Posted on 07/26/2019 7:32:44 AM PDT by ChicagoConservative27
Earlier this week Sen. Elizabeth Warren said that an economic crash is right around the corner. She’s right. But it’s her own plan that would bring about the collapse she’s predicting.
Warren says that she sees all the signs of a “coming economic crash” that she — and she alone, apparently — saw before the 2008 financial crisis.
Let’s leave aside the dubiousness of Warren’s self-proclaimed economic forecasting abilities, and the fact that Democrats have been predicting an economic calamity since November 2016.
Here’s her central point:
“The country’s economic foundation is fragile. A single shock could bring it all down,” she proclaimed. To emphasize the point, she made it again. “With a vulnerable economy, we should be reducing the odds of potential shocks that could push us into a downturn
(Excerpt) Read more at issuesinsights.com ...
Liz don’t forget Cats & Dogs living together, Sky’s going to fall, Socks won’t match, Goldfish will die...….
During the 2000 election the media accused W of trying to talk down the economy. Will they do the same to Lieawatha?
Democrats know the only way to eliminate orange man is a depression. Dhims will collude with the fed to engineer an economic collapse next summer. They are going scorched earth and any amount of collateral damage is justified to bring down orange man (because he is bad)
Like all her Democrat ilk, she believes the biggest threat to the economy is capitalism. The solution is to put everyone out of work and on the government dime.
Indian giver.
His book "Anti-fragile" discusses the need to make systems resilient against unexpected impacts (The economy/stock market in 2007 was very fragile -- it didn't take much to make it fall apart).
On the face of it, Warren might support changes that would increase resiliency.
But another Taleb book, "Skin in the Game" makes the case that the best way to be Anti-fragile is to make sure the decision makers pay the price when they are wrong. Current systems mostly allow Big Shots to profit when they are right and avoid responsibility when they are wrong. This just breeds risky behavior: lots of upside and -- for the decision-makers -- no downside at all.
Warren's entire elitist approach is the problem. She has no skin in the game. She's protected from her own stupidity.
Who you gonna believe?
The Gray Beaver bitch from Massachuttes or the S&P 500 index?
Predicts = Prays for.
Warren is so schitzo on this. She warns that skyrocketing debt is going to cause a crash (I agree) but her solution is to increase spending.
This is the MO of ‘Rats under any issue...
Cause the problem, for which you have the “solution”. All the while, that “solution” is part and parcel of your agenda.
“her solution is to increase spending.”
She probably thinks that MMT (modern monetary theory) is the way to go.
Then why preach the apocalypse of excessive debt in the first place?
Will to power.
I predict the world will end next Wednesday.
I predict the world will end two Wednesdays from now.
I predict the world will end three Wednesdays from now.
I predict... hey, I’ll be right one of these days.
Democrats are praying for an economic collapse... George Soros and other corrupt ‘elites’ will do their part to make it happen. They don't give a damn about the country - just about their own power.
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