All because useful idiots honestly believe that the most corrupt man in U.S. political history is their saviour from corruption.
Toxic sludge is true north on their moral compass.
If last week's Ukraine election rigging revelation was surreal, this week had to get even more ludicrous. Just to prove that laws don't matter when the Roman Senate encourages corruption.
"This is an open opportunity to all nations - anyone who has dirt that can assist me with winning the election, will be amply rewarded. Just remember, when asked, just say 'no collusion'. Every useful idiot will repeat the chorus"
- Forrest Trump
What passes for American democracy has been reduced to a pathetic joke right now. Hijacked by "existential" fraud and criminality. Not just in the political arena but in the economic arena even more so. When Trump's mid-term election-rigging borrowed tax cut blew up in his face one year ago -20% S&P, he had only one option left - deplete all monetary reserves to get re-elected.
Which is what 2019 has been all about. Amid record low percentage unemployment, the Fed has been coerced into proactively reducing monetary dry powder. Which sets up the economic disaster I alluded to yesterday.
Here below, we see via 2008, the Fed moved AFTER unemployment began ticking up. And moved a full 3% lower to get to the current level of remaining dry powder. After that, things got REALLY ugly for unemployment despite having an extra 300 basis points of rate cuts over now. This time around, unemployment will be uncontrollable. Contrary to popular Zerohedge belief, "QE" does nothing for the middle class.
This idea of coercing rate cuts to rig elections at a time when monetary reserves are record low in U.S. history and unemployment is also record low, is emblematic of what is wrong with the Banana Republican Party. It is the party of greed here and now. Nothing else matters except instant gratification - fuck the planet, human health, the children's future. Only quarterly profit matters to these people.
Impeachment via political process is never going to happen. Only criminality will impeach this clown who flouts all laws openly:
It gets far worse on the deficit side, where gross irresponsibility and criminality combine to make the party of fake "fiscal rectitude" look like a drunken sailor with his pants around his ankles in a whore house. At this latent juncture, U.S. Federal debt has been fully conflated with "GDP". Were it not for Federal census workers, today's jobs report would have been an outright disaster. As indicated by the ADP private payrolls number mid-week and confirmed by the ISM employment data.
Again, not that any criminals would know this, but the way that true Keynesian economics worked before Supply Side Voodoo shaman hijacked it for tax cuts in 1980, is that deficits were run in recession and surpluses were accrued in expansion. Counter-cyclical fiscal stimulus, in the hands of adults. As we see, Clinton and Obama narrowed deficits, Bush and Trump widened deficits during their borrowed expansions.
This is what happens when too many circus clowns grow up under a reserve currency. They begin to believe that the laws of reality don't apply to them.
U.S. debt accumulation is now concealing the onset of recession.
It all starts with a big lie.
And then it moves on to much bigger lies. The next thing you know, Bozo the clown is president, lying non-stop and recruiting foreign nations to win elections.
Despite overwhelming signs of recession, all of the lies got bought with both hands this week. While the smart money hit the bid.
Which is how every con job works.
Monetizing fools is just "business as usual"
It was a volatile week.
The noose got much tighter
One year later:
Been there, done that
Two years later
Been there done that
Those who believe that the biggest con man in U.S. history is their saviour, have only themselves to blame
