Last week’s job report got this tweet from President Trump:
Excellent Jobs Numbers Just released—and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!
At first glance, this is embarrassing. Whenever I see a release of the jobs report, I wait a few minutes or hours to read the analysis. Then, I get the real news. Sure enough, here’s what I read shortly after the July report: [“…in July 393,000 part-time jobs were added, offset by a drop of 54,000 full-time workers…209k jobs added…” ZeroHedge], [Only Employment Gains In The Past Year: Those With A High School Diploma Or Lower] and [Where The Jobs Were: Waiters And Bartenders Topped The List].
So this is an “excellent” report? It’s not just the president who thinks so. Breitbart joined in the celebration: [We Did It! America Created 1 Million Jobs In Trump’s First Six Months]. (They did not report Obama’s last six months, by comparison.)
During the presidential campaign season, candidate Trump called the jobs reports “fake.” [See: 19 times Trump called jobs numbers “fake” before they made him look good, Washington Post.] During the 2016 campaign, candidate Trump said the stock market was “a big bubble” fueled by the Federal Reserve’s low interest rates. In August of 2016, Trump did not see the stock market as a sound place to put money. [See: Donald Trump on the stock market: “It’s all a big bubble,” CNBC.] Fast-forward one year, and President Trump sees the same phony government jobs accounting as confirmation of his success and the bigger market bubble is a beautiful thing.
Is President Trump stupid? Is he a hypocrite? Is he managing emotions? Is he master-planning the next collapse? Let’s deal with each of these questions.
Is President Trump stupid?
No. This should be clear. To win the campaign, Trump spent $600 million while Hillary spent $1.2 billion. Who’s the stupid one?
During one of the campaign debates, Hillary thought she cornered Trump when she said, “In fact, Donald was one of the people who rooted for the housing crisis. He said back in 2006, ‘Gee, I hope it does collapse because then I can go in and buy some (real estate) and make some money…” To which, she was trumped when Donald said, “That’s called business, by the way.”
Let’s not move too fast. President Trump wouldn’t be worth billions if he was stupid. His career was “buying low and selling high.” He understands the Federal Reserve creates bubbles through artificially low interest rates and then blows up the economy, creating crashes, when interest rates rise. Trump understands this economic reality. He knows it applies to both real estate and the stock market.
Is President Trump A Hypocrite?
In his comments about the July jobs report, Episode 273, Peter Schiff asked, “Does Trump realize these numbers are b.s.?” Schiff titled his commentary, [“Trump Hypocrisy on Jobs Raises Concerns.”] Schiff points out even 209,000 “fake” jobs are not an exceptionally good number.
CNN reports Trump’s first six months have added a total of 1,074,000 jobs, while Obama’s last six months of jobs were 1,084,000. [See: How Trump compares with Obama so far on jobs.] If it is not clear to you business cycles trump presidential policies, read this; [Do Presidents Create Economic Growth?].
I don’t see the jobs report or the market as validation of Trump’s success. [See: Trump’s Mistake In Taking Ownership Of The Stock Market Bubble, Ron Paul Liberty Report.] I think Trump knows these first six months are an illusion. But, I’m not ready to say he is a hypocrite. (Keep reading.)
Is President Trump Managing Emotions
Jim Sinclair coined the term, “Management of Perspective Economics,” (MOPE). The government, Federal Reserve, financial institutions and the media are attempting to manage our emotions in order to support a stagnating and gasping economy. Why would they use fake financial news to mislead us? What could possibly motivate them to convince us to invest in the most expensive market ever? Why do they want us to believe there is a recovery? Why would President Trump want us to believe we are accelerating toward making America great again, when we’re not?
If you don’t know the answers to the above questions, I’d encourage you to figure it out. You can begin your research by skimming John Williams’ site, [Shadow Government Statistics]. For the purposes of this article, understand smart people try to produce positive economic outcomes by twisting statistics and news in order to stimulate economic activity. They try to get consumers to consume, buying by increasing personal debt. They want discretionary money to go into the stock market. This isn’t about what is best for us; it’s about what is best for them. This emotional manipulation works…until it doesn’t.
Is President Trump Master-Planning The Next Collapse?
This is fascinating speculation, presented here: [The Entire Economic System Is Based On An Illusion Which Will Shatter, X22Report.] This theory assumes President Trump knows these bubbles (stocks, bonds, real estate and the dollar) are going to pop. He is working fervently to prepare America for this transition. Those supporting this view think Trump entered his term knowing he was going to fight the deep state, the bubble creators. So Trump, they say, is supporting the current bubbles to “buy time,” while secretly working to implement policies which will help us recover after the upcoming crash. When these bubbles pop, we will learn whether this view is right. Will Trump be able to effectively shift the blame away from him and to a targeted culprit (North Korea? Democrats? The Federal Reserve? An impotent Congress? Etc.)? Will he be able to use a crisis to lead us to a smaller government; or will he follow the lead of the deep state and grow the government?
It is too early to know why President Trump is the economic opposite of candidate Trump. More importantly: don’t buy the con. Compared to company earnings, this is the most expensive U.S. stock market ever [click here]. At the current interest rates, this is the most expensive bond market ever [click here]. Most of the 2007 hot U.S. real estate markets are now higher in price [click here], having inflated into bubble territory. Globally, all major currencies are in bubble phases. Globally, government, corporate, and consumer debt are maxed out.
We are living with an economic storm of biblical proportions. The first wave hit in 2008 (2007, really). We’ve been in the eye of the storm. Never imagined global money printing has created the calm illusion. The second wave is coming soon. Much like a weather forecaster, no one knows when it will hit. But we can see it on the radar. Hopefully, readers of Conservinator are prepared.
“Dollar” Bill is a real guy, with real knowledge on our nation’s financial calamity, and real solutions for what must be done to dig ourselves out of the hole we are in. Due to his career, Bill must remain “disguised” to protect his position. “Bill” loves America, sees the impending cliff we are all headed towards, and hopes that by sharing his inside knowledge of the failed monetary policy in our nation, that a fiscal “nuclear” event can be minimized.