Queen Elizabeth II (or I, if you’re Scottish) is one of the most powerful people in the world. She can dissolve Parliament on a whim, declare war, revoke passports, and commit just about any act that would be a crime to anyone else with no consequences.
This may surprise you, given that she never does any of these things. Yet the main reason why the monarch of the UK still holds all these powers, what with the Magna Carta and Commonwealth and other historical tidbits, is a simple one. She absolutely never uses them. If she did, you can bet the UK would become a Republic faster than you could sing, “Rule, Britannia.”
This may seem like a rhetorical point, even with Brexit turning far further South than the Treaty of Rome ever enabled. But we’re about to see this principle in action. Not in the UK, but here in the US.
As we approach the halfway point of the Trump administration, I think it’s worth re-iterating the message from two years ago, as we anticipated this mess.
Today is the big day. An new era full of uncertainty starts with the inauguration of Donald Trump.
God save the Republic.
I firmly believe it is critical to take the long view on this, since we are about to settle in for what is likely to be a tumultuous four years. We will have to pick our battles, declare victory where we can, and always keep our eyes on the prize. For this reason, and to keep our sanity, the wisdom of the ancients should be a primary source of comfort. Today’s readings are from the Tao Te Ching, as translated by Stan Rosenthal.
I hope everyone had a good Christmas. I’ve been slow to write about the stock market for two reasons. The first is that it would ruin the holiday cheer, and the secondly this is a long developing story that I have written about for a year now and will probably write about for the next year.
But we’ve reached an important threshold. It’s now down 20% off the peak, meaning that we are in a Bear Market. We haven’t been in one for a decade, and there hasn’t been a nasty one for at least two decades, so let’s run down what that means.
The endgame is approaching. The truth about Trump is being revealed. After disastrous midterm elections he is weak and has the stench of a loser attached to him. The most recent revelations are going to be the the last straw, and his part will finally abandon him. This week showed us why.
Of course, this has nothing to do with what’s been said in court. Nevermind that his longtime lawyer has completely turned on him, or the man who buried his secrets for decades. The Republican Party doesn’t care about illegal activities now any more than they did before the election – when it was just about as obvious as it is today, as chronicled here.
It’s the steep decline in the stock market that is the unforgivable sin.
Throughout the day, rumors have been circulating that Assistant Attorney General and overseer of the Mueller probe Rod Rosenstein was about to resign or be fired. The decision has apparently been put off until Thursday.
This is the beginning of an actual constitutional crisis, a conflict within the republic but outside of the Constitution itself. It does not automatically lead to the firing of Mueller, but it makes it much more likely. This is a time for all Americans to be ready to act to preserve freedom as we know it.