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Stockman: The End Is Near And Theres Nothing We Can Do About It

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PJMEDIA

byRick Moran

I’ve read a lot of doom-and-gloom analysis from financial experts over the last couple of years, but this one by former Reagan OMB Director David Stockman takes first prize for scaring the holy living beejeeses out of me.

A few highlights:

Since the S.&P. 500 first reached its current level, in March 2000, the mad money printers at the Federal Reserve have expanded their balance sheet sixfold (to $3.2 trillion from $500 billion). Yet during that stretch, economic output has grown by an average of 1.7 percent a year (the slowest since the Civil War); real business investment has crawled forward at only 0.8 percent per year; and the payroll job count has crept up at a negligible 0.1 percent annually. Real median family income growth has dropped 8 percent, and the number of full-time middle class jobs, 6 percent. The real net worth of the “bottom” 90 percent has dropped by one-fourth. The number of food stamp and disability aid recipients has more than doubled, to 59 million, about one in five American

[...]

As the federal government and its central-bank sidekick, the Fed, have groped for one goal after another — smoothing out the business cycle, minimizing inflation and unemployment at the same time, rolling out a giant social insurance blanket, promoting homeownership, subsidizing medical care, propping up old industries (agriculture, automobiles) and fostering new ones (“clean” energy, biotechnology) and, above all, bailing out Wall Street — they have now succumbed to overload, overreach and outside capture by powerful interests. The modern Keynesian state is broke, paralyzed and mired in empty ritual incantations about stimulating “demand,” even as it fosters a mutant crony capitalism that periodically lavishes the top 1 percent with speculative windfalls.Read More Here



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    Total 16 comments
    • Jack F00BAR

      If we had actual capitalism, none of this would be happening. Stop following the meme, and look at the facts. Government involvement has fked every market we have.

    • GargIndia

      China has succeeded in controlling vast amount of natural resources in Africa, South America and Asia directly or indirectly, due to policies of the West – free trade, massive trade deficits etc.

      It cannot result in any good for sure.

    • Anonymous

      The quicker it ends the better. “Babylon is fallen is fallen”, that’s what the Bible has to say about it. In one hour it comes to nothing – that’s about how long it will take for the missiles to fly in the air before the mushroom clouds go up.

    • Quantum Kev

      Ummmm… is there any content in this post – I’m not seeing any…?

      • ElOregonian

        Your right, since there is nothing written then I guess this is the end… nothing to write… nothing to read… nothing to digest… nothing to contemplate… It’s just nothing… wow…

    • paula

      I’m ready.

    • Minobsmasivfski

      Wheres the story gone , there,s nothing there/anyway on a cheerier note lets hope the misiles fly. Keep your fingers crossed . This could be the one time the end of the world as reported regualy on this site actually happens, that would be a first ey.

    • capoprimo

      It’s all speculation because no one knows anything that a sane man could hang his hat on in order to make anything resembling a reasonable conclusion.

    • whitebear

      Hokahey

    • Anonymous

      Look if they voted an illegal Kenyan negro in you know we got f*****, ok?

      Not hard to figure out. He is nothing but a carnival barker that get this, NEEDS a teleprompter. Whoever heard of that?

      • J. Saint James

        “Carnival Barker” that is a great analogy. I pity the sheoples the equate the ability to deliver a great speech with leadership. A great delivery with no content is worthless. Words without action is worthless.

        http://www.outofthisworldbooks.com

    • cece

      Where’s the story? Is there a link to this story? I’m not seeing anything.

    • CWHJr

      Why does he say there is nothing we can do about it. He forgot the Jesus factor; believe on the Lord Jesus Christ and you will be saved.

      I don’t know how many times people have posted on beforeitsnews trying to prove to those who refuse to believe that the Jesus story is true. Some people are so hard headed and stubborn.

      Well watch April 17th 2013. About 2500 years ago the prophet Daniel in chapter 9:27 said we would have a 7 year covenant confirmed by a prince of the Roman Empire. We have that in the Eurpean Neighborhood Partnership Instrument confirmed on April 1, 2007. Daniel 8:13-18 reveals that in the midst of this 7 years exactly 2300 days after the covenant is signed, he will take away the daily sacrifice and set up an abomination that causes desolation. Jesus in Mathew 24:15 said when you see the abomination spoken of by Daniel, but Luke 21:20, when speaking of the same conversation, says when you see the armies camped arround Jerusalem there will be a time of trouble such as never before creation and never again will be.

      These are specific times given once the covenant is signed just so the reader can believe, because he knows we have a very hard time believing. 2300 days ends on April 17th this year. When you see the armies surounding Jerusalem know that the story of Jesus is true and he is the son of the only begotten Most High God. He has risen from the dead and is alive in the flesh. He is our hope, the hope of glory.

      There is something you can do about it. Quit fighting God and believe and trust in His son, Jesus Christ. He will set up his kingdom on the earth in less than 4 years. That covenant and the verse about 2300 days starts the final 3 1/2 years in which the Illuminati will gain control of America. There is no scripture that I know of to explain what will come of North Korea but judging from many scriptures and the punishment for wickedness America will not escape. One would have to be an idiot to think it would. Just go out any Friday night on the town and see what takes place around the globe. It is as if Sodom and Gamorah has taken hold of the world.

      Beware of Islam in these days. They will rise up and take control of the US. They use the Illuminati and in the end will destroy the Vatican in one hour with fire.

      Put your trust in Jesus. He will destroy the enemy but not until the 3 1/2 years has ended. Do not take the mark of the beast when it comes. You have been warned many times. Now comes the time of testing. Will you admit you have sinned and accept the blood of Jesus as payment in full? That is all he requires and promises to keep those that are his and become obedient to His Spirit from the hour of testing.

      Watch and pray you are counted worthy.

    • OZWombat

      China is not controlling any thing the WEST does not want it to control. China went in to the countries it is getting support from by “giving aid” not the US Foreign Aid Loans. China trains locals to fix their country themselves. Very different foreign policy. China instead exporting their manufacturing off shore has exported their expertise in the of education and has a massive intelligence inflow to China as a result, that its own education system cannot produce.
      US business exported every thing to China, set up subsidary manufacturing in China’s “Free Trade Zones”, and exported back to the US for peanuts while prices at home never fell reaping massive windfalls to this very day.
      You have been, and still being cheated by your own people.
      Din;t believe me? Go on holiday to China and buy the same products there for fraction of US prices, the very same products! That’s only retail, too. Then divide that down by container loads and not just one container load.
      Wake Up! You have been sold out by your own Chamber of Commerce!

    • Anonymous

      You don’t have to go that far , try Mexico and Canada for drugs that the American people pay tens times more for !

    • Joerg Klaemt

      Dont need to go there just look at anything you want on Ebay.
      I have been buying from China that way electronic Parts and Instruments at one tenth of the cost for anything equivalent. 250 gram parcel costs me 45 Dollars shipping from California ito Canada same Item from China is Free of shipping Charges and if over $20.00 it includes tracking.
      You think you get ripped off in the States,just go and buy anything from the USA here.

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