Budget

With Leaders Like Those…

By David Stockman  |  January 14, 2019

Rulers who destroy men’s freedom commonly begin by trying to retain its forms…. They cherish the illusion that they can combine the prerogatives of absolute power with the moral authority that comes from popular assent.

– Alexis de Tocqueville, The Old Regime and the French Revolution (1856)

The Duopoly is coming – hard – for the Great Disruptor.

That’s the only explanation you need for the headline “F.B.I. Opened Inquiry Into Whether Trump Was Secretly Working on Behalf of Russia.”

In December, he got rid of two failed generals, pushing back – finally – against Forever War by ordering the troops out of Syria completely and Afghanistan substantially.

The gross public debt is now pushing $22 trillion. An increase to $40 trillion in the decade ahead is virtually baked into the fiscal cake. A lot of that, of course, is the Welfare State.

A lot of it, too, is because Imperial Washington wants to perpetuate “Team America: World Police.” That’s a $1.05 trillion gravy-train for fiscal 2019 alone, and the Duopoly wants it to continue…

The Warfare State budget includes U.S.-instigated wars and interventions from Tripoli to the Hindu Kush, the Baltic to the Black Sea. We’re also leaning in on Beijing’s stupid but harmless sand castles in their own backyard in the South China Sea.

That budget also covers the cost of 100,000 U.S. forces and support personal still deployed to Japan. Note that it’s now 73 years since Hiroshima and Nagasaki were incinerated by our A-bombs and the Land of the Rising Sun was demilitarized by MacArthur’s occupation forces.

And we still have 35,000 troops in Germany, seven decades after Hitler descended into Hades and three decades after the 50,000 Soviet tanks deployed on the central front were melted down for scrap.

There are more than 150,000 military and civilian personal to man 11 carrier battle groups when no other power on earth even has a blue-water navy worthy of the name.

In short, America is being bankrupted by an “Empire First” policy. That policy is only necessary to preserve the Duopoly’s status.

Consider Russia and the fervor Establishment types – Democrat and Republican – are stoking in the pages of the usual Deep State organs…

For all the ferocity trained its way, Russia is still just pint-sized economy. Its gross domestic product is $1.5 trillion. Its military budget is $61 billion.

It is a mere nuisance, not a material threat to homeland security whatsoever.

There is the matter of “humiliation,” which is what the Great Disruptor’s November 2016 electoral victory represents Inside the Beltway.

That’s why folks like Mitt Romney take to the pages of The Washington Post to decry a lack of “presidential leadership.”

It’s really about kissing the permanent ruling class’s collective ass.

They want a suave maître d’ in the Oval Office to peddle and praise their misguided, debilitating policies. They want to preserve theirprosperity, their status, their power…

That means asking no questions oat all about the fundamental purposes and functions of the Leviathan on the Potomac.

The Great Disruptor – an impetuous, uncouth, street-brawling megalomaniac – is a threat to all that. For all his rough edges, the Great Disruptor understands that prosperity and personal liberty aren’t gifts of the central government.

He also gets that America’s true genius lies not at the top, among ruling elites.

The foundation of America’s greatness is limited government at home and commerce with all nations but messy alliances with none.

And he’s exactly what we need in the Imperial City. He can’t be scripted, vetted, instructed, or held to a teleprompted whitewash of the policies of his ruling class bettors.

He’s Flyover America’s messenger from hell.

The Only “Safe Space” You’ll Ever Need…

Desperate times call for… “common sense” measures.

These are desperate times… how else to explain 600- and 800-point swings for the Dow Jones Industrial Average on what seems a daily basis?

This is not “normal.”

Markets are corrupted by monetary central planning. They’re confused. And the road back is going to be treacherous.

We’re looking at a major re-pricing for all financial assets. And thousand-point intraday or day-to-day swings are part of that equation. Those can be frightening… for “buy and hold” investors.

I have a different approach, one that combines strategy and tactics into a plan flexible enough for you to survive and thrive amid the coming chaos. It’s called “The Stockman Model.”

All we’re after is a little stability, perhaps a chance to pocket a windfall when opportunity presents…

Sincerely,

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David Stockman

Former White House Budget Director: 50% Crash Coming!

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David Stockman

David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President Ronald Reagan.MORE FROM AUTHOR