The Ring of Fire
@theringoffire·1.4M subscribers·27K videos
Trump Tries To Scare The Public Into Thinking Impeachment Will Hurt Them
Posted
September 29, 2019
Views
147,087
Likes
6,300
Comments
1,161
Engagement
September 29, 2019
147,087
6,300
1,161
5.07%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
3:50Now PlayingDonald Trump has repeatedly claimed that the stock market would tank if he is impeached, and with the official inquiry being announced this week, he doubled down on his claims. The truth is that the stock market could, in fact, take a hit from the inquiry, but certainly not to the degree that it does when Trump tweets out something ridiculous. Ring of Fire’s Farron Cousins discusses this.
Become a member today!
Support us by becoming a monthly patron on Patreon, and help keep progressive media alive!
Spread the word! LIKE and SHARE this video or leave a comment to help direct attention to the stories that matter. And SUBSCRIBE to stay connected with Ring of Fire's video content!
Support Ring of Fire by subscribing to our YouTube channel
Be sociable! Follow us on:
Follow more of our stories at
Subscribe to our podcast
*This transcript was generated by a third-party transcription software company, so please excuse any typos.
For months now, long before Nancy pillows, she finally said, all right, fine, I'll give you your damn impeachment inquiry. Trump has been telling us that if he is impeached, the stock markets are absolutely going to crash. Entire economic system that he apparently built from scratch will come crashing down. Everyone will lose. All their money will all be destitute and it's all because those pesky Democrats open an impeachment inquiry. And I remember he was saying this long before Pelosi ever caved on it long before the Ukraine phone call thing came out and this was back during the Mueller months, but he said it again this week and he said it with a little bit more urgency. Here's what the president tweeted out. Uh, this was on Wednesday. If they actually did this, the markets would crash. Do you think it was luck that got us to the best stock market and economy in our history? It wasn't. He wants you to think it was him, but also with that it wasn't. Here's the thing, Donald. Yeah. Impeachment does have the potential to cause some dips in the stock market. Lots of things cause dips in the stock market. A bad state of the union address by a sitting president causes dips in the market the next day. elections, cause dips in markets no matter which party takes over That's what happens. That's because the stock market is stupid. It is a made up thing that we created that is as temperamental as a three year old whose over tired, didn't get a snack and doesn't want to watch whatever cartoon you put on. That's what the stock market is. It's an angry toddler throwing a temper tantrum, volatile, cranky, and not very bright. But here's the thing. Tuesday stock market took a little bit of a dip and by little bit of a dip. I mean 0.5% that is a tiny, tiny dip and then by Wednesday morning it had rebounded back to the levels it was before. It took the dip and Republicans, including Fox news are out there trying to tell us that after Pelosi announced the impeachment inquiry, stock market dip, 0.5% which is a sign of all hell breaking loose. It's Armageddon, it's Ragnarrock. It's all the horrible things our ancestors ever warned us about when we angered the gods except that by the next morning everything was cool again. And then later that same afternoon after everything was cool, Trump makes that tweet like, Oh, we're going to die. Stock market's going to crash if you impeach me. Um, does he realize that stockbrokers and wall street banks actually have what they call and we've discussed this, the COFI index where they've actually tracked the fact that the more Trump tweets, the worse the market does. So no impeaching you is not going to tank the stock market. If anything, it's going to create a longer term rebound from the market, not having to respond to your idiotic tweets about trade wars steel and tariffs. Because whenever he tweets out one of those words, the market tanks and it tanks by a lot more than 0.5%. He's trying to scare people into thinking that the Democrats are going to ruin them financially. But the truth is, the president's been doing a very good job of that just through his Twitter feed for the last two and a half years.
#rof #trofire #theringoffire #progressivenews
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
