One of the big reasons why I had to take time off from my media activities was because of how infuriated I became (and still am) due to President Trump's extremely irresponsible hyping of our debt & QE-driven economy and stock market.
As I wrote last year, Trump has been recklessly demanding and fanning the flames of a massive asset bubble:
zerohedge.com/news/2019-05-1…
zerohedge.com/news/2019-06-2…
zerohedge.com/news/2019-05-1…
zerohedge.com/news/2019-06-2…
Trump hyping the stock market would be like Bush telling everyone to speculate in the housing market in 2007.
It's absolutely insane. That's why I threw my hands up in desperation - "we're done - it's over."
One Trump tweet hyping this bubble negates 8 years of my work.
It's absolutely insane. That's why I threw my hands up in desperation - "we're done - it's over."
One Trump tweet hyping this bubble negates 8 years of my work.
And I'm not viewing this situation from the perspective of a Democrat.
I'm an Austro-Libertarian who is against government intervention in the economy and stock market. I'm also against the massive budget deficits that the Trump administration is running.
I'm an Austro-Libertarian who is against government intervention in the economy and stock market. I'm also against the massive budget deficits that the Trump administration is running.
It seems like everyone's getting caught up in the lie that "we're in a new era! The economy is booming and there's prosperity as far as the eye can see!"
Meanwhile, everyone is ignoring how much debt it took to create that false economic boom. Snap out of it, sheeple! Wake up!
Meanwhile, everyone is ignoring how much debt it took to create that false economic boom. Snap out of it, sheeple! Wake up!
My epiphany of the past several months was to stop caring about the day-to-day or week-to-week trivialities of financial news. That's why I soured on churning out content - it's a waste of time.
My focus has shifted primarily to survivalism and prepping.
My focus has shifted primarily to survivalism and prepping.
Virtually the only accomplishment that Trump can "claim" is the so-called booming stock market and economy, and it's not even his own doing - it's because the Fed keeps pumping, pumping, pumping liquidity into the economy!
It's like nobody understands this. It boggles my mind.
It's like nobody understands this. It boggles my mind.
Trump's so-called economic boom is a post-hoc fallacy:
en.wikipedia.org/wiki/Post_hoc_…
Just because B comes after A, it doesn't mean that A *caused* B. In this case, A is Trump and B is the stock market/economic boom.
He's taking credit for something he has little to do with.
en.wikipedia.org/wiki/Post_hoc_…
Just because B comes after A, it doesn't mean that A *caused* B. In this case, A is Trump and B is the stock market/economic boom.
He's taking credit for something he has little to do with.
Why do I care so much? Because today's bogus economic and stock market boom is going to collapse and cause tremendous pain.
And then, genuine fiscal conservatives & capitalism will be blamed and that will be the pretext to usher in socialism. That's my big fear.
And then, genuine fiscal conservatives & capitalism will be blamed and that will be the pretext to usher in socialism. That's my big fear.
