A Crisis of Confidence

 (AP Photo/Jacquelyn Martin, Pool)

By David Glenn Cox

It is integral to the Trump conundrum to understand his duality and reality. On the one hand, the King is a conniving fraudster and confidence man extraordinaire. While at the same time a butterfingered baboon that only knows what he’s been told without any original thinking behind it besides graft.

“Now would be a good time to buy – DJT.” The most public and profound insider trading scandal in modern American history. The grounds for the King’s upcoming impeachment! If you bought a large volume of stock between the King’s hint and his 180-degree tariff turnabout. You should probably contact your attorney right away and make plans for life after politics and or prison. To catch them all in one net. Who knew it could be so easy?

But the boob factor says he just blurted it out the way a common pitchman would. Hurry, hurry, hurry don’t be late. There will never be another time like the present! But…if a certain group or elected persons in the known group bought large volumes of stock. It is the end of the line. And you knew it had to happen, didn’t you? You just knew it was going to happen. I’m just surprised by the crudeness of the attempt myself that points to such stupidity. You didn’t think you’d get away with that, did you?

But a funny thing happened on the way to the end of the world. Generally, usually, most always in times of economic upheaval investors buy dollars as a safe haven. But that didn’t happen this time. Investor money went to the Japanese Yen instead. Somehow now considered a safer haven than the Trump dollar. An international crisis of confidence. We poor Americans souls must endure the King, but the rest of the world simply does not.

This is all the ideological wet dream of greedy people who think they are super intelligent but aren’t. They see their avarice and greed as a sign of their own intelligence. Seeing every event through the lens of personal gain. To create a Capitalist utopia where the workers are taxed at 100% and the wealthy aren’t taxed at all. Without giving a thought to how the world economy might respond. They’ll take it! They’ll have to take it. They’ll take it and like it! But what if they stop buying our dollars and our Treasury bills? It could drive interest rates higher than the Woodstock crowd. The value of the dollar could be laid low!  Naw, they wouldn’t do that!

There are some rules in life which are immutable. You can rob your friends. You can cheat on your taxes. You can cheat on your spouse. You can do hundreds of awful things and still get off Scot free. But you must never, ever, ever! Hurt the machine. You can steal from the little people all day long if you like. But when you begin your Bunko scams in the back yards of the wealthy? Screwing around in the place where the obscenely wealthy store THEIR money? Friend Donald, they will squash you like a bug. It was Big money which put Donald into office and big money will also put Donald out of office.

It’s been a tough week for a King to be this weak in just one week. Apologies, excuses and bubble headed demands. Stock market crashes, bond market meltdowns with 4,000-point wild market gyrations. When the King announces, “I’m not admitting I’m wrong or anything, but I’m “pausing” the tariffs.” Crime or slime the world is losing patience with the United States. “Oh, I meant to do that!”

Through the King’s spokesman for secret government affairs. Pete Hegseth tells us our real enemy is China. That we’re gearing up for a war with China. And the King’s trade aggressiveness towards China is completely unrelated.

War with China, War with Iran, War in Taiwan or War in South Korea. Take your pick or try all three at once! For every action there is an equal and opposite reaction. “Those who chose to ride on the back of a tiger sometimes end up inside.” – John Kennedy. Imagine the silent push back of a Federal bureaucracy wounded by the wolf. For many years now, Republicans have hungered to attack Iran. Iran has been one week away from building a nuclear bomb now for twenty-five years. The Pentagon wants no part of it.

The Navy gets nervous in narrow waters. The Air Force can only drop bombs from afar. The US has nothing in its arsenal short of nuclear or Normandy invasion to force an Iranian surrender. A prolonged war against an entrenched and not incapable enemy. But if the US is busy in Iran. Maybe China takes Taiwan, or Fat boy goes to war in Korea.

I imagine their plan sounded pretty good over a few drinks with the caveat, “And we’re all going to get rich too!” They were playing three-dimensional chess on a one-dimensional board. They only thought they knew what they were doing. The King moves towards his mythical 100 days in big trouble. Failure and fiasco in every door and window with nothing good to show for it.

Tens of millions of Americans are losing faith in Donald Trump faster than they are losing their retirements. Fortunately for the King, what happens to little people doesn’t matter. But the King is hurting the machine and that does matter,  and it won’t be tolerated. Not for long.

It all sounded so good! Cut taxes on the wealthy and make up the difference with taxes on the little people. Who knew it would cause a worldwide economic crisis? A crisis which will impose a Trump tax on the wealthy higher than any they ever would have paid otherwise.

The Markets won’t ever work, and the crisis won’t ever end as long as Donald Trump remains in office. The markets no longer believe in Donald Trump. Trump has become a horror show undermining the confidence of the entire world. And when this is all over and written in the history books Judas Iscariot will look like a citizen of the week next to Donald Trump.

“Confidence… thrives on honesty, on honor, on the sacredness of obligations, on faithful protection and on unselfish performance. Without them it cannot live.”  ― Franklin D. Roosevelt

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