Democrats

Chicago Mayor Rahm Emanuel To ‘Kneel Before Zod’- Donald J. Trump?

The editorial board at Crain’s Chicago Business published the following about Chicago’s impending loss of clout in Washington, D.C., on the Crain’s website this past Saturday:

Chicago residents, regardless of their personal politics, are going to miss having one of their own in the White House.

As President Barack Obama moves on to his post-presidential life, he takes with him the last vestiges of our once-formidable clout in the nation’s capital. Chicagoans have become accustomed to the idea that, with the right connections, they can be just a phone call away from the highest levels of power. With the incoming Trump administration, that’s about to change

(Editor’s note: Bold added for emphasis)

Regular readers of Survival And Prosperity may recall what I blogged back on December 7:

If readers still don’t think there will be repercussions to Chicago from a Trump administration despite its unabashed support for Hillary Clinton on Election Day (the Democrat received 83.63% of the city’s votes on Election Day), its official policy of providing “sanctuary” to illegal aliens, and political grandstanding (Trump’s honorary street signs downtown were removed this past weekend, courtesy of the City Council), then consider what was published on the Bloomberg website yesterday:

“Chicago Faces Political Power Outage as Trump Succeeds Obama”

Chicago is racing the clock.

Nowhere will political power evaporate more dramatically at noon on Jan. 20 than in the third-largest U.S. city, a bastion of Democratic power that’s enjoyed special access to Washington during President Barack Obama’s eight years in the White House.

When Donald Trump becomes the 45th president, Chicago will trade a first family and top advisers with deep ties to the city for a chief executive who has repeatedly called it a violent mess embodying the failed policies of his predecessor and the Democratic Party…

Not since the era of Abraham Lincoln have Chicago and Illinois enjoyed such strong ties to the White House and Washington. Obama’s exit will bring an end to that

I wrote back on November 11 in a post entitled “Chicago Could Lose Billions In Federal Funding Under Trump Administration”:

Drip. Drip. Drip.

That’s the sound of federal funds to the “City By The Lake” drying up.

A real possibility. And a lot of moolah at stake…

Crain’s editorial board brought up the much-publicized planned renovation of Chicago’s Union Station in their piece. They penned:

As City Hall pushes for federal funding to revamp Union Station—a project that will require Trump administration support—Chicago may soon learn the limits of its clout in this new era.

(Editor’s note: Bold added for emphasis)

If the presence of Trump International Hotel & Tower in downtown Chicago isn’t enough to gain the President-elect’s support for the renovation, then I wouldn’t be surprised if Trump requires the city to renounce its “sanctuary city” status and/or other concessions he deems important before federal funds are made available.

Will Mayor Emanuel be forced to “kneel before Zod”?

Stay tuned…


“Kneel before Zod!”
Clip from Superman II (1980)
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Editorial Board. “Chicago’s D.C. clout exits with Obama.” Crain’s Chicago Business. 14 Jan. 2017. (http://www.chicagobusiness.com/article/20170114/ISSUE07/301149996/chicago-will-miss-president-barack-obama). 17 Jan. 2017.

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Illinois ‘Grand Bargain’ Legislation Includes 32 Percent Personal Income Tax Hike

Illinois taxpayers may get hit with a significant income tax hike pretty soon. John O’Connor of the Associated Press reported Sunday on The State Journal-Register website:

If last week’s action is any indication, the Democratic and Republican leaders of the Illinois Senate are serious about attempting to bust the state’s 18-month budget deadlock – quickly…

Promising to act on a package by month’s end, they introduced 13 measures Wednesday that included non-budget-related sweeteners for both sides. By Thursday, they had been rapidly assigned public committee hearings…

Here’s a look at other major pieces of the legislation some in the Capitol have nicknamed the “grand bargain”:

* Income tax increase: The personal income tax would jump from 3.75 percent to 4.95 percent, a plan to generate $4.1 billion a year. With spending cuts, Democrats argue, that could eliminate what the governor’s office estimates will be a $5.3 billion deficit on the June 30 end of the fiscal year…

(Editor’s note: Bold added for emphasis)

The proposed 32 percent income tax hike is not a sure thing, as O’Connor noted:

The outstanding question is if a Senate-approved deal would ultimately pass muster with Democratic House Speaker Michael Madigan, who has refused to entertain Rauner’s pro-business agenda as part of budget talks…

Six years ago, the 3 percent personal income tax rate jumped to 5 percent until 2015, when the rate rolled back to the current 3.75 percent.

Like I just suggested to Chicago taxpayers in the previous post, Illinois taxpayers might want to take heed of what’s potentially coming down the pipeline.

Other pieces of legislation include $7 billion more borrowing to pay off overdue bills (now at $10.7 billion), which you can read about on the The State Journal-Register site here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Mexican Paper Reports ‘Migrants Flee To Chicago Before Trump Becomes President’

In a post yesterday about Chicago, I offered up the following to residents who look to remain in the city through what I suspect will be increasingly tough times:

Do yourself a favor and take a good, hard look at your financial and personal safety capabilities for successfully navigating any “storm” that may lie ahead…

Here’s one more thing these Chicagoans might want to consider:

Learn to speak Spanish, if you don’t already.

Back in high school, I informed one of my Spanish teachers that I wanted to learn the language because I envisioned a future where being able to speak it might come in handy around Chicagoland and in other parts of the country.

It has. Immensely.

Almost a decade ago, I mentioned to my girlfriend that Chicagoans had better get used to a growing Hispanic influence in the city, based on the demographic trends I was observing.

Perhaps even more so now, after reading an article on the website of Mexican financial newspaper EL FINANCIERO. In the piece entitled “Migrants flee to Chicago before Trump becomes president,” Anabel Clemente reported Tuesday:

Before Donald Trump is acting president, on January 20, Mexico’s consul in Chicago, Carlos Martín Jiménez, reported that there is already a displacement of migrants to that city, as a point considered a sanctuary .

During the 28th Meeting of Ambassadors and Consuls, he said that undocumented people, living in localities near Chicago, began moving to that city, where their mayor, Rahm Emanuel, has implemented support measures , such as establishing a Special office called New Citizens , and has put a free phone for those who do not have documentation.

“We have Indiana, which is quite anti-immigrant, almost half the state, and we have a lot of people in Wisconsin . Although there is a new consulate, people are already very accustomed to the Chicago consulate and then they are migrating to Chicago, precisely because of the sanctuary issue, “he said…

(Editor’s notes: Bold added for emphasis; Translation exactly as provided by the Google Translate website.)

You can read the entire article here in English via Google Translate or here in Spanish on the EL FINANCIERO website.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Chicago Tribune Letter: ‘Chicago, And Its Surrounding Areas, Have Become Hell on Earth’

This morning I headed over to the Chicago Tribune website to see what’s cooking locally. On their homepage was a “story” link with the following headline:

“Letter: I’m leaving Chicago and I’m never coming back”

Figuring this should make some “entertaining” reading while I finished my coffee, I checked out the proclamation. The author sure didn’t pull any punches. Here’s a snippet:

I’ve come to understand that Chicago, and its surrounding areas, have become Hell on Earth for any thinking person with a modicum of self-respect.

The caustic combination of corrupt politicians with nothing but contempt for the public; a police force so broken down in spirit it visibly resents interaction with even law-abiding citizens; a criminal underclass empowered by the incessant drone of liberal rhetoric wandering the streets posing clear and present danger to everyone around them; and the enablers, who are everywhere, to say nothing of the ugly, decaying infrastructure, poor economy and joyless entertainment and leisure opportunities – it is for these reasons I have made the decision to disconnect forever…

(Editor’s note: Bold added for emphasis)

As regular readers of Survival And Prosperity know, I am one of those who left Chicago (Northwest Side) only three-and-a-half years ago due to concerns over increasing government mismanagement, crime, and costs of living- in no particular order. Besides, even though I really liked the neighborhood I had lived in for eight years, it was time for a new pad and home prices were just too damn high!

My girlfriend and I did what was right for us at the time and in advance of what we suspect lies ahead. But Chicago is still a great city with fantastic people (minus the criminal element), so much so not only do I understand why one might still choose to reside there, but even I won’t go so far as to proclaim “I’m never coming back.”

I remain optimistic about the long-term prospects for the “Windy City.” That being said, I do believe conditions in the city will erode before improving again. For those dead set on remaining in town, please do yourself a favor and take a good, hard look at your financial and personal safety capabilities for successfully navigating any “storm” that may lie ahead. For example, how do your finances look with the real prospect of future tax hits down the road?

More later. And to read that entire letter sent to the Chicago Tribune, head on over to their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Bloomberg On Chicago: ‘Nowhere Will Political Power Evaporate More Dramatically’ When Donald Trump Takes Office

If readers still don’t think there will be repercussions to Chicago from a Trump administration despite its unabashed support for Hillary Clinton on Election Day (the Democrat received 83.63% of the city’s votes on Election Day), its official policy of providing “sanctuary” to illegal aliens, and political grandstanding (Trump’s honorary street signs downtown were removed this past weekend, courtesy of the City Council), then consider what was published on the Bloomberg website yesterday:

“Chicago Faces Political Power Outage as Trump Succeeds Obama”

Chicago is racing the clock.

Nowhere will political power evaporate more dramatically at noon on Jan. 20 than in the third-largest U.S. city, a bastion of Democratic power that’s enjoyed special access to Washington during President Barack Obama’s eight years in the White House.

When Donald Trump becomes the 45th president, Chicago will trade a first family and top advisers with deep ties to the city for a chief executive who has repeatedly called it a violent mess embodying the failed policies of his predecessor and the Democratic Party…

Not since the era of Abraham Lincoln have Chicago and Illinois enjoyed such strong ties to the White House and Washington. Obama’s exit will bring an end to that

(Editor’s note: Bold added for emphasis)

I wrote back on November 11 in a post entitled “Chicago Could Lose Billions In Federal Funding Under Trump Administration”:

Drip. Drip. Drip.

That’s the sound of federal funds to the “City By The Lake” drying up.

A real possibility. And a lot of moolah at stake, which John McCormick describes in detail in that Bloomberg piece.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, December 7th, 2016 Government, Immigration, Political Parties Comments Off on Bloomberg On Chicago: ‘Nowhere Will Political Power Evaporate More Dramatically’ When Donald Trump Takes Office

Signs Of The Time, Part 115

This “Signs Of The Time” post is actually about signage.

U.S. President-elect Donald Trump’s honorary street signs in downtown Chicago.

The Chicago Tribune reported this afternoon:

After much fanfare from Chicago aldermen over the righteousness of tearing down President-elect Donald Trump’s honorary street signs, city workers quietly removed the placards over the weekend.

A city sign shop crew pulled down the remaining two street signs on Wabash Avenue near Trump Tower at 8 a.m. Sunday, according to Chicago Department of Transportation spokesman Michael Claffey. A third Trump sign was stolen months ago…

(Editor’s note: Bold added for emphasis)

Regular readers of Survival And Prosperity may remember me blogging about this decision by Chicago’s City Council last month. I wrote in a November 11 post entitled “Chicago Could Lose Billions In Federal Funding Under Trump Administration”:

Finally, there’s this little bit of political grandstanding more characteristic of the ruler(s) of some “Banana Republic.” Fran Spielman reported on the Chicago Sun-Times website back on November 1:

Chicago may well have earned Donald Trump’s unflattering ‘war zone’ label after piling up 17 homicides last weekend and 633 already this year.

But don’t tell that to a City Council filled with Democrats.

On Tuesday, the Council followed through on its promise to strip the Republican presidential nominee of an ego tribute he covets: the honorary ‘Trump Plaza’ designation outside the 96-story Trump International Hotel & Tower on the Chicago River that bears his name in huge, white letters

(Editor’s note: Bold added for emphasis)

If rabid opposition and Sanctuary City-status didn’t already motivate U.S. President-elect Donald Trump to steer federal funds to other areas of the country, it’s a pretty good bet this stunt was the icing on the cake.

Trump tweet forthcoming?

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

“Chicago removes remaining Donald Trump street signs.” Chicago Tribune. 6 Dec. 2016. (http://www.chicagotribune.com/news/local/politics/ct-donald-trump-chicago-street-signs-removed-met-1207-20161206-story.html). 6 Dec. 2016.

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Tuesday, December 6th, 2016 Crime, Government, Political Parties, Signs Of The Time Comments Off on Signs Of The Time, Part 115

Martin Armstrong: ‘The United States Will Most Likely Break Apart By 2036’

Back on January 27, 2016, I asked:

Do any readers follow Martin Armstrong, economist at Armstrong Economics (and former chairman of Princeton Economics International Ltd.) and the creator of the Economic Confidence Model? While the jury’s still out on him (for me), I do read his blog almost daily…

I still “read his blog almost daily.” And something Armstrong wrote last week really caught my attention. From “The Termination of Cash Approaching Rapidly”:

I am becoming deeply concerned that the United States is headed into its version of a communist revolution under the label “progressive” and the bankers, who Larry Summers has always supported, will be used as the scapegoat for Wall Street and the “rich” who have to be stripped of their liberty and their money for the “good of the people” as they always say. The United States does not look like it will be a country we can recognize by 2032 if we can even make it past 2024. The United States will most likely break apart by 2036. There are separatist movements rising in many areas from Vermont and Texas to California, who reasons they voted for Hillary not Trump justifying their departure.

The entire purpose of eliminating cash is to strip us of our assets, liberty, and to prevent bank runs. The youth, who have been brainwashed by Bernie Sanders and people like Elizabeth Warren, will turn against the older generation and enslave them if at all possible. This threatens our future with outright civil war. They will not be satisfied until they destroy the freedom of their opposition. It is starting to appear that 2036 is our date with destiny

(Editor’s note: Bold added for emphasis)

America kaput by 2036- if not earlier?

That’s a pretty disturbing thought. And reading that blog post reminded me of an article I pulled up almost eight years ago on The Wall Street Journal website (my how time flies) by Andrew Osborn, who discussed a similar prediction made by Russian academic Igor Panarin, a former KGB analyst and Dean of the Russian Foreign Ministry’s school for future diplomats (then and now). On December 29, 2008, Osborn wrote:

Mr. Panarin posits, in brief, that mass immigration, economic decline, and moral degradation will trigger a civil war next fall and the collapse of the dollar. Around the end of June 2010, or early July, he says, the U.S. will break into six pieces — with Alaska reverting to Russian control…

California will form the nucleus of what he calls “The Californian Republic,” and will be part of China or under Chinese influence. Texas will be the heart of “The Texas Republic,” a cluster of states that will go to Mexico or fall under Mexican influence. Washington, D.C., and New York will be part of an “Atlantic America” that may join the European Union. Canada will grab a group of Northern states Prof. Panarin calls “The Central North American Republic.” Hawaii, he suggests, will be a protectorate of Japan or China, and Alaska will be subsumed into Russia…

(Editor’s note: Bold added for emphasis)

Obviously 2010 came and went… and the good ol’ U.S. of A. remains intact.

But I can’t help but wonder if Panarin’s prediction might not be in the same category as an infamous forecast made by the American financial analyst Meredith Whitney about a wave of municipal defaults. I wrote back on December 22, 2010:

Last night Whitney, now CEO and founder of Meredith Whitney Advisory Group, appeared on CNBC and warned that a wave of defaults by state and local governments in the coming months will cause a sell-off in the municipal bond market, hurting U.S. economic growth and stocks- and causing social unrest

I blogged a year-and-a-half later:

Whitney will eventually be vindicated about the wave of defaults (her timing was just off)…

“Her timing was just off”

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Sources:

Armstrong, Martin. “The Termination of Cash Approaching Rapidly.” Armstrong Economics Blog. 24 Nov. 2016. (https://www.armstrongeconomics.com/world-news/taxes/the-termination-of-cash-approaching-rapidly-the/). 1 Dec. 2016.

Osborn, Andrew. “As if Things Weren’t Bad Enough, Russian Professor Predicts End of U.S.” The Wall Street Journal. 29 Dec. 2008. (http://www.wsj.com/articles/SB123051100709638419). 1 Dec. 2016.

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Thursday, December 1st, 2016 Asia, Bonds, Civil Strife, Class Warfare, Crash Prophets, Currencies, Defaults, Europe, Government, Immigration, North America, Political Parties, Revolution, Stocks, Wall Street, War, Wealth Comments Off on Martin Armstrong: ‘The United States Will Most Likely Break Apart By 2036’

Illinois Bullet Serial Number Legislation Going Before House Committee November 15?

Earlier today, an article with the headline “Gun-Controlled Chicago Approaches 4,000 Shooting Victims For 2016” caught my attention on Breitbart.com. In it, AWR Hawkins wrote:

The Democrats in Chicago and the state of Illinois are pushing to squash this mayhem with more gun laws and regulations. One Chicago leader is pressing for a “declaration of a state of emergency” for the city, and state Representative Sonya Harper (D-6th) wants to require serial numbers on every bullet and bullet casing.

Harper told Fox 32, “We just want to know how the guns and the bullets are getting into the hands of our youth and causing senseless harm and murder on our streets.” She did not address that attempts at ballistic fingerprinting have repeatedly failed to solve crime when implemented in other cities, nor did she mention that such regulations drive up the prices law-abiding citizens have to pay for ammunition

(Editor’s note: Bold added for emphasis)

Later, I learned about this proposed ammo serialization program in Illinois on the NRA’s Institute for Legislative Action website:

Tomorrow, the House Judiciary Committee is scheduled to hear House Bill 6615, legislation that seeks to create a serialization system of “handgun ammunition” in Illinois. While HB 6615 claims to only encompass handgun ammunition, the language would also go so far as to include most popular pistol, rifle and shotgun ammunition.

Sponsored by state Representative Sonya Harper, HB 6615 will cost millions of dollars to implement and maintain, and is easily circumvented by criminals who seek to commit their criminal acts without care of another law on the books. Even common household tools could be used to distort or deface the serial number and render it illegible.

Not only would it be ineffective at preventing crime, this anti-gun bill would create a de facto registry of gun owners in Illinois. Every serialized cartridge would need to be registered to the individual that purchased it. This legislation would also criminalize the millions of cartridges that are currently lawfully owned by Illinois gun owners for target shooting, hunting and personal protection. Those who reload their own ammunition would not be allowed to do so anymore because it would be impossible to match the serial numbers on used cartridge cases to new bullets…

(Editor’s note: Bold added for emphasis)

If readers haven’t figured it out by now, Illinois gun “control” supporters never rest.

The NRA-ILA offers opponents of HB 6615 a way to take action via their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Hawkins, AWR. “Gun-Controlled Chicago Approaches 4,000 Shooting Victims For 2016.” Breitbart.com. 14 Nov. 2016. (http://www.breitbart.com/big-government/2016/11/14/gun-controlled-chicago-approaches-4000-shooting-victims-2016/). 14. Nov. 2016.

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Monday, November 14th, 2016 Ammunition, Crime, Firearms, Government, Gun Rights, Hunting, Legal, Political Parties, Public Safety, Self-Defense, Shooting Sports Comments Off on Illinois Bullet Serial Number Legislation Going Before House Committee November 15?

Quote For The Week

“This is nothing more than an attempt to intimidate the Trump administration and to intimidate the Trump supporters. This is a slap in the face to the voters. In our democracy, the voters decide who will lead these institutions of government. And numbers came out, enough to make Donald Trump the President-elect of the United States. It’s going to take them some time, but they’ll get over it. But in the meantime, you put up with them like a petulant two-year-old. You let them dance and have their tantrum. And then at some point you take them by the arm and you look them in the eye and you go, ‘That’s enough.’

-Milwaukee County (Wisconsin) Sheriff David Clarke, Jr., speaking on the Fox News TV show Hannity on November 10 about anti-Trump protests/riots

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, November 14th, 2016 Civil Strife, Crime, Government, Public Safety, Quote For The Week Comments Off on Quote For The Week

Donald Trump Inheriting A ‘Poisoned Chalice’?

I’ve had this suspicion for some time now that whoever won the 2016 U.S. presidential election is very likely inheriting a “poisoned chalice.”

When I launched Boom2Bust.com, “The Most Hated Blog On Wall Street,” on Memorial Day weekend 2007, I started warning readers of a coming U.S. financial collapse.

After moving on to Survival And Prosperity in 2010, I came to believe the economy/larger financial system had already entered a long, drawn-out descent before the eventual crash.

That downward trajectory would be punctuated by crises like what reared its ugly head in the autumn of 2008.

Financial types were quick to label the recession at the end of last decade as the “Great Recession.”

This “nattering nabob of negativity” thinks it’s only a matter of time before a “Greater Recession” strikes, fueled by Washington and the Fed “kicking the can down the road” and having too few bullets left when that “road” inevitably runs out.

President-elect Trump is also aware of the possibility of such economic upheaval.

Bob Woodward and Robert Costa reported on The Washington Post website back on April 2, 2016:

Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts…

Trump has for months contended that the U.S. economy is in trouble because of what he sees as an overvalued stock market, but his view has grown more pessimistic of late and he is now bearish on investing, to the point of warning Americans against doing so.

“I think we’re sitting on an economic bubble. A financial bubble,” Trump said. He made clear that he was not specifying a sector of the economy but the economy at large and asserted that more bullish forecasts were based on skewed employment numbers and an inflated stock market.

“First of all, we’re not at 5 percent unemployment. We’re at a number that’s probably into the twenties if you look at the real number,” Trump said. “That was a number that was devised, statistically devised to make politicians- and, in particular, presidents — look good. And I wouldn’t be getting the kind of massive crowds that I’m getting if the number was a real number.”

(Editor’s note: Bold added for emphasis)

Yet Trump, as President-elect of the United States, chooses to accept the potential “poisoned chalice,” from which he might be forced to drink from during his tenure in the Oval Office as the current economic expansion grows long in the tooth.

Consider the following from Jeffrey Sparshott in The Wall Street Journal’s Real Time Economics blog this morning:

Donald Trump is poised to inherit one of the longest-lived economic expansions since the World War II era. Barring any sudden shock or sudden acceleration, the president-elect will also take office during the weakest

The economy has been growing for more than seven years, ranking the expansion the fourth-longest since 1949 (when quarterly data became available). If economic expansion continues through Mr. Trump’s first term, it will be the longest.

While gross domestic product, a broad measure of economic of output, is advancing, it’s been at the slowest rate on record for an expansion

(Editor’s note: Bold added for emphasis)

I’d like to think Donald Trump and the Republicans could turn this ship around and avert economic disaster.

I, for one, would only be too happy to be proven wrong about my prediction of a “Greater Recession” and eventual collapse.

But I fear the damage may already be done.

So much so that the incoming White House might want to level with the American people about what might be in store for them from an economic standpoint.

Otherwise, the public will have less of a fighting chance of weathering the financial storm should it hit.

Not to mention opponents of a Trump administration will try hard to pin the blame on them for a painful event previous administrations played a big part in creating.

One need only look at Illinois where Republican Governor Bruce Rauner (only 22 months in office) is facing the same baseless charges for decades of mismanagement perpetrated by those across the political aisle.

President-elect Trump has his work cut out for him as the economy is concerned. The billionaire businessman seems to be up for the challenge, and America will know soon enough if he can pull off yet another amazing feat.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Costa, Robert and Woodward, Bob. “In a revealing interview, Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years.” The Washington Post. 2 Apr. 2016. (https://www.washingtonpost.com/politics/in-turmoil-or-triumph-donald-trump-stands-alone/2016/04/02/8c0619b6-f8d6-11e5-a3ce-f06b5ba21f33_story.html?hpid=hp_hp-top-table-main_trumppresidency-7pm%3Ahomepage%2Fstory). 11 Nov. 2016.

Sparshott, Jeffrey. “The U.S. Economy President Donald Trump Will Inherit, in 11 Charts.” Real Time Economics. 11 Nov. 2016. (http://blogs.wsj.com/economics/2016/11/11/the-u-s-economy-president-donald-trump-will-inherit-in-11-charts/). 11 Nov. 2016.

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Friday, November 11th, 2016 Bubbles, Employment, Federal Reserve, Fiscal Policy, GDP, Government, Investing, Monetary Policy, Political Parties, Preparedness, Recession, Recovery, Stocks Comments Off on Donald Trump Inheriting A ‘Poisoned Chalice’?
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  • Next Degussa Numis Day To Take Place January 26, 27
    Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis Day We appreciate and appraise […]
  • Related Reading: Martin Armstrong Covered By Washington’s Blog
    Regular readers of Offshore Safe Deposit Boxes know I bring up economist Martin Armstrong from time to time (case in point, the last entry) due to his views on subjects such as the War on Cash, gold confiscation, and safe deposit boxes. This afternoon Armstrong was the focus of a post published my other blog- […]