So a President elected on 70 percent of the registered voters in the United States is treated like a ‘piece of shit’ – by all and sundry throughout the globe – exception of course to the 70 percent of American voters – who actually voted for Trump and are fed up with the corrupt politics.
Trump is hamstrung to appointments in his Administration – as the Republicans and Democrats – the USU – United States Uniparty – defy logic and delay – defer and procrastinate on the 1,100 Trump appointments listed in the Plum Book.
From memory only 37 appointments to date – and I can assure readers that these appointments are not beneficial to Trump – nor his administration.
As I understand it Wray may be approved as the Director of the FBI – which in my view is no better or worse than Comey.
So the Republicans control Senate and Congress – but are happy to subrogate themselves to the Democratic Party and the deferment of appointments – as they are against the President and his policies.
So Trump cannot in reality do anything – the economy is flailing and Obamacare destroying individual State’s economies – whilst the Republicans bleated about repeal and replace over the 7 years of Obama – they cannot separate vested interests from the public interests.
It is not Trump that is the laughing stock of the world – it is the self interests of both the Republicans and Democrats – the neo conservatives and the big pharmaceuticals – in their attempt to dethrone this outsider.
So nothing will be done to fix the U.S. economy – and nothing will be done to address the fiasco that is Obamacare – therefore we look at the almighty dollar.
The inability of the U.S. Lawmakers to repeal and replace Obamacare – saw the U.S. Dollar dive – sunk to new lows – so it is obvious that those with capital are fully aware of the implications for America and Americans.
Janet Yellen is caught between a rock and hard place – she is in a conundrum – as is all members of the Federal Reserve – they are ignorant – as to the impact that their decisions have on the stock market and capital flows – their intent to lift interest rates to what could be described as normal – has fallen apart by mere statistics – economic statistics.
Yes the U.S. Economy is not all that great and the boost required by Trump infrastructure spending and savings within the Government and quasi government bodies – would have seen a much needed moral boost to the GDP and employment – instead we have ridiculous reforms proposed by the Republicans – who hold power and continued funding of all Democratic government initiatives and quasi government bodies implemented by Obama.
It is all languishing – jobs numbers increased overall – but individual earnings slumped – this is a sign of worker desperation – from all quarters – to take whatever is on offer to make ends meet – and having the ridiculous Obamacare levies being increased – painful to all and sundry.
So we now have we have the painful ‘wait and see’ period.
Yellen waiting to see whether things improve or not – I predict ‘not’ – as Yellen is clueless – she will take her queue from the Bond and/or the stock market – as all other Government statistics dive and the last thing she needs is a further Quantitive Easing – especially when the Federal Reserve Balance Sheet is bloated with dead assets that she is seeking to offload.
So the USD to tread water between now and the end of March 2018 – when Yellen will have to intervene into either Bonds – through either negative yields – as investors bail – or the rise in the stock market valuations – through the need of U.S. Dollar investors to seek value protection in real assets – to offset the continued USD continued weakening.
Mind you all of this is useless should Trump invade North Korea – or war declared in the Middle East – one never really knows with the U.S. rogue intelligence agencies running amuck – anything is possible.
And I thought that I would insert this collage from the Daily Mail against Trump – no respect whatsoever for the position – no let up – in that a continual barrage of fake news – as too New York Times – CNN – MSNBC.
What would a lesser man do?
And no – he is a war criminal as were his predecessors – in fact he has managed to kill 350 people – for every month he has been in office.