In some ways, the Constitution did us all a disservice by giving us an “almost king” government office called the president of the United States. While some believe that office can right the wrongs of the last president or even the last decade or so of bad decisions, others believe that there are forces that remain hidden in government structure and other power structures in and outside of this country that use this position as a puppet of theirs. It was evident from our first president that the power of the office would be abused, and abused often.
From The Burning Platform comes an interview with Doug Casey that reflects on the good, the bad and the ugly from the latest president and what it means for us going forward. Just a few snips from this article I would like to highlight as you could go to the link above and see what you think:
Let me start by saying that I’m very pleased that Trump was elected because, first and foremost, he’s not Hillary. In addition, he’s never been in political office. So he lacks some of the vices common to professional politicians. Even better, all members of the Deep State reflexively hate him.
That’s a good thing, because there’s some truth to the meme “the enemy of my enemy just might be my friend.”
I also like some of the things Trump’s done since he’s been in office—besides driving liberals and Deep Staters insane. He’s done some deregulating—not nearly enough, but he’s moved in the right direction. Of course, he did this not because he understands Austrian economics, but simply because he’s a businessman. He has some personal experience with the destructiveness of regulations.
So he has disrupted politics to a degree, which is good, but to inact long-term change requires more than just randomly hitting some things. He is missing something at his core which has been obvious all along in the way he approaches problems and seeks solutions almost “off-the-cuff”.
I do like that at the end of the day he would rather talk to the Russians than escalate things, but it is obvious he is limited by his deep state handlers as far as how far he can take this. Sanctions are stupid and are in fact usually the first step towards conflict. At the end of the day there seems to be no overarching philosophy for foreign policy. Trumps knee jerk firing of Tomahawks at sites in Syria a year ago after accusations of Assad using chemical warfare on his own people was an epic stupid move on the part of Trump .. but maybe there was a gun heald to his head like was held to JFK’s?
On the negative side, Doug Casey focuses on the obvious:
…. starting with running a trillion-dollar deficit. Where does he think that money’s going to come from? The Russians and the Chinese aren’t buying US debt anymore. Foreigners are looking to offload US paper.
Americans aren’t buying much, either. The only real alternative is to sell it to the Federal Reserve. Which is a real problem when the Federal Reserve is not only trying to deleverage, but has to refinance hundreds of billions of short-term paper coming due. Recall that almost all the $20 trillion of Treasury debt is very short term. Interest rates are going to rise, a lot. And so will the interest portion of the government deficit. Interest payments alone will be a trillion a year by the end of Trump’s second term—assuming he gets one.
Trump also—like all red-blooded Americans—loves the military. So, he’s adding to the already bloated military budget. It’s ridiculous, dangerous, and provocative. The United States already spends more than the next 10 or 12 biggest nations in the world put together. And most of that money is wasted and misallocated. It’s being spent on dinosaur technologies. What he’s doing there is very foolish. It’s accelerating the looming bankruptcy of the Government. And of course the Government will drag the country down with it.
He’s foolishly antagonizing the Russians by placing troops in the Baltics. He’s doing the same with China by sending ships to the South China Sea, which is their equivalent of the Gulf of Mexico.
But my biggest problem with Trump is that he has no philosophical core. He’s not by any means a libertarian. He’s a pragmatist, and an authoritarian. He’ll do whatever seems like a good idea at the time.
He’s got no background in or understanding of economics or history. I think it’s true that, as his critics say, he hasn’t read a book in 50 years. He goes strictly on gut instinct.
Exactly. So what we have is someone that keeps kicking things and reacting but never solidifying long-term change. But at the same time, the swamp is huge and he can’t be the only one draining it. While Congress remains inept at doing anything productive (like dismantling spending programs that have outlived their usefulness and mission) because that might keep them from getting re-elected. With an 11% approval rating, incumbents get re-elected at a 95% rate. If voting changed anything they would NOT let us do it!
So basically, this is essentially entertainment that your tax money pays for, the bread and circus distractions that empires do in their dying days.
At the end of the day all we can really do well is love our families, love our neighbors and pray that God has a plan to keep our kids and grand-kids is His care as this American Empire spins down.
SF1