Tag: stock market

14-32 Crashes and Recessions | Bidenomics, Kamalanomics, and Walzonomics

14-32 Crashes and Recessions | Bidenomics, Kamalanomics, and Walzonomics

Show 14-32 Summary: Why talk about economics? Because the number one issue for most voters is economics. So if you want to influence how people might vote, you need to know the economic issues at stake and the differences between a Trump administration and a Kamala one. Poor jobs numbers caused the recent stock market crash. Was it just the unemployment numbers and the triggering of the 100%-accurate Sahm Rule that indicates we’re in a recession? Or did the economy not have faith in the guy with dementia allegedly in charge of it? Expect more downturns if Kamala and Walz get elected. The single best answer to Bidenomics, Kamalanomics, and Walzonomics is something we know works: Trumponomics.

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Original Air Dates: August 10th & 11th, 2024 | Guest: Jonathan Williams

This Week – Bidenomics, Kamalanomics, and Walzonomics

This week, it’s about economics, a topic that surveys repeatedly show as being the number one or near the number one issue for voters. We talk with Jonathan Williams from the American Legislative Exchange Council to take a look at the stock market crash beginning Friday August 2nd and rolling over to Monday. And the lingering jitters as a result of it. Are we one market correction away from a major recession?

Then we look at Bidenomics, Kamalanomics, and Walzonomics — all of which get progressively worse because each of those is further left than the previous one. Reagan once said, “The nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” Although we might have a new contender for the one- most terrifying word — Kamalanomics.

We don’t know what Kamala thinks. We don’t know if she thinks or is just spouting what other people tell her to think. But she has said she “loves Bidenomics!” and that she will get rid of the Trump tax cuts on day one if elected.

If you thought Bidenomics was bad, Kamalanomics will crush you. And Walzonomics would be even worse because he’s an avowed socialist.

Well. The answer to Bidenomics, Kamalanomics, and Walzonomics  is something we know works. Trumponomics. So we also take a look at some of Trump’s solutions. But with so much to talk about, time ran a bit short so we’ll have to take a look at his solutions in more depth on a future show.

Socialism is Not Neighborliness

Sorry Governor Walz, socialism is not neighborliness. Socialism is not kind. Socialism is not neighborly. Not even close.

Socialism is about total government control. It is the nationalization of the economy. And that only happens through the control of resources and the means of production, which happens through the end of private property. And if you don’t like it, socialism is imposed at the end of a gun.

Do you threaten your neighbors with guns, Governor Walz?

Our founders knew that without private property there really is no freedom.

Socialism deprives people of their incentives to do better. Their desire to succeed because it punishes those who try — as more and more “neighbors” lay their claim to someone else’s success and demand their piece of it bec they have been told they are entitled to it

I don’t know what kind of neighborhood you live in, Walz, but most neighbors I know don’t think that they are entitled to take someone else’s lawn mower.

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Show Notes: Research, Links Mentioned & Additional Info

  • Jonathan’s organization is ALEC – the American Legislative Exchange Council. Find out more at ALEC.org.
    • Encourage your representatives to join ALEC! There are state and city memberships. Help elected officials understand economic problems and the real solutions available to get out of them! Send them this link: https://alec.org/membership/.
    • And you too can join as a private-sector member!
    • You can follow Jonathan on Twitter at @TaxEconomist.
  • Head to Rich States, Poor States to see how your state is doing. And for a taste of what Kamalanomics and Walzonomics would be like, check out how badly Minnesota is doing under governor Tim Walz. (Hint: worse than Oregon!)
  • Check out Trump’s platform, “Agenda 47.” A 20-point plan, much of which focuses on the economy.

The Stock Market Crash and Recession

  • Dow drops 900 points, Nasdaq craters 2% in global market rout (CNBC, August 5, 2024)
    • Fears of a U.S. recession were the main culprit for the global market meltdown after Friday’s disappointing July jobs report.
  • Stocks routed in Asia, tumble in Europe as markets fear U.S. recession in wake of weaker than expected jobs report (CBS, Aug 5, 2024)
    • Japan’s benchmark stock index plunged 12.4% on Monday, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for a recession.
  • This recession indicator is flashing red, but the ‘Sahm Rule’ creator says ‘this time really could be different’ (Fortune, August 2, 2024)
    • “The Sahm Rule’s accuracy rate is 100% going back to every recession since the early 1970s.”
  • Unemployment Rate Spike Triggers ‘Sahm Rule’ Indicator, Signaling Potential US Recession (The Epoch Times, August 5, 2024)
  • Fury as Biden tries to defend his record – as stock market meltdown intensifies in afternoon trading in blow to 401(K)s (UK Daily Mail, August 5, 2024)
    • “Wall Street’s most watched gauge of investor anxiety logged its largest ever daily jump on Monday. [The Cboe Volatility Index or VIX] hit the highest level in four years — when it last spiked as Covid shut down the economy.

Kamalanomics

Walzonomics would be Worse than Kamalanomics

 

Stock Market Roller Coaster: Covert Financial Warfare?

Stock Market Roller Coaster: Covert Financial Warfare?

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Show Summary: The wild stock market ride continues. Is The Fed playing politics? Or is this covert financial warfare happening all over again? Plus new A.I. innovations may make things worse with the rise of 5G. Is Terminator Day coming? Plus, the war for the technology the future will be built on.

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Air Dates: Jan. 12 & 13, 2019 | Kevin Freeman

This Week: If there’s one thing in life that’s consistent, it’s that government is consistently wrong.

In the late 1700s, you had Thomas Malthus predicting overpopulation, which would exceed the means of agricultural production and lead to starvation. They were wrong. Because Malthus—a preacher and mathematician and not a farmer—didn’t take into account advances in farming technology. Or advances in science and improved understanding of plant biology. And yet Malthus’s opinion has dominated Western government thinking for two centuries.

And yet the Left wholeheartedly believes it. The Left believes in depopulation, and to solve it some 6 billion humans just need to go away.

And there’s the Industrial Revolution. Once again, government “experts” believed people were going to be put out of work as machines did what people used to do. More people went to work than ever before. And at higher wages than ever before. Which meant they had more money to spend, which meant more businesses could open. And on and on and on.

These are just two examples of why government is so often wrong about so many things. It’s why they’re slow to react to advances in technology because—like Malthus who was no farmer—government bureaucrats are making decisions and recommendations about things they don’t fully understand. It’s why the market, which makes millions of buying and selling decisions every day is more efficient than any government bureaucrat could ever be.

This is precisely why socialism always fails. Markets are always better than bureaucrats.

Government and the Market

But that doesn’t mean there shouldn’t be some sort of control. Because a market running amok can cause damage within any market, there are potentially some bad actors who will, can, and do exploit things to their own advantage.

But what about The Fed? They’ve been raising interest rates since Trump got elected. Is this politics? Are they trying to sabotage Trump? You’ll have to tune in to hear what’s really going on.

Artificial Intelligence: New Tool in Covert Financial Warfare?

Take, for example, a relatively new phenomenon, computerized, algorithm-controlled stock trades. Basically, computer programs that watch the market to buy or sell based on a set of criteria. But here’s the thing. They can make millions of trades in seconds, before you can even refresh the Dow Jones web page.

And they don’t care whether the market goes up or down. Because if their predictive program guesses correctly, they can make money whether the market goes up or down.

Think George Soros—who made billions by betting against the Bank of England and that the British Pound would go down. Now think George Soros with a super computer. See the potential problem?

While these “trader bots” have a lot of potential, they also represent the potential for tremendous problems. And the potential for problems are only going to get worse due to the rise of new technologies that will make things even faster and more connected than ever before.

5G Dangers? Not Quite what you think…

The potential for good or ill includes 5G technology that will have your head spinning. Your cell phone used to have 3G technology, which essentially used to have dialup speeds. But then they went to 4G, which meant your cell phone could handle video downloads. 5G? It’s 100 times faster than 4G.

And it will be everywhere. Toasters connected to cell phones? Yes. It’s being called the Internet of Things.

China’s War for 5G

So why is China so interested in this new technology? Why are they pushing to dominate the world with their version of 5G? And what dan

Because who controls that new technology will control the new future that is coming. And right now there is a war between China and the U.S. for the future.

Tune in to hear the dangers, and potential, for what is happening in the market and where this is headed.

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Links Mentioned

Kevin’s website is www.EconomicWarRoom.com

Economic War Room, now airs on BlazeTV. To learn more about the Economic War Room Show, visit www.EconomicWarRoom.com. You can get a FREE one-month trial and $20 off an annual subscription now through year end. Go to the website for more details.

Will The Federal Reserve Provide Us With The Next Abuse Of Power Scandal? (Forbes, Jul 19, 2013)

Federal Reserve Transparency Act of 2017 (govtrack, 2017)

Financial Warfare and the Float of China’s Yuan. Weaponization of the Forex Market (Global Research, Nov 1, 2018)

Stock market 2018: Expect Dow volatility as trade war, Trump talk spark fear (USA, April 8, 2018)

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Related Links

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Did Spooks Spook the Market? Economic Warfare and Market Sabotage

Did Spooks Spook the Market? Economic Warfare and Market Sabotage

Show Summary: After months of steady gains, the markets took a dive last week. Something about it all didn’t seem quite right. Right in the middle of the FBI memos exposing the Deep State? How convenient. Pundits blamed “robo-traders” and “market corrections.” But was it all just normal market volatility? Or could it have been manipulated? And if so, by whom? Because here’s the thing: economic warfare and market sabotage has happened before.

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Air Dates: Feb. 17 & 18, 2018 | Kevin Freeman

This Week: Just imagine if you had the ability to create panic in the stock market like a precision bomb. You could make a lot of money when the sheep begin to stampede. Last week we had a bumpy ride with the Dow Jones and other markets showing incredible volatility and the timing of it was rather suspicious.

Think about it.  President Trump’s approval numbers start to climb.  Trump’s new fed chair was officially appointed.  CNN points to the stock downcast and that it was all Trump’s fault as they ducked out of Trump’s speech. And, of course, it sure took a lot of heat off the highly revealing Democrat-Russian collusion memos.

Was it just normal market volatility?  Or could it have been manipulation? And, if so, by whom? Yes. Because here’s the thing: economic warfare, market manipulation, and even market sabotage have all happened before.

Economic Warfare and Market Sabotage

Remember 2008?  It was proven that Russia had manipulated the big sell off on the stock market at that time—which actually had to be forcibly shut down by the government to stop a collapse. The panic that ensued. Then Presidential candidate, John McCain rushing back to Washington.

Long-time listeners of I Spy know that, yes, there was indeed manipulation in our markets in 2008—by Russia. (It might very well have been brought down if the Chinese hadn’t backed out at the last moments.) This was outright economic warfare. And it helped to usher in Obama’s presidency, who just happened to seem rather calm about the whole thing.  So was last week’s market volatility was normal or staged?

To figure this out we bring in Kevin Freeman, a world renowned expert on economic warfare and author of, Secret Weapon: How Economic Terrorism brought down the US Stock Market.  You’ll hear just how open these systems are to manipulation.  We also discuss automatic trading algorithms, “robo-brokers,” that go in and buy and sell when triggers and market conditions are met.  And if those are at work behind the scenes, how easily can those be manipulated to cause crashes?

Let’s not forget: George Soros has made an awful lot of money—not when the market goes up, but when it goes down. You don’t think he’d be happy to unleash a little economic warfare and financial terrorism?

Don’t miss our conversation on the dangers, the signs of war, and what you can do to protect yourself and your family’s financial health.

Podcast Version

Links Mentioned

Additional Links

  • Exclusive: Leftist Google Employees Conspire To Undermine Breitbart’s Ad Revenue (Breitbart, Feb 13, 2018)
  • WIRED: ‘Inside The Two Years that Shook Facebook – and the World’ (Breitbart, Feb 13, 2018)
  • Consumer prices jump much more than forecast, sparking inflation fears (CNBC, Feb 14, 2018)
  • Dems vie to win back blue-collar voters in pivotal Pa. race (The Hill, Feb. 14, 2018)
  • Ivanka Trump touts business tax cuts in political hotspot (Yahoo News, Feb. 14, 2018)
  • Adam Schiff Confirms Democratic Memo Contains ‘Sources and Methods’ (Daily Caller, Feb. 14, 2018)
  • Definition of short selling via Investopedia – “Short selling is the sale of a security that is not owned by the seller or that the seller has borrowed. Short selling is motivated by the belief that a security’s price will decline, enabling it to be bought back at a lower price to make a profit.”
  • Apple Responds to Hack Threats, Says There Were No iCloud or Apple ID Breaches (Macrumors, March 22, 2017)
  • Inside One of the World’s Most Secretive iPhone Factories (Bloomberg, Apr 24, 2016)
  • China is using its students and professors at US colleges to SPY on America, FBI Director warns, as it bids to become the world’s dominant superpower (Daily Mail, Feb 14, 2018)