It's an interesting historical moment, when the domestic political environment is obsessed with the present and recent past, that the politicians and public cannot see that we are on the verge of a systemic change.
All the memes, all the talking points, all the political plans and agendas, are about to be shitcanned and forgotten.

For starters, we will soon be in a recession.
How do I know this?
I'm not alone.

According to Michael Feroli and the economists at JP Morgan, based on their multi-variate model the chances of a recession before the end of 2017 now sit at 67% with the chances of recession within three years sitting at 92%.

Not all economists are so pessimistic, but a large majority of them expect a recession in the next four years.

It doesn't take a genius to see the probability of a recession soon.
Just look at history.

This is already the 3rd longest economic expansion in America's history.
What are the chances that this "recovery" will be the longest in American history?
It could happen, but is it likely?

Republicans and Trump fans are looking toward the massive tax cuts that Trump promises to boost the economy.
That's certainly the case with the stock market.

Republicans think fondly back to the huge tax cuts of 1981 and 2001 and how they boosted the economy. Their memories are flawed.
Forget for a moment that 1982 and 2001 were recession years, and also forget that the recovery from the 2001 recession was very weak, and also forget that 1981 was the start of a credit cycle while we are at the end of one.
Instead, think of the fiscal position of the federal government.

We have deficits built into our budget and Trump is promising massive tax cuts under the laughable notion they will pay for themselves.
The question is, who will buy all this new debt?

In the age of Trump, America’s biggest foreign creditors are suddenly having second thoughts about financing the U.S. government.

In Japan, the largest holder of Treasuries, investors culled their stakes in December by the most in almost four years, the Ministry of Finance’s most recent figures show. What’s striking is the selling has persisted at a time when going abroad has rarely been so attractive. And it’s not just the Japanese. Across the world, foreigners are pulling back from U.S. debt like never before.

From Tokyo to Beijing and London, the consensus is clear: few overseas investors want to step into the $13.9 trillion U.S. Treasury market right now. Whether it’s the prospect of bigger deficits and more inflation under President Donald Trump or higher interest rates from the Federal Reserve, the world’s safest debt market seems less of a sure thing -- particularly after the upswing in yields since November. And then there is Trump’s penchant for saber rattling, which has made staying home that much easier.

If Japan and China can't or won't fund us, then there is only one other alternative: higher interest rates.
And that's where things get messy.
Remember when I mentioned above where we are at the end of a credit cycle? This is what that means.

Americans now hold an incredible $4.1 trillion in consumer debt.  This latest data shows that Americans are now back to having an insatiable appetite for spending beyond their means.  Unlike mortgage debt, consumer debt is not building up any future equity here.  The largest category of consumer debt is student loan debt.  Even at the peak of the last debt bubble, consumer debt totaled roughly $2.5 trillion.  While student debt makes up about $1.4 trillion of the consumer debt here, auto debt is above $1 trillion.  We’ve also seen a large rise in subprime auto debt suggesting that people are borrowing beyond their means to consume.  Delinquencies are also rising suggesting any tiny slip up in the overall economy and this credit bubble can burst too.
Americans are now borrowing and spending at record levels. This would be fantastic if incomes were keeping up but many are trying to keep up with the Joneses by spending future income via consumer debt

It doesn't take much imagination to figure out what is going to happen to all those heavily indebted consumers when interest rates start rising. Retail spending will crash and loan defaults will spike.
Of course Trump and Congress could simply not pass those massive tax cuts, but it would be political suicide, and more importantly Wall Street has already priced in those tax cuts. Failure to pass them would cause a stock market crash.

With either crashing markets or a crashing economy ahead, do you really think that muslim immigrants and Russian konspiracy theories will be on people's minds?