After Trump’s shock “victory”, the markets have been whipped up into euphoria by fake news outlets predicting the economic benefits of Trump’s tax plan, and his supposed success in saving American jobs. This is unfortunately lending credibility to a very dangerous Presidential candidate, who world-renowned economists say is an existential threat to the global economy. In order to save the global economy, and protect Obama’s economic recovery, experts agree that Trump needs to be stopped at any cost.
After many years of careful economic, management, Janet Yellen finally decided to raise interest rates by a whopping 25 basis points, sending the markets into state of shock. Obama’s economic recovery seems to be quite resilient though, and is holding up very well, which can be credited to his strong and wise economic management. Many experts believe that this is the beginning of a sharp tightening cycle that will put the lid on Trump’s intended economic boom, which accredited media outlets such as The Guardian and Bloomberg are rightfully celebrating.
A Trump economic boom would give the alt right and fake news outlets undeserved credibility, which could jeopardize US and global politics for decades, emboldening right-wing extremists to bulldoze extremist political candidates into positions of power and undo decades of political progress. It would also help the main driving force behind fake news and the alt right, Russia, who uses these entities to undermine progressive Western governments and expand their global dominance.
So for the purposes of both political stability and national security, Yellen needs to continue to tighten monetary policy sharply until Trump’s economic credibility is all but destroyed. This may be painful for millions of American workers and retirees in the short run, but in the long run experts agree that it’s more than worth it.