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Helene And The South Africanization Of America

Portfolio Armor's Photo
by Portfolio Armor
Friday, Oct 04, 2024 - 6:50

 

Following in the footsteps of South Africa.

Following In The Footsteps Of South Africa

A theme we've discussed here before is the extent to which America's future (barring the reversal of current trends) may come to look like South Africa's present. 

In today's guest post, our friend Kevin Dolan writes about how Hurricane Helene has exposed the extent to which America's South Africa-style collapse is already here. As Dolan points out, it's not all bad news: where government stumbles, competent, likeminded men can stand up. Before we get to Kevin's post, a brief update on our recent China posts. 

China Update

In the past week, we’ve had two exits on China trades, a 200% gain on our calls on Qifu Technologies (QFIN 0.00%↑), and an 88% gain on our X Financial (XYF 0.00%↑) shares. On Tuesday, we added two more China trades.

The third bullish bet mentioned above was on Bit Digital (BTBT 0.00%↑), whose CEO we interviewed here earlier in the week. 

Now on to Kevin Dolan's post. 

Authored by Kevin Dolan at Exit 

How To Claim The Mandate Of Heaven 

The strangest thing about talking to South Africans is how free they are. Despite their government’s Hutuist resentment and explicit racial discrimination, Afrikaners enjoy far more practical freedoms than Americans.

South African “community safety patrols” routinely use firearms to defend themselves, individually and collectively. Not only are the police not interested in stopping this — they routinely rely on community safety patrols for intelligence and tactical support against criminals.

Likewise, you would expect a community overtly segregated by European language and ancestry to face a crackdown, but Orania is thriving. The state isn’t getting any friendlier toward the white minority, but it is getting less and less competent to persecute them.

Efforts to resist the post-apartheid government with violence have been fruitless — but by quietly building capacity for pro-social ends, Afrikaners have carved out meaningful sovereignty that the South African government has neither the will nor the means to disrupt.

The decline of the state is punctuated by shocks like the 2021 riots, which reveal the incompetence of the state and allow new power structures to emerge.

Last week, Hurricane Helene exposed similar rot in USG.

After giving billions of dollars to illegal migrants, DHS Secretary Alejandro Mayorkas says FEMA is tapped — they will only provide “critical response efforts” and will not support rebuilding of the affected areas.

In the meantime, Kamala Harris says $750 checks will go to “those who truly need it”.

So Americans are left to establish their own civilian search-and-rescue and relief efforts via drone, helicopter, ATV, and donkey.

Transportation Secretary Pete Buttigieg is refusing to allow civilian aid flights into Asheville, and prohibiting civilian drone reconnaissance “so that first responders can do their job” (i.e. to prevent alternative media narratives forming around the disaster).

Civilian volunteers have been threatened with arrest for making unauthorized rescue flights. FEMA has closed waste transfer stations, and told commercial garbage hauling companies to “dump [the waste] back in people’s driveways”, with the promise that FEMA will come clean it up “over the course of the next year”.

There is some evidence that military resources are being deployed to help without official sanction.

“Opportunity lurks where responsibility has been abdicated.”

Non-state groups often win power politically, even if they are outmatched militarily, by providing services that the state will not or cannot — protecting people the state has abandoned, and punishing bureaucratic expropriation and abuse.

These institutions are almost never viewed as primarily coercive — they position themselves as providers, protectors, and guarantors of good order. Authority isn’t nakedly asserted or imposed — it flows naturally from taking credible and competent action in a power vacuum.

As the state grows increasingly incompetent (and increasingly hostile to decent people), opportunities to help are expanding, and the will to organize around parallel institutions grows.

William Gibson said, “The future is already here — it’s just not evenly distributed.” Likewise, the collapse is already here — but it will come in localized shocks like Hurricane Helene that punctuate and accelerate a secular decline.

In some ways this is good news, because it means we will have opportunities to watch, and learn, and practice — opportunities for coordination and trust to emerge over time. The people who will thrive in this new reality will be those who learn fastest — who build a tribe and make themselves useful.

EXIT is building for our grandkids. We are connecting competent and values-aligned people to create the intelligence and resource networks that will carry our families through the decline, and equip them to build for what comes after. Join us at exitgroup.us.

Helping Out The Victims Of Hurricane Helene

Multiple knowledgeable accounts on X have recommended Samaritan's Purse as a charity doing real work to help the victims of Hurricane Helene. I have donated to them myself. You can do so as well if you like by clicking on the image below. 

 

If you'd like to stay in touch

You can follow Kevin Dolan on X here, read his Substack here, and check out his EXIT group here. 

You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website. You can also follow Portfolio Armor on X here, or become a free subscriber to our trading Substack using the link below (we're using that for our occasional emails now).

And you can hedge your long positions using our optimal hedging app. 

Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.
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