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Trump Just Broke First $100 Trillion Barrier In History After Democrats Said He Couldn’t Do It

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The naysayers on the left said it could not be done. Many progressives warned American voters that electing President Donald Trump would be disastrous for the economy and a surefire way to get a repeat of the disastrous crash of 2008 and 2009. Hillary Clinton even proclaimed to one and all that electing Trump to the presidency would surely cause yet another recession.

An article from CNN Money from October 24, 2016, proclaims – “Almost everyone on Wall Street currently predicts Hillary Clinton will win the White House. A Trump triumph would likely cause investors to flee stocks to the safety of gold and bonds.”

Yet here we are two years into a Trump presidency in defiance of predictions otherwise, and the Fed has unveiled the latest snapshot of the US “household” sector as of March 31, 2018, in the Fed’s latest Flow of Funds report.

What has been revealed in the report is that with $116.3 trillion in assets and a modest $15.6 trillion in liabilities, the net worth of US households rose above $100 trillion for the first time ever, hitting a new all time high of $100.8 trillion, increasing for 10 consecutive quarters and up $1.0 trillion as a result of an estimated $490 billion increase in real estate values, as well as a $511 billion increase in various stock-market linked financial assets like corporate equities, mutual and pension funds, and deposits as the market soared to new all time highs in the first quarter.

Trending: Tom Arnold Threatened To Cut Off Trump’s Head – Realizes Big Mistake Too Late

From The Wall Street Journal – “Americans’ wealth surpassed the $100 trillion mark for the first time in early 2018, as rising home prices offset the hit to households’ assets from a stock-market swoon in the first quarter.

Household net worth—the value of all assets such as stocks and real estate minus liabilities like mortgage and credit-card debt—rose by 1% from the previous quarter, or more than a trillion dollars, to a record $100.768 trillion, according to a report released by the Federal Reserve on Thursday.”

Total household assets in Q1 rose $1.1 trillion to $116.3 trillion, while at the same time, total liabilities, i.e., household borrowings, rose by only $44 billion from $15.5 trillion to $15.6 trillion, the bulk of which was $10.1 trillion in home mortgages.

The breakdown of the total household balance sheet as of Q1 is shown below.

Meanwhile, Hillary has once again been proven wrong in her doom and gloom assessment, spewing lies about anyone and everyone in an effort to get what she wants. In this case, it was to be President of the United States of America. She repeatedly cited the multiple times his businesses filed for bankruptcy as an example of President Trump’s fiscal ineptitude.

Meanwhile, she herself claimed to be “dead broke” in a woefully transparent attempt to relate to everyday Americans. She made the comment during an interview with ABC’s Diane Sawyer. Sawyer pressed Hillary on her recent haul of $5 million in speaking fees.

Hillary stated to Sawyer – “You have no reason to remember, but we came out of the White House not only dead broke, but in debt. We had no money when we got there, and we struggled to piece together the resources for mortgages for houses, for Chelsea’s education. It was not easy. Bill has worked really hard. And it’s been amazing to me. He’s worked very hard.”

Except, Hillary was ranked the 10th-wealthiest member of the Senate in the years following, with a net worth between $10 million and $50 million. A few weeks before they left the White House, the Clintons were able to muster a cash down payment of $855,000 and secure a $1.995 million mortgage. This hardly fits the common meaning of “dead broke.”

She also completely ignored the fact that many successful people, including past presidents, have gone through rough financial patches only to recover, earning back what they lost and more. Presidents Thomas Jefferson, Abraham Lincoln, Ulysses S. Grant, and William McKinley were also forced to file for bankruptcy during their lifetimes.

What Hillary failed to capture or even mention is that President Trump has always managed to earn back what he lost, and even more. He has been remarkably business savvy, working hard for the American people since his election. He has chosen to take no paycheck while in office but instead has chosen to donate that paycheck to various entities in an effort to further help the American people.

The rising property valuations are an especially encouraging sign, given the hit the housing market took back in 2008 leaving many Americans with negative equity or in foreclosure. Overall, the value of households’ real estate rose by $489.6 billion. This reflects how high home prices are rising across the nation. Given that the largest asset most Americans possess is their homes, this is huge.

This economic turnaround could never have happened under a Hillary Clinton presidency or former President Obama. Hillary and Obama spent more time meeting with celebrities, touting their own supposed “accomplishments” that worked to the detriment of Americans coast to coast and taking selfies. Working hard for the American people? What is that?

Meanwhile, President Trump continues his hard work for the American people and it is paying off – bigly! Unemployment is at historic lows. Trade deals have never been better. Now America’s overall personal wealth is seeing a significant upswing.

Obama frequently spoke about how President Trump’s economic plans would never work…would never come to fruition while he was in the midst of campaigning for Hillary in her failed 2016 presidential bid. He stated during a rally for Hillary – “Some of those jobs of the past are not gonna come back. Trump just says, ‘I’m going to negotiate a better deal.’ How exactly are you going to negotiate that? What magic wand do you have?”

Abracadabra, Obama. Abracadabra.

 

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After Mexico Refuses To Stop Migrant Invader Mob, Trump Swings Presidential Hammer Of Justice

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Stop The Facebook Purge of Triple Amputee War Hero’s Pages! He Gave 3 Limbs For our Rights And they Stole It All From Him! Help this Hero Take it To Congress –> Fight4FreeSpeech!

This is a paid invasion army. It’s time to close the border immediately. I hope President Trump does so.

When you look at this illegal invasion.. you can clearly see most are men. Not women or children. Let’s hope they stop this in time.

From Zero Hedge:

Since President Trump threatened to close the Southern border due to Honduras’ unwillingness to comply with his requests for assistance in stopping a migrant caravan marching toward the US, the migrants have successfully crossed into Mexico and on Sunday regrouped after being temporarily delayed at the Mexican border by border guards who failed to force the migrants to turn back.

So, for the second time this year, it appears President Trump is ready to send more US troops to the border, as he said in a tweet Monday morning that he’d notified the border patrol and military that this is a “national emergency” while reiterating that the blame lay with Democrats for refusing to change our “pathetic” immigration laws.

The president also claimed that “unknown Middle Easterners” had become “mixed in” with the caravan.

And since Honduras and Guatemala did nothing to stop the migrants despite Trump’s requests for assistance, the president added that we would be cutting off aid: “We will now begin cutting off, or substantially reducing, the massive foreign aid routinely given to them.”

The backlash to the migrants has intensified over the weekend, as the mile-long caravan has continued unimpeded toward the US’s southern border. Amusingly, liberals bullied the Associated Press on Sunday into correcting one of its headlines after the wire service described the caravan as an “army of migrants”.

“A ragged, growing army of migrants resumes march toward US,” read the original headline on the AP story. The AP later changed the headline to replace the word “army” with “caravan.”

Though the AP has used the word “army” to refer to large groups of people besides migrants – including nurses and political activists – many on the political left criticized the wire service for its original headline.

Meanwhile, videos have emerged of people handing out cash to the migrants, raising suspicions that the caravan has received outside funding for its assault on the southern border.

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Congress Officially Filing Impeachment Charges Against Anti-Trump Politician – Then Unthinkable Happens

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President Trump is the Deep State’s biggest enemy. While Trump may be quite alone in his quest to “drain the swamp,” he does have some allies on the Hill.

Members of the Freedom Caucus have been assisting Trump in his battle with Mueller & his band of Democrats in charge of the witch hunt that after two years has produced zero evidence of Russian collusion.

Stop The Facebook Purge of Triple Amputee War Hero’s Pages! He Gave 3 Limbs For our Rights And they Stole It All From Him! Help this Hero Take it To Congress –> Fight4FreeSpeech!

A few months ago, Freedom Caucus leaders Mark Meadows and Jim Jordan filed impeachment charges against Deputy U.S. Attorney General Rod Rosenstein. The reason for the filing was because Rosenstein hadn’t handed over enough documents that had been asked for.

In July Vox reported:

“Hardline conservatives have backed down from a threat to imminently force a House vote on impeaching Deputy Attorney General Rod Rosenstein.

On Wednesday night, Freedom Caucus leaders Reps. Mark Meadows (R-NC) and Jim Jordan (R-OH) filed articles of impeachment against Rosenstein. The stated reason was mainly that Rosenstein allegedly wasn’t giving enough documents to Congress. But in context, the move — which wasn’t even certain to pass the House, let alone lead to Rosenstein’s removal from office — was clearly part of an effort by President Trump’s allies to attack the Justice Department and undermine special counsel Robert Mueller’s investigation, which Rosenstein supervises.

When Meadows filed the impeachment articles, only 11 of the 236 Republicans in the House were willing to sign on to them, making it unclear how much support his effort had. House Oversight Committee Chair Trey Gowdy, for instance, had said earlier that he wouldn’t back the effort (“Impeach him for what?” he asked). GOP leaders were also unenthusiastic about the controversial push, which would likely divide their party.

However, Meadows had the opportunity to use House rules to file a “privileged motion,” which would require a vote from the full House in the next two days — effectively forcing his colleagues to take a stand on impeaching Rosenstein even though there have been no hearings on the matter and little debate about it. Republicans facing tough races in November would not have been thrilled.

In the end, however, Meadows decided not to carry out that threat — for now, at least. He did not file a privileged motion for impeachment, and House Republicans announced Thursday morning that they would not vote on the matter before they leave for a month-long recess.

It is possible the effort could be revived in September when the House returns to Washington. But that would be closer to the midterms, meaning Republicans would be even less enthusiastic to take a divisive and controversial vote.

The current word is that Republican leaders agreed to hold a vote on whether Rosenstein is in contempt of Congress in the first week of September, if conservatives don’t get the documents they want by then. (That’s a weaker alternative to an impeachment vote, which at least had the potential to remove him from office.)

After conservatives had agreed to back down from the impeachment push, Speaker Paul Ryan announced publicly that he did not support impeaching Rosenstein. “I don’t think that this rises to the level of high crimes and misdemeanors,” he said.

Meanwhile, word leaked out that Jordan, who co-wrote the impeachment articles, will soon announce that he’s running to replace the retiring Ryan as speaker.”

Now, this could be seen as bad news in the fight against the Deep State, but there is a little hope.

Last month, leaked audio of Rep. Devin Nunes seemed to indicate that Rosenstein could be impeached at a later date. The timing was wrong for it.

USA Today reported:

“Leaked audio of Rep. Devin Nunes, R-Calif., speaking at a Republican dinner fundraiser made public Thursday evening shows the congressman addressing why Deputy Attorney General Rod Rosenstein hasn’t been impeached and saying that Republicans could be the only force stopping President Donald Trump from being impeached.

The audio, obtained exclusively by MSNBC, is of Nunes talking at a dinner event in Spokane, Washington, on July 30. He is asked by an audience member about the effort to impeach Rosenstein, which was only publicly supported by a small group of Republicans.

Nunes, who heads the House Intelligence Committee, seems to explain the main reason Congress hasn’t taken up the issue is due to timing and the upcoming midterm elections.

“It’s a bit complicated,” he told the audience member. “We only have so many months left.”

“So if we actually vote to impeach, OK, what that does is that triggers the Senate then has to take it up,” he said, explaining that it could take away from other priorities of Congress.

He said everything would have to be dropped if impeachment was up for a vote. “So it’s not a matter that any of us like Rosenstein. It’s a matter of, it’s a matter of timing.”

“Do you want them to drop everything and not confirm the Supreme Court justice, the new Supreme Court justice?” he added.

Later, he talks about the midterms and the sincere need to keep a Republican majority in both the House and Senate, something Democrats are hoping to clinch. Nunes details one big reason Republicans are needed: to protect Trump.”

Here’s the audio of Nunes.

Let’s hope Republicans in the House follow through & do their part to drain the swamp & get rid of those who are biased against Trump.

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