[The stock market did very well in 2Q 2020, but the] economy, on the other hand, was severely scorched. Decades of debt had built up like dead wood amongst a forest understory. Then, at the worst possible time, government lockdown orders sparked a match and set it ablaze.And for some really depressing news, Mr. or Ms. Gordon writes:
The results were predictable to everyone but the experts. Supply chain disruptions followed by retail disruptions, followed by declining sales, followed by disappearing cash flow, followed by layoffs, followed by business closures, followed by shrinking tax receipts, followed by unserviceable public and private debt, followed by mass bankruptcies, followed by riots, followed by full societal breakdown. The economic wildfire raged through so fast most people don’t comprehend what has happened.
The interim solutions from Washington, in concert with the Federal Reserve, have been to add more fuel. That is, the solutions have centered around mega efforts to paper over the economic depression with massive amounts of fake money.
Indeed, the systematic destruction of the dollar, as a matter of policy, has grave consequences. Something big and ugly is coming.As one recovering alcoholic put it after recounting the utter disaster his life had become when he was an active alcoholic, "And my best thinking got me there." It is tempting to think that all of this is mere misjudgment, a series of honest judgment calls that went sideways. But that kind of thinking is for naifs and the addle-brained. This was avoidable a long time ago but every last opportunity that presented itself along the way to reverse course and re-embrace sanity was firmly declined like an invitation to a Nancy Pelosi pole dance.
Returning to sobriety left town on a rail to cries of "neo-liberalism!!!" and "austerity!!!"
We are so screwed with, inter alia, a corrupt Supreme Court, a hollow shell of a Constitution, vote fraud as astra, a predatory and hostile political elite, stifling monopolies, lunatic feminists, homosexuals and their corrosive agenda, a corrupt press, and half the population determined to recreate the Bolshevik catastrophe and turn the country over to millions of parasitic, hostile, non-assimilating foreigners and minorities in the process until their usefulness evaporates and firing squads can be organized. "Thank you for your service."
 "'Something Big & Ugly Is Coming' - Game Over Spending." By M.N. Gordon, ZeroHedge, 7/10/20 (emphasis removed and added).
 Id. (Emphasis removed.)