Economic Experts Are Warning of a Looming Financial Crisis But No One Wants to Listen
by Daisy Luther
TheOrganicPrepper.com
March 5, 2018
Recently, a lot of signs have been pointing to a financial crisis the likes of the Great Depression hurtling toward us, but no one wants to heed these warnings.
This weekend, I wrote about the continuing retail apocalypse, with thousands more brick and mortar stores slated to close down this year, taking tens of thousands of jobs with them. Quite a few people scoffed at my concern, feeling that a few retail jobs weren’t a sign of pending doom.
But I’m not alone in my apprehension. Not by a long shot.
Don’t expect the naysayers to agree anytime soon. It’s much more comfortable to believe that our economy has greatly improved under President Trump when in reality, we are already headed down the road to crisis without any brakes. Back when Trump was elected, Brandon Smith of Alt-Market warned:
I have been warning since long before the election that Trump’s presidency would be the perfect vehicle for central banks and international financiers to divert blame for the economic crisis that would inevitably explode once the Fed moved firmly into interest rate hikes. Every indication since my initial prediction shows that this is the case.
The media was building the foundation of the narrative from the moment Trump won the election. Bloomberg was quick to publish its rather hilariously skewed propaganda on the matter, asserting that Trump was lucky to inherit an economy in ascendance and recovery because of the fiscal ingenuity of Barack Obama. This is of course utter nonsense. Obama and the Fed have created a zombie economy rotting from the inside out, nothing more. But, as Bloomberg noted rightly, any downturn within the system will indeed be blamed on the Trump administration.
Fortune Magazine, adding to the narrative, outlined the view that the initial stock rally surrounding Trump’s election win was merely setting the stage for a surprise market crash.
I continue to go one further than the mainstream media and say that the Trump administration is a giant cement shoe designed (deliberately) to drag conservatives and conservative principles down into the abyss as we are blamed by association for the financial calamity that will occur on Trump’s watch…
…Every single stock decline from now on, as well as the ultimate economic crash, which will become visible to the public in short order, will be blamed on Donald Trump and conservatives by extension. As I said, he is the perfect scapegoat. (source)
It certainly makes sense from an establishment point of view to blame a financial disaster on a populist movement, particularly if they want to the American people to beg for a Socialist government. After all, then they’re just giving the people what they want, right?
But Smith isn’t the only person ringing the warning bell.
James Kunstler has been warning us for years, too.
James Howard Kunstler is a journalist, author, social critic, and blogger. He has written about the dangers of declining oil production, urbanism, and local economies. He’s been called a fearmonger and a grim extremist, but is that a case of people who are in denial?
He recently warned of something much darker coming our way and recommended that we “enjoy the last few weeks of relative normality.” Here’s how he sees the trouble going down.
The Rest…HERE
