[5/1/17] These Staggering Facts Prove A Cataclysm Awaits Us – Experts Warn Of ‘Worst Case Scenarios’ Unfolding With ‘Danger Zone’ From Summer Through November
According to Saturday’s story from ‘Tyler Durden’ over at Zero Hedge, nearly 1 out of every 4 American adults are unable to pay their monthly bills in full with 25% of adults skipping medical treatments due to their expense while 28% of US adults have no retirement savings or pensions at all. Reporting also that 44% of American adults would be unable to pay an unexpected expense of $400 such as a car repair and would either have to borrow more money and go further into debt or sell something in order to meet such an expense, we take a look within this story at the very real human cost of the financial cataclysm that awaits humanity.
With former Ronald Reagan Director of the Office on Management and Budget David Stockman recently warning Greg Hunter at USAWatchdog that a ‘fiscal bloodbath and market crash’ is about to occur, we see that such a ‘crash’ brings along with it homelessness, hopelessness, drug abuse, suicide and crime waves as people do whatever they need to do to survive. With every economic travesty comes great human sufferering and tragedy. And with expert after expert warning of danger ahead in the high stakes world of finance, the average American should prepare themselves for what it will be like to live without a house or a car or job should those worst case scenarios we’re now being warned about unfold.
While Stockman believes this ‘bloodbath’ will likely occur between August and November of 2017, we’ll remind you that ANP doesn’t like to put exact dates on future events that are out of our own control. Though all things seem to be aligning politically, socially and economically for ‘an event’ as detailed within this story, it’s impossible to estimate the coming cost of human suffering as a result of the impending financial cataclysm. First, from Mac Slavo over at SHTFPlan:
As time goes on, it’s becoming abundantly clear that Trump isn’t going to be able to prevent a major financial crisis in this country. Depending on your beliefs, that’s either because he’s inept in some way, or because he’s being hamstrung by a political system that’s determined to keep our nation on the same unsustainable path. Whatever the case may be, it seems that there is no way that we can change course at this point. We’re headed for a financial crisis, and it’s going to happen sooner rather than later.
That’s also the opinion of David Stockman, a former Congressman and director of the Office of Management and Budget under Ronald Reagan. In this interview with USA Watchdog, he reveals why the market rally that broke out after the last election, “was the greatest sucker’s rally we have ever seen.” He also explains why the economy could go off the rails this year, after our government endures a major budgetary crisis.
Earlier this month our government avoided a shutdown, because Trump decided to sign Congress’s $1.2 trillion spending bill. In effect, he postponed a serious fight with Congress for later this year.
On May 2nd he tweeted “Our country needs a good ‘shutdown’ in September to fix mess!” So clearly, next time he’s going to be a lot less compromising in his efforts to change the budget. That’s going to spawn a fight over the budget between Trump and both political parities, and according to Stockman, that’s when the next wave of our financial collapse is going to arrive.
“There will be no bid for the stock once the panic sets in. We’re going to hit an air pocket. The S&P 500 is going to drop by hundreds and hundreds of points sometime over the next few months as we drift into this unexpected crisis. . . .
I would target sometime between August and November because that’s when the rubber is going to meet the road on a debt ceiling increase when they are out of cash. Washington is going to end up in vicious political conflict over what to do about the debt ceiling. . . . It is going to be one giant fiscal bloodbath the likes of which we have never seen.”