Anthem liquidating trust
This mighty debt-load, never before seen in history, and the accounting fraud that enables it, has helped produce all kinds of distortions, perversities, and fragilities in our money system (finance and banking) which can easily slip into collapse if a crucial prop fails here or there, and that is exactly what I think will happen under Trump.
It will not be his fault, but he’ll get blamed for it.
It may be fatuous to say whether that is a good or bad thing; it just , for the moment.
They are two halves of a polity so broken and so far apart that it is also hard to see how they might ever come back together into a consensus about how a society might operate successfully.
As I’ve said before, our economic picture is basically untenable due to the falling energy-return-on-investment of the crucial oil supply (shout-out to Steve St. At the high point of 1920s oil production the ratio was around 100-1. Oddly the way it’s actually working out is that America is simply shedding its whole middle class and all its accustomed habits and luxuries. Trump’s call for restoring the factory economy of 1962 is a low-percentage prospect.
Instead, he’ll be saddled with the collateral damage caused by the dishonest effort of his recent predecessors to borrow from the future to pay for the way we live now — that is, racking up debt.
The Trump Right also enjoys the writhings and sufferings of its adversaries, squashed bug style, as it goes forth in the quixotic battle to bring back 1962 at all costs.
Both the Left and the right show not a little sadism in their methods.
Sometimes, though, down-and-out businesses stay that way, or manage to fall even further.
I guess you’ve noticed by now that the center didn’t hold.
Instead of a secure platform for political premises like tradition, precedent, rationality, and cultural norms, you see a fiery maw of sheer emotion between the camps of the so-called Left and the so-called Right.
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James Howard Kunstler is the author of many books including (non-fiction) The Geography of Nowhere, The City in Mind: Notes on the Urban Condition, Home from Nowhere, The Long Emergency, and Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation.