Peter Schiff Warns 'Deep State' Unafraid To Crash The Market On Trump's Watch

Authored by Mac Slavo via SHTFplan.com,

The S&P 500 closed down more than 2.4% Monday and the broad market index posted its worst April start since 1929.  This slide in the markets caused the worst start since the Great Depression, sparking fears we are on the same path.

The Dow Jones industrial average fell 1.9 percent (or 458 points) as China’s retaliatory tariffs against United States agricultural goods stoked fears of a global trade war. Dow stocks with large international markets now exposed to global tariffs such as Boeing and 3M, led the decliners.

[And markets are accelerating back lower today]

Many market analysts have predicted we will live through another Great Depression, and Peter Schiff says this next one will be far worse than one our ancestors lived through. 

“The bad news is, we are going to live through another Great Depression and it’s going to be very different. This will be in many ways, much much worse, than what people had to endure during the Great Depression,” Schiff says.

“This is going to be a dollar crisis.”

“The Fed thinks they create economic growth…by [saying] ‘let’s jack up the stock market and then the economy’s going to grow and people are going to go out and spend more money.,’” says Schiff. 

“It’s actually doing damage. If you create a bunch of phony wealth, and people end up spending money that they otherwise would have saved, you are undermining economic growth.”

And Schiff, who accurately predicted the 2008 recession, has now predicted the dollar crisis.  The dollar is now in a downward spiral thanks to China’s petro-Yuan.

Bespoke Investments Co-Founder Justin Walters, who also noted the historic nature of the close,said in an email that equity fears aren’t likely to abate until earnings arrive.

“Based on recent market action, the bears clearly have control right now,” Walters wrote. “The path of least resistance is lower until something comes along to reverse that trend.”

Schiff, in contrast, says the deep state (those who operate the Federal Reserve) is not afraid to crash the economy on Trump’s watch.

Schiff says “it’s not a good thing” that the economy is going to crash and burn.

“Unfortunately, that’s what Trump has inherited from Obama. But it’s not even really just Obama, it’s the federal reserve. It’s the monetary policy that has been passed like a baton from Clinton to Bush to Obama and now to Trump. And we’re near the end of the game and unfortunately, Trump’s gonna be the fall guy.  This thing is all gonna collapse while he’s president.

The tax cuts will give Democrats a reason to blame the collapse all on the Republicans, says Schiff.And we are getting close to this collapse. –SHTFPlan

The trade wars with China is also the perfect smokescreen for an economic crash and will allow the mainstream media to wholly blame Trump when it happens.

I’m hitting readers with all of this because I am growing rather tired of the contingent of Trump apologists in the liberty movement scrambling to defend every single Trump action no matter how illogical. These people should know better. Sorry, butTrump is not “playing 4D chess” against the globalists. His primary actions have only served so far to create a useful distraction away from the globalists.

The disturbing key to all of this is the fact that many of Trump’s policies are things that I and many others have argued for in the past. The problem is, he is implementing them out of order and with bad timing, which will only make such policies appear destructive in the end, rather than constructive. –Alt Market.com

Trump is looking like he will be fall guy, and when the economy does crash; and it will, Trump won’t be able to do a whole lot to stop it – in fact, he will be seen as the cause.  His policies are slightly dangerous, but he and his “ride or die” supporters won’t state the truth and just like the mainstream media, they will tow the line with no real blame from either side going to where it belongs: The Federal Reserve.

Comments

mobius8curve BaBaBouy Wed, 04/04/2018 - 09:08 Permalink

It is all about creating a crises that they already have the fix in place to initiate. It will include complete survalience for controlling the masses while moving them onto blockchain:

https://www.theatlantic.com/technology/archive/2017/05/blockchain-of-co…

Michael Pento has a good warning about it all coming apart by October:

https://usawatchdog.com/fed-panic-stricken-about-inflation-michael-pent…

Once their pieces are in place, the next step is controlling who is allowed to buy and sell. Please remember it manifests in 7 year cycles:

https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-…

 

In reply to by BaBaBouy

Ron_Mexico cheka Wed, 04/04/2018 - 09:59 Permalink

indeed. People forget that as late as September, 2008, McCain led Obola in all the polls. That's when they really "took the sucker down," at which point even Jeebus himself could not have won as a Republican.  The only difference this time is they want to take Trump out ASAP (i.e. after mid-terms). And they want the economy smashed and the Trumpster disgraced.

In reply to by cheka

DownWithYogaPants Stuck on Zero Wed, 04/04/2018 - 11:40 Permalink

Trump could print United States Notes and start using.  Fill in the divots as they occur due to the Federal Reserve.  The bigger / more the divots the faster we transition out of Federal Reserve notes.  

Of course he would have to live in a bunker the whole time or we'll spend the next 50 years being told we are conspiracy theorists because we don't believe a word the government tells us about "the incident"

In reply to by Stuck on Zero

pods mobius8curve Wed, 04/04/2018 - 09:15 Permalink

Deep State or the logical conclusion to a fractional reserve currency?

My bet is the latter. They simply cannot keep up this pace of printing ($1T YoY) anymore.  

Sorry, this sounds nice that they are gonna crash shit on Trump, but HE is announcing tariffs and such.  

Trump is in on it. We will start a trade war (China), or a real war (Russia, ME) to cover for it.  No way the "debt king" is not in on this shit.

Sorry Schiff.  If I can figure this shit out, there is NO WAY IN HELL that those in charge of our money supply and their government spouses haven't been worried about this shit for a LONG time. The system simply cannot keep absorbing new debt, and the carrying capacity of the government is being stretched to the max, especially since they cannot hide inflation on the street anymore and the stock market has turned into a cheap casino where everyone who walks in is granted as much leverage (and free drinks) as they want.

pods

In reply to by mobius8curve

GreatUncle pods Wed, 04/04/2018 - 10:08 Permalink

I agree on your latter belief.

For me if you brought the Keynesian spending today and the future into the same point in time ... that is NIRP.

That style of economics is now global ... so in effect they decieved us into living in a NIRP world.

To sustain the current economy now it has to go NIRP rates and the only reason it has not done so before now is fractional reserve banking, QE and all the other CB tools concealed it.

Their problem now ... how to keep their NIRP style economy going without the economic slaves realising that is what it is.

In reply to by pods

SDShack pods Wed, 04/04/2018 - 13:02 Permalink

Yep, all Ponzis eventually die, and no one knows that better then the Ponzi creators. Ponzis only have 2 states, growing or collapse. You cannot taper or unwind a Ponzi. Inevitably, the creators of the Ponzi KNOW it will collapse, as such, the entire design of the Ponzi is to enrich the creators, and wipe out the "investors". My opinion is the long game for the creators is to use the chaos of the collapse to establish a New Feudal World Order after the collapse. The big unknown is how much death, carnage and destruction will occur with the collapse, and whether the sheeple will determine WHO is really responsible, and turn on the elites. You can bet the USSA security state is planning for all contingencies... _exit, Depression/Humanitarian Crisis, Anarchy, Revolution, Civil War, WWIII, etc., so plan accordingly.

In reply to by pods

John Kerry-Heinz SDShack Wed, 04/04/2018 - 14:04 Permalink

Agreed.  Medieval "Free Cities" is the future of the government power structure.  In fact, the framework has already been implemented and is in the early stages of becoming 100% functional.  The best examples being our "sanctuary cities" that refuse to abide by federal laws no matter what the cost.  These "cities" are now operating as autonomous structures....

We can see the future, as it is a return to the past.

"Toward the end of the Holy Roman Empire, there were 50 such Free Cities, several no larger than small towns"

In reply to by SDShack

Abaco mobius8curve Wed, 04/04/2018 - 12:27 Permalink

Another idiot (you and the Atlantic author) mouthing off about block-chain without understanding it at all.  The dumb article talks about using computers to manage parking (for instance) automatically with IOT connectivity.  Fine.  Then throws block chain around, like so many other ignorant fad jumpers, as if what he describes couldn't be done without using block chain, and without describing how blockchain adds value.

Why would anyone, other than the parking lot owner, want to operate a node for processing blockchain parking transactions?  Well, only if they got paid to do so. Why would a parking lot operator want to cut someone else in on their business? If they did want to outsource it what does block chain get them that simple non-distributed tech does not?

In reply to by mobius8curve

The Ram lester1 Wed, 04/04/2018 - 09:16 Permalink

The markets are not real, but the everyday main street economy is real and that is what is failing pretty quickly in my view.  Markets can be made over night and corrected at will, but it is much more difficult to physically construct durable and useful infrastructure as well as build a viable culture.  The 'real' issues are whether the country can maintain an aging infrastructure and whether the 'culture' can sustain a healthy and productive lifestyle.  On the latter, things are not looking too good.

In reply to by lester1

SDShack The Ram Wed, 04/04/2018 - 13:10 Permalink

Collapse is inevitable, but the exact time is unknown. Also unknown is how many sheeple will gladly accept their serfdom in the NWO, versus patriots that want to hold the creators of the collapse accountable and vow to rebuild free society with the Rule of Law. The answer to that question will tell a lot about when the elites pull the plug.

In reply to by The Ram

Dickweed Wang lester1 Wed, 04/04/2018 - 09:44 Permalink

Sooner or later the true forces of the financial markets will overcome the machinations of the deep state, no matter how powerful they think they are and regardless of how much fiat money they can conjure out of thin air. The question is; what ends will the cabal go to in an effort to save their existing system and the power that goes along with it? In the past they've always resorted to war - bigger and bloodier each time.

In reply to by lester1

zimboe Truther Wed, 04/04/2018 - 10:31 Permalink

The stinking garbage-head Democrats are enemies of the state, as is obvious to anyone with a working, non-Communist brain with intact bullshit filters.

They would deliberately burn down America, destroying all, in order to rule over our ashes and our charred corpses.

...

I will say this again, as many times as is necessary:

It is the time for Revolution.

Soon, God willing, comes the Season of the Gibbet: of the Rope, of the Lantern, of the Axe, and of that cruel angled blade, swift-descending to plunge through their evil necks.

Their coffins shall be baskets. Their blood shall be spilled as no more worthy than rain-water.

Copy, paste, and distribute the above as you please.

...

Hello, Spooks, sneakily reading and recording my "seditious" words for later prosecution. I know you are watching us all.

Am I on your fucking double-secret watch list yet? I HOPE SO.

Now fuck off.

When the time comes, and it will, you better find yourself on the right side.

In reply to by Truther

shortonoil pc_babe Wed, 04/04/2018 - 10:19 Permalink

The deep state has no more control of this than the man in the moon. The world is pumping 9 barrels of oil for every one it finds to replace it. The oil age is ending, and the civilization that was built with that oil is ending with it! There is new technology coming to replace that oil, but it may be very dangerous for us to use. Without it the deep state will be as extinct as all the rest of us.

In reply to by pc_babe

BandGap DisorderlyConduct Wed, 04/04/2018 - 09:25 Permalink

Trump was always going to be the fall guy. 

Taking "credit" allows him some control of the narrative. He is going to take the Fed out by blaming them for the loose policies of the past 5 decades. This is my little dream

Funny how his approval ratings are up these days. Maybe the wool isn't over everyone's eyes.

In reply to by DisorderlyConduct

CatInTheHat BandGap Wed, 04/04/2018 - 11:44 Permalink

Trump IS PART OF 'THEM'. THINK, MAN. 

Bolton is the key. Do you really believe these deep state Spooks are gonna crash the markets so bigly as to leaving the sheeple wondering whose the cause? The next crash worse than the great depression? What does Schiff really MEAN by that? 

What the elite fear the most is an angry, REVOLTING electorate. Enter Bolton and Rothschild Zionist banksters end game with a world war leaving the sheeple in ASHES while the elite politicians and bankster defense contractor friends run with the loot to their lavish bunkers or that nice property in N. Zealand. 

We won't get out alive with the next crash. And Trump will move right along witg them. He will be richly rewarded for doing his part.

Just business, nothing personal....

In reply to by BandGap