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Kunstler: Summer of Tough Love

Public Policy

The golden Colossus of Trump looms over the national scene this summer like one of Jeff Koons’s giant, shiny, balloon-puppy sculptures — a monumental expression of semiotic vacancy. At the apogee of Trumpdom, everything’s coming up covfefe. The stock market is 5000 points ahead since 1/20/17. Little Rocket Man is America’s bitch. We’re showing those gibbering Asian hordes and European café layabouts a thing or two about fair trade. Electric cars are almost here to save the day. And soon, American youth will be time-warping around the solar system in the new US Space Corps!

Enjoy it while you can. Events are converging ominously this summer in the direction of unwinding expectations and serial train wrecks of finance and politics. Mr. Trump has made hubris simple by bragging on the supposed triumphs of “his” economy. When it blows up, he’ll own that, too, and the second half of 2018 liable to be a debris-field of shattered national economies, zombie corporations, and floundering institutions.

A new supreme court justice will be the very apex of Trump triumphalism, but whoever the pick is will goad the Democratic “progressives” to new depths of antagonism, so expect more street-fighting by the black-masked Antifa forces during the senate confirmation debate. Some sort of martial law will be invoked by a governor, or perhaps even the president himself. Initially that would amount to little more than curfews, but they’ll be ignored, and then the fun will really begin. Think: national guard troops and angry clashes. The tone will be low, and sinking fast.

If Antifa acts up the way I anticipate, it will drag the Democratic Party closer to extinction. The party celebrated a week ago over the rise of Evita Peron wannabe, Alexandria Ocasio-Cortez. Her youth and glamour intersect with her socialism, a doctrine that caused more human deaths in the 20th century than all the religious wars of the previous centuries. What’s not to like about it?

The blowup of the bond and stock markets later this year will put to a gloomy rest the ludicrous notion that America has been enjoying a great economic boom. It’s actually been an engineered hallucination, thanks to the global monetary authorities applying the magic of limitless credit to a bad habit of credulous speculation. The central banks have launched a program of so-called “quantitative tightening (QT)” — an idiotic phrase meant to counterpoise the equally fatuous “quantitative easing (QE),” PhD economist-speak for grotesque interference in the bond markets — that will choke down the credit supply at exactly the moment that governments and giant corporations need new loans to pay the interest on old loans. The trajectory there is obvious.

The big question, of course — hardly ever asked in the public arena — is what that will do to currencies, i.e., money. It can really only go two ways: either make money very scarce, in which case a lot of people and enterprises go broke, or, if the monetary authorities respond to the predicament by enabling a return to bottomless credit issuance, the money will become worthless — they’ll be plenty of it, but it won’t buy much. Such a turn of events will make an already-unhinged nation fly apart.

Lurking in the background of all this are several other consequential movements, trends, and troubles. One is the fate of the European Union. The quarrel over migrants from the Middle East and Africa will not be resolved happily. Germany and France will not succeed in bullying countries like Austria, Hungary, and Poland into absorbing more of these strangers. The more the EU pushes, the more they will feed nationalist sentiment in these places. And of course all the Big Dawgs of the EU are already stuck with millions of newcomers they foolishly invited the past several years, and all the problems they brought with them.

Another plot-line deep in this summer’s story is the movement of oil markets. Recently, the trend has been for rapidly rising oil prices. As they approach the “magic” $75-a-barrel mark, you can be sure they will squash economic activity — which is already being hammered by the uncertainty unleashed by trade-and-tariff shenanigans. If the oil price heads back over $100/barrel you can just forget about maintaining the business status quo — and even at that price the shale oil companies won’t make a red cent. Of course, they’ll also have a tough time getting new loans, which is the only thing that kept their operations going for the past ten years.

Oh, yes, there is also that Hieronymus Bosch Garden of Earthly Delights known as the Mueller Investigation, with its dreary outposts in the executive suite of the FBI, and all the tangled mysteries entailed there. Mr. Mueller will come up with someone to indict on something, even if it’s ninety-seven ham sandwiches. I suspect Mr. Trump will manage to dump Attorney General Jeff Sessions and Deputy AG Rod Rosenstein. And then the pardons will fly, like so many winged demons flapping from the mouth of Hades. Constitutional crisis may be too mild a word for what ensues.

By holiday time in early winter, much will clarified about the actual direction of the country. By then, the “Walk Away” movement may even include the obdurate shills at CNN and The New York Times, and the Intellectual-Yet-Idiots on the college campuses. And the Golden Golem of Greatness will lie upended in the swamp that he just didn’t try hard enough to drain.

Kunstler



176 Comments on "Kunstler: Summer of Tough Love"

  1. GregT on Mon, 9th Jul 2018 6:51 pm 

    “The matrix has you..Follow the white rabbit”

    “You take the blue pill—the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill—you stay in Wonderland, and I show you how deep the rabbit hole goes.”

    I chose the red pill MM. Wonderland is great. You’re more than welcome to continue believing whatever you want to believe.

  2. MASTERMIND on Mon, 9th Jul 2018 7:01 pm 

    Greg

    Check this out, if you like Matrix…I showed to my college class and the teacher gave me an A ..

    https://www.youtube.com/watch?v=Rjye0RmkqWw

  3. GregT on Mon, 9th Jul 2018 10:26 pm 

    The Story of Your Enslavement

    https://www.youtube.com/watch?v=Xbp6umQT58A

    We can only be kept in the cages we do not see.

    Wake up. To see the farm is to leave it.

  4. Makati1 on Mon, 9th Jul 2018 10:46 pm 

    A fantastic 13 minute video, Greg. I am sending it to everyone I know. Thanks!

  5. MASTERMIND on Mon, 9th Jul 2018 10:52 pm 

    Greg

    That is a really old video..I like it..but the creator is a far right nutjob from Canada..

  6. MASTERMIND on Mon, 9th Jul 2018 10:53 pm 

    Madkat

    You are sending it to everyone you know? You don’t know anybody..Your wife left you after all those years, remember?

    LMFAO!

  7. Makati1 on Mon, 9th Jul 2018 11:01 pm 

    MM, you continually exceed yourself in proving your stupidity, immaturity and insanity.

  8. Makati1 on Mon, 9th Jul 2018 11:03 pm 

    BTW MM: ” …but the creator is a far right nutjob from Canada.”

    Trying to kill the messenger does NOT change the message.

  9. Makati1 on Mon, 9th Jul 2018 11:04 pm 

    BTW MM: YOU are just a cow on the imperial tax farm. Moooo!

    I’m not. LOL

  10. MASTERMIND on Mon, 9th Jul 2018 11:11 pm 

    Madkat

    If you don’t like taxes go live in Somalia then..

  11. GregT on Mon, 9th Jul 2018 11:13 pm 

    “video, Greg. I am sending it to everyone I know. Thanks!”

    Don’t expect many to react much differently than MM Makati. People in general are not overly bright.

  12. GregT on Mon, 9th Jul 2018 11:16 pm 

    “If you don’t like taxes go live in Somalia then..”

    Your taxes are no longer being used for the wellbeing of society, they are being used to service debt, that will never be paid off.

  13. Makati1 on Tue, 10th Jul 2018 12:09 am 

    Mm, I paid taxes for 50 years. Now I am getting some of it back in Social Security. Keep paying your taxes so my SS income continues. I use it to buy trade goods and improve the farm. LOL

  14. Makati1 on Tue, 10th Jul 2018 12:13 am 

    Greg, I know. Most Americans are so brainwashed, or in denial, that they will not see or believe anything that shakes that pretty picture. I have a niece that told me to stop sending that stuff to her because it was upsetting her family. Too bad she is unwilling to live in reality. It will be forced on her soon and she could have prepared them for it.

  15. MASTERMIND on Tue, 10th Jul 2018 12:20 am 

    Madkat

    You are harassing your family now? Geez, you are a cruel old man..I dont tell any of my family about collapse issues or my girlfriend..
    The reason is there is nothing they can do to prepare for it..I bet they think you are a nutjob..

    LMFAO!

  16. Makati1 on Tue, 10th Jul 2018 12:31 am 

    No MM. I’m harassing you. It is more fun poking facts at the village idiot, you.

    I am advising my family. They can choose to listen or not. They are not my responsibility any more. All are adults and have their own families, unlike your worthless self.

  17. MASTERMIND on Tue, 10th Jul 2018 12:35 am 

    Madkat

    How old is your niece?

    And what do you expect them to say? Do you want them to become doomsday preppers like you? Why do you and greg have to force your cult onto others..Others like myself just want to live in peace and if shit hits the fan. Than thats the ball game..

  18. Makati1 on Tue, 10th Jul 2018 12:49 am 

    Actually Mm, some of my family are prepping big time. My step sister cleaned out their 401k and bought a farm. Then she went back to college and became a registered nurse at age 52. She did all of this while raising 4 kids, home taught. And supporting her husband in his business.

    Some people are intelligent and industrious, unlike yourself.

    BTW: That niece is married to an executive at Giant Foods. She is in that spoiled 1%er class who doesn’t want to hear that their world is going to crash. Denial big time. She is 50 BTW.

  19. Makati1 on Tue, 10th Jul 2018 12:53 am 

    You are a loser MM. A worthless piece of shit living on the dole and not some fictional “savings”. Probably fired from flipping burgers at McDonalds for incompetence or arrogance. Now living in mom’s basement contemplating suicide while popping drugs and watching zombie movies. A zero waste of resources.

  20. MASTERMIND on Tue, 10th Jul 2018 1:09 am 

    Madkat

    Good luck defending a farm without the rule of law and a prosperous society..And good luck growing food without fossil fuels..

    Can we please stop with this stupid grow a farm meme..Its not going to last when society breaks down..Unless you have a giant wall around it..Hungry people will steal everything.

  21. MASTERMIND on Tue, 10th Jul 2018 1:10 am 

    Madkat

    Now living in mom’s basement contemplating suicide while popping drugs and watching zombie movies.

    That actually sounds bad ass!

  22. MASTERMIND on Tue, 10th Jul 2018 1:24 am 

    91-year-old man beaten with brick, told ‘go back to your own country’

    https://www.msn.com/en-us/news/us/91-year-old-man-beaten-with-brick-told-go-back-to-your-own-country/ar-AAzOIAg?ocid=ob-tw-enus-677

  23. Makati1 on Tue, 10th Jul 2018 1:57 am 

    How does it feel to be a loser, MM? I’ve never been one. I’ve also never even considered suicide. Life is too interesting and worth living. I like the challenge.

    Our farm will not require ‘defending’, MM. I will not be living in the chaos you will be enjoying soon. I am, and will be, living about the same lifestyle I currently enjoy.

    Our neighbors are friends. We help them and they help us. That is the custom here. Why would someone want to take what they can be given? I’m paying for their kid’s college. We help with their medical bills. We employ them on the farm and share our produce. I am not afraid of them. They are better ‘protection’ than any army. They are real friends.

    You probably don’t even know your neighbors. And you think I am in danger. LMAO!

  24. GregT on Tue, 10th Jul 2018 2:13 am 

    “Why do you and greg have to force your cult onto others..Others like myself just want to live in peace and if shit hits the fan. Than thats the ball game..”

    I really couldn’t care less if you decide to off yourself MM. I’m not forcing my plan onto you or anybody else. It is you who continually tries to force your views onto others.

    You stick to your plan, and I’ll stick to mine.

  25. GregT on Tue, 10th Jul 2018 2:22 am 

    “91-year-old man beaten with brick, told ‘go back to your own country..”

    That’s pretty sad. Where else would shit like that happen then in the dying empire.

  26. GregT on Tue, 10th Jul 2018 2:29 am 

    “Now living in mom’s basement contemplating suicide while popping drugs and watching zombie movies.”

    “That actually sounds bad ass!”

    That actually sounds like a complete waste of life.

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