Breadlines In Our Future

All the “fiscal conservatives” in government these days seem to be quite perfectly content with deficit financing wars-without-end. If their economic theories are right, their policies can only lead to economic disaster. Do they not believe their own theories? Are they closet Keynesians? WTF?

At some point—tomorrow, 5 years from now, 10 years from now, in 6 months, whenever—the Chinese government may well decide that it cannot continue to park so much capital with the US treasury; it may decide that those hundreds of billions of dollars are needed back home or that some other opportunity makes more economic sense for the People's Republic. When that day arrives, the whole house of cards that is the U.S. economy comes crashing down.

The criminals who run this country have to know that they are operating on borrowed time. What are they thinking? It is truly difficult to imagine. Perhaps they are hoping that, if they amass enough wealth in the short term, they’ll be able to buy their way out of anything when the proverbial shite hits the fan. Or, perhaps, more likely, they're just not thinking at all.

I see breadlines in our future: from the District of Columbia all the way to Beijing.