Andrew Jackson again.....
Posted on 02/28/2019 2:10:02 PM PST by Enlightened1
The US economy and markets hit several historic records in 2018. President Trump was correct in his policy and the economy was never stronger.
Then in October Federal Reserve Chairman Jerome Powell stepped in and destroyed the outstanding gains.
The market tanked, the Dow Jones dropped over 5,000 points, the Middle Class was decimated and the global markets are now in chaos. The Jerome Powell stock market crash is now GREATER THAN the market crash after 9-11. The guy is a dangerous lunatic.
The Dow is down 5,036 in December from its all-time high on October 3, 2018.
Since Jerome Powell’s comments on October 3rd and continuing promises of rate hikes the Dow Jones sank 18.7%.
The Dow is down over 5,000 points or 18%!
The stock market crashed 14% after the 9-11 Islamic attacks on America.
The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.
Over $5 Trillion in Wealth was erased!
As a result of Fed Chief Powell’s actions, Americans have watched their 401k’s dissolve into thin air.
The Powell Stock Market Crash was greater than the 9-11 Attack Stock Market Crash!
On THursday the US government released its 4th quarter GDP numbers. The GDP beat expectations at 2.6%.
The Commerce Department’s Bureau of Economic Analysis measured 2018 growth at 2.9 percent
Jerome Powell added billions of new debt to the economy. He stalled the Trump market surge. He decimated 401k’s. He eliminated trillions of dollars in wealth. And he also managed to bring the economy to a halt.
(Excerpt) Read more at thegatewaypundit.com ...
If the Fed raises the interest rates too high, then the U.S. will default because we will not be able to make the minimum payments.
Keep in mind the Fed kept the rates artificially low under all 8 years of Obama, and never one time raised it on Obama. We average a recession every 6 years. The longest on record is 10 years and we are at the 10 year mark. At the they have raised it multiple times under President Trump claiming the economy is growing to fast and causing inflation. However, I have yet to see any real inflation at the pump or grocery store.
What has been killing us over the last decade is the TARP, QE I, QE II, QE III and QE unlimited. All this printing of money based off nothing is killing us.
The current path we are on is not sustainable unless something changes dramatically. President Trump has been able to delay a recession by cutting taxes and regulations. Although we need more cuts that the House or Representatives will most likely block.
Aside from our Nation Debt. States like California and Illinois are in trouble. We have Student Loan Bubble, a real estate bubble, new car loan bubble (over 7 million people are more than 90 days late) corporations debt bubble and even other nations.
http://www.usdebtclock.org/
Gold and Silver markets have been manipulated for years and you cannot even hold gold. You get a promise note and hope you did not purchase fools gold.
The only way out of this mess is through decentralization of our banking system, transparency and tokenization of our economy in everything. Restate, stocks, bonds, gold, silver, you name it... tokenize it. Custody solutions, reasonable regulations of the Digital Assets and crypto markets is probably our only way out of this mess.
The current trajectory we are on is not sustainable.
It sounds like you don’t believe we can Borrow our way to Prosperity /s
Funny thing about credit money, only the principle is created, the Interest can only come from a Constant Devaluation and the Blood and Sweat of Labor, sure sounds like slavery don’t it?
Kill the Fed. Only way out.
This article is ridiculous.
By some measures, interest rates are at 500 year lows. 23% of global government bonds are priced BELOW 0% - meaning investors are paying governments to hold their bonds. Interest rates in the USA are slightly higher, but 10 years of extremely low rates, and $4 Trillion in QE have goosed prices of assets like stocks and real estate to extremely high levels. Corporate debt is at stratospheric levels.
Powell and the Fed tried to raise interest rates - but the market crashed with even a slight hike.
It proves the US economy (and government) is addicted to debt. The Fed is trapped. They can never raise rates again.
Haha!
Exactly!
WHO recommended Powell to Trump?? That person should be investigated.......NOW!
Exactly!
The only way out is mass cutting of taxes and spending.
With the Democrats in control of the House of Representatives we can be assured this will not happen.
I became suspicious after he mentioned 9/11 for the third time.
Total hog wash....
You only lose money if you sell.
It’s back to 3.4% below the October peak. That’s up 18.9% since Christmas. I wish I had put all my Christmas cash in the market.
Zero interest rates mean there is no cushion to stimulate the economy by dropping rates in the next recession. A roaring economy is the logical time to build some more interest back in finance, reward the bond holders and savers for a change.
Bottom line ... zero interest rates can not and should not last.
> This article is ridiculous. <
It sure is. Ridiculous, and full of hyperbole. It almost reads like satire. You’d think that Powell was going around robbing children and setting fire to banks.
The Fed lowers rates. The Fed raises rates. Sure, politics plays a part. But it’s nothing new, or sinister.
How about Cochran?
You can buy physical gold and silver.... and put it in your safety deposit box, or the mason jar in the back yard if you choose.
A lot of hyberpole and short-termitis.
“Value” is seldom “destroyed” in most stock market girations as the stocks held at the next rise in the market are for the most part stocks that were held before the time when the writer said their value was “destroyed”. And now we, here in February, are seeing that market over reacted to Powell’s comments and has been moving upward again for a number of sessions. The S&P while not yet up above the last peak, is now up over its value a year ago. Most of the shares in the S&P 500 companies today were held by their same holders a year ago. Nothing was “destroyed”.
Unless you are selling or about to sell a securiry, todays market value is not something yet realized, in any real tangible terms. When you sell, THAT is the value you have realized. Not before. In between initial purchase and that sale, the market value may go down and up many times. It is hyperbole and shor-termitis to suggest that every dip in the market is a “destruction” in valus.
>
What has been killing us over the last decade is the TARP, QE I, QE II, QE III and QE unlimited. All this printing of money based off nothing is killing us.
>
No, what’s killing us is the anti-Constitution FED & non-authorized borrowing/spending (vs. A1S8).
W/o the fiat FED, there’d be NO way for Uncle Sugar to have begun on the Socialist path we find ourselves in today (welfare, SS/MediXYZ, foreign aid...).
Somehow, it’s become OK to again institute slavery; economic, but slavery none the less ($60k+ out of the womb).
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