Trump is making major changes at warp speed. The markets and the general economy seem to respond favorably. Still, there are forces at work which even a maverick president my find difficult to stop. From Zero Hedge and LRC:
Paul noted that he thinks U.S. policy has created a “failed system” in the country. “All empires end and we’re the empire. It’s going to end and it’s going to be for economic reasons…we’re going to fail because we’re working within a failed system…this is a monetary problem…a spending problem…it’s going to be financial,” Paul emphatically claimed, once again stating the collapse of America is imminent. “We have something arriving worse than 2008, 2009, much worse…It was the fault of the Federal Reserve,” Paul said, adding, the Keynesian economic model contributed greatly to the first bubble burst. Paul said the left will blame Trump for it like the right did to Obama, but he says it’s bigger than the office of the president, and blames the federal reserve and the previous 17 years of governmental spending.
If you think Ron Paul’s comments hold no water, think again. As the Free Thought Project reported last year, even the former chairmen of the Federal Reserve is predicting this crisis.
We are in very early days of a crisis which has got a way to go,” asserted Alan Greenspan to Bloomberg last year. “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say…..I don’t know how it’s going to resolve, but there’s going to be a crisis.”
When the man who used to run the very central bank Ron Paul says is responsible for the collapse, also says there’s going to be a collapse – it’s time to pay attention.
Watch the RP video interview. I agree that Trump is doing everything (almost) humanly possible to avert disaster. However, late in the fourth, one Hail Mary (or two or three) may not be enough.
Perhaps, in a worst case scenario, he can ease us down as gently as possible. I still maintain that the best solution to the Imperial end game was to elect Paul in 2008 (not 2012). It’s a little late for that; Trump is who we have and all we have.
The difference between Trump and Obama or Bush is that Trump will not take the unjust blame lying down. And given his ability to keep the press, the opposition, and the GOP barking and clapping like trained seals, this will be interesting, even entertaining – even in the event of calamity.