How Low Can You Go? By James Howard Kunstler

The challenge stands: name one thing the Biden administration has done right. From James Howard Kunstler at kunstler.com:

Lots of things are going south all at once….

Remember the limbo? It was a dance fad kind of like the Olympic high jump in reverse: instead of leaping over a horizontal bar, you duck-walked under it to calypso music, with the crowd squealing, “How low can you go?” As it happens, in the culture of Western Civ, Limbo is also the name of a place on the edge of Hell. Either way, you have an apt metaphor for the spot that the USA is in as we enter the summer of double-deuce.

Lots of things are going south all at once: the stock markets and bond prices, Bitcoin is doing a vanishing act. The Colorado River reservoirs, Lake Powell and Lake Mead, are so low that, by September, both water and electricity may run out for a vast region that includes Phoenix, Las Vegas, and Southern California. The housing market is tanking (suburbia’s business model is broken). Whole herds of beef cattle roll over and die out on the range. Fertilizer is scarce. Food processing plants get torched by the dozen. Shortages loom.

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