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Potential Major Crash, and Politics
May. 3rd, 2024 10:37 pmI have written before with the tag “Recession of 2026,” and you may want to read the earlier posts. Back in 1997, the late Dr. Fred Foldvary predicted the major recessions of 2008 and 2026, based on his Georgist-Austrian synthesis and the eighteen year real estate cycle; we know that he was right about the first of the two, and land prices are high enough that another major crash seems very possible. We could be hit with a perfect storm of real estate crash, inflation, loss of confidence in the dollar and the credit of the United States due to high government deficits and mounting national debt, and events abroad (a Chinese invasion of Taiwan, perhaps).
Now the politics: I plan to vote to re-elect President Biden, or possibly vote for a third party candidate, depending on circumstances. I could make plenty of criticisms of Biden’s policies, but at least he isn’t a complete grifter, ignoramus, Russian asset, and enemy of the Constitution, which Dishonest Donald is. I wonder, though, how an economic crisis could interact with politics. If Biden is re-elected, and the Great Recession of 2026, the Democrats will likely be blamed, and will deserve some blame, even though Trump certainly wouldn’t have handled things better. The Trumpublicans could then come to power.
One argument to be made for voting for Trump is that then he and his party may be blamed for what goes wrong during the next four years, and removed from power. On the other hand, given the way Trump has been talking, and given the plans discussed by his myrmidons, if he wins in 2024, there may not be a 2028 election, or one may formally be held, but with the opposition not in practice able to win; fill in the details for yourself. As an American loyal to the country and the Constitution, I will assuredly not be voting for Trump.
Now the politics: I plan to vote to re-elect President Biden, or possibly vote for a third party candidate, depending on circumstances. I could make plenty of criticisms of Biden’s policies, but at least he isn’t a complete grifter, ignoramus, Russian asset, and enemy of the Constitution, which Dishonest Donald is. I wonder, though, how an economic crisis could interact with politics. If Biden is re-elected, and the Great Recession of 2026, the Democrats will likely be blamed, and will deserve some blame, even though Trump certainly wouldn’t have handled things better. The Trumpublicans could then come to power.
One argument to be made for voting for Trump is that then he and his party may be blamed for what goes wrong during the next four years, and removed from power. On the other hand, given the way Trump has been talking, and given the plans discussed by his myrmidons, if he wins in 2024, there may not be a 2028 election, or one may formally be held, but with the opposition not in practice able to win; fill in the details for yourself. As an American loyal to the country and the Constitution, I will assuredly not be voting for Trump.
