Wednesday, November 7, 2012

JFK Rolls Over In His Grave

"Ask not what you country can do for you, ask what you can do for your country" has metastasized into Ask not what you can do for your country, ask what your country can do for you. The status quo won last night.  Nothing will be fixed.  Nothing will change except for the worse.  A new debt ceiling vote will still come up in December.  The fiscal cliff is still there. Sequestration and massive layoff still loom.

Europe is still a disaster tettering on the edge of a collapse that can push the whole world into a depression where the only survivors will be the politicians and the bankers and those few who prepared for the inevitable. The Middle East is still a powder keg awaiting a Franz Ferdinand moment that will drive oil prices through the roof and crush the none existent recovery into dust.  Even absent some dramatic event what is already a bad situation will continue to deteriorate.  There is no plan to address the massive unfunded liabilities of endless entitlements and interest on the debt.  There is no plan to deal with state and local governments going bankrupt left and right.  There is no plan to deal with an entire world drowning in debt.  The only solutions are so-called leaders propose is piles of new debt and austerity to pretend we are paying off the old piles of debt. These non-solutions will only crush the human spirit and the rob from generations unborn so that politicians and bankers can survive to propose more useless solutions.

The winter of the fourth turning is upon us. No thanks to government mis-education the vast majority both left and right can't see it. The 80 year cycle is about to reach its nadir and there is no guarantee that what will arise from it will be good.

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