Trumped! A Nation on the Brink of Ruin … And How to Bring it Back

by David Stockman

Stockman’s new book, Trumped! A Nation on the Brink of Ruin… And how to Bring It Back, explores how 30 years of bubble finance policies at the Fed, interventions abroad, and mushrooming government and debt at home have brought the US to its current condition.

Trumped! A Nation on the Brink of Ruin … And how to Bring it BackThe only way forward for the US is a return to free markets, fiscal rectitude, sound money, constitutional liberty, non-intervention abroad, minimalist government at home and decentralized political rule.

Unfortunately, that is not about to happen—even if by some miracle Donald Trump is elected president.

But what the book does claim is that the tide is turning against the failed Wall Street/Washington bipartisan consensus.

This uprising against the rule of the financial and political elites has counterparts abroad among those who voted for Brexit in the UK, against Merkel in the recent German elections in her home state, and among the growing tide of anti-Brussels sentiment reflected in polls throughout the EC.

Needless to say, the political upheaval now underway is largely a reaction to the policy failures and arrogant pretensions of the establishment rulers. Like Donald Trump, it does not reflect a coherent alternative.

Liberation from the current ruinous policy regime has to start somewhere—and that’s why the Trump candidacy is so important. He represents a raw insurgency of attack, derision, impertinence and repudiation.

If that leads to throwing out ‘the beltway careerists, pettifoggers, hypocrites, ideologues, racketeers, power seekers and snobs’ who have brought about the current ruin, then at least the decks will be cleared.

The Trump candidacy is paving the way for an honest debate about the Fed’s war on savers and wage earners, the phony Bubble Finance prosperity it has bestowed on the bicoastal elites and Imperial Washington’s delusionary addiction to debt, war and special interest racketeering.

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