Trump at 600 days plus
- Thread starter Walter
- Start date
https://sputniknews.com/analysis/201811301070260754-trump-general-motors-plants-subsidies/
US President Donald Trump's recent remarks about cutting General Motors subsidies over the company's plan to close US factories leave him in a tough spot, considering his campaign promises made to blue collar laborers, Neal Sweeney, vice president of United Auto Workers Local 5810 in California, told Sputnik.
Trump's comments came after the auto company announced that it would be eliminating several assembly plants across the US, cutting 15 percent of its labor force. GM's chess play is in response to "changing market conditions and customer preferences," Mary Barra, the chairman and chief executive officer of the firm, said this week.
Barra's explanation, however, isn't sitting well with Trump, who took to social media earlier this week to share his opinion.
http://patriotrising.com/dont-get-distracted-by-the-trump-fed-soap-opera-the-crash-will-continue/
At the beginning of 2018 I wrote extensively on what was likely to happen under the administration of Jerome Powell, the new Federal Reserve Chairman. In my article ‘New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018‘, published in February, I predicted that the Fed would continue interest rate increases and balance sheet cuts throughout the year and they would knowingly initiate a crash in equities.
To be clear, this was not a very popular sentiment at the time, just as it wasn’t popular when I predicted in 2015 that the Fed would launch interest rate hikes instead of going to negative rates in order to start a catalyst for economic crisis. The problem some people have with this concept is that they just can’t fathom that the central bank would deliberately crash the system. They desperately cling to the notion that the Fed and other central banks want to keep the machine rolling forward at any cost. This is simply not true.
The claim is that the banking elites are “required” to keep the system propped up in a state of reanimation because they are reliant on the system to provide capital and thus “influence.” The people that assert this argument don’t seem to understand how central banks operate.
As most liberty activists should know by now, central banks are essentially a legally protected counterfeiting scheme. Using fractional reserve banking at a ratio that is secret, central banks create their own capital from thin air, and they can infuse capital into international banks at will when it suits their purposes. There is no “profit motive” for the banking syndicate. They can print the cash or digitally conjure it anytime they wish, and they can use it to purchase tangible assets before their printing diminishes the buying power of the currency, passing price inflation on to regular citizens.
Thus, keeping the system in perpetual positive motion is not necessary in terms of the transfer of wealth from the population to the banking class. In fact, economic crisis events are very useful to the elites because these events allow the banks to buy up concrete assets like natural resources, businesses and properties for pennies on the dollar.
For example, this is exactly what they did during the Great Depression when major banks like JP Morgan bought out thousands of failing local banks across the U.S. and took control of mortgages and other assets being paid off by a vast portion of the American citizenry. The banking system never looked the same again, and international banks continue to dominate ever since as localized competition remains elusive.
This also occurred after the crash of 2008 when companies like Blackstone bought up billions in distressed mortgages for well below previous market value, taking control of the property market and turning bankruptcies into rentals.
The 2008 crash was an asset buying bonanza for banks and corporation bailed out by the Federal Reserve. Low interest rates provided endless cheap credit through which companies could buy anything and everything. Of course, they mostly bought their own equities through stock buybacks, artificially inflating the stock market to the point of absurdity while taking on historic levels of debt — but we’ll get to that in just a moment.
The point is, there is every reason for central banks and their international corporate banking partners in crime to want a controlled demolition of the economic system. As long as they always control the dominant currency mechanism and the means of wealth distribution, they can use fiscal disasters to buy up hard assets for almost nothing.
The profit motive argument against deliberately triggered market declines has no legs when we consider this reality. But there is another reason far beyond the issue of asset accumulation; namely the psychological effects these events have on the masses.
US President Donald Trump's recent remarks about cutting General Motors subsidies over the company's plan to close US factories leave him in a tough spot, considering his campaign promises made to blue collar laborers, Neal Sweeney, vice president of United Auto Workers Local 5810 in California, told Sputnik.
Trump's comments came after the auto company announced that it would be eliminating several assembly plants across the US, cutting 15 percent of its labor force. GM's chess play is in response to "changing market conditions and customer preferences," Mary Barra, the chairman and chief executive officer of the firm, said this week.
Barra's explanation, however, isn't sitting well with Trump, who took to social media earlier this week to share his opinion.
http://patriotrising.com/dont-get-distracted-by-the-trump-fed-soap-opera-the-crash-will-continue/
At the beginning of 2018 I wrote extensively on what was likely to happen under the administration of Jerome Powell, the new Federal Reserve Chairman. In my article ‘New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018‘, published in February, I predicted that the Fed would continue interest rate increases and balance sheet cuts throughout the year and they would knowingly initiate a crash in equities.
To be clear, this was not a very popular sentiment at the time, just as it wasn’t popular when I predicted in 2015 that the Fed would launch interest rate hikes instead of going to negative rates in order to start a catalyst for economic crisis. The problem some people have with this concept is that they just can’t fathom that the central bank would deliberately crash the system. They desperately cling to the notion that the Fed and other central banks want to keep the machine rolling forward at any cost. This is simply not true.
The claim is that the banking elites are “required” to keep the system propped up in a state of reanimation because they are reliant on the system to provide capital and thus “influence.” The people that assert this argument don’t seem to understand how central banks operate.
As most liberty activists should know by now, central banks are essentially a legally protected counterfeiting scheme. Using fractional reserve banking at a ratio that is secret, central banks create their own capital from thin air, and they can infuse capital into international banks at will when it suits their purposes. There is no “profit motive” for the banking syndicate. They can print the cash or digitally conjure it anytime they wish, and they can use it to purchase tangible assets before their printing diminishes the buying power of the currency, passing price inflation on to regular citizens.
Thus, keeping the system in perpetual positive motion is not necessary in terms of the transfer of wealth from the population to the banking class. In fact, economic crisis events are very useful to the elites because these events allow the banks to buy up concrete assets like natural resources, businesses and properties for pennies on the dollar.
For example, this is exactly what they did during the Great Depression when major banks like JP Morgan bought out thousands of failing local banks across the U.S. and took control of mortgages and other assets being paid off by a vast portion of the American citizenry. The banking system never looked the same again, and international banks continue to dominate ever since as localized competition remains elusive.
This also occurred after the crash of 2008 when companies like Blackstone bought up billions in distressed mortgages for well below previous market value, taking control of the property market and turning bankruptcies into rentals.
The 2008 crash was an asset buying bonanza for banks and corporation bailed out by the Federal Reserve. Low interest rates provided endless cheap credit through which companies could buy anything and everything. Of course, they mostly bought their own equities through stock buybacks, artificially inflating the stock market to the point of absurdity while taking on historic levels of debt — but we’ll get to that in just a moment.
The point is, there is every reason for central banks and their international corporate banking partners in crime to want a controlled demolition of the economic system. As long as they always control the dominant currency mechanism and the means of wealth distribution, they can use fiscal disasters to buy up hard assets for almost nothing.
The profit motive argument against deliberately triggered market declines has no legs when we consider this reality. But there is another reason far beyond the issue of asset accumulation; namely the psychological effects these events have on the masses.
The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years
https://www.bloomberg.com/news/arti...t-oil-exporter-for-the-first-time-in-75-years
MAGA
https://www.bloomberg.com/news/arti...t-oil-exporter-for-the-first-time-in-75-years
MAGA
Yea I was figuring from Election Day not inauguration. Oh well even a wide awake squirrel misses some acorns .