It is because this economic down turn was artificial. Normally when markets crash it is due to issues outside of our control, this time we did it all to ourselves so it is no surprise it recovers very fast.
Wow! I disagree with one point of the article- that it is the death of Capitalism. It looks more like this is removing government devastation of the free market, meaning it is pushing us back into Capitalism.
That's a quote from someone else, not the writer of the article
according to Forbes. “What we’re witnessing here is nothing less than the death of capitalism and birth of something new,” said Mati Greenspan, the founder of analysis and advisory firm Quantum Economics. “It’s quite fascinating, really.”
The writer questions that and concludes with this
"If the Federal Reserve owns more than 15% of America’s debt, it can play it safe and exit at any time, but if they owned, let’s say 50%, their decision to keep this bad investment comes into play. Owning half of the largest economy’s debt may force the Federal Reserve to either declare bankruptcy or ask to be bought out. Or, they may be forced to stop playing games with our politics and pull out their paid opposition. Either way, it’s good for Americans. And the real reason we are seeing crisis after crisis is that fact that Trump has been taking the power away from the elite for the past 3 years. The moment they shut down our economy, Trump backfired with this unprecedented move. Now you know why he was investigated, impeached, pandemic’d, rioted and possibly civil war’d. All for power."
When Trump said he's made a lot of rich people angry, he wasn't kidding. He absolutely has to win otherwise these 2 clowns will undo all the progress we've made.
Good luck finding one that doesn't eventually trail back to a Bloomburg article trying to slander the Trump Administration's support of the first virus stimulus bill. There are a ton of people around there which where really happy to take quotes from that article out of context to support their rabid belief that Trump is on the edge of ending the Fed
Yeah exactly. It really frustrates me when economic analysts are all doom and gloom acting as it this was a result of policy or natural market movements. This ain’t the GFC, the world economy will fix itself double-plus quick.
The virus didn't have anything to do with it. It was all the unlawful acts by state Governors. If it was caused by the cold, every time in the past that we had a bad respiratory infection sweep the states the markets would be in the toilet
That's because they are perceived to be right either way by preaching doom and gloom. If things get worse, then they go "see i told you so"; if things get better, than they can claim the credit for saving you from that doom and gloom.
If the foreign capital is US dollars that aren't normally in circulation in the US because they're being used for trade elsewhere that's not really a good thing for the dollar here.
That just means we printed more dollars and now we have more normally foreign US dollars here at the same time.
Inflation will come. You can not print this much money while large chunk of the economy is not functioning and expect anything else. Degree is the question. If the free cash stops some time soon bump in inflation should be manageable over a period of few years. If this keeps going and going the payback/hangover will be nasty.
This applies not just to US but Europe, Japan etc. Nobody knows what exactly going on inside PRC as their numbers can not be trusted.
It will happen, sure, but it has been happening for decades. (notice how a million used to be a lot, and now we speak of trillionaires?)
Don’t worry about the amount exactly. It sounds like a lot, but remember, the dollar is devalued all the time. In fact you have to continuously create more debt in order to be able to service old debts. People worried about the national debt don’t understand the financial system well. (I don’t either, I only know better than that)
The debt is growing all the time, but the value of the dollar doesn’t remain constant, so 1 trillion today is not the same as it would be in the year 1990.
Aside from that, the reality is that the dollar is a global currency and is relied upon by far more countries than just the US for trade.
Without inflation, not only would the US be very uncompetitive in trade with the rest of the world (who are also inflating), but other countries would collapse as they would be unable to service their debt. (a rising dollar, when your debts are denominated in dollars, means your obligations just grow and grow)
Think of it this way, until the system fails and you replace it with gold or Bitcoin, or something of a deflationary nature, preventing inflation from happening will kill your economy and implode the third world. (remember, the US dollar as the reserve currency is exceptional)
The deep state is pushing crypto. They want everyone to get used to it so they can roll put the univesal cyrptocurrency and replace the other fiat currencies.
Edit - It more so the new world order than just the american deepstate
While I agree they share mostly the same group, I would say the NWO has many peoplr who are way higher up in the ladder than ANY American politican or "ex politican".
You are thinking in the wrong direction. Investment in Space so that we can mine the Septillions of tons of material on the moon(6% Titanium and 8% Aluminum if I remember correctly) could solve the issue as well. That is not counting on the asteroids which have rarer metals and can be more centralized in mining.
$8 Trillion-$12 Trillion is all it will cost over a 50 year period at the longest. If we build Multiple Mass Drivers specifically only for cargo then we can speed that process up to 10-15 years. 20 tons/daily for one, and if we have 5-10 that is 100-200 tons a day. This is the lowest yield amount since it can be estimated that 20 129 Kg per minute can be done depending on power input and designing. 1 ton is about 907 Kg roughly.
Each Cargo Mass Driver and its related power sources could be $120 Billion a piece. Man power for all could be around $1.5 Trillion. The extra Trillions of dollars are buffers. The next step is building a Hybrid with a space version of a 747 which should cost around $400 Billion, and it should be able to carry 100 people or at least 60.
Building a space Dock in space is the next step which as using the method above can be done in 1 year. 50 times the ISS size with struts spanding so that space ships can be built(thicker ones to build the next space station being 200 times the ISS in the L5 point area using another Space structure like the space dock), and cargo holds(100 feet length by 5 feet diameter)[built in space using the materials shoot up to them] only to hold materials and have 2-4 space ships tug it out there and building a small Mass Driver in the higher orbit of the Van Allen belts to basically shoot the material over to the L5 space station Catcher Net(4000 feet in diameter using mainly wires with hole width being 3 inches in diameter).
The $8 T - $12 T is actually almost double if not Triple the amount needed for a 20-40 year operation. If wanting 40-120 year operation that is the amount that would be needed. the length should be around 2-5 miles at a 60 degree incline with about 2-3 miles being underground and the last parts being up the side of a mountain. There should be around 1200 G of acceleration by the end of it. I would say this can go much longer around 30 miles at a 38 degree slope incline with the same acceleration just going a bit higher in the Atmosphere with the anchor point being the mountain and 2 miles underground so 3 Miles while the rest has to be an active structure. 12 Gw with 4 Gw total capacitor worth is more than enough to satisfy the energy requirements. 100 sm-TMSRs(small modular- Thorium Molten 'Salts' Reactor) of 400 MW should be more than enough to provide several functions with constant power supply, power generation to sell, redundancy on top of the Safety features of the MSRs, and the excessive amount would allow them to have low-medium Stress loads so the overall Lifetime of the structure would be even longer.
That is just my view anyways. The total end part of the money generated by the 20 year mark should be $2 Trillion-$4 Trillion every year and growing after a Mass Driver is built on the moon. That would be around the 15-21 year mark after start of the project. Even then Power Generation can start as early as the 8 year mark of the first Space Habitat. If properly made in size and material could generate 5 Gw per solar Satellite.
Bitcoin hash power is all centralized to two mining pools in China. All it takes is some collusion to butt fuck the "crypto dream" retards. Sure, they can make a fork, but all the cheap hash power is only made possible in state sponsored Chyna.
I'm extremely deep in cryptocurrency. Mainly Dash, ...and then a basket of others. Mainly Eth and BTC in the basket. I have a reasonable stash of silver and less of gold.
I've been invested with cryptocurrencies since 2013. So spare me the spruilk. People should do their own broad research. I am invested in various DeFi projects already.
I know gold is the long term investment to make, but I just don't understand why.
If things get bad enough that I need to utilize the gold, who is going to give me anything for it or who can afford to give me anything for it?
Maybe I'm being unwise and overly skeptical for not having any, but I just don't understand why gold would help me out when everyone else is not doing well either.
Interesting times ahead. US debt is soaring. Lots of monies to the usual "too big to fail" mob. To my understanding, the Fed is largely not in Trump's control, and if the USD spirals due to inflation, that will also be out of Trump's control.
"From 2017 to 2020 the economy was all my doing. Then for about 3-4 months in 2020 it was all Trump's fault, but then it went back to being all me again once things got better."
I’ve spoken to several businesses up in Maine and one, a lobster/seafood Market said business is up 300% over last year. Another, an antique store where I am a vendor said July was their best month on record.
I bought tons of oil at the dip. Don't get me wrong, Ive made some money, but watching everything else leave oil in the dust has been a little dejecting. Had to revise my dreams of buying an international airport and settle for a Lego airport.
Any ideas? The economy came back way too quickly and historically speaking, Americans vote with how thick their wallet is. A good economy means the incumbent wins and this terrifies the left, China, reddit, and soy boys
Here's what's great about this metric. 1) Retail sales IS a leading indicator of recovery, so his optimism is well placed, and 2) Focus is placed on multi-national retailers, and their agenda and wealth.
This is true, on wallstreetbets people are confused how the bubble could be this large for this long. We're long overdue for like a 700 point dow drop adjustment. Probably next week.
my industry is decimated. we are furloughing 10's of thousands. Estimates are about 1 mil on the street from my industry come 1 Oct (when the payroll cheese runs out).
These are good, skilled high paying jobs. Torched for no good reason other than karen needs to be validated.
I had to drive from OKC down to McKinney Tx and the interstate was busy plus so many truckers moving goods. Then from Denton to McKinney the road was wall to wall cars it averaged 25 mph for 20 miles so many people are out buying and doing. So much building going on there. Also speeds were 75 posted on I-35 but average is around 82. Traffic moves!
Did not see one SlowJoe sign but tons of Trump signs! Red ares for sure!
How exactly would that happen? How the 1929 great depression happened isn't going to happen, we know how to stop it, and there are many retail investors who would buy stocks if they drop massively.
People who lost their jobs are getting unemployment checks and federal reserve will make sure banks have money to loan.
Isn't going to be a depression, though should expect massive inflation.
It is because this economic down turn was artificial. Normally when markets crash it is due to issues outside of our control, this time we did it all to ourselves so it is no surprise it recovers very fast.
That’s a funny way of saying abolish.
The Fed was reorganized and quietly rolled into the Department of Treasury a while ago. We have gone back on the the gold standard.
Holy shit you're right
https://takeoregonback.com/2020/06/09/the-real-reason-trump-merged-the-us-treasury-with-the-federal-reserve/
Wait what
Holy shit
Wow! I disagree with one point of the article- that it is the death of Capitalism. It looks more like this is removing government devastation of the free market, meaning it is pushing us back into Capitalism.
That's a quote from someone else, not the writer of the article
The writer questions that and concludes with this
Thanks much for the clarification! I may be a few drinks in and may not have as much attention to fine detail as usual... 🍺🍷🍻🥂
When Trump said he's made a lot of rich people angry, he wasn't kidding. He absolutely has to win otherwise these 2 clowns will undo all the progress we've made.
1 clown. The other clown will be somewhere in the basement gnawing at the insulation.
In between naps and losing his keys
Gotta love it when Trump launches a silent Coup of the Federal Reserve. It’s actually hilarious. Thomas Jefferson and Andrew Jackson would be proud.
I’m gonna need a source on that one.
https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html
Look how pissed this Bloomberg fuck is about it then read this
https://takeoregonback.com/2020/06/09/the-real-reason-trump-merged-the-us-treasury-with-the-federal-reserve/
Good luck finding one that doesn't eventually trail back to a Bloomburg article trying to slander the Trump Administration's support of the first virus stimulus bill. There are a ton of people around there which where really happy to take quotes from that article out of context to support their rabid belief that Trump is on the edge of ending the Fed
We are not back on the gold standard bro.
Petro dollar is still king. As long as oil is traded internationally in US dollars this ponzi scheme is allowed to grow.
Trump is such a bad ass!! I love it.
Are you sure we are in the gold standard or is that a goal moving forward?
Credit And debt killed the gold standard
A
U
D
I
T
T
H
E
F
E
D
And the Fed was created after "they" purposely sank the titanic.
Yes. All of the opposition drowned basically. How convenient.
"Under control" means END THE FED.
Or ya know, just get rid of it. Countries that get rid of the banker elite tend to do really well in the world.
civil war
dead Gaddafi
Literally North Korea
Yep, very good.
Whats the first one?
Syria
Ah yes, thanks.
Yeah exactly. It really frustrates me when economic analysts are all doom and gloom acting as it this was a result of policy or natural market movements. This ain’t the GFC, the world economy will fix itself double-plus quick.
Anyone putting the collapse on Trump is being blatantly dishonest. They know the coronavirus did this. They must know.
The far left were having a field day with it saying capitalism can't stock the shelves any better than venezuela too.
By coronavirus I think you mean Chynuh.
Fake News is also to blame. The exacerbated this by causing maximum panic.
I got some of Sargon's "Made In Chy-Na" shirts and they're my work shirt now.
To remind all my co-workers whose fault it really is we have to work in these damned masks.
Three co-workers have said my shirt is awesome!
The coronavirus didn't do shit. Government and media panic and regulation did this, mainly on a state level.
The virus didn't have anything to do with it. It was all the unlawful acts by state Governors. If it was caused by the cold, every time in the past that we had a bad respiratory infection sweep the states the markets would be in the toilet
That's because they are perceived to be right either way by preaching doom and gloom. If things get worse, then they go "see i told you so"; if things get better, than they can claim the credit for saving you from that doom and gloom.
The Libtards aren't done yet, they have a few more months to destroy the economy if the American People allow it to happen.
reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
C'mon man! I could do that too if I-- my times up. Anyways.
If he tries this, Trump should say, "I yield 15 seconds to the former senator from Delaware"
Ya know, if we ever get any debates.
You'll never hear Biden say he's reclaiming his time.
Why does joesho say "anyways" instead of "anyway". I thought it was only a socal thing.
“If stupid people aren’t elected, we will have the best economic growth year ever”
Kek
Yet they keep saying that the best course of action is to vote for Biden because it’ll increase borrowing. 🙄
Funny, isn't imported goods less than 10% of the economy?
If the foreign capital is US dollars that aren't normally in circulation in the US because they're being used for trade elsewhere that's not really a good thing for the dollar here.
That just means we printed more dollars and now we have more normally foreign US dollars here at the same time.
Inflation will come. You can not print this much money while large chunk of the economy is not functioning and expect anything else. Degree is the question. If the free cash stops some time soon bump in inflation should be manageable over a period of few years. If this keeps going and going the payback/hangover will be nasty.
This applies not just to US but Europe, Japan etc. Nobody knows what exactly going on inside PRC as their numbers can not be trusted.
It will happen, sure, but it has been happening for decades. (notice how a million used to be a lot, and now we speak of trillionaires?)
Don’t worry about the amount exactly. It sounds like a lot, but remember, the dollar is devalued all the time. In fact you have to continuously create more debt in order to be able to service old debts. People worried about the national debt don’t understand the financial system well. (I don’t either, I only know better than that)
The debt is growing all the time, but the value of the dollar doesn’t remain constant, so 1 trillion today is not the same as it would be in the year 1990.
Aside from that, the reality is that the dollar is a global currency and is relied upon by far more countries than just the US for trade.
Without inflation, not only would the US be very uncompetitive in trade with the rest of the world (who are also inflating), but other countries would collapse as they would be unable to service their debt. (a rising dollar, when your debts are denominated in dollars, means your obligations just grow and grow)
Think of it this way, until the system fails and you replace it with gold or Bitcoin, or something of a deflationary nature, preventing inflation from happening will kill your economy and implode the third world. (remember, the US dollar as the reserve currency is exceptional)
V-Shaped Recovery!
Lol... I don't care if it is a lie.... it's a good lie.
How does everyone feel about 2021 economically?
Economy is fine. Politics are poison.
The globalists are going to increase their attacks for sure
I feel a shift towards crypto. I've been diversifying in a few, but xrp looks to be a major coin with real utility. Just my opinion.
The deep state is pushing crypto. They want everyone to get used to it so they can roll put the univesal cyrptocurrency and replace the other fiat currencies.
Edit - It more so the new world order than just the american deepstate
'American' deep state and the NWO are the same thing.
While I agree they share mostly the same group, I would say the NWO has many peoplr who are way higher up in the ladder than ANY American politican or "ex politican".
Trump seems to be on board. Not all crypto is the same.
You are thinking in the wrong direction. Investment in Space so that we can mine the Septillions of tons of material on the moon(6% Titanium and 8% Aluminum if I remember correctly) could solve the issue as well. That is not counting on the asteroids which have rarer metals and can be more centralized in mining.
$8 Trillion-$12 Trillion is all it will cost over a 50 year period at the longest. If we build Multiple Mass Drivers specifically only for cargo then we can speed that process up to 10-15 years. 20 tons/daily for one, and if we have 5-10 that is 100-200 tons a day. This is the lowest yield amount since it can be estimated that 20 129 Kg per minute can be done depending on power input and designing. 1 ton is about 907 Kg roughly.
Each Cargo Mass Driver and its related power sources could be $120 Billion a piece. Man power for all could be around $1.5 Trillion. The extra Trillions of dollars are buffers. The next step is building a Hybrid with a space version of a 747 which should cost around $400 Billion, and it should be able to carry 100 people or at least 60.
Building a space Dock in space is the next step which as using the method above can be done in 1 year. 50 times the ISS size with struts spanding so that space ships can be built(thicker ones to build the next space station being 200 times the ISS in the L5 point area using another Space structure like the space dock), and cargo holds(100 feet length by 5 feet diameter)[built in space using the materials shoot up to them] only to hold materials and have 2-4 space ships tug it out there and building a small Mass Driver in the higher orbit of the Van Allen belts to basically shoot the material over to the L5 space station Catcher Net(4000 feet in diameter using mainly wires with hole width being 3 inches in diameter).
The $8 T - $12 T is actually almost double if not Triple the amount needed for a 20-40 year operation. If wanting 40-120 year operation that is the amount that would be needed. the length should be around 2-5 miles at a 60 degree incline with about 2-3 miles being underground and the last parts being up the side of a mountain. There should be around 1200 G of acceleration by the end of it. I would say this can go much longer around 30 miles at a 38 degree slope incline with the same acceleration just going a bit higher in the Atmosphere with the anchor point being the mountain and 2 miles underground so 3 Miles while the rest has to be an active structure. 12 Gw with 4 Gw total capacitor worth is more than enough to satisfy the energy requirements. 100 sm-TMSRs(small modular- Thorium Molten 'Salts' Reactor) of 400 MW should be more than enough to provide several functions with constant power supply, power generation to sell, redundancy on top of the Safety features of the MSRs, and the excessive amount would allow them to have low-medium Stress loads so the overall Lifetime of the structure would be even longer.
That is just my view anyways. The total end part of the money generated by the 20 year mark should be $2 Trillion-$4 Trillion every year and growing after a Mass Driver is built on the moon. That would be around the 15-21 year mark after start of the project. Even then Power Generation can start as early as the 8 year mark of the first Space Habitat. If properly made in size and material could generate 5 Gw per solar Satellite.
Bitcoin hash power is all centralized to two mining pools in China. All it takes is some collusion to butt fuck the "crypto dream" retards. Sure, they can make a fork, but all the cheap hash power is only made possible in state sponsored Chyna.
Go fish
Artificial turn down and artificial recovery. Lets see how the USD stands up to all of this moving forward.
buy gold like buffet
$NAK
I'm extremely deep in cryptocurrency. Mainly Dash, ...and then a basket of others. Mainly Eth and BTC in the basket. I have a reasonable stash of silver and less of gold.
I've been invested with cryptocurrencies since 2013. So spare me the spruilk. People should do their own broad research. I am invested in various DeFi projects already.
I know gold is the long term investment to make, but I just don't understand why.
If things get bad enough that I need to utilize the gold, who is going to give me anything for it or who can afford to give me anything for it?
Maybe I'm being unwise and overly skeptical for not having any, but I just don't understand why gold would help me out when everyone else is not doing well either.
Am I missing something super simple?
Interesting times ahead. US debt is soaring. Lots of monies to the usual "too big to fail" mob. To my understanding, the Fed is largely not in Trump's control, and if the USD spirals due to inflation, that will also be out of Trump's control.
https://www.marketwatch.com/investing/index/dxy/charts
“That was me people” -Obuttfuck probably
"From 2017 to 2020 the economy was all my doing. Then for about 3-4 months in 2020 it was all Trump's fault, but then it went back to being all me again once things got better."
My stock portfolio has doubled in the past year haha
I’ve spoken to several businesses up in Maine and one, a lobster/seafood Market said business is up 300% over last year. Another, an antique store where I am a vendor said July was their best month on record.
I bought tons of oil at the dip. Don't get me wrong, Ive made some money, but watching everything else leave oil in the dust has been a little dejecting. Had to revise my dreams of buying an international airport and settle for a Lego airport.
I bought oil too. It’s nice to have earned 60%, but it could have been 400% in TQQQ.
Same here. Russia flooded the market during the plandemic. Putin's way of kicking the US while its down. The cuck.
Gues the dems are gonna need another spike in cases to keep the country under lock and key until Nov. Where’s Cuomo and his nursing homes?
Democrats: “how can we delay this recovery until after the election”
Any ideas? The economy came back way too quickly and historically speaking, Americans vote with how thick their wallet is. A good economy means the incumbent wins and this terrifies the left, China, reddit, and soy boys
And this is why I am glad that Trump was in office and not Barack “Managed Decline” Obama
Here's what's great about this metric. 1) Retail sales IS a leading indicator of recovery, so his optimism is well placed, and 2) Focus is placed on multi-national retailers, and their agenda and wealth.
AGAIN!
Despite all of our major cities doing everything they can to stifle an economic recovery.
Dems furiously writing the next hoax
This motivates me to work harder and make more money! Let's get those numbers up!
Biden said it was due to him and Obama and I spit out my 18 year scotch and got banned on a website comment. Hahah they cant handle Trump facts
He means business, unlike stupid.
But muh Obama...
This is true, on wallstreetbets people are confused how the bubble could be this large for this long. We're long overdue for like a 700 point dow drop adjustment. Probably next week.
There's doom and gloomers, always.
Just think how much better it would be if Trump stopped being a pussy and ended the state of emergency for this season's bad cold
CAN'T STOP THIS TRAIN!!!!
401K's are alive and growi ng. Thank you President Trump.
my industry is decimated. we are furloughing 10's of thousands. Estimates are about 1 mil on the street from my industry come 1 Oct (when the payroll cheese runs out).
These are good, skilled high paying jobs. Torched for no good reason other than karen needs to be validated.
we are stupid fucking monkeys.
What industry is that?
Democrats were calling for an economic crash to stop Trump. They manufactured one and now NYC is dark.
And it is crucial that Trump be re-elected, because that's the only way this recovery will continue.
That's awesome maybe the government will pause when they keep spending money all the time that we don't have.
If they want to play that game, ill just say its George Washington recovery.
After all, he laid the groundwork.
I had to drive from OKC down to McKinney Tx and the interstate was busy plus so many truckers moving goods. Then from Denton to McKinney the road was wall to wall cars it averaged 25 mph for 20 miles so many people are out buying and doing. So much building going on there. Also speeds were 75 posted on I-35 but average is around 82. Traffic moves!
Did not see one SlowJoe sign but tons of Trump signs! Red ares for sure!
Democrats disliked that
Most of America doesn’t own any stock though. Change my mind
You're wrong over 50% of Americans do own stock.
Do you know how many people own stocks in their 401ks? To say most Americans don't own stocks is shockingly naive.
Except we will be having a depression worse than the great depression soon.
How exactly would that happen? How the 1929 great depression happened isn't going to happen, we know how to stop it, and there are many retail investors who would buy stocks if they drop massively.
People who lost their jobs are getting unemployment checks and federal reserve will make sure banks have money to loan.
Isn't going to be a depression, though should expect massive inflation.
No, we won't,