young Americans

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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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

SP Intel Report- November 11, 2015

Chicagoland

Moody’s Predicts Chicago’s Unfunded Pension Liabilities Could Grow For At Least Another Decade

Regrettably, the City of Chicago’s pension crisis is far from being resolved. From a press release out of Moody’s Global Credit Research division Tuesday:

New York, November 10, 2015 — Today, Moody’s Investors Service released a scenario analysis of the City of Chicago’s (Ba1 negative) possible pension funding paths. The scenarios incorporate the city’s recently adopted property tax increase as well as the outcomes of two key decisions pending with the State of Illinois (Baa1 negative) and the Illinois Supreme Court. The analysis indicates that, despite significantly increasing its contributions to its pension plans, Chicago’s unfunded pension liabilities could grow, at a minimum, for another ten years.

“Chicago’s statutory pension contributions will remain insufficient to arrest growth in unfunded pension liabilities for many years under each scenario,” Moody’s AVP-Analyst Matthew Butler says in the new report, “Chicago’s Pension Roadmap: A Scenario Analysis.”

(Editor’s note: Bold added for empashis)

You can read the entire press release on Moody’s website here.

National

U.S. Adults Over 30 Are Less Happy Than Their Predecessors

I spotted the following yesterday on the MarketWatch website. Catey Hill reported Monday night:

It all goes downhill after 30 — at least when it comes to happiness.

“Adults over 30 are less happy than their predecessors,” concludes a study published online Thursday in the journal Social Psychology and Personality Science, which examined happiness data from more than 50,000 adults, gleaned from the General Social Survey, carried out by NORC at the University of Chicago, a nonpartisan, independent research organization, which has collected information about American adults since 1972.

From 2010 to 2014, adults over 30 had an average happiness score of just 2.18, compared with 2.24 a decade ago. That’s significant considering happiness scores were measured on a tiny scale from just 1 to 3, with 1 being “not too happy” and 3 being “very happy.” (The data used five-year cohort periods so that single year fluctuations were smoothed out.)

(Editor’s note: Bold added for emphasis)

A graph within the article depicted happiness scores by age over time. Something stood out right away for me looking at the measure for the “30 or older” crowd. Happiness scores rose from around 1993 until 2001- then plummeted ever since. In 1993, I remember older classmates of mine at the University of Illinois at Urbana-Champaign saying the job market was pretty rough (but better than recent years where graduate school was a popular option). Lots of bad economic news as well back in 2001. Hill added later:

What’s perhaps even more interesting is that, for the first time ever, adults ages 18 to 29 were happier than adults over 30

(Editor’s note: Bold added for emphasis)

The authors weren’t sure why “younger adults are happier than older ones for the first time in at least 40 years.” I’d like to offer up one possible explanation for some in that demographic:


“Cartman sends his mother to the store”
YouTube Video

In all seriousness, I come across a lot of miserable stuff on a daily basis while conducting research for this blog and other projects. I try to keep upbeat by remembering:

1. While I still see a financial crash in store for us, I don’t envision the end of the world taking place. Although it could be the end of the world as we know it (TEOTWAWKI).
2. Life ain’t fair. Nobody’s perfect. Just do the best you can.
3. God’s got my back. And I’ll try to be the best Christian I can.

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

Source:

Hill, Catey. “Americans over 30 are more miserable than they’ve ever been.” MarketWatch. 9 Nov. 2015. (http://www.marketwatch.com/story/americans-over-30-are-more-miserable-than-theyve-ever-been-2015-11-09). 11 Nov. 2015.

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Quote For The Week

“I hate everything about this country. Like, I hate fat white Americans. All the people who are crunched into the middle of America, the real fat and meat of America, are these racist conservative white people who live on their farms. Those little teenage girls who work at Kmart and have a racist grandma- that’s really America.”

-African-American rapper Azealia Banks, in an interview with Playboy for their April 2015 issue

(Editor’s note: Ms. Banks indicated elsewhere in the exchange that, “As long as I have my money, I’m getting the fuck out of here and I’m gonna leave y’all to your own devices.” How about staying and putting some of that wealth to work fighting true racial injustice? Not that crap seized upon by race agitators these days.)

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

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Sunday, March 22nd, 2015 Demographics, Quote For The Week, Racism No Comments

Wilding At Chicago’s Navy Pier Winter WonderFest?

Regarding Friday night’s brawls at Chicago’s Navy Pier Winter WonderfestI wondered if wilding wasn’t also going on in the area. After all, news cameras showed throngs of youths festering outside the venue after the event was shut down. I got a better idea of what took place at the popular tourist destination while reading my Sunday paper at breakfast. Tucked away on page 12 of the Chicago Tribune, Rosemary Regina Sobol wrote:

Two teenage brothers, ages 13 and 16, are recovering at home Saturday after being beaten and robbed during one of several Friday night disturbances related to Navy Pier’s Winter WonderFest…

The brothers were walking to Navy Pier when they were confronted by 10 to 15 males, according to a police report. The offenders began beating the victims about the head and body, according to the report, fleeing with an iPhone from the 16-year-old and $30 from the 13-year-old…

(Editor’s note: Bold added for emphasis)

The folks over at Second City Cop added yesterday:

A number of strong arm robberies reported during the melee.

Lots of teens creating chaos. Reports of robberies. Multiple attackers. Apple picking. Could very well be wilding that went down in and around Navy Pier the other night.

Something tells me this type of criminal activity isn’t going away anytime soon in the “Windy City.” And it looks like it could happen at any time of the year now. So use your head before going downtown. Before it’s impaled with a chair leg…


Alleged Video Of Rock N’ Roll McDonalds After Navy Pier Closed
YouTube Video

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

Sources:

Sobol, Rosemary Regina. “2 boys recovering after robbery near Navy Pier.” Chicago Tribune. 28 Dec. 2014.

SCC. “December Wilding (Update).” Second City Cop. 27 Dec. 2014. (http://secondcitycop.blogspot.com/2014/12/december-wilding.html). 28 Dec. 2014.

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Sunday, December 28th, 2014 Crime, Public Safety, Self-Defense No Comments

‘Multiple Fights’ Close Chicago’s Navy Pier And Winter WonderFest

Just saw the 10 PM news broadcast on Chicago’s Channel 7. Looks like the area’s feral kids were out enjoying the nice weather tonight- and stirring up trouble. According to the ABC affiliate’s website:

A brawl broke out at Navy Pier’s Winter Wonderfest on Chicago’s lakefront Friday night, with at least one person taken to a local hospital.

Police are offering few details, but witnesses described complete pandemonium around 8 p.m. before police and security told everyone Navy Pier was closed.

Witnesses said there were multiple fights breaking out among multiple groups of teenagers and then people started running for the exits…

(Editor’s note: Bold added for emphasis)


“Brawl at Navy Pier”
Channel 7 Video

According to the latest reports coming in from the various Chicago news outlets covering this breaking story, as many as 200 individuals may have been involved in the fracas.

Several have been arrested, and one juvenile has been hospitalized.

It’s one thing when this nonsense is taking place on downtown streets.

But it’s another when the actions of these youths actually close down a major tourist venue like Navy Pier and an event like Winter WonderFest, billed as “Chicago’s biggest and best indoor winter playground.”

Like I wrote on this blog back on May 4, 2011:

If City Hall “loses” downtown to the bad guys- or, in this case, bad boys and girls- you lose the tourists, their money, revenue… you get the point.

You listenin’ Rahm?

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

Source:

“Brawl Breaks Out At Navy Pier’s WonderFest.” Channel 7. 26 Dec. 2014. (http://abc7chicago.com/news/brawl-breaks-out-at-navy-piers-wonderfest/452065/). 26 Dec. 2014.

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Friday, December 26th, 2014 Crime, Government, Public Safety No Comments

Marc Faber: Young Americans Will Earn Less, Have Less Wealth Than Their Parents

I wrote on Survival And Prosperity a couple years ago:

Back in 2006 when I was working at a suburban fire department, a battalion chief came into my office, saw the local paper on my desk, and asked, “Did you read that piece about how kids these days might be the first generation who won’t be better off than their parents?” I replied, “Yeah, it was depressing.” The fire officer confided, “That stuff scares me. I’m worried they might be right about that.” I’d be concerned too, especially if I were the parent of a couple of young kids like this chief was.

Fast forward almost nine years after that discussion took place. Swiss-born investment advisor/money manager Marc Faber was interviewed by Barron’s last week. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report talked with editor Jack Otter about a number of financial topics, including how younger people in Western societies will be less well-off than their parents. From their exchange:

OTTER: You always find new ways to depress me. And today you told me that for the first time in 200 years of history, we will bequeath to our children less wealth than their parents had.
FABER: Yes. I meant that with respect to Western societies and Japan, where essentially the younger people, today’s generation, will earn less than their parents. And they will have less wealth than their parents, inflation-adjusted, because we will have wealth taxes, we’ll have more estate taxes, and we have essentially declining real median incomes in the Western world and Japan. But the good news is that we have essentially have in the countries that opened up post-breakdown of the socialist, communist ideology- China, Soviet Union, Eastern Europe, and so forth, and India, of course- we have entire generations that will earn much more and have a much better standard of living than their parents had.

On India, “Doctor Doom”- as the financial media likes to call him- thinks that India’s stock market could rise by 15 percent in 2015.


“Dr. Doom Offers 2 Stocks Picks, But Gloomy Outlook”
Barron’s Video

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 presented herein.)

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Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

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