11 Quotes From Trump’s Speech To Congress That Show That The U.S. Economy Is In A State Of Collapse

After Tuesday night, nobody should have any more doubt that the U.S. economy has been in the process of collapsing.  Donald Trump’s speech to a joint session of Congress is being hailed as his best speech ever.  Even CNN’s Van Jones praised Trump, which shocked many observers.  Jones said that when Trump honored the widow of slain Navy Seal Ryan Owens that it “was one of the most extraordinary moments you have ever seen in American politics”, and Jones believes that Trump “became President of the United States in that moment”.  But Trump’s speech is not just being praised for that one moment.  He detailed many of the most important problems that our nation is facing, and he explained his prescription for addressing those problems.

Hopefully Trump’s words helped people to understand that our problems did not get fixed just because he got elected.  It is going to take extraordinary action to fix those problems, because our problems run very deep.  In particular, Trump made an exceedingly strong case that the U.S. economy has been badly deteriorating for a very long period of time.  The following are 11 quotes from Trump’s speech to Congress that show that the U.S. economy is in a state of collapse…

#1 “Ninety-four million Americans are out of the labor force”

#2 “Over 43 million people are now living in poverty”

#3 “Over 43 million Americans are on food stamps”

#4 “More than one in five people in their prime working years are not working”

#5 “We have the worst financial recovery in 65 years”

#6 “In the last eight years, the past administration has put on more new debt than nearly all of the other Presidents combined”

#7 “We’ve lost more than one-fourth of our manufacturing jobs since NAFTA was approved”

#8 “We’ve lost 60,000 factories since China joined the World Trade Organization in 2001″

#9 “Our trade deficit in goods with the world last year was nearly 800 billion dollars”

#10 “Obamacare premiums nationwide have increased by double and triple digits. As an example, Arizona went up 116 percent last year alone.”

#11  “We’ve spent trillions and trillions of dollars overseas, while our infrastructure at home has so badly crumbled”

All of these quotes come from the transcript of the speech that was posted on the official White House website.

So many of the economic themes that Trump touched on are things that I have been writing about recently.  For example, I recently published an article entitled “11 Deeply Alarming Facts About America’s Crumbling Infrastructure” in which I discussed the horrific state of our roads, bridges, ports, dams, water systems and airports.  I greatly applaud Trump for wanting to do something about this growing national crisis, but I just don’t know where the money is going to come from.

Just over a week ago I also wrote a major article about Obamacare.  We have zero hope of turning our economy in a positive direction until we do something to fix our dramatically failing healthcare system, but at the moment Republicans in Congress seem extremely hesitant to take action.  Instead, many Republican leaders are now talking about trying to “fix Obamacare“, and that simply is not going to work.

You can’t “fix” a steaming pile of garbage.

All of the other facts that Trump listed about the economy were right on point too.  I have been screaming for seven years about our nightmarish trade deficit and the fact that tens of thousands of businesses and millions of good paying jobs were leaving the country.  It is refreshing to finally have a president that understands how badly America has been hurt by imbalanced trade agreements, and my hope is that he will start to take constructive action in this regard.

So much damage to the economy has already been done, and there are all kinds of indications that we are about to officially slide into yet another recession.  Yesterday we learned that the number of “distressed retailers” in this country is the highest that it has been since the last recession, and in recent weeks major retailers across the nation have announced the closing of hundreds of stores.  Lending standards are tightening, bankruptcies are rising, and employment growth at companies listed on the S&P 500 has gone negative for the first time since the last recession.

It is being projected that GDP growth for the first quarter of 2017 will be barely above zero, but it wouldn’t surprise me at all if we actually had a negative reading.

If we indeed are heading into a new recession, Trump and his supporters need it to happen as soon as possible so that they can blame it on Obama.  If a recession begins a year from now, everyone will blame it on Trump even if it is not his fault.  But if a recession begins now, Trump and his supporters can pin responsibility for it on Obama and then take credit if and when a recovery occurs.

Trump’s speech on Tuesday night was very optimistic, and he seemed quite confident that every issue that we are facing as a nation can be fixed

Everything that is broken in our country can be fixed. Every problem can be solved. And every hurting family can find healing and hope.

I hope that Trump is right, but I also know that the federal government is already 20 trillion dollars in debt, U.S. consumers are already more than 12 trillion dollars in debt, and corporate debt has approximately doubled since the last financial crisis.

You can’t squeeze blood out of an apple, and you can’t get out of a debt bubble by going into a lot more debt.

I understand that there are so many people out there right now that are deeply optimistic about the future, but the truth is that we have no hope of a positive future unless we fundamentally change our ways as a nation.  I wish that someone could show me evidence that this is happening, because I would be very glad to see it.  As it stands, we continue to steamroll toward the kind of apocalyptic future for this country that I have been warning about for a very long time.

It will take a lot more than words to fix America, and I think that Donald Trump understands this.

Hopefully many of his followers will start to get the message as well.

 

Source: http://theeconomiccollapseblog.com/archives/11-quotes-from-trumps-speech-to-congress-that-show-that-the-u-s-economy-is-in-a-state-of-collapse

6 thoughts on “11 Quotes From Trump’s Speech To Congress That Show That The U.S. Economy Is In A State Of Collapse

  1. Cosmic Disclosure NOW ! It has to collapse anyway and it is good ! A other helpful Definition of FEAR….
    Feel. Excited. And. Ready.

  2. THere is no national debt:
    From: Anna von Reitz
    Date: Thu, Mar 2, 2017 at 3:14 PM
    Subject: Trump Card will be played this month.
    In Reply to Fears About the “National Debt”

    What people are missing — and Mr. Stockman, too — is that the “National Debt” is in fact falling, not rising anymore.

    How is that possible?

    Simple. The “National Credit” is being applied to pay down the “National Debt”.

    Last month, Winston Shrout applied $400 billion directly against the National Debt. And that is just one man properly applying the remainder of a commercial claim against the so-called “National Debt”.

    As I have tried and tried to get through to people, there actually is no “National Debt”. There is only a criminally mismanaged bookkeeping system.

    In a monetary system based on Promissory Notes (I.O.U.’s aka “Federal Reserve Notes”) there is only one transaction possible and it is known as “passing the buck”. When someone pays you with a debt (an I.O.U.) and you accept that debt as payment, a credit is created for him and a debt is accrued for you.

    You never get paid for anything until you “pass the buck”—and use that debt instrument as a means to receive something real in return.

    Think about it in another way— every time a debt is created, so is an answering credit of equal amount.

    The debts and credits naturally cancel each other out. There cannot be a $20 Trillion dollar “National Debt” created without the existence of an answering and equal $20 Trillion “National Credit” being created.

    So what is all this horse-hooey about?

    The “United States Government” — as opposed to the American Government — has been very profligate. It has borrowed and borrowed and avoided paying its debts and squandered money like a drunken sailor for decades, and in the process it has accrued a $20 Trillion dollar National Debt for itself.

    The American Government as a whole, meanwhile, has been very circumspect and diligent and has accrued no commensurate debts so that a $20 Trillion dollar National Credit (and a great deal more) has accrued on our side of the ledger.

    It’s time for the Internal Revenue Service to do the bookkeeping and zero out the “National Debt”. It should be a routine process akin to balancing a check book, but instead it has been made into an excuse for fraud and theft on an unimaginable scale.

    It’s also time for the vast majority of the members of the U.S. Congress to be sacked, thrown out on their ears, given a pink slip, sent home in dishonor, and held feet first to the fire for their gross lack of accountability, honesty, and competence.

    After having spent considerable time talking to members of the “U.S. Congress” I am convinced that most of them (1) have no idea how the government of the United States is supposed to work or fit within the framework of the American Government as a whole, (2) have no clear knowledge of how the government bookkeeping and accounting system is supposed to work, (3) and aside from knowing how to “appropriate” money for every unauthorized and questionable purpose in the western world, have no idea where the so-called money comes from, how it created, or anything else about it.

    A more brainless, irresponsible, unfocused, unaccountable, indecisive, self-absorbed, egotistical, crooked, and abominable assemblage of human flotsam than the “U.S. Congress” has seldom been collected on the face of the Earth. One can only assume that Washington, District of Columbia, is the drain-hole of the world, and that the dregs of society have been dressed up in $2500 suits and trotted out as a joke.

    Clearly, when the actual land jurisdiction states convene a Continental Congress and examine the topic of credentials and requirements for Congressmen and US Senators, having a brain and an I.Q. above 60 should be first on the list, followed by a solid understanding of how the American Government functions, followed by an equally solid grasp of basic economics, bookkeeping, and accounting. Congress, after all, has the singular task of holding the purse-strings, and they have also very apparently failed to do so.

    As for the political parties supporting such appallingly unqualified candidates for office, they should be universally despised as significantly worse than useless and self-interested.

    The whole idea of “political parties” was imported here by European immigrants cast out of their own countries for their participation in the 1848 Communist Worker’s Rebellion. It is a foreign concept and practice being promoted by a foreign “government” services corporation that is under contract to us and our states to provide stipulated services. None of the familiar political party frou-frou-rah has anything to do with our actual and lawful government, except that the “United States” Incorporated has been criminally mismanaged and allowed to run rampant over the people and states that it is hired to serve and polarized by different political party platforms which serve special-interest agendas instead of seeking the Public Good..

    As part of the much-needed overhaul and reform of the “Federal Government” as its functions pertain to our states of the union, I believe that political parties should either be outlawed as seditious special interests or all political elections should be publically funded or both. Continuing to allow the “end results” of two rival gangs’ selection process to control corporate offices that have such important duties to perform is nothing short of madness. Elections for actual Public Offices must be resumed within the broader framework of the American Government and new restrictions and requirements must be imposed upon those offices and processes of the United States Government which affect us and our states.

    Anyway, folks, next time someone starts prattling about the “National Debt”, be sure to cock an eyebrow and inquire— “What National Debt?”

  3. The day he disposes of the Federal Reserve and its collection agency, the IRS, I will even be more impressed. I am sure even his most VILE detractors will bat at least (!) an eyelash.

  4. this is a number coding puff piece
    Michael Snyder has been at this for 8 years at least
    this is an attempt to get you to use the Law of Attraction against yourself

  5. Yes, I was very impressed by president Trump’s speech and specially the energy that was present in that hall. He has shown his human kindness and knowing that he almost lost one of his daughters due to the effect of vaccinations, he seems to have a bright spot in his soul that I hope and pray will prevail and grow brighter,.

    I pray and hope, that maybe when The Event would happen in the coming months, that this push in the right direction could be the start of rapid recovery and when that happens, this speech could be a valuable archived document, an evaluation of the state our world is in. Was in, before we struck gold.

    And also that the list of our global homework is clear, presented to those eyes and ears in the world that are willing to take notice of it. If humanity wakes up as a whole nothing can stop us. I’m sure of it. And when a small group wakes up nothing can stop it either. But I’d love to see it manifested as a joined effort with all Earthlings 😉

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