Stock market CRASH: What does Warren Buffett know that we don't??
Americans woke up on Monday morning to a stock market plunge after a bad day on Friday. The Dow plummeted hundreds of points, Warren Buffett is selling stocks like crazy, and to top it all off, Japan’s stock market had its worst day since 1987’s Black Monday.
Glenn Beck is understandably worried.
“Friday, we had a bad jobs report. We’re still not in a recession; indicators are showing that we’re headed towards one, but the indicators have been wrong before. We are headed towards one; we’re headed for a depression at some point,” Glenn Beck warns.
Glenn is concerned about what this might mean for ordinary Americans and the United States economy and consults financial expert Carol Roth for some advice.
Roth explains that while the Fed did not lower rates, it might be on the table in September.
“Normally, you would say, ‘Okay, the market wants the Fed to cut rates,’ but what happened is then we got a weak job report on Friday, and while sometimes the bad news can be good news for the market, in this case, they took it as bad news,” Roth tells Glenn.
“The Fed was behind the curve in terms of lowering rates,” Roth continues. “They felt like maybe this whole idea of a quote ‘soft landing,’ the idea that you can get the inflation down without wrecking the economy, is off the table.”
However, while it doesn’t look good, Roth says that “if there is any silver lining here,” it’s that the market did not open back up and continue to fall.
But there are still major indicators that something strange is going on, and one of them is Warren Buffett’s recent behavior.
“Another catalyst that we’ve seen is Warren Buffett,” Roth says. “He had lessened his position in Apple by about 49%.”
“That’s not lessening. That’s cutting it in half,” Glenn says. “He’s making some of the biggest sales he’s ever made. It’s almost as if he’s becoming bullish on America. What does he know that we don’t know?”
“Starting in 2019, he doubled down on Japan. So he has five really big companies and really big positions in Japan. So the day that we’re talking about Japan going down and at the same time the U.S. is going down,” Roth says. “It is interesting.”
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Donald Trump was RIGHT — Kamala & her cronies FAKED a race fight
Democrats and the mainstream media’s smear campaign against Donald Trump continues, as cries of “Trump is racist!” echo from all corners of the nation.
What “racist” thing did Trump do this time?
He pointed out that Kamala Harris only started to emphasize her black heritage over her Indian heritage when it was convenient for her political career.
Which is absolutely true.
Glenn Beck plays two clips of Harris — one from 2019 when she was running for president and one from 2020 when she was nominated as Joe Biden’s running mate.
Donald Trump Was RIGHT. Kamala & Her Cronies FAKED a Race Fightyoutu.be
In the first clip, Harris meets with actress Mindy Kaling, who is of Indian heritage.
“I see Indian people at the supermarket on the street, everyone's like, ‘You know Kamala Harris is Indian, right?’ It's like our thing we're so excited about to have you running for president,” Kaling said, noting that both she and Harris are “South Indian.”
The entire time Kaling is talking, Harris is furiously nodding and grinning, saying “yes” over and over again.
In the second clip from 2020, Harris, standing at a podium, says in her best politician’s voice, “Today, on August 15, 2020, I stand before you as the first candidate for vice president of the United States of South Asian descent.”
These are just two receipts from Kamala’s past where she’s openly identified as Indian.
But as you know, her tune has changed for this election. Now Harris is identifying as a black woman because it’s advantageous to her campaign. However, when Donald Trump pointed out the flip-flopping, Kamala and her media cronies cried, “Racism!”
The truth is, “She's Jamaican Indian,” says Glenn, “and there's nothing wrong with that, except she uses it to play on constituents. That's the only thing Donald Trump was saying.”
“She said she was Indian when she was needing the Indian vote, and then she's black when she needs the black vote,” he notes.
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