Less than a month after being unceremoniously fired from ESPN for daring to share a meme about transgender issues on his personal Facebook page, Boston Red Sox legend Curt Schilling has put pen to pixelated paper slamming the "frauds in the liberal media," pointing out the folly of "college folks in love with Sanders," why Hillary is "lying her ass off," and why he will be voting for Donald Trump: Trust!
Overnight Australia finally admitted it has succumbed to the global economic weakness plaguing the rest of the world when in a "surprise" move, Australia’s central bank cut its benchmark interest rate for the first time in a year to a record low and left the door open for further easing to counter a wave of disinflation that’s swept over the developed world. The move sent the local currency tumbling and local stocks climbing. Reserve Bank of Australia Governor Glenn Stevens and his board lowered the cash rate by 25 basis points to 1.75 percent Tuesday, a move predicted by just 12 of 27 economists surveyed by Bloomberg. The announcement has, not surprisingly unleashed havoc across FX markets and broadly pushed global mood into its latest "risk off" phase.
If there was a sign that nothing else matters but central bank largess, this was it. The moment The Bank of Japan statement hit and proclaims "unchanged" a vacuum hit USDJPY and Japanese stocks. Reflecting that Japan's economy has "continued a moderate recovery trend" which is utter crap given the quintuple-dip recession, Kuroda and his cronies said they will "add easing if necessary" and apparently that is not now. Not so much as a higher ETF purchase or moar NIRP.. and the aftermath is carnage - NKY -1000 points and USDJPY crashed to a 108 handle!!
So Wall Street, US Big Oil and the proverbial “American interests” win this round at the circus – thanks to the, once again proverbial, vassal/comprador elites. Chevron execs are already salivating with the prospect of laying their hands on the pre-salt oil deposits; that was already promised by a trusted vassal in the Brazilian opposition. The coup goes on. The real hyenas haven’t yet pounced. So it's far from over.
Americans are realizing something is wrong with the system.
As our empire erodes, and overseas tyranny evolves into full moral meltdown at home, and the economy becomes a series of bubbles, the sociopaths in charge resort to more inventive and draconian measures. Trump is neither the solution nor the answer but more like another symptom. A long simmering effect of a longer lingering cause. The cause and effect of bad governance, of corruption without any consequences.
While The Donald may come across as 'shooting from the hip', it appears based on this 1990 interview with Playboy that Trump has been thinking about the decline of America, the weakness and corruption of government, and the impact of foreign (Chinese, Mexican, and Japanese) trade practices on the average joe. As he says, "I don’t want to be President. I’m one hundred percent sure. I’d change my mind only if I saw this country continue to go down the tubes."
YOU WON'T HEAR THESE FACTS FROM THE MAINSTREAM MEDIA.
Bubbles always seem permanent to those living within them. How many startups are empty shells filled with glitzy PR designed to appeal to VC newbies anxious to find the next Facebook? Perhaps far more than the financial media cares to admit.
"Obama’s job was to talk like a marxist, but act like a robber baron. In this regard, his reign has been an unprecedented success." So are you ready to stop being suckers and take back the country?
We have the power and the weaponry to change every community, every state and the entire nation without ever firing a single bullet. How is this possible?
"...we’re in a phase where we’re realizing that the people who have been allocating capital thus far have done a horrendous job...the result is that most of the things we’ve funded are mostly crap and largely worthless."