Friday, August 24, 2018

Impeach Trump and Markets Could Crash

Before Trump's election the Democrats were warning that IF Trump was elected the stock markets would crash.

Clearly they were dead wrong.  The stock market has now entered record territory with the longest, continuous bull market in US history.

Now here is what President Trump said yesterday;

“I don't know how you can impeach somebody who has done a great job,” Mr Trump told Fox News. “I will tell you what, if I ever got impeached, I think the market would crash. I think everybody would be very poor because, without this thinking, you would see – you would see numbers that you wouldn't believe, in reverse.”

Mr Trump’s comments came after Michael Cohen, his long-time legal “fixer”, pleaded guilty to eight criminal charges, including two counts of campaign finance violations, which he said he committed at the direction of the president. 

Cohen admitted paying hush money to adult film actress Stormy Daniels and former Playboy model Karen McDougal, both alleged to have had extramarital affairs with Mr Trump.

https://www.independent.co.uk/news/world/americas/trump-impeachment-michael-cohen-us-president-payments-stormy-daniels-congress-midterms-2018-a8505751.html?amp

As prophecy watchers we KNOW that one day the US financial system will collapse.  Most likely it will start with a huge correction in the stock market.  But the chaos will really accelerate when the crisis spills into the bond markets.

The US bond markets are massive in comparison to the stock markets.

"This Treasury Bill is based on the full faith and confidence of the US Government."

How is that faith and confidence thing working out for Venezuela, Greece and Turkey?

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