Modern Monetary Theory (MMT) is the new financial religion that has been playing out over the past 30-40 years and, like the other current semi-theosophist fantasies of Climate Change, Critical Race Theory, and Persons With the Capacity for Pregnancy, is such complete and utter nonsense that it defies belief.

Basically, MMT allows Government to print money at will, without fear of downstream consequences like inflation or debt default. The US Gov’t political nattering-nabobery bought into this in a big way, especially since 9/11, and REALLY especially since Biden took office. We are now reaping the warned-about consequences that politicians of all stripes blithely dismissed because they were having so much fun spending all the dollars that the Fed was printing.

So now, as so commonly happens, everything embedded in karma’s principle of “what goes around comes around” has brought about the arrival of multitudes of consequences, both the eminently predictable and the inevitably unforeseen, and they are coming home to roost, along with the entire population of the cows, with a vengeance. We are being ushered into a hurricane of economic and social trouble the likes of which has never before been seen.

To make things worse, a trifecta of governmental blundering is converging into the initial stages of a massive slow-motion train wreck that is reaching global proportions. (1) The absolute crushing of the business world, the social world, and our constitutional rights and freedoms with the lunatic responses to the terrorist attacks of 11 September 2001 and then to Covid (2) The MANY Trillions dollars of spending (Obama’s “Shovel Ready” projects, Covid “stimulus” spending, The Inflation Reduction Act, The Green New Deal, the Fed’s massive “Quantum Easing”, etc.) while using MMT as a rationale/excuse for dismissing any and all objections (3) The Western world’s incomprehensible response to Putin’s invasion of Ukraine and the (predictably) resultant global shortages of Natural Gas, Food, and Fertilizer (…and nuclear war anybody?). All of which is being exacerbated by the green-grifters Climate Change driven flight from reality as they shut down reliable sources of energy production in favor of windmills and sunshine, and in the ongoing worldwide efforts to eliminate fertilizers and herd animals.

In all the resultant sturm und drang, it’s obvious that nobody really knows what is going to happen or how we are going to get out of what we have wrought. This is evident in the panic that is creeping into all sides of the political world, especially in Europe. Climbing out of this is going to be a painful and years long (possibly decades long) process and all the while the politicians will continue to point fingers at each other and continue to make things worse. The only possible solution is the dismantlement of the governmental bureaucracies that were put in place, and have grown so massive, since the last time the very same atrocious political decisions caused similar crises in the years leading up to WWI, 1929, WWII, etc.

So far, I have not seen a single political actor proffer an honest acknowledgement of the seriousness of our current situation, much less a path forward that is informed by the remotest recognition, and acknowledgement of, reality.

Here we go again, only worse this time. Ain’t it fun and buckle up buttercup!