President Donald Trump's administration cannot miss any more opportunities if it is going to carry out the intention for which, above all else, Americans elected him: To get the United States out of endless foreign wars, and rebuild and reindustrialize the nation.
If the big corporate tax cut is all there is to the Trump Administration's economic policy, then the President and the nation are facing an oncoming financial crash, and another so-called "Great Recession" much worse than the last. The huge corporate debt and stock bubble already created with central bank free money for a decade, now surrounded by what analysts are calling the "everything bubble" of other exploding debt categories, cannot stand the smallest coming interest rate increases. Corporate tax cuts will not save it, but only blow it up faster until it explodes. The Wall Street and London megabanks are scrambling out of this debt by securitizing it — packaging and selling it on — knowing it is not payable. U.S. banks' securitization of debt — corporate junk, auto and credit card debt, student debt, etc. — has grown by $1.1 trillion or 25% just during 2017.Read More