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2018-02-05 08:10 by Karl Denninger
in Editorial , 252 references Ignore this thread
I Want Speaker Pelosi Back
[Comments enabled]

I'm serious.

I want the Democrats to sweep The House in November, and I'm even going to campaign for and probably give money to them toward that effort.

No, it's not because I prefer Democrat policies.  They're nutcases.  Their belief in fantasy-land nonsense and the sort of IQ displayed by Reps like Maxine Waters (more-accurately the lack thereof) says everything that needs to be said.

No, I want them to win for one reason -- and only one: It will prevent Trump from doing a single, solitary legislative thing for the next two years and he will be forced to defend impeachment resolutions one after another, which suits me just fine.  He has them coming for his intentional and willful malfeasance and misfeasance toward his oath to the Constitution.

We now know that our so-called "finest", the FBI, which Trump himself has personally lauded, engaged in a corrupt, illegal scheme to subvert a Presidential election.  Trump has done exactly nothing about that -- he hasn't fired a single person, he has in fact said he won't, and his AG hasn't arrested anyone either despite perjury being a criminal offense.  He also, after knowing of the corruption, signed the bill re-authorizing the very section of law that was used against him.

The memo documenting the FBI lying under oath, to a judge was not a singular incident.  We now know the FBI perjured itself in the Bundy case.  Bundy claimed the reason he called all those people to come to his aid was that the FBI had placed snipers around his property and he had a reasonable fear they were going to shoot him.  The FBI called him a nutcase in court and said no such snipers were present.  When the judge found out they lied -- and in fact there were FBI snipers present and thus Bundy's fear was reasonable the case was tossed with prejudice and a stinging rebuke was issued to the FBI for their intentional misconduct. Again, Trump has not demanded that Jeff Sessions charge one FBI agent in that case either nor has Sessions done so on his own initiative.

In short, Trump likes having a KGB in America -- so long as he's at the head of it and gets to point it at the people he wants to screw with.

Anything legal that I can do to neuter the head of the KGB in America, I will do.  There is nothing more-important than the integrity of the election process and that a sitting President and Department of Justice illegally tampered with same via perjury and unlawful surveillance cannot be rewarded.  To fail to hold Trump accountable for this is to consent to dictatorship.  That's exactly what you "Trumpers" are condoning and egging on each and every day.

Candidate Trump promised that he would bring price transparency to health care and prescription drugs.  In addition, as head of the DOJ, he has the power to prosecute all of the obvious and apparent violations of 15 USC Chapter 1 in health care, otherwise known as "anti-trust."  President Trump has not brought one single indictment, nor even a civil case related to same.

Candidate Trump was pretty rough on the banks and their scams.  President Trump loves them; despite being caught spoofing futures markets, with one of them being caught for the fourth time since agreeing never to do it again under pain of losing their charter, not one single criminal indictment has been sought against them and no charters have been revoked.  Further, Wells Fargo was just sanctioned by The Fed with asset caps imposed and board members forced out after President Trump's DOJ steadfastly refused to do anything that might cause the stock market to not like him -- such as indicting that bank and others for ripping off Americans on a sequential and continual basis for the last decade.

People say I should be happy that tax rates went down.  Really?  They didn't go down for anyone because the deficit is in fact going up.  Treasury estimates the hit to be $400 billion this year alone, pushing new issuance to over a trillion dollars.  Every single dollar of net newly-printed Treasuries is a tax increasethere's perhaps $100 billion in "tax cuts" in the economy but $400 billion in increases, so in fact it's a $300 billion tax increase, not a cut.  You won't see it in your paycheck but you sure as hell will in the price of things you buy and the loss of purchasing power, which will then compound for every year forward -- unlike the one-time adjustment to the withholding tables.  The so-called tax cuts are a scam and a fraud folks.

This, incidentally, is likely to bring an end to the market's euphoria -- and not gently either.  See, the market folks didn't count on that trillion dollar issuance, but now it's happening.  Good luck with the "record stock market" nonsense in that environment.  If what I expect happens as a result, of which the first rumblings were heard this week, you won't have any of those gains within the next year or two, and in fact will likely have lost half of Obama's too.

There are those who say I should be "patient."  To which I reply: No.  Most people can walk and chew gum at the same time.  Trump often claims to be literally the smartest man alive; he is certainly capable of tackling more than one thing at once and keep them straight.

The mid-terms are when America either ratifies the acts of the sitting Administration or spits on them.

President Trump has about three months before the campaign season starts up, and about one more before the summer recess when essentially nothing other than re-election will be on Congressional minds.

That's exactly how long he has to toss thousands of people under indictment, to fire all of the corrupt people at the FBI and deny them any pension or other benefits, and to go after the medical scam.

The latter, beyond putting a stop to the buttsexing of the American people by the medical industry, is the only way to stop that Treasury issuance, without which a very, very ugly economic and market surprise is headed our way.

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User Info I Want Speaker Pelosi Back in forum [Market-Ticker]
Greenrebellion
Posts: 487
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Los Angeles
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Funny that you posted this. My entire adult life I've always rooted for split government control so that one party never controls everything figuring that the less that government can do, the better.

I am rooting for the dems in 2018 even though they are certainly all nutcases.

I can't believe the deficit is going to be nearly a trillion and we aren't even in a recession. Dear lord...what happens if we go into a recession and federal receipts tank??? Not a fan of the tax cuts.
Cassiusdeo
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Lambeth, Canada
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It takes some work for Caesar to eliminate the Praetorian guard without being assassinated. But perhaps I am dreaming that Trumpf is that smart.
Radiosity
Posts: 119
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Sunny UK
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Huh, noticed yesterday there's only a single post on the front page at any time now. Winding things down further, Karl? :)
Flaps10
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PNW
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Perjury became legal in the 90s

RE: smoking blue dress
Tdurden
Posts: 591
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Quote:
Perjury became legal in the 90s


It only became legal for the special people. If you or I do that, we get a surprise visit a dozen guys in full battle rattle at 4:00AM and get hauled into a courtroom in chains. At least the ****ing Nazis gave their victims the common courtesy of a knock on the door.

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"I'd like to live just long enough to be there when they cut off your head and stick it on a pike as a warning to the next 10 generations that some favors come with too high of a price." -Vir Cotto Babylon 5
Whitehat
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The People's Republic of New York
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more concerned that someway somehow there will not be an epic crash. not for sadistic reasons or exclusively for the purpose of punishment, but every time the reckoning is delayed with maybe only a few damaged or a short recession the problems are only compounded not least of all the perceptions of the players that they can do anything. part and parcel of this is the public perception that everything will right itself.

one thing that has always bothered me is why was all of this apparent to people here and me as far back as the end of the eighties. perhaps the question is were we fools to be doing the right things all of those years, using our free time and energies to try to make a difference, not making money by leading people to their own destruction and not joining in the party. more and more people are realizing what we knew then, but what was their breaking point, some for self preservation. the tea party started nobly enough based upon ideals but then seemed to degenerate towards people concerned about protecting their pensions and investments as opposed to the country.

what is the breaking point for people and why are those who are sometimes older just noticing it now or recently with the crisis of 2007-8. their reasons are the key to working towards a solution as self-interest will not serve a moral movement.

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There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
snow, seasons, distance and dirt roads: SSDD
"Be not deceived; God is not mocked; for whatsoever a man soweth, that shall he also reap" (Gal. 6:7)
Mgpacher
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Indiana
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I suppose that there are many things Trump, in theory, could lawfully command, but whether they would actually be carried out is debatable. Can anyone think of any bold commands that presidents have issued which profoundly changed government for the better? Kennedy ordered us to go to the moon and congress and the people got behind him. But that is a bit different than single-handedly overthrowing an entrenched, existing system which has become an institution. It is an institution which will probably self-destruct, but I doubt that even a determined president can destroy it. He would almost certainly need a supermajority in congress to do so.
Flyanddive
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Detroit
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Trump won't even arrest Adam Schiff, who is undoubtedly leaking classified info to the press.

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"I've seen people go into real poverty trying to pretend to be rich."
Tickerguy
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Quote:
But that is a bit different than single-handedly overthrowing an entrenched, existing system which has become an institution. It is an institution which will probably self-destruct, but I doubt that even a determined president can destroy it. He would almost certainly need a supermajority in congress to do so.

@Mgpatcher -- That's not hard at all, if you have the stones for it:

"I will veto everything that comes across my desk, and I do mean everything including the debt ceiling bill that has to pass in the next two weeks, until and unless Congress is 100% behind this and the involved departments are defunded by 100% until every single one of the persons involved in this, or any similar case, is fired, their pensions and benefits are stripped, and they are indicted."

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Winding it down.
Greenrebellion
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He'd be impeached (even by Republicans) before Congress let him sit there and unveil the fraud.
Whitehat
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@Tickerguy, because trump is the type that benefits from a little graft and corruption. he wants to make america great again in the 1980's new york city, wall street, mob unions, political favors sort of way where there is enough money and bs flying around that everyone makes money regardless of the rule of law. it is actually an argentinian type of system. his supporters are of this mentality at least in my area of the prison. trump is not an idealist leader. yes, it is results based, but winning being the only measure of good is only evil as it has destroyed many societies through lack of purpose born values and transcendental goals.

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There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
snow, seasons, distance and dirt roads: SSDD
"Be not deceived; God is not mocked; for whatsoever a man soweth, that shall he also reap" (Gal. 6:7)
Zerosignal
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This is exactly why I refused to vote for Trump. In 2008 I voted for McCain against my better judgment because I knew how dangerous Obama was, I will never make that mistake again. Voting for the lesser of evils simply teaches politicians that all they have to do to win is be a tiny bit less evil than the other guy.

People screamed at me, "what else am I supposed to do? vote for Hillary?" or "a vote for anyone but Trump is a vote for Hillary". Bull****, pure unadulterated bull****. It's attitudes like that that make it impossible for anyone but the two biggest parties to win.

They say, "well candidate so and so has no chance of winning, so it's a wasted vote". How do these morons not realize the circular logic in that? If you never vote for them, that means the guy next door will probably never vote for them, which of course means they will never win!

I hate Hillary Clinton with an ever-burning passion, but people don't understand the long term consequences of their votes. If Hillary is 100% evil and Trump is only 90% evil, then yah, in the short term you have won. But, the long term effect of voting for the lesser evil means you stuck in a two-party feedback loop. If you don't have a D or an R next your name, you never win, and both parties eventually become almost indistinguishable, which is exactly what has happened.

Instead of stringing along the inevitable for several more generations, I would rather someone like Hillary got elected because it would force everything to a head. When someone as evil as Hitler or Stalin or Mao takes power, it's finally ok for the dissenters on the other side to start talking about violent revolt, which is the only thing that will fix this. TINVOWOOT.

Karl has spoken time and time again about the powers that be mortgaging future generations with debt. The same is true of the corrupt form of government we are currently leaving to our children.

Thomas Paine said, "I prefer peace. But if trouble must come, let it come in my time, so that my children can live in peace."
Tickerguy
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I voted for Cthulhu in the last two Presidential elections.

He'd be an improvement over EITHER Obama or Trump. My mind on Trump was made up when he refused to specifically state he would go after the medical scam, and my view was confirmed literally on election day when his campaign promise, on his web site, to FORCE price transparency disappeared and has never been seen since.

**** HIM.

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Winding it down.
Zerosignal
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Amen, I just changed my desktop background to this a few days ago:

https://ih1.redbubble.net/image.27856882....
Tickerguy
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Just for those who don't want to click...


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Winding it down.
Flaps10
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PNW
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Whitehat wrote..
more concerned that someway somehow there will not be an epic crash. not for sadistic reasons or exclusively for the purpose of punishment, but every time the reckoning is delayed with maybe only a few damaged or a short recession the problems are only compounded not least of all the perceptions of the players that they can do anything. part and parcel of this is the public perception that everything will right itself.

I'm not an economist but I think slowly bleeding to death is a foregone conclusion. I was braced for impact quite a while after 2008 until I realized that the one thing the 535 people (who we elect to take care of ****) are good at is kicking the can down the road.
Where's the line? I can't get a guy's statement he made at work (in 2008) when another co-worker was laying out the impending doom. He said "I don't know man. As long as I can drink beer on the couch and screw my wife I'm okay". That guy made high 5 figures at the time and is mid 6 figures now.

For me it can happen any time. I'm as ready as I'm going to be.

and

Zerosignal wrote..
Instead of stringing along the inevitable for several more generations, I would rather someone like Hillary got elected because it would force everything to a head. When someone as evil as Hitler or Stalin or Mao takes power, it's finally ok for the dissenters on the other side to start talking about violent revolt, which is the only thing that will fix this.


For the left, Hitler was elected just over a year ago. All that has happened is people getting their facebook tough guy act going.
Flyanddive
Posts: 2548
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Detroit
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The RNC is positioning itself to intentionally lose the House in 2018.

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"I've seen people go into real poverty trying to pretend to be rich."
Eaandkw
Posts: 8
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Soon to be Texas
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I think I would rather have a quick economic collapse then a long slow collapse. A quick collapse would leave most of the infrastructure in this country intact. With a slow collapse the infrastructure would fall in even more disrepair and may likely be cannibalized making it even harder to recover.
Zerosignal
Posts: 11
Incept: 2016-01-03

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"For the left, Hitler was elected just over a year ago. All that has happened is people getting their facebook tough guy act going."

Oh yah, like totally. Except for Black Lives Matter and Antifa destroying everything they see, killing cops and punching "Nazis".




Kochevnik
Posts: 695
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Dallas TX
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President Trump has about three months before the campaign season starts up, and about one more before the summer recess when essentially nothing other than re-election will be on Congressional minds.

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Thats the money shot right there - Trump's already dead, he just doesnt realize it yet. He's like a woman in a lot of ways, loves to create drama everywhere he goes and then sits back and basks in it like a fat seal in the sunshine.

Karl's 100 percent right IMO - Trump ****s around till summer and then nothing gets done at all after that - EVER.

He spends the entire last 2 years dodging impeachment charges and screaming at people on twitter.

IN THE MEANTIME, the financial system comes unglued. Thats what today was - the dam just let go.

IMO you will see a 50 pct drop in the stock market if Trump manages to not get impeached and a 75 percent drop if he does. By the end of his term everyone will be sick of him.

The Fat Lady is up on stage after 10 long years sitting on her ass in the Green Room and she's belting her lungs out baby.

By the end of Trumps term, you will literally see fighting in the streets.


Those insane feminist nutcases got one thing right : #TimesUp


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