Of Two Minds

All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude. There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat.

Here’s looking at you, Federal Reserve–thanks for perfecting ‘legalized looting’ and neofeudalism in America. The problem with pushing a pendulum to its maximum extreme on one end is that it will swing back to the other extreme minus a tiny bit of friction.

One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve’s one-size-fits-all “solution” to every spot of bother: print another trillion dollars and give it to rapacious financiers and corporations. Though 2020 is widely perceived as “the worst year ever,” it was only a snack.

When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. A great many people are living in bubbles that are about to pop.

So party on, because “the worst year ever” is ending and the rebound of financial markets, already the greatest in recorded history, will only become more fabulous. Of the lavish banquet of absurdities laid out in 2020, one of the most delectable is Time magazine’s December 14 cover declaring that 2020 was the “worst year ever.”

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point of view of evolution, the most hopeful scenario for 2021 is the sudden and complete collapse of everything that is obsolete, inefficient, ineffective and sclerotic.