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Political Agenda Behind Media Coverage of Coming Recession?
Aug 20th, 2019
CommentaryMICHAEL SNYDER/ECONOMIC COLLAPSE BLOG
Categories: Warning

All of a sudden, it seems like the mainstream media just can't stop talking about "the coming recession".  If you go to Google News and type in the word "recession", you will literally get dozens of articles from the last couple of days with "recession" in the headline.  And of course it is true that there are signs of global economic trouble all around us, and I have been documenting them on my website all throughout 2019.  

So we don't want to criticize the mainstream media when they actually decide to tell the truth, because a recession is definitely coming, but could it be possible that there is also a hidden political agenda at work?  

The economy is generally regarded to be one of the bright spots for President Trump, and political operatives on the left clearly understand that a major economic downturn now would spell almost certain doom for Trump's chances of winning the 2020 election. 

And when mainstream reporters talk about the possibility of a recession as we approach the next election, many of them almost seem gleeful as they describe how it could hurt Trump politically.  Ultimately, when things start to really get bad it is inevitable that the mainstream media will place the blame directly at the feet of Trump. 

It is easy to imagine a narrative along the lines of "Trump's handling of the economy has plunged the nation into a recession" being relentlessly pounded into the heads of American voters over the next year.  And if the end result is Trump being voted out of office, more than 90 percent of those that work for the big news companies will be just fine with that.

This week, we have seen an absolute explosion in the number of stories about the possibility of an imminent recession.  The following are just a few of the stories I came across while doing research earlier today...

- A global recession may be coming a lot sooner than anyone thought

- Recession watch: 6 financial moves to make when the economy slows down

- Trump 2020 can't afford a recession

- The recession question we should be asking isn't 'when' but 'how bad?'

- Recession fears explained in one simple sentence

- Recession ahead? Dow, stocks tank on fears that bond market signals a downturn

- Recession indicator with perfect track record flashing red

- Recession signs are flashing, but Americans are still shopping at Walmart

- Worried about a recession? Don't panic, but be prepared

Of course many of these stories were sparked by a major event that we just witnessed on Wall Street.  The following comes from Fox Business...

The yield curve is blaring a recession warning.

The spread between the U.S. 2-year and 10-year yields on Wednesday turned negative for the first time since 2007. Such a development has occurred ahead of each and every U.S. recession of the last 50 years, sometimes leading by as much as 24 months.

Yes, it is possible that the yield curve could be wrong this time, but I wouldn't bet on it.

And the economic news that is coming in from all over the world just continues to confirm that conditions are deteriorating.  On Thursday, we learned that U.S. manufacturing has slumped back into contraction territory, and earlier this week we got some really troubling news from Germany and China...

Germany - Europe's largest economy - reported that its gross domestic product, a measure of an economy's health, went negative in the second quarter.

In China, the country's industrial output in July hit a 17-year low, Detrick said. Retail sales and investment in real estate and other fixed assets weakened, an indication the world's second-biggest economy is feeling pressure.

So it isn't as if the mainstream media is being dishonest with us in this case.  Global economic activity is most definitely slowing down, and many believe that things will get much worse during the second half of this year.

And a global economic slowdown would be terrible news for the Trump campaign, because their entire narrative depends on President Trump making the economy great again.  A substantial percentage of American voters are convinced that since he is a billionaire, Trump must really understand the economy very well.  

And according to a CNN poll from earlier this year, the performance of the economy is one of the main reasons for his current level of support...

Right now, the main reason voters approve of Trump's job performance is the economy. A CNN poll from late May found that 26% of those who approve of Trump's job performance said it was mainly because of the economy. That was more than double the next most commonly given answer. 

Additionally, 8% said jobs/unemployment was the main reason for why they approved of Trump. Among those who disapproved, few said anything related to the economy was the main reason why they disapproved of Trump. For example, only 1% said the Trump tax cuts.

But if the U.S. economy plunges into a painful recession, the game completely changes.

For those on the left that would like to see Trump voted out in 2020, the timing of the next recession will be key.  If the next recession doesn't begin until the second half of 2020, there may not be enough economic pain before November to swing the election in the favor of the Democratic candidate. 

So what the left really needs is for a recession to begin during the second half of 2019 or the first half of 2020 so that Americans are really suffering by the time election day rolls around.

I know that is a very sick way to think, but these are the sorts of conversations that these people actually have.  For example, on his own television show Bill Maher publicly stated that a recession would be "worth it" if Trump is voted out in 2020. 

As we approach the next election, many on the left will be so desperate to see Trump gone that they will be willing to pay just about any price to see that happen.

And to be honest, the U.S. economy is definitely way overdue for a major downturn, and so it is only prudent to get prepared for rough times ahead.  At this point, even USA Today is providing us with "recession survival tips"...

Do you really need that bundle package from your cable provider, or to pay a gardener to mow your lawn every week? Now might be a good time to figure out what's an essential expense, and what you can let go.

"Review the family budget to see what could be reduced or cut if there was a sudden drop in monthly income," says Richard Fleming, a certified financial planner based in Colorado Springs, Colorado. "Be prepared to make those reductions (or) cuts as soon as it becomes necessary."

That is actually really good advice.

Now is a time to cut costs, get out of debt and build up your emergency fund.

The coming year promises to be quite chaotic, and those that hate President Trump are likely to pull out all the stops in an all-out attempt to get him voted out in 2020.

Let the Headlines Speak
Aug 20th, 2019
Daily NewsFrom the Internet
Categories: Today's Headlines

This Isn’t Normal: Kansas And Oklahoma Have Been Hit By 65 Earthquakes Within The Last 7 Days
The state of Kansas is certainly known for a lot of things, but earthquakes are not one of them, and that is why what we just witnessed is so startling. According to the Kansas City Star, one county in central Kansas alone has been hit by 11 quakes within the past five days…It started with a magnitude-2.4 earthquake Wednesday morning just 2 1/2 miles southwest of Hutchinson, Kansas, in Reno County, according to the United States Geological Survey. There would be 10 more before the week was out.

Rocket sirens wail in Israel for second night in a row
Incoming rocket sirens on Saturday sounded in Sderot and several communities in the Sha’ar Hanegev Regional Council at 9 p.m. The military said that two of the three projectiles were intercepted by the Iron Dome missile defense system. The city of Sderot and Israel Police said that shrapnel from the third Qassam rocket launched from the Gaza Strip landed in the yard of a home in Sderot. A 30-year-old woman was treated by Magen David Adom paramedics after she fainted at a bus stop during the barrage.

Palestinian factions warn Gaza is a boiling volcano
Factions call on Palestinians in the West Bank, Gaza to “set the ground ablaze under the Zionist’s feet” “We have warned the Zionist enemy against persisting in their crimes, but the leadership of the enemy is still playing in the fire,” a joint statement by various Palestinian factions in the Strip said quoted by Palestinian Safa news agency. “Gaza is a boiling volcano which will explode in the face of the enemy and the leadership of its soldiers,” the statement added.

Trump says he will release Mideast peace plan after Israel elections
U.S. President Donald Trump said on Sunday he would likely wait until after Israel’s Sept. 17 elections to release a peace plan for the region that was designed by White House senior adviser Jared Kushner.

FRANKENSWINE Pig hearts could be used in human transplants ‘within just three YEARS’ says surgeon who performed first ever op 40 years ago
PIG hearts could be used for human transplants within just three YEARS, according to the surgeon who performed the first op in Britain 40 years ago. Scientists could be close to solving the organ donor crisis as a leading surgeon claims pigs’ hearts could be used in human transplants within just three years

Turkish lawyers threaten boycott of Erdogan’s courts ceremony
Dozens of Turkish bar associations are threatening to boycott President Recep Tayyip Erdogan’s planned ceremony to open the judicial year at the presidential palace, saying it would be another violation of the judiciary’s independence.

Former CIA Spook: “Russian Hoax Coup & Epstein Are Interlocked”
“I don’t know why it took so long, but they have raided Epstein’s island… So, there is a lot of damning information the FBI has now on certain people. At the top of the list, and the one who flew the most, was Bill Clinton. Then he lied about it. They are intertwined in that regard and with the Clinton Foundation that we know is a fraud. It is known around the world, and you’ve got these two intersections with Bill and Hillary Clinton. Welcome to the global elite. Welcome to human trafficking. These things are connected, and with Epstein dead, there are a lot of prominent people breathing a sigh of relief—for now.

It’s Sentient
Meet the classified artificial brain being developed by US intelligence programs. “When will the Department of Defense have real-time, automated, global order of battle?” they asked. “That’s a great question,” said Chirag Parikh, director of the NGA’s Office of Sciences and Methodologies. Then, Parikh actually answered this question: When would that translate to near-instantaneous understanding and strategy development? “If not now,” he said, “very soon.” “Sentient is a thinking system,”….

After Tlaib Backtracks on her Visit to Israel, Trump Excoriates Her
“Tlaib wrote a letter to Israeli officials desperately wanting to visit her grandmother. Permission was quickly granted, whereupon Tlaib obnoxiously turned the approval down, a complete setup. The only real winner here is Tlaib’s grandmother. She doesn’t have to see her now!”

Bill Gates will Try to Block the Sun: ‘Tower of Babel’ in 2019
A team of scientists personally sponsored by Bill Gates plan on countering the effects of ‘global warming by injecting millions of tons of dust into the atmosphere to block the sun’s rays. Despite the clear and obvious concerns, the first test run is set to take place any day now. “There is a very fine line between playing God and tikkun olam (fixing the world),” Rabbi Trugman told Breaking Israel News. “If you don’t get it right, you are courting disaster.” Rabbi Trugman noted that this was also true for other branches of science like genetic research. “They think they can control the environment and they also think they can control men. They think they can keep the populace calm by investing in projects that may or may not solve the problem.”

Trump likely to roll out highly anticipated peace plan after Israel votes 
U.S. President Donald Trump said on Sunday he would likely wait until after Israel’s Sept. 17 elections to release his peace plan to resolve the Israeli-Palestinian conflict that was designed by White House senior adviser Jared Kushner. “I probably will wait, but we may put out pieces of it,” Trump said, explaining that “peace between the Israelis and the Palestinians” is the “toughest deal of all.”

Hezbollah brings arson terror to the northern front 
Following in the footsteps of terrorists in Gaza, terrorists from the Hezbollah terrorist movement lit fires along the Israeli-Lebanese border on Friday which quickly spread into Israeli territory, according to Channel 12 news. The fire, exacerbated by strong winds, threatened an IDF post and the border town of Margaliot.

Gran Canaria: 8,000 flee wildfires on holiday island
About 8,000 people have been evacuated as wildfires rip through Gran Canaria in the Canary Islands. The fires, which started on Saturday, are advancing on two fronts in a mountainous area of the island. Ten planes and helicopters, as well as about 700 firefighters on the ground including 200 from the military, are being deployed.

US Navy to build £330m world’s largest robot warship to patrol the most dangerous seas
THE US Navy wants to build a fleet of ten robot warships over the next five years. The huge ships referred to as Large Unmanned Surface Vehicles (LUSVs) would function as scouts for the main battle fleet, carrying radar and sonar as well as anti-air and cruise missiles. The vessels will mostly carry out “3D work” – dull, dirty and dangerous.

First-ever mandatory water cutbacks will kick in next year along the Colorado River
Arizona, Nevada and Mexico will be required to take less water from the Colorado River for the first…under a set of agreements…to keep enough water in Lake Mead to reduce the risk of a crash. The federal Bureau of Reclamation activated the mandatory reductions in water deliveries on Thursday when it released projections showing…the level of Lake Mead will sit just below a threshold that triggers the cuts.

Trump ‘not ready’ for China trade deal, dismisses recession fears
U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.

Hong Kong readies for further protests after huge, peaceful rally
Hong Kong is gearing up for further protests this week after hundreds of thousands of anti-government demonstrators braved heavy rain to rally peacefully on Sunday, marking a change to what have often been violent clashes. Sunday’s massive turnout, which organizers put at 1.7 million, showed that the movement still has widespread support despite chaotic scenes last week when protesters occupied the Chinese-ruled city’s airport.

Palestinian intelligence warns of possible violent uprising in West Bank
A Palestinian intelligence warns of a possible deterioration of security situation in the West Bank which may lead to another breakout of violent uprising and destabilize the Palestinian Authority, if the political and economic stagnation continues, according to a report seen exclusively by Ynet and its sister publication Yedioth Ahronoth.

Jordan summons Israeli ambassador over holy site clashes
Jordan has summoned Israel’s ambassador to protest “Israeli violations” at a Jerusalem holy site sacred to Muslims and Jews. Jordan’s Foreign Ministry said Sunday that Amman delivered a “decisive letter” to the ambassador, including a call “to immediately cease all Israeli violations and all Israeli attempts to change the historical, legal status” at the site.

“The Southern Poverty Law Center Is A Hate-Based Scam That Nearly Caused Me To Be Murdered”
“I’ll never forget the moment I learned we were on lockdown. It was Aug.15, 2012. My frustration mingled with fear. Trapped on the sixth floor, we knew someone had been shot…”

Hail Storm Kills, Maims More Than 11,000 Birds in Montana
Wildlife officials say a hail storm packing 70-mile-per-hour winds killed or maimed more than 11,000 pelicans, cormorants and other birds when it rolled over a central Montana lake and nesting area.

Deadly floods hit Istanbul after 4 months’ worth of rain in 90 minutes
Extremely heavy rain hit Istanbul and other cities in NW Turkey on August 17, 2019, causing severe flooding in which one person lost its life.

The Chinese Are Silently Invading Australia
Just as the American southern border is under attack, so it in Australia. The Chinese invasion is threatening the Australian culture, education system and is moving into the political arena. The resulting chaos has largely been ignored by the government, until recently.

For 30 Plastic Bottles You Can Get A Free Subway Ride In Rome
Starting now, it might be beneficial for you to pick up and store plastic bottles as you go across Rome in a metro. Well, unless you want to start ‘plogging’, then it is a completely different ball game. As the news proclaims, the transport authorities of Rome are trying to see if swapping plastic bottles for metro fare would be economically and socially beneficial enough for the population.

Ilhan Omar and Rashida Tlaib Retweet Jew-Hating Cartoonist who Mocked Dead US Soldiers in Iraq
On Friday Democrats Ilhan Omar and Rashida Tlaib shared a meme on their Instagram pages from cartoonist Carlos Latuff, who’s work has been accused of being anti-Semitic and has trivialized the holocaust.

Pelosi SLAMS Israel, Who Enforced Their Laws Against Omar and Tlaib, As “Sign Of Weakness”
On Thursday, Rep. Nancy Pelosi stated after Israel decided not to allow Reps. Ilhan Omar and Rashida Tlaibenter, their country as a congressional delegation, calling it a “sign of weakness” by Israel.

US Air Force Can Now Turn Small Planes Into Robots
“Imagine being able to rapidly and affordably convert a general aviation aircraft, like a Cessna or Piper, into an unmanned aerial vehicle…”

Earthquake cluster slams Kansas county with 11 quakes in 5 days
A county in central Kansas experienced a pretty shocking uptick in seismic activity last week — 11 earthquakes in five days. It started with a magnitude-2.4 earthquake Wednesday morning just 2 1/2 miles southwest of Hutchinson, Kansas, in Reno County, according to the United States Geological Survey.

Every Abortion Clinic in US to Receive ‘Unplanned’ Movie DVD
The pro-life motion picture “Unplanned” will be released on DVD, Blu-ray and in digital formats on Tuesday, and Abby Johnson, the woman whose true transformational story is the subject of the movie, is taking advantage of the event by sending a DVD to every abortion clinic in the nation.

Car Bomb Hits Security Force in Northeastern Syria, at Least One Killed
A car bomb killed one member of a security force and wounded two others in the Kurdish-controlled city of Qamishli in northeastern Syria on Sunday, the security force said.

For He That in These Things Serveth Christ [is] Acceptable to God, and Approved of Men - Romans 14:1
Aug 20th, 2019
Morning MeditationF. B. Meyer
Categories: Commentary;Inspirational;Book Study

Dean Howson renders this verse thus: "He who lives in these things as Christ's bondsman is well-pleasing to God, and cannot be condemned by men." There are two rules, therefore, to be observed by us when we consider our behavior in that great border-land which lies between the dark and light, the clearly wrong and clearly right. We are all conscious of habits and tastes, of inclinations toward certain forms of amusement and recreation, of methods of life, which do not contravene any distinct law of God, but are certainly open to question. It is such things that fall within the scope of these two principles.

First, we must always remember that we are Christ's bondservants.--Let us look then, every day and hour, and as to the mental habit, every moment, upon Jesus Christ as our Master. Saintly George Herbert chose that to be, as it were, his best-beloved aspect of his Saviour; "My Master, Jesus." "An oriental fragrance, my Master." Let us do the same. Let us wear the word next the heart, next the will; nay, let it sink into the very springs of both, deeper every day. And as each fresh question arises in our life, let us stand close besides Him, noticing the expression of His face, asking Him what He would desire, and always reckoning that the least suggestion of His preference is law. "None of us liveth to himself: for, whether we live, we live unto the Lord."

Second, we must always bear in mind the spiritual life of others.--We are to put no stumbling-block, or occasion for falling, in another's way. It is good neither to eat flesh, nor drink wine, nor to do any other thing, whereby our brother is made to stumble. Let us each of us please his neighbor for good ends, to build him up; for Christ pleased not Himself.