Worse than 1929 depression

1. https://www.zerohedge.com/news/2018...rump-wall-street-chorus-calling-powells-scalp
2. The result is that Powell is now blamed for the sins of his predecessors, and that his forced departure would only make matters worse sending stocks crashing even more, ultimately culminating with Trump becoming the fall guy for years and decades of disastrous monetary policy which started with Alan Greenspan's bubble blowing ways and extended not just with Bernanke and Yellen, but spread globally into China's unprecedented credit expansion as well as the ultra-easy monetary policies of the ECB, BOE, SNB and so on.
3. Aaah what would I know...

 

Not much.

 

You obviously havent read anything Ive posted.

 

The FED sure got 2008 right,.......not

 

The economy has been nothing but Fed paper since 2008, and it grew less than the money being dumped in by the Fed
Despite this, idiots thought something good was happening for 8 years. Under Obama the bankers made fortunes instead of doing jail time. The people are no better off than 2008, and now will pay an even bigger price. Larry Sumners will be laughing his ass off on a private island somewhere

 

In 1999, Democrats led by President Bill Clinton and Republicans led by Sen. Phil Gramm joined forces to repeal Glass-Steagall at the behest of the big banks. What happened over the next eight years was an almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and once again they sold them to their customers in the form of securities. The bubble peaked in 2007 and collapsed in 2008. The hard-earned knowledge of 1933 had been lost in the arrogance of 1999.

https://www.usnews.com/opinion/blog...of-glass-steagall-caused-the-financial-crisis

 

Agree except for the arrogance part. It was malfeasance.

Brooksley Borne was eliminated by Greenspan, Rubin and Clinton in 98 when she warned of the dangers of rapidly growing derivatives positions.
Gramm-Leech-Bliley put the nail in the coffin and put depositor money at risk.
Oddly, under Obama our commercial banking deposits have been reclassified a simple capital structure. Last in line as creditors

 

https://www.zerohedge.com/news/2018...less-americans-still-living-paycheck-paycheck

Its coming....

 

https://www.zerohedge.com/news/2019-01-02/2019-it-going-be-much-worse-you-think

Just an update folks...

 

Aussie dollar heading towards 60c

 

http://theeconomiccollapseblog.com/

After Apple announced that their sales during the first quarter are going to be much, much lower than previously anticipated, Apple’s stock price started shooting down like a rocket and by the end of the session on Wednesday the company had lost 75 billion dollars in market capitalization.

Apple CEO Cook releases data stating that Apples first quarter revenue is going to be lower than expected. Theres a trading halt and Apple re-opens at 4.50pm on Tuesday, 2nd. The conniving bastard.
Is he trying to tell us that he didnt know from revenue projections late last year that revenue would be lower. Once this information was known to investors, they rushed to dump stocks.
Oh I forgot, Cook still gets his end of year bonus for 2018 as the drop in the stock didnt occur til January.
This is an example of the conniving bastards that run companies such as Apple.
There is going to be a systemic economic collapse in 2019...
Hang onto your hats folks....
Watch this space....

 

I think it will be a redefining event.

 

Sounds like I need to buy some gold.

 

While I do have issue with your predictions, there seems little debunking happening. One has to wonder if the fight has gone from the American support for their misogynist, racist moron they voted in. Much can be said of the influence he has had on the US market which has carried world-wide creating a domino effect that could very well bring your predictions true.


BUT hey, it is America and team America will find out he is a Russian sympathiser and destroy Washington and everything in it to stop the decay…

 

Dont worry about the USA, once the Fed reneges on their plan to continue hiking interest rates and actually reduces them considerably, everything in the US will once again be rosy...the Dow Ponzi scheme
will continue to roll along and everyone will be happy....which will prove that the Fed is incompetent....
However the **** could still hit the fan in other parts of the world.......stay tuned
.....I dont think Trump has anything to do with the Brexit fiasco, riots in France,
DeutscheBank going bust and so on....this is not Trumps doing.....

 

And who would ever know?

 

http://cecaust.com.au/aas/subscribe.html
2019 global collapse....rubbish....

 

https://www.zerohedge.com/news/2019-01-07/powell-goes-dovish-its-too-late-change-anything

Oops.....told ya......the Fed is incompetent....has been for years,,,

 

I'll have $10 of that, total collapse in 2019 possibly not but it will begin in 2019.

The good thing for the country and the liberals is that Labor will be in power for the duration. This gives someone for the liberals to blame and the people a chance to make it through

 

You might be right...Ill stick to 2019...
As to whos in power in Australia...I dont really care as they are as bad as each other....

 

https://www.zerohedge.com/news/2019...sing-bear-who-nailed-2008-crash-2018-slowdown
Well..yeah...but I thought Peter Switzer said.........pft....

 

"Worse than 1929 depression"

stock up on the canned and freeze dried foods

 

republicans tax cuts for the rich and greedy corporations are to blame...

the debt started rising due to Bush's changes and has not stopped sense, it just keeps growing and growing

republicans want to kill social programs like Social Security and Medicare

 

Those are usually temporary. He is right about most of the homeless. You must not know any.

 

A load of garbage.