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The Daily Reckoning Presents...
ugust 22, 2016
|
Trump Wins (Even If He Loses)
Trump: the battering ram shattering the rotten establishment...
Trump’s ignorance of economics is his biggest virtue...
Then Nomi Prins shows you why The Donald beats the establishment, even if he loses the election...
REVEALED: Is
merica’s #1 Technology Company Hiding a 79,900% Secret?
Something BIG could be going on inside the halls of the world’s most famous technology companies.
(In fact, I’ve been ordered not to name the company in this space—)
It’s a story that most investors simply have NOT heard about...
But for a select few tech industry insiders, it could be the roadmap for Silicon Valley’s next 79,900% “surprise” growth sector.
to discover the shocking technology story you’re NOT meant to hear about.
spen, Colorado
ugust 22, 2016
Dear Reader,
In the great scheme of history, The Donald’s great purpose may be to simply disrupt and paralyze the status quo.
nd that much he may accomplish whether he is elected or not.
For what is actually happening is beyond political. The bipartisan ruling elites are being Trumped…
Their entire regime of casino capitalism, beltway racketeering and imperial hegemony is being unmasked. The unwashed masses are catching on to the “rigged” essence of the system, and have already become alienated enough to rally to outlaw politicians like Bernie and Trump — peddling bogus socialism and reality-TV populism, respectively.
To be sure, the metaphor of “shock and awe” and the idea of “regime change” have been given a bad name by Bush 43. Yet there is no better way to describe Donald Trump’s rise and role than with those terms.
For at least that role, Donald Trump is eminently qualified. He represents a raw insurgency of attack, derision, poor manners and repudiation. Donald Trump is rude, impulsive and loutish to a fault.
But he’s the battering ram that is needed to shatter the polite lies and delusions on which the current regime rests. If he had been ordered from central casting for that role, in fact, it would have been difficult for Hollywood to produce anything close to the brash, egomaniacal rabble-rouser that is now heading the GOP ticket.
It is no wonder the elites are screeching that he is “unqualified.” That’s because he doesn’t promise another four years of the kind of destructive, kick-the-can fantasy world that serves the interests of our Wall Street/Washington rulers.
Donald Trump’s overwhelming virtue is that he is not Hillary Clinton and does not carry a 30-year-old bag of bad ideas. Hillary’s establishment ideas about how to fix the coming economic and foreign policy crises are so unequivocally bad that Trump’s cannot possibly be worse.
Donald Trump’s overwhelming virtue is that he is not Hillary Clinton and does not carry a 30-year-old bag of bad ideas.
That’s not to say that Donald Trump’s economic policy ideas — to the extent that they are semi-coherent and describable — aren’t plenty dubious. You can find much that is downright awful in his public statements.
Unfortunately, Donald Trump appears to be an economic blank slate who can embrace any and all errors and delusions. That’s because his economics are purely shoot-from-the-hip. Insofar as it is possible to discern, he has never been troubled by any kind of economic model or coherent philosophy at all.
But that is also his virtue.
“Policy” is what is ruining
merican capitalism, and the bloated state it has created is what’s gutting political democracy. What needs to happen when the next recession and stock market plunge unfolds is exactly nothing.
If Donald Trump is elected president, there will be no shovel-ready stimulus plan or any other economic policy fix within the first 100 days. Instead, there will be a gong show of such fury and divisiveness as to immobilize the Imperial City indefinitely.
If Hillary Clinton wins, the GOP-controlled House of Representatives will lapse into a partisan killing field for any economic “solutions” the White House may offer.
Either way, both ends of Pennsylvania avenue will end up in political trench warfare.
In a word, the historic virtue of Donald Trump is that win or lose, his candidacy means that the illicit Washington/Wall Street “policy” regime will finally come to a grinding halt.
Best,
David Stockman
for The Daily Reckoning
P.S. Today, I’m issuing an . My 40 years of experience in the Reagan White House and on Wall Street point to one conclusion:
>>
40% market crash is imminent
>>
nd it could be triggered by one specific election event as soon as Sept. 27.
Chances are your investments will be impacted by what I’m forecasting.That’s why I’m broadcasting
from my home in
spen, Colorado, this Thursday,
ug. 25, at 7 p.m. EST.
I strongly advise you to listen in. It won’t cost you a cent to attend. But what you learn could potentially save you from a lot of financial pain in the months ahead. I cannot emphasize that enough.
Recommended Links
If Donald Trump takes the White House,
could single-handedly derail his presidency. This event could gut the U.S. stock market, wipe out U.S. jobs, and vaporize your retirement savings.
nd the crazy thing is... it’s something that’s been on the calendar for months now — scheduled to take place before a single ballot for Trump OR Hillary gets cast.
In a shocking revelation science has uncovered a treatment for
lzheimer’s that could change everything we know about the disease. Thousands of
mericans are naturally healing themselves without drugs, injections, or pain. If you see just one thing today, make it this.
.
The Daily Reckoning Presents: Trump outfoxes the establishment — even if he loses in November...
Trump Wins (Even If He Loses)
By Nomi Prins
The list of establishment players exhibiting no interest in associating with The Donald or an absolute animus against him seems to expand by the day.
It includes, of course, Mitt Romney, Jeb Bush, George W. Bush and Lindsey Graham among so many others -- key players all in the Republican Party. Romney typically didn’t mince words, saying, “Donald Trump is a phony, a fraud. His promises are as worthless as a degree from Trump University. He’s playing the
merican public for suckers: he gets a free ride to the White House and all we get is a lousy hat.”
I guess you won’t find Romney wearing a “Make
merica Great
gain” hat.
Meanwhile, a troop of prominent Republicans headed for the hills instead of the party’s July convention. Republican congressmen have been vocal in their opposition; leading conservative brass has done everything but openly endorse Hillary.
former Republican national security adviser and a former Republican treasury secretary (and former Goldman Sachs chairman and CEO) have thrown their support to Hillary.
nd the establishment cast of characters thinking about heading for the exits continues to lengthen.
If much of the rest of the establishment follows the present pattern and departs Trump Station, what will this election look like? If history is any guide, a candidate needs a party establishment for everything from experience to organization to money.
Trump himself lacks experience in government or public service of any sort. He’s essentially at sea when it comes to what it might mean to govern this country. In this, he is anything but typical among Republican frontrunners who became president. William Taft was a former secretary of war. Herbert Hoover was secretary of commerce.
Warren Harding was a senator. Calvin Coolidge was his vice president. Dwight Eisenhower was a decorated general. Richard Nixon was his vice president and had been in Congress for years. Ronald Reagan was, yes, an actor, but had also been the governor of California. George H.W. Bush had been a congressman, an ambassador, and director of the CIA. His son was, of course, governor of Texas.
If Trump continues to play the outsider card (as he essentially must, given what his supporters now expect) and continues to alienate ever more of the establishment, he’s likely to find himself fighting a battle of diminishing returns in his own party over the next few months.
nd what about that establishment’s money?
fter all, what’s an election these days but a pile of donated money and backroom deals?
We know he raised significantly less than Jeb, Ted, and Marco and still beat them in the primaries, and that undoubtedly gave him a certain unrealistic sense of what was possible in a presidential campaign. The result: this May his campaign raised only $1.3 million to Hillary’s $42.5 million. Trump did raise $82 million last month, not far from Hillary’s $90 million. But he’s got a lot of work to do.
Unsurprisingly, establishment pockets are looking a good deal less deep these days when it comes to him. Key establishment money-raising figures have visibly turned their backs on him, just as he did on them.
The Koch brothers are not atypical in refocusing the future contributions of their Super PACs on Republican races in the Senate and House. Charles Koch even signaled the possibility, however faint, of taking a further step and using his money for the other side. "We would have to believe [Hillary’s] actions would be quite different than her rhetoric. Let me put it that way," he said in an interview on
BC's This Week. When asked if it was possible that another Clinton could be better than a Republican, he added, "It's possible." (With establishment money, all things are possible.)
Outside groups -- PACs and Super PACs on both sides of the aisle -- have already spent a combined $34.1 million on Senate and House races, according to a Bloomberg News analysis of Federal Election Commission data. That’s nearly double the amount spent at this point in the 2012 campaign. The Freedom Partners
ction Fund Super PAC, a political arm of the Koch empire, has divided nearly $10 million among four key Senate races in Wisconsin, Nevada, Pennsylvania, and Ohio. It has, however, kicked in only $36,000 for anti-Hillary efforts and not a penny for Trump.
merican Crossroads, a Karl Rove Super PAC, is also opting to focus on Republicans in the Senate, though it has doled out just $100,000 for that effort and $135,000 against Hillary. Rove has called Trump “a petty man consumed by resentment and bitterness,” which tells you all you need to know about where he’s likely to put his outfit’s money this election season.
These power brokers don’t suffer the slings and arrows of “outsider” scorn lightly.
But now, with the general election less than three months away, it turns out that Trump’s going to need that establishment if he is to have a hope in hell of raising the money and organizing the troops effectively enough to be elected. He needs the establishment more than he’d publicly admit, even with all his wealth.
One thing is guaranteed: Donald Trump will not pony up a few hundred million dollars from his own stash. He did personally contribute $2 million to his campaign last month. But that’s a drop in the bucket.
s a result, despite claims that he would never do so, he finally took a Super PAC or two on board and is now pursuing more financial aid even from people who don’t like him.
To be sure, some establishment billionaires have expressed support for Trump, like funding kingpin Sheldon
delson who said he’d fork over $100 million to the Trump cause. It’s just that he hasn’t done that yet. Chris Christie similarly tried to help raise funds for the campaign. But the man-who-would-have-been-veep didn’t have much luck. So far, at least, Trump’s biggest establishment supporters have been more talk than action.
With the election less than three months away, we’ll see if anything actually changes.
It’s increasingly clear that the GOP establishment is playing a different end game than The Donald. Whether Trump or Hillary wins, they want a Congress stacked in favor of their needs, and perhaps many of them are looking to a Paul Ryan run in 2020 as their saving grace.
But here’s a question that not many people are asking: Can Donald Trump actually lose the 2016 election? Let’s say Hillary beats him, as the polls of the moment suggest she will. Has he lost? Probably not.
fter all, he’s brought his brand to a far broader global audience on a stage so much larger than any
pprentice imaginable. He could lose dramatically, blame the Republican establishment for being mean to him, and then expand the Trump brand into new realms, places like Russia, where he’s long craved an opening.
Vladimir Putin and he could golf together bare-chested while discussing the imminent demise of the
merican empire. "My country could have been great again," he could sigh, "if only it had voted me in." His consolation prize: a Trump Casino in Moscow’s Red Square?
In other words, whether the establishment supports him or not, whether he wins on November 8th or not, his brand wins, which means that he triumphs.
Regards,
Nomi Prins
for The Daily Reckoning
Editor’s note: In the next few weeks, an election event will take place. That event could occur .
nd it could trigger a major bout of market volatility, ending in a horrific crash.
But David Stockman says there’s a unique window of opportunity to prepare for, and profit from, the volatility he sees coming...
There’s an approach that has consistently generated triple-digit gains during election years for the past decade — even when the market is in free fall.
That’s why this Thursday,
ug.25, at 7 p.m. EST, David Stockman is streaming an urgent FREE video broadcast from his home in
spen, Colorado. David will lay out all the details for you… and take your questions, LIVE.
ll you need to do is RSVP. There’s nothing to buy in order to get access — it’s 100% free.
You need to hurry, though… spots are filling up fast.
is an
merican author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books
ll the Presidents' Bankers and It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street.
7 Congressional Tricks That will Get You Free Stuff
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The rich and poor alike are eligible.
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