Hard times on the horizon due to past Fed policy

 
Two parts to the above video. 
Both the post and videos get a bit into the weeds, but are most informative as to which way the wind is blowing.
Bottom line, the Fed has blown it.
 

Peter Schiff — A December to Remember — 2019 Recession Means 2020 Socialism ( This is About the Elite vs We The People )
by Amy S.

The sad thing is that people believe this is about Republicans and Democrats. It’s NOT. They are two wings same bird. They all serve the same corporate masters. This is about the elite vs We The People. Time for the world to wake the hell up. And as soon as this economy tanks it will be yellow vest time in America.

Not a Crash, but Regular Volatility – But let’s talk about another big down Monday. As I suggested when I did my podcast on Friday, I’m still thinking that there is a possibility of a Black Monday type event this year. I said we were running out of Mondays because we only had 3 left, and now one down. This, again was not a crash, but the Dow did close down better than 500 points. At one point, we were down over 600. You know, these big drops are not becoming a recurring event – they add up, right? Worst December Start Since 1980 – If you look at the charts, we look extremely vulnerable to a big drop. I read that already, we’re off to the worse start for a December since 1980. That was really the end of the last bear market. We had a bear market that went from 1966 to 1982, so the last time we had a December this week was at the tail end of that long-term secular bear market.

With his first year in office drawing to a close, the US president has been talking up his economic record in typical Trump style.

The next great economic crisis is rapidly approaching, and most people are going to be totally blindsided by it. Even though the warning signs are glaringly obvious, most Americans continue to believe that our “leaders” know what they are doing and that everything will be just fine. But what will happen when the next great financial crash happens and trillions of dollars of “paper wealth” disappear into thin air? What will happen when the coming credit crunch causes economic activity to dramatically slow down and millions upon millions of people lose their jobs? This shouldn’t sound far-fetched to you.

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