Loading ...It looks like the shit sandwich President Obama has carefully prepared and left in the White House pantry for his successor will take the form of inflation, the dying of your money — or, at least, paper currency. Or, if it doesn’t die outright, prepare for the possibility that you might not be able to get your hands on it, as money markets gate their exits and banks restrict cash withdrawals.
Though it’s clearly a loser strategy now, I suspect that the ragged remains of the Democratic Party will persist in amping up their sacred identity grievances to the point of civil strife without ever understanding the economic dynamics in motion. They don’t know what else to do. Plus, they are captives of the poverty policy racketeers. I also suspect that neither Mr. Obama or Mr. Trump will get around to pardoning Hillary Clinton for the racketeering operation of her foundation, of which the private email server was the least issue — rather, the arrant sale of influence and access to the State Department is the heart of the matter, and anyone paying attention knows it, including the incoming Attorney General. If that circus comes to town, Trump could benefit from the distraction it offers the public.
There’s a lot of talk on the Net about Strauss and Howe’s “Fourth Turning” taking stage now. That excellent book, published twenty years ago, posits the turbulent end of 80-year generational cycles in history. (Blogger Jim Quinn lays it out nicely this week at The Burning Platform). Previous Fourth Turning presidents Lincoln and Franklin Roosevelt took the nation through epic bloodbaths and economic dislocation. Donald Trump in terms of demeanor is no Lincoln and no FDR. But he did raise up those children of his somehow, and that’s all we’ve got to go on for the moment.