The trouble, of course, is that even after the Deep State (a.k.a. ‘The Swamp’) succeeds in quicksanding President Trump, America will be left with itself – adrift among the cypress stumps, drained of purpose, spirit, hope, credibility, and, worst of all, a collective grasp on reality, lost in the fog of collapse.
Here’s what you need to know about what’s going on and where we’re headed.
The United States is comprehensively bankrupt. The government is broke and the citizenry is trapped under inescapable debt burdens. We are never again going to generate the kinds and volumes of ‘growth’ associated with techno-industrial expansion. That growth came out of energy flows, mainly fossil fuels, that paid for themselves and furnished a surplus for doing other useful things. It’s over. Shale oil, for instance, doesn’t pay for itself and the companies engaged in it will eventually run out of accounting hocus-pocus for pretending that it does, and they will go out of business.
The self-evident absence of growth means the end of borrowing money at all levels.
This post was published at Wall Street Examiner on August 7, 2017.
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