Trump Being Played The Fool Again

The Trumpty Dumpty Report

During the G-20, Trump wasn’t invited to play with the other bully world dictators. He felt hurt that MBS (Saudi prince) and Putin gave each other the secret handshake without including him. Pouty faced Trump told his aide, “Get me outa here!” because he was left out of the Bully Boy Gangsta club.

    But Trump tried to make the best of it by meeting with China’s President Xi. Xi felt sorry for the Cretin-in-Chief and pretended to raise the idea that maybe, just maybe, China would agree to some sort of negotiation of terms to lower the impact of the current trade war. Yet, Trump seems to be ignoring the fact that China owns around $1.5T in U.S. treasuries issued when George W. Bush sold them to China in order to fund his Iraq/Afghanistan wars because Congress didn’t pony up the costs through higher taxes or war bonds, therefore, the war costs were borrowed from China. And now, they have serious leverage when they decide to play that card, which could trigger a major economic depression.

    The idea that Trump had this idiotic belief that the two had a meaningful discussion is hilarious. Trump’s pompous bravado was illustrated when he recently said, “Not to sound naïve or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting. ALL subjects discussed!” Then the Dow Jones Industrial Averages dropped 800 points! The markets know that President Chump is naïve and has no clue. Trump calling himself the “Tariff Man” is a foolhardy negotiating tactic, but President Fool can’t seem to stay out of the quick sand. He touted “an incredible deal” “long and good” yet there was no there-there. For Trump the idea that a no-deal, is an incredible deal has always been part of his imaginary play. And now, Trump says that maybe he won’t agree with a China trade deal after all. “It all depends.”

    What Wall Street is freaking out about may be a bit about the Huawei executive arrested in Vancouver, B.C, and now, being extradited to the U.S. for violating Iranian sanctions, but it is more likely the markets are now collapsing into negative territory for 2018, i.e., erasing gains made in 2018 and now creeping into 2017, because they are realizing that Trump is the most incompetent president ever and a danger to America. The markets are mostly reacting to tariffs, tax cuts for the rich, trade wars, and mounting risky corporate debt. Also, we are seeing collateralized debt obligations becoming a problem as we did prior to the 2008 economic depression. This is what happens when Bush, Paulson, Bernanke failed to break up the Too-Big-Too-Fail banks, and Shadow Banks, and investment firms can resume their dangerous collateralizing of debt tricks.

    We have heard from another White Nationalist Party House member from Kansas, Congressman Estes, who downplayed the disastrous erosion of personal wealth invested in stock market retirement plans. Estes said, “The American people want us to get things done.” He also said that the markets go up and down. And since July, they have been going up and down. That is what they do according to Estes.

   What kind of propagandistic bullshit is this idiot shoveling onto America’s household wealth? The market is NOT fluctuating as they do! The market is collapsing. And, in addition, the fiscal prediction for 2019 is a likely recession and global slowdown.

    Regarding Estes’ “get things done”, the mantra from McConnell and the rest of the White Nationalist Party members have pledged to NOT EVER negotiate with Democrats. This is the continuation of Newt Gingrich’s ‘No compromise position’ began back during the Clinton presidency, and continues today in Congress. Estes saying he wants to work with Democrats, when the White Nationalist Party has focused to NOT work with Democrats on much of anything.

    So, since Estes is bullshitting us about the massive losses on Wall Street, and now about working with Democrats, what other bullshit will we hear from his mouth and the mouth of his fellow Congressional White Nationalists? As Trump says repeatedly, “We will have to see.”