Complete annihilation from the top down. When has American been this bad, tell me? We are segregated by class, race, and medicinal status, all encouraged by leadership. Our wars have been giant colossal failures to the point of national humiliation. Economic policy has been ruinous to the point that it encourages sloth and has resulted in supply chain catastrophes and rapid inflation. Structurally our cities are cesspools of crime and degeneracy, once testaments to our greatness but now reminders of our failures.
So it’s not really a surprise to see Russia moving military personnel around or China menacing Taiwan or our medical establishment completely and totally discredited after two years of propaganda trying to convince parents to inject their 5 year olds with a vaccine against a virus that poses close to zero risk to them. I thought the Trump administration was bad, always making promises but instead ending up in scandals — but this takes the cake.
Has a President ever been so persona non grata? I don’t even hate Biden. He evokes no emotional response from me other than depression. I look at him and think he’s not there. Luckily for us, the President isn’t really in charge. I must say, this is the worst leadership from the CIA in decades, perhaps ever.
Markets are spiraling lower and at the center of the problem are interest rates, with the 10yr now above 1.8%. SAAS stocks are off 18% for 2022 and only energy stocks are doing well thanks to inflation and a European energy crisis.
I’m open to the idea of a silver lining in all this. Perhaps, at least from a stock market point of view, we are oversold and can rally soon out of sympathy. But even if we did, none of the problems are going away and in order to get the inflation genie back in the bottle it’s gonna take some deflationary measures to make it happen — never a feel good process.If you enjoy the content at iBankCoin, please follow us on Twitter