Economic Collapse 2018

Why HBO’s Bill Maher Is Rooting For An Economic Collapse: “One Way You Get Rid Of Trump Is A Crashing Economy”

How many others among the elite are thinking the exact same thing that Bill Maher is thinking?  For more than a year, special counsel Robert Mueller’s investigation has been the focus for those that have wanted to get rid of President Trump, but at this point it has become obvious that Mueller’s investigation is going to bear little if any fruit.  So what is the next move for the elite if they are absolutely determined to get rid of Donald Trump?  Well, it could be to crash the economy.  Without a doubt, those at the very top of the food chain have the ability to cause a massive disruption to the financial system any time that they would like, and we are clearly more primed for a crisis than we have been at any other point since 2008.  Would the elite really be tempted to push the economy “in front of a train” if that is what is necessary to remove Donald Trump from the equation?

You can’t tell me that they have not at least considered this scenario.  In fact, HBO’s Bill Maher recently admitted on his show that he is actually “hoping” for “a crashing economy” because that is “one way you get rid of Trump”…

Maher made the remarks on his HBO talk show, “Real Time with Bill Maher.”

“I feel like the bottom has to fall out at some point,” he said.

“By the way, I’m hoping for it because one way you get rid of Trump is a crashing economy. So please, bring on the recession.”

I will save you a visit to a “fact checking” website – yes, he actually said this.

Subsequently, he added this gem…

“Sorry if that hurts people but it’s either root for a recession, or you lose your democracy.”

How sick do you have to be to say something like this?

Is he really wishing suffering and misery upon hundreds of millions of Americans just so that someone that he does like can be removed from the White House?

Sadly, that is precisely what he is saying.  You can watch original footage of him making these statements on YouTube…

I suppose that it is quite easy to wish for an economic collapse when you are making millions of dollars a year.

According to Dana Pico, Maher makes 10 million dollars a year from his show, and his net worth is “approximately $100 million”…

According to the website Celebrity Net Worth, Bill Maher’s salary is $10 million per year, and his net worth is pegged at approximately $100 million. So, if a recession comes, even if Mr Maher loses his job, he’s not exactly going to be sleeping on a park bench. How easy it is to say, “Sorry if that hurts people,” when it’s other people you’re wanting to see get hurt, knowing all along that you’ll be just fine, thank you very much!

Of course most of the rest of the country is just barely scraping by from month to month.  According to the Federal Reserve, 40 percent of all Americans could not even handle an unexpected $400 expense without borrowing the money or selling something.

This just shows how deeply out of touch celebrities like Bill Maher really are with ordinary Americans.  He apparently would be quite happy to see millions of Americans lose their jobs, trillions of dollars of wealth be wiped out on Wall Street, and suicide rates spike even higher than they are right now if it means that Donald Trump loses the next election.

Personally, I don’t know how anyone can possibly enjoy watching Bill Maher.  Even the recently deceased Anthony Bourdain admitted that he was quite disgusted by Maher when he was a guest on his show…

But the truth is that Maher is just saying what millions of others are already thinking about Trump.

We have never seen the left hate any president the way that they hate President Trump, and they are constantly fantasizing about how to get rid of him.

For the extremely wealthy among the global elite, they have the means to turn their fantasies into reality.  If they want to crash the global financial system just in time for the 2020 election, they certainly have the power to do that.  And it is also definitely possible that they could crash the global financial system prior to the 2018 mid-term elections in order to give the Democrats control and set the stage for a potential Trump impeachment.

It would be difficult to overstate just how badly the global elite want to get rid of Donald Trump, and that could result in them making some moves that are absolutely unprecedented.

So even though what Bill Maher said was deeply offensive, don’t dismiss his remarks entirely, because what he just expressed might be exactly what the global elite are thinking.

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

Legendary Investor Jim Rogers Warns That The Worst Stock Market Crash In Your Lifetime Is Coming ‘This Year Or Next’

If Jim Rogers is right, the worst stock market crash that any of us has ever seen is right around the corner.  For the past 15 years, Rogers has been a frequent guest analyst on CNBC, Fox News and elsewhere, and he is immensely respected for the depth of knowledge and experience that he brings to the table.  So the fact that he is warning that we are about to see the worst stock market crash in any of our lifetimes is making a lot of waves in the financial community.  And of course Rogers is far from alone.  Previously, I have written about several other prominent experts that are warning that a new financial crisis is imminent, and I have also discussed how a number of big investors are quietly positioning themselves to make an enormous amount of money when the markets crash.  Could it be possible that all of these incredibly sharp minds could be wrong?  Yes, but I wouldn’t bet on it.

I was actually quite stunned when I first learned what Jim Rogers had told Henry Blodget of Business Insider during a recent interview.  Rogers has built up a tremendous amount of credibility, but now he is putting that credibility on the line by warning that a great stock market crash will happen by the end of next year.  Here is the key portion of the interview …

Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?

Rogers: Later this year or next.

Blodget: Later this year or next?

Rogers: Yeah, yeah, yeah. Write it down.

There is no backing out of a statement like that.

If Rogers is wrong, he will never hear the end of it.

Subsequently, Blodget and Rogers also discussed how severe the coming crisis would be…

Blodget: And how big a crash could we be looking at?

Rogers: It’s going to be the worst in your lifetime.

Blodget: I’ve had some pretty big ones in my lifetime.

Rogers: It’s going to be the biggest in my lifetime, and I’m older than you. No, it’s going to be serious stuff.

So that means that Rogers is convinced that the coming crisis is going to be even worse than what we went through in 2008.

Of course this is something that I have been warning about for quite a while, but for Jim Rogers to make a statement like this is a really, really big deal.

Later in the interview, Rogers shared more details about what he believes the coming crisis will look like…

You’re going to see governments fail. You’re going to see countries fail, this time around. Iceland failed last time. Other countries fail. You’re going to see more of that.

You’re going to see parties disappear. You’re going to see institutions that have been around for a long time — Lehman Brothers had been around over 150 years. Gone. Not even a memory for most people. You’re going to see a lot more of that next around, whether it’s museums or hospitals or universities or financial firms.

That definitely sounds like an “economic collapse” to me.  Of course the truth is that the U.S. economy is already in the midst of a slow-motion economic collapse that stretches back for decades, but this coming crisis that Rogers is talking about is going to great accelerate matters.

Let us hope that it is put off for as long as possible, but at some point we are simply going to run out of time.

And when markets do start falling, they can move very, very rapidly.  Just look at what happened on Friday.  Technology sector stocks were down 2.7 percent, and the FAANG stocks were some of the biggest movers…

Facebook fell $5.11, or 3.3%, to $149.60.

Apple fell $6.01, or 3.9%, to $148.90.

Amazon fell $31.96, or 3.2%, to $978.31 now demoted from the elect group for 4-digit stocks back to the large group of 3-digit stocks.

Netflix plunged $7.85, or 4.7%, to $158.20.

Alphabet – the G in FAANG – fell $33.58, or 3.4%, to $952.23, moving further away from everyone’s dream of closing at $1,000.

If we are indeed moving toward a new crisis, one of the things that we will want to watch for is an inverting of the yield curve.

We saw this happen in 2000 and in 2006, and on both occasions it foreshadowed that a huge stock market crash was coming in the not too distant future.

Unfortunately, CNBC says that a new inversion of the yield curve could happen “by the end of this year”…

The bounce in Treasury yields witnessed after the election of Donald Trump is now decaying in the D.C. swamp. If the Federal Reserve continues to ignore this slow growth and deflationary signal from the bond market and continues along its current rate hiking path, the yield curve will invert by the end of this year and an equity market plunge and a recession is sure to follow.

An inverted yield curve, which has correctly predicted the last seven recessions going back to the late 1960’s, occurs when short-term interest rates yield more than longer-term rates. Why is an inverted yield curve so crucial in determining the direction of markets and the economy? Because when bank assets (longer-duration loans) generate less income than bank liabilities (short-term deposits), the incentive to make new loans dries up along with the money supply. And when asset bubbles are starved of that monetary fuel they burst. The severity of the recession depends on the intensity of the asset bubbles in existence prior to the inversion.

Another key indicator is the growth of commercial and industrial loans. According to Zero Hedge, this indicator has correctly foreshadowed every single recession since 1960…

While many “conventional” indicators of US economic vibrancy and strength have lost their informational and predictive value over the past decade (GDP fluctuates erratically especially in Q1, employment is the lowest this century yet real wage growth is non-existent, inflation remains under the Fed’s target despite its $4.5 trillion balance sheet and so on), one indicator has remained a stubbornly fail-safe marker of economic contraction: since the 1960, every time Commercial & Industrial loan balances have declined (or simply stopped growing), whether due to tighter loan supply or declining demand, a recession was already either in progress or would start soon.

So considering the fact that this indicator has been so accurate, it is extremely alarming that we could see our “first negative loan growth” since the last financial crisis “in roughly 4 to 6 weeks”…

After growing at a 7% Y/Y pace at the start of the year, which declined to 3% at the end of March and 2.6% at the end of April, the latest bank loan update from the Fed showed that the annual rate of increase in C&A loans is now down to just 1.6%, – the lowest since 2011 – after slowing to 2.3% and 1.8% in the previous two weeks.

Should the current rate of loan growth deceleration persist – and there is nothing to suggest otherwise – the US will post its first negative loan growth, or rather loan contraction since the financial crisis, in roughly 4 to 6 weeks.

And when you throw in all of the other signs that the U.S. economy is slowing down, a very clear picture begins to emerge.

It has been said that those that do not learn from history are doomed to repeat it.  As a society, we certainly didn’t learn much from the horrible financial disaster of 2008, and now so many of the exact same patterns are repeating once again.

An unprecedented financial crisis is most definitely heading our way, and the only thing left to be answered is how soon it will get here.