This headline article from the New York Post caught our attention because it has the familiar ring of “51 former intelligence heads” in the 2020 election.
Previously, the stacking of experts to create disinformation was used to hide the truth within the Hunter Biden laptop, which was evidence of Joe Biden’s pay-to-play schemes. Now, the “experts” are stacked to claim Joe Biden’s economic policy is better than Donald Trump’s.
[Source]
I will ignore the article’s Freudian optic of the economist speaking at the globalist WEF event, and instead focus on the facts. We have an actual track record of President Trump’s MAGAnomic policies to review. We heard the insufferable “inflation created by tariff” arguments back in 2017; they were all false.
Wall Street loves to shout about looming damage that will come if anyone reverses the “service driven economy” policies they rely upon. However, none of their hair on fire arguments ever materialize, because they are not accurate. These economists are politically motivated in their claims.
See below for real data on the outcomes of MAGAnomic policy as delivered in Trump’s first term.
This might be the cited data you want to bookmark for later reference.
Traditional Fascism was defined as an authoritarian government working hand-in-glove with corporations to achieve totalitarian objectives. A centralized autocratic government, headed by a dictatorial leader, using severe economic and social regimentation, and forcible suppression of opposition.
That governmental system didn’t work in the long-term, because the underlying principles driving free people rejected government authoritarianism. Fascist governments collapsed, and the corporate beneficiaries were nulled and scorned. Then along came a new approach to achieve the same objective.
The World Economic Forum (WEF) was created to use the same fundamental associations of government and corporations. Only this time the corporations organized to tell the governments what to do. The WEF was organized for multinational corporations to assemble and tell the various governments how to cooperate to achieve control.
Fascism is still the underlying premise, the WEF just flipped the internal dynamic.
The assembly of the massive multinational corporations, banks and finance offices now summon the government leaders to come to their assembly and receive their instructions. Some have called this corporatism. However, the relationship between government and multinationals is just fascism essentially reversed with the government doing what the corporations tell them to do.
…A massive multinational corporate conglomerate; telling a centralized autocratic government leader what to do; and using severe economic and social regimentation as a control mechanism; combined with forcible suppression of opposition by both the corporations and government.
This was our reality until we finally broke the glass, hit the emergency STOP button and elected Donald Trump.
It was the Fourth Quarter of 2019…..
Right before the pandemic would hit a few months later, despite two years of doomsayer predictions from Wall Street’s professional punditry, all of them said Trump’s 2017 steel and aluminum tariffs on China, Canada and the EU would create massive inflation – it just wasn’t happening!
Overall, year-over-year inflation was hovering around 1.7 percent [Table-A BLS]; yup, that was our inflation rate. The rate in the latter half of 2019 was firmed up with less month-over-month fluctuation, and the rate basically remained consistent. [See Below] The U.S. economy was on a smooth glide path, strong, stable, and Main Street was growing with MAGAnomics at work.

A couple of important points. First, unleashing the energy sector to drive down overall costs to consumers, and industry outputs was a key part of President Trump’s America First MAGAnomic initiative. Lower energy prices help the worker economy, middle class and average American more than any other sector.
Which brings us to the second important point. Notice how food prices had very low year-over-year inflation – 0.5 percent. That is a combination of two key issues: low energy costs, and the fracturing of Big Ag’s hold on the farm production and the export dynamic:
(BLS) […] The index for food at home declined for the third month in a row, falling 0.2 percent. The index for meats, poultry, fish, and eggs decreased 0.7 percent in August as the index for eggs fell 2.6 percent. The index for fruits and vegetables, which rose in July, fell 0.5 percent in August; the index for fresh fruits declined 1.4 percent, but the index for fresh vegetables rose 0.4 percent. The index for cereals and bakery products fell 0.3 percent in August after rising 0.3 percent in July. (link)
For the previous twenty years, food prices had been increasingly controlled by Big Ag, and not by normal supply and demand. The commodity market became a ‘controlled market’. U.S. food outputs (farm production) was controlled and exported to keep the U.S. consumer paying optimal prices.
President Trump’s trade reset was disrupting this process. As farm products were less exported, the cost of the food in our supermarket became reconnected to a ‘more normal’ supply and demand cycle. Food prices dropped, and our pantry costs were lowered.
The Commerce Dept. then announced that retail sales climbed by 0.4 percent in August 2019, twice as high as the 0.2 percent analysts had predicted. The result highlighted retail sales strength of more than 4 percent year-over-year. These excellent results came on the heels of blowout data in July, when households boosted purchases of cars and clothing.
The better-than-expected number stemmed largely from a 1.8 percent jump in spending vehicles. Online sales, meanwhile, also continued to climb, rising 1.6 percent. That’s similar to July 2019, when Amazon held its two-day blowout Prime Day sale. (link)
Despite the efforts to remove and impeach President Trump, it did not look like middle class America was overly concerned about the noise coming from the pundits. Likely that’s because blue collar wages were higher, Main Street inflation was lower, and overall consumer confidence was strong. Yes, MAGAnomics was working.
Additionally, remember all those MSM hours and newspaper column inches where the professional financial pundits were claiming Trump’s tariffs were going to cause massive increases in prices of consumer goods?
Well, exactly the opposite happened [BLS report] Import prices were continuing to drop:
This was a really interesting dynamic that no one in the professional punditry would dare explain.
Donald Trump’s tariffs were targeted to specific sectors of imported products. [Steel, Aluminum, and a host of smaller sectors etc.] However, when the EU and China responded by devaluing their currency, that approach hit all products imported, not just the tariff goods.
Because the EU and China were driving up the value of the dollar, everything we were importing became cheaper. Not just imports from Europe and China, but actually imports from everywhere. All imports were entering the U.S. at substantially lower prices.
This meant when we imported products, we were also importing deflation.
This price result is exactly the opposite of what the economic experts and Wall Street pundits predicted back in 2017 and 2018 when they were pushing the rapid price increase narrative.
Because all the export dependent economies were reacting with such urgency to retain their access to the U.S. market, aggregate import prices were actually lower than they were when the Trump tariffs began:
[…] Prices for imports from China edged down 0.1 percent in August following decreases of 0.2 percent in both July and June. Import prices from China have not advanced on a monthly basis since ticking up 0.1 percent in May 2018. The price index for imports from China fell 1.6 percent for the year ended in August.
[…] Import prices from the European Union fell 0.2 percent in August and 0.3 percent over the past 12 months.
So yes, we know President Trump can save Social Security and Medicare by expanding the economy with his America First economic policy. We do not need to guess if it is possible or listen to pundits theorize about his approach being some random ‘catch phrase’ disconnected from reality. Yes folks, we have the receipts.
This was MAGAnomics at work, and this is entirely what created the middle class MAGA coalition. No other Republican candidate has this economic policy in their outlook, because all other candidates are purchased by the Wall Street multinationals.
America First MAGAnomics is unique to President Trump, because he is the only one independent enough to implement them.
That’s just the reality of the situation. They hate him for it…
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Stiglitz is a communist. That is much more relevant than his being a Nobel Prize winner.
https://th.bing.com/th?id=ODLS.c6a2ad01-b061-4653-a190-553a8019f715&w=32&h=32&qlt=92&pcl=fffffa&o=6&pid=1.2
The Atlantic
https://www.theatlantic.com/ideas/archive/2024/04/…
Joseph Stiglitz: Neoliberalism Is Devouring Itself – The Atlantic· Neoliberal orthodoxy holds that economic freedom is the basis of every other kind.
That orthodoxy is disputed by Stiglitz.
Lol, I think the easy response is “Remember when those 50 ‘intel experts’ lied about Hunter Biden’s laptop? It’s that, but fewer liars were recruited this time.”
Exactly, it was my first thought!
The problem is, it takes several years to find anyone to publish the truth. We can’t take several more years of this BS!!!
Remember one of those Intel experts is Jeremy Bash, married to one of the inquisitors this evening.
We are living in the most intense propaganda environment ever created on earth.
Yes, but at least we know it. Years ago when they marched our ancestors off to war they thought it was for their country. Now they know its for BlackRock/Haliburton/State Street/Vanguard, and the myriad AH’S who never once thought of the loss of life, and only of their money, and power!
How much has Lindsey Graham made from Ukraine? I hate them all!
We do. Many others do. But the masses of idiots,LIVs and mockingbird media addicts have no clue.
Janet Yellens husband is one of the economists George Akerlof
Liberal cabal is such an incestuous group, they are all married, swapping spit or otherwise related.
Is this the Jared “Not an Economist” Bernstein wet dream version of the 51 slitherers’ laptop letter?
>Traditional Fascism was defined as an authoritarian government working hand-in-glove with corporations to achieve totalitarian objectives. A centralized autocratic government, headed by a dictatorial leader, using severe economic and social regimentation, and forcible suppression of opposition.
Can’t really agree with this. That might be how fascism was operationalized but the definition:
“Anti-individualistic, the Fascist conception of life stresses the importance of the State and accepts the individual only in so far as his interests coincide with those of the State, which stands for the conscience and the universal, will of man as a historic entity. It is opposed to classical liberalism which arose as a reaction to absolutism and exhausted its historical function when the State became the expression of the conscience and will of the people. Liberalism denied the State in the name of the individual;
Fascism reasserts the rights of the State as expressing the real essence of the individual. And if liberty is to be the attribute of living men and not of abstract dummies invented by individualistic liberalism, then Fascism stands for liberty, and for the only liberty worth having, the liberty of the State and of the individual within the State. The Fascist conception of the State is all embracing; outside of it no human or spiritual values can exist, much less have value. Thus understood, Fascism, is totalitarian, and the Fascist State — a synthesis and a unit inclusive of all values — interprets, develops, and potentates the whole life of a people.”
“The Doctrine of Fascism”, Benito Mussolini, 1932.
How Leftists think:
Don’t believe Trump’s actual economic track record, believe unproven hypotheticals instead
Don’t believe actual climate observations, believe unproven climate-change theories instead
Don’t believe clear biological facts, believe crazy gender theory instead
Don’t believe actual crime data, believe BLM critical race theory instead
Or in East Anglia’s case just destroy the temperature records.
Trump 2024.
Ah, the world of economics, where the forecasts are gloomy, the stakes are high, and the experts are… well, let’s just say they’re often as accurate as a weather forecast during a hurricane. ️
So, 16 economists walk into a bar, and they all agree on something. Sounds like the start of a bad joke, right? But no, it’s just another day in the land of punditry, where signing letters is the new national pastime, and the game is predicting inflation like it’s the next big sports event.
Now, let’s talk MAGAnomics, the economic policy that’s like a superhero in a cape, swooping in to save the day with tariffs that somehow defy gravity and make prices fall. Who knew that imposing tariffs could be like hitting the “sale” button on the global market? ♂️
And then there’s the WEF, flipping the script on fascism like a pancake chef at a Sunday brunch. Instead of governments telling corporations what to do, it’s the corporations handing out the to-do lists. It’s like when your dog starts walking you, and you just have to pretend that was the plan all along.
But wait, there’s more! Remember when everyone said tariffs would make your shopping cart cost as much as a luxury car? Well, surprise! The shopping cart is still just a shopping cart, and the prices are dropping like the bass at a dubstep concert. Boom!
And let’s not forget the energy sector, unchained and unleashed, driving down costs like a teenager with a lead foot. Low energy prices are like a group hug for the middle class, and who doesn’t love a good group hug? hug⚡
Food prices? They’re staying lower than a limbo stick at a beach party, thanks to the trade reset that’s got Big Ag’s control on the ropes. It turns out, when you let supply and demand do their thing, your pantry doesn’t have to be stocked like a billionaire’s bunker.
So, as we bookmark this data for future “I told you so” moments, let’s tip our hats to MAGAnomics, the policy that’s like a rebel with a cause, shaking up the status quo and making the haters eat their words… along with their reasonably priced groceries.
In the end, whether you’re a fan of Trump’s policies or not, one thing’s for sure: in the rollercoaster world of economics, it’s always wise to keep your hands and feet inside the ride, and maybe hold onto your wallet, just in case.
And remember, folks, while we’re having a chuckle, let’s not forget that when it comes to the economy, what’s bad is bad, but a little humor can make the bitter pill of reality a tad sweeter to swallow.
Seen the video of Biden confused over just how many Nobel Economists who coincidentally sent confirmation un-solicited of Biden’s policy. Anywhere between 14 to 18. I remember Obama was a Nobel winner 2 months in.
It’s hilarious. I believe Bongino played it a few times.
As Einstein said about the 100 Nazi scientists attacking the “Jew science”, one would have been enough if they were right.
I am amazed that Bob Shiller signed on to this atrocity. Yale University has sunk to a new low.
Trump 2024.
Trump handed Fraud Puppet 2020 (our installed president) a 1.45% inflation rate on January 21, 2021. What else does one need to know?
Trump 2024.
Nice list of economists to avoid when staffing the new Trump administration. It’s amazing that they all keep outing themselves.
Doesn’t matter who is in power, keep running debt and printing money, kaboom, inflation. The stupid is strong out there.
Sixteen? What–they couldn’t find 51 current and former Economists?
Not just 16 economists.. but 16 Nobel prize winning economists.. lolz The NPCs are bombarding reddit with it. Too early to say if it’s going to be effective.
In all honesty there are a great number of like minded leftist NPCs online who gobble this trash up. /r/FluentInFinance is likely the only subreddit with anyone pushing back.
Most of the time if you go into these posts and point out the truth you either get blocked or downvoted to the point your post isn’t seen anymore.
Same economists that repeatedly issue rosy forecasts for Dems that never happen, especially after revisions, and issue low ball forecasts for Trump and each time, the actual is higher?
They couldn’t forecast the odds of snake eyes with loaded dice.
I don’t believe they understand with whom they are dealing.
Our Very Stable Genius Donald J Trump, graduate of the Wharton School of Finance and a lifetime of financial transactions will skewer them!!!
“Oh, oh, nooooo!!!” – Mr. Bill
The 2024 first quarter rate of inflation was just revised UPWARD, today.
Oopsie, Fraud Puppet 2020 (our installed president) just dropped his sippy cup.
Trump 2024.
Old Joe is losing his touch. He could only find 16 liars this time. 2020 he had 51.