Former WH budget director warns after March 15th economy will grind to halt

[keepitreal]

100 Years Of Massive Credit Expansion
To own gold is not climbing a wall of worry. For anyone who understands the problems that the world is now facing, physical gold ownership gives peace of mind and the best insurance that money can buy. So why are less than 0.5% of world financial assets invested in gold and gold stocks? There are several reasons for this. Firstly, 100 years of massive credit expansion and money printing have mainly inflated the asset classes that investors understand, be it stocks, bonds or property. Also, financial repression, which in layman’s terms means manipulation, has totally distorted most financial markets. With the help of derivatives, governments, central banks, investment banks and hedge funds can create false markets in most investment areas. If a market is massive and global, like currencies, they are very hard to manipulate, except if several major sovereign states collude. But in a small market like gold and silver, it is extremely easy to manipulate prices. Even more so when a lot of it is done with the assistance and blessing of governments…

“All Manipulation Ends In Tears”
Egon von Greyerz continues: “But all manipulation ends in tears. The longer it takes before a market gets back to its unmanipulated equilibrium, the bigger the adjustment will be. In the meantime, investors believe that their portfolios will continue to grow to the sky. Nobody fears the fact that P/E’s are 80% above the average or that bond yields are around zero or negative in some cases. But in bubble markets not much is needed to change sentiment.

Greyerz - This May Crash Europe's Financial System And Lead To The Next Global Crisis And Collapse - King World News

So why are less than 0.5% of world financial assets invested in gold and gold stocks?

Because gold and gold stocks make up less than 0.5% of world financial assets.

Nobody fears the fact that P/E’s are 80% above the average

I don't fear it because it's not true.

So why are less than 0.5% of world financial assets invested in gold and gold stocks?

Because gold and gold stocks make up less than 0.5% of world financial assets

Gold can not be the solution, it's not feasible.

I think it would be short sited not to consider,
the main players of global economies,
already have a monetary system set up
to usher in for when the time comes.

 

[MindWars]

100 Years Of Massive Credit Expansion
To own gold is not climbing a wall of worry. For anyone who understands the problems that the world is now facing, physical gold ownership gives peace of mind and the best insurance that money can buy. So why are less than 0.5% of world financial assets invested in gold and gold stocks? There are several reasons for this. Firstly, 100 years of massive credit expansion and money printing have mainly inflated the asset classes that investors understand, be it stocks, bonds or property. Also, financial repression, which in layman’s terms means manipulation, has totally distorted most financial markets. With the help of derivatives, governments, central banks, investment banks and hedge funds can create false markets in most investment areas. If a market is massive and global, like currencies, they are very hard to manipulate, except if several major sovereign states collude. But in a small market like gold and silver, it is extremely easy to manipulate prices. Even more so when a lot of it is done with the assistance and blessing of governments…

“All Manipulation Ends In Tears”
Egon von Greyerz continues: “But all manipulation ends in tears. The longer it takes before a market gets back to its unmanipulated equilibrium, the bigger the adjustment will be. In the meantime, investors believe that their portfolios will continue to grow to the sky. Nobody fears the fact that P/E’s are 80% above the average or that bond yields are around zero or negative in some cases. But in bubble markets not much is needed to change sentiment.

Greyerz - This May Crash Europe's Financial System And Lead To The Next Global Crisis And Collapse - King World News

So why are less than 0.5% of world financial assets invested in gold and gold stocks?

Because gold and gold stocks make up less than 0.5% of world financial assets.

Nobody fears the fact that P/E’s are 80% above the average

I don't fear it because it's not true.

So why are less than 0.5% of world financial assets invested in gold and gold stocks?

Because gold and gold stocks make up less than 0.5% of world financial assets

Gold can not be the solution, it's not feasible.

I think it would be short sited not to consider,
the main players of global economies,
already have a monetary system set up
to usher in for when the time comes.

But they sure are working on make it legal again to use in place of cash , they prob. know what bs lies ahead

Arizona Legislature Passes Bill to Legalize Gold and Silver ...
Arizona lawmakers passed ... The bill's sponsor said it is still a "work in progress" but wants to ... Supporters of gold and silver as legal tender often cite ...
nationalreview.com/corner/347236/arizona-legislature-passes-...
Utah To Legalize Silver & Gold As Legal Tender? - Page 3 ...
Utah To Legalize Silver & Gold As Legal Tender? ... Arizona lawmakers approve gold and silver as legal tender: ... state want to use gold for legal tender:
survivalistboards.com/showthread.php?p=2798526

 

[keepitreal]

100 Years Of Massive Credit Expansion
To own gold is not climbing a wall of worry. For anyone who understands the problems that the world is now facing, physical gold ownership gives peace of mind and the best insurance that money can buy. So why are less than 0.5% of world financial assets invested in gold and gold stocks? There are several reasons for this. Firstly, 100 years of massive credit expansion and money printing have mainly inflated the asset classes that investors understand, be it stocks, bonds or property. Also, financial repression, which in layman’s terms means manipulation, has totally distorted most financial markets. With the help of derivatives, governments, central banks, investment banks and hedge funds can create false markets in most investment areas. If a market is massive and global, like currencies, they are very hard to manipulate, except if several major sovereign states collude. But in a small market like gold and silver, it is extremely easy to manipulate prices. Even more so when a lot of it is done with the assistance and blessing of governments…

“All Manipulation Ends In Tears”
Egon von Greyerz continues: “But all manipulation ends in tears. The longer it takes before a market gets back to its unmanipulated equilibrium, the bigger the adjustment will be. In the meantime, investors believe that their portfolios will continue to grow to the sky. Nobody fears the fact that P/E’s are 80% above the average or that bond yields are around zero or negative in some cases. But in bubble markets not much is needed to change sentiment.

Greyerz - This May Crash Europe's Financial System And Lead To The Next Global Crisis And Collapse - King World News

So why are less than 0.5% of world financial assets invested in gold and gold stocks?

Because gold and gold stocks make up less than 0.5% of world financial assets.

Nobody fears the fact that P/E’s are 80% above the average

I don't fear it because it's not true.

So why are less than 0.5% of world financial assets invested in gold and gold stocks?

Because gold and gold stocks make up less than 0.5% of world financial assets

Gold can not be the solution, it's not feasible.

I think it would be short sited not to consider,
the main players of global economies,
already have a monetary system set up
to usher in for when the time comes.

But they sure are working on make it legal again to use in place of cash , they prob. know what bs lies ahead

Arizona Legislature Passes Bill to Legalize Gold and Silver ...
Arizona lawmakers passed ... The bill's sponsor said it is still a "work in progress" but wants to ... Supporters of gold and silver as legal tender often cite ...
nationalreview.com/corner/347236/arizona-legislature-passes-...
Utah To Legalize Silver & Gold As Legal Tender? - Page 3 ...
Utah To Legalize Silver & Gold As Legal Tender? ... Arizona lawmakers approve gold and silver as legal tender: ... state want to use gold for legal tender:
survivalistboards.com/showthread.php?p=2798526

But they sure are working on make it legal again to use in place of cash , they prob. know what bs lies ahead

Of course they do!

I'm sure they have their safe spaces as well

 

[edthecynic]

Stockman has been a weasel since Reagan canned his ass.

But Stockman is Tramp's weasel now! Remember Tramp cited Stockman's 42% unemployment figure during the campaign!

 

[Toddsterpatriot]

Stockman has been a weasel since Reagan canned his ass.

But Stockman is Tramp's weasel now! Remember Tramp cited Stockman's 42% unemployment figure during the campaign!

Stockman is a weasel, no matter who cites his BS.

 

[DrainBamage]

Global Economy

Ahh so you've topped your David "always wrong" Stockman with a complete regurgitation of the economic collapse blog.

You have all the boxes checked for being the moron who will keep on pointing to sources like those (and Schiff, and Dent) who's followers are more interested in the message than actually evaluating the prognostication record of your source. EconomicCollapseBlog is bonus hilarity because by it's very name it has been calling for economic collapse around the corner for at least seven years. They have produced out of context stats and misleading analysis for all that time and consistently failed to produced their predicted result (collapse) yet uneducated pinheads like you just jeep on sourcing them.

Don't breed. Please.

 

[S.J.]

The stock market is due for a crash. It's enjoying a Trump optimism bump now, but the reality of 8 years of the Hussein will come back.

Republicans have a unique opportunity to cut spending and bring that deficit down but they need to do it now. A balanced budget is not out of the question by any means. There's plenty of fat to be cut from Obama's bloated bureaucracy. But the shit out of welfare and food stamps. In a few months there won't be an excuse for any able bodied person for not having a job as factories return to the U.S. There'll be plenty of jobs on the Mexican border and on the pipeline.

Republicans have a unique opportunity to cut spending and bring that deficit down but they need to do it now. A balanced budget is not out of the question by any means.

Nope...that is too little, too late, and the consequences
for years of fiscal corruption and irresponsibility
which is inevitable, could start either sooner or later...

People have their ******* heads so far in the clouds,
and, it's no wonder why both parties wanted Hillary.
They needed someone who was gonna to continue
the facade and continue functioning and spending
by borrowing money, otherwise, this country would collapse
and bring every other country down with us.

This is the reality, not if, but when

It's not too late to be responsible. Cut out freebies and giveaways, then freeze spending at it's current level. Over time, economic growth will balance the budget and the debt will come down.

It's not too late to be responsible. Cut out freebies and giveaways, then freeze spending at it's current level. Over time, economic growth will balance the budget and the debt will come down.

Totally agree, it's never too late to be responsible!

But, the level of 'responsibility' necessary to just gain
stable footing would be too much for people to deal with...

The only reason why we are able to enjoy
such a massively inflated standard of living in this country
is because we have been able to borrow trillions upon trillions
of dollars from the rest of the world at ultra-low interest rates.

If the federal government started spending
only the money that it brought in through taxes,
our ridiculous debt-fueled standard of living
would begin collapsing immediately.

We consume far more wealth than we produce,
and the only way that we are able to do this
is by borrowing insane amounts of money.

If Trump doesn't continue this practice,
the economy will sink into a major league economic downturn

That's it, that's all... cutting freebies and freezing spending
unfortunately, at this point, isn't gonna cut it.

If people are freaking out because of travel bans
and enforcing immigration laws...
What he would need to do to bring this country
back from the brink would be totally, too radical for most.

All of our economic problems stem from socialist ideology. There is no free lunch, somebody has to pay. Get rid of the freeloaders and the wealth redistributors and we can enjoy prosperity once again, without having to borrow ourselves into oblivion.

 

[MindWars]

Global Economy

Ahh so you've topped your David "always wrong" Stockman with a complete regurgitation of the economic collapse blog.

You have all the boxes checked for being the moron who will keep on pointing to sources like those (and Schiff, and Dent) who's followers are more interested in the message than actually evaluating the prognostication record of your source. EconomicCollapseBlog is bonus hilarity because by it's very name it has been calling for economic collapse around the corner for at least seven years. They have produced out of context stats and misleading analysis for all that time and consistently failed to produced their predicted result (collapse) yet uneducated pinheads like you just jeep on sourcing them.

Don't breed. Please.

You should look in the mirror because actually when you tell other people that bs, it's a reflection of yourself.

 

[keepitreal]

The stock market is due for a crash. It's enjoying a Trump optimism bump now, but the reality of 8 years of the Hussein will come back.

Republicans have a unique opportunity to cut spending and bring that deficit down but they need to do it now. A balanced budget is not out of the question by any means. There's plenty of fat to be cut from Obama's bloated bureaucracy. But the shit out of welfare and food stamps. In a few months there won't be an excuse for any able bodied person for not having a job as factories return to the U.S. There'll be plenty of jobs on the Mexican border and on the pipeline.

Republicans have a unique opportunity to cut spending and bring that deficit down but they need to do it now. A balanced budget is not out of the question by any means.

Nope...that is too little, too late, and the consequences
for years of fiscal corruption and irresponsibility
which is inevitable, could start either sooner or later...

People have their ******* heads so far in the clouds,
and, it's no wonder why both parties wanted Hillary.
They needed someone who was gonna to continue
the facade and continue functioning and spending
by borrowing money, otherwise, this country would collapse
and bring every other country down with us.

This is the reality, not if, but when

It's not too late to be responsible. Cut out freebies and giveaways, then freeze spending at it's current level. Over time, economic growth will balance the budget and the debt will come down.

It's not too late to be responsible. Cut out freebies and giveaways, then freeze spending at it's current level. Over time, economic growth will balance the budget and the debt will come down.

Totally agree, it's never too late to be responsible!

But, the level of 'responsibility' necessary to just gain
stable footing would be too much for people to deal with...

The only reason why we are able to enjoy
such a massively inflated standard of living in this country
is because we have been able to borrow trillions upon trillions
of dollars from the rest of the world at ultra-low interest rates.

If the federal government started spending
only the money that it brought in through taxes,
our ridiculous debt-fueled standard of living
would begin collapsing immediately.

We consume far more wealth than we produce,
and the only way that we are able to do this
is by borrowing insane amounts of money.

If Trump doesn't continue this practice,
the economy will sink into a major league economic downturn

That's it, that's all... cutting freebies and freezing spending
unfortunately, at this point, isn't gonna cut it.

If people are freaking out because of travel bans
and enforcing immigration laws...
What he would need to do to bring this country
back from the brink would be totally, too radical for most.

All of our economic problems stem from socialist ideology. There is no free lunch, somebody has to pay. Get rid of the freeloaders and the wealth redistributors and we can enjoy prosperity once again, without having to borrow ourselves into oblivion.

All of our economic problems stem from socialist ideology. There is no free lunch, somebody has to pay. Get rid of the freeloaders and the wealth redistributors and we can enjoy prosperity once again, without having to borrow ourselves into oblivion.

All of our economic problems stem from greed and corruption.
There shouldn't be free breakfast or lunch in schools,
because the majority students in the public schools
are from families receiving snap benefits.

The government knows families won't suffer from
reducing snap recipients, the economy will.
Snap benefits fund the economy.

Reducing welfare recipients will hurt more then help
without available jobs and benefits to replace welfare.

You have elderly people on social security,
whose financial contributions don't reflect
todays costs....the cost of living isn't what it was 20 yrs ago...
nor are the wages they contributed from

There needs to be limits on welfare,
and it needs to work like unemployment...
if you don't work your not entitled to benefits.

At the state level, there needs to be more accountability
for what local government is spending money on....
Like, here in Chicago for instance....
We didn't need a ******* bean sculpture.
I mean, really...wtf

Schools and annexes... because of the Hispanic explosion
here in Chicago, we've had to build more new schools
and add annexes to the existing ones to accommodate
the number of kids attending public schools.

I think public schools need to charge tuition and book fees.

I think all spending has to be approved by voters first

I think elected officials should cover their own expenses

I think the salaries and benefits of elected officials
should be decided by voters, not themselves

I think we should be able to fire elected officials
if they are not voting or attending work on a regular basis.
If I wasn't showing up for work, I'd be fired, not paid anyway

I think elected officials should only be able to
draw 1 government pension, not multiple pensions.

I think that elected officials should have medical insurance
that is of our choosing, not theirs

I think elected officials need to be reminded
they work for us, not the other way around!

 

[keepitreal]

Global Economy

Ahh so you've topped your David "always wrong" Stockman with a complete regurgitation of the economic collapse blog.

You have all the boxes checked for being the moron who will keep on pointing to sources like those (and Schiff, and Dent) who's followers are more interested in the message than actually evaluating the prognostication record of your source. EconomicCollapseBlog is bonus hilarity because by it's very name it has been calling for economic collapse around the corner for at least seven years. They have produced out of context stats and misleading analysis for all that time and consistently failed to produced their predicted result (collapse) yet uneducated pinheads like you just jeep on sourcing them.

Don't breed. Please.

Don't breed. Please.

No, you don't breed.

We've had people in place to keep the facade going,
that's why it hasn't collapsed yet despite years of hearing it would.

It shouldn't take a rocket scientist to know
you can't keep borrowing to spend....

It's like someone getting a 2nd credit card
to make the payments on the first one that's maxed out...
then a 3rd credit card to make payments on the first 2.
ITS NOT FISCALLY RESPONSIBLE, ITS FINANCIAL SUICIDE!

Please, don't breed!

 

[DrainBamage]

We've had people in place to keep the facade going,
that's why it hasn't collapsed yet despite years of hearing it would.

Oh bullshit you morons have been saying the same things for years and been wrong over and over.

Hyperinflation coming because of the printing presses! Nope. Been hearing that since Ron Paul was the idol de jour.
Stock market collapse when no more QE! Nope. QE ended in Oct 2014 and here was are with record highs.

Oh hope you don't manage your own money believing all the shit you do, you poor sap.

 

[keepitreal]

We've had people in place to keep the facade going,
that's why it hasn't collapsed yet despite years of hearing it would.

Oh bullshit you morons have been saying the same things for years and been wrong over and over.

Hyperinflation coming because of the printing presses! Nope. Been hearing that since Ron Paul was the idol de jour.
Stock market collapse when no more QE! Nope. QE ended in Oct 2014 and here was are with record highs.

Oh hope you don't manage your own money believing all the shit you do, you poor sap.

Oh hope you don't manage your own money believing all the shit you do, you poor sap.

So, spending beyond my means, is responsible money management
Having XX amount of dollars but spending XXX of dollars
is managing money responsibly and fiscally sound?

I think not!

We'll see who's the moron, moron!

 

[DrainBamage]

You should look in the mirror because actually when you tell other people that bs, it's a reflection of yourself.

Perfect non answer, which we've come to expect from you because all you do is generate threads with other people's content but show complete lack of ability or understand of the material to defend it. As a result we get bullshit answer like above.

I showed at least six instances of David Stockman predicted stock market collapse, going back to 2012. Where is the stock market today in comparison to 2012? He was WRONG, consistently wrong. Yet here you are regurgitating more Stockman because WOW he's again predicting impending stock market collapse.

I monkey could make the same contributions to this forum as you do.

 

[keepitreal]

You should look in the mirror because actually when you tell other people that bs, it's a reflection of yourself.

Perfect non answer, which we've come to expect from you because all you do is generate threads with other people's content but show complete lack of ability or understand of the material to defend it. As a result we get bullshit answer like above.

I showed at least six instances of David Stockman predicted stock market collapse, going back to 2012. Where is the stock market today in comparison to 2012? He was WRONG, consistently wrong. Yet here you are regurgitating more Stockman because WOW he's again predicting impending stock market collapse.

I monkey could make the same contributions to this forum as you do.

Perfect non answer, which we've come to expect from you because all you do is generate threads with other people's content but show complete lack of ability or understand

I monkey could make the same contributions to this forum as you do.

A douchebag of your magnitude
could cleanse a whale's vagina!

 

[CowboyTed]

The stock market is due for a crash. It's enjoying a Trump optimism bump now, but the reality of 8 years of the Hussein will come back.

Republicans have a unique opportunity to cut spending and bring that deficit down but they need to do it now. A balanced budget is not out of the question by any means. There's plenty of fat to be cut from Obama's bloated bureaucracy. But the shit out of welfare and food stamps. In a few months there won't be an excuse for any able bodied person for not having a job as factories return to the U.S. There'll be plenty of jobs on the Mexican border and on the pipeline.

Reality check.... Obama cut spending unlike the GOP Presidents...

There is a collision course from Real Fiscal Conservatives and Consevatives in Name only (Trumpettes)... Democrats just need to buy popcorn and watch it happen... Trump will go batshit crazy and it will of course be leaked by Rela conservatives in the WH...

Idiots here will try and blame it on Democrats but that is another joke... You wanted power now you got it, you own this shit and thet last month has been a circus... Nothing done but tv ratings...

 

[keepitreal]

The stock market is due for a crash. It's enjoying a Trump optimism bump now, but the reality of 8 years of the Hussein will come back.

Republicans have a unique opportunity to cut spending and bring that deficit down but they need to do it now. A balanced budget is not out of the question by any means. There's plenty of fat to be cut from Obama's bloated bureaucracy. But the shit out of welfare and food stamps. In a few months there won't be an excuse for any able bodied person for not having a job as factories return to the U.S. There'll be plenty of jobs on the Mexican border and on the pipeline.

Reality check.... Obama cut spending unlike the GOP Presidents...

There is a collision course from Real Fiscal Conservatives and Consevatives in Name only (Trumpettes)... Democrats just need to buy popcorn and watch it happen... Trump will go batshit crazy and it will of course be leaked by Rela conservatives in the WH...

Idiots here will try and blame it on Democrats but that is another joke... You wanted power now you got it, you own this shit and thet last month has been a circus... Nothing done but tv ratings...

Reality check.... Obama cut spending unlike the GOP Presidents

Then why did national debt increase by 9 trillion dollars?

 

[DrainBamage]

Then why did national debt increase by 9 trillion dollars?

Usually references to Obama reducing federal spending are referring to inflation adjusted or as a percentage of GDP, so whether the post you're questioning is accurate depends on how you interpret this measure.

To answer your question though, there are two sides to a balance sheet: spending and income. It is entirely possible to have spending go up while a balance declines due to a greater increase in income.

 

[DrainBamage]

So, spending beyond my means, is responsible money management
Having XX amount of dollars but spending XXX of dollars
is managing money responsibly and fiscally sound?

I never made any comment about how responsible the government was spending, it was clearly about people's personal finances who adhere to the constant doomsday messages of clowns like Stockman and Schiff. If you listened to Stockman's advice and went all cash in 2012, given where the stock market is today versus returns on cash instruments, you made poor personal finance decisions by choosing irresponsible advice of people with a long history of poor prognostication.

We'll see who's the moron, moron!

We already saw who the moron is, he's the one so dense he conflates failed doomsday predictions and government fiscal policy.

 

[Old Rocks]

Anyone else remember when Obama was first elected? Republicans were screaming "its yours now, you own it! Take responsibility!"

You mean when Obama was calling Bush "unpatriotic" for increasing the national debt by $4 trillion, just before Obama increased it by $10 trillion? Is that what you're referring to?

Yeah, Bush increased it 4 trillion and put us in a near depression. Obama increased it 10 trillion, and to us back to economic health. Market at 20,000, unemployment at 4.7%. Damned good numbers. Now if the orange clown does not put us back to 2008.

 

[ThunderKiss1965]

lmao it's all going to be Obama's fault when Trump is pres.

I seem to remember lefties blaming Bush years into the Obama administration. How can Democrats justify blaming Trump with 40 days in ?