The US Is A Paper Tiger At The End Of Its Empire

The US Is A Paper Tiger At The End Of Its Empire, from an interview with Bob Moriarty.

Now here’s what’s very important for everybody to understand, the coronavirus did not, has not, caused the stock market collapse. The stock market collapse was absolutely written into the cards. I predicted it on January 1st, actually I predicted a year ago and the two are related. The coronavirus is the ultimate black swan, but we were going to have a crash whether we had the coronavirus or not. …

I was in Vietnam for two years and the Chinese and the Vietnamese, called the Americans a “Paper tiger.” The incompetence at all levels in government in the United States has exposed that we have the most corrupt political system in US history. We are indeed a paper tiger at end of empire.

The reaction to both the financial situation, stock market collapse, and to the coronavirus is just exposing how impotent our system is to attack any very real problem. I mean, we should have a convention right now of every nation in the world. We should be talking about, “Okay, what do we do about this and let’s cure it and how can we work together?” Instead, I mean, China, it’s blaming the United States for it, the US is blaming China for it. China is clearly lying through their teeth. The US is clearly lying through their teeth. This is the end of empire, I mean this is just as bad as it gets. Everyone’s life just changed, literally in the last two weeks and it’s going to be six months to a year before we realize how much it’s changed. …

Something like 60% of Americans couldn’t come up with $500 in the case of emergency. So what happens when, say 80% of Americans go without a paycheck for two or three months? This is, it’s absolutely catastrophic. …

Everyone wants to believe governments are all powerful. I spent two years in Vietnam. I can guarantee you governments are not all powerful. They are totally, absolutely, catastrophically out of bullets and that will be obvious very soon. The airlines, the cruise industry, the automobile industry, maybe even mining could stop for six months. We got so many black swans landing right now, there is no simple solution. They can open the goddamn monetary spigots and hand everybody $23 trillion apiece in monopoly money and it’s not going to work.

Here’s what happens. When an economy gets totally out of balance, it has to heal itself. Everything that the Fed has done since 2008 is the opposite of what they should have done. Now let’s say, “Okay, we’re not going to collect taxes.” Who’s going to pay for all this health care? We have the most expensive healthcare system in the world. We cannot possibly cope with the number of patients that we’re going to have already. We have 10 or 15 real issues that have to be solved by rational solutions, and we don’t have any adults in charge. There is no simple solution to this. We are literally, we’re off the edge of the map, we’re in area of the world that we have never been in before and we’re led by a bunch of narcissist idiots. The Democrats wanted us to believe Trump was elected because of $100,000 in social media spending by the Russians but Bloomberg couldn’t buy a single primary and he spent $500 million. Are we stupid? …

The only way economies ever cure is for there to be real supply and real demand. Everything the government does is totally artificial and it distorts the financial system. It doesn’t heal it, it wounds it. There was a depression in 1921 and it lasted 18 months because the government didn’t do anything. The government isn’t the solution, the government’s the problem. …

Strange enough, it’s going to be real obvious to everybody, literally in the next week or two that the United States government is absolutely impotent at every level to solve any problems whatsoever. They’re going to be overwhelmed with the multitude of problems that they’re incapable of solving. The American people are going to wake up and they’re going to say, “Hey, we need real change.” Now, if you ask me what do I think about Biden versus Trump, I wouldn’t elect either of those idiots as a dog catcher.