milesfranklin.com / by Andrew Hoffman / Jan 25, 2017
Today, let’s start with how pathetically fickle, and predictable, America’s electorate has become – in the final, malignant stage of history’s largest, most destructive fiat Ponzi scheme. Which I’m sure is no different than that of any modern “democracy”; which I write in “quotes,” given how, per today’s principal topic, Americans’ rights are being eliminated at a frighteningly rapid pace.
Bill Clinton – the so-called “best President ever,” given his luck to have resided over the biggest equity bubble to date; which in hindsight, was catalyzed solely by “Maestro” Greenspan’s money printing after the 1987 stock market crash. To that end, when Slick Willy took office in 1993, he was handed a Congressional majority in both the House and the Senate; and yet, despite the massive stock bubble that occurred on his watch, the Democrats lost control of both the Senate and House just two years later.
When George W. Bush was elected in 2000, when the dotcom bubble was just starting to implode, he was handed a split Congress, nearly 50/50 in both houses – as the Democrats had regained some of the aforementioned “lost ground” when the dotcom bubble inflated to its peak level in the late 90s. However, when the tech bubble really imploded in 2001 and 2002, both the Senate and House turned Republican – as clearly, the populace “blamed” the Democrats” – enabling Bush to print money en masses, to not only fund Wall Street bailouts, but the “Economic Stimulus Plan of 2008” – which accomplished nothing, but gave America “hope” as the housing bubble Greenspan and Bernanke inflated burst. Which was turbo-charged, I might add, by Clinton’s repeal of the Glass-Steagall Act in 1999, enabling Wall Street derivatives to not only be born, but infect the global economy like the Ebola virus. Alas, by the time Bush mercifully left office, the U.S. economy was amidst its worst financial crisis since the Depression, and the national debt had doubled. And oh yeah, the Democrats won back the House in 2007, and the Senate in 2009 – just in time for Obama to be elected, with a fully-supportive Congress.