hooverville on the horizon?

Anything and Everything political, express your view, but play nice
Post Reply
madhatter
Signature Poster
Posts: 18340
Joined: Apr 2nd, '08, 17:26

hooverville on the horizon?

Post by madhatter »

http://www.zerohedge.com/news/2016-11-2 ... ooverville" onclick="window.open(this.href);return false;

Welcome To Hooverville
In 1928, Republican Herbert Hoover was elected as president of the US. He took office in March of 1929. The following October, the stock market crashed, heralding in the Great Depression. Millions of Americans lost their jobs and homes and/or starved in the ensuing years.

Countless people, having nowhere to live, set up shantytowns that came to be known as “Hoovervilles.” Their new residents relied for the most part on public charities or begging for whatever income they could attain.

Was Mister Hoover responsible? Well, no. When elected, he had never held public office before and had not contributed to the cause of the depression. So why was he blamed? Well, whenever there’s disaster, it’s human nature to want to put a face on the cause of the problem. We tend to need to have someone at whom we can point our angry finger. (Almost immediately after the shooting of John Kennedy, the public were shown a photo of Lee Harvey Oswald holding a rifle; the day after the destroying of the Twin Towers, the television news showed a photo of Osama bin Laden. The viewers didn’t question whether these were indeed the culprits; they simply accepted them, as their need to have someone to blame was greater than their need to have truth.)

As a Republican, Mister Hoover became an easy target for Democrats seeking to further their own careers. Although the events that led up to the depression were caused by both Democrats and Republicans, both within politics and without, Mister Hoover was a convenient target for Democrats. In fact, the term “Hooverville” was created by Charles Michelson, publicity chief of the Democratic National Committee. Democrats also came up with other pejoratives, such as “Hoover blankets” for newspapers and “Hoover leather” for cardboard used in a shoe when the sole had worn through.

Throughout the 1930s, hundreds of Hoovervilles sprang up, housing hundreds of thousands of recently homeless people. There was even one in New York’s Central Park.

By ascribing the Great Depression and everything that went with it to Mister Hoover, it was a foregone conclusion that in the next presidential election, the Democratic candidate would win by a landslide.

For the next 20 years, Democrats held the US presidency and, in that time, the government made a major transformation towards collectivism. In spite of the fact that the Great Depression dragged on for around a decade, few Americans grasped the fact that collectivist policies prolonged the depression, rather than alleviated it.

America has recently completed another presidential election – one in which Americans were more polarized than ever before in their history. Although celebration for the victor has been moderate, the angst felt by Democratic voters has been pronounced. Countless Americans are stunned. Many have taken part in demonstrations and even riots and the remainder look out vacantly at their new world, as though they’ve been advised, “Granny’s just died and you aren’t in her will.”

The sense of disenfranchisement of Democratic voters is palatable and it would not be surprising if what we’re observing is the re-election of Herbert Hoover.

Like his predecessor in 1928, Mister Trump is a highly successful businessman who has never held public office before and has been seen by his voters to represent a move away from statism. Ironically, his presidency may unintentionally create the exact opposite effect.

There are a small number of us who predicted a Greater Depression for decades and believe that we entered a Greater Depression in 2007-2008. The major negative events have been delayed repeatedly and consistently, but we feel that we’re now getting close to the tipping point, where it will be impossible to prevent the coming crashes with more Band-Aid solutions. We’re at the precipice of the second half of the Greater Depression – the more severe half.

If history were to repeat, Mister Trump would find that, within months of his ascendancy to the throne, market crashes would occur, followed by monetary collapse, diminishment of entitlements, loss of homes and jobs and a return to Hoovervilles. It wouldn’t be surprising if the present generation of collectivist spin doctors choose to call the new shantytowns “Trump towers.” There can be no doubt that it would be a successful political move and, along with other pejoratives, would be extremely likely to result in a one-term presidency for Mister Trump, followed by a landslide victory in 2020 for the Democratic Party.

Should this occur, it would follow that the American people would take a second major lurch in the direction of collectivism, dwarfing the lurch of the 1930s. It might also be possible that the winner of the 2020 election becomes “president for life,” as did Mister Roosevelt.

And, of course, Mister Trump will be no more to blame than Mister Hoover but, as the present economic cycle will reach the tipping point on his watch, there can be little doubt as to who will receive the blame. Just as in 1929, the tail will blindly be pinned on the elephant, not the donkey, and a long era of increased collectivism will be heralded in.


To be sure, there are many of Americans who are presently hoping that a Trump presidency will mean a return to a more capitalistic US. The odd twist in this instance is that, if all Republicans had supported Bernie Sanders, the crashes would occur under a Socialist banner and it would be the Republican Party spin doctors who would be twisting the facts in favour of capitalism after the inevitable crashes.

What I believe we shall witness in the US will therefore be not only the second half of the Greater Depression, but, in addition, the “Second Wave of Collectivism.” This may well come under what will become known as “the Purple Revolution.”

Visionary economic prognosticator Harry Schultz often predicted that the Greater Depression would be “ten years down and ten years up.” It’s now been over eight years since the onset of the depression and we’re not yet close to the bottom, which would mean that, although Uncle Harry’s prediction seemed extreme back in the early 2000s, it’s likely to prove conservative on both sides of the prediction. It may well be that the recovery will be prolonged due to the same collectivism that dragged out the depression through the 1930s and 1940s.

Once again, the government itself may become the greatest deterrent to recovery, resulting in a long economic and social dry spell for those who choose to live in the US.
http://www.zerohedge.com/news/2016-11-2 ... en-elected" onclick="window.open(this.href);return false;

12 Signs Of Extreme Optimism In America Now That Donald Trump Has Been Elected
The election of Donald Trump has brought a giant wave of optimism to conservative America unlike anything that we have seen since probably the days of Ronald Reagan. Millions of Americans that were once deeply pessimistic about the future of this country now have hope again thanks to what many consider to be the greatest miracle in the history of U.S. politics. And just like so many of the pre-election polls, the predictions about how the nation would immediately respond to a Trump victory have turned out to be completely wrong as well.

Instead of a historic stock market crash as many in the mainstream media were projecting, we have seen an unprecedented stock market rally in the days following Trump’s win.

Instead of an immediate economic downturn, many economic indicators have surged to their highest levels in quite some time in recent weeks.

And instead of feeling gloomy about the future, many Americans are feeling really good about what is ahead for the first time in a very long time.

The following are 12 signs of extreme optimism in America now that Donald Trump has been elected…

#1 The U.S. dollar is once again the strongest currency in the world. It has soared in value since Trump’s stunning election victory and on Wednesday the U.S. dollar index hit the highest level that we have seen since March 2003.

#2 Stocks continue to skyrocket in the aftermath of Trump’s win. On Wednesday, the Dow Jones Industrial Average closed at a brand new all-time record closing high of 19083.18.

#3 The University of Michigan’s consumer expectations index has hit the highest level in 18 months.

#4 The percentage of Americans that believe that the U.S. will experience “continuous good times” over the next year has risen to 46 percent, which is up 11 percent from the reading in October.

#5 Some other newly released numbers show that U.S. consumers are the most optimistic that they have been in a decade…

According to the latest report, in some cases, Americans are the most hopeful they have been in more than a decade. For the first time since 2006, 37 percent of households said they expect their personal finances to improve in 2017. Also hitting decade highs: real income expectations, as wage growth continues to gain strength in a broadening swath of the economy.
#6 Investor optimism about stock prices has risen to the highest level in 21 months.

#7 U.S. manufacturing PMI has hit the highest level in 13 months.

#8 The number of U.S. oil rigs in operation has hit a 10 month high.

#9 The Federal Reserve appears to think that the U.S. economy is now “strong enough” for a hike in interest rates in December.

#10 Now that Trump has won, gun stores are reporting that sales are down significantly as Americans embrace a more positive outlook regarding the future.

#11 A new Gallup poll has found that 51 percent of Americans have become “more confident” in Trump’s ability to lead the country since the election, and only 40 percent have become “less confident”.

#12 As I discussed just a few days ago, Gallup has also found that the percentage of Republicans that believe that the U.S. economy is “getting better” jumped from 16 percent just prior to the election to 49 percent after the election.

Now that Donald Trump has been elected, many Americans are convinced that the U.S. economy will become stronger than ever before.

Now that Donald Trump has been elected, many Americans are convinced that the U.S. military will be rebuilt and will become so strong that nobody will ever dare to mess with us.

Now that Donald Trump has been elected, many Americans are convinced that the United States will once again become the most loved and most respected nation on the entire planet.

Now that Donald Trump has been elected, many Americans are convinced that relations with Russia, China and other major foreign powers will significantly improve.

Now that Donald Trump has been elected, many Americans are convinced that we are on the verge of a “financial harvest” unlike anything we have ever seen before.

Now that Donald Trump has been elected, many Americans are convinced that honor and integrity will be restored throughout our judicial system.

Now that Donald Trump has been elected, many Americans believe that “law and order” will be restored to our cities.

Now that Donald Trump has been elected, many Americans are convinced that we are entering a new golden age of peace and prosperity for the United States.

Sadly, none of those things are true.

You may not believe me right now, and that is okay, but ultimately all of the things that I have been warning about are going to hit America. We are headed for the worst times that this nation has ever experienced, and in the end it isn’t going to make a difference whether Donald Trump is in the White House or not.

happy days are here again...?
mach es sehr schnell

'exponential reciprocation'- The practice of always giving back more than you take....
Post Reply