Trick Or Treat: One Year Later, Is Trump A Blessing Or A Curse To The Deep State?

Authored by John Whitehead via The Rutherford Institute,
Has Donald Trump been a blessing or a curse to the architects of the American police state?
One thing is for sure: a year into his presidency, Trump hasn’t done much to improve the lot of the American people.
The predators of the police state are still wreaking havoc on our freedoms, our communities, and our lives.
The government still doesn’t listen to the citizenry, it still refuses to abide by the Constitution, which is our rule of law, and it still treats the citizenry as a source of funding and little else. Police officers are still shooting unarmed citizens and their household pets. Government agents – including local police – are still being armed to the teeth and encouraged to act like soldiers on a battlefield. Bloated government agencies are still fleecing taxpayers. Government technicians are still spying on our emails and phone calls. Government contractors are still making a killing by waging endless wars abroad.
In other words, the American police state is still alive and well and flourishing.
Nothing has changed.
Rather than draining the corrupt swamps of Washington, as he repeatedly promised, Trump and his brand of reality TV politics have merely redirected our attention.
Trust me, the swamps are still stagnant with corruption.
Indeed, we are still the unwitting victims of a system so corrupt that it spans all branches of government.
We are still ruled by an elite class of individuals who are completely out of touch with the travails of the average American.
We are still viewed as relatively expendable in the eyes of government: faceless numbers of individuals who serve one purpose, which is to keep the government machine running through our labor and our tax dollars.
We are still being made to suffer countless abuses at the government’s hands.

This post was published at Zero Hedge on Oct 31, 2017.

Tony Podesta Resigns As Head Of Lobbying Firm After Becoming Target In Mueller Probe

As the left and the media ramp up their Manafort-ian mania against Trump, it appears the trail of destruction from special counsel Mueller’s probe has spread to Democratic power-lobbyist Tony Podesta.
As we explained in Aug 2016, Paul Manafort – now under indictment on 12 charges – and his deputy Rick gates previously worked with the Podesta Group, run by Tony Podesta, the brother of Hillary Clinton campaign chairman John Podesta.
…emails obtained by the Associated Press showed that Gates personally directed two Washington lobbying firms, Mercury LLC and the Podesta Group, between 2012 and 2014 to set up meetings between a top Ukrainian official and senators and congressmen on influential committees involving Ukrainian interests. Gates noted in the emails that the official, Ukraine’s foreign minister, did not want to use his own embassy in the United States to help coordinate the visits.
And this is where the plot thickens, because while the bulk of the press has so far spun the entire Ukraine lobbying scandal, which led to Manafort’s resignation, as the latest “proof” that pro-Moscow powers were influencing not only Manafort but the Trump campaign in general (who some democrats have even painted of being a Putin agent), the reality is that a firm closely tied with the Democratic party, the Podesta Group, is just as implicated.

This post was published at Zero Hedge on Oct 30, 2017.

Will America’s Prosperity Be Completely Wiped Out By Our Growing Debt?

The federal government is now 20.4 trillion dollars in debt, and most Americans don’t seem to care that the economic prosperity that we are enjoying today could be completely destroyed by our exploding national debt. Over the past decade, the national debt has been growing at a rate of more than 100 million dollars an hour, and this is a debt that all of us owe. When you break it down, each American citizen’s share of the debt is more than $60,000, and so if you have a family of five your share is more than $300,000. And when you throw in more than 6 trillion dollars of corporate debt and nearly 13 trillion dollars of consumer debt, it is not inaccurate to say that we are facing a crisis of unprecedented magnitude.
Debt cannot grow much faster than GDP indefinitely. At some point the bubble bursts, and when it does the pain that the middle class is going to experience is going to be off the charts. Back in 2015, the middle class in the U. S. became a minority of the population for the first time ever. Never before in our history has the middle class accounted for less than 50 percent of the population, and all over the country formerly middle class families are under a great deal of stress as they attempt to make ends meet. The following comes from an absolutely outstanding piece that was just put out by Charles Hugh Smith…
If you talk to young people struggling to make ends meet and raise children, or read articles about retirees who can’t afford to retire, you can’t help but detect the fading scent of prosperity.
It has steadily been lost to stagnation, under-reported inflation and soaring inequality, a substitution of illusion for reality bolstered by the systemic corruption of authentic measures of prosperity and well-being.
In other words, the American-Dream idea that life should get easier and more prosperous as the natural course of progress is still embedded in our collective memory, even though the collective reality has changed.
The reality that most of us are facing today is a reality where many are working two or three jobs just to make it from month to month.
The reality that most of us are facing today is a reality where debts never seem to get repaid and credit card balances just continue to grow.
The reality that most of us are facing today is a reality where we work day after day just to pay the bills, and yet we never seem to get anywhere financially.
The truth is that most people out there are deeply struggling. The Washington Post says that the ‘middle class’ encompasses anyone that makes between $35,000 and $122,500 a year, but very few of us are near the top end of that scale…

This post was published at The Economic Collapse Blog on October 29th, 2017.

“$100,000 Bought Me The Mayor”: Shocking Testimony Of De Blasio Donor Revealed

You don’t have to look around too hard to realize that the “political swamp” in America stretches from sea to shining sea and from the highest offices in Washington D. C. to the lowliest of city halls on Main Streets all across the country.
The latest evidence of such comes to us from New York City where a Mayor Bill de Blasio donor-turned-felon testified in extraordinary detail yesterday that he and his businessman pals wrote the book on city corruption – buying off the Mayor’s Office and the Police Department using brazen pay-to-play tactics. As the New York Post details today, 34-year-old Jona Rechnitz went into staggering detail in his testimony about political favors he received from City Hall for a small $100,000 donation.

This post was published at Zero Hedge on Oct 27, 2017.

24,000 Homicides: Mexico On Pace For Most Violent Year In History As Drug Wars Spiral Out Of Control

As our elected officials in Washington D. C. continue to debate whether or not Trump’s proposed border wall would be an effective deterrent to those looking to come to the U. S. illegally, the one thing that is becoming increasingly clear is that Mexico’s drug wars are spiraling out of control…a fact that the Trump administration will almost certainly leverage as it seeks additional funding for border security. As PanAmPost notes, Mexico has recorded a staggering 24,000 homicides in 2017 through September with 73% of those murders being tied to organized crime.
2017 might be the most violent year in Mexican history, one NGO claims. Semforo Delictivo said that, due to the 24,000 homicides between January and September, the year is proving even worse than 2011, when President Felipe Caldern’s war on drugs led to 22,000 homicides.
President of the organization, Santiago Roel, said that 73 percent of murders committed in the first eight months of the year were related to organized crime. He said that in 2007, there were 2,828 executions. Now, a decade later, 18,017 have been reported.
All high-impact crimes have increased during the current year, including abductions, homicides and grand theft auto at gunpoint. According to Roel, the main cause of violence and corruption is the ‘Mrida Plan,’ which focuses on eradicating drug cartels.

This post was published at Zero Hedge on Oct 26, 2017.

Torturer-in-Chief Turned Savior of Freedom?

Former President George W. Bush gave a speech yesterday implicitly slamming President Donald Trump for dragging down democracy. Bush told political cronies and other attendees: ‘We are gathered in the cause of liberty this is a unique moment.’ He assured listeners that freedom ‘should be the defining commitment of our country, and the hope of the world.’ Bush invoked the ‘high ideals’ of our nation, declaring, ‘We become the heirs of James Madison by understanding the genius and values of the U. S. Constitution.’
After the speech, much of the media exalted Bush as if he were the second coming of George Washington. Twitter showcased the spiel with an unusual summary in its ‘trending tweets’ lineup – “George W. Bush gve a powerful speech on democracy, freedom, and American values.”
If Bush had never been president, it would be easier to understand the adulation. But Bush was one of the most disastrous, authoritarian presidents in modern American history. Bush committed more abuses of power than could be recounted in anything less than a book. But there was one issue which should forever define Bush in Americans’ memory.
After the 9/11 attacks, Bush’s lawyers quickly assured him that the Constitution and federal law no longer constrained the president’s power. Bush proceeded to authorize the type of torture regime that civilized nations had formally abandoned hundreds of years earlier.

This post was published at Ludwig von Mises Institute on 10/20/2017.

HILLARY CLINTON’S RUSSIAN GHOST STORIES

Russian intelligence targeted Hillary Clinton before she became secretary of state in 2009, FBI documents show.
New FBI information about corruption in a Clinton-approved uranium deal with Russia raises questions about Clinton’s actions after the FBI broke up a deep-cover Russian spy ring in 2010.
For a decade, the FBI ran an operation called Ghost Stories to monitor and rip apart a deep-cover Russian agent network. Ghost Stories tracked a ring Russian spies who lived between Boston and Washington, D. C., under false identities. It was one of the FBI’s most elaborate and successful counterintelligence operations in history.
After the FBI arrested 10 of the spies in June, 2010, Secretary of State Clinton worked feverishly to return the Russian agents to Moscow in a hastily arranged, lopsided deal with Putin.
It all happened as the uranium deal was in play: An arrangement to provide Moscow’s state Rosatom nuclear agency with 20 percent of American uranium capacity, with $145,000,000 to pour into the Clinton Family Foundation and its projects.
For the Clintons, the FBI’s biggest counterintelligence bust in history couldn’t have come at a worse time.

This post was published at The Daily Sheeple on OCTOBER 20, 2017.

Obama Administration Bribed by Russians?

Another example of how corrupt it is in Washington, prior to the Obama Administration, including Hillary, approved the Russian purchase of American uranium resources, it turns out that the FBI has gathered evidence confirming that there was bribery taking place for Russia to get the deal. Of course, Loretta Lynch never investigates Democrats when her own Administration is the corrupt one behind the curtain.
Obama administration approved the deal in 2010 giving Moscow control of a much of the American uranium sources. It turns out that the FBI had gathered significant evidence that Russian nuclear industry officials were engaged in bribery, kickbacks, extortion and money laundering to get the deal in the USA. They had a confidential witness working inside the Russian nuclear industry to gather extensive financial records, make secret recordings and intercept emails from 2009 onward.that showed Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, FBI and court documents show.

This post was published at Armstrong Economics on Oct 19, 2017.

The United States of Weinstein: Complicity, Greed and Corruption Is the Status Quo

If integrity means more than any of these baubles, then prepare to fail.
The theme this week is The Rot Within. The sordid story of Harvey Weinstein is being presented as an aberration. It is not an aberration; it is merely a high-profile example of how the status quo functions in the USA, a.k.a. The United States of Weinstein, in which complicity, greed and corruption reign supreme in every sector and in every nook and cranny of power.
As a gatekeeper in Hollywood, Mr. W. could make or break careers with absurd ease. The dirty secret of America’s status quo is that power and wealth are both extremely concentrated, which means there are gatekeepers who must be bribed, sated or serviced if you want to claw your way up the wealth-power pyramid. Mr. Weinstein’s alleged conduct and payoffs of those he exploited is par for the course in the corridors of power in the USA. Gatekeepers are the key functionaries in a rentier economy in which the few at the top skim the wealth of the many. Want to play in the big leagues of Hollywood, Washington D. C., the Pentagon, or the various HQs of Global Corporate America? You have to pay the Gatekeepers what they demand.

This post was published at Charles Hugh Smith on MONDAY, OCTOBER 16, 2017.

Our Protected, Predatory Oligarchy: Dirty Secrets, Dirty Lies

If you want to understand why the status quo is unraveling, start by examining the feudal structure of our society, politics and economy. The predators reckon their aristocratic status in Hollywood/D. C. grants them a feudal-era droit du seigneur (rights of the lord) to take whatever gratifications they desire from any female who has the grave misfortune to enter their malefic orbit. The revelations coming to light about Hollywood Oligarch Harvey Weinstein perfectly capture the true nature of our status quo: a rotten-to-the-core, predatory, exploitive oligarchy of dirty secrets and dirty lies protected by an army of self-serving sycophants, servile toadies on the make and well-paid legal mercenaries. Predators aren’t an aberration of the Establishment; they are the perfection of the Establishment, which protects abusive, exploitive predator-oligarchs lest the feudal injustices of life in America be revealed for all to see. Anyone who protests or makes efforts to go public is threatened by the oligarch’s thugs and discredited/smeared by the oligarch’s take-no-prisoners legal mercenaries. (Recall the Clintons’ Crisis Management Team tasked with crushing any Bimbo Eruptions, i.e. any eruptions of the truth about Bill’s well-known-to-insiders predation of the peasantry.) The dirty secret is that the oh-so-hypocritical power elites of Hollywood and Washington D. C. circle the wagons to protect One of Their Own from being unmasked. The first weapons of choice in this defense are (as noted above) threats from thugs, discrediting the exploited via the oligarchy’s paid goons and lackeys in the mainstream media and dirty lies about what a great and good fellow the oligarch predator is. The last line of defense is a hefty bribe to silence any peasant still standing after the oligarchs’ onslaught of threats, smears and lies.

This post was published at Charles Hugh Smith on MONDAY, OCTOBER 09, 2017.

In Early Tweetstorm, Trump Praises WaPo, Slams NBC And “Late Night Comedians”, Reaches Out To Schumer

It took Trump a little longer to get started on twitter Saturday morning, when shortly after 7am ET, the president launched a pair of tweets in which he unexpectedly offered a rare compliment to the Washington Post for its coverage of ‘wonderful small donors’ who have contributed to the Republican party.
‘Can’t believe I finally got a good story in The Washington Post It discusses the enthusiasm of ‘Trump’ voters through campaign contributions. The RNC is taking in far more $’s than the Dems, and much of it by my wonderful small donors. I am working hard for them!’
Can't believe I finally got a good story in the @washingtonpost. It discusses the enthusiasm of "Trump" voters through campaign….
— Donald J. Trump (@realDonaldTrump) October 7, 2017

This post was published at Zero Hedge on Oct 7, 2017.

Fake News: The Collapse of the MSM’s ‘Facebook Russian Bot’ Story

As 21WIRE said last year, the Russian hacking, or Russiagate story was a political hoax from the start. What this story can now demonstrate, is that for the last 18 months, the entire mainstream media has been promulgating a highly politicised, and relentless campaign of fake news designed to implicate Russia in an imaginary scandal. Leading the pack are former ‘papers of record’ The New York Times and The Washington Post, flanked by America’s premier broadcast TV propaganda outlet CNN.
Last week, we revealed how powerful politicians in Washington had pressured Facebook executives to come up with any evidence to support the Democratic Party’s theory of ‘Russian meddling,’ – demonstrating clear collusion between the Obama Administration and Silicon Valley corporation Facebook, with the goal of fabricating a scandal in order to scapegoat Vladimir Putin and the Russians for the electoral collapse of Hillary Clinton last November.
As a result, US-Russian relations have been sacrificed at the altar of petty partisan politics and a failing deep state agenda.
It certainly begs the question: with so much at stake, why would Washington and MSM lie and risk pushing global tensions closer to a world war level confrontation? If they are prepared to lie about this, what else are they prepared to lie about?
Consortium News Exclusive: The U. S. mainstream media is determined to prove Russia-gate despite the scandal’s cracking foundation and its inexplicable anomalies, such as why Russia would set up a Facebook ‘puppies’ page.
By Robert Parry
What is perhaps most unprofessional, unethical and even immoral about the U. S. mainstream media’s coverage of Russia-gate is how all the stories start with the conclusion – ‘Russia bad’ – and then make whatever shards of information exist fit the preordained narrative.

This post was published at 21st Century Wire on OCTOBER 5, 2017.

Welcome To The Hunger Games: Trump’s Tax Plan Is Going To Mean A Battle Royal Among D.C. Lobbyists

Are you ready for mass chaos in Washington? There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues. But when you are talking about a major tax reform bill, that is something that virtually every single lobbyist in the entire city will want to be involved in. Our tax code is over two million words long, and the regulations are over seven million words long, and any changes to our immensely complex system could have absolutely enormous implications. There will be winners and there will be losers with any piece of legislation, and lobbyists will zealously fight to defend the turf belonging to their particular clients. Often lobbyists from different sides will literally be pitted directly against one another, and it won’t be pretty. In fact, one analyst that works for Cowen Washington Research Group says that we could soon be watching ‘the corporate hunger games’…
Almost every industry, special interest, and consumer group has an interest in the tax code, especially if the package ends up being as ambitious as Trump and Republican leaders want it to be. Chris Krueger, an analyst at Cowen Washington Research Group, told Business Insider that the battle over which loopholes to keep and which to throw out could get nasty.

This post was published at The Economic Collapse Blog on September 29th, 2017.

Retired FBI Agent Sues DOJ For Records On Contributions Made By A Clinton Ally To McCabe’s Wife

Over the weekend, Judicial Watch announced that it had filed a lawsuit against the DOJ on behalf of retired special agent Jeffrey Danik seeking records related to roughly $700,000 in political contributions made by groups tied to Virginia Governor Terry McAuliffe, a long-time Clinton confidant, to the wife of FBI Deputy Director Andrew McCabe… the same Andrew McCabe who was conveniently overseeing multiple Hillary Clinton investigations at the time and even oversaw components of her email investigation. Here’s more from Judicial Watch:
The suit was filed in the U. S. District Court in the District of Columbia in support of Danik’s October 25, 2016, and February 28, 2017, FOIA requests for records about McCabe’s ‘conflicts of interest’ regarding his wife’s (Dr. Jill McCabe’s) political campaign, and McCabe’s reporting to the FBI of any job interviews or offers. Specifically, the two FOIA requests seek:
Text messages and emails of McCabe containing ‘Dr. Jill McCabe,’ ‘Jill,’ ‘Common Good VA,’ ‘Terry McAuliffe,’ ‘Clinton,’ ‘Virginia Democratic Party,’ ‘Democrat,’ ‘Conflict,’ ‘Senate,’ ‘Virginia Senate,’ ‘Until I return,’ ‘Paris,’ ‘France,’ ‘Campaign,’ ‘Run,’ ‘Political,’ ‘Wife,’ ‘Donation,’ ‘OGC,’ Email,’ or ‘New York Times.’
In 2015, a political action committee run by McAuliffe, a close friend and political supporter of Bill and Hillary Clinton, donated nearly $500,000 to Jill McCabe, wife of McCabe, who was then running for the Virginia State Senate. Also, the Virginia Democratic Party, over which McAuliffe had significant influence, donated an additional $207,788 to the Jill McCabe campaign. In July 2015, Andrew McCabe was in charge of the FBI’s Washington, DC, field office, which provided personnel resources to the Clinton email probe.

This post was published at Zero Hedge on Sep 4, 2017.

Podesta Group Subpoenaed By Special Counsel Mueller In Russia Probe

Just over a year ago we wrote about Paul Manafort resigning from the Trump campaign amid outrage over his consulting firm’s ties to a lobbying campaign designed to sway American public opinion in favor of the Ukraine’s pro-Russsian government (see: FBI Probes Firm Belonging To Brother Of Clinton Campaign Chair For Ukraine Corruption Ties).
The top political news on Friday was the unexpected resignation of Trump campaign chairman, Paul Manafort, which was the result of emerging revelations that his political consulting firm, DMP International, had orchestrated a covert Washington lobbying operation in the period 2012-2014 on behalf of Ukraine’s then ruling political party, attempting to sway American public opinion in favor of the country’s pro-Russian government (which was overthrown in a CIA-orchestrated coup in early 2014).
As the AP reported yesterday, the lobbying included attempts to gain positive press coverage of Ukrainian officials in The New York Times, The Wall Street Journal and The Associated Press. Another goal: undercutting American public sympathy for the imprisoned rival of Ukraine’s then-president. At the time, European and American leaders were pressuring Ukraine to free her. Furthermore, under the U. S. Foreign Agents Registration Act (or FARA), US entities who lobby on behalf of foreign political leaders or political parties must provide detailed reports about their actions to the Justice Department.
Now, fast forward one year and it seems as though an honest attempt to destroy Trump’s campaign may ensnare another rather unlikely victim, namely The Podesta Group. As our readers are undoubtedly aware by now, The Podesta Group (PG) was co-founded by Hillary Clinton’s former campaign chairman, John Podesta, and is still run by his brother, Tony Podesta. Now, according The Daily Caller, PG, one of six lobbying firms that worked on Manafort’s campaign to get Ukraine into the European Union between 2012 to 2014, finds itself directly in the crosshairs of Special Counsel Mueller’s Russia probe.

This post was published at Zero Hedge on Aug 28, 2017.

House Judiciary Member Calls For Mueller Resignation Over Conflict, “Clear Violation Of Federal Code”

House Judiciary Committee member, Representative Trent Franks (R-AZ), is calling on Robert Mueller, special counsel for the Department of Justice’s Russia investigation, to resign over an alleged “conflict of interest” resulting from a personal relationship with James Comey who is a person of interest in the investigation. Per the Washington Examiner:
“Bob Mueller is in clear violation of federal code and must resign to maintain the integrity of the investigation into alleged Russian ties,” Franks said. “Those who worked under them have attested he and Jim Comey possess a close friendship, and they have delivered on-the-record statements effusing praise of one another.”
“No one knows Mr. Mueller’s true intentions, but neither can anyone dispute that he now clearly appears to be a partisan arbiter of justice. Accordingly, the law is also explicitly clear: he must step down based on this conflict of interest,” Franks said.

This post was published at Zero Hedge on Aug 1, 2017.

Birkenstock CEO Accuses Amazon Of “Modern Day Piracy”

President Donald Trump might’ve been on to something when he accused the Washington Post of being a ‘lobbyist weapon For Amazon.’
In a rambling five-page email published by WaPo, the CEO of Birkenstock USA threatened to cut off authorized retailers who sell even a ‘single pair’ of its shoes to Amazon.com Inc., a continuation of his crusade against the online retailer, which began about a year ago when he demanded that the e-commerce powerhouse do more to ferret out fakes being sold on its platform. In the missive, CEO David Kahan blasted Amazon for soliciting Birkenstock retailers, offering to buy the company’s shoes from them for full price. Birkenstock stopped selling its shoes on Amazon earlier this year, citing a rise in counterfeit products and unauthorized sellers.
Though the paper disclosed its conflict of interest, the story was obviously intended to embarrass a business rival of WaPo owner and Amazon founder Jeff Bezos, despite the paper’s smoothly neutral tone.
‘In the email, Kahan called the entreaty a ‘desperate act’ and a ‘PERSONAL AFFRONT.’ ‘Birkenstock does NOT sell [to] Amazon,’ he wrote in the email to retail partners. ‘And it is clear that they are seeking back-channel means by which to obtain our brand.’

This post was published at Zero Hedge on Jul 26, 2017.

Of Russia Baiters And Putin Haters

Authored by Patrick Buchanan via Buchanan.org,
‘Is Russia an enemy of the United States?’ NBC’s Kasie Hunt demanded of Ted Cruz. Replied the runner-up for the GOP nomination, ‘Russia is a significant adversary. Putin is a KGB thug.’
To Hillary Clinton running mate Tim Kaine, the revelation that Donald Trump Jr., entertained an offer from the Russians for dirt on Clinton could be considered ‘treason.’
Treason is giving aid and comfort to an enemy in a time of war.
Are we really at war with Russia? Is Russia really our enemy?
‘Why Russia is a Hostile Power’ is the title of today’s editorial in The Washington Post that seeks to explain why Middle America should embrace the Russophobia of our capital city:
‘Vladimir Putin adheres to a set of values that are antithetical to bedrock American values. He favors spheres of influence over self-determination; corruption over transparency; and repression over democracy.’ Yet, accommodating a sphere of influence for a great power is exactly what FDR and Churchill did with Stalin, and every president from Truman to George H. W. Bush did with the Soviet Union.

This post was published at Zero Hedge on Jul 14, 2017.

Has Super Mario Draghi Met His Match?

And this might become a problem for the Fed.
ECB President Mario Draghi wields more power than just about any other public official in Europe, perhaps even including Angela Merkel. The organization he heads not only controls the monetary policy levers of the entire Eurozone, it also supervises the region’s 130 biggest banks. As we’ve seen in recent weeks, it even has the power to decide which of Europe’s struggling banks get to live and which don’t.
Yet it is answerable to virtually no one. Until now.
Emily O’Reilly, the EU Ombudsman, an arbiter for the public’s complaints about EU-institutions, has just sent Draghi a letter asking him to explain his role in the potentially compromising Group of Thirty (G30) and how he makes sure that he does not divulge insider information or runs into conflicts of interest. The tenor, tone and direction of O’Reilly’s inquiries make it clear that she means business.
The Washington-based G30 was founded in the late seventies at the initiative of the Rockefeller Foundation, which also provided start-up funding for the organization. Its current membership reads like a Who’s Who of the world of global finance. It includes current and former central bankers, many of whom now work or worked in the past for major financial corporations, such as:

This post was published at Wolf Street on Jul 10, 2017.

David Stockman: Horrendous Storm to Hit Stocks

David Stockman joined Boom Bust to discuss the massive storm that is building and about to slam into Wall Street. During the discussion Stockman reveals what he believes is ahead for the stocks in the market and the economy.
The interview began with the Boom Bust host asking the acclaimed author about his concern surrounding a government shutdown. David Stockman began ‘we’re in the midst of the biggest political train wreck in modern history… There will be no governance in Washington. There will be no tax bill, stimulus or infrastructure.’
‘We’re heading for an expiration of the debt ceiling and running out of cash that will create an enormous crisis by August or September. They’re not going to be able to cope with it.’

This post was published at Daily Reckoning