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I simply cannot tell who is stupider anymore, Trump or Putin.

Summary:
This just in. Read.Putin talks about a big new fiscal expansion, which will be "paid for" with spending cuts and new taxes even though he has unlimited spending power in ruble.And we now find out Russia's been stupidly buying gold for years. Why??This is a total waste of financial and real resources and an even stupider subsidy to the mining industry.Then there's this...Russia's empty threats about retaliation against U.S. strikes on Syria. "We'll shoot down the missiles and target launch sites."What happens? Russia sits by passively and watches an ally, Syria, get bombarded.Russian whining about U.S. and the West "not being fair and not subscribing to international law," as if the West could give a shit.Russia allowing the people in Donbass to get slaughtered by the Ukrainian Nazi

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This just in.

I simply cannot tell who is stupider anymore, Trump or Putin.

Read.

Putin talks about a big new fiscal expansion, which will be "paid for" with spending cuts and new taxes even though he has unlimited spending power in ruble.

And we now find out Russia's been stupidly buying gold for years. Why??

This is a total waste of financial and real resources and an even stupider subsidy to the mining industry.

Then there's this...

Russia's empty threats about retaliation against U.S. strikes on Syria. "We'll shoot down the missiles and target launch sites."

What happens? Russia sits by passively and watches an ally, Syria, get bombarded.

Russian whining about U.S. and the West "not being fair and not subscribing to international law," as if the West could give a shit.

Russia allowing the people in Donbass to get slaughtered by the Ukrainian Nazi regime that the U.S. put in place.

Russia selling its oil bounty to the U.K, preventing U.K. residents from freezing to death, while the U.K. smears Russia with baseless allegations, false flags, etc.

In bed with China now? The two are natural enemies over the long term.

On and on.

Let's face it...Russia has no "long game." It's long game is subservience to the West and the neoliberals who are salivating over the country's vast resources.

Dumb. This country is so badly run. I used to stick up for Russia. I can't anymore. I can't support idiots, just like I am off the Trump train and now I am off the Putin train. This guy is maybe a bigger idiot than Trump.

I simply cannot tell who is the stupider of the two right now.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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