Wall Street has been betting against America for more than 30 years

X ^ | 4/5/25 | Sundance

[hardspunned]

On the day Ronald Reagan/GHWB left office (1/20/93), the Dow Jones Industrial Average closed at 3,412. Eight years later, when Bill Clinton left office, it closed at 10,587. As outsourcing our manufacturing base got underway in earnest, in short, the market tripled in value.

And the Dow’s peak has ascended to the lofty heights of 45,014 as we have continued the remorseless march to a purely service economy. And now, we are outsourcing the service industry to call centers in the third world, with AI looming over the horizon.

How could the Dow climb like this as our national debt skyrocketed and our middle class started to fall farther and farther behind?

The answer is clear: Wall Street has been betting against America for more than 30 years. But let’s not leave the national debt out of this equation. We now know where a lot of that money came from (thin air) and where it ended up (in the pockets of a tiny elite and their army of corrupt public servants).

[hardspunned]

In America the top ten wealthiest own 88% of equities, the next 40% own 12%, the bottom 50% own the debt. In 2024 Americans took a record number of vacations to Europe. 2024 saw the record for trips to food pantries by Americans.

That picture at the end of the post says it all.

[AndyJackson]

You mean globalist capital markets did not work for the good of Americans? Obviously you are against the benefits of free markets and free trade brought to us by globalhomoists.

[Tell It Right]

In America the top ten wealthiest own 88% of equities

One of the few times I respectfully disagree with sundance at CTH. About 1/3rd of stocks are owned by retirement plans like 401Ks and IRA's, while pension plans own about 20% of the stock market.

References: https://taxpolicycenter.org/taxvox/only-about-one-quarter-corporate-stock-owned-taxable-shareholders

https://retiregenz.com/what-percentage-of-the-stock-market-is-owned-by-pension-funds/

[hardspunned]

You’ll love this. Trump has Klaus Schwab’s scalp on his belt.

https://freerepublic.com/focus/f-news/4308943/posts

[hardspunned]

Those are Scott Bessent’s numbers. Very informative interview.

https://freerepublic.com/focus/f-news/4308906/posts

[Dan in Wichita]

Every other month I have a guy who comes to my home to spray around the inside perimeter of the house to keep out bugs. One time, I asked him how he liked his job. He replied, “It’s okay, but at least I don’t have to worry about my job being outsourced to China.”

[RoosterRedux]

I agree with you.

Furthermore, Sundance clearly doesn’t get capital markets if he thinks Wall Street bankers are pulling all the strings. The market’s a beast—it stomps where it wants. Bankers and traders are just overpaid weathermen, yelling forecasts and pretending to be experts while the storm ignores them.

[Dalberg-Acton]

A reading of books by Anthony Sutton and the biography of William Boyce Thompson should disabuse one of the fairy tale image of the people who dominated Wall Street over the last century.
Even the Wall Street Journal is a leftist rag.

[unclebankster]

with AI looming over the horizon.

************************

AI will be putting a lot of pressure on businesses and people that produced and benefited during the rise of the information-knowledge economy.

[Vaduz]

Wall Street will be okay even people like Soros need and depend on it.

Communist can’t operate without money hell look at all the politicians they own aka overhead.

[central_va]

The money quote: “And the Dow’s peak has ascended to the lofty heights of 45,014 as we have continued the remorseless march to a purely service economy. “

[GranTorino]

The market has become Vegas 2.0.
If you are going to gamble your savings you better have a strong game plan.
Selling at the bottom is what idiots do.

[AndyJackson]

Klaus Schwab, stepping down as chair of its board of trustees,[of] the Geneva-based institution sa[ying] the forum... must recover its "sense of mission"

four questions
1. who else is on the board of trustees, whose scalps need to be displayed in an appropriate public forum to encourage the others?
2. why does Switzerland, jealous of its neutral international status, tolerate this imperial, fascist, slave-craving entity within its borders?
3. what is this mission that the departing head Nazi speak of?
4. and, why would the American elite prefer to tie their fortunes to this losing entity and losing mission, rather than to the fortunes, favor and welfare of the American Republic?

[Vision]

On the day Ronald Reagan/GHWB left office (1/20/93), the Dow Jones Industrial Average closed at 3,412. Eight years later, when Bill Clinton left office, it closed at 10,587.

How could the Dow climb like this as our national debt skyrocketed and our middle class started to fall farther and farther behind?

Clinton started printing money for his pet project(s) and eroding the value of the dollar. The market inflates because of it. And this process normalized. If Ross Perot had won that election (and the country adhered to his principles) America would likely still have much of our wealth.

[SaxxonWoods]

Sounds like the same old story to me. Blame everyone else for your mistakes.

[hardspunned]

My mistake? Yep, when I was calling the shots for Slick Clinton, Bushy Jr. and Barry I mistakenly counseled them to do this. Mea Culpa. Where the heck is my billion dollar share of the ill gotten gains. I bet Slick won’t even take my call anymore.

[hardspunned]

Globalism is over. It’s a dead man walking. Doesn’t matter now as long as Trump follows the course.

[hardspunned]

Just the opposite! F’n stink bugs and Chinese beetles!

[Dan in Wichita]

Just the opposite! F’n stink bugs and Chinese beetles!

That is true! They hitch a ride by the millions on cargo ships bound for the US.

[SaxxonWoods]

Politicians are like the weather, a workaround (coat or shorts). Eventually I learned to be aggressive when everyone else isn’t, and to be more conservative as everyone gets more aggressive. I was 50% in T-Bills a year ago and 75% in them yesterday. Yesterday I was buying (nibbling) while everyone was selling.

Funny thing about stocks. When everyone freaking out has sold, they have no stocks left to sell and stocks start going up again.