Being patriots, members of the family we call The United States of America, we want to believe our leaders, those in charge and in industry, are do all they can to do well by us. In part, many are. Yet, there is ever increasing reasons why we, as preppers and survivalists, need to read and keep their eyes and ears open!
Then, Stockman drops this bomb and says:
“I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises.Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”
In that same interview, Stockman also predicted that “markets will easily correct by 20% and probably a lot more“, and he noted the glaring disconnect between current stock prices and how the U.S. economy is actually performing…
“The S&P 500 has been trading at 26 times earnings while earnings have been dropping for the past six or seven quarters. There is no booming recovery coming. There is going to be a recession and there will be no stimulus baton to bail it out. That is the new fact that neither Trump nor the Wall Street gamblers remotely understand.”
If you are like us you get that this is not a good thing, there are dangers out there financial and otherwise, and we really need to beware of possible ruin. Some may even consider such a thing as “the end of days.” While we are not sure we will go that far we do see it as a significant step in a downfall of world order and, yes, a danger to our comfortable lifestyles.
More than ever, we need to be prepared for an unpromising future! Prepare today! For more info go to The Economic Collapse Blog.
Jessie T. Sunny..where is the meet up spot again? haha
holy$#%&!@*the 15th! not enough time! Wall Drug South Dakota then we make our way into open canada country lots of resources
So when the 16th comes around and everything’s business as usual. What’s that gonna say about this article?
It’s one to tell people to prep and provide valuable info, and it is another to try and stir the pot play off fears and emotion..
It won’t matter.
Within 3 months everyone in America will be dead.
There are 200 nuclear plants that use electricity to pump water to keep them from melting down.
If the grids fail, the pumps fail.
There is battery back up for a short time and then generators for a little longer, but without refueling they too will shut down.
Emp = nothing that has a computer will work.
No trucks to refuel the generators!
Damned shamed they didn’t have a solar backbup!!
We will al be radiated to death.
So either dig a very very deep hole, climb in and wait for hundreds of thousands of years or just accept the certainty of death!
Sorry to rain on your prepper parade!
He should be financially punished if it doesn’t. Stirring people into an artificial shopping frenzy!
Don’t post crap like this.
Typical…interest in prepping is at an all time low so articles like this start popping up. Unfortunately prepping has become just another business endeavor….
Long time coming.
Just another SHTF prophesy. We’ll see….
Makes sense to an extent but I think we’ll prevail in the long run
Retail is going down the toilet. Thousands of jobs lost.
Am I the only one that notices the date always just changes when it doesn’t come true? What’s their back up dat now if it doesn’t happen?
Fear mongers. Saying that Trump and Wall Street don’t understand the financial crisis. lol. Trump did not become a billionaire in business by not understanding finance. We know we are headed towards a crisis thanks to Obama’s overspending and goverment programs that have gotten out of hand. First we need to end the FED, which has always been at the root of our problems. Then get the illegals out. Remove welfare benefits from people who are physically able to work and remove unnecessary government programs. People will get through the hard times when they come, we always do.
Would not surprise me at all.
I have seen this prediction with about a hundred different dates thru the years.
You’re an idiot.
Jason Humlicek did you spend all day on that reply.
Trump is a great NYC real estate investor and no one can take that away from him, however, I agree with David Stockton that the US government and citizenry are completely unprepared for the “hard debt landing” that lies ahead. I voted for Trump with the apprehension that the next sitting US President may preside over a full blown currency and debt crisis and may single-handedly take the blame for over 50 years of out-of-control US government spending.
let er rip !
Obama’s plan.
It’s just another debt ceiling issue. After a few weeks of chest pounding between Parties, they will “raise it” again, making sure to continue the long trek of f**king us all over before there is finally no way to repay anything, ever, period, ever and people finally see what a global depression really means.
Sensationalism. Yes, the retail market has bubbled, and yes,that bubble is poised to burst like the housing bubble. I won’t waste time with the intricacies, but this is a statistical phenomenon that cannot be accurately predicted to the degree suggested. Taking market advice from stick rubbing doomsday rednecks is like going to the wall street page for homestead advice.
Hmmm, the Ides of March. How fitting.
As long as it’s before April 15th. When our taxes are due. Lol.
HORSE HOCKEY
Hey @diehardsurvivor, how about after the break ypu lick on DEEZ NUTS
jackass, this has been going on since the sixties. Stop putting party loyalty before humanity
These fucks sent me spam at 10:04 a.m. precissly three minutes ago.
WHAT THE$#%&!@* this page has gone downhill and is being reported.