Is the US a Headless Horseman?
The Gothic prospect of revisiting Europe's corrosive wars, unarmed
The US Congress is reduced to a roiling cauldron of commercial interests - with no declared mandate - nor an effective head of state. The country is a headless horseman with corrupt regents controlling the treasury. This was convenient in a fiat economy, but becomes dangerous at closing time, when IOU’s must be settled - and the old war bills come due.
An insidious secret pact between corrupt senators of either party made deficit budgets admissible, accepted as the ‘new Keynesian economics’. The Left get deficidal social programs, the Right get deficidal Pentagon trillions, with room for all players. Every congressman becomes a full subsidiary of one or more donor corporations.
How should our species and planet adapt to the fact that there is no true leadership available - that we are dealing with a witches’ brew that, at best, is mindless and may create some nuclear or biological monster?
Until Gov. Ron DeSantis is elected President next year - while President Biden places Ukraine on a pension, when homeless veterans line US cities - some swingman has to become a stand-in for Gov. DeSantis, who thenceforth can be trusted with the reins.
The expert is Col. Douglas MacGregor, who understands the issues from all sides, within historical and ethnic context. His comprehensive perspective is invaluable for anyone concerned in this theatre.
The US debt is now >$30Trillion and the annual cost is at least $1T at a 5% rate. The kernel of the collapse, however, is not a rate differential of a few percent in the inflation rate. It is the fact that the US dollar is no longer holding the rest of the world hostage, with its former ‘reserve currency’ status soon a negative. Offshore banks are retrieving their gold holdings from US depots.
Beyond inflation the USD is buying less and less, faster than inflation can be blamed for. Some analysts estimate that many western currencies will devalue by ~50% against emerging alternatives with commodity backing, or indestructible surety like ETH. The USD has to face its crippling deficit knowing that it has neglected infrastructure funding for a generation.
These are inexorable burdens, but simply being debt free will get you a seat at the table. For a wholesale solution to the US and World’s governance woes, see
The two immediate threats to the US dollar are:
the BRICS stable coin, to be based on commodities held in Brazil, Russia, India, China, Saudis et al.
Ethereum both as a currency and as a blockchain OS alternative to middlemen and legislative gatekeepers.
Unless the DNC can find a golden boy like Clinton or Carter as a candidate to dismount DeSantis, the world must hope that America does finds a wise Putin to navigate an honorable, not warring way through bankruptcy.
The music of printing money for zombie companies has stopped. Perhaps sports gambling will help pass the time, until the butcher’s T-bills are presented?