Sorry for the hiatus. The Trump recession is coming

If you’ve wondered why I’ve not posted recently, my excuse is that I’ve had a knee replacement, which has sapped some of my energy. A (pardon me) lame excuse.

Nevertheless, the world moves on, and this world is moving in a bad direction I cannot ignore.

America has a President who encourages dictators (Putin, Kim, Duterte), encourages misogyny and infidelity (Hello Ivana, Marla, Melania). He encourages lying and criminality (Trump University and Trump Foundation).

Mostly, Trump is a hate monger, who encourages hatred of Mexicans, South Americans, the Chinese, Muslims, immigrants, gays, the media, and the poor.

Trump is as unAmerican as anyone you know — a traitor to American values.

Image result for van of bomber
When a leader approves of hatred, his followers will hate.

Sadly, hatred has no boundaries. Hatred is a communicable disease. Encouraging hatred of one group also encourages hatred of other groups. No one is immune.

When a leader exhibits hatred, his followers will hate, for hatred has official approval.

Thus does hate mongering encourage the mailing of pipe bombs by an ardent Trump supporter.

And, thus does hate mongering encourage fanatics who hate Jews online and make anti-Semitic comments, while shooting Jews in Pittsburgh.

Trump combines immorality with abject ignorance and an unwillingness to learn. He takes great pride in not reading and not taking advice from anyone.

And all of this is excused by Trump followers because he supposedly is “good for the economy. ” It’s a lie.

All Trump followers are haters. They hate the same people he hates, otherwise they would not put up with his hatred.

And Trump is not good for the economy.

The “economy thing” is just a handy excuse. Hitler knew that well. It was the excuse he used. Today, you can tell your Trump-following friends that even the “economy” excuse now is fading. Very soon, the Trump recession will begin.

Note to Trump followers: Import taxes hurt all nations; no one wins trade wars. Everyone loses.

A trade war is a peeing contest. Everyone is peed on.

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When hatred is official policy.

Trump, who only takes credit, and never accepts blame, will blame the Fed for his recession. Some of Trump’s followers will blame Hillary; some will blame the Democrats. Many will blame the Jews. None will blame Trump.

Trump now blames immigrants, so he sends the army to stop all immigration. This is how he changes the subject. This is how all dictators change the subject.

Stupidity and bigotry have their punishments.

Question for Ivanka Trump: How does it feel to be hated for your religion? Your father encourages that hatred.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

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The single most important problems in economics involve the excessive income/wealth/power Gaps between the have-mores and the have-less.

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of The Ten Steps To Prosperity can narrow the Gaps:

Ten Steps To Prosperity:
1. Eliminate FICA

2. Federally funded medicare — parts a, b & d, plus long-term care — for everyone

3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.

MONETARY SOVEREIGNTY

 

6 thoughts on “Sorry for the hiatus. The Trump recession is coming

  1. Trump eyeing executive order to end birthright citizenship, a move most legal experts and top House Republican say runs afoul of the Constitution

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    This is the oath to which President Trump swore:

    “I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States

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  2. Dear Rodger,

    I wish you a speedy recovery and have missed your posts.

    Is the recession caused by a slow down in fiscal spending?

    September saw a $119b surplus fedgov surplus extracted from the private sector domestic balance. Also bank lending is rolling backwards. The two impacts added together saw about $150b of money destruction in September.

    That is why the stock market is falling like it did in February when a much smaller surplus was extracted in January and then made much worse in April when the fedgov extracted a $200b surplus, but offset a little by bank credit creation of about $40b. That made a similar sized currency spending gap as this September.

    It appears that the stock market movements lag fiscal spending movements by one month.

    The evil CBO did a report with graphs about 6 months ago that showed GDP and fiscal flows peaking and then declining right about now. The reason being is that a myriad of fedgov tax relief clauses expire into the end of 2018.

    Please do a follow up post on this subject and explain the recession cause and expected depth and duration.

    I add also that central banks across the world are pulling back from asset purchases and lowering global liquidity levels and thus the net money supply. Less money equals less income.

    Thank you.

    Regards

    Alan

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  3. Glad you made it through knee replacement surgery. I have a fake hip, with a second one on the way, and completely understand the rehab process. You’ll be back and at ’em at no time!

    Like

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