Skip to main content

Trump further exposed: more evidence that he is a reserve of the establishment

Monitoring closely the 'anti-establishment' fairy tale around the new US president


Long before the final result of the US elections, we have mentioned several times our estimation that Donald Trump is only a reserve of the establishment, a necessity solution against the extremely unpopular Hillary Clinton. Now, further evidence points that the new US president is indeed a reserve of the establishment.

Steven Mnuchin, who Trump has indicated he hopes to make Treasury secretary, appears to be coming straight from the Wall Street elites who are the forefront of the neoliberal status quo through the destructive financialized capitalism.

From heavy.com :

Days after the historic election of Donald Trump as the 45th president of the United States, we’re beginning to hear about his possible cabinet appointments. Among the names being floated is Steven Mnuchin, who Trump has indicated he hopes to make Treasury secretary, according to Politico. Mnuchin served as Finance Chair during the Donald Trump presidential campaign, and he would be replacing the current Treasury secretary, Jacob Lew.

Much to the chagrin of many within both the Republican and Democratic parties, Trump’s potential Treasury secretary pick is a 17-year veteran of Goldman Sachs, the bank which had a role in the 2008 financial crisis and which was bailed out by the United States government. Mnuchin came to work for Goldman Sachs in part because his father, Robert Mnuchin, was a prominent Goldman Sachs banker of 30 years, according to The New York Times. Mnuchin left the bank in 2002, but he would later become the head of OneWest Bank, and he currently is the chairman of Dune Capital Management, a private investment firm.

In the aftermath of the 2008 financial crisis, Steven Mnuchin and a group of investors including George Soros purchased IndyMac Bank from the Federal Deposit Insurance Corporation for $1.5 billion. IndyMac was one of the lenders that dealt with high-risk loans and which collapsed during the housing market crash, being seized by the FDIC. According to The Nation, Mnuchin and his fellow investors made a deal with the FDIC where they would purchase the bank and also receive reimbursements for the cost of foreclosing on people who had loans with IndyMac. Mnuchin later renamed IndyMac OneWest Bank. OneWest has been criticized for cruelly foreclosing on Americans across the country, often being taken to court for their practices. [...] In October 2011, around the time of the Occupy Wall Street movement, protesters marched outside of Steve Mnuchin’s mansion in Los Angeles, holding up signs reading “Stop taking our homes,” according to Bloomberg. Over the next few years, OneWest was involved in several lawsuits and on multiple occasions settled for millions of dollars, according to The New York Times. They have also received subpoenas from the Department of Housing and Urban Development, according to The Nation. Last year, Mnuchin sold OneWest Bank for $3.4 billion.

Like Donald Trump himself, Steven Mnuchin has donated to politicians on both sides of the aisle, including Trump’s 2016 opponent, Hillary Clinton. According to Bloomberg, Mnuchin has donated about $7,000 to Hillary Clinton, including during her 2008 bid for the White House. He has donated to the Republican National Committee as well, but Bloomberg reports that Mnuchin’s donations to Democrats outweigh his donations to Republicans. Mnuchin told The New York Times that he donates to both sides because he has “always believed in supporting the best candidate at the time.”

Throughout his campaign, Donald Trump has positioned himself as a candidate outside of the establishment, criticizing his rivals for taking money from Wall Street and suggesting he will end corporate loopholes that benefit wealthy bankers. This populist message appealed to his Republican reporters and even to some Democrats, who felt Hillary Clinton was too cozy with Wall Street. But some critics worry that the hiring of Steven Mnuchin suggests that Trump will not do anything about Wall Street after all. “It’s hard to see Mnuchin cracking down on Wall Street,” Jeff Hauser, director of the non-profit Revolving Door Project, told Politico. “Indeed, one imagines Mnuchin’s banking agenda would be to rehabilitate Trump’s reputation with Wall Street.

But there is also evidence that Trump is on the same side with the arms industry and one of the most powerful components of the US deep state, which is the military-industrial complex.

From PressTV :

Trump, whose victory over Democratic rival Hillary Clinton in Tuesday’s presidential election virtually shocked everyone, is in favor of increasing the size of the US Army and Navy, modernization of military facilities, weapons and the nuclear arsenal as well as a dramatic boost in the country's missile capabilities.

"This is all music to the ears of not only Republican leaders in defense, but many Democrats too," Michael Herson, a prominent defense lobbyist, told The Washington Post. Trump has yet to lay out all the specifics of his defense policy, which will be largely implemented by his defense secretary.

Rudy Giuliani, a Trump ally who seeks a cabinet position in his administration, said Sunday that strengthening the military is a big priority of the president-elect. "He's going to be facing [Russian President Vladimir] Putin with a country that is not diminishing its military but a country that is dramatically increasing it to Reagan-like levels," Giuliani said on CNN, invoking former President Ronald Reagan’s mantra of "peace through strength."

However, Trump’s desire to have a bigger military is estimated to cost anywhere from about $100 billion to $300 billion more over the next four years than the current plan. Congress, which remained under Republican control, cannot approve that money until it eliminates the budget caps put in place since the start of fiscal 2003 as part of a spending compromise between Republicans and President Barack Obama.

Additionally, Ron Paul mentioned that Unfortunately, there has been several neoconservatives that are getting closer to Trump. And if gets his advice from them then I do not think that is a good sign,”.

There is now plenty of evidence that the 'anti-establishment' show played by Donald Trump is only a joke. Banksters and lobbyists will flood the DC, as usual. The agenda will be continued uninterrupted under Trump presidency with further tax-cuts for his billionaire class, further dissolution of labor rights and of the welfare state, further suppression measures by enlarging the US police state.

Related: 

Trump completely exposed: time to abandon the anti-establishment game

Trump is only a reserve of the establishment 

The US establishment just gave its greatest performance so far ...

Comments

Popular posts from this blog

Stock market: one of the biggest frauds in the age of financial capitalism

globinfo freexchange
Lee Camp speaks with Tan Liu about his revealing book The Ponzi Factor, where Liu exposes all the big fraud of the stock market. Liu explains why the stock market, especially today, in the era of financial capitalism, is the purest definition of a Ponzi scheme:
The issue, of course, is profits from stocks and what makes a stock price move, is not the earnings and growth. It is actually money from another investor. Now, is there a connection at all with respect to earnings and growth and this price movement? Yes, it's called a speculative connection. It is not a legal one. It is not a logical one. It is not a definitive, or, a mathematical one.
The SEC defines three basic features of a Ponzi scheme:
One, it is an investment scenario. Two, the investment profits come from other investors. Three, the investors think the profits come from somewhere else.
What we can clearly observe every single day, every single moment the stocks are trading, is an event where the stoc…

How a group of economists undermined public institutions, paving the way to neoliberalism

An assumption had become a truth. The self-interested model of human behaviour, that had been developed in the Cold War to make the mathematical equations work, had now been adopted by these economists as a fundamental truth about the reality of all human social interaction.
globinfo freexchange
A group of economists in the early 70s arbitrarily adopted the self-interested model of human behaviour that had been developed in the Cold War, to explain the dysfunctionality of public institutions. This perception would become a powerful tool in the hands of the neoliberal ideology, carried by big banks and corporations, to demonize the state and dismantle any state control upon them at the expense of the societies.
In his documentary The Trap, Adam Curtis explains:
In the early 70s, the government bureaucracies in Britain began to collapse. Those around them blamed a growing economic crisis, but it was clear that something much more fundamental had gone wrong. What were supposed to be institut…

Italy, Greece, Deutsche Bank: heavy clouds of non-linear collapse gather again above Europe

globinfo freexchange
For nearly ten years now, the key decision centers inside eurozone are trying to hide the huge problems, pretending that the crisis is behind, in order to maintain a completely failed economic model, which also reveals, day by day, its authoritarian nature and despise against real Democracy. The totally problematic structure of eurozone makes things even worse.
In Italy, we had another political crisis and a constitutional coup because the new majority and potential coalition government is not likeable to the Brussels/Berlin axis.
In Greece, things are not looking better. The country is about to exit the IMF-type neoliberal program imposed by the Troika (ECB, European Commission, IMF), in August. Yet, the economy is still in very bad shape, drowning in stagnation, with unprecedented unemployment, nearly zero growth and a national debt at 180% of GDP, which is actually much higher than Greece's debt in 2010 (120% of GDP) when crisis hit the country!
In fact, the eu…

More evidence that the 2011 riots in Syria were sparked by a false flag operation

globinfo freexchangeIndependent journalist Eva Bartlett spoke with Lee Camp about her recent trip in Syria. Bartlett visited the hospital in Douma where many victims of the latest alleged chemical attack went to receive medical care. Bartlett spoke with a medical student who was working the day of the alleged attack, and actually confirmed the reporting by the veteran journalist Robert Fisk, according to which there was no evidence of a chemical attack.
Bartlett also went to Daraa, where the first protests took place in 2011, and spoke to people there. They confirmed what many other investigative journalists support. 

This is strong evidence that it was a false flag operation that actually sparked the subsequent riots:
In the initial protest, Daraa was named as the birthplace of the so-called revolution. And Daraa is a city in the very south of Syria, not a very large city, and a rather unlikely city for a so-called revolution to have started. But prior going to Daraa, I interviewed a do…

WikiLeaks reveals Italian officials had serious concerns about Italy's ability to participate in the monetary union already since the late 70s

The WIKILEAKS Public Library of US Diplomacy (PlusD)holds the world's largest searchable collection of United States confidential, or formerly confidential, diplomatic communications. As of April 8, 2013 it holds 2 million records comprising approximately 1 billion words. The collection covers US involvements in, and diplomatic or intelligence reporting on, every country on earth. It is the single most significant body of geopolitical material ever published. The PlusD collection, built and curated by WikiLeaks, is updated from a variety of sources, including leaks, documents released under the Freedom of Information Act (FOIA) and documents released by the US State Department systematic declassification review.
globinfo freexchange
A 1978 cable from the US Bureau of Economic and Business Affairs to the Secretary of State, was monitoring in detail the Italian serious concerns on the perspective of Italy joining the European monetary union. It describes an atmosphere of anxiety insi…

What happens when a country decides to decouple itself from the US/Saudi axis of evil

globinfo freexchange
The role of Qatar and Saudi Arabia in the Middle East chaos is quite well known. Recall that in aletter of the Podesta email series, John Podesta admitted that both Qatar and Saudi Arabia were helping ISIS. Podesta also mentioned that the US should exercise pressure to these countries in order to stop doing it: “... we need to use our diplomatic and more traditional intelligence assets to bring pressure on the governments of Qatar and Saudi Arabia, which are providing clandestine financial and logistic support to ISIL and other radical Sunni groups in the region.
Of course Hillary Clinton wouldn't do anything about this problem too, as in another letter of the Podesta email series, it was revealed that Bill Clinton was receiving "expensive gifts" from the Qataris!
As reported by Antimedia, in 2009 Qatar proposed a pipeline to run through Syria and Turkey to export Saudi gas. Assad rejected the proposal and instead formed an agreement with Iran and Ira…

How eurozone became a financial dictatorship

It all started with the silent coup against Ireland
globinfo freexchange
In 2010, Ireland experienced Frankfurt's political blackmail. On the 18th of November, where there was a governing council of the ECB in Frankfurt. The governor of the Irish central bank who sat on the governing council, called "Morning Ireland" which is the most important radio program in Ireland, to say that Ireland will need what he called a loan. He didn't warn the government about it and this created a massive panic.
Then, the next day, there was a letter written from the then president of ECB, Jean-Claude Trichet, to Brian Lenihan, the minister of finance at the time, saying that 'if you don't apply the so-called bailout program, by this opening of the markets the following Monday, we're going to cut off access to Emergency Liquidity Assistance (ELA)', which obviously would have collapsed the Irish banking system.
The ECB used the liquidity weapon in order to impose its terms o…

David Harvey: unless there is some real new thinking, another crisis is inevitable

globinfo freexchange
Chris Hedges spoke with David Harvey about the repeated crises of the capitalist system, which generate further instability, especially since the early 70s where we have the rise of financial capitalism and neoliberal ideology.
As Harvey points out:
Interestingly, in almost every crisis there has been a good deal of re-evaluation of exactly how to think about the economy, how to think about the relationship between state power and politics and all this kind of stuff.
Since 2007-08, is hardly any new thinking at all. And actually, we're trying to hang on. And we are trying to hang on because the oligarchy - which has all of the money, all of the power - is actually in a situation where it does not want any change. And until we confront the oligarchy, we're not going to find a way of exiting from this, apart from repeating what happened in 2007-08.
And the interesting thing when you look back, before 2007-08, and you see big financial crises in Argentina, in Braz…

Ecuador and Julian Assange in great danger as traitor Moreno is about to throw them into the hands of the US empire

Ecuador’s president, Lenín Moreno, shook up his cabinet and appointed six new ministers this week. The move appears to confirm what many of his critics on the Left have long suspected, which is that Moreno is moving the country increasingly towards the Right. That is, they say he is reversing the policies under the previous government, Rafael Correa, who pursued a fairly progressive agenda, particularly in foreign and economic affairs. For example, President Moreno’s new Minister of the Economy, Richard Martinez, comes directly from the country’s business class, where he worked as a consultant for the Chamber of Industry and Production, and he also was president of Ecuador’s Business Committee, which is the country’s main business association.
globinfo freexchange
Greg Wilpert of the Real News spoke with Guillaume Long, former Minister of Foreign Affairs of Ecuador under former President Rafael Correa, about the rapid turn of the new Ecuadorian administration towards neoliberal policies…

The facts about Venezuela’s May 20th Presidential Election

Despite a high level of election transparency, one that Jimmy Carter called “the best in the world”, the US and its allies have accused Venezuela of election fraud. Caleb Maupin breaks down how Venezuela’s electoral system really works.
by Caleb T. Maupin
Part 3 - Accusations of Fraud
Despite the stringent safeguards in place to protect Venezuela’s election integrity, international media based in Western countries have widely claimed the election was fraudulent. Those claiming that the results are illegitimate have cited prior statements from SmartMatic, a corporation based in London that manufactured Venezuela’s voting machines. An official statement from SmartMatic claimed the 2017 Constitutional Referendum vote showed “tamper evident.” Statements from SmartMatic have been vague about how exactly the results were illegitimate or what malpractice took place.
Tibisay Lucena, president of the National Elections Center (CNE), says the claims from SmartMatic and its Chief Executive Antonio …