As Growth Slows To 1.9%, The Economy Is Falling Short Of Trump's Target

Absolute nonsense, she attacks Trump on a daily basis and has even attacked Ivanka several times, she is a flat out nasty, evil woman who sacrifices America's poor to redistribute throughout the world.

From the interview you are quoting:

"Kristalina Georgieva, the new managing director of the International Monetary Fund, applauded the Trump administration's "bravery to use a tax reform to spur more growth" in an exclusive interview with "Axios on HBO."

Why it matters: Georgieva vowed that she would be able to persuade the U.S. to commit more money to the fund during the course of her five-year term. "I will get my quota increase," she said — in the face of reported U.S. opposition and a U.S. veto over any changes."

Like usual, they talk out of both sides of their mouth's just so they can get more American money.

We are done with them, once 2020 is over we are going to push further and further to separate from these evil International Bankers.

Time to audit (end) the FED, get rid of our payments to the BIS, IMF, ECB and all the other pond scum out there hurting the American people

 

Wait, you put your money in a savings account as an investment?

I think I found your problem

 

I'll be the first to admit that I'm in over my head when it comes to the whole International geopolitical economic thing.

I'm just going to give you a thumbs up and assume you're a hundred percent right

 

Unfortunately, no other asset class has the liquidity I need so I can withdraw my money right away because I need it all the time, I'm poor. But, one day some money will come my way (about $24,000), and then I plan to invest it in a CD, assuming they stay at about 2% interest.

I once invested in stocks, before the great recession, but I only lost money. So, now I'm never going to buy stocks again.

As for bonds, interest rates are near zero. They don't double in value anymore except once every 20 years. Plus I'm poor, and I need to cash-in regularly, so I can't keep money in bonds for years and hope I'm going to be alive one day to collect the money.

 

It's not too terribly tough to get a decent grasp on, however the Banks control the Global Media so they do their best to obscure anything that points to them.

My personal opinion is all this Identity Politics nonsense, was a subversive attempt to get "We The People" to ignore Occupy Wallstreet and instead, attack each other for .... everything and anything.

After World War 2, the Allies formed the Bretton Woods Conference, with the idea of building the world back up using the only mfg center left, America.

https://en.wikipedia.org/wiki/Bretton_Woods_Conference

In 1971, the long intended plan of getting the world off of a stable currency like gold/silver and onto some sort of "free floating fiat" currency was the major goal.

In order to do so, Global Banking leaders reached agreements with Saudi Arabia to tie the US dollar, which basically was rebuilding the world, onto oil. Oil being a free floating commodity that can be easily controlled, is destroyed/used and has a never ending "bottom" as we have no idea how much oil we actually have.

This allowed them to "float" the dollar to whatever they want, if you look at ANY chart or graph from this time, you can see that the 70's were an incredibly turbulent time with inflation and more and more debt.

With the Petro Dollar created, the Bankers were able to start loaning out MASSIVE amounts of cash, incurring more and more debt. Take a look at the graphs around this time, right here is where America started ramping up massive debt, as well as losing our import/export advantage.

They were able to use this free floating currency to create bubbles, therefore demanding more debt be taken on, increasing the debt payments giving to the central banks every year.

Oil bubble ---- more debt
Internet bubble ---- more debt
Housing bubble ---- more debt
School bubble ---- more debt

You will notice that all four of those were created through policy, not a natural market phenomenon.

https://duckduckgo.com/?q=us+debt+chart&atb=v190-4__&iax=images&ia=images&iai=http://www.wnd.com/files/2016/05/OBAMA-DEBT-chart-2-TOTAL-US-CREDIT-MARKET-DEBT-AS-OF-GDP-May-17-2016.jpg

https://duckduckgo.com/?q=us+trade+imbalance+chart+history&atb=v190-4__&iar=images&iax=images&ia=images&iai=https://www.seeitmarket.com/wp-content/uploads/2018/04/us-trade-balance-history-chart_census-bureau.png

See what happens after 1971? It's so blatantly obvious that it's almost comical.

This system was never meant to last, which is why the BIS created crypto currency and why things like Bitcoin became so popular. The banks and most people knew the fiat system was screwed, which is why gold and crypto is spiking.

Most people don't know, the FED, the American central bank, is nothing but a private company that charges us to regulate our money. Over half of our debt is to this "private company", their main idea is to pile more and more debt on people, crashing the system and any confidence in Capitalism as a whole.

So yes, the whole "late stage capitalism" argument from Socialists/Communists is absolute nonsense, it is all a planned attempt to bring down the current system and rebuild a global system, completely dependent on the International Banks.

This is also the reason for the Middle East wars and the Climate Change hoax. The environment is INCREDIBLY important, but in order to control oil/power, they invented the CO2 hoax, as well as started the Middle East wars. All this is an attempt to build the major oil pipelines that the Central Banks want. Literally all that death, all those wars, just for International Bankers and corrupt politicians being paid by them.

It's not working ....

Since Trump got elected, all their plans have been foiled and they are scrambling to figure out what to do. If America is incredibly strong, the attempted plan of drowning everyone in debt equally, goes up in flames.

Expect America to jump by leaps and bounds in the next few years, while the Eurozone continues to crumble from their "withdrawal" of American money

 

If you would have invested your $24,000 in a general market index fund when Trump got elected, you would have $36,469.27.

I am very sorry for you loss during the government induced 2008 crash, but to base your future investments fully on fear is not a sound investment strategy

 

A couple a months back that's all the news had: recession, recession, recession.

Now they're back to impeachment, impeachment, impeachment.

Best thing to do is tell the news to go straight to hell and live your life.

 

You win a few, lose a few, and some are rained out.

 

Definitely, but I think a lot of younger people have an insane "fear" of Capitalism because they truly don't understand what is going on.

I think someone taking a government caused "crash", and extrapolating it into "Capitalism and the stock market are bad", is part of the dangerous game being played by the Socialists/Communists.

We are going to see a generation (millennials, I am one) where people have zero savings, zero experience and zero way to get back into trying to make a living.

This is why these people are blaming Capitalism, they truly don't understand what is going on and therefore just listen to the media lies

 

Don't let like percentages suggest equal measure.

GDP ending 2011 was 15.841 Trillion. 1.9% growth would represent 300 Billion.

GDP ending 2018 was 18.638 Trillion. 1.9% growth would represent 354 Billion.

That's an 18% better performance.

 

I actually don't think that is a fair way of representing things. We also have "that" man more people, "that" many more companies and technologies.

The more fair way of looking at things is where were we in 2011 vs 2018.

2011 was an insane low, coming off the lowest the DOW has ever been comparatively.

In 2018, we were in an 8 year bull run, where the "International Bankers" tell us there is a "cycle" that the market follows.

Trump literally grew the economy right in their faces, proving that the above statement is a fiscal lie meant to control the markets.

Either way your premise is correct, the 2018 numbers are MUCH more impressive than 2011

(Edit) not to mention the fact that the International Banks were propping the Obama economy up in 2011, with zero percent interest rates.

Trump has been hitting these numbers with much MUCH higher rates

 

I guess I'm really fortunate to be the father of a millennial that is doing very well. Age 25 and already able to over fund the 401K and has a nice cushion, already exploring real estate investments. I'm a lucky guy.

What's weird is literally all the Millennials I know with one exception are all doing extremely well, amazing work ethic, successful. The only thing I found is that this generation doesn't really seem to have loyalty to their employer, a lot of their activity seems to revolve around building the resume and finding a better opportunity, but then again these days most corporations don't have that much loyalty to employees. (pension, etc) so it's all fair I guess.

 

Where do you live?

 

So here are historic economic growth rates

other than the temp bump from the tax cut
I do not see trump genius

 

it's the new normal until we crack down on excessive foreign outsourcing and foreign imports

 

I am playing it safe now too, too old to risk it going up anymore, in fact looking like it's gonna come crashing down, and I blame both parties for this (but mainly Bush) and of course corporate greed

 

U.S. Tax revenue???????

Your post does not relate to my previous post......I spoke about "Government Consumption Expenditures", and for your info, GCE is a GDP component.

US Federal Government Consumption Expenditures and Gross Investment:

Q2 2019; $1.415 trillion

Q3 2019; Undoubtedly HIGHER!



https://ycharts.com/indicators/us_federal_government_consumption_expenditures_and_gross_investment

NOTE: $1 FGCEG increases the GDP by $1, and for anyone's info, government consumption expenditures have SKYROCKETED since Obama left the Oval Office.

Also, looks like you've responded to my post with an alternative fact, and if you want to seriously discuss "Revenues compared to before", YOU WILL LOSE, however, this thread relates to the GDP.

 

I don't care about your childish framing.

Did tax cuts increase tax revenue?

The answer is yes, you can try to obfuscate all you want with whatever cherry picked data you have.

Armature economists love to cherry pick stats to try to fight for their side.

FACT - ECONOMY GROWS MORE WITH TAX CUTS

 

Raise your hand if you hope for a recession...

 

south florida.

all the millennials I know are FSU, UCF, UF grads with degrees in demand. not a single gender studies grad in the group.

based on my anecdotal evidence, millennials are crushing it!

 

Might have something to do with it, but great news either way. I live in Los Angeles and did my Masters here.

Taking my entire company, as well as my life, to Texas this spring. It is simply hilarious out here, 30 year old millennials working for their parents talking about how "evil" Capitalism is.

I agree somewhat, all the millennials I work with are fairly Red Pilled and think the Socialists are crazy. But anyone who isn't working, works in BigTech/BigMedia, or is living off of their parents .... they seem completely lost and are going to wake up in 5 years completely broke with zero experience.

It would be hilarious if it wasn't so scary, but yeah, this city

 

Yup. The Amazing Trump Economy Continues To Defy The Skeptics

DEMOCRATS EVERYWHERE: THIS IS TERRIBLE! Third Quarter of 2019 GDP, ONCE AGAIN, Beats Market Expectations.

And continues to beat the baseline established as Obama was shown the door:



Among G7 countries from the second quarter of 2018 to the second quarter of 2019 (the latest comparable, available data), the United States is the only country with an annual GDP growth rate above 2 percent.

Additionally, advanced estimates would have likely been higher if not for the recently-ended strike at General Motors and continued production problems at Boeing. CEA estimates that these two events together held down the third quarter annual growth rate by 0.3 percentage point, meaning that the third quarter rate would have been 2.2 percent without these events.

Today’s GDP release demonstrates that America’s workers benefit the most from continued economic expansion. American consumers continue to drive the economy with robust growth in spending and income. Real consumer spending grew 2.9 percent at an annual rate in the third quarter, up from a 2.6 percent pace during the preceding four quarters. Real disposable personal income—a measure of income that is measured after accounting for taxes—also increased at a 2.9 percent annual rate in the third quarter.

Workers are coming off the sidelines to fill America’s 7.1 million open jobs, in the third quarter, 73.7 percent of workers entering employment came from out of the labor force rather than from unemployment, the highest share since the series began in 1990.

With a 50-year low in the unemployment rate, further economic expansion will continue increasing wages and allowing more Americans to share in the benefits of a growing economy.

Those that love Americans love it.
Those that hate Americans hate it.

 

Nice post

Even more than that, if the USMCA would be passed by Democrats there would be a HUGE pop.

Last but not least, China has been trying their hardest to harm our farmers and it has taken a big chunk out of GDP as well. The new trade agreement is going to do $20B the first year and up to $50B afterwards will also be a MASSSSSIVE injection into the economy.

All this while the FED continues to hold rates as high as they can, completely the opposite of the rest of the Central Bankers, in an attempt to "hold back" the growing US economy vs the rest of the world.

The West is going to go through some SERIOUS pain, going to be similar to someone coming out of withdrawal, as they no longer have all the Free US Money

 

YOUR QUESTION: Did tax cuts increase revenue?

For your info, tax cuts don't increase revenue, tax cuts spur growth, and growth spurs revenue.

You said it yourself; "Lower taxes equal higher growth, which equals higher revenue"

Are you stumbling over your words?

Your quote: FACT - ECONOMY GROWS MORE WITH TAX CUTS

Generally true, however, where are Trump's +3% GDP Growth rates/double digits revenue growth rates?

Republican saying; "After the full implementation of Kasich and Bush tax cuts, we had double digits revenue growth rates"

FACT - ECONOMY ALSO GROWS MORE WHEN GOVERNMENT INCREASES ITS CONSUMPTION EXPENDITURES...…...REFUTE!

 

Let me get this straight....

"Tax cuts don't increases revenue"

"Lower taxes equal higher growth, which equals higher revenue."

Yup, that pretty much sums that up

Also, why would I refute your narrative? that has nothing to do with my point, I could care less. The real argument is, why are you adding government expenditures which are completely 'known' factors?