The Great Sorting-Out Begins

“The purpose of a pardon is to correct a miscarriage of justice, not to prevent future judicial action.” — Dr. Joseph Sansone

This, as they say, is one of those weeks when decades happen. You realize that under the fiends fronted by “Joe Biden,” the US government became a demon-driven machine for wrecking lives, perverting the law, and demolishing all scaffolds of decent behavior. And now, it all has to be fixed, cleaned up, fumigated, rectified, rehabilitated.

Scores of executive orders flew out of the Oval Office, rescinding four years of “Biden” regime lunacy in every direction: Censorship, dead. . . Gain of function research, killed. . . CBDCs banned. . . CBP-app for aiding illegal migrants, discontinued. . . border fortified. . . homicidal alien mutts deported. . . World Health Organization, no thanks. . . Paris Climate Accords, fuggeddabowdit. . . DEI, vacated through all of government. . . Green New Deal, scrapped. . . “pride” in mental illness, cancelled. . . Ukraine War, headed for the negotiating table. . . all in four days and so much more coming.

The DEI flimflam is particularly illustrative of the hazards still lurking. The DC blob is desperate to hide its chaos agents by switching their job titles and shuffling them around to hidey-holes in obscure precincts of this-or-that bureaucracy. Being federal employees, of course, they all have searchable names and payroll accounts, so you may be sure they’ll be discovered wherever they’re hiding-out and placed, as ordered, on “administrative leave.” Since DEI was essentially a program to promote incompetence, these employees represent a monumental cargo of dead-weight. So, the next task will be finding a way under the civil service codes to cashier them for good. For instance, reclassifying their job status to render them fire-able.

This is sure to be a major friction-point for the so-called “resistance,” the huge cadre of “activist” Wokesters embedded in the agencies. Cue the army of Democratic Party lawyers who will be filing suits to prevent the chief executive from coherently managing the departments of the executive branch. But there’s a catch: this time, the White House will not be funneling scads of money directly to the NGOs that pay for these blob-adjacent lawyers, nor will they be able to redirect money out of the DOJ, FBI, and CIA for that purpose. The president may also find a way to interrupt the flow of money from foundations financed by malign freelancers such as George Soros and Linked-in founder and billionaire Reid Hoffman (who financed the E. Jean Carroll “rape” trial hoax and many more Democratic Party pranks ).

Another friction point: release of the pardoned J-6 prisoners is being loudly opposed by DC District federal judges such as Tanya Chutkan and Amy Berman Jackson. They don’t enjoy any privilege or prerogative for voicing prejudicial opinions about vacated cases, nor for failing to comply with paperwork needed to discharge them. They can be impeached for that in the House of Representatives. Or, if they actively obstruct releases, the new-and-improved Department of Justice might consider 18 U.S.C. § 242 – Deprivation of rights under color of law.

Meanwhile, goons at the DC jail detained pardoned prisoners unlawfully this week after years of the grossest mistreatment, including solitary confinement in basement “holes” without beds, blankets, or water, and direct physical assault that could be described as “torture.” All of this was countenanced by DC Mayor Muriel Bowser, despite plentiful public reports of abuse over the past four years. That is, she knew all about it. This is an argument for finally rescinding Washington DC’s “home rule” status and placing the city and all its departments back under federal management.

Last night, Mr. Trump signed an order to declassify government files relating to the murders of the Kennedys and Martin Luther King. Of course, the intel agencies holding these files have had a half-century to expunge anything in the files that might reflect poorly on the intel agencies — such as, the long-trafficked rumor that the CIA was behind the killing of all three. Why would you expect to get anything like that? How could the remaining material be anything but a cover-your-ass file? Well, now we shall see. At some point in his first term, Mr. Trump allegedly saw what was in the files and demurred from his promise then to release them. Was it too shocking? Or was it the well-groomed nothingburger described above?

That’s not to say that there’s any shortage of weird, tantalizing documentation around all those cases, inexplicable doings. . . sketchy characters like Oswald, Jack Ruby, Howard Hunt, Clay Shaw, Sirhan Sirhan, Thane Eugene Cesar, James Earl Ray, “Raul” (Ray’s alleged “handler”), Frank Liberto, Loyd Jowers. . . . and curious circumstances like the so-called “magic bullet” that supposedly exited JFK and wounded Texas Governor Connolly, and was later found oddly intact on a stretcher in Parkland Hospital. I guess we’ll find out shortly.

Now, we await the confirmation of Mr. Trump’s cabinet. Pam Bondi’s USAG nomination was held up for a week by peevish freshman Senator Adam Schiff, after she called him out for being censured last year in the House for “reckless” statements — that is, she reminded the committee and the public that Mr. Schiff is a chronic liar. There are rumblings that he will be kicked off the Senate Judiciary Committee (maybe not such a good fit for someone incapable of telling the truth). The preemptive pardon he received last week from “Joe B” might be tested through the courts in the years just ahead. The Judiciary Committee announced that it will convene an inquiry into the whole J-6 fiasco. Do you sense that there is much to discover in that hairball of enigmatic events, hidden actions, concealed motives, and buried evidence?

All this (plus a lot I left out) and the first week isn’t even over yet!

“The purpose of a pardon is to correct a miscarriage of justice, not to prevent future judicial action.” — Dr. Joseph Sansone

James Howard Kunstler

All this (plus a lot I left out) and the first week isn’t even over yet!

For 30 years, Japan was the land where interest rates went to die.

The Bank of Japan used yield-curve control to keep long-term rates sedated. Traders joked that shorting Japanese bonds was the “widow-maker trade.”

Not anymore.

On November 20, 2025, everything changed. Quietly, but decisively.

The Bank of Japan finally pulled the plug on decades of easy money. Negative rates were removed. Yield-curve control was abandoned. The policy rate was lifted to a 17-year high.

Suddenly, global markets had to reprice something they had ignored for years.

What happens when the world’s largest creditor nation stops exporting cheap capital and starts pulling it back home?

The answer came fast. Bond yields in Europe and the United States began climbing. The Japanese yen strengthened sharply. Wall Street faltered.

The rate cut narrative is calcifying into gospel: the Fed must cut to save the consumer.

Bankrate reports that 59% of Americans cannot cover a $1,000 emergency without debt or selling something. And yet stocks are roaring, liquidity junkies are celebrating, and the top 10% now account for half of all consumer spending.

Here’s the plot twist: before 2020, consumer confidence faithfully tracked equity markets. After 2020, that relationship broke. As one analyst put it, “The poor don’t hate stocks going up. They just don’t feel it anymore.”

So when the Fed cuts rates in one of the hottest stock markets in history, who exactly benefits? Not the 59%. Not the middle. Certainly not anyone renting and watching shelter inflation devour their paycheck.

Only the late-stage dot-com fever dreams did better in recent memory — back when analysts were valuing companies by the number of mammals breathing inside the office.

For the moment, stocks appear unsinkable, unslappable, and perhaps uninsurable. But this is what generational technology shifts do: they take a kernel of genuine innovation and inflate a decade of growth into a 36-month highlight reel. We’ve seen this movie. It premiered in 1999 and closed with adults crying into their PalmPilots.

And just as the internet continued reshaping the world long after Pets.com curled up and died, AI will keep marching on whether or not today’s multiples survive a stiff breeze. The technology is real. The valuations, however, will eventually need to stop hyperventilating and sit down with a glass of water.

Wheelbarrows are not chickens. A chicken is a biological production unit. A wheelbarrow is a capital good. A wheelbarrow doesn’t produce work. But it CAN be a productivity multiplier.

And that’s how we have to think of all those GPUs the hyperscalers are spending money on. If their thesis is right, trillion in AI and data center spending now, will translate into a massive burst in productivity and new technologies in the next two decades. That is the only justification for the current valuations/multiples at which these stocks trade now.

The American poet William Carlos Williams wrote, “So much depends, upon a red wheelbarrow, glazed with rainwater, beside the white chickens.”

Today the wheelbarrow is Nvidia Green. And so much of the stock market depends on that wheelbarrow being a big enough productivity multiplier to offset $340 trillion in debt.