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James Hickman
James Hickman (aka Simon Black) is an international investor, entrepreneur, and founder of Sovereign Man.
Days ago I wrote to you about how Elizabeth Warren single-handedly destroyed an American technology company headquartered in her home state.
She killed a deal for Amazon to buy iRobot – maker of the popular Roomba robot vacuum cleaner. And as a result, iRobot filed for bankruptcy and got scooped up for peanuts by a Chinese rival.
All of that US intellectual property, not to mention mountains of personal data on iRobot’s US consumers, was handed over to the Chinese… courtesy of America’s favorite Cherokee warrior.
Bear in mind that Warren is a trained lawyer and spent nearly two decades as a professor at Harvard Law School (albeit as a DEI hire thanks to her fake Native American claims).
So Warren isn’t just an idiot. She’s a highly educated idiot… who spent 20 years training future highly educated idiots.
Warren is directly responsible for hundreds of her own voters losing their jobs, not to mention the breach of US consumer data that is now in the hands of China. But, hey, that’s just another Tuesday for Lizzie.
Sadly this highly educated inspired idiot is not an outlier in the United States Congress. Overall the level of incompetence for America’s average politician is staggering:
The botched Afghanistan withdrawal, the Navy ships colliding, the cybersecurity breaches, the FDIC partying while banks went under, the Federal Reserve also failing to notice unrealized bank losses, the bridges collapsing, trains derailing, the FAA mistakes (all despite a trillion dollars in extra infrastructure funds), just to name a few examples.
Or there’s the Pentagon failing every audit, the CDC’s incoherent Covid guidance, the VA hospital failures, the IRS targeting scandals, FEMA’s horrendous disaster responses, and Social Security trust funds racing toward insolvency while Congress does nothing.
There’s also the soaring cost of health insurance despite the “Affordable Care Act”, the Secret Service failures, the EPA poisoning a Colorado river with toxic mine waste, hundreds of billions in Covid relief funds fraud, the TSA failing 95 per cent of its own security tests, the F-35 program running $183 billion over budget, and the baby formula shortage caused by FDA bureaucracy.
This laundry list doesn’t even begin to scratch the surface of the tip of the iceberg of extremely embarrassing government failures… just over the past few years.
The biggest problem that America needs to solve is its $2 trillion yearly deficits, which just keep piling on to the $38.6 trillion US national debt. The interest bill alone now exceeds $1 trillion.
Congress, however, seems to understand nothing about debt. Or finance. Or business. Or pretty much anything economic.
In fact, many members of Congress are financially illiterate.
Remember Rep Jamaal Bowman – the guy who pulled a fire alarm in the Capitol in order to delay a vote that would have prevented a government shutdown?
This is the same person who demanded the federal government pay at least $14 trillion in reparations to black people.
When asked how the government would fund this, Bowman had a simple answer – Congress would “spend it into existence.”
One can only marvel at this guy’s grasp of economics. He has no clue that the government has to take money from hardworking people and businesses; he seems to think that he can just lift his countenance upon the Treasury, and, poof, let there be money.
Oh, and by the way – before entering Congress, Bowman was a teacher. Just like Lizzie Warren. He also founded a public middle school in the Bronx where just 26 per cent of students are proficient in math, and only 31 per cent can read at their grade level.
Bowman has managed to fail American children at every level.
This matters, because representative democracy was designed to function with a well-educated populace.
At some point, you have to ask yourself, does America even still have the tools to solve this deficit problem?
In theory, America has self-correcting mechanisms: elections, courts, a free press, educated voters.
But every one of those mechanisms has been compromised.
Start with voters. Congress has an approval rating that hovers under 20 per cent. Yet incumbents are reelected over 90 per cent of the time.
Activist journalists lie, deceive, and call it ‘news’ – reinforced by social media algorithms telling people what to be outraged about.
Meanwhile, people like Alex Soros have figured out that you can funnel a few million dollars into state and local races, prop up the least-capable candidates, and destroy America one city at a time.
Ultra-woke city councils now drive out businesses and taxpayers. District attorneys refuse to prosecute criminals. Judges put violent thugs back on the street to slit throats and light women on fire.
Then there’s the immigration feedback loop. Bring in millions of illegals. Pay for their housing and healthcare through massive, taxpayer-funded fraud. Let the illegals vote.
And then, of course, file lawsuits against anyone who tries to verify citizenship or clean up the voter rolls. Scream ‘racism’. Rely on activist judges to block every attempt at reform.
The foot soldiers of this destruction are self-loathing white liberals who’ve been taught that America is irredeemably racist. They’re useful (and often highly educated) idiots – cheering on their own demographic and economic decline as a moral victory.
In theory, the fixes should be relatively easy – at least to start with low hanging fruit. Eliminate fraud from the budget. Cut business-strangling regulations. Reform an immigration system that literally everyone agrees is broken.
America has an incredibly dynamic economy, deep capital pools, and some of the most abundant resources on our planet.
And yet, year after year, very little reform happens. Whenever someone tries to make a difference (whether the President, Elon Musk, Charlie Kirk), they get sued, blocked, stymied, or shot.
Look, I’m not a doom-and-gloomer. I believe the long-term future is quite bright. AI will likely unleash a productivity boom unlike anything we’ve seen since the Industrial Revolution. Nuclear energy should bring down the cost of everything.
American ingenuity and entrepreneurship are a robust backstop.
This is not the end of the world, nor the end of America.
But I’m afraid that voters (the remaining legitimate ones) won’t wake up until there’s a serious rough patch – a financial reckoning that forces changes to these rotting systems – because clearly nothing else will.
This article was originally published by Sovereign Man.
