Donald Trump Discusses “the false economy”…

It was noted yesterday that Donald Trump mentioned “the false economy”. Many people do not have a solid frame of reference for what this three-decades old term is referring to.

For those unfamiliar with the terminology, here’s a reminder from an earlier outline just before the GOP convention, when Donald Trump quietly made a request for a specific platform position.  As you read or revisit, remind yourself that Robert Mercer is now supporting Donald Trump… “economic patriotism“, stunning and actually refreshing:

You can put this huge and under-reported Trump platform position in the AFFIRMED PREDICTION column.

Anyone thinking Donald Trump is not intensely serious about America-First economics just got a massive dose of reality. Specifically demanded by Donald Trump himself:

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 economic arguments are esoteric opinions, and they never experienced the era of industrial giants.

♦ 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 politicians because the legislative conduct of politicians had more impact on Main Street. The business agents had a vested interest in political determinations. Political candidates courted industrialists, business owners, and capitalist giants to support them. 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. 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) passed up 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 -vs- Main Street/Nationalists

trump lion

Donald Trump suit

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263 Responses to Donald Trump Discusses “the false economy”…

  1. fred5678 says:

    EVERY month of Obama’s presidency has been a false economy, propped up by free capital:

    http://www.moneycafe.com/personal-finance/fed-funds-rate/#graph

    And if the economy can manage only 1 – 3 % growth in GNP with FREE CAPITAL, it would be negative with normal rates.

    Free money = false economy.

    Liked by 7 people

    • georgiafl says:

      False presidency, false identity, falsehoods, a false evil regime has taken over our government.

      Like

    • Kalena says:

      Not to mention the quantitative easing and re-spending the “stimulus” for the past 8 years because of baseline budgeting and no new budget past. These snakes in DC just gave away TRILLIONS to the false economy well connected 1%’ers.

      Like

    • jmclever says:

      I totally agree. So, by that argument, student loans are part of the false economy as well. It would seem that part of the goals of the false economy would be to enslave the real one into serving it.

      Like

    • TheseTruths says:

      People who want to perpetuate this false economy for personal gain to the detriment of the country are not America-first. Prayers for Mr. Trump.

      Like

    • pawatcher says:

      Gotta go back farther than this administration, about 5 decades to get started on where the economy started to take a turn.
      Maybe back to the 16th and 17th enacted 1913.
      The problem has taken a century, the solutions; Trump and US may right this ship in two election cycles with the right allies and enemies throughout the world.

      Like

    • pawatcher says:

      Have to go back farther than this administration, like 5 decades to see where the economy took a turn.
      Probably back to 1913 with the 16th and 17th.
      Brexit and Trump will be the answer as the central banks collapse. NO bailout.

      Liked by 1 person

  2. JohnPaulJohnes says:

    Nevada has around 500K voters and ~75K voted repub and ~11K voted dem.

    Why so many small dem voters. All are small considered full pool. Just wondering. confused.

    Like

  3. fred5678 says:

    Wonder what happened to our industrial base?

    1950’s – France was only country with a VAT. France asked for, and got, an EXEMPTION from considering the VAT during trade agreements because it was “too complicated”. Now there are about 135 countries with a VAT, and every one of them have an advantage against us.

    I am not arguing for a VAT, but for some strong negotiator to REMOVE the exemption for considering VAT in all trade agreements. Know anyone ??? 🙂

    Details of the damage — https://en.wikipedia.org/wiki/Value-added_tax#Trade_criticism

    “AMTAC claims that so-called “border tax disadvantage” is the greatest contributing factor to the $5.8 trillion US current account deficit for the decade of the 2000s, and estimated this disadvantage to US producers and service providers to be $518 billion in 2008 alone. Some US politicians, such as congressman Bill Pascrell, are advocating either changing WTO rules relating to VAT or rebating VAT charged on US exporters by passing the Border Tax Equity Act.”

    Liked by 1 person

  4. Keln says:

    I understand what this false economy is, why it’s bad, and why we need Glass-Steagall thanks to SD and some other things I’ve read over the past few years. But my STEM education didn’t include much in the way of economics, so I’ve got a few questions:

    1) If Glass-Steagall (or some similar act) is passed/reinstated, what happens then? Will all of the banks suddenly split up? Crash? How do they comply and what happens to the economy? What happens to 401ks and other common investments?

    2) Would reinstating Glass-Steagall even work? Since it was completely eroded before it was repealed, would bringing it back have any teeth, or do the previous court rulings still stand? If so, what could be added to prevent this?

    3) Is it even possible to replace the larger paper economy with an industrial economy in a mere 8 years? It seems easier and quicker to build a false economy based on nothing, and that took decades. What happens in the interim?

    I’m not arguing against the change; we need it badly. I’m just curious and even a little concerned about how it’s all going to go down. It seems like trying to rip an old, weak foundation out from under a house while replacing it with a new, stronger one, but all the while hoping the house doesn’t collapse before you’ve got enough new foundation in place.

    Liked by 5 people

    • WM says:

      Reinstating Glass-Steagall is a stupid idea. Not everything is a good idea just because Trump says it. Our banks are not competitive with international banks, because they have been hamstrung with regulations about what they can invest in. The repeal of Glass-Steagall helped correct that problem. I understand Wall Street finances Democrats and that’s a problem, but this is not the way to solve it.

      Like

      • susiepuma says:

        No it isn’t………………….

        Liked by 1 person

      • Keln says:

        Care to explain your position in detail?

        Like

      • fred5678 says:

        Glass-Steagall put a wall between steady, usually low risk, mortgages along with small business loans (neighborhood banks that USED to exist!)) versus high risk investment houses. The two separate entities can, indeed, compete with international banks. Retirees can invest in mortgages and traders can invest in risky stuff. And nevere the twin shall meet. Combining the two has proven to be a disaster.

        Like

    • susiepuma says:

      Grab your hat and fasten your seatbelt ….this is going to be a wild ride but it will be worth it to the younger population………………………………..IF we can make it happen…..the 2nd group will be fighting with everything they have to defeat it……the concern trolls (they are here already) will be all over the place. It’s Follow the Money……………..they took it, we need it to Make America Great Again………………………

      Like

    • georgiafl says:

      Maybe the Trump administration can build ECONOMIC WALLS and good regulations to guard against fraud/corruption/destructive entities, like they will build A CONCRETE WALL with electronic watch towers and sensors!

      Like

    • nyetneetot says:

      We’re looking at collapse now regardless of who is elected. It’s just a matter of who gets blamed publicly. Changing things will be devastating to anyone relying on things as they are now to make their money. Stopping commercial banks from having that source of revenue will cause them to look for others or close (or crash). The changes will have a domino effect upon all the other businesses that rely on commercial banks. The dotcom bubble of today will make the one of 2000 look tiny.
      Trump/republican/conservatives will be blamed for the crash no matter how positive the result at the end of the first 4 years.

      Like

    • Bendix says:

      That’s what Trump is looking at. Many who benefitted while the gigantic mess was baking are actually chortling with glee over the special knowledge they think they have that tells them the new guy, whoever it is, will face disaster at every turn, and will likely be blamed for it.
      BTW, that Kaine guy Hillary picked is a would-be Big Bank deregulator, and how can someone like Liz Warren support a ticket with him on it, in good conscience?

      Like

    • psadie says:

      Michael Savage has looooong spoken and written about the reinstatement of Glass-Steagall to force the banks back to sensible financing/investing. Trump has listened to Savage from the very beginning.

      Like

      • Keln says:

        I used to listen to Savage on the drive home from work, but I stopped due to his yelling and angry tirades. Not really good mood-setting dialogue for dealing with idiots in traffic.

        Like

    • Chris says:

      Keln,
      All great questions!..
      There are NO easy answers, but I think we all can agree we cannot keep going down this same path. We need a change of direction. This one’s not working!
      A not some path made for another politicians personal political, financial gain and expediency .
      No what we need in America is a fair system based in sound fiscal principles and responsibilities that is responsible to all Americans, and all Americans can benefit from,
      Trillions of dollars in National debt is not responsible
      One can only conclude , politicians cannot count.
      ..and Donald Trump seems to me to be the only adult in the room willing to talk about it .
      .. most certainly the only one Qualified to do so!
      I for one am glad he is, and look forward to discussions how our Country can leverage our collective wealth and treasures and capabilities to that end.

      Like

    • gawntrail says:

      I’d like someone to walk us through this so we have an idea of the reality of what is on the horizon.

      Liked by 1 person

    • belle says:

      Keln, I am with you. As a boomer nearing retirement, I need some help understanding what the implications will be. Do I pull out of my 401ks? Stop contributing? By a safe & move it all to cash?

      Like

    • belle says:

      Keln, I am with you. As a boomer nearing retirement, what are the implications? As a boomer nearing retirement, I have a lot of concerns. Do I continue with 401k contributions, move all to cash & buy a safe?

      Like

    • Pinkie says:

      Just a reshuffling of the deck that shouldn’t be that big a disruption — its all paper anyway. It happened in the early 1930s when Glass Steagall was first passed. For example, JP Morgan split into Morgan Stanley (investment bank) and JP Morgan & Co.(commercial bank which is now JP Morgan Chase). Wall Street will howl that it won’t be able to compete internationally but they howled back then too and did just fine.

      Like

    • Reality Wins says:

      Great questions which I hope are addressed. I do know one thing. If Hillary cheats her way into the White House on Nov 8th I will empty out my bank accounts including all retirement money. I’d rather pay the 28% in taxes now than wait and have Hillary tax it at 70-80-90% and use it to resettle moslems in our country. If everyone on Main Street does the same then the Democrats own the sheet storm that follows.

      Like

    • Orygun says:

      The economy we are in is being propped up by the Fed. When that stops and it has to at some point we will be in an inflationary period. This is going to happen no matter what but the end result with an economy based on real assets is a stable and real economy.
      The politicians have been passing this economic disaster football back and forth over the years but have done nothing to fix it.
      Wall Street has become nothing more than a betting house using peoples lives and fortunes.
      It can’t end without pain but Trump is going to try.
      IMO

      Like

    • WalksByTheWater says:

      1) If Glass-Steagall (or some similar act) is passed/reinstated, what happens then? Will all of the banks suddenly split up? Crash?

      WBW: If by split up you mean would the ‘investment banking’ (IB) side be separated from the ‘consumer banking’ (CB) side (consumer banking side would be standard loans, checking accounts, money market, etc.)… if that is what you mean than in some cases there would need to be a separation. This separation would be more likely to occur at larger institutions that have dedicated investment banking arms and as a consequence a greater disparity in the IB:CB ratio.

      Some will crash … How do they comply…. (see point 2 response)

      What about 401(k)s? They should inherently NOT be impacted. Other factors not related to Glass-Steagall could impact them. Won’t pursue that here.

      Liked by 1 person

      • RG says:

        I believe this explains why “investment bankers,” like my neighbor are not too cool about putting a TRUMP sign in their yard. The husband seemed of but its the wife that works for a big investment house. Probably a divided household when it comes to the presidential divide.

        Like

    • WalksByTheWater says:

      2) Would reinstating Glass-Steagall even work? Since it was completely eroded before it was repealed, would bringing it back have any teeth, or do the previous court rulings still stand? If so, what could be added to prevent this?

      WBW: Yes, it would work, but there will be some challenges. Realistically, a period of time must be provided for that separation (see your first point) to occur and for an unwinding of the IB-CB relationship. Banks that will crash will be those that are forced, by means of compliance, to show that they are actually not solvent; this was the case in the 00’s and early 10’s.

      Past court rulings must stand. But this is primarily a regulatory issue in terms of oversite: the realm of the Securities Exchange Commission (SEC) on the investment side; Federal Deposit Insurance Commission (FDIC), Rederal Reserver Board (FRB) and Office of the Comptroller of Currency on the ‘banking’ side (though there is overlap) see (https://en.wikipedia.org/wiki/Bank_regulation_in_the_United_States)

      I would predict some mergers, and acquisition of unhealthy banks by healthy banks. One issue that came up often in the past decade is a bank of two large a size being found insolvent. When that happens, FDIC is supposed to be there to cover the ‘loss’ on the part of depositors. However, if the is to high it could actually exceed the amount of $ available in FDIC to cover the loss. FDIC has funds available on a rolling basis (example: http://www.aba.com/Tools/Economic/Documents/DepositInsuranceFund.pdf shows standing from last year). It is just not enough to cover a major failure. So in those cases, the failing bank is merged into the ‘healthier’ bank.

      Liked by 1 person

    • WalksByTheWater says:

      3) Is it even possible to replace the larger paper economy with an industrial economy in a mere 8 years? It seems easier and quicker to build a false economy based on nothing, and that took decades. What happens in the interim?

      WBW: Complex question. Think of some dramatic failures in the past 20 years. The short answer is, yes. But there will be negative consequences for somebody as money shifts around. The big losers would be those benefitting by the present arrangement; they will be losing funds to work with and support real or artificial positions.

      In my judgment, the real battle is one of nerve. Some of those banks will scream because it threatens their profitability. Some will scream because they will actually be forced out of business or into a merger scenario. I wonder if we will have another ‘imminent collapse’ trauma from Ben Bernanke’s reincarnated form to prevent us dumb citizen’s from stopping those benevolent banks (http://dailybail.com/home/how-bernanke-lied-to-congress-to-pass-the-bailout.html). When that day comes, Trump needs to (and I expect will) hold the line. We need to hold that line as well in terms of our other elected officials.

      This action, restoring Glass-Steagall, must be done. Those banks that are insolvent, and shown to be so, need to pay. The shareholders need to suffer the loss. The populace should not be responsible for paying the dime for these rascals.

      There is a saying, ‘hold their feet to the fire’. I partially agree with that statement. But it is not enough to hold their feet to the fire in terms of our elected officials. If they do not come through, we need to throw them into the fire and, figuratively speaking, burn them to death; death in this case means political death so that they never return again.

      Liked by 1 person

    • Joe says:

      It’s good to voice legitimate concerns so they can be addressed. That’s how a free society functions.

      Like

    • WEE2LOW says:

      I’m no economist but I suspect the following would happen:

      I don’t even think economists know the answer to that question. I think the question we have to ask ourselves is, can we continue an economy which is driven from massive debt w/o tangible assets that continues to be accessible only by the super wealthy (just wealthy doesn’t even cut it anymore) who get bailed out by the taxpayers when the bubbles burst? I suspect that there would be an impact in the short-term but if pro-growth initiatives parallel it (i.e. Trumps economic plan) then I think things would recover quickly and we would see an American economy like none we’ve seen in our lifetimes (you know one that benefits everyone).
      Yes I think it would as long as it is re-written to perform it’s original function
      No, but you don’t have to in 8 years. All you need to do is lay the foundation. I suspect that if a pro-growth (real growth), pro-American economic agenda is implemented, you will see drastic improvements than what we’re experiencing today. It happened quickly under Reagan, it can happen quickly (maybe quicker) under Trump.

      While your analogy is a good one, if you never replace the rotting foundation (even if you sacrifice some of the house) eventually the foundation will fail completely and you wont have a house at all.

      Like

    • notamemberofanyorganizedpolicital says:

      Most things would not change.

      However it would stop the Globalists from wildly speculating with other people’s money (bank depositors and real “investors”).

      It would also mean Globalists (bankers) themselves would have to pay the penalties for STUPID CHOICES – such as the easy housing mortgage money for “F” credit rating borrowers.

      That is because if the wanted to do those stupid things they would have to use their own personal funds. What an easy way to shut up Soros, Murdoch, Buffet and all the other evil Nazi plaguing the world today…..

      Like

    • gawntrail says:

      I would like to see a step by step breakdown of what to expect once the suck starts to happen. I know there’s going to be a period of pain. It’s time we kicked the cheap/free money jones and got it n with other parts of our recovery.

      Like

  5. susiepuma says:

    Thank you Sundance for explaining in words that even idiots could understand exactly what happened over the past 50 years……………………….I am old enough to remember when yes, working in a bank was considered one of the more boring jobs, like being an accountant. Working for a company that made something or created things was much more exciting……………..This is, however, the New World Order Cartel mandate…. hopefully, Trump will help to start dismantling this mess (if they allow him to live)….I know, I know…conspiracy…but it would not be the first time – remember Reagan……………

    Liked by 6 people

  6. kingjulianx says:

    The crash has already started,look who just got pink slips last week! CATERPILLAR

    Liked by 6 people

    • azgulch says:

      Cat is moving it’s management divisions to Tucson, AZ. The first 60 arrive today.
      To fred5678 below, I really doubt GDP is even positive. This is Obama’s numbers.

      Like

    • Joe says:

      In my economics class, the professor specifically singled out catapillar as a company of American exports that benefited from globalization. Now look.

      Like

    • libraryg says:

      I live in Cat’s hometown Peoria IL…….betting on that company is always a losing proposition…….I foresee this becoming a ghost town and am plotting my exit plan!~

      Liked by 1 person

  7. fred5678 says:

    BOTH sides of the economy are in the toilet. Not only Caterpillar and other folks who MAKE STUFF TO EXPORT (and thereby increase our relative standard of living) but even the 70% of American workers flipping burgers and making lattes are having problems:

    “Following last week’s disappointing Manufacturing ISM/PMI data, Services PMI printed a six-month-low 50.9 over the weekend “pointing to an annualised GDP growth rate of a mere 1%,” according to Markit. Services jobs fell to their weakest since Dec 2014 but the ISM Services data collapsed to 51.4 – lowest since Feb 2010 with new orders imploding to their weakest since Jan 2014.”

    http://www.zerohedge.com/news/2016-09-06/services-economy-crashes-feb-2010-lows-confirming-manufacturing-collapse

    1% increase in GNP is hardly “growth”. It is “merely limping along”, not even able to keep up with providing jobs for the new Syrian refugees at Chobani, not to mention American citizens !!

    Liked by 3 people

    • georgiafl says:

      Does sorry $0r0$ have the collapse of the USD in mind, like he tried to destroy the British Pound?

      Sorry B4$+4rd #$%^&*(@!

      The names $0r0$, Clinton, Obama and McCain should be curse words.

      I’ll keep Ryan (because of Tom Clancy’s Jack Ryan) out of the garbage bin.

      Like

    • Bendix says:

      Yeah, and some of those Syrian refugees are from Iraq and Afghanistan.

      Like

    • There was no recovery outside of investing into stocks. The past 8 years only stopped the bleeding & contraction of the housing crisis. We haven’t moved since 09 as far as growth goes.

      What a shocker, CBO & Obama Admin were completely off on GDP projection & pretty much any other sort of projections (Obamacare enrollees included). Lack of growth has accelerated our debt:GDP ratio, and retiree:FICA payer ratio.

      Like

  8. Bull Durham says:

    This is one more Issue that Trump has championed and injected into the public discourse.
    He began with Immigration and the Terrorist threat of Muslim refugees and migrants. He made Drugs flowing through open borders an issue. He focused on the VA and treatment of Vets. He has crystalized the public’s attention on Trade and Currency Manipulation. And he illuminated the UniParty, Crony Capitalism and Corruption.

    There have been positive issues, too. Christianity, Education, and Infrastructure are all issues he has championed.

    Whether the Media and Clinton notice or not, Trump has shaped the General Election.
    They have one issue, Trump. And they intend to destroy him.

    Trump has structured the campaign by showing his mastery of understanding the causes of the problems and indicating the solutions to the problems.

    His opponents all along have played “Me, too” or “he’s crazy, a racist, a bigot”, ignoring the issues that matter and attempting to destroy him.

    He has been the Leader. And now the voters are responding.

    Liked by 9 people

  9. Myra Badger says:

    Like the Trump-Lion poster-good summation of today’s reality.

    Liked by 1 person

  10. bamainatlanta says:

    End the Fed! I hope Trump kills the bank, as did Andrew Jackson.

    Liked by 3 people

  11. Bob Werner says:

    Part of the problem with the “main street” economy is that while we produce or manufacture twice as much stuff in the US as 10 years ago we do it with half as many workers. Computerization, robotics, and other manufacturing improvements will continue to lead to an economy that does not need workers. I even check out at a self checker at the grocery store. The second problem is that immigrants and illegals are brought in to take the few remaining jobs.

    Liked by 3 people

    • Mike says:

      I don’t fancy the idea of cars that drive themselves – at all. I LIKE driving a car or truck. In fact, I prefer “old fashioned” clutch/manual transmission vehicles. It’s more fun, and you get an extra layer of control.

      Like

    • gloriosaedominae1 says:

      Neither my wife, or myself, will ever check ourselves out at the grocery store. We will wait as long as it takes to make our purchase to insure that another job is not taken out of a particular store. At times it has been inconvenient. So be it.

      Like

    • TPW says:

      So ….if they don’t need workers and workers don’t get paid then………who the hell will buy their stuff?…..Sorry to be so simplistic but it really is that simple.

      Like

    • Eric Gold says:

      I respect your parts of your thesis, but your numbers are false. The gross manufacturing GDP of the USA is NOT 2X what it was 10 years ago. Even by the cooked US BLS numbers. More reliably we see a huge drop via Johnathan Williams’ Shadowstats.com http://www.shadowstats.com/alternate_data/gross-domestic-product-charts
      Nor are there 1/2 as many workers. Its 1/3 as many.

      Clearly automation is not the problem, it’s output. Output strangled by regulation, taxation, and most of all manipulation.

      MAGA!!

      Like

  12. jmclever says:

    As a Gen-Xer, I don’t really understand intellectually the false economy, but my gut has always told me that it exists. I believe that may be true for a lot of us. A HUGE problem happens when the Real economy tries to buy into the false one through mutual funds, retirement planning, etc. It’s a carrot on a stick so long and crooked that most people don’t really benefit from it.

    Liked by 2 people

    • gawntrail says:

      ^^THIS!!^^

      I feel I’m pretty informed. This took me to the woodshed. Thank you for bursting my bubble and making me reset my base of knowledge. Gonna read more on this.

      Like

    • notamemberofanyorganizedpolicital says:

      RE: ” when the Real economy tries to buy into the false one through mutual funds, retirement planning, etc.”

      That is just the Globalists’ way of stealing the rest of the money from you, that they haven’t stolen from you in other ways earlier.

      Liked by 1 person

      • TPW says:

        LOL……..I have told my husband we will NEVER put money in the stock market and yes “they” will push it over 18000 then boom it crashes. The new steal is offering you Maw and Paw a “reversible” loan for their paid for home. The Bank gets their home for pennies on the dollar. Annuities another steal……..gotta grab any inheritance going to the next generation. Don’t even get me going on the Obamacare tax steal…..it is so expensive.that it is like paying for a second home……one that is in disrepair needing $$$$ (copays deductibles) to keep it from leaking and falling down…….

        Like

    • gawntrail says:

      Yes! This article took me to the woodshed. I consider myself informed and capable of sifting through crap to find the truth. As painful as this might be, the long view of our economy and country is more important than short term band aids, work a rounds, ponzi type fixes, and the other assorted turd piles the current intelligencia are selling us.

      I need to read more about this topic.

      Like

  13. Mike says:

    Sundance is excellent. He certainly is one of the major influencers of this election. Hail Sundance!

    Liked by 4 people

  14. Bendix says:

    Thank you, thank you, thank you, “sundance”, whoever you are. You have helped me regain the will to live, for today, anyway.
    I had it pegged at around 1980, when things started to go south. Coincidentally, perhaps, 1980 is when, as near as I can tell, the “Hispanic” “race” was invented by the United State Census Bureau. The belief in “Hispanics”, who have been treated unfairly, and therefore are owed something in America by group, appears to be a cornerstone of globalism. Probably because once our culture is overrun and suppressed, we will believe it is only “fair” when it is time to unify the continent under one government.
    Mentioning Chobani, this gimmick of ‘economic development’ in an area just exactly in time for a Muslim dump has evidently been going on for some time, but no one talked about it. Why not? Because PC, that’s why. Locally, I researched how a certain nationality was actually recruited to come here and buy houses, and boy, was it hard to discuss with anyone, so afraid were they to make any statement sound as if they didn’t believe that immigrants from Third World countries were holy and deserving of government accommodations that the native-born weren’t eligible for. PC has been the religion that silences dissent or even enquiry. Young people are terrified of apostasy, yet they will tell you they aren’t religious. I believe that Islam is being tolerated and even encouraged, for a time, as it helps to suppress the prevailing Judeo-Christian culture, which is dominant in America, yes it is. Islam, backward though it may be, doesn’t interfere with the global agenda, it helps it along. Besides, Muslim male redistribution is a cornerstone of the globalist agenda. I think probably because Western globalists want to get in there and colonize Africa before the Chinese have the whole thing outside of the Middle East, or North Africa. Nobody will mind colonization so much, this time, if it isn’t based on race or nationality, so we are going full speed ahead with relocating the people in the way to other places. The beauty of it is, all these high-rise projects going up for our new arrivals? Americans are convinced that they are for “the poor” (HUD) and ALSO “more efficient” (the Warmists) so you can’t exactly say no, can you?
    Whew.
    Thank God for Donald Trump.
    p.s.Nobody without Donald Trump’s ‘character flaws’ could have withstood everything that has been thrown at him. So shove it, any of you who still want to nitpick.

    Liked by 9 people

    • fuzzi says:

      Trump is not perfect, Trump is not Jesus Christ.

      But Trump is good at enough things, at the right things, that it makes up for his minor flaws.

      Like

  15. Texxmw says:

    a simple review of Glass-Steagall (wiki source] –
    [Starting in the early 1960s, federal banking regulators interpreted provisions of the Glass–Steagall Act to permit commercial banks and especially commercial bank affiliates to engage in an expanding list and volume of securities activities.[3] Congressional efforts to “repeal the Glass–Steagall Act”, referring to those four provisions (and then usually to only the two provisions that restricted affiliations between commercial banks and securities firms,[4] culminated in the 1999 Gramm–Leach–Bliley Act (GLBA), which repealed the two provisions restricting affiliations between banks and securities firms.

    By that time, many commentators argued Glass–Steagall was already “dead.” Most notably, Citibank’s 1998 affiliation with Salomon Smith Barney, one of the largest US securities firms, was permitted under the Federal Reserve Board’s then existing interpretation of the Glass–Steagall Act. President Bill Clinton publicly declared “the Glass–Steagall law is no longer appropriate.”

    Many commentators have stated that the GLBA’s repeal of the affiliation restrictions of the Glass–Steagall Act was an important cause of the financial crisis of 2007–08. Some critics of that repeal argue it permitted Wall Street investment banking firms to gamble with their depositors’ money that was held in affiliated commercial banks.Others have argued that the activities linked to the financial crisis were not prohibited (or, in most cases, even regulated) by the Glass–Steagall Act]

    Ah yes…good ole boy; Bill Clinton – whose defense of ending Glass-Steagall was that EVERYONE should own a home. Which gave rise to the ‘NINJA’ loan-era: No Income, No Job, No Assets. Giving rise to the great real estate collapse – the worst collapse since the Great Depression. Yes, we can thank thank the winning team of Hillary&Bill for thousands of foreclosures and bankruptcies..that STILL to this day have not been really cleaned up.

    What was the reason to push the repeal of Glass-Steagall: GREED.

    Liked by 2 people

    • WSB says:

      That brought on the derivatives to hide the junk mortgages. Basically, the government created faulty 2×4’s, forced the banks to sell them, and the banks were clever enough to re-sell them as bundled firewood. Light a match and create a bonfire!

      Like

    • WalksByTheWater says:

      Agreed on your point. I would like to enhance your response to point out that while Bill Clinton supported the repeal, it was a legislative action by our congress which Bill simply approved of by signing into law.

      Like

  16. Artificially all-time low interest rates have created a huge market distortion, and the greatest income/wealth inequality of all time (that last one was for liberal hypocrites).

    The Fed protected Barry for 8 years with these interest rates, and only one increase which was just for good measure (25 basis points). Worried when Trump gets in, Yellen instead of moving at 25 basis points a year moves at 100 basis points a year or even a quarter. As much as I want to see rates normalized, the market would take a massive deflation hit if rates went from 0.25% to 3.5% in one or two years. Trump would get the blame.

    The Fed needs to be audited and restructured. It’s corrupt, it’s political, and they destroyed anyone who had a savings account and kept it in their instead of investing into the stock market. People with savings accounts lost money by not investing.

    Liked by 6 people

  17. 2packs4sure says:

    I’ve been thinking that our economy has been based on a lie for years now and it MUST be corrected BUT, i’m scared to death that ANY attempt to honestly correct it will result in a massive crash.

    Liked by 1 person

    • belle says:

      Me too. And of course, Trump will be blamed.

      Like

    • wanthetruth says:

      That’s likely a valid “worry”. The thing is, it cannot keep going the way it is anyways. The massive crash is coming, either way.

      The question is, which way gives any chance of survival? The DJTrump way…or the crash and burn with no way out, that we’re currently headed for?

      Like

    • Joe says:

      The economy tanked under Regan, and then got back up better than ever before. Same with Thatcher. With Trump, the short term loss will be canceled out by trillions of dollars being brought in from abroad, and the long term gains will be spectacular.

      Like

  18. Reblogged this on The way I see things … and commented:

    ♦ 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…

    Liked by 4 people

  19. Kathleen says:

    The Toledo tea party will be hosting a Trump phone bank in conjunction with the NRA. Not sure if anybody lives in the Toledo area that will get this but we would love your help. I also really loved the flash mob idea that is being done in Michigan Just not sure if we can pull it off down here in Toledo!
    Tuesday, Sep 6th
    5:30 – 7:30pm
    NRA / Trump phone bank

    TTP and the NRA have scheduled several Phone Bank event dates.
    The NRA will have Pizza, drinks, prizes, and a lot of fun.

    Come for a hour, make some phone calls on behalf of the NRA and Donald Trump

    Hampton Inn
    3434 Secor Road
    Toledo, OH 43606, USA

    REGISTER NOW

    Like

  20. Pinkie says:

    If Trump wins it will be because of this issue. This was one of Bernie Sanders biggest issues. It is the issue on which Hillary Clinton is most vulnerable.

    Liked by 1 person

  21. navysquid says:

    As Obama leaves office, the MSM will begin to report on the actual unemployment rate adn the U-6 number, homelessness in America, Global warning is increasing and water levels are rising, et al…it is like clock work. Every time a Republican is in office journalists all of sudden dust off their diplomas and began to act like journalists.

    Liked by 1 person

    • notamemberofanyorganizedpolicital says:

      That is if there is any MSM left…………

      Doubtful they can survive their many mass suicide attempts………..

      Like

  22. Tom Hite says:

    Brilliant. Brilliantly done. This is the big picture. With articles like these the American electorate seems to be catching on to the game as played by the globalist for the past half century.

    Liked by 2 people

  23. maga2016 says:

    Disgusting leftist Brit Hume replaces Greta on Fox News.

    Liked by 2 people

    • yy4u says:

      Brit Hume is in the B category above — his vast fortune is tied up in keeping the Globalist/open borders/amnesty “economy” going. His buddies in the CoC get low wage labor, Joe and Joan Sixpack can’t find jobs. Hume probably would rather have a Republican Globalist than Hillary but if he has to choose between HIS fortune and the country and his countrymen, guess who he’s going to choose. With enough money they can never be harmed by open borders amnesty etc because they can always move to New Zealand or Switzerland or some other “safe” place. If not, they’ll just build castles with moats the way the feudal lords did a thousand years ago. I’m sick over this never Trump idiot replacing Greta but I believe a purge is going on at Fox. First Ailes, then Greta, Hannity is next.

      Liked by 1 person

    • yy4u says:

      A purge is going on at Fox. Never Trumpers are scared. First Ailes, then Greta, Hannity is next. Brit Hume is in category B above. He knows better but doesn’t give a rat’s posterior so long as his fortune isn’t affected by the low wage open borders workers his CoC pals advocate. Beside Joe and Joan Sixpack were becoming pains in the posterior to the betters because they were sticking their noses into politics and that just is not acceptable.

      Like

    • jackphatz says:

      Yeah, I kinda saw Greta leaving. Too bad Hume wasn’t an Eric Bolling. Now, if anyone knows when Hannity’s contract is up…..

      Like

    • Zoe says:

      Brit Hume, the cure for insomnia. Fox may loose lots of viewers with this guy.

      Like

    • notamemberofanyorganizedpolicital says:

      Does Brit have to wear a tutu?

      Like

  24. Happy Flower says:

    My husband and I have been talking about the “False Economy” for over 8 years and people think we are crazy, because last year and part of it the Real Estate has been kind of OK. What people don’t understand is that the Printing Money has no basis whatsoever so Trump will have to take strong measures to straight up the economy and the banks.. People will realized next February what OBAMA did for us!

    Liked by 4 people

    • You can be fairly certain that after Trump is elected there will be a concerted effort to intentionally “Tank the Economy” in ways that will damage and impoverish the average citizen. We will be made to suffer for having the audacity to challenge the global elite, and they will try to place the blame on Donald Trump. You can already see the media positioning taking form, with “Dire Warnings” about the possibility of financial woes for America should Trump be elected. Right now, Mark Cuban is the “Mouthpiece” for the shadow government.

      Liked by 2 people

  25. James O'Malley says:

    Random headlines I read today:

    “Trump Living Large on Donors’ Dime” – Huffington Post

    Okay, what’s your proof? And what about Hillary’s wealth? She’s living large, but have you bothered asking who’s paying for that?

    “A new 50-state poll shows exactly why Clinton holds the advantage over Trump” – Washington Post

    Okay, so the polls say she’s ahead. But what about the fact that the polls have, time and again in 2016, been proven inaccurate? We could substitute the terms “Clinton” and “Trump” with “Leave” and “Remain”, “Five Star Party mayoral elections”, “Norbert Hofer”, and, the most contentious for the MSM, the “2016 Republican Primary”.

    Now I’ll admit I’m still scared of what’ll happen in November, and these headlines certainly don’t help. My hope is that there are enough undecided voters and ordinary people on the ground who realize Hillary would be a disaster, and that the polls and news stories are so heavily biased as to be completely false narratives, that are willing to vote Trump.

    Like

  26. wolfmoon1776 says:

    Obamanomics, a.k.a. the False Economy.

    Like

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