Stock Market Genius Warns Americans About False Hope With US Economy (Video)
Voice of Reason
In recent weeks since Donald Trump was announced victorious in his bid for the White House, the general sentiment among a growing number ordinary Americans across country has shifted to the idea that Mr. Trump can somehow turn around the derelict vessel otherwise known as the U.S. economy, and prevent it from sinking.
With daily sound bites covering how the “Post-Election Trump Bounce” has yielded a rise in the Dow by more than 1,200 points since Trump’s historic win, the announcement of Softbank investing $50 billion dollars and creating 50,000 new jobs in the United States, or the announcement of how the U.S. Dollar index is now at its highest levels since March of 2003, it’s hard to imagine why people wouldn’t be hopeful, right?
In the first video below I am joined by Bob Kudla, a financial expert otherwise known as the Trade Genius from www.tradegenius.co. Bob joins me for an interview to discuss concerns over how many Americans have suddenly slowed or stopped preparing for the looming global economic reset based on a false narrative being pushed by the media. If the sound bites like the ones mentioned above were the only information to report on the U.S. economy, perhaps Americans’ optimism would be justified.
“One
of the things that we have learned over the course of the last seven
and a half years is that government plays a vital role, but it is every
citizen’s responsibility to be prepared for a disaster. And that means
taking proactive steps, like having an evacuation plan, having a fully
stocked disaster supply kit. If your local authorities ask you to
evacuate, you have to do it. DO NOT WAIT!”
After the interview with Bob Kudla, the stock market expert also known as the Trade Genius from www.tradegenius.co,
this post also reviews the scary statistics about the sudden drop in
Americans who are no longer preparing for disaster, as well as a video
detailing several facts about the economy the media isn’t reporting, but
ones that all Americans deserve to know so that they can make the best
decisions moving forward…
Is the prepper movement in the United States dying? At
one time it was estimated that there were 3 million preppers in the
United States, but in late 2016 interest in prepping has hit a
multi-year low. The big reason for this, of course, is that the
election of Donald Trump has fueled a tremendous wave of optimism among
those that consider themselves to be conservatives, patriots and
evangelical Christians. Not since the election of Ronald
Reagan has the mood on the right shifted in such a positive direction so
suddenly. But now that everyone is feeling so good about things, very
few people still seem interested in prepping for hard times ahead. In
fact, it is like a nuclear bomb went off in the prepping community.
As the publisher of The Economic Collapse Blog, I am in contact with a lot of people that serve the prepping community. And I can tell you that sales of emergency food and supplies have been crashing since Donald Trump’s surprise election victory.
Firms that help people relocate outside of the United States have seen
business really dry up, and I know of one high profile individual that
has actually decided to move back to the country after Trump’s victory.
It is almost as if the apocalypse has been canceled and the future
history of the U.S. has been rewritten with a much happier ending.
Personally,
I am quite alarmed that so many people are suddenly letting their guard
down, but it is difficult to convince people to be vigilant when things
seem to be going so well. Just consider some of the things that have
been happening in recent weeks…
-Donald Trump was just named Time Magazine’s Person of the Year.
-The Dow just keeps setting brand new record high after brand new record high. In fact, the Dow has now risen by more than 1,200 points since Donald Trump won the election.
-The Russell 2000 has shot up an astounding 13 percent just since Trump’s victory.
-Donald Trump has convinced heating, ventilation and air conditioning giant Carrier to keep about 1,000 jobs in the United States instead of shipping them to Mexico.
-Donald Trump has convinced SoftBank to invest 50 billion dollars and create 50,000 new jobs in the United States.
-The U.S. dollar index recently hit the highest level that we have witnessed since March 2003.
-We just learned that U.S. Steel wants to bring back somewhere around 10,000 jobs to communities that lost them.
At this point
there is an overwhelming belief among those on the right that Donald
Trump is going to be able to do what he has promised to do.
And the numbers back this up. In a previous article,
I discussed the fact that a recent Gallup survey discovered that the
percentage of Republicans that believe that the U.S. economy is “getting
better” increased from just 16 percent immediately prior to the election to 49 percent immediately after the election.
I
don’t recall ever seeing such a shift in public sentiment in just a few
days. Tens of millions of Americans have put their faith in Donald
Trump, and time will tell if he will be able to deliver. As billionaire
Mark Cuban recently pointed out, Donald Trump is like a number one draft pick that has not proven himself yet…
“I’ll analogize
it to the NBA draft: He’s the No. 1 pick,” Cuban said. “He’s who we put
our hopes and dreams with, and we’re going to believe in him. Right now
it’s a little bit easier because we haven’t played a game yet.”
“There’s no
reason to rush to judgment or come to any conclusions now,” he
continued. “Let’s see what happens starting January 21 and go from
there. I hope he’s a superstar, and I hope everything turns out the way
we all hope it will. But until January 21, there’s no real point at
going into detail.”
Let us hope that President Trump will be everything that people are hoping that he will be.
I would love it
if 2017 is a year filled with peace and prosperity. That way I could
write less about our economic troubles and instead do more of the
positive stories that I have been sharing lately. And my wife and I could take some time off and just spend some time enjoying our quiet life up here in the mountains.
I don’t think that is the way it is going to go, but I do hope that the optimists are right. At this point I could start listing out all of the reasons why our economy is doomed no matter who is president, but unless you are already convinced all of that reasoning would probably fall on deaf ears.
“It
seems by looking on the surface of equity markets, all is well. Under
the hood not so much. Equities have rallied since the election in what
they’re calling a “Trump bounce,” and the general sentiment among people
has shifted to a thought process that Mr. Trump can turn the ship
around.”
“As
I wrote a week or two back, I don’t believe anyone can “fix” what is
wrong. The best Mr. Trump can do is preside over the bankruptcy of the
United States with some form of rule of law and fairness.”
Optimism and hope are good
things without a doubt, assuming they are based on factual information
or truth. When they are based on lies, and families have let their guard
down believing those lies, those families could be hurt (or worse), as a
result.