(National Sentinel)Â Manipulation: Wall Street is reeling after the “flash crash” on Monday, in which the Dow Jones Industrial Average fell nearly 1,600 points before recovering somewhat to a loss of 1,175.
On his nationally syndicated radio program Monday evening, conservative talk host and author Michael Savage speculated that the “Deep State” may have purposely manipulated the market as a signal to President Donald J. Trump to back off his quest to get to the bottom of the FBI/DoJ spy scandal involving his 2016 campaign.
“Trumpâ€™s stirring SOTU speech last week was so great that even CBS admitted 75 percent of the people who watched it approved of it and loved it. So what happened right afterwards?” he said.
“The Establishment, meaning the â€˜Deep State,â€™ call it whatever you want, went into overdrive to destroy Trump, or try to destroy him, where he is strongest because they couldnâ€™t get him where they thought he was weakest,” he continued.
“So they are taking the market down. They are trying to hurt you. They are the enemies of the average American. Make no mistake about it, they are going for you!
“These people are so evil and so power-drunk that theyâ€™d burn the nation to the ground rather than let Donald Trump live another day in office,” Savage continued.
Following yesterday’s market roller coaster, the White House released a statement:
The Presidentâ€™s focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasing wages for American workers. The Presidentâ€™s tax cuts and regulatory reforms will further enhance the U.S. economy and continue to increase prosperity for the American people.
Fox BusinessÂ interviewed University of Maryland economics professor Peter Morici Tuesday, who predicted more pain but that it would be temporary.
“There is more carnage to come, but the market will recover. We are going through a correction, which is long overdue,” he said.
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