Two Divergent Platforms: Donald Trump’s Main Street -VS- Hillary Clinton’s Wall Street…

Anyone thinking Donald Trump is not intensely serious about America-First economics received a massive dose of reality when they realized Donald Trump put reinstatement of Glass-Steagall into the Republican Platform:

We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment,” said the platform released by the Republican National Committee. (link)

Trump thumbs up

CONTEXT – Beyond the larger context of Globalists VS Nationalists (Americanism), the internal opposition to Common Sense economic conservatism (Americanism) can be broken down into two categories:

♦ The first group are those who are fundamentally naive about large and historic economic issues; and how the economy was changed, forced to change through the past forty years, by financial interests who created a second, “false“, paper economy.

This first group is generally young, pseudo-intellectual, and their only reference is while formally educated within the last thirty years (they’re under 50). Most of the oppositional (conservative) punditry falls into this category. [Important to note, this group is also joined by the majority of politicians who are approximately the same age.]

Never trump crowd

♦ The second group are those who truly know better. They are older and wiser, they know the truth because they saw it unfold. However, they are also financially dependent on retention of a global narrative that sold the change in the past 40 years. These are the willfully blind who have sold-out to the benefit of, and enrichment from, the false economy.

This second group is intent on retaining a historic set of false assumptions by fraud and deception. Mark Levin, Rush Limbaugh, Chris Matthews and Hugh Hewitt fit into this second grouping. Their framework echo-chambered and passed down to the younger group #1.

Exhibit “A” would be conservatives standing at CPAC to applaud Speaker Paul Ryan who passed a $2+ trillion Omnibus spending bill to ensure 8 straight years without a budget. See the disconnect?

ben shapirorich lowry

The world-view of the first group (younger voices, CPAC seal-clappers) is fundamentally seeded on social issues. They are in no position to speak accurately about economic matters because they don’t have a reference point underpinning their expressed outlook.

Their Gen-X and Millennial economic arguments are esoteric opinions . They never experienced the era of industrial giants; they have no form of reference.

♦ In most of the modern post-war industrial era (1950-1980) banking was a boring job and only slide rule bean-counters and actuarial accountants moved into that sector of the workforce. Most people don’t like math – these were not exciting jobs. Inside the most boring division of a boring banking industry were the bond departments within the larger bank and finance companies.

The excitement was in the actual economy of Main Street business. The giants of industry created businesses, built things, manufactured products, created innovation and originated internal domestic wealth in a fast-paced real economy. Natural peaks and economic valleys, as the GDP expanded and contracted, based on internal economic factors of labor, energy, monetary policy and regulation.

Main Street generated the pool of political candidates – because the legislative conduct of politicians had more impact on Main Street.  Simply, the business agents had a vested interest in political determinations. Political candidates courted industrialists, business owners, and capitalist giants to support them. As a consequence Main Street USA was in control of DC outcomes.

Despite the liberal talking points to the contrary, this relationship was a natural synergy of business interests and political influence. It just made sense that way, and the grown-ups were generally in charge of it.

government-money♦ Commercial banks courted businesses because bankers needed deposits. Without deposits banks could not generate loans; without loans banks could not generate profits…. and so it was. By rule only 10 percent of a commercial bank’s income could stem from securities.

One exception to this 10% rule was that commercial banks could underwrite government-issued bonds. Investment banks (the bond division) were entirely separate entities. The Glass-Steagall banking laws of 1932 kept it that way.

However, mid 1970’s bank regulators began issuing Glass–Steagall interpretations -that were upheld by courts- and permitted banks and their affiliates to engage in an increasing variety and amount of securities activities. After years of continual erosion of the Glass-Steagall firewall, eventually it disappeared.

This became the origin of the slow-motion explosion of investment banking. If you look back historically from today toward 1980 (ish) what you will find is this is also the ultimate fork where economic globalism began overtaking economic nationalism.

Banks could now make money, much more money, from investment divisions issuing paper financial transactions, not necessarily dependent on actual physical assets. The transactions grew exponentially.

The bond market portion ultimately led to the ’07/’08 housing collapse, and derivative trading (collateralized debt obligations or CDO’s) generated trillions of paper dollars. Long before the ’08 collapse, business schools in 1980 began calling this the second economy (a false economy, or the invisible economy).

The second economy, which ultimately became the global economy, is also the Wall Street investment economy. Two divergent economies: Wall Street (paper), and Main Street (real).

There is no real property, real capital, real tangible assets in the Wall Street economy. The false economy is based on trades and financial transactions, essentially opinions. Paper shifts, and buys and sells based on predictions and bets (derivatives).

Insurance products create an even larger subdivision within the false economy as hedgers wagered on negative outcomes. The money wagered is exponential – some say more than a quadrillion currently floats.

♦ Now you realize, in hindsight, there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street). Investments, and the bets therein, needed to expand outside of the USA. hence, globalist investing.

However, a second more consequential aspect happened simultaneously.

a17b2-hip-replacement-recall-briberyThe politicians became more valuable to the Wall Street team than the Main Street team;  and Wall Street had deeper pockets because their economy was now larger.

As a consequence Wall Street started funding political candidates and asking for legislation that benefited their interests.

When Main Street was purchasing the legislative influence the outcomes were beneficial to Main Street, and by direct attachment those outcomes also benefited the average American inside the real economy.

When Wall Street began purchasing the legislative influence, the outcomes therein became beneficial to Wall Street. Those benefits are detached from improving the livelihoods of main street Americans because the benefits are “global” needs. Global financial interests, investment interests, are now the primary filter through which the DC legislative outcomes are considered.

There is a natural disconnect.

♦ When Speaker Paul Ryan says: “Donald Trump and I come from two different wings of the party”, he is specifically pointing out this disconnect, yet few draw attention to it.

Trump represents the Main Street wing, Ryan represents the Wall Street wing.

Going back to the opening paragraphs. The news and opinion punditry never take the time to explain the root cause of the disassociation, because: A) Group one doesn’t understand it; and B) Group two is compensated to remain willfully blind, and to ignore it.

Yes, there is a fundamental ideological conflict within this 2016 election:

us coc mexico

Wall Street/Globalists (Clinton’s, Ryan’s, Reids  and McConnell’s)

 -vs-

Main Street/Nationalists (Trump’s and Sessions’)

trump lion

trump and sessions

 

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This entry was posted in Big Government, Big Stupid Government, Clinton(s), Desperately Seeking Hillary, Donald Trump, Election 2016, Fabian Socialists - Modern Progressives, media bias, Uncategorized. Bookmark the permalink.

158 Responses to Two Divergent Platforms: Donald Trump’s Main Street -VS- Hillary Clinton’s Wall Street…

  1. Backspin says:

    Abolish the ” feral ” sp. Reserve also. It’s no more federal than Federal Express , and has no reserves …. except us , taxpayers. We need to return to United States Notes = Lawful money.
    The power of ‘ The Creature From Jekyll Island ‘ is both massive and insidious. It INFECTS our land.

    Liked by 23 people

    • odious debt says:

      This is so true.

      Liked by 2 people

    • SteveFrench says:

      Audit the Fed. My #1 reason for supporting Donald J. Trump. Shed sunlight on the federal reserve and he changes the course of history.

      Get em’ outta here! OUT OUT OUT…..looking at you, Rothschilds

      Liked by 7 people

      • notamemberofanyorganizedpoliticital says:

        Isn’t the Federal Reserve is a private, “for-profit” corporation?

        Liked by 1 person

        • Daniel says:

          It’s a fun and unconstitutional game they’ve been playing all this time. Funny thing is, there have been several attempts prior to this Federal Reserve system in the past and they were either rejected because of the risk it presented or failed outright. This one has been running for a while and has had the damage it can cause limited both by internal policy and by legislation but that also interferes with the higher yields of more risky activities… so they just HAD to get that out of the way…. right?

          Like

    • CJ says:

      The Federal Reserve needs to be reformed so it manages and audits the banks only. It roles in printing currency and setting inflation and investment rates need to be abolished. There are other reforms needed but this is a start

      Like

  2. The Boss says:

    So many people are financially retarded because our schools wasted time ‘teaching’ useless concepts like diversity, junk sciences like man-caused climate change and American revisionist history, which manifested itself in obama’s apology tour.

    As mentioned in another comment, I see loads of opportunity for motivated producers in the lower- and middle-classes. Of course, we need to get Trump over the finish line in November. After that, things will happen so fast that progressives’ heads will be exploding non-stop (which is not a bad outcome at all).

    Liked by 24 people

  3. any idea when and where this picture was taken?

    Liked by 1 person

  4. Ziiggii says:

    LOL – “CPAC seal clappers…”

    Liked by 7 people

    • Margaret-Ann says:

      Now that is funny. I pictured the “norm”.
      😀

      Liked by 2 people

    • georgiafl says:

      CPAC also went all pro-Islam in 2012…. would not allow Pam Gellar to speak.

      Grover Norquist is married to a Muslim, and there’s all the globalist/diversity stuff.

      Europe is getting wise to the truth about Islam and its followers though their leaders still won’t admit it.

      Wait until all the Obama imports start their car burning, r4ping, car hijacking, home invasions, etc. on US soil.

      Liked by 6 people

      • georgiafl says:

        ….oh yes, and the church burnings and bombings, kidnapping Christian girls.

        What a lovely repertoire of Islamic modus operandi we can look forward to here in the USA
        http://www.thereligionofpeace.com

        Liked by 2 people

      • Blaze says:

        The Muslim raping is already on our soil. Twin Falls, Idaho to be exact. Everyone reading here should study this sad case which happened just this past June 😦 Breitbart has lots of info on it even yesterday.

        Liked by 3 people

        • georgiafl says:

          Most states where the Islamic hordes are being relocated and illegals have clustered have experienced extremely high crime rates and outbreaks of 3rd world diseases and pestilence – lice, scabies, bed bugs, etc.

          Liked by 2 people

        • irenehull says:

          Our media is totally covering what is happening with this rape! Be prepared for this being a normal everyday occurrence in our western society. If nothing is expected from the media, then we will receive nothing! So many watergate type stories available to investigate, and all you get from our media is dribble!

          Like

      • Matt Musson says:

        According to the CDC 500,000 American women and girls are at risk for genital mutilation.

        Liked by 2 people

  5. This is a great start, but what will really bring freedom back to our people and our country is the repeal of all legal tender laws. The monopoly power that the central bank (and large private banks) have over the issuance of our money is what has been draining away our prosperity for the past several decades. There needs to be competition in the issuance of money by private enterprise, the States, and Congress. And money needs to be the private property of depositors – and cannot be loaned out against the will of depositors like in our fraudulent fractional reserve banking system we have today.

    Liked by 5 people

    • Congress needs to return to Hamilton’s banking system set up for the U.S. Yes, we need to go back to the principles set forth after our founding.

      Liked by 3 people

      • All local taxing authorities could issue currency up to 50% of their annual collections and use it to pay bills, perform needed services etc. This currency would automatically have value if the taxing authority accepts it for payment of taxes, heck they could even offer a 5% premium for using it to pay taxes ($1 pays $1.05 in taxes), this would facilitate it’s use in paying taxes and add an incentive to circulate it, an incentive would help ensure that it is recycled ie turned in for tax payments.

        Like

        • I spoke at length to a fraternity brother who works for the treasury dept a few years ago about all of this… I stated that local banks made loans and recycled the money locally… when the banks became regional the money was siphoned to the regional location, then national siphoned to NY, international … siphoned to Belgium or Brussels etc… I said there is not a lack of work to be done nor laborers to do the work… there is a lack of currency to pay the workers,

          Liked by 1 person

          • More accurately, there is a lack of capital, because our capital is redirected (stolen) by the machinations of the unholy alliance of the state, the private banks, and their captive central bank. This is done via interest rate fixing, market manipulations, currency manipulation, money printing, deficit spending, and so on..

            Like

    • bertdilbert says:

      guerillapatriot

      Nobody is going to be responsible for your money for free. If you want your money not to be lent out and there is no income opportunity for the bank, then that transfers out to full cost of business subtracted from your money.

      This could be avoided by creating a banking tax paid out from general revenue to the banks to compensate them for the cost of holding and servicing dead money. Then the bank could operate without directly charging you for services rendered.

      Like

      • There’s no need for a circular tax. It should be expected that secure storage of your money without fractional reserve lending should incur a reasonable cost on the depositor. The fact that it is “free” today is actually strange when you think about it, but it is not actually “free”. The system costs us dearly. Monopolized money and bank fraud regarding depositor ownership rights is the elephant in the room that nobody talks about. Even Trump doesn’t talk about it.

        Liked by 1 person

  6. feralcatsblog says:

    Howling Mad Mark Levin, who oozes hate from every … … pore, is in a class all by himself. Rush Limbaugh may not be perfect, but he is not howling mad.

    Liked by 2 people

  7. janc1955 says:

    SD: Thanks so much for these types of informative articles. I’m 60, and my gut has been telling me for decades we are headed in the wrong direction in this country on so many levels. It’s wonderful to be able to connect my gut to actual facts that connect the dots for me.

    Liked by 15 people

    • notamemberofanyorganizedpoliticital says:

      It has been the Roman’s “bread and circuses” all over again for the past few decades.
      Cheap, manufactured unhealthy food (promoted by the FDA) and brainless entertainment (PBS, reality TV, etc. etc. etc.).

      Liked by 2 people

  8. ron says:

    Trump needs to blanket the battleground states with the America Soaring ad. The other arguments–Hillary’s health and mental state, Benghazi, etc.–are a waste of time. Trump has great credibility in this area.

    Liked by 12 people

  9. janc1955 says:

    Feral – that was in AZ as I recall. They parked the motorcade on the side of the highway and everyone, including Trump, made their way over walls and through shrubbery to get to the facility. Someone dubbed the video “Like a boss!”

    Liked by 2 people

  10. chasingfactsblog says:

    Trump and we have to remain relentless….Trump is a gift. Wish we could have done this sooner.

    Liked by 7 people

  11. ron says:

    The America Soaring ad was produced by a pac. Trump needs to do something like it or else purchase it somehow. It feels good. It’s soothing. It’s optimistic and hopeful. Its shows a satisfied black worker, addressing subliminally the problem of high black unemployment. It makes its case clearly and interestingly. It’s a first class video that the public will watch approvingly, very reminiscent of Morning in America.

    Like

  12. chasingfactsblog says:

    Check out Fesslers. over 100 year old company in Pa. Had to shut down in 2012…Asian competition = “Nafta and no loans/financing from banks.
    http://www.thenewamerican.com/economy/sectors/item/13633-american-manufacturing-loses-another-member

    Liked by 12 people

  13. Hillary-falls-a lot.

    Like

  14. ron says:

    Can we stick to the subject? This is a thread about the economy. Hijacking it to talk about something else is a distraction.

    Liked by 4 people

  15. tz says:

    Some Libertarians fail to understand Glass-Stegal.
    If you want to repeal it (or keep it such) repeal the FDIC insurance so your deposits might go poof if the bank instead of loaning to local people wanting mortgages, or local businesses, speculates on the Yuan, Yen, Euros, Stocks, Bonds, Commodities, or something else and loses all YOUR money but be honest that they are placing bets on a roulette wheel.
    Fractional Reserve Banking is technically a fraud. They should call it a mutual fund that can suspend redemptions and that your principal is at risk.

    The evil comes from using Government insured deposits to do high-risk speculation.

    If I want to speculate, I can open brokerage account and even do options and commodities and futures. If I don’t, the bank shouldn’t do so for me by proxy.

    Liked by 8 people

    • Exactly, your money should be your property, even (or especially) if it is on deposit with a bank. Fractional reserve banking is fundamentally a violation of citizen property rights – pretending that the money is on deposit in your name with the bank while in fact it has been loaned out to garner interest for the bank (depositor gets almost nothing but takes all the risk!). Glass-Steagal is only the first step in the right direction toward breaking the stranglehold that the big banks and the central bank have over our economic well-being.

      Liked by 3 people

    • Charlie says:

      help me please…
      On Rush today he touched on Glass-Stegal and came off pissy. Been reading about GS but can’t wrap my arms around why RL would be against repealing GS.
      It’s common sense, get back on a sound footing.

      Like

    • triper57 says:

      If they play the market with your money(deposit) do you think they pay you any part of the money generated from those transactions? Really, if they make any money it goes to pay the commission to the manager that placed the bet. The rest goes to the CEO and executives for bonuses and any left goes to the stockholders. You as a depositor get nothing. How much have you gotten for your deposits in the last 20 years? The Fed has seen to it that you get nothing back from your deposits since the deposit rate has been tied to the Fed discount rate.

      Like

  16. Margaret-Ann says:

    What does THIS have to do with this post/article.

    Come on people! Geesh. 😦

    Liked by 1 person

  17. Margaret-Ann says:

    Thank you, Sundance, for taking the time to explain all this. Now I can look back and be grateful that my dad started a business in 1965 instead of taking a position offered to him, at a big bank. I also understand why he had so many banking friends 😉

    NOW I understand much more about Trump from your article, as well as what Ryan is about. You’ve answered many gray areas I never could comprehend.

    I am so HAPPY Trump is Main Street! 😀

    Liked by 6 people

  18. Capitol says:

    Dang! I’m Gen-X (far side) and I get it and remember how things have changed. Haha. Well, maybe it’s because I work in the financial industry.

    Liked by 3 people

  19. starfcker says:

    I see Huma with the diaper bag!

    Like

  20. SPMI says:

    Bravo! Back to banks being banks.
    Bank”you give us $100,000 and we will loan you &1000,000 at 3% interest.” What is the return on
    loaning other people’s money back to them with
    Interest? Pretty damn good and it’s all they have to do.
    The American People will take care of the rest.

    G O D J T R U M P!!!

    Like

  21. SPMI says:

    Oops $100,000 for $100,000 @ 3%

    Like

    • Backspin says:

      SPMI and guerlliapatriot : It is even worse than that ( but you’re on track ) With ponzi fractional reserve banking , if I deposit $ 100 dollars in the bank they say thanks , pay little or no interest and open their Loan Window. How much do they loan out you ask ?
      100 $ .. Nope …. 50 -75 $ ? nope. The bank calls your $ 100 dollar deposit a 10% Asset Reserve , they then Loan $ 900 … yes NINE Hundred in NEW dollars into circulation , it springs into being by the ” ACT ” of being a new loan. The same as if you or I made Xerox copies of a single $ 100 bill. The same as if Treasury printed new bills !! – ( Total SCAM )
      **** This is where inflation REALLY comes from !!! **** G. Edward Griffin calls it —–
      The Mandrake Mechanism , after the magician. His book – Creature From Jekyll Island is essential reading , it’s also a good read ,well done.

      Liked by 3 people

      • Backspin says:

        Intro to The Fed.

        Liked by 1 person

      • Sam says:

        Backspin, I read The Creature from Jekyll Island a few years ago after an Israeli friend recommended it. What an eye-opener! The Fed and the global economy it enables is just a house of cards. It’s a good read.

        Liked by 2 people

      • All I can say is that the entire establishment power structure rests on the unholy alliance between agents in the federal government, the big private banks, and their captive central bank (the Fed). A similar arrangement exists in Europe. ISIS and the Islamic migrant invasion are being aided and abetted by this alliance, whom we broadly call the globalists, as a divide and conquer distraction away from the very instrument of our enslavement, which is monopolized money and institutionalized banking fraud.

        Like

  22. andymilken says:

    Check out the rotten’s foundation tax returns (1 in ARK and 1 in NY)- https://www.publicintegrity.org/2016/08/03/20030/search-nonprofit-network. Check out the
    “shell” companies outside the U.S.

    Liked by 1 person

  23. Keln says:

    I wonder when was the last time we had a president who actually understands these things?

    Liked by 6 people

    • Bull Durham says:

      Ike. and he warned us when he left, 1960.
      We need to fix our country and take control of the government. They are not one and the same. The good part is Trump’s fixes for the economy and society will weaken the tyranny of the government. But he has to purge every branch and every department and agency and all the corruptors outside.

      Liked by 7 people

      • You just made a great case for why at least half of the departments should be sent to the states and abolished.

        Liked by 1 person

        • notamemberofanyorganizedpoliticital says:

          Especially with technology making…oh maybe as high as 100% of the “people” jobs in some of those agencies redundant. However they currently featherbed government agencies with $100,000 plus salaried, worthless nobodies of no skills.

          Bull, I came to realize this summer that Ike meant the danger was right then (1960) when he warned beware the military-industrial complex. Note what came right after Ike – JFK sticking the U.S. into Viet Nam, LBJ (another crooked Democrat), etc. etc. etc.

          Liked by 1 person

          • The millions of overpaid government employees and contractors who essentially cannot cut it in the free market is part of the reason why there is so much push back to Trump’s reform agenda. These people could never make the money they are currently making in the private sector.

            Liked by 1 person

  24. Sorry for being off topic, but Bill Stills makes a big deal of the MONSTER VOTE but no credit where that came from.

    Liked by 1 person

  25. Trump will be in my state tomorrow! “The club sold 1,500 tickets by Friday’s noon deadline.”

    http://www.crainsdetroit.com/article/20160806/NEWS/160809873/trump-s-speech-monday-in-detroit-moving-to-cobo-center

    “Donald Trump is set to give a major economic speech in Detroit on Monday. In general terms he will propose lowering marginal tax rates on both large and small businesses and on all income classes. He also will set forth a hike in the standard deduction for families and special deductions for childcare and the elderly.”

    “All of these polices will help the middle class. Trump’s plan will generate substantial new investment, business formation, jobs, and growth — and hence higher wages.”

    http://www.nationalreview.com/article/438747/donald-trump-will-outline-pro-growth-pro-middle-class-tax-cut-plan-his-economic

    This is something coming from the National Review!

    Liked by 6 people

  26. Sentient says:

    Sundance, this was another great summation of what has happened to our economy. The “financialization” and securitization of everything. I hear that there are now ten year car loans. Won’t Tokyo and Seoul love that? Most of our economy is now the “FIRE” economy (finance, insurance, real estate). We still use “stuff” – we just don’t make most of it. It doesn’t have to be this way.

    When young people hear Trump’s slogan “Make America Great AGAIN” – they don’t get the “again” part. Some of them actually believe he’s talking about blacks sitting in the back of the bus. They don’t understand (as you said, they have no frame of reference), that there was a time when black men and white men with high school educations could feed their wives & kids, buy a house, maybe buy a boat, take a vacation… by working in a factory. Not everybody can be a bond trader or a professor spouting off about “white privilege”. We can’t have an entire economy of dog walkers and yoga teachers, either. We need to bring production back to the US. It won’t fix everything, but it’s a damned good start.

    Liked by 11 people

    • donebydesign says:

      Agree sentient. I’ve lived it, watched it, knew it was amiss, but at a loss to put it in words.
      I encourage Sundance to keep posting this excellent and concise explanation for all the new eyeballs arriving here at CTH. I recall this theme a few weeks back but glad to read it again. Gives me talking points for persuasive political conversation…

      Liked by 2 people

  27. Molly's Pitcher says:

    Let us also remember that Wall Street and the mega banks walk hand-in-hand with the Military Industrial Complex. Finance both sides, and it’s a win-win for the globalists and a great loss for the rest of us. It would be a win for the world if they could be charged, tried and convicted for crimes against humanity, have their assets seized and shut down forever.

    Liked by 5 people

  28. Sentient says:

    During the debates, I hope Mr. Trump points out that Apple is, in a sense, an Irish company. Apples has created foreign subsidiaries so they can pay Ireland’s tax rate rater than the US corporate tax rate. Even Obama claimed to understand the need to cut the corporate tax rate. He went so far as to mention it in his 2011 State of the Union speech. Unfortunately, Obama didn’t really mean it. If Hillary really wanted to cut the US corporate tax rate, she’d be talking about it.

    Liked by 2 people

    • They should abolish it because it’s passed on to us as consumers. I’d take a tariff under Trump’s tax plan.

      Like

      • Tparty says:

        The corporate tax is and was always constitutional. It’s the personal income tax that is unconstitutional and should be abolished. A reasonable corporate tax level combined with entry/exit trade tariff will allow the elimination of personal income tax at levels up to and beyond the middle class. Abolish the IRS …..

        Like

    • chasingfactsblog says:

      Johnson Controls by September will be Irish.

      Like

  29. JeremyR says:

    As much depth as is here, it only scratches the surface of what has and is happening. Other more sinister factors also come in to play because there are people like George Soros who are intent on destroying this nation.
    I think Sundance could write additional material on this subject for a year and not run out of important points. It has been over a hundred years since the banking powers first gained a foot hold. Since then we have shifted of the gold standard to a fake standard. Check your wallet, that is not money, it is an iou from a bank. That paper is going away fast as well, more people are using plastic for the sake of convenience, but it has major down falls. Your card being stolen is the least of it, but it is the focus for the next major push. Soon we will be offered the chance to keep our money on a chip embedded in our body. Safe from thieves, but your wealth can be wiped out with a key stroke.

    Liked by 5 people

  30. Sanj says:

    CTH today has been a cross between ‘The Creature from Jekyll Island and The Matrix” well done Sundance!! Your ability to weave a narrative across many disciplines is truly remarkable.

    Liked by 3 people

  31. Liked by 3 people

  32. May be a wrong thread! But…
    SD you can remove this if not in the right thread!

    Like

    • Bull Durham says:

      There is no wrong thread for the Truth. Breaking New! The Truth breaks through the stonewall.

      Actually, if she has seizures and blacks out, the world will be safe during those times. That’s the up side.

      Like

    • sundance says:

      It’s an audiophonic trigger. Push a button and you are speaking into a microphone.

      Liked by 1 person

    • MouseTheLuckyDog says:

      how do they know it’s diazepam?

      Like

    • lorac says:

      Not everything you read is true. That’s likely a flashlight or something else. Diazepam is Valium, which has various uses. And if Hillary needed emergency injections of anything, the guy wouldn’t be blatantly walking around with a syringe in plain sight, he’d have it in his pocket, hidden but easy to grab.

      Like

    • CJ says:

      Does any know who this handler is? He appears to be the same person seen in the video of Hillary freezing during a recent rally.

      Liked by 1 person

  33. Bill Kristollnacht says:

    Wall St. is great because it pays for all of my Pet NeoCon Wars.

    Liked by 2 people

  34. 100% agree the GOPE-NEOCON-SOCIALCON group is all about globalism foreign policy including trade, social issues that disenfranchise moderates, and just failed on the economy, taxes, & spending.

    Like

  35. See a lot of great comments on here about the banking system & laws. The Fed is just as big of an issue IMHO. Hope that is on the table for Trump.

    Liked by 2 people

  36. seabrznsun says:

    I always loved Lucy! She was on to saving Main Street U.S.A. in this video. I love it!

    Like

  37. Sam says:

    Excellent summary, Sundance. I get it but cannot explain it with such simplicity and clarity.

    Liked by 3 people

  38. wodiej says:

    Banks are notoriously crooked.

    Like

  39. Pingback: Two Divergent Platforms: Donald Trump’s Main Street -VS- Hillary Clinton’s Wall Street… | Rifleman III Journal

  40. cohibadad says:

    There is no fixing this economy without fixing the very debt based money system that drives all of this nonsense. We are in the vertical phase of this collapse and the rug can be pulled out from under all of our feet at any moment.

    Like

    • I’m guessing the globalists will do just that, “pull the rug out” from under the economy, if Trump is inaugurated. They can weaponize the debt money system against him and try to pin the blame for the collapse on his policies.

      Like

      • cohibadad says:

        Not sure if the economy will hold out that long. Its like a patient on life support with an epinephrine drip but just a weak heart beat. All it needs is a good scare to tip it over the edge.

        Like

  41. Jeff Coley says:

    I have a unique perspective on this issue. Although I loathe people who identify as part of a “generation”, I am a “Gen X’er”. I got my BA in International Business in 1993, and I was fully educated on the benefits of free trade and the evils of protectionism. My senior thesis was on the North American Free Trade Agreement, which I strongly supported largely on ideological grounds. Upon graduation I was commissioned in the Marine Corps and served 6 years active duty, getting out as a captain in 1999. Then I went to work in the private sector.

    I have always been very enthusiastic about manufacturing, and my first job after the Marine Corps was as a purchasing agent for Rain Bird Sprinkler. As a committed free-trader and a proponent of NAFTA I was especially pleased that I was working in Rain Bird’s maquiladora plant in Tijuana, Mexico, right in the thick of the free-trade action! Even more exciting was that a good portion of our product was sourced “overseas” (how exotic!). But that’s about the time reality began to collide with ideology.

    In my thesis I had learned that one of the principal concerns in NAFTA was protecting the underdeveloped industries of Mexico from being overwhelmed by their larger, more mature competitors north of the border. To this end there were numerous preferences and set asides made for Mexican firms, such as a period of time where the Mexicans could trade north but the US and Canada were restricted on trading south – to allow the Mexicans a “safe space” to grow and mature and encourage foreign investment into Mexico. In practice this meant that foreign companies wanting access to the North American (i.e. US) market were locating factories in Mexico. This was especially true of Japanese TV manufacturers, who built so many factories in Tijuana that the informal nickname for the city was “TV-Juana”. But it had other repercussions, too: As a purchasing agent for the Mexican operation I was directed to move as much of our sourcing as possible into Mexico, which meant in many cases breaking longstanding relationships with suppliers in the US in order to develop Mexican sources. Often, this often took the form of a US company opening a factory in Mexico through an elaborate legal fiction of a “partnership” with a
    “Mexican” firm that was really nothing more than a shell. On the one hand I was happy for the Mexicans to have work, because more Mexicans earning living in Mexico meant fewer Mexicans streaming North. (I grew up in El Paso, TX and had a longstanding aversion to illegal aliens). However, it was distressing to see the American jobs moved south. This didn’t seem right to me.

    The REAL problem came when China got “most favored nation” status and we began sourcing in China. Remember, I was in Mexico and for all intents and purposes we were a Mexican company, with low labor costs and all that. We were developing a product, a shower wand in designer colors, that seemed very promising. As part of the project we were looking at either making it at our plant in Mexico or buying it complete out of China. It immediately became apparent that something was very wrong with this picture when the Chinese were able to manufacture, package, ship it halfway around the world, and deliver the product to the US port of entry for less than the cost of the raw materials in it. Zinc, aluminum, and brass are world commodities; China doesn’t (or shouldn’t) have a magic ability to get it cheaper than we did. I believe this was a clear indication that China was cheating, using currency manipulation and hidden export subsidies.

    Over the years since I have worked for a variety of manufacturing companies. I visited China and was astonished by the huge factories and their armies of workers; I had never seen anything like it in the US, Tijuana but they were small potatoes compared to this. The only time I ever saw such a factory in the US was when I worked for Remington Arms. Their Ilion, NY plant is a relic of another era, a huge complex of brick buildings employing over 1,000 workers, filled with big machines and foundries pounding and milling steel into firearms. I saw the prosperity of the village of Ilion, and the surrounding region where the supply and logistics tail of that factory supported the entire local economy.

    Now I live in North Carolina, and everywhere I see the ruins of the textile and furniture industries. I see entire communities where the old mills are gone, and I wonder how these people support themselves (I think a lot of them are on some kind of assistance).

    I guess the bottom line is this: Free trade isn’t free. Truth be told, it isn’t even free: It’s a highly regulated system of patronage and cronyism, with preferential access for those with the money and connections. Our foreign trading partners are running a neo-mercantilist economic policy against us, and they’re winning with the help of quislings in business and government here in our own country. It’s a bum deal for America.

    I have seen with my own eyes the perverse incentives to offshore American industry – executives with a fanatical lust to “get into China” even though I was, initially at least, more expensive than making the product here and shipping it there. I’ve seen entire factories dismantled, the equipment boxed up in crates the size of a garden shed, and shipped to China. I have seen the barriers to exporting into these foreign countries. It would be one thing if all this were occurring because of competitive advantage and the comparative efficiencies of one economy vs. another like Adam Smith theorized, but it isn’t: This is a deliberate policy, subsidized by the American government doing the bidding of international conglomerates.

    Furthermore, where China is concerned I am certain that this is a geo-political strategic operation to build up Chinese industrial capacity while simultaneously hollowing out the industrial capacity of the United States. In the next world war the USA will no longer be the “arsenal of democracy”. Our arsenal is in China.

    Liked by 5 people

    • phil fan says:

      Nice front line report on the destruction of American manufacturing for the benefit of big globalist capital and political cronies in US (and China).

      Liked by 2 people

    • ZZZ says:

      wow Jeff…excellent. thank you. I have a mental block regarding all things economics but your real life example was very clear and comprehensible.
      I think I finally “get it” and it is reprehensible.

      Liked by 1 person

    • skifflegirl says:

      This is the at the core of what Sundance has presented in making the case to support Donald Trump and his America First policies: it is not just about unfair trade agreements and 94 million people out of the workforce. It is a matter of national security that we are unable to feed, shelter, clothe and defend this nation self sufficiently. The food we eat, the materials and factories required to build infrastructure as well as the weapons needed to defend our shores ARE NO LONGER AVAILABLE IN AMERICA! At any given time, this country can be cut off and we will be on our own. This is by design to weaken our country by making us dependent, to destroy our sovereignty and leave us to the ‘mercy’ of the globalists.

      Like

  42. sDee says:

    “Furthermore, where China is concerned I am certain that this is a geo-political strategic operation to build up Chinese industrial capacity while simultaneously hollowing out the industrial capacity of the United States.”

    The “ism” at play here is globalism. Just the latest in many centuries of design by those who control the money supply and intend to control us. Communism and Fascism did not work out too well, so post World War II is was laid out well in places like the Club of Rome gang, Bilderberg etc.

    America has always been their obstacle – they put China in play with Nixon’s visit. They figured they could replace the power of America’s capital based industrial/technical superiority with one based on a privileged class and slave labor. They did it.

    They always telegraph – Obama was placed in DC to deliver the final blows and the model was declared to be “State Capitalism”. I call it neo-fascim.

    “After years in the dark, state-run economies such as China’s are now cutting-edge. Is free-market capitalism obsolete? ”

    http://www.bloomberg.com/news/articles/2012-06-28/the-rise-of-innovative-state-capitalism
    http://www.cfr.org/world/rise-innovative-state-capitalism/p28647

    Liked by 1 person

    • phil fan says:

      “Is free-market capitalism obsolete?”

      No but this is crony capitalism and there is nothing free about it.

      Liked by 1 person

      • sDee says:

        I remember the media talking heads like Rather and Rose, back in the 70’s all giddy about moving America to a “services based economy”. NPR was the worst.

        No one until Trump had the guts to call it what it is – globalism – and to expose it as a war on America, our Constitution and free-market capitalism.

        Liked by 3 people

    • Jeff Coley says:

      N, where China is concerned it isn’t globalism. It’s plain old fashioned nationalism; CHINESE nationalism, the lust for influence and empire. The Chinese are very clever and they play a long, long game. Their strategic horizons are measured in centuries. The 20th was the American century; they aim to make the 21st the Chinese century.

      The economic manipulation the Chinese state has undertaken is quite costly. Subsidies for American consumers and loans to the US government impose substantial hardship on China. But it’s an investment, so they bear the burden willingly knowing that they’re building a China ascendant.

      Like

      • sDee says:

        They are as you say playing a long term game. And yes the globalists give China a long leash. But their rapid rise was a direct result of the globalists steering massive capital their way and forcing western nations to educate them and turn over our intellectual property and designs.

        They did not have to make and R& investments and they advantage extremely low slave labor costs. No regulations. No product liability costs.

        All designed to displace America.

        The Communist party is in absolute control. It is totalitarian. The professional class (engineers, scientists, doctors, executives) know their money and freedom is a privilege to be given or taken at whim of the party. The slave labor knows their their fate is sealed.

        What happens under Trump will depend upon how those in control of the money supply react.

        Liked by 1 person

        • Jeff Coley says:

          The Soviets called them “useful idiots”; the Chinese call them “running dogs”. Both describe the venality of the globalist class, eager to mortgage their own childrens’ future and their nations tomorrow for a few more dollars today.

          Liked by 1 person

  43. notamemberofanyorganizedpoliticital says:

    FYI
    McKinsey Study Shows 81% of US Worse off Than in 2005, France 63%, Italy 97%
    https://mishtalk.com/2016/08/07/mckinsey-study-shows-81-of-us-worse-off-than-in-2005-france-63-italy-97/#comment-35268

    Liked by 1 person

    • notamemberofanyorganizedpoliticital says:

      Liked by 1 person

      • sDee says:

        Yeah – the “after transfers” numbers for the US are completely misleading because government freebies in the US are not “transferred” equally and are essentially non existent for the working and middle class here – in fact they are negative.

        The “transfers” here go to the elites and the dependent class voters.

        For example, our out of pocket medical expenses for two people including insurance premiums was $12,700 higher last year under Obamacare than 3 years ago. Many people do not see this because their employers absorbed the Obamacare premium increases.

        Like

  44. Duhders says:

    You know I’m really starting to get sick and tired of the young vs old economics and education argument. There is plenty of evidence that this is simply a power and entitlement struggle. Who put us into this situation? Alan Greenspan, Bush, Clinton, old Main Street big businesses protecting their interests, etc. None of these people are Gen X, Y, or millenials.

    Sure these younger generations have no frame of reference to compare, however there are plenty of young folks on the Trump train and that should be clear enough evidence that they know something is wrong.

    I’m a relative newcomer to TCTH (~Dec 2015) and really enjoy the information provided here and used to vociferously read the comments as many people provided useful information…however I have noticed a marked change since Trump became the presumptive nominee that is personally disturbing. Many here are now highly intolerant of others who pose possible red flags to the collective best interest (i.e. Mercer/Trump) and rather than having a logical/fruitful discussion they are called trolls. I am losing interest in this group as I thought I had found an intelligent group open to discussion rather than name calling and am finding the SSDWS. (Acronym ending is a variation of different day…different website) I will continue to read SD posts, albeit more sparingly, but am saddened by the diminishing intelligent discussion about SD’s topics.

    Like

    • rashamon says:

      Fear not, Duhders, most the nasties are not regulars here at TCTH. They are hired hands sent to disrupt the usual banter and exchange of ideas so enjoyed for so long at this site. They will be gone once the election is over. Or the snowflakes melt.

      More to the point, these generational divisions can be noted simply because our Social Media seem to enjoy segmenting us into tinier pools to impact. Truthfully, I learned about these econ issues from my grandfather, who was born in 1892, fought in WWI, worked as a geologist in the oil industry (commodity/cartels) and gave my mother holy hockeysticks when she came home from college touting Keynsian economic theories. “Idiot Socialists!” he stormed and set about realigning out her brain. From that point onward, every Sunday morning over lunch after church, he pontificated on the state of the nation and its economy for he, in fact, witnessed the massive effort to SECRETLY take control of the U.S. economy and destroy its growing status and independence from European banking control — all the individualism that made America the Greatest Nation of the day. As I recall, the Banksters of America were actually agents (Harriman, Brown et al) of or partners (Rockefellers) with the Rothschild’s network.

      How fortunate for this cabal that Freud’s nephew, Edward Bernays, came of age to propagandize America through WWI and beyond. How fortunate that socialists fed by Prussia and the UK had already instigated massive changes in educational systems to corral the individualism of rowdy American mindsets. It helped that Rockefellers “donated” huge sums to build universities to mold young minds to collective thinking.

      Anyway, Mr. Trump has ignited a fire for and under the individual not seen since those days over a century ago, and it’s our task to support his efforts to return America to its greatness. Stick with Sundance. He will not disappoint.

      Like

    • sDee says:

      I am asking more and more questions as the Trump campaign grows. We should. It does not mean I have lost faith in Trump – I know that for him to do what he has staked out he is facing off against evil, power and money on a global scale.

      The GOP, the Clintons, the CoC – all just minions of those who Trump threatens most.

      From the day it dawned on me that each element Trumps populist platform – I keep asking myself…. how will he overcome the globalists? After all he represents.

      Keep raising flags – comments sections are what they are. We cannot take it personally. For each reply you get, figure another hundred or so have read your comment.

      Like

      • sDee says:

        sorry for typo…. meant to type

        From the day it dawned on me that each element Trumps populist platform is tied to an element of a long running strategy to take down America – I keep asking myself…. how will he overcome the globalists?

        Like

  45. Backspin says:

    For all the talk about bombing the Isis oil network , hardly any of that would be needed if they could not SELL the oil and get PAID by the banking Cartels. Not only did we build isis , the banksters gave them a Platinum Visa Card !
    At least Kelley , Odd Ball , and Crap Game made their money honestly , by stealing it. 🙂

    Like

    • sDee says:

      In one of Trump’s early interviews I remember him mentioning the oil fields as ISIS’ revenue stream and saying that stopping ISIS could be done by bombing their transport system and stopping the banks processing their transactions.

      One serious stand to take against the globalists. It told me he knows who created ISIS and why.

      Like

  46. skipper1961 says:

    AMERICANISM!!!!!!!!!!!!!
    SD,
    That is PRECISELY what we need to re-infuse into our beloved Country with.Could it really be true? That we might actually be able to look up to our alpha-male LEADER?! How appropriate the term “PRIDE” (of LIONS) is when applied to Mr. Trump’s family? IMHO, anyone who doesn’t admire the rarity of a group of people who EXCEL like those in Mr. Trump’s” loop” (to include “Diamond and Silk”), are either uninformed, or bigots. Donald J. Trump is the single-most prepared and qualified human being to perform as CHIEF EXECUTIVE of our United States of America.
    AMERICANISM IS AWESOME!!!!!!!!!!!!!

    Like

  47. Andy says:

    http://www.booktrakker.com/Economy/Taxes.jpg (I own this domain, its safe to click. Its a chart of income tax rates since 1920)

    Notice the tax rates during the Main Street years, especially the top tax rate. rates on the 1% were very high until 1980, when Wall street became dominant. Then rates on the very rich fell dramatically, and the deficit exploded, while the 1% expanded entitlements and the like to soften the blow of their new brand of globalism. 1950 to 1980 is considered to be the peak of Main Street, 1981 to the present is the peak of Wall Street. Notice how Wall Street lowers its tax bite under the guise of helping everyone else. All that new money goes towards increasing the size of Wall Street relative to Main Street.

    Post 1980, from your article: “As a consequence Wall Street started funding political candidates and asking for legislation that benefited their interests.” Like massive tax cuts on the RICH.

    “When Wall Street began purchasing the legislative influence, the outcomes therein became beneficial to Wall Street. Those benefits are detached from improving the livelihoods of main street Americans because the benefits are “global” needs.”

    If you REALLY believe that Trump represents Main Street then he should call for tax increases on the rich, not tax cuts for them. I’m not holding my breath.

    Taxing the rich is the single largest policy that can turn around the economy going forward, especially if those taxes are directed at the source of the income. Its very easy to separate productive income from financial income. Tax the financial, leave the productive alone.

    Tax policy is how government redirects the private sector towards Main Street or Wall Street. Low taxes on the rich favors Wall Street, high taxes on the rich favors Main Street.

    Its not so much about the revenue from the tax itself as it is about setting a value proposition between Main Street and Wall Street. WHICH is more important?

    Like

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