Talk about trying to have your cake and eating it too! President Trump gave his much anticipated speech before the Economic Club of New York and while his comments were relatively muted, he did have to mention his discontent with the Federal Reserve and his desire for negative interest rates here in the USA. How does one have the greatest economy of all-time and then also need the “assistance” of the perverted and fraudulent policy of negative interest rates? It does not make sense. Negative interest rates are another form of theft. Just like inflation and taxation. Ironically, at the end of the speech, the President reiterated that as long as he is the President, the USA will never be a socialist nation. Too late. Then why would the President call on the Fed to adopt the monetary policy of the EU, which is basically comprised of socialists? None of this makes sense. That is, until you understand that President Trump is attempting to lay the blame for any coming economic and/or stock market downturn at the feet of the Fed. He will also likely continue to blame the Democrats for their “endless” investigations and perhaps even China for not making a deal. Trade was a talking point during the speech and the President noted that tariffs will go up significantly if there is not a Phase 1 trade deal. Of course it was only a month ago when we were told that a Phase 1 deal was agreed and some finer points needed ironed out and then there would be a signing ceremony. Has not happened. And it does not appear that it’s going to happen anytime soon.
On another front, yet still related, the Hong Kong protests continue. These protests are starting to take place during the weekday(s) shutting down commerce and becoming more violent. How much further can this continue without putting Hong Kong into recession and into quasi-political chaos, and and when will China get involved? If China gets involved, can Trump sign a deal?
Lastly, the public hearings for the impeachment inquiry are slated to start tomorrow. Keep an open mind and let the facts fall where they may. We must put aside the hyper-partisanship that exists and seek the truth and justice – no matter who may be implicated. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Recession #Impeachment #Truth #Justice #Peace #Politics #Protests #HongKong