Can Trump MAGA?

President Trump has promised to male America great again and the nation, half of it anyway, responded very optimistically. The Dow Jones hit 20,000 for the first time and has remained over 19,500 ever since; it's almost 19,900 this morning. After falling below 9,000 in 2009 this seems like an economic miracle. But the DJIA does not give a good picture of the American economy; there is much, much more. There are 92 million American out of work and good manufacturing jobs have left the country, perhaps for good. What jobs are widely available today are part-time retail and service jobs.

This article describes the poor economic condition of our nation and why the globalists like it that way. They have set Trump up as the fall guy when everything heads south as it was designed to do.

The following is written by Brandon Smith at the DC Clothesline.

As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the course of the next year. The signs are already present, and this fits exactly with the basis for my prediction of the Trump election win — conservative movements are indeed being set up as scapegoats for a global economic crisis that international financiers actually created.

Smith lists some economic conditions that Trump probably will not be able to reverse. Sure, there are conspiracy elements to this analysis, but who in their right minds thinks Obama was an accident?

• The government cannot create wealth, it can only take it from one sector and give it to another. Trump promises to stimulate the private sector, but after eight years of Obama and  quantitative easing, is this possible?
• The finances of too many nations are almost hopelessly intertwined due to decades of globalist fiscal manipulation. Because of this interdependency, tariffs will not be as effective in protecting our economic interests. For example, China can seriously damage our economy just by liquidating American debt. Trump must be careful here even though Mexico and Canada are chaffing at the bit to rewrite NAFTA.
• Restoring our manufacturing base will be a long, lengthy process. Demand has to be generated, capital raised, factories built and workers trained. People must also be persuaded to come off the financial supports that have propped them for the past ten years. I'm not just talking about unemployment or welfare. Millions are now on SSI due to "mental depression."

[...]I understand that conservatives in particular want to “make America great again,” and I fully agree with that goal. But, someone has to point out the inconsistencies in the current strategy and recognize that the situation is beyond repair. To make America great again would require decentralized efforts to maximize production and self reliance at a local level, not centralized federal tinkering with the economy. The globalists have been far too thorough in their programs of interdependency. The only way out now is for the system to crash and for the right people to be in place to rebuild.

Trump has stated that our economy is in dismal shape, a dialogue in direct opposition to the economists, globalists and market seers who have been busily blowing fiscal  sunshine up our buttholes, wallets. They are lying. There are 92 million Americans (what the crap! That's the population of France and Australia combined!) sitting at home who can testify to this.

Many legislative and administrative fixes must be realized to help America become great again and there are political obstacles that must be overcome. Obama had the democrat dogs dry humping his leg and now they are baying after Trump like a bunch of bluetick hounds trying to tree a racoon.

If the Republicans can rein in McCain and other Republicans suffering from egomania/dementia and keep a majority in the House and Senate, his chances of succeeding are greatly increased.

Putin Punts It?

In 1991 fiscal mismanagement, poor planning and corruption brought down the Soviet Union. Can the same thing happen again to Putin's Russia?

Only one month in and 2016 has already delivered a series of devastating economic blows to Russia. As the price of oil and the value of the ruble plummet, so, too, does the standard of living of the average Russian citizen. Russia’s central bank has been widely praised for not spending the country’s hard-currency reserves to support the ruble — an admittedly losing proposition — yet it has done so on the backs of the Russian people.

The public has responded stoically and largely without panic, even as they see their middle-class aspirations crash. But a whiff of desperation can now be sensed, and it is the Kremlin that appears the most perplexed about what the next steps it should take.

President Vladimir Putin has gone so far as to blame Soviet Union founder Vladimir Lenin for Russia’s current difficulties. Historical scapegoats, however, do not relieve Putin and his government of responsibility for Russia’s financial mess. As the economic temperature rises, Moscow will likely find itself under increased pressure to re-examine both its domestic policies and its foreign adventures.

I am wondering how long Putin can maintain his expensive military operations in Ukraine and Syria while his economy is tanking. Sure, you can deflect criticism by waving something shiny in front of the public, but only for so long before the bills are due and your checks start bouncing. Threatening Eastern Europe

Do The Math

The democrats seek political advantage by allowing millions of illegals to swarm into the US while preaching that they do the jobs that Americans refuse to do.

At the same time, manufacturing jobs are disappearing across the country.

[...]"Advanced robotics are changing the calculus of manufacturing," says Harold Sirkin, a senior partner at the management consulting firm.

A handful of nations, including the U.S. and China, are poised to reap the biggest benefits of the automation wave.

About 1.2 million additional advanced robots are expected to be deployed in the U.S. by 2025, BCG says. Four industries will lead the shift — computer and electronics products; electrical equipment and appliances; transportation; and machinery — largely because more of their tasks can be automated and they deliver the biggest cost savings.

About 10% of all manufacturing functions are automated, a share that will rise to nearly 25% in a decade as robotic vision sensors and gripping systems improve, BCG says.

Meanwhile, costs are tumbling. The cost to purchase and start up an advanced robotic spot welder has plunged from $182,000 in 2005 to $133,000 in 2014, with the price forecast to drop another 22% by 2025.

That's prodding manufacturers to replace workers. BCG says manufacturers tend to ratchet up their robotics investment when they realize at least a 15% cost savings compared with employing a worker. In electronics manufacturing, it already costs just $4 an hour to use a robot for a routine assembly task vs. $24 for an average worker.

So what happens when the jobs that Americans refuse to do disappear? How many bean pickers do we need? How many people on economic support programs can this country maintain before it all falls apart? 

Thank You Gov. Cuomo

Tell ya what Andy, from now on keep your big ignorant, liberal yap shut. Your father would have had enough sense to stifle it before making a fool of himself.

News sources in Alabama reported on Saturday that an announcement will be made on Monday confirming that Remington Arms is building a new 500,000 square-foot plant in that state and the $87 (m) million dollar investment will mean about 2000 jobs.

Alabama’s Yellowhammer, Military Times and AL.com have reported that some of the jobs will be coming from Remington’s birthplace, Ilion, where some 1300 jobs remain.

The Yellowhammer quotes an inside anonymous source at Remington who claims that the Ilion plant will remain open, but with a ‘reduced workforce.’

Governor Cuomo’s spokesman, Rich Azzopardi used Twitter on Saturday night to dispute that, by saying, “…to be clear, no Remington jobs are leaving New York.”

[...]A number of states have been courting Remington Arms, America’s oldest gun maker, since Governor Andrew Cuomo passed New York’s Safe Act in January of last year.

Alabama’s Governor Robert Bentley has been one of those Governor’s looking to welcome the gun maker. While the governor would not confirm Monday’s Remington announcement in Huntsville, he did tell AL.com that, ”I think Monday you’ll see something very special in the state,” Bentley said.

Following Governor Cuomo’s comments about conservatives not being welcome in New York, Bentley made it clear that those on the right, including Remington, are clearly welcome.

“In Alabama we strongly support and uphold our great U.S. Constitution on which our nation and our states were founded,” Bentley told Yellowhammer. “The Constitution serves to protect individual Freedoms. Among them are those guaranteed in the Second Amendment, which protects the right of the people to keep and bear Arms. We will protect the Freedoms of individuals and welcome any one or any company to Alabama to discover as so many have, that we are a pro-business state filled with good, hardworking people.”

There have been plenty of rumors about Remington’s Ilion plant moving out of the state, especially over the last several months. Congressman Richard Hanna has told WIBX on several occasions that Remington is doing well in Ilion.

RINO Hanna is another idiot. And the Alabama press says that this is a sure thing. Huntsville will be receiving the new jobs.

Remington first began considering new locations after the New York legislature passed the Secure Ammunition and Firearms Enforcement (SAFE) Act in response to the tragic shootings in Newtown, Conn. In addition to banning magazines that contain more than seven rounds and requiring instant background checks on ammo purchases, the NY SAFE Act broadened the definition of so-called “assault weapons” to include a wide range of guns, including the Bushmaster, which was being manufactured at Remington’s New York plant.

Story here and here.

Bad Moon Rising

Say what you will, the markets are not looking good. 

Say what you will about the quality of financial earnings in 2013 (and we have said quite a bit, making it very clear over the past three quarters that a substantial portion of financial "earnings" has been accounting gimmickry such as loan-loss reserve releases and other "one-time" addbacks which mysteriously end up becoming quite recurring), but one thing that is indisputable is that of the nearly $52 in non-GAAP, adjusted S&P 500 EPS so far in 2013, over 20% is attributable to financials.

So many pundits have been warning of a cataclysmic event in the financial markets for so long now. Will Obama and his boys finally break the USA?

New troubles are piling up for U.S. banks as they prepare to release third-quarter results amid warnings of weak trading revenue, a sharp decline in mortgage-refinancing activity and rising legal costs.

Analysts are scrambling to ratchet down earnings estimates ahead of the reports. J.P.Morgan and Wells Fargo are slated to post results on Oct. 11, with Citigroup Inc., Bank of America Corp., Morgan Stanley and Goldman Sachs Group Inc. due to weigh in the following week.

The USA is far more than the banks and financial analysts. But we just can't ignore the rumblings and false fixes that have brought us to the brink of ruin.