Did you know? The Patriot Post is funded 100% by its readers. Help us stay front and center in the fight for Liberty and support the 2022 Year-End Campaign.

Dan Gilmore / August 24, 2015

U.S. Markets Slide on Failed Central Economic Planning

When the markets opened this morning, the Dow plummeted 1,000 points.

Barack Obama’s failed domestic “economic recovery” policies, combined with the failed economic policies of one of our largest trade partners, the Red Chinese, led to a cascading collapse in the U.S. securities markets this week. For years, Chinese economic growth was a cornerstone of U.S. and world markets hopes for improvement. However, for the last two years, the failure of China’s communist central economic planning has become painfully apparent, concluding with China’s devaluation of its currency in mid-August. The consequences are significant for both the Chinese people and the rest of the world. Fraser Howie, who co-wrote a book about the Chinese economy, told The Wall Street Journal, “The world is starting to realize China is not nearly as competent as thought, especially in the economic sphere where everyone gave it good grades.” The China effect on U.S. security markets is widely felt by almost half of the country, as most American families have assets and retirement plans invested in securities. With the advent of individual online trading, the market drop is driven by consumers attempting to outsmart the decline. Unfortunately, those consumers, who often do not invest for the long term, as noted by Ron Lieber, will likely suffer the worst by trying to outsmart the markets.


Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2022 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.