By popular demand!
We’re going to take today off. It’s Labor Day (in the US), after all.
But if our ‘Primary Trend’ picture is clear…Western consensual democracies are becoming less and less consensual.
The model — take from young, growing, prosperous generations…give to old voters — is becoming less attractive. Because younger generations are smaller than they used to be. And less prosperous.
And the Empire is so larded with the burdens of the past — programs that never worked… wars that couldn’t be won… transfer payments to parasites and shysters — there is little energy or money left for the future. Already, the US public debt is more than America’s entire annual output…and combined with private debt, it is nearly four times GDP.
The voters are fed up. They turn away from the centre…towards the extremes. Bloomberg:
‘Populists Surge in Germany’s Regional Votes, Humbling Scholz
‘Far-right AfD on course to win regional ballot for first time
‘Chancellor Olaf Scholz’s ruling coalition was punished in two regional elections in eastern Germany on Sunday, with populist parties on the extreme right and left taking more than 60% of the vote in Thuringia and almost half in Saxony.
‘The Alternative for Germany is on course for a clear victory in Thuringia on 32.8%, according to projections for public broadcaster ARD. It represents the first triumph for a far-right party in a German state ballot since World War II, even if it’s highly unlikely to be able to form a government as it’s shunned by the other parties represented in parliament.’
The feds, desperate to hold onto power, clamp down. Free speech is banned. Critics are silenced. Political candidates are selected — not in the rough and tumble of real democracy — but by party insiders.
The only way to keep the money flowing to key elites and the voters is to inflate the currency. And the only thing that will keep the public on board with the program is war. Nothing aligns the antediluvian passions of The People and the venal self-interests of the elite better than war. It marshals together the resources of the nation…and the emotions of the masses…for a great cause — national security…even national survival.
Anyone who resists can be branded a traitor. In the old days, he might have had his nose cut off. Today, they may cut off his credit card.
But it’s Labor Day. No need to worry about the future now. So, we will wait ‘til tomorrow to do our heavy fretting.
As always… more to come.
Regards,
 |
Bill Bonner,
For Fat Tail Daily
