Posted on 02/06/2018 3:41:06 PM PST by blam
As one who truly enjoys doom and gloom threads, the old stock market one is over done.
Sorry.
Turn those machines back on!
That is possible, what did you mean?
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How’s this for a comment:
When people see the Clintons and Bushies in Levenworth the market will surge to 50,000!
.
The market is 25 trillian strong.
It was over-valued and money grab was priority one.
Does any astute Freeper know anything about his fund? It’s paying 10.45% dividend. IEP. Carl Icahn is a majority stockholder in it.
https://finance.yahoo.com/quote/IEP?p=IEP
I meant the more he ties in the Stock Market with his success, the more likely he will be falsely attacked if/when there is a major correction. It’s not a prudent thing to do. They will use anything and everything they can to attack him.
I agree 100% with your comment about exposing Soros and other Globalists. That would be wise to do.
I think he will eventually and pointedly address that.
Unlike 1929, taxes are low relative to that time and the industrialized world isn’t consumed in trade wars so I don’t see an earthquake coming unless you talking about the Middle Class throwing off its shackles.
Under his mattress.
The world is going to end! I can’t tell you if it is in 5 seconds, 5 years, or 5 centuries, but remember to give me full credit when it happens.
Smoot Hawley affected trade, specifically imports, which amounted to a measly 1.5% of the entire economy in 1930. Imports were cut in half and so were exports which were 2% of the US economy, tiny. After Smoot 1% of the economy shrank. 1% that's it. 1% isn't even considered a recession. So you Free Traitor™ want to blame the entire depression on a 1% GDP shrinkage. What a joke. This why I have zero respect for so called economist. They are all full of BS.
Simply put Smoot Hawley is a lie and propaganda used by Free Traitors™ all the time.
Just once I wish one of you Free Traitors™ would do some research and look at the facts about Smoot Hawley and drop the brain dead mantra.
If you would bother to learn some facts you'd find out that trade in 1930 was 2% OF THE ENTIRE GDP so trade was not a factor in the Great Depression. It was a tiny portion of the economy so it could have a big impact.
Recession?! We had begun the greatest economic contraction in the history of capitalism 6 month prior. Smoot through gas on that fire and helped spread the contagion worldwide.
Listen idiot, trade was only 1% of the economy then. What’s so hard for you to understands? The economy contracted over 40% from 1929 to 1931 and you want to blame an obscure trade act that may have contributed 1/2% contraction? Are you f’ing retarded?
So of course, making it worse won't hurt! And the countries who couldn't sell into our economy anymore. What do you think they were doing in the 30s? Japan had no natural resources, only trade. Smoot blew a hole in the Jap economy. Jesus Christ, do you think WWII just materialized out of thin air?
That is complete BS, Japan was not dependent upon export to the United States prior to WWII. If anything they were dependent upon US exports to them.
Their most important export was silk. And we bought most of it. Smoot cut their silk export in half.
So, when the crash comes, will Icahn jump off the top floor of the Chrysler building?
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