Why Trump’s Economy Is About To Crash

Why Trump’s Economy Is About To Crash


IF YOU WATCH MAINSTREAM MEDIA
YOU WOULD BE UNDER THE IMPRESSION THAT THE ECONOMY IS
DOING INCREDIBLY WELL. AMERICANS ARE SUPER PROSPEROUS,
THEY HAVE A TON OF MONEY. LOOK AT THE STOCK MARKET, THE NUMBERS
SPEAK FOR THEMSELVES, STOCK PRICES ARE UP, BUT THE REALITY
IS PEOPLE ARE DEALING WITH MORE DEBT TODAY THAN THEY DID AT THE
HEIGHT OF THE ECONOMIC CRASH IN 2008, AND WAGES REMAIN STAGNANT
SO THE FED HAS BEEN LOOKING INTO THESE NUMBERS BECAUSE THEY ARE
CONSIDERING INCREASING INTEREST RATES AND INTEREST RATES HAVE
BEEN LOW SINCE THE RECESSION AND WHEN THEY RAISE INTEREST RATES
IT IS DONE IN ARE NEVER TO RESPOND TO AN OVERHEATED MARKET
SO INFLATION, FOR INSTANCE. THEY WANT TO MAKE SURE INFLATION
DOESN’T GET OUT OF HAND BUT IF THEY DO INCREASE THE INTEREST
RATES, A LOT OF AMERICANS WHO HAVE A LOT
OF THAT WILL SUFFER. THAT IS INSANE. THERE’S THAT
AND REMEMBER WAGES HAVING GONE UP SIGNIFICANTLY, THEY HAVE
REMAINED STAGNANT FOR THE MOST PART. SUBPRIME LOANS IN THE AUTO
INDUSTRY ARE HUGE, THERE’S A BUBBLE THERE THAT IS EXPECTED TO
BURST. SO KEEP AN EYE ON THAT. THIS IS PART OF WHY TRUMP WON
AND IRONICALLY, WHY HIS PRESIDENCY I BELIEVE COULD
COLLAPSE AND SO LET ME EXPLAIN BOTH OF THOSE. HE WON
BECAUSE WASHINGTON HAS NO SENSE OF THE ANGER IN THE COUNTRY
BECAUSE TO THEN THE IDEA THAT YOU WOULD BE WIPED OUT BY A $400
EXPENSE IS LAUGHABLE. THE FOLKS IN POWER IN WASHINGTON AND NEW
YORK, AND SAN FRANCISCO AND LA TO BE HONEST, $400 IS NOTHING. BUT FOR 40% OF THE COUNTRY, IT IS DEVASTATION. THAT IS UNDER
NORMA’S DISCONNECT. IT IS NOT JUST THAT ONE SIDE IS SO
DESPAIRED THAN THE OTHER IT IS THAT THEY DON’T KNOW EACH OTHER
AND THEY DON’T UNDERSTAND EACH OTHER AND SO ALL THE PEOPLE IN
POWER, THEY DON’T KNOW ANYONE WHO CAN’T SURVIVE A $400
EMERGENCY AND SAID THEY GO ON BLITHELY THINKING THAT SOMEBODY
LIKE HILLARY CLINTON WHO IS AN ENORMOUSLY PRO-ESTABLISHMENT
CANDIDATE RAN A CAMPAIGN BASICALLY SAYING THE STATUS QUO
IS PRETTY GOOD, LET’S STICK WITH IT. THAT PRODUCED A RAGE IN THE
COUNTRY AND SO THAT IS WHY TRUMP 1. NOW IRONICALLY OF COURSE, AS YOU
KNOW, TRUMP DID NOT MAKE IT ANY BETTER SO WHAT DID HE DO? HE PORTED TON OF MONEY INTO RICH
PEOPLE. HE GAVE RICH PEOPLE EVEN MORE TAX CUTS. THE AVERAGE
TAX CUT FOR THE GUYS IN THE 1% FROM TRUMP WAS $61,000. EVERY
YEAR IN THEIR TAX CUTS ON AVERAGE. THE BUBBLE KEEPS
GROWING AND GROWING AND AT SOME POINT, IT WILL POP AND WHEN IT
DOES, THERE WILL BE EVEN MORE DEVASTATION IN THE COUNTRY
BECAUSE ALL OF YOU WILL HAVE $400 OF EMERGENCY EXPENSES,
$4000 BECAUSE OF ALL THE DISASTERS THAT WILL UNFOLD FROM
THEN YOU WON’T HAVE JOBS, EVEN THE VERY LOW-PAYING JOBS AND
WHEN THEY GO TO BAIL OUT THE BANKERS AGAIN, WE ARE GOING TO
HAVE A WHOLE DIFFERENT ANIMAL IN THIS COUNTRY. BUCKLE UP, BRACE
FOR IMPACT ARE. BY THE WAY, IN REGARD TO THE
STOCK MARKET, WE TALKED ABOUT THIS BEFORE BUT JUST TO
REITERATE, IT IS ARTIFICIALLY INFLATED BY CHEAP MONEY THAT THE
FED IS PRINTING OUT AND GIVING TO BANKS FOR INSTANCE. THEY ARE
SUPPOSED TO LOAD THAT MONEY OUT TO SMALL BUSINESSES BUT THEY
HAVE NOT DONE THAT. THEY JUST USE THAT TO BUY THEIR OWN STOCKS
AND THEN YOU DON’T HAVE AMERICANS GOING OUT AND BUYING
THEIR PRODUCTS SO WHEN YOU SEE THE PRICES GO UP, REMEMBER IT IS
THESE CORPORATE CEOS, EXECUTIVES TAKING MONEY FROM THE TAX CUTS
AND CHEAP MONEY FROM THE FED AND JUST BUYING THEIR OWN STOCK. THAT IS THE REASON WHY YOU ARE SEEING THE STOCK PRICES GO UP
AND YES, UNEMPLOYMENT RATE IS LOW, BUT YOU HAVE TO LOOK AT THE
QUALITY OF JOBS. THESE ARE NOT QUALITY JOBS, THE WAGES MATTER
QUITE A BIT AND THEY REMAIN STAGNANT AND FINAL PIECE OF THIS
PUZZLE, STUDENT LOANS. BY THE WAY, THE EDUCATION
DEPARTMENT JUST ANNOUNCED THEY WILL BE INCREASING THE INTEREST
RATE FOR FEDERAL STUDENT LOANS. THAT IS HUGE, I KNOW IT DOESN’T
SEEM LIKE IT BUT IT IS HUGE WHEN YOU’RE TAKING OUT TENS
OF THOUSANDS, SOMETIMES HUNDREDS OF THOUSANDS OF DOLLARS
IN STUDENT LOANS. THERE’S A THEORY THAT STUDENT
LOANS ARE THE NEXT SUBPRIME MORTGAGE CRISIS. I COVERED THIS
FOR YEARS ON THE YOUNG TURKS, ABOUT WHY THE COLLAPSE HAPPENED
IN 2008 AND SO EVERYBODY THINKS IT WAS THE HOUSING MARKET. NO,
IT WAS THE GAMBLING ON TOP OF THE HOUSING MARKET. IT IS
CALLED DERIVATIVES AND WHAT THEY WOULD DO IS THEY WOULD BET, IS
THAT PACKAGE OF HOUSING MORTGAGES GOING TO COLLAPSE OR
NOT? AND SO WHEN THOSE BETS WENT
SIDEWAYS, IT CREATED A DOMINO EFFECT THEY COULD NOT RECOVER
FROM. NOW THERE ARE PEOPLE MAKING THOSE KINDS OF DERIVATIVE
BETS ON OTHER THINGS AND SOME IS ON LOCAL AND STATE SOLVENCY AND
SOME IS ON THE EDUCATION LOANS AND 1.41 TRILLION IS ALREADY A
GIANT AMOUNT LET ALONE THE BETS THEY HAVE ON TOP OF THAT MONEY
AND THIS HAS CREATED A WHOLE CLASS OF INDENTURED SERVANTS AND
UNLIKE INDENTURED SERVANTS WHICH YOU READ ABOUT IN HISTORY CLASS,
THAT LASTED SEVEN YEARS AND THEN YOU ARE FREE TO GO. THIS LAST A
LIFETIME. I TALKED TO GROWN PEOPLE RUNNING FOR UNITED STATES
CONGRESS WHO ARE STILL PAYING THEIR STUDENT LOANS. THIS IS AN ALBATROSS AROUND
OUR NECK AND IT IS DONE ON PURPOSE SO THEN WHO DO YOU HAVE
TO SERVE? CORPORATIONS. OTHERWISE YOU
WON’T BE ABLE TO PAY YOUR DEBTS AND THEN THEY HAVE YOU EXACTLY
WHERE THEY WANT YOU. AND THESE ARE PEOPLE WHO HAVE
THIS HUGE DEBT BURDEN JUST SO THEY CAN HAVE AN OPPORTUNITY
TO GET A DECENT JOB IN THIS COUNTRY AND WHEN THEY ARE PAYING
IT BACK, IT IS SUCH A HUGE PORTION OF THEIR INCOME THAT
THEY CANNOT BE PART OF THE ECONOMY AND WAYS THAT THE
GENERATIONS BEFORE COULD. THEY CANNOT BUY HOMES, CARS, ALL
THAT BUT THEY ALSO CAN SAVE FOR RETIREMENT. LESS THAN 40% OF NON-RETIRED ADULTS THINKS
THEY HAVE ENOUGH MONEY TO BE ON TRACK FOR RETIREMENT SO
PEOPLE ARE SUFFERING. DON’T LET ANYONE LIE TO YOU
ABOUT THE HOW THE ECONOMY IS BOOMING UNDER TRUMP. ALL RIGHT, AND THE POST GAME,
WE WILL TALK ABOUT WHETHER WE ARE JOURNALISTS. I THINK THAT
IS AN INTERESTING CONVERSATION.

100 thoughts on “Why Trump’s Economy Is About To Crash

  1. When the pain comes…and it will it will be very bad this time / Debt,low taxes,high military spending, % increase in spending (crazy)…Pain…lots of pain.

  2. I have read that Baby Boomers are still retiring at a rate of 10,000 per day, 300,000 per month. If this is true then the jobs that Trump is said to be creating are actually the jobs that are vacated by the Baby Boomers. The real Real problem when one retires they are usually numero uno at the company, or at the very least of their department. Filling those positions would have to come from within as a trickle up! Therefore the job created is at the bottom of the barrel!

  3. Have you lost your minds? How does this rising poverty have anything to do with Trump (and not Obama, Bush, Clinton, Bush, Reagan)? Excuse me, but no one has stopped rising rent and education costs. Bernie wanted to, you supported HRC. Pat yourselves on the back. But now you sound just plain dumb.

  4. JP Morgan Chase has already predicted a total economic collapse in 2020. Are you ready?????  The Nazi-in-Chief and his tax cuts for the 1% will be the cause of this. American free market deregulated capitalism is destroying everything.

  5. If you haven't watched the film:  THE BIG SHORT please do yourself a BIG favor, it explains the Wall Street bull shit that goes on.

  6. Our ran by a bunch of idiots starting with lying tump. His supporters aren't very smart either. That is what happens when you give a growing economy to a republican recession

  7. Its a vicious cycle, the economy goes south, and the banks or the government increase interest rate. It is the main cause of people's economic austerity. These people just don't get it. And Cenk's right, brace for impact, but what he does not even realize, the entire economy has the prospect to go bust, literally, food prices sky-rocketing, gas prices sky-rocketing, worth of the dollar drops like a stone. And all we will have left will be the clothes on our back, and the things we bought with credit cards that will have no value left for us to do anything financially beneficial.

  8. liberals: why are wages stagnant
    also liberals: double the labour-force by pushing women into the workplace

    also liberals: I don't understand

  9. At the end of the day people just are not making enough money to cover the american dream. It is not rocket science.

  10. Yes! The USA bubble has to collapse. The money supply was increased by an average of 6% under Obama since the GFC and by 9% under Trump in his first year.
    No Nation can do that. No individual can do that.
    Borrow over 6% of what they earn every year for a decade and spend it on living expenses.
    OK if you put it into something that earns money.
    Not to live on.
    Trump is all bull and Obama was all bull and Hillary was all bull.
    The sad part is virtually none of this money went into increasing productive capacity.
    More jobs yes. More jobs importing goods and transporting goods and selling imported goods. Thats the main part of the growth.
    Trump understands but he is stupid enough to think he can fix it with Trade Wars.
    How the hell his increased Defense spending helps is beyond me also.
    It is a time to tighten the belt in all non essential areas.
    Invest for the future. Infrastructure that improves efficiency. Education that enables people to contribute in the areas the USA can compete.
    Glad I do not live in the USA.

  11. It's not Trumps economy. It's the inherintance of Obama's 20 trillion debt bomb that will explode. Trump is the scapegoat who will take the blame for what was inevitable. In 2008 the federal reserve could print its way out of the crisis. In 2018 there is no solution and there will be bank runs around the globe. And believe me, morons like Ana Kasparian are going to point to Trump when the whole house of cards comes down

  12. The woman is being feed by FALSE INFORMATION..And always remember, media is the voice of both the TRUE and FALSE INFORMATIONS..

  13. One who hurts others would end up hurting himself very simple cause and effect. There is no upper hand or winning leverages.

  14. If I had it to do over again, I wouldn't go to college again. I came out with 50K in debt and worked a minimum wage job. The payment for the loan ate up 3/4 of my pay each month. I paid it down by half then got laid off. The fees have brought it back up to 50K again. Add to that a major surgery and I had a bankruptcy at age 30.

  15. The problem is that Trump started with tarrifs against Europe, China and now all investors money flood USA so they have to raise the interest rates to fight the inflation which punnish poor
    americans. If he just tried to cooperate with the world the economy would be more stabile I think.

  16. To all the people in comments that think this is about Trump in any way, you missed the boat completely. It's our Fiat currency system that is a scam to begin with put in place by the Federal Reserve.

  17. Corporate Tax Rebates are being used to prop up the market by dividend payments and buyback of shares increasing values on which executive and CEO bonuses are based. Ordinary wages are static.

  18. I just paid off my 20,000.00 dollar student loan on July 2018 borrowed in 2003 for a Bachelors degree at a California State University. I never did get a job in the area of study from that college. I ended up working sales type jobs starting in 2004. I already was suffering from knee joint deterioration from over use of steroids used in the 80's to fight Ulcerative Colitis. Both knee joints had to be replaced in 2009/10, and then my back developed a compression fracture that became progressively worse until 2012 where I was forced to retire from working. In 2017 my back is so bad that I can hardly get around. Today I am waiting for a Neurosurgeon to operate on my back. Maybe then I can start my life all over again. I am now 67 years old. Isn't life grand!

  19. Unemployment is not low it has been artificially managed by only hiring people on contract for 6-12 months. When those people finish their contracts unemployment will be high again.

  20. For Washington/New York/LA/etc $400 is just lunch. Sad as that is. If that does not highlight the massive problems in the world, nothing will.

  21. Trump won't be president for all that long…but you're going to feel the symptoms of his leadership for a couple generations at least. Buckle up folks. It's going to be a rocky ride.

  22. In under 50 days America will be seeing what the GOP tax cut actually did for them! Most already know what's coming for the middle class (44k a year) our tax bill will go up so coupled with higher food, housing, healthcare….costs will prove that the middle class has much less then they did under Obama and that the top 10% of earners (CEO, stockbrokers…..) Get a huge tax cut that will be 5 to 7 times the total middle-class income !

  23. There is going to be a huge government shortfall soon, they are not going to have money accept for interest on the loan.

  24. They didn't even bring up the tariffs, which are killing the farm economy. No big deal, you might think, only 1-2% of Americans are farmers. But the farm products we sell overseas makes up a huge amount of our national income. You cannot ruin the farm economy and not have it affect the rest of the economy. It happened in the 80's, it will happen again. We will be in another recession in a couple years.

  25. Poverty is like sex. Other people can explain it to you and you can even watch other people doing it. But in order to really understand and appreciate it you need to experience it for yourself.

  26. The Republican formula: cut taxes, increase military spending, balloon the debt, blame the Democrats. And "entitlements".

  27. Well America is a corporation and so call each person is a slave in this Matrix. So when the fall Hits everything's going to go with it… and deletes will be scaved and untouched. Although evil will not succeed the last victory.

  28. IMPEACH CORRUPT TRUMP REGIME, YES CRIMINAL tRUMP, CLIMATE CHANGE IS REAL , DANGEROUS, & EXTREMELY EXPENSIVE. SEND THE COSTS TO THE OIL COMPANIES. REPEAL THE CRIMINAL REPUBLICONS PARTY WHO SUPPORTS CRIMINAL TRUMP & REGIME

  29. Cenk and Ana. You are gonna sit here the next 6 years and being more negative. This will have a serious negative impact over your general health. You are literally going sick. Give up this job and get a life where you are taking care of your self. And tomorrow you are doing it again. I'm not gonna watch you. Ill take care of my self.

  30. The US an European markets will collapse unexpectedly or very sudden! Lots of folks in Europe an the US will go through trying times!

  31. Okay let's take a break from the "hate Trump" narrative and look at what's behind the impending collapse. Over the decades the Fed has been pumping money into the economy through what is called qualitative easing in other words "fake economic growth" making it seem like the economy is doing fine. Companies and consumers were borrowing like crazy, well, the time of reckoning is here and it's time to pay the piper.

    Trump brought true economic growth therefore exposing how the feds were artificially propping up the economy with their "cheap money". Now there is too much of it out there and the fed is in a panic to pull back as much money as it can to a avoid inflation. High interest rates make it expensive to borrow money and even more expensive to pay it back. Eventually you have to pay back the money and that's when shit hits the fan when you can't. So many companies are now over their heads with debt that can't be paid and they are falling apart. Latest example is GE.

  32. This has nothing to do with trumps economy and all this other nonsense.the federal reserve system is what’s causing dept,because we don’t have real money,like gold and silver,in order to stabilize the economy we have too dismantle the federal reserve system,period!

  33. What this loser fails to realize, is that debt increased because of Obummer. The recovery is enabling people to survive with the debt load that they have been carrying all along. Keeping interest rates down, is what the Fed did in order to prop up Obummer's failing economy.

  34. If you believe these dingbats you’re part of the problem

    I can’t wait to watch her on election night 2020 when Trump wins again in another landslide

  35. and just like with the gov shut down he backed himself into a corner with no way out for taking credit for obamas economy early on when his actions didn't effect the economy yet. He walked into his own trap. he cant blame Obama now.

  36. I agree that the Feds are screwing us over and we commonly refer to this Pres. economy or that Pres. economy. But Pres Trump is dealing with many years of past incredible overspending that no president at this point can do much other than to stall it for a while but the inevitable is going to happen no matter what.

  37. When we crash, maybe we will be able to get our "hands" or "boots" on them. $1300 monthly with $525 monthly mortgage; utilities, insurance and food and no reserve funds for emergencies…goddamn the government, you f-ing bastards, all of you.

  38. This is NOW the END TIMES. This is all layer out already. It doesn't surprise Real Born again Christians. The Rapture of the Church is not going to experience this. This is the effect of the Fall of Mankind since Adam and Eve. Be ready

  39. I went to Walmart today and I couldn't believe the amount of white people homeless I saw. Trump is really hurting his own people

  40. What an absolute crock of shit. Young Turks are an embarrassment and so are all the liberal idiots posting there ludicrous views on this video 🤣🤣🤣

  41. Trump borrowed and spent two trillion dollars without any concrete achievement so what he filed bankruptcy 6 times this will be the 7th and taking all USA citizens down together

  42. As a retiree with a lot of extra time, I went to see a group of famous economists talk about the economy today. I mean, why not? It’s very cold air conditioning, free coffee and lunch, and it’s a break from learning stuff that I am never going to use. All of these eggheads said about the same thing: The economy is still growing, unemployment is down again, wages, investment, and spending are all up, and the fed is not planning on raising interest rates any time soon because inflation has stayed below 2%, BUT the economy is in a maturing part of its cycle, meaning that industry and housing are slowing things down. Because of the nature of capitalism, the economy will adjust and adapt, it’s just time to lower risk to about 50% of what I had. When Trump took over, I moved everything into high yield bonds and the rest is history. I asked if Trumps tariffs would do anything and they said that foreign trade was only 5%-10% of our GDP, so no. What Anna was talking about was a year ago, maybe it was true back then but, you know… MAGA! 🇺🇸Trump 2020🇺🇸 😎

  43. One year later …now …we at new high. And we would see new high by year end. Why selling bad crashing news?

  44. this channel is so AOC lol lieing sacks of shit
    should be boycotted for supporting the burning of are USA flag…makes them sick pos.

  45. The gentrification of America can't continue as it is. Property owners are "renovating" there properties and are pricing people out who were there for years.

  46. As an investor, this isn't a recession, this is a currency crisis, and we owe it all to Trumptards and their right wing populism.

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