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Tuesday, June 21, 2016

Donald Trump and the Great Tulip Mania of 1637

Americans need to constantly be reminded about the genius attributed to showman, PT Barnum.  

"There's a sucker born every minute".  

Barnam built a dynasty around a bait and switch carnival game.

Perhaps the re-invention of the PTBarnum slogan has been reinvented in the person of the candidate Donald Trump.  In fact, Donald Trump told his blinded followers that he would be a truly independent candidate and fund his own presidenital campaign. In fact, he's used the money raised by whatever nefarious methods he's received it to subsidize his bandrupt  companies.

Now, the nearly flat broke political candidate Trump claims he'll match campaign contributions up to $2million dollars for dollar. First of all, $2million campaign dollars is peanuts, might as well be chump change. Second, the idea that candidate Trump will match contribution donations is like wondering how the Great Tulip mania of 1637, caused economic panic in 17th century Europe. 
Charles MacKay (1814-1889 was a Scottish writer who authored Extraordinary Popular Delusions and the Madness of Crowds. (Donald Trump's mother, Mary Anne Trump, was a Scottish immigrant to America.  Perhaps MacKay is a distant relative?)

Trump's "match" is impossible to understand. In fact, the money the candidate Trump will use to match campaign contributions will, more than likely, be shifted from money raised by either the Republican National Committee (RNC) or by robbing "Peter to pay Paul". As a matter of fact, we don't know who the proverbial "Peter" is because, in fact, candidate Trump has not revealed his sources of income while his income tax returns are still secret.

Donald Trump built his populist campaign around the concept of "The Big Lie", meaning, he can tell a huge lie often enough so that the media must report it as news.  Eventually, the uniformed public, who recognize the Trumponian brand, will "buy" the lie, regardless of how preposterous it is, just because it's out there. It's PTBarnham 101- "A Sucker Born Every Minute".

It's like the Tulip Bult Mania of 1637.  

Tulip mania or tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.

At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble (or economic bubble).

The 1637 event was popularized in 1841 by the book Extraordinary Popular Delusions and the Madness of Crowds, written by British (or Scottish?) journalist Charles Mackay. According to Mackay, at one point 12 acres (5 ha) of land were offered for a Semper Augustus bulb. Mackay claimed that many investors were ruined by the fall in prices, and Dutch commerce suffered a severe shock. 

In fact, Donald Trump doesn't have enough money to support a national campaign to run as the Republican candidate for US President.  He either needs another fascimile "Tulip Mania" money campaign, or he'll have to sell some assets to fund a campaign structure that will give him credibility as a viable candidate.

Otherwise, Donald Trump is demonstrating, with a preponderence of evidence, that he's completely unqualified to be Leader of the Free World.

Thankfully, Secretary Hillary Clinton 2016, will save America from Trumponian disaster because she's an experienced political world leader.  As the qualified presidential candidate, Americans must vote to support Secretary Clinton's election and, at the same time, eliminate all Republicans who have affiliations with right wing extremism.

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