Posted originally on the CTH on September 16, 2024 | Sundance

Jumpin’ ju-ju bones, I think we may have found Wilbur Ross’s replacement.  In this segment on CNBC Trump transition team leader Howard Lutnick, explains simple MAGAnomics to the panel.  Make this guy both Commerce Secretary and Chairman of the National Economic Council in 2025!

Starting with an explanation of his role within the Trump 2025 transition team, Lutnick then walks through the MAGAnomic principles enmeshed in President Trump’s economic policies.  Mr. Lutnick begins the policy part by outlining how energy restrictions are driving inflation through higher costs of goods. Yes. Yes and Yes.

Then Lutnick shifts to talking about tariffs and is one of the only advisors outside the 2017 team (Robert Lighthizer, Wilbur Ross) who factually references ending the insufferable “Marshal Plan.”  Again, yes, yes and YES.

Howard Lutnick gets it. The essential core of MAGAnomics.  Drive down the cost of goods through expanded energy development, then leverage reciprocity in tariffs to end the exfiltration of wealth.  Then cut out regulation and unleash American enterprise. This is the way to reverse this insufferable economic trajectory that creates a “service driven economy.”   The entire interview is well worth watching:

A bonus video below.

One video with two minutes of Kamala Harris and Donald Trump both answering the same question. Listen to both sets of answers and it is clear who factually understands what needs to be done, and who is totally clueless.

President Trump and Kamala Harris were each asked about their specific plan for the economy to benefit the American people.

Let's compare and contrast their responses. Each candidate gets two minutes.

Go!

Links to full interviews:
1. https://t.co/aFY9I31tqK
2.… pic.twitter.com/l70wT9AGY7

— Golden Advice 🇺🇲🇺🇲🇺🇲 (@RichardStiller4) September 16, 2024

President Trump economic policy -vs- Joe Biden economic policy

When wages (blue line) are above inflation (red line) our income is growing, life is good and the working class has more disposable income to enjoy life.  However, when wages (blue line) are lower than inflation (red line) our income is shrinking, life is a struggle and the working class has less disposable income to enjoy life.

♦ Point One – Nothing happens accidentally. The road to a “service-driven economy” is paved with a great disparity between financial classes. The wealth gap is directly related to the inability of the middle class to thrive.

♦ Point Two – There is nothing of value behind the obtuse term “service-driven economy.” The multinationals are paying for this administration, just like they paid the Obama administration; paying for economic policy that advances their interests.  Congress goes along with the K-Street demands, because Wall Street is now the primary benefactor of legislative intent. Nothing about their effort is done with American interests in mind.

To go deep, keep reading.

♦ Point Three – Traditional Fascism was defined as an authoritarian government working hand-in-glove with corporations to achieve totalitarian objectives. A centralized autocratic government headed by a dictatorial leader, using severe economic and social regimentation, and forcible suppression of opposition.

That governmental system didn’t work in the long-term because the underlying principles driving free people rejected government authoritarianism.  Fascist governments collapsed, and the corporate beneficiaries were nulled and scorned.  Then along came a new approach to achieve the same objective.

The World Economic Forum (WEF) was created to use the same fundamental associations of government and corporations.  Only this time the corporations organized to tell the governments what to do.  The WEF was organized for multinational corporations to assemble and tell the various governments how to cooperate to achieve control.

Fascism is still the underlying premise, the WEF just flipped the internal dynamic.

The assembly of the massive multinational corporations, banks and finance offices now summon the government leaders to come to their assembly and receive their instructions.  Some have called this corporatism. However, the relationship between government and multinationals is just fascism essentially reversed with the government doing what the corporations tell them to do.

…A massive multinational corporate conglomerate; telling a centralized autocratic government leader what to do; and using severe economic and social regimentation as a control mechanism; combined with forcible suppression of opposition by both the corporations and government.

Then we broke the glass, hit the emergency button and called Batman.

♦ Point Four – Donald J Trump was/is a walking red-pill; a “touchstone”: a visible, empirical test or criterion for determining the quality or genuineness of anything political. I have been deep enough into the network of the Deep State to understand the scale and scope of this enemy. To think that President Trump alone could carry the burden of correcting four decades of severe corruption of all things political, without simultaneously considering the scale of the financial opposition, is naive in the extreme.

POTUS Trump was disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. He was fighting, almost single-handed, at the threshold of the abyss. Our American interests, our MAGAnomic position, was/is essentially zero-sum. His DC and Wall-Street aligned opposition (writ large) needed to repel and retain the status-quo. They desperately wanted him removed so they could return to full economic control over the U.S, because it is the foundation of their power.

Without Donald J. Trump, these entities would still be operating in the shadows. With Donald J. Trump, we can clearly see who the real enemy is.

In these economic endeavors President Trump was disrupting decades of financial schemes established to use the U.S. as a host for their endeavors. President Trump was confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of the host (USA) ie YOU. There are trillions at stake; it is all about the economics; everything else is chaff and countermeasures.

In most of the modern post-war industrial era (1950-1980), banking was a boring job and only slide rule bean counters and actuarial accountants moved into that sector of the workforce. Most people don’t like math – these were not exciting jobs. Inside the most boring division of a boring banking industry were the bond departments within the larger bank and finance companies.

The excitement was in the actual economy of Main Street business. The giants of industry created businesses, built things, manufactured products, created innovation and originated internal domestic wealth in a fast-paced real economy. Natural peaks and economic valleys, as the GDP expanded and contracted, based on internal economic factors of labor, energy, monetary policy and regulation.

Main Street generated the pool of political candidates, because the legislative conduct of politicians had more impact on Main Street.  Simply, the business agents had a vested interest in political determinations.

Political candidates courted industrialists, business owners, and capitalist giants to support them. As a consequence, Main Street USA was in control of DC outcomes.

Despite the liberal talking points to the contrary, this relationship was a natural synergy of business interests and political influence. It just made sense that way, and the grown-ups were generally in charge of it.

♦ Commercial banks courted businesses because bankers needed deposits. Without deposits banks could not generate loans; without loans banks could not generate profits…. and so it was. By rule, only 10 percent of a commercial bank’s income could stem from securities.

One exception to this 10% rule was that commercial banks could underwrite government-issued bonds. Investment banks (the bond division) were entirely separate entities. The Glass-Steagall banking laws of 1932 kept it that way.

However, mid 1970’s bank regulators began issuing Glass–Steagall interpretations -that were upheld by courts- and permitted banks and their affiliates to engage in an increasing variety and amount of securities activities. After years of continual erosion of the Glass-Steagall firewall, eventually it disappeared.

This became the origin of the slow-motion explosion of investment banking. If you look back historically from today toward 1980 (ish), what you will find is this is also the ultimate fork where economic globalism began overtaking economic nationalism.

Banks could now make money, much more money, from investment divisions issuing paper financial transactions, not necessarily dependent on actual physical assets. The transactions grew exponentially.

The bond market portion ultimately led to the ’07/’08 housing collapse, and derivative trading (collateralized debt obligations or CDO’s) generated trillions of paper dollars. Long before the ’08 collapse, business schools in 1980 began calling this the second economy (a false economy, or the invisible economy).

The second economy, which ultimately became the global economy, is also the Wall Street investment economy. Two divergent economies: Wall Street (paper), and Main Street (real).

There is no real property, real capital, real tangible assets in the Wall Street economy. The false economy is based on trades and financial transactions, essentially opinions. Paper shifts, and buys and sells based on predictions and bets (derivatives).

Ford Motor Company (only chosen as a commonly known entity) has a stock valuation based on their actual company performance in the market of manufacturing and consumer purchasing of their product. However, there can be thousands of financial instruments wagering on the actual outcome of their performance.

There are two initial bets on these outcomes that form the basis for Hedge fund activity. Bet ‘A’ that Ford hits a profit number, or bet ‘B’ that they don’t. There are financial instruments created to place each wager. [The wagers form the derivatives] But it doesn’t stop there.

Additionally, more financial products are created that bet on the outcomes of the A/B bets. A secondary financial product might find two sides betting on both A outcome and B outcome.

Party C bets the “A” bet is accurate, and party D bets against the A bet. Party E bets the “B” bet is accurate, and party F bets against the B. If it stopped there, we would only have six total participants. But it doesn’t stop there, it goes on and on and on…

The outcome of the bets forms the basis for the tenuous investment markets. The important part to understand is that the investment funds are not necessarily attached to the original company stock, they are now attached to the outcome of bet(s). Hence, an inherent disconnect is created.

Subsequently, if the actual stock doesn’t meet it’s expected P-n-L outcome (if the company actually doesn’t do well), and if the financial investment was betting against the outcome, the value of the investment actually goes up. The company performance and the investment bets on the outcome of that performance are two entirely different aspects of the stock market. [Hence two metrics.]

Insurance products create an even larger subdivision within the false economy as hedgers wagered on negative outcomes. The money wagered is exponential – some say more than a quadrillion currently floats.

♦ Now you realize, in hindsight, there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street). Investments, and the bets therein, needed to expand outside of the USA.  Hence, globalist investing.

However, a second more consequential aspect happened simultaneously.

The politicians became more valuable to the Wall Street team than the Main Street team; and Wall Street had deeper pockets because their economy was now larger.

As a consequence, Wall Street started funding political candidates and asking for legislation that benefited their interests.

When Main Street was purchasing the legislative influence the outcomes were beneficial to Main Street, and by direct attachment those outcomes also benefited the average American inside the real economy.

When Wall Street began purchasing the legislative influence, the outcomes therein became beneficial to Wall Street. Those benefits are detached from improving the livelihoods of main street Americans because the benefits are “global” needs. Global financial interests, investment interests, are now the primary filter through which the DC legislative outcomes are considered.

Democrats want power; Republicans want money.  Threaten Democrats power, they get vicious.  Threaten Republicans money, they get vicious.  Democrats use money to get power; Republicans use power to get money.  The ideology of the democrats drives their donor activity.  The donor activity drives the republican ideology. 

This is the core and essential difference between both wings of the DC UniParty, two wings of the same vulture.  This is the truth of the thing. Underline it, put it on Post-it notes, remind yourself of this baseline in all review of both parties.  This is the core motive behind everything!