Thread

It's bizarre to realize that as a layman, I know more about the world than Chris Wallace @FoxNewsSunday.

Watch how Wallace asks a series of totally uninformed questions with no core goal except to criticize EVERYTHING about @realDonaldTrump.

First of all, Wallace has zero understanding of the economy.

This situation is unique. It wasn't caused by ANY ECONOMIC TREND.

For that reason, the gore crows screeching about depression are talking out of their butts.

Recessions are caused by the people running businesses.

They overextend themselves, hiring tons of workers, and then they realize that they can't sustain their current model.

So they contract. They lay off workers, and consumer confidence falls.

When consumer confidence falls, people stop buying things, and businesses contract even more.

Things stabilize when company owners regain their senses and rebuild.

Recessions are caused by FUNDAMENTAL PROBLEMS in the economy that must be corrected.

When we put the economy into hibernation, it had no fundamental problems.

What about depressions?

A depression is an extended recession that goes on for years. The longer it goes on, the worse it gets.

The American depression of 1807 to 1814 was caused by President Thomas Jefferson putting an embargo on goods sold to Europe.

This was to prevent the US from being drawn into the Napoleonic Wars.

The depression of 1815 to 1821 was caused by land speculation.

Banks got nervous and called in their loans, and a huge number of buyers defaulted.

KABOOM!

Chris Wallace was quoting "experts" in his shrewish nagging of @stevenmnuchin1.

Well GUESS WHAT?

Economic "experts" DON'T EVEN KNOW WHAT CAUSED THE GREAT DEPRESSION OF 1929 TO 1939.

These are the only contributors to the Great Depression that MOST "experts" agree on:

The stock market crash of 1929.

Banking panics and monetary contraction.

The gold standard.

Decreased international lending and tariffs.

The gold standard caused gold to flood into the US from foreign countries. The plentiful gold devalued the currency rates of foreign counties, so their banks raised interest rates, which reduced output and prices and increased unemployment worldwide.

NONE OF THAT IS RELEVANT TODAY.

And.

Economists have always said that thew worse the recession, the stronger the rebound.

Except for...when Obama was president. He slowed the rebound like never before.

But Chris Wallace's goal is to desperately scratch at Trump like a woman scorned.

This is what actually happened in that interview with Mnuchin.

"You're not spending enough! You're spending too much!"

Wallace is off his rocker.

And he's butt-ignorant about the economy.

Screw the "experts." There's aren't any.

Look what I just found. A Chinese time traveler.

That soldier on the left is wearing an American by-God M1 steel helmet, adopted in 1941.

The photo was taken in 1913. No doubt whatsoever. It's got German naval officers whose uniforms are correct from the period.

The only difference is the brim.

Watch a flood of "experts" bombard me with duh.

What we're seeing is ignoramuses like Chris Wallace opining on things that THEY KNOW NOTHING ABOUT and denying that Trump is a total expert on the subject.

Wallace knows less about life than @BryanCranston does.

Two rich, ungrateful bastards who hate us, the peons.

Well, Donald John Trump views NOBODY as a peon.

He put the economy in hibernation in order to save it. A medically induced coma.

When the economy wakes up, it'll hit the ground running.

You know what?

Because people who RUN businesses will have seen that they can handle the worst thing that ever happened to them.

And they've made government partnerships. It's not an adversarial relationship, the way leftists want it to be.

Leftism is a STUPID ideology. It's based on filtering out reality.

What leftists do is create fake enemies and then fight them.

So Trump has simply bypassed this demented conflict.

Trump's enemies are soldiers with no weapons.

And for that reason, all is well.

Carry on.

END