Over The Last 10 Years The U.S. Economy Has Grown At EXACTLY The Same Rate As It Did During The 1930s

Even though I write about our ongoing long-term economic collapse every day, I didn’t realize that things were this bad.  In this article, I am going to show you that the average rate of growth for the U.S. economy over the past 10 years is exactly equal to the average rate that the U.S. economy grew during the 1930s.  Perhaps this fact shouldn’t be that surprising, because we already knew that Barack Obama was the only president in the entire history of the United States not to have a single year when the economy grew by at least 3 percent.  Of course the mainstream media continues to push the perception that the U.S. economy is in “recovery mode”, but the truth is that this current era has far more in common with the Great Depression than it does with times of great economic prosperity.

Earlier today I came across an article about President Trump’s new budget from Fox News, and in this article the author makes a startling claim…

The hard fact is that the past decade’s $10 trillion in deficit spending has produced the worst economic growth as measured by Gross Domestic Product in our nation’s history.  You read that right, in the past decade our nation’s economy grew slower than even during the Great Depression. This stagnant, new normal, low-growth economy is leaving millions of working age people behind who have given up even trying to participate, and has led to a malaise where many doubt that the American dream is attainable.

When I first read that, I thought that this claim could not possibly be true.  But I was curious, and so I looked up the numbers for myself.

What I found was absolutely astounding.

The following are U.S. GDP growth rates for every year during the 1930s…

1930: -8.5%
1931: -6.4%
1932: -12.9%
1933: -1.3%
1934: 10.8%
1935: 8.9%
1936: 12.9%
1937: 5.1%
1938: -3.3%
1939: 8.0%

When you average all of those years together, you get an average rate of economic growth of 1.33 percent.

That is really bad, but it is the kind of number that one would expect from “the Great Depression”.

So then I looked up the numbers for the last ten years…

2007: 1.8%
2008: -0.3%
2009: -2.8%
2010: 2.5%
2011: 1.6%
2012: 2.2%
2013: 1.7%
2014: 2.4%
2015: 2.6%
2016: 1.6%

When you average these years together, you get an average rate of economic growth of 1.33 percent.

I thought that was a really strange coincidence, and so I pulled up my calculator and ran all of the numbers again and I got the exact same results.

The 1930s certainly had more big ups and downs, but the average rate of economic growth during that decade was exactly the same as we have seen over the past 10 years.

And of course the early 1940s turned out to be a boom time for the U.S. economy, while it appears that our rate of economic growth is actually slowing down.  As I noted yesterday, U.S. GDP growth during the first quarter of 2017 was just 0.7 percent.

But you don’t hear any talk like this on the mainstream news, do you?

Instead, they tell us that everything is just peachy.

I often wonder what things would be like right now if Barack Obama and his minions in Congress had not added more than 9 trillion dollars to the national debt.  By stealing all of that money from future generations of Americans and spending it now, Obama was able to artificially prop up the U.S. economy.  If we were able to go back and remove 9 trillion dollars of government spending from the economy over the past 8 years, we would be in a rip-roaring economic depression right now.  For an extended analysis of this, please see my previous article entitled “The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy”…

But even though we have been adding more than a trillion dollars to the national debt each year, and even though the Federal Reserve pushed interest rates all the way to the floor during the Obama era, the U.S. economy has not grown by three percent or more on an annual basis since 2005.

When you take an honest look at the numbers, there is no way that anyone can possibly claim that the U.S. economy is doing well.  The best that you can say is that we have been staving off a complete economic meltdown and another Great Depression, but of course the measures that our leaders have been taking to do this have just been making our long-term problems even worse.

I feel bad for President Trump, because he has inherited the biggest economic mess in U.S. history.  When we finally reach the point when it is impossible to artificially prop up the U.S. economy any longer, he is going to get most of the blame, but he won’t deserve it.

It is not going to be possible for Trump or anyone else to fix our system, because it was fundamentally flawed from the very beginning.  The Federal Reserve was designed to create an endless spiral of government debt, and since the day it was created the U.S. national debt has gotten more than 5000 times larger and the value of the U.S. dollar has declined by about 98 percent.

If we truly want to fix the economy, the Federal Reserve must be abolished.  If I was President Trump, I would look to start issuing debt-free U.S. currency just like President Kennedy did in 1963 as soon as possible.

In addition, we need to push tax rates as low as possible.  Personally, I would like to see the day when the personal income tax is completely eliminated and the IRS is shut down.  The greatest period of economic growth in all of U.S. history was when there was no income tax and no Federal Reserve.  America once thrived in such an environment, and I believe that we can do it again.

Of course we need to also dramatically reduce the size and scope of the federal government.  Our founders intended to create a very limited federal government, but instead the left has just kept pushing to make it larger and larger.

Businesses all over America are being strangled to death by mountains of federal regulations, and if we could just get the government off of their backs the business community could start thriving again.  There are quite a few government agencies that could be shut down entirely, and I think that the EPA would be a good place to start.

Once upon a time the United States showed the world the power of free markets and capitalism, and if we want to make America great again, we should go back and do the things that made America great in the first place.

But would the American people be willing to go down that path?

Credit to Economic Collapse

Gerald Celente Globalists Are Going To Collapse World Economy

It’s one thing to prep for the next hurricane or tornado or economic calamity. There are a lot of really basic skills and supplies that will get you through those situations, and pretty much anyone can acquire them. But the scenarios that are truly difficult to prepare for, are the ones that involve the total collapse of our society for any given period of time. That’s because surviving those scenarios requires you as an individual, to pick up the slack of everyone else in society.

The globalists claim that reforming the very nature of capitalism will be needed to combat the rise of populism and nationalism. Following the global financial crisis, the report highlights the massive inequality gap in growth in developed countries. It also mentions that over the next several years technology could cause a catastrophic social change due to automation entirely wiping out jobs.

“This points to the need for reviving economic growth, but the growing mood of anti-establishment populism suggests we may have passed the stage where this alone would remedy fractures in society: reforming market capitalism must also be added to the agenda,” it said in its latest Global Risks Report.

“The combination of economic inequality and political polarization threatens to amplify global risks, fraying the social solidarity on which the legitimacy of our economic and political systems rests,” it added.

At the helm of the Trends Research Institute, Gerald Celente returns with comments on gold and US equities. Geopolitical events are escalating amid saber rattling with Syria and North Korea – such events oftentimes result in market trends with key implications for global investors. Although the post-election rally in US shares is impressive, a reaction is necessary to sustain the upward momentum. Still, with sluggish retail sales via the "Retail Apocalypse," Wall Street may continue to rally while Main Street stagnates. 

Global currency volatility is improving the appeal of alternatives, such as gold and Bitcoin. Once the yellow metal crosses $1,400, Gerald Celente anticipates a new bull rally will drive the precious metal above the former 2011 peak to $2,000 an ounce. The Trends Journal compares cannabis legalization to 1933 and the end of prohibition. For instance, Canada recently decriminalized cannabis and many US states allow recreational / medicinal usage. Colorado is earning more tax revenue on a medicinal herb than on toxic potent potables. Gerald Celente and the host question why yet another tiny impoverished county with millions of starving, honest, hardworking souls, is the target of the world's most potent military force. 

Historically, when globalization goes into reverse or in other words collapses; the economy does too. Looking through the history of the years before World War One, a similarity emerges.

Credit to mydailyinformer.com

http://www.mydailyinformer.com/gerald-celente-globalists-are-going-to-collapse-world-economy/

The 8 Most Dangerous Medicines on Earth

2017 Has Seen a Terror Attack Attempted in Europe Every Nine Days

Europe, the United Kingdom, and Russia have witnessed terror attacks or attempted attacks every nine days in 2017 on average, analysis of security incidents has revealed.

Since January, around 45 people have been killed by mostly Islamic terrorists, while hundreds have been injured. The only known incident not linked to jihadism in 2017 was the attack on the Borussia Dortmund soccer team by a Russian-German national attempting to profit from short-selling stock in the company.

Attacks and attempted attacks have taken place in Austria, France, the United Kingdom, Belgium, Italy, Russia, Sweden, Norway, and Germany.


Security services in Britain — population 65 million — are known to be tracking 3,500 potential terror suspects or persons posing a threat. Meanwhile Belgium, with its population of just 12 million, is tracking around 18,000 potential jihadists.

A further minimum of 14 terror attacks have occurred in Turkey in 2017, a NATO member country currently being considered for European Union membership.

Details:

Date	Location	Result	Attackerprofile	Name	Fate of Attacker
20 January 2017	Austria	foiled	18-year-old was an Austrian citizen of a migrant background		arrested
3 February 2017	Paris, France	executed	Egyptian national on tourist visa	Abdullah Reda Refaie al-Hamahmy	arrested
10 February 2017	Paris, France	foiled		Four arrests including 16y/o girl	arrested
18 March 2017	Garges-lès-Gonesse and Orly Airport Paris, France	attempted	Radicalised French-born Muslim of North African origin	Ziyed Ben Belgacem	dead
22 March 2017	Westminster, London	executed	British. Muslim convert	Khalid Masood	dead
23 March 2017	Antwerp, Belgium	attempted	Tunisian national	Mohamed R.	arrested
30 March 2017	Venice, Italy	foiled	Three adults from Kosovo	Three men and an unidentified minor	arrested
3 April 2017	St. Petersburg, Russia	executed	Ethnic Uzbek, Kyrgyz-born Russian citizen	Akbarzhon Jalilov	dead
7 April 2017	Stockholm, Sweden	executed	Uzbek failed asylum seeker	Rakhmat Akilov	apprehended
8 April 2017	Grønland, Oslo, Norway	foiled	17y/o Russian citizen. Asylum seeker (arrived 2010). MEDIA CLAIM was known to Norwegian security services for having expressed support for Islamic State	unnamed (underage)	arrested
11 April 2017	Dortmund, Germany	attempted	An Iraqi (Abdul Beset A) linked to Islamic State arrested, but later found to not be related to the attack. On 21 April, Sergej W., a market trader, was arrested.	Sergej W. Joint Russian-German national	arrested
18 April 2017	Marseille, France	foiled	Plot against at least two candidates in the French presidential election	two arrests`	arrested
20 April 2017	Champs Élysées, Paris, France	executed	39-year-old gunman known to intelligence services as an Islamist. French national.	Karim Cheurfi/Abu-Yusuf al-Baljiki (“the Belgian” identified via Amaq)	dead
18 May 2017	Milan, Italy	executed	Half-Tunisian, half-Italian radicalised. Not on a terror watch list, but known to police for criminality	Ismail Tommaso Ben Yousef Hosni, 21	arrested
22 May 2017	Manchester Arena, Manchester	executed	tbc	One (unnamed) male	dead

 Credit to breitbart.com

http://www.breitbart.com/london/2017/05/23/2017-seen-terror-attack-attempted-europe-every-nine-days/

Why The Chinese Yuan Won't Be The World's Reserve Currency

Authored by Valentin Schmid via The Epoch Times,

Whenever someone gets too big and too important, the other players who can’t compete by themselves call for a challenger. This is true in sports, business, and even for currencies.

Because the dollar is so big and important, smaller countries were happy when the euro was launched to provide a counterbalance, if not to challenge the dollar’s position outright.

The euro ultimately provided that counterbalance, but never managed to dethrone the dollar as the world’s foremost reserve currency. The euro is used in 30 percent of all global payments, according to payment provider SWIFT; the dollar is still number one, at 40 percent.

But what about the Chinese currency, the yuan, the one that investment bank HSBC predicted would become the third-largest global trade currency by 2015—is it the ultimate challenger to the dollar’s top status? Not so much.

Only 16 percent of Chinese trade is settled in yuan, or renminbi (RMB), and the share of global payments ranks sixth at only 1.78 percent, behind the dollar, euro, pound, yen, and even the Canadian dollar.

To be fair, China’s leadership never called for the yuan to overtake the dollar. It was mainly Western cheerleaders like HSBC that looked at the country’s economic growth and applied it to the currency. 

Many pundits also thought the yuan would take a stronger role after Donald Trump’s election last November.

“No longer is the U.S. dollar the only haven of safety. There is an alternative—renminbi,” Daryl Guppy, CEO of the Guppytraders financial market training platform, told CNBC in November. 

Reserve Qualities

But what does a currency have to be or do to become the world’s reserve currency? Will the yuan ever qualify, and is the Chinese leadership pushing to replace the dollar?

According to a report by investment bank Natixis, there are four functions a successful currency needs to fulfill for both the private and the public sectors.

The first is being a medium of exchange. For private sector payments, we already saw that the RMB’s share is minuscule compared to the euro and dollar. Even the RMB’s use in trade with and investment into China is relatively small and no longer growing, according to the report.

Public sector payments between governments and central banks are conducted via central bank swap lines. They allow central banks of different countries to issue money that is not their own. For example, during the financial crisis of 2008, the Federal Reserve provided the world’s central bank with as much as $620 billion in liquidity. China’s swap lines amount to $430 billion, but are hardly ever used.

The second function is being a store of value, so that private players can invest their money in yuan assets like stocks and bonds and preserve their purchasing power. Also here, foreign ownership of Chinese equities is not very large, at around 0.8 percent, and for Chinese bonds, only slightly larger at 2 percent. Foreign bank deposits and loans into China have also been falling since 2014.

For the public sector store of value, that is, global central banks’ holding of foreign currency, the yuan’s share is 1 percent, despite the admission to the International Monetary Fund’s (IMF) special drawing rights (SDR) basket late in 2016. The dollar still takes the lion’s share at 64 percent.

The third function is the so-called unit of account. This means that trade invoices, for example, are issued in RMB and then paid in RMB rather than dollars. Also here, even for Australia, one of China’s biggest trading partners, only 0.5 percent of exports to China are invoiced in RMB.

For the official unit of account, another country would need to peg its currency to the RMB, but given China’s relatively closed capital account, this hasn’t happened yet. At least the RMB is now part of the SDR, which functions as a unit of account for the IMF, but it only has a 10.9 percent weight.

Lastly, the currency needs to have developed fixed income marketswhere payments can be parked in the form of bank deposits or bonds.

 And while local Chinese corporate bond issuance is strong, foreigners aren’t buying into it, and the Chinese government bond market remains small in comparison to those in the United States and Europe.

Furthermore, bank deposits in RMB in the so-called global clearing centers are also falling. In Hong Kong, for example, only 5 percent of all bank deposits are in RMB and 37 percent in dollars.

Zhou Xiaochuan, governor of the People’s Bank of China, in Beijing on March12, 2015. Unlike Western pundits, the Chinese central bank never wanted the yuan to replace the dollar.  (Feng Li/Getty Images)

This, however, is not a disappointment for the Chinese regime, but rather for their Western cheerleaders. The Chinese have always favored an international solution to replace the U.S. dollar, namely in the form of the SDR, as China’s central bank governor Zhou Xiaochuan called for in a 2009 speech at the Council on Foreign Relations.

“The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations,” he said.

Credit to Zero Hedge

The Central Bankers Make Their Move To Control All Currencies

Bible Codes Expert Finds Repetition of Sixes During Trump Visit

“Moreover concerning the stranger that is not of Thy people Yisrael, when he shall come out of a far country for Thy name’s sake…when he shall come and pray toward this house.” I Kings 8:41-42 (The Israel Bible™)


US President Donald Trump and his wife Melania arrives at Ben Gurion Airport near Tel Aviv on May 22, 2017, for his first official visit to Israel since becoming US president. (Miriam Alster/Flash90)

Though parts of President Trump’s itinerary while in Israel are still undecided, and the political agenda, especially concerning the moving of the US embassy to Jerusalem, are still in flux, for two Israeli rabbis everything about the major political event is clear and revealed.

President Trump landed in Israel on Monday morning, which is coincidentally the 26th day of the Hebrew month of Iyyar, the 50th anniversary of the first day of the Six-Day War. Rabbi Matityahu Glazerson, an expert in Bible Codes, explained how this repetition of sixes is significant.

“This day is too auspicious to be a coincidence,” Rabbi Glazerson said in a video about the president’s visit. “It is a day with great potential. If it is good, it can be amazing, but if it is not good, it can be very bad indeed.”

This assessment very much reflects the all-or-nothing nature of the six-day war of survival Israel fought in 1967. Beginning with indefensible borders, nine miles wide at the narrowest, the Israeli Air Force sent out all but twelve of its combat aircraft in an early morning raid. By noon, the IAF had succeeded in effectively destroying the Jordanian, Syrian, and Egyptian air forces.

Rabbi Glazerson noted that Jews are currently counting the 49 days, or seven weeks, after Passover which culminate in the holiday of Shavuot (Weeks, or Pentecost). The day of President Trump’s arrival will mark the sixth day of the sixth week, which in Kabbalistic terms represents foundation of the foundation, personified by Biblical character of Joseph.

“Just as a foundation establishes what will follow, for good or bad, the real nature of Trump’s visit will not become clear for some time,” Rabbi Glazerson said. “This could be the setting of the foundation for the Temple, but what will actually come out of it depends on Israel’s attachment to Torah and mitzvoth (commandments). In Judaism, six is the number of holiness and purity, and this is the day that the American president chose to arrive in Jerusalem.”

Rabbi Glazerson is an expert in Torah Codes, a method using a special computer program to search for series of letters in the Bible which reveals hidden messages in the Bible. He searched for the Hebrew date, the 26th of Iyyar 5777. The search found an occurrence in the Book of Deuteronomy, which Rabbi Glazerson explained represents the current millennium.

Interconnected with the letters spelling out the date was the word ‘Zion’, which was adjacent to the Hebrew word, ‘Mikdash’ (Temple). These configurations surrounded the verse that commanded Israel to take the land of Israel.

Go up and possess the land which I have given you. Deuteronomy 9:23

Another rabbi who believes that President Trump’s massively public visit to Israel has a hidden nature is Rabbi Nir Ben Artzi, a prominent Israeli mystic with a significant following.

“Donald Trump takes care of what is important to him personally. He does one thing publicly but privately, he works in a completely different manner,” Rabbi Ben Artzi said in his regular lesson last week. “He talks quite a bit, but when it comes to his deeds, he does the right thing. Trump knows, for example, that Abu Mazen (Palestinian Authority President Mahmoud Abbas) is crooked, and Trump will act as if he is going along with him, but he will only go along for a little bit.

“Trump intends to fix things in the world that were made crooked, and this is how he will do it. If he wasn’t smart like this, he would not have become president. It is clear that is why he came to Israel: He respects the Jews.”

The real nature of President Trump’s visit to Israel has been a mystery waiting to be solved. The most controversial aspect of his visit concerns his campaign promise to move the US embassy from Tel Aviv to Jerusalem. It was originally speculated that since he will arrive on the day before Jerusalem Day, the day Israel celebrates the unification of the city in the Six-Day War, he would take the opportunity to dramatically announce his decision. It was revealed to the press last week that this would not be the case.

Credit to breakingisraelnews.com
Read more at https://www.breakingisraelnews.com/88468/mystic-rabbis-explain-the-hidden-spiritual-truth-of-trumps-momentous-visit-to-israel/#fOGBluqFBe5YOIe3.99