Saturday, February 18, 2017

The Big Long: In Goldman Sachs We Trust

Because Wall Street would never fuck Main Street again, would they?

The internal contradictions in today's all-pervasive "fake news" are unprecedented in modern human history. Journalists are full time submerged in trenches of Idiocratic toxic waste cherry picking the flotsam and jetsam that represents their own massively edited version of the unhinged status quo...

Trump asserts that the corporate media are the enemy of the American people. He alone, with Steve Bannon can make things right for the entire world - including the 7 billion+ people whom he blames for bringing down America - all of Latin America, all of Asia, Canada, Mexico, and all of NATO. Only Russia is a reliable ally. Never fear, he will fix the rest of the world, in the process of making America first. Because he alone represents all that is good in the world - arrogance, ignorance, intolerance, entitlement, fake wealth, and unprecedented hubris.

Amid all of this asinine chicanery, Slumdog casino Billunaire Seth Klarman asserts that Trump's nascent protectionism will END badly, because protectionism has always been bad for American society. Whereas, 30+ years of outsourcing and trade deficits, financial bailouts paid for with a doubling in U.S. debt, money printing, and Ponzi borrowing have always been 'good' for society. By 'society', he means himself. Fuck everyone else.

“While they might be popular, the reason the U.S. long ago abandoned protectionist trade policies is because they not only don’t work, they actually leave society worse off.”

Meanwhile, according to this Faustian fantasy for the 100% stoned Idiocracy, upon the election they traded eight years of Monetary stimulus for a fake-believe tax cut which may or may not happen sometime this year or next.

In summary, thanks to Forrest Trump, global poverty has just been magically eradicated and therefore the entire world is now in 'reflation' after eight years of pervasive deflation. All by raising interest rates across the board and blowing smoke up gamblers' asses non-stop until they go ALL IN at the very top. 

Meaning that the bullshit trade is now locked in. You know, just like last time, except for no bailout for Seth Klarman at the end of it all...