Democrats

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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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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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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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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Chicago Could Lose Billions In Federal Funding Under Trump Administration

It’s a real possibility that the city of Chicago will lose out on billions of dollars of federal funds in the coming years due to its unabashed opposition of U.S. President-elect Donald Trump, its official policy of providing “sanctuary” to illegal aliens, and political grandstanding at a time when serious problems plague America’s third-largest city.

At the same time, Chicago Mayor Rahm Emanuel doesn’t sound too concerned. Byrne reported on the Chicago Tribune website Wednesday:

Mayor Rahm Emanuel on Wednesday predicted that President-elect Donald Trump would work with Chicago rather than penalize a city where many officials and voters opposed his candidacy.

Emanuel, who worked in the Clinton White House, was outspoken in his support for Democratic presidential nominee Hillary Clinton during the campaign. Yet the mayor said he doesn’t think the incoming president will seek retribution, perhaps by cutting Chicago out of federal funding for infrastructure and other big-ticket projects.

“I’m not worried about Donald Trump trying to somehow penalize Chicago,” Emanuel said at a City Hall news conference minutes after Clinton gave her concession speech.

Still, Emanuel noted that he won’t exactly have the Republican president’s ear…

I’m not sure President-elect Trump will listen to me, but I would say that you’re president for all of America, and that includes your third-largest city in the country,” said Emanuel, who was Obama’s first White House chief of staff…

(Editor’s note: Bold added for emphasis)

I’m not sure President-elect Trump will listen to Rahm either.

And considering opponent Hillary Clinton received 83.63 percent (865,075 votes) of the votes in Chicago (source: DNAinfo) in Tuesday’s contest, I don’t believe Mr. Trump thinks he owes the “Windy City” any special favors.

In addition to being full of Clintonistas, Chicago is a well-known “Sanctuary City” for illegal aliens. As Dorothy Tucker noted on the CBS 2 Chicago website yesterday:

President elect Donald Trump… threatened to cancel federal funding to sanctuary cities.

In Chicago, that’s an anticipated $1.33 billion for 2017- money that is used for everything from building bridges to feeding students. It’s money Trump supporters don’t want the city to lose just to protect illegal immigrants…

(Editor’s note: Bold added for emphasis)

Tucker added this:

Mayor Emanuel has indicated he’s committed to Chicago remaining a sanctuary city…

(Editor’s note: Bold added for emphasis)

Drip. Drip. Drip.

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

Finally, there’s this little bit of political grandstanding more characteristic of a 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.

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

Sources:

Byrne, John. “Emanuel ‘not worried’ about Trump retribution, but some aldermen are.” Chicago Tribune. 9 Nov. 2016. (http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-donald-trump-react-met-20161109-story.html). 11 Nov. 2016.

Ali, Tanveer. “How Every Chicago Neighborhood Voted In The 2016 Presidential Election.” DNAinfo. 9 Nov. 2016. (https://www.dnainfo.com/chicago/numbers/president-vice-president-every-neighborhood-map-election-results-voting-general-primary-illinois). 11 Nov. 2016.

Tucker, Dorothy. “‘Sanctuary City’ Status May Hurt Chicago With Trump Administration.” CBS 2 Chicago. 10 Nov. 2016. (http://chicago.cbslocal.com/2016/11/10/chicagos-sanctuary-city-status-could-be-a-problem-with-trump-administration/). 11 Nov. 2016.

Spielman, Fran. “Council votes to remove Trump Plaza designation.” Chicago Sun-Times. 1 Nov. 2016. (http://chicago.suntimes.com/politics/council-votes-to-remove-trump-plaza-designation/). 11 Nov. 2016.

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Mob Beats Older Trump Supporter In Chicago?

I came across two shocking videos this morning allegedly showing a mob of young African-American men beating an older Caucasian Trump supporter on Kedzie Avenue (if I read the street sign correctly) in Chicago:


(Warning: Violence, Language)
YouTube Video

In this second video, it appears one of the attackers drives away with the victim’s car, with the victim being dragged through the streets as his hand is caught in the vehicle’s window:


(Warning: Violence, Language)
Vidme Video

Snopes.com has come out saying that according to the Chicago Police Department, the intersection beatdown this guy received resulted from a traffic altercation, not politics.

As this is the City of Chicago we’re talking about here, even if politics were the cause, there are those who wouldn’t put it past “The Machine” to explain this incident away as stemming from a “traffic altercation.”

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

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Election Day TV Coverage Highlights

From around 6 PM yesterday until 1:45 AM this morning, I was pretty much glued to the television watching how the 2016 U.S. presidential election would pan out. The following are some highlights from that TV viewing marathon. But before I begin, some things to note:

-While I did work for the Democrats in the U.S. Senate at one time, I am not a poltical partisan. I am both “conservative” and “liberal,” depending on the issue. Those who have followed my blogging regularly since 2007 can attest to that, where I have been just as quick to flame George W. Bush and his gang as Barack Obama, Hillary Clinton, and their respective crews.
-I had no idea who would win the White House.
-My network of choice for Election Day was Fox News.

As for those highlights?

-There was a point early in the night when I thought Hillary Clinton might win the election. Initial results from so-called “battleground states” seemed to be in her favor. But Karl Rove, former Deputy Chief of Staff and Senior Advisor to “Dubya,” reminded viewers that these were the ballots from “early voting” that were being tallied, which Democrats love to push, utilizing their usually-effective “ground game.”

-The first inkling I had that Donald Trump might win the election was when Fox News anchor Chris Wallace uttered the following:

At least I’m coming to the conclusion tonight, conclusion is the wrong word, open to the possibility- Donald Trump could be the next President of the United States…


“Chris Wallace: Trump could be our next president”
YouTube Video

-I became more attuned to the political earthquake at hand when Fox News’ Jennifer Griffin, reporting at the site of the Clinton victory party, described a silent, shell-shocked crowd.

-The results kept pouring in through the night. Yet Trump still hadn’t clinched victory. However, this late evening tweet (now since deleted I heard) from Gerard Araud, French ambassador to the United States, hammered home what was taking place Tuesday:

After Brexit and this election, everything is now possible. A world is collapsing before our eyes. Dizziness.

(Editor’s note: Bold added for emphasis)

As Anthony Bond pointed out over on The Mirror (UK) website today:

The experienced diplomat would need to work with Trump and his team if the Republican becomes President, making his remarks all the more astonishing…

-While Clinton campaign chairman John Podesta came out with his “come back tomorrow” speech since a few remaining races stood undecided, I desperately tried to stay awake to see what the Trump camp was going to say. The attempt was futile, and I called it a night around 1:45 AM.

-When I woke up a little after 7 AM, I grabbed the TV remote control off my nightstand, turned on FOX 32 Chicago, and saw that Donald Trump had been elected the 45th President of the United States. I subsequently watched as Clinton supporters levelled accusations of sexism, racism, vote rigging, Russian involvement, etcetera, against the Trump campaign. Perhaps there was a relatively simple explanation for their candidate’s defeat. Basic enough that even “deplorables” could understand. Greg Gutfeld, co-host of the the Fox News TV show The Five, claimed during last night’s election coverage:

This is culture versus culture. When you’re in a small town and Katy Perry, and Lady Gaga, and Funny or Die, and Miley Cyrus mocks you for your unhappiness and for your beliefs, you now see millions of people saying, “I’ve had enough of that culture. I don’t need you anymore.” This was the F-U to popular culture…

(Editor’s note: Bold added for emphasis)

“This was the F-U to popular culture”


“Gutfeld: Small town America is tired of being mocked”
Fox News Video

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

Source:

Bond, Anthony. “French ambassador to the US says the ‘world is collapsing’ as Donald Trump looks set to become President.” The Mirror. 9 Nov. 2016. (http://www.mirror.co.uk/news/world-news/french-ambassador-says-world-collapsing-9223847). 9 Nov. 2016.

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Wednesday, November 9th, 2016 Europe, Government, Political Parties, Racism No Comments

Signs Of The Time, Part 113

Kind of ironic that the following Netflix DVD would arrive in my mailbox today

The Purge: Election Year

The Purge: Election Year

ANY CHARACTER HERE

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

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Some Clinton Supporters Protest, Riot After Election

In yesterday’s “Signs Of The Time” post, I noted that the Oath Keepers had recently conducted a webinar addressing how to prepare for the possibility of post-election civil strife and violence.

Apparently, a limited amount of social unrest kicked off on America’s “Left Coast” and elsewhere in the country early this morning after the conclusion of the U.S. presidential election.

Gemma Mullin reported on The Mirror (UK) website today:

Crowds of angry protesters have taken to streets across the United States chanting “Not Our President” while setting fires and smashing windows.

Hundreds of people descended on California minutes after it was announced that Donald Trump had won the election.

Hillary Clinton supporters were filmed setting fire to the US flag while marching through the streets of Portland, Oregon, shouting “F*** Donald Trump”.

Footage also emerged of activists setting tyres and rubbish bins on fire, blocking main roads and lighting flares.

People also burned an effigy of the President-elect, who will be officially sworn into office in January.

Meanwhile, a young student has reportedly been hit by an SUV and severely injured during a march in Berkeley, with one witness claiming the crash was intentional, according to NBC Bay Area…

Other protests have broken out in the San Diego, San Fransisco and San Jose areas, according to reports… A demonstration also unfolded at the University of California, Davis…

(Editor’s note: Bold added for emphasis)

Thomas Fuller added over on The New York Times website this afternoon:

From Pennsylvania to California, Oregon and Washington State, hundreds of people hit the streets, according to reports by local news media and The Associated Press…

(Editor’s note: Bold added for emphasis)

After watching TV and surfing the Internet/social media sites earlier today, it’s clear to me that a number of Hillary Clinton supporters (and “Never Trumpers”) are absolutely livid about Donald Trump’s Oval Office victory.

As such, additional- and more intense- acts of civil disobedience/unrest are certainly possible tonight and in the coming days.

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

Sources:

Mullin, Gemma. “Trump win sparks riots across US as crowds burn American flag and chant ‘Not our president.'” The Mirror. 9 Nov. 2016. (http://www.mirror.co.uk/news/world-news/trump-win-sparks-riots-across-9225317). 9 Nov. 2016.

Fuller, Thomas. “Anti-Trump Demonstrators Take to the Streets in Several U.S. Cities.” The New York Times. 9 Nov. 2016. (http://www.nytimes.com/2016/11/10/us/trump-election-protest-berkeley-oakland.html). 9 Nov. 2016.

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Young ‘Chiraqis’ Chant ‘Fuck Donald Trump’ Outside Loop Voting Location

“Chicago rap star Chance The Rapper led hundreds of crowd members from a free concert to an early voting location in the city on the night before Election Day, an effort dubbed the “Parade to the Polls” that was captured and shared on social media…”

-CNN website, November 8


“Chance The Rapper Leads Illegal March In Chicago”
YouTube Video

Ah, the young. I wonder how many of these concert-goers recognize there’s a real possibility a number of them will end up working overseas- as servants in wealthy Asian househlolds– in a few years time should America’s downward trajectory continue unchecked.

Stay classy, you rambunctious “Chiraqi” yutes. And be sure to familiarize yourself with “hegemonic cycles” as time permits.

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

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Tuesday, November 8th, 2016 Asia, Government, Political Parties No Comments
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

This Project Dedicated to St. Jude
Patron Saint of Desperate Situations



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