David Stockman

Needless to say, the chart monkeys are struggling to get their footing. The S&P 500 closed 2.6% below its 50-DMA and 2.4% below its 200-DMA, but in an end-of-session stick-save it shinnied its noise a hair (o.3%) above the 50-week MA Maginot Line. That is, the market closed at 2696 – eight handles above the … Continue reading “How George H.W. Bush Blew the Peace and Donald Trump Threatens Prosperity”

You can’t build the Empire and drain the Swamp at the same time. That’s because the Swamp is largely the fruit of Empire. And it’s also the reason that the Donald is being rapidly undone. Indeed, it is the Empire’s $800 billion national security budget which feeds Washington’s vast complex of weapons suppliers, intelligence contractors, … Continue reading “The Donald Undone: Tilting at the Swamp, Succumbing to the Empire”

Read part 1 The explanation for the kind of soft-power aggression embedded in Washington globe-spanning "sanctions" regime, as we detailed in Part 1, is not national security: It’s simply what Imperial Washington does for a living. In the same vein, the billions of taxpayer money being pumped through the foreign policy agencies, NGOs, think tanks, … Continue reading “Trump: Declassify the Russia-Gate Hoax”

When the Donald promised to "drain the swamp" during the 2016 election campaign – it did sound vaguely like an attack on Big Government, and at least a directional desire to shrink the state and let free market capitalism breathe. After 22 months in office, however, the truth is patently obvious: The only Swamp that … Continue reading “Hey, Mr. Trump! Tear Down That Deep State Wall – Of Secrecy”

Read part 1, part 2, part 3, and part 4. The terrorist threat that has arisen from the Sunni side of the Islamic divide is largely of Washington’s own making; and it is being nurtured by endless US meddling in the region’s politics and by the bombing and droning campaigns against Washington’s self-created enemies. At … Continue reading “Washington’s Erroneous Notion That the Persian Gulf Is an American Lake”

Read part 1, part 2, and part 3 When the Berlin Wall fell in November 1989 and the death of the Soviet Union was confirmed two years later as Boris Yeltsin courageously stood down the red army tanks in front of Moscow’s White House, a dark era in human history came to an end. As … Continue reading “Still No Peace On Earth”

Read part 1 and part 2 The Great European War posed no national security threat whatsoever to the US. And that presumes, of course, the danger was not the Entente powers – but Germany and its allies. From the very beginning, however, there was no chance at all that Germany and its bedraggled allies could … Continue reading “Wilson’s Great War”

As we noted in the previous article, without America’s 11th hour mobilization, the Great War would have ended in a stalemate of exhausted, bankrupted, demoralized European combatants in 1917. There would have been no abomination known as the Versailles peace treaty because it was a toxic peace of victors. But without America’s tens of billions … Continue reading “How Woodrow Wilson Ruined Everything”

This weekend the Donald took some heavy duty flack from liberals, Dems, the MSM and harrumphing patriots for canceling his appearance at a wreath laying ceremony at the famous WWI battle site at Belleau, France owing to inclement weather. For instance, former Secretary of State, John Kerry got himself worked into high dudgeon: Mr. Kerry … Continue reading “America Should Have Skipped the War, Not Just the Ceremony”

During an appearance on Fox Business yesterday we were asked about the Khashoggi affair and whether any intemperate response by Washington might inconvenience the party kids’ reviling on Wall Street. Perhaps we were having a bad hair day, but the question did trigger a fairly intemperate response on our part. For crying out loud, Mohammed … Continue reading “The Damnable Cult of the Stock Market and the Istanbul Bonesaw Massacre”