by Jeff Berwick, The Dollar Vigilante:
We are now 24 hours into the Trump era and the sky hasn’t fallen. The world hasn’t ended. In fact, nothing at all has changed.
The wars continue on, the IRS continues to extort people in the US for nearly half of everything they make, the NSA continues to spy on all and the Federal Reserve continues to inflate the currency all the while impoverishing the lower and middle classes.
You might say, “It’s only been 24 hours, give him some time,” but the fact of the matter is that Trump has not talked about changing any of that. At most he’s talked about “auditing” the Federal Reserve. But, there is no point to an audit. We know what the Federal Reserve does. It needs to be shut down effective immediately.
But, as we pointed out yesterday, even if Trump did want to do all the right things in terms of bringing freedom back to the USSA it won’t come without a massive, biblical level collapse of the current system.
There are, of course, some things Trump has done to fulfill pledges already. In his first executive order, Donald Trump asked government agencies to remove parts of the Affordable Care Act – Obamacare – following up on his pledge to do away with the the Act entirely.
The one-page order tells federal officials to reduce the “economic and regulatory burden” of the Affordable Care Act before it is done away with entirely.
But problems are much bigger than certain issues. Whether Trump is “good” or “bad” doesn’t make all that much difference. The die has already been cast. The US is bankrupt. And maybe that is one valuable skill Trump has, dealing with bankruptcy situations. Because that is exactly what he will be dealing with.
We realize that many people are thrilled Barack O’Bomber is gone. And so are we! And we also realize many people are hopeful that Trump will fix the giant mess in Washington, District of Criminals.
On this point we are less hopeful. Sure, he’ll fix some things. That’s how this entire two party democracy charade is played. Each side takes its turn doing something heinously awful so that the people feel vindicated when they tick the box for the other party who fixes a few of those things.
In the end, it’s just the same old game though. But this game is nearing its end.
Either good Trump will engineer and negotiate a default on the debt, causing the biggest financial and economic crisis in world history. Or bad Trump will continue increasing the debt and the Federal Reserve printing money to finance it, causing the eventual hyperinflation of the US dollar and the biggest financial and economic crisis in world history.
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