It is seriously astounding how fast the economy is crumbling. No infusion of funny money will save the American people from the historically severe depression now evolving.
State and federal governments are becoming more authoritarian in response to serious influenza (critical data on the transmission of the disease is absent, muddled, contradictory, and the corporate media feeds a frenzy of fear and paranoia based on conflicting, revised, and often speculative numbers).
Critical supply lines foolishly based on the globalist profit-maximizing concept of “just in time” are now breaking down. How long do you suppose unemployed service industry and gig-economy workers will tolerate a serious shortage of food and other essentials before looting stores like the poor and hungry of Palermo? How long before armed citizens begin taking what they need and the military is called in to restore order and confiscate weapons like they did during Katrina? All hell will break loose from Baltimore to Seattle and the government may impose martial law (it can be argued we are already under a soft form of martial-medical law, half of us confined to our homes, the equivalent of house arrest, scared to death of a virus they now say can spread by merely opening of one’s mouth and speaking and thus allowing viral-laden breath to drift in the air).
I don’t believe the state will be able to meet the needs of a third or more of an unemployed workforce—angry, desperate, and eventually violent as a dystopian nightmare spreads across the land. Congress and Trump’s onetime $1,200 check will certainly not satisfy the unemployed for long—in many cases, that’s not even a month’s rent. Millions of Americans stood by and watched as the Federal Reserve dished out a trillion and a half bucks to the banks and the financial elite.
Mark Twain said something about history rhyming. It looks like a big fat sonnet is about to unfold and knock us flat. Historians argue whether FDR did or did not secretly agree with Churchill to get the US involved in the war in Europe and thus put an end to a stubborn depression. It did—and the military-industrial machine returned prosperity to depression and war-weary Americans while building a sprawling national security structure behind the scenes to face an exaggerated enemy,