Five for Friday

The Al Smith charity dinner was last night in New York City, featuring Hillary Clinton and Donald Trump:

Trump gets started at about 7:40. It is supposed to be a lighthearted affair, filled with self deprecating humor and good fun. Neither candidate really adhered to that, Trump much less so.

What was prevalent more than anything else was the contempt and disgust Trump has for the ‘elites.’ These were the people who have been lambasting him for the last 18 months, for having the audacity to step outside the prescribed path. Despite his wealth, these are not ‘his people.’

At the start, he played nice, and delivered several good jokes, getting far more laughs than Hillary did later on. He then veered off the road and went full shitlord, doing a political impression of The Red Wedding. The boos he engendered did him more good than bad, as they were an audible confirmation that Trump is not of that class, and that his candidacy is consistent.


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Former Joint Chiefs of Staff vice chairman General James Cartwright is in a whole heap of trouble for mishandling classified information – he faces up to five years in jail and a massive fine. Unfortunatley for Cartwright, he is not Hillary Clinton, otherwise he would have been made Democratic nominee for president.

The Washington Post handles this disgraceful situation quite well, pointing out the hypocrisy:

“There is a lack of proportion just based on the facts that one figure, Cartwright, is getting severely punished and others so far have escaped the process,” said Steven Aftergood, director of the project on government secrecy at the Federation of American Scientists. “He is being singled out for prosecution and public humiliation. It’s an implicit rebuttal to those who argued that other senior officials such as Clinton or Petraeus got off scott free or got too light of a sentence.”

 

In its statement announcing the conclusion of its three-year investigation of Cartwright, the FBI emphasized that his prosecution showed that the Justice Department is willing to go after senior officials.

 

“The FBI will continue to take all necessary and appropriate steps to thoroughly investigate individuals, no matter their position (emphasis added), who undermine the integrity of our justice system by lying to federal investigators,” said Assistant Director in Charge Paul Abbate.

 

That statement reveals that the FBI is trying address public criticism that it gives senior officials like Petraeus and Clinton special and favorable consideration, Aftergood said.

The DOJ seems to be acting politically here, saying, ‘SEE, SEE, IF YOU VIOLATE THE LAW WE WILL PROSECUTE!’ The only problem is that Cartwright doesn’t have the political connections Clinton does, and thus doesn’t have the immunity she does. This saga only confirms the public suspicion that the system is rigged against the average person.


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Obamacare costs are spiking across the country:

  • Approved Hikes Just Under 20%: Colorado, Florida and Idaho
  • Approved Hikes 20% to 29%: Connecticut, Georgia, Indiana, Kentucky, Maine, Maryland
  • Approved Hikes 30% to 49%: Alabama, Delaware, Hawaii, Kansas, Mississippi, Texas
  • Approved Hikes 50% to 92%: Arizona, Illinois, Montana, Oklahoma, Pennsylvania, Tennessee
  • Approved hikes 93%: New Mexico

Obama has defended this, trying to compare it to buying a starter home, and making improvements as you go along. The problem is, if you buy a starter home and it immediately starts falling apart, you made a mistake and didn’t do your due diligence in appraising it properly.

 

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The usually excellent John Hussman summarizes the condition of the stock market bubble and investor attitudes:

I started this comment with a 126 year-old quote to emphasize that every cycle in history warns investors against relying on speculative extremes to be permanent. I recognize that some of you are going to insist on re-learning this the hard way. We’ve certainly learned our own lessons about the ability of zero interest rate policy to postpone the kind of market collapses that reliably followed overvalued, overbought, overbullish syndromes in other cycles across history (see the “Box” in The Next Big Short for the full narrative). But that temporary suspension of consequences entirely depends on investors remaining inclined toward risk-seeking (which we measure from the behavior of market internals). Following a brief post-Brexit strengthening in a few trend-following components, market internals have deteriorated again. The danger is that investors seem to believe that easy money supports overvalued financial markets regardless of market internals or the attitude of investors toward risk. The failure of investors to grasp this critical subtlety is likely to be the source of a great deal of pain over the completion of this market cycle.

Not much to add from me there, the whole thing is a must read.

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Finally, CH discusses the gaslighting of Trump supporters being done by the media via manipulated polling in his trademark colorful manner:

The next question is, “how do rigged polls help thecunt? If she’s losing in reality, rigged polls will just make her more blissfully ignorant of her incoming defeat.”

 

The answer lies in the psychology of humans, and is related to Game and picking up women. If you create a perception of success or desirability, the voters (women) will assume you are going to win (bed them), and will paradoxically make your path to victory smoother.

 

There is a school of thought that says poll rigging can hurt more than it helps, by instilling in thecunt’s degenerate freak mafia a smug complacency about her inevitable victory, which will depress turnout as her supporters stay home to passively watch her victory unfold. I don’t buy this. It’s a misunderstanding of human nature, specifically the part of human nature which loves to “crush your enemies and see them driven before you”. If thecunt’s supporters feel emboldened by favorable polls, they will be MORE likely to swarm the voting booths to get a chance to participate in the bloodbath.

 

No, let’s dispel with this notion that the rigged system is a stroke of providence that will hurt thecunt in the end. The rigged system operatives know exactly what they’re doing, and that is why Trump is right to call them out on it.

 

Big ol’ rigged polls serve thecunt in three ways:

 

  1. Perception of desirability/success/inevitability.
  2. Demoralization of Trump supporters. (Bad polls can depress turnout for the candidate who is behind)
  3. Most importantly, rigged polls give cover to thecunt conglomerate to engage in vote fraud.

 

On that last point, the calculus works like this: If the polls are accurate and going into the election there is a small MOE difference between thecunt and Trump, then it would be harder for thecunt to pull off vote fraud without Trump contesting it and shining a light on all the DNC crookedness. If, otoh, the clown world polls are rigged and going into Election Day thecunt leads by double digits, (even if in reality she’s tied with Trump), then committing vote fraud becomes a lot more plausibly deniable, (media hack: “oh come now, trumpenpleb, why would the hillary campaign commit vote fraud when all the polls showed her coasting to victory?”)

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Takeaways From the Third Debate

Here’s how I saw it:

Trump Won On Points, Clinton Won on Feels:

Trump was able to strike a happy medium between the first debate in which he was rather incoherent and defensive, and the second debate when he was on point but extremely aggressive. In the third debate, he was more ‘presidential,’ whatever that means. One of his biggest problems to date has been the fact that the uninitiated voter thinks he’s a crazy madman, so he had to convince those viewers that he could withstand attacks without blowing up. He did that, avoiding getting too deep into the weeds on side issues and was able to get a lot of points across firmly and effectively.

He was able to put Clinton on the defensive on several issues, such as the fact that she takes donations to the Clinton Foundation from countries like Saudi Arabia, which throws gays from rooftops and treat women poorly. He also brought up the James O’Keefe video in which DNC operatives were bragging about how they paid people to incite violence at Trump rallies. Clinton’s ‘dream’ of an open border for the hemisphere, as revealed through Wikileaks was also brought up.

In each instance, Clinton had no answer. She pivoted to blaming Russia, or outright ignoring the issue brought up. Her main avenue for scoring points on the night was through emotion. She tried it with abortion, with the typical politician tactic of telling a tale of how some random person from the campaign trail just happened to personify exactly the point wished to be made. She tried it with the use of the THINK OF THE CHILDREN angle with respect to both guns and Syria, and finally with the ‘this is not who we are’ cliche with respect to Trump’s supposed misogyny.

It listens well, but in the end it’s tired. Trump was able to bring new arguments into the fray which both bolstered his case and the case against Hillary Clinton. It still remains to be seen whether the public will see through the emotional manipulation of Clinton, however effective it may be in the moment.

Trump’s ‘Refusal’ to Accept the Result of The Election

Chris Wallace asked Trump (and not Clinton) whether he would accept the result of the election. He was also asked of it by Lester Holt at the first debate. This is a bit curious for reasons I’ll get into later. But Trump’s response is getting most of the play in the mainstream media today (H/T ZeroHedge):cvlboygxyaedl3s debate-4 debate-5 debate-1 debate-3

The media has gone apoplectic over the fact that Trump said that he’d keep us in ‘suspense,’ about how he would respond to the election results. Plenty of words were written and spoken last night about the GRAVE DAMAGE TRUMP HAD DONE TO A SANCTIMONIOUS PILLAR OF OUR 240 YEAR OLD REPUBLIC.

For a start such hyperbole and spewing of platitudes is hypocritical given the allegations that George Bush had stolen the 2000 and 2004 elections, which came from the same people who are today lambasting Trump. It was enough to make Joe Scarborough, hardly Trump’s greatest fan, laugh at the latest faux outrage:

The latest response to the ‘but Gore!’ argument from the left is now something along the lines of ‘but he accepted it!’ Yes, a month later, after it was brought to the Supreme Court. Why shouldn’t Trump be afforded that same level of skepticism if something fishy happens on election night?

That brings me to my next point, which is the James O’Keefe videos. In the last two weeks, the same leftists who are today extolling the virtues of American democracy and the sanctity of our free and fair elections have been caught on camera admitting that voter fraud is rampant, explaining step by step in detail how to perpetrate voter fraud without getting caught, and describing how to subvert democracy by inciting violence at opposition political rallies.

Robert Creamer, one of those involved in organizing those efforts, visited the White House over 340 times during President Obama’s two terms, according to White House records. Both Creamer, and Scott Foval, another one of the head honchos profiled in the O’Keefe videos, stepped down from their positions after they were exposed, a move that confirms the egregious nature of what is shown on the tapes.

In a sane world, there would be a massive investigation and this would be one of the political stories of the year. But who would look into it? The same Department of Justice which is headed by an Attorney General who secretly met with Bill Clinton in an airplane, days before a ruling was to be reached on whether his wife was to face charges? The same FBI which is headed by a Director who then verbally declared she had committed a crime but also stated there was no case? I doubt it.

The mere fact that Clinton is running for an office with the highest security clearance in the land, after provably mishandling classified information in a prior position in govenment, thus disqualifying her from access to such information ever again, is mind boggling. But thanks to the media, the DOJ and the FBI, the public has been conditioned to accept Clinton as a legitimate candidate.

In a similar vein, the constant media pushback of Trump’s assertions that the system is rigged (despite scores of prominent Democrats saying the same thing for years), and the watery-eyed appeals to the history of our 240 year Republic and its pristine elections, are potentially conditioning the public to accept what might ultimately be an illegitimate election result.

It’s not a stretch for Trump to be wary of shenanigans on election night, given everything discussed here, in addition the vociferous objections to things like voter ID and the removal of the dead from voter rolls, when the only conceivable objections to either of those things would be to commit fraud. As Scaborough said, those opposing Trump on this can bathe in the hypocrisy.

A Hillary Clinton Presidency = War With Russia

This is perhaps the most chilling, and important takeaway from the night, but it might get lost in the shuffle given the media hysteria discussed above.

The proxy war in Syria between the US and Russia has escalated in recent weeks and months, and last night Hillary Clinton reiterated her desire to impose a no-fly zone over the area, to ‘hasten the end of the conflict.’

This is in opposition to President Obama, who feels that such a move would entangle us deeper into the region, and in the face of concerns from Marine Corps General Joseph Dunford, chairman of the Joint Chiefs of Staff, who said that a no fly zone would mean war with Russia:

This was how Clinton outlined her support for the no fly zone:

A few things: Clinton noted her awareness of the ‘legitimate concerns’ of the President and the General Dunford. In fact as far back as 2013, she understood the fact that imposing a no-fly zone would create all sorts of problems and cause the deaths of scores of civilians. We know this, thanks to a Wikileaks release of her transcripts to Wall Street bankers (see page 66). Back in 2013, she said this, relating to a Syrian no-fly zone:

So we’re not as good as we used to be, but we still — we can still deliver, and we should have in my view been trying to do that so we would have better insight. But the idea that we would have like a no fly zone— Syria, of course, did have when it started the fourth biggest Army in the world. It had very sophisticated air defense systems. They’re getting more sophisticated thanks to Russian imports. To have a no fly zone you have to take out all of the air defense, many of which are located in populated areas. So our missiles, even if they are standoff missiles so we’re not putting our pilots at risk—you’re going to kill a lot of Syrians. So all of a sudden this intervention that people talk about so glibly becomes an American and NATO involvement where you take a lot of civilians. [ Speech to Goldman Sachs, 2013 IBD Ceo Annual Conference, 6/4/13]
So Hillary Clinton wants to do something – which by her admission requires at the very least the killing of ‘a lot of Syrians’ – in order to save lives.  She took the nonsensical logic a step further in that clip when she spoke of the refugees which are being displaced as a result of this civil war (which she started), and how she couldn’t just stand by watching as people got slaughtered:
I am not going to slam the door on women and children. That picture of that little 4 year boy in Aleppo, with the blood coming down his face, while he sat in an ambulance, is haunting.
Clinton is, in effect, justifying war with Russia, a nuclear power because of a humanitarian crisis created by US involvement which she led, and is using dead children as an emotional impetus to do it. Truly disturbing.

Furthermore, she believes a no fly zone, the establishment of which would lead to war, would then lead to diplomacy in which a deal could be struck. Even if this were true, how could one trust the bargaining skills of Clinton given her tenure at the State Department and her consistent failures in diplomacy with respect to the Russian reset, Libya, Egypt and more?

In the end, a vote for Clinton is a vote for war, potentially of the nuclear variety. It is shaping up to be just that simple. I’ll refer you back to the video above of General Dunford’s hearing. After he declares that a no-fly zone is tantamount to war, leaving the room in a momentary stunned silence, Senator John McCain can be heard grumbling in the background. He then takes over the discussion and angrily guilt trips Dunford for honestly answering the question he was asked, saying:

No, what he asked was should we have a no fly zone so we can protect these people form being slaughtered. That’s what he’s talking about, that’s what we’re all talking about.
Dunford immediately backs down and almost apologetically says that maybe we wouldn’t have to go to war after all. But the annoyance which McCain showed at the original answer was telling. It was as though he was upset that the real consequence of establishing a no fly zone was mentioned, by such an authoritative figure on the matter so as to leave no doubt. Note how he glibly knocks away such concerns about the no fly zone by enveloping it in humanitarian concerns, just as Clinton did last night.

It is thus ironic that Clinton has such support from leftists, despite her taking the same warmongering position as a notorious neocon warmonger. These are the same leftists who were up in arms during the Bush administration owing to the endless Middle East adventures the US embarked on. Hillary Clinton has done nothing but continue them as Secretary of State, and definitively promised to continue further last night.

Despite the fact these unnecessary adventures could directly result in nuclear war, these same leftists are not only standing behind Clinton, but have the audacity to declare that it is Trump who might get us into a war frivolously.

Clinton’s actual record of promoting just that, frivolous war, is apparently meaningless, because Donald Trump says mean things sometimes. It truly is a clown world we live in.

Final Thought

Not really a huge takeaway, but I was wrong in my debate preview about Chris Wallace. He did a good job last night, particularly compared to the moderators in the other debates. He was fair to both sides, and equally tough, which made for a substantive debate.

How this will play out on election night is to be seen, but from where I sit, the dynamic of the election is as follows: Trump is seemingly wearing a clown suit and speaking with helium gas, but what his actual words amount to the fact that two plus two is equal to four. Clinton speaks with professorial calmness and assuredness, but does so in relaying the argument that two plus two is equal to twenty-two.

It is up to the electorate to note this, and act accordingly.

Third Debate Preview:

Sundance at CTH sees it like this:

Anticipate Wallace beginning the debate thusly:

 

“There has been a lot of noise amid the election coverage with reports of groping, locker room talk, emails, WikiLeaks, investigations and such lately…. but what’s more important to the electorate are the specifics of policy and your skills to lead our nation…. as such, I’m going to ask each of you to stay away from the personal nonsense, drop the controversial gotcha talking points and speak directly to the American electorate”.

Or something similar and equally table clearing.

 

He’s then going to wonkify the debate, going directly to specific and intensely granular details about policy.  This effort will be geared toward aiding the “expert government policy candidate“, Clinton.

 

Wallace will shroud and protect his (and Murdoch’s) objectives, by claiming the intellectual high-road; all-the-while the goal is to emphasize the low-minded, non intellectual, non-policy specific vulgarian, Trump.

 

Chris Wallace will use video(s), and visual aides to amplify his approach and contrast how the “intellectual professionals” within the various intellectual policy businesses (think tanks etc.), are diametrically opposed to any disruption in the order of things.

I agree with this fully. Make no mistake – Wallace is as Never Trump as they come. He’ll be different to the pro HRC moderators of the past by trying to stick it to Trump intellectually, as opposed to outright being hostile with him like Matha Raddatz and Anderson Cooper were. Expect obscure Middle East geography, and comments such as ‘483,493 Policy experts say your position on X is wrong, why do you hold it?’

It is all meant to make it look like Trump ‘doesn’t know what he’s doing.’ Trump has to emphasize two things, if he can:

  1. Appeals to the ‘experts’ well versed in the old, failing paradigm are irrelevant because their way has failed. I have new experts who validate my view that we need to go in the opposite direction
  2. The presidency is an executive, which is a position of leadership and direction more than anything else. Trump should make the case that he has been doing that his entire life, and is in many ways born for the role. The wonky stuff is best left to those chosen to be in the trenches. The key is choosing the right people, so as to be informed properly when decisions are made.

I doubt the second point will be made, but if it can be made, it will serve as a great jump off point to pivot into the scandals plaguing HRC, from her emails, to the shenanigans exposed in the Podesta emails. The fact that HRC surrounded herself with individuals of such poor quality and integrity highlights her judgement, and should count well against her with respect to the office of the presidency.

Personally, I feel that Trump will have an excellent night if he is able to draw a clear contrast between himself and Clinton. In particular, I’d like to see him highlighting the fact that he is the candidate of American sovereignty, both culturally and economically, while she ‘dreams’ of open borders and a hemispheric trade zone. He needs to highlight the fact that he is the candidate who wants diplomacy with the Russians, while HRC and the top brass of the Democrats, up to and including HRC have been agitating for war for several months now.

This, in particular, will score points and is a possible game changer. Trump to this point hasn’t done a good enough job outlining the fact that HRC is no different to a neocon in terms of warmongering, the same way he did with the rest of the Republicans in the primary. It is not enough to go over the Iraq war, and HRC’s failures in driving us into every Middle East skirmish imaginable since. A point blank assertion that this trend of HRC to preside over American combat will continue, with Russia, a nuclear power.

It doesn’t matter how it happens, with respect to tone. Trump must establish himself as the change agent, once and for all, and leave no doubt in the mind of the voter what substantive choice awaits.

 

 

The Great Unmasking

Last month, Donald Trump caused a stir in the economic world, with his analysis of the Federal Reserve and its monetary policy during an interview he did with CNBC.

In it, he was adamant that the zero interest rate policy of the Federal Reserve had created a ‘false stock market.’ This was after last week, in which he had said that the interest rate policy had created a ‘false economy.’ His reasoning for both was that the decisions were political in nature.

According to Trump, Janet Yellen, the Federal Reserve Chair, was embarking on these policies in order to help President Obama, in order to make sure he ends his term with a positive economy.

Politics aside, the administration, and most left leaning economists have quick to point to the job numbers as a sign of the recovering health of the economy. The fact that the stock market has made fresh all time highs in 2016 has been used to tout the strength of the business community and commerce. Indeed, at a campaign rally last month, President Obama vociferously patted himself on the back for an economic job well done:

Janet Yellen, during her remarks explaining the Federal Reserve’s interest rate decision on September 21, painted a rosy picture of the economy, repeatedly citing the employment figures along with household income increases as evidence.

It is my view that these data points – mainly the employment data, and the performance of the broad stock markets – are merely masks which give the perception of strength and improvement, while concealing a deteriorating reality underneath.

The Labor Market Mask

Let’s look at the employment data.

While it is true that the unemployment rate has come down to 5%, from about 10%:

Part of that is because the labor force participation rate has declined throughout President Obama’s tenure and is at multi-decade lows:

labor-force-participation-rate

With a ‘normal’ labor force participation,  the unemployment rate would be much higher, at least 10%.

The problem isn’t just with the totality of the workforce and the employment rate, but with the types of jobs which are being created in this economy, and who is filling them. Even a cursory look at the below surface trend reveals some problems.

The following is a breakdown of the labor force participation rate by age group: (Credit to the excellent Doug Short, who is a tremendous resource with his charting)

labor-force-participation-by-age

The following chart shows the breakdown in cumulative job gains for prime age workers versus those over 55, from 2007 through August 2016:

jobs-old-vs-young

The following chart shows the cumulative gains in the food and hospitality industry versus manufacturing:

water-bartender-mfg-workers

These charts show that the labor force is getting older, and the jobs that are being created are mostly of lower quality, in terms of goods producing. The bartenders vs manufacturing chart is somewhat tongue in cheek, but it does highlight the fact that most of the jobs that are being created are in the service sector, which are less paying jobs. The jobs that are being lost are the higher paying goods producing jobs.

Also concerning is he fact that the jobs data for September 2016 showed an increase in part time jobs of 430,000, compared to a loss in full time jobs of 5,000. In addition, there was a spike in the amount of individuals who hold multiple jobs of roughly 300,000, from 7.5 million to 7.8 million. The following two charts highlight these developments:

part-vs-full multiple-oct

Put it all together, and what we have is an economy which appears to be creating low paying jobs, which are being filled by people who may already have jobs, but need second and third jobs. Or, individuals who were laid off from a full time job, and are replacing it with multiple part time jobs, at lower pay.

Regardless, these are not signs of a robust economy, and those who point to headlines touting ‘X million jobs created since the recovery’ are being duped by an attractive mask that hides a horror show.

The Asset Price Mask

But what about the stock market? Isn’t it at all time highs?

It is, but masks are present here as well. Namely, the Federal Reserve. For nearly 8 years, the Federal Reserve has been engaged in unprecedented levels of monetary accommodation, with the Federal Funds rate resting at 0% until the most modest of raises in December 2015.

That raise was supposed to be the start of an easing cycle, which many experts predicted would result in four rate hikes for 2016. However, the stock market subsequently began 2016 with the worst start in the history of the stock market. This prompted an abrupt about face from the Fed, and then the ‘experts,’ with respect to the rate hiking schedule. Four rate hikes became two, and two became one, and as of this writing there is talk that there will be none at all.

That 12% stock market sell off in the first three weeks of 2016, on the back of the Fed raising rates for the first time in 7 years, from 0% to a negligible 0.25%, is indicative of the whole story: This market lives by the Fed and dies by the Fed. Some, myself among them, would call that a bubble.

The Fed’s persistence in keeping interest rates as low as possible is ultimately rooted in its flawed belief that elevated asset prices are the key to prosperity. Consider Ben Bernanke’s 2010 explanation of accommodative monetary policy and its intended result, the ignition of the ‘wealth effect.’

This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate this additional action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.

This is a description of an economic growth model that starts with the Fed lowering interest rates, pumping money into the economy, continues with various actors in the economy increasing their borrowing, and ends in them buying assets, which increase their prices, emboldening the owners of those assets to further spend or take on more debt as a result of their increased ‘collateral.’

The hope Bernanke and all Keynesian influenced central bankers had, and still have, is that this process continues and feeds on itself, a phenomenon known as the ‘virtuous cycle.’

Indeed, the Federal Reserve has accomplished this, expanding its balance sheet from roughly $800 billion in 2008 to roughly $4.5 trillion today:

fredgraph-2

Which has led to skyrocketing corporate debt:

fredgraph-3

Which has, in part, led to a substantial rise in the S&P 500, which I will use as a proxy for ‘asset prices’:

fredgraph-4

The problem with this, the Fed’s preferred model for growth, is that continued asset price increases rely on ever expanding debt, to provide the impetus to buy. It is a simple fact that debt cannot expand in perpetuity. It is limited by the ability to service that debt, which is in turn limited by the productive capacity of the borrower in question.

With respect to corporate borrowers, that productive capacity is seen in earnings. If corporates can produce increasing earnings, they can sustain larger debt loads, which justifies the higher debt-induced prices. The following chart, of the S&P 500 index compared with earnings of the companies in that index, tells an interesting tale:

spx-earnings-vs-stock-index-price-1

In short, the continued rise in stock prices are not justified based on the diminishing productive capacity of the companies themselves. A reason for this diminished capacity is general weakness in the economy itself, evidenced by the labor market situation which was discussed earlier.

An economy in which more and more people are working multiple lower paying part time service jobs instead of higher paying full time goods producing jobs is going to be an economy in which fewer and fewer people have incomes which allow them to spend freely. These household budgets are further constricted when taking into account the fact that the Fed is trying to engineer prices higher, so as to kick start the ‘virtuous cycle’ of the ‘wealth effect.’

The math just doesn’t work. Rigid incomes lead to constrained household budgets, which do not lend themselves to increased spending at higher price points, nor do they lend themselves to increasing borrowing to spend at higher price points.

Despite this roadblock, share prices continue to remain elevated, because the continued low interest rate environment established by the Fed enables corporates to take up the burden of spending. They can borrow at record low rates, and buy back stock. Or, other investors, banks, foreign central banks and others can borrow at low rates, in order to buy elevated stock prices. The rationale here is less a belief in a prospective restoration of business fundamentals, and more in a belief that buyers will buy for the sake of buying, rendering elevated prices becoming even more elevated.

Even the Fed is worried about the developments they have created:

In the minutes of the Fed’s September meeting, released this week,some officials “expressed concern that the protracted period of very low interest rates might be encouraging excessive borrowing and increased leverage in the nonfinancial corporate sector.”

 

Despite these worries, investors continue to demand corporate debt, helping fuel a years-long rip-roaring rally in corporate credit that shows few signs of stopping. Corporate bond issuance this year is set to total $1.5 trillion, nudging past last year’s tally, according to the credit strategists at HSBC, led by Edward Marrinan. Issuance of high-grade debt is expect hit [sic] another record high this year.

 

It’s all a sign that, in the words of the bank’s strategists, “Market participants seem to be downplaying—or looking past—the risks associated with the steady deterioration in the credit fundamentals of the US corporate sector,” such as rising leverage, contracting earnings, and stressed revenues.

 

After the financial crisis, many companies focused on rebuilding their balance sheets to withstand another shock. But as the prolonged period of low interest rates continued, cheap borrowing costs prompted, well, more borrowing. Much of that went to fund shareholder-friendly activities like dividend increases and share buybacks. It also funded big mergers and acqusitions.

Emphasis mine. The preponderance of ‘shareholder-friendly activities,’ not least of which being the explosion of asset prices themselves, looks very good on the surface. Indeed, many law makers, academics, and market cheerleaders (such as President Obama) have been in a celebratory mood over the last few years, boldly declaring that the Federal Reserve’s actions had worked.

However, the divergence described by the WSJ – that the Fed itself worries about – between elevated asset prices and the fundamental deterioration of those prices is real, and cannot persist in perpetuity.

Removing the Mask

Deteriorating fundamentals cannot support the further debt burdens that are required to keep asset prices rising even further beyond these levels. And the Fed knows it. This is why they abandoned the original plan for multiple rate hikes in 2016, as that would have slowed down borrowing and thus slowed down the impetus for asset price increases.

In this manner, the market going from four expected rate hikes to now one or zero rate hikes is an effective rate cut. This is what the Fed has been relegated to, sitting on its hands and hoping a miracle happens. If they are proactive in doing anything more accommodative, such as another round of QE, they will put themselves in an untenable position. They can’t on one hand tout the robustness of the economy  yet embark on further emergency policies, such as QE would be. The situation would be exposed for all but the most die-hard believers in the Fed.

Regardless of their games, or ‘forward guidance’ as they would call it, reality will assert itself at some stage. The mask will eventually come off. How exactly it will happen is uncertain. But this situation has happened several times before in financial history. There is no escaping a scenario in which too much debt has been taken on relative to the ability to service it. All the Federal Reserve (and central banking in general) can accomplish is to push the date of reckoning out into the future. But even that does damage.

The current boom/bust episode is merely the latest in a 40 plus year credit binge following the ending of the gold standard in 1971. This has eventually led to constantly rising asset prices, which fooled the majority of the public into eschewing the idea of accumulating real savings.

Most used their home or 401k as their savings account. This was fine as long as the stock and housing markets kept rising, which they did, temporary bear market corrections notwithstanding. That all changed in 2008, when the bubble burst in earnest, and asset prices crashed.

This resulted in mass layoffs, but more importantly, many who had counted on elevated real estate and stock prices for retirement were now out in the cold, just at the moment they were ready to retire. This meant they were forced to return to the labor market, because they had built up no real savings over the preceding decades. This explains the surge in labor force participation for the over 55 segment, discussed earlier.

The under 55s have struggled to regain a foothold during this latest ‘recovery,’ still being several million jobs underwater from where they began the Great Recession. Some of this is down to competition from the over 55 workers, who flooded the market. Many of them, closed off from their former occupations, went into parts of the market usually populated by younger workers. Hence the proverbial ‘Wal-Mart Greeter.’

That position really should be filled by a 16 year old kid, working his first job and acquiring the basic skills involved with employment. Instead, the position is filled by a 60 year old who is working one of his last jobs because he didn’t accumulate savings during most of his productive years.

This phenomenon doesn’t bode well for the economy as a whole going forward. When you have an economy which is severely under-employing those who are in their peak earning years, not only is the economy not going to be moving as robustly as it should, but in the future, as those workers persist with decades of under-employment, they too will have to encroach on future younger generations as they try to get their careers off the ground. Multiple generations impaired at once.

And therein lies one of the ultimate problems with central banking, played out over decades. It, like most of government, prioritizes political expedience over longer term sustainability, papering over the cracks instead of repairing them, thus consigning the ultimate costs to be dealt with in the future.

In this greater sense, reality will assert itself here as well. The exponential increase in debt and increases in money supply papering over business cycle after business cycle can only end in a currency crisis, as it has done many times in the past. One can only hope we correct course before such an event occurs.

On Media Bias

Bias is a part of humanity, and there really isn’t anything wrong with it. Anyone who reads the stuff I write will know where I stand. I don’t hide anything. Even if you hate things like free markets, Western Civilization, the gold standard, traditional American values, and Donald Trump, you can’t be annoyed with me personally because I do not hide the fact that I support these things and tailor my words accordingly.

What people don’t like is duplicity. And for decades now, the mainstream media has been guilty of it in spades. This is because it (by ‘it’ I mean the collective of ABC, NBC, CBS, CNN and even Fox News, as well as the New York Times, Washington Post and numerous other major papers) purports itself to be objective actors who merely act as sieves, filtering the torrent of news that comes out in a particular time frame into the most pure elements.

Consider this. The average Donald Trump rally goes on for something like 60 to 90 minutes. Your average news segment runs 2-3 minutes, which includes a description of the context in which whatever rally that is being reported on is taking place in. This means that at most, 30 seconds or so of actual footage of the rally will be used in the report.

30 seconds, which is 0.8% of the rally, is what will be presented to the public as representative of that rally. So which 0.8% will be used? Will it be a substantive 0.8%, in which Trump discusses the perilous economy, or the poor trade situation, or the fact that the status quo has failed us, or the deleterious effects of Obamacare, topics he discusses in every rally? Or will a 0.8% of the rally in which he makes an off color remark, or trashes the media, or speaks disparagingly of a third party, be chosen to be presented to the public?

That decision is a matter of bias.

And the media has overwhelmingly favored the latter. It makes sense; the more ‘explosive’ elements of the Trump rhetoric makes for good TV, increased ratings and all the rest of it. It also enables blowhard pundits the space to excoriate Trump for ‘failing to stick to the issues,’ as they declare his candidacy dead on a nightly basis.

Karl Rove did exactly this on Friday night. He was on the O’Reilly Factor, which I had on in the background and he cited the recent declaration by Minnesota that Obamacare was no longer affordable in his state. He went on to wail about OH MY DAYS WHY ISN’T TRUMP HAMMERING THIS INSTEAD OF TALKING ABOUT SEX SCANDALS THIS IS WHY HE IS GOING TO LOSE!

Rove must have missed Trump making that exact Obamacare point 24 hours prior, to his 12 million Twitter followers.

He must have missed Trump bringing it up in all of his rallies over the last few days. This is par for the course for the media coverage of Trump. They’ll take a quip about ‘second amendment people’ here, and a tweet about Alicia Machado there, and spin it into the idea that Trump spends 90 minutes talking to the tens of thousands at his rallies about nothing other than these side topics.

And the media wonders why it is so disliked.

But it goes far beyond this. The entirety of the mainstream news media has been against Donald Trump’s candidacy since the start, with the exception of a handful of personalities on Fox News. This is because Trump’s campaign represents a real challenge to the status quo, which the media is a part of.

Republicans in general receive less than favorable coverage from the press, but Trump has been on the receiving end of an intense all out blitz.

Since the conventions alone, the media has overblown ‘scandals’ such as the Khan family fiasco, the ‘second amendment people’ comment, Trump’s ‘dark’ convention speech, ‘Babygate,’ joking about Russia being involved in finding Clinton’s emails and more. Not to mention the Judge Curiel drama, the NYT story in May about Trump’s behavior regarding women, and the release of 3 pages of his 1995 tax release.

All of these episodes have been played up to ‘confirm’ the media’s preconceived notion that Trump is racist, sexist, homophobic, Islamophobic, xenophobic and generally unhinged. These sagas were given wall to wall coverage on cable news networks, replete with panels of 6 and 7 pundits to go over every last syllable Trump uttered, and in what intonation, so as to properly understand the level of bigotry therein.

Despite all of that huffing and puffing, none of it really worked. Trump stayed in the game, and was even thriving, when most GOP candidates would have folded at even one of these many ‘scandals.’

The ante had to be raised, and the media was ready to oblige. At the end of the first presidential debate, Clinton brought up Alicia Machado, former Miss Universe winner, in an attempt to put a face to the ‘Trump is a Sexist’ talking point. It was buttressed by glossy puff pieces in several outlets, and a tour of interviews for Machado across the major networks.

A cursory dig into the idea of Machado as an avatar for Trump’s ‘sexism’ blew the whole thing apart: Trump was nothing but gracious to Machado in what was a difficult time for her, and it was he who saved her job. The allegations that Trump’s ‘abuse’ led to her having an eating disorder was proven false when it was discovered that prior to having even met Trump, she had been quoted talking about dealing with those struggles. And this is all before any mention of her extremely seedy past, which includes drug lords, murder, and judge intimidation.

Yet when Trump, who was 100% in the right, merely defended himself from the allegations strewn at him by the Clinton campaign, the media turned around and portrayed him as some sort of crazy man who stays up all night plotting to eviscerate poor helpless Hispanic women he doesn’t like.

These sniveling, underhanded tactics are why the media is so disliked, and now outright hated by many in the public. The media seems to expect a one way street when it comes to their relations with anyone: they dish out the abuse, and the recipient is expected to stand there and take it, and even be grateful for the attention. That Trump refuses to sit there and take it seemingly vexes the media. Already being used to bullying Republicans, Trump’s resistance been met with blatant hostility dripping with contempt from some quarters of the media.

Yet, they still proclaim objectivity.

This dynamic has escalated in the past few days, after Trump spoke at length about the media and its duplicitous role in this election. He portrayed the media as being part of an establishment, alongside the large corporations, financial institutions and politicians which seeks to rob the US of its sovereignty. The media has gone apoplectic over this speech, immediately inventing dark implications:

Just to make his pedigree clear, Donald Trump is now suggesting that Hillary Clinton “meets in secret with international banks to plot the destruction of U.S. sovereignty, in order to enrich these global financial powers, her special interest friends, and her donors.”

 

What was it the Nazis called the Jews? Oh, yes, “rootless parasites,” that’s it. For Stalin they were rootless cosmopolitans.

 

Just saying.

Despite no mention of Jews in any way, the media has gone into an convulsion, comparing Trump to Hitler and Stalin. Meanwhile, Trump had been referring to this, a release from the recent Wikileaks Dump:

Hillary Clinton Said Her Dream Is A Hemispheric Common Market, With Open Trade And Open Markets. “My dream is a hemispheric common market, with open trade and open borders, some time in the future with energy that is as green and sustainable as we can get it, powering growth and opportunity for every person in the hemisphere.”  [05162013 Remarks to Banco Itau.doc, p. 28]

What we have there, is Hillary Clinton, meeting behind closed doors with an international bank, discussing her ‘dream’ of a ‘hemispheric common market,’ which would necessarily be the end of American sovereignty economically, which would ostensibly be to the benefit of said international bank to whom she spoke.

In other words, relaying facts is now Antisemitic. And as stated before, to merely challenge the histrionic media in this manner is to invoke despair in the media themselves. Ironically, this reaction only serves to buttress Trump’s point – in feverishly defending the parties involved, they take the side of the establishment.

In general, when attacked, the knee jerk response of the media has been to wrap itself in the First Amendment, blubbering on about how important a free press has been to the fabric of America, and how necessary it is to prevent a tyrannical government.

That is, of course, unless that government is populated with leftists and Marxists of all stripes, as it has been for decades. In this case blatant corruption can be tolerated because to continue to press (heh) on would mean beating a dead horse or perhaps neglecting a different story about the latest mean thing Trump said, which could generate more clicks.

In short, the press is not doing its job, but is instead focusing on the molehills that are Trump’s manufactured scandals, simply because they could favor their preferred candidate. Google search trends tell a different story. It suggests that Wikileaks dwarfs Trump Sex scandals, yet is the latter which dominates media airwaves.


screenshot-from-2016-10-15-10-05-42

This discrepancy, between what the people care about and what the media is covering, should say it all.

Brian Stelter of CNN perhaps best crystallized the reason for growing media antipathy in this reaction he had to the Trump speech from last week:

For a long time, people treated Donald Trump like he was a joke. Right now, it’s a very serious drama. That speech was paranoid and that speech was dangerous. It was a speech driven with hatred. A speech driven with contempt. Railing against bankers, and corporations, and the media, and this grand conspiracy that somehow he has only been able to connect the dots of. It sounded a lot like a dog whistle to a lot of people.

 

If there is violence and unrest after election day, I think we now know why based on the hatred dripping out of that man’s mouth.

Stelter’s words can be taken as representative of most media types. The same media types who have dealt in paranoia as they saw Antisemitic Nazism in Trump’s statement of fact regarding Hillary’s Wall Street speeches. The same media types who never cease to refer to Trump as a bigot, racist and idiotic, defending Clinton’s assertion that his supporters are ‘deplorables,’ mostly uneducated losers. All of this hatred and contempt, for having the temerity to express views in opposition to the status quo.

These are the same media types who have justified violence against Trump and his supporters, and openly talk about purging what Trump represents from America entirely. It seems as though that advice has been taken to heart, as last night a GOP office in North Carolina was firebombed. On the side of a nearby building, the words ‘Nazi Republicans, leave town or else.’

When you spend month after month labeling a man who disagrees with your agenda as Hitler, frames these disagreements as the end of democracy and those who support them as deplorable, such that violence is an acceptable response, we shouldn’t be surprised when we get it. It is Trump supporters whose property is vandalized, and who show Trump support threatened at rallies. Indeed, it is official Democrat policy in some areas to create a ‘psychological environment unfavorable to such displays.’

Yet the media claims it’s Trump with hate and violence ‘dripping’ from his mouth. In short, Stelter, and the media at large are projecting. They have proven themselves to be crybullies, stabbing you in the back before moving to seek damages because they sustained a cut in the process. As such their dramatic protestations of Trump’s ‘chilling’ rhetoric ring hollower and hollower as time goes on.

The American Revolution, 2.0

For those who control the levers of power in Washington, and for the global special interests they partner with, our campaign represents an existential threat. This is not simply another 4-year election. This is a crossroads in the history of our civilization that will determine whether or not We The People reclaim control over our government. – Donald Trump, 13 October 2016

 

On 21 December 1989, Nicolae Ceausescu, Romania’s Communist leader, addressed the public in a speech intended to restore calm. He promised the workers increased social benefits, including a raise in wages, and declared that the casualties in Timisoara from a few days earlier were the result of foreign agitators who wished to undermine the sovereignty of Romania. He called upon the people to stand and fight against these agitators.

Ceausescu was jeered. The public knew the truth, and Ceausescu and his wife Elena would be executed four days later.

That truth was that the government had ordered the military to fire on civilians engaging in a protest in the city of Timisoara on 17 December. The protest was over an order of eviction for Laszlo Tokes, a Protestant Bishop, for speaking out against the injustices the Romanian government had perpetrated on its people.

Thousands protested, surrounding Tokes’ apartment, engaging in demonstration. This was eventually met with gunfire, from the military on its civilians. This act sparked a nationwide Revolution, which culminated in the overthrow and execution of the Ceausescus.

Though the situation in 2016 United States is much different on the surface, there are many parallels to be drawn with the situation in Romania circa December 1989. Whereas the Romanian people were suffering under the economic failure that is communism, the American people of 2016 are suffering under a similar economic failure that is best described as corporatism. In both cases, an undercurrent of dissent had been created among the masses. In Romania, it ended up becoming a wave which overwhelmed the elites. It remains to see what happens in the United States.

If nothing else, the Trump campaign should have alerted even the most dim witted among us to the fact that there is a global establishment/elite, and they exist solely to keep themselves enriched and in power. This establishment,despite the existence of conservatives, has only succeeded in driving the country Leftward. Previously, this view was the province of ‘wingnuts,’ purveyors of ‘conspiracy theories,’ and increasingly, anyone who leans right.

Consider the following from Angelo Codevilla, in his piece After the Revolution:

In today’s America, a network of executive, judicial, bureaucratic, and social kinship channels bypasses the sovereignty of citizens. Our imperial regime, already in force, works on a simple principle: the president and the cronies who populate these channels may do whatever they like so long as the bureaucracy obeys and one third plus one of the Senate protects him from impeachment. If you are on the right side of that network, you can make up the rules as you go along, ignore or violate any number of laws, obfuscate or commit perjury about what you are doing (in the unlikely case they put you under oath), and be certain of your peers’ support. These cronies’ shared social and intellectual identity stems from the uniform education they have received in the universities. Because disdain for ordinary Americans is this ruling class’s chief feature, its members can be equally certain that all will join in celebrating each, and in demonizing their respective opponents.

This is why Obamacare was jammed through Congress and upheld by the Supreme Court despite being unconstitutional, this is why Paul Ryan passed Omnibus, why the DNC rigged the Democratic Primary against Bernie Sanders.

This is why, the day after Americans celebrated the 240th anniversary of the Declaration of Independence, the FBI declared Hillary Clinton had basically committed a crime, but didn’t really, and thus wasn’t going to press charges. Beyond this, the mere optics of the situation say quite a bit. If chargers were to be pressed, the FBI would have had to put President Obama on the stand, who then would have had to either tell the truth, condemning Clinton and thus handing the presidency to Trump, or perjuring himself and risking all that came with that.

To avoid that catch-22, the FBI did its best to botch the case, handing out immunity to anyone with a pulse, and even allowing key evidence to be destroyed. Their goal was to make the whole case go away, cementing the idea that the elites exist to protect the elites.

This explains why Clinton, two months later, called half of Trump supporters ‘deplorables’ and ‘irredeemable,’ essentially excommunicating them from America. The mainstream media, the mouthpiece of the establishment, enthusiastically agreed with Clinton, like it agrees with and defends the establishment position generally.

The Leftward March

Despite the fact that ‘communism’ is still a dirty word in America, its elites have not shied away from borrowing the tactic of suppressing dissent, dissent against the Leftward March in particular. Codevilla provides insight as to some of the changes that march has inflicted on America over the last five decades or so:

Fifty years ago, prayer in the schools was near universal, but no one was punished for not praying. Nowadays, countless people are arrested or fired for praying on school property. West Point’s commanding general reprimanded the football coach for his team’s thanksgiving prayer. Fifty years ago, bringing sexually explicit stuff into schools was treated as a crime, as was “procuring abortion.” Nowadays, schools contract with Planned Parenthood to teach sex, and will not tell parents when they take girls to PP facilities for abortions. Back then, many schools worked with the National Rifle Association to teach gun handling and marksmanship. Now students are arrested and expelled merely for pointing their finger and saying “bang.” In those benighted times, boys who ventured into the girls’ bathroom were expelled as perverts. Now, girls are suspended for objecting to boys coming into the girls’ room under pretense of transgenderism. The mainstreaming of pornography, the invention of abortion as the most inalienable of human rights and, most recently, the designation of opposition to homosexual marriage as a culpable psychosis—none of which is dictated by law enacted by elected officials—is enforced as if it had been.

Let’s step back for a moment. One of the defining characteristics of this multi decade Leftward March has been the replacement of Christianity with a sort of secular atheism. This secular atheism is a religion in its own right; the Father, Son and Holy Spirit have been replaced by Equality, Fairness and Diversity. The seven deadly sins of this new religion are sexism, racism, Islamophobia, homophobia, nationalism, Anti-Semitism and Judgmentalism.

As I’ve written before, these new deadly sins are the vector through which societal control is meted out by the elites. Furthermore, the thresholds for committing one of these sins are continually lowered such that the only narrow band of thought and behavior which is acceptable is complete acquiescence to the most cutting edge of Progressive views at the time.

In 2016, the Current Year, the proles who enthusiastically support the modern tenets of leftism – such as transgender acceptance – are on the Right Side of History and can feel comfort in the fact that they are Good People.

The problem arises in the future. As Codevilla describes, things that were once unthinkable or taboo can commonplace and normal in a short period of time, and one was bandied as a bigot if one did not fully accept those changes. In the same way, a Goodperson in the Current Year 2016 may find himself or herself faced with a new test for Goodpersonhood in a future Current Year – namely the complete acceptance of things such as incest, pedophilia, or bestiality, for example.

Balking at such a test, and refusing to accept those things as normal may brand one a Bad Person, worthy of the same social ostracism one was eager to foist upon someone who wanted to stop illegal immigration in 2016. This is the ultimate flaw with leftism, in all of its guises – it’s a never ending race to the bottom which runs counter to human nature. As a result, any and all manner of Stasies, dictatorial iron fists or Twitter Trust and Safety Councils are needed to perpetually shield the March against gripping reality.

Ultimately, reality and truth win out, and the hope is it happens before there is some sort of terminal crisis. Trump’s candidacy, and concomitant movement is in may ways is that Enough is Enough moment. An email from Bill Ivey, former Clinton official, to John Podesta, Clinton campaign chair, part of the Podesta Email dump released by Wikileaks, suggests that the elites understand what is happening. Part of it reads:

 …And as I’ve mentioned, we’ve all been quite content to demean government, drop civics and in general conspire to produce an unaware and compliant citizenry.

 

The unawareness remains strong but compliance is obviously fading rapidly. This problem demands some serious, serious thinking – and not just poll driven, demographically-inspired messaging.

‘Poll driven, demographically-inspiring messaging.’ Aka playing on the seven deadly sins, which mostly involve demographics. With these two paragraphs, the entire leftist modus operandi is laid: Divide people up based on their individual characteristics, and then deliver targeted messaging based on each characteristic in order to stir emotion. Once that emotion is stirred, it can be directed towards the end of voting for leftists.

Hence the constant barrage of ‘Trump is racist, Trump is sexist, and so forth.’ This email, written in March, reveals that even then Democrats had been concerned that their standard messaging wasn’t working, as evidenced by an admitted rapid fading of compliance. Ivey recommends ‘serious thinking’ about how to restore such compliance.

All Out War

It is not a stretch to imagine that the smear campaign waged against Trump over the last week constitutes a the sort of escalation in tactics required given the failure of run of the mill ‘demographically-inspiring messaging.’

Rationally speaking, the Billy Bush tape simply displays an alpha male engaging in crude, vulgar sex talk, which while disturbing to some, is a rather accurate commentary on sexual relations. Anyone who tries to intimate that high status men do not have ‘leeway’ with women that does not apply to ‘regular’ men is at best a liar.

The women involved in the latest sexual harassment charges against Trump highlight a different, more pernicious issue. At the second debate, during discussion of the Billy Bush tape, Anderson Cooper asked Trump multiple times if he had ever sexually assaulted a woman in the way that was described on the tape. Never mind the fact that on that tape, Trump declared that women LET him touch them, owing to his star status.

Cooper asked Trump multiple times in succession, as if to warn Trump that he better be careful how he answered. That exchange was the green light for the parade of sexual assault accusers that followed. That this sort of thing was so predictable immediately raised questions. Beyond that, a few of the accusers have had holes poked in their stories since the start. It appears that at least one of them might be a Clinton plant.

Summer Zervos, the woman who nearly broke down in tears while reading her account of an alleged assault has had her account rebutted by her cousin, who claims she spoke highly of Trump until April of this year:

“I am completely shocked and bewildered by my cousin, Summer Zervos, and her press conference today. Ever since she was on The Apprentice she has had nothing but glowing things to say about Mr. Trump. For almost a decade, my cousin would talk about how much she looked up to Mr. Trump and viewed him as an inspiration – a success story she wanted to copy. Summer would also talk about how kind and caring Mr. Trump was on the show, and how he would even visit children in hospitals without telling the press. She has praised the good things he’s done for her life, and in fact she converted her friends and our family to become Trump supporters even though we’ve never been active in politics before.

 

“That was until Summer invited Mr. Trump to her restaurant during the primary and he said no. I think Summer wishes she could still be on reality TV, and in an effort to get that back she’s saying all of these negative things about Mr. Trump. That’s not how she talked about him before. I can only imagine that Summer’s actions today are nothing more than an attempt to regain the spotlight at Mr. Trump’s expense, and I don’t think it reflects well.” – John Barry, Mission Viejo, CA (first cousin of Summer Zervos)

That should make for an odd Thanksgiving gathering for sure.

Jokes aside, these allegations beg the question: How is it that a man who has been at the center of media attention for 40 years, a time during which countless women were in his orbit, having had no charges of sexual assault during that time, is now all of a sudden is bombarded with a torrent of charges of sexual abuse by an Establishment which is mere weeks from possibly losing the Presidency to that same man who has an agenda destructive to that same Establishment?

Given such a question violates multiple deadly sins, do not expect it to ever be posed, let alone answered, by anyone other than Dissidents of the Leftist March.

Indeed, those on the right, the GOP establishment types in particular, were lightning quick in not only denouncing Trump’s comments on the Bush Tape, but outright withdrawing their support for his candidacy. In doing so, they highlighted what most people already suspected, which was that they never really supported Trump, and were looking for any excuse to jump off the train.

There were even internet rumblings that the source of the Bush tape was an operative from the Romney/Paul Ryan camp, which is unconfirmed at the time of this writing, but plausible given the rapidity and coordinators of the disavowals from GOP establishment Republicans.

This facet of the saga is particularly interesting, given the timidity shown by  GOPe Republicans such as Paul Ryan in standing up to anything Obama and the Democrats have attempted to do. The acceptance of the farce that is condensing  an entire budget into a single bill, which therefore just has to be passed so as not to avoid the ‘disgrace’ of shutting down the government. Meanwhile the budget is usually chock full of goodies handed out to special interests. GOPe and Democrat voices are the first to trot out the old lines about children and the sick elderly suffering because of political grandstanding. In actuality, they are preying on normal human compassion to force through handouts to their friends. It is the singular establishment mindset at work.

Even if Trump were to win, Ryan would be one of Trump’s biggest enemies in Congress. This is because Trump’s nationalist agenda is in direct contrast with Ryan’s corporate donors, who have installed him to push through legislation such as TPP, among other things. On a personal level, there is the observation that Trump, a political neophyte, came into the GOP and immediately shot to the top of the food chain. Ryan, on the other hand, has paid his dues for nearly two decades, climbing up the Party ladder. In a GOP which is all about order, and the ‘next guy in line,’ Ryan had placed himself in pole position in terms of a GOP nominee for 2020.

In the high likelihood he does harbor Presidential ambitions, Ryan would have every reason to combat Trump, and more broadly Trumpism, given Trump’s election would render his political career a huge waste of time. In other words, the ascendancy of Trumpism would simultaneously bring about the death of GOP RINOism. This fight is a fight for survival, and as such it is bound to be very dirty and very intense.

As mentioned earlier, it is not confirmed that GOPe players were behind the leak, but the fact that Billy Bush is the cousin of one Jeb Bush has done little to quell that speculation. Even if there was nothing nefarious, the sharp and swift abandonment of Trump by prominent Republicans, as well as the wall to wall coverage given to every Trump controversy by the media, and culminating with this train of sexual assault accusers, has ended up possibly, almost incredibly, having the effect of turning Trump into a victim. Trump seems to be latching on to this point in his latest speeches, in particular the speech he gave yesterday afternoon in Palm Beach:

The establishment and their media enablers wield control over this nation through means which are very well known. Anyone who challenges their control is deemed a sexist, a racist, a xenophobe, and morally deformed. They will attack you, they will slander you, they will seek to destroy you career and your family. They will seek to destroy everything about you, including your representation.

Trump has been transformed from the Big Bad Racist Wolf to Laszlo Tokes, a dissident who saw the guns of the government turned on him for merely saying out loud what most people had already known to be true. With each attack, each slander, each new accuser who comes out of the woodwork at the most convenient of times, the idea that the elites are trying to screw over Donald Trump, the representative of The People, grows stronger.

Overplaying Their Hand

Much like the thousands who formed a ring around Laszlo Tokes’ apartment in 1989, many are doing the same for Donald Trump. It started last weekend with Paul Ryan getting heckled by his own constituents in Wisconsin, and continued that afternoon when an impromptu rally took place outside Trump Tower. When Trump came down to greet the throng of supporters, there was momentary pandemonium on the streets. It has continued all week on social media and message boards, which have become the true vanguard of the culture war underpinning this election.

And yet, the establishment, the media in particular, does not understand any of this. Throughout the multi decade Leftist March, all that was required of the press to take down a Republican was a middling scandal. An affair with a staffer, some dodgy tax returns, a questionable comment about minorities or the poor, you get the idea. These sort of things were then megaphoned into the public conscience until the offender got on his knees, groveled and begged for forgiveness. The moment that happened, the game was up, for the penalty for committing a deadly sin in politics is the death of one’s campaign.

Donald Trump has endured literally dozens of these sort of ‘controversies,’ big and small, without folding. It is not only a testament to his fortitude, but a stunning rebuke to the argument put forth by some conservative commentators that literally any other GOP candidate would have beaten Hillary Clinton. A ‘normal’ GOP candidate would have also been susceptible to ‘normal’ campaign ending takedowns from the establishment media. It’s that simple.

Having had dozens of their attacks fail over the course of the campaign, the establishment media has responded by going even harder than before. Indeed, the authors who introduced the most recent sexual assault accusers in the New York Times earlier this week, Megan Twohey and Michael Barbaro, were the same authors who wrote a piece in May which attempted to portray Trump as a serial abuser of women in the work place and his private life. Less than two days after that story dropped, the principal subject of the story was on TV refuting those implications and said that Trump treated her like a gentleman during the time they dated.

If at first you don’t succeed, try, try again.

Except, at this late stage in the game, the increasing intensity and fervor of these accusations, which seem to increase by the hour, starts to feel more and more like desperation. It starts to feel like the lady doth protest too much. It starts to feel like the boy who cried wolf. Especially when it comes from the media, which has overwhelmingly lost the trust of the public, owing to its lies and obfuscations. Furthermore they’ve shown an unwavering commitment to pushing the same Political Correctness line at the exact time that is falling out of favor with more and more people. It is all done to secure the continuation of the Leftward March, but its casualties are exactly the victims this march purports to save.

To wit, in (possibly) drumming up charges of sexual assault against Trump for political gain, they have potentially done great damage to real sexual assault victims by trivializing the charge. This is in the same vein other ‘deadly sins’ such as racism and homophobia have now been rendered worthless by the ever expanding actions which now can be covered by those terms.

As a result, the media will be fundamentally altered, for the worse. A Trump victory means the death of legacy media. A Clinton victory means they go on as loyal Clinton/establishment servants for a time, but the last shred of legitimacy it had in the eyes of the people will be lost. More ominously, the media will have completed its transformation from mere dishonest advocates, to outright enemy combatants in the coming conflict.

On this conflict: it is only a matter of time before the public turns against the Leftward March and rises up to defeat it, as the Romanian people did to the communists in 1989. The most obvious event that will usher this home in America is the election of Donald Trump. If Trump does not win, the situation will be a bit murkier.

There is a school of thought that a Clinton presidency will be compromised, owing to the fact that it was so hotly contested. The ongoing Wikileaks saga and the obvious fact that she was allowed a free pass by the FBI  would render her a very weak president in the eyes of many.

I disagree with this view. I believe that Clinton does not care how she attains power, as long as she gets it. She will note the fact that the country was ‘so close’ to succumbing to fascism as a pretense for implementing fascist tactics herself, under the guise of ‘anti-fascism.’ We’re talking executive orders out the wazoo, major restrictions on the second amendment, and explicit declarations of ‘seven sins’ violations as criminal. In other words, the Leftward March will proceed at warp speed, having been motivated by the near death experience that was Donald Trump.

Given the fact that at least half the country already protests the massive, fundamental transformation of America, an acceleration of it has potentially explosive implications, up to and including war. Unfortunately, that is the only resolution when differences that are this stark exist among the populace.

The most likely scenario is that the massive war the establishment is wishing to ignite with Russia comes to pass, and the country is instantly ‘united’ in that manner. It is my view that an escalation with Russia is almost a certainty should Hillary Clinton win. Her record is no different to your run of the mill neocon who worships the military-industrial complex. She, like them, supported all American adventures in the Middle East, and supports American actions in the proxy war with Russia in Syria. She, like them, is quick to label Putin as the new Hitler (during the 5 minutes a day that comparison isn’t being made about Trump).

Trump, on the other hand has dared to put forth the idea that diplomacy with Russia is possible, and that the two nations could even be allies. The Russians agree, saying that a vote for Hillary is essentially a vote of nuclear war.

Conclusion

None of this matters however, because Donald Trump once talked about what women would LET (let, as in allow, as in consent to, LET) him do with their private regions.

This is what it has come to, unfortunately. A culture ground down by decades of cultural Marxism has allowed tabloid gossip, salacious drama, feelings and smear campaigns to supersede discussion of substantive issues, like the prospect of nuclear war. And for this we claim to be an enlightened and forward thinking generation.

Unfortunately, because we have declared ourselves so enlightened, we are also above learning anything from the multitudes who walked this earth before us. The Leftist March is all about that idea: that whatever feels good in the present IS good solely because it is in the present. History is to be ignored, which is why leftists always talk about progress as if it is a linear thing. We can’t go ‘back’ to the old way, they constantly tell us; we must keep moving ‘forward,’ even if that means straight into a buzz saw.

It is not a stretch to say that the modern slavish devotion to the Leftward March, ostensibly in the name of a constructive inclusiveness, may ultimately usher in the use of perhaps the most destructive force ever known to man, nuclear weaponry. Future historians will look back with amazement at how stupid we were to allow things to get to this point in the first place.

But for now, YOLO.

 

‘America Deserves Better’

After the debate last night, one of the more common refrains was that America deserves better, America can do so much better, or the American People were the losers of this debate, and similar sentiments.

The simple answer is this: No, America does not deserve better.

Andrew Breitbart once said that politics is downstream from culture, so if one is wondering why our politics are in the gutter, the first place to look is upstream at the culture.

And what you’ll find there is a culture which has been in decline for decades now.

Earlier this morning, the Wall Street Journal had this piece about the debate in which the following was written in response to the outrage over the Trump Tapes last Friday:

Our email inbox is filled with Republicans saying this is a double standard because while Mr. Trump may talk like a lout, Bill Clinton acts like one and Hillary Clinton enables him. Oh, and Democrats still revere JFK, who was a sexual predator in the White House.

 

This is all true, and it is a bit much to see the same liberals who said Mr. Clinton’s actual exploitation of an intern was merely about sex, or who called Paula Jones trailer trash, now wax indignant about Mr. Trump’s bragging. The same moralists who celebrate misogyny in pop music and a sex-crazed culture are also conveniently outraged by a man who was marinated in that culture before he entered politics.

This is spot on. We have a culture which celebrates autotuned, dumbed down music as fine art, has no qualms with the ubiquity of pornography, and eschews personal responsibility, whether that be in the realm of our diets, our commitments to marriage vows, or any hardship which may befall us. We’ve gone from scoring a touchdown and handing the ball to the ref and high-fiving our teammates, to grown men twerking in the endzone.

I don’t say this to make judgements, as I’m far from perfect in any of these matters. I only say this to highlight the fact that a culture with an eroding morality, while at the same time allowing everyone with a pulse to participate in the political process, is going to end up with nothing more than mudfights.

If everyone is granted the same rights to vote, the only way to win over a majority is going to be through an appeal to emotion, going down to a base level which all of us can relate to regardless of our individual variations in intellect and education.

This is something many have failed to understand, particularly when analyzing Donald Trump. Based on your competitive college debate rules, Trump probably hasn’t won any of the debates he has participated in throughout this election cycle.

Actually, let me rephrase that.

Based on pre-cultural decline competitive college debate rules, Trump hasn’t won any of the debates he’s been in.

That isn’t because he doesn’t possess the intellectual rigor to debate on that level. It’s because he possesses the intellectual rigor to understand that the current electorate, with its almost negligible attention span, has no time for nuanced policy discussions.

Barack Obama didn’t win his candidacy in 2008 because he flawlessly opined about the intricacies of Wall Street regulation and cap and trade. He won because he kept saying ‘Hope and Change,’ and this tapped into an emotional vein commonly felt among millions of people. That was what carried him to the presidency.

The chattering classes understood this to a large degree back then (recall Chris Matthews tingling leg), but this time around they want to judge Trump on a highly technical policy wonk basis.

The rise of the ‘fact checker,’ more aptly described as pedantic geeks with little grasp of normal human expressions, such as sarcasm and facetiousness, is emblematic of the punditry missing the mark.

Nobody gives a shit if Trump ‘lied’ by saying that Clinton ‘acid washed’ her server, when she actually used ‘BleachBit.’ The point is that she tried to destroy evidence of wrongdoing, which itself constitutes wrongdoing. The ‘fact checker’s’ subsequent attempt to declare the entire argument invalid on such technicalities would be laughable, but for the fact these positions are elevated to legitimacy by a media pushing an agenda.

That Trump relentlessly blows through these sort of ‘fact checks’ is to them evidence of the absence of intellect in the Trump campaign as a whole. The reality is that Trump understands that disseminating truths and half truths with a dose of emotion embedded is far more effective.

If we’re going to have a culture which embodies the Marcuseian dictum of ‘whatever feels good is good,’ we shouldn’t be surprised that our politicians have evolved to be world class liars who specialize in lying to the public, ensuring their stranglehold on power by playing to that feelgood element.

Any politician who is honest, and was prepared to be principled on things such as the unsustainability of entitlements, wouldn’t last long in the politics game. So those lamenting the reality show nature of this election, I’d submit this: If you really want a Lincoln-Douglas level of debates, you need a Lincoln-Douglas electorate, with a Lincoln-Douglas grasp of the English language, and a moral and intellectual pedigree befitting that level.

Until you get there, stop moaning, and stop promoting cultural changes which advance the dumbing down of society.

 

 

 

Second Debate Review – Always Darkest Before the Don

Last week, speaking at a rally in Colorado, Donald Trump said the following, recounting his trials and tribulations during the early 1990s real estate crash:

In the early 1990’s, they splashed the front pages with stories about how Donald Trump — me, they said I was finished. Everyone said I was done. There were front page articles in the Wall Street Journal and New York Times, among many others. They were thrilled and delighted.

 

The only person that didn’t think I was in trouble was a guy named Donald J. Trump. I didn’t think I was in trouble, I didn’t know what they were talking about. The power of positive thinking.

The last 48 hours have been full of similar howls of glee from the mainstream media declaring the end of the Trump campaign, following the hot mic tapes from 2005. The GOP was pulling funding, countless Republican congressmen disavowed Trump. Pressure was on for Trump to drop out of the race. Pence was rumored to have wanted off the ticket. Paul Ryan invited Trump from an event in Wisconsin. The end was nigh.

This would have been true if the candidate was your standard GOP Republican. He would have folded and begged for forgiveness. Not Trump. Trump is made of different stuff, and he showed that in this debate tonight. He won, and won handily. This was evidenced by most of the mainstream media, predisposed to a Clinton victory, being forced to declare that it was a draw. Here are my thoughts, in no real order:

  1. The Bush tapes, and the subsequent framing of Trump as the ultimate misogynist opened the door for Trump to bring up the skeletons both Hillary and Bill Clinton have in this arena. Having said that, Trump was walking a fine line. If he went nuclear and reduced Hillary to tears, he’d have lost the argument, despite being right on the facts. When the debate started, Trump was rather ‘soft,’ apologizing for his comments on the hot mic, but reiterating that it was merely locker room talk. If it was up to Trump, it would have been left there. Even when Anderson Cooper outright accused him of sexual assault, Trump remained cool and stuck to his message. Clinton raised the stakes when she went on a lengthy soliloquy insinuating Trump was a bad person. Trump had no choice but to respond.

1a. Trump’s escalation was almost flawless. He established the point that words are meaningless, compared to actions. He then calmly went through the sordid history of Bill Clinton, and Hillary Clinton herself, acknowledging that their victims were present in the audience. (This was an absolutely devastating move by Trump. Bill Clinton, upon entering the venue looked as though he was walking to face a firing squad. Hillary was clearly unnerved early on in the debate as well.) Clinton had no answer for this. Trump threaded the needle by being forceful without coming off as a bully.

2. One of the most important lines of the night was when Trump checked the moderators, Anderson Cooper and Martha Raddatz, two obvious Clinton fans, with the quip ‘one on three,’ referring to the fact that both of them were on Clinton’s side. One of the themes I’ve been harping on is that the coordinated attacks on Trump from the media and political establishments would only be effective to a point, because the ganging up on Trump would end up with him looking a victim. There was a clear change in the way the moderators behaved after that. To be sure, they were argumentative with Trump and interrupted him more than Clinton. But Trump completely nullified any sort of future ‘gotcha’ moment or ‘fact checking’ crusade the moderators had planned because he subtly put it into the mind of the viewer that everyone was against him. Incredibly effective.

3. The Wikileaks and Email portion of the debate was probably the highlight of the night, and should Trump go on and become President, some of those clips will be replayed for decades. In response to a question about Clinton’s Wall Street speech transcripts, in which she said that politicians should have public and private positions on things, she gave the following answer:

Trump followed it up with this:

From this point on, Trump was unstoppable.

4. I suspect the media will run with this moment more than anything else in the coming hours and days:

Even in the comments to that video, there are charges of ‘fascism,’ because Trump is promising to go after Clinton should he win. These accusations couldn’t be further from the truth. Why that is would be too lengthy to get into here. Suffice to say that most of those on the left and GOPe accusing Trump of fascism are merely projecting. It’s Trump supporters who are getting beaten in the street, having their property vandalized and threatened, merely for being Trump supporters. It is Trump himself who is facing all sorts of dirty tricks from all angles, merely because he stands in opposition to and is a real threat to the establishment power dynamic. He put the fear of God into them all with that remark.

The theory that Hillary Clinton was never prosecuted by the FBI was because if Hillary went down, the whole power structure of the Beltway Elite were coming with her looks more plausible by the day. You can rest assured that Barack Obama will pardon Clinton before he goes, and Trump will actually clean DC.

5. Trump was at his weakest when talking about Syria. He is fundamentally right, mind; the Russians are not our enemy, despite Clinton’s protestations throughout the evening. Trump’s problem was more stylistic in nature. He was rambling a bit too much for my taste. He was correct to blatantly disagree with Pence’s position. Pence holds the incorrect GOPe and Clinton view that the Russians are our enemy. Even though that will be another big talking point on TV, he was right to stand his ground.

6.  Further evidence that Trump won handily came in the shape of CNN being caught rigging an ‘unbiased’ focus group after the event:

It also released a ‘scientific’ poll made up of 58% Clinton supporters.

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Again, they came right out and declared that the polling group was made up of 58% Clinton supporters, and declared with a straight face that this ‘scientific’ poll showed Clinton won the debate 57-34. This disingenuous bullshit is being repeated on Twitter, attempting to fool the people into thinking that merely inserting the word ‘scientific’ into a description of a poll makes it accurate, or representative of anything. ‘Polls’ like these, and the ones using heavy D samples are simply meant to demoralize Trump supporters into thinking that he has no chance. The onslaught of coordinated fear and rumors over the Bush Tape was a clear example of that as well. And people wonder why the mainstream media is dying.

7. Finally, all of the GOPe weaklings, Paul Ryan the most prominent, need to hang their heads in shame. They’ve been exposed, yet again for the world to see. While President Obama ran roughshod over them for 8 years, they stood there and took it, not lifting a finger to advance the interests of the American People who put them in position to do just that. Yet, the minute someone says rather uncouth things on tape, or elsewhere, the knives come out.

The Paul Ryans, Ben Sasses, Mitt Romneys, and Jeb Bushes of the world are a dying breed of politician. Their deceit and backstabbing will never be forgotten. As for Trump, what he has accomplished as a political neophyte will be studied for the next 200 years, win or lose. He can celebrate his victory tonight, but the GOPe/Democrat/Media coalition, the Political Industrial Complex will not rest. We will see more polls with heavier and heavier Democrat samples. We’ll see more hit jobs, perhaps more smear attempts such as the Bush tapes. This behemoth won’t quit, because it is fighting for its survival.

 

P***y Riot 2: More Thoughts

Upon thinking further about the Trump Tape fiasco and the Podesta emails, I’ve got some things to add to my original post, in no particular order.

  1. The fact that these two events took place is telling:

Telling because it confirms that Trump has legit support, and that support isn’t being shaken by this latest smear campaign by the media

2. There are rumors on Twitter that it was the GOP establishment who leaked it. I don’t really buy that as of yet, but it were to be confirmed it wouldn’t be a surprise. Regardless, the way several of the GOPe members of House and Senate reacted, in unison to disavow Trump highlighted several things. First it highlighted that they were never on board with Trump in the first place. On a more basic level it highlights their hypocrisy, weakness, while confirming them as backstabbers. It underlines one of the main themes of the election, which is that Trump is a true outsider fighting against both the Republican and Democrat establishment, as well as a mainstream media. All 3 of those actors are set to have their influence neutered, if not destroyed completely by a Trump presidency, and this renders their actions in circling the wagons against Trump unsurprising.

3. Whether this hurts Trump, and how much is an open question. In the cold light of day, this is a nonsensical issue, tabloid fodder. Trump spoke in an uncouth manner, but there is no man on earth who hasn’t spoken in such an ‘ugly’ manner when it’s just the guys. Politics isn’t based on rational thought however, and as such Trump might be facing a hit. this is especially true because his ‘scandal,’ and indeed all of his ‘scandals’ to date have been much more visceral and emotional sounding than Clinton’s.

The ease in which encapsulating a ‘MISOGYNIST/SEXIST/EVIL/HITLER/BIGOT’ into an easily remembered sentence or phrase compared with the relative complexity in describing Clinton’s unending corruption and active humiliation and intimidation of Bill Clinton’s rape victims, not to mention her ‘dream’ of a borderless North America and executive ordered castration of the 2nd Amendment, renders Trump’s scandals more damaging, despite being not even being real scandals in the first place. Trump will have to overcome this.

4. One plus for Trump is that he was a known playboy from the start. He was never one of these Evangelical holier-than-thou politicians. As such this sort of revelation doesn’t do that much harm because it is congruent to who he is. Americans hate phony, and tape confirming what we already knew about Trump solidifies his authenticity. For all the people who might be scared away from him, others may be drawn in because he is ‘real,’ and have themselves engaged in that sort of boorish behavior themselves.

5. I can’t stress the contempt I have for the media for pulling this stunt, and others. They promote all sorts of sexual deviance, push pedophilia, push for things like mandatory sex education elementary school children about sex, yet cry bloody murder over tape of Trump being an alpha male. It’s a disgrace, which suggests to me there is an element of desperation in their tactics. The media, being part of the establishment triumvirate which wants Trump gone is stepping up its assault because Trump is too close for comfort. As I mentioned before his support is real. Having not been demoralized by a barrage of polls with unrealistic Democrat samples, the media is trying to go after Trump in this underhanded manner.

6. Related to that is an idea I’ve talked about before – the risk of the media and Clinton overplaying their hand. For a start, the MISOGYNIST/SEXIST/RACIST/BIGOT argument isn’t a real argument, it’s a slander. It works, however, owing to the issue I raised in point 3 about irrationality in politics. These hit pieces work because play on emotion. In 2016, this has been the vast majority of the attack, which is dangerous because at some stage people will get tired of it. The blatant nature of the Trump Tape attack has a decent chance of backfiring because a large percentage of people will see it for what it is – a low blow. It’ll turn Trump into an almost sympathetic figure, which might make him even stronger.

7. The debate Sunday night is going to be for all the marbles. I have no clue how Trump will play it, but early indications are he is preparing for war. If he ‘goes there’ with Clinton, he has to get it right. But even if he doesn’t, the entire debate has to be about Trump holding Clinton to the fire for her failures. It is possible the Trump Tape attack was a wad shot too early, done as a counter attack to the Podesta emails. The latter will be a slow burn, while most of the life of these Trump Tapes has already run its course. By the end of Sunday night, the debate will take over as the main talking point, along with the further digestion of the Podesta emails.

8. As I’ve said numerous times, Trump has given Americans a true choice for the first time since perhaps the 1980 election. If Americans want to eschew that real change because it comes in a boorish package, the so be it. But I prefer a p***y monger to an open border, globalist warmonger.

 

 

 

Reality Doesn’t Care About Feelings, Vol. 5 – P***y Riot

Yesterday we got a couple leaks, one concerning Donald Trump, and the other concerning Hillary Clinton. Both links confirmed we already knew about each candidate, but I’ll go through them in turn.

First, Wikileaks dumped a pile of emails from John Podesta on us. Podesta is a Clinton operative, currently as the Chair of Hillary’s campaign, and in the past as Chief of Staff to President Bill Clinton. The biggest concentration of dirt is contained in the emails which compile excerpts from paid speeches Hillary Clinton gave to donors, big business interests and others (see here and here), for which she got paid tens of millions in speaking fees. Some of the more choice quotes are as follows:

Clinton explicitly says it is important to be two faced as a politician to better deal with the competing interest of the public and insiders:

CLINTON: You just have to sort of figure out how to — getting back to that word, “balance” — how to balance the public and the private efforts that are necessary to be successful, politically, and that’s not just a comment about today. That, I think, has probably been true for all of our history, and if you saw the Spielberg movie, Lincoln, and how he was maneuvering and working to get the 13th Amendment passed, and he called one of my favorite predecessors, Secretary Seward, who had been the governor and senator from New York, ran against Lincoln for president, and he told Seward, I need your help to get this done. And Seward called some of his lobbyist friends who knew how to make a deal, and they just kept going at it. I mean, politics is like sausage being made. It is unsavory, and it always has been that way, but we usually end up where we need to be. But if everybody’s watching, you know, all of the back room discussions and the deals, you know, then people get a little nervous, to say the least. So, you need both a public and a private position. [Clinton Speech For National Multi-Housing Council, 4/24/13]

Clinton, speaking to Goldman Sachs, opines about how the blame for the financial crisis could have been handled better, from a political point of view:

“That was one of the reasons that I started traveling in February of ’09, so people could, you know, literally yell at me for the United States and our banking system causing this everywhere.  Now, that’s an oversimplification we know, but it was the conventional wisdom. And I think that there’s a lot that could have been avoided in terms of both misunderstanding and really politicizing what happened with greater transparency, with greater openness on all sides, you know, what happened, how did it happen, how do we prevent it from happening?  You guys help us figure it out and let’s make sure that we do it right this time. And I think that everybody was desperately trying to fend off the worst effects institutionally, governmentally, and there just wasn’t that opportunity to try to sort this out, and that came later.” [Goldman Sachs AIMS Alternative Investments Symposium, 10/24/13]

Clinton admits that the passage of Dodd-Frank was largely a political maneuver, so the politicians could have been seen to be ‘doing something’ outwardly. Inwardly though, different story:

Clinton Said Dodd-Frank Was Something That Needed To Pass “For Political Reasons.”
“And with political people, again, I would say the same thing, you know, there was a lot of complaining about Dodd-Frank, but there was also a need to do something because for political reasons, if you were an elected member of Congress and people in your constituency were losing jobs and shutting businesses and everybody in the press is saying it’s all the fault of Wall Street, you can’t sit idly by and do nothing, but what you do is really important. And I think the jury is still out on that because it was very difficult to sort of sort through it all.” [Goldman Sachs AIMS Alternative Investments Symposium, 10/24/13]
Clinton expressing her very globalist ‘dream’ of a Unihemisphere setup in North America, essentially dissolving the individual identities of America, Mexico and Canada:
Hillary Clinton Said Her Dream Is A Hemispheric Common Market, With Open Trade And Open Markets. “My dream is a hemispheric common market, with open trade and open borders, some time in the future with energy that is as green and sustainable as we can get it, powering growth and opportunity for every person in the hemisphere.”  [05162013 Remarks to Banco Itau.doc, p. 28]
In terms of foreign affairs, in particular the goings on in the Middle East, sounds Trumpian in discussing refugees:

“So I think you’re right to have gone to the places that you visited because there’s a discussion going on now across the region to try to see where there might be common ground to deal with the threat posed by extremism and particularly with Syria which has everyone quite worried, Jordan because it’s on their border and they have hundreds of thousands of refugees and they can’t possibly vet all those refugees so they don’t know if, you know, jihadists are coming in along with legitimate refugees. Turkey for the same reason.”

[Jewish United Fund Of Metropolitan Chicago Vanguard Luncheon, 10/28/13]
Despite knowing this full well, she wants to bring more of these sort of refugees into the country, and decries those who oppose this as bigoted racists.
Clinton admits that Saudi Arabia is the one of the largest purveyors of Radical Islam. These comments are particularly jarring given the fact that believing this, she has no problems referring to them as allies, and taking in their millions to the Clinton Foundation:
“And they are getting a lot of help from the Saudis to the Emiratisto go back to our original discussionbecause the Saudis and the Emiratis see the Muslim Brotherhood as threatening to them, which is kind of ironic since the Saudis have exported more extreme ideology than any other place on earth over the course of the last 30 years.” [2014 Jewish United Fund Advance & Major Gifts Dinner, 10/28/13]
There are other choice email threads, like this one in which it is indicated that HRC would have qualms using an executive order to impose gun control and liability on gun manufacturers. And this one, in which the multitude of problems with the Iran deal are outlined, not least of which being the transfer of ‘billions’ to Iran to ‘enhance its funding for terrorism and its efforts to gain hegemony in the region,’ thereby making it, as per Trump, one of the worst deals ever signed indeed.
As I said earlier, most of this merely confirms a lot of what we already knew about Clinton. She’s a stereotype of a power hungry politician who will sell herself to the highest bidder as long as she is installed in a position of power. The end results of her actions are of little consequence.
The other leak which dropped yesterday, by the Washington Post, was of a video of Donald Trump talking on a hot mic with Billy Bush before an Access Hollywood appearance, all the way back in 2005. This is making waves because in it, Trump is describing an encounter he had with a married woman, in a crude manner. Here is a transcript of what was said:

“I moved on her, and I failed. I’ll admit it,”

 

“Whoa,” another voice said.

 

“I did try and f— her. She was married,” Trump says.

 

Trump continues: “And I moved on her very heavily. In fact, I took her out furniture shopping. She wanted to get some furniture. I said, ‘I’ll show you where they have some nice furniture.’”

 

“I moved on her like a bitch, but I couldn’t get there. And she was married,” Trump says. “Then all of a sudden I see her, she’s now got the big phony tits and everything. She’s totally changed her look.”

 

At that point in the audio, Trump and Bush appear to notice Arianne Zucker, the actress who is waiting to escort them into the soap-opera set.

 

“Your girl’s hot as s—, in the purple,” says Bush, who’s now a co-host of NBC’s “Today” show.

 

“Whoa!” Trump says. “Whoa!”

 

“I’ve got to use some Tic Tacs, just in case I start kissing her,” Trump says. “You know I’m automatically attracted to beautiful — I just start kissing them. It’s like a magnet. Just kiss. I don’t even wait.”

 

“And when you’re a star, they let you do it,” Trump says. “You can do anything.”

 

“Whatever you want,” says another voice, apparently Bush’s.

 

“Grab them by the pussy,” Trump says. “You can do anything.”

This led to outrage in the media. Various Republicans followed Paul Ryans lead in decrying Trump’s comments as the worst thing to ever have happened to mankind:

Paul Ryan statement

The media giddily suggested that the GOP camp was internally turning on Trump to the point where his withdrawal from the race was imminent. #NeverTrump acolytes celebrated on Twitter and other social media, sensing their finest hour might be upon them.

All because Trump confirmed to the world, in a rather blunt manner that he is indeed a heterosexual man who desires beautiful women.

Trump’s comments were indeed crude. They were not comments one would make in front of female relatives, or perhaps any female at all. They are, however, comments which are similar to those that have been made in that sort of context (amongst the fellas) by 99.9% of all heterosexual men over the age of 15 or so, in all of human history.

The outrage over this is thus disingenuous at the very least, on multiple levels.

For a start, the outrage flame is being fanned by those on the left, women of the feminist bent, and the weak willed men of the GOP establishment persuasion. This coalition outright promotes (in the case of leftists and feminists) or meekly allows(in the case of the GOPe) acceptance of any and all forms sexual deviancy, right up to and potentially including pedophilia. They’ve never heard of an ‘open marriage’ or ‘modern family’ arrangement they didn’t like.

Yet when Donald Trump speaks crudely of pursuing a woman, in a private conversation, all of a sudden these people reach into their trash cans, rummaging through the waste to find their Bibles and crosses, brush off the slime and start waving them around madly. Spare me.

Furthermore, these are the same people who praise female pornography series like 50 Shades of Grey, and made it one of the highest selling books of all time and a commercial success. This is mostly because of, and not in spite of its depictions of Christian Grey as a dominant billionaire who imposes his will on women sexually. These books are rife with intricate descriptions of rough sex and male dominance in the bedroom.

Given what we know about Trump already, and in light of this new release, what is Trump, if not an aged, real life version of Christian Grey? Despite their protestations, some women will take very well to this confirmation that Trump behaves as Grey does. There is evidence they already do, if this smattering of tweets is anything to go by:

trump fantasies

This saga has only shown what we already knew to be true about playboys, beautiful women, and fame. So again, spare me.

The legions of people in the media and politics attempting to position themselves as holier-than-thou paragons of virtue over this is, to use Paul Ryan’s terminology, sickening. In shaming what is essentially normal heterosexual male behavior in which they themselves have likely engaged in at some point in their lives, they are further cementing themselves as nothing more than weak virtue-signallers.

And in that context, the wider scope of the Trump Tape outrage is juxtaposed with the findings in the Podesta emails released by Wikileaks.

We have become a society which has devolved into being obsessed with being on The Right Side of History, with this ‘right side’ defined solely by Cultural Marxists and their ideals. Even supposed ‘conservatives’ strain themselves to adhere to this ‘right side.’

This desire to be seen as a Good Person, in the context of this election, means that one must ignore the fact that Hillary Clinton is perhaps the most corrupt individual ever to seek the Presidency, to ignore the fact that her tenure as Secretary of State was replete with failure, criminal mishandling of state secrets, and unending war in the Middle East. One must ignore the fact that her agenda explicitly seeks to erase the identity of the United States through her antagony toward the Second Amendment, literal erasure of its borders and introduction of immigrants she knows to be potentially dangerous. One must ignore that she is firmly in the camp that wants WW3 with Russia, which indeed is depressingly close, and would be all but confirmed with her election.

We must ignore this all, confirming ourselves as Good People, because Donald Trump made some off color remarks about a beautiful woman he tried to bed 11 years ago. We must ignore it all because Donald Trump may or may not have called a woman ‘Miss Piggy’ nearly 20 years ago. We must ignore it all because Donald Trump took a $900 million loss in 1995 and may have not have had to pay taxes in the years after, because the law says you don’t have to pay taxes on a loss until you make it back all the way.

This, from a ‘modern’ culture which fancies itself to be the most progressive, tolerant, and intelligent people who have ever lived.

One of the reasons I think this is the most important election of our time is the fact that it is essentially a Referendum on Virtue-Signalling, amongst other things. If the United States willingly chooses war, soulless globalism and the eradication of its traditional culture simply because Donald Trump is a bit boorish, we’ll have all the confirmation we need of the abject stupidity of crowds, and their susceptibility to succumbing to the contemptible ‘gotcha!’ and smear politics which has dominated campaigns for decades. This highlights the ultimate failure of pure one citizen, one vote democracies.

Of course, Franklin warned us about keeping the Republic centuries ago, but it’s the Current Year now. Nothing those BadPeople of yesteryear thought or said is of any consequence. Our generation’s current stance in history is that of the proverbial 20 year old kid who knows everything, until he reaches 25 and realizes he doesn’t.

I suppose that means we’ll reach this stage of true enlightenment at some point, just further in the future. It’s just a shame that we’ll have to incur unnecessary damage, hardship and wasted time to get there. (You can strike all of this, maybe, if Trump manages to pull himself out of this).