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David Stockman

America First -- RIP

Wednesday April 18, 2018

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When the Cold War officially ended in 1991, Washington could have pivoted back to the pre-1914 status quo ante. That is, to a national security policy of America First because there was literally no significant military threat left on the planet. Post-Soviet Russia was an economic basket case that couldn't even meet its military payroll and was melting down and selling the Red Army's tanks and artillery for scrap.
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Trump's War Cabinet And The Fiscal Doom Loop

Wednesday March 28, 2018

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Last week the Donald's incipient trade war got Wall Street's nerves jangling, but that wasn't the half of what's coming. To wit, Trump has now essentially formed a War Cabinet and signed a Horribus spending bill that is a warrant for fiscal meltdown. Indeed, the two essentially comprise a self-fueling doom loop which means Washington’s descent into fiscal catastrophe is well-nigh unstoppable; it’s all over except for the screaming in the bond pits.
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Steve Bannon's Done - But It's Way Too Late

Tuesday January 9, 2018

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Good riddance to Steve Bannon. The last thing America needed was a conservative/populist/statist alternative to the Welfare State/Warfare State/Bailout State status quo. Yet what Bannonism boiled down to was essentially acquiescence to the latter -- even as it drove politicization deeper into the sphere of culture, communications and commerce.

Stated differently, the heavy hand of the Imperial City in traditional domestic, foreign and financial matters was already bad enough: Bannonism just gave a thin veneer of ersatz nationalism to what was otherwise the Donald's own dogs' breakfast of protectionism, nativism, xenophobia, jingoism and strong-man bombast.

By the latter, of course, we mean Trump's essentially content free notion that America was falling from greatness mainly due to stupidity, corruption and a penchant for bad deals among Washington pols; and that the undeniable economic malaise, if not decline, of Flyover America was due to some kind of grand global zero sum-game.

That is, what rightly belonged to America was being stolen by immigrants, imports, and the nefarious doings of foreign governments and globalist elites. What was needed to make America Great Again (MAGA), therefore, was a Washington-erected moat to hold back the tide of bad people and unfair foreign economic assaults and a new sheriff in the Oval Office with the "smarts" (with which he believed himself amply endowed) to start "winning" again.
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The War Party's Desperate Assault On 'America First'

Thursday January 4, 2018

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The major -- perhaps only -- redeeming virtue of the Donald's ersatz campaign platform was his clear intent to seek a rapprochement with Russia, revamp America's commitments to NATO and other cold war relics and to discard "Regime Change" as the core tenant of foreign policy in favor of an "America First" approach to domestic security and safety.
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The RussiaGate Witch-Hunt - The Deep State's 'Insurance Policy'

Monday December 18, 2017

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There was a sinister plot to meddle in the 2016 election, after all. But it was not orchestrated from the Kremlin; it was an entirely homegrown affair conducted from the inner sanctums -- the White House, DOJ, the Hoover Building and Langley -- of the Imperial City.

Likewise, the perpetrators didn't speak Russian or write in the Cyrillic script. In fact, they were lifetime beltway insiders occupying the highest positions of power in the US government.

Here are the names and rank of the principal conspirators: John Brennan, CIA director; Susan Rice, National Security Advisor; Samantha Power, UN Ambassador; James Clapper, Director of National Intelligence; James Comey, FBI director; Andrew McCabe, Deputy FBI director; Sally Yates, deputy Attorney General, Bruce Ohr, associate deputy AG; Peter Strzok, deputy assistant director of FBI counterintelligence; Lisa Page, FBI lawyer; and countless other lessor and greater poobahs of Washington power, including President Obama himself.

To a person, the participants in this illicit cabal shared the core trait that made Obama such a blight on the nation's well-being. To wit, he never held an honest job outside the halls of government in his entire adult life; and as a careerist agent of the state and practitioner of its purported goods works, he exuded a sanctimonious disdain for everyday citizens who make their living along the capitalist highways and by-ways of America.
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The FBI's Perjury Trap Of The Century

Tuesday December 5, 2017

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 If you were a Martian visitor just disembarked from of one of Elon Musk's rocket ships and were therefore uninfected by earth-based fake news, the culprits in Washington's witch-hunt de jure would be damn obvious.

They include John Brennan, Jim Comey, Sally Yates, Peter Strzok and a passel of deep state operatives----all of whom baldly abused their offices. After Brennan had concocted the whole Russian election meddling meme to sully the Donald's shocking election win, the latter three holdovers----functioning as a political fifth column in the new Administration----set a perjury trap designed to snare Mike Flynn as a first step in relitigating and reversing the voters' verdict.

The smoking gun on their guilt is so flamingly obvious that the ability of the Trump-hating media to ignore it is itself a wonder to behold.

After all, anyone fresh off Elon's rocket ship would learn upon even cursory investigation of the matter that the National Security Agency (NSA) intercepts electronically every single communication of the Russian Ambassador with any person on US  soil----whether by email, text or phone call.
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Mueller Mugs America: The Case Of Baby George Papadopoulos

Tuesday October 31, 2017

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This is how the Deep State crushes disobedience by the unwashed American public. It indicts not only ham sandwiches but, apparently, political infants in diapers too, if that's what it takes. Hence the sudden notoriety of Baby George Papadopoulos, who pled guilty to "lying" about an essentially immaterial date to the FBI.

Oh, and by all signs and signals that plea came after this 30 year-old novice had been wearing a wire for several months.

So here's how this noxious act of bullying by Robert Mueller's Federally-deputized thugs came down. It seems that during the early months of 2016, when Trump was winning primary after primary against all mainstream media expectations, the Donald's establishment betters began attacking his foreign policy credentials with special malice aforethought.

That was mainly owing to his sensible suggestion that it would be better to seek rapprochement with Russia rather than pursue Hillary's Cold War 2.0 and that 25 years after the disappearance of the Soviet Union from the pages of history that NATO was obsolete.

Since this totally plausible (and correct) viewpoint was deeply offensive to the Imperial City's group think and threatened the Warfare State's existential need for a fearsome enemy, Trump's ruminations about making a deal with Putin were belittled. They were, in fact, attributed not to a fresh look at the realities abroad or the possibility that homeland security does not require a global empire, but to the candidate's lack of any pedigreed foreign policy advisors.
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The Deep State's Bogus 'Iranian Threat'

Thursday October 12, 2017

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Yesterday we identified a permanent fiscal crisis as one of the quadruple witching forces arising in October 2017 which will shatter the global financial bubble. Today the Donald is on the cusp of making the crisis dramatically worse by decertifying the Iranian nuke deal, thereby reinforcing another false narrative that enables the $1 trillion Warfare State to continue bleeding the nation's fiscal solvency.
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