Trumped!: A Nation on the Brink of Ruin ... and How to Bring It Back

Description

David Stockman brings us an insider-turned-iconoclast's report on how 30 years of financial and political misrule by the Washington/Wall Street elites have brought the U.S. to the brink of ruin. He shows that the Fed's destructive ZIRP and QE policies have buried Flyover America in debt while clobbering it with shrinking real wages and vanishing job opportunities. At the same time, the bicoastal elites have prospered mightily from the massive inflation of financial assets in the Wall Street casino and the debt-fueled expansion of Imperial Washington's domestic rackets and global interventions. Stockman argues that Donald Trump's improbable candidacy happened because Flyover America has had enough of a rigged system that benefits the few but has failed to delivery economic recovery and real prosperity at home and a safer and more stable world abroad. Stockman's book is no testimonial on behalf of Trump's candidacy, and contends that much of what he advocates is wrong-headed or downright reprehensible. But it does salute him as the rallying force for Main Street political insurrection because the existing regime of Bubble Finance on Wall Street and statist aggrandizement in Washington threatens incalculable harm. Stockman also argues that there remains a way forward. He suggests the "political outlaw" who considers himself to be the world's greatest dealmaker would need to "make ten great deals" to bring American back from the brink. These include a Peace Deal, a Jobs Deal, a Sound Money Deal, a Super Glass-Steagall Deal, A Liberty Deal and five more.;Flyover America's decline and the rise of Donald Trump -- Why the flyover zone is hurting - bubble finance is strictly for the bicoastal elites -- The Warren Buffet economy: How central bank-enabled financialization has divided America -- The case against Keynesian central banking and why the FOMC (Federal Open Market Committee) should be abolished -- Trump isn't all wrong about trade deficits - how Washington's money printers betrayed American workers -- America's rolling LBO (leveraged buyout) and why there have been no breadwinner job gains since the year 2000 -- Falling backwards in flyover America -- why real household income is down 21% since 2000 -- Government entitlements: The world's sixth-biggest economy and the coming insolvency of Social Security -- "Morning in America" never was - how the federal debt went from $1 trillion to $35 trillion in four decades -- How the GOP (Grand Old Party) got trumped - the fiscal follies of Johnny Lawn Chair and Faker Ryan -- America's bridges are not falling down: The perennial myth of crumbling infrastructure -- On the impossibility of "helicopter money" and why the casino will crash -- Busting the banksters - the case for a super Glass-Steagall -- Bubbles in bond land - it's a central bank-made mania -- Revolt of the rubes - bravo, Brexit! -- The war on savers and the 200 rules of global finance -- Fannie Mae's swell new palace - why the Imperial City must be sacked -- Red Ponzi ticking - China and the dark side of bubble finance -- The apotheosis of bubble finance - the coming crash of Tesla and the FANGs (Facebook, Amazon, Netflix, and Google) -- Imperial Washington - why there is still no peace on Earth -- A peace deal for the Donald - go to Tehran, bring home the American troops -- In praise of ignorant politicians - unschooled in Beltway delusions -- Hillary Clinton - class president of a failed generation -- A lesson for the Donald - Barack, we hardly knew ye -- The Aspen Strategy Group - Hillary's War Cabinet in waiting -- In praise of the Iran nuke deal - a chance for peace if we can keep it.