A Fretful Holiday – LewRockwell

Many threads to tug on at the close of this tumultuous work-week before the supreme holiday of white privilege rolls through, all silver bells and hovering angels. It took hours of rumination and prayer to arrive at a coherent notion about the strange doings in Gen. Mike Flynn’s sentencing hearing, but here goes: Judge Emmet Sullivan sent Gen Flynn to the doghouse for three months to reconsider his guilty plea. The judge may believe that Gen. Flynn needs to contest the charge in open court, where all the Special Prosecutor’s janky evidence will be subject to discovery and review. Mr. Mueller tried to toss a wrecking bar into the proceedings the day before by pressing charges against two of Gen. Flynn’s colleagues in the Turkish lobbying gambit, which was meant to terrify Gen. Flynn as a hint that separate charges would be dumped on him if he doesn’t play ball. A lot can happen in three months, including the arrival of a new Attorney General, and we’ll leave it there for the moment.

The stopgap spending bill before Congress — to avert a government shut-down — is based on the comical idea that the money is actually there to spend. Everyone with half a brain knows that it’s not money but “money,” a hypothetical abstraction composed of hopes and wishes. The USA is worse than broke. It’s down to liquidating its rehypothecated hypotheticals. After all, financialization added up to money with its value removed. The global credit markets seem to be sensing this as the tide of borrowings retreats, exposing all the wretched, slimy creatures wheezing in the exposed mudflats who have no idea how to service their old loans or generate credible new ones. But, no matter. We’ll continue pretending until the US$ flies up its…

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