Donald Trump warns of US stock market bubble
Donald Trump (photo by Michael Vadon)
The current front-runner for the Republican nomination for the US presidency claims that there is a ‘bubble’ that is growing in the US stock market because of actions by regulators:
October 15, 2015
Donald Trump, billionaire businessman and presidential poll frontrunner for the Republican Party, said America needs to be alert – the stock market bubble is about to burst, due in large part to the regulatory atmosphere created by the Democratic-supported Dodd-Frank as well as to Federal Reserve manipulation of interest rates.
In an interview with the Hill, Trump also vowed he’d repeal Dodd-Frank, the financial reform package effected in 2010 and praised by Democratic Party hopefuls on the CNN stage of their first televised debate.
“Under Dodd-Frank, the regulators are running the banks,” Trump said, Breitbart reported. “The bankers are petrified of the regulators. And the problem is that the banks aren’t loaning money to people who will create jobs.”
Democrats insist Dodd-Frank controls Wall Street and prevents the economy from collapsing by giving regulators the power they need to exert proper oversight. But Republicans criticize the law as punitive on small businesses, one of the driving forces of America’s economic growth.
Trump said the regulation has done little to stop America’s economy from tanking – and has rather brought about the opposite scenario.
“We have Dodd-Frank and we’re in a bubble right now anyway,” he said. And one example? As Breitbart reported, he pointed to some social media companies that enter the world financial stage with public offerings worth “billions,” before they’ve “even made 10 cents,” Trump said.
Trump also slammed Federal Reserve chief Janet Yellen for artifically suppressing interest rates for political reasons, because President Obama “doesn’t want to have a recession-slash-depression during his administration,” he said. …
He went on …“Look no further than what happened to Wal-Mart today for confirmation we are in the midst of a worldwide recession, if not depression. Their stock fell by 10 [percent], the largest one day loss in their history as a public company. Their stock is down 30 [percent] this year,” the BurningPlatform.com reported. “All economic indicators are flashing red and warning of recession. Retail sales, that account for two thirds of economic activity, are falling. Corporate profits are plunging. Middle class Americans haven’t seen their household income rise since 1989. The last two employment reports were horrific. The number of job layoff announcements by corporations is up 36 [percent] year to date and has already exceeded the total for 2014.” http://www.wnd.com/2015/10/trump-warns-of-stock-market-bubble-burst/#OObZUfRSd8mur655.99
October 14, 2015
Republican presidential front-runner Donald Trump accused Federal Reserve Chairwoman Janet Yellen of keeping interest rates low to prevent President Barack Obama from leaving office under a recession in an interview with the Hill Wednesday. The New York businessman also said the stock market is in another bubble that will soon pop.
“She’s keeping the economy going, barely,” Trump said of Yellen. “The reason they’re keeping the interest rate down is Obama doesn’t want to have a recession-slash-depression during his administration.”
Economists have been watching the Federal Reserve closely in recent months, and expect the agency to raise the interest rate, which has stayed close to zero percent since the 2008 financial crisis. U.S. stocks have risen over the past seven years, but the Fed has explained its low interest rate by citing low inflation and the still uncertain global economy.
“You know who gets hurt the most? People who practice the American dream and did what should have been the right way — the people that went through 40 years of their life and saved a hundred dollars every week [in the bank],” Trump said in the interview. “They worked all their lives to save and now what happens is they’re being forced into an inflated stock market and at some point they’ll get wiped out.”
Trump also took a swipe at the Dodd-Frank Wall Street reform law, saying that it has hurt economic growth in the U.S. and that he would “absolutely” repeal it. http://www.ibtimes.com/donald-trump-says-federal-reserve-keeping-interest-rates-low-protect-obama-2141201
Although ‘bubble’ may or may not be the best analogy, the reality is that federal regulators and the Federal Reserve (which is neither a branch of the US federal government nor does it have real ‘reserves’) have been manipulating financial markets and setting the USA up for disaster.
The US Federal Reserve has tended to try to prop up the US stock markets, basically successfully, for the past couple of decades. It has artificially reduced interest rates by creating money (yes, they basically make it out of thin air, by creating electronic money and issuing US treasury notes as collateral). This is a recipe for disaster–disaster that the Bible does prophesy (Habakkuk 2:6-8).
If US interest rates rise to levels such as seen in the 1980s, the USA would be faced with the situation that just the interest on its debt would exceed all of its tax revenues. It is more than a stock market bubble.
Many potential voters seem to believe that Donald Trump is the best Republican candidate when it comes to the economy. Notice something from a poll in South Carolina:
October 15, 2015
The panel on MSNBC’s “Morning Joe” reacted on Thursday to the latest round of CNN/ORC polls showing Donald Trump dominating the GOP field in key states and on several key issues.
In addition to leading big in Nevada, South Carolina, 67 percent of polled voters also feel Trump is best equipped to handle the economy. The next closest candidate on the issue was Carly Fiorina at 7 percent. http://www.theblaze.com/stories/2015/10/15/watch-msnbc-panels-reaction-to-latest-round-of-polls-showing-donald-trump-dominating-key-states-big-issues/
Others consider that Donald Trump’s economic proposals would be not be successful. Notice two news source headlines:
Donald Trump’s disastrous economic plan
As a businessman, Donald Trump has more practical real world economic experience than most of the candidates for the office of US President. That could, in theory, be an advantage if he were to be elected, despite whatever flaws he or his proposals have.
However, what Donald Trump and others do not realize is that debt was a curse that God warned would come to the disobedient.
While there are physical steps that could be done to vastly attempt to improve the economy of the USA, relatively few of them will be attempted and without national repentance, they will not work for long (though they could delay the ‘day of reckoning’ in a sense consistent with Daniel 4:27).
As far as debt goes, “The United States has the largest debt in the world” (US News & World Report – Jan 28, 2011 http://www.usnews.com/news/articles/2011/01/28/the-10-countries-with-the-most-debt). And the Bible clearly warns that certain disobedient will become an indebted people–and they will be destroyed by people whose language that they do not understand, and that the destruction will be fairly total:
43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52).
7 The rich rules over the poor, And the borrower is servant to the lender. (Proverbs 22:7)
13 And the Lord said, “Because they have forsaken My law which I set before them, and have not obeyed My voice, nor walked according to it, 14 but they have walked according to the dictates of their own hearts…16 I will scatter them also among the Gentiles, whom neither they nor their fathers have known. And I will send a sword after them until I have consumed them.” (Jeremiah 9:13,14a,16)
12 One-third of you shall die of the pestilence, and be consumed with famine in your midst; and one-third shall fall by the sword all around you; and I will scatter another third to all the winds, and I will draw out a sword after them. (Ezekiel 5:12)
Getting in debt is considered to be a curse (see also the YouTube video The Debt Crisis Will Be Worse Than Most Imagine).
The debt situation of the USA is putting it at risk of being unable to recover should it be hit by weather problems, terrorist acts, war, riots, solar flares, severe earthquakes, civil unrest, devastation of their genetically-modified food supplies, food shortages, and/or various pestilences–an intensity of “sorrows” such as Jesus discussed in Matthew 24:4-8 leading up to the time of the Great Tribulation. Disasters such as pestilences, especially if there is an ElectroMagnetic Pulse (emp) attack or a severe solar flare storm, could be part of a so-called “perfect storm” of events that could set the USA for destruction (Daniel 11:39).
Donald Trump cannot prevent this, but he is right that there are major risks and problems with the economy of the USA. The kingdom of God, however, is the answer and that is something he does not realize.
Some items of possibly related interest may include:
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermons Why Teach the Kingdom of God? and The Gospel of the Kingdom.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
When Will the Great Tribulation Begin? 2015, 2016, or 2017? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2014 o 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
Should a Christian Vote? This article gives some of the Biblical rationale on this subject. Would Jesus vote for president/prime minister? Is voting in the Bible? This is a subject Christians need to understand.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? What about WWIV? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse?
Market Collapse then New World Order in 2015? A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? True religion should be based upon the true gospel.
Did The Early Church Teach Millenarianism? Was the millennium (sometimes called chiliasm) taught by early Christians? Who condemned it? Will Jesus literally reign for 1000 years on the earth? Is this time near? A related sermon is titled The Millennium.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.
Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition. This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition.
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