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Death Of A Presidency, An Empire, And A Monetary System

by Andy Hoffman, Miles Franklin:

I’m 46 years old, and grew up in New York; and thus, know a lot about Donald Trump. Consequently, if at any time before last summer, you told me he’d one day be President, I would have laughed until I cried. After all, a man famous for bad marriages; a big, insulting mouth; and massively overleveraged investments in some of the worst imaginable businesses – from Atlantic City casinos, to the United States Football League – was as far from what I’d consider “Presidential material” as I could imagine. Frankly, if it weren’t for the acting chops he developed on the Apprentice; a show in which he became famous for insulting people each week – from teenagers to washed-up celebrities – before ceremoniously firing them, he would have ever come to the political forefront. As it turns out, an historically angry populace was looking for someone – anyone – to unseat the monsters that have destroyed our nation – and who better than a “no-nonsense” guy unafraid to challenge anyone?

That said, if you told me in May 2002 – when I made my first Precious Metal investment, under the premise of an “overvalued dollar” – that 15 years later, America would be a flat-broke geopolitical pariah with more enemies than friends, run more like a Banana Republic than the world’s leading superpower, I would have laughed equally hard. Unfortunately, here in 2017, America is no longer a “superpower,” but a rapidly declining empire; with a President so far over his head, that in less than three months, it couldn’t be more obvious that his first term will be his last. And whether one personally likes him or not; which I suspect, very few did until he started competing with some of the worst people America has ever produced, from Jeb Bush to Hillary Clinton; the fact is, that his unprecedented lack of diplomacy; inability to grasp simple economics; and most importantly, his status as an “outsider” seeking to overthrow an evil, self-interested political boys club; has made him the worst possible candidate to be America’s leader, at its time of greatest need. Not that I can think of anyone suitable for the job – as aside from the retired Ron Paul, American politics today, like those of the entire Western world – are populated by a cast of characters so unsavory, I feel like taking a bath anytime I hear them speak.

Let’s face it, there were only two reasons I voted for Trump in the first place. For one, I despised Hillary Clinton so much, I would have done anything – and voted for anyone – to make sure the Wicked Witch of the Western Hemisphere wasn’t elected. Let alone, putting one of the worst people on the planet back in the White House, as “First Husband.” And secondly, a potential Trump Presidency was viewed by what’s left of “markets” as anathema to history’s largest financial bubbles – and conversely, history’s most egregious Precious Metal suppression. Thus, when the powers that be doubled down their manipulative efforts on Election Night – after being “surprised” by Trump’s victory – my rancor against “the system” grew exponentially; leading us to today; when, just five months later, the catastrophe America – and the world – faces, is as terrifying; and potentially, imminent; as anything I can remember in my lifetime.

As I write, America is two weeks from a potentially devastating government shutdown – which “Congress” responded to by taking a two-week vacation; and one month from an explosive, unprecedented debt ceiling crisis. Moreover, its economy has NEVER been weaker; whilst its debt – and deficits – are rising parabolically. Meanwhile, Europe is one vote away – in France, less than a month hence – from being torn into pieces; whilst the Middle East is on the verge of a potentially devastating war; as dozens of global currencies serially collapse – either of their own Ponzi-esque weight, or due to the vicious currency wars its lunatic Central bankers have engaged them in. And nowhere is this threat larger than in the U.S. – where four decades of money printing, market manipulation, and propaganda are rapidly collapsing on the “leader” of history’s largest, most destructive fiat Ponzi scheme.

Two days after the election, I was in a state of “maximum anger” – after the Cartel denied my well-deserved “BrExit times ten” victory by smashing Precious Metals’ initial, correct reaction to Trump’s victory. Simultaneously, catalyzing the blatantly fraudulent “Trump-flation” propaganda meme –goosing stocks, base metals, and every asset class that shouldn’t have risen. Not to mention, igniting another multi-month cycle of PM smashing, based on the same old lie about a potentially strengthening economy and “hawkish” Fed. Knowing full well how ridiculous such scenarios were, I penned my MUST LISTEN Audioblog, “turning on Trump”; in which, I stated as logically as possible, how NOTHING proposed on the campaign trail was politically or economically viable. And thus, that it wouldn’t be long before the “Trump-flation” meme would die on the vine; and with it, the comical beliefs that interest rates would rise; Precious Metals would decline; and America would be any “greater” under Trump than George Bush or Barrack Obama; or what it would have been under Hillary Clinton.

Fast forward to today, and I’m not sure I could have been more correct – on essentially all fronts; political, economic, and monetary. To wit, the Obamacare “repeal and replace” is dead in the water. As are Trump’s “massive” tax cuts and “yuugge” fiscal stimulus proposals – which never had a chance of occurring. Let alone, as said debt ceiling crisis threatens to literally tear America apart next month; likely, making the 2011, 2013, and 2015 debt ceiling crises, combined, appear to be a proverbial “walk in the park.” Moreover, America’s economy is on the verge of recession, if not Depression; with the Fed’s own economists forecasting barely positive first quarter “growth” despite LOL, some of the strongest “confidence” indicators in U.S. history.

Yes, the same “confidence” that has produced historic collapses in commercial and individual lending; explosive delinquency rates; and a “retail Armageddon” that I assure you, has as much to do with flat-broke Americans; amidst the worst labor market in generations; as Amazon.com destroying the retail sector, or robots long ago replacing the jobs Trump hopes to repatriate. By the way, does anyone even remember his pathetic January tweetstorms, attacking any company that had the gall to build manufacturing plants in nations where, God forbid, they might have a chance to earn a profit? You know, like the Trump Administration has done for years – and all profit-seeking businesses – in rightfully outsourcing operations when logical business sense suggests doing so.

Read More @ MilesFranklin.com

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