Of Two Minds

Choose wisely, America, or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon. From the point of view of evolution, the most hopeful scenario for 2021 is the sudden and complete collapse of everything that is obsolete, inefficient, ineffective and sclerotic.

We think we’re powerless because we don’t have wealth and power over others, but nothing could be further from the truth. To have agency is to have power over your own life and control of your assets, options and resources.

What happens when America finally admits its middle class is a phantom of feel-good fantasy? We may well find out in the next four years. Of the many things we cannot bring ourselves to admit, one of the most consequential is that our vaunted middle class is illusory, a phantom of our imagination rather than a reality.

The profit-maximizing Big Tech / Big Media Totalitarian regime hasn’t just strangled free speech and civil liberties; it’s also strangled democracy. The U.S. has entered an extremely dangerous time, and the danger has nothing to do with the Covid virus.

Extremes get more extreme until risk breaks out; then the reversal will be as extreme as the bubble expansion. What would happen if the Federal Reserve ceased to exist?

This devaluation of financial wealth–and its transformation to a dangerous liability– will reach extremes equal to the current extremes of wealth-income inequality. Financial capital–money–is the Ring that rules them all. But could this power fall from grace?