Thursday, July 25, 2019

Make Implosion Great Again

The people who will be most obliterated by the MAGA crash are the ones who are most in denial...

"I thought Trump only lies to his wives"




The reason that denialists can't accept facts and reality is because these facts would invalidate a lifetime of belief, and sow doubt on their plans for the future. Acknowledgement of truth would also invalidate the industry-sponsored bullshit they themselves have been propagating for years. It's the triumph of belief over reality. They are fact-resistant.

Case in point, recent weather patterns. Biblical droughts, wildfires, and flooding have done nothing to change the minds of denialists. The facts clearly show that weather is becoming more volatile - as if anyone needs proof beyond what they see with their own two eyes:


"Tilden, a 44-year-old math teacher and Republican from Sioux City, thinks otherwise: “I’ve noticed essentially the same weather pattern every single year”

In other words, facts and data need not apply. Opinion is all that matters. Today's Idiocracy has a crack addiction to opinionated bullshit. Sadly, opinions mean nothing to inconvenient reality:

"U.S. government researchers have concluded that tropical cyclone activity, rainfall, and the frequency of intense single-day storms have been on the rise, according to data compiled by the Environmental Protection Agency."


The midwest can LEAST afford this infantile type of denial:



"So far this year’s heavy rains are a perfect illustration of what scientific models of climate change predict for the region. And it’s only going to get more intense."


Denial is by no means restricted to climate change. It's raging manifest in today's Potemkin economy, in the mental and physical health crisis, and fentanyl suicides. Someone who treats their own body like a corporate toxic waste dump isn't going to give a damn about this planet.

But denial is by far the most imminent and dangerous in the Trump casino.

A key aspect of this Trump con job has been papering over GDP collapse with government spending on military hardware. This week, gamblers received a massive dose of fiscal stimulus via the new budget which stripped out foodstamps to pay for more military toys. The foodstamps were less than 1% of the total INCREASE to this year's Federal budget, a de minimis rounding error. He only did it to please the right wing sludge, such as the dead souls at the National Review, to keep them from realizing their ideologies are morally, financially, and intellectually bankrupt.

"I love the military. As long as I don't have to be in it"





Borrowed "GDP" has obscured the deterioration of the broader economy. After all, war toys have the highest economic multiplier:

GOP GDP:






Don't expect this massively overbought trade to last long past budget approval which is taking place now. 



"What else can we do to rig the election?"






Also this week, Elizabeth Warren warned that Trumptopia is set to implode. Unfortunately, no intelligent woman can compete with today's cabal of all-knowing con men, who share the collective IQ of a dead bullfrog.

They have overriding belief that printed money is the secret to effortless wealth. 


"Bottom line: As investors, don’t worry about Warren’s piece much. Any crisis is years out — unlikely, and easily averted between now and then"

Comparisons to 2008 are weak"



"In the broadening top, smart money is out of the market. Participation is from useful idiots in the later stages. Five minor reversals are followed by soiled underwear"






"Comparisons to 2008 are weak"