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 ...
Really the budget is where the cuts are supposed to happen. The debt ceiling is just to pay bills already spent. It’s dumb to cut debt already spent. If they’d do a decent budget, this would be moot. Of course, neither party does a budget and just CR the crap out of it year after year.
I doubt it. When the debt was 15 trillion, the same old doom and gloom were written. I believe as long as the GDP keep going up, we’ll be ok.
Well-it worked for them in 2008
“It was a joint effort by dems and gophers to get to this point in debt, inflation, spending, etc.”
To increase the number of voters that have received a government giveaway. They’ll vote again for the big spenders.
I could be wrong and sure hope so.
My mistake!
I was using Boeing and their dividend total
is ANNUAL, not monthly for an example.
I think it was total $8.22 in 2022.
for a $206 stock return, is
4%
I get 5+% on Tbills.
It is a way to get some of the money I send to the IRS
back.
Got it. Thanks for clarifying.
“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.”
The democrats don’t control the market. This is some “deep state, QAnon” stuff.
And there is no such thing as a “temporary” default. It’s akin to being pregnant—you either pay the bills or your don’t. And if Biden thinks it’s OK to “miss a payment” the men in the grey suits will pay a visit.
Whoever wrote this article is merely trying to stir the pot. It has little basis in reality.
And if you hold that for a while, your investment cost “nothing.”
Can you imagine a company paying an annual 14% dividend? They would be swimming in cash.
Yes, the only reason the debt ceiling is an issue is because the Republicans tried to use it as blackmail to force the Senate to approve better budgets. But since they always cave, it’s useless for blackmail.
You got that right!
Too many of the Fat Cat Country Club GOP-E members don't want to see their portfolios evaporate in a market crash.
Default now or later.
It does not matter, because default is as certain as the day is long.
If one tracks Precious Metals like I do, it’s obvious we’re falling off a cliff. A BIG cliff...
Highest they’ve been in my lifetime. Been in the PM game close to 20 years.
Of course, my IRA sucks rocks right now...
It isn’t going to take the House Republicans vote to not raise the debt ceiling.
Biden and party last two years of chaos mishandling bad judgement poor management is taking it’s toll the price tag has arrived for their actions aka crash.
Things are going to be bad for a long time.
Hillary Clinton with a grin
Marxists making big move
I noticed that myself.
And also wondered where I could find that magic stock. Today’s companies, especially the trendy techy ones, don’t even pay dividends and only benefit their shareholders when they quit being shareholders. If they time their sale appropriately.
It seems high div companies have been pulling back, as well, or only become high div percentagewise after the price of the stock falls, and they are in danger of quitting the yields or going to zero.
I guess I should stand ready to buy.
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