Why Soros is Betting Against Trump's Recovery Plan

The US economy is by no means facing a “doomsday,” so says Wall Street analyst Charles Ortel, commenting on the reports about the steadily increasing US national debt and trade deficit. According to the analyst, the system could be fixed and President Donald Trump knows how to do it.
by Ekaterina Blinova
The soaring US national debt is triggering concerns among US businessmen and officials, who call it nothing short of the “biggest domestic threat.”
“I think we’re headed over the edge,” Andy Biggs, a conservative Republican congressman told Fox News in mid-June. “Think of it as a waterfall, we’re in the boat, and now we’re almost at the point where we can’t get out of the flow. We’re heading over unless we do something immediately.”
Meanwhile, the Congressional Budget Office (CBO) and the US Office of Government Accountability (GAO) has warned the US Congress that the country’s federal deficit is likely to reach $1 trillion by 2020, adding that the country’s debt-to-GDP ratio may skyrocket to 106 percent within 14 to 22 years.
Admitting that the aforementioned fears are not groundless, Wall Street analyst, investor and investigative journalist Charles Ortel asserted to Sputnik that “doomsday” is nowhere near.
According to the analyst, the Trump team knows how to fix it.
“Compared to other nations, the US position in 2018 is far less precarious, particularly given steps taken since January 20, 2017 and continuing by the Trump Administration,” he stressed.
Ortel explained that the Trump administration inherited challenges that President Obama had failed to address during the eight years of his rule while simultaneously weakening what remained of the US’ international standing, and almost waging a “war on capitalism” itself.
“Yes, Americans need to wean ourselves from borrowing, and yes, we need to introduce fiscal discipline particularly to our slew of federal, state, and local governments that spend more than $6 trillion per year,” Ortel highlighted.
The analyst has drawn attention to the fact that even before Trump’s inauguration, investors showed their support for reversing Obama (and Bush Senior/Bill Clinton/Bush Junior) policies “by bidding prices of most equity securities up substantially.”
“Quickly, investor enthusiasm then proved well founded, as the Trump team tore through and tore up the damaging and ill-conceived regulatory/administrative state, and achieved historic reforms especially including with our cumbersome tax system,” the investor elaborated.
Time to Bring an End to ‘Unregulated Globalism’
According to Ortel, the roots of the current economic problems go deep into the 2000s and the 1990s.
“Since 2001, the United States government has squandered several trillions of dollars on foreign military initiatives, and wasted even more money on ill-conceived domestic spending programs,” the Wall Street analyst explained. “Meanwhile, American private borrowers (households, companies, financial institutions) have changed their attitudes towards debt, becoming far more comfortable maintaining high and increasing levels of debt in an environment where US dollar interest rates declined and still remain low.”
The analyst believes that to get out of the danger zone, the US must disrupt its dangerous adherence to “unregulated globalism,” promoted by neoliberal economists.
He highlighted that “this [globalist] project, begun around 1988, has created an international network of current and former political leaders who seem interested to weaken influence of national governments, while promoting regional and international bureaucracies.”
The scheme was aimed at enriching multinational conglomerates and their political cronies, by no means benefitting the middle and working classes.
Trump’s Opponents Throwing Sand in the President’s Gears
Commenting on the alarm raised by left-leaning MSM regarding the US economic difficulties and the Trump strategy, the analyst remarked that “what the corporate-owned mainstream media should have noticed were [the] origins of our present woes.”
“Root causes include: the internet bubble, the housing bubbles, and the ill-advised decisions by the U.S. central banking system and foreign counterparts to suppress benchmark interest rates since January 1, 2009. Central bank intervention gave the illusion of progress and recovery, when private sector incomes (per person) have not grown since 2001 anywhere near the rates seen during the greatest boom ever (1982 through 1998/9),” he pointed out.
According to the investor, it is quite probable that Trump opponents will use the present economic problems as arguments against Trump and Republican candidates in the looming November 2018 elections.
“Here, I would note that speculators including George Soros and other Trump-haters have reaped billions in profits before betting against governments around the world,” he said. “It would not surprise me at all that many are now betting against Donald Trump’s recovery plan.”
However, “freed from yokes placed on entrepreneurs and job creators by past administrations, Americans are stepping up and building back stronger than ever,” the Wall Street analyst concluded.

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9 thoughts on “Why Soros is Betting Against Trump's Recovery Plan”

  1. And all Trump is doing is trying to justify using a “Dictatorship” government just like Adolf Hitler did…Make NO Mistake…REAL History revealed will Expose the USA adopted Hitler’s strategies when we folded to them via “Operation Paper-clip”, when they shifted more than 20,000 Key Nazis into HERE and various other key locations around the world.
    Trump even voiced to very idea of ruling from a Dictatorship not long ago THIS YEAR!
    They want to control this planet via a “Space Force”??? Like to one portraid in the Movie “Elysium”???

    1. And all your theories are based on whatever the MSM tells you. They are liars and they are MASSIVELY lying to you. Trump is trying to restore freedom and sanity to our country, but obviously you haven’t paid any attention to him. Quit listening to MSM talking heads and go straight to the source – Trump himself. watch his speeches. He is NOT who MSM tells you he is. I’ve watched him since 1981 when he first was in the media. He is a FINANCIAL GENIUS and anyone who thinks otherwise is an idiot. He was one of the first billionaires, has a BA from Wharton School of Business (best bus school in U.S.) and became famous for his financial savvy. Dems can’t find anything bad on him, though they have tried as hard as they can, they have zero to blackmail him on. He has negotiated peace with N Korea and N and S Korea are reuniting after 70 yrs of divison. MSM doesn’t report on one single thing he has done. Read business news, you will see how much Trump has done for our country already, in restoring sound economics.

    2. You’re partly correct.
      Look at the mess we are in in USA and Europe. Open your eyes. Because of uncontrolled LIBERALISM, economies and societies are breaking down slowly. You need a strong person (aka dictator) like Trump for a time being to flush out and reset the whole thing.
      Look at Singapore, Lee Kwan Yew was a dictator in the beginning. In the Philippines you have Duterte who is cleaning up the drugs in his country. As long as they don’t become permanent, corrupt leaders, this has to happen.
      What is the difference between the Bushes/Clintons/EU leaders like Merkel, Juncker, etc? They became corrupted by the same people who backed them and didn’t want to leave. Trump has another 2.5 years, I hope 6.5, and he gets out once everything is cleaned up.

      1. #John Puruntong
        Did you watch the video I posted about “Statism”, because it makes it VERY Clear WHY Governments are failures…Just as Religion is!
        WE NEVER needed them in the first place…WE were “Conned” into BELIEVING in them just like Religion…Just listen to the video as SEE for yourself.

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