What 12 'Financial Experts' Predict For The Economy in 2017 (Spoiler Alert: It's Ugly)

Tyler Durden's picture

Submitted by Daisy Luther via The Organic Prepper blog,

What lies ahead for the economy this year? Will the economy finally collapse as predicted by many or will the early positive signs in stock markets around the world continue and the global economy will flourish?

I’ve taken a lot of heat for being “gloomy” and for “fear-mongering” lately when I’ve said that President-Elect Trump is inheriting a mess of epic proportions and that we may still be in for a rough financial ride. While I do think that Trump is a far better choice than Hillary Clinton ever could have been, when a situation has been declining as long as ours has, it would take an absolute miracle to turn it around without some pain.

And it turns out, I’m not alone in my concern about the worst for our economic situation during the upcoming year.

Here’s what 12 prominent financial experts are predicting.

Lawrence Yun is the chief economist at The National Association of Realtors® (NAR).

“The budget of many prospective buyers last month was dealt an abrupt hit by the quick ascension of rates immediately after the election. Already faced with climbing home prices and minimal listings in the affordable price range, fewer home shoppers in most of the country were successfully able to sign a contract.” (source)

Gerald Celente is a trends forecaster who has a long history of accuracy. You can find his work at TrendsResearch.com. He predicts:

“We’re forecasting the economy is not going to rebound with the economic proposals that are in place now. . . . The global situation has created an environment for financial panic. The financial panic conditions have been in place for quite a while. What Trump’s victory has done is played it off for a little bit possibly, but on the negative side, you still have the debt and interest rates going up and the debt that has to be paid. On gold, we believe right now is near its bottom.” (source)

James Dale Davidson. He’s the economist who correctly predicted the collapse of 1999 and 2007.

“There are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming – it’s already at our doorstep.” (source)

Marc Faber is an investment advisor and fund manager. He is the publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd. Last month, he wrote:

2017 will be [when] the US Economic causes a World Economic Collapse! Trump can’t stop a dollar crisis, stock mark crash or gold and silver prices skyrocketing! “. (source)

Faber was also quoted in an article on The Sovereign Investor:

Mark Faber, Dr. Doom himself, recently told CNBC that “investors are on the Titanic” and stocks are about to “endure a gut-wrenching drop that would rival the greatest crashes in stock market history.” (source)

Harry Dent, Harvard economist, predicts the safe-haven of gold will be wiped out during 2017. From a conversation with Economy and Markets:

“While many economists will argue that gold is not in a bubble… and insist it will soar to $2,000, $5,000 and even $10,000, my research has said otherwise…I’ve never been more certain of anything in over 30 years of economic forecasting.

Incidentally, here is his latest report.

Ann Rutledge is a fixed income analyst who is a regular writer for Forbes. She analyses economic patterns and feels the slide has been underway since 2013. Last year, she wrote:

“So, if you ask me whether we are going to have another global financial crisis in 2017…I would say the odds are good. This one probably started in 2013 and by now is well under way.” (source)

Peter Costa, president of Empire Executions, has taken the unprecedented step of pulling out of the markets ,believing that they are overpriced and that a major correction is on the way. In an interview, he said:

“I think that a lot of these stocks, big cap, small cap, they all got ahead of themselves. And I think that there will be a correction to bring them back to some sort of normalization in pricing and once it gets back there, I’ll be back in the market.” (source)

Chris Martenson, an economic researcher, wrote:

“GDP growth is very unlikely to support the rate of credit expansion that the Federal Reserve wants (or, more accurately, needs). And what will happen if it indeed doesn’t? A lot of painful, awful things – but central among them is a currency crisis.

 

Amidst the ensuing unpleasantness will be an awakening within today’s hyper-financialized markets to the huge imbalance now existing between paper claims and ownership of real things. A massive wealth transfer from those with ‘paper wealth’ (stocks, bonds, dollars) to those owning tangible assets (the productive value of which can’t easily be inflated away) will occur – and quickly, too.”  (source)

Michael Covel, a teacher of trend-following and financial strategy ,thinks the collapse will start in Europe and then spread to the rest of the world. He explains why in great detail, calling it chillingly “the next Lehman moment.”

“Deutsche Bank has startling leverage of 40 times. Leverage is the proportion of debts that a bank has compared with its equity/capital. That means Deutsche has 40 times more debt than equity/capital. Keep in mind that Lehman Bros. was only 31 times leveraged when it imploded in 2008 and sparked the worst global financial crisis since the Great Depression…France’s clear discontent with the EU can’t be overstated. The EU might survive Brexit. But a French divorce from the EU would be cataclysmic, both financially and politically. It would mark the official end of the EU.

 

Bank runs would spread as consumers sought the safety of cash well before the actual earth-shattering event took place. It would start in French banks… and the knock-on effects would spread to other European banks that have relationships with French banks. This would create a huge decline in confidence, leading to a European-wide decline in bank lending.

 

And these bank runs would spread into a more widespread financial crisis in the global financial sector. Non-eurozone financial institutions in the U.S. and Asia would come under immense pressure because they too have heavy exposure to European banks. (source)

Alessandro Lombardi, a former global investment banking analyst wrote:

“Emerging markets are the soft underbelly of the global economy. Many analysts expect the election of Donald Trump to the White House will change the United States’ economic and monetary policies. This could worsen conditions for businesses in emerging markets that are financed in U.S. dollars. The result might be a global economic collapse in 2017.” (source)

Jim Rogers, who founded the Quantum Fund with George Soros, is on the record as saying:

“A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.” (source)

 Andrew Smithers, an economist with an unsettling history of being prophetic, was quoted in the same article.

“U.S. stocks are now about 80% overvalued.” Smithers backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively(source)

What do you think?

Personally, I’m prepping harder than ever before.  I’ve spent too much time researching the collapse of Venezuela to sit idly by and let my family face the same hunger and desperation that is rampant there.

Right now, a few rocks are falling, warning of an imminent disaster. If you aren’t prepped, you still have time. Go here to learn more. If you wait until the avalanche begins, it will be unstoppable. You will have waited too long.

My suggestions are:

  • Reduce your expenses to the bone. The less monthly overhead you have, the longer you can live on your savings.
  • Start building an emergency fund. The rainy day may be here sooner than you think.
  • Stockpile food, OTC medications, and other necessities. (Sign up here to get a free report on what they ran out of first in Venezuela. You can use this to build a collapse-proof shopping list.)
  • Get prepared to protect your family. When the economy declines, crime increases.

We’ve been in a decline for years. Our national debt has reached monstrous proportions. Even if Trump is able to pull off a miracle and turn things around, there will have to be drastic cuts for this to happen. Painful ones. People will suffer.

And I’ll do everything I can to protect my family before that happens.

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Haus-Targaryen's picture

I have mixed feelings on Harry Dent.

Either he is right and we are all getting played for Schiff is right and Dent's followers are going to get slaughtered.

I wish people would ask Dent what he thinks about a safe filled with paper USDs.

Creative_Destruct's picture

Add up the various contradictory "predictions" by these "experts" and it all comes out to be a wash. Predicting a complex dynamic system like the world economy is folly. 

There is no such thing as absolute certainty, no matter how much we may crave it.

But our craving for it makes a market for it and gives the guys something to sell.

Haus-Targaryen's picture

Agreed, predicting a complex system is a fool's errand.  Predicting one that is as manipulated as this one is is even more of a folly. 

That being said, the current system does have its intrinsic limits and cannot continue ad infinitum.  I am of the opinion we crossed the "point of no return" Rubicon some time ago and it is being maintained solely by manipulation at this point.  Eventually those that actually manipulate the market will lose control somewhere -- we'll see what happens then. 

I think it is that point many above are attempting to predict, albeit its a tough sell. 

 

Déjà view's picture

Good thing 'Bears' can't read...U.S. still has highest rating bestowed upon it by 2/3 major 'rat'ers...thank you DOJ... 

BaBaBouy's picture

When In Doubt ~ Go For the 8000 Years Old Currency thats Still Around...
Physical AU

PS... The GOLD you hold in your hand today was created Billions of years ago by colliding Neutron Stars.

wildbad's picture

harry dent is wrong about gold but right about his basic and simple premise which is that people that are forming families in industrial countries are the principle economic drivers because they have predictable financial outlays which affect all markets. when fewer children are born less money is injected into the system.

his gold ideas fall apart because he counts dollars as money when he should be using gold as the basis of value.

Mike in GA's picture

Harry Dent's goal is to sell books - I read his "The Great Collapse of 1990" with great enthusiasm.  Then, nothing.  His economic prognostications are like a sail without wind.  If he doesn't blow into it, it doesn't move.

Restorative_Ally's picture

The economic collapse is starting to feel more and more like nibiru. It's always just around the corner.

 

Draybin Deffercon III's picture

Bitcoin will be the silver lining in 2017.

And silver itself will be the lead lining on your boots sinking you in the ocean.

BigDuke6's picture

No
The can will be kicked down the road for a bit longer yet

Dr. Spin's picture

We may get another year out of it iff we're lucky. The author was correct in stating that the emerging markets are the soft underbelly and also that the EU is weaker than us here in N. America...

I don't see us making it past 4Q 2018 without a catharsis...

;-D

JRobby's picture

Long ink

Printers will run some more

BigDuke6's picture

And plenty more money will be extracted from preppers before them

Batman11's picture

In a capitalist system almost no one understands money and debt, this is huge problem.

Imagine if people had understood money and debt before 2008.

It wouldn’t have been a black swan and could be seen in the US money supply.

http://www.whichwayhome.com/skin/frontend/default/wwgcomcatalogarticles/images/articles/whichwayhomes/US-money-supply.jpg

Everything is reflected in the money supply.

The money supply is flat in the recession of the early 1990s.

Then it really starts to take off as the dot.com boom gets going which rapidly morphs into the US housing boom, courtesy of Alan Greenspan’s loose monetary policy.

When M3 gets closer to the vertical, the black swan is coming and you have a credit bubble on your hands (money = debt).

Steve Keen sits outside the mainstream and saw the credit bubble forming in 2005, you can see it in the US money supply (money = debt).

In 2007, Ben Bernanke could see no problems ahead.

Irving Fisher looked at the debt inflated asset bubble after the 1929 crash when ideas that markets reached stable equilibriums were beyond a joke.

Fisher developed a theory of economic crises called debt-deflation, which attributed the crises to the bursting of a credit bubble.

Hyman Minsky came up with “financial instability hypothesis” in 1974 and Steve Keen carries on with this work today. The theory is there outside the mainstream.

To understand the theory you have to understand money:

 “..... debt does not make society as a whole poorer: one person’s debt is another person’s asset. So total wealth is unaffected by the amount of debt out there. This is, strictly speaking true only for the world economy as a whole ..... ” Paul Krugman “End this Depression Now”.

This is the neoclassical economic view of money and it’s totally wrong and will always leave you blind to events like 2008, e.g.

1929 – US (margin lending into US stocks)

1989 – Japan (real estate)

2008 – US (real estate bubble leveraged up with derivatives for global contagion)

2010 – Ireland (real estate)

2012 – Spain (real estate)

2015 – China (margin lending into Chinese stocks)

Norway, Sweden, Canada and Australia have been letting their real estate bubbles inflate because their mainstream economists and Central Bankers don’t know what’s coming.

Money and debt are opposite sides of the same coin.

If there is no debt there is no money.

Money is created by loans and destroyed by repayments of those loans.

If you want to understand how money really works:

From the BoE:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf

Advanced: 

“Where does money come from” available from Amazon

You need to understand how money works to understand why austerity doesn’t work in balance sheet recessions, the cause of the dismal prediction from the IMF that I started with.

You can look at the money supply/debt levels (the same thing) to see how well the economy is doing.

The money supply is contracting – the economy will be doing badly and the risk of this turning into debt deflation is high, there is positive feedback tending to make the situation worse. Debt repayments are larger than the new debt being taken out, the overall level of debt is decreasing.

The money supply is stable – this is stagnation, in the ideal world the money supply should be growing at a steady pace.

The money supply is growing steadily – the ideal.

The money supply is growing very rapidly – you’ve got a credit bubble on your hands and the “black swan” is near. The FED didn’t understand money and debt before 2008 so they missed it. 

Richard Koo explains:

https://www.youtube.com/watch?v=8YTyJzmiHGk

Twelve people were officially recognised by Bezemer in 2009 as having seen 2008 coming, announcing it publicly beforehand and having good reasoning behind their predictions (Steve Keen was one of them and there is not a Central banker amongst them).

They saw 2008 as a debt problem and they know you can’t solve a debt problem with more debt which has been the mainstream solution since 2008.

When you don’t understand money and debt you do all the wrong things.

Mario is still doing austerity now, no wonder those Italian banks are full of NPLs.

It’s too late for Norway, Sweden, Canada and Australia’s mainstream economists and Central Bankers, but we need to get this dismal neoclassical economics updated before the whole world descends into debt deflation.

It’s almost here, there isn’t much time.

Chuck another trillion in to keep this sinking ship afloat Central Bankers, we need to get our technocrat elite up to speed.

Batman11's picture

Twelve people were officially recognised by Bezemer in 2009 as having seen 2008 coming, announcing it publicly beforehand and having good reasoning behind their predictions.

Steve Keen is one of those experts who is on record as having seen the private debt bubble inflating in 2005.

They all think the problem is debt and the drag on the global economy caused by unproductive lending into things like real estate. Productive lending into the real economy generates real wealth to pay back the debt but in countries like the US and UK 80% of lending goes into real estate.

The Central Bankers are trying to use more debt to get out of a debt crisis; they don’t understand money or debt.

Bankers don’t understand money and debt either and just don’t lend into the real economy to generate the money to pay back the debt.

It’s hard to believe debt has been around for 5,000 years and we are as clueless today as we’ve always been.

In the past they acknowledged their ignorance and had jubilee years every seven years to write off all debt and keep things running nicely.

mrbyrite's picture

that's just Jonathan Cahn's Shemitah isn't it?

Batman11's picture

Is 2017 going to be the year of evaporating imaginary wealth?

Wealth - real and imaginary.

Central Banks and the wealth effect.

Real wealth comes from the real economy where real products and services are traded.

This involves hard work which is something the financial sector is not interested in.

The financial sector is interested in imaginary wealth – the wealth effect. Hardly any of their lending goes into productive lending into the real economy.

They look for some existing asset they can inflate the price of, like the national housing stock. They then pour money into this asset to create imaginary wealth, the bubble bursts and all the imaginary wealth disappears.

1929 – US (margin lending into US stocks)
1989 – Japan (real estate)
2008 – US (real estate bubble leveraged up with derivatives for global contagion)
2010 – Ireland (real estate)
2012 – Spain (real estate)
2015 – China (margin lending into Chinese stocks)

Central Banks have now got in on the act with QE and have gone for an “inflate all financial asset prices” strategy to generate a wealth effect (imaginary wealth). The bubble bursts and all the imaginary wealth disappears.

The wealth effect – it’s like real wealth but it’s only temporary.

The markets are high but there is a lot of imaginary wealth there after all that QE. Get ready for when the imaginary wealth starts to evaporate, its only temporary. Refer to the “fundamentals” to gauge the imaginary wealth in the markets; it’s what “fundamentals” are for.

Canadian, Australian, Swedish and Norwegian housing markets are full of imaginary wealth. Get ready for when the imaginary wealth starts to evaporate, its only temporary. Refer to the “fundamentals” to gauge the imaginary wealth in these housing markets; it’s what “fundamentals” are for.

Remember when we were panicking about the Chinese stock markets falling last year?

Have a look at the Shanghai Composite on any web-site with the scale set to max., you can see the ridiculous bubble of imaginary wealth as clear as day.

The Chinese stock markets were artificially inflated creating imaginary wealth in Chinese stocks, it was only temporary and it evaporated.

It’s what happens.

“Stocks have reached what looks like a permanently high plateau.” Irving Fisher 1929.

Irving Fisher’s belief was based on an absolute faith in markets based on neoclassical economics which states markets reach stable equilibriums.

How have we fallen for this nonsense a second time?

In 2007, Ben Bernanke could see no problems ahead.

Ben Bernanke’s belief was based on an absolute faith in markets based on neoclassical economics which states markets reach stable equilibriums.

In 2015, everyone was panicking about the fall in the Chinese stock market.

Everyone’s panic was based on an absolute faith in markets based on neoclassical economics which states markets reach stable equilibriums.

In 2016, no one can see any problems with the housing markets in Australia, Canada, Sweden and Norway.

Everyone’s belief is based on an absolute faith in markets based on neoclassical economics which states markets reach stable equilibriums.

Just like Irving Fisher in 1929 when he said “Stocks have reached what looks like a permanently high plateau.”.

It was wrong then and its wrong now.

kumquatsunite's picture

I remain baffled that Anyone expected Bernake or Greenspan to say anything except what they said. Since when do people respond to what they need to hear? And then if they had said the "real" then what? They just are replaced with someone who says what everyone wants to hear and Bernake and Greenspan get no more free chicken dinners.

How many times do you have to see this to understand it? When we start respecting those who tell us the truth and handle it like adults, then we'll get people who will tell us the truth.

This is actually why Trump was elected. He said, "Hey, Your Country Is On The Verge Of Being Completely Destroyed. Do something now or don't whine in the future."

Heard one of the whiny snowflakes being interviewed from an "elite" college. He, of course, was noting about all the privileges that should be given to illegals and how bad whites are and his social "justice" message was right off the printer. But then the interviewer asked him why he didn't give up His spot at the "elite" college? He just shook his head and whined. Good luck to America because we are going to need it. It'll be suck it up, hoist up your drawers, and live without in order to get this country straight again.

For every action there is an equal and opposite reaction. Send every illegal home. End all immigration. No more welfare for anyone, especially the women dropping babies to then have them classified as "disabled" so the mom can collect the $600 per month disability check per kid (Did you really think Clinton was ending welfare or did you understand he was just changing the game a little, hidding the ball under a different cup, as it were?)

If you want to eat, you work. Always has been a good motto. Time to make it America's motto.

Erwin643's picture

I'll just stick with what the daily, weekly and monthly charts are telling me. Not the doomer porn. As of today, the technicals on SPX and VIX are indicating a continuing positive trend. 

If The World crashes, I'll be ready to short it.

Batman11's picture

The world is convinced real wealth can be created by inflating the value of a nations housing stock.

“Stocks have reached what looks like a permanently high plateau.” Irving Fisher 1929.

Irving Fisher was convinced real wealth can be created by inflating the value of the US stock market.

After a Keynesian interlude from the 1930s to the 1970s we went back to neoclassical economics which is wrong in exactly the same way it was in the 1920s.

That imaginary wealth has a habit of disappearing because there is nothing really there; the same underlying assets are rising in value for no good reason at all.

1929 – US (margin lending into US stocks)
1989 – Japan (real estate)
2008 – US (real estate bubble leveraged up with derivatives for global contagion)
2010 – Ireland (real estate)
2012 – Spain (real estate)
2015 – China (margin lending into Chinese stocks)

The wealth is there and then it’s gone; it’s just temporary wealth not real wealth.

Real wealth comes from the real economy where real things are traded, good and services.

Central bankers and their wealth effect – see above.  

I suppose they have acknowledged it’s just a wealth effect and not real wealth.

Batman11's picture

Central bankers use 1920s neoclassical economics.

More modern economics that sees black swans coming.

Look at the money supply leading up to 2008:

http://www.whichwayhome.com/skin/frontend/default/wwgcomcatalogarticles/images/articles/whichwayhomes/US-money-supply.jpg

Everything is running out of control and the increase in the money supply is going exponential and heading off to infinity.

Money and debt are opposite sides of the same coin.

If there is no debt there is no money.

Money is created by loans and destroyed by repayments of those loans.

From the BoE:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf

Fisher developed a theory of economic crises after 1929 called debt-deflation, which attributed the crises to the bursting of a credit bubble.

Hyman Minsky came up with “financial instability hypothesis” in 1974 and Steve Keen carries on with this work today.

Steve Keen saw the private debt bubble inflating in 2005, it wasn’t a “black swan” to him.

In 2007 Ben Bernanke could see no problems ahead.

When you see overall debt increasing rapidly a credit bubble is forming, you can then nip it in the bud before the damage gets out of hand. This also can be seen in the nation’s money supply (debt = money).

Why are we using 1920s economics?

 

JRobby's picture

The citizens of Gotham demanded that Batman be banned.

HRH Feant's picture

Daisy Luther? Really? This chick has been posting on SHTF.com. Is she wearing daisy dukes? Dunnot. Good luck selling doom porn and crappy food with too much salt and too many chemicals. Not my cuppa tea.

Cthonic's picture

We gotta install Faraday cages
Custom ammo deliveries
We gotta move diesel generators
We gotta eat these older MREs

Sky flyer's picture

I am no expert but I have noticed it takes 5 to 10 bad/terrible things happening in one day to even drop the DOW a little. One bit of good news and stocks soar. There are no markets therefore there is no way of predicting them. I am as qualified as these "experts".

sinbad2's picture

There is no market, the US and EU economies are more centrally controlled than the old Soviet Union.

JRobby's picture

No market thaks to CB's, TBTF, Derivatives 

Panic Mode's picture

Euro will get seriously fucked in every single direction and I will enjoy the show with popcorns.

sinbad2's picture

Yep the Euro and the US dollar are cactus, both have printed mountains of money, but don't have the assets to back the money.

The only reason both are still standing is their ability to control the markets, and the penchant to kill any who question their rule.

But a tipping has been reached, and it's all downhill from here. In a decade the US will be poorer than Mexico, and Europe will join the Eurasian group to escape the poverty.

SantaClaws's picture

"The only reason both are still standing is their ability to control the markets, and the penchant to kill any who question their rule."

Libya's Gadhafi may have found that out the hard way.  http://www.thenewamerican.com/economy/markets/item/4630-gadhafi-s-gold-m...

Don in Odessa's picture

No worries. The Fed will bail us out with their fake money.

mpyre's picture

Fear sells...sums it up nicely.

 

Number Two's picture

when you say 'Financial Experts' implying that they are NOT, then say spoiler allert - it's ugly.  Are you implying then that is looks quite 'Rosey'??  As the 'Experts' are generally wrong..

JRobby's picture

Thanks,  I already have a dental implant guy with a gorgeous assistant.

sTls7's picture

NAR...lol.  hilarious.   What? No Krugman. 

angry_dad's picture

a chimp flipping a coin beats his predictions 100% of the time

bankerssuck's picture

So, the "economists" were asked their predictions on the economy for 2017.

Dent is so fixated on gold, but it is just an old relic that no one cares about, right?

It only provides (or could provide) a solid savings base of honest money for an economy and trade, but its an old relic, right?

He never made a prediction on the economy, very strange... reminds me of another old relic, a paper dollar hack.

 

Kefeer's picture

Does the US financial system (i.e markets - cough cough) fall first or is it the last "man" standing? 

If it is the latter, then we see an accelerated burn as China, Japan and Europe take the cliff dive first.  The other possibilities are they all fall together, rather than like dominoes or it begins to fall and a "magical safety net" stops the fall.

 

Your opinions; yes I'm speaking to you and of course you.

unklemunky's picture

Bla bla bla. The fucking sky is falling. You bet. There are no experts.....for anything....anywhere. Just look at corporate America. A bunch of over educated idiots with no backbone, no street smarts and no fucking clue what the word "cash flow" feels like. They are pussies. The men who made the industry of today earned their expert status by doing the grunt work and building great businesses without a fucking MBA from some bobblehead Indian at an Ivy League Day Care. Those folks are long gone. It's time for a new batch. And in my opinion, an MBA should be a big red flag that you have an idiot in front of you who wastes time on the wrong things when he could have been getting real experience.

SweetDougisaTwat's picture

As soon as I see Chris Martenson in the list of 'Financial Experts' I know this article is worthless at best.  Martenson is the litmus paper test (dipped in shit).

SweetDougisaTwat's picture

Oh for Christ's sake!  I just saw Harry Dent's name in the list.  That worse that Martenson.

Herdee's picture

The predictions all revolve around one item of concern. It all comes back to the deficit no matter how you look at it. Where is the tax base to pay for rising interest rates on the deficit? You are fighting the biggest deflationary trend in history, demographics. The aging population and the baby-boomers are hitting everything very hard. You combine that with a war machine on behalf of the military/industrial/spy complex with a thousand military bases worldwide and you end up with Cities that are decaying and low life scum like Obama/Hillary that are nothing more than bloodsuckers.

kumquatsunite's picture

Sat in the McDonalds at Welfaremart last night just watching the "people" trundle through. Never thought that in this great country ya'd see such low life pond scum. (Eat at McDonalds once a year just to see if it is as bad as remembered).

Imagine that you want to juice the economy...you let in one-half of Mexico, give them California to send Back To Mexico via payments, goods, ect. Now imagine that China decides, well hell yea, it is time to invade the US and we'll come in through Vancouver, BC because it's already half Chinese and no one will notice us gearing up for that. And of course, with the west coast made up of liberals and foreigners, who do ya thunk is gonna fight them off?!!

So think of the Amazon series, The Man In The High Castle, but think China.

The liberals have been juicing the economy for so long they don't know what to do now. Obomao is getting out just to leave the mess behind, but since he doesn't know how to create...only how to destroy (See Muslim indoctrination aka childhood), he will now have free reign to encourage the blacks to run amuck. Does it not seem odd that none of the black elites (Oprah, Obomao, Michelle, ect ever say, "hey black men, maybe you shouldn't be dropping sperm everywhere? since 90% of those who fought and who died in WWII were white men who were brought up in A Christian culture of decency and honor.

Where else can you get the courage to be on those beaches except Christianity? These liberals will go belly up to the invaders and lick their boots. Trump Needs to End All Welfare Payments, End Disability to Children who Aren't Dramatically and Completely Disabled, and NOT Pay Their Own Parents as "Caretakers" (parents designated as caretakers get a check every month to care for their own children).

Lastly, when you hear all the screeching about college loans? It's because the "loans" are huge in order to buy cards, travel, buy clothes, ect. These aren't the old college loans of scrimp, save, work full time while going to school. These loans are graft.

Iconoclast421's picture

And how many of those people got 2013 right?

angry_dad's picture

Note,

Most of these predictions are from "economists"

Lets look at the 3 separate department represented by these predictors and their perception of current events;

-----------------------------------------------

Finance majors---make things happen

Mnagement majors---watch things happen

Economists---wonder what the hell just happened

-------------------------------------------------

Anyone who trusts an "economist" will always be in the dark