Category Archives: Clinton

Donald Trump is an Economic Ignoramus!

Trump & Trade II

Not surprisingly, Donald Trump has followed in the infamous footsteps of his presidential predecessors in the transition from candidate to chief executive.  Invariably, every candidate for the presidency makes a whole host of promises, the vast majority of which are horrible and typically only exacerbate the problems they attempt to resolve.  Among the proposals, however, there is an occasional bright spot.  Yet, once elected the stupid polices are eagerly pursued while the good ones are quickly discarded.

What was somewhat unique about Donald Trump was that he was the first candidate in a long while who had a number of refreshing and much needed proposals – border wall, “drain the swamp,” criticism of Ma Yellen and the Fed, rapprochement with Vladimir Putin and Russia, a deescalation of U.S. imperialism.  There were bad ones, too, but the good ones were enough to lead him to a smashing win over the Wicked Witch of Chappaqua.

Even before being sworn in, however, the president-elect began to downplay his most positive positions and emphasize the worst.  At the top of this list, and what Trump has been consistently wrong about since the inception of his political career, and even prior to it, has been “trade.”

Trump considers himself an “economic nationalist” in the mold of Patrick Buchanan.  Both, however, are simply wrong in this regard demonstrating that they do not have a grasp of the most basic of economic principles.

The latest Trump tirade on trade was reported during his recent trip to Europe and a meeting with high-ranking officials.  Trump is reported to have lashed out at German auto makers who the President accused of being “very bad” because of the “millions of cars that they sell in the U.S.”  The Donald bemoaned, “Terrible, we’re going to stop that” and added “I don’t have a problem [with] Germany, I have a problem with German trade.”*

Such talk makes Trump sound like a fool.  What is “bad” about providing American consumers with first-class automobiles that they apparently want in large quantities and are voluntarily willing to pay for?  And what of American workers employed with Mercedes Benz, BMW, and Volkswagen?  What is so horrible about the jobs and income that is provided by German firms to these workers?

Instead of berating German car manufactures, Trump should direct his ire at the immigration policies of psychopathic politicians like Frau Merkel.  Candidate Trump was very vocal about this and criticized European leaders for allowing their countries to be turned into multicultural cesspools.

The benefits of free trade and the baneful consequences of protectionism have long ago been elucidated by right-thinking economists, while the historical record has shown that lands which engage in “free trade” are decidedly richer than those that do not.  That Trump could spout off such nonsense about the evils of German trade shows how far the level of economic understanding has fallen.

Not only does free trade allow for the extension of the division of labor and specialization, but it has very important non-economic fruits.  When trade is unregulated, there is less of a tendency of trading partners to engage in bellicose actions toward each other.  Free trade and peaceful coexistence among nations are synonymous.  It is when trade is prohibited, skewed by governments to “protect” favored industries, which creates tensions among peoples.

Free trade does not require measures such as NAFTA or negotiated deals by politicians.  Instead, producers of one region are free to sell their goods at whatever prices or quantities to consumers of other areas that agree to buy them.  Ultimately, trade is up to individual producers and consumers in what they contractually agree to exchange, there is no need for political involvement.

Trump’s lambasting of the German auto makers, however, underscores a more fundamental problem with the U.S. economy.  America no longer produces goods that the world’s consumers desire, but instead, produces military hardware that it sells to despotic regimes which enables them to remain in power and wreck havoc on their enemies.  Predictably, this escalates tensions abroad while, domestically, the standard of living of Americans fall as scarce resources that could have been used in the production of useful consumer goods are diverted to the creation of murderous military armaments.

Trump has repeatedly boasted about his and his appointees’ abilities to negotiate great trade “deals.”  His bashing of the German auto makers right after his multi-billion dollar arms sales to the Saudis show not only that he is clueless in regard to the immense benefits of free trade, but that he is just another adherent, like his predecessors, to the ideals of crony capitalism.

*Tyler Durden, “Trump Slams ‘Very Bad’ Germans for Selling Millions of Cars in US: ‘We Will Stop This.'”  Zero Hedge 26 May 2017. http://www.zerohedge.com/print/596683

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

 

Pope Francis is at it Again

pope-trump

As if there are not enough sufficient reasons for right thinking individuals to want a Donald Trump Presidency, one of the biggest is that it would be a direct and quite necessary rebuke and humiliation of the purported head of the Catholic Church, Pope Francis.

Bergoglio has once again injected his neo-Marxist self into areas where he has no right to interfere.  Of course, this has never stopped this cretin from doing so before, especially when it comes to liberalistic causes such as climate change.  Whatever happened to popes that preached the Gospel, spoke of the saints, or expounded on doctrine?

In a speech given at the Vatican on November 5, Bergoglio spoke of not giving into those politicians who talk of building walls, but those who work to build bridges.  He condemned “physical and social walls” that “close in some and exclude others” and added: “mercy is the best antidote against fear” while it “is much more effective than walls, than barbed wire fences, than alarms and arms, and it is free.  It is a gift of God.”*

That the timing of Bergoglio’s remarks – on the eve of the Presidential election – criticizing those who actually seek to get a handle on unwanted and country-wrecking mass immigration is not surprising, but it is particularly revolting coming from a person who heads an organization that has done virtually nothing to end its own great Sex & Embezzlement Scandals.  This is a “Church” which has protected, hid, and actually promoted known perverts and rapist of children and young adults while its leader has the unmitigated gall to lecture American voters about not electing someone who will try and prevent the country from descending into multicultural disintegration!

What is surprising is that Bergogolio is again seeking to influence American politics on the heels of credible revelations that emerged from the investigation of Anthony “pervert” Weiner’s laptop of a child pedophile ring inside the Clinton Crime Family and their sleazy and demented associates and friends.  If Bergoglio had any political acumen he would have kept his big and nauseating mouth shut since now the Church’s own abominable, criminal actions with children and the Clintons’ will be linked in voters’ minds.  One can only hope so!

Bergoglio was elected, in part, to clean up the sex scandals and the financial improprieties which surround the Vatican Bank.  Instead of fixing the criminality and expunging the perverts, rapists, and embezzlers, Bergoglio has instead become one of the world’s leading social justice warriors.  Furthermore, he has been an unabashed opponent of the market economy constantly speaking of income disparity and the supposed exploitation of the poor which takes place under capitalism.

While Bergoglio has shown himself to be an ignoramus on subjects such as immigration, global warming, and economics, he is apparently quite deficient in his knowledge of the glorious history of his own institution.  Such a lack of knowledge is probably intentional since the Church’s rich past does not coincide with its new ecumenism, which was hatched during the tragic years of the Vatican II Anti-council, 1962-65.

It was the Catholic Church which organized the military forces on a number of occasions to fight and defend Europe from invading Muslims hordes.  Inspired by real popes, the Church rallied the Continent’s often indifferent and self absorbed political leadership to take up their crosses and liberate the Holy Land from the Muslim yoke.  Any talk of allowing Muslims to infiltrate European lands would be rightly countered with cries of treason and punishment in blood.

Such facts are no longer spoken of by Bergoglio or his Vatican II predecessors who have made every effort to encourage mass migration.  The historical record cannot be denied; it, therefore, must be ignored.

The election of Donald Trump will hopefully not only be the end of the Clinton Crime Family, but it will put a brake on destructive mass immigration while inspiring anti-immigration forces throughout Europe.  Moreover, a Trump victory will put in his place the self righteous “pope” who, through the office which he unworthily occupies, is just as dangerous to the future of what is left of Western civilization as a Hillary Clinton Presidency.

*Michael O’Loughlin, “Days Before U.S. Election, Pope Francis Warns Against Politics of Fear.”  America.  5 November 2016.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

 

 

It’s Still the Media, Stupid!

media-womd-lies

The US Presidential campaign has demonstrated once again that the mainstream mass media is still the dominant force and arbitrator of political events and if it is successful in pushing the Wicked Witch of Chappaqua past the finish line this November, it may have achieved its greatest triumph.  During the campaign’s stretch run, the mainstream media has used every form and variety of spin, distortion, half truth, calumny, and lies in its diabolical effort to make Killary Rotten Clinton President of the USSA.

The mass media – television, newspapers, movies, the Entertainment industry, book publishing, advertising, and now sports – is part of society’s opinion molding movers and shakers which form part of what Noble Prize winning economist F.A. Hayek called “intellectuals.”  This all important group are not simply nerdy academic professors with patches on their sleeves, but are those who have the ability to shape public opinion, as Hayek describes:

It is the intellectuals in this sense who decide what views and

opinions are to reach us, which facts are important enough

to be told us, and in what form and from what angle they are

to be presented.  Whether we shall ever learn of the results of the

work of the expert and the original thinker depends mainly on their

decision. *

Since at least the 1960s, the dominant opinion-molding sector of the mass media has been the electronic media, which has far outpaced newsprint and academia in influence.  While its power may be on the wane in the Internet Age, it is still the most powerful and important tool in the political elites arsenal for imparting their agenda.

The electronic media, through its use of pictures and images, has been able to manipulate political outcomes and shape public policy discussions at almost every turn.  As every media realist has long understood, the mainstream media has long been controlled by the Left which has used this power to counter any opposition to its narrative.

The major media outlets are controlled by five corporate giants – Time Warner, Disney, Rupert Murdoch’s News Corp., Bertelsmann of Germany, and Viacom – the largest purveyors of crony capitalism and cultural Marxism the world has ever witnessed.  No dissent is allowed to be heard on these outlets nor is there any hope of career advancement for journalists or writers if the Leftist paradigm is not trumpeted.

A free society does not exist because of a free press.  In fact, every society which has naively allowed a free press to exist, invariably finds that the press will seek to undermine it, especially its most innovative and successful individuals.  The reason, as Hayek so brilliantly explains, is that the press, and in this age the electronic media, is part of the intelligentsia which by its nature is envy ridden since it has little to offer the world in the production of actual goods and services.  Its members, therefore, are constantly denigrating their betters.

Such a mindset and sociological disposition will naturally lead members of the mass media to support politicians who will regulate, tax, and control the productive members of society.  This explains, in part, their vile and hysterical opposition to Donald Trump.  For Trump, unlike his crazed and corrupt opponent, has largely gained his wealth and position through his own intelligence, foresight, and hard work.

Offsetting media bias is a Herculean task and can only be done by one who is savvy and financially independent enough.  This is why Donald Trump has gotten as far has he has and has used his leverage to heroically call out the manipulations of the mainstream media.

It is surprising, therefore, that Trump agreed to the Presidential “debates” in a forum orchestrated by the media with “moderators” who would be gunning to undermine him at every turn.  Better to have chosen a neutral environment with an honest third party participant such as Brian Lamb of C-Span.  Agreeing to the same rigged debate format was a tactical mistake.

For anyone to seriously challenge the American Leviathan, it must be understood that the mainstream media is a part of that despotic structure and it too must be neutered.  Donald Trump has done more than any Presidential candidate to expose the treachery of the mainstream media, now others must take up the cause.

*F.A. Hayek, “The Intellectuals and Socialism.”  https://www.mises.org/sites/default/files/Intellectuals%20and%20Socialism_4.pdf

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

 

 

Donald and the “Maestro”

trump-ii            greenspan-ii

Former Federal Reserve Chairman Alan Greenspan, who was once laudably referred to as “Maestro” for his supposed astute stewardship of U.S. monetary policy, commented last week on the nation’s current political and economic climate:

We’re not in a stable equilibrium.  I hope

we can all find a way out because this too

great a country to be undermined, by how should

I say it, crazies.*

Well, if there is anyone who knows how to “undermine” an economy, it is the Maestro, since it was his “crazed” policies that brought about the 2008 financial crisis which ushered in the Great Recession that continues to this very day.

In a demonstration of how truly clueless Greenspan is about economic conditions, he cautioned that the U.S. is “headed toward stagflation – a combination of weak demand and elevated inflation.” Memo to the Maestro: stagflation is already here and has been for quite a while, especially when real economic gauges are used instead of the phony baloney numbers routinely lied about by the BLS and other corrupt state agencies.

The “crazies” that Greenspan refers to are, of course, the “deplorable” Trump supporters and The Donald himself, who the Maestro contends is responsible for “the worst economic and political environment that I’ve ever been remotely related to.” Oh, poor Alan has to suffer through an election where one of the candidates has not been approved by the ruling class.  Too bad.

Instead of carping about the current state of political affairs which, at least financially, he and his successor, Helicopter Ben Bernanke, largely contributed to, Greenspan should be grateful that he has had no reprisals for the financial crimes, chaos, and misery that he has afflicted upon the world.  Instead of significant jail time or worse, Greenspan is free to pontificate on current events, receiving hefty financial remuneration, and just as important for top members of the governing elite, ego-enhancing hosannas!

While Ben Bernanke has been a lifelong committed Keynesian and inflationist, Alan Greenspan, at least in his younger days as a member of Ayn Rand’s circle, was a free marketer who spoke positively about the efficacy and moral soundness of a gold standard.  That he abandoned these beliefs to go over to the Dark Side is further cause for retributive justice.

Greenspan’s betrayal was similar to those economists of the 1930s (Lionel Robbins most notable) who were followers of the teachings of Mises and Hayek, yet were swept away by the fanciful Keynesian deluge of the day and abandoned their economic senses and conscious for similar allurements which seduced the Maestro.  Had these economists as well as Greenspan stuck to their original principles, the world may not be in its current financial mess.

While Greenspan was lamenting the state of political affairs, the head “crazy,” Donald Trump, commented on the Maestro’s former place of employment.  Unlike the Maestro, the financial media, and just about every other politician, Trump had some perceptive things to say about the nation’s central bank, showing again that the billionaire businessman’s political acumen is quite good:

The Fed is being totally controlled politically because

Obama wants to go out with no stock market disruptions.**

The Republican Presidential hopeful could have easily added that the Fed’s policy is being deliberately carried out to ensure his Democratic opponent’s victory this fall.  A booming stock market is perceived by most as an indication of a vibrant economy.

Trump does not buy the supposed “independence” of the Fed from political influence and the conduct of monetary policy solely for the well being of the economy:

If it was a choice between the right decision and a political

decision… The Fed would choose the political decision.

Throughout the campaign, Trump’s instincts on political and economic matters have been quite good and hopefully if he does become chief executive those instincts will translate into positive change.

A Clinton Presidency would assuredly mean a continuation of the ruinous policies of Greenspan and his successors.  The election of Donald Trump could not only mean a new direction in monetary policy, but the public demotion of the likes of Alan Greenspan who will hopefully fade into the sunset never to be heard or seen from again.

*Rich Miller, “Greenspan Worries That ‘Crazies’ Will Undermine the U.S. System.”  Bloomberg.  14 September 2016.  http://www.bloomberg.com/news/articles/2016-09-14/greenspan-worries-that-crazies-will-undermine-the-u-s-system

**Tyler Durden, “Trump Slams ‘Totally Politically Controlled’ Fed, Sees No Rate Hike Until Obama Has Left.”  Zero Hedge. 15 September 2016.  http://www.zerohedge.com/news/2016-09-15/trumps-slams-totally-politically-controlled-fed-sees-no-rate-hike-until-obama-has-le

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

 

 

 

 

The Donald Versus Killary: War or Peace?

trump-vs-clinton

Although history does not exactly repeat itself, it does provide parallels and sometimes quite ominous ones.  Such is the case with the current U.S. Presidential election and the one which occurred one hundred years earlier.

The dominating question which hung over the 1916 campaign was whether the country would remain neutral in regard to the horrific slaughter which was taking place on the European battlefields in probably the greatest act of mass insanity ever recorded, World War I.

President Wilson had maintained that the U.S. would continue a policy of strict neutrality.  By all indications, the nation wanted no part of the war, with the President’s own party at his nomination delivering an emphatic “No” to any foreign intervention.

Although Wilson maintained a neutral policy through the election and briefly afterwards, his advisors and Cabinet had been lobbying for war and continued to do so even more vehemently after the President’s re-election was secured.  Nearly all of them, including Wilson himself, had deep financial, family, and political ties to J.P. Morgan.  Wilson received considerable Morgan financial backing for his two presidential runs.

The Morgan operatives within the Administration were pushing for war because the House of Morgan had “invested” heavily in the “Allied” cause and a defeat or a negotiated settlement with any favorable concessions to Germany would be a catastrophe for Morgan financial interests.

Germany understood the cozy Morgan relationship with the Wilson Administration and the Allied powers as Morgan representatives, especially the sinister Colonel House, had repeatedly rebuffed peace proposals from the Central Powers.  The Allies and their opponents understood that Wilson’s re-election would mean U.S. entry into the conflict.

Tragically, for the U.S. and for the course of war-ridden 20th century history, Wilson capitulated and brought the U.S. into the battle despite the campaign promise of neutrality and no real German threat.  The House of Morgan’s financial bacon was saved at the cost of a devastated Western world.

One hundred years later, the U.S. and the world stand at another critical juncture and face a similar choice: the election of a known war criminal who has not only shown no remorse for her murderous policies, but promises, if elected, to continue them; or the election of a candidate who has spoken of negotiating with America’s supposed principle enemy, a possible pull back in the nation’s unsustainable global empire, and the enactment of a legitimate use of federal authority – protection of the country’s borders.

It is difficult to believe that Donald Trump is not sincere in seeking accommodation and friendly relations with Russia.  It would be far easier for the billionaire businessman and would most likely secure his election if he followed the bellicose policy of the Democrat and Republican Presidents of the recent past who have continued to antagonize and threaten Russia.  The most hopeful sign for peace coming from the U.S. in quite a while has been Trump’s talk of de-escalation of tensions and a pledge to place American interests first in foreign policy, instead of mouthing the global domination designs of the crazed neocons.

Some of the things he has said about Vladimir Putin and Russia have been, to say the least, quite encouraging:

I think I would get along with Vladimir Putin.

I just think so.*

It is always a great honor to be so nicely

complimented by a man [Putin] so highly respected

within his own country and beyond.**

I have always felt that Russia and the United States

should be able to work well with each other towards

defeating terrorism and restoring world peace, not

to mention trade and all of the other benefits derived from

mutual respect.***

Although not a non-interventionist, a President Trump is unlikely to provoke Russia or China into a civilization-ending conflagration and has displayed the instincts of a true peace maker.

There is, however, little hope for a reduction of global tensions if his sociopathic opponent becomes Commander-in-Chief.  Killary has repeatedly demonstrated that she is a willing tool of the neocons and the global financial forces that will profit mightily from continued U.S.- instigated conflicts.  If she makes it past the finish line, either legitimately or more likely through fraud, she will surely do their bidding.

For once, politicians and pundits who routinely call every election “the most crucial of a generation” are right.  This year’s Presidential election is the most significant one since at least the fall of the Soviet Union and Eastern Bloc.  If the U.S. electorate wants to avoid the disaster not only to its own land and the world that followed in the wake of the 1916 election, there can be only one choice in November of 2016.

* , “Trump Says he Would ‘Get Along Very Well’ With Putin.”  NBCNews.com 30 July 2015.

**Maxwell Tani, “Vladimir Putin’s Praise is ‘A Great Honor.'”  Business Insider.  17 December 2015.

***Ibid.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/