David Stockman

Read Part 1 Read Part 2 Woodrow Wilson’s Folly gave rise to more than the 1,000 year flood of Nazi and Soviet totalitarianism and their state orchestrated campaigns of mass murder. It also opened the door to massive, cheap war finance. And that baleful innovation has sustained the Empire long after Hitler and Stalin met … Continue reading “Why the Empire Never Sleeps: War Finance Made Easy, Part 3”

Read Part 1 The rise of the murderous Nazi and Stalinist totalitarian regimes during the 1930s and the resulting conflagration of World War II is held to be, correctly, the defining event of the 20th century. But that truism only begs the real question. To wit, were these nightmarish scourges always latent just below the … Continue reading “Why the Empire Never Sleeps: The Indispensable Nation Folly, Part 2”

Like the case of Rome before it, the Empire is bankrupting America. The true fiscal cost is upwards of $1.0 trillion per year (counting $200 billion for veterans and debt service for wars), but there is no way to pay for it. That’s because the 78-million strong Baby Boom is in the driver’s seat of … Continue reading “Why the Empire Never Sleeps: The Indispensable Nation Folly, Part 1”

At his so-called Cabinet meeting this morning, the Donald basically threatened Iran with annihilation if it does what 15 other signatories to the nuclear non-proliferation treaty (NPT) do every day: Namely, increase production of industrial grade nuclear fuel (3.5%-5.0% purity) at its enrichment plant at Natanz – which, in any event, is crawling with IAEA … Continue reading “The Deep State First – Madness On Both Ends of the Acela Corridor”

The Donald’s action to ash-can the Iranian nuclear deal marks the War Party’s complete and baleful triumph. There is now nothing much left of America First. Trump’s reckless, unwarranted and utterly irrational action will pull Washington ever deeper into an incendiary middle eastern vortex of political and religious conflict that has absolutely nothing to do … Continue reading “The Donald’s Done – The Deep State Wins Its War On America First”

The contra-narrative about Assad’s alleged gas attack is gaining traction as the evidence comes in. It increasingly seems probable that some folks suffocated or were overcome with smoke inhalation and hypoxia (oxygen deprivation) when buildings, tunnels and underground bunkers collapsed into clouds of dust during the final battle for Douma last Saturday. Then the desperate … Continue reading “The Deep State and the Big Lie – Douma Deposed”

When the Cold War officially ended in 1991, Washington could have pivoted back to the pre-1914 status quo ante. That is, to a national security policy of America First because there was literally no significant military threat left on the planet. Post-Soviet Russia was an economic basket case that couldn’t even meet its military payroll … Continue reading “America First – R.I.P.”

Perhaps we have missed something: Like the possibility that the canyons of Wall Street are actually located on another planet several light years from earth! Otherwise, how can you explain the equipoise of a stock market sitting at the tippy-top of a nine-year bubble expansion and confronted with the potential outbreak of World War Three? … Continue reading “The Deep State Closes In On the Donald Over Syria”

Last week the Donald’s incipient trade war got Wall Street’s nerves jangling, but that wasn’t the half of what’s coming. To wit, Trump has now essentially formed a War Cabinet and signed a Horribus spending bill that is a warrant for fiscal meltdown. Indeed, the two essentially comprise a self-fueling doom loop which means Washington’s … Continue reading “America’s State Wreck Gathers Steam: The Donald’s War Cabinet and the Fiscal Doom Loop”

They say that even a blind squirrel occasionally finds an acorn, and by our lights the Donald just proved that in spades with his spur of the moment acceptance of Kim Jong Un’s proposal for a summit meeting. It is no exaggeration to say that the shock of it nearly sent Imperial Washington into cardiac … Continue reading “Trump’s Spur of the Moment ‘Yes’ Unmasked 68 Years of Washington Duplicity”