America

Submitted by Patrick Buchanan via Buchanan.org,

The lights are burning late in Davos tonight.

At the World Economic Forum, keynoter Joe Biden warned global elites that the unraveling of the middle class in America and Europe has provided “fertile terrain for reactionary politicians, demagogues peddling xenophobia, anti-immigration, nationalist, isolationist views.”

Evidence of a nationalist backlash, said Biden, may be seen in the third parties arising across Europe, and in the U.S. primaries.

The lights are burning late in Davos tonight.

At the World Economic Forum, keynoter Joe Biden warned global elites that the unraveling of the middle class in America and Europe has provided “fertile terrain for reactionary politicians, demagogues peddling xenophobia, anti-immigration, nationalist, isolationist views.”

Evidence of a nationalist backlash, said Biden, may be seen in the third parties arising across Europe, and in the U.S. primaries. But set aside Joe’s slurs—demagogues, xenophobia.

Over the course of the last several weeks, we’ve spent quite a bit of time sounding the alarm bells on America’s growing list of bankrupt oil and gas drillers.

We’ve also been keen to point out that the long list of cash flow negative US producers has only managed to stay in business this long because Wall Street has thus far been willing to plug the sector’s funding gap with cheap financing thanks to ZIRP and investors’ insatiable demand for anything that looks like it might offer some semblance of yield.

Submitted by Paul Craig Roberts,

In case you didn’t get the message, Donald Trump is going to “make America great again.”

Typically, campaign slogans try to capture something or other about the candidate by alluding to experience or values or whatever it is politicians believe will set them apart from the field.

But not Trump.