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My 2¢ from some days ago:

Nathan's maxim: a lot of smart people have gone broke being right at the wrong time.

Many of us believe that the current state of unsustainable national debt, together with uncounted liabilities coupled with the danger of derivatives means that a harsh reckoning for the economy is inevitable. That it will come we do not doubt, but we do not presume to say we know when.

By way of illustration, the stock market has been operating for years now, really since Greenspan, on the assumption that the Fed has assumed moral hazard duties. In other words, so long as the Fed has our back, it will do what is necessary to pour money into the banks to prop the system up. We have learned that as bubbles burst the Fed will step in. So the market keeps playing because it believes the music will play on. Still, many are watching the Fed because the second they espy the mere wisp of an emanation or intimation of increased interest rates they will trample innocent bystanders in their rush out the door.

That a reckoning will come we think we are smart enough to know. But we don't know when nor do we know it's dimensions. If severe enough, it will lead to political as well as cultural disintegration.

Nathan's other maxim: the remedy for failed socialism is not genuine reform restoring capitalism but invariably imposing more socialism.

So we don't know what we are dealing with here, how close we are to the reckoning, the severity of the pain nor the degree of political derangement that will result. There are entirely too many leftists who would welcome a crisis that they would not let go to waste. My own view, we will not emerge more capitalist, more democratic or more constitutional.

Watched Mark Levin tonight on Hannity. Mark Levin had several worthy arguments - including his often citing our US Constitution and Bill of Rights - against the Biden’s National Socialism.

Biden represents the corruption, vices, and violence of the harshly dedicated left-wing of the AFL-CIO.

The left-wing assault against both local governments and private property thru most of 2020, was an exercise of AFL-CIO guidance.

Such “bad” socialist unions are literally psychopathic in their carelessness: the viability of an enterprise is ignored, because such leftists *ALWAYS* believe in the final government solutions -— that *THEY* will prevail when in control of the government purse.

They do not need private, let alone capital enterprise.

Their methods of bullying, intimidation, “chilling effect,” “disenfranchisement,” destruction, and various proxy fights (for example, what we now see in the DC is Martial Law by Proxy) . . . are the leftist AFL-CIO toolkit.

Their thinking abhors examination, reflection, and study. That is why they are fanatic jingo-ists.

There is no constitutional form nor democratic-republic. There are simply a rage of the day followed by another and “something must be done about it!”

Victor Davis Hanson was also a guest on Tucker Carlson tonight. Mr. Hanson did a good job in a short time, trying to explain the left’s pathology re these matters.

IOW, when Joe Biden says “to the lifeboats!” . . .

Remember that Biden’s back-supports (John Kerry, Mitt Romney, Ben Rhodes, and a lot of people with portfolio), will declare lifeboats to be harmful to the environment and deflate the boats while you are mid-pacific.

Leaving you to sink or swim.