Category Archives: Liberalism

The Student Loan Bubble and Economic Collapse

student loan bubble III

The inevitable collapse of the student loan “market” and with it the takedown of many higher educational institutions will be one of the happiest and much needed events to look forward to in the coming months/years.  Whether the student loan bubble bursts on its own or implodes due to a general economic collapse, does not matter as long as higher education is dealt a death blow and can no longer be a conduit of socialist and egalitarian nonsense for the inculcation of young minds.

The perilous condition of the student loan sector can be seen by looking at a few ominous pieces of data:

  • The US has around $1.3 trillion in non dischargeable loans to students
  • Over 120 billion in student loans are already in default
  • 27% of students are a month behind on their payments*

As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.

Not only have colleges and universities been havens of leftist thought for many years, but they have become ridiculously expensive and beyond the reach of most middle-class income earners to afford without going into significant debt.  Moreover, the incessant barrage by the Establishment about the necessity of a college degree has distorted the labor market to where worthless, debt-ridden degrees are pursued instead of much needed blue-collar employment.  The readjustment of the labor market to a proper balance will not only take time, but it will be a costly, painful process.

While the “hard” sciences have not been as effected by the Left, the social sciences have long been an intellectual wasteland devoid of any freedom of thought or opinion.  Promotion and recognition of academic excellence is, more often than not, based on diversity and one’s skin color not merit.  Arguably, economic science has been the most corrupted discipline.  Economics departments of major universities are now training grounds for employment in state and federal bureaucracies, the banking industry, and Federal Reserve where Marxism, Keynesianism, neo-Keynesianism or whatever kooky, nonsensical theory of the day can be put into practice.

While higher education has long been hostile to the ideals of Western Civilization, it is now explicitly a bastion of anti-white discrimination and hostility especially against white heterosexual men.  Few days now pass where there is not an incident, many of which are approved by school authorities, blatantly attacking white Americans or symbols that supposedly represent them.

Of course, the higher education apparatchiks have had an easy time in their brainwashing task since the impressionable minds in their charge have been indoctrinated by twelve years of public “schooling.”  Not only has the public school been a mechanism of social engineering, but it has constantly pushed its chattel to continue their “education” at the collegiate level.

The Trump Administration and most on the Right have failed to grasp the liberalistic bias of American education.  Education Department Secretary Betsy DeVos has spoken about “competition” via school choice, vouchers, magnet and charter schools to increase school and student performance.  The Administration’s proposed 2018 education budget calls for an increase in federal spending on school choice by $1.4 billion, a $168 million increase for charter schools, and a $1 billion increase for Title I “to encourage school districts to adopt a system of student-based budgeting and open enrollment that enables Federal, State, and local funding to follow a student to the public school of his or her choice.”**

These shopworn ideas and policies are not only fundamentally flawed and will make matters worse, but they will do nothing to counteract and or end the Left’s domination of education.  Instead, President Trump should do what he spoke of at times on the campaign trail and what President Reagan promised to do, but never did – abolish the Department of Education!

While the collapse of the student loan bubble may be the catalyst for a general financial downturn and will certainly be the cause of tremendous social pain and dislocation, it will, nevertheless, be a necessary prerequisite if America and, for that matter, the Western world is to ever break the grip of leftist ideology which rules it.  May the bursting of the student loan bubble commence!

*Tyler Durden, ‘”Staggering’ Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments.”  Zero Hedge.  15 April 2017. http://www.zerohedge.com/news/2015-04-15/staggering-student-loan-defaults-deck-27-students-are-month-behind-their-payments

**Jade Scipioni, “Why Betsy DeVos Is Visiting This Ohio School Today.”  Fox Business.  20 April 2017.  http://www.foxbusiness.com/features/2017/04/20/why-betsy-devos-is-visiting-this-ohio-school-today.html

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

 

 

The Cost of a Trump Presidency

Syrian Bombing

Last Thursday’s wanton attack on a Syrian air field by the US and its bellicose actions toward North Korea have brought to the forefront the real cost of candidate Trump’s landslide victory last November.

Unlike most laymen, accountants, and financial analysts, economists look at cost differently.  For economists, cost or more specifically, “opportunity cost,” means “a benefit that a person could have received, but gave up, to take another course of action.  Stated differently, opportunity cost represents an alternative given up when a decision is made.”

Such thinking can be roughly applied to the political realm.  In the case of last fall’s US Presidential election, the cost of Donald Trump’s unexpected victory was not the money spent on the campaign, but the diffusion (hopefully, only temporary) of the growing anti-Establishment groundswell that was percolating not only in America, but across the globe.

The Trump phenomenon, Brexit, Texas secession talk, anti-immigration gatherings, central bank scrutiny, the exposure and decline of the lying, dominant mass media, and other populist movements and causes were symptoms of the masses dissatisfaction with their exploitation by the ruling elites. Trump’s triumph has squashed and defused many of these populist uprisings since a number of his campaign themes empathized with these trends.

A similar situation occurred after Ronald Reagan’s victory in the 1980 election as the great anti-government wave, which swept him into power, dried up almost immediately since Ronnie was perceived as “one of us.”  Of course, Reagan was a disaster and fulfilled none of his anti-government campaign rhetoric, but instead went on to become, for a time, the biggest Presidential spender in US history.

A Clinton victory, although certainly tyrannical in the short run, would have, no doubt, furthered the anti-Establishment fires and inspired more.  For example, Texas may be now on the road to independence from the Federal Leviathan.

The ills that plague the US and, for that matter, the Western world, will not be solved through a Trump Presidency in “making America great again,” but will only come about through political decentralization and the abolition of central banking with a return to sound money.  Concomitant with political decentralization and secession is military contraction, as smaller political jurisdictions will have lesser pools of wealth to tap from while the absence of an inflationary central bank will make military adventurism extremely difficult to conduct.

Yet, before such a transformation can take place, an ideological foundation must first be established.  A Hillary Clinton Administration would have provided fertile ground for such change.

Since the groundwork for a depoliticized world has not been laid, a Trump Presidency made sense as long as he kept as close as possible to his campaign agenda, the most important of which was foreign policy.  His condemnation of the neocons’ policies which have bankrupted the nation, murdered thousands of innocents abroad, and heighten tensions everywhere was crucial in his shocking victory last November.  It is apparent that he did not understand how important this support was or he would have never undertaken such an utterly stupid decision.

With the strike on Syria and seemingly more military action in the offering, Trump’s Presidency is now the worst of all possible worlds, at least in the short run, for those opposed to the New World Order.  Most serious observers, however, understood, especially after the appointment of so many Goldman Sachs cretins, Israeli Firsters, and nutty warmongers to his administration, that Trump would eventually succumb to the pressure.  More importantly, Trump was never fully grounded in an America First mindset, probably not knowing where that term originated or its gallant founders.

All, however, is not lost.

Trump’s capitulation makes it abundantly clear that the system itself is beyond repair.  Getting the right individual to salvage the American welfare/warfare state cannot be done.  Trump had many advantages that no future candidate will likely possess which means that anybody that follows will be an “insider.”  Much of his base, therefore, will no longer support a future Republican candidate or will give him only lukewarm support .  With no independent personality to rally around, the millions of disappointed Trumpians will seek new governing paradigms which hopefully will lead to the growth of secession movements.

Ultimately, however, a permanent American foreign policy of non intervention, peace, and free trade will only come about when there is a change in the prevailing ideology of society where all contenders for political office espouse such a notion and today’s warmongers are seen for what they are: enemies of humanity and its Creator.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

Fidel Castro and the American Empire

castro

The death of the brutal Cuban Communist dictator Fidel Castro closes the door, in some respect, on another disastrous page in US foreign policy history.  For all the denunciations and criticism of Castro from conservative elements and exiled Cubans, his despotic rule was the outcome of decades of American imperialism which began with President William McKinley’s infamous decision to wage war on hapless Spain in 1898.

The defeat of Spain and the confiscation of its possessions, which the US imperialist and corporate forces had longed prized, set the stage for the nation’s hubristic foreign policy course throughout the 20th and 21st centuries.  America’s action against Spain showed its ungratefulness for it attacked the country that did more for it than any other (including France) in its struggle for independence.  Maybe Castro’s interminable reign, which had always been a thorn in the side of US globalists, was payback for America’s wanton aggression against Spain.

Castro’s rise to power came about not only through the bungling of American diplomacy, but also from genuine “populist” support directed against the thoroughly corrupt regime of the US puppet in charge at the time, Fulgencio Batista.  Even by Latin American standards, the corruption which existed under  Batista was legendary!

The US government played an enormous role in Batista’s second presidency which began when he seized power in 1952.  Throughout his second tenure, Batista received massive kickbacks from American multinational businesses for grants of monopoly privileges on the island.  The most notable was the ITT corporation.

Batista used his unjust gains to enrich himself and buy weapons to be used against his opponents. It was claimed that when he fled Cuba he took a personal fortune of $300 million with him. While Batista and his ruling clique were enriching themselves through US assistance, the Cuban population suffered as the gap between rich and poor continued to widen.

Like Castro, Batista was ruthless in political repression which even American politicians noticed.  In a speech during the 1960 presidential campaign, John Kennedy claimed that Batista had murdered some 20,000 Cubans!

Of course, the US empire learned little from the fiasco with Castro and continued on its rampaging, destructive ways – destabilizing, bombing, and squelching populist uprising across the globe.  No sooner had the island become a lone communist outpost in the Western Hemisphere and the “Cuban Missile Crisis” was defused, than the nation plunged itself into a far bigger and more costlier quagmire in Vietnam.

Donald Trump rightfully condemned Castro’s murderous reign:

The world marks the passing of a brutal dictator who

oppressed his own people for nearly six decades.  Fidel

Castro’s legacy is one of firing squads, theft, unimaginable

suffering, poverty and the denial of fundamental human

rights.*

The President-elect must, however, understand the reason why Castro came to power and was able to maintain his totalitarian grasp for so long if America is to begin a new and hopefully peaceful foreign policy path.

Trump promised that the US would do all that it can to bring about a “free Cuba:”

Though the tragedies, deaths and pain caused by Fidel Castro

cannot be erased, our administration will do all it can to ensure

the Cuban people can finally begin their journey toward prosperity

and liberty.**

The best way he could accomplish this task not only in Cuba but in regard to all other nations is to heed the words of America’s third president, Thomas Jefferson, on the proper foreign policy path for the nation: “Peace, commerce, and honest friendship with all nations – entangling alliances with none.”

Maybe the demise of Castro and the ascendancy of Donald Trump is not a coincidence, but an opening which points to a new direction in foreign affairs: one that rejects nation building, intervention, and financial terrorism against friend and foe alike.  Let us hope so.

*David Jackson, “Trump Condemns Castro as ‘Brutal Dictator.’”  USA Today.  26 November 2016.

**Ibid.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

Donald Trump & The Passion of the Christ

                                  the-donald-christ  the-passion

If Donald Trump can somehow defeat the Wicked Witch of Chappaqua despite vote rigging, outlandish media bias, backstabbing by his own party’s elites, and opposition of Wall Street, his victory may be the most serious setback for The Establishment since, perhaps, the release of Mel Gibson’s blockbuster movie, The Passion of the Christ.

Both Gibson and Trump faced seemingly impossible odds at the start of their quests and were viciously attacked and undermined by the usual Establishment suspects, yet, in Gibson’s case, he was able to beat the bastards at their own game producing one of the most accurate and authentic Christian movies ever made which garnered over a half billion dollars and numerous cinematic awards!

Unfortunately, Mel Gibson did not parlay his enormous success and cause further aggravation for the Entertainment industry with additional non-cultural Marxist features, but fell prey to booze and the pleasures of the flesh.  Moreover, Gibson, who was once a traditional Catholic who rejects the heretical changes brought about at the Vatican II Anti-council, could have been a force in a counter insurgency to rid the Church of its current horde of apostates including its head honcho.

If Trump wins he will have completed what earlier populists, most specifically Ross Perot and Pat Buchanan, had started, but were unable to complete.  A real challenge to the two-party duopoly could have taken place had Perot and Buchanan stuck with the Reform Party and built it up as a legitimate alternative.

A Trump Presidency will, at the very least, put a temporary halt to the totalitarian liberal order’s relentless drive to render American sovereignty and create a multicultural society via mass controlled (and uncontrolled) immigration.  There would be no return from such a demographic onslaught and political realignment, at least through the ballot box, with the only alternative being secession or the emergence of a strongman who would violently suppress the Left.

A Trump victory would not only be a blow against the entrenched political class, but like Gibson’s great movie, it would be a mighty and much needed knockdown of the mass media.  No presidential candidate has ever dared to openly take on the mainstream media and expose it for what it truly is – the propaganda arm for the New World Order and the purveyors of degenerate cultural Marxism.

The protagonist in The Passion of the Christ has often been referred to as “The Prince of Peace,” which is somewhat of a misnomer.  The Christ of the Scriptures is a fighter who spends a good portion of His ministry battling and upbraiding the corrupt Church officials and hierarchy of the day who were not properly shepherding His flock.

Similarly, Donald Trump has always considered himself a fighter (counter puncher) who has promised to get rid of the corruption and criminality that pervades the political establishment, especially the Clinton cartel.  Trump is uniquely qualified for such a task because, unlike nearly every other politician, he is not beholding financially to anyone.

Most importantly, Trump will set a new course in US foreign policy which will lead to a de-escalation in tensions around the globe especially with Russia.  High praise was attributed to the peacemakers by the Author of the Beatitudes who said: “Blessed are the peacemakers: for they shall be called children of God.”

Not only for America, but a Trump victory will have positive reverberations throughout the Western world which would surpass that of the surprising Brexit vote.  European anti-immigration groups and organizations would undoubtedly become further emboldened both psychologically and financially in their struggle to stem the tide of massive unwanted and society-wrecking immigration.  There is no telling what the effect would be when the chief executive of the world’s dominant power would be in sympathy with those who have courageously sought to preserve their families, heritage and way of life from the wicked designs of the New World Order.

While Mel Gibson self destructed after the phenomenal success of the The Passion of the Christ, his movie still stands not only as an inspirational and moving cinematic masterpiece, but as a glorious blow against the Establishment.  A Trump victory could mean an even greater strike against our globalist masters.

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’s Electoral Struggle

trump-map

After touting her pro-labor union record, the Wicked Witch of Chappaqua rhetorically asked, “why am I not 50 points ahead?”  Her chief rival bluntly responded: “because you’re terrible.”* No truer words have been uttered by any of the candidates about one of their opponents since the start of this extraordinary presidential campaign!

That Hillary Clinton is even remotely competitive in the race despite her flagrant and undeniable corruption, numerous breaches of national security, a long incompetent and bungling political career, and the utter lack of any personal charm or charisma, points to ominous trends within the American electorate that if not checked will mean political futility for future challengers of the status quo and continued economic deterioration.

Simply put: Killary is in contention despite a mountain of negatives because the “dependency class” of the electorate has mushroomed to such an extent that anyone who seeks its reform is automatically at a disadvantage, while candidates, no matter how vile, who promise to keep the gravy train rolling or expand it, will remain viable.  This is the dilemma that Donald Trump faces.

Most of the data in this regard is quite telling.  To show how far the US has fallen as an economic power, government workers outnumber manufacturing workers by 9,932,000!  The three levels of government – federal, state, local – employ some 22,213,000 people while the manufacturing sector employs 12,281,000.**   Parasitical bureaucrats outnumber those who actually create wealth by almost double.  Not only is this a recipe for economic stagnation and decline, but it creates an entrenched voting bloc and contingency for government-friendly office seeking politicians.  There have been few if any more government-friendly figures over the past century than Hillary Rotten Clinton!

Those who are dependent on the State goes far beyond mere government employees: 46 million receive food assistance, 66 million people are “Social Security” recipients, 8 million people receive “unemployment insurance.”  Federal government spending on for-profit firms comes to some $500 billion, which Charles Murray has estimated is about 22% of the workforce or about 36 million people.  Non-profit organizations and NGOs with income of $2 trillion and 12 million employees receive about one third of their funding from the government which accounts for another 3 million dependents.  This brings the total American State-dependency class to a staggering 181 million members!***

Summing up this disturbing data, the eminent economist and philosopher, Hans-Hermann Hoppe wrote:

                   . . . only 79 million people or about one third

of the adult (above 18) US population of 260 million

(or about 25 percent of the total population of 320

million) can be said to be financially wholly or largely

independent of the State, whereas close to 70 percent of

the US adult population and 57% of the total population

are to be counted as State-dependents.****

These trends will be accentuated, to say the least, if Donald Trump is defeated, which will give Hillary and the Republican-amnesty crowd free reign.  After grants of amnesty for the millions of illegals already in the country are given and opening of the nation’s borders to even more, any hope of true reform of the welfare state will be extinguished.  Moreover, it will further burden those of the productive, non-dependency sectors of society who will have to support even larger groups of parasites and free loaders.

The Left clearly understands what is at stake, which is why they see Trump’s anti-immigration stance, his talk of closing agencies (Department of Education), and grappling with federal spending as a direct threat to their power base.  This is why they are apoplectic in their opposition to the billionaire businessman turned presidential contender.  He and his constituency are, for the most part, outside of the dependency class.

A population that is increasingly tied to government largesse is obviously not conducive for economic growth.  For Donald Trump to make America great again, the nation’s burgeoning dependency class must be halted.  Not only will this mean that the “Trump Movement” will not be a passing political fad, but will have a necessary and lasting impact.

That Hillary Clinton is not significantly ahead despite her enormous advantages must be cause for a lot of sleepless nights among the power elite.  A Clinton Presidency would secure the Left’s electoral dominance for years to come.

One man stands in their way.

* Guy Benson, “Question From Hilary Clinton” ‘Why Aren’t I 50 Points Ahead?'”  Townhall.  22 September 2016.  http://townhall.com/tipsheet/guybenson/2016/09/22/question-from-hillary-clinton-why-arent-i-ahead-by-50-points-n2222202

**Terence P. Jeffrey.  “Government Workers Now Outnumber Manufacturing Workers by 9,932,000.  CNS News.  2 September 2016.  http://www.cnsnews.com/news/article/terence-p-jeffrey/government-workers-now-outnumber-manufacturing-workers-9932000#disqus_thread

***Hans-Hermann Hoppe.  “Democracy, De-Civilization , and Counterculture.”  HansHoppe.com.  26 September 2015.  http://www.hanshoppe.com/2015/09/democracy-de-civilization-and-counterculture-pfs-2015/

****Ibid.

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/