With the Barclays Bank server crash giving many customers an unwanted glimpse into the chaotic future of a cashless, automated society, it was also just the latest sign that Americans better be prepared for potentially HUGE problems ahead. As we hear in the first video below featuring former Ronald Reagan White House Budget Director David Stockman interviewed by Greg Hunter in an interview everybody should hear, a 'fiscal bloodbath' awaits us in 2017.
If you haven't yet heard the video yet, Stockman warns that 'financial pain is a mathematical certainty' in the weeks and months ahead after the 'establishment' left 30-years-worth of debt buildup in the lap of President Donald Trump, a mess that makes what Stockman and Reagan faced in January 1981 look tiny in comparison to what Trump and America face now.
And while ANP hates to put dates on future events that we have no control over, Stockman gives us a date that could begin that 'bloodbath' we should all be prepared for and it is barely more than two weeks away.
Warning us all that the giant fiscal bloodbath coming soon thanks to the policies of Barack Obama and those who came before him has a 'start date', Stockman drops these massive bombshells upon us all:
“I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop.
The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”
While we fully expect that some deal may be made in the back rooms of Washington DC to increase the debt ceiling and prevent the US government and our nation's economy from grinding to a halt as Stockman warns, what if something happens to prevent that deal from being made? As we're told in the 2nd video below from Dave with the X22Report, America faces a 'day of reckoning' and this time, we're warned, there may be no solution. As our videographer reports in the 3rd video below, with Trump now in office, the can may not be kicked down the road again this time.
And while bank server crashes will continue to happen, leaving customers angry and hungry, what happens if the banks and ATM's go down across the country via massive cyber attack, a hacking of the national electrical grid or an EMP delivered upon the US by a Russian nation fed up with being backed into a corner and then NEVER come back online?
Most Americans have less than 3 days food on hand at any given moment. It has long been warned that only 9 meals stand between civilization and anarchy. What if David Stockman is right and at some point this summer, everything just grinds to a halt? Obviously, the 'pain' experienced by those in the UK when Barclays ATM's went down would seem like a walk in the park to full-scale financial collapse or World War 3 here on US soil that leave us completely shaken.
As Snyder reports, he's been documenting this ongoing retail apocalypse for some time and while 10,000 workers laid off recently by JC Penney and Family Christian Stores might not seem like a whole lot of people, adding those numbers to the job losses suffered within retail during the Obama years shows its clearly part of a greater trend according to Snyder.
And while we previously have mentioned that we absolutely hate to put dates on future events that are out of our control, we'd still be wise to listen to David Stockman, someone who has worked 'on the inside' of one of the most powerful buildings on the face of the planet. Will Trump continue to kick the can down the road as his predecessors have done or will America finally meet that 'day of reckoning'?
Knowing that THAT, too, is out of our control gives us another reason to get prepared for whatever 'worst case scenario' might come while doing our very best to make the world a happier, more peaceful and better place all around us.