America

from The Great Recession Blog by David Haggith

Establishment Republicans have a plan to help workers because they hear you after all the clamor that has formed around Donald Trump. That is how they bill it anyway — a plan to help laborers. They have heard through their marble walls that some of you are not happy with wages that have been stagnant for decades. So, they have hatched a brave new plan.

Are you ready to see some innovative thinking now that they have had the better part of a decade to come up with something?

“The two living Republican past presidents, George H.W. Bush and George W. Bush, have no plans to endorse Trump, according to their spokesmen.” So said the lead story in the Washington Post.

Graceless, yes, but not unexpected. The Bushes have many fine qualities. Losing well, however, is not one of them. And they have to know, whether they concede it or not, that Trump’s triumph is a sweeping repudiation of Bush Republicanism by the same party that nominated them four times for the presidency.

Two weeks ago, long before the outcome of the Indiana primary was known, we first reported that it was Jeff Gundlach's opinion that Donald Trump would be the winner of the 2016 presidential race. For those who missed it, here are the key excerpts from his interview posted on April 22.

Q. Who do you think will win the race for the white house?

 

Authored by James Grant via Grant's Interest Rate Observer,

April 15 comes and goes but the federal debt stays and grows. The secrets of its life force are the topics at hand— that and some guesswork about how the upsurge in financial leverage, private and public alike, may bear on the value of the dollar and on the course of monetary affairs. Skipping down to the bottom line, we judge that the government’s money is a short sale.

Somnolent Europe, Russia, and China
Can the world wake up?

Paul Craig Roberts

On September 19, 2000, going on 16 years ago, Ambrose Evans-Pritchard of the London Telegraph reported:

“Declassified American government documents show that the US intelligence community ran a campaign in the Fifties and Sixties to build momentum for a united Europe. It funded and directed the European federalist movement.