The Imperial City Unhinged—-J. Edgar Comey’s Big Fat Nothingburger, by David Stockman

Washington could involve itself, for better or worse, with many consequential problems. James Comey has nothing to do with any of them. From David Stockman at lewrockwell.com:

Comey’s ballyhooed testimony contains nothing not already known, nothing remotely about obstruction of justice, and, in fact, nothing that matters at all. It’s just a replay of the self-serving tommyrot Comey has been leaking all along.

Indeed, it’s the Nothingburger that proves Imperial Washington has become completely unhinged in its groundless RussiaGate hysteria; and is stumbling toward a lawless defenestration of a sitting president in the name of a hypocritical obeisance to a tortured version of “the law”.

It is a smoking gun in only one sense: It proves why the sanctimonious Comey should have been fired on day one and why the apparent Wall Street assumption that it can count on “Washington governance as usual” is so dangerously misguided.

As to the latter, our point is very simple. What we have is an entirely unstable, unsustainable hothouse economy and financial system that is completely dependent upon the ministrations of the state and its central banking branch. The giant bubble that was reflated after the 2008 crisis will soon violently implode and take the economy down with it—-unless it is again arrested and bailed-out by extraordinary Washington action.

But this time there is no one home on either end of Pennsylvania Avenue and no beltway bailout brigade at the ready. To the contrary, today’s Senate show trial proves that the Imperial City is descending irretrievably into unprecedented dysfunction and political fratricide. The very fact of today’s farce is reason itself to run, not walk, from the feckless insouciance of the casino.

But to get this all in context, let’s start with the Senate Intelligence Committee hearing itself and its sad sack chairman, Senator Richard Burr of North Carolina. When it comes to treacherous betrayal, we’d just as soon go with Aaron (Burr).

To continue reading: The Imperial City Unhinged—-J. Edgar Comey’s Big Fat Nothingburger

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