2015-09-16

Wall Street Peaked in 2008

Politico: Wall Street's latest panic: Trump could win
"I don't know anyone who is a Donald Trump supporter. I don’t know anyone who knows anyone who is a Donald Trump supporter. They are like this huge mystery group,” the CEO said. "So it's a combination of shock and bewilderment. No one really knows why this is happening. But my own belief is that the laws of gravity will apply and those who are prepared to run the marathon will benefit when Trump drops out at mile 22. Right now people think Trump is pretty hilarious but the longer it goes on the more frightening it gets."

The latest frightening broadside for the Wall Street class came on Sunday when Trump said on CBS’s “Face the Nation” that executive pay in America is “a complete joke” and promised to raise taxes on “the hedge fund guys.” In a statement sent to POLITICO on Monday from his campaign, Trump relished in the attacks from Wall Street, singling out both Bush and Democratic front-runner Hillary Clinton, another favorite on Wall Street.
Free trade and trade deals that benefit Wall Street at the expense of Main Street are coming to an end, if not with a President Trump, then in the ensuing years.

American economic, monetary and foreign policy have been dominated by the interests of Wall Street for about three decades, since the dollar's link to gold was lifted and the credit fueled economy boomed. As economic power shifted, on the way down are the investment banks, hedge funds, Treasury Department, Federal Reserve, IMF and World Bank. On the way up are manufacturers (in the broadest possible terms to include sectors such as software), Commerce Department, commercial banks, the Pentagon, Transportation and Interior Departments.

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