The Goldman Sachs Regency, by David Stockman

SLL doesn’t believe the current chorus that the sky is falling in on the Trump administration, but we’ll throw up a few representative articles. This ones from David Stockman via lewrockwell.com:

We aren’t shedding many tears over Steve Bannon’s departure. His ethno-nationalist and protectionist worldview are anathema to true notions of liberty, free markets and a minimalist state.

While Bannonism presented itself as a coherent alternative ideology to mainstream Big Government and globalism, it actually boiled down to a superficial and incoherent potpourri of cultural resentments and prejudices, economic shibboleths and amateur historical theorizing. Indeed, it appealed to the lumpen-intelligentsia of the alt-Right precisely because it proposed to replace the oppressive statism of the liberal status quo with a more virulent right-wing statism rooted in protectionism and nativism.

Notwithstanding the rotten essence of Bannonism, however, the firebrand self-promoter who was Donald’s chief strategist got it right in his parting shots at his internal White House enemies. In so many words, he correctly asserted that the nation will now be ruled by a Goldman Sachs Regency and a team of three generals—Kelly, McMasters and Mattis—–who embody the essence of Albert Einstein’s famous definition of insanity: Doing the same thing over and over and expecting a different result.

Time to buy old US gold coins

“The Trump presidency that we fought for, and won, is over,” Bannon told the conservative Weekly Standard on Friday after his White House departure. “We will make something of this Trump presidency. But that presidency is over.”

So in the interim, the Donald will function, as Robert Wenzel aptly described it, as “something of a tweet master frontman” with the Vampire Squid seemingly riding higher than ever before—-even higher than in September 2008 when the clueless George W. Bush handed a blank check to the Wall Street bailout brigade at the Treasury led by former Goldman CEO (and Big Government liberal), Hank Paulson.

To continue reading: The Goldman Sachs Regency

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