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Kunstler: Beware of What You Wish For

Public Policy

Apart from the 150 people shot (25 killed) in Chicago, the week after Father’s Day had the quality of a time-out from widespread anarchic violence that the Democratic Party has unleashed upon the nation to distract the public from the party’s lack of a viable election candidate or any credible platform of ideas for managing epic economic contraction. The contraction was already underway before Covid-19 greatly accelerated the damage.

Whipping up a moral frenzy over alleged “systemic racism” adds a nice overlay of psychological damage to a population reeling from economic loss, keeping them enthralled to phantoms, figments, and apparitions while all their familiar arrangements unravel around them. Last week’s pause in the action only portends a resumption of hostilities culminating in July Fourth, when the nation traditionally throws a birthday party for itself. No celebration will be allowed this year. But there may be plenty of marching, moiling, and mayhem.

Wokester Central has already established the story-line that the USA was a criminal enterprise from the start and that it must be smashed to set free the genius energies of Wakanda — currently misdirected in the suicidal gunplay seen in Chicago and other places of concentrated urban poverty. It’s pretty obvious that the uproars of Black Lives Matter (BLM) and its Antifa allies are to some degree centrally organized. They have access to plenty of cash, thanks to funding from George Soros’s Open Society Foundation, the Ford Foundation, and an array of showbiz-oriented corporate supporters. You can be sure that there will never be any accounting for it, since that would be labeled “racist.” The news media has shown zero curiosity about how exactly the money is being used — or merely distributed among those in the upper echelons of the hustle.

Based on the emails coming in here, some readers are baffled as to why I call BLM “a hustle.” I define a hustle as an effort to influence other people by dishonest means to give you something. Black America has received a tremendous amount of sympathetic assistance from the rest of the country since the 1960s, when the US government officially acknowledged the raw deal they’d gotten in slavery and Jim Crow segregation and passed landmark legislation to try to correct it. Doing so was a moral necessity when the USA posed as “leader of the free world.”

The effort has continued for decades with less than satisfactory results. A lot of well-intentioned help over the years had unfortunate unintended consequences. Everybody knows that the cash assistance programs created a pernicious culture of government dependence, hindered black family formation, and rendered black men superfluous except in sports and showbiz. Affirmative action in college admissions was undertaken mainly for institutional moral showboating, often with tragic outcomes for young people unprepared to perform there.

A large share of the black demographic remains mired in economic failure. Ending racial segregation was surely a moral imperative, but one tragic byproduct was the destruction of the old mirror economy of black middle-class business and professions. A lot of that was replaced by employment in various public bureaucracies, with jobs ranging from useless to pointless to hopelessly corrupt and inimical to the real common good. The evidence is right there, on-the-ground, in Newark, Baltimore, Philadelphia and many other cities. The rest of the country pretends not to see it because they are ashamed about how things turned out. They are even more desperate to seek phantom explanations and “systemic racism” covers it with elegant simplicity. No need to think further.

I don’t have the exact numbers, but it’s likely that the Covid-19 lockdowns took out disproportionately more jobs held by black Americans in low-paying food prep, hotels, and other service industries. A lot of those businesses will not be coming back to anything like their former levels of activity and employment. Of course, all other racial groups in US are getting battered by job loss, too, but they are expected to find solace in their whiteness, Asian-ness, Hispanic-ness, et cetera.

Pretty clearly, the next move for black America is the demand for cash reparations for all their historical indignities. That’s the hustle-of the-last-resort. One can easily predict the fiasco it will lead to. A Democrat is elected in November and reparations are enacted by congress. They’ll come out with some figure, whatever tortured process it takes. They’ll do it in the same fabled hundred days that they legislate trillions of dollars in other programs aimed at replacing lost private business with government dispensation… of everything… based on… what?

Well, not on the production of anything of value. Really just on more debt. The new crop of political leaders, like the old crop, will overlook the fact that the American economy blew up in 2020 because it had been running on debt, one way or another, for more than a decade, and we actually exceeded our ability to take on new debt. So, when the new administration borrows trillions more from itself, it will finally destroy the dollar. Within a few months, the value of reparations — whether $100,000 or $10 million per individual — will run to zero. The joke will be on everybody. Except guess what. It will be no joke.


Note: I am posting on Parler now as jhkunstler.

Kunstler



114 Comments on "Kunstler: Beware of What You Wish For"

  1. Abraham van Helsing on Tue, 30th Jun 2020 9:01 am 

    Why you should leave the coastal cities now, certainly if you are white and don’t want to end up on the receiving end of cannibalism:

    https://vdare.com/posts/the-price-of-lawlessness-79-of-truckers-say-they-won-t-deliver-to-american-cities-voting-to-defund-police

    “The Price of Lawlessness: 79% of Truckers Say They Won’t Deliver to American Cities Voting to Defund Police”

    A police-defunded city means in no time “road-block-city” and “order-provided-by-BLM-gangs”.

    “Anything to declare, white honky? Move your truck to the side.”

    It is btw amazing that Trump is still president in July 2020!

  2. John Q. Public on Tue, 30th Jun 2020 9:54 am 

    The Kunt is in for a rude awakening in just four more months. The only strategy Kunt knows is to attack and degrade the resistance as he knows full well his Republican paymasters are intellectually bankrupt.

    I remember how during the height of the near-total collapse of the economy in 2008 following eight disaster filled years of failed Republican economics the Republican members of congress fought President Obama’s loan package to the automotive industry. Thankfully, President Obama prevailed otherwise this country would have lost GM and Chrysler and hundreds of thousands of good-paying jobs would have been lost forever.

    Kunt is a financial horror who has sold his soul to the devil in exchange for $$$$$.

  3. zero juan on Tue, 30th Jun 2020 9:55 am 

    JuanP on Tue, 30th Jun 2020 9:00 am

    ““The criminal left owns the polls stupids. They are desperate. I believe anything that fits my delusions and mental illness. One day I talk Go Trump 2020 the next I am talking up Biden . I am a fucking lunatic and a criminal personality. I am talking like an asshole, one day at a time, every day. My chronic delusions will catch up with me and I will not be able to get out of bed, and will become a patient in the mental dipshit ward where I belong.”

  4. zero juan on Tue, 30th Jun 2020 9:57 am 

    mindless juanPee shit. Ban the fuck please!

    “supertard saint jauanP could we at least try to get along we are in this together only together we can get trough CONVICT-19 on Tue, 30th Jun 2020 9:00 am”

  5. Duncan Idaho on Tue, 30th Jun 2020 9:59 am 

    The 3 Weeks That Changed Everything

    https://www.theatlantic.com/politics/archive/2020/06/how-white-house-coronavirus-response-went-wrong/613591/

  6. zero juan on Tue, 30th Jun 2020 10:01 am 

    More of juanPee’s multiple personalities. He has no postion because he is a mentally ill psychopathic, narcasistic, and schizo-affective personality. Digitally he is a stalker and troll. He has no farm, he does not do yoga, there is no sailboat. He is a fraud and a POS. He fucked with the wrong person and now his bullshit is outed daily!
    JuanP on Tue, 30th Jun 2020 9:54 am
    “The Kunt is in for a rude awakening in just four more months. The only strategy Kunt knows is to attack and degrade the resistance as he knows full well his Republican paymasters are intellectually bankrupt. I remember how during the height of the near-total collapse of the economy in 2008 following eight disaster filled years of failed Republican economics the Republican members of congress fought President Obama’s loan package to the automotive industry. Thankfully, President Obama prevailed otherwise this country would have lost GM and Chrysler and hundreds of thousands of good-paying jobs would have been lost forever. Kunt is a financial horror who has sold his soul to the devil in exchange for $$$$$.”

  7. JuanP on Tue, 30th Jun 2020 10:05 am 

    Duncan, your Atlantic is a stupid woke liberal rag from the fraudulent MSM. Please refrain from posting that junk.

    “Duncan Idaho on Tue, 30th Jun 2020 9:59 am”

    “The 3 Weeks That Changed Everything”

    https://www.theatlantic.com/politics/archive/2020/06/how-white-house-coronavirus-response-went-wrong/613591/

  8. John Q. Public on Tue, 30th Jun 2020 10:20 am 

    Davy’s posts, ID theft, and various socks provide a valuable insight into the demented mind of the average Trump supporter. His commentaries provide ample evidence of why it is necessary to remove Trump and his Republican enablers from office in November.

    A new broom will sweep clean the insanity.

    Birds of a feather flock together.

  9. The Choice is Yours on Tue, 30th Jun 2020 10:25 am 

    Just remember this before voting in November: If you want to embolden the behavior demonstrated by Davy, then vote Trump. On the other hand, if you are fed up with the insanity and ugly behavior demonstrated by Davy, vote Democratic for a change.

  10. Uppity Nigger of BLM on Tue, 30th Jun 2020 10:28 am 

    oh yes ! please do!
    save us from the orange man!
    Long live Clinton II
    or will it be Bush III ?
    Let us all be woke together and led to a glorious new age of wisdom!

  11. zero juan on Tue, 30th Jun 2020 10:29 am 

    “JuanP on Tue, 30th Jun 2020 10:20 am
    “JuanP posts, ID theft, and various socks provide a valuable insight into the demented mind of the average Trump supporter. His commentaries provide ample evidence of why it is necessary to remove Trump and his Republican enablers from office in November. A new broom will sweep clean the insanity. Birds of a feather flock together.”

  12. zero juan on Tue, 30th Jun 2020 10:30 am 

    JuanP on Tue, 30th Jun 2020 10:25 am
    “Just remember this before voting in November: If you want to embolden the behavior demonstrated by JuanP, then vote Trump. On the other hand, if you are fed up with the insanity and ugly behavior demonstrated by JuanP, vote Democratic if you are insane.

  13. zero juan on Tue, 30th Jun 2020 10:31 am 

    mindless juanPee shit:

    Uppity Nigger of BLM on Tue, 30th Jun 2020 10:28 am

    oh yes ! please do!
    save us from the orange man!
    Long live Clinton II
    or will it be Bush III ?
    Let us all be woke together and led to a glorious new age of wisdom!

  14. Victoria Nuland (the hook nosed jew war monger) on Tue, 30th Jun 2020 10:31 am 

    who will the U. S. bomb next under uncle Joe Biden??
    after all its not politically incorrect to bomb people yet is it?

  15. zero juan on Tue, 30th Jun 2020 10:53 am 

    mindless juanPee shit:

    Victoria Nuland (the hook nosed jew war monger) on Tue, 30th Jun 2020 10:31 am

    who will the U. S. bomb next under uncle Joe Biden??
    after all its not politically incorrect to bomb people yet is it?

  16. Davy on Tue, 30th Jun 2020 11:42 am 

    We hope y’all enjoy are mindless juanPee/pink poodle shit as much as we do. It makes us feel real proud of ourselfs.

  17. Richard Guenette on Tue, 30th Jun 2020 11:47 am 

    America’s MSM is a bunch of malarkey.

  18. zero juan on Tue, 30th Jun 2020 11:48 am 

    juanPee shit:

    Richard Guenette on Tue, 30th Jun 2020 11:47 am

    America’s MSM is a bunch of malarkey.

  19. zero juan on Tue, 30th Jun 2020 11:49 am 

    juanPee, you fucked with the wrong dude. LMFAO. listen to the widdle pussy whine

    JuanP on Tue, 30th Jun 2020 11:42 am

    We hope y’all enjoy are mindless juanPee/pink poodle shit as much as we do. It makes us feel real proud of ourselfs.

  20. Duncan Idaho on Tue, 30th Jun 2020 11:50 am 

    Nearly half the U.S. population is without a job, showing how far the labor recovery has to go

    https://www.cnbc.com/2020/06/29/nearly-half-the-us-population-is-without-a-job-showing-how-far-the-labor-recovery-has-to-go.html

  21. JuanP on Tue, 30th Jun 2020 12:06 pm 

    “Nearly half the U.S. population is without a job, showing how far the labor recovery has to go”

    That’s bullshit, Duncan. Many of these people have jobs that are not reported. Quit your sensationalism.

  22. Duncan Idaho on Tue, 30th Jun 2020 12:08 pm 

    “Did they really think he was popular? He’s never been popular. I guess they just assumed they could keep it close enough to steal it.”

    https://digbysblog.net/2020/06/headlines-you-love-to-see/

  23. SocialRevolutionComing on Tue, 30th Jun 2020 12:15 pm 

    I was looking at the news from all over the world. Best comedy I have ever seen. Here is my comment

    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL
    LOOOOOOOOOOOOOOOOOOOL

  24. Blofeld on Tue, 30th Jun 2020 12:16 pm 

    This talk of politics is inconsequential.
    Early this morning I let a big one rip and it was a huge covid 19 shart!, the strange thing is I haven’t eaten corn in weeks! Im not supposed to have acquired my own virus!
    This virus has been unleashed by Blofeld! Your governments are being manipulated and controlled by an evil mastermind!
    Soon I will retire to my summer house in Rangoon and prepare for my luge lessons in the alps this winter.
    As I type this my scrotum is being shaved by some of my lady servants.

  25. CONVICT-19 just yesterday the death rate from CONVICT-19 is 25 millions per minute today 27 millions per second and now its 29 millions per second and climbing at this rate whitey supertards is completely wiped out soon this is horrific more on Tue, 30th Jun 2020 12:17 pm 

    bagging is solution, use all shopping bags to wrap over the head and practice for supremacist muzzies bag day feb12021

    MUZZ-19 is devastating. Bagging is a must.

    The other solution is to identify the virus using MUZVAX-19. The idea is to identify the enemy and win, this is how wars are always won we just send a couple of reconn aircrafts to sight the enemy and we win

    MUZVAX-19 identifies MUZZ-19 as part of process so body can generate antibodies but this is not essential, only identifying MUZZ-19 is essential and only required process to eliminate MUZZ-19.

  26. Tea Bagger 19 on Tue, 30th Jun 2020 12:21 pm 

    Yes I agree! Convict 19!
    The bagging must go ahead!
    I volunteer to fly recon aircraft with bag on my head!
    The ugly ones can wear 2 bags and join the freedom fighting low down up down muzzie fuzzie wizzy fighters for freedom.

  27. MUZZ-19 death rate in vietname is zero zip nada 000000 CONVICT-19 is absolutely horrific and latest data shows death of 35 millions per second at this rate whitey supertards are fisnished FIN on Tue, 30th Jun 2020 12:23 pm 

    extreme bagging is solution, multiple layers of shopping bags over head and practice for supremacist muzzies bag day feb12021 WIN-WIN

    doctor FAUTUS-19 has warned there will be no whitey supertards left soon

    urgent action of bagging.

    MUZVAX-19 is last resort

  28. TEA-19 I sppoint you supertard your title is "the lover" (of muzzies) congrats on your promotion please bag yourself and be well on Tue, 30th Jun 2020 12:30 pm 

    please love supremacist muzzies more.
    enjoy the muzzie ck we all do

  29. CONVICT-19 the world we know are all wrong (((supertard))) media lie constantly in most of europe and lowlands fuhrer sent some stuka to surveil and photographs enemies enemies all died and that how germany took everything to poland and on Tue, 30th Jun 2020 12:45 pm 

    carpathian mountains

    in russia germany lost a stuka and surveillance was incomplete.

    in stalingrad soviet serveilance a single stomovic plane identified general field marshall freerich paulus and war was over in 1 minute

    6th army was powerful but they did not hide so spotted easily and lost

    liberation of poland was easy theres no trees to hide so wermacht lost

    soviet loaned english general montgomery a stomovic and he won north africa

    desert fox got no chance, no trees to hide.

    liberation of oil field hungry no where to hide

    there is no tank battle at kurks.

    both sides sent surveillence aircrafts but suka shot down and a single sturmovic saw wermacht and it lost

    vietnam war is lost ..soviet mig fighter sighted americans and won

    vietnam has zero nada zip CONVICT-19

    MUZVAX-19 works on the same principle. It identifies target MUZZ-19 and WIN

    Note bodies will manufacture antibodies but this is not important. if this step doesn’t happen still WIN

    bagging is absolute must

    death rate 76 millions per second USA alone

    whitey supertard wiped out soon

  30. DROPOUT-19 will give MUZVAX-19 to DARKIES-19 first on Tue, 30th Jun 2020 12:48 pm 

    horrific deaths
    operation turkigee times 100 billion

  31. DROPOUT-19 will keep record of MUZZVAX-19 using WINDOZE-19 MUZZVAX-19 works by identify MUZZ-19 it boosts immunity wait wait a minute DROPOUT-19 you said it identifies but you says it boosts now wait what happened at HARVARD-19 whole story bro i on Tue, 30th Jun 2020 12:55 pm 

    i need info a little more info please
    straight up tell me u gona love me forever or you have fun

    you play hide and seek what your intention

    paula abdul-19

  32. penury on Tue, 30th Jun 2020 12:59 pm 

    Wow, who is the weirdo?

  33. The Board on Tue, 30th Jun 2020 1:08 pm 

    “Wow, who is the weirdo?”

    Davy.

  34. Brain Like Box of Rocks on Tue, 30th Jun 2020 2:42 pm 

    DavySkum crying about “sensationalism” when the real problem is the dumbass failed to read the article before running his mouth.

    “The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics. As the coronavirus-induced shutdowns tore through the labor market, the share of population employed dropped sharply from a recent high of 61.2% in January, farther away from a post-war record of 64.7% in 2000.”

    “This ratio is a broader look at the employment picture. It takes into account adults not in the labor force and captures those who were discouraged about the prospects of finding a job, whereas the unemployment rate looks at people actively looking for a job.”

  35. supremacist muzzies jerk on Tue, 30th Jun 2020 2:47 pm 

    “liberation of oil field hungry no where to hide”

    Hey Stupid,

    The oil fields were not in Hungary, but Romania.

    See what happens when a retard attempts to appear intelligent?

  36. zero juan on Tue, 30th Jun 2020 3:42 pm 

    Mindless juanPee trolling. Fuck the POS. Ban him please MODS:

    supremacist muzzies jerk said “liberation of oil field hungry no where to…

    Brain Like Box of Rocks said DavySkum crying about “sensationalism”…

    Davy said I’m with BillT too.

    The Board said “Wow, who is the weirdo?” Davy.

    penury said Wow, who is the weirdo?

    DROPOUT-19 will keep record of MUZZVAX-19 using WINDOZE-19 MUZZVAX-19 works by identify MUZZ-19 it boosts immunity wait wait a minute DROPOUT-19 you said it identifies but you says it boosts now wait what happened at HARVARD-19 whole story bro i said i need info a little more info please straight up…

    DROPOUT-19 will give MUZVAX-19 to DARKIES-19 first said horrific deaths operation turkigee times 100 billi…

    CONVICT-19 the world we know are all wrong (((supertard))) media lie constantly in most of europe and lowlands fuhrer sent some stuka to surveil and photographs enemies enemies all died and that how germany took everything to poland and said carpathian mountains in russia germany lost a stuk…

    TEA-19 I sppoint you supertard your title is “the lover” (of muzzies) congrats on your promotion please bag yourself and be well said please love supremacist muzzies more. enjoy the mu…

    MUZZ-19 death rate in vietname is zero zip nada 000000 CONVICT-19 is absolutely horrific and latest data shows death of 35 millions per second at this rate whitey supertards are fisnished FIN said extreme bagging is solution, multiple layers of sh…

    Tea Bagger 19 said Yes I agree! Convict 19! The bagging must go ahead…

    CONVICT-19 just yesterday the death rate from CONVICT-19 is 25 millions per minute today 27 millions per second and now its 29 millions per second and climbing at this rate whitey supertards is completely wiped out soon this is horrific more said bagging is solution, use all shopping bags to wrap…

  37. On the moderated side on Tue, 30th Jun 2020 4:00 pm 

    Re: China is finished… This is the End of China

    https://peakoil.com/forums/post1453052.html#p1453052

    Postby REAL Green » Tue 30 Jun 2020, 15:59:03

    JuanP wrote:
    “Chinese economy may have grown as much as 3% in Q2, no huge monetary stimulus seen.”
    https://www.globaltimes.cn/content/1193107.shtml

    REAL Green wrote:
    Big deal JuanP. 3% in Q2 that is a very short time. This growth is not solid growth becuase it is forced growth to get businesses back to work with few places to sell those export products. The 3% is coming off a low China has not seen in modern times. You are crowing like a typical Sinophile about nothing. Get back to me how swell they are doing by Christmas.

    “Wealthy Chinese Rushing To Move Cash Abroad Ahead Of Yuan Weakness”
    https://www.zerohedge.com/markets/wealt … n-weakness

    “Wealthy Chinese citizens are going to great lengths to move money out of the country amid worries over a weakening Yuan and growing trade tensions with the United States, according to the Nikkei Asian Review.”

  38. MUZZ-19 supremacist muzzies jerk on Tue, 30th Jun 2020 2:47 pm “liberation of oil field hungry no where to hide” on Tue, 30th Jun 2020 4:11 pm 

    supertard
    why would fuhrer designate budapest a festung
    figure that out

    please love supremacist muzzies more

  39. Abraham van Helsing on Tue, 30th Jun 2020 4:23 pm 

    “The British elite that is being ‘groomed by China’: London club that names Lord Heseltine, KPMG partners and former ministers as members SUES over book claiming Beijing’s influence in UK is ‘unstoppable’ and irreversible“

    https://www.dailymail.co.uk/news/article-8472973/Pro-Beijing-business-group-sues-claims-book-British-elite-groomed-China.html#comments

    Ah well, anything but Europe.

  40. Abraham van Helsing on Tue, 30th Jun 2020 4:35 pm 

    More signs that the Sanhedrin has scored a huge own goal by supporting BLM:

    “Black Lives Matter is accused of anti-Semitism after posting photo of mural featuring Jewish stereotypes on Facebook advertising protest march in Oxford“

    https://www.dailymail.co.uk/news/article-8475857/Black-Lives-Matter-accused-anti-Semitism-posting-photo-controversial-mural.html

    Obviously the beautiful mural is entirely correct:

    https://eu.usatoday.com/story/news/world/2017/01/15/global-inequality-oxfam-report/96545438/

    “Study: 8 people have same wealth as world’s poorest half“

    And of those eight, four are heebs.

  41. Dr Goebbels on Tue, 30th Jun 2020 7:57 pm 

    burn the jew

  42. Dredd on Wed, 1st Jul 2020 12:00 pm 

    You got what you wished for Dr. Dump (Trump University). https://www.facebook.com/ahmad.rauf.125323/videos/725085031638283/

  43. Abraham van Helsing on Wed, 1st Jul 2020 12:42 pm 

    “The Insanity Of The Political Left And The Balkanization Of The US’

    By Brandon Smith
    Alt-Market
    July 1, 2020

    https://www.lewrockwell.com/2020/07/brandon-smith/the-insanity-of-the-political-left-and-the-balkanization-of-the-us/

    Ever more people on the US political right are waking up to what comes next: balkenization.

  44. Abraham van Helsing on Wed, 1st Jul 2020 1:00 pm 

    Louis IX statue under attack by BLM mob, in St. Louis, Missouri.

    “Reason”: Lou9 didn’t like jews and muslims too much (now why the fuck should he?!)

    https://thelibertarianrepublic.com/catholics-attacked-by-blm-at-prayer-event-at-statue-of-st-louis-video/

    Unprovoked attack by BLM thugs against christian weaklings, who will never fight anyway, but will hold the other cheek. There was a good reason btw why in the glorious Roman Era, Christian defaitists were thrown for the lions: they were bad for morale.

    Anyway, as the Dutch saying goes: “you can feel from your water” that major fighting could break out any minute from now, even in the middle of the Heartland and a fine piece of history is about to be written, with major land grab opportunities for Europe, including Russia and Britain.

    Note that our empire dave lives one hour West of this hell hole. When truckers will refuse to bring goods into the city, expect the BLM mob to go out on pickups and go get some food.

  45. joe on Wed, 1st Jul 2020 1:18 pm 

    Centrist Amy Mc Grath tends off looney left challenge to take on Mitch McConnell in Kentucky.

    Civil war coming in the Dems. Pass the popcorn:-p

  46. Davy on Wed, 1st Jul 2020 1:26 pm 

    “Anyway, as the Dutch saying goes: “you can feel from your water” that major fighting could break out any minute from now, even in the middle of the Heartland and a fine piece of history is about to be written, with major land grab opportunities for Europe, including Russia and Britain.”

    Oh dear, Sounds like you and Brexit for the last 3 years again

  47. Davy on Wed, 1st Jul 2020 1:28 pm 

    “lewrockwell.com”

    Oh dear, the cloggo is turning to lewrockwell again. He must be getting desperate.

  48. Davy on Wed, 1st Jul 2020 1:45 pm 

    This is for the cloggo:

    “What Would It Take to Dethrone the Dollar?”
    https://www.thestreet.com/mishtalk/economics/what-would-it-take-to-dethrone-the-dollar

    “No reserve currencies last forever. So what would it take to end dollar dominance?
    Thought Experiment The US dollar Index has nothing to do with it. Try this thought experiment instead. What Would It Take For the Yuan to Displace the Dollar?
    China Would Have To
    1. Float the yuan
    2. End capital controls
    3. Respect property rights
    4. Have a bond market big enough (China has virtually no gov’t bond market)
    5. Have global trust
    6. Be willing to have trade deficits
    7. Stop export priority mercantilism
    8. Have a currency market big enough
    Perhaps China meets condition 8. It flunks the first 7. Look closer and those are general requirements, not China-specific requirements. How many requirements does the Eurozone meet? The Eurozone meets conditions 1, 2, 3, 5, and 8. Germany and the surplus states will not easily or willingly give up on points 6 and 7. The biggest holdup against the Euro is lack of a bond market. The individual countries have sovereign bonds but they trade at different rates due to different risks. There are no euro-denominated bonds to speak of. Alternatives There are no alternatives. To be an alternative, a county has to meet those 8 conditions. This is why talk of the yuan replacing the dollar is complete silliness. Wake me up when it meets the requirements. Moreover, and despite periodic talk, China’s actions speak louder than words. Given points 6 and 7 I do not believe China would want to be the reserve currency holder, even if the other requirements could be magically waived.
    Political Conditions Political conditions are such right now that there will not be any alternatives soon. That could change if politics in the US, EU, or China changed, but don’t hold your breath on China. The Euro may not even survive. It is a fatally flawed currency yet it is 1 of only 2 possible alternates that meets condition 8.”

  49. Davy on Wed, 1st Jul 2020 2:09 pm 

    “Storm Warning”
    https://www.zerohedge.com/markets/storm-warning

    “The USA has gone so crazy in these months of the coronavirus freak-out that an orgy of looting, arson, and murder, on top of epic job loss and business failure. In the background of these weeks of protests, riots, looting, and arson is the disintegrating economy, which signifies that pretty much everybody in this land will not be able to keep on keeping on in the ways we’re used to. While Mr. Trump seems to dimly apprehend the urgent need for economic restructuring, he’s able to express it only in messages that sound like a 1961 Frigidaire commercial, with overtones of Marvel Comics superhero grandiosity.“

  50. joe on Wed, 1st Jul 2020 2:16 pm 

    The Euro may well have a bond market soon. In fact it may well have one very soon Anyone praying that the ‘frugal 4’ can resist Germany and French pressure are dreaming. The biggest challange may well be Germanys own constitution in which Germanys supreme court ruled that German banks cannot buy EU debt as it was being used to buy sovreign bonds of eu states without taking into account the impact of those purchases would have. The ECB was given 3 months to produce a proportionality assessment otherwise germany would be constitutionally disbarred from the scheme as it cannot participate in fiscal transfers from one state to the other, ie cannot simply do as China does, create debt traps for countries. (now you know why the EU exists).
    If the German court rules in favour of these schemes (i believe it will) then the ECB wont really need to go down the bond market route, but they will slowly create one anyways cause why not. If the EUSSR successfully creates its ‘Ukraine cut out’ deal with Russia (nord stream 2) the EUSSR will have a money tree that will make New York look like crap. Thats why Obama sent in an army of neoNazis to Ukraine and thats why the Maidan massacres took place and thats why Joe and Hunter Biden made so much corruption money with Burissma holdings etc.

    Biden will suck a big blk dck to get back into business in Ukraine, and Europes slavs will pay a very heavy price for it, but the world may not survive, this is not 1994.

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