Tuesday, June 9, 2020

Is Wall Street being manipulated?

I’m not the only one who feels that the American stock market behavior appears totally disconnected with our country’s terrible economic condition.

At the source of all that, is Donald Trump’s reelection in November. Based on past presidential elections, Trump is convinced that the state of the economy is voters’ number one concern.

This might have been true historically, but with the confluence of Covid-19 and the Black Lives Matter movement, the focus is now shifting very fast in another direction.
So with the help of Steven Mnuchin, his Secretary of the Treasury and a former Goldman Sachs executive, the president he pulling on all the strings he can to influence

Wall Street numbers, including manipulating the last unemployment figures that overstated reality by a fat 3 percent. Some have also asserted that Trump and his inner circle appear to be manipulating the stock market for their own personal financial gain.

The same sources believe that this likely or possible insider trading may involve hundreds of millions of dollars, perhaps even billions. The Republican Party, Fox News and the rest of the right-wing media, are helping the embattled president in an effort of all-out propaganda.

They’ve pledged total loyalty to him and are launched like a massive train towards its second-term, so no evidence to the contrary is likely to derail them.

What may deflect Donald Trump’s dream, however, are the second quarter’s economic numbers that are guaranteed to be abysmal, will flatten stock portfolios back to reality and reset the U.S. economy at its the real place...

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