All of which raises the question: is the USA just floating merrily merrily down the stream of events under the beneficent reign of “Joe Biden” (Susan Rice, Barack Obama & Co…)? Or are we, rather, freefalling?

https://kunstler.com/clusterfuck-nation/the-ice-cream-flavor-next-time/

James Howard Kunstler

A nation mesmerized by its own weakness wanly celebrated the long-ago and faraway memory of standing up for itself, while it passively endures the current orgy of tyrannical cancellation and suppression of anyone talking back to the present folks-in-charge. Over just a few years, this tyranny has grown like a toxic slime mold from such an unlikely place, the Internet social app ecology of Facebook, Twitter, and Google, as they took over the public arena — where the battle of ideas is supposed to live — and did the government’s dirty work, complete with adorable emojis. You’re fired!

Who will stand up to Zuck, Jack, and Sundar Pichai? Who elected these megalomaniacs boss of the USA? What will it take to end their reign of terror? Some sort of… revolution? (Shhhh! That must be a dirty word, even considering we just celebrated the high point of the American Revolution: The Declaration of Independence, signed July 4, 1776.)

Don’t look to “Joe Biden,” the nation’s putatively elected leader — about whose election back in November, 2020, you are liable to hear more about as the summer stickily unspools. Zuck, Jack, and Sundar managed to protect “Joe Biden” from the stupendous depredations of his offspring, Hunter Biden, recorded in explosive detail on a laptop the public was not allowed to hear about. Don’t look to the Department of Justice, supposedly “investigating” that horde of memos and emails detailing the Bidens’ influence-peddling to the CCP and others — they’re busy surveilling “white supremacists” on the apps run by Zuck, Jack, and Sundar. And for sure don’t look to the news media, that coalition of sell-outs and quislings, busy decoding the foreign policy moves signified in “Joe Biden’s” ice-cream flavor choices. (Rocky Road means: Oh, let China have that….)

Wondering who is actually running the “Joe Biden” government? Some of us out here are. (Do you think we’re allowed to say that?) For instance, have you tried googling the name Susan Rice lately? Remember her? Maybe not. “Joe Biden” appointed her Director of the White House Domestic Policy Council. From the looks of things across the country, you’d think her plate would be heaped mighty high, what with “insurrection” and other white mischief threatening to take down the republic.  Anyway, I googled “news” for her. Hardly a goshdarn thing came up that wasn’t from months ago, and most of that was sheer puffery about how accomplished she is, and what a fabulous person. Don’t you wonder what her phone log looks like? All those calls to the Obama residence, day after day, hour after hour?

All of which raises the question: is the USA just floating merrily merrily down the stream of events under the beneficent reign of “Joe Biden” (Susan Rice, Barack Obama & Co…)? Or are we, rather, freefalling? I suspect it is the latter. And toward what? It being mid-year, I will venture a few guesses. Enjoy the summer while you can because Corona Virus is coming back in the fall and watch out for people who are vaccinated getting sicker than the un-vaxed. That will be a mind-bender, as if Americans are not already utterly perplexed and bewildered by one political swindle after another. The whining will drown out even the news of more “white supremacy.” But they told us….

An autumn wave of Covid-19 (one “variant” or another) would take out whatever remains of the service economy, the restaurants struggling just now to return to normality (ha!), the hair salons, the gyms, the florists, booksellers, sports, theaters, live music venues, what-have-you. Since we no longer have much of a manufacturing economy, the only thing left would be Wall Street — which was originally designed to raise money for the manufacturing and service sector but now only raises money for itself via the seemingly magical mingling of “leverage” with “liquidity” to conjure profit from black holes where the ghosts of productivity howl.

It’s some trick but, let’s face it, it’s still just a trick. Also in that picture is the weird three-legged race of deflation tied to inflation running both uphill and downhill at the same time like a nightmare out of M.C. Escher by way of Stephanie Kelton. The USA will be toting up a $3-trillion-plus deficit just for the current fiscal year at the same time that debt becomes ever more obviously unpayable. How does debt even mean anything if there is no prospect of paying it back? Especially in the form of financial instruments, namely: bonds. And how does a financial system based on debt behave when all that is the case? I guess we’re going to find out.

My guess would be a price collapse in financial instruments — abstract things represented by money — and then a collapse of money itself. You may be thinking: not a pretty picture. I know. And we thought the last days of the Soviet Union were bad in 1990. Hoo boy, are we in for a rough ride.  One can hardly imagine the social side-effects of all that, but it would seem to imply people having a rather hard time finding something to eat, or getting anything else they need. Remember good ol’ Ross Perot talking about “a giant sucking sound?” Think of that against a background of things on fire. What flavor ice-cream will “Joe Biden” be ordering on Halloween?

Be seeing you