Authored by James Howard Kunstler,
“Ah, the delicious smell of peak fear on Sunday/Monday…and max NOISE on X.”
– Raoul Pal
Amidst the chaotic uproar in the financial markets lies the dismal cry of the Fugazy Economy facing its demise.
Fugazy signifies counterfeit, unreal, dishonest, divergent from what societies require to prosper. It denotes the misuse of the time-value of assets claiming to be wealth to generate artificial riches for a select few at the expense of the majority. The detrimental consequences of this system are evident in the desolate landscape of our nation, characterized by dilapidated cities, failing towns, and a disheartened populace.
Mr. Trump appears to be steering the expiring Fugazy economy towards a production-centric economy — a daunting endeavor — centered on creating valuable goods and ensuring that individuals from all social strata play meaningful roles in the production and distribution processes.
The Trump tariffs mark the initial significant step in a transformation already sparking substantial friction, heat, and agitation. The objective of the tariffs is clear: the termination of a trade system that hampers and handicaps American manufacturing.
The response thus far is encouraging.
Several nations are now seeking new trade agreements with the USA, recognizing Mr. Trump’s serious intent. It’s plausible that these adjustments will occur swiftly enough for the tariff differentials to balance out before summer, placing everyone on a stable footing with clearly defined new regulations. Such a restructuring necessitated forceful incentives to rectify entrenched detrimental practices.
An additional facet of this transition is the concept of import-replacement. This term conveys its literal meaning: where products were previously imported, they are now manufactured domestically. It’s apparent that this cannot be achieved instantly. However, the question remains: when will the process commence? The answer partly lies in the fact that we can no longer delay the onset. There’s a plethora of items, from machinery to pharmaceuticals to military hardware, that we must resume production of — or risk descending into ruin, potentially even becoming subservient to other nations.
This initiative commences with the allocation of real capital — as opposed to Fugazy capital — to revive businesses and industries. This will entail diverting funds away from hedge funds and other schemes that exist solely to manipulate increasingly abstract layers of pseudo-assets. Consequently, numerous fictitious assets will evaporate. This is a natural consequence when a society reorients itself towards reality: distinguishing genuine wealth from counterfeit wealth. This explains why the price of gold continues to climb.
It’s apparent that Mr. Trump and his associates were fully aware that the tariff strategy would severely unsettle the markets, that these “corrections” are an inevitable repercussion that is best overcome swiftly.
What else could be expected in a system that has spent decades misjudging the value of almost everything? The rebound is bound to be severe.
The Global Left’s psychopathocracy suffered a setback last week in their endeavor to sustain their existing schemes. Their operatives in the USA have been effectively defunded by Mr. Musk’s DOGE, commencing with the extensive network of schemes surrounding the USAID program. The Woke NGOs have dissipated, and the lavish salaries are no longer disbursed to the social justice warriors who infiltrated the DC Beltway — and their outposts in Democratic Party strongholds. Hence, the feeble turnout at last weekend’s protests.
The Baby Boomers have exhibited particularly erratic behavior. Consequently, numerous elderly individuals are brandishing placards manufactured by Soros in the orchestrated rallies of the “Hands-off” demonstrations. After enjoying unparalleled comfort and convenience for eight decades, America’s Boomers now face the decline of their fictitious fortunes as stock markets plummet. Perhaps it’s a consequence of their actions. Maybe they should have demonstrated more concern for their country.
A prime example is the musician Neil Young, who supported the US Intelligence apparatus, the Covid-19 vaccination campaign, the corrupt Democratic party, Senator Adam Schiff, and BlackRock.
Neil Young’s estimated net worth is approximately $200 million. Even if he lost ninety percent of his wealth, he could still lead a life of luxury. In 2022, he advocated for Covid vaccine “truth” and endorsed the vaccinations. Unfortunately, his stance was misguided, resulting in numerous casualties. Many of his counterparts in the entertainment industry adopted a similar stance, opposing reality.
The moment is approaching when they will be exposed as disgraceful pawns — Public vaccine proponents like Stephen Colbert, Jimmy Kimmel, Arnold Schwarzenegger, Oprah Winfrey, Howard Stern, Ryan Reynolds, Lady Gaga, and many others. Meanwhile, they are rallying the Woke troops against the declining Left, contributing to the demise of Hollywood, rock music, and comedy. The nation will recuperate from this, and you will have ample opportunities to revel in their downfall as time progresses.
In the midst of these tumultuous changes, remain steadfast and optimistic.
You will emerge stronger, wiser, more resilient, and possibly happier on the other side.
Noteworthy is the silence emanating from the DOJ and the FBI during these burgeoning spring days. The New York Times is visibly apprehensive.
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