by Shelt Garner
I’ve been reluctant to write about all of this because I don’t really know a lot about it, but from what I do know….we all need to sit up and take notice. Two events are beginning to bubble up to the surface — one in China, the other here in the good old USA.
So, from what I understand it there’s a huge fucking company in China called Evergrande that has defaulted on a massive amount of loans. Something like $US800 Million. The fear is, of course, that this will cause a massive shockwave throughout the global economy.
Meanwhile, because of fucking MoscowMitch in the United States, there’s a real possibility that we’re going to fail to raise the debt ceiling and we’re going to default on our own payments. (Or something — I’m kind of fuzzy on the specifics of what exactly would happen.)
But the point is — this could all be the set up for a one-two punch against the global economy, already weakened by COVID19. For once, I’m not going to assume the absolute worst will happen.
I do think, however, that at the moment, at least, Republicans are prepared to crash the global economy to “own the libs.” Such a catastrophe would be a setup for a MAGA landslide in fall 2022 and then, fuck you lib, we’ll win 2024 and finally turn the United States into the autocracy we’ve all assumed it would become.
But, I just don’t know. This is really a very dark scenario. And we all know that nothing bad has ever happened to a country because of a depression. Lulz! I wish we skip the potentially scary part and go straight to where we have Truth & Reconciliation Trials in, say, Mobile, Alabama.
All know is, there is the POTENTAL for a massive, stunning self-induced economic clusterfuck this fall.