If you really want to know what’s going on with the economy, read David Stockman’s latest article.
Stockman writes Trump owns the bubble and the astronomical gambling debt racked up by Wall Street and the banksters. Not only does he own it, he is enabling the economic criminals who are driving America to ruin, as did his predecessors.
Stockman writes that “the Donald had no clue about what really ailed America’s economy—aside from his primitive, lifelong affinity for protectionist bluster—he ended up handing the keys to economic policy to a cabal of Wall Street operators, who have wasted six months doing exactly nothing on the central banking file.”
Trump ran a good show during the campaign—good for folks who know little about politics and economics. It was obvious at the time he had little idea what he was talking about. This was apparent, but many people tuned out because they were desperate to upend the establishment apple cart.
Months before the election, Trump surrounded himself with members of the financial cartel, K Street insiders, and the same old think tank Keynesian pencil necks and neocon blowhards.
After the election, his transition team included former Rep. Mike Rogers, former Reagan Attorney General and Heritage Foundation fellow Edwin Meese, former President of Heritage Edwin Feulner, former Bush administration official and lobbyist Christine Ciccone, former Dick Cheney adviser Ado Machida, former Senate Budget Committee staffer Eric Ueland, and Sen. Jeff Sessions’ former chief of staff Rick Dearborn. The transition was headed up by New Jersey Gov. Chris Christie. Trump relied on the advice of former New York Mayor Rudy Giuliani, former House Speaker Newt Gingrich, and Sessions.
The Trump administration has a large number of Council on Foreign Relations members and associates on staff, including Goldman Sachs alumnus Gary Cohn, who Trump wants to make boss of the Federal Reserve. Other CFR members include his Treasury secretary, Steve Mnuchin, Rex Tillerson, his secretary of state, Neil M. Gorsuch, who now sits on the Supreme Court.
Stockman writes that “the Donald’s fatal error was to delegate economic policy to two Wall Street errand boys—Steve Mnuchin and Wilbur Ross—and especially to Goldman Sach’s next in line plenipotentiary to Washington, Gary Cohn.”
The financial bubble will burst soon and Trump will own it.
There’s plenty of blame to go around, however. Responsibility must be taken by those who so enthusiastically supported him and ignored all the warning signs flashing and blaring like four alarm fire trucks.
I’m talking about the alt-right crew led by Drudge, Breitbart, and Infowars, to name the most prominent. They have remained silent on Trump’s betrayal and insist he can still make things right. This is nothing if not delusion manifest.
Instead of demanding Trump do something about the bankster cartel at the Federal Reserve—as he promised during the campaign—and also put an end to the trillion dollar wars, also as promised, the alt-right crew is engaged in a running battle with their ideological polar opposites, the equally deluded Democrats, the Nuevo Marxists, and social warriors out on the extreme fringe.
This is not only pointless, it’s highly destructive. But then the ruling elite and the state rely on such distractions to keep the show going until the final scene.
The Democrats will agitate for Trump’s impeachment based on trivialities, but the bottom may fall out before they pull it off, thus allowing the neocon RINO Mike Pence to take over.
Meanwhile, out here in flyover country, things are looking grim. It will probably take a full-blown Greatest Depression before the people actually do something to “drain the swamp,” dismantle the Federal Reserve, and cleanse government of parasitical Wall Street leeches.