The only thing going up right now is the U.S. stock market, because Trump figured out that as long as free money is pushing the index futures to all time highs, everything else can collapse in real-time. Useful idiots will question nothing...
"The only thing going up right now is the stock market, but if you raise interest rates even just a little bit, that's going to come crashing down. Believe me, we are in a big, fat, ugly bubble, and we better be very careful. The Fed is doing political things, this Janet Yellen, by keeping interest rates low"
"The only thing going up right now is the stock market, but if you raise interest rates even just a little bit, that's going to come crashing down. Believe me, we are in a big, fat, ugly bubble, and we better be very careful. The Fed is doing political things, this Janet Yellen, by keeping interest rates low"
- Donald Trump, September 2016
Three years later:
"The president, who’s demanded the independently run central bank cut rates, is probably going to get his wish"
"The president, who’s demanded the independently run central bank cut rates, is probably going to get his wish"
The alt-truth era is a con man's paradise, and make no mistake they are thriving. There is no story too absurd or asinine that the alt-media won't print. If only to monetize their collected hordes of subscribed idiots. Journalistic standard is a bygone relic.
At this latent juncture amid advanced global collapse, somehow the triumvirate of Trump, the Fed, and Wall Street have convinced gamblers that there is "no alternative" to investing in collapse.
The media have been very useful idiots in this entire con job:
"Bad news is cheered. Good news makes investors nervous. Welcome to Wall Street."
Welcome to the end of the party.
This era proves that the human race will believe ANYTHING except the inconvenient truth. No lie or liar is too big or ludicrous. This is the Creator's way of teaching humility by way of humiliation.
It started three years ago, with Russian assistance winning the election. A proven fact, ignored solely because collusion by the pre-programmed Manchurian Candidate couldn't be proven.
Markets tanked on election eve, but then ramped when it was clear this would be the most corruption friendly regime in U.S. history. Trump wasted no time stacking his hen house with record industry lackeys.
One of the first orders of business was to eliminate the Fiduciary Rule which would require financial advisors to operate in client best interest. That set-off a massive wave of fraud as the elderly got bilked.
The next order of business was to open up Federal lands to fracking, setting off the biggest drill-fest in U.S. history. Now culminating in industry bankruptcy.
In early 2017, the Trump administration imposed tariffs on Canadian lumber imports, which raised the cost of U.S. housing at a time when home affordability was already an issue. Then the tax cut drove long-term interest rate higher. The combined effect imploded the housing market.
Which then imploded the lumber market:
The tax cut was purposely timed for 2018 ahead of the mid-term elections. It boosted the U.S. deficit to 4% of GDP and filled the coffers of the ultra-wealthy. The middle class were set to get mere crumbs, so Mnuchin behind-the-scenes manipulated tax withholdings to give the illusion of a larger tax cut. The net result, more Americans OWED money in 2019. That entire fraud collapsed in late 2018 right after the mid-term election.
For the middle class, the "tax cut" has been offset by the largest tax increase in decades via Trump's trade war gambit.
All of that voter manipulation has only led to much greater fraud ahead of the 2020 election. Trump has now successfully co-opted the Fed in order to drive a bigger asset bubble ahead of 2020.
In addition, he has literally buried farmers with false promises for a "good and easy to win" trade war. When soybean prices collapsed in 2018, farmers held their harvest through the winter, only to see it get destroyed by biblical floods this past Spring. Two farm bailouts later and soybeans are still near record lows with no trade resolution in sight. Only more false promises.
No one has been more complicit in this fraud than the business news media. Always standing by to turn bad news into good news.
Amid record store closures in 2019, we are now in an emerging "renaissance" for retail:
According to the article, just ask a mall landlord.
This is the largest mall operator in the U.S.:
The fraud today is epic.
Record stock buybacks funded by record corporate debt
Record IPO cash out for venture capital funds
And record gap between fantasy and reality
