DEMOCRATS SUPPORT CRIMINALS, CRAZIES, AND TERRORISTS
PANIC: THE DEMOCRAT'S DESTRUCTION MACHINE

DEMOCRATS AND THEIR PROPAGANDISTS WANT TO CRASH THE ECONOMY

There is no doubt in my mind that the progressive communist democrats and their media propagandists want to crash the American economy as a means of fighting President Trump’s Administration and to provide talking points for the 2026 mid-term election attempt to re-capture the House and Senate.

These are the very same people who are attempting to destroy America from within using fear, chaos, panic, and identity politics.

The last things the progressive communist democrats want are a predictable economy, smaller government, significantly reduced spending, fewer regulations, and fewer taxes.

Oh My God, the sky is falling, reports the radical left Sludge Report…

Economy
The Dangers of Politically-Driven Panic and Its Impact on the Economy

In the complex world of economics, confidence is key. When panic sets in, even minor triggers can lead to disastrous consequences. One of the most dangerous forms of panic is when it’s politically driven, as it can accelerate economic downturns, destabilize markets, and affect millions of lives.

A notable example of this occurred during the 2008 financial crisis, particularly with the crash of IndyMac Bank. Political leaders played a key role in fueling the panic in the months leading up to the collapse. Senator Chuck Schumer, in particular, sent a letter to federal regulators expressing concerns about IndyMac’s financial stability. The letter had the intended effect of igniting fear. Schumer’s statement led to a run on the bank, with depositors withdrawing their money in mass panic. Within days, IndyMac was taken over by the FDIC, marking one of the most significant bank failures in U.S. history.

How Chuck Schumer Caused the Second Largest Bank Failure in US History

Federal officials aren’t supposed to cause bank runs. In fact, much of the New Deal bank regulatory apparatus was set up for the purpose of eliminating such panics. When FDR was hit with a massive set of bank runs shortly after taking office, he gave an address in order to calm terrified depositors, assuring them that the banks would reopen shortly, and that everything would be fine.

But Chuck Schumer is no FDR. He doesn’t stop bank runs; he starts them. Or, at least, has started one. The collapse of IndyMac bank, the second largest bank failure in American history, began with a letter from the office of Senator Charles Schumer on June 27. He questioned the viability of the bank. When a senior senator who is in a number of influential posts regarding oversight of bank regulators directly attacks the confidence of a depository institution, it matters. Not surprisingly, the director of the Office of Thrift Supervision concluded that the collapse of the bank immediately following the Senator’s comments was not a coincidence. Director Reich concluded that Senator Schumer had ‘given the bank a heart attack.’

Why? Why would a federal official with enormous power, destroy an institution on which tens of thousands of depositors (not all of whom are insured) and employees depend? Why would a New York Senator attack a Pasadena bank, acting as some sort of amateur, self-appointed, long-distance bank examiner?

Perhaps this might help answer the question: IndyMac has been under attack from the hard left. The Center for Responsible Lending issued an attack on IndyMac within a few days of Schumer’s letter. CRL is part of a small army of left of center’ research’ groups, community organizers, and public interest law firms who make their living accusing home lenders of racial redlining and predatory lending. On June 20th the Center accused IndyMac of unfair practices regarding minority borrowers.

A suspicious person might think that a network of lefty attack groups proficient in bank bashing and frequently funded by trial lawyers and short-sellers, coordinated their activities with a law firm on the hunt and a Senator who works closely with the network.

On the other hand, maybe it is a coincidence that CRL and Sen. Schumer attacked the same bank in the same week. Maybe he didn’t know about the CRL report, nor CRL about his letter. Maybe the community group didn’t know about the trial-lawyer class action lawsuit which was launched against Indy a couple of weeks before all of this started.

Yeah, right. <Source: CNBC>

It must be a coincidence that some of Schumer’s major donors swept in to purchase the bank’s assets from the FDIC in a pennies-on-the-dollar fire sale. They profited handsomely, with the FDIC assuming the majority of the losses.

While politicians like Schumer interfere in the economy, their actions can have far-reaching consequences when they stoke public fear. A politically driven panic can be contagious, undermining trust in financial institutions, causing stock market volatility, and ultimately crashing the economy.

The IndyMac disaster is a cautionary tale of how powerful words and actions can be when it comes to economic stability. It underscores the importance of thoughtful leadership and communication, particularly in times of financial uncertainty. Politicians must carefully consider the broader impact of their actions and avoid fueling panic that can lead to dire consequences for the economy and everyday citizens.

Bottom line…

In conclusion, financial manipulators understand that profitability is not limited to periods of economic growth or stability. Whether times are good or bad, volatility drives their success. For traders who create no tangible economic value, the key to their profit lies in strategically placing hedged bets, capitalizing on market fluctuations, and exploiting instability for personal gain. In this landscape, the ability to navigate volatility becomes the ultimate tool for wealth generation, regardless of the broader economic context.

We are so screwed.

-- Steve


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS

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