I think once people have a second thought, they’ll realize the gravity and the scope of their mass stupidity. And I hate to put it that way, but sometimes it is what it is, you know. If you elect a fool, you cannot be surprised when you see foolishness, and that’s what it is. This cat is breaking everything in the house, and it’s wonderful and terrifying at the same time, because you know, we must recognize that for the most powerful empire, perhaps in world history, to believe that it has been cheated by the rest of the world instead of the reverse, is an example of mass media manipulated delusion. Terrifying, because the pain and suffering that will come from this is probably close to incalculable. It will be in the trillions of dollars. It’s as if you took trillions of dollars and burnt it, and just burnt it. That’s what’s happening, and that’s why the business class, the corporate class, are head on fire about it. They’re trying to get through to a blockhead who cannot hear them because his ego is so loud. And so, it’s terrible because we’re seeing history being made every day, and not in a good way.
And this is why it’s wonderful. Lenin once said, “There are years and decades when nothing happens, and there are days when decades happen. When things happen.” We’re in the middle of a kind of social transformation that we cannot see the end of because of stupidity, because of political ego and because really, of a profound kind of recklessness, right? Like, in the last week, six trillion dollars just disappeared. Just disappeared. And I am informed, when I look at the news and I hear about the bond markets, and for the first time in decades the bond markets; speaking of, you know, treasury bills, so called T bills, which may have a ten-year yield, a thirty-year yield or a fifty-year yield. For the first time, the number of bonds sold declined in this period.
That’s remarkable because when the economy is in chaos, which it is, the last place people invest in are the T bills, because this is considered a safe security backed by the government. But when that number started to decline, people were looking at the government and saying, “I can’t trust these people. I am not investing in T bills.” So that suggests that they were long-term investors or even international investors who shifted their currency somewhere else or just declined to buy.
That was the danger sign that made Trump go with this ninety-day pause. He heard from some people at the top of the financial heap, that moved him, but I think it’s too little too late. In many ways the damage is done, because it’s of a piece, it’s not like one thing, it’s of a piece of what’s happening politically, economically, in terms of immigrants, the executive orders bordering on madness, the DEI, all this stuff. It’s mindless bull***t but it’s mean, and it has it’s impact. People are looking at the United States in ways they have never looked at it in our lifetimes. Perhaps Vietnam was close, but this is another kind of internal madness that is burning at the heart of the empire.
These commentaries are recorded by Noelle Hanrahan of Prison Radio.
