Gold News

Trump's Right on the Virus

Or he was. Like, really...?
A FRIEND is concerned about Trump opening a door to a new stigmatization of the elderly among the red hats, writes Gary Tanashian in his Notes from the Rabbit Hole.
That, like the green new deal, is something for later opinion. The elderly have earned their place in society and no virus should put any such thing even in question. And if a new fascism like that starts to form it would be among a pile of other things that would need to be dealt with later, after we clear the Ponzi-conomy of the acute crisis.
Instead, this post is about the nearest and clearest danger (as I see it, anyway) and nothing about any of this good, including social stigmas that could come of it.
During the first campaign I got some good laughs from him. I never liked Donald Trump the debt-made business man and especially, media/TV figure. But when he stood there talking about how profusely Marco Rubio was sweating on stage during a debate "we can't have that" from our next President, I cracked up. I could laugh because I did not think he'd win the Republican nomination.
Since his election even as the sound of his voice and 3/4 of what that voice said grated on me I also had to laugh at the "crazy Bernie", "crooked Hilary", "mini Mike" and especially "sleepy Joe" taunts. The President of the United States making school yard cracks. It's funny because these politicians, on both sides, are not to be revered (aside from maybe Bernie, as a force of nature if nothing else). They are elected to work for us and we all know that is not how the system works, functionally. They and their parties enslave most of us with agenda. "Us" meaning we who are neither Democrat nor Republican, liberal nor conservative in the modern, established sense of those words.
But I think we are seeing a better Trump now. He has (mostly) put aside the schoolyard bully stuff and is presenting more often as a fully functioning adult (with the occasional goofy side act or mind boggling side ramble). I have a degree of confidence in him with respect to the Covid-19 situation, after his initial blunders. I also agree with his hesitation about going into full frontal PANIC! mode.
"We can't have the cure be worse than the problem," Trump told reporters at a press briefing. "We have to open our country because that causes problems that, in my opinion, could be far bigger problems."
While I have to filter the tin foil in my inbox talking about the liberal conspiracy to use Coronavirus as a means to further their agenda, there was Rham Emanuel and his crisis view from 2008. I saw this on Fox last night and got pissed due to the way they framed it, but then I remembered it was Fox and so this morning I read it in its actual 2008 Wall Street Journal context, which exposes Fox's Hannity as the Information Minister on the right, opposite to those Ministers on the left at MSNBC. He presented it as if Emanuel just uttered this yesterday, initially getting me pissed at Schumer and Pelosi for playing politics with the relief package.
From the WSJ in 2008:
"This opportunity isn't lost on the new President and his team. 'You never want a serious crisis to go to waste,' Rahm Emanuel, Mr.Obama's new chief of staff, told a Wall Street Journal conference of top corporate chief executives this week.
"He elaborated: 'Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with. This crisis provides the opportunity for us to do things that you could not do before.'"
But anyway, the Democrats had better not be holding this thing hostage for a "green New Deal" or other bullshit (work with me here, in the current context anything not focused on the acute situation is b/s) that can be debated later while people are getting cast out of their jobs.
Again, vigorously is he framing his propaganda against the other side's propaganda?
Ah, but it's a Trump post. If anyone knows about debt-based leverage to prop a business it's Trump. The United States as well as the global economy are completely levered to the ability to keep the debt edifice from melting down. If it goes, we all go. Trump is concerned about the cure being worse than the disease and he is right to be so. This thing goes down and doesn't come back he's right, the mass depression (in multiple forms), death through suicide, through aggression and outright desperation for a hubris addled nation of video gamers and reality TeeVee watchers would be mind boggling.
The Everything Bubble was not just in stocks and asset prices. It was in the very expectations of you, me, him, her, he, she, they and them. Everybody has got their slice of the pie now and in my opinion that's as it should be, provided the fucking pie is baked right. This one isn't. It's not baked, it's cooked up. The Coronavirus is stopping the can from being kicked down the road because the can kickers are in doors and the authorities are disbursing people from the road.
Trump is concerned about being able to bring this thing back, and I am with him on that. Global elites purposely shutting this thing down to critically impair Trump and install "sleepy Joe"? It is beyond my pay grade or honestly, interest, to start in on that crap.
But I come down on the side of the President here. Frankly, I wonder why those at any substantive level of risk were not quarantined the world over while the virus was allowed to work its way through the general populace and be on its way.
Sure, there would be death. There always is death. But if this soufflé drops and doesn't come back? You ain't seen nothin' yet.
So politicians had better not be holding things up for non-crisis agendas. You focus on people you fucking political dunderheads...on both sides of the aisle. Time is of the essence. Focus on people and the small businesses they work for...period. Down the road you can get back to promoting agenda.
Get a package done. We've been in Wonderland for years already. What's a few more trillion?

Gary Tanashian successfully owned and operated a progressive medical component manufacturing company for 21 years, through various economic cycles. This experience gave Gary an understanding of and appreciation for global macroeconomics as it relates to individual markets and sectors. Along the way, Gary developed an almost geek-like interest in technical analysis (TA), to add to a long-time interest in human psychology. Various unique macro market ratio indicators were also added to the mix, with the result being a financial market newsletter, Notes From the Rabbit Hole (NFTRH) that combines these attributes.

See the full archive of Gary Tanashian.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn



Market Fundamentals