"No warning can save people determined to grow suddently rich" - Lord Overstone

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The End Is Near

The End Is Near

The doomsayers have been calling…

Stocks Fail to Hold Gains, But Still No Correction

Stocks Fail to Hold Gains, But Still No Correction

The U.S stock market indexes…

Irredeemable Currency De-tooths Savers

Irredeemable Currency De-tooths Savers

An irredeemable currency system traps…

Profound Political Change

The popular uprising has become distinctively successful. Worthy of the name "American Spring", it will likely continue for decades. As a start, the map of the wins and losses on the county by county basis tells the story. Support for ambitious and authoritarian government is found mainly in the major cities. The Urban Socialist vote that demands entitlements. As with the financial markets, there will be some advances and some setbacks, but another reformation of in-your-face and in-your-wallet government is well underway.

We have often compared the movement to the one in Eastern Europe that took down the Berlin Wall. That was on November 9, 1989. Over the past eight years, the Democratic administration has been unusually ambitious in building the regulatory equivalent of the Berlin Wall. Symbolically speaking, the Trump administration with growing support will be taking it down.

Brick by brick.

On the historical picture, this could eventually be described as another Great Reformation. Similar to the one that in the early 1600s ended the last great experiment in authoritarian government. The previous such experiment distorted Rome into a murderous police state. The thrust to corruption also lasted for some 100 years. The experiment in intrusive government that is ending now began around 1900.

This is a very profound political event which is constructive. That's for those who think the social contract should have government in fear of the people. Not people in fear of government. The win also shows a returning regard for the concept of common law that applies equally to everyone. Let's call it a return to constitutional norms. These are the key motivating items.

This has been the brighter side.

On the dismal side, the Washington swamp really needs draining. And it will be resisted as fiercely as DC fought the election. Government, Main Stream Media and the Democratic Party became a monolithic and dangerous political entity. It will not willingly shed status, power and ambition.

But on the struggle, bureaucrats will no longer be on the offensive, but they can still be troublesome on the defensive. Once out of its "me too" liberal mode, the Republican majority in both houses can work effectively with the new president.

Considering Trump's appalling use of bling, the taps for draining the swamp could be gold plated.

 

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