If Donald Trump Is Impeached, You Should Expect The Mother Of All Stock Market Crashes To Happen
News that an impeachment inquiry is being initiated instantly sent stock prices tumbling on Tuesday, but that small jolt is nothing compared to what we will experience if Donald Trump is actually impeached. Over the past couple of years we have seen a tremendous boom in stock prices, and one of the big reasons for that boom is the fact that the folks on Wall Street know that Trump is always going to be looking out for their best interests. Trump understands that his chances of winning again in 2020 will be greatly enhanced if stock prices are rising and most Americans believe that we have a “booming economy”, and so he wants to do everything in his power to try to make those things happen. That means that Trump’s short-term interests are perfectly aligned with Wall Street’s short-term interests, but things will shift dramatically if someone like Elizabeth Warren or Bernie Sanders ends up in the White House. Wall Street knows that they have a friend in Donald Trump, and losing that friend would potentially be absolutely devastating.
Needless to say, a lot of investors were unnerved on Tuesday when House Speaker Nancy Pelosi announced that a formal impeachment inquiry is being initiated. The following is an excerpt from Pelosi’s official remarks…
In the aftermath of that announcement, liberal celebrities all across America erupted in celebration.
But can Nancy Pelosi unilaterally declare the commencement of a formal impeachment inquiry without any sort of a vote? According to Representative Doug Collins, she actually does not have that power…
In any event, the Democrats are going to push ahead with their investigations, and they seem determined to dig up anything that they possibly can.
In response to Pelosi’s announcement, the White House issued a statement which accused congressional Democrats of being “in dereliction of their Constitutional duty”…
We shall see how everything plays out over the next few months, but at this point it seems fairly certain that we will see an impeachment vote on the floor of the House, and it also seems fairly certain that the vote will be split largely along party lines.
Because in this day and age the truth really doesn’t matter. Even if there isn’t any evidence against Trump at all, most Democrats will vote to impeach because that is what they are expected to do. And even if Trump is 100 percent guilty most Republicans will vote against impeachment because they would be afraid of being voted out of office by angry voters back home.
So in the end it will probably come down to what the Senate decides to do, and right now the Republicans are holding 53 seats.
Unfortunately for Trump, some of those 53 seats are held by very “moderate” Republicans that are not fans of Trump at all.
Sadly, the fate of the Trump presidency is likely to end up in the hands of a small group of deeply corrupt politicians that I wouldn’t trust to properly mop the floors in my local Dairy Queen.
With that in mind, I think that Trump fans definitely have reason for some pessimism.
Democrats are licking their chops at the prospect of impeaching Trump and then getting either Joe Biden or Elizabeth Warren into the White House following the next election.
Joe Biden would try to get along with Wall Street, but a Warren administration would be an absolute disaster for investors and right now she is surging in the polls.
Elizabeth Warren originally made a name for herself by attacking Wall Street. Virtually all of her economic proposals would be bad news for the top 1 percent, and the fact that she is doing so well right now is just one of the factors that are currently unsettling the markets…
Of course the short-term health of Wall Street is not what we should really be concerned about.
At this moment, the entire global economy is plunging into a substantial downturn, and whoever wins in 2020 is going to have to face that reality.
And beyond that, we are facing long-term crisis after long-term crisis that none of our politicians really want to deal with, and in the end we are going to pay a great price for our short-term thinking.
But for the foreseeable future, the mainstream media is going to be obsessed with the political drama being played out in Washington.
And I know that most Republicans don’t want to hear this, but there is a very real chance that Donald Trump could be impeached by the House.
Then it will all come down to the Senate, and Trump’s fate will be in the hands of moderate Republicans such as Susan Collins, Lisa Murkowski, Marco Rubio and Mitt Romney.
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