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The Imperial City Unhinged----J. Edgar Comey's Big Fat Nothingburge

Comey’s ballyhooed testimony contains nothing not already known, nothing remotely about obstruction of justice, and, in fact, nothing that matters at all. It’s just a replay of the self-serving tommyrot Comey has been leaking all along.

Indeed, it’s the Nothingburger that proves Imperial Washington has become completely unhinged in its groundless RussiaGate hysteria; and is stumbling toward a lawless defenestration of a sitting president in the name of a hypocritical obeisance to a tortured version of “the law”.

It is a smoking gun in only one sense: It proves why the sanctimonious Comey should have been fired on day one and why the apparent Wall Street assumption that it can count on “Washington governance as usual” is so dangerously misguided.

As to the latter, our point is very simple. What we have is an entirely unstable, unsustainable hothouse economy and financial system that is completely dependent upon the ministrations of the state and its central banking branch. The giant bubble that was reflated after the 2008 crisis will soon violently implode and take the economy down with it—-unless it is again arrested and bailed-out by extraordinary Washington action.

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