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economic justice | legacies

Friday March 20, 2020 SPECIAL REPORT: The Obama Bubble


Trump called the stock market, under the Obama administration, a "Big Fat Ugly Bubble" while he was a presidential candidate.

Now the stock market is just about where it was, back in 2016 when he was a candidate running for president, when he called it a "bubble".

Trump's hyper-bubble "Great stock market!!11!!!" has popped.

But the "Big Fat Ugly Bubble" of Obama's administration _remains_.

the vastly overvalued stock market could drop as low as 6,000 (or lower) given this environment of debt, debt leveraging, the Hot Air from Federal Reserve money printing and buying out of Corporate Debt, daily-weekly overnight repo bailouts, and buying up the bond market yield curve.


In 2015 I said this.. No matter the negative economic news or weak corporate earnings, stock markets continue to reach news highs and mainstream media pundits tow the party line. But how is this possible, given that tens of millions are out of the workforce, on food stamps and completely broke? The answer, according to Gregory Mannarino, is quite simple. The world's central banks and governments have been left with no other option. They are throwing absolutely everything they can at the problem in an effort to keep the system propped up for as long as possible. But as Mannarino notes in his recent interview with Greg Hunter's USA Watchdog, it's nothing more than a setup that will leave most of the world's population, especially the middle class in first-world countries, totally wiped out and impoverished. The end result will be nothing short of widespread civil unrest, violence and bloodshed as people begin to realize they have nothing left and have no ability to acquire even the most basic of essential resources.

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