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Trent Rock
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136 followers
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Peter Schiff has predicted, as has Ron Paul: sky high interest rates, wheelbarrow style hyperinflation, The Feds can't stop QE, The Feds can't raise interest rates, the collapse of the US dollar, the loss of dollar hegemony, gold at 5K an ounce...His only claim to fame is he SUPPOSEDLY, is the ONLY ONE (like Ron Paul claims) who predicted the Housing Crisis......Peter Schiff has a degree in finance and accounting...He is not not an economist...He is a newsletter peddler....Ron Paul is a gynecologist....Economic forecasting is a very small percentage of economics.....Most people think it is a large part...No one trusts economists anymore...Because they failed to predict the Great Recession....the Austrian School of Economics is a heterodox school of thought...Most economists do not pay attention to it....We are not going to End The Fed.....and we are not going to go back to the gold standard....That's Fantasyland......If you are not an economist...Then you can't argue with an economist, about macro economics, fiscal policy and monetary policy....Sorry, that's the rules :)
https://www.youtube.com/watch?time_continue=366&v=YAxwx42JAoI

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It's not clear what Trump specifically means when he declares that jobs are at the "best point in history," but based on several indicators, he's off the mark.

The unemployment rate of 3.9 percent is not at the best point ever — it is actually near the lowest in 18 years. The all-time low came in 1953, when unemployment fell to 2.5 percent during the Korean War. And while economists have been surprised to see employers add 215,000 jobs a month this year, a healthy increase, employers in fact added jobs at a faster pace in 2014 and 2015. A greater percentage of Americans held jobs in 2000 than now.

Trump didn't mention probably the most important measure of economic health for Americans — wages. While paychecks are slowly grinding higher, inflation is now canceling out the gains. Lifted by higher gasoline prices, consumer prices increased 2.9 percent in June from a year earlier, the most in six years. https://tdn.com/news/national/govt-and-politics/fact-check-trump-s-economic-fiction-record-gdp-jobs/collection_5aa01d9a-538f-5fa0-ab4b-e588800db111.html#2

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But one quarter of 4.1 percent real growth — after accounting for inflation — is neither a record nor close to one.

In fact, there were four quarters of higher growth during just the Obama administration, including one quarter of 5.1 percent growth in 2014.

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Trump isn’t telling the truth about illegal immigrants and crime. The public knows it.
I am a pussy ====>
washingtonpost
washingtonpost
washingtonpost.com

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America’s irrational immigration fear
#FearOfFaceTatoos
washingtonpost
washingtonpost
washingtonpost.com

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Still not afraid of MS-13...Sorry Trump.....

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Immigrants and their children, based on our work at the Dallas Fed, have made up more than half of the workforce growth in the United States in the last 20 years. Immigrants and their children. And it’s our judgment that in the next 20 years that percentage will be even higher, because the existing workforce is aging and will age out of the workforce. So while it’s very controversial and a sensitive subject, obviously, we’re going to need to come to grips in this country at some point with immigration reform that helps us find a way to grow immigration. And I believe that is going to be an essential element also of growing the workforce in the years ahead.
#ImmigrantPhobia #XenophobeInChief

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https://fred.stlouisfed.org/graph/fredgraph.png?g=kRiU
2000 jobs..Big fucking deal....
“Get ready because you're going to be working your asses off.”

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