Many people will wonder what historical parallels are best for modern America.

In particular, what historical events are reminiscent of the 6 January Trump Riot at the US Capitol. Frighteningly, the apparent parallels for those events include some of history’s worst bloodbaths and the fall of some Republics.

Unfortunately, ignorant Americans will ignore some of the most telling historical parallels and take the simple path of comparing everything to Nazi Germany. I think there are better historical analogies for the danger America faces than Hitler’s barbarism.

Four ominous parallels for modern America include Pinochet’s Chile, the Spanish Civil War, the French Revolution, and the Roman Republic. I will examine these frightening parallels in the order of the events I consider most appropriate. …

America could face a constitutional crisis, or crisis of governance, and few people realize it.

To elaborate, there are superficial similarities between the present civil unrest in America and the situation that led to the Constitutional Convention in the 1780s. In fact, 6 January 2021 was not the first time a mob attacked Congress.

On June 20, 1783, a mob of 400 soldiers from George Washington’s Continental Army surrounded Philadelphia’s Independence Hall where the Continental Congress was meeting. The soldiers were demanding back pay, which Congress did not have.

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Fortunately, the soldiers allowed Congress to leave and reconvene in Princeton, New Jersey. Eventually, soldiers from the Continental Army put down the Pennsylvania Mutiny. However, the mutiny marked the beginning of a wave of civil unrest that led to the Constitutional Convention in 1787. …

Participants in the 6 January attack on the US capitol could have received 28.15 Bitcoin (BTC) from a mysterious French computer programmer, Chainalysis alleges.

On 8 December 2021, 28.15 BTC, worth $938,428.11 on 22 January 2021, were sent to 22 addresses in the United States, Chainalysis Insights claims. Most of those addresses belong to far-right activists and internet personalities, Chainalysis alleges.

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For instance, Chainalysis claims podcaster Nick Fuentes, an alleged white nationalist, received Bitcoin (BTC) worth $450,045.45 on 22 January 2021. Fuentes was seen at the Capitol on 6 January but claims not to have entered the building or participated in the attack. Other alleged recipients include the VDARE Foundation which operates VDARE.com

Strangely, IBM (NYSE: IBM); a company many investors dismiss as a dinosaur could be the best investment in cloud-computing.

IBM (IBM) is leveraging Red Hat’s Linux expertise to become a leader in multicloud applications, ZDNet’s Larry Dignan speculates. Multicloud is the use of multiple cloud-computing and storage services to host applications and store data in a single architecture.

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IBM’s mutlicloud solutions run can run an app or platform on Amazon Web Services (AWS), Microsoft Azure, and the Google Cloud Dignan claims. Moreover, IBM is accumulating cloud-consulting expertise through acquisitions.

Note I think IBM’s most valuable subsidiary is Red Hat. To explain, Red Hat makes IBM a leader in Linux and open-sourced solutions. Hence, IBM has expertise in the world’s most popular open-sourced operating system Linux. Using open-source makes it easy for IT professionals to install Red Hat and IBM solutions on several clouds at once. …

Many investors bet that America’s income inequality will get worse. For example, First Republic Bank’s share price rose from $118.18 on 17 January 2020 to $155.59 on 20 January 2021.

Moreover, Mr. Market paid $163.30 for First Republic Bank (NYSE: FRC) on 12 January 2021. I think income inequality is driving First Republic’s share price because First Republic is a wealth management company.

Specifically, First Republic (FRC) offers personal banking, business banking, and private wealth management services to high-net worth individuals; a popular euphemism for rich people. …

Many members of the Donald J. Trump (R-Florida) administration will need new jobs soon.

Trump will soon leave office and news reports indicate his company, the Trump Organization could soon be bankrupt. Hence, members of the Trump family and many Trump retainers will need to go to work for the first time in their lives.

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Image by Tibor Janosi Mozes from Pixabay

We at Lists of Doom want to help these people and mock them. Therefore we have a list of new jobs and roles for them.

New Roles for Trump Administration Members

  1. Ex-President Donald J. …

Johnson & Johnson (NYSE: JNJ) could become the third company to release a coronavirus vaccine in the United States.

The Johnson & Johnson. or J&J, shot, is one of two COVID-19 vaccines the Food & Drug Administration (FDA) could approve for the US in February or March, Politico speculates. The results of J&J’s late stage US trial could be available in late January, which can make FDA approval more probable, Moncef Slaoui says. Slaoui heads the federal government’s coronavirus vaccine development program, Operation Warp Speed.

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If claims about it are true, Johnson & Johnson’s COVID-19 vaccine could be superior to Pfizer (PFE) and Moderna (MRNA) products. To explain, they need to store the Moderna and Pfizer vaccines at very low temperatures. …

The year 2021 could see the end of the US dollar’s reign as the world’s reserve currency.

A reserve currency is the fiat currency central banks and corporations use for international transactions. The US dollar became the reserve currency when America emerged as the world’s dominant power during World War II.

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The dollar could collapse because a reserve currency requires three attributes America could lack. Those attributes are:

1. Issued by a militarily dominant power.

2. Issued by the largest and most influential economy.

3. Issued by a stable country with a stable government.

The United States is a militarily dominant power, but military power is not that important in today’s world. Remember, there has not been a great power war since 1945 and the existence of nuclear weapons makes great power conflict improbable. …

The 6 January 2021 Trump Riot at the US Capitol illustrates the genuine dangers of authoritarianism that mob rule generates.

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The greatest danger from the riot is not the mob of childish cosplayers; nor their buffoonish leader, but our response to the violence. History shows there are two responses to such outbursts that can increase the danger.

First, we can pretend nothing has changed and we can continue business as usual. Frighteningly, this is the response brain-dead politicians; such as US Representative Ken Buck (R-Colorado), favor.

The Do Nothing Danger

Instead of inquiring into the violence’s cause, or strengthening defenses, Buck repeats culture war clichés. Incredibly, Buck blames Madonna, Robert De Niro, and Kathy Griffin for the violence in a 13 January response to Democratic impeachment efforts. …

The concept of the Sunk Cost Fallacy explains many of history’s greatest catastrophes, including World War I, the British Empire, and Communism.

People “commit the Sunk Cost Fallacy when they continue a behavior or endeavor as a result of previously invested resources,” Behavioral Economics observes. Factors that drive the sunk cost fallacy include fear of loss, tradition, patriotism, ideology, loyalty towards institutions or people, history, and commitments.

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A classic example of the sunk cost fallacy is a fan who supports his team through many losing seasons. …

About

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.

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