First of several such posts this week.
I keep an eye on my enemies, one of them is Libertarian Karl Denninger. He has made his 2021 Prediction Post. I'll start with my thoughts on that, then do two of my own: one political/economic, one sports.
- Inflation will not calm down, but will not go hyperinflation. I think he's wrong on the back end, unless he somehow thinks The Purge will begin in 2022. To give one example of how bad it is already: A $954 SSI check last year will be $1,041 this year.
- Democrats will be obliterated in the midterms, so bad that, by 2024 elections, the House will be 280-150 Republican. Frankly, about the only difference, vis-a-vis that, would be the complete outlawing of the Democratic Party, which I see by early 2025. The fact is, the only question to me, regarding the 2022 House elections, is whether the R's get it by 30 seats or closer to 75. I do believe the concept that Biden, as a going concern, IS DONE, is correct -- and he addresses it in another point below.
- Actual Fed liquidity drains. Thing is: You lose the Fed, you lose the currency, you lose the country. Now, starting what I believe to be a very short mortality, you could see Biden-Harris let it happen, let the country go to a smoldering crater, and tell The Revenge Tour, etc. to govern THAT.
- USSC won't completely overturn Roe, and no one will be pleased with the decision. I think he couldn't be more wrong if he tried. The five true Conservatives on the Court now have an opportunity to shape the post-Constitutional era of this country, and this decision will do so. That we already see the bounty law in Texas upheld basically means Roe is being overturned. (A great part of this belief is that I believe it obliterates "standing" in a way only the likes of California Governor Gavin Newsom gets.) I believe Barrett writes the decision, and will do some very nasty things with that decision. Roe will be overturned in all 50 states, women will be legitimate-purposed into the same Stepford Wife blank glance that robot bitch has, and anyone who decides not to act within their legitimate purpose has no rights. I still wonder how she is allowed, by her husband, to stand on her own two feet and not be led into the Court by said husband on all fours.
- Equity market extremely vulnerable. Unless you can somehow force actual price discovery (at whatever value the Dollar has), I can't see this. If the last two years haven't felled this market -- not just weakened, FELLED -- I'm not sure what can, short of the complete disintegration of this country.
- No short-term supply-chain relief. Nor do I think there will any long-term supply-chain relief. And, given what I believe is going to happen in the next 3-4 years, it will no longer be relevant.
- Business is going to get it both cost and labor productivity. I, every day, am, more and more, believing the Deagle Group's prediction of a 70% die-off in the next four years. So I'm not sure of the relevance of this either. I do believe many more businesses will be simply wiped from the map, simply because the infrastructure required to keep them afloat will not exist.
- Cities are in particular trouble. First problem is that most people shouldn't be coming in the first place -- between crime and COVID, the LA sheriff had it right that LA is all but a no-go at this point. Denninger basically forecasts most of the cities to collapse by summer, Detroit-style. He gets that, it won't matter much of anything else on this list, simply because of the fact this country will go tribal and Balkanize, probably about 50 miles on a side, tout suite.
- China/Taiwan or Ukraine go up. The problems for us will be at home, especially with the Second American Civil War over 18 months in progress now.
- Maxwell's trial will not be the end of it. Probably not, but not for the reason he hopes. Eventually, it will be shown that being a rapist and/or a pedophile is the "in" to get into the "club you are not a member of" -- and how important it is to be in that club (see "legitimate purpose" above) and to stay in it once you are in it (see the college admission scandals). We've already had two rapist pedophile Presidents in the last 30 years -- one in each party. (If you are so inclined, Biden would make three.) But my position on this is the same it's always been: The reason it is tolerated and accepted is that NOTHING survives if it is taken down. Entertainment, sports, politics, business, etc. etc. etc. etc. etc.
- Biden will be removed from office in 2022. I'll tell you how bad I think it gets. I think some people might want to get acquainted with the name Antony Blinken. He is the current US Secretary of State. He is currently fourth in line. Harris and Pelosi are almost toxic, and I cannot see either surviving long as President, and President Pro-Tem of the Senate Pat Leahy wants out. I won't put it likely, but I could see a President Blinken next year. I never believed Biden was long for the office -- and the only reason he's still President is because of the mathematical impossibility in the Senate. Remove Harris, you get no further VP.
- Business uncertainty lifts in the back half of the year. I don't see it. Here's what I think would have to happen to get that: Manchin flips the Senate about as soon as it comes back in January. (I get those who believe he wants to retain his position of power, but the problem is two-fold: 1) He will lose that power in a year. 2) He could easily be seen as an enemy from BOTH SIDES at that point.) The House R's find the five votes to flip the House, name Trump Speaker, and force Biden out and try to get Harris out by any means possible. Otherwise, between turmoil, COVID, and political realities, the uncertainty is going to get worse. (See the third point above.)
- Housing Bubble Is Done. For about 15 different reasons, I completely agree, and it's another reason I do not believe any business uncertainty lifts anytime soon. People tend to forget how many businesses are reliant on house-as-ATM. It's one of the reasons people are beginning to make a lot of an "industry" out of robbing other people, either off their porches, through their mail, etc.
- The medical industry is in for it, both credibility and cost. If who I believe is about to come to power actually does, the medical industry is done about seven ways from Tuesday -- and the party in power won't have an issue with it, because they openly have wanted a die-off. "Let THEM die..." is going to be one of the new mantras. About 90-100 years ago, there were posters in cities stating openly that "Some people are born just to be a burden on everyone else." You are about to see the back side of that.
- The concept of the credibility of some "top schools" will fall and some of them may not survive it. He's talking more the $50,000/year and all that stuff -- and he's right, if but only if Biden writes off all student loans. I think a lot of the problem is going to come from what Denninger admits: It's more about getting the "in" -- and he's right. Since your legitimate purpose in this society is determined not by what you do or who you harm but who you are (and, sometimes more importantly, who you are NOT), the question is going to become whether the current system of gaining such purpose and influence survives -- and that's both the likes of "top schools" and of the likes of the Epstein/Maxwell method.
- Trump is done, and so are those who cling to him. Denninger thinks, at least as of the moment, it's going to be Florida Gov. DeSantis. Trump has done some damage to his brand by stating he got the vaccine. The fact is, the 30% or so who want this guy WANT. BLOOD. And they want to control whose blood gets spilled -- which is one of the reasons they can't be crazy about the realities of the COVID situation. I think Denninger is flat wrong -- but with one very important caveat. Someone "in high places" is going to ask him whether he is willing to go through with what his 30% want, or he might well be about the fourth (behind Biden, Harris, and AOC) to be hung at gallows in Washington DC when the violent flip occurs.
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