Your browser does not support the HTML5 canvas tag.
Εγχειρίδιο χειρισμού κρίσεων λόγω πολιτικών ΔΝΤ από τη CIA! / Already confirmed: Civil liberties under attack! / Greece's creditors gone completely insane! / How the global financial mafia sucked Greece's blood / ECB's economic hitmen / Η Μέρκελ επιβεβαιώνει τα σχέδια των γραφειοφασιστών! /Greece: the low-noise collapse of an entire country/ How the neoliberal establishment tricked the masses again, this time in France / Ενώ η Γερμανία προετοιμάζεται για τα χειρότερα, η Ελλάδα επιμένει στο ευρώ! / Ένας παγκόσμιος "proxy" πόλεμος κατά της ελευθερίας έχει ξεκινήσει! / McCarthyism 2.0 against the independent information / Ο επικεφαλής του "σκιώδους συμβουλίου" της ΕΚΤ επιβεβαιώνει ότι η ευρωζώνη είναι μια χρηματοπιστωτική δικτατορία! / Venezuela case as an emphatic example of why the mainstream media propaganda in the West was so successful in previous decades / Δημοψήφισμα για Grexit: η τελευταία ευκαιρία να σωθεί η Ελλάδα και η τιμή της Αριστεράς / Populism as the new cliche of the elites to stigmatize anyone not aligned with the establishment / Δεν γίνεται έτσι "σύντροφοι" ... / Panama Papers: When mainstream information wears the anti-establishment mask / The Secret Bank Bailout / The head of the ECB “shadow council” confirms that eurozone is a financial dictatorship! / A documentary by Paul Mason about the financial coup in Greece / The ruthless neo-colonialists of 21st century / First cracks to the establishment by the American people / Clinton emails - The race of the Western neo-colonialist vultures over the Libyan corpse / Επιχείρηση Panama Papers: Το κατεστημένο θέλει το μονοπώλιο και στις διαρροές; / Operation "looting of Greece" reaches final stage / Varoufakis describes how Merkel sacrificed Greece to save the Franco-German banks / France officialy enters the neo-Feudal era! / The US establishment just gave its greatest performance so far ... / A significant revelation by WikiLeaks that the media almost ignored / It's official: the US is funding Middle-East jihadists! / Οι αδίστακτοι νεο-αποικιοκράτες του 21ου αιώνα / How to handle political unrest caused by IMF policies! / Πώς το νεοφιλελεύθερο κατεστημένο ξεγέλασε τις μάζες, αυτή τη φορά στη Γαλλία / The international usurers return to the crime scene called Greece!

23 February, 2017

Making America broke again: Trump & the inevitable financial crisis

Trump can either ‘bite the bullet’ now if he really wants to improve the American economy or he can ‘kick the can down the road’ like his predecessors have, noted financial commentator Peter Schiff tells MintPress.

by Whitney Webb

Part 5 - No Easy Way Out: Trump’s role in the impending crash

With the roots of the next crisis established prior to Trump’s assumption of the presidency, combined with the ineffectiveness of post-2008 regulations, the Trump administration faces an uphill battle — especially if the next crisis takes place during the next four years. All of the news coverage and comments from prominent figures in the financial establishment once again seem to be shifting the blame from central bank policy to Trump’s review of banking regulations, suggesting that the financial elite’s scapegoat for the next crisis has already been selected.

Schiff said the financial establishment “will try to pretend that everything else was great under Obama and then act like Trump ruined it.

This isn’t to say that Trump’s potential removal of banking regulations won’t exacerbate or speed up the onset of the coming crisis. James Rickards told MarketWatch it’s likely that a crisis can only be prevented by reinstating the Glass-Steagall Act, which separated investment and commercial banking, breaking up the big banks, banning most derivatives, and enacting tougher law enforcement of bank wrongdoing. But considering the makeup of his Cabinet and team of economic advisors, Trump is unlikely to push for any of these changes.

Writing for the Libertarian Institute in November, Eric Schuler noted, “The next recession is likely to commence during Trump’s tenure. But while he may prove to be an unwitting catalyst of the next crisis, his policies will not be the primary cause.

Instead, Trump is more likely to focus on loosening existing banking regulations than imposing any new ones. Though they do not account for the root cause of the crisis, the president’s actions in this regard could potentially accelerate the bursting of the bubble. However, this is difficult to gauge due to the fact that this new, looming crisis is long overdue.

Trump is ultimately faced with no easy choices. He can either allow the Fed to further inflate the bubble or he can try to bring about a market correction by forcing interest rates to increase in order to establish the foundations for positive economic growth. Both possibilities promise to bring unemployment and economic difficulties for the average American – particularly in the short term. Regardless of how Trump proceeds, he is likely to encounter major conflicts in fulfilling his campaign promise to “Make America Great Again,” as any major economic downturn could potentially lead to widespread, popular unrest throughout the nation.

Trump can either “bite the bullet” now if he really wants to improve the American economy, Schiff said, or he can “kick the can down the road” like his predecessors have.

Even if Trump chooses to delay the inevitable, the next crisis, already long delayed, is increasingly likely to unfold regardless of any action the president may take. And that crisis is likely to define his presidency.

***

Source, links, videos:


[1] [2] [3] [4]

Related:



No comments:

Post a Comment