The Treasury Secretary chimes in on what any market watcher should know instinctively. Mnuchin talks tech: ‘I don’t understand these valuations’, yet the price on promises and future expectation of earnings has a large amount of the equity speculators and computerized trading in a crisis of sanity. Avoiding the fundamental relationship that a stock value is based upon the ability of a company to turn a profit, has become the hottest investment hoax since Bernard Madoff was pitching his Ponzi scheme. Uber, Snapchat and Twitter may be high flyers for the smart set, but for rational venture capitalists, plunking down gambles on risky enterprises that only feed on publicity hype is a sure bet on going broke.
The enormous energy spent on analyzing candidates and predicting elections is time wasted when the actual decisions are predetermined before the voting takes place. Even excluding voter fraud from the final count, the party selection process has made the decision. The pretense that primaries reflect the will of the electorate deceives the registered voter, amuses the party insiders and benefits the advertisement and media moguls. Ideas, policy positions and core principles take a back seat to the art of spinning and negatively defining the opponent.
Are you starting to feel that you have been here previously and have gone through this same drill before? Wagging the kosher tail in front of the controlled media is a rerun that the gullible public never gets tired of. Those who question the orthodox narrative are condemned as disloyal or agents of a foreign power. However, for those who are “stuck on stupid“, that alien country is never allowed to identify the Zionist cabal as the real force behind the imposition of the war party’s continuous conflict in avoidable bloodshed. The Pavlovian trained domestic wieners that contest any suggestion of a false flag formula, refuse to face facts. The drum beat for Armageddon always works to divert from the true defiler that operates as a fifth column against the genuine national interests of America.
Any discussion on the Federal Reserve inevitably will revert into the role of Jewish Bankers in the failures of the central bank. Resistance from the current Jackals of Jekyll Island prevents a Federal Reserve audit. The identity politics that absorb the banking elites usually revolves on money. However, when the financial establishment unites to shield the Fed to protect the likes of Greenspan, Bernanke and Yellen, one needs to ask why are Jewish Banksters put in charge of the central bank? Identity politics of the tribe comes to the rescue. The mere notion of asking such a question requires a slap down and charges of hatred.
If this is progress, just how much more can our economy afford? The myth of cheap prices, conveniently seldom factors in the structural costs to society. Building an all inclusive monopoly based upon minimal employees and predatory prices ignores the long anti-trust history that helped create the middle class. The last fifty years has demonstrated the systemic retreat from family prosperity, which has produced a vast disproportionate of wealth among the fewer haves and the growing have-nots. The enormous accumulation of market share that Amazon has steamrolled under the hypnosis of ease in selection of products, placing orders, timely deliveries, and most of all; cheapest pricing has caused the demise of much of traditional retail commerce.
The media three-ring circus focus on the forthcoming trial of George Zimmerman for the killing of Trayvon Martin has all the hallmarks of another rush to judgment. Conviction in the press is nothing new, when the dominant liberal bleeding hearts feel offended. Others can relish on every detail, motivation and circumstance, but this viewpoint obscures the fundamental conflict that exists in society. It is a social taboo to engage in a sincere and substantive dialogue on race in this country. The long history that consumes racial animosity will always continue as long as “Political Correctness” prohibits genuine honesty.
The failure of the GOP to repeal Obamacare proves once again that the establishment power structure maintains their grip on political policy. The incompetence of Paul Ryan is more closely described as a propensity to be a faithful stooge for the corporatist agenda. It is because of this assessment, which reflects the current state of conduct where nothing ever changes or actually improves society that keeps the malevolent system in place. Regretfully, Big Government is now the GOP Platform.
For every person, answering the question how to correct the course for America, there is a personal viewpoint that often varies upon circumstance. However, the underlying premise is that something is wrong that needs fixing. The couch potatoes drift through life voluntarily removing their involvement from the political process as much as possible. All one needs to upset this tranquility is to strike up a conversation with a stranger and dare bring up any political or social issue and ask for their opinion. Most seldom reflect upon specifics and even fewer are able to lay out a sound and cogent thought for righting the ship of state. Moreover, to the horror of any intelligent citizen, a very significant segment of the public is content with the status quo and sees no reason to change anything.
You have never seen an attempt to change direction in the Federal juggernaut, as outlined in the Trump budget to revamp discretionary spending. Bob Adelmann of The New American provides an apt appraisal in Trump’s “Blueprint” Budget Is a Policy Statement; Real Budget to Follow. For a full reading of this framework review the White House document. OMB Director Mick Mulvaney, has delivered a bold variation from the normal accommodation to the political careerists and influence peddlers.
The latest example of political hyperbole is that the U.S. Treasury is ready to default on its debt. An actual examination of the underlying facts is that the relative purchasing value of the currency has long ago swindled debt holder in U.S. Bonds of their promised returns. A default defined under this definition is part of the equation. Repudiation of the entire debt obligation is the real fear. Contrary to all the public scare tactics that the financial world will stop turning, the Federal Treasury has ample revenue to pay the interests on bonds and notes that come due. The essential issue is whether the new bond lenders are willing to roll over the debt that is coming due and keep the shell game going.