The Original Deep State

August 26, 2020 By Robert Spencer

Donald Trump is not the first president to face down a deep-state cabal, that is, an unelected oligarchy of shadowy figures who wielded enormous power while being unaccountable to the American public. The first was President Andrew Jackson, who faced down the Bank of the United States in the 1820s and 1830s; then as now, the deep state has apparently included a significant financial element. Trump’s top economic aide Lawrence Kudlow said it last October: “I don’t want to get into a lot of Fed bashing,” but “their models are highly flawed. The deep state board staff, of course, has not been very helpful -- oops, did I say that?”

Yes, he did. And whatever the actual role of the Federal Reserve in the coup attempt against Trump, there is no doubt that some have been sounding warnings about it since at least 1931 – people in a position to know.

As Rating America’s Presidents: An America-First Look at Who Is Best, Who Is Overrated, and Who Was An Absolute Disaster explains, the Federal Reserve was established in December 1913, during the “progressive” Woodrow Wilson administration. But the Fed was just a new version of the same Bank of the United States that Jackson fought: a private corporation that kept the public treasury. Its foes argued that it was dangerous to turn power over the public funds to an oligarchy of private financiers, since the possibility for corruption, and for a de facto second government developed by buying favors until large enough to challenge the government of the United States, was immense.

Yet as far as Wilson was concerned, that was by design. Late in the presidency of Theodore Roosevelt, the Knickerbocker Trust Company was failing, leading to a significant economic downturn, the Panic of 1907. Banking baron J. P. Morgan stepped in to aid banks that were failing and thus minimize the crisis. Wilson, at that time the president of Princeton University, showed a taste for authoritarian government, writing: “All this trouble could be averted if we appointed a committee of six or seven public-spirited men like J. P. Morgan to handle the affairs of our country.”............To Read More....

Corruption: Why Trump Will No Longer Defend Ryan

By William R. Hawkins

Trump has won the attention of the working class on the issues of trade and immigration. These issues are intertwined under the heading of “open borders” and are central to the division within the GOP. In short, Big Business wants open borders because they no longer see commerce as related to national societies. The issue is not trade in its traditional form. The outsourcing of consumer goods is obvious, but heavy manufacturing has also been hollowed out. Republican leaders and establishment conservatives are on board with this. It is to defend this corrupt system that has led House Speaker Paul Ryan to break with Donald Trump.............To Read More

My Take - His recent history is interesting but his conclusions are all wrong, especially espousing  Teddy Roosevelt.  TR was a progressive, the name adopted by socialists because socialism wasn't popular in the U.S. because it's foundationally atheistic, so they adopted the name progressive to fool the public.  Teddy had to know that, yet he was the first national leader to give the progressive movement personality, and for that reason I consider TR to have been the worst President the 20th century.  All the fascist policies of Woodrow Wilson and then the rebirth of those policies in the form of Franklin Roosevelt's New Deal were given foundation by TR.