By: Todd Wheatley

ECONOMIC COLLAPSE
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ECONOMIC APOCALYPSE 2020

More economic stupidity on behalf of the president - granted, this is a slow moving train wreck - but it keeps moving thanks to Donald Trump. Still, it's not just him. The wider problem comes from the financial instability started during the Great Recession. The efforts to fix the banking system averted that crisis. Now another stands ready to take its place. It seems that the winding road taken by the U.S. and the global economy has circled back. Once again we are standing on the precipice of economic ruin.

Even though the European Debit Crisis abated by 2016, recent actions taken by the European Central Bank noted in a Yahoo financial article (8-23-19 : the rise of NEGATIVE INTEREST on European bonds) shows cause for concern. If it weren't enough for the tricky train conductor moving us closer to the edge. We have Donald Trump with arms out and pushing hard. With one poor economic decision after another the president continues to advance his doomsday agenda. Today (9-11-19) he inexplicably called on the Fed to issue NEGATIVE INTEREST RATES for the United States.

Anyone remember March 2001 or October 2008? During those years, like today, the financial system and the economy was peaches & cream ; then KA BOOOOM !!! It's one thing to get ahead of a slow down, even one that you started, than to totally derail the system. Ironically the ones yelling the loudest about President Obama's economic policies are leading the charge to financial calamity.

Ten years ago President Obama's maximum deficit was $1.4 trillion after inheriting the worse financial crisis since the Great Depression and two full-scale wars. Today Donald Trump presides over a U.S. government deficit that will surpass a trillion dollars with one of the strongest economies in decades (thanks in large part to the Obama Administration). Not to mention a stable war footing after President Obama ended the war in Iraq, and substantially ended the war in Afghanistan.

Trump's trash talk and birther movement belie the facts of his transition to power over that of President Obama. It's truly amazing that some people think of Donald Trump as some kind of financial genius. Trump was the son of an ultra rich New York developer who somehow managed to stay rich despite some EXTREME failures including Trump Airlines. It was reported in the New York times (10-3-16 Donald Trump's Business Decisions in '80s Nearly Led Him to Ruin) that Donald Trump blew through his fathers inheritance and tons of investor capital before somehow obtaining his fortune. Now he's blown everything he inherited from the Obama Administration and our tax dollars as well.

WTF !! While it would be preferable to vote every Republican out of office for supporting the whims and economic lunacy of Donald Trump, the Democrats shouldn't be given a free pass. It would be nice, however, if politics were the only problem. Unfortunately there are some fundamental flaws in our economic system as addressed recently (8-19-19) at the "Business Roundtable" of leading CEOs. The joint statement issued by the top 200 CEOs broke with the long standing maxim of producing SHAREHOLDER VALUE. Instead they agreed that issues like environmental protection, investing in employees, and other STAKEHOLDER values should also be considered. These "feel good" items would be a great start ... if ... they could be implemented. Though it still does nothing to address cut-throat monopolistic competition or championing public good (like affordable health care) over corporate profits.

A 10 minute MOVE UP ... When our options (on all fronts) are limited to horrible or terrible the outcome seems obvious. Buy your tools now. Make sure everything works and be ready when the SHTF.

edited 09-11-19

APOCALYPSE CLOCK - SETTINGS

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