Between Opportunities
In just one week, Trump guaranteed the Democrats will retake the House of Representatives in 2018, which means it is all but certain Trump will be impeached in 2019.
How did this happen?
Plus Trump fired his already-bad National Security Adviser this week and replaced him with an even-worse pro-war neo-con.
The Democrats will win the House in November, but Republicans will hold the Senate and Trump is still likely to win reelection in 2020, so long as:
Jim Rickards is the Financial Threat and Asymmetric Warfare Advisor for the DOD and Central Intelligence and he recently reviewed a report by senior intelligence officials that estimated the greatest threats to the United States. At the top of the list was no Muslim terrorism (of any flavor), but instead, imminent economic collapse.
There are eight slides he used to drive this point home in a recent interview.
The first slide shows the declining impact of $1 of federal spending on the economy:
A lot could be said about that but the results are obvious. Fifty years ago the Feds could spend a dollar and it would generate $2.41 in economic value, while today, that $1 of spending results in only 3 cents of economic value. This is because of fraud, waste, abuse and spending money on programs that ensure votes rather than generate growth.
The velocity of money-the rate at which money moves through the economy-is also falling sharply.
We’re nearing a point not seen since the 1920s!
And the so called misery index, which measures a combination of inflation and unemployment, is worse than it was in the stagflation days of Jimmy Carter. Not if we rely on the manipulated government data, of course, but on the estimates by economists not on the government payroll.
These numbers are also worse than the Great Depression!
The Fed’s debt to capital ratio has gone up nearly 400%, from a pre-2008 high of 22 to 2 to a current ratio of … Read the rest