NEW YORK, NY — (10-14-20) — Donald Trump’s White House’s economic adviser Larry Kudlow, was allegedly privately warning conservative insiders and wealthy GOP donors of the coming economic uncertainty due to the Covid outbreak back in late February. While Kudlow and other White House economic advisers were tipping off their GOP elite partners, the president was lying to the public that everything was fine and the coronavirus would soon disappear.
According to the New York Times Report published late on Wednesday night, White House economic advisers allegedly helped GOP elites and well-connected traders get an early warning about a possible unprecedented market crash.
The report centers on a memo written by a hedge fund consultant, who was present at a three-day meeting at the conservative Hoover Institution. Among the Trump administration speakers at the event who were sounding the alarm was White House economic adviser Larry Kudlow.
“The consultant’s assessment quickly spread through parts of the investment world. U.S. stocks were already spiraling because of a warning from a federal public health official that the virus was likely to spread, but traders spotted the immediate significance: The president’s aides appeared to be giving wealthy party donors an early warning of a potentially impactful contagion at a time when Mr. Trump was publicly insisting that the threat was nonexistent.”
Interviews with eight people who either received copies of the memo or were briefed on aspects of it as it spread among investors in New York and elsewhere provide a glimpse of how elite traders had access to information from the administration that helped them gain financial advantage during a chaotic three days when global markets were teetering.”
As the advanced tip-off of a potential coronavirus pandemic rippled through a cloistered circle of investors, big bets against the market known as short sellers, began rolling in. “Short everything,” the New York Times reports was one trader’s reaction to the shocking news.
The news that the Trump White House was telling rich investors and elite GOP donors the truth about the Covid-19 pandemic while peddling a much more optimistic and, ultimately, false face to the public, mirrors president Trump’s own intentionally deceptive language about the virus to the American people, which he admitted on tape with Bob Woodward.
Article by: Paul Goldberg, Staff Writer
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