#560 Yeah people are running around with their hair on fire.
They did in 87, the did in 08. What happened both times?
The market recovered and grew.
I am retiring at the end of June. I am not the least bit concerned. Maybe some short term discomfort but not long term. It also puts the spotlight on Major issues. WE outsource way to much. Medicine is but one example.
Expect a few Ex. Orders to address them.
Yes markets will recover, but they will try to blame President Trump for it. Everything is political.
The one thing President Trump has is the economy that the Democrats had a hard time attacking. President Trump kept our economy going when it should have collapsed under Obama. Remember the Fed kept pumping it to save Obama. Nevertheless, we never never really fixed after 2008 crash.
Speaking of the 2008 crash. Remember the timing of it. Right before an election (July of 2008). Now we have the Coronavirus that fake stream news is over playing. A month ago they were calling President Trump racist for taking preventative measures. What we are witnessing is a slow motion September 11th engineered to change our world. Yes the attack is real, but who does it benefit?
You have to ask yourself who gains and who loses from this? Then once you know that, then you know who engineered this. Funny how it happens right after the “Trump is a Russian” fades away and his rallies get bigger and bigger. What is the CoronaVirus going to to do to the rallies? End it so it looks believable when the Globalists steal the election in November.
We would have been out of this mess (2008 crash ) if we did not have the bail outs. Had they let the medium to small businesses buy the remaining pieces of Bear Sterns, etc... then by now we would be in good shape.
The Fed has boxed itself in the corner over the last decade. They use to raise interest rates when the economy gets hot. Now they can only cut interest rates and pump cash into the markets. This is why we are approaching negative interest rates.
We will see a rise of Digital Assets and crypto currencies which the Fed has been working on since 1983.