would be upset too.  For the Republican elite to purposely sabotage Trump and throw the election to Hillary Clinton is seemingly insane.  This is something that Ben Carson commented on during a recent interview with Fox News

Former 2016 candidate and Trump backer Ben Carson, speaking Monday on Fox News, echoed Trump’s warnings and invoked the 1992 presidential race as an example.

“A quarter of a century ago, another Clinton was running for the White House, and it was the entrance of a third-party candidate, Ross Perot, that made it possible for him to win,” Carson said. “Wouldn’t it be ironic if the same thing happened this time?”

Of course Kristol and the others that he is working with know precisely what they are doing.

There is no way in the world that Romney, Sasse, Kasich or Cuban could win.  But that wouldn’t be the goal anyway.  The goal would simply be to deny five or ten percent of the vote to Trump so that Hillary would win in a landslide.

At one time it seemed like such sabotage would not be necessary, but now polls have begun to shift and the elite are beginning to panic.  Here is one example of how the numbers have shifted…

That data and recent events suggest that Wall Street, which currently prefers former Secretary of State Hillary Clinton to real estate mogul Donald Trump, may not get the president it wants. According to the Iowa Electronic Markets, a prediction online betting platform, the probability that we’ll see a Democrat take the White House in 2016 is shrinking fast.

“The Democratic candidate was all but a certainty to win the presidency less than a month ago—it was at 74 percent and it’s down to 58 percent today,” said Hickey.

In a head to head matchup, there is a very real possibility that Trump could defeat Clinton.  So that is why the elite feel that they have to make a move.

But we probably will not find out the identity of the third party candidate until some time in June at the earliest.  In fact, a source that is involved in this third party effort told CBS News “not to expect an announcement for a couple of weeks.”

So for the moment, we will wait.

But without a doubt, there appears to be a unique opportunity for a third party candidate in this election cycle.  A whole host of recent polls and surveys have shown that the American people are not pleased with either party at this point and that most Americans would like to see an alternative choice to either Clinton or Trump.  The following comes from the New York Times

The survey also found evidence of overwhelming interest in the presidential contest, although less than a quarter of Americans say they’re excited about it.

Worse, 55 percent of Americans, including 60 percent of Republicans and 53 percent of Democrats, say they feel helpless about the 2016 election. And two-thirds of Americans under 30 report feeling helpless.

“I am despondent,” said Cserbak. “I wouldn’t say I feel totally helpless. I do have a vote.”

Of course no matter who runs as a third party candidate, there is no way in the world that individual will win.  Any third party candidate will simply play the role of spoiler, and will throw the election one way or the other.

I understand that a lot of people out there are very excited about Trump.  And it would be very nice to think that the American people could actually elect a president that is not controlled by the elite.

But that is not how the real world works, and over the next several months we are going to get a very clear lesson in power politics.

If necessary, the elite will move heaven and earth if that is what it takes to keep Donald Trump out of the White House.  Anyone that would suggest otherwise simply doesn’t understand how the game is played.

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