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The real danger is this has been a giant fraud to further the goals of Climate Change which is why oil has collapsed. They will no doubt try this again come September/October

Posted by Richard640 @ 13:15 on April 17, 2020  

US Share Market – Is it Over?

FRIDAY, 17 APRIL 2020 BY: MARTY ARMSTRONG

 

Many people are getting excited assuming this will be a V-Bottom and here we go. Just because Trump is pushing to get the economy going, the damage inflicted by the socialists cheered by their press is far more serious than anyone dares to even contemplate. I realize that Trump has stated that the market will make new highs and the economy will come back stronger than ever. Sorry to say, while we will see new highs in the US share market, that is not right now and it will NOT be on the back of a new robust economic boom. It will be because Europe is absolutely imploding.

The Head of France, Macron, has come out and warned that the “EU will fail without financial transfers” which is a direct assault against the Netherlands and Germany. He has further warned that otherwise, the Union remains a purely economic project and cannot be a political player.  Macron realizes that Europe cannot survive. The ploy to try to keep debts in check and austerity will not work and he is demanding the excess money of the Netherlands and Germany be sent to other states as welfare checks. But then what? The system is unsustainable and even if the Netherlands and Germany agreed, their surpluses will quickly prove to be futile. Capital will flee Europe for there remains a risk that they will impose capital controls. That capital will flee to US equities as confidence in government debts suddenly declines dramatically.

One reader asked:

I understand and agree with the various conclusions in the private blog posted this morning, namely, that there will be no V-shaped recovery, that there’s been a serious underestimation of the damage from the lockdown, that Gates and Fauci have caused severe damage to the nation, that Socrates does not agree with POTUS that the economy will be bigger and stronger, that Americans have suffered profound psychological damage, that we should expect prolonged damage to the economy with sustained unemployment due to the Draconian lockdown, etc. If, however, a vaccine were found today, or much sooner than expected, could/would Socrates’ forecasts be different and/or brighter than as stated in this morning’s private blog?
Best regards,
EGM
 
 
The answer is no because such a vaccine would be good for this version alone. Every year the flu vaccine is altered based upon the cycle they anticipate the virus will mutate to. There is no single vaccine that would cure the world permanently and then the virus will mutate to compensate. The real danger is this has been a giant fraud to further the goals of Climate Change which is why oil has collapsed. They will no doubt try this again come September/October and they will pump-up the same script in hopes of undermining Trump. They will then claim he opened the economy so this is why it is back. That will be the headlines of the New York Times and others.

Resistance remains at the 24700 level on a closing basis for this week. There remains a risk that this week can still produce a temporary high.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.