I'm going to sound alarmist but whatever. This is my speculation and I've been thinking about this for some time over the past several years. President Trump has the same general policies as the past several administrations. This includes, Obama, Bush and Clinton. Now, what Trump is doing is very similar to what Bush had done. A recent Peter Schiff Video (1), explained that Trump's policies are very similar to what Obama, Bush and Clinton has done. Mainly focusing on Trump and Bush and how similar they are. Now, of course there are differences but fundamentally we are seeing this again. Trump just needs to float the economy until after the 2020 elections. None of the Democrats are really pushing this issue that much because they are just offering free stuff. Of course Peter Schiff, Ron Paul and others has been saying this for years and they are saying where is the next doom? In the video that Peter Schiff had post a few days ago, (April 23, 2019), he was saying that deficit spending hasn't come down and if it was truly economic boom, the government would have surpluses, but the US government is still spending more than they can take in. It is this fact that is quite alarming. If the US economy is doing so well, the US government should be in surpluses not deficits. If there were to be actual cuts to the government there will be a recession right after the cuts were made, because the government is very much tied to the economy and vise versa. Even if the government just quit increasing the budget and leave everything as is meaning spending the same exact amount of money year after year for the next decade or so (which I doubt that would actually happen, because change of administrations and congresses), there still might be a major recession. Hence why I'm advocating to cutting one's personal budget and start saving like crazy. I have decided to reduced my spending quite a bit. Sure, I have the surplus to go out and eat couple of times a week and have fun, but that could all go away. Hence why, I have decided to cut my internet out of the window and only travel where I need to go, like work and church, only eat groceries not going out and eat several times a week. Because when the next recession hits, it is not going to be pretty. And those who have stock piles of cash and reserves that are able to keep working will succeed and might actually be able to purchase luxury items on the cheap. Then wages will go down because everyone is looking for a job. It is better to have a job than no job at all mentality. We will be in a recession if Starbucks sales takes a noise dive and McDonald's sales sky rockets higher. If McDonald's is doing really well, and Starbucks isn't then we are in a recession if Starbucks is doing well and McDonald's isn't doing as hot as in a recession then we are in the clear for sometime. And I think the clock of "sometime" is clicking.
References: (1) - https://www.youtube.com/watch?v=vi_9DhpaNSI
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