Whenever the stock market posted record gains, President Donald Trump wouldn’t stop tweeting about it. Since financial markets have crashed, the president rarely talks about what transpires on the New York Stock Exchange. Will he take credit for the bust as he did with the boom?
On Thursday, the Dow Jones crashed more than 750 points, before paring those losses and bringing the declines to just above 500 points. The market has tumbled about 1,500 points, wiping out all of 2018’s gains.
There are plenty of reasons for the market plunge:
– U.S.-China trade war.
– Rising interest rates.
– Moderating money supply growth.
– Fiscal stimulus wearing off.
We are about to commence the bust phase of the business cycle.
The coming economic collapse will be far worse than what was experienced a decade ago.
The only way to delay the inevitability is to introduce another round of tax cuts.
President Trump can only hope the recession is postponed for another couple of years and he loses the 2020 contest to someone like Senator Elizabeth Warren (D-MA).
The US is a bankrupt warmongering police state.
People in Ukraine, Egypt, Iceland, and France have protested tyranny, but Americans stay silent.
Nothing is going to change unless Americans start getting out into the street and breaking windows.
Americans walk around in a fog pretending everything is fine, but the collapse is all around you. How could anyone not see or hear about the fags, tattoos, fatties, illegal immigrants, closing stores, security cameras, license plate readers, checkpoints, redlight cameras, speed cameras, FBI facial and voice recognition, curfews, gun bans, NSA wiretapping, the end to the right to silence, searches without warrants, private prisons, mandatory minimums, 3 strikes laws, DNA databases, CISPA, SOPA, IMBRA, private prison quotas, no knock raids, take down notices, no fly lists, terror watch lists, Constitution free zones, stop and frisk, 3 strikes laws, kill switches, National Security Letters, DNA databases, kill lists, FBAR, FATCA, Operation Chokepoint, TSA groping, civil forfeiture, CIA torture, NDAA indefinite detention, secret FISA courts, FEMA camps, laws requiring passports for domestic travel, IRS laws denying passports for tax debts, gun and ammo stockpiles, laws outlawing protesting, and police militarization?
A moral conservative person might either feel like he is becoming more sane as the USA collapses or question his sanity as society becomes crazier.
The US is $21 trillion in debt and no one cares.
The US is conducting multiple wars, but Americans don’t know how many because the media and government won’t say.
The USA used to be a free country, but now is a police state.
Americans seem to have accepted the collapse and are just waiting for the US Ponzi economy to crash.
What will you do when the US dollar is worthless, food stamps are cut off, there is inflation, deflation, banks are shut, your ATM card doesn’t work, bankruptcies and foreclosures rise, businesses close, unemployment soars, there are bail-ins, capital controls, negative interest rates, riots, bank runs, bank holidays, and the Internet, water, and electricity don’t work?
Will our overlords manage to kick the can down the road for another 2, 5, 10, or 30 years?