Posted on 04/18/2023 5:30:23 AM PDT by MtnClimber
On April 26, 2021, we predicted the current inflation before it began. Now we are predicting an upcoming stock market crash, and we even know the date that it will take place. Interviewer Margaret Brennan and European Central Bank President Christine LaGarde gave the date away during their conversation on "Face the Nation" on April 16:
MARGARET BRENNAN: I want to ask you about the US. And it’s not a political question, it’s an economic one. But there are predictions that the US could default in its national debt as soon as June, some say September, and we have a political standoff in this country, virtually no negotiation happening on how to resolve this. Does that undermine your confidence in the United States? And what message does that send to the world?
MADAME LAGARDE: I have huge confidence in the United States. You know, ever since my year in this country, and this city in ’73, ’74, I have had confidence in this country and I just cannot believe that they would let such a major, major disaster happen of the United States defaulting on its debt….
The Democrats have scheduled the stock market crash to take place the day that House Republicans vote to not raise the debt ceiling. Right afterwards, the Biden Administration will declare a temporary “default” on the U.S. Debt, the stock market and bond market will immediately crash, and Republicans will be blamed.
Conservative commentator Lou Dobbs has been advising Republicans to vote to raise the debt ceiling. In an interview with Steve Bannon on his March 21 podcast, Bannon and Dobbs both agreed that an economic crash was coming, but they didn’t know when it would occur. Bannon predicted that it would occur before the debt ceiling vote.
(Excerpt) Read more at americanthinker.com ...
The democRATs knew that they were busting through the debt ceiling when they passed the “Deficit Reduction Act”. If Republicans in the house are planning not to increase the debt ceiling then they need to get out in front of this and explain how they will prioritize spending without defaulting on debt payments. Why do they let the democRATs run circles around them with this stuff?
It will crash. You can only stretch the economic rubber band so far before it either snaps back or breaks.
I think they need to break the economy before 2024, to pave the way for the subjugation of the United States.
Well, Republicans will cave on the debt ceiling like they always do.
It was a joint effort by dems and gophers to get to this point in debt, inflation, spending, etc. The gop only cares about spending and debt when they don’t have power. McCarthy has been saying bring spending down to 2022 size, how about 2000 to start.
"I’ll gladly pay you Tuesday for a hamburger today.” - J. Wellington Wimpy
All politicians Job #1 is to be reelected and government spending is the secret to gaining votes.
> Right afterwards, the Biden Administration will declare a temporary “default” on the U.S. Debt… <
That’s where they lost me. I do grant that the Biden administration is both stupid and reckless (a very bad combination). But predictions like that are right up there with, “Biden will cancel elections, and declare martial law.”
Possible, yes. But so improbable as to be kinda ridiculous.
Sounds like predicting Global Warming. It should have crashed years ago.
[The Stock Market Crash Will Occur Right After the Debt Ceiling Vote]
BidenDepression 2023
When is the Debt Ceiling vote? I probably skimmed the article too quickly
“...the day that House Republicans vote to not raise the debt ceiling. Right afterwards, the Biden Administration will declare a temporary “default” on the U.S. Debt, the stock market and bond market will immediately crash, and Republicans will be blamed.”
And if Republicans vote to RAISE the debt ceiling, a crash will come as well, and they will be blamed for it. See how this works? The GOP will be blamed by the Rat media regardless what they do.
But do know this, a collapse IS COMING!
Washington D.C. and the Golden Calf Deep State are going to feel the heat of a thousand nuclear explosions. Burn baby burn!
By law except in times of war all Trerasury debts get paid first.
That is why everybody invests in America.
Most all Treasury debt is held by Americans.
Y’all don’t want to Eff over your voters do you?
There will be NO default.
Modern stock market is like going to a casino.
Pretty silly to pay $200 for a stock that only pays
$7.00 per quarter.
You are gambling that that stock will
go to $250 next month.
Don’t give us what we want and we’ll ruin everything. Give us what we want and we’ll still ruin everything. Bite the bullet and don’t give them what they want. They’ve been asking for this for MANY years, so let’s get it on and see how they like it.
> Don’t give us what we want and we’ll ruin everything. <
That’s actually the message here. And evidently Lou Dobbs is in on it.
I don't get that logic. I assume you are talking about a $200 stock that pays a $7.00 dividend each quarter. That works out to an annual $28.00 dividend per year - an annualized 14% return on your initial $200.
Why would that investment be silly?
“Why do they let the democRATs run circles around them with this stuff?”
They aren’t called The Stupid Party for nothing.
> Why do they let the democRATs run circles around them with this stuff? <
I wonder how much back-room maneuvering goes on.
Democrats: Agree to this spending increase, and there’ll be money for your pet projects.
Republicans: Deal. We’ll fuss for a bit on Hannity, but you’ve got our vote.
Then there’s the toxic “kick the can down the road” mentality. Recall that even Trump allowed major deficit-spending bills to go through.
I still think they should yell about the fact they didn’t pass the debt ceiling in December. Why not. I hate when republicans don’t fight back. This whole thing could have been solved last year. Now republicans will be blamed no matter what.
There’s a reason why Economists make lousy Wall Street prognosticators, and vice-versa. Both think they are smarter about the other’s profession than they are.
I manage money and it’s laughable how many people call a crash for years and years. Just like the Gold Bugs who are still trying to sell it as an inflation hedge, when it isn’t anywhere near what the Dow returns
Last 30 years
Gold
349 to 1,998 (5.82% Compounded, but if it is physical you have costs of handling and this does not pay any income like a dividend)
Dow
3,398 to 33,987 (7.67% Compounded, if in an index there’s a small annual management fee, and the dividends are not included in this tally)
Predicting crashes is like predicting climate change, maybe one day you’ll be right, but most of the time you look like Greta)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.