The critics of Biden are naive because they accuse him of being incompetent [I fell for that explanation of his apparent insanity too back at the beginning of 2021] but, the truth is he is doing a superb job for his supporters. His supporters demand that he implode the global economy so that they can "building back better". The mantra "build back better" did not make any sense to me during the 2020 Election for President; but, it makes perfect sense now. It makes perfect sense because Biden, and his wrecking crew, is intent on imploding the global economy. And the clear-and-present evidence is that Biden is making amazingly fast progress on his mission. But how is the Biden wrecking crew doing it?
First and foremost they are destroying the value of the $US. They refuse to raise interest rates in the face of demand-push inflation [more and more money chasing fewer and fewer goods]. They boost price inflation through fiscal policies [massive spending bills] and expansive monetary policy [printing $US beyond contemporary debt limits, etc] which combines to denude the US currency of its traditional purchasing power. They are denying the world [in particular the American people] the energy supply required to sustain current standards of living. Refusal to adhere to the legal system that is based on the American Constitution. Replacing the rational public policy development process [based on cost and benefits of government intervention] with one based on ideology [equal outcomes not equal opportunities]. Biden has replaced the Trump Wall with an open border and a system that redistributes these "illegal" immigrants into constituencies that need a boost of Democrats to win government time and time again [replicating California]. And so and so on....
Biden has made such rapid progress with his "implosion policies" that it is difficult to see just how those who oppose his ideological bent can proceed. Perhaps everyone must accept that we have a "greenfield opportunity" to build a new world order. Of course, at the moment, the emerging world order is based on the notion that equal outcomes can be achieved by 7.5 Billion people. Can this goal actually be achieve? Frankly, I do not know... However, I suspect that elements of this experiment will be "in play" for the next 50 years.
What, if any, alternative plans do you suggest to the Biden's approach [backed by Davos, Global Corporations & Media, Climate Change Movement, etc] to our joint futures?
Richard.
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