Last time, as you’ll recall or can just go and read about, Professor Erskine, creator of Captain America’s super soldier serum was not killed by anyone at all. Instead, the serum was made available to the US Army, giving them an advantage over all other countries which they used to make the world a better place. Ha, I kid of course. The US has conquered the Earth, with an evil racist President Steve Rogers in command. But the day might somehow be saved if Alan Moore beard Namor can save the real Captain America from being worshipped by sterotypes!
Luckily, he can! Namor quickly rescues the frozen patriotcicle before being shot in the back by Frank Castle in an Iron Man costume. Luckily for Frank, in this universe, the squad of SHIELD hunters he works for all wear black costumes with big skulls on them, It’d be a shame to lose that look. Frank and his squad are escorting Cap and Namor back to Evil Empire HQ when Cap awakens and beats everyone up. Namor explains about how America is evil now mid-fight and Cap gets REALLY mad. Then Frank realizes that he’s a horrible monster and murders his squad mates and joins with Namor and Cap.
“You killed them!” Cap says.
“I punished them.” Frank replies. “Yeah, I like the sound of that. I’m some kind of… Iron Punisher.”
“Well, we’re just gonna call you Iron Man. Also don’t kill nobody.”
“Lame.” says Frank, the smell of still-burning friend in his nostrils.
Anyway, Captain America forms the Avengers and then goes to look for some guys to add to his team because three guys ain’t great. Luckily, Cap knows some guys to help who are inexplicably still alive and not decrepit after forty years. They start by heading to British Columbia, Canada (The 57th State apparently, and fuck you, Dictatorial America by the way.) to pick up Cap’s old friend, Logan. Unfortunately, this Logan never became the popular character Wolverine. Instead, he was cursed by an ancient Indian spirit to forever transform into the giant canabalistic monster know only as… the Hulk! Okay then. Everyone fights for a while because being a cannibal monster somehow made Logan MORE ornery. Also he hates Evil President Cap.
After the mandatory tustle, the Avengers add Wolverhulkdigo to their team. Next they go to Hank Pym’s house to pick him up. Because Cap… knows about him. Somehow. Unfortunately, Hank and his totally cannonical wife are already dead but it’s okay. They’ve arrived just in time for Sam “Never Got To Be The Falcon” Wilson who just happens to be robbing the place. Good representation there, Marvel. Cap offers Sam a place on the team despite Frank’s racist arguments. I guess Frank was under the impression we were returning freedom just to White America. No, Frank. No. No. No. So Cap gives Sam Hank Pym’s giant man pills and Sam becomes what I am really pleased is not called Black Goliath. No, he’s just regular Giant Man.
With their awesome team assembled, Cap’s Avengers begin their raid on the SHIELD helicarrier. It’s really REALLY easy since Frank’s passcodes allow them to walk right in. They’re barely there for five minutes when they basically trip over a bunch of SHIELD guys torturing Thor of all people. Well, a quick rescue attempt and we’ve got our complete team. Except for any women at all but who’s counting? With the Avengers all together, Cap goes off to find Professor Erskine who is still alive and has been holding the super soldier in his head for forty plus years. Cap takes him out of his bunker, turns on the tv and shows him the horror that is America.
“Nice one.” He tells the horrified professor.
Then Evil Steve appears and yeah, he’s totally the Red Skull. He just had his conciousness beamed into a Steve Rogers clone and then had Cap and the Howling Commandos’ boat destroyed. He allowed himself to be rescued by American troops and then slowly took over the country. What an asshole. Anyway, he and Cap fight, Erskine sacrifices himself to save Cap and then Cap… kills the Skull? Maybe. Anyway, with the Skull dead(?), the Avengers press their attack on the forces of SHIELD and… they all die. Every one of them. Except then the Watcher shows up and tells us everything worked out fine. Because that is exactly what happens when the leader of a dictatorship falls with nobody to prevent more dictatorial assholes to rush in and sieze power. So good job, Avengers!