Jack Worthington's Social & Investment Commentaries

Why Trump?

Posted in Investment & Social Commentaries by Jack Worthington on August 22, 2016

From Charles Hugh-Smith, author of Why our Status Quo Failed and is Beyond Reform:

Any society that tolerates this systemic exploitation and corruption as “business as usual” is not just sick–it’s hopeless. No, you can’t fix this layer-cake of pathological deception, exploitation, corruption and racketeering with the usual pathetic “reforms” offered by lobbyists, insiders and think-tank lackeys: the status quo is itself the source of the sickness and the rot.

Very few people, and none in US politics, have the hyper-aggressive personality profile, skill set, independent power base and self-sufficiency to attempt with even a sliver of credibility, the disruption and reform such a corrupted status quo.  Bernie Sanders’ implosion showed us that.  It will take someone like Trump.  If you don’t like him, find another Trump, or cravenly accept the status quo and hold your peace.

JW

22 Aug 2016

NY, NY

Cruz Trumped

Posted in Investment & Social Commentaries by Jack Worthington on July 21, 2016

When Donald Trump calls Washington politicians stupid, this must be what he means:

Progression of events?

  1. Trump magnanimously? invites Cruz to speak at RNC;
  2. Cruz tells Trump he won’t endorse him;
  3. Trump thinks for a nanosecond and says, “No problem. Speak your mind.”;
  4. Trump orchestrates a world wrestling federation ambush for Cruz…plants people in RNC audience who will boo Cruz off the stage when he doesn’t endorse;
  5. The wild chorus of booing catches fire in the broader audience and with media pundits, who proclaim Cruz’ career in national politics is over;
  6. Another Trump enemy steps into a tar pit of their own making and goes down in flames.

Let’s assume Hillary didn’t pre-plan any crimes with her email setup or the Clinton Foundation.  Folks, we need smarter people than Ted and Hillary in DC.

Trump’s ambush revealed what most people who’ve worked or studied with Cruz have been telling us all along.  Hasta luego Count Chocula…it’s amazing you got this far…a fact that should frighten us all.  Thanks Donald.

JW

NY, NY

21 Jul 2016

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Why Trump? Why now?

Posted in Investment & Social Commentaries by Jack Worthington on February 24, 2016

I thought I’d share a recent email I sent to someone who asked who I support in the 2016 election:

 

Re: Who do I support?

 

Thanks. I needed to go through this exercise again.  I.e. who I support and exactly why.

 

The biggest issues driving my decision:

  1. The US is profoundly divided, and balkanising at warp speed. Must be reversed.  The US is a failing experiment in human unity, held together by a fragile creed, which is crumbling before our eyes…and angry survivalist tribalism fills the void just as quickly as the creed breaks apart.  Break-out failure of the US experiment could potentially unleash intra-group violence within a country on a scale never seen.  Ferguson, Baltimore, etc… times X and commonplace.  Think French and Bolshevik revolutions.  Unlike most other countries, we aren’t held together by ancestral blood…which prevents much extreme conflict.  Somehow we must be brought back into our creed…quickly.  Like him or not, Trump is the embodiment of that strongly unifying creed that has served us well for a few centuries.
  2. A corrupted financial market structure caused much of point #1 above. IMO, it can be quickly fixed…simple solution (which I have not heard mentioned at any time by any candidate), but will be massively opposed…globally.  I’ve written about it…reform the basic structure of vertically-integrated investment banking; i.e. eliminate vertically-integrated ibanking…like it used to be pre-“Big Bang” in London…forget about reforming too-big-to-fail commercial banks for a minute.  Someone has to have the cajones to stand up to Goliath with a slingshot and a rock…back to the future is the answer…but modern ibanking is so extraordinarily profitable for its employees it will never be changed without a strong, outsider disruptive leader / reformer supported by the 99%.
  3. Media is a for-profit industry that seeks to maximise profit at almost any cost to journalistic integrity or public benefit. They aren’t in business to inform us…but to sell advertising to us.  In that vein, they’ve turned their coverage of political elections into Roman spectacles of bloodshed…a modern digital Circus Maximus, where they incite the people into massively opposed groups for perpetual “Super Bowl” viewing events / ratings explosions…anything to capture our eyeballs…which they sell to advertisers.  In this environment, few people of intelligence and accomplishment would dare enter the political arena they’ve created…so we’re left with the dregs…extreme narcissists, psychopaths, the deluded, people who want to abuse the system for financial gain and will sell their soul to do so, etc… who raise their hands to be our politicians…while the qualified and capable run like hell from public service.  We all know we aren’t attracting our best and brightest into the arena…and that must change.  The media are bought by the established interests who, not only don’t support guys like Bernie or Trump, they will do everything they can to destroy them.  Like him or not, Trump is attacking a corrupted media on behalf of the American public, and we all benefit.  His efforts ultimately clear a path for our best and brightest to enter the political arena at some point.
  4. Our foreign policy, led by both Dems and GOP, is actually driven by an unchanging, unelected, career departmental bureaucracy with agenda’s which perpetuate / expand the power of their jobs. It’s one reason we’re back in a Cold War with Russia…an abject failure of structure that has led us to the brink of WWIII.  The solution seems similar in challenge to point #3 above…reverting to the old order which effectively contained Islam.  We need a David to fight Goliath.  But, referring to point #3 above, the media destroys David’s before they ever get close to the field, much less onto it.  Trump is an experienced, battle scarred, entrepreneurial / disruptive exec…our best available choice for a leader who can control the “Deep State” and their self-serving agendas.  Our real fight is against the “Deep State”, which is controlled by the military industrial complex that President Eisenhower warned us about in his Jan 17, 1961 “Farewell Address” https://www.youtube.com/watch?v=8y06NSBBRtY .  IMO, every single American voter should listen to this 2:30 speech and consider its implications today.  Former Reagan speechwriter and WSJ columnist Peggy Noonan describes it well in her blog “The Deep State” http://blogs.wsj.com/peggynoonan/2013/10/28/the-deep-state/ …with comments from ABC News’ Bob Schieffer, Washington Posts’ Bob Woodward, et al.  This is what we’re up against people…straight from the mouths of long term insiders…both sides of aisle.   You cannot hire a “Mitt Romney” or “Jeb Bush” to successfully handle a change management challenge of this magnitude…polar opposite of the personality / exec style needed at this time…and Americans instinctively know this.  Think “Gordon Bethune”…the man who turned around Continental Airlines against all odds…these are the great, iconoclastic American leaders that we need to somehow attract into the political arena…but these people are too smart and emotionally balanced to raise their hands…blame the media and the existing pols who perpetuate the circus, and their military industrial puppet masters.  This is not the job for an insider hack beholden to the system.
  5. The American creed is primarily related to economic mobility. This is badly stuck.  It’s not just about enlarging the economy (forget GDP stats), but allowing everyone to rise with the tide.  Post 2008 econ crisis, the tide rose, but few had life boats…and many are drowning while a few are partying.  This can be fixed, but again, we run into entrenched interests that must be fought aggressively by a David with a slingshot and a rock…interests who battle David behind a veil through their bought and paid for media org megaphones.  Nobody in the race but Trump and Bernie have the courage to grab that slingshot, and Trump has by far the best ability to use it.  Hillary?  Cruz (Goldman Sachs wife)?  Rubio?  Are you kidding?
  6. In an environment where the US experiment in human unity is failing in a creedal collapse, many of our most sacred Constitutional rights are being institutionally violated. Uncharted waters ahead.  History proves that rights must be both claimed and defended, or we lose them…like sand taken from a beach by unrelenting waves.  We need leaders who will defend, but we must claim first.  I believe this is part of the Trump phenomenon.  Establishment pols have nobody to blame but themselves for the outcome of not defending the citizen’s claims.
  7. We should take care of current American citizens before allowing anyone else to immigrate here. e. American citizens (especially vets!) should have the right to work, public benefits, housing, etc… before illegals.  Aggressively encouraging immigration at this time, even luring them with benefits, housing, jobs, etc… is insanity with a craven political objective.
  8. Mainstream Islam seeks to convert the entire world to worship of the Islamic god…by violence if necessary. Followers of Islam are by definition violent religious extremists (overtly or covertly) and obviously cannot be appeased.  This violent conflict between free people and Islam has been ongoing since 610 AD…nothing new.  We need leaders to hear our concerns and defend our freedom from Islam aggressively.  We need a Churchill, not a Chamberlain.
  9. High quality job growth. The current paradigm is untenable, and the political / economic establishments are in a highly precarious, potentially volatile situation until this is fixed.  A familiar refrain…straightforward solutions which require bold action.  Nobody in the race but Trump has the crisis manager skillset and disruptive personality profile needed to do it…not even remotely close…and I’ve personally interviewed / evaluated hundreds of C-level / senior execs for entrepreneurial private equity leadership challenges.  Just because a guy has been CEO of a major co does not make him the right guy for a crisis management / entrepreneurial leadership challenge.  Nobody in this race but Trump has even run anything!  Obama claimed his campaign was his experience!
  10. Fed Gov’t Debt:  An existential threat to our life, liberty, and pursuit of happiness.  Nothing has been done by our elected pols because few have the courage to do anything…we aren’t electing the right leaders…attracting the wrong people.
  11. NSA surveillance. Our strategy is to defend our freedom by significantly reducing it?  I’m against Trump on this one.  His position on the Apple issue is wrong and dangerous to American freedom.  Global NSA spying on both friend and foe has alienated us from the people of traditional ally countries…a deep resentment from ordinary citizens is growing against us, and has severely damaged our global leadership credibility / trust factor.  There is another, more traditional way to secure freedom with minimal sacrifice to that freedom.  Only Rand Paul seems aware of the massive, even existential problems created by minimally restrained NSA spying.

 

The Candidates

 

  1. Marx got it right on at least these observations: Envy is dangerous. Envy is untenable.  The envious win.  Bernie Sanders may lose this race, but his supporters are going nowhere, and their momentum will build if some of their valid, key concerns are not addressed asap.
  2. In this race, nobody but Trump has the skillset and personality profile to deal with the profound challenges our country faces…nobody is even remotely close to having the right skillset other than Trump. Illegal immigration is not our only key issue.
  3. Despite what the MSM tells us, Trump’s appeal crosses over a very broad national demographic, and he has the ability to win a landslide general election. Trump isn’t an ideologue.  Obama is an ideologue.  Bush was an ideologue.  Many hard line conservatives oppose Trump because he isn’t conservative enough.  In Jeb Bush speak…”lose the primary to win the general”.  Trump has crossover in a way that few other candidates in the race could ever legitimately claim.  You doubt it…just watch it happen…many Bernie supporters will vote Trump when push comes to shove…and it won’t be quiet.
  4. In his play for Iowa, Cruz branded himself “Pastor-in-Chief” and has little Dem crossover / independent / moderate Republican appeal outside the South. In fact, Dem strategy is to stir fear in issue voters, then get out the vote…which will be explosive if Cruz is the nominee.  Ted has an excellent legal professional background but has never run a popsicle stand.  I cannot believe we’re considering people who have never run anything to run the world’s largest, most powerful organization.  If you want a theocracy, just write-in your local pastor.  America has never been a theocracy, and God gave us free will to reject him, ensuring his people were legitimate lovers.  We can’t have a state that enforces an inauthentic worship of God…which is one clear way Islam is outed as far off the path of an all-powerful, sovereign God.  Does God need human thugs to force people to worship him, or follow his precepts?  America’s clear moral decline is a failure of the church, not the state.  Fix your local church.
  5. Rubio: Are you kidding?  Again…I cannot believe we’re considering people who have never run anything to run the world’s largest, most powerful organization.  If Trump chooses Rubio for VP, he discredits and significantly harms his movement…this is a movement and less about Trump personally.  Movements can be ruthless arbiters of their version of justice.
  6. Bernie: Justice Scalia’s death was a God-send for Hillary Clinton.  Nomination of a Supreme Court justice is more important than a presidential election.  The Dem establishment cannot risk Scalia’s ideological twin on SCOTUS now / i.e. risk a GOP win with long shot Bernie, and will crush his campaign quickly.  Hillary’s “Emailgate” / Clinton Foundation corruption enquiry, etc… are officially over…Dems will not allow legal investigations to proceed at almost any cost or risk.
  7. Trump should include a campaign theme “If I win, she goes to jail”. A large chunk of the Dem/GOP electorate will be highly energized by the possibility of equal justice for all.  The American electorate are demanding red meat…Trump and Sanders are giving it to them.  Trump shouldn’t waste the opp to serve up Hillary on a silver platter…and it appears he’s already going in that direction…brilliant…massive crossover appeal…ignore the MSM.
  8. Trump’s VP: Gordon Bethune?  Newt Gingrich?  Someone like Bethune would be powerful…a strong signal that America’s best talent is now getting into the game…people with the best available skillset to right the ship and get us back on track…people we’d never have considered for public service before…non-ideological pragmatists.  Newt is unique.  He has a disruptive personality…proven ability to get big things done at the fed gov’t level against all odds…a proven fighter who knows how to navigate the fed gov’t labyrinth, and where the skeletons are buried…Trump needs old iconoclast salts like Newt on his team somewhere.

 

Just my two cents…for what it’s worth.

 

JW

NY, NY

24 Feb 2016

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Left, right, or center, every American should (must) vote Trump for one reason alone

Posted in Uncategorized by Jack Worthington on August 11, 2015

The MSM is actively trying to bury this story…one of the most consequential in our generation??

Quote from The Levant Report: “knowledge of the declassified document must make it into every American household”.

In summary, a recently declassified document suggests, and the former head of US Defense Dept Intelligence (DIA) just confirmed, that Obama willfully created ISIS and supports radical Islamic terrorists militarily.

http://levantreport.com/2015/08/06/former-dia-chief-michael-flynn-says-rise-of-islamic-state-was-a-willful-decision-and-defends-accuracy-of-2012-memo/

http://www.rt.com/usa/312050-dia-flynn-islamic-state/

The implications are extraordinary, hard to fully analyse, and frightening, but one thing is clear:  It’s not only what we do know, but what we don’t know that should worry us when monitoring Barack Obama’s presidency.

This is hard evidence for what many have instinctively believed, yet at the same time, denied as unthinkable from our own President.  Did we really get it that bad on Obama?  Yes Virginia, this evidence proves that we did.  Was George Washington really on the side of the British?  Unthinkable.

It’s time to encourage independent, non-US journalists to investigate and report on this story asap.

It’s time for all Americans to watch / re-watch Dinesh D’Souza’s “2016: Obama’s America”, which gives one plausible explanation for the root of our Obama problem.

It’s time to control illegal immigration and secure the border asap.  Again, it’s what we don’t know that should worry us.

Who still trusts Obama to negotiate a nuclear deal with Iran, the world’s most active and unrepentant state sponsor of Islamic terrorism?

It’s time for all American’s, left, right, and center to vote Trump.  He’s the only one with the courage to control our borders.  Does this really require courage?!

JW

NY, NY 11 Aug 2015

Thoughts on the 6 Aug US GOP Debates

Posted in Uncategorized by Jack Worthington on August 7, 2015

Thoughts on the 6 Aug US GOP Debates

In business or government, Trump / Fiorina would be a powerful leadership team for a failed / distressed organizational turnaround.  Broadly speaking, the American public knows business better than anyone on the planet. Out of the declared candidates so far, who would you choose to lead the turnaround of a failing organization? I can only seriously imagine one of these two. The others don’t have the skillset, experience, or the unique demeanor of a turnaround pro, so critical to the challenge of this job today. Only two of them would be seriously considered for this type of challenge in the business world, when direct personal money is on the line, much less the nation’s future.  The Donald in particular has the archetype demeanor of a successful turnaround leader.  These guys are brought in when blood is in the streets, a company is going down, and nobody knows what to do.  Tough as nails, and mostly unpopular…people who have the courage to grab the helm and do what has to be done to right a sinking ship…rarely are they fully appreciated, except in their paycheck, and perhaps by posterity.

When Americans are existentially challenged, we naturally gravitate towards bold, highly talented, personally-imperfect leaders in the mold of Patton, MacArthur, Washington, et al. This is no time for a milquetoast, scrubbed career pol hack who could only preside over a gracious decline in the most optimistic scenario.

Somehow, we need to start attracting America’s best and brightest…the world’s best…into this corrupted political arena, for even a slim chance of averting national calamity…in the near term.

My hat is off to Carly Fiorina, Dr. Ben Carson, and Donald Trump for bringing their formidable private sector talents to the table at this critical juncture in American history. We need more people like them in this game.  We may not agree with everything they say, but their voice in the process is critically important.

Starbucks CEO / Dem candidate Howard Schultz to challenge Hillary?? Let’s encourage this talented man even if we don’t support his views. It’s time for all hands on deck, and a serious national turnaround program to commence…asap.

JW

NY, NY 7 Aug 2015