In 2019, the Federal Reserve’s stimulus packages – which SHOCKED the markets, since they represented a full U-turn in terms of policy, compared to the aggressive tightening in 2018 – were one of the primary reasons that the stock market soared by so much.
Most people think that today’s wealth gap and income inequality circumstances are outrageous, but in the coming downturn, in the heat of the crisis and the ensuing transfer of wealth, the PAIN will become unbearable and even greater.
President Trump just gave a 75-minute speech at the New York Economic Club. He talked about the administration’s achievements in the fields of unemployment, tax cuts, deregulation, energy deals, trade deals and many other topics.
The stats are clear as day and I’ve heard all the arguments for and against a recession, and I’m telling you that the best thing you can do is LIE to yourself and put yourself in the mindset that within six months, the U.S. economy will hit a brick wall and roll over into recession.
You can sense the desperation with the old guard. I’m telling you that there are winds of change everywhere I look. For the past few days I’ve been visiting Kiev, Ukraine, and young people are DISGUSTED with politics, with corruption, with the lies and distortions of the previous era.