Part V – Trump Policy Building Toward Crescendo on Multiple, Simultaneous Fronts…

President Trump’s economic and foreign policy agenda is jaw-dropping in scale, scope and consequence.  There are multiple simultaneous aspects to each policy objective; they have been outlined for a long time even before the election victory in November ’16.

If you get too far into the weeds the larger picture can be lost.  CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.

Today is a big news day where action on multiple policy fronts becomes visible.  Here’s an interview with Treasury Secretary Steven Mnuchin which notes some of the critical financial angles to economic policy.

An important reference here is the earlier understanding of how then ‘candidate Trump’ personally put a platform plank of a Modern 21st Century Glass-Stegall banking reform into his economic policy agenda, and why it is important.

.

Here’s the dive:

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 2016 CPAC to applaud Speaker Paul Ryan who passed a $2+ trillion Omnibus spending bill (December 2015) 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 the mid-’80’s (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.

A few decades later 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 the 1980’s 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.

IMPORTANT ♦ 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:

Part IWhy Congress is not providing President Trump legislation in 2017

Part IIWhat it means when congress is not providing Trump legislation

Part IIIA possible solution to the larger problem – A Prediction.

Part IVDC Lobbyists Admit they control the legislation.

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This entry was posted in Bailouts, Big Government, Big Stupid Government, Budget, Decepticons, Deep State, Economy, Legislation, media bias, Mitch McConnell, President Trump, Professional Idiots, propaganda, Trade Deal, Uncategorized, US Treasury. Bookmark the permalink.

275 Responses to Part V – Trump Policy Building Toward Crescendo on Multiple, Simultaneous Fronts…

  1. sundance says:

    Liked by 50 people

  2. i'm just sayin'.. says:

    So, is it safe to say that there’s not trillions at stake, there’s a quadrillion?

    Liked by 13 people

    • dalethorn says:

      Take a vacation, have some fun, come back and it will be a quadrillion by then.

      Liked by 4 people

    • trapper says:

      “The money wagered is exponential – some say more than a quadrillion currently floats.”

      But it’s all funny money. It was not earned by making things. It was won by placing bets in a casino game that never ends, and the bets just keep going, doubling, tripling, quadrupling. Players cash in some chips here and there to support their extravagant lifestyles, but they never fully cash out because they can’t. There isn’t enough money to cash everyone out.

      Sound familiar? Sound like Bernie Madoff? Sound like a giant quadrillion dollar ponzi scheme? Well, it’s similar. But it’s more like a never ending roulette game where every pocket is black 10 and everyone’s always a winner. But it can’t last forever.

      It already went bust once, in 2008. But instead of letting the casino players to go broke the government cashed out their chips with our tax money and they went right back at the game, and they have been at it ever since, on steroids.

      Liked by 16 people

      • And where does this “money” for Wall Street to bet with come from? From government debt, also known as bonds, or financing the deficit and the debt. This can only happen in the low interest rate climate we are in right now.

        This is why the Fed is so afraid of pretending to raise interest rates. First, they can’t. They can only follow rates already set by the market. Second, if they do, then at some point the amount of interest the fed govt would have to pay the bond holders would EXCEED all other fed govt spending. A lot of balls are in the air right now.

        And, to change metaphors, we are truly on a precipice. I just hope our guys Pres. Trump, Secy. Mnuchin, Secy Ross, and other members of the Administration can steer this ship home safely. [English teachers: please look away from this paragraph!]

        Liked by 5 people

      • BigMamaTEA says:

        trapper….nicely stated.

        Like

    • “A trillion here, and a trillion there, and pretty soon you’re talking real money!” — The Ghost of Everett Dirksen

      Liked by 2 people

  3. keeler says:

    Thanks for this vitally important post, which comes on a day when I’ve had to turn off the radio because there’s been nothing but whining from both hosts and callers about things they either don’t understand or are pretending not to understand, and which adds up to very frustrating display of ignorance, impatience, and deception from people lost in the weeds or hiding in them.

    Liked by 39 people

  4. fleporeblog says:

    This is huge! The problem for the Republicans and other members of the Uniparty is that folks like Bernie Sanders and Elizabeth Warren will side with Trump when it comes to Glass-Steagall

    https://www.washingtonpost.com/news/wonk/wp/2013/07/12/elizabeth-warren-and-john-mccain-want-glass-steagall-back-should-you/?utm_term=.0c64d2c8cd4e

    http://wallstreetonparade.com/2017/01/bernie-sanders-supporters-launch-glass-steagall-drive/

    Lets keep in mind that in many ways Bernie is the face of the Democrat party even as an Independent. Giant Wall St. Banks realize that their days of owning it all in the banking world will be coming to a very much needed halt.

    Liked by 16 people

    • fleporeblog says:

      From the Bernie article on January 6, 2017:

      “I will also pursue financial reforms to make it easier for young African-Americans to get credit to pursue their dreams in business and create jobs in their communities…Dodd-Frank has been a disaster, making it harder for small businesses to get the credit they need. You folks know that. The policies of the Clintons brought us the financial recession – through lifting Glass-Steagall, pushing subprime lending, and blocking reforms to Fannie and Freddie. Two friendly names but they’re not so friendly. It’s time for a 21st century Glass Steagall and, as part of that, a priority on helping African-American businesses get the credit they need.”

      Our Lion is targeting African Americans with this reform! That is why this is so MASSIVE!

      Liked by 5 people

      • MVW says:

        Bernie sold out because his wife did an illegal boo boo. So, he was behind the 8 ball. Nothing has changed there. Plus he got a nice lake front house.

        Broken feather Warren will do whatever she needs to to get support from Wall Street. She is a swamp creature, mucky as they come.

        Trump will have to sell another first born. There is nothing patriotic in Washington, D.C.

        Liked by 6 people

    • bofh says:

      ” folks like Bernie Sanders and Elizabeth Warren will side with Trump”

      Well, they should (side with Trump) in theory, but I just don’t think that they can, since both harbor ongoing big political aspirations. Plus, despite their faux-populism, they still need (and are indebted for) the big money backing from the globalists. I think all they can do is to try to triangulate a bit, and just lie the rest of the way.

      Liked by 3 people

    • joninmd22 says:

      There’s no chance Warren or Sanders will vote for it. The Democrats want the status quo as much as the RINOs do.

      They don’t want to cut off access to trillions of dollars.

      Liked by 2 people

    • And now you know the answer as to WHY our President has revealed a sMALL but minor detail. He does not have to think like a swamp creature he just has to outsmart them in the mINOR details. All of these congress creatures exists ONLY for one thing…the next BIG payoff for their handlers, the swamp creatures. The payoff for the handlers will not be the derivatives that have multiplied many times over but their VERY existence. PDJT knows if the G-S can be brought back, then ALL of the artificial markets will cease to exist and there will me a fire sale on the left-over carcasses…just have a Big Bag Full of the green stuff!!!! Thank you SD for all that you do to open peoples eyes…

      Liked by 5 people

  5. Can it really be, the US, China, Russia telling the globalist and bankers “SUCK IT”

    Liked by 20 people

    • G. Combs says:

      YES!!!

      Never forget the BRICS (Brazil, Russia, India, China and South Africa) Bank challenging the World Bank/IMF/US Petrodollar system just like Gadhafi did.
      (wwwDOT)wsj.com/articles/germany-france-italy-to-join-china-backed-development-bank-1426597078?mod=rss_europe_whats_news

      Also if you follow GOLD, all of these BRICS countries have been buying gold and mining gold and stocking up. Both Russia and China tossed Soros and his Open Society agitators out on their ear. link

      The Elite can not allow such a challenge or the whole fiat currency mess falls down around their ears. That is one reason why they tied Trump to Russia. This is WHY Soros and his buddies want a war with Russia. They completely $¢rewed themselves by weakening the USA and building up China, India and other countries.

      Details on gold buying and BRICS development bank HERE

      We are living in ‘interesting times’ as the Chinese curse warns.

      Liked by 1 person

  6. HistorianDave says:

    A constantly overlooked part of Glass-Steagall is that it also prohibited interstate banking. Reinstating this rule which would eliminate “too big to fail” overnight. It would also allow community banks, which actually served the needs of the communities in which they are located, to come back.

    Liked by 29 people

    • Tonawanda says:

      Yes, the loss of community banks has contributed greatly to the decline of many areas.

      Liked by 16 people

      • 22CatsInTN says:

        Amen, amen, amen. When was the last time you had a banker that knew you, your family, your finances and your prospects?

        I am having a major tussle with a megabank over my home I closed on last December. They STILL owe me a substantial (for me) amount of money and will not acknowledge their “mistake” or refund it. The record is clear cut, unambiguous and well documented. But nothing. Absolutely nothing from them. They simply don’t care any more and, if fraud gets them even more money, they’re happy to commit fraud. It is unconscionable what they have put me through. This would have never happened with bankers of my youth. Never.

        I finally had to file complaints with the Ohio AG’s office and FDIC to light a fire. The FDIC fire worked, though the nice lady in the bank’s top executive office told me she couldn’t find where their money was repaid. Right. I’ve sent it to them SIX times now.

        Anyone willing to take a bet I’ll get my money back plus interests and fees and costs incurred establishing the record and hiring an attorney? Anyone?

        Liked by 7 people

        • sobriquet4u says:

          No bets if it is Chase. I hear too many stories from others about how Chase Mortgage is ripping homeowners off including my son.

          Liked by 7 people

          • 22CatsInTN says:

            Got it in one.

            Liked by 2 people

            • WSB says:

              So sorry to hear.

              Liked by 2 people

              • 22CatsInTN says:

                They really are corrupt. Since my troubles started, have heard a lot of sad stories. Even my real estate agent shudders when dealing with Chase because he knows how bad they are.

                I didn’t have a choice in it as they bought out my original lender.

                Liked by 1 person

                • WSB says:

                  No way to refinance through another bank? I am a novice at the mortgage game.

                  Liked by 1 person

                  • 22CatsInTN says:

                    I sold the property. I had already refinanced it 3 times and had a very low interest rate, so when they bought out my lender, there really wasn’t any reason to refinance again. And, to be fair, I had no problems with the mortgage until I sold the property. THAT is when they cheated me, 3 days before closing. I was essentially stuck.

                    Like

          • Or Wells Fargo for that matter. I paid off a house and when I took the check into the bank and handed it to the mortgage loan manager, he just looked at the check and did not say a damn word…No thank you or nothing…they lost seven figures on that loan. Love the smell of bank burning in the morning…

            Liked by 5 people

          • G. Combs says:

            I HATE Chase, they foreclosed on us but would not TELL us how much we owed to stop the foreclosure. We had to hire a lawyer to get the *&^%$# amount of money needed to stop the foreclosure.

            The foreclosure was because we made the mistake of using an Obama Mortgage modification program. Obama’s mortgage modification program was a colossal failure.

            What they do not tell you is it is a major trap. You get lowered payments for about a year. The bank keeps demanding more and more paper work and when they have you in ‘arrears’ by a substantial amount they spring the foreclosure trap. How many people can raise 20 -30 thousand dollars in a month?

            The reason for the trap?

            How the AIG Bailout Could be Driving More Foreclosures

            […]“A credit default swap (CDS) is a credit derivative contract between two counterparties,” says Wikipedia. “The buyer makes periodic payments to the seller, and in return receives a payoff if an underlying financial instrument defaults. CDS contracts have been compared with insurance, because the buyer pays a premium and, in return, receives a sum of money if one of the specified events occur.” […]

            The is no reserve requirement with CDS because there’s no government regulation. Each insurance company can set aside as much — or as little — as it wants for reserves. In fact, a company could set aside nothing for potential losses without violating regulatory requirements.

            The money NOT set aside for reserves can be invested in high-risk securities to create a larger cash flow for the insurance company. This means that with CDS, insurers expected not only premiums but also bigger investment returns then would be possible with regular insurance products.

            CDS premium revenue is not restricted to those who might have actual losses or real assets to protect. You can bet as much as you want and create as many CDS as you want. […]

            So our farm could have been worth millions in CDS payouts from the AIG Bailout if they could force us into foreclosure.

            It seems the mortgage broker we re-financed through was setting people up.

            Local Broker charged with mortgage fraud

            … C*** St****, 49, was charged Thursday with fraudulent misrepresentation law….
            … is accused of falsifying information from a mortgage applicant in order for the borrower to qualify for a loan, city police said.

            (We did not testify)

            And the law firm was as dirty as they come. (They changed us from a fixed to variable rate mortgage AFTER the paperwork was signed by us. Just add an X to the box on a page buried in the back. The clerk disappeared with the paperwork into another room to do this. Heck, there wasn’t even any lawyers present at the closing!

            […] While employed as a non-lawyer at Brock & Scott, respondent conducted real estate closings without an attorney being present. Respondent signed his own name to the documents associated with the real estate closings. After conducting the closings, it was respondent’s practice to have other employees of the firm sign as witness and/or notary on the documents even though they were not present at the closings. Respondent conducted some closings when there was no licensed South Carolina attorney on the premises. Respondent routinely signed as witness and notary to documents relating to closings at which he was not present.
            (wwwDOT)judicial.state.sc.us/opinions/displayOpinion.cfm?caseNo=25895

            Like

    • Michael says:

      Limit any individual bank’s size to *x% of the total sector and require them to spin off daughters as required.
      *x% to be such that there is no such thing as “too big to fail”

      Liked by 1 person

    • Matt Musson says:

      Modified Glass-Steagall would only prohibit banks from engaging in risky investment banking. Companies like BOA would split into BOA banking and Merrill Lynch Investment banking.

      There have been 3 major bank crisis in my lifetime – 1970’s S&L crisis, 1980’s Foreign Debt Crisis, and 2008 Subprime crisis. You may not even have heard of Foreign Debt Crisis – but US banks lost more money that was made in the history of US banking from 1776 to 1985.

      Liked by 6 people

  7. Peter says:

    Your blog is a breath of fresh air in a fetid darkened room full of snapping swamp dwelling things.

    Liked by 18 people

  8. If you get too far into the weeds the larger picture can be lost. CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.

    This deserves to be banner text for the web site. Very well-put.

    Liked by 27 people

    • So true Claygate Pearmain.

      Our family has a saying, Aim Small Miss Small.

      It means settle down and focus.

      We use to say it to the kids when they get rattled or hyper about something.

      Settle down and focus and don’t forget the goal, or the big picture.

      Liked by 7 people

  9. Pam says:

    Liked by 11 people

  10. I have been thinking over the past several days of the immense strength, calm, inner fortitude of President Trump. I will relate it to myself, but others may indentify with the same behavior as me.
    If someone calls you out, makes fun of you, puts you down, my immediate response is to set them straight, give them the facts, defend myself and give them point by point minutiae and detail so they understand MY thinking and what I did or will do.

    Juxtapose that with Trump45. He smiles, keeps his cards close, doesnt care what others think or what they want to know NOW.
    ▪He is confident enough within himself to know ALL will reveal itself in time
    ▪He has no need to self-engratiate himself to the swamp, or to us for that matter, because that ruins the beautiful plan, kinda like telling ISIS what and when we are gonna do it and the plan becomes unsuccessful or less successful.

    ● I think he tries to let us know best he can without letting us know, kinda a wink wink to us. Think of the rally, “go to bed, rest easy, get some sleep, the wall will be built (or insert any of his other policy objectives)…. for goodness sakes he’s got PA Mahmud Abbas coming to the WH wednesdsy h/t SD’ twitter feed.
    ▪How many of us are too impatient and read the end of the book instead of enjoying the journey? Sure it can be frustrating but would you rather see Trump45s plan succeed, or would you rather know all the facts now, and our country remain in the slog it has been in for decades?

    I prefer to TRUST Trump45, he became a billionaire by the Art of the Deal, I didnt. He went on to better things after getting out of lawful bankruptcy to soar, I didnt.
    He is surrounded by “killer” friends in his Cabinet, I’m not.

    I’m happy not to spoil the ending in order to know all the details if it gives us America, our beautiful Republic back, protects our beloved Vets and puts cherished Americans back to work and gives the lesser fortunate a leg up and a chance of a beautiful life.
    …..but that’s just me….

    Liked by 36 people

    • FofBW says:

      Wonderful clarity and thoughtfulness.

      Liked by 8 people

    • duchess01 says:

      Beautifully expressed, Amazing Grace! If you listen carefully [as Grace has] to what is said in interviews, the broad picture is presented – when pressed for details, both President Trump and his representatives in each department are quiet – why – because it is not that simple – even Sean Spicer is getting better at deflecting – not because they are hiding anything, but because it is much more complicated than it appears –

      We have been hurting for 8 long years – more than 8 years when you consider this devious financial fiasco was designed and planned so long ago – consequently, we are anxious for things to change – for some – it cannot happen fast enough – however, as Sundance has so expertly detailed the scope of our problems – we cannot expect a quick fix – this was years in the making – and it will take years to fix – President Trump is working hard to rectify it –

      As Grace has so adeptly detailed – we want our Republic back – we want Americans to get back to work – we want our military rebuilt, respected, and renewed – we want to tend to the health needs of our Vets – we want the best for our families – in short – we want what Candidate Trump promised and what we are confident President Trump will deliver –

      We must be patient – as President Trump, his Cabinet, his Advisors, and his Secretaries work out the details – what they have accomplished in the First 100 Days is beyond anything for which we could have hoped – and they will continue to astound us for the next 100 Days – President Trump promised us we would WIN – and he has not reneged on that promise, either – the problem with the naysayers is they cannot find anything wrong with what has been accomplished year-to-date – and they are totally dumbfounded to this day!

      Thanks, Grace, for your thoughtful post! God Bless You!

      Liked by 12 people

      • And as I have told you, Amazing duchess01, that is why you are Amazinger😉😎  your post out does mine! 💖

        I hope the mods wont get angry for me dropping this song i found last night.
        I have always pressed into music, Christian, Country Classic you name it, to lift my spirits.  And tho this is a song of betrayal, one could see it also thusly:

        ▪Our country and we as Americans have been betrayed over and over again over the years, until Trump45
        ▪God does not want us to be blue, it doesnt look good on us
        ▪Drop your burdens and worries at His feet
        ▪Trump45 doesnt want us to worry and have angst
        ▪he wants us to let him fix things for us becuz HE KNOWS HOW!! ..Goodness he became President against ALL odds
        ♡ If you cannot make the connection, enjoy the richness of this song, vocals and instrumentals, and fill your souls and lift your spirits.
         Love y’all Treepers and Mods💖💕

        Liked by 6 people

    • mamadogsite says:

      Watching POTUS’ slo-mo advance is like watching a well designed, well planned, and strategic book plot the keeps the reader up nights reading page by page, not knowing where or how the hero/heroine will win, but just the KNOWING THEY WILL SUCCEED.

      An excellent author has that special talent to keep you plodding page by page, knowing if you skip pages, you will skip clues and information that lead to the final conclusion.

      Each day is a new discovery. Too much fun.

      Liked by 10 people

    • So beautifully and eloquently stated American Georgia Grace! Thank you for sharing!

      Liked by 2 people

    • sobriquet4u says:

      Well said Georgia Grace and I feel the same way.

      Liked by 2 people

    • Theresa Anne says:

      So enjoyed reading your reply. TRUST Trump45 and his “killer” friends in his Cabinet. Great advice!

      Liked by 2 people

    • Fe says:

      Bravo my sweet GG, bravo. Your post absolutely speaks for me, and many others.

      Liked by 3 people

    • SteveInCO says:

      Looks like our immigrant lurker has earned “American” all over again.

      Liked by 2 people

      • That means more to me than you will ever know!💖

        Liked by 1 person

        • SteveInCO says:

          I was fortunate enough not to need naturalizing, so….you’re probably right about that.

          I’d petsonally love to end ALL birthright citizenship. People (present company excepted!) might appreciate being American more if they had to earn it.

          Would require constitutional amendment, I know.

          Liked by 3 people

          • Lil secret, as a little girl and growing up, i would be in the basement cheering on all things American. 80’s Olympics Hockey USA win, followed the whole thing screaming and cheering thru all the games til finally my family came down and joined in😂😎 College footballgames…Bo Jackson with Auburn, Hershall Walker with GA, me hollering during bowl games at amazing feats…what did this silly little girl, former Canuck, kno about football, but I loved everything about it!

            I’ve always said i was American at heart, I was just born in the wrong place….I am finally home and I couldnt be happier! Cried the first time I got to sing the Star Spangled banner, knowing she was mine and i’d defend her and never leave her. I’m blessed, priveleged and honored to call myself an American, it is never lost on me💖

            Liked by 10 people

            • SteveInCO says:

              That 1980 hockey game was a desperately needed shot in the arm here. We had been walked all over by everyone, most gallingly Iran, pipsqueak contry, and besting the Soviets at *something* lifted everyone’s spirits. Then…Reagan!

              If you don’t mind my asking, where from?

              Liked by 3 people

              • Quebec…mum and dad were from England, took the wrong turn in NY😉 …Dad had a job lined up and they needed to get away…family stuff…. God has a plan, made me who I am, and tho I wish I could be better, I wouldnt change a thing…allows me to help others who i cherish and love dearly with all my heart: our military and vets and our firemen and police. I’m blessed!

                Liked by 2 people

            • Rip Tide says:

              By the way did you happen to see/hear the Edmonton fans sing the US Anthem prior to their playoff game vs. the Ducks? Seems as though the mike broke, so the fans sang it with out music. They did an awesome job!!

              Liked by 4 people

            • Dr T says:

              Your post made me cry because it reminded me of myself at age 6 in NYC as a little girl crying when I heard our national anthem for the first time. My dad was a doctor who served in Spain and married my mom (a Spaniard ) reason for why I was born there. At age 18 I became a naturalized citizen of the USA although I had lived here all my life since first grade and was on my way to an Ivy League college to later become a doctor myself . When we would go to Spain to visit my mom’s family I would always be proud to say I was an American. They would insist I was also a Spaniard but I didn’t feel at home there although they were good people. By the 1990s they all believed us Americans to be evil and would tell me so to my face which was very hurtful and I did not understand why. I never went back. My mom was able to obtain green cards for my grandparents to come to this generous country where they both worked the last decade of their life , never took money from the government nor expected it and came to love this country . I remember them telling me about the Spanish civil war and the destruction of their dreams during the tyrannical years that followed . They said that the best years of their life were here in this country because they were free. I thank you for your post. We have much in common in our love for this country. God bless our country

              Liked by 2 people

          • BigMamaTEA says:

            SteveInCo……..not necessarily…….We have been taught to believe that though.

            Like

            • SteveInCO says:

              When I said I wanted to end birthright citizenship for everyone, I meant for everyone. Not just “anchor babies.” Including people born here of citizen parents. It would include me. It would include you. And the Constitution as currently written (14th amendment) does make me and many many millions of others citizens at birth, regardless of the anchor baby issue. The natural born citizen clause for presidents would need adjustment as well, since there would no longer be any such thing as a citizen at birth.

              Liked by 1 person

    • Yippeekiyay says:

      Very nice post, American Georgia Grace. We are so lucky to have President Trump and Sundance showing us the way through all of the complex issues our country is facing. I don’t believe Obama ever had the desire to understand any of it as he was only concerned about his own agenda. He wanted us to remain in the dark and not challenge him.

      I’m proud of you for standing your ground and for not allowing others to intimidate you into not having your say.

      Liked by 2 people

    • Sean Supsky says:

      Indeed, myself, I can understand and stand with your line of thinking.

      To add to this, for myself, I hearken back to the story of Job, where there were many trials and tribulations, yet in the end was an even greater bounty. Yea, there were days of discouragement, yet not a loss of faith.

      So I look at these different things that are occurring, and I am not worried. As with my faith, I know I shall have paradise at the end, it is merely a waiting for the time when that happens.

      Liked by 6 people

    • WSB says:

      Thank you for setting the tone tonight. Let’s remember this daily!

      Liked by 2 people

    • rednighthawk says:

      American Georgia Grace, you made my day with that terrific post! Thank you!

      Like

  11. joanfoster says:

    This article is brilliantly written and has the clarity that anyone with an open mind can grasp. I already have several people I need to send this to. The underpinnings of each group is not an American foundation but a foundation based on principles that undermine the economic stability and national security of the U.S. The more I learn the more our national leadership sickens me.

    Liked by 13 people

  12. CharterOakie says:

    Mnuchin is impressive: in control of every interview and the essential information.

    Very effective.

    Liked by 17 people

  13. Donna in Oregon says:

    Enter the derivatives bubble. Thank you Sundance for discussing this. So few understand this scheme. Another reason why I cannot stand Neil Cavuto.

    None of the MSM will talk about it. They pulled the same schtick with the Housing Crisis. All of them acted like it was a surprise, such a shock, and explained that it was “too complicated to understand”, hard to explain, blah blah blah. Translation: We made our money suckers….we rode it ’till the jig was up.

    There should have been perp walks and prison terms!

    Liked by 24 people

    • wheatietoo says:

      Obama started the Housing Crisis.

      In 1995, on behalf of Acorn, Obama sued Citibank to pressure them to make subprime loans to people with poor credit, people who did not qualify for those loans.

      Obama ‘made an example’ out of Citibank…and the message when out like a shockwave to all other banks:
      “If you do not make subprime loans to people who cannot afford them, We will sue you into oblivion.”

      Dubya contributed to the madness, by stating that “Everyone should own a home”.

      This is why they bailed out the banks.
      The banks had been pressured into violating their own banking practices.

      Liked by 18 people

      • wheatietoo says:

        ….*the message went out like a shockwave

        Liked by 5 people

      • Kaco says:

        Also approving people for mortgages way over what they can afford. I know we were “pre-approved” for well over what we bought, at least a 100 grand.

        Liked by 5 people

        • wheatietoo says:

          This was largely because banks put their loan officer on ‘commission’.

          The loan officers made bigger commissions on the larger loan amounts.
          Which is an insane way to run a bank.

          Liked by 4 people

      • Donna in Oregon says:

        Dubya wanted homeownership to prop up our failing economy as our jobs went overseas.
        Bill Clinton got rid of Glass-Steagal which is what started the ball rolling for the banks to play the game. They bundled sub-prime loans and Moody’s (etal.) gave them A ratings and sold them to the public. Everyone, including the banksters made a fortune using the government controlled Fannie Mae run by the Democrats pal Mr. Frank Raines.

        Remember the Friends of Angelo (Countrywide Funding) where members of Congress & staff got below market loans for helping with the grease job? Oh, and don’t forget Alan Greenspan, the former Federal Reserve chairman, said he “made a mistake” in … irresponsible lending practices that led to the subprime mortgage crisis.

        They were all in on it, including the press. Especially CNBC, Bloomberg, Fox Business, etc. All knew exactly what was going on.

        My point is the same thing is going on with the Derivative Bubble. President Trump is trying to stop it.

        Liked by 7 people

        • wheatietoo says:

          And Wall Street rewarded the bank stocks by running them up when they started doing the bundling.

          It was wholesale madness and doomed to eventually blow up, if the economy took a dip.
          Which it did.

          When the price of Oil shot up…people who were commuting to work, had to decide whether to make their mortgage payment or put gas in their vehicles to get to work.
          No choice there.
          People had to get to work.

          Liked by 4 people

        • WSB says:

          Ha! Ask Mrs. Greenspan!

          Liked by 1 person

      • Don’t Forget the “Tan Man” of Country Wide, & the sweetheart deals He made for VIP members,, (Politicians)

        Liked by 5 people

      • Fe says:

        I know of some people who walked away from their homes because it was upside down.

        Liked by 6 people

      • Glad I finished reading your post… lol I was ready to jump in, because w had so very much to do with it by making two different speeches to fanni, freddi and hud resulting in criminal aliens (yes, they are illegal-that is criminal!) and people of “color” getting home loans without employment history that supported them, despite low or no credit scores, and despite social “security” numbers…

        Manufactured crisis and we all know who the “winners” were…

        Liked by 3 people

      • yucki says:

        Thank-you, I didn’t know about 0’s role.
        A question, then: 0 was never the sharpest knife in the drawer.
        Who put him up to it? Who did the actual work?
        Those names have to be part of the public record. They may hold clues to the lingering mystery of P-44.

        Liked by 2 people

        • wheatietoo says:

          In 1995, he was just a ‘civil rights attorney’…working for Acorn.

          The lawsuit against Citibank was filed & litigated in Chicago.

          Liked by 2 people

          • tinkerthinker2 says:

            If I remember correctly, it was settled out of court.

            Liked by 1 person

          • WSB says:

            ACORN would organize ten to sixteen people in towns to stage sit-ins within small bank managers’ meetings just to intimidate the local loan officers.

            Liked by 1 person

          • yucki says:

            Thanks, you guys.

            Settled out of court, another missing data point. I keep gnawing at it because the 0-model replicates: Canada, Marcon in France, where next?

            He’s dumb and lazy. But, yeah, I can see him surrounded by mobsters, who’d then organize the mobs.

            Liked by 1 person

      • El Torito says:

        Everyone deserves a house, right? not enough to make the middle class pay for everyone else health care, but let’s ruin your middle class neighborhood for good measure.

        Liked by 6 people

      • Your Tour Guide says:

        It had nationwide, regional spillover at the time. Many local banks were
        accused of “redlining” in minority areas. One of them was a local, long
        term, extremely politically connected suburban Atlanta bank.
        I know this one particularly well, because YTG managed to wheedle
        some race card money out of said bank at the time. They’d been covered
        unfavorably in the Atlanta Journal Constitution, and our area was preparing
        to have a community event. Only we didn’t have any money to put it together.

        Sooooo, a white guy ( YTG) went to said bank, and said we needed x
        amount of money for an event in “Our Majority, Minority neighborhood”
        (leaning across the table for body language emphasis). Also told them
        that we’d loved to put their logo on everything advertising the event.
        They told me they’d get back with me. 3 days later a check for a few
        hundred bucks was burning a hole in my hand. The bank? They
        got bought out soon thereafter, and have changed hands two more times
        since.

        Liked by 2 people

      • WSB says:

        The Community Reinvestment Act by Jimmy Carter.

        When people don’t understand the derivatives issue, I normally give them an analogy.

        The Federal Government created defective 2×4’s (subprime mortage requirements) which they shoved down the throats of hardware stores (the banks). Since these could not be sold as 2×4’s but the stores were stuck with them, the only thing the hardware stores could could do is to chop them up, bundle them and resell them as firewood…an excess of firewood marketing and higher firewood sales led to a higher amount of house fires.

        Liked by 4 people

    • andi lee says:

      👍!

      To add: Oil derivatives. After the housing / mortgage bust, Congress was warned to enact on the oil derivative “markers” being gamed on at (in?) Wall St. Congress turned a blind eye. And, here we are. All at middle-America expense.

      Liked by 2 people

    • nimrodman says:

      “Enter the derivatives bubble”

      To my understanding, derivatives are not backed by anything like FDIC insurance. As such, there should be no taxpayer bailout. Government should treat them exactly as what they are: No better than a promise on a paper napkin.

      If they go bust, let the individual parties pursue each other in the courts for non-payment or fraud.

      Have at it, boys.

      Like

      • Donna in Oregon says:

        I think Glass-Steagal separates the bank from the gambling. That way the bankers can jump out of high-story windows like they use ta…….

        Liked by 3 people

      • AmyB says:

        I can’t provide a link but you can “Bing” it. The future derivative disaster is already on the tax payers’ backs. Congress passed a law extending FDIC coverage to derivatives that are held in subsidiaries on the commercial banking side of an institution. This was a despicable move, made on the behalf of their Wall street donors. Because of this past week’s red pilling I received in the Treehouse, I know that it wasn’t a legislator that wrote the legislation.!

        Liked by 3 people

    • joanfoster says:

      Believe me there were some in the banking industry who knew this was a crisis waiting to happen. In fact I personally know someone who was an officer of a very prominent bank that quit because he foresaw the crisis and didn’t want his hands dirty. I am convinced that many in the media understood the housing crisis as it was about to unfold, but did not trust the American people with the knowledge for fear of creating a bigger crisis and because they could not criticize Obama in the early days of his administration. Clearly the media were given their talking points and they adhered to them perfectly. Spoon feeding the ignorant masses.

      Liked by 3 people

      • wheatietoo says:

        Yes, I know an ex-banker who gave up a 6-figure job in ’99 because he was horrified with what was going on and wanted no part of it…my husband.

        “This is all going to blow up and a lot of people are going to be hurt by it”, he predicted.

        He didn’t predict the Bailouts, though…and was appalled that Bush would do such a thing.

        Liked by 2 people

  14. Weeper says:

    Love this series and this post. Taking America back, one “ism” at a time!!! Winning!!!

    Liked by 15 people

  15. This will be a Herculean bill to reinstate. The banks have merged and become such YUge behemoths that detangleing them may not be possible.

    If they were to be separated, investment side verses commercial lending, I believe the commercial side would be totally bankrupt. They may have even stopped most of their lending because global investments far out spaces the income, then making money the old fashion way, by charging interest.

    A bank without skin I the game is what we have today. The do not hold their paper anymore, Freddie and Fannie does. That’s why all the crazy loans, it’s not their money that would be lost should the borrower fail to repay the loan. Also, borrowers have lost shame in not repaying their loans. Why should they care attitude, because the government will bail the banks (GSE) out.

    I am 100% behind this reinstatement of Glass-Stegall. It would have profound effects on our thinking about credit, which America dearly needs.

    Liked by 9 people

  16. maiingankwe says:

    These are the moments that I really miss my parents. I could sit down and ask them a lot of questions from their era since it was before my time. I also know I could ask them anything without looking to bloody daft.

    I’d be in the first group, except my eyes are now open, and I’m more than willing to learn. Yuuge difference.

    Sundance, I can read parts of this article over and over as you have shared it with us several times. It never hurts for a review and to reinforce our thoughts.

    I hope I can rely on some of my Elders here to ask questions and not sound utterly stupid. Sometimes it’s hard to ask questions of people who you don’t have a personal relationship. I hope that when some of us youngsters ask, our Elders here will be as generous and kind with their answers as I’ve experienced before.

    This is a learning experience for a good number of us. Please be patient. We are willing to learn. Any stories of past experiences would be appreciated as well. I’ve always found it easier to learn through others experiences than lots of big words.

    Be well good Treepers, and no worries, my questions are being formulated as I type. I will just save it for others to post and see what I can learn first, rather than repeat what becomes the obvious.

    Ma’iingankwe

    Liked by 22 people

    • Fe says:

      Very thoughtful post, I appreciate the gentle reminders for others to be patient with us who are willing to learn and understand.

      Liked by 5 people

    • Sean Supsky says:

      Dear lady, your posts are always so full of grace and respect. It is a breath of fresh air to times of bygone days brought back to life with but a few simple courtesies.

      Worry not about sounding uninformed, for you are asking to be informed from those that know and you are able to recognize your own lack of knowledge.

      Ask away and be not discouraged.

      Liked by 5 people

    • El Torito says:

      Very nice post Ma’iingankwe . At almost 58 years of age, I am chronologically hitting early onset elder-ness. But we are all here to learn from Sundance, so in that way, we are on equal footing. Ask away – we will all learn from your questions. As Sundance says, “Listen, learn, help, lead.” I tell myself this numerous times a day and I am a better person for it. We are all on the same journey here and I think you’ll find just about everyone treats each other with grace, respect and dignity. And every so often we are overrun with trolls and some of us play whack-a-troll.

      Liked by 5 people

    • joanfoster says:

      I so miss the wisdom of my parents as well who were children of the depression. Such a sweet post, Ma ingankwe.

      Liked by 3 people

    • WSB says:

      Great thought, M! And some of us older folks need a bit of patience, too! Plenty of Treepers and SD here for assistance!

      Liked by 1 person

  17. andi lee says:

    No wonder that I stumbled onto Dutch Banker, Ronald Bernard’s interview, an insider of the elite banking world, where early on, he was told, “leave your conscience behind”.

    Gritty. Found his wealth limitless, and his conscience unconscionable, in the banking underbelly, amidst the world’s elites worst depravity of souls. Whistleblower. (Video: 39:00, captioned in english)

    Liked by 5 people

    • Larry Bucar says:

      This is maximum BS. Does he name names? No, just the perpetrators are all dead, What are their names and titles?

      Like

    • maiingankwe says:

      Andi lee, was it you who had shared part one of this interview last week? I remember commenting. If not, I think a little bell is ringing for the importance of this interview. It keeps popping up for good reason.

      Larry below thinks this interview is bs because he doesn’t list names, I think if he had, he’d be dead. But hey, we’re all entitled to our opinion and I think it’s healthy to be wary. I just believe this banker this time. I think it would be easy enough to research his riches, connections, and counties he had worked with, and look at when his declining health began. We do have the internet after all.

      I don’t think think anything will pop right out and say of the evils he was surrounded with, but there should be enough clues.
      Thank you Andi.

      Liked by 1 person

  18. One of the negative effects of k street on main street was the pressure placed on main street (businesses) to perform at or above expectations. This required businesses to use cheaper labor, parts, and processes further cheapening the main street engine and destroying the middle-class.

    Liked by 6 people

  19. Kalena says:

    Ack, Sundance, you are making me THINK today, it hurts my head!!!! No one ever said that being a conservative was easy!!!

    From the bottom of my heart, THANK YOU for giving us these deeper insights and perspectives. It is saving my sanity. I am so angry at the swamp, Ryan, McConnell et al, that I could spit nails. I have literally had to step away from being up close and personal to the daily DC happenings to save my sanity. I read all of the Vince Flynn books on my kindle app in the past 3 weeks because I needed to divorce myself from the pathetic do nothing Congress, etc.

    However, I still come to the Treehouse and perch on my branch a few times today to ready each new thread. Thanks to all of the commenters here who keep us posted and up to day.

    At 62, I really do understand the diverging economy but never crystalized it in my mind as well as you did with the train example from one of your earlier posts. When you sad the main street train was heading north and inland from FL and the global economy train was heading up parallel to I-95, it completely clicked. And you are right. Those under 50 do not have the understanding of what it was like to grow up in the US where EVERYONE who wanted a good paying job could find one, white and blue collar. I grew up in MI, and moved back to MI at 51 years old. When I left in 1978, factories everywhere. When I came back in 2006, empty HUGE buildings everywhere. Thank you NAFTA and the global economy.

    Trump won me over when he came down that escalator back in 2015 and hit immigration and trade HARD in his announcement speech. I lived in S Cal off and on for 20 years and saw the demographic changes with my own eyes over those 2 decades. Yet no one in Government gives a you know what about everyday Americans trying to live their lives and provide for their families.

    I knew Trump would get elected. I knew the Dems would hate and obstruct him. I sort of knew the GOP elite would be a problem. What I really didn’t anticipate, was just how bad the swamp is.

    My heart hurts because how on earth can we get this ship turned around when 3 BILLION $$ a year and working against us because they can purchase our politicians? Trump is even a braver man and bigger hero that I thought he was, since I now have my eyes opened to just how vast this problem is. Sorry for my rambling. This has been bottled up for some time.

    Liked by 16 people

    • CaptainNonno says:

      If I remember correctly, when Sam Walton started Wal-Mart, the Schtick was that the products were all American made. Try to find 1% of their products now being ‘Made in the USA’.

      Liked by 3 people

      • El Torito says:

        I’d trade my left (you call it) for an American made coffee maker.

        Liked by 1 person

        • Kathy says:

          Bunn offers a limited-edition machine called The Outdoorsman, which is engineered to brew 10 cups in 4 minutes. Designed and “Assembled” in the USA, it’s the official coffeemaker of Duck Commander, and comes with a 3-year warranty.

          Products cannot be labeled “Made in USA” unless 100% of its components are produced in the USA. But I’ll betcha this Bunn machine comes close.

          Like

    • Fe says:

      Kalena, I’m 57, and I do remember the abundance of jobs in my hometown of 4500 people. My first full time job was typesetting. I was a typesetter before personal computers come onto the market. It was a job I absolutely loved. I learned to proofread too. My husband also worked for the same company in the 4-color page assembly which paid very well.

      I worked 3 years until the birth of our daughter and then became a stay at home mom. Later I took on cottage work meaning I bought a personal computer in 1988 and was paid by the keystroke for each job I set up the type for. I did medical and dental journals, Down Beat magazine, Travel and Leisure, and many others. I also did some proofreading for another company. That typesetting job remains my favorite, so much fun.

      Today, my husband works for the largest printer in the world, RR Donnelly (at least I think it’s still the largest). Very different than working for a family owned business when we were starting out in life. I am out of the printing world completely. I do have a job that I love, and am very blessed.

      I’m excited about our country’s future. I have complete faith in God as he turns this mess around through the person and talents of our talented President, Donald J. Trump.

      Liked by 6 people

    • jonvil says:

      Thanks for writing this post for me 🙂
      We have similar histories, thoughts and experiences
      I was born in Detroit in ’42, spent most of my working life in Southern California…and I’m a Vince Flynn fan.
      Ditto on the headache, the train analogy, the escalator, witnessing the decline of California and Michigan, extreme dislike of those GOPe sycophants and will President Trump prevail against what appears to be overwhelming opposition…
      CTH will always be the last site that I read, probably because I always save the best for last

      Liked by 1 person

    • WSB says:

      Great post, Kalena!

      Not just jobs but those that allowed children to have a parent at home, no matter which one. No need for surrogates. This really helped the family stay strong.

      Like

  20. Maria is one of the only out there who knows how to interview she asks good questions and lets the person being interviewed speak she does not insert her own agenda in the interview or make it about her, Steve Mnuchin is one smart guy this was a good interview.

    Liked by 8 people

  21. saskamare says:

    Liked by 5 people

  22. pyromancer76 says:

    Sundance, you are educating or re-educating us to the basics. Main Street businesses create wealth from using/making natural resources into products, and those products into useful products, etc., all of which enables non-primary manufacturing businesses, service businesses, and government to imaginatively and wisely use that wealth for enhanced living.

    Businesses extracting the raw materials of wealth-building from Earth — oil, coal, gas, metals, etc., including farming, ranching, any other form of agriculture –which in turn enable other businesses to turn those raw products materials into wealth, are part of the most essential businesses of any country. No wonder the global elitists figure out any way they can to brainwash us to believe that products of Earth are destructive.

    There is no wealth creation from banks other than accumulating wealth from earners/creators by attracting savers with interest and then loaning that wealth (that the bank did not create) to responsible risk-takers with imagination who might enhance it through creating new manufacturing/inventions. Other financial institutions of Wall Street let the poets of money play with risk and big rewards in a way that can be creative — so long as there are responsible limits.

    Government never creates wealth (maybe Tennessee Valley Authority as part of public-private partnership; TVA an “example” or “model”). It uses up wealth, so we better see to it that our wealth is used wisely. E.g., socialism always fails — runs out of other people’s (wealth-creator’s) money.

    Service industries — including education – never create wealth; perhaps they enhance an individual’s abilities to be able to make more wealth, or to remain healthy, or, or, or (many possibilities – e.g., to afford therapy if one is one’s worst enemy in the pursuit of life, love, and wealth), but wealth is used up in the pursuit of “betterment”.

    Free enterprise along with fair trade and “equality” of opportunity (capitalism was Marx’s word, I believe) is the one and only system that enables amazing wealth creation with maximum of imagination, ingenuity, and unbelievable engines of individual enterprise. I connect this idea to being on the Trump Train — never tired of winning. If something goes wrong or is delayed, pick oneself up, dust oneself off, and start all over again — although in a much wiser way the second time.

    See E.M. Smith at Chiefio.com for some background relating to setting these individual engines free — we will “never run out of stuff” — for the ingenuity of free enterprise. https://chiefio.wordpress.com/2017/04/20/unlimiting-growth/

    For what it’s worth, Smith also put into the public the “global warming fraudsters'” computer programming, showing line by line how they were changing science to a product of religious belief and massive money transfers to the global elitists. This was before ClimateGate. I hope everyone who reads CTH is familiar with ClimateGate.

    Liked by 7 people

  23. dalethorn says:

    Today as usual I checked Facebook for new “stuff”. Supposedly they have well over a billion readers. Today on the sidebar was yet another “recommended group” – Terminate The Republican Party, and I thought “This could be fun”, but no, it was yet another group of thousands of crazed, gaslighted Trump-bashers. I realize that there are numerous, perhaps tens of thousands of Internet accounts spewing anti-Trump nonsense these days, but I’m getting the sense that this stuff is spreading big. I meet a lot of people who express extreme anti-Trump sentiments, who have no good idea why they feel that way, only that “He’s ________….” (insert any of 100 negative terms). If one important person can be bumped off for less than a million dollars, then a million important people can be “eliminated” for a trillion dollars, which points up the seriousness of Trump’s statements that there are $trillions at stake in this. My concern is that someone is building a support network of millions of Americans to cause big trouble, and nobody seems to be taking it seriously.

    Like

    • Donna in Oregon says:

      Wonder how many are real accounts……how many are foreign…….how many are paid. It is the illusion they sell us. The facts are Americans like the changes, despite the fake polls

      Liked by 7 people

  24. As for me it appears the right people are getting more pissed. I like that. PDJT has this……

    Liked by 6 people

  25. lfhbrave says:

    The big players of the Main Street economy have also contributed to its own demise over the past 30 some years by actively promoting free trade/slave labor/emerging markets – case in point: Japan (1950’s to 90’s), S. Korea/Taiwan/HK (70’s & 80’s and continuing), China (80’s and continuing). The two economies have become one and the same and it won’t be easy to break them apart.

    Liked by 2 people

  26. ALEX says:

    Rome wasn’t built in a day and that has been passed down over the centuries for good reason…It will take a slow chipping away and i just ignore the rest…President Trump plays the long game and it seems too many want all out War from day one…

    Just imagine the mess we’re in and at the same time we’re 20 trillion in debt…Just WOW….

    Like

  27. Turn on weather channel…..strangers call out to Jesus, trying to save babies in Canton TX tornadoes yest, car flipped, get babies out and save them in raging waters. Strangers and the Lord brethe life back into the babies!!💖💖💖💖💕💖💖💖💖💖💕
    Thank you Lord Jesus for big and small mercies…Trust in God
    (It will replay…it is very dramatic….brings tears)

    Liked by 6 people

    • Fe says:

      I’ve been to Canton, yuuuge flea market. My son had his dining room table and chairs custom made by one of the furniture craftsman there. Turned out beautifully. So sad to hear about the tornados. They had one ripped through in the Dallas suburbs last spring, right where my daughter in laws parents live and where my son was married. Praying!

      Liked by 3 people

      • Wow!! ….Blessings continue, update is the 4 mo old boy is great, they were interviewing mom &dad. Mom sed he is eating and regular diapers 😂😂
        Toddler lil girl getting better, may or may not hv breathing tube out, info wasnt clear but pic showed her cradled in moms arms

        Parents able to thank one of the blessed rescuers thru tv😊

        Liked by 4 people

  28. citizen817 says:

    Do not underestimate Sanders’ and Warren’s capacities for hypocrisy, nor their supporters’ tolerance of it.
    -Claygate Pearman-

    Follow the money!
    Their supporters, 99% under the age of 45, have never experienced a full throated economy due to main street.

    Liked by 2 people

  29. Sundance opined “Mid-80ish”
    Is Monday, October 19, 1987 about the correct date?

    Liked by 1 person

    • interesting causes..
      In the aftermath of the Black Monday events, regulators and economists identified a handful of likely causes: In the preceding years, international investors had become increasingly active in US markets, accounting for some of the rapid pre-crisis appreciation in stock prices.6 In addition, a new product from US investment firms, known as “portfolio insurance,” had become very popular.7 It included extensive use of options and derivatives and accelerated the crash’s pace as initial losses led to further rounds of selling.8 9

      A number of structural flaws in the market exacerbated the Black Monday losses; in the years that followed, regulators would address these structural flaws with reforms. At the time of the crisis, stock, options, and futures markets used different timelines for the clearing and settlements of trades, creating the potential for negative trading account balances and, by extension, forced liquidations.10 Additionally, securities exchanges had been powerless to intervene in the face of large-volume selling and rapid market declines.11 After Black Monday, regulators overhauled trade-clearing protocols to bring uniformity to all prominent market products. They also developed new rules, known as circuit breakers, allowing exchanges to halt trading temporarily in instances of exceptionally large price declines.12 For example, under current rules, the New York Stock Exchange will temporarily halt trading when the S&P 500 stock index declines 7 percent, 13 percent, and 20 percent in order to provide investors “the ability to make informed choices during periods of high market volatility.”13 In the wake of the Black Monday episode, risk managers also recalibrated the way they valued options.14

      Like

  30. The President, seems to understand the Asian mindset, far better then the News Media. A bit of flattery and praise will get you far.

    Instead, the Media is freaking out that President Trump said ‘He’d be honored to meet North Korea’s leader’. Art of the deal people. You don’t needlessly piss off insane people… Particularly when you want them to behave.

    I guess the Media, prefers saber rattling…

    Liked by 4 people

  31. fred5678 says:

    And another significant factor since 1950’s: Back then only France had a VAT, which subsidizes a country’s exports while penalizing their imports, France asked for, and got, an EXEMPTION from GATT/WTO for considering their VAT because it was “too complicated to consider”. Now over 135 countries have a VAT, and it is EXEMPTED from calculations by WTO in leveling the trading playing field.

    A country has to make or grow STUFF and EXPORT it to improve it’s citizens’ relative standard of living. When our exports are penalized by other countries’ VAT’s and our imports are subsidized by the exporting country … pretty soon it leads to MASSIVE trade imbalances — and our ever-shrinking standard of living vis a vis the rest of the world. We must end the exemption for calculating VAT when doing trade negotiations!!!!!

    NOTE: I am not arguing for our own VAT, just to force WTO to remove that exemption for including VAT in calculations. And remember Candidate DJT mentioned this a few times and said it was too complicated to discuss fully at a rally.

    See: 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. A business tax rebate for exports is also proposed in the 2016 GOP policy paper for tax reform

    Like

  32. quintrillion says:

    Steve Mnuchin says sanctions work. I would love to see US Treasury put sanctions on George Soros, he funds domestic terrorists and is a big part of destroying America. It has been proven that he dunded riots in Ferguson, MO and Black Lives Matter riots and police killers.

    #SanctionSoros Please….MAGA

    Liked by 3 people

  33. M. Mueller says:

    ‘candidate Trump’ personally put a platform plank of a Modern 21st Century Glass-Stegall banking reform into his economic policy agenda,

    Do we really think Congress is going to make any move toward this? I hope so, but… The platform didn’t seem to matter in the CR.

    Comment from Gateway Pundit: The Republican platform , presented and approved at its convention… Page 13 . paragraph 2 .. “: We oppose the use of public funds to perform or promote abortion or to fund organizations, like Planned Parenthood, so long as they provide or refer for elective abortions or sell fetal body parts rather than provide health care.” What the Hell is going on …. It’s the platform all Republicans ran on .. including The Rat Ryan and Mc Cain…

    Liked by 1 person

  34. Lucille says:

    Treasury Secretary Steven Mnuchin is so cool, knowledgeable and well-spoken. The fact that in addition he also exudes confidence must totally get the goat of Dems/libs.

    As for lefties and their Uniparty enablers, they cannot even fathom that their objection to sensible Mnuchin/Trump policies re the economy and its impact on every other policy aspect makes them beyond losers, passing into the realm of death-wishers for themselves, their families, friends, let alone the nation.

    Liked by 1 person

  35. I love Maria Bartiromo like a daughter, but I wish she had not had stuff done to plump her lips. It looks as if she has no feeling at all in her upper lip.

    I’ll bet those cruddy mgrs at Fox required her to do that, just as they required Greta Van Susteren to undergo various “procedures” to “improve” her looks. That is just disgusting. They have no business doing that. “Having work done” is a very, very touchy process and all too often goes awry.

    Liked by 1 person

  36. I’m sending emails to “my” US representative and the only Republican representative in my state.
    Here’s the email to the Republican, and I really like him,

    I certainly hope you are not proud of the bill escaping the House sometime this week extending federal spending until Sept. 30. It does nothing the voters asked for and much we asked not to be done. I’m referring to voters for President Trump.
    He has worked mightily to fulfill his campaign promises, while it appears the House and Senate Republicans have done just the opposite.
    I’m SO disappointed.

    I’ll modify this one for the Dem repr. who “represents” my district, but not my county!

    Liked by 1 person

  37. William Ford says:

    If Congress has to vote to reinstall a version of Glass-Steagall, and I believe they do, it will never happen. Wall Street owns these people.

    Like

  38. Michael says:

    Great article.

    Like

  39. Michael says:

    Wayback around 1981 I was doing a bank audit in Wheatland Wyoming. I was reviewing the bad loans the nonperforming loans and there were a number of them relatively large number for that small bank. These were consumer loans with $20 payments Or 30 payments a month.
    The original amount of the loan range from $200.02 to three Thousand maybe were there was one for $4000.
    I wanted to see the president of the bank who was also the owner of the bank and his family owned the banks for 100 years having just sold it to a group that eventually became part of First Interstate Bancorp. This transaction was why I was at the bank.

    I asked the president about the loans and he said most were made to workers construction workers who have been working on the construction of a dam for the impoundment of water for irrigation and a recreational area near town.
    I then said it seems as if there’s a large number of them that are past due and the banker said about 20% of the loans that I originally made are past due but most of being paid on time. I think we will end up collecting all but 5 to 7% of the amount I loaned.
    So that seems awfully risky to me because you know with these type of workers they are transient and they move from site to site and there’s no guarantee that they’ll repay the loan.

    The banker said son most people are honest and they repay their debts besides I’m the only bank in town and by me lending that money to these workers with the requirements that it be spent at the jewelry store or the car repair shop or the hardware store or the one auto dealer we have or the the trailer sales lot here in town I’m taking The money that those businesses deposit with me and recirculating it in our community.
    That is what bankers do and as long as I own this bank that’s what I will do

    Of course the sale of the bank was about to close and all of that changed if you drive through Wheatland right off of I 25 in southern Wyoming north of Cheyenne stop in you’ll see the reservoir but you wont see a jewelry store or a car dealer or a hardware store and I’m not even sure there is a bank.

    It was all changing right then and as Sundance says banks stopped focusing on the needs of their community. and it is a very very sad change.

    I

    Liked by 4 people

    • keebler AC says:

      very poignant …no jewelry store, car dealer or a hardware store – T45 knows what he’s doing bringing back banks for small businesses

      Liked by 2 people

  40. AJ says:

    I love these two parts of the sundance article.
    “This second group is intent on retaining a historic set of false assumptions by fraud and deception.”
    and the ‘CPAC seal clappers’
    Note to self – do not stand next to sundance on a crowded street.

    Liked by 2 people

  41. Sundance:

    In a subsequent installment of this series, please connect the dots to show how the Wall Street Economy has ALSO transitioned to own / conspire with the Media Sector to whipsaw market expectations (enriching Hedge Funds).

    In other installments, please connect the Entertainment sector and then the Education sector, to describe how they interrelate and ultimately conflate.

    Like

  42. jeans2nd says:

    Re: The Maria Bartiromo interview, discussion on the strength of the dollar.

    04:05 to 5:10
    04:23 MB – “The dollar moving higher is not helpful.”
    Steve Mnuchin’s answer is clear, concise, direct.
    5:06 MB – “Even the President says it’s too strong.”
    Mnuchin smiles, nods his head, head tipped left chin pointing right, smiles broadly, no response.

    Today, reading this –
    “a growing number of countries are trying to move from the US dollar along with its dependence on the United States, by pursuing a policy of de-dollarization. Three states that are particularly active in this domain are China, Russia and Iran.”

    “The Russian government held a meeting on de-dollarization in spring of 2014…Russia’s President Vladimir Putin announced that “the petrodollar system should become history”…These steps recently taken by Russia are the real reasons behind the West’s sanction policy.”

    “China has also become an active member of this “anti-dollar” campaign, since it has signed agreements with Canada and Qatar”

    There is much more, but the article ends thus –
    “But there’s little to no hope for the United States to survive its own wave of chaos it has unleashed across the world.”
    http://journal-neo.org/2015/02/02/rus-dedollarizatsiya-i-ssha/

    The Butterfly Effect (Chaos theory). Flap…flap…flap…

    Best stand back boyz. The Butterfly is now on The Trump Train.

    Like

  43. pat lewis says:

    I sent a letter of support today and mailed it to Trump Tower in New York as I wanted to by pass all middlemen. I sent a check for 25.00 and specified it was the first donation toward the WALL, if 60 million of his supporters did the same we could bypass the UNIPARTY.

    Like

  44. PoCoNoMo says:

    I’ve been grateful so many times, for what I’ve been learning here. In this case, after reading your post re: the two economies, I wasn’t so surprised to hear Bloomberg @ 1:35 Firstly on the deductions, you’ve done a lot on getting rid of the deductions, mostly what you’ve hung on to is mortgage interest tax relief. You look around the world, many people have got rid of that as it plainly distorts a lot of markets; pushes money towards property. Why didn’t you choose to target that?

    Also, (and forgive if you’ve already posted about this one) I thought Mick Mulvaney was great on his WH Press Conference: I saw it on YouTube, Mick Mulvaney Destroys the FAKE NEWS Media and Tell the TRUTH about The Budget Plan!!! https://www.youtube.com/watch?v=5IRdleZXZlQ

    Like

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