But the larger trends are already in place; the cycle is turning, and the bust cannot be put off forever.
Federal Reserve policy has literally set the country up for collapse, and though the central bank has been very creative in making the impossible work, and putting off disaster, nothing can hold back the flood forever.
Unfortunately, it looks like Trump may be blamed for a financial crisis that he didn’t cause. Analysts, including notably Brandon Smith, may be correct in pinpointing the attempt to use the new and highly controversial president as a scapegoat for the dirty work of the bankers.
The conditions are there, and the consequences were built in when the bubble was still being pumped up. Someday it will burst. When, how, and how bad remains to be seen.
If former Rep. Ron Paul (R-TX) is correct, an Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. That’s because, as Paul stated, the Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009.
“The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future,” Paul stated. Going so far as to intimate the financial collapse will occur at least some time in the next two years Paul wrote, “It’s unavoidable, and even Donald Trump can’t stop it.”
Paul said Trump will be the patsy for the supposed impending financial ruin. Just like everyone blamed Obama for the financial collapse in 2009, this time, “Trump will unfairly get the blame,” the former Texas representative wrote. Paul bases his comments on reports he says he’s read which concludes that within the next 18-24 months, the collapse will happen.
If you think Ron Paul’s comments hold no water, think again. As the Free Thought Projectreported last year, even the former chairmen of the Federal Reserve is predicting this crisis.
We are in very early days of a crisis which has got a way to go,” asserted Alan Greenspan to Bloomberg last year. “This is the worst period, I recall since I’ve been in public service.There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say…..I don’t know how it’s going to resolve, but there’s going to be a crisis.”
When the man who used to run the very central bank Ron Paul says is responsible for the collapse, also says there’s going to be a collapse - it’s time to pay attention.
It doesn’t take much of a trigger to push extremely large crowds of very angry protesters into committing acts of rioting and violence. And rioting and violence can ultimately lead to widespread civil unrest and calls for “revolution”. The election of Donald Trump was perhaps the single most galvanizing moment for the radical left in modern American history, and we have already seen that a single move by Trump can literally cause protests to erupt from coast to coast within 48 hours. On Friday, Trump signed an executive order that banned refugees from Syria indefinitely and that placed a 90 day ban on travel to the United States for citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. Within hours, protesters began to storm major airports, and by Sunday very large crowds were taking to the streets all over the country…
From Seattle to Newark, Houston to Boston, hundreds jammed airport terminals — lawyers, immigration advocates, ordinary citizens compelled to the front lines, many refusing to leave until those who had been detained by U.S. Customs had been freed or had obtained legal counsel.
On Sunday, the movement caught fire and demonstrations and rallies erupted in communities across the U.S. from city halls to airports to parks. In the nation’s capital, the site of the march that drew a crushing 500,000 people Jan. 21, Pennsylvania Avenue was shut down Sunday as thousands trekked from the White House to the U.S. Capitol. An energized crowd stopped outside Trump’s showcase hotel along the avenue to shake fists and chant “shame.”
Visions of violence are dancing in the heads of these very frustrated people, and they are being egged on by top members of Congress such as Chuck Schumer…
We are a nation that is deeply, deeply divided, and now this latest controversy threatens to divide us even further.
If you give anger enough fuel, eventually it leads to violence. I am certainly not suggesting that we should ever compromise on what we believe, but what I am suggesting is that there is a wise way to handle things and an unwise way to handle things.
Someday, widespread civil unrest is going to sweep across the United States and major American cities will burn.
My hope is that we can put this off for as long as possible.
In fact, I sincerely hope that this will not happen at all during the Trump/Pence era.
But you would have to be blind not to see the hate, anger and frustration that are all growing like cancer in the hearts of our young people.
This is a time for the peacemakers. If there are any left in Washington, we need them to rise up now and try to bring healing before it is too late.
Donald Tusk, the symbolic head of the EU, has described US president Donald Trump as a “threat” to Europe alongside Russia and China.
He said in an open letter on Tuesday (31 January) that “worrying declarations by the new American administration”, as well as China’s maritime assertiveness, Russian aggression, and Middle Eastern conflicts “all make our future highly unpredictable.”
“So many are becoming openly anti-European”, he said, adding: “Particularly the change in Washington puts the European Union in a difficult situation; with the new administration seeming to put into question the last 70 years of American foreign policy”.
Tusk’s letter was addressed to the 27 EU leaders who will meet in Malta on Friday to discuss what the EU should do in reaction to Brexit.
It came out one day after Guy Verhofstadt, a former Belgian PM and a leading MEP, said that Trump was a "third front undermining the European Union" alongside Russia and Islamist terrorism.
Trump, who took up office one week ago, has said he expected other member states to leave the EU and has called Nato “obsolete”.
He has also lent support to anti-EU populists such as British MEP Nigel Farage and French presidential candidate Marine Le Pen.
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