... There is hardly anything as catastrophic to society as the giant fraud of a government stealing its subjects’ earned wealth in order to paper over the vast crater landscape of two generations’-worth of the rulers’ own corruption and incompetence. But when this comes in tandem with the government’s stealing also the social capital of its subjects via dysfunctional immigration and the coddling of hostile and criminal minorities, then the destruction is for the ages: the sack of Nineveh, of Rome, of Washington.
The strongest, most admired country in the world until just a few years ago is now a cautionary tale of the wages of sin and stupidity told to Chinese schoolchildren.
A nation that works for a living can weather perhaps even such great storms. But the jobs of the American lower class have been outsourced to imported Mexicans. The jobs of the American middle class have been exported to China and India. The jobs of the American upper-middle class have been taken from the white males who held them by merit, and given to resentful identity groups that hold them by the fiat of the government’s preferred skin colors and favored genitalia. And the jobs of the American upper class have been reprogrammed from leadership and service, to ripping off the less clever via lawyering, banksterism, and padding one’s golden CEO parachute, and then expiation via funding and leading socialist NGOs.
A freefalling dollar cannot help by increasing exports, when you have off-shored your manufacturing, and your main industries are predatory lawsuits, selling shoddy American housing to Salvadorians with faked mortgages, and marketing financial weapons of mass destruction worldwide. And a falling dollar is not a good inducement for the world to keep buying dollar-denominated U.S. debt. The cessation of that buying has such dire consequences to the United States that Chinese strategists have named them “the nuclear option.” ...
Read it all here.
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