China Takes A Comprehensive Trade Deal Off The Table, And That Is Disastrous News For The U.S. Economy

The Chinese never intended to make a deal, and now they are publicly admitting it.  For months, I have been warning readers of The Economic Collapse Blog that a comprehensive trade deal with China will not happen before the 2020 presidential election, and the reason why this is the case is actually very simple.  The Chinese have concluded that President Trump will never give them the kind of deal that they are looking for, and so their entire goal has been to run out the clock on the Trump administration so that they can finally get to a Democrat that will be much more “reasonable” to deal with.  Of course if Elizabeth Warren or Bernie Sanders wins the election, they won’t be very “reasonable” either, and so the best case scenario for the Chinese is for either Joe Biden or Hillary Clinton to emerge victorious in November 2020.  In any event, the Chinese are now being very clear about the fact that they are never, ever going to agree to Trump’s core demands.  The following comes from CNBC(Read More...)

In A New Campaign Ad, Senate Majority Leader Mitch McConnell Is Vowing To Keep Trump From Being Removed From Office

This is great news for President Trump.  In a new campaign ad that is now appearing on Facebook, Senate Majority Leader Mitch McConnell is promising voters that he will do all that he can to keep Trump from being removed from office.  Of course McConnell can’t keep the Democrats from impeaching Trump in the House, but once the matter shifts to the Senate for a trial, McConnell is promising that he is going to do all that he can to kill it.  It would take 67 votes in the Senate to remove Trump, and Democrats only have 47 seats, and so it was always going to be challenging for them to get 20 Republicans to turn against Trump.  But now with Senate Majority Leader Mitch McConnell taking such a strong public stand against impeachment, it is going to be almost impossible for the Democrats to achieve their goal.  The following originally comes from The Hill(Read More...)

Trouble Brewing In The Senate? Mitt Romney Calls Trump’s Behavior “Wrong And Appalling”

Why is Mitt Romney publicly coming against President Trump?  In recent days, Mitt Romney has become the unofficial leader of the anti-Trump faction among Republicans in the U.S. Senate, and it appears that he may be attempting to rally enough votes to get Trump voted out of office once the impeachment process moves out of the House.  Does he actually believe that he is doing “the right thing”, or is there an underlying political motivation for his latest attack on the president?  The following comes from the Hill(Read More...)

Franklin Graham Warns That “Our Country Could Begin To Unravel” If President Trump Is Removed From Office

The Democrats are convinced that they finally have President Trump in a trap from which he will not possibly be able to escape.  Nancy Pelosi’s plan is to have articles of impeachment ready for a vote some time around Thanksgiving, and she probably would have never started down this road if she did not believe that she already has the votes that she needs to impeach Trump.  By stonewalling the investigations that are happening in Congress, Trump can try to push this timeline back a bit, but Pelosi is determined to move forward quickly.  All it takes is a simple majority to impeach Trump in the House, and so Pelosi could lose quite a few Democrats and still be successful.  Then this matter would move to the U.S. Senate for a trial, and it would take 67 votes to convict Trump and remove him from office.  Since the Democrats only have 47 seats in the Senate, you would think that Trump should be safe, but unfortunately that may not be the case.  Many Republicans in the Senate are not fans of Trump at all, and they may just stab Trump in the back if there is an opportunity to do so. (Read More...)

According To The FEC, Hillary Clinton’s Presidential Campaign Is Raising Money – Is One Last Run For The White House Coming?

Could it be possible that Hillary Clinton is preparing to jump into the presidential race?  According to the FEC, Hillary Clinton’s presidential campaign is still active, and it actually raised $165,902.73 during the first six months of 2019.  During that same period of time, the campaign spent $131,112.68, and that left her with a war chest of $650,264.43.  That isn’t enough to win the Democratic nomination, but it would certainly be enough to get another run for the White House off the ground rather quickly.  “Hillary For America” is the name of her official campaign committee, and during 2015 and 2016 it raised a total of $585,669,598.83, but that still wasn’t enough to beat Donald Trump.  However, with impeachment mania reaching a fever pitch in Washington and with the Biden campaign fading, Hillary may sense an opening.  She had a full slate of media appearances scheduled for this week, and so far she has done nothing to dispel the rumors that she may be getting into the race. (Read More...)

Signs Of The Times? Earthquake Swarms Hit Texas, Oklahoma, San Francisco And The New Madrid Fault Zone

There is a whole lotta shaking going on in America right now, and many people are concerned about what that could potentially mean.  Could it be possible that the U.S. is entering a more seismically active time?  This week alone, we have seen earthquake swarms in Texas, Oklahoma, San Francisco and the New Madrid fault zone.  Of course earthquakes happen every day, but to see so many earthquake swarms happen in such diverse places within such a compressed period of time is definitely unusual.  And what makes this even more unusual is the fact that Rosh Hashanah just ended.  In fact, the earthquake swarm that we just witnessed in Texas started on Rosh Hashanah with a magnitude 4.0 quake near the town of “Snyder”(Read More...)

With Biden Damaged And Warren Surging, Could Hillary Clinton Still Enter The Presidential Race?

Just a few weeks ago, it seemed exceedingly unlikely that Hillary Clinton would enter the race for the White House in 2020.  But now the Biden campaign is deeply struggling, and the constant focus that the impeachment inquiry is putting on his son’s dealings in Ukraine has already significantly damaged his chances.  Joe Biden’s numbers are sliding nationally, and in the early voting states they are really starting to plunge.  The only thing that made him a strong candidate in the first place was the fact that he was Barack Obama’s vice-president for eight years, and unfortunately for Biden his weaknesses are really being exposed over course of this campaign.  Meanwhile, Elizabeth Warren has been surging nationally, and she is now in first place in several of the early voting states.  This has put the Democratic establishment in panic mode, because it now looks like Warren has a really good shot of actually beating Biden.  But none of the other establishment candidates have been able to maintain any sort of traction whatsoever, and at this point none of them are even close to double digits in the major national polls.  So that means that establishment Democrats need a savior, and it turns out that “savior” could end up being Hillary Clinton. (Read More...)

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