The Day Of Wreckoning

We can always thank Jimmy Kunstler for giving us a glimpse into the incontinent mind of the Trumptopian geezer. His works of historical fiction always contain just enough veracity to be a danger to both himself and his legacy reputation. We are considerately spared the inconvenience of refuting the facts, since there are never any to refute. Opinion and storytelling can fortunately never be fact checked.

It turns out that the crash hasn't even gotten to the fun part, yet he is already fully prepared to blame the radical left for the outcome. Using the 1930s analog as the basis of his historical fiction, he casts Eleanor Roosevelt in the place of FDR. Because every woman hater knows that she would have been far less competent than her husband. But that is where the fiction diverges from reality. Because it took the better part of two years from the initial crash, for the Dow to reach its final nadir in 1932 just as Herbert Hoover was vacating the White House to make room for FDR. And of course FDR moved the country back to the left, because just as now, there was nowhere left to go on the robber baron right. Sadly today's erstwhile right knows as little about capitalism as they do about socialism. Because capitalism isn't supposed to include bailouts, money printing, and GDP plundered from grandchildren. What we have today is not "capitalism", it's the dregs of failure left behind by the last incompetent Banana Republican in office.

Be that as it may, the shift back to the left aka. the center was widely welcomed in 1933. In fact, Franklin Roosevelt is still consistently ranked as one of the most successful U.S. presidents of all time - in league with Washington, and Lincoln.

Nevertheless, before there can be a future there must be a reckoning with the past, and the asinine decades of recycled failure that led to this parlous juncture.

And after that tack on two years of sturm und drang with the most corrupt and incompetent president in history at the helm.

Give it two years and my prediction is that EVERYONE on this planet is going to want a change in direction by then. That's how much fun it's going to be. 

ZH: Donny Has Made This The Best Shutdown Ever

"This may be the longest government shutdown ever, but for the market it's also the best... ever."

Starving working people gives the right so much joy:

"Within just a few weeks into the government shutdown, people are struggling to cope. We hear stories about people turning to food banks to feed their families. We hear stories about people who are in dire straits because they can’t get loans."

If this wave count is correct we are about to see a level of rage we've never even contemplated in our lifetimes. Waterfall crash with three failed counter-trend rallies at multiple degrees of trend. Now at third wave down at all degrees of trend.