Posted on 08/17/2020 5:23:53 PM PDT by blam
With only 56 trading days and fewer than 80 calendar days to the election, the Deep State camps seeking to torpedo Trump's re-election have reached the do-or-die point.
Back in June I speculated that the only way the Deep State could deep-six Trump's re-election was to sink the stock market rally, which the president has long touted as evidence of his economic leadership.
Deep State to Powell: Stop Goosing Stocks Higher Or You'll Re-Elect Trump (June 9, 2020)
Since then, stocks have lofted ever higher, with the Nasdaq index hitting new all-time highs and the S&P 500 reaching its pre-pandemic heights of euphoria.
So far, there's nothing to support my thesis other than the Federal Reserve's balance sheet, which has declined modestly over the past 11 weeks, from $7.165 trillion on 6/3/20 to $6.957 trillion on 8/12/20, more or less idling in neutral. This same neutral stance set up the late-February crash.
The context here is the Deep State is far from monolithic. Rather, it has fractured into warring camps that reflect the nation's profound political disunity. I have written about the Deep State's disunity for many years.
Historian Michael Grant identified profound political disunity in the ruling elites as a key cause of the dissolution of the Roman Empire. Grant described this dynamic in his excellent account The Fall of the Roman Empire. The chapter titles of the book illuminate the mutually reinforcing dynamics of profound political disunity in the ruling elites:
The Gulfs Between the Classes: a.k.a. soaring income/wealth inequality: check.
The Credibility Gap: The Mainstream Media and the Big Tech platforms laud their monopoly powers and the self-serving, failing elite they serve: check.
(snip)
(Excerpt) Read more at charleshughsmith.blogspot.com ...
I have a suspicion that Liberal billionaires will start dumping Nasdaq stocks they own any day, in hopes of a melt down of the market, including their very own super duper over inflated tech bubble stocks.
Some of us have retirement savings. Democrats really hate normal Americans!
Covid 19 will end after the election and the stock market will crash before it. Count on this.
The IRA just keeps skyrocketing. I never expected this during the China flu crap. Better news is we don’t have to spend it until I turn 72.
Now if Biden steals the election, I will probably wish I spent it.
TBH, I am getting worried about the stock market.
The Deep State needs to have a serious evaluation about what a Biden/Progressive government will do the financial underpinning of this country. They have not been the least bit shy about coming after the wealthiest people and institutions in America. What they could destroy in two years of full control of the federal government will never be repaired.
Let me preface this by saying I hope I am wrong.
I think the Democrats plan of last resort is massive confusion and lawsuits during and immediately after the election, culminating in an electoral college and Constitutional crisis with simultaneous civil unrest.
The higher the market goes prior to that the more spectacular the crash will look.
I think it is too late for this shananigans or mischief. I don’t think the fundamentals concur with such manipulation.
Something like this?
US Fourth Turning Reaches Boiling Point As America Bends Its Knee
"I don’t see either side accepting the result on November 4. The real violence will get going before the inauguration in January. Martial law and blood being shed in large quantities is now more likely than not. Throw in a resumption of the stock market crash and this Fourth Turning will really intensify. We’ve reached the boiling point and those controlling the temperature are still turning it up."
I’m of the mind they are running out of gas to throw out and influence the election. Even the deep state has a limited amount of power and damage that they can inflict. But that’s just me being optimistic perhaps. I think they blew their wad on the virus and didn’t expect it to recover until after the virus narrative was over. Just my opinion.
I had a small retirement fund that I melted down to pay off a house. I feel real estate is more stable.
Good, now they can pick on stocks other than Apple (AAPL) in their attempts (unsuccessful) to drive down stock prices.
Their cheat by scheme is being thwarted. They were really counting on that.
They ratcheted up the misery index too early and now it is turning into a backlash.
I still think the election will be pure chaos in blue states. Pure chaos. When Trump wins they will not accept it and that will be the new narrative.
They are in a catch 22.
The only way to defeat Trump is to crash the stock market.
The only way to crash the stock market is to defeat Trump.
Catch 22.
My fear is that this leaves them with only one option - which is unspeakable - but I wouldn’t put it past them.
Something exactly like that.
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