Attack of the Billionaires
Billionaires are the embodiment of disproportionate wealth concentration that are the principle symptom of terminal decline in capitalist-deformed economics.
With the current shock in progress of tariffs sending a heavy current of fear and uncertainty into stock markets globally, the response is a sell-off of rare magnitude that is historically commensurate with major disasters.
The theory being tested is described in Chief Economic Advisor Stephen Miran’s A User’s Guide to Restructuring the Global Trading System, a treatise on using massive tariffs against foreign trading partners as a tool to coerce participation in and compliance with US policy objectives.
For example, the paper advocates for differentiated tariff rates by country based on trade practices, security alignment, and compliance with U.S. demands (e.g., intellectual property protection, NATO contributions).
It also stipulates that negotiating tactics could include a push to induce foreign reserve holders of US 10-year Treasurys to buy ultra-long duration (100 year) Treasurys to reduce the impact of foreign selling of bonds on USD.
Its an elitist, belligerent and increasingly typical American response to growing cracks in the financial systems of the world as evidenced by the increasing wealth disparity between G7 citizens relative to the rest of the world.
The extreme above-ground wealth of the world is a result of a century long debt-driven extraction and conversion of mineral wealth into products, which are undermining the possible economic vitality of future generations at exactly the same rate with which this artificial productivity grows.
It is not unreasonable to conclude that the underlying values demonstrated by this economic policy and the tandem military aggression in the Middle East hold that the majority of the population will be forced into existential competition for basic resources like food, shelter and employment while the billionaire classes withdraw into their fortified enclaves to await the inevitable population reduction as a result.
In other words, it is open class warfare, and the further down the economic food chain one finds one’s self, the more expendable and in fact, undesirable, your continued existence is.
Stephen Miran’s paper argues for a “gradual” imposition of extreme tariffs to gain leverage, but Donald Trump, nearing the end of his own life, is clearly interested in an accelerated agenda that will cause the most destruction in the shortest possible amount of time. The essence of Trump’s persona is nihilsm on a global scale. Sychophantic supporters of Trump seeking to mitigate their own obsolescence insulate the delinquent-in-chief’s ability to understand that the absolute chaos being inflicted on the rest of the world is ultimately self-destructive for the US state.
As American isolation grows, and the carnage of the US economy intensifies, Trump’s ability to retain support and and remain in office will be increasingly thrown into question.
But the damage will have been done, and the empowerment and emboldenment of China and Russia will likely result in world war that will further reduce human population, and on a more indiscriminate basis.
