Why is Trump in such a rush to get things done?

[irksomesauce]

December 19, 2015, speech in Cedar Rapids, Iowa:

We could be in a bubble and that bubble could crash and it’s not going to be a pretty picture. You know the market is going down big league the last couple of weeks. But we could be in a big fat bubble and if that bubble crashes it’s a problem. The word bubble, remember the word bubble… you heard it here first… I don’t want to sound rude but I hope that if it explodes it’s going to explode now rather than 2 months into another administration.

Sept. 5, 2016 to Reuters:

They're keeping rates down because they don't want everything else to go down. The only thing that is strong is the artificial stock market. We have a very false economy. At some point the rates are going to have to change.

Sept. 26, 2016 debate at Hofstra University:

We are in a big, fat, ugly bubble, and we better be awfully careful, and we have a Fed that’s doing political things. This Janet Yellen of the Fed—the Fed is doing political—by keeping interest rates at this level. And believe me: The day Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play gold, when they raise interest rates, you’re going to see some very bad things happen, because the Fed is not doing their job. The Fed is being more political than Secretary Clinton.

If you remember, Clinton's tech bubble pop caught the incoming 43 in its wake, just as just as Clinton/Bush's housing bubble did its tsunami on the incoming Obama. Remember, too, that although the tech bubble pop was definitely hurtful, the housing debacle was exponentially worse...

Many feel that this current bubble, especially if the unknowable scale of the derivatives market finally bursts, too, will be exponentially worse than just 8 years ago - and that's not even counting if the dollar takes a nose dive with it.

If this bubble bursts and the dollar dives, the world economy will be almost totally devastated, and world war will be that much more enticing for some (the biggest banks, eg, always profit greatly from war).

Is Trump in a rush to get as much as he can done before the inevitable bubble burst - which he has predicted for a while now - finally happens?

 

[Conager]

December 19, 2015, speech in Cedar Rapids, Iowa:



Sept. 5, 2016 to Reuters:



Sept. 26, 2016 debate at Hofstra University:



If you remember, Clinton's tech bubble pop caught the incoming 43 in its wake, just as just as Clinton/Bush's housing bubble did its tsunami on the incoming Obama. Remember, too, that although the tech bubble pop was definitely hurtful, the housing debacle was exponentially worse...

Many feel that this current bubble, especially if the unknowable scale of the derivatives market finally bursts, too, will be exponentially worse than just 8 years ago - and that's not even counting if the dollar takes a nose dive with it.

If this bubble bursts and the dollar dives, the world economy will be almost totally devastated, and world war will be that much more enticing for some (the biggest banks, eg, always profit greatly from war).

Is Trump in a rush to get as much as he can done before the inevitable bubble burst - which he has predicted for a while now - finally happens?

I've been saying the same thing the stock market Prices are unsustainable. the bubble is inflated even more because the incoming Trump Administration. That's just going to make it worst when it pops. And when it does it will not be described as the car into the ditch or any of that crap that the Obama apologist have been spouting for the last eight years.

Bush got blame for the Carter and Clinton expansions to the community reinvestment act. This current bubble is all caused by The manipulations of the Federal Reserve under the Obama administration's watch. It was done on purpose specifically to have some kind of a bright spot in the abysmal recovery that we've had for the last eight years. The recession ended prior to Obama even taking office this is the worst recovery ever it would have been even worse without that phony money pumped into the system.

 

[irksomesauce]

https://i2.wp.com/money.visualcapitalist.com/wp-content/uploads/2015/12/all-the-worlds-money-and-markets-dv.png?w=1130

 

[Nezhul]

If this bubble bursts and the dollar dives, the world economy will be almost totally devastated

I don't really understand why do you link US economy with World economy this much?

I mean, of course, the dollar. But the thing is, we would only need to dump dollar and switch to Euro or another currency, and it will be fine.

Yea, sure, if USD drops it would suck a lot for a few years. But devastation? No, it won't happen. In fact, if USD finally emplodes then it may be quite beneficial for the world in general. We are currently stuck in the economic system that does not work well anymore. It's time to move on, but we can't, because moving away from Dollar will be basically condemning America. A large part of the world. No one wants that.

But it will eventually collapse, I think. Either that, or you somehow manage to move yourself out of the hole you got yourself into.
Thing is, the largest export item of US economy (by far) is USD. If during any scenario the world moves away from USD, America got nothing left, basically. Your production is outsourced to China. You don't produce much yourself anymore. Your economy is basically consumprion and business, and the thing with busines is that it doesn't generate a PRODUCT - it controls it. Moves it about.

I'm just saying, this is looking like a very dangerous situation for any country to me. Basically, all USA can count on is the concession of the rest of the world that USD is important. Nothing else. You don't hold your destiny - you let the rest of the world hold it.
If America messes up too much - if you lose that support for any reason - you fall deep and low.

 

[irksomesauce]

The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that , while now latent, are potentially lethal.

Warren Buffet, 2003

August, 2016:

Buffett Exits Credit Derivatives, Pays $195 Million on Last Deal
https://www.bloomberg.com/news/arti...dit-derivatives-pays-195-million-on-last-deal

Warren Buffett Dumps "Weapons of Mass Destruction" Derivatives ...
https://www.google.com/search?q=warren+buffet+derivatives&ie=utf-8&oe=utf-8

The boss of Berkshire Hathaway still holds a few derivatives tied to the stock market, but has divested of all others.

Look again at how obscenely out of whack the derivatives market is to even the rest of the inflated money world and Buffet wanting no more part of it may suggest he sees some "financial weapons of mass destruction" volatility near at hand.

 

[irksomesauce]

I don't really understand why do you link US economy with World economy this much?

I mean, of course, the dollar. But the thing is, we would only need to dump dollar and switch to Euro or another currency, and it will be fine.

Yea, sure, if USD drops it would suck a lot for a few years. But devastation? No, it won't happen. In fact, if USD finally emplodes then it may be quite beneficial for the world in general. We are currently stuck in the economic system that does not work well anymore. It's time to move on, but we can't, because moving away from Dollar will be basically condemning America. A large part of the world. No one wants that.

But it will eventually collapse, I think. Either that, or you somehow manage to move yourself out of the hole you got yourself into.
Thing is, the largest export item of US economy (by far) is USD. If during any scenario the world moves away from USD, America got nothing left, basically. Your production is outsourced to China. You don't produce much yourself anymore. Your economy is basically consumprion and business, and the thing with busines is that it doesn't generate a PRODUCT - it controls it. Moves it about.

I'm just saying, this is looking like a very dangerous situation for any country to me. Basically, all USA can count on is the concession of the rest of the world that USD is important. Nothing else. You don't hold your destiny - you let the rest of the world hold it.
If America messes up too much - if you lose that support for any reason - you fall deep and low.

The US is the economic engine of the entire world: if you doubt that even subjectively for just a nanosecond, simply review that great infographic above to school yourself. That's no subjective brag, it's simply objective economic fact.

The immensely-inflated US dollar is still the world's reserve currency simply because America is - by far and away - the very best "bet" playing in the economic world, both safety- and profit-wise. That's no boastful dis on any other nation - it's simply the plain, cold truth: the dollar is the most valuable stock on earth.

The truly pathetic thing about that, though, is that it's true worth is almost wholly speculative, instead of being grounded in practical value: it's notoriously inflated after years and years and years of almost endlessly printing more and more of it at will.

And when inflation can't in any way be artificially restrained anymore - which is exactly what's been micromanaged for the last 4 American presidential terms (16 years) - it's naturally going to totally suck out all the artificial value the dollar is currently floating upon when natural correction comes. And, sooner or later, no matter what, NATURAL CORRECTION ALWAYS COMES.

True inflation has been monstrously accruing during the last 16 years that the American federal government has been turning its Ponzi scheme into a true art form simply by printing trillions of dollars more.

From George Washington's first day in Office in 1789 to Ronald Reagan's first day in Office in 1981 - 192 years - America had racked-up just short of 1 trillion in national debt.

The next 20 years saw America's national debt increase five-fold.

On George W. Bush's first day in Office in 2001, America's debt sat at 5 trillion; 8 years later it had doubled to 10 trillion.

And after 8 years of Obama, America's national debt doubled again to 20 trillion.

And people actually exist who insist inflation isn't at play, let alone at that rate of exponentially atrociousness?

The perverted size of the current world financial bubble - which, again, is majority driven by the world economic engine known as the US - can be began to be visualized by that obscene inflation which the last 16 American years has produced, except the true scope of how far both the US market (which comprises 52% of the world's stock market, with the EU next at 8%, Japan at 7%, and Communist China at 2%) and US dollar dive can be when this bubble pops is probably more horrendous than most of us can even imagine in these spoiled days of gluttonous blindness.

Again, keep in mind:

The American stock market is roaring as never before: every other market on earth currently can only gush with envy.

The US dollar is the world's only practical reserve currency because it is considered - far and away - the planet's most safe, dependable, and profitable unit of monetary value.

Which, when you honestly consider how artificially inflated both the US market and US dollar are - how truly precarious both their situations are - should tell you exactly how dire the rest of the world's economy is and precisely what'll mean to that world economy if America's totally pops.

 

[Nezhul]

I'll just say I'll have to disagree with you.

If america is suddenly gone from the scene, then what? Crops won't stop growing, sun won't stop rising. Trade won't stop happening, because believe it or not - there are other reserve currencies in the world. Factories won't stop working by magic.

Billions of people will go to work like they always did.

Of course there will be a crisis. But not the collapse you are trying to depict.

And with it's inflated economy, USA actually starts to become more of a hindrance than any benefit for the rest of the world. It's just that politicians favor stability above everything else, because this stability keeps them in their chairs and keeps their bank accounts full. In fact, supporting Dollar as a reserve currency has long ago ceased to be profitable to EU and Asian countries. They just do it because it's scary to invoke the crisis. And because "everyone else" does it.

No one wants to be the person to throw the first stone, that's it.

And yet initiatives like "detach oil trade from dollar" and "make another reserve currency" are gaining more and more support every year.

 

[irksomesauce]

My fault: I see just now that you list Russia as your location, which fully explains why you have no concept of what "market" actually means at all, let alone in the vaulted American sense.

Sorry for posting so high above your beet root and potato level.

 

[JohnnySavage]

*vaunted.


Very few Dollars are actually in a vault.

 

[Christobal]

Maybe it is not a complicated as you think. Don't most American presidents do as much as they can during their first 100 days to deliver on campaign promises?

 

[someoneyouknow]

Maybe it is not a complicated as you think. Don't most American presidents do as much as they can during their first 100 days to deliver on campaign promises?

In Trump's case it's to get things in before the impeachment proceedings start. There are still ongoing Senate and FBI investigations into both the Russian hacks and any collusion between the Trump campaign and Putin. Apparently the FBI and others have loads of intercepted communications between the two.

 

[Super-Surprise]

What if a Mexican guy opened up a hot air balloon ride just on the Mexican side of the border and sold parachutes? No wall could be high enough for that.

 

[Porkwarrior]

The whole premise of this th'd is that the value of the USD$ is based on a bubble.

Once you pull that out of your ass an realize it's nothing but shit, this th'd kinda falls apart.

 

[Nezhul]

What if a Mexican guy opened up a hot air balloon ride just on the Mexican side of the border and sold parachutes? No wall could be high enough for that.

The idea is to arrange monitored borders. WHich is a good thing in and on itself. A wall maybe an overkill though.

For example in Russia there's no wall on our borders, because it's physically impossible to build it - the borders are too long. However there's a several Km patrolled line and if you get caught there - then very polite blue-eyed people will ask you a number of simple questions that you won't have real answers to.

A balloon or parachute action will be noticed quite easily.

 

[GiaCat]

I mean, of course, the dollar. But the thing is, we would only need to dump dollar and switch to Euro

True, the EU's members are all doing very well

 

[phrodeau]

Maybe someone in Mexico will invent the transporter.

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