In fact, not only do I agree there will be a correction (both in the economic and political sense), I think that I agree with Kurt Schlicter about what the longer term danger is. That being that its seeming increasingly likely that while a new Reagan would be the optimal path out for the country in the long term, we are increasingly staring down the possibility of an American Caesar. Because if the Elites/Fabians/Globalist, in their retarded harebrained schemes and lust for power, cause enough damage, it may be possible for the Caesar to come in and say that the Republic is dead, and that he can offer revenge on the people who murdered it. And he will dismantle anything that stands in the way of doing that (after all, the republic is already dead).
And that sounds nice and glorious when you have an Augustus or Marcus Aurelius in charge. But becomes a lot less good for the nation when you inevitably get a Nero or Caligula in charge.
I actually don't think that's the case. There's really only one time where there has been anything close to that that didn't come form the political Left, and it was under Lincoln, and that was the religious zealots giving him free reign. And for his trouble, you'll recall he caught a bullet.
There's just not going to be a right-wing American Caesar, or even an American Thermodorian Reaction.
What we're seeing on the political right is American Liberalism. As in, "conservativism" in America, means a return to it's Liberal Revolutionary roots, and our enemies are the Leftists explicitly. Where, in the American Revolution, there were the people who followed Rouseau, and diefied the Founding Fathers, those proto-Leftists (like Hamilton) are the the political right's enemies.
What we have here is a coalition of people on the right who are replicating the anti-Federalists versus the Federalists (and their party specifically). Even within Trump and DeSantis, the political right is not unified around a Caesar, and we are not prepared to tolerate one, because any would violate someone's principles and break the coalition. Instead, we rally around our opposition to the Left, and are prepared to evoke our own paths, that we agree to separately take in our own territories.
The Left is prepared to follow anyone strong into battle, and they have no one.
The Right is prepared to follow each faction separately: the Libertarians with Paul, the MAGA chuds with Greene, the Catholics with Cruz, the militarists with Crenshaw, but none are prepared to tolerate any one as Sovereign Supreme. Even Trump is not actually that man. He was a compromise between the factions who managed to fight, and not necessarily annoy all of us at the same time.
In the end, the real threat of an American Ceasar would come from the Left, who might even bring the right-wing racialists and protectionists on their side. But that would require a kind of Leftist Nationalist. Like, a fucking Tito. And while that could happen, the Left is too entrenched in it's own incompetence to do that.
This has been going on for longer than either of us have been alive, and 'the correction' is still nowhere in sight. Instead, it just keeps getting fucking worse. It's been one direction, ever further left, every year, for over a century.
There has been no correction in all that time. Why do you think you're gonna live to see one?
I think we're talking about two completely different things.
Perpetual inflation can be maintained for quite a long time when you reset the entire financial and monetary system every 40 years, and re-organize it. That's happened multiple times since 1900.
When I say correction, I mean a major economic correction, like a massive recession that is going to destroy a fuckton of wealth by eradicating a swath of the debt/currency. The last time that happened was 2008, and I think the next one is going to be much bigger. I think we are already in the beginning stages of that correction.
It sounds like you think I'm saying that there will be an incident where the fiat currency will re-value to it's full, pre-inflationary, value. However, I wouldn't say that, that basically hasn't ever happened in history. Instead, what happens is the fiat currency becomes effectively worthless, and a monetary reset has to occur, or a new currency has to be introduced, and I think that's going to happen by 2030 at the latest because this recession will probably smash the current petro-dollar system permanently. The whole thing nearly killed itself in 1998, and was staved off in 2001, and then staved off in 2008, and the long, slow, barely moving recovery that took until 2014 was a way of staving off a collapse again.
The US fiscal and currency system is dying, and that's why the global elite are pushing for a Great Reset. The introduction of Central Bank Digital Currencies is exactly what it's about because the current monetary system can't be maintained.
The only thing close to a "full re-valued correction" would be a termination of a fiat currency for the US and the introduction of some kind of metal or block-chain based currency that the government doesn't have the right or power to adjust. Those kinds of currency changes have happened in the past, but normally happen after pretty much total economic collapse (like the old US Continental Dollars, prior to the creation of the constitution).
The problem I see is that the recession could very quickly turn into a depression, and such an outcome could happen. Not that it will, but that it could. I couldn't say that about any other economic situation in the US after 1933. Between 1933 and 2016 there was a 0% chance of that outcome. 2016-2020, there was a 1% chance. I think from 2020-2030 it might be a 10%-20% chance.
So, what you're thinking could happen, but it wasn't what I was talking about.
Any day now, right?
The market can stay irrational longer than you can stay solvent.
Plan accordingly.
You think there's not going to be a correction? I'd like to hear your argument.
In fact, not only do I agree there will be a correction (both in the economic and political sense), I think that I agree with Kurt Schlicter about what the longer term danger is. That being that its seeming increasingly likely that while a new Reagan would be the optimal path out for the country in the long term, we are increasingly staring down the possibility of an American Caesar. Because if the Elites/Fabians/Globalist, in their retarded harebrained schemes and lust for power, cause enough damage, it may be possible for the Caesar to come in and say that the Republic is dead, and that he can offer revenge on the people who murdered it. And he will dismantle anything that stands in the way of doing that (after all, the republic is already dead).
And that sounds nice and glorious when you have an Augustus or Marcus Aurelius in charge. But becomes a lot less good for the nation when you inevitably get a Nero or Caligula in charge.
I actually don't think that's the case. There's really only one time where there has been anything close to that that didn't come form the political Left, and it was under Lincoln, and that was the religious zealots giving him free reign. And for his trouble, you'll recall he caught a bullet.
There's just not going to be a right-wing American Caesar, or even an American Thermodorian Reaction.
What we're seeing on the political right is American Liberalism. As in, "conservativism" in America, means a return to it's Liberal Revolutionary roots, and our enemies are the Leftists explicitly. Where, in the American Revolution, there were the people who followed Rouseau, and diefied the Founding Fathers, those proto-Leftists (like Hamilton) are the the political right's enemies.
What we have here is a coalition of people on the right who are replicating the anti-Federalists versus the Federalists (and their party specifically). Even within Trump and DeSantis, the political right is not unified around a Caesar, and we are not prepared to tolerate one, because any would violate someone's principles and break the coalition. Instead, we rally around our opposition to the Left, and are prepared to evoke our own paths, that we agree to separately take in our own territories.
The Left is prepared to follow anyone strong into battle, and they have no one.
The Right is prepared to follow each faction separately: the Libertarians with Paul, the MAGA chuds with Greene, the Catholics with Cruz, the militarists with Crenshaw, but none are prepared to tolerate any one as Sovereign Supreme. Even Trump is not actually that man. He was a compromise between the factions who managed to fight, and not necessarily annoy all of us at the same time.
In the end, the real threat of an American Ceasar would come from the Left, who might even bring the right-wing racialists and protectionists on their side. But that would require a kind of Leftist Nationalist. Like, a fucking Tito. And while that could happen, the Left is too entrenched in it's own incompetence to do that.
Well, when's it fucking coming?
This has been going on for longer than either of us have been alive, and 'the correction' is still nowhere in sight. Instead, it just keeps getting fucking worse. It's been one direction, ever further left, every year, for over a century.
There has been no correction in all that time. Why do you think you're gonna live to see one?
I think we're talking about two completely different things.
Perpetual inflation can be maintained for quite a long time when you reset the entire financial and monetary system every 40 years, and re-organize it. That's happened multiple times since 1900.
When I say correction, I mean a major economic correction, like a massive recession that is going to destroy a fuckton of wealth by eradicating a swath of the debt/currency. The last time that happened was 2008, and I think the next one is going to be much bigger. I think we are already in the beginning stages of that correction.
It sounds like you think I'm saying that there will be an incident where the fiat currency will re-value to it's full, pre-inflationary, value. However, I wouldn't say that, that basically hasn't ever happened in history. Instead, what happens is the fiat currency becomes effectively worthless, and a monetary reset has to occur, or a new currency has to be introduced, and I think that's going to happen by 2030 at the latest because this recession will probably smash the current petro-dollar system permanently. The whole thing nearly killed itself in 1998, and was staved off in 2001, and then staved off in 2008, and the long, slow, barely moving recovery that took until 2014 was a way of staving off a collapse again.
The US fiscal and currency system is dying, and that's why the global elite are pushing for a Great Reset. The introduction of Central Bank Digital Currencies is exactly what it's about because the current monetary system can't be maintained.
The only thing close to a "full re-valued correction" would be a termination of a fiat currency for the US and the introduction of some kind of metal or block-chain based currency that the government doesn't have the right or power to adjust. Those kinds of currency changes have happened in the past, but normally happen after pretty much total economic collapse (like the old US Continental Dollars, prior to the creation of the constitution).
The problem I see is that the recession could very quickly turn into a depression, and such an outcome could happen. Not that it will, but that it could. I couldn't say that about any other economic situation in the US after 1933. Between 1933 and 2016 there was a 0% chance of that outcome. 2016-2020, there was a 1% chance. I think from 2020-2030 it might be a 10%-20% chance.
So, what you're thinking could happen, but it wasn't what I was talking about.