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. “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. ”

    Your explanation is succinct and educational. Thank you.Sundance.

    Liked by 27 people

    • mister549 says:

      Yes, and I second that “Thank you.” I have come to this article twice and finally, after several years of wanting to understand the “real and false” economy, this is plain and simple! I’m going to share to my Facebook in hopes that others will understand it, too.

      Liked by 4 people

    • The Boss says:

      CNBC.com this morning has a headline “Trump Rips ‘False Economy’, ‘artificial market’, says rates must change”. Their story doesn’t come near to scratching the surface of the issue. Typical of CNBC’s superficial coverage of important economic issues. Now, how I profit from their stupidity?

      Liked by 2 people

      • Matt Musson says:

        I keep wondering how long the Federal Reserve can continue with Zero interest rates when it is destroying the retirement plans of American workers. They started this process so the big banks could recapitalize after he Great Recession. But, how much longer will they continue?

        Then, I realize that Zero interest rates are putting money directly in the pockets of the elites. And, that is why it continues even though it devastates the American worker.

        Liked by 3 people

        • asawasa says:

          i will predict that zero interest rates will end right before or right after Trump takes office. this way it will appear that he is doing a lousy job as president. also would not be surprised if the “unemployment” rate is adjusted to include those not looking for work as well to bolster this horrible economic facade that the elites will try and frame Trump with.

          Liked by 1 person

        • paper doll says:

          They figured out how to cut us out of the loop.

          Like

        • Ono says:

          When a bank has a zero interest rate they can borrow a million from the fed (Rothschild) and lend it out as if it’s 10 million (fractional lending). As long as there is not an audit they can continue to do so over and over. Bank executives can siphon off funds without being held accountable as long as…

          They can borrow from Peter to pay Paul…

          When banks and Wall street are allowed to produce false earnings statements and no one goes to jail, you can bet the farm that there is a Ponzi scheme going on of the greatest magnitude.

          Like

    • k.hardy100@yahoo.com says:

      PRISON TOGETHER
      Hillbilly 2016

      Liked by 3 people

    • jaxvillekid says:

      I have talked about this for the last 8 years and all I got were blank stares. Now I can send people a link here and then they can see for themselves. Sundance does a much better job than I could explaining it.

      Liked by 4 people

      • pawatcher says:

        Same here, I was introduced to the subject by my father, then LaRouche/PAC, and I have used their stances to enlighten when possible- the economy is a tough subject to arouse excitement, but, a basic understanding is essential.
        This article by SD is a good one to pass around.
        Trump has a lot to keep him busy this coming New Year, and it will be a New Year by restoring old year’s laws, including the constitution.
        The bureacracies must be dismantled after the central banks collapse. Get rid of the Fed. and fiat money, so much to do.

        Liked by 1 person

    • signals3 says:

      Hi, this is my first time posting here, but I have been coming here for a few weeks and reading stories, and comments….and I just watched a video and kinda wanted to share my thoughts on the race of the century…
      1) Hillary has Parkinson’s disease.
      2) The Democrats know this election is a referendum on Obama
      3) Hillary is the only viable candidate the Dems have
      4) The media reaction to reports of her being sick are overkill, and at first glance….odd. However, they might know that she has P.D. and are covering it up, that’s why they bring up the old standby “conspiracy theory”.
      5) If she is elected, she will just be a figurehead. She will not give press conferences and will instead be on TV, and State of the Union etc. We might be voting in Bill Clinton for a 3rd term…and whoever else is in their shadow government….they want the White House again to become even more powerful and usher in single payer healthcare, collapse our borders, pass TPP and other “Clintonesque” trade deals, and all of the other crap they do.
      This is all just a loose theory, but it kinda makes sense….and it explains a few things for sure.

      Liked by 5 people

      • WeeWeed says:

        Welcome Signals!

        Liked by 5 people

      • I agree with everything except Bill Clinton being the power behind the throne. Time has beaten down his body too. Obama is planning on keeping his foot in the door. Don’t for a minute think he’s staying in DC so his daughter can attend the same school.

        Liked by 1 person

      • sDee says:

        I think most likely that all along, “rumor and concern” over Hillary’s health was intended to play out in State Media, thereby drifting the 2016 election over to a reluctant win for Jeb Bush. After all, it is the elephants’ turn in the White House.

        Sundance laid out well for us the WIN-WIN scenario that globalists had planned for the 2016 presidential race. Either Jeb or HIllary would be a win for them and push America beyond the point of return with TPP, and massive third world immigration.

        Trump blew their scheme apart, but the globalists were left running Hillary on the donkey side of the UniParty ticket. She never would have been called onto run a real campaign, only a pillow fight with Jeb.

        There is no way she can stand up against Trump.

        Liked by 1 person

      • jackphatz says:

        Look back at her many televised appearances. She’s nodded her head for years and that unnatural laugh of hers.

        How could she do a debate with Trump? Even sitting he would not let up on her unless they did not allow fro a rebuttal. Some debate then.

        Like

      • Bendix says:

        This is a good place to theorize.

        Like

      • psadie says:

        Excellent video and explanation…Bill’s finger shakes a lot so I wonder if he is at the beginning of Parkinson’s Disease?

        Liked by 1 person

        • seabrznsun says:

          Chemical toxins are suspected as one of the causes of PD. I would guess over the years both have had (and likely still do have) plenty of exposure through significant & unlimited use of various illegally imported chemicals.

          Like

      • pawatcher says:

        Could be a big act, too. That’s beginning to be my take on this attention getting illness crap. Keeps the conversation on the wrong thing.
        It’s always been known Crooked Hillary has to be hidden from the public, she becomes unlikeable with each appearance. Go back to Arkansas, she had to be hidden on a regular basis. Corruption was ducked by hiding, and it’s worked.
        Cough, cough, get the camera off me and let someone take up my mantle without me there. The LSM does her bidding better than she can.
        The illnesses, amnesia are her defense- hide the corruption by hiding Hillary. Never answer for corruption, feign illness and amnesia.
        It’s a pattern already.
        A well written soap opera……….Will Hillary remember today? Will Hillary be ill today?
        How was Hillary’s holiday? Will Hillary be able to meet the press?
        The saga continues with the same old script.

        Like

    • Stinky-Inky says:

      When Main Street was purchasing the legislative influence was when the COC did some good. Now the COC is chasing and defending the false economy of globalism, hiding behind it’s Main Street brand equity. Trump is pulling the mask off of these NWO types and exposing them for the sellouts they are.

      Liked by 1 person

  2. Russell G. says:

    Never, never bet on a horse named Limpey—Mount Hillery
    Never run a foot race with a fellow named Flash—our next president, Donald Trump
    Insights into the human mind are the bedrock into psychological understanding.
    It’s a given—-that any board certified psychiatrist would classify Mount Hillaries social facade as perversely diabolical and impacting her psychomatic unity.
    Her cacodemonic naked ambition for personal wealth generated through her slush funded foundation, crisscrossed with her fetish pathologies of hard-hearted pitilessness (((what difference does it make))) and fiendish ruthfulness, make her demonic prepossissions one of the most compelling case studies yet of a malevolent power driven addict.
    There’ll be selling ice cream on the SUN before Mount Hillary is ever marked by integrity!!!

    Liked by 7 people

    • HonorDefendBuckeye says:

      “Hard-hearted pitilessness” is a precise and exacting description which I will borrow and use. Her use of the disgraceful James Carville years ago to ravage Bill’s victims with “That’s what you get when you drag a hundred dollar bill through a trailer park,” is another example of her contempt – demonic, malevolent indeed.

      Liked by 3 people

    • Ono says:

      “You don’t tug on Superman’s cape,
      don’t spit into the wind,
      don’t pull off the mask of the lone ranger…
      Vote Trump if you want to win.

      Like

  3. flyingtigercomics says:

    Another devastating effect of the false economy is that it allows the devaluation of the REAL economy, especially manufacturing.

    With wall street types and money masters shuffling papers around in a long con, people forget that real things will always have a real value, physical building and manufacturing is essential. Any “economy” that places a higher value on worthless script and SJW crap rather than building things has to be exterminated root and branch.

    Liked by 16 people

    • ZZZ says:

      and you ask yourself…what is their end game?
      unsustainable illusions…
      I can see how the Biblical one world economy will easily be created…out of necessity…the ultimate re-boot.

      Liked by 1 person

    • dbobway says:

      The false economy also created Google and yahoo. A room full of people typing in front of a monitor does not create a $250 share corporation,

      With air as it’s asset!

      Liked by 8 people

      • k.hardy100@yahoo.com says:

        Advertising is a large part of the false economy and thats what drives Google, and Yahoo, but since aguiring vast amounts of money google is a future leader in manufacturing.

        Liked by 3 people

        • Yes, not only do those companies provide a valuable service to users and advertisers, they are performing the valuable service of concentrating wealth in the Private Sector yet again. With all that money – what are they doing with it. As k.hardy100 says, Manufacturing! Rockets and everything associated with the space industry. Now, if only government would get ENTIRELY out of the space industry, we could actually get somewhere.
          Best scenario? All the people fearing Global Warming will be able to get off the Earth!

          Liked by 1 person

          • k.hardy100@yahoo.com says:

            They will also be the future of the Auto industry, with auto pilot Cars.

            Liked by 1 person

            • seabrznsun says:

              I think it might be a good time to consider purchasing a local pub. I’m sure there will be a huge need.
              On a more serious note, my (limited) take has been OPEC is still the driver at this point. We no longer back with gold. That was a huge mistake! OPEC is setting the mark.
              Until we make use of our own abundant, yet untapped, natural resources, we’re stuck on OPEC for now.
              That’s my (again, limited) take as a starting point. Add re-instituting the Glass–Steagall Act and a slow roll “out” of the fed reserve along with a bust up of the monopolies of the mega-banks so banking can return to the community banks.
              Of one thing I am certain, the tasks confronting the American people is huge, but not insurmountable. It’s going to take courage and willingness on the part everyone. But the most important factor will be our leader, our commander. He must have knowledge, foresight, determination, and negotiating skills to bring about the very necessary changes.

              Liked by 1 person

      • nyetneetot says:

        People don’t understand that IT has been in the false economy category since around 2000. What passes for a university degree in the field only promotes the continuance of that model.

        Liked by 3 people

    • NJF says:

      I read yesterday that Eric was on Fox & Friends. When discussing the clinton’s he asked, “what did they do‘to earn their wealth since leaving the WH dead broke? What did they produce, build? How does someone earn that much money?”

      Liked by 9 people

      • Bendix says:

        Some local liberal type with a blog was bemoaning the choices in this election, and then he suggested MICHAEL BLOOMBERG might be a good man to step in and fix things. OMG! Michael Bloomberg is a creation of the financial bubble. No way does he want to ‘fix’ the economy that made him.
        I am so sick of the “I’ve got mine” crowd thinking they know everything.

        Liked by 2 people

      • flyingtigercomics says:

        Clinton scum represent the worst element of the modern anglosphere.

        They are conspiratorial, criminal, corrupt, parasitic, entitled monsters.

        The point to understand is that they are some of the BIGGEST monsters, but the whole political-media-bureaucrat class is THE SAME.

        Like

  4. MouseTheLuckyDog says:

    I think somethings needs to be pointed out here.
    “Wall Street” has in the past provided a lot of good value in the past.
    For example, one of the earliest uses of insurance was to insure merchant vessels.
    Twenty guys went and paid Loyds one fifteen of the value of their ship. Statistically, nineteen ships came back and made money and one got lost. In the past the guy that owned the ship that got lost, lost his shirt. Now none of the ship owners lose their shirts. Nineteen ship owners made a little less money and Loyds made a little money pooling the risk. With the risk of losing your money greatly reduced shipping took off and helped the economy.

    Similarly options of foodstuffs gave farmers a steady source of income, irregardless of whether they had a bad season or not. Less farmers going out of business, good for the economy.

    The problem is that Wall Street began to create more and more complicated structures which relied less on underlying financial intests ( shipds, foodstuffs etc ) and which hid them in complex ways.

    The thing is that we don’t want to get rid of Wall Street. Really we need it to keep the economy running efficiently. What we need to do is get it under control.

    Liked by 2 people

    • F D says:

      No one is saying to get rid of Wall Street. It has its place. We want the gambling dealt with. Especially the outrageous expectation that we should bale them out when they fail.

      Liked by 8 people

      • jaxvillekid says:

        Amen F D!

        Liked by 1 person

      • TheLastDemocrat says:

        A lot of these financial products, I believe, do have value. They are backed up by something.

        –The problem is the bail-out option. Too big to fail.

        when the housing market bubble burst, there really were three ways to address it, and the government – Obama, the “Democrat,” picked the one that ripped us everyday people off. He picked the one that did nothing for the little guy, but totally bailed out the big banks – the people who support their campaigns, and through whom the political elites work their international insider deals.

        The government could have done a second option: nothing. Houses get foreclosed, banks suffer a big hit. The families in those homes move into apartments or live with family, and rebuild, re-establishing credit and savings. The banks figure out a way to survive, or get bought out, or go bankrupt, and investors take a hit. With time, the downturn works through the economy, and if we have a solid economy -producing real value – we work our way back up.

        The third option: help those families with a handful of money to transition out of their home and into one they can afford, or into an apartment – for many families, simply being given $5,000 would tide them over through the transition. They could gracefully get out of a house they could not afford while protecting their credit, get into a less expensive house or into an apartment they could afford, and carry on. With home values allowed to go lower, others with the credit and the savings could get into those houses. In the housing bubble, there were a lot of speculators – you borrow against your equity, buy another house, flip it as values ride up, and repeat – until the bubble bursts. Anyone playing that game just gets burned as their investment home loses lots of value. Oh, well, live by the sword die by the sword. Not all investments work out. Time goes by and people recover.

        In the third, all of the taxpayer dollars do not benefit the big corporations, and do not buy a lot of votes. But if you are gonna throw around trillions, why not throw it at regular people who will use it to survive the housing burst a little bit better?

        But the whole game is to use taxpayer money to enrich cronies. Just like Solyndra, etc. Where did all of the Solyndra money go? The insiders all made millions, and taxpayers have nothing – not even a kilowatt of solar energy.

        –If the government wanted to help boost solar, it could 1. have worked to help match up potential lenders for that $500 million – play matchmaker – or commit to putting those eventually emerging solar panels on government buildings, ensuring initial business until it gets up and running. But no – they picked to do big money loans to political donors. Thy all made money and we picked up the bill. –This is their game, now. Any way they can develop ways to spend huge money with no eventual product.

        Liked by 1 person

  5. yohio says:

    IMO wall street is run anymore like a Giant Ponzi Scheme and taxpayers are always left to pick up the pieces.

    Liked by 5 people

  6. wheatietoo says:

    Wall Street began rewarding companies for closing down their factories here and moving their manufacturing to other countries, back in the late 80s and through the 90s.
    Those companies were rewarded with an automatic price jump in their stock price!

    This is one of the most stark differences between the Wall Street Globalists and the Main Street Nationalists.
    Globalism has been promoted as “the new big thing”…and Nationalism has been derided as “archaic” and “against stockholders best interests”.

    And the Clintons openly promoted Globalism during the 90s.
    The Clinton Commerce Dept sent tax-payer-funded junkets…plane loads of US business people…to Asia and other countries around the globe, for the purpose of off-shoring those businesses and killing jobs in the US.

    Bill Clinton was the biggest job-killing president ever.
    And Hillary was totally onboard with it!

    Hillary was asked once…’What about our small businesses, who are shutting down as a result of Globalism?’
    And Hillary snapped back with…’I can’t be worried about every under-capitalized small business in the country!’

    Thanks for this post, Sundance.
    Nicely written and well said.

    It makes me gag when Hillary claims that she “cares” about Small Businesses or Main Street.
    She doesn’t.
    She never has.

    Liked by 17 people

    • Your tour guide says:

      Remember “Chainsaw Al” Schmidlapp? His stocks would peg after he plundered a company, and laid off all the employees. He was considered a genuis, because he provided “value for investors.”

      Liked by 3 people

    • big bad mike says:

      I was one of those under capitalized entrepreneurs. I will always remember her making that comment, especially since we were only one year in as a start-up when her and Bill became President We recently celebrated our 25th Anniversary. Since we pay bi-weekly – that’s 650 straight payrolls. That’s the thing I am most proud of.

      Liked by 21 people

      • wheatietoo says:

        Good for you, mike!

        Glad I’m not the only one who remembers Hillary saying that.
        It was her snarky tone too, when she said it, that made it even more outrageous.

        Liked by 1 person

        • Wow, that should be in an ad or at least being shared around the Internet. Maybe someone can find the clip somewhere. She really doesn’t care about anyone unless her and bill make money off it.

          Liked by 1 person

        • Bendix says:

          She was trying to show how smart she was about business, and forgetting about the people behind her.
          She has a way of forgetting about the people behind her. Like when she holds some illegal immigrant’s kid on her lap and shows just how ‘warm’ she is, when the illegal lawbreakers are not her concern, the Americans who have fallen on hard times are.

          Liked by 1 person

      • rashamon says:

        I’m impressed. Those were horrible times for a start-up as the major requirement for any new business is stability: of markets and of the contracts made with lenders and customers. Not many survived their “five-year plan” to become stable competitors continuing to grow into the 2000s. Kudos!

        Any time the government gains more control over the economy, the risk to individual taxpayers and, thus, the marketplace increases, which is a fact left out of modern economic theory. Clinton played FDR, expanding the federal fingers into every pie in America, for no reason except personal greed and narcissism.

        Like

    • Bendix says:

      I noticed that a moron on CNN who supports Hillary is unaware that it was Clinton who signed NAFTA.

      Liked by 1 person

  7. GiGizMe says:

    Anyone else having trouble reaching the RT website? I tried from numerous devices and IP’s and still unable to reach. Haven’t tried an IP outside of U.S. yet.

    Looks like Google or our government is throttling the website. (DNS attack?) hmmmm

    Liked by 1 person

  8. Mezzz says:

    Ive had a theory, from a time well before he left the Cruz camp, that Mercer was a Trump guy from the beginning. There isn’t a lot of information on Mercer, that I could find at least, but everything I read about him made me think he’s a Trump guy. The first indication was from a Bloomberg article early this year that was describing a meeting in Palm Beach, in February 2014, that included Mercer, his daughter Rebekah, a few other donors, some researchers and the candidate they were considering backing, Ted Cruz. The researchers had concluded the country was ready for an outsider, like a Mr. Smith goes to Washington figure; They used the phrase “Trump-like” to describe their ideal candidate. The title of that movie they were referring to was not Senator Smith goes to Washington.

    I’m pretty sure in a contest as sophisticated as presidential politics not everything is as straight forward as it appears.

    Liked by 1 person

  9. The Boss says:

    Oh to have a boring economy again. And a boring Congress. That’s what winning looks like.
    MAGA! Trump / Pence 2016 – 2020 – 2024 – 2028

    Liked by 4 people

    • arete55 says:

      As boring as an adult chaperone for a “teen-age” rave…..

      Like

    • Paco Loco says:

      I got lucky and sold a real estate investment in Hawaii for millions in 2005. Money market interest was about 6% and by sticking my profit into laddered CD’s it looked like my wife and I could live comfortably on the interest on the principal. By 2008, Wall Street’s miss investment in CDO’s and other Ponzi schemes was revealed to be fraud, Wall Street crashed and the bankers who had made the mal investment vehicles were bailed out by Uncle Sam and the so called banking crisis adverted. Wall Street was “bailed out” and the carny games continued with interest rate plunging to near zero, Main Street was screwed. The baby boomers who were near or in retirement and who had built nest eggs by saving, watched as their savings and principal were eaten away. Eight years of Obama and Helicopter Ben’s ZIRP did the trick and destroyed the prudent savers nest eggs and forced most boomers to stay in or go back into a declining jobs market. Many lived off of credit card float and then came Obamacare to further destroy the middle class. Now there are 92 million Americans not looking for work and 45% of the country on government assistance. Lots of pain has been spread around Main Street, not so much on Wall Street. When Interest rates finally raise again as they must, the free wheeling stock market and the over priced faux real estate market will tank with an insuing cry from Wall Street for a new bailout. This has to end and unfortunately it will end badly for Main Street as there is no capital flowing there. Trump understands what’s happening and has warned that the latest Ponzi scheme on WallStreet is nigh. The Dems will set up a financial crash if he wins the Presidency to try and screw him before he even takes office. It’s time for tar and feathers and some effective use of lamp posts in New York and Washington DC.

      Liked by 5 people

  10. Apfelcobbler says:

    Here’s what capitalist cronies have grown to expect:

    Bailouts.

    That is, the cash reward for the reckless investment of other people’s money. (Because “too big to fail”.)

    To my knowledge he has not been put on the spot about this yet … but it would be consistent with everything else he has and is saying about the economy and Glass Steagall, not to mention the discipline with which he has run his own businesses.

    Liked by 1 person

    • arete55 says:

      They also rig the system to monopolize their position

      1980’s saw the abuses of a deregulated Savings and Loan Industry that became Commercial Bank “light”, That competition, to the larger Wall Street banks, had to be broken…Result… the good, healthy S & Ls were brought to heal when real estate markets faltered and they were deemed under-capitalized…..i.e RTC and the liquidation of assets absorbed by the dominating commercial banks..

      A solid, purposeful, Home Loan industry was eliminated, cancelling a needed competitor to the big Wall Street firms who could then be untethered to exploit short term profits schemes with the crony political protection of bail-outs..

      The Wall Street of the last 3+ decades thrives because of our massive increase in National Debt…and the blind-eye of the, paid for, political class…

      Liked by 2 people

  11. I can remember when Bill Clinton was in office during the “dot com” “boom” – AOL (which was a dial-up service) had a market cap larger than Ford Motor Company and even larger Walmart! A lot of people associate Bill Clinton with a “booming economy” but it was a FALSE economy and not long after Clinton left office the dot.com “boom” went BUST.

    Liked by 3 people

    • georgiafl says:

      Clinton administration numbers were also helped by Newt Gingrich and other Congressional Republicans conservative leadership.

      Like

      • Frankly Ben says:

        If you’re saying Wiley Fox Newt is a globalist in sheep’s clothing I share your concern. However I think it’s important to recognize that Newt did push through the largest capital gains tax reduction in many years that led to the dot.com craze. And yes, you’re right. It was stunning to see the sudden emergence of these companies with enormous market prices with nothing underneath that price than a hope and a prayer.

        It would have been more prudent to have reduced the capital gains tax over several years rather than all at once.

        Clinton led an income tax increase upon entering office that was primarily responsible for the Dims’ loss of Congress in ’94, helped by a clear, simple Republican policy statement – the Contract with America, which I believe was the brainchild of Newt.

        I find Newt to be a jumbled, confused, contradictory character, sometimes liking what he says, other times disliking. I think his main problem is he’s always trying to outsmart himself.

        Liked by 1 person

        • georgiafl says:

          NO – I was giving my fellow Georgian credit for forcing conservative actions – all the things you describe above – on Clinton.

          I didn’t have a list of them as you do! Good work!

          Like

        • georgiafl says:

          Newt’s personal life – traumatic childhood, poor choices as an adult – affected his political life and created an overweening pride, a hungry ego and so he sought female reinforcement – and that caused him to squander his brilliance and political power.

          Newt is a tragic figure – and he hasn’t fully learned his lessons, has he?

          Liked by 2 people

    • Bendix says:

      I’m finding that I have to pin the massive acceleration in the Higher Ed racket on Bill, as well. The shoe fits.

      Like

  12. coltlending says:

    Nice summary.

    This can’t be repeated enough.

    Like

  13. Jeff says:

    VERY WELL DONE SUNDANCE !! Nice to see the leveraged Global economy “QUADRILLION ” in print !

    Bubble economies are by nature planned to burst and be used to usher in even more BIG GOVERNMENT =communism !

    Manufacture a CRISIS …propose a BIG GOVERNMENT solution is the GLOBALIST business model in a nutshell .

    The NATIONALIST business model being fronted by Mr Trump is one of Main Street market economy ….CAPITALISM !

    The next big bubble the GLOBALISTS have planned is the HUMAN BUBBLE …too many people on their HUMAN FARM . All waiting for STUFF they promised but can’t deliver . It’s easier for the ruling “elites ” …Godless scum of the earth …to kill off millions than to grown a REAL ECONOMY …because they have NO IDEA how to create even one private sector J O B

    Liked by 4 people

    • susiepuma says:

      Look for World War IV to begin………………… that will eliminate the over population……….

      Like

      • arete55 says:

        My college history professor chronicled the key components of the exit from the Feudal System.

        When the Bubonic Plague ravaged Europe in the 14th century, it is estimated that at least 25%+ of the population was lost….Was this a catastrophe?…For the lost souls for sure, but not for the survivors…..Why?

        With a significantly reduced population, food scarcities were eased, allowing for more guild enterprises (urban growth), as the living inherited the real property of the deceased, instantly making the population wealthier than they had ever been…

        Once things settled down, and the wars of the 14th century consolidated this wealth and National powers, the age of exploration began….assisted by advanced navigational techniques, and the revolution of the printing press…

        At the core of this paradigm shift, was the irony that, a massive loss of human life, would be so advantageous to the advancement of the human condition.

        Major loss of life is not a restrictor to some who believe they will be the survivors..

        This is a very basis element of the dynamics of that era….Religious conflicts and reforms were to be another radical by-products caused by this significant catalyst.

        Like

  14. JRD says:

    This really is a great read.
    http://www.theburningplatform.com/2016/09/04/the-anti-cinderella-man-part-one/

    THE ANTI-CINDERELLA MAN
    http://www.theburningplatform.com/2016/09/04/the-anti-cinderella-man-part-one/
    Apologists for the status quo contend the last eight years couldn’t possibly be classified as a depression. The narrative of economic recovery has been peddled by corporate media mouthpieces, feckless politicians, Too Big To Trust Wall Street bankers, Federal Reserve puppets, and government apparatchiks flogging manipulated data as proof of economic advancement. They point to the lack of soup lines as proof we couldn’t be experiencing a depression.

    First of all, if there were soup lines, the corporate media would just ignore them. If they don’t report it, then it isn’t happening. Secondly, the soup lines are electronic, as the government downloads the “soup” onto EBT cards so JP Morgan can reap billions in fees to run the SNAP program. Just because there are no pictures of starving downtrodden Americans in shabby clothes waiting in soup lines, doesn’t mean the majority of Americans aren’t experiencing a depression.

    Liked by 12 people

  15. paris23 says:

    I wanted to share this doc which I picked up tonight in the comment section on Breitbart, I believe. It is a 1971 Chamber of Commerce document describing the ongoing effort (conspiracy) by the left to overthrow the free market and usher in a statist system. Very interesting.

    http://law2.wlu.edu/deptimages/Powell%20Archives/PowellMemorandumTypescript.pdf

    Liked by 3 people

  16. WestCivYank says:

    Sundance you need to take the next leap and realize these are not conservatives at all. They are CONservatives. This is the “front” established to “cover” every right wing angle in the electorate.

    As you rightfully pointed out, no conservative would pass omnibus. They aren’t ignorant, they are players.

    Liked by 2 people

    • gloriosaedominae1 says:

      Ah yes, the Grand Wizard of the Economy and Apostle of Ayn Rand. This guy never fooled me. I used to almost become physically ill as the toadies in the media would bow down and worship to the nonsense that spewed from this mouth. Of course they thought that everything that came out of his mouth was pure gold. Pun intended.

      Like

  17. Ivyredneck says:

    Excellent summary, sundance, but there is a piece missing. Long before the banks started making oodles of money from financial tricks, Main Street has already started doing so, as shown by the declining quality of American cars in the 1970s. GM led the way by putting its finance guys in charge at the expense of the engineers. In the end, the culprit for all of this was Nixon’s decision to kill the gold standard.

    Liked by 4 people

    • BAM says:

      Boeing is going through this currently. They need to compete, but have the banker/ business people making decisions that will hurt the company in the long run.

      Like

    • Your tour guide says:

      1970 : high compression engines, minimal emission controls, strong performance. 1971
      strangled engines, lower performance, low compression engines. 1970: high quality thick
      vinyl and cloth door panels. 1971: Upper door panels vinyl, lower door panels vacuform
      extruded plastic. I wasn’t old enough then to be buying a new car, but I’ll bet that the 1970
      models flew off the lot, while the ’71s gathered dust.

      Oh, and there was the predicted year after the decade depression in ’71 (Just like “61,
      ’51). The ’71 depression was brought on by UAW going on strike. They weren’t paying
      them enough to make increasingly crappier cars.

      Liked by 1 person

  18. Bull Durham says:

    Two other large factors of the present “economy” that skew against Main Street are “dark pools” market-making replicants of the NYSE and NASDAQ, and the FED’s creation of national debt.

    The first screws the public and small stock investor on buys and sells (in behalf of lower costs, they tell us), and the latter is the destruction of value of money and savings while empowering the few banks and the other recipients of the money created by the Fed that never circulates beyond the equities markets.

    Free to the Wall Street powerhouses, monthly deposits of 85 billion dollars for 7 years. Imagine what you could do with free, 85 billion per month for 7 years. You’d get approximately 9x richer at no risk to you just as they have.

    Liked by 1 person

    • coltlending says:

      “The first screws the public and small stock investor on buys and sells (in behalf of lower costs, they tell us), and the latter is the destruction of value of money and savings while empowering the few banks and the other recipients of the money created by the Fed that never circulates beyond the equities markets.”

      Spot on

      Liked by 1 person

  19. ZZZ says:

    TOTALLY propped up…

    Like

  20. Jeff says:

    The GLOBALISTS idea of a market is all the parable of the broken window .

    Use the media to promote promiscuity in the culture ( http://www.uhuh.com/nwo/communism/comgoals.htm ) ” 26. Present homosexuality, degeneracy and promiscuity as “normal, natural, healthy.”

    First the communist manufacture a CRISIS of pregnancy via promiscuity . The proposed BIG GOVERNMENT solution is PLANNED PARENTHOOD .

    Both a mechanism of funding for communist campaigns as well as serving their Godless lust for playing GOD !! Sacrificing to the altar of Moloch each and ever fetus of their USEFUL IDIOTS on their HUMAN FARM .

    Liked by 1 person

  21. John R says:

    The problems as I see it with Globalization in the US can be seen directly in the tax code (take a read through Apple’s case right now with the EU). The US government applies a 35% tax rate (one of the highest in the world) to all global income of US companies. However since nearly all other countries use territorial taxation, the US does not tax these US company profits until the company repatriates the money into the US. What this means is that companies (Global Multinational US Companies) are incentivized to invest those profits outside of the US (buy foreign companies, build factories, set-up R&D) – basically to advance foreign nations capabilities and resources. American companies don’t just build factories in Mexico because of NAFTA, it is combined most importantly with the fact that they can use their foreign profits to build in Mexico products that can be sold into the US market. I am certain it was perfectly designed this way by the globalists.

    By the way, I have heard speeches where Trump recognizes this a huge problem that he will fix – align the US tax code to the norm, and stop disincentivizing companies to re-invest their overseas profits in US factories, R&D, jobs etc. The other part of this is that you see foreign companies (think Honda and Toyota) that can bring in money without paying taxes and build factories in the US – then repatriate their profits back home.

    Bottom line for me is that the US Government has gotten far too big, and has no conceivable way out of the debt without serious economic pain. The US is losing jobs to other nations, losing its R&D edge and will continue down this path. The Corporate tax rate should be no higher than 25% and ideally 15%, to make the US a magnet for investment. I have the impression that we got so far out ahead of all other nations after WWII that there was a proactive decision to handicap ourselves and build up other nations. Let’s hope that a President Trump can restore some balance to this equation.

    Liked by 3 people

  22. micscottmd says:

    Moving to cash and gold. Wall Street depends on free money. Yellen will raise interest rates especially if Trump wins. Wall Street can not survive without free money. It’s going to be ugly but real. When Russia economy collapsed in the 90’s went down severely but the following year it was on fire.

    Like

  23. Thanks for this primer and reminder of how/why things have changed.
    I particularly appreciated the section, Main Street generated the pool of politicians and the grown ups in charge characterization.
    I’m not a banker and my father worked for the Post Office but when I went to the bank with him every Saturday (1950s) to make a small savings deposit from his paycheck, he explained that the bank made a profit off of the monies that were held on deposit and they invested in the community. An oversimplification but this common man’s explanation and little boy’s understanding were valid.

    Liked by 3 people

  24. Illegal says:

    The U.S. had an economy that was made up of small, middle and large size businesses. Many of the small and middle size businesses have been eliminated due to large banks, corporations and speculators buying them out or forcing them out of business. The Feds also played a role by forcing crushing labor and environmental regulations on them. Larger is not always better.

    Liked by 1 person

  25. Rino Hunters United! says:

    Spot on.

    Like

  26. sDee says:

    “Hillary Clinton has not been so radical in her future plans concerning the US economy. However, she promised to support a shakeup in the top ranks of the Federal Reserve in an effort to increase diversity and minority representation within the Fed, Clinton’s campaign said in a statement back in May.”

    So I guess the American voter thinks the puppet get to chose its puppeteer.

    Like

  27. Gary says:

    What a great read. I feel like I have been to school this morning. I will spend the better part of the day vetting the information (not because I disagree but because I try to vet ANY story like this .. it makes me more confident in my own arguments).

    I wonder if this will be enough to get Ron/Rand Paul on board.

    Like

  28. The first thing I learned as a day trader was the entire stock market is nothing but a CASINO! Great job for GAMBLERS 😀

    Liked by 2 people

  29. georgiafl says:

    Several things are alarming to me about our current situation:

    .1. The effect of globalism, immigration and foreign investors on US banking is a change to – no or low interest – SHARIA COMPLIANT BANKING which deprives banks of normal profit. This also deprives seniors of stable, low risk income from CDs and forces retirement funds to go to Wall Street or global investment.

    .2. The Stock Market/Wall Street is being held up/bolstered by the Fed and by the Big Money and Political Elite. It’s a STOCK MARKET BUBBLE – that is as fake as the Housing Bubble these same evil people created a decade or so ago.

    .3. The influx of foreign money/ownership/influence as well as foreign people, ideologies and values into our country. This means a loss of jobs for American citizens. Almost all new jobs since 2007 have gone to immigrants.

    So it’s not just Wall Street vs Main Street – it’s also Mujahid Street against or seeking supremacy over both Wall Street and Main Street and the US Dollar and GDP – aka economic jihad.

    Liked by 2 people

    • Beenthere says:

      Sharia compliant banking is certainly a pain in the butt. Many of these banks want to get in the middle east market where the money is right now. They are able to work around these laws and make a lot of profit. How do I know this? Hubby figured it out for his company.

      Like

  30. elize says:

    As an “old school” accountant I found the movie, “The Big Short” laid out the basics and complexities of the banking/investing/housing bubble situation in such a way that most could understand it.

    My husband is used to me discussing these topics and said the movie provided a filled in visual for him. I highly suggest it or the book it was based on.

    Liked by 2 people

    • georgiafl says:

      The Big Short is a great movie about the housing bubble and Wall Street Banking Corruption.

      Also watched The Pursuit of Happyness, about stock brokers about the same time.

      Any other movies about the financial world you recommend?

      Liked by 2 people

      • elize says:

        I was actually surprised they made it into such a good movie and that certain actors participated. I tend to be a non-fiction reader but since my husband is a movie watcher it was a perfect opportunity to utilize our time spent together.

        Liked by 2 people

    • John Denney says:

      The major point left out of “The Big Short” is the Community Reinvestment Act, which was used to strongarm banks into making risky loans. When they protested about the risk, they were told, “Don’t worry; you make the loans and then sell them to Fannie Mae and Freddie Mac.”

      Like

  31. Taurnil says:

    <

    blockquote>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).

    Exactly!

    Liked by 2 people

  32. WhyNot says:

    I doubt tinkering with financial laws will bring any changes. It’s like tinkering with Obamacare. Both are government monopolies and the only way to really change it is to get the government out. The government should lose monopoly on money, plus the government should get out of deposit insurance. All banks should be made private and let them do what they want.

    For those who says it’ll create chaos, let’s keep the government banks and the government money, but at least allow competition – let’s see who wins.

    As long as the government has monopoly on money and banks, they can print/spend/borrow money to them and their favorite groups without any risk and the Main street will pay for it regardless of Glass-Seagal or not.

    Like

    • susiepuma says:

      We also need to get rid of the Federal Reserve – which is not owned by the US Government, and is just a storage place for the New World Order Cartel created by the Rothchild’s & their intermarried families………….they now control over 500 trillion dollars …and own so many companies that it boggles the mind. Btw – the Rothchild’s created this Central Banking System which is only central to them……many, many governments have a Central Banking System controlled by the Rothchild empire…………….. several of our early President tried a US Government Bank but somewhere along the line, the Rothchild’s took over…………..check the history of our country…..lots of information there and also proves that those who ignore the past, repeat the stupidity over and over again (paraphrasing here).

      Like

  33. Jenny R. says:

    We have all seen an excellent example of this false economy and the machinations of Wall Street/DC with what is going on (and has gone on) in Puerto Rico.
    And the media helps to spin it so the average person here does nothing more than curse the average Puerto Rican.

    But we have had mini-Puerto Ricos happening here for quite some time (so we cannot blame the average Puerto Rican for not avoiding it, when we are not avoiding it ourselves), and we will have more if we don’t wake up.

    And this is why I have been very immune to the name calling that was given to those of us who refused to support Romney in ’12. Trump is an actual business man; Mitt never was (in fact, he was by and large an absolute failure any time he attempted anything of the sort)…and Mitt would have been no better than Obama with our economy (which supports our military policy and our domestic policy — they are all interconnected)….and I hardly need to remind anyone of what a glittering success Obama has been with our economy.

    Yes, we are in the middle of a depression, and right now it appears as though we are not into the worst of it, yet — many of those “welfare mooches” some less wise like to scream about were either working up until recently or are still working but at depressed hours and stagnant wages…which by the way do not cover the cost of living because necessary items, like food, are now exorbitantly high…but cell phones and HD tvs are incredibly low; this has been going on for quite some time, and it would be nice if some sheltered people came to realize this — aka. the liberals aren’t the only ones with their share of “bubble people”; aka. see above about how the media/punditry manipulated you into not looking at the problem but rather encouraged you to rage against the ordinary people; all the while you yourselves were getting lined up (unless you are of the same league as Warren Buffett) to be in the very same position in due time).

    And for actually trying to wake people up to this, I do indeed credit Mr. Trump — for again, even if he does only this he has provided a great service to us. Hopefully we don’t all get lulled back to sleep; I’m sure that there are some of the Warren Buffett type that would love to co-opt this movement. There is nothing at all wrong with being rich…but a proper understanding of the concept of subsidiarity (something hardly anyone understands well) is vital because without it, then there is something very improper about one’s wealth. Hint: those who mock the poor, after making them so, will never understand it, and yes their wealth does great evil. Nobody is under obligation to admire them for being rich or “businessmen” at that point; in fact, you are under obligation to not admire them at that point.

    Liked by 2 people

    • georgiafl says:

      Mitt Romney made his money on the backs of the American worker and taxpayer.

      He drained pension funds of companies he bought then the workers had to depend on the government to cover their retirements. Romney was a corporate vulture and B4$+$rd of the first order.

      I have many links to the bail outs he got.

      Liked by 3 people

      • Jenny R. says:

        I probably have them too. I used to feel the vomit coming up in my mouth every time I heard the “he’s a great business man!” line during the ’12 election, and that he was a “very nice, good, moral man”…that would nearly trigger retching like what the hag did.
        Much like the bile bubbles up in my throat whenever I hear a liberal coo about the great philanthropy and care of one of their “great people”, which of course makes it ok for them to be gloriously wealthy.
        No, I refuse to go along with that…they are not great, good people.
        Sodom and Gomorrah were destroyed for their decadence and love of evil, and that included both sins of the flesh, sins of greed, and sins of pride — because they are also interconnected…it is always telling that so-called conservatives like to focus on the sins of the flesh, liberals on the sins of greed, and none like to remember the sins of pride…because each is guilty of the sin they don’t mention (and it leads to the sin they do, so they have already gone there as well)…but fall just the same they will.

        All an individual can do is just not go along for their ride 😉

        Liked by 3 people

        • Bendix says:

          When I thought of Romney, I thought of the nasty-tempered architect of Romneycare. How could anyone ignore how evil that was?

          Like

          • Jenny R. says:

            Ooooh, because he’s this fantastic businessman and rich and has a picture perfect family…and his bloody pants creases are spectacular!

            Funny that — Trump seems to be pretty good at business (smarter than most, he invests in property, which usually holds some value) and is rich, and I’m pretty sure he has a good tailor, but no love from the same people who told us all to love Romney.

            And by the way, I don’t see Trump throwing around his cash on decadent things as much as Mitt; in fact, Trump is positively sober in comparison to most in his wealth bracket and does a lot of private charity on the down low (unlike somebody else who makes their tithing a big freaking deal — and it’s not like he’s doing it out of love; he just wants to make sure he gets to be a god of his own planet with all those wives and also have a lot of political pull in his religion — and anytime he does decide to throw something to the little people, the 47%, everybody has to hear about it, same as with Buffett and Gates, etc.)…yet all we ever hear about is…well, you know the rest.

            Liked by 1 person

    • Bendix says:

      Speaking of the high price of food, which went up even as gas prices fell, and no one talked about it- I saw a very odd report on the network news last evening. Finally a mention of food prices, but not a story about how food was becoming out of reach for the average family. The story contended that the LOW price of food was harming the economy. Honest to God. They gave prices for a few items, which they claimed are much lower than this time last year, but no mention that if indeed these prices are any lower, it is only because they were extraordinarily high last year. They went on to mention China and interview a cattle rancher, but by that time I wasn’t really interested because I recognize propaganda when I see it, and it got me wondering what they are up to this time.
      This is what it has come to. A story on the news, and you have to wonder what agenda is behind it.

      Like

  34. Chris says:

    Thank you for addressing the elephant in the room SD .
    The “false economy” issue is a can that has been kicked down the road for way too long.
    Ugly truths must be exposed and acknowleged before an honest reckoning can begin in regards to corrupt globalist banking systems. A short history recap in it’s origins may be in order.

    Liked by 1 person

  35. SeekerOfTruth says:

    A simple reason why I have supported Donald Trump for President for over 5 years. 2012 election and 2016 election and pushed very hard for him to get into the race this time 5 months before he announced getting in.

    two economic views.
    1) Producer based economy. Donald wrote and spoke on this years ago and I was thrilled. More later. This is the economy that made America great.

    2) Services economy – financial and social services economy. This is mostly what we have now and has lead to the destruction of the working middle class and the massive debts and destruction of western civilization in many ways.

    Think about a producer based economy and all the policies that means.
    1) As much production here as possible providing good paying work.
    2) Low taxes to keep production AND money here.
    3) Low regulation to make it easy for companies to start up and operate.
    4) Controlled immigration population to make sure immigration does not dilute the American work force. And immigration that is used mostly to add value jobs to companies and not to replace available US workers.
    5) Trade policies that are fair.
    6) Strong energy and transportation infrastructure.
    7) Good work ethic that promotes good workers (not political workers). Work hard, get paid pretty good and advancement opportunities.
    8) Lower personal, corporate and national debt because production money is here and spent here.

    It is pretty as as an economist to see how Donald Trump’s belief in the producer economy versus services economy has lead many of his main campaign policy positions. Once I found out about Donald’s view on this in 2011 I really wanted him as President. My only regret and Donald’s only regret is hi did not enter the race in 2012. He did it mostly because he was not ready to totally hand over the fate of his business to his children. They need more maturing.

    Liked by 2 people

    • Keln says:

      I think he didn’t enter the 2012 race because the timing wasn’t right. I’m not talking about the time that would have been best for America (the earlier the better), but when he would actually win.

      I don’t think the current sweeping wave of nationalism and anti-establishmentism was quite large enough in 2012 to propel Trump into the White House. And not only would losing a campaign be a costly endeavor for him personally (I think he would have lost in the primaries), but it also damages a candidate’s chances the second time around, especially an outsider (although I think he would be winning now even if he had run in 2012 much like Reagan did in 1980 after losing in 1976).

      As Trump himself says from time to time, there is a movement and he is its voice. He is simply the right person at the right time. 2016 was the only window of opportunity for Trump to win, in my opinion. It’s like when a surfer sits all day on the beach waiting for that one killer wave. When it comes, he’s ready and goes out into the water to catch it.

      Trump is riding a wave that is going to come crashing down on the establishment and the globalists.

      Liked by 3 people

      • Your tour guide says:

        Trump practices a unique way of doing business. He creates a product, employs many,
        and provides a tangible asset to the areas that they are located in. He does so in a manner
        that’s moral, ethical, and ultimately christian. I forget which adult said this when I was growing up, but I’ve always tried to follow it. I know Trump has it down.

        “It’s OK to make a lot of money. It’s not OK to make a lot of money if you can’t do it without
        hurting people.”

        Like

      • woohoowee says:

        ‘Cometh the hour, cometh the man.’

        Liked by 1 person

  36. Pamela Blythe says:

    We have $500 Trillion in oil and resources to back us. Remember all of the fracking has discovered we have more oil resources than the Middle East.

    Like

  37. NJF says:

    I can just imagine how he’ll be vilified for discussing the “false economy” by all the “experts.”

    SMH

    Like

  38. Every comment (almost) above is talking about details and outcomes.
    Here is the ROOT: Government Debt.
    As Dirt is the foundation of all Agriculture, Government Debt is the foundation of the False Economy.
    THIS is why both Republicans and Democrats oppose Donald Trump. May they nevermore prosper.

    Liked by 2 people

    • woohoowee says:

      Doesn’t the question become one of how to unwind it without crashing everything?

      Liked by 1 person

    • Reality Wins says:

      Government debt is being held by the same banking interests that have created this fiasco and also by the government workers unions who have both profited mightly by it. Let them burn as we should have done in 2008. Allow the credit unions in America to step up and take their rightful place in growing a real economy.

      Like

  39. tim glave says:

    Two things. When. Nixon ended the gold standard and the credit card business was started in N. Dakota is what instigated this economic change.

    Liked by 1 person

  40. Eric Gold says:

    I am a professional full time gold trader. This topic is the bedrock of my business. Please allow me to share a few points that may add light to this subject.
    1) On Christmas Eve 1913 Congress ceded it’s constitutional authority to “Coin money” ( note that it was not authorized to print IOUs and pretend that this paper was money) to a privately held for profit bank who’s owners were a secret, did not have to file tax returns, and did not have to report on it’s activities to any controlling government authority,
    2) This “Federal Reserve” bank was neither federal nor was it a reserve entity.
    3) The Fed was now granted the authority to issue debt instruments (Federal Reserve Notes- now called Dollar Bills- read it- it says Note right on the face).
    4) The Fed was now authorized to print as many of these as they wished- creating currency units ex nehilo (out of nothing).
    5) With these conjured currency units The Fed was able to directly buy/bribe 2/3rds or greater of the Congressional Authority to do it’s bidding.
    6) How does this hurt you? By devaluing the buying power of the Dollar. It’s buying power (value) is down 92% since 1913.
    7) Where did all that savings and earnings they stole from you stealthy go? See Sundance’s excellent article above.
    Donald Trump is a direct existential threat to the literal TRILLIONS of dollars held by these clever thieves. This is the main reason he is so hated.

    Liked by 4 people

    • Damn! I just pulled a dollar from my wallet and saw the word ” NOTE”!

      Like

    • freddiel says:

      Donald Trump is a direct existential threat to the literal TRILLIONS of dollars held by these clever thieves. This is the main reason he is so hated.

      He is a threat to the “illusion” that their TRILLIONS of dollars hold any value at all.

      Like

    • Chris says:

      Thank you Eric Gold,

      On Christmas Eve 1913 Congress ceded it’s constitutional authority to “Coin money” ( note that it was not authorized to print IOUs and pretend that this paper was money) to a privately held for profit bank who’s owners were a secret, did not have to file tax returns, and did not have to report on it’s activities to any controlling government authority,
      2) This “Federal Reserve” bank was neither federal nor was it a reserve entity.
      3) The Fed was now granted the authority to issue debt instruments (Federal Reserve Notes- now called Dollar Bills- read it- it says Note right on the face).
      4) The Fed was now authorized to print as many of these as they wished- creating currency units ex nehilo (out of nothing).
      5) With these conjured currency units The Fed was able to directly buy/bribe 2/3rds or greater of the Congressional Authority to do it’s bidding.
      6) How does this hurt you?By devaluing the buying power of the Dollar. It’s buying power (value) is down 92% since 1913.
      7) Where did all that savings and earnings they stole from you stealthy go? See Sundance’s excellent article above.
      Donald Trump is a direct existential threat to the literal TRILLIONS of dollars held by these clever thieves. This is the main reason he is so hated.

      THIS IS THE UGLY TRUTH!! folks .. “THE” .. elephant in the room, the can that Congress always kicks down the road to avoid the hard decision,,
      the “Federal reserve” is a “privately owned” cozy consortium of Globalist bankers, and businessmen who have arranged, instigated,and financed, every WAR and related supporting businesses in the world ever since their creation in 1913.. in fact almost a constant state of war somewhere in the world .!!

      And our Politicians have been lining their pockets and weilding an ever increasing influence ever since .
      It amazes me how many conversations I’ve had thru the years who do not understand this.
      Also do not think it is not think it’s simply a coincidence” it is not stressed in our educational system .
      Well done Eric Gold!!

      I

      Liked by 2 people

    • susiepuma says:

      Secret owners of the Federal Reserve are the Rothchild empire……………….they OWN almost all of the banks in every country around the world…………….

      Like

  41. trapper says:

    Try the ultimate metaphor for life: football. Betting on college and NFL football is expected to total $95 billion this season. 1 That’s just betting.

    Compare that to the expected revenue of the NFL from actually putting on the games, including broadcast revenue: $13 billion. 2 The false betting economy is SEVEN TIMES LARGER than the real NFL game economy.

    Ever wonder about a weird play-calling decision, one that seems to run counter to the assumed objective of winning the game? There is something else going on that we can’t see. Perhaps the strange play benefits the false betting economy. Perhaps the real game no longer matters as much as fantasy football outcomes and the money that is wagered on them.

    And so in the false economy.

    1 https://www.americangaming.org/newsroom/press-releasess/football-bets-total-95-billion-season

    2 http://www.forbes.com/sites/jasonbelzer/2016/02/29/thanks-to-roger-goodell-nfl-revenues-projected-to-surpass-13-billion-in-2016/#59e7745f3278

    Like

  42. thetrain2016 says:

    Traditional banking was based on interest paid to depositors and charged to borrowers, healthy balance between savings and business development. Since corruption and government sponsored scam took precedence, banking became a one way street. Encouraging debt, selling fraudulent products without taking any risks because of government backing, while discouraging savings paying no interest and charging insane interest rates to startup small businesses… Las Vegas casinos are more honest than the Wall Street-Washington DC Mafia. The 20 Trillion national debt is the proof of artificial economy. That money was stolen from us.

    Liked by 1 person

  43. Wayne robinson says:

    Is Donold Trump gonna straighten out our money then like taking it back under the controller of the government?!how could this be and what about bringing us back to real money as opposed to fiat money . Really only God can create and it is by fiat/my spelling may be wrong / seems to me no ruling class should be over money of any people but there does need to be some regulation that’s for sure . But like trump say without laws and borders we are not a country. So let’s start from this realization and let’s work to set everything right . Let’s set up bodies to regulate the interaction regulating money with other Corp with criminal and civil penalty being parceled out just as was done to weaken the American economy and players sounds fair

    Like

  44. spindlitis says:

    What I’ve been watching recently are reports from countries that are moving to negative interest rates. (The bank charges you to use your money, instead of paying interest). Japanese people are buying safes in record numbers. Seems they would rather keep their money at home.

    Like

    • paper doll says:

      Since there is no interest , why not. I have more faith in the National Mattress Bank and loan co.at this point

      Liked by 3 people

      • arete55 says:

        In order to achieve vigorous prosperity, capital must be efficiently and dynamically utilized…it is a tool….hoarding is a break in this link…However, savings need to be rewarded by a fair free market value (interest)…the greater the return, the greater the risk…

        Government manipulates this equation to the detriment of a healthy Middle Class, stripping it of its opportunity for entrepreneurial success……

        Like

        • paper doll says:

          Absolutely. Mostly my concern is about ” bail ins “….where one’s money is taken and in return one is issued worthless stock in the bank. That can done over a weekend. Better to have some else where…however they are getting around that too in their war on physical cash….They want it all to be electronic….the easier to steal, plus no outlay for printing…..why we got “diversity dollars” to replace greenbacks. A bone thrown to the liberal base just before paper money is done away with.

          Like

  45. Joe says:

    Either Trump reads this blog, or it is well tuned to the world of politics. Or both. Either way, great job Sundance.

    Liked by 1 person

    • nyetneetot says:

      I’ve never seen Trump and sundance in the same room at the same time….. I’m beginning to wonder if it isn’t a Clark Kent/Batman type thing going on…..

      Liked by 1 person

  46. Rebel Mope says:

    On the dollar you will find the words “For all debts public and private”. That is essentially the problem. The public sector does not value the dollar the same as the private sector. This can be evidenced by the pallet loads of cash sent to the mad mullahs– who earned that money, where did it come from? Was it taxed from the people or made up out of thin air?
    With 94 million Americans out of the work force how can our government afford to send pallets of money out of the country?
    As I type this spot gold is $1334.00 per ounce but the 1 ounce gold you would buy at that price states right there on its obverse side $50 why is that?
    http://tinyurl.com/zplblte

    Liked by 1 person

  47. Amazing that Trump picked now to bring this up…. Just yesterday I was speaking to a friend who was extremely agitated by the whole election situation, and red in the face spouting off about how she hates Trump …. when I brought up Yellen and Yellens comments about negative interest rates in Germany, and maybe coming too in the US. (I had no idea Trump also had touched the topic.)
    My friend stopped ranting cause she realized she had no idea what I was talking about, it took her off guard. I explained the quantitative easing of the last 8 years. And My friend works in an international business consulting firm in Washington DC and thinks she’s more turned in than the average bear.

    People just can’t conceive of Trump saying anything profound in meaning since his surface style is one syllable words.

    Liked by 3 people

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