The Hostile Takeover of Trump, the Economic Crisis, and the Return of HRC
The Hostile Takeover of Trump, the Economic Crisis, and the Return of HRC by Daisy Luther
This Week in the News
Sometimes I’d swear House of Cards is actually a documentary. Every week, the soap opera in Washington, DC reaches a new pitch. There is basically no downtime from the manipulations, the end runs, and the drama. The issue is, it’s not a television show. It gets a lot less entertaining when you realize that all of this stuff directly affects us.
This week, we’ll talk about a looming financial catastrophe that is almost upon us, the return of Hillary Clinton, and the constant attempts to unseat Donald Trump from the White House.
How about a recession, a housing crisis, and a stock market crash in the midst of a government shutdown?
Talk about a perfect storm. This week has set us up for economic catastrophe.
- So, first, the deadline to raise the debt ceiling and put a new budget into place has come and gone with no new budget. (That was on the 15th.)
- A government shutdown appears imminent. (Which, in all honesty, doesn’t bother me that much.)
- Trump no longer seems interested in capping the national debt – and fiscal responsibility was a cornerstone of his campaign. (source)
- The Federal Reserve met last week and raised interest rates for the second time in 3 months, making it much more difficult for people to borrow money for homes or cars. This will slow the economy substantially. (source)
- The Fed seems ready to sacrifice itself for the banks. Let’s be perfectly clear: the only winner in this economic war is the big banks. The rest of us will get screwed six ways to Sunday, Trump will be blamed, and we’ll lose our dollar’s world reserve status. (source)
If you recall, the Obama administration suspended the debt ceiling until it was no longer Obama’s problem – March 15, 2017. Now we are at an economic crisis point. This quote from Brandon Smith of Alt-Market sums it all up and ties it with a bow.
“The Fed is raising rates into the first year of the Trump presidency leaving equities increasingly open to destabilization. In addition, the government might not be able to continue borrowing from them, or there will be a renewed extension but the costs of borrowing will run much higher. In either case, this month seems to pronounce the beginning of something; a considerable move away from the standard operating procedures that the elites have been using for the past several years.”(source)
People with variable mortgages will be hard hit, and you can expect to see massive foreclosures. People who want to buy or sell homes won’t be able to, and the retail apocalypse will accelerate. Oh – and did I mention that a lot of folks in the know are predicting an impending trade war with China?
If you’re prepping for anything, it should be for an economic crisis the likes of which we have not seen in our lifetimes. Don’t wait for one big, earth-shattering event. We should take notes from the situations we’ve witnessed in Venezuela and Greece. It’s most likely that it will present itself as a series of personal economic crises that, when combined together, will combine to form an ugly situation across our country.
Welp, we haven’t seen the last of Hillary Clinton.
It appears that the losing presidential candidate has finished licking her wounds. Just like the bad guy you think is dead in a horror movie, she’s rising up behind you just once you thought the world was safe again.
During a St. Patrick’s Day speech in Pennsylvania, she announced she is ready to “come out of the woods.” According to a report by The New York Times, she spoke before dinner was served. (That was a questionable decision.) She concluded her speech with:
“I’m like a lot of my friends right now. I have a hard time watching the news, I’ll confess. I am ready to come out of the woods and to help shine a light on what is already happening around kitchen tables, at dinners like this.”
How will she make her return? She’s contemplating a run for the Mayor of New York City, which gives me Nanny Bloomberg, large-soda-pop flashbacks. (When we were on our road trip around the country, we were flatly denied Trenti Double Espresso frappuccinos in New York, despite our dire need for as much caffeine and sugar as we could pump into our bodies at one sitting.)