| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”
In light of yesterday’s Wisconsin primary where Donald Trump has made several “controversial” remarks about the economy, in the podcast below Peter Schiff applauds Trump for his honesty about the economy. Here’s the thing, Donald Trump hasn’t said the United States going into a stage of “slow growth,” an “economic downturn,” or even a “recession…” Trump has gone on record multiple times saying that the U.S. is on course for a “very massive recession,” or what Peter Schiff likes to refer to as the coming “Great, Great, Great, Great Recession!”
The insanity of it all, is that the mainstream media is so in bed with the Democrats and their socialist agenda, they absolutely refuse to report anything resembling the full truth. They may not always outright lie about current conditions (although they frequently do), through their acts of omission they are MASSIVELY deceiving the American public into thinking the economy isn’t that bad.
In toady’s earlier post titled, Time to Face the Awful Reality: Financial Armageddon Is Imminent (Videos), you were given outright proof that the media is engaged in a horribly deceptive distortion of the truth, and the case is made for how millions of lives are being risked in the process. That’s not my opinion, that is fact. Where has there ever been massive economic failure that hasn’t lead to death?
SUBSCRIBE TO THE TOP STORIES OF THE WEEK IN THE NEWSLETTER HERE
FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLER
In the podcast below, Peter expounds on what he refers to as the “gruesome economic forecast” predicted by Trump, and how what lays ahead for the American economy is in NO WAY the “garden variety recession.” Peter has said it before, as have others like Dr. Jim Willie and Michael Snyder: The US Dollar is headed for collapse, and it will be SO BAD, the US Dollar collapse will be the single biggest event in human history. Never before has a global reserve currency collapsed.
Immediately below are just a few of the most crucial posts with incredibly valuable information to help people prepare, and following the Peter Schiff podcast Michael Snyder breaks down 19 facts any American can look to as PROOF the media is lying, and America is worse off now that even just six months ago!
NEW: THE FOLLOWING TWO POSTS FEATURE BOTH PETER SCHIFF AND DR. JIM WILLIE:
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Peter Schiff and Dr. Jim Willie Warn Investors About Timing Fed Market Rally
ALSO DON’T MISS:
Jim Willie and How the Loss of the US Dollar as Reserve Currency Affects You Personally
Jim Willie: Americans Are Destitute Now, Wait Until The US Dollar Collapses
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says (Video)
SUBSCRIBE TO THE TOP STORIES OF THE WEEK IN THE NEWSLETTER HERE
FOR MORE NEWS BY VOICE OF REASON CLICK HERE!
Has the U.S. economy gotten better over the past six months or has it gotten worse? In this article, you will find solid proof that the U.S. economy has continued to get worse over the past six months. Unfortunately, most people seem to think that since the stock market has rebounded significantly in recent weeks that everything must be okay, but of course that is not true at all. If you look at a chart of the Dow, a very ominous head and shoulders pattern is forming, and all of the economic fundamentals are screaming that big trouble is ahead. When Donald Trump told the Washington Post that we are heading for a “very massive recession“, he wasn’t just making stuff up. We are already seeing lots of things happen that never take place outside of a recession, and the U.S. economy has already been sliding downhill fairly rapidly over the past several months. With all that being said, the following are 19 facts that prove things in America are worse than they were six months ago…
#1 U.S. factory orders have now declined on a year over year basis for 16 months in a row. As Zero Hedge has noted, in the post-World War II era this has never happened outside of a recession…
In 60 years, the US economy has not suffered a 16-month continuous YoY drop in Factory orders without being in recession. Moments ago the Department of Commerce confirmed that this is precisely what the US economy did, when factory orders not only dropped for the 16th consecutive month Y/Y, after declining 1.7% from last month
#2 Factory orders have now reached the lowest level that we have seen since the summer of 2011.
#3 It is being projected that corporate earnings will be down 8.5 percent for the first quarter of 2016 compared to one year ago. This will be the fourth quarter in a row that we have seen year over year declines, and the last time that happened was during the last recession.
#4 Total business sales have fallen 5 percent since the peak in mid-2014.
#5 S&P 500 earnings have now fallen a total of 18.5 percent from their peak in late 2014.
#6 Corporate debt defaults have soared to the highest level that we have seen since 2009.
#7 The average rating on U.S. corporate debt has fallen to “BB”, which is lower than it has been at any point since the last financial crisis.
#8 The U.S. oil rig count just hit a 41 year low.
#9 51 oil and gas drillers in North America have filed for bankruptcy since the beginning of last year, and according to CNN we could be on the verge of seeing the biggest one yet…
Shale oil driller SandRidge Energy (SD) warned there was “substantial doubt” it would survive the oil downturn. The Oklahoma City company said this week it is exploring a potential Chapter 11 bankruptcy filing.
Based on its $3.6 billion of debt, SandRidge would be the biggest North American oil-focused company to go bust during the current downturn, according to a CNNMoney analysis of stats compiled by law firm Haynes and Boone.
FOR MORE NEWS BY VOICE OF REASON CLICK HERE!
#10 According to Challenger, Gray & Christmas, job cut announcements by major firms in the United States were up 32 percent during the first quarter of 2016 compared to the first quarter of 2015.
#11 Consumers in the United States accumulated more new credit card debt during the 4th quarter of 2015 than they did during the entire years of 2009, 2010 and 2011 combined.
#12 Existing home sales in the U.S. were down 7.1 percent during the month of February, and this was the biggest decline that we have witnessed in six years.
#13 Subprime auto loan delinquencies have hit their highest level since the last recession.
#14 The Restaurant Performance Index in the U.S. recently dropped to the lowest level that we have seen since 2008.
#15 Major retailers all over the country are shutting down hundreds of stores as the “retail apocalypse” accelerates.
#16 If you take the number of working age Americans that are officially unemployed (8.1 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (93.9 million), that gives us a grand total of 102 million working age Americans that do not have a job right now
#17 Since peaking during the 3rd quarter of 2014, U.S. exports of goods and services have been steadily declining. This is something that we never see outside of a recession…
#18 The cost of everything related to medical care just continues to skyrocket even though our wages are stagnating. According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year, and yet the cost of medical care just hit a brand new all-time high…
#19 Our government debt continues to spiral out of control. At this point it is sitting at a staggering total of $19,218,516,838,306.52, but when Barack Obama first entered the White House it was only 10.6 trillion dollars. That means that our government has been stealing an average of more than 100 million dollars an hour from future generations of Americans every single hour of every single day since Barack Obama was inaugurated…
How in the world can anyone look at those numbers and suggest that everything is okay?
I simply do not understand how that could be possible.
Part of the problem is that Americans have been trained to be irrationally optimistic. It is fine to have an optimistic outlook on life, but when it causes you to throw logic and reason out the window that is not good.
For example, you can be “optimistic” about your ability to fly all you want, but if you step off a 10 story building you are going to take a very hard fall to the ground.
Similarly, you can ignore all of the facts and pretend that our economic prosperity is sustainable all you want, but it won’t change the fundamental laws of economics.
On a personal note, I would like to thank everyone that has helped make my new book the #1 new release in Christian eschatology on Amazon.com. I understand that a lot of my secular readers are not going to understand my fascination with Bible prophecy, and that is okay. I felt that I needed to write this book to address some very serious errors that are being taught in churches all over America today, and I also wanted to inspire believers to face the great hardships and persecution that are coming.
Just because very difficult times are approaching does not mean that it will be time to run and hide. My wife and I always live our lives with no fear, and when things get crazy we believe that it will be an opportunity to do even more good. We believe that the greatest chapters of our lives are still ahead of us, and we want people to understand why they can look forward to the future even though great darkness is rising all around us.
So yes, I definitely carry a message of warning.
But I also bring a message of hope.
As we look toward the future, there is much to be concerned about, but there are also things happening that are worth getting extremely excited about.
It is when times are the darkest that the light is needed the most, and very soon light will be greatly, greatly needed in the United States of America.
SUBSCRIBE TO THE TOP STORIES OF THE WEEK IN THE NEWSLETTER HERE
FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLER
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: Expect More US Voter Fraud as US Debt Problem Looms
Jim Willie: Chinese Replace US Swift Banking System, Hastening US Dollar Collapse
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Jim Willie: Putin, the Gulf Emirates, Iran, and Saudi Arabia Plan Death of US Dollar
Dr. Jim Willie: We’re in the Bottom of the 9th; The US Dollar is Dying (2/28)
Dr. Jim Willie: Economic Collapse is On Our Doorstep
Jim Willie: “The Quickening” is Approaching Global Economic Markets
Dr. Jim Willie and How To Simplify Your Finances To Survive Economic Collapse
Jim Willie: Global Banking Cabal and Their Satanic Rules Are Ready to Strike
Jim Willie: Both Our Allies and the American People Absolutely Hate Our Government
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
Jim Willie: Armageddon Coming to U.S. With Trillions Exposed In Derivatives
Jim Willie, the Crumbling Global Economy, and the Dollar Crisis
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: “China is Bleeding It’s Secret Account. Time to Panic!”
Peter Schiff: Newest Recession Hiding in Plain View; American Dream Is Dead
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff: Take a Good Look at the “New” American Dream!
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
| THE VOICE OF REASON: | |
| Facebook: | https://www.facebook.com/LastGreatStand |
| Google + | https://plus.google.com/+Thelastgreatstandconspirator/posts |
| https://twitter.com/#!/LastGreatStand | |
| Seen.Life | http://www.seen.life/profile/21900069-voice-of-reason |
| Grassfire | http://grassfire.com/users/voiceofreason/profile/ |
| Tea Party Community | https://www.teapartycommunity.com/profile-151600/ |
| Right.IS | http://right.is/contributor/pages/351/169/bio.html |
FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLER
DONATIONS ACCEPTED VIA PAYPAL TO GET THE RADIO SHOW RUNNING…
AND THEN TO HELP KEEP SPREADING THE MESSAGE!
COMING SOON TO INTERNET RADIO!
STAY TUNED!
FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLER
well-sobs that used credit cards–have more debt than us gov–yor gonna get the beatin you deserve–car loans default is thru the roof-get ready–it is all falling apart–all the big cities will be riot zones–hell on earth
Well, the US public didn’t listen to Ross Perot when he warned them on those GREAT trade deals NAFTA and the likes and the giant sucking sounds. What makes you think they will listen to Donald Trump? Now they have The Donald and Cruz in a delegate fight and it is very likely that neither will have enough delegates to take the primary nomination. The end result will be another Republican entity that the elite can control due to a brokered convention. LOL the stupid US public will have been duped yet again.
I was on the Trump bandwagon ever since he mentioned going after the perpetrators of 911 but then changed tune when he started spouting off that he is more loyal to Israel than United States in his AIPAC and Wisconsin Rally speeches.
Red Flag Warning Signs.
Whatever happens, my trust is in the Lord. I know how the story will end. This satanic NWO will run our world economy into the ground in an attempt to usher in a world governance and world currency.
Regardless, I will sing praised to my Lord.
http://www.mindfulofthetruth.wordpress.com
Schiff is like a drunken sailor throwing punches wildly. Eventually he’s going to hit something.
Schiff has cried the sky is falling for 20 years. Each time he’s wrong he adjusts it and says that his prediction hasn’t come true yet.
Has he mentioned the great success in California? Half the water is back in the reservoirs after only one winter of rain/snow. The technology companies are booming in California, real estate is one the most desirable places in the nation. And that’s just California.
Anyone can look at the worst scenario. But Americans look at what they can do to solve a problem.
Schiff is Canadian, and like a Canadian, raised under socialistic government, which monitors everything and eliminates freedom to choose in many things, so Schiff repeats the canadian anthem, “The sky is falling, let the ‘authorities solve the problem!”. So Schiff is trying to be THE Authority on what is coming. He’s almost always wrong.
Once again Trump says what other people are only thinking. There is substantial evidence to suggest that there’s a major market crash on the horizon.
Have a look at this chart: https://traderschoice.net/images/4c2f4ccec40218e5a47f5bb138b297b4.png
And the crash has been predicted YEARS AGO, because the US government’s response to the ’08 crash VIRTUALLY GUARANTEED A MUCH WORSE CRISIS IN THE FUTURE. Here’s proof of that: https://www.youtube.com/watch?v=4ECi6WJpbzE