BRITISH MOUTHPIECE OF THE ESTABLISHMENT DESPISES TRUMP

This ancient fossil with bad teeth and his nose up the ass of  EU central bankers thinks Trump will destroy the world. This is a guy who thinks the EU central bankers just haven’t printed enough euros, issued enough unpayable debt, or lowered interest rates far enough into negative territory. He’s Paul Krugman with a goofy accent. Larry Summers earlier in the week and now this pompous asshole today. The more mouthpieces for the oligarchs like them that hate Trump, the closer I am to voting for him. The enemy of my enemy is my friend.

Donald Trump embodies how great republics meet their end

The Americans will have to decide what sort of person they want to put in the White House
James Ferguson illustration©James Ferguson

What is one to make of the rise of Donald Trump? It is natural to think of comparisons with populist demagogues past and present. It is natural, too, to ask why the Republican party might choose a narcissistic bully as its candidate for president. But this is not just about a party, but about a great country. The US is the greatest republic since Rome, the bastion of democracy, the guarantor of the liberal global order. It would be a global disaster if Mr Trump were to become president. Even if he fails, he has rendered the unthinkable sayable.

Mr Trump is a promoter of paranoid fantasies, a xenophobe and an ignoramus. His business consists of the erection of ugly monuments to his own vanity. He has no experience of political office. Some compare him to Latin American populists. He might also be considered an American Silvio Berlusconi, albeit without the charm or business acumen. But Mr Berlusconi, unlike Mr Trump, never threatened to round up and expel millions of people. Mr Trump is grossly unqualified for the world’s most important political office.

Yet, as Robert Kagan, a neoconservative intellectual, argues in a powerful column in The Washington Post, Mr Trump is also “the GOP’s Frankenstein monster”. He is, says Mr Kagan, the monstrous result of the party’s “wild obstructionism”, its demonisation of political institutions, its flirtation with bigotry and its “racially tinged derangement syndrome” over President Barack Obama. He continues: “We are supposed to believe that Trump’s legion of ‘angry’ people are angry about wage stagnation. No, they are angry about all the things Republicans have told them to be angry about these past seven-and-a-half years”.

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QUOTE OF THE DAY

“To put it crudely, the US wants to inflate the rest of the world, while the latter is trying to deflate the US. The US must win, since it has infinite ammunition: there is no limit to the dollars the Federal Reserve can create. What needs to be discussed is the terms of the world’s surrender: the needed changes in nominal exchange rates and domestic policies around the world.”

Martin Wolf, Financial Times, 12 Oct 2010