Vermont

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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Chicago-Area Unemployment Rate Rises To 9.7 Percent In July

There was good and bad news yesterday for the Chicago metro area concerning employment. First, the good. From a Thursday news release on the Illinois Department of Employment Security website concerning jobs and payrolls in July 2013:

Jobs increased in four metros and declined in eight. Largest increases: Champaign-Urbana (+2.4 percent, +2,400), Chicago-Joliet-Naperville (+1.9 percent, +69,800), and Kankakee-Bradley (+0.5 percent, +200). Industry sectors increasing in the most metros: Leisure and Hospitality (eight of 12) and Educational and Health Services (seven of 12).

69,000 more jobs in July for the Chicago area compared to a year ago. Good to hear.

And the bad? Also from that release:

July local unemployment rates fell in seven of 12 metro areas, according to preliminary data released today by the Illinois Department of Employment Security (IDES). Not seasonally adjusted data compares July 2013 to July 2012. Largest decreases: Metro East ( 1.0 point to 8.6 percent), Lake County (-0.4 to 8.4 percent) and Rockford ( 0.3 to 11.4 percent). Largest increases: Decatur (+1.9 points to 13.2 percent), Peoria (+1.4 to 9.4 percent), Danville (+1.2 to 11.8 percent) and Chicago-Joliet-Naperville (+0.3 to 9.7 percent).

The Chicagoland unemployment rate increased .3 percent last month to 9.7 percent when compared to July 2012. Not so good.

And even though local unemployment rates fell in a number of metro areas across the “Land of Lincoln” last month, when Illinois was matched up against the other 50 states, it had the second highest unemployment rate in the country- 9.2 percent– after Nevada (9.5 percent).

According to the U.S. Department of Labor, Bureau of Labor Statistics website, 8 states had an unemployment rate under 5 percent last month – Iowa (4.8 percent), Utah, Vermont, Wyoming (all 4.6 percent), Hawaii (4.5 percent), Nebraska (4.2 percent), South Dakota (3.9 percent), and North Dakota (3.0 percent)

Neighbors Wisconsin and Indiana came in at numbers 20 (6.8 percent) and 39 (8.4 percent), respectively.

You can read the entire IDES new release on their website here.

You can view the July 2012 unemployment rates for all 50 states on the BLS website here.

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

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Friday, August 23rd, 2013 Employment No Comments

States’ Response To Health Emergencies Analyzed

How prepared is your state for major health emergencies?

From a press release issued earlier today by the Trust for America’s Health (TFAH) and the Robert Wood Johnson Foundation (RWJF):

In the 10th annual Ready or Not? Protecting the Public from Diseases, Disasters, and Bioterrorism report, 35 states and Washington, D.C. scored a six or lower on 10 key indicators of public health preparedness.

The report, issued by the Trust for America’s Health (TFAH) and Robert Wood Johnson Foundation (RWJF), found that while there has been significant progress toward improving public health preparedness over the past 10 years, particularly in core capabilities, there continue to be persistent gaps in the country’s ability to respond to health emergencies, ranging from bioterrorist threats to serious disease outbreaks to extreme weather events.

In the report, Kansas and Montana scored lowest—three out of 10—and Maryland, Mississippi, North Carolina, Vermont and Wisconsin scored highest—eight out of 10…

(Editor’s note: Italics added for emphasis)

“There continue to be persistent gaps in the country’s ability to respond to health emergencies, ranging from bioterrorist threats to serious disease outbreaks to extreme weather events.”

I’m not surprised. Just one more reason preparedness makes an awful lot of sense these days.

Illinois, where I currently live, received a score of 5 out of 10 possible points in the report.

Boo!

Wisconsin, where I’m planning on moving to down the road, received 8 out of a possible 10 points (as noted in the report).

Nice.

You can read Ready or Not? in its entirety here on the RWJF website or here on the TFAH site.

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Going For Gold In Vermont

I’ve always been intrigued by prospecting for gold. Even more so now as the price per ounce is just south of $1,400. Sounds like a lot of hard work, but I’m guessing the first time I (hopefully) see that golden glitter at the bottom of my pan I’ll have caught that infamous gold fever. Anyway, while prospectors flock to popular locations out West harboring the precious metal, this past weekend the Wall Street Journal ran a video segment on MarketWatch about prospecting for gold in a not-too-obvious area of the United States.

“A 21st Century Gold Rush.. in Vermont?”
MarketWatch Video Link

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Tuesday, December 21st, 2010 Precious Metals No Comments
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

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