26.2.21

TODAY'S GLOOMY FORECAST.

James "Long Emergency" Kunstler wonders how long the scam can go on.
How long will it be before the public realizes that Mr. Biden is being strictly concealed from view by his managers? And how long can they keep it up? A few more weeks, maybe, I’d guess. What did they think they were doing when they engineered the election of this empty suit, this blank cartridge, this political mannequin, this man-who-isn’t-there? Of all the hundred-million-odd adults over 35-years-of-age in this country, they picked this empty vessel to lead in a year of obvious crisis?

Apparently so — an act so collectively insane it makes you shudder to think about it. Like, the Democratic Party really thought this was a good idea? And who’s calling the shots behind this false front? Some committee chaired by Susan Rice? With directives coming into the Oval Office by messenger from Barack Obama’s Kalorama fortress, with, say, Eric Holder, Rahm Emmanuel, David Axelrod, John Brennan, and a few others charting the daily play-by-play?

So, you suspect that something weird like that is going on? I sure do. And I also suspect that when the truth comes out, the Democratic Party will have to face some pretty harsh music. Just the other day the public learned that 30 House Democrats are seeking to limit Mr. Biden’s sole authority over the launch codes for our nuclear missile arsenal. That doesn’t sound like a vote of confidence. Does White House Press Secretary Jen Psaki look like a cornered animal going about her daily briefings? The ongoing spectacle of the missing head-of-state is inching beyond embarrassing.

And then, what do the people of this country think when it becomes necessary to throw the switch on the 25th Amendment and remove poor Ol’ Joe from office on account of being simply unfit to continue serving? I’ll tell you what they’ll think: that the Democrats knowingly put an unfit man in high office. They’ll understand that they got played, scammed, hustled. They’ll be mighty pissed off. They may seek to learn a bit more about exactly how this happened, especially the sketchy mechanics of the November 3rd vote that put Ol’ Joe in the White House. Even some Democrats may demand answers. Of course, the cruelest scene in this scenario will be the big manufactured hoo-hah celebrating Kamala Harris as the first female president — which in itself may be difficult to pull off, since so many Democrats have declared there’s no such thing as two sexes.

Meanwhile, you better pray for the bond market and, in turn, the equities markets, and, in turn, the whole shootin’ match of the economy (whatever remains of it, that is). Yesterday the benchmark ten-year US Treasury peeked above the dangerous 1.5 percent mark. What this tells you is that world is expecting the dollar to go down substantially and with that, the value of US Bonds, which foreign holders will seek to dump on a market not eager to buy them up, meaning the Federal Reserve will have to step in and buy them, meaning they will have to create a shitload of new dollars out of thin air to do that, which will drive down the purchasing power of each dollar, which will further inflame the world’s urge to dump devaluing US bonds — a vicious feedback that could crash the banking system just as Covid 19 begins fading away to nothing.

Oh, and note: rising interest rates on US Treasuries will force the government to pay much more to service our massive debts. That will negate any of the fiscal ambitions of Kamala Harris’s shadow government — unless the committee running America decides to utterly destroy the US Dollar. The bait-and-switch game playing out in the White House is just an overture to all that.
Let's suppose for the sake of argument that it wasn't voter fraud that put the coot over the top; that Donald Trump was his own worst enemy. There's still plenty of evidence that the palace guard media covered for him, whether by not asking enough questions about that basement campaign, or by not bothering with reporting on his family ties to China.

There's also a research question lurking in that prediction about the coming hyperinflation. Devotees of modern monetary theory rely on two things being true: it's a reserve currency being created at the banks, and the government's taxes absorb much of the money that might otherwise be spent in Weimar lunch break fashion.  Might the Wuhan coronavirus shutdowns be performing as if they are taxes, and which of the following might follow?  On one hand, their lifting is as if a tax cut, and the hyperinflation follows?  On the other, might some of the national government's boffins know this, and they'll keep the shutdowns in place, or lift them very slowly accordingly?  If so, will stagflation in the Jimmy Carter mode be what follows?

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