Oh, Shit!

Expert: Has The Next Financial Crisis Already Begun?

by Weiss Ratings 

The early stages of what will be the most severe and painful financial crisis in U.S. history is now underway.

That’s according to a top analyst with The Edelson Institute — the financial think-tank with a remarkably accurate track record for calling major economic shifts.

They called the gold rally in 1999 (before the metal soared 533%) and the top of the gold market in September of 2011.

They also called the stock market crash in 1987 as well as the real estate crash in 2007.

Their secret to spotting major reversals ahead of the crowd is a proven system that was developed by a little-known presidential advisor after the Great Depression. It has since predicted every major market move for the last 50 years with incredible accuracy.

And today it’s foreshadowing one of the worst financial crises we’ve ever seen. The Dow’s recent 2,000-point plunge was just a taste of what lies ahead.

See the proof for yourself.

No fewer than three of the most powerful economic waves in existence are now converging in a way that hasn’t been seen since 1929.

And they are warning of a great unraveling that is about to explode into the headlines.

Cycle #1 shows that businesses will hoard cash ... create fewer jobs ... and stop reinvesting in business growth. And by doing so, will help drag the economy to a near-standstill.

Cycle #2 indicates that consumers, shaken by weak job growth and plunging household income will pull back too, leading to slower business formation and slower inventory turnover.

Cycle #3—which predicted both the Great Depression and the 2008 Great Recession—shows a coming period of massive economic pain including an ever-weaker economy, chronic unemployment, soaring interest rates, massive defaults on public and private debt and more.

Sound familiar? It should, because the evidence is clear that we have already entered the early stages of these unstoppable cycles.

RECOMMENDED: Find out the date this “Supercycle” will hit the U.S.

Our government, our economy and our way of life are living on borrowed time. For most, the changes will be catastrophic.

Only those who prepare now will have a prayer of protecting their loved ones, let alone preserving their wealth or their quality of life.

The very first step is to see these cycles—the most powerful forces in the economic universe—for yourself. So we’ve just posted a special briefing gives you the full story.

You will get a detailed explanation of how they work, and see for yourself the data that shows the coming collapse. Plus, you will discover the simple, practical steps you can take now to get your family and your finances through the crisis ahead.

You can get immediate access to this important research free of charge here.

Behind Trump's Shit!

Financial definitions.

Financial Meltdown: The Ripples before the Next Bubble. U.S. National Debt tops $21 Trillion

[Republicans railed against the national debt level under the Obama administration, when it jumped from $10.6 trillion to $19.9 trillion, nearly doubling]

“the national debt surpassed $21 trillion this week, according to the U.S. Treasury.

The landmark comes shortly after Congress passed, and Mr. Trump signed, a suspension on the federal debt limit last month, allowing the government to borrow an unlimited amount of money until March 1, 2019.

When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.”
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“The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.” from Michael Scipio (not sure of authorship) 


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the Alphas

What a complex subject.

I think Americans believe in war, and resist  the inevitability of consequences with stoic determination. The price of war is the cost of freedom in the vernacular of a mentality that believes constant conquest is business linked to the right of killing and dominating in God's name. I know what 'freedom' means to white Americans. It is different for those conquered. For us freedom is none of the sayings thrown about. The contradictions are glaringly obvious, but speaking against those contradictions falls on deaf years and is heard as heresy, or worse anti-American!...

Peace will never settle here in the U.S.. It is too foreign a concept for a nation, a people used to killing and fighting others... - Gregory E. Woods, Keeper of Stories 2/8/18

Terror is the things we fear, the things we know lurk in the dark.

"Should homeless vets receive government housing before refugees?" is like a Tet offensive thrown into the face of the lives of people in deep need. 

It is not a fair question. It is more of a challenge engineered to stir up two divisive elements: burning resentment towards one, and the spirit of dictatorial patriotism in another! The history behind the two are from different dark places in the belief structure of this country! The two have to be studied closely by citizens instead of citizens leaping on angry band wagons to fight each other! The attitudes governing the government's policies upon examination are shameful!

There is a lot of responsibility being a global citizen, and an American citizen. The two are one! None of us can afford to wade into complex issues with glibness and allegiance to being ignorant of what the rest of the world already understands!

- Gregory E. Woods, Keeper of Stories

"and the complexity of the above mention issues requires serious long range grasp of more than one, or two issues!"

flag & the Black woman is a study unto itself.

www.ShadesGifts.com

"I am American as far as my thinking about what patriotism means in the context of being African and American. I am not white and the flag therefore signifies the cross of the Klan, and the killing of my people." this woman seems to be saying without saying! She is telling it like it is! - Gregory E. Woods, Keeper of Stories 9/5/17 

AMERICAN businesses Be Aware

New tax rule could destroy millions of high-paying jobs

CNBC
Jay Timmons, Nancy McLernon
July 18, 2016


Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.


For decades, policymakers in Washington have failed to keep our tax system competitive. In an era when the world is now offering the equivalent of 4G connected touchscreen tablets, the U.S. tax code looks a lot like a green-screened, floppy-drive computer from the 1980s. In dire need of an update, the U.S. tax system is dimming the advantages of operating a business in the United States. Sadly, instead of doing what it can to help make the U.S. tax system more competitive, the U.S. Treasury Department has introduced massive new regulations that would negatively impact the livelihoods of millions of U.S. workers


In what was billed as a way to curb a small sliver of cross-border mergers (sometimes called "inversions"), Treasury officials would like to impose new regulations that make the tax code more complex and give even more power to the IRS. These sweeping regulations are part of Section 385 of the IRS tax code and they have little to do with these mergers, but they will certainly raise the cost of capital and further disincentivize job creation.
The proposal gives the government broad authority to convert a company's related-party debt in common business transactions into equity, thereby increasing taxes, interfering with normal business operations and imposing new costs on businesses in the United States. This authority would not just apply to companies looking to conduct cross-border mergers, but all U.S. companies as well as global companies looking to invest in the United States


It sounds complex, but you can think about it this way: A first-time homebuyer relies on a home mortgage to finance her dreams. The ability to deduct the interest she pays on the loan helps make the purchase feasible. If Treasury's new rules applied to homeowners, years after the purchase of the home, the IRS could arbitrarily declare that because she used part of her income to buy gifts for her children on their birthdays instead of devoting those resources to reducing her home loan, the interest paid on her mortgage is no longer deductible. She is now responsible for paying hefty additional taxes.


If employers use revenue for purposes, such as paying a dividend, instead of paying off their existing loan, the proposed changes would allow the IRS to reclassify the outstanding debt as equity, thereby increasing the employer's tax burden.


Unsurprisingly, then, the business community has significant concerns with Treasury's proposed actions. Just as families would struggle to rearrange their lives, companies also face similar challenges if their planning and budgeting are suddenly upended. To comply with the new rules, many employers will be forced to spend resources on additional taxes and compliance costs that could otherwise go toward investment and job creation.


As leaders of two organizations deeply connected to America's manufacturing sector, we've been flooded with concerns over Treasury's actions. Manufacturers know what these rules mean, the job losses working Americans will suffer and the investment we will lose to other countries, if the rules go forward.


And there's a lot at risk: millions of high-quality manufacturing jobs.


We can't afford a mistake this large. The regulations create uncertainty for employers interested in expanding and creating jobs and will push companies to defer further investment into their U.S. operations. In other words, these regulations will increase the cost of capital, diminish America's ability to attract global investment, stall job creation and further dampen U.S. economic growth. The compliance cost of these new regulations could mean millions of dollars are diverted from future investment and expansions.


These rules also make life more onerous for businesses. They are unclear, often ambiguous and have a retroactive effective date of April 4, 2016. The government also reserves the right to go back through a company's books three years after the fact. Despite the fact that these are the most wide-ranging regulations proposed in the past 20 years, and overturn 80 years of case law and existing tax provisions, government officials say they are rushing to implement these regulations by the end of the summer.


At a time when America's economy needs a boost, the government is essentially putting U.S. workers at a disadvantage as it makes our country less attractive for companies that increasingly have global options when deciding where to grow their businesses. Instead of lowering taxes to keep us competitive, the government is plotting new ways to raise the cost of doing business on U.S. companies.


Manufacturers and all Americans deserve better. Misguided, piecemeal changes to our tax system are not the answer to any of our problems. It's time for President Obama to step in and stop Treasury from wreaking havoc on the American economy and risking U.S. jobs. Congress and the President must do the hard work of modernizing our tax system so that employers – both foreign and domestic – want to invest and create jobs here at home. It's the right action we need for manufacturers and our country.


Commentary by Jay Timmons, president and CEO of the National Association of Manufacturers and Nancy McLernon, president and CEO of the Organization for International Investment. Follow them on Twitter@JayTimmonsNAM and @nmclernon.