Inevitable stock market crash, says Mark Faber. Is this possible or even probable?

Inevitable stock market crash, says Mark Faber. Is this possible or even probable? His forecast:

 

mark faber prediction of market crash
click on image above for link to CNBC news story

 

Mr. Faber isn’t a prophet. He’s a student of history. His basic message is simply this: The U.S. is overdue for an economic correction.

I point to biblical economics and to a secular Russian economist’s research to highlight the 7-year and 50-year natural cycles of economic booms and busts.

First, the biblical model for economics.

Deuteronomy chapter 15 addresses cancellation of debts every seven years. Federal law provides Chapter 13 bankruptcy protection to cancel personal debts through a 7-year cycle.

Leviticus 25 provides for the 50th year of Jubilee at the end of seven sevens.

The seventh year of each cycle is called the Shemitah and you can read books and listen to podcasts that tell you all about this phenomenon.

Russian economist Nikolai Kondratieff studied history and the behavior of markets. The Russian leadership wanted him to prove the U.S. could not survive the Great Depression. Kondratieff’s research proved otherwise, so Stalin executed the messenger in 1938., but he couldn’t silence the message.

Economic downturns are painful. And necessary. And predictable.

In Texas, public school systems will be the hardest hit institutions due to dependencies on property tax revenue and extreme public indebtedness. Here in Rockwall, 65% of our property taxes go to the public school system.

The Appraisal Board can appraise all they wish, but fact of the matter is this: if a property owner can’t pay his or her taxes, that government entity will run short of cash quickly.

In this coming economic cycle, many governments will break down due to insolvency, including state governments.

How do you prepare for the inevitable?

  1. First and foremost, have faith in God. Read and study the Bible.
  2. Second, Learn from history as does Mr. Faber.
  3. Third, get out of debt as fast as you can and have ready cash on hand.
  4. Recognize how economic cycles are pretty much like day and night. A sunrise follows every sunset. Instead of losing hope, look forward expectantly to the next economic ‘sunrise’.

The Bible points to specific strategies that can help you.

What’s my plan? I will follow my own advice.

John White
Rockwall, Texas

Barack Obama’s Illegitimate ‘Child’

A Little Bit of ObamaCare History

The Patient Protection and Affordable Care Act – aka ObamaCare – was passed by both houses of Congress by Democrat votes. Not even one Republican lawmaker voted for it. On March 23, 2010, Barack Obama signed the act into law.

Subsequent to its enactment, insurance rates have skyrocketed, leaving consumers to choose paying penalties they can afford over paying insurance premiums they cannotobamacare just needs a tuneup - nonsense afford.

Major insurers have dropped out of the program due to losses. These include Wellmark Blue Cross and Blue Shield, Humana, Aetna, and United Health.

Illegitimate (Unconstitutional) At Birth

The Patient Protection and Affordable Care Act (ACA) was passed by both houses of Congress by Democrat majorities. Not even one Republican voted for it. Not one.

When Obama’s legal team argued the ACA before the Supreme Court, the penalties were justified as taxes and Chief Justice John Roberts, voting with the liberals on the court, infamously and erroneously declared the penalties are not taxes and also the penalties are taxes. His appointment as Chief Justice is probably one of the worst decisions of the 43rd president.

“How is ObamaCare unconstitutional?” you ask. Let’s think critically for a moment.

What is the sole purpose of taxation? To raise revenue for governments. Nothing more. Nothing less.

From what part of the U.S. Constitution to we look for authority to levy taxes? Article I, Section 7: “All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.”

The mandated penalty originated in the Senate, not in the House. A majority of the court ruled the penalty is taxation. Therefore, the taxation is unconstitutional.

Leading up to the 2016 elections, Republican lawmakers called for repeal of all or parts of the Affordable Care Act. But, now the game is compromise, effectively exchanging ObamaCare for ObamaCare Lite.

The Bottom Line

Why should Congress fully repeal the ACA? For one simple reason: it was an unconstitutional law from the outset. And, not John Roberts and the other liberal SCOTUS justices don’t get to craft law out of thin air.

The Patient Protection and Affordable Care Act – ObamaCare – was the illegitimate child of the radically leftist Obama administration and his Democrat congressional majority.

John White
Rockwall, Texas

Democrat Sen. Richard Blumenthal takes point on the assault on our president

Why Democrats chose the jackass to represent their party
Where was Mr. Blumenthal throughout the corrupt 8 years of the Obama administration? Why no call for a special prosecutor to investigate Benghazi-gate? Why no curiosity about Hillary Clinton’s shady uranium deal with the Russians?

To all you Democrat readers: We won. You lost.

Millions of Americans are suffering because they can’t afford ObamaCare and Sen. Blumenthal wants to keep that onerous plan in place so government forces us into a single-payer model like Great Britain and Canada.
 
MSM fake news and self-appointed ‘fact checkers’ say President Trump is incorrect that Canadians are coming to the USA for medical treatment. What do Canadians tell us? Read “Estimated 52,000 Canadians sought medical care outside Canada…Number of ‘medical tourists’ up 26% in 2014” CBC News, 2014.
 
 
Democrat leadership today is not the leadership of Harry Truman, FDR, or John F. Kennedy. Democrat leadership of today is atheistic, profane, dishonest, and totally corrupt.
 
Fake news and leading Democrats claim Republicans face a backlash from voters. Here’s news for you Democrat liars: You have already faced one major backlash from your voter base in the 2016 elections and the backlash will be even greater in subsequent elections because your party only represents special interests like Warren Buffet, George Soros (a frequent visitor to the Obama White House), and the homosexual activists (a tiny minority of Americans).
 
We the People are fed up with all corruption in the Nation’s capital and it is, for this reason, we elected President Donald Trump, the “Human Wrecking Ball” to cull out establishment politicians and bureaucrats.
 
May God bless America and may God bless President Donald Trump.
 
John White
Rockwall, Texas

Urgent prayer request – Venezuela has run out of other people’s money

As Margaret Thatcher wisely noted about the end of socialism, “The problem with socialism is that you eventually run out of other people’s money.”

 

urgent call to prayer for Venezuela
Photo: CBN News

 

 

“The South American nation of Venezuela is about to erupt.

“Thousands of citizens are fed up and are now taking to the streets to express their anger and frustration towards President Nicolas Maduro, a man that has forced a sizable portion of the population to go to bed hungry and live without the necessary medications they need to stay alive.

“And according to the Economist, that’s not all, inflation is estimated to exceed 1,600% this year, a situation that will make it even more difficult for the average person to purchase food when it’s available.” CBN News, 12 April 2017 http://tinyurl.com/mxdl94a

no hay comida en Venezuela
Photo: CNN

“To say life is hard in Venezuela is an understatement. The socialist regime has continued to fail their people in every way imaginable. Thousands of natives are forced to stand in lines for necessities like food and medicine. In January the first infant death from starvation in Venezuela this year was reported. Citizens have had to take measures including the consumption of dogs, cats, and exotic animals in an extreme attempt to survive.” – Natural News, 14 February 2017 http://tinyurl.com/l3d4e4k

Most of South America is struggling economically, nutritionally, and spiritually. The empty promises of socialism remind us that socialism shall forever remain an unproven economic theory.

My Cuban friends endured a similar fate after the Soviet Union withdrew its support from that island bastion of socialism.

I invite your prayers of intercession for the desperate people of Venezuela. Their chief need is a nationwide spiritual revival. Between now and such time there comes a spiritual revival, ask the Lord to deliver the people from the ham-fisted tyranny of a socialist government led by a belligerent former bus driver.

John White
Rockwall, Texas

We elected President Trump because we want a president who follows the rule of law – So, why attack Syria?

I understand the president’s dismay at seeing death and destruction in Syria. Yes, photos of dead children and brutalized families break my heart, too.

president orders military strike against Syria.PNG
The question of the hour is this: What is our justification for attacking Syria?

Jus Ad Bellum (the right to war)

Just cause is the most important condition of Jus Ad Bellum. In this case, at what time and in what place did the Syrian government attack the United States of America or an ally with whom we have a mutual defense treaty?

The most common outcome for the aggressor country is “he who fires the first shot loses”. I point to these examples

  • The Civil War – the South fired the first shot at Fort Sumpter
  • WW1 – We usually attribute the genesis of this war to Germany, but it was actually a series of aggressive, unjust wars that included Austria’s attack on Serbia, and Germany’s aggression against France, Belgium, Russia, Luxembourg, England, Norway, Sweden, and finally the United States. Germany and Austria lost.
  • WW2 – Ditto Germany and Germany lost in even greater measure than after WW1.
  • Afghanistan – Russian aggression against Afghanistan was met by al Qaeda that the USA funded and armed. Russia lost first. The final outcome, though not apparent now, will be a huge loss by the USA. Look to 911 and subsequent radical Islamist attacks against us.
  • Iraq 1.0 – We handily won the first round when President George H. W. Bush ordered troops to defend Kuwait and Saudi Arabia, our strategic allies. (Oil was of vital importance to us at the time.) Saddam Hussein started it; we finished it. We won, the lost.
  • Iraq 2.0 – President Bush 43, at the behest of war hawks,  set out to depose Saddam Hussein and ‘liberate’ the Iraqi people. Whereas Christians and Jews were able to live and thrive in Iraq, today they are either dead or they fled the country. Did we win? We fired first and we lost. Big time.
  • Libya – Obama unlawfully attacked the Libyan government, deposed its ruler, and now radical Islamists control the country. Perhaps you have forgotten the Benghazi scandal. We fired first and we lost.
  • Syria – We fired first and you can already predict the outcome.

I wholly agree with Senator Rand Paul: Trump needs Congress to authorize military action in Syria

Article I, Section 8, enumerated powers of Congress number 10: To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water.

It’s impossible to fire upon and bomb a city without causing ‘collateral damage’, meaning the deaths and dismemberments of innocent civilians.

I pray for the president to be surrounded by wise, Godly counselors. Now I purpose to pray even more ardently for him to give heed to those wise and Godly counselors.

John White
Rockwall, Texas

AG Sessions: Will you charge the NCAA for violating 18 U.S. Code § 1951

General Jeff Sessions
Attorney General to the United States of America
U.S. Department of Justice
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001

The Threat

As reported by Business Insider, March 23, 2017, the NCAA threatened to “remove from consideration all bids to host championship events in North Carolina if the law isn’t repealed by mid-April, when event sites are selected.”

The Facts

  1. The NCAA headquarters is located in Indianapolis, Indiana.
  2. The state threatened is North Carolina
  3. Any and all business conducted by the NCAA in North Carolina is interstate commerce
  4. The threat to deny business to the people of North Carolina is a violation of the Interstate Commerce Clause, Article I, Section 8, clause 3.
  5. The threat violates 18 U.S. Code § 1951

The Law

18 U.S. Code § 1951 – Interference with commerce by threats or violence

The NCAA, by virtue of its threat to withhold business from the state of North Carolina, violates the law.

Under threat of withholding commerce with the state of North Carolina, that state’s legislature will repeal a law (HB2) that was passed to protect vulnerable women and children from sexual predators who in the guise of or pretense of being ‘transgender’ enter places intended to preserve the privacy of women and children.

The Question

What will you do, General Sessions? Will there be an investigation of this apparent violation of federal law?

Thank you,

John White
Rockwall, Texas

open letter to Jeff Sessions regarding NCAA threat to withhold interstate commerce from North Carolina.png

Contact Information to send inquiries and/or complaints to the office of the U.S. Attorney General

Postal address

U.S. Department of Justice
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001

Official webform

https://www.justice.gov/doj/webform/your-message-department-justice

Open letter to Cong. John Ratcliffe – Our resolve to fully repeal ObamaCare remains

Honorable John Ratcliffe
U.S. Representative, Texas CD-4
6531 Horizon Road
Suite A
Rockwall, TX 75032

We who opposed the House bill do not “side with Barack Obama and Nancy Pelosi” – we side with like-minded fellow Americans who demand a full repeal of ObamaCare. The quotation comes from your FB posting: http://bit.ly/2mBX0y9

trump-repeal-obamacare
The insurance lobby oppose us and I thank them for this picture
In case you overlooked our recent state and national GOP platforms. I refer you to plank number 113 of our state convention platform:
 
“113-The Patient Protection and Affordable Care Act (“Obamacare”)-We demand the immediate repeal of the Patient Protection and Affordable Care Act, which we believe to be unconstitutional.” Reference: http://bit.ly/2lT2YX9
 
I think it helpful to remind you of the President’s promise to repeal ObamaCare.
 
We are thankful to conservative lawmakers who refused to follow House leadership on this vital issue.
 
Back to plank 113 – we continue to demand the immediate repeal of the patient Protection and Affordable Care Act.
 
John White
Rockwall, Texas