by Phil Butler, New Eastern Outlook:
Fortune Magazine has called out U.S. President Donald Trump for having “the stock market on a string, but investors are less sure of the game he’s playing.” Bloomberg is parroting the same, and the LA Times has been talking about the U.S./China trade policy driving stock prices too. But ordinary citizens do not buy stock. The world’s “average” people live and die underneath the mighty, with only presidents and elected officials to protect them. Here’s a opinion on why Donald Trump is not serving the best interested of the people of the United States of America.
“The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.” Article II, Section 4 – Constitution of the United States
On Wednesday, May 23rd at 9:20 AM local time; the top six defense stocks registered almost identical upticks indicating a general buy trend which was later followed by others. The trend may illustrate for the first time a kind of insider activity never spotlighted before. What I am saying is, it’s mighty convenient tha.t unknown investors suddenly decided to dive into defense stocks the day before Donald Trump pulled out of the North Korea summit via an official letter (White House) to Kim Jong Un. Furthermore, the U.S. presidents sudden turnaround on that announcement smells even fishier. If my guess is right, Trump and his backers are simply manipulating key news for gain – and substantial gain at that. Reading the official letter to North Korea’s Chairman, the wording of which is adolescent in the extreme, one can only arrive at one of two conclusions. Either Donald Trump is senile or crazy, or the money making game I am describing is on full bore. A key to deciding between these two is within the texts of Trump’s recited letter to Kim. The official letter reads in part:
“Therefore, please let this letter serve to represent that the Singapore summit, for the good of both parties, but to the detriment of the world, will not take place. You talk about your nuclear capabilities, but ours are so massive and powerful that I pray to God they will never have to be used.”
In 2017 John Nichols at The Nation warned us of Donald Trump’s play for the military-industrial complex. The author quoted from Trump’s first joint address to Congress back in February of 2017. At the end of this speech Trump said:
“I am sending the Congress a budget that rebuilds the military, eliminates the Defense sequester and calls for one of the largest increases in national defense spending in American history.”
It is important to note here that a similar buy spike occurred in trading of General Dynamics stock on the day before an American president would “advertise” for the notorious F-35, made by GD. If you read the president’s speech, he actually lauded Lockheed and “the fantastic new F-35 jet fighter. The five dollar per share buy ended in a 5 dollar per share sell the next day according to my research at Yahoo Finance historical data. In that case, the “method” seemed identical if there is a method to Trump’s policies. And remember, America just elected a wheeler and a dealer of a business tycoon.
General Dynamics stock also registered the same “buy” marker on May 23rd, as did Huntington Ingalls Industries, which is building Trump’s new 350 ship navy.
“The government, which was designed for the people, has got into the hands of the bosses and their employers, the special interests. An invisible empire has been set up above the forms of democracy.” Woodrow Wilson – 28th President of the United States
Fifty-seven years ago former Five-Star General and President Dwight Eisenhower gave a memorable farewell address to the nation framed around the dangers of our military industrial complex. Eisenhower’s successor, John F. Kennedy mirrored these sentiments, which some experts say is what got him killed. This “influence” has run American policy since World War II ended, and now Donald Trump becomes the latest lackey in a long line, taking food from the mouths of the hungry and destitute.