Trump's Davos Speech Yearns For The 1890s And A New Gilded Age!

Trumps bid to roll federal tax policy back to the 1890s, will fail, because the present American oligarchy's wealth is on paper and has lost all real world metrics in the Trump DOW..

Before the US federal income tax was instituted, in 1913, the federal government was funded by taxes on imported goods or tariffs and right of way fees. Infrastructure was privately built, primarily for industrial or raw resource extraction, which the privately built Transcontinental Railroad exploded, into the gilded age. An age of so-called American innocence in the face of European decline, when in reality the men that scraped their fortunes out of Turtle Island, simply saw their opportunity to rule the world, with the wealth they murdered millions to get.

Trump did try, the last time he was president, to stop the Mashpee Wampanoag tribe, on Cape Cod, from building their already federally approved casino and threatened to undo the entire Native American reservation system, to shut down all other Native casinos and bingo halls. He was, I am sure, going to try and hand Native Reservation land to a new set of land barons. Like those that created the ranch lands that covered up the slaughter of First Nation’s tribes in the west but this is Trump’s vision of America. To bring back the radical wealth and power of the Robber Barons. The problem with this vision, is that that wealth was created by the greatest orgy of violence the world has ever seen. The European colonists slaughtered hundreds of millions of First Nation’s citizens to accumulate the wealth of the gilded age.

Trump is attempting to con the public into accepting lower income taxes for the wealthy by also, cutting workers’s taxes at the same time, attempting to shift the tax burden onto imports from other nations. This will immediately throw the US into an economic recession while still not admitting the US is well into an economic recession already. With nearly 50% of America’s commercial real estate sitting empty, killing banks. Cutting the wealthiest’s tax payer contributions to the treasury, might be enough to launch this new gilded age, Trump is definitely dreaming of, though narcissistically but it won’t return America back into the black and out of the red ink. All of Trump’s tax policies are driven from his own desire to protect his own, poorly managed wealth and that of those that give Trump operating loans for Trump Inc.. Trump is only looking to cut taxes for the corporate sector to feed the phoney Trump Dow Jones Industrial Average.

When Trump was last president, he cut corporate taxes so deep that the corporate sector could conduct stock buybacks pushing the value of stocks traded on the DOW, too inflate far beyond any market metrics that make any sense. This has allowed the DOW to artificially inflate to 43 thousand, a completely ridiculous metric of American economic activity. The worker’s I am sure, would love to have had a bounce in the value in their pay checks, like the owners got with the 80% over valued Trump DOW. This artificial increase in the value of stocks allows someone like Elon Musk claim he is the richest man in the world on paper but in reality, Musk is a Trump Dow fraud. The banks are very happy with the Trump DOW as borrowing against that over valued stock has exploded, making banks their cut with every loan.

Trump offering up “A reduction in nuclear weapons” that Russian Federation President Vladimir Putin stated were obsolete, thanks to Russia’s hypersonic Oreshnik multi war head missile, with conventional, non nuclear payloads, is some what disingenuous. Clearly, someone in the White House has been reading my articles as I have been stating, that the only way out for America, economically, is to cut defence spending to the bone, if Trump wants the economy to boom. So he can sell McMansions around golf courses but the nuclear arsenal is not enough. Trump must close most if not all, US military bases in foreign countries and must refrain from igniting proxy wars like those in Gaza and the Ukraine, if Trump wants restore global confidence in US Treasury bonds, now being dumped by the world. Even if Trump is only offering nuclear arms reduction talks to lure Russia into freezing the conflict in the Ukraine, the offer is still meaningless.

BRICS just added Nigeria as a member, putting half the world’s population in the BRICS economic feed back loop. While Trump, at Davos, tries to shift the blame onto Putin for Trump’s own failure and deliberate unwillingness to meet the Russian Federation, at least half way, to fulfil Trump’s own promise to end the conflict in the Ukraine, 24 hours, after being sworn in as US president. President Trump is deliberately ignoring the real cause of the ballooning US budget deficit, defence and intelligence spending. It’s no longer a matter what nation can America raid in order to balance the books, it’s now down to how much can America cannibalize the American public, to keep the empire from collapsing.

Trump trying to lay blame on the Saudis and OPEC for causing the inflation bubble we are all having our eyes gouged out with, is willful ignorance, when Trump knows the price of oil is a wholly US controlled metric. China doesn’t pay market prices for Russian oil. China has long term discounted contracts for oil and gas supplied by Russia and therefore less inflationary pressure than the US has. This is why BRICS is setting up a completely separate commodities exchange, totally divorced from the all US commoditie’s trading floors. Inflation is real easy to explain. When wealthy elites are in need of a cash injection they create a war or rumours of war and then buy calls on oil delivery contracts in the commodities market, driving the price of all energy products up in price leading to inflation in all sectors. Manufacturers pass all increases in costs onto consumers and tend to balloon profit increases beyond the already ballooned regular percentiles of profit, they receive due to the higher costs to consumers.

The greatest and most devastating inflation, is that of Trump’s own property development industry and the bankers that lend Trump money, property values. Trump and company want us complaining about groceries so we’ll stop gripping about the rent and mortgage, eating half of two income family’s pay checks. If we still had 1980s property values, Trump Inc. wouldn’t exist. Trump would have been competed out of the market by now. It’s the very inflation Trump is ignoring, that has kept Trump Inc. afloat all these years. Property inflation has nearly crippled the consumer economy which represents 75% of US economic activity but has been cannibalized by banking deregulation from the Reagan era onward. Reagan and congressional democrats deregulated the Savings and Loans (S&Ls) banks, allowing bank owners to be developers, who they can lend S&L depositor funds too, for Florida condo development, as an example.

Anyone alive at the time of the 87 market crash lost something, after the developers built too much product, flooding the market, correcting prices downward, causing S&Ls to fail. The problem was that the prices also came down on the existing stock of housing as well, putting homeowners under water against their mortgages. This caused foreclosures in the existing stock of housing to ballon, effecting the greater economy. What started out as a vacation property boom in places like Florida, laundering drug money in high rises, ballooned into all kinds of Wall St. investment instruments to invest in the vacation condo scheme. The sleaze bags in Congress agreed to 10 cents on the dollar to depositors for their lost S&L money, when the market crashed. It was also the beginning of institutionalized homelessness as 15 million went homeless in America, in a blink of an eye. But because the market corrected, much of the houseless population were able to get back into housing. The condition of homeless however, remained for a percentage of the population and has now ballooned beyond the Hoovervilles of the 1929 crash. Trump is just another fraudulent US oligarch that would lose everything if housing regulation were to come back. If just rent control came back, Trump would lose most everything. All the big bad Banks could be broken up now, just enforcing US anti trust laws but Trump won’t do what is necessary to correct the US economy back into being a creative manufacturer and exporter because that would put Trump Inc. out of business.

Trump’s dream of continuing Dick Cheney’s frack America project won’t save America either. The cost of fracked oil and gas, at 60 mot 80 dollars a barrel, has the US artificially trading oil at 70 dollars plus, when oil is probably only worth 13 dollars a barrel, creating the grocery and consumer products inflation, everyone is pissed about. Russia has stated, it can get by even if oil is 13 dollars a barrel and so too could Saudi Arabia. The problem is not the Saudis or Russia and Russia won’t capitulate in the Ukraine if oil is 30 dollars. The problem is, the US wanting someone else’s cake and to eat it too. The US has no way out but to cut defence and intelligence spending to regain global confidence in US treasury bonds, in order to have America prosper again. It’s as though the success or failure of US treasury bonds have become America’s social credit score with the rest of us on this piece of heaven we call earth.