Of Two Minds

The core dynamic is ultimately the loss of social cohesion within the ruling elites and in the social order at large. There’s a definite feeling to the euphoria that the world didn’t end on November 3. And what better way to celebrate the victory of what passes for normalcy with a manic stock market rally?

We’re Number One in wealth, income and power inequality, yea for the Fed and the Empire! If we avert our eyes from the electoral battle on the blood-soaked sand of the Coliseum and look behind the screen, we find the powers that matter are not elected: are owned by a few big banks Federal Reserve, run by a handful of technocrats, and the immense National Security State, a.k.a. the Permanent Government.

Regardless of who holds the office, America’s Imperial Project and its Imperial Presidency are due for a grand reckoning. While elections and party politics generate the emotions and headlines, the truly consequential change in American governance has been the ascendancy of the Imperial Presidency over the past 75 years, since the end of World War II.

Wake up, America, and see the Fed for what it really is: a totalitarian tool of kleptocracy. You know what happens when fire suppression policies limit forest fires: deadwood piles up and all the trees killed by bark beetles are awaiting a spark to ignite.

This “capitalism” is only attractive to parasites, predators, kleptocrats, legalized looters, embezzlers, fraudsters and all those insiders whose palms get greased along the way.

What the political class and the Financial Nobility don’t yet grasp is that ALICE will never go back to her insecure, low-wage job, ever. Meet ALICE: Asset Limited, Income Constrained, Employed, at least she was employed until the pandemic presented impossible choices between taking care of her children and their education, and her aging parents, and keeping her demanding, low-wage job.