Pundit Bill Bonner predicts:
“Most likely, the stock market will crash sometime before the 2020 election. We can’t know when.
…. The end of the stock market boom, too, is unpredictable. But each passing day brings us a day closer to when it will crash and burn.”
Bonner’s prediction is in line with our 2017 article, “An Economic Showdown Is Looming”. I suggested the Fed, part of the deep state, was setting up President Trump to be another Herbert Hoover. The deep state wants the market to crash so they can crush capitalism and further consolidate federal government control.
Fed Chair Yellen announced the Fed would begin raising rates in 2015. After one early increase and she held off until after the election. Despite Ms. Yellen’s vehement objections to the politics of holding off on rate increases before the election, it sure looked political.
CNN Money reports:
“Federal Reserve Chair Janet Yellen gave the U.S. economy a nearly clean bill of health, two days before Donald Trump arrives at the White House.(Emphasis mine)
“Now, it’s fair to say, the economy is near maximum employment and inflation is moving toward our goal.”
CNBC quoted Ms. Yellen:
“Would I say there will never, ever be another financial crisis? …. That would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will be.”
In 2018, the Atlantic Article, “The Federal Reserve Chair Is Ignoring President Trump”, Fed chairman Powell reassured us:
“Not every business cycle is going to last forever, but no reason to believe this cycle can’t go on for quite some time, effectively indefinitely.”
The underlying Fed message – Bush broke it, Obama fixed it, and now Trump is responsible.
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