“The astonishing reinvention of Donald Trump:” Washingtonians
are still puzzling at the speed with which the man who promised to
“drain the swamp” has come to bask in its approval. In the past 10 days,
Mr Trump has belied many of the city’s worst fears. Having promised to
launch a trade war with China, Mr Trump is rapidly abandoning his
protectionist rhetoric. Likewise, having vowed to avoid foreign wars, he
has acquired a sudden taste for Levantine missile launches. And having
dismissed Nato as obsolete, Mr Trump is now singing the alliance’s
Financial Times, April 13, 2017
It was just a matter of time before the Deep State got its meat-hooks
into Trump. The move to remove Steve Bannon from the National Security
Council and replace him with two Deep State operatives who had been
formerly removed from NSC was our signal that the Deep State had
restored its control of the Oval Office. Shortly after that power swap
was accomplished, missiles started flying in Syria in response to false
flag “gas” attack and the world’s largest non-nuclear bomb was dropped
on CIA-built underground tunnels in Afghanistan.
Trump has back-pedaled on every single “plank” in his campaign
platform – about as quickly as Obama did after he was inaugurated.
Trump’s geopolitical policies now resemble the same policies endorsed by
Hillary Clinton, who is a neocon dressed in drag.
When all else fails, start a war. The opinion ratings on Trump are
plunging, along with the major portions of the economy. Auto sales are
down 10% since the beginning to 2017 and JP Morgan, despite “beating”
earnings estimates, disclosed a troubling spike in credit card
write-offs, which rose to nearly $1 billion in Q1. Retail sales have now
declined two months in a row. It’s no coincidence that the dismal sales
report was released on Good Friday when the market was closed. The
original .1% gain reported for February was revised down significantly
to a decline of .3%. Restaurant industry sales have declined for 11 of
the last 12 months in a row on a year over year monthly basis.
The economy is been fueled on money printing and credit creation for
the better part of 40 years. That artificial stimulation went parabolic
in 2009. The tech and housing bubbles have been reinflated along with
every other asset class into an “everything” bubble. Real weekly
earnings have declined two months in a row. The consumer is tapped out
on two fronts: disposable income and the capacity to take on more debt.
Now comes the part where the average household begins to default on the
debt it’s taken on over the last 8 years. Hence the big jump in credit
write-offs disclosed opaquely by JP Morgan last week.
Today’s Shadow of Truth discusses the role played by the Deep State
in ushering in the inevitable economic collapse of the United States
which will lead to the implementation of Totalitarianism and a dystopic
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he traded junk bonds for a large bank. He has an MBA from the University of Chicago, with a concentration in accounting and finance, and graduated Oberlin College with majors in Economics and English. Dave has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. Currently he co-manages a precious metals and mining stock investment fund in Denver and publishes the Mining Stock and Short Seller Journals. Contact Dave at firstname.lastname@example.org.
The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
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