Millionaire Bill Maher "Hoping" For Economic Disaster To Oust Trump

HBO host Bill Maher, who makes $6 million/year on top of his estimated $100 million net worth, would love nothing more than an economic collapse in order to "get rid of Trump." 

"this economy is going pretty well," Maher said (total jobless claims remain the lowest they've been in 44 years, for example) before telling political commentator Shermichael Singleton “I feel like the bottom has to fall out at some point. And by the way, I’m hoping for it. Because I think one you get rid of Trump is a crashing economy. So please, bring on the recession. Sorry if that hurts people, but it’s either root for a recession  or you lose your democracy.”

Maher, a multi-millionaire, would hardly be affected if the economy crashed, unlike millions of low and medium income Americans whose lives would be immeasurably worse if the HBO host's dreams come true.

For example, Maher could continue to attend Dominus - an elite $75,000 / year members-only sex club that requires a "blood oath" to join. 

As we noted earlier, Bank of America made the case that the only thing that would stop a "nuclear" trade war is a market crash, while last week Goldman suggested that if President Trump wants to win the brewing international trade war, the market has to tank. 

As BofA puts it: 

Market discipline could break the spiral. The markets provide immediate and publically observable feedback from investors on the expected effects of policies. So far, US equities have only had a small negative reaction to news on trade. This has likely emboldened the administration to take a more aggressive stance. But if back-and-forth tariffs with China were to cause a large selloff in US equities, China would probably push harder, knowing that continued escalation would be costly for the US.

BofA escalated the impact of a market crash on the political realm, and writes that, in a similar manner, "elections clarify the costs and benefits of protectionism. If the Republican party retains control of the House of Representatives and the Senate in November's midterm elections, free-trade advocates in the Republican party may remain reluctant to push back against the President. The opposite might be true if the Democrats win."

In summary, BofA sees risks to the view that "cooler heads will prevail" on trade, and its concern is not so much irrational action, but that the US and its trading partners could rationally engage in tit-for-tat protectionism, with growing economic costs, in order to test each other's resolve, while markets remain dormant and allow even greater escalation. Still, the Bank of America economists ultimately remain hopeful "because market and electoral discipline could break up this dynamic."

Comments

Klassenfeind King of Ruperts Land Sun, 06/10/2018 - 05:47 Permalink

"HBO host Bill Maher, who makes $6 million/year on top of his estimated $100 million net worth, would love nothing more than an economic collapse in order to "get rid of Trump."

Let's be honest and realistic: most ZH commentators would probably also love nothing more than an economic collapse in order to finally make some money on their gold coins and put options.

That's why this site has so much doom-porn.

In reply to by King of Ruperts Land

greenskeeper carl cbxer55 Sat, 06/09/2018 - 23:31 Permalink

Well, at this point this whole thing is just mental masturbation. We are overdue for a recession anyways. Plenty of people, including myself, have made the argument that we are in a multi-decade long depression. But, either way, we WILL have a recession again, it will be worse than the last one because nothing was fixed. And, trump will get the blame for it, even though its been baked into the cake for far longer than trump has been in office. He has been taking credit for the economy being so great, even though its essentially the same as it was when he was calling it all a 'big fat ugly bubble', so he will get the blame when things don't look so great anymore.

In reply to by cbxer55

Chupacabra-322 greenskeeper carl Sun, 06/10/2018 - 00:24 Permalink

“Plenty of people, including myself, have made the argument that we are in a multi-decade long depression.”

My friend those of us ahead of the curve have been Stacking & Prepping accordingly.  That Collapse & subsequent Depression occurred officially in 2008.  They’ve probably been restructuring ever since so when they do “Officially” announce it.  They’ll swoop in as the savors with a preplanned solution for the problem they themselves created to begin with & act as our saviors. 

Another play form the “problem, reaction, solution book. 

It’s been Ponzi & PsyOp ever since 2008.

 

In reply to by greenskeeper carl

bloofer Chupacabra-322 Sun, 06/10/2018 - 12:50 Permalink

I'd say the multi-decade-long depression began in 2001. The run-up of real estate values, hand out second mortgages, and especially to pump sub-prime real estate--as a way of using skyrocketing debt to pull forward consumption and thus mask the real state of the economy.

I remember having a conversation with a banker (this may have been as early as 2002) in which he expressed his horror at the number of people taking on second mortgages based on the projected appreciation of their homes--and often spending the money on consumer goods.

What happened in 2008 is that the machinations to mask the depression collapsed.

In reply to by Chupacabra-322

bloofer the crow Sun, 06/10/2018 - 13:00 Permalink

One of the great concerns of the previous Great Depression was the rise in Communist sympathies in the US and elsewhere. So I have the impression that economic depressions have an effect that is the reverse of creating a reset, but rather create more, and more insistent demands for government intervention--as we see today on the part of the Left. Probably the rise of the Left is at least somewhat owing to depression conditions.

In reply to by the crow

jaxville NidStyles Sun, 06/10/2018 - 11:44 Permalink

  The only accident I am waiting for is the one that gets him lynched by an angry mob. 

  He is so arrogant that long after his brethren have fled to Israel or South America he will still be here telling us normal people how we should feel or act.  I can hear him whining ;"how can you be doing this to me?" as the noose goes around his neck.

  God willing, I will see that in the not too distant future.

In reply to by NidStyles

Chupacabra-322 tmosley Sat, 06/09/2018 - 22:00 Permalink

@ tmosley,

The Jig is up yet once again with these Fake “Jew” Zionist’s.

 

One bright aspect is the Anti-Isreal / Jew Zionist movement is gaining steam.  More & more Individuals are speaking openly against Israel’s War Crimes, False Flag involvements, The Yinon Plan along with Pro Zionist immigrantion policy of migrating Muslim’s &  Arabs to the EU & US without fear of retribution.  Pro migration policy which supports territory boarder expansion via the Yinon Plan & ethnic cleansing & migration of Arabs & Muslim’s. 

Not to mention the Billions in US foreign aid, AIPAC, ZioNeoConFascist NGO’s & dual Israeli Citizen’s which hold Political Office in CONgress.  Which must be outlawed.  

 

That said. the Pure Evil Santanic Lucerferian’s are already attempting & countering by passing “Laws” in the US & Zionist Israel persecuting those who speak of their Crimes or are Anti Isreal.  

 

This position has been brought under the spotlight by the news that the municipality of Dickinson, in Texas, demanded that people agree to not boycott Israel as a pre-condition to qualify for relief funds after hurricane Harvey. This is not an independent action taken by Dickinson, however, but merely an initiative to comply with a Texas state law, which came into effect on Sept. 1, and requires companies and individuals taking on state contracts and disposing of public funds to sign an affidavit in which they declare not to participate in boycott campaigns against Israel.

 

https://qz.com/1111720/the-us-government-is-willing-to-defend-hate-spee

 

And, just posted here last week or so on ZH.

 

https://www.zerohedge.com/news/2018-05-26/proposed-israeli-law-criminal

 

In reply to by tmosley