Posted: 21 Aug 2019 Michael Snyder
Now even one of the biggest banks in the entire country is openly admitting that a “slowdown” is upon us. Over the past week or so, the mainstream media has been filled with chatter about the possibility of a recession and what that would mean for the Trump campaign in 2020, and we continue to get more evidence on a daily basis that economic activity really is decelerating.
All of the numbers are pointing in the same direction, and I am going to share some brand new figures with you in this article. But first, I want to address what Morgan Stanley just released to the public. In a note that was just published, Morgan Stanley’s chief economist unequivocally stated that “the wheels for a slowdown are in motion”… The downtrend in some global economies is becoming contagious as weakness in the manufacturing sector begins to spread, according to Morgan Stanley, which warned clients that “the wheels for a slowdown are in motion.”When “too big to fail” banks throw in the towel and start warning of “a global recession”, that is a really bad sign. But let’s give Morgan Stanley some credit for at least trying to be honest. The economic numbers have progressively gotten worse, and we just learned that domestic shipments of RVs are down a whopping 20 percent so far in 2019. The following comes from Zero Hedge… To elaborate more on our July report titled “Trade War Chaos: Trump’s Tariffs Crash American RV Industry,” it seems the RV industry continues to flash a recessionary warning light.The RV industry is considered to be “a great bellwether of the economy”, and right now it is screaming that a recession is coming. Meanwhile, more bad news continues to come out of the real estate sector, and it turns out that even wealthy people are now “pulling back” from buying homes… Wealthy buyers are pulling back from some of the most expensive housing markets in the U.S., the latest sign that sky-high prices and fears of a recession are weighing on a key sector of the economy.Of course whenever I start bringing up numbers like these, some skeptics point to the employment statistics as “proof” that things really aren’t so bad. Well, it turns out that those employment numbers were wildly inaccurate. In fact, the Labor Department just admitted that the U.S. actually has 501,000 less jobs than they previously thought… The labor market seemed to defy gravity last year, generating more than 200,000 jobs a month despite a historically low unemployment rate that made it harder for employers to find workers.An error of more than half a million jobs is colossal, and it is going to make it more difficult for us to have faith in the “official numbers” that they give us in the future. In the end, it turns out that all of those glowing headlines about U.S. employment in 2018 were grossly overstated. If these revised numbers are accurate, then job growth was just barely keeping up with population growth in 2018, and of course we have started to see the employment numbers begin to deteriorate in recent months. But if you listen to some of the pundits, you would be tempted to think that the only thing we have to fear is fear itself. For example, consider what Brian Moynihan just told CNBC… “I’d love to say that the optimistic universe is most likely to prevail, but the talking heads talk endlessly about how a recession is inevitable,” he said. “This kind of talk sows fear, which erodes confidence, and without confidence business pauses its new hires and its investments, which then leads to a downturn in consumer spending, which then leads to a recession.”And CNBC’s Jim Cramer insists that everything will be just fine if the “angry rhetoric” is toned down… “If the president were to simply calm down the rhetoric on China, rather than taking them on like some kind of trash-talking wide receiver, the bears would lose their biggest crutch,” said the “Mad Money” host, who blamed fears about the bond market on “angry rhetoric and frightening jeremiads from supposed experts” who should listen to conference calls.No, sticking our heads in the sand and pretending that everything is going to be just fine is not going to solve anything. The U.S. economy has defied the laws of economics for an extended period of time, but now all of our mistakes are catching up with us, and the crisis that is ahead is going to be very painful. Unfortunately, a lot of the so-called “experts” will continue to deny the obvious even when it is staring them in the face, and this is going to result in a tremendous amount of confusion among ordinary Americans as our nation spirals into a terrifying economic nightmare.  About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time. The post One Of The Largest “Too Big To Fail” Banks In America Boldly Declares That “The Wheels For A Slowdown Are In Motion” appeared first on The Economic Collapse. |
Here Are 5 Things Trump Has Fulfilled from the Wish Lists of Christian Voters
08-21-2019
CBN News Steve Warren
When Donald Trump became president on Jan. 20, 2017, evangelical Christians and their leaders drew up their "wish lists" of big goals he could pursue, opposing abortion and limiting the ever-invasive LGBTQ movement.
Two and a half years later, the Trump administration is being praised for fulfilling many items on those lists. Here's a quick list of just 5 of those big issues:
- 1. Pro-Life Moves, Like Forcing Planned Parenthood to Choose Between Abortion and Women's Health.
- 2. Protecting Religious Freedom Rights of Employers.
- 3. Appointing Conservative Judges to the Federal Bench
- 4. Limiting the LGBTQ Movement in American Life
- 5. Standing with Israel, Moving the US Embassy to Jerusalem, and Recognizing Jerusalem as Israel's Capital
Mat Staver, president of the legal advocacy organization Liberty Counsel, said Trump has fulfilled about 90% of the goals on a list that Staver and other conservative leaders compiled.
"In the first two years of his administration, he's achieved more than all of the presidents combined since Ronald Reagan," Staver said. "He's been the most pro-religious freedom and pro-life president in modern history."
One of the biggest steps came this week when the Department of Health and Human Services implemented a new rule for the federal family planning program known as Title X. Planned Parenthood, the nation's biggest abortion provider, quit the Title X program it had participated in for decades rather than obeying a new rule which would have stopped its clinics from referring women for abortions.
When the organization walked away, it left $60 million in federal funding on the table that could be used for women's health by other medical providers across the country. It was a move hailed by conservatives and condemned by liberals.
Last week, the Labor Department proposed a rule that is expected to shield federal contractors from discrimination complaints regarding hiring and firing decisions motivated by religious beliefs. In other words, they won't be forced to hire people who refuse to follow their faith.
The administration has also moved to appoint conservative judges to the federal bench.
"We are heartened by the appointment of constitutionalist judges, including two excellent Supreme Court justices (Neil Gorsuch and Brett Kavanaugh), and look forward to more such appointments throughout the federal court system," said Bruce Hausknecht, judicial analyst for Focus on the Family.
But the president's promise-keeping didn't end there. As CBN News reported, Trump moved the US embassy in Israel to Jerusalem in May of 2018.
The new facility opened on May 14, the 70th anniversary of the founding of the modern state of Israel.
"First and foremost, it was the day that the United States put itself on the right side of history," US Ambassador to Israel David Friedman told CBN News. "I would suggest maybe your audience might agree with me the move put itself on the right side of God. It was a day when we recognized one of the great historical truths of our time."
The Trump administration has also taken action reversing or revising policies and rules instigated by President Barack Obama. Obama pushed abortion rights and same-sex marriage, mandated that abortion-causing drugs be covered by the Affordable Care Act, required the military to allow transgender troops, and told school districts to let transgender students use the bathrooms of their choice.
Like any other sitting president, President Trump has many critics of his new policies. Numerous organizations, including the American Civil Liberties Union, are seeking to block some of the administration's moves in court.
Meanwhile, the Alliance Defending Freedom, one of several conservative legal law firms that litigated against numerous Obama-era initiatives, welcomes the president's action.
"The defense of life, free speech, and religious liberty should never be subject to political and cultural whims," said Kristen Waggoner, an ADF senior vice president. "They are constitutional guarantees, and we are grateful that this administration recognizes that reality and is taking serious steps to correct injustice and protect all Americans."
Dr. Robert Jeffress, the pastor of First Baptist Dallas, has predicted that Trump's policies could win him even more Christian votes in 2020 than in 2016.
"When he ran in 2016 and promised pro-life, pro-religious freedom policies, most evangelicals who voted for him didn't know whether he would or could fulfill those promises," Jeffress said. "When they look back now, they see he checked off all of those goals. ...He'll win by an even larger margin on the basis of promises kept."
