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Economy

Even without any extenuating circumstances, the truth is that we are way overdue for a recession. But when you throw in political chaos, exploding debt levels, an emerging market currency crisis and a trade war between the two largest economies on the entire planet, you definitely have a recipe for a perfect storm.

In a recent move, the Communist country has elected to cut tariffs on imports that come from anywhere other than the United States.

This mentality that the government will save people when they are $21 trillion in debt is a delusional one.

The Trump administration’s insistence on a trade war will affect three items the most. Americans will be footing the bill for president Donald Trump’s trade war and tariffs, and vacuums, tires, and computer parts will be the items hit the hardest.

If home prices continue to fall precipitously, that is going to put even more pressure on the system, and it won’t be too long before we reach a breaking point.

It would take an unprecedented effort to turn things around, but right now hardly anyone seems concerned about bringing all of this debt under control. So we continue to roll on toward our date with financial disaster, and most people are completely oblivious to what is about to happen to us.

The elite can see what so many of the rest of us can also see. Our future looks very troubling, and it appears to be wise to get prepared for what is coming in advance.

Our day of reckoning may have been delayed, but it was not canceled.  America has a date with destiny, and it is going to be exceedingly painful.

For several years it has seemed like things have been getting “better”, but it was largely an illusion. Our ridiculously high standard of living was financed by the greatest debt binge in the history of the world, and it was inevitable that a day of reckoning would arrive.