I used to half joke, 2008-2014, we should take the bankers and their cronies out to the Marianas trench and make a deposit on a better future.
The other half of that, I usually said, if we don’t hold them accountable for this credit bubble, the next one will be 10xz worse.
Instead, the government and the Federal Reserve bailed out the banks, Obama gave the bankers the keys to the kingdom, and the Federal Reserve decided to print $5 trillion out of the ether, to hand to big banks and institutional investors to buy up the wreckage of the credit bubble with 2010-2014. Billionaires basically doubled in wealth and number. It was the greatest transfer of wealth up the social pyramid in the history of the world.
Then in the Fall of 2019, a most curious coincidence took place, the banks started to teeter like they were founded on sand, so instead of the $80bil per month the Fed handed the big banks during QE, they started giving them $120bil per month, quietly; at the same time, so very quietly, a manufactured coronavirus started circulating. What are the odds?!
It’s hard to say when the woke and trans shift happened. One day it was not really a thing, then all of a sudden it was the only thing, bigotracist. I think it was right around the time Brandon was foisted upon us, and the jabs, in early 2021 (though it was a long time in coming.)
Did I say the next bubble would be ten times worse? This time they printed something well north of $10 trillion in a year and a half, instead of four years. And they gave us covid, trans, woke, gov and media authoritarianism. Build back better. Great Reset, don’t you know. Great lockdown, more like. Transparency is now you and I transparent to the government.
So here I am again. The last three years was the greatest transfer of wealth up the social pyramid in the history of the world, dwarfing the 2008 credit collapse. Billionaires have sprouted like mushrooms after a rain; at least four of the Republican presidential candidates are billionaires. This bubble, with covid, with woke, with trans, with gov and media authoritarianism, is 10,000xz worse than the last bubble, not 10xz.
Where is the talk of real accountability? Ha Ha. Like someone was held accountable for East Palestine? Like anyone is being held accountable for Lahaina. Anyone remember Fukushima? (yeah, that is Japan not America, but it is all of a piece.) There is so little accountability out there, the experts have so little regard for accountability, they don’t even bother with a scapegoat anymore. No matter how bad the experts screw things up, no matter how many people are harmed and killed, the experts keep exper-ting like they rule the world and can’t be questioned.
It was not quite ten years between the tech bubble of 1999-2000 and the global credit bubble of 2008, which turned into the Great Recession of 2008-2014 roughly. 2020 was less than ten years after the “end” of the Great Recession. I think we won’t have to wait very long at all to see the next bubble response is going to be 100,000xz worse than covid/woke/trans. I imagine that looks something like a CBDC administered by woke trannies, gas at about 12-15+$gal, it will be illegal to question gov, corp, bank or official experts, economic cancellation aka death for wrongthink, pandemic etc gulags, children removed from their unvaxxed/otherwise troublesome parents and turned trans?
California is said to be a bellwether for the rest of the country. The government there is legalizing the government and NGO’s kidnapping your kid, then sterilizing and disfiguring them, in the name of trans ideology and “keeping them safe” - but really it is just the natural progression of a government that has zero accountability, it’s authoritarian impulse utterly unchecked, with power never before seen at their proverbial fingertips, with a predilection for corrupting children. The real point is to sexualize childhood and legalize pederasty. The governor of California is the presumptive fallback, should Brandon not make it to the 2024 election (even the empire is beginning to question the wisdom of propping up Brandon like a mannequin.) Gavin Newsome reeks of no limits to his authoritarian impulse. The whole bloody authoritarian leviathan that is the empire, is aligning against Trump, to install whoever is the Dem nominee. Newsome as president would be like a neoliberal, woke, trans, eugenicist, pederast emperor. Do I overstate it? Democrats would let the likes of Chairman Mao be installed before they let Trump win again - which they would still call democracy.
But this is not a commie takeover as much as it is nominal Marxist, professional functionaries and street muscle wokesters, too dumb to know they are being used by fascists. Useful idiots, as it were, to install a new aristocracy of globalist control freaks bent on reducing global population by enough to extend the use of fossil fuels for centuries.
I would prefer we put an end to this long national nightmare, hold some major players accountable, with prejudice, send a message to the experts, the American People are claiming their birthright. But we seem a divided and conquered people, cowed, not capable of coming together, utterly beholden to corporate and gov in most things, and otherwise pretending like if we just lay low things will turn back to normal.
Cassandra is like a metaphor for those few of us who have the long view. Obviously the ravings of such as I cannot be taken as Truth. I am one subscriber away from 500 here on Substack, which I am thrilled about, but under no illusion you and I are going to change the path of America. I had more readers generally, when I was Admin at the Doomstead Diner in 2010, and it didn’t change much of anything about the course of America. Though I have faith in my readers enough, take this information and do what you feel is right. It is merely a picture of where the elite would take us. It does not have to be that way. They might succeed in nothing more than destroying the American empire, which could be like a rebirth for America.
Embrace our birthright, America.
Hi William.
A lot of conservatives hate me for my "cowardice" and "negativity" but I think we should quit worrying about elections and saving what remains of this country. (This horse doesn't need carrots or sticks but a burial.) We can't save America but may be able to save our families/communities/churches if we focus our energy where it matters to plan accordingly.
Hello William,
So cheerful. I agree. It's all about the money. The rich always want more. Our culture has proved inadequate to address this. Even the asshole who campaigned on hope and change rolled over in short order, proving for all time that he was just another liar.
Is the solution to abandon banks all together?