By Chris Rossini
Trump's much talked about advisor Steve Bannon was interviewed by The Hollywood Reporter. Let's just say giving him the moniker "Big Government Bannon" would be an understatement. If Hillary Clinton were to say what Bannon said, her opponents would (rightly) have a conniption!
The problem in America is that we're all (besides the crony few) being crushed by a gargantuan federal state. At this stage in the game, to suggest that government expand in any way whatsoever means the "land of the free" has become the "land of the masochists."
We already know that Trump wants to "rebuilt" a military that needs absolutely no "rebuilding". That's a terrible move considering no nation is even remotely contemplating invading the United States. Trump should be bringing the troops home and putting the military empire out to pasture.
But he's not. So we're going to have to absorb that blow.
Now we have Trump's Advisor Steve Bannon saying to The Hollywood Reporter:
I’m the guy pushing a trillion-dollar infrastructure plan. With negative interest rates throughout the world, it’s the greatest opportunity to rebuild everything. Ship yards, iron works, get them all jacked up. We’re just going to throw it up against the wall and see if it sticks.
First of all, has the Federal Reserve's counterfeit dollar become so worthless that we're throwing the word "trillion" around with reckless abandon?
Since government has nothing, and must steal every cent that it has, are Americans so weak as to just accept politicians siphoning off a trillion dollars of our hard-earned money?
Next, interest rates are artificially manipulated by the central banks. Artificial rates lead people to make economic decisions that they'd never make were they dealing with market rates.
Artificial rates sow the seeds of economic disaster in the future. Have we forgotten how The Fed's artificially low rates created the Nasdaq stock bubble? Did we forget the economic pain that followed that illusion?
Did we forget the even bigger housing bubble that The Fed created with its artificially low-interest rates? How about the even greater economic pain that it produced when the jig was up?
Here comes Steve Bannon to say that government (!) should "rebuild everything". He wants everything "jacked up" and wants government to throw our hard-earned money "up against the wall and see if it sticks."
Does this not sound like the day-trader of 1999, who took out a loan to "throw it" at Pets.com, or eToys?
Does it not sound like the home-flipper who took a loan to enter a lottery on Florida homes?
Are we now ready for the government to create the biggest bubble of them all? Are we ready to endure the astronomical economic pain that must follow?
"Big Government Bannon" has the ear of the incoming President.