Uh oh! U.S. Economy Going from Bad to Worse

Truth and Liberty Blog | December 21, 2018

Exactly one month ago today TLB reported that economic pessimism was beginning to take hold and that inflated stock market values appeared to be poised to come back down to earth.

The article also stated:

According to a recent CNBC survey of Chief Financial Officers the Dow is expected to fall below 23,000. This would mean at least another 5.98 percent loss from today or 14.66 percent since the all-time high.

As of yesterday this prediction has officially come to pass. As of right now the Dow is trading at 22,708.56:

The dow hit its all time high of 26,951.81 in early October. In other words, in just a few short weeks the Dow has dropped by 4,243 points or almost 16 percent.

ZeroHedge is reporting that as of today 93 percent of all assets are trading in the red for the year. If this trend continues it would make 2018 the worst year on record in this regard – including the years of The Great Depression.

Sam Stovall, chief investment strategist at CFRA Research, told CNN Business,

Equity markets are quickly approaching the capitulation phase after having broken below critical support.

Michael Snyder of The Economic Collapse Blog translates:

…the bulls are on the verge of surrendering to the bears, and if that happens we could see a tremendous amount of chaos break loose on Wall Street.

Synder continues,

And the damage that has already been done has been extraordinary. At this point firms listed on the S&P 500 have seen 2.39 trillion dollars in market cap wiped out, and a grand total of 16.7 trillion dollars in stock market wealth has been wiped out globally.

Despite dropping share values and an overall chaotic economic environment the Federal Reserve – a private corporation controlled by foreign bankers – announced another rate hike of .25 percent Wednesday. Again from ZeroHedge,

…evidence continues to mount that the U.S. economy is slowing down, and everyone knows that raising interest rates tends to depress economic activity. So it would seem that it would not be logical for the Federal Reserve to raise interest rates at this time.

Economist Stephen Moore went a step further when he told Fox Business – before the rate hike took place – they [the people at the Fed] should all be fired for economic malpractice if they proceed with the increase.

If there was any remaining doubt that the Federal Reserve is politicizing / weaponizing their control of the monetary system it has now been dispelled. The foreign bankers who control the Fed are globalists and care more about their burgeoning New World Order than they do about the short to medium range health of the American economy.

The globalists are bent on destroying the populist / nationalist movement that is breaking out across Europe, South America and all over the planet. In truth America must be eliminated if the long-planned Luciferian One World government is ever to come to full power.

Of course when the collapse does take place the corporate presstitutes will say that President Trump’s economic policies are to blame when in fact the deep state and the globalists orchestrated the whole thing to bring POTUS Trump and the America he stands for to our collective knees.

Originally Published HERE