It’s quite intentional. As others have noted, they hope to initiate the “Great Reset” with them permanently at the top.

Attempting this while failing to gain control of the guns in this country is doomed to failure. The ones who think that the army — even, or especially, their army gutted of patriots and filled with sycophantic LGBQTXYZM fans — is going to be able to succeed against an armed people are abject fools. Even more so an armed people spearheaded by men and women who have served in Iraq and Afghanistan and been tossed from the service.

The financial markets remain over inflated. A reversion to mean values in the equity markets is inevitable because there is no such thing as a predominantly “consumer economy” that is perpetually borrowing that remains stable.

Production must balance or exceed consumption for building wealth and increasing standards of living to flourish. The domestic private sector has shrunk in relation to the public sector. The rebalancing gets harder as that trend continues.

Governments have borrowed from the future and we are now going to pay the price.
Lightening up on stocks and long-term bonds is the only defense as it was in the lost decade in the 1970s and ’80s.

“Unexpected news” should have been expected. Only the timing was in question.

According to Peter Zeihan 2019 was the last good year — as good as it gets until the current chaos sorts itself out as a result of the end of Pax Americana, crashing demographics and our fragile globally interconnected economic web.

That might work in Europe. In America, with our decentralized government authority and 400+ million privately owned firearms? Not so much.

Mike

“Prices are rising, the markets are tanking, savings aren’t keeping up with inflation, and even gold and silver have not been much of a refuge. We’re all getting poorer. The Democrats have no clue.”

They’re not stupid or unaware, they know exactly what they’re doing.

MBunge,

The White House, the Democrats, the Left, the WEF, and the whole “Great Reset” crew are all on the same page.

“They think they can destroy consumerism but continue the prosperity of a consumer economy. They’ve been raised to the top of the heap and now think they can remove the heap but maintain their current altitude.”

They’ve got theirs and know they have the resources to acquire whatever they wish even in a devastated consumer economy. As they have ‘connections’. They not only intend to remove the ‘heap’ but replace it with a combination of compliant workers and AI operated robotics. No $22.00 per hour fast food workers needed.

Yuval Noah Harari, the left’s new prophet:

“What shall we do with all of these useless people?

“If we succeed, and there’s a very good chance we will, then very soon, we will be beyond the God of the Bible.” [my emphasis]

Could a more extreme example of hubris be found today?

I’ve said it before, I’m not worried about communists taking over America. We simply don’t have the tradition and culture to support that. I am worried that the disaster these people are manufacturing is going to result in someone who will make Donald Trump look like a member of the League of Women Voters.

Mike

The only bright spot is that we are now getting some return on our savings account. Though nowhere near enough to keep our dollars from falling in value. Prices are rising, the markets are tanking, savings aren’t keeping up with inflation, and even gold and silver have not been much of a refuge. We’re all getting poorer. The Democrats have no clue. They just want to spend more money and raise taxes. Biden celebrates the passage of his Inflation Reduction Act, which spends more money and raises taxes. 🙁