RE: Any Steemit conspiracy theorists think the market crash was a false flag to hurt Trump?
Well, the first line of your comment did include the phrase "to the detriment of America’s economic well being," and since the only thing that went down recently was the American stock market (followed by declines on the stock markets of other countries), it's hard to understand your reply.
A lot of people (market experts) are still struggling trying to determine the causes of the decline. For all the theories out there, it could be something simple: everyone knew the market was getting oversold with so many stocks having price-to-earnings ratios above their historic highs. And it just took a slight nudge for people to say, "okay, I'm cashing out while I can." If there are far more sellers in the market than buyers, prices drop. That's just simple "supply and demand" theory from Econ 101. And the "nudge" could have been the sudden uptick on the 10 year Treasury note with a possible early sign of inflation (from a report on wages). Compound that with the fact that a new Fed chairman just came in, and no one will know what the heck his policies are until he gives his first speech near the end of the month. Does he think it more important to fight deflation? Or does he fear inflation more? It makes sense that the herd could get spooked and stampede.
I generally don't embrace conspiracy theories. They are usually concocted by people who don't understand, but want to pretend they understand. Like Alex Jones. He's just a big bag of wind.
As for the Fed, it does a lot of good, too. We can disagree with some things, but overall, it's managed to pull us out of the Great Recession on monetary policy alone ... no small trick, considering the fact that fiscal policy was nonexistent because of a Congress that has been asleep at the switch. Better to play politics like football team rivalries than discuss individual policies and laws on their merits! LOL
I can see now why you may have inferred that. I knew in my mind that the attack on Trump would ceaselessly continue, if not even be bolstered by the drop in the market.
I had this inner dialogue, it in part made its way to the screen while typing, and deep in thought about his reference to: "the lowest recorded level ever of black unemployment" to which the CBC responded to with cold faced-emptiness. His critics seem to want him out, even when it’s to the detriment of America’s economic well being.
The coordinated effort, and lack of respect that this president has been given is for the most part, unprecedented. As far as the market is concerned, in my mind it’s always been a fiat currency propping up a house of cards. Our go-to trick move, when facing the threat of losing market dominance, is to kill a foreign leader, bomb his country and reestablish their dependence on the petrodollar.
The slavery that the central bank has this country in is quite the predicament. There’s not enough money in circulation to cover the debt because the entire system is based on hyperinflation. Therefore in order to clear the balance sheet. We’d have to borrow from the fed money that hasn’t been printed yet, in order to pay them back, and that would simply put us in further debt to the fed.
I don’t know if any of this resonated, but if it did, maybe you’d be interested in this or this. Good chat, it will be interesting if we can ever find out with certainty.