History repeating: Current economic bubble unsustainable, a major recession or depression just around the corner

2016-12-10_1311-america-burnsA huge economic crash is coming and cannot be stopped. And when it happens there will be plenty of blame to go around. Fair or not, Trump will bear the brunt of it. Nearly 60% of Americans hate the man’s guts as is, so just imagine the anger that will unfold when the bubble bursts and the general public is in survival mode. And the push back they will receive from this authoritarian strongman who will stop at nothing to maintain his power. Trump knows how unpopular he already is, and what is about to happen; all of these generals being nominated for Cabinet posts are not a coincidence, and he can probably count on the bikers, union thugs, and other assorted followers to stand with him – and against the general public – when the bottom falls out. Life is about to get very ugly in the United States. From Michael Snyder

History tells us that there is no possible way that stock prices can stay at this irrational level indefinitely.  But for now a wave of optimism is sweeping the nation, and many of those that are caught up in it will get seriously angry with you if you try to inject a dose of reality into the conversation.

But like I said yesterday, let’s hope that the optimists are correct.  A survey that was just taken of 600 business executives found that 62 percent of them were optimistic about the U.S. economy over the next 12 months.

Incredibly, that number was sitting at just 38 percent the previous quarter.

For the moment, business leaders seem to be quite thrilled that we have a business executive in the White House.

Hopefully Donald Trump’s business experience will translate well to his new position.  And it is certainly my hope that he is as successful as possible.

But even during the campaign Trump talked about how stocks were in a giant bubble, and the euphoria that we have seen since his election victory has just made that bubble even larger.

Throughout U.S. history, every giant financial bubble has always ended very badly, and this time around will not be any exception.

Remember the old adage, ‘if something seems too good to be true, it usually is.’ Prepare accordingly …

Copyright 2016, Sunking278. Stay up-to-date: Twitter – @Sunking278 and Facebook – click here.

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