Two weeks after David Stockman warned that “the market is apparently pricing in a huge Trump stimulus. But if you just look at the real world out there, the only thing that’s going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S. history” and exclaimed that, when looking at markets, “what’s going on today is complete insanity” he is back with another interview, this time with Greg Hunter of USAWatchdog in which he, once again warns, that a giant fiscal bloodbath is coming soon, and urges listeners to pay especially close attention to the March 15, 2017 debt ceiling deadline, at which point everything could “grind to a halt.”
As Greg Hunter writes, former Reagan Administration White House Budget Director David Stockman says financial pain is a mathematical certainty. Stockman explains, “I think we are likely to have more of a fiscal bloodbath rather than fiscal stimulus. Unfortunately for Donald Trump, not only did the public vote the establishment out, they left on his doorstep the inheritance of 30 years of debt build-up and a fiscal policy that’s been really reckless in the extreme. People would like to think he’s the second coming of Ronald Reagan and we are going to have morning in America. Unfortunately, I don’t think it looks that promising because Trump is inheriting a mess that pales into insignificance what we had to deal with in January of 1981 when I joined the Reagan White House as Budget Director.”
So, can the Trump bump in the stock market keep going? Stockman, who wrote a book titled “Trumped” predicting a Trump victory in 2016, says, “I don’t think there is a snowball’s chance in the hot place that’s going to happen. This is delusional. This is the greatest suckers’ rally of all time. It is based on pure hopium and not any analysis at all as what it will take to push through a big tax cut. Donald Trump is in a trap. Today the debt is $20 trillion. It’s 106% of GDP. . . .Trump is inheriting a built-in deficit of $10 trillion over the next decade under current policies that are built in. Yet, he wants more defense spending, not less. He wants drastic sweeping tax cuts for corporations and individuals. He wants to spend more money on border security and law enforcement. He’s going to do more for the veterans. He wants this big trillion dollar infrastructure program. You put all that together and it’s madness. It doesn’t even begin to add up, and it won’t happen when you are struggling with the $10 trillion of debt that’s coming down the pike and the $20 trillion that’s already on the books.”
Then, Stockman drops this bomb and says:
“I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”
Stockman also predicts very positive price moves for gold and silver as a result of the coming budget calamity.
<<Hey gold is good but God is great>>
Mat 22:37–38 Jesus said unto him, Thou shalt love the Lord thy God with all thy heart, and with all thy soul, and with all thy mind. This is the first and great commandment
It is not at all difficult to Love Jesus completely once the realization of what He has done for us becomes our greatest treasure.
Mat 13:44 Again, the kingdom of heaven is like unto treasure hid in a field; the which when a man hath found, he hideth, and for joy thereof goeth and selleth all that he hath, and buyeth that field.
The earnest, which is the down payment of our inheritance with Christ, is that we are sealed with that Holy Spirit of promise. This contract that is a gift, is given to the elect, and it enables them to walk with Jesus regardless of the circumstances encountered along the way (Eph 1:13).
Living for Jesus involves following after Him; to know of him is not enough. Also, we are not really following Christ unless we are actively sharing Him with others.
Mat 4:19 And he said unto them, Follow me, and I will make you fishers of men
There is only one true God who can illuminate the path we must follow unto eternal life. Every other road leads to chaos and destruction (Mat 7:13-14).
The fulfillment of our contract with Christ is our redemption, which is realized when He returns with our Salvation (Eph 1:14, Heb 9:28, 1 Peter 1:5).
John 14:15 “If you love Me, you will keep My commandments.
How many today can distinguish the difference between the Words of God and the doctrines of men?
Living for Jesus involves keeping His commandments. Christ also came to redeem those that were under the law, that they also might receive the adoption of sons. It is preposterous to claim to be justified by the Law of Moses, and say that we love Jesus (Gal 4:5, John 1:17, Rom 3:20).
Acts 13:39 And by him all that believe are justified from all things, from which ye could not be justified by the law of Moses.
The New Law of Christ, is not only better than the old one, it is also the only option available (Luke 5:36-38, Heb 8:13).
Isaiah prophesied that God’s people would know the new law of Christ and it would be in their hearts and minds (Isa 51:4-7).
Jer 31:33 But this shall be the covenant that I will make with the house of Israel; After those days, saith the Lord, I will put my law in their inward parts, and write it in their hearts; and will be their God, and they shall be my people.
This passage refers to the true Israel of God, which includes all believers in Christ. Those that truly embrace Christ’s commandments are most definitely not under the Old Testament law.
Our understanding of the gospel must not be based upon the doctrines of the false teachers in the Christian church. This type of worship is considered to be vanity and is deceitful (Mat 15:8-9, John 4:24).
1 Cor 1:17 For Christ sent me not to baptize, but to preach the gospel: not with wisdom of words, lest the cross of Christ should be made of none effect.
True joy, wisdom and power only come from a Spirit filled relationship when Jesus dwells within us.
John 16:13 Howbeit when he, the Spirit of truth, is come, he will guide you into all truth: for he shall not speak of himself; but whatsoever he shall hear, that shall he speak: and he will shew you things to come.
Our faith must not be based upon the wisdom of men, but in the mighty works of God (1 Cor 2:5).
John 4:24 God is a Spirit: and they that worship him must worship him in spirit and in truth.
The false teachers in the Christian church deny the Lord Jesus by reason of their damnable heresies, and bring upon themselves and their blind followers swift destruction (2 Peter 2:1, John 16:7, Luke 6:39).
If we are living for Jesus we need to be as wise as serpents and as harmless as doves. Those who are truly living for Jesus will know the truth, and it will set them free (Mat 10:16, John 8:32, John 14:6).
The truth, is one of the fruits or byproducts of the Holy Spirit that dwells within us, and it is an essential piece of armor that protects us from the devil (Eph 5:9, 6:14).
2 Tim 3:7 Ever learning, and never able to come to the knowledge of the truth.
The reason so few come to the knowledge of the truth, is because they are under the control of false teachers. These more often than naught never graduate and partake in the ministry of serving Christ. This represents one of the greatest crimes ever committed within the walls of Christianity. This is similar to aiming for a degree in a certain field, without ever being able to leave the classroom, because the necessary skills are never obtained.
We are not to depend on the teachings of man for our answers. We all should be able to give an answer, to everyone that asks, for the reason of the hope of Christ that is within us (1 Peter 3:15).
Those who are Sealed with the Holy Spirit of truth have the mind of Christ. It is the Spirit of Christ that produces a true faith, and a sure hope of righteousness that can be received by those who endure unto the end (Gal 5:5, 1 Thes 5:8, 1 Pet 1:3, Mat 24:13, 1 Cor 2:16, 2 Cor 1:22, Eph 4:30, John 16:13).
Eph 4:14 That we henceforth be no more children, tossed to and fro, and carried about with every wind of doctrine, by the sleight of men, and cunning craftiness, whereby they lie in wait to deceive
Living for Jesus li8nk to article