In Case of Dollar Collapse, Have this

In times of economic instability, you are going to have to do things with your money you have never thought of before. You will need this. Call it the "In-Case-Of-Bernie-Sanders" kit. It also comes in "Nuclear Hillary," "Protectionist Trump."

Have this item ready in case of a steep U.S. Dollar decline. It's only $12.99 at BJ's Wholesale Club.

Turn your dollars into Koi Fish.

Comes with a nice shiny black sleeve.

And cover...

Catch the culprits! Snap a photo of the Janet Yellen, Ben Bernanke, Alan Greenspan, et al. with this dollar origami camera.

Or make a crab out of that worthless money.

Make a Koi fish in 63 steps.

Watch these presentations 

by David Stockman, 

Bill Bonner, 

and Jim Rickards 

on the future 

of the U.S. Economy

Eight Presentations You Will Never Hear From Bernie Sanders, Clinton, Et al.

Many financial experts believe that a financial downturn is coming. All agree a recession is guaranteed. Some go as far to say that we in the United States are going to experience a depression.

Some call it a "Great Reset" or "Great Default." Others believe we will experience a "credit crisis." Some believe we are going to believe to experience a deflationary depression.

The Bible teaches that "Without consultation, plans are frustrated, But with many counselors they succeed." (Proverbs 15:22).

These are your multiple counselors.

They all agree on the central premise that the Federal Reserve's money printing policies and artificially low interest rates have done serious damage to the economy.

They paint slightly different scenarios of how their scenarios come to be.

How will all of this come about?

Watch these videos to find out.

David Stockman-Debt Markets Unstable and Tottering


The Great Deformation | David Stockman




Bill Bonner: Cash Shortage to Hit U.S.


Jim Rickards: Coming Economic Depression


Exclusive Interview: Jim Rickards and Peter Schiff Discuss Global Gold Mar...



Ron Paul - From Stansberry Research



Economic Collapse Coming - Rep. Ron Paul [Mirrored]



David Stockman The Global Economy Has Entered The Crack Up Phase

Good job, Mr. President

Photo courtesy of the Associated Press. President Obama on Thursday, April 2, 2015 in the Rose Garden at the White House.

[Editor's Note: This was supposed to have been published on April 3, 2015. I never published it] If Phyllis Bennis, Justin Raimondo, David Stockman and Paul Craig Roberts -- four of my favorite independent foreign policy thinkers (a progressive, two libertarians, and the third hard to classify) -- are all celebrating the Iran deal (the latter believes the neocons have been defeated, and Raimondo even said the president sounded like a "true statesmen" in his articulation the deals details), then so am I.

Good job Mr. President!

Now, all we have to do is remain vigilant against possible Republican efforts to repeal the deal.

And while this is an unarguably good thing, we must realize that the Obama administration is still economically Keynesian, and we will always be in the economic doldrums until those Keynesian policies are reversed.

Click here to read David Stockman's April review of the deal.

[Editor's Note: August 4, 2015 Update] David Stockman again weighs in on the deal. He nearly says what I say above in the last paragraph:

I have rarely found anything President Obama has done to be praiseworthy, and believe his domestic policies of Keynesian borrow and spend and incessant statist intervention in capitalist enterprise to be especially deplorable. But finally he has stood up to the War Party——and that could mark a decisive turning point in rolling back Washington’s destructive interventionism and imperial pretensions in the Middle East and, indeed, around the world.

Click here to read David Stockman's July assessment of the Iran Deal. 

15 years of Economic Policy: What do we have to show for it?

In a recent article, David Stockman sets up the American Economic Scene since 2000 quickly:

Indeed, during that span we have encompassed several business cycles, two financial crises/meltdowns and nearly a non-stop blitz of “extraordinary” policy interventions. To wit, a $700 billion TARP, an $800 billion fiscal stimulus, upwards of $4.0 trillion of money printing and 165 months out of 180 months in which interests rates were being cut or held at rock bottom levels.

You’d think with all that help from Washington that American capitalism would be booming with prosperity. No it’s not. On the measures which count when it comes to sustainable growth and real wealth creation, the trends are slipping backwards—– not leaping higher.

The kinds of breadwinner jobs that we need the most -- those that provide the most productivity and output -- are slipping behind. He explains:

Moreover, within the 70 million breadwinner jobs category, the highest paying jobs which add the most to national productivity and growth——goods production—-have slipped backwards even more dramatically. As shown below, there were actually 21% fewer payroll jobs in manufacturing, construction and mining/energy production reported last Friday than existed in early 2000.

Takeaways:

• Non financial business productivity has grown 1.1 percent annually since the 2007 peak. 
• This is only half of the productivity from 1953 until 2000.
• So despite 15 years of stimulus there is little to show for it.
• During the Eisenhower years, which saw balanced budgets, this growth rate was two and one half times what it is now.
• The number breadwinners jobs in the economy is still 2 million lower than it was in 2000.
• Breadwinner jobs are defined as "construction, white collar, manufacturing, FIRE, transport, information, trade."
• Breadwinner jobs are jobs that pay around $50K. 
• There are about 70 million of these breadwinner jobs.
• $50K is enough to support a household without government assistance.
• Editor's Commentary: I make much less than $50K. While I am not on government assistance, I am on parental assistance.
• The part-time economy -- $14/hour or $20K/year jobs -- is booming.
• This is the second part-time job boom of this century.
• This means that all of the job growth that occurred in the first boom -- the Bush II years -- were also part-time jobs. 
• The top 10% of income earners account for 40% of the spending in an economy.
• We are in the middle of the third financial bubble of this century.
• This bubble will pop too.
• The part-time jobs that were created as a result of wealthy people spending more will vanish in the next bust.
• As Stockman puts it, "On a net basis, the only jobs created during this entire century are in the HES Complex (health, education and social services)."
• But why? Well, again, as Stockman puts it, "they are a function of the entitlement state and the massive $200 billion per year of tax subsidies which support employer-funded health benefits."

There's more information that I did not summarize. See the rest by clicking the link below.

Read David Stockman's 15 Years Of Stimulus—–Nothing To Show

How to Prepare for the Coming Economic Crisis or the Next Great Depression

Via David Stockman's Contra Corner:

David Stockman, architect of President Reagan’s economic turnaround known as ‘Morning in America’, warns of the looming collapse of free market prosperity and the destruction of American wealth. Plus: Emergency actions viewers can take now to protect themselves from the crisis.

Watch the video.

As I've said previously, the recession is not over. In 2011, I remember posting an article on Facebook from Lew Rockwell talking about America entering another great depression.  It drew the ire of skeptics.

In fact, my motivation for starting The Goins Report in 2009 was precisely because I began to understand free-market economics, and I knew that the president's stimulus plan, and all other forms of violent economic intervention into the markets, was not going to save us...period.

My friends very incorrectly even thought I was a George Bush supporter because I came of age intellectually at the end of 2008 and opposed Obama's policies from the beginning. But if I had come of age a year earlier, or two years earlier, I would have been just as vocal about George W. Bush.

So I went on the intellectual warpath and began to warn friends about the intrinsic shortcomings of government economic policy.

And I proceeded to prepare myself for the downturns and dollar crises that I thought would come.

But now I want to share a link with you to help you, while there is still time.

Since 2010, I have had a page with links to movies that warned that the economic crisis is not over.

Since 2009, I have provided a free-book warning on how to protect yourself from the Federal Reserve's disastrous inflationary policies. In fact, it is my most visited blog post with over 1,000 hits.

Time and again, the true free-markets economists have warned that the current economy "recovery" is no recovery at all. While I can not say when, or where, or what will cause the next economic bubble to pop -- and indeed no good free-market economist tries -- I know that the ball is up in the air, and it is being continuously hit upwards by government and central bank policies. But every volley ball game has to end. The ball must come down eventually.

But it doesn't have to come down on you or your side of the court.

You can be on the winning team.

"The prudent sees danger and hides himself, but the simple go on and suffer for it." Proverbs 22:3 (ESV)

That is the Bible's wisdom for our day.

Don't be simple; be prudent. Watch the video.  Download this free book. Prepare.

Again, watch the video.

Reagan's Homeboy: His Legacy Stinks

I really enjoyed writing this article. Here's an excerpt:

The former budget director under President Ronald Reagan said something you don’t hear often from people who have worked under Reagan or from conservative politicians.  That is, that the conservative idol and oft-referred to leader of a bygone era left a “horrible legacy.”

“The thing that came out of the Reagan era, which really was a horrible legacy, was the notion that deficits didn’t matter and the rationalization that we were only trying to starve the beast and if the deficit got big enough or persistent enough or extended far enough in time, surely they would wake up and shrink the government,” said David Stockman, former Director of the Office of Management and Budget from 1981-1985, at the Cato Institute Wednesday.

 Read More: Former Reagan Official: "Reagan Era Was A Horrible Legacy" || Politic365

The chief and most original insight is his analysis of Reagan's defense build up and its connection to the Iraq war of the 1990s. I never heard anything like it before this lecture. It's pure gold. Read it for yourself.

Former Reagan Official: Bain Capital less likely to exist in a free-market

(GoinsReport.com) -- Bain Capital, the company Republican Presidential Candidate spearheaded for XX years, is a product of years of a rigged crony capitalist system, not true free-markets, says former Reagan budget director David Stockman.

[Editor's Note: The link is, admittedly, from an article published in October 2012.]