Clinton is playing liar’s poker with America’s future
“In the land of the blind the one-eyed man is king.” — Michael Lewis’ book, Liar’s Poker, the non-fiction account of a bond salesman in the 1980s.
The suckers in the upcoming election are tens of millions of people who don’t understand that they are playing the biggest hand that has been dealt in the past 100 years. Ordinary citizens that believe they never gamble, but will vote for Democratic presidential nominee Hillary Clinton, are making the biggest gamble of their lives. Unfortunately it is like being dealt a 2 and 9 of clubs and wanting to double down.
With favorable odds and dealers — the mainstream media — that eagerly cheat for her, Clinton has won most of the games she has played over the past 30 years. What makes Clinton’s participation in this presidential race so egregious is that she is playing with the house’s money in a game where the odds are heavily stacked in her favor.
Of course, all hot hands eventually run cold. In time, rigged games are revealed. For Republican presidential nominee Donald Trump, the odds are terrible. But there is a wildcard in all this; the 33,000 emails that Clinton deleted from her personal server which the FBI has yet to find. If found they would have to be reported by even the most ardent Clinton backers in the media.
The drip, drip process began on August 9 when The New York Times carried a story with this lead:
A new batch of State Department emails released Tuesday showed the close and sometimes overlapping interests between The Clinton Foundation and the State Department when Hillary Clinton served as secretary of state.
(Newly discovered) documents raised new questions about whether the charitable foundation worked to reward its donors with access and influence at the State Department, a charge that Mrs. Clinton has faced in the past and has always denied.
Last Friday that vaulted glass ceiling over Clinton’s head developed a major crack. Republican Senator John Cornyn of Texas sent an ominous letter to Democratic loyalist Attorney General Loretta Lynch. He did what progressives must think is totally inappropriate: he asked questions regarding a report that the Justice Department had turned down requests to investigate The Clinton Foundation for possible wrongdoing while Hillary Clinton was secretary of state.
According to Cornyn, the second highest ranking Republican in the Senate: “This kind of conduct is unacceptable, and reflects the worst concerns harbored by the public about the abuse of government office to benefit the powerful at the expense of the American people.”
This comes in the wake of CNN’s report last week that the FBI wanted to investigate the cozy relationship between the State Department and the Clinton’s favorite charity, The Clinton Foundation. But it appears that former President Bill Clinton had Lynch bend over backwards for him after he boarded an airplane on the Phoenix tarmac in what must be the worst clandestine meeting in recent memory.
Trump is the joker in the deck
If Clinton is elected, this brings a bigger scandal to the White House than the Nixon administration’s Watergate four decades ago. These fact-based accusations are at the feet of two of the worst cheaters in the political game. A game which Trump has declared is rigged.
Ironically, Trump has the least to lose of all of us. He bet small and left his billions from his real estate empire untouched. His actions and words are those of someone partying at a poker game. That is good for him, a man who has admitted to having the characteristics of a terrible poker player.
Last week while doing a CNBC telephone interview, Trump said, “I’m a truth teller. All I do is tell the truth. And if at the end of 90 days, I’ve fallen short … it’s OK. I go back to a very good way of life.”
Throughout a campaign in which Trump insulted almost every living person with the exception of the Dalai Lama, I have thought that Trump was doing a great job of pre-selling his next book and television series. His claims about his devotion to the American people are as empty as Clinton’s claims about her integrity.
But the real losses are going to hit home when the stock market goes into a free fall and doesn’t stop until it goes through rock bottom. It is very possible that the Dow Jones Industrial Average — which is currently trading at an all-time high of more than 18,000 — will fall by 50 percent within the next three years.
It has been a collapse in the making since the Federal Reserve implemented ridiculously low interest rates. In July, the 10 year U.S. Treasury Notes were yielding a record low of 1.4 percent. In December 2015 they yielded almost 2.3 percent.
The game is rigged for the rich
Democrats and Republicans harp on helping the middle class, but it should be painfully clear that President Barack Obama has bought and paid for this bull market for America’s oligarchy that, ironically, includes Trump.
The graph below shows The Dow Jones Industrial Average. You can see the explosive growth since Obama took office. On January 20, 2009 the Dow was 7,949. Last Friday it had more than doubled, standing at 18,578.
Obama has paved the way for the second longest bull market in history. The expiration date is approaching and would be accelerated if it is proven after Clinton is elected that she broke the law as secretary of state.
M1, the narrowest measure of money — cash and financial assets easily converted to cash — has more than doubled during the Obama years, climbing from $1.56 trillion to its current level of $3.2 trillion.
It is all a part of America’s Great Game, which was first coined in the late 19th Century regarding colonial wealth distributed among the European empires. Today’s great game is dividing America’s wealth among billionaires who purchase politicians like stocks in their portfolio.
The recent ringing of hands over losing our Constitutional rights is pointless. They are already dead, killed when President John F. Kennedy was hit by the fatal shot. The bets may be bigger and losses greater than they were 40 years ago, but the same handful of players always win.
This is no surprise to Michael Lewis, also the author of The Big Short: Inside the Doomsday Machine. He overheard a conversation in a Washington, D.C. bar: “The truth is like poetry — and most people f*cking hate poetry.”
Then again most people hate gambling. That doesn’t change the fact that they gamble every election they vote in.
Yours in good times and bad,
— John Myers
P.S. In case you are wondering, I understand that liar’s poker is played with bills and not with cards. Nevertheless, I took editorial license in writing the headline at the top. –JM