View Single Post
Old 05-24-2019, 06:16 AM  
2MuchMark
Videochat Solutions
 
2MuchMark's Avatar
 
Industry Role:
Join Date: Aug 2004
Location: Canada
Posts: 46,304
Quote:
Originally Posted by thommy View Post
that was not what i said - even when also THIS would hurt the economy. the economy will suffer whoever president is impeached because it would create a unpredictable situation.

but what i meant here is: the economy will get hit hard - VERY HARD !!!
but only people who can understand numbers and see the real circumstances behind it can see it NOW.
til people can feel it in their own pocket will still take a while because there is still a lot of cruel speculations in the market that makes the things look not so bad as they are.

we had the same issue in 2007 before the subprime crisis when banks tried to keep the sinking ship going on. even rating agencies have been into this game and rated complete fallouts AAA. the same banks who have sold this dirty papers with AAA rating bet already in that time on their crash. when a paper you bet against is high rated you make the biggest deals when it crashes.

so this is already happening again same as in 2007 - but if the result will be seen AFTER trump is impeached people will beleive that the crash is caused by the impeachment.

this is why pelosi wants to have trump on the presidentīs chair when it happens - and THIS is smart.

there is a very interesting movie that i can recommend you to watch as it is based on facts. the movies name = the big short

there you can see exactly how the big players are working

1. put a lot of bullshit into a nice bag and sell it to customers and MAKE HUGE MONEY
2. pay the rating agencies to rate this bullshit AAA
3. after selling this papers with profit to their customers bet against them, with a fucking high spread because nobody will believe that AAA rated papers will collapse.
4. wait til they collapse and make THE REAL BIG MONEY

this is what we see at the moment and what happens outside.
trump opened this door on his first day when he nullified the dodd frank act and let the banks and big investors play the game again.
i am sure that alone this brought him more money as he could ever make in his lifetime.

I saw the Big Short - its excellent. I really liked it.

I don't know if impeaching Trump would hurt the economy though. I'm no expert of course. If Trump were still in the big chair and the economy crashed sure it would look bad for him but no one should wish for this. A crashing economy is devastating for everyone.

Also when Clinton was impeached, it hardly had any impact on the economy at all. I read somewhere that while the S&P fell when Nixon was impeached, it climbed something like 25% when Clinton was impeached.
2MuchMark is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote