Failed Leadership Of DC And Fed Has Led Us To A Binary Outcome: Bad Or Worse

Submitted by QTR’s Fringe Finance

Last week I was interviewed by the great Chris Martenson of Peak Prosperity in a wide ranging interview that covered topics like Covid, the economy and the political future of the country.

Chris was one of the only people during the onset of Covid who was looking through the mainstream media’s narrative and was doing his own research. He has a PhD in neurotoxicology from Duke University, and an MBA from Cornell University.

Video of our full 2 hour interview is free to listen to here. 

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I continued: “Academia now has turned into this machine that over-intellectualizes and over-jargonizes things that sometimes have very simple solutions and presents them back as some type of, like, you know, faux intellectual line of reasoning that normal people would never be able to understand.”

“It’s like the shoplifting thing, right? You know, if you want people to stop shoplifting, arrest them. That’s the answer. I don’t need a focus group, I don’t need a PhD, I don’t need a study, I don’t need a thing on race relations, I don’t need a thing on socioeconomic stuff. If you don’t want people to break the law, put consequences in place. You don’t do things that encourage more breaking the law.”

I told Chris: “Think of what kind of a mental pretzel you need to have twisted yourself into and think of how long you have to sit around and, you know, whack off other intellectuals, right, and have everybody tell each other that you’re all right and you’re all geniuses. Think of how much of that you have to do to arrive at an idea like segregating college campuses is a way to fight racism.”

I recently wrote more about this topic of over-analyzing in this piece: Lacking Finesse, Lacking Mindfulness

Chris and I also discussed the juxtaposition between our spending addiction in this country and how we collect taxes.

“The money we’re sending to Ukraine—it’s un-audited,” I said. “We have no idea where it’s going. It’s tens of billions of dollars. And when you think about the juxtaposition between the excruciating amount of energy that is spent managing tax receipts from the citizens of the country—right? I mean, tax season basically gives me a panic attack every year because I’m wondering if there’s some $600 thing that I forgot about.”

I continued: “Because everything’s tracked now. So there’s no point in being a tax cheat. The government knows where all your money is, it knows what you’re spending it on, it knows where you’re moving it to. But to think that they are relentlessly fixated on the excruciating minutiae of the income of the middle and lower class, and what people are making—what cab drivers are making, what waiters and waitresses are making versus the complete lack of visibility on where billions and trillions of dollars go—trillions of dollars in assets missing from the Pentagon, hundreds of billions of dollars being sent overseas without audit in the form of foreign aid, $320 million floating out in the Mediterranean Sea over the last couple of weeks—so when you look at that, it’s very difficult to make any case other than we really are, kind of, it’s almost the equivalent of looking through the couch cushions for change while running up all of your credit cards at the same time. It’s like one is going to justify the other, and it shows how twisted our focus is right now.”

I expounded on this during my critique of the idea of an unrealized gains tax here: Taxing Unrealized Gains Would Obliterate The U.S. Economy

And in my recent critisicm of President Biden’s failed $320 million Gaza Pier: Like Biden’s Busted Gaza Pier, So Drifts Away Our Economy

Finally we talked about the upcoming election and the lunacy of the recent Trump conviction. I told Chris: “Isn’t it funny that nobody went to jail over 2008? Bear Stearns blows up, Lehman Brothers blows up; you have all these people shuffling around these toxic assets, lying about it.”

“We’re talking about potentially trillions of dollars, potentially trillions of dollars in wealth destruction globally, and nobody goes to jail for that. Yet, Trump gets found guilty on 34 counts over $100,000 and a totally legal NDA that he had his lawyer sign for him like ten years ago. I mean, that just tells you everything you need to know. You don’t even need to like Trump to see the double standard.”

You can listen to our full 2 hour long discussion for free here. 

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