If You’re SURE You Want To Know What’s Next…

Seen in a Glass, Darkly…

Nobody seems willing to tell what’s coming with an election close so here’s the currently unmentionable reality, summed up for you:

1. In January, Congress will hasten toward the real world, tackling America’s impossible financial position by starting to reduce deficits. This requires less spending and more tax collections. If the Dems are on top, taxes will grow more; if it’s the GOP, spending will shrink more. Either way, both will take hits. Or more honestly, the taxpayers will.

2. Dem policy will accelerate shrinkage of domestic industry and the U.S. living standard by both regulation and reduction of the use of energy. The GOP will proceed more slowly in those and will try to maintain higher levels of military spending than the Dems.

3. These will create an undeniable leak in the Fed funny-money balloon that has kept the ship of state half-afloat; the onset of even mild retrenchment will bring all the financial skeletons out of their closets and unspinnable depression will be evident, complete with riots, armed troops in the streets and whatever replaces 1930’s soup kitchens, currently the job of food stamps. Enormous amounts of personal wealth will vanish with a lot of banks, in a matter of days.

4. The desolation will be world-wide, though varying from place to place. Governments will seek to distract with bloody conflicts; the old Czarist pogroms will revive in many places and with more than just Jews as targets, though Jews will not be neglected.

5.   Politicians will offer increased governmental power as the road to better order, though the most successful of these is unlikely to be an Austrian ex house painter.

6. With U.S. national debt at some $675,000 per family and rising, it seems likely to require a couple of decades to return to a path of real progress. Or more…

Those are things nobody’s telling right now. Enjoy the ‘recovery’ they’re telling of instead, while you can. And note that the guys who’ve done this to us, are the ones we’ve picked.

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much) Couple of degrees in government, a few medals in figure skating; just reading and suspicion for economics ...
This entry was posted in Bank Failure, Class Warfare, Debt, Domestic Policy, Fiscal/Financial Responsibility, Inflation, Overspending, War and tagged , , , . Bookmark the permalink.

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