…… Unfortunately, it is too late to reverse the tidal wave of system failure that has been brewing for three decades now. It will soon end in a speculator implosion.
Whether that crisis commences before November 8th or soon thereafter is largely immaterial. If the Trump campaign has the good sense to focus on the gathering economic storm clouds, it’s the one thing that could catalyze an out-with-the-bums uprising across Flyover America on Election Day.
So let us reiterate our thesis even more vehemently. The idea that the American economy has recovered and is returning to an era of healthy prosperity is risible establishment propaganda. It’s the present day equivalent of the Big Lie. It’s the reason why Hillary Clinton’s campaign to validate and extend the current malefic Wall Street/Washington regime is so reprehensible.
In fact, the natural post-recession rebound of the nation’s capitalist economy has already exhausted itself after 84 months of tepid advance. Now, the massive headwinds of towering public and private debts, faltering corporate investment and productivity, Washington-based regulatory and tax-barriers and the end of an unsustainable central bank fueled global credit, trade and investment boom are ushering in a prolonged era of global deflation and domestic recession.
This post was published at David Stockmans Contra Corner on August 8, 2016.
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