“As I alluded to in yesterday’s disquisition, our society has been turned completely upside down, first with the continuing mass-psychosis of the General Tso’s Sickness and then the ensuing economic immiseration.

We’re heading for a crash that is going to make 1929 look like a blip, and even the lowest of the low-information crowd can sense it if not see it. It is a tragedy of the human condition, and really the American experience that we react to things when the wolf is at our throat.

What we’re going through now is not merely the swinging of the political pendulum every two to four years. With 2020, the pendulum has sheared off the bolts and flung off into space. Meh, I don’t think even that is the correct metaphor, considering the illusion of the two-party system since the end of the Second World War. That was exposed by the election of Donald Trump in 2016 and specifically the reaction to that from all quarters that ultimately resulted in what happened in 2020.”

The Morning Report