Contrary to Smith’s expectation, the Fed did not raise its overnight fed funds target. He thought it would to wreak havoc on financial markets, which could then be blamed on a Trump victory, which he still expects. From Smith at alt-market.com:
In numerous articles over the past several years I have made observations on a rule of life that I strictly adhere to: that all social conflicts can be boiled down to the reality of two opposing groups — those people who want to control the lives of others, and those people who simply want to be left alone. You can read more about my philosophy on this in an article I published in 2014 titled ‘Why Is Independence So Frightening To Some People?‘
The mainstream media and establishment institutions focused on propaganda will tell you that there are hundreds or thousands of dangerous cultural enclaves and ideologies out there that you should fear. They will tell tales of rage and suspicion between the rich and the poor, haves and have-nots, whites and blacks, gays and straights, academics and working class, believers and atheists, Muslims and Christians, Republicans and Democrats, Eastern nations and Western nations, etc. The establishment relies on these divisions as a rationale for the homogenization of cultures — they argue that if we erase borders, religion and sovereignty while enforcing multiculturalism and wealth redistribution, then these groups will have no reason to fight anymore and a Utopian fever orgy will be our inevitable reward. Yes, it sounds quite magical.
That said, I don’t hold any claims against any of these groups per se, as long as they respect my inherent and individual freedoms. If they are determined to impose their ideology on me through force, that is another matter entirely.
This is the only paradigm that actually matters in the end. All other paradigms are a means for the powers that be to pit the masses against each other. When you look at the world in this way, it is easier to let go of all the “sacred cows” and learned biases that blind us to the truth.
I don’t affiliate with Republicans, but I am happy to support a Republican that proves he or she has no interest in dictating my principles or my future. Same with a Democrat. Same with any black or white or brown person. Same with any gay or straight person. I really don’t care; stay out of my way and I’ll stay out of yours. Get in my way, however, and I will step on you. If you’re bigger than me, I’ll dislocate your kneecaps and then step on you. There is no despot so big that they are immune to the heel of a strategically placed boot.
This, I would say, is a defining principle behind those of us who make up the so-called “alt-right;” the people Hillary Clinton recently referred to as “the deplorables.” When describing this subculture of “miscreants” I often use the title of the “liberty movement.” We are defined and unified by our desire for a society based on the integral love of freedom and a fervent opposition to collectivism and totalitarianism. For this, we are called “deplorable.” But let’s extrapolate on that a little…
To continue reading: The “Deplorables” – Who We Are And What We Want