WHY WHEN NAMAZU SPEAKS FOLKS SHOULD LISTEN
|MIRROR MIRROR ON THE WALL WHO IS THE WISEST CATFISH OF THEM ALL?|
Editor's note: 8/29/2016 We thought this worth a revisit. The catfish called it right back in 2012.
But things happened. Here is what we could get of his current thought on the looming election:
1. There will be a sudden and great decrease in the stock market immediately after the election. It doesn't matter who is elected this correction is over due and will come regardless of who is in office. Whether or not Trump will be able to do anything that could shorten the duration or lessen the depth of the correction is unknown and unknowable. It is a virtual certainty that Hillary will worsen the situation, unless she chooses to do nothing, which is contrary to her socialist centrally planned government run economic philosophy. This correction could be as much as -50% of the present market value of most otherwise solid corporate stocks.
2. If Hillary gains office the dollar within 6 months to a year will experience a global devaluation resulting in about a 30% loss of purchasing power, with a dramatic effect on retirements, other savings and investments, consumer spending and driving the US economy closer to collapse. If Trump is elected, the stock market will still fall, and the dollar will still be under attack from currency manipulators such as China, what he will do about it is as yet unexplained in the campaign rhetoric and advertising.
3. If Hillary is elected the national debt will continue to expand eventually bankrupting the United States. If Trump is elected he has promised to halt the growth and to eventually shrink the national debt. Can he do it? We don't know, but Trump has promised to try, Hillary will simply continue to rack up more debt.
We couldn't get much more out of the Great Catfish this election season. He seems rather depressed. As our readers are aware while the Great Catfish is a global citizen and not a subject or citizen of any particular nation he is very fond of America in particular, and the English speaking peoples of the world generally, as well as his nearest neighbors the Japanese. He does not see a great future for the US or the West generally despite all of the factors he described in 2012 which should propel the US into prosperity and global leadership. He sees the Obama administration as having squandered the reputation, credit, and opportunities that were available to the US starting back in 2012. He views Hillary as a third term for Obama and thinks she will "finish off" the United States. He simply has no history he can relate to relative to Mr. Trump. We pressed him hard for his best advice to voters and all he would say is....."Hold your nose if you have to , vote for Trump....and pray.
People often ask why on earth did we give that giant catfish complete editorial freedom? Perhaps you have read his serial diatribe "To The English Speaking Peoples" where he is urging the formation of an English speaking naval union and explaining the array of naval threats to the English speaking world. Sometimes he seems arrogant ( well he is the size of Japan and was once worshiped as a demigod), curt, and always politically incorrect. But we let him rip because he is almost always dead right! His insights while curtly spoken, have depth ( which we'd expect from an analyst living at the bottom of the sea). If you have any doubts read the excerpt below from his post on the day after the Presidential election. Then read what the Washington Post had to say three months later. Namazu knew all along, the Washington Post is just starting to get it. We could give other examples but the bottom line is this ; if you don't read and take the catfish seriously, you're behind the curve. Really.
From NAMAZU FULLY LOADED THE FUTURE OF AMERICA-Posted November 6, 2013
"As I write this today Tuesday, November 6, 2012 the two leggers known as Americans went to the polls to decide by democratic vote, or electoral fraud who will occupy the single most powerful office on earth for the next four years or longer. Today America had a choice between two men neither one of which is really suited to govern. I'm not going to predict the election results for you because those will be in by the time this is posted on the Internet. The big issue in this election was the economy. Here is a news flash for you, get ready, this is big, this is earth shattering, drum roll please:
"There is a massive and rapid economic recovery coming to be followed by a relatively prolonged period of rising American Prosperity. This recovery/ restoration will be fully manifested within 42 months, possibly as early as 36 months and the first signs that the national media will be able to read are just around the corner. Who ever you elected today as president had nothing to do with this recovery, but the nearly 40% of the electorate that doesn't pay income tax and another 10% or so who are chronically clueless will credit the sitting President at the time with the boom. Who is president will determine whether we will develop our new found riches into a legacy for the future or squander it in useless programs that bring us to ruin when this next economic merry go round stops. Remember you heard all this here first. Print out and keep this posting for the future."
America is back (The media starts to catch on two months later)
By David Ignatius
"Confidence and liquidity are returning to European markets, as Deutsche Bank co-chairman Anshu Jain told the conference. He noted that default rates have halved in Italy and Spain, trading volatility has declined, and countries and corporations are again able to tap the financial markets.
But the abiding economic fact, which underlay nearly every discussion here, is that the U.S. economy is on the way back — not just a recovery from 2008 but also toward a new energy self-sufficiency and manufacturing edge based on low-cost oil and gas shale. Jain argued that, given these cost advantages, the U.S. economy “looks very strong for the next 20 years.”
That’s the irony as the foreign-policy wheels of 2013 start turning. Almost despite itself, America is back, embracing once again its traditional allies. It may have struggled in Iraq and Afghanistan, it may be facing a rising China, but somehow it has managed to fall uphill.
This is one of the blessings of American power: You can make enormous economic mistakes, embark on costly and largely futile foreign wars, watch your closest European allies flirt with disaster — and still look like the indispensable, inevitable power. As Dorothy said, there’s no place like home."