Former Reagan Administration White House Budget Director David Stockman says financial pain is a mathematical certainty. Stockman explains, “I think we are likely to have more of a fiscal bloodbath rather than fiscal stimulus. Unfortunately for Donald Trump, not only did the public vote the establishment out, they left on his doorstep the inheritance of 30 years of debt build-up and a fiscal policy that’s been really reckless in the extreme. People would like to think he’s the second coming of Ronald Reagan and we are going to have morning in America. Unfortunately, I don’t think it looks that promising because Trump is inheriting a mess that pales into insignificance what we had to deal with in January of 1981 when I joined the Reagan White House as Budget Director.” Stock market faces 20% correction, if not much worse.
In an interview with the World Gold Council’s “Gold Investor” publication, Greenspan fully endorses a return to the gold standard. Here’s the story:
TND Podcast Spotlight: #139
The massive artillery bombardment of the peoples of the Donbass, that has been raining down shells and fire on them since Christmas, is a war crime of horrific proportions designed to terrorize the people and bring their refusal to be subject to the NATO-installed regime in Kiev to an end. It is also becoming clear that it has a political purpose, which is to increase anti-Russian, pro-NATO propaganda among the Ukrainian people to influence them to vote to join NATO in a referendum, the consequences of which will be dramatic because a vote for NATO will be a vote for war.
The purveyors of fake news—the New York Times, Washington Post, CNN, MSNBC, and the rest of the despicable liars are using irresponsible innuendo to entangle President Trump in a web of treason. Here is the New York Times headline: “Trump Campaign Aides Had Repeated Contacts With Russian Intelligence.” What we are witnessing is a campaign by the deep state using their media whores to set up Trump for impeachment.
Washington was deeply involved in India’s war on cash and gold, as F. William Engdahl has documented (click here). What is the ‘Deep State’ up to?
Just three weeks into the Trump presidency, and his political enemies in the Washington establishment have scored big, with the forced resignation of Trump’s National Security advisor Michael Flynn. The establishment includes state intelligence agencies and aligned corporate news media, who have been gunning for Trump ever since his shock election last November.
Mainstream U.S. media only wants stories of Russian perfidy, so when German intelligence cleared Moscow of suspected subversion of German democracy, the silence was deafening, says ex-CIA analyst Ray McGovern.
President Trump’s acceptance of National Security Advisor Flynn’s resignation marks Official Washington’s first big success in neutering Trump and killing hopes for a détente with Russia. Hysteria over Russia gained added strength because Democrats were so angry over Trump’s election that liberal and progressive operatives saw a chance to build a movement and raise lots of money by pushing the Trump-Putin accusations.
This opportunism has turned much of the liberal/progressive community into a pro-New Cold War constituency willing to engage in a new breed of McCarthyism by demanding intensive investigations into alleged connections between Americans and Russians.
The United States and her allies made war on Syria. For years, Western mainstream media has be telling lies about American and allied support for terrorists (freedom fighters) the U.S. sought to have further geopolitical objectives. Now, the mainstream media lies are so over the top that liberals are having their heart strings pulled as their brains turn off on account of having zero understanding of what actually happened in the Syrian war theater. Liberals and progressives that are antiwar have been lobotomized by mainstream media. It was easy for liberals and progressives to understand a war of aggression when it was launched by former President George W. Bush; most of the same core nutcase “neocons” in the Dubya’ administration are behind the war on Syria. Wake-up, America. The “Fake News” outlets are the mainstream media, not The News Doctors, ZeroHedge, Dr. Ron Paul’s media outlets, Mises.org and other fine organizations the jackasses at The Washington Post labeled as propaganda. – Eric Dubin, Managing Editor, The News Doctors
Jannet Yellen’s testimony before Congress offers an opportunity for sending traders running for cover, as central bankers and government interests work to manage the mess they have created in hyper-managed financial markets and a Western banking system bloated by decades of mainlining liquidity heroin in a boom-bust financial markets driven leverage cycle. To think that the creation of the Fed was partially justified on the notion that it would engender stability in financial markets and the banking system!
TND colleague Dave Kranzler spotlights yesterday’s operation to manage precious metals upside and today, we are witnessing yet another example. Click here for Yellen’s Congressional testimony. – Eric Dubin