Brace for something.

A debt crisis is on the way. Something big and stupid (in the words of the brilliant analyst Stephanie Pomboy) is coming from policymakers to address the issue. But the solution won’t be a policy and it won’t be a plan. A crisis will just happen almost overnight and seem to come from nowhere.

But it will come.^<1>

If this crisis arrives, as I think it will, we for sure won’t know ahead of time what its specific terms, conditions, exceptions, discounts, rebates, disclaimers, and provisions for exclusive arbitration in Pakistan will be.  Whatever form it takes you can be sure that no one with congressional or executive authority greater than that of the House sergeant at arms or a GS-13 Deputy Rose Garden Weed Control Specialist will have thought for one second whether the course we’re on is rational, sustainable, minimally honest, or simply a gross betrayal of the Constitution and the American people. 

Racking up trillions in debt to make defense contractors, pharmaceutical companies, and Ukrainian civil servants comfortable financially doesn’t seem to bother our elected “representatives.”  They are representative in the same way that the Sphinx cares about people in Nebraska and Alabama. 

The thought of what fundamental economic (or civilizational) sanity would look like free of atrocious propaganda and wall-to-wall betrayal never crosses their minds.  As a consequence, you see national economic, fiscal, and monetary affairs treated as though they are under the direct supervision of a crack addict. 

That, friends, is state-of-the-art political leadership in this declining nation once devoted to the success of a truly grand experiment in self-government. 

Now the piss ants pulling the levers and purchasing their jets and beach properties have the foresight of a Chihuahua and the morals of a Soros prosecutor. To them the Constitution is indeed a “living Constitution” but they think of its being alive only in the sense of “alive with opportunities for totalitarian/plutocratic excess.”

Notes.
^<1> “Something “Big & Stupid” Is Coming…”  By James Rickards, ZeroHedge, 10/4/23 (emphasis removed).