TRUMP IS TRUMPED IN THE KEYNESIAN ECONOMICS

TRUMP IS TRUMPED IN THE KEYNESIAN ECONOMICS

Hugo Adan. Dec 6 2019

The article:  Wild, Rollercoaster Week Ends Where It Started After Blockbuster Jobs, Return Of "Deal Optimism"  [ vs. DEAD Optimism ]

Ended up with this statement:

Finally, this was and remains a market where one Trump tweet can mean the difference between a successful and catastrophic year for countless traders, and something tells us the coming three weeks, which see both the culmination of trade discussions and Trump's impeachment, will be anything but quiet.

I will be quiet too.. it means that I will continue pushing from Trump out of power.. but I guess ALL DEPENDS ON THE SUPREME COURT… Otherwise, the violence chaos will divide our Nation. Election with Trump inside is the start of violent chaos. Trump must resign: he has not chances of governability if he win elections. I hope he won’t win,  BUT with the current fraudulent electoral system that allows buying votes and the use of fraudulent machines counting votes, he could win .

The circulation of elites is faster in the center of global power that in the periphery, several scholars said so & I’m seeing the future of Trump with the lenses of political science. I can’t deny his lessons on power: he defies key parts of the establishment and I admire him for doing so,  but he has not ‘a post-neoliberal agenda’ .

Trump is trumped in the keynesian economics that forced the spending of the Govt (specially the State in arms & wars abroad), plus the spending of consumers & investors to stimulate the GDP. This  Economics doesn’t work any longer, though with interest rate cut 3 times it foster the power of the rich to buy more overvalue  houses & other  market values. Saving & production investment has been abandoned. Soon or lather the huge debt will hit us

To combat depression by forcing  credit expansion and lower interest rates, to  buy & sell any overvalue item in market, is like giving free money to them. Manipulating  interest rate allow the 1% to be richer.  For how long?, nobody knows but everybody knows that one more QE is coming, plus bailouts for those whose  gluttony has not been satisfied.  

WHAT ABOUT THE MIDDLE & WORKING CLASSES?.

The upper middle class who paid  high interest rate for their loans can get now the benefit of this capitalist expansion for the supper rich, IF and only IF the lower interest rate is retroactive  to their previous loans. If so they could became a new rich class. IF don’t, they will be the worst enemy of the 1% (the super-billionaires) .

The middle  & lower layers of the middle class didn’t get nothing (or almost nothing) with previous cuts of interest rates and they will have lower chances of getting better with  more cuts of  interest rates. They in fact run small business & keep alive the whole economic system ; they deserve benefits from the new QE coming.

 The working classes don’t have real life, the minimum salary have not been raised for years, they survive in America. The burden of current capitalist expansion is on their shoulders. Some of them have loans and if the cuts on interest rate are retroactive  to them,  they can alleviate their situation.  

We can say that the working classes & the  millennial got nothing from the current expansion of the rich. The rich will buy robots & high teck to destroy their current labor-job. The real future for them is a socialist regime or/and a  revolution.   

The Keynesian idea that spending drives economic growth became a trap: the US GDP didn’t growth for years & less even with the  3 rounds of  interest rate cats. The pumping of fake USD didn’t make the consumer & investor expending more productive (the sell of our car-polluters are stopped) . Real industrial production is dying, what we have instead is the growth of speculation in WS & Chicago.

Our spending in weapons & wars abroad is the only inhuman business that flourished. And in the mind of big profiteers of war is the expansion toward China a RU via WW3; that is in their mind of current US billonaires. Such stupidity didn’t realize the meaning of MAD (mutual assured destruction)  and don’t care for the life of our nation nor the whole humanity.   

The trap of the Keynesian economics (facilitate consumer & state expending  & the buying of houses and other expensive & over-value items by the rich with lower interest rate ) will not stop the current economic depression. Not by pumping more USD from the thin air. We cannot cure evilness with the same means that brought this depression. That was said by F Hayek, one of the main thinker of liberalism. This miss direction of production requires to mixing capitalism with socialism, as FDR did it, without mentioning that taxing the rich was a socialist idea.

We need to place more attention to the Public Needs; not to the interest of private  greed of big billonaires. Trump will try to reproduce the same system that creates explosive inequality and that is the path to violent chaos. This system is condemned to explode. That is the main reason why Trump should abandon his political race.

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