East Palestine, Ohio and the Oligarchy

Posted on March 20, 2023 by Reid Mukai

By Margaret Kimberley

A freight train derailment brought environmental catastrophe to a small Ohio town. While the circumstances are somewhat unique, events followed a predictable pattern in a country run by and for the ruling class.

The U.S. is an oligarchy. Stating this fact explains events that may seem mysterious if this simple truth is not spelled out. The ruling class are fully in control and ensure that their needs are met. They disregard the public good and any claims of democracy are easily exposed as a cruel hoax. Americans have no representation in congress or the white house and the corporate media are also part of the oligarchic class. They expose nothing that their partners in crime want to hide. Governmental action and inaction if the wake of a freight train derailment exemplify all of these dynamics.

On February 3, 2023 a 150-car Norfolk Southern freight train derailed in East Palestine, Ohio near the Pennsylvania border. Twenty of those cars were carrying chemicals such as vinyl chloride, butyl acrylate, ethylene glycol, isobutylene, and ethylhexyl acrylate. One doesn’t need to be a scientist to figure out that none of these should be in the air or water.

Despite photographic and video evidence of an environmental catastrophe, the accident initially received little media attention. Nothing is covered unless the Biden administration wants it to be and East Palestine didn’t make the cut when there was war propaganda about Ukraine to stir up. In addition, Biden had already made clear that the railroads are in the class of corporate untouchables who are to be placated. They are among those who were promised that “nothing would fundamentally change” and he kept his promise to them by giving the derailment little attention. However he did give these corporations all the attention they demanded.

When railroad unions rejected a contract that didn’t include paid sick leave provisions the Biden administration forbade them to strike. There was a phony show among “progressives” about having made a good deal but they were lying. Barack Obama excluded the railroads from a requirement that federal contractors provide paid sick leave. Biden could have issued an executive order changing that policy. But he had no intention of doing anything that might upset the oligarchs, and the Democratic Party succeeded in presenting a false narrative.

Pete Buttigieg is Secretary of the Department of Transportation (DOT), and is responsible for overseeing railroad safety. But he has made it clear that he follows his boss’s dictate to change nothing that would upset their oligarchic bosses.

As DOT Secretary, Buttigieg has the ability to regulate corporations such as airlines in regard to their public service. When a series of Southwest airlines snafus left thousands of passengers stranded during the holiday season, Buttigieg made a great show of saying his hands were tied. Of course he is the one person who can direct the airlines or levy large fines. Buttigieg was a no-show when the people needed him to act.

It took Buttigieg three weeks to show up in East Palestine and he only did so after Donald Trump visited. The town residents may have been better off without him. When he arrived he whined about railroad companies, “fighting us every time we try to do a regulation.” It is hard to believe that Buttigieg makes any effort to fight back when corporate chieftains tell him what to do.

The duopoly worked together to cover up their mess. Ohio’s republican governor Mike DeWine and Biden’s EPA Administrator Michael Regan took a page out of Barack Obama’s Flint, Michigan book by dramatically drinking East Palestine water . Fortunately the U.S. still has plenty of lawyers, and one of many lawsuits filed in recent days specifically names the stunt as having made a “mockery of Ohio citizens.”

The back and forth over freight train regulations isn’t complicated. Trump undid regulations that Obama enacted but Biden didn’t undo what Trump had done. But even worse, regulations currently on the books allowed Norfolk Souther to get away with not labeling the train as carrying hazardous materials because it also carried wheat and vegetables. All over the country trains go through residential areas carrying hazardous materials but the law doesn’t require anyone to be informed of the dangers. And yes, the oligarchs like it that way.

The Biden administration is siding with Norfolk Southern in a case before the Supreme Court . A worker claims to have developed cancer as a result of exposure to carcinogens without having had the proper protective equipment. Norfolk Southern wants to restrict plaintiffs from choosing the venue in which they file suits, a practice known as forum shopping. Corporations are the biggest proponents of forum shopping, for themselves, but want to restrict where they can be sued. The Biden administration filed a brief in favor of Norfolk Southern. It doesn’t matter if the presidents are democrats or republicans, at the end of the day they end up doing what the oligarchs want.

Next year in 2024 the people will be subjected to the quadrennial political hoax, i.e., a presidential election. Let’s tell the truth before the theater begins anew. The power doesn’t rest with the presidency. It rests with the people who do the presidential hiring, and they don’t care about railroad workers or any other workers or people who have hazardous chemicals traveling through their communities. Should an accident happen, their hirelings will just drink water for the camera.

Showdown in Ukraine

Posted on March 16, 2023 by Reid Mukai

Hobbled US Turns to War to Preserve its Waning Primacy

By Mike Whitney

Source: The Unz Review

The future of humanity will be decided on a battlefield in Ukraine. That’s no exaggeration. The conflict between the United States and Russia will determine whether global economic integration will expand within an evolving multi-polar system or if the “rules-based order” will succeed in crushing any opponent to its Western-centric model. This is what’s taking place in Ukraine today, in fact, all of the recent government-prepared documents related to national security identify Russia and China as the greatest threats to US hegemony. For example, take a look at this brief clip from the 2021 Congressional Research Service Report titled Renewed Great Power Competition: Implications for Defense—Issues for Congress:

The U.S. goal of preventing the emergence of regional hegemons in Eurasia… is a policy choice reflecting two judgments: (1) that given the amount of people, resources, and economic activity in Eurasia, a regional hegemon in Eurasia would represent a concentration of power large enough to be able to threaten vital U.S. interests….

From a U.S. perspective on grand strategy and geopolitics, it can be noted that most of the world’s people, resources, and economic activity are located not in the Western Hemisphere, but in the other hemisphere, particularly Eurasia. In response to this basic feature of world geography, U.S. policymakers for the last several decades have chosen to pursue, as a key element of U.S. national strategy, a goal of preventing the emergence of regional hegemons in Eurasia.” (“Renewed Great Power Competition: Implications for Defense—Issues for Congress”, US Congress)

That sums up US foreign policy in a nutshell; “prevent the emergence of a regional hegemon” at all cost. Now check out this summary of the 2022 US National Defense Strategy by Andre Damon at the World Socialist Web Site:

These documents, which were not seriously discussed in the US media, make clear the fundamental falsehood that the massive US military buildup this year is a response to “Russian aggression.” In reality, in the thinking of the White House and Pentagon war planners, the massive increases in military spending and plans for war with China are created by “dramatic changes in geopolitics, technology, economics, and our environment.”

These documents make clear that the United States sees the economic rise of China as an existential threat, to be responded to with the threat of military force. The United States sees the subjugation of Russia as a critical stepping stone toward the conflict with China.” (“Pentagon national strategy document targets China”, Andre Damon, World Socialist Web Site)

These two excerpts are by no means a comprehensive summary of US foreign policy objectives, but they are a pretty effective thumbnail sketch. Bottom line: The war in Ukraine is not about Ukraine. America’s clearly articulated strategic objectives are as follows: To weaken Russia, topple its leader, take control of its vast natural resources and move on to containing China. Simply put, Washington’s escalating aggression in Ukraine is a Hail Mary pass aimed at containing emerging centers of economic power in order to preserve its waning position in the global order.

This is the geopolitical chess match that is being played behind the cover of “a war against Russia’s unprovoked aggression.” People should not be hoodwinked by that absurd deception. This war was concocted as a desperate attempt for the United States to defend its flickering global hegemony. That’s what Ukraine is really all about. It’s a clash between the warmongering western oligarchs who have a stranglehold on the US media and political establishment and the emerging economies that are using the market system to link their resources and manufactured goods to countries around the world through “high-speed” infrastructure and cooperative development.

So, the question everyone must ask themselves is this: Do you want to see more economic integration, lower prices, more shared prosperity and less war or another 80 years of onerous and arbitrary sanctions, color-coded revolutions, regime change operations, genocidal interventions and bioweapon warfare (Covid-19)? Which do you want?

Perhaps, you are one of the millions of Americans who believe that China is an enemy of the United States. Perhaps, you are also unaware of the role the US played in creating modern China. Here’s a question for you: Did the US and western corporations move their operations en masse to China to escape the high costs of production in the US?

answer– Yes, they did.

And, did they betray US workers because they didn’t want a fair wage to interfere with their excessive profit-making?

answer– Yep.

And, did they offshore their businesses, outsource their product manufacturing and do everything in their power to make themselves winners while robbing American workers of the opportunity of making a decent wage so they could put food on the table?

answer– They sure did.

Then who is actually responsible for the rise of China?

answer– Western corporations are responsible. If Americans want to blame someone, blame them!

But now the corporate mandarins and other elites are unhappy with China because China will not allow them to take control over their markets, financial system and currency as they have in America. So now these same cutthroat corporations want us to fight a war with the monster that they created?

Can you see that? Can you see that the relentless provocations against China have nothing to do with US national security or US interests. We are being led by the nose to fight and die for the cadres of voracious western oligarchs who have settled on China as the next target of their grand looting operation.

But let’s forget the past for a minute and focus on the future, after all, that’s what really matters, right?

Well then, which country has a more “positive vision” for the future: China or the United States?

Have you ever heard of China’s Belt and Road Initiative, the massive, multi trillion-dollar infrastructure plan that is the centerpiece of China’s foreign policy? It is the biggest infrastructure program in history and more 150 countries have invested in the plan already. It is a development-oriented project aimed at increasing connectivity through high-speed rail, shipping lanes and ports, skyscrapers, railroads, roads, bridges, airports, dams, power stations, and railroad tunnels. By increasing the speed of travel, China’s products and merchandise will get to markets faster generating greater prosperity for itself and for the other countries involved. And, keep in mind, the BRI will link countries around the world in a high-speed system that will not require its participants to follow a specific economic model dictated by Beijing. In other words, the Belt and Road Initiative is free market economics without the politics. It’s a “win-win” situation for everyone, a guarantee of mutual prosperity absent political manipulation, coercion or exploitation.

The venal oligarchs that run the US can’t even imagine a project of this scale or potential. In fact, they can’t even pony-up enough money to keep the trains on the rails in America. The profits these billionaire parasites extract from their activities invariably come from stock buybacks, tax evasion, and other sleight-of-hand, debt-layering ponzi-scams that benefit no one and merely shift more of the nation’s wealth into their own bulging bank accounts. Of course, ripping off the country would be bad enough, but now we see how this same class of miscreants have settled on public health as a means for amplifying their political power so they can impose repressive, police-state measures that greatly curtail the freedom of the entire population. In short, they want absolute social control and they aren’t going to let-up until they get it.

Where is the “positive vision” in this behavior?

There isn’t one. America used to be a country of ideas, ideals and vision. Now it is an oligarch-run detension center in which all hope for the future has been ruthlessly extinguished by a handful of mercenary billionaires.

At least, in the case of China, we can imagine a better, more prosperous world that is interconnected and more accessible to everyone. But what about the United States? Are we supposed to believe that fighting a war in eastern Europe is going to improve our lives? Are we supposed to believe that the only way “we can stay on top” is by pushing everyone else down? Are we expected to hate China and Russia even while our own government demonizes 80 million of us for voting for the wrong presidential candidate or for not supporting the terrorists who burn and loot our cities or for believing that the people in East Palestine are more deserving of our support and assistance than the Nazi stormtroopers in Kiev?

The fact is, our leaders cannot imagine devoting public resources to a giant interconnected infrastructure project like BRI, because that would mean less lucre for themselves. So, they’ve decided to destroy it just like they destroyed Nord Stream. Just read the press reviews on this groundbreaking project. Western journalists can’t find a ‘good word’ to say about it. A vast area in the center of America was fiendishly nuked with vinyl chloride, butyl acrylate and isobutylene, but the western media would rather criticize China’s ambitious BRI project than hold their paymasters accountable. Go figure.

The same rule applies to Russia. The Biden team and their wealthy allies don’t want closer relations between Germany and Russia because closer relations mean more prosperity for both countries, and Washington can’t have that, which is why they blew up the pipeline that was Germany’s lifeline to cheap fuel. That’s how Washington solved the problem. It pushed Germany and Russia down so the US could remain on top. Who doesn’t see this?

In contrast, the Belt and Road Initiative provides a positive vision for the future, which is an idea that the majority of the world supports. It puts us on a path to an interconnected world in which people can raise their standards of living, make a meaningful contribution to their communities, and enjoy their own culture and traditions without fear of being sanctioned, incarcerated or bombed to death. This is an excerpt from China’s Global Times:

The China-proposed Belt and Road Initiative (BRI) has already become a well-received international public good and an important platform for international cooperation…

“BRI transcends the outdated mentality of geopolitical games, and created a new model of international cooperation. It is not an exclusive group that excludes other participants but an open and inclusive cooperation platform. It is not just China’s solo effort, but a symphony performed by all participating countries….

Since the Belt and Road Initiative (BRI) was proposed in 2013, the initiative has always been development-oriented, and consistent efforts have been made to ensure that it is high-standard, sustainable and people-centered….

By August, China’s goods trade with countries participating in the BRI had reached around $12 trillion and the country’s non-financial direct investment in those countries surpassed $140 billion. … By the end of 2021, Chinese enterprises had invested $43 billion in the construction of economic and trade cooperation zones in BRI countries, creating more than 340,000 local jobs, official data showed…

China is open to other countries’ and regions’ participation in the BRI and is considering connecting with infrastructure initiatives proposed by other nations to provide more good-quality public goods for the world…. China hopes to join hands with all partners to advance the high-quality development … stressing that China aims to strive for global connection rather than fragmentation, for mutual opening-up rather than shutting doors, for mutual integration rather than zero-sum games. (“BRI remains open, inclusive for all, transcends the outdated mentality of geopolitical games“, Global Times)

What is the American-led project that rivals the Belt and Road Initiative?

There isn’t one. The US allocates over $1 trillion per year for lethal weaponry and war-making, and trillions more to bail out the Wall Street banksters, and trillions more to shut down all the businesses across the country that were forced to comply with the diktats of billionaire elites who wanted to inject the population with their toxic slurry, but zero for any global infrastructure project that would peacefully bring the world’s people closer together through commerce and recreation.

No one is saying that China is perfect, at least, I’m not. Nor do I want to live in China. I don’t. I’m an American and I plan to die here.

But I’m not blind. It’s easy to see that this war with Russia has nothing to do with “unprovoked aggression.” That is merely a smokescreen that’s being used to conceal the real objective, which is to preserve America’s global hegemony. What we need to do now, is honestly analyze ‘what is happening’; try to understand ‘why it is happening’, and, then, figure out what the outcome will be if the United States prevails. In other words, do we want to perpetuate an oligarch-controlled system that crushes Russia, contains China, starves Europe of the energy it needs, sabotages the Belt and Road infrastructure plan and reinforces the same failed policies that brought us Afghanistan, Libya, Syria and Iraq?

Do we want that? Do YOU want that?

The American people want their government to cooperate with other nations in order to create a more prosperous and peaceful world. They don’t want a new world order and they certainly don’t want a Third World War.

Why the Banking System Is Breaking Up

Posted on March 15, 2023 by Reid Mukai

By Michael Hudson

Source: The Unz Review

The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse of supporting shelving is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year bonds. Bank depositors meanwhile were still being paid only 0.2 percent on their deposits. That has led to a steady withdrawal of funds from banks – and a corresponding decline in commercial bank balances with the Federal Reserve.

Most media reports reflect a prayer that the bank runs will be localized, as if there is no context or environmental cause. There is general embarrassment to explain how the breakup of banks that is now gaining momentum is the result of the way that the Obama Administration bailed out the banks in 2008 with fifteen years of Quantitative Easing to re-inflate prices for packaged bank mortgages – and with them, housing prices, along with stock and bond prices.

The Fed’s $9 trillion of QE (not counted as part of the budget deficit) fueled an asset-price inflation that made trillions of dollars for holders of financial assets – the One Percent with a generous spillover effect for the remaining members of the top Ten Percent. The cost of home ownership soared by capitalizing mortgages at falling interest rates into more highly debt-leveraged property. The U.S. economy experienced the largest bond-market boom in history as interest rates fell below 1 percent. The economy polarized between the creditor positive-net-worth class and the rest of the economy – whose analogy to environmental pollution and global warming was debt pollution.

But in serving the banks and the financial ownership class, the Fed painted itself into a corner: What would happen if and when interest rates finally rose?

In Killing the Host I wrote about what seemed obvious enough. Rising interest rates cause the prices of bonds already issued to fall – along with real estate and stock prices. That is what has been happening under the Fed’s fight against “inflation,” its euphemism for opposing rising employment and wage levels. Prices are plunging for bonds, and also for the capitalized value of packaged mortgages and other securities in which banks hold their assets on their balance sheet to back their deposits.

The result threatens to push down bank assets below their deposit liabilities, wiping out their net worth – their stockholder equity. This is what was threatened in 2008. It is what occurred in a more extreme way with S&Ls and savings banks in the 1980s, leading to their demise. These “financial intermediaries” did not create credit as commercial banks can do, but lent deposits out in the form of long-term mortgages at fixed interest rates, often for 30 years. But in the wake of the Volcker spike in interest rates that inaugurated the 1980s, the overall level of interest rates remained higher than the interest rates that S&Ls and savings banks were receiving. Depositors began to withdraw their money to get higher returns elsewhere, because S&Ls and savings banks could not pay higher their depositors higher rates out of the revenue coming in from their mortgages fixed at lower rates. So even without fraud Keating-style, the mismatch between short-term liabilities and long-term interest rates ended their business plan.

The S&Ls owed money to depositors short-term, but were locked into long-term assets at falling prices. Of course, S&L mortgages were much longer-term than was the case for commercial banks. But the effect of rising interest rates has the same effect on bank assets that it has on all financial assets. Just as the QE interest-rate decline aimed to bolster the banks, its reversal today must have the opposite effect. And if banks have made bad derivatives trades, they’re in trouble.

Any bank has a problem of keeping its asset valuations higher than its deposit liabilities. When the Fed raises interest rates sharply enough to crash bond prices, the banking system’s asset structure weakens. That is the corner into which the Fed has painted the economy by QE.

The Fed recognizes this inherent problem, of course. That is why it avoided raising interest rates for so long – until the wage-earning bottom 99 Percent began to benefit by the recovery in employment. When wages began to recover, the Fed could not resist fighting the usual class war against labor. But in doing so, its policy has turned into a war against the banking system as well.

Silvergate was the first to go, but it was a special case. It had sought to ride the cryptocurrency wave by serving as a bank for various currencies. After SBF’s vast fraud was exposed, there was a run on cryptocurrencies. Investor/gamblers jumped ship. The crypto-managers had to pay by drawing down the deposits they had at Silvergate. It went under.

Silvergate’s failure destroyed the great illusion of cryptocurrency deposits. The popular impression was that crypto provided an alternative to commercial banks and “fiat currency.” But what could crypto funds invest in to back their coin purchases, if not bank deposits and government securities or private stocks and bonds? What is crypto, ultimately, if not simply a mutual fund with secrecy of ownership to protect money launderers?

Silicon Valley Bank also is in many ways a special case, given its specialized lending to IT startups. New Republic bank also has suffered a run, and it too is specialized, lending to wealthy depositors in the San Francisco and northern California area. But a bank run was being talked up last week, and financial markets were shaken up as bond prices declined when Fed Chairman Jerome Powell announced that he actually planned to raise interest rates even more than he earlier had targeted, in view of the rising employment making wage earners more uppity in their demands to at least keep up with the inflation caused by the U.S. sanctions against Russian energy and food and the actions by monopolies to raise prices “to anticipate the coming inflation.” Wages have not kept pace with the resulting high inflation rates.

It looks like Silicon Valley Bank will have to liquidate its securities at a loss. Probably it will be taken over by a larger bank, but the entire financial system is being squeezed. Reuters reported on Friday that bank reserves at the Fed were plunging. That hardly is surprising, as banks are paying about 0.2 percent on deposits, while depositors can withdraw their money to buy two-year U.S. Treasury notes yielding 3.8 or almost 4 percent. No wonder well-to-do investors are running from the banks.

The obvious question is why the Fed doesn’t simply bail out banks in SVB’s position. The answer is that the lower prices for financial assets looks like the New Normal. For banks with negative equity, how can solvency be resolved without sharply reducing interest rates to restore the 15-year Zero Interest-Rate Policy (ZIRP)?

There is an even larger elephant in the room: derivatives. Volatility increased last Thursday and Friday. The turmoil has reached vast magnitudes beyond what characterized the 2008 crash of AIG and other speculators. Today, JP Morgan Chase and other New York banks have tens of trillions of dollar valuations of derivatives – casino bets on which way interest rates, bond prices, stock prices and other measures will change.

For every winning guess, there is a loser. When trillions of dollars are bet on, some bank trader is bound to wind up with a loss that can easily wipe out the bank’s entire net equity.

There is now a flight to “cash,” to a safe haven – something even better than cash: U.S. Treasury securities. Despite the talk of Republicans refusing to raise the debt ceiling, the Treasury can always print the money to pay its bondholders. It looks like the Treasury will become the new depository of choice for those who have the financial resources. Bank deposits will fall. And with them, bank holdings of reserves at the Fed.

So far, the stock market has resisted following the plunge in bond prices. My guess is that we will now see the Great Unwinding of the great Fictitious Capital boom of 2008-2015. So the chickens are coming hope to roost – with the “chicken” being, perhaps, the elephantine overhang of derivatives fueled by the post-2008 loosening of financial regulation and risk analysis.

Was the Pentagon and CIA Behind the COVID-19 Pandemic?

Posted on March 13, 2023 by Reid Mukai

By Jeremy Kuzmarov

Souce: Covert Action

Bioterrorism expert and whistleblower alleges that CIA secretly collaborated in supporting unethical gain of function research that resulted in the manufacture of the COVID-19 virus, which was then leaked from the Wuhan Institute of Virology.

Dr. Andrew G. Huff is an Iraq War veteran and infectious disease epidemiologist with a Ph.D. from the University of Minnesota who, in September 2014, went to work for EcoHealth Alliance, an NGO that received over $118 million in grants from federal agencies whose mission was to protect the public from infectious diseases.

In a new book, The Truth About Wuhan: How I Uncovered the Biggest Lie in History (New York: Skyhorse Press, 2022), Huff claims that his boss at EcoHealth Alliance, Dr. Peter Daszak, was working with the CIA and that beginning in 2012, he oversaw the development of the biological agent known as SARS-CoV-2 that results in the disease COVID-19.

The development occurred through gain-of-function research funded by the United States Agency for International Development (USAID) and the National Institutes of Health (NIH).^[1]

According to Huff, Dr. Daszak and Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases from 1984 until his retirement in December 2022, along with other colleagues, “behaved like a pseudoscience mafia entrenched in the halls of the medical military industrial complex.”^[2]

They not only engineered the COVID-19 pandemic but “criminally conspired to smear” anyone who did not support their narrative—including Huff who was subjected to a campaign of FBI surveillance and harassment that nearly resulted in his death.

Engineering a Deadly Virus—and a Vaccine to Allegedly Combat It

One of the first tasks that Dr. Huff undertook while working at EcoHealth Alliance was to review an NIH proposal titled “Understanding the Risk of Bat Coronavirus Emergence,” written by Dr. Daszak with Zhengli Shi of the Wuhan Institute of Virology (WIV) and some other scientists.

The study had the support of “the grandfather of Gain-of-Function research,” Dr. Ralph Baric, a virologist at the University of North Carolina’s Gillings School of Public Health, which ranks third in NIH funding. (According to Huff, “Fauci has been [the school’s] de facto Don for decades.”^{^[3]})

The proposal advocated for studying people in rural China who may have come into contact with bats that spread the Coronavirus among humans and to screen for the virus with the goal of being able to better predict Coronavirus transmission. It further aimed to develop new Coronavirus strains and perform experiments that would enhance the ability of bat coronavirus to infect human cells and laboratory animals using techniques of genetic engineering.^[4]

This study fit the definition of Gain-of-Function research, whose aim is to “purposefully enhance the pathogenicity, infectivity, virulence, survivability or transmissibility of an infectious agent,” as Huff defines it, or put more simply, “make an infectious agent more dangerous.”^[5]

On October 17, 2014, the Obama administration declared a moratorium on Gain-of-Function research related to influenza, Middle East respiratory syndrome (MERS) and severe acute respiratory syndrome (SARS) after an accident at the U.S. Center for Disease Control and Prevention (CDC).

Dr. Fauci subsequently outsourced the Gain-of-Function research to China’s Wuhan lab and licensed the lab to continue receiving U.S. government funding. The moratorium on Gain-of-Function research was lifted by the Trump administration in December 2017, and Dr. Fauci sent $3.7 million from the National Institute of Allergy and Infectious Diseases to the Wuhan Institute of Virology to restart the coronavirus bat project.

By trying to make bats capable of infecting human cells, Huff came to believe that his employer was involved not only in unethical Gain-of-Function but also bioweapons research. Its end result was “the creation of SARS-CoV-2,” which “causes the disease known as COVID-19.”^{^[6]}

According to Huff, the infectious agent SARS-CoV-2 and the COVID-19 mRNA vaccine—which Huff characterizes as gene therapy—were co-developed under the same research program.^[7]

Huff writes that EcoHealth Alliance used Dr. Baric’s work for testing experimental vaccines, treatments and therapeutics against the newly engineered SARS-CoV-2 strain years before COVID-19 was known to the public to determine which countermeasures would be most effective at mitigating the disease in humanized mice.^[8]

EcoHealth Alliance Rebuttal

Upon publication of The Truth About Wuhan, EcoHealth Alliance issued a statement asserting that “Andrew Huff is entitled to his own opinions, but not his own facts.” According to EcoHealth Alliance, the actual truth about Wuhan is:

1) Mr. Huff was employed by the EcoHealth Alliance from 2014 to 2016. However, reports that he worked at or with the Wuhan Institute of Virology during that time are untrue. He was assigned to a completely different project working on computer-based algorithms to assess emerging disease threats.

2) Mr. Huff alleges that EcoHealth Alliance was engaged in Gain-of-Function research to create SARS-CoV-2. This is not true.

3) Mr. Huff makes a number of other speculations and allegations about the nature of the collaboration between EcoHealth Alliance and the Wuhan Institute of Virology. Given that he never worked at or with the Wuhan Institute of Virology, his assertions along these lines cannot be trusted.

4) Mr. Huff claims that SARS-CoV-2 emerged as a lab leak from the Wuhan Institute of Virology based on research conducted there on bat coronaviruses and, further, that this research was related to U.S. intelligence gathering efforts. This is not true.

The EcoHealth Alliance statement went on to quote from Dr. Francis Collins, then director of the NIH, who said in December 2021 that “analysis of published genomic data and other documents from the grantee demonstrate that the naturally occurring bat coronaviruses studied under the NIH grant are genetically far distant from SARS-CoV-2 and could not possibly have caused the COVID-19 pandemic. Any claims to the contrary are demonstrably false.”

The EcoHealth Alliance statement continued: “The scientific evidence to date indicates that the virus is likely the result of viral evolution in nature, potentially jumping directly to humans or through an unidentified intermediary animal host. Historically, many viruses have emerged from animals to cause epidemics and pandemics, including influenza, Ebola, Zika, West Nile fever, SARS, and more. Importantly, after an intensive investigation, agencies in the U.S Intelligence Community agreed that the virus was not developed as a biological weapon and most agencies assessed that SARS-CoV-2 most likely was not genetically engineered.”

Higher Hand?

A key qualifier in this latter statement is “most,” which leaves the possibility that some assessed otherwise. In a one page summary, the intelligence community, which was asked to assess the origins of COVID-19 by the Biden administration, made clear that it could not rule out the possibility that SARS-CoV-2 (the virus that causes COVID-19) emerged from a laboratory.

Sampling by Chinese authorities of animals in Wuhan wet markets and in the wild significantly found not a single wild animal harboring the SARS-CoV-2 virus, with Wuhan being 1,000 miles away from the nearest wild bats that carry the type of SARS-related coronaviruses that caused the pandemic.

A small group of virologists queried by the NIH in February, 2020 told the NIH leadership that SARS-CoV-2 might have arisen from laboratory research, noting that the virus has “unusual features that virologists in the U.S. have been using in experiments for years–often with support from the NIH.”

These unusual features include a sequence of eight amino acids identical to those found in cells that line human airways, according to Columbia University Professors Jeffrey Sachs and Neil Harrison, indicating that the virus could have been genetically manufactured from humans in a laboratory.

Suspiciously, Huff discovered that someone edited the NIH proposal after it was submitted on April 15, 2014; he also observed heavy micromanagement of the project by USAID personnel, U.S. Embassy staff, and other employees of the State Department.^[9]

A leading subcontractor was Metabiota, which was partially owned by Rosemont Seneca, a venture capital firm partially owned by Hunter Biden and the CIA’s venture capital firm In-Q-Tel, which invests in companies that make technology of national security interest.^[10]

Huff concluded that EcoHeath Alliance was in the business of collecting intelligence on foreign laboratories and personnel while involved in the development of the Coronavirus. Dr. Daszak even told him that the CIA had approached him and was interested in “the places we’re working, the people that we are working with, and the data that we are collecting.”^[11]

The CIA had in the past been involved in cultivating deadly viruses as bioweapons at the secret U.S. Army facility at Fort Detrick, Maryland, and history appeared to be repeating itself.

EcoHealth Alliance Executive Vice President William Karesh was linked directly to the top of the U.S. bio-defense establishment as a member of an Administration for Strategic Preparedness and Response (ASPR) blue-ribbon panel on bio-defense.^[12]

Huff points out that, traditionally, bioweapons are released to demoralize, incapacitate or force the use of vast medical resources in treating the wounded, and this all could be a motive for the alleged leak of the coronavirus after its manufacture at the Wuhan lab.

According to Huff, Pfizer and Moderna could make billions of dollars from the vaccine, and the global economic and political elite could advance their idea of the “Great Reset” in which they would further empower large corporations in an environment where the public was too bewildered to fight back.

COVID as Global Coup d’État

The latter is the scenario advanced by Michel Chossudovsky in his new book, The Worldwide Corona Crisis: Global Coup D’état Against Humanity: Destroying Civil Society, Engineered Economic Depression (Montreal, Canada: Global Research Publishers, 2022).

An economist at the University of Ottawa, Chossudovsky is President and Director of the Center for Research on Globalization (CRG), which runs the website globalresearch.ca that has published important cutting edge articles challenging the official narrative about COVID-19.

According to Chossudovsky, the COVID-19 pandemic has resulted in a de facto coup d’état by the billionaire class, which spread panic among the population so they would suspend rational judgment and sign away their civil liberties with the imposition of medically unnecessary lockdowns, distancing and masking requirements, and vaccine passports.

Chossudovsky writes that “the Coronavirus provides a pretext and justification to powerful financial interests and corrupt politicians to precipitate the entire world into a spiral of mass unemployment, bankruptcy, extreme poverty and despair…Entire national economies have been placed in jeopardy, martial law was declared in some cases, and all aspects of love and life were banned.”

According to Chossudovsky, the manufactured fear campaign was very similar to those adopted by the ruling class to obtain public support for illegal overseas military interventions.

Like with war dissenters, those who opposed the lockdowns were publicly ostracized, fired from their jobs, banned from social media, or branded as psychopaths.

In France, a doctor and retired university professor who opposed the vaccines, Jean-Bernard Fourtillan was arrested and placed in solitary confinement and in the psychiatric hospital of Uzes. And in Maine, Dr. Meryl Nass had to undergo a psychological exam before she was allowed a hearing with the state’s medical board to challenge the removal of her medical license after forty years on spurious grounds.^[13]

According to Chossudovsky, the evidence amply documented is that the mRNA vaccine has not curtailed the spread of COVID-19—a Harvard study looking at COVID-19 in 68 countries and 2,947 U.S. counties in August and September 2022 found that the countries and counties with the highest vaccination rates had higher rates of new COVID-19 cases per one million people.^[14]

Other studies detailed how the mRNA vaccine has resulted in an upward trend in mortality and morbidity, with the highest excess of deaths above normal being experienced by teenagers. A European mortality monitoring organization reported shocking increases in deaths of children under 14 after the vaccine was introduced. According to data from EuroMOMO, excess deaths among children in Europe surged 554% in 2021 following the European Medicines Agency’s approval of the Pfizer COVID-19 vaccine for children.^[15]

A cheaper and more effective way of treating COVID-19 patients is with hydroxychloroquine, which Dr. Fauci made sure would not be widely distributed.

In July 2020, Dr. Marcus Zervos, the chief epidemiologist in the Henry Ford Medical System and a board certified infectious disease specialist, conducted a study that found that COVID-19 patients treated with hydroxychloroquine within twenty-four hours of admission to the hospital reduced risk of death by about half.^[16]

Nass also points to the effectiveness of Ivermectin, an off-patent drug from which Big Pharma could not make a profit. Dr. Fauci branded it as a “horse medicine,” even though two scientists who developed it, William C. Campbell and Satoshi Omura, won the Nobel Prize for Medicine in 2015 for developing a therapy against infections caused by roundworm parasites.^[17]

Scare Tactics and Lies

The deceit by America’s scientific establishment was apparent in the fact that, according to Chossudovsky, a secret Pfizer report detailed that Pfizer, previously convicted of “fraudulent marketing” of another product, received more than 1,200 reports of deaths allegedly caused by its vaccine between mid-December 2020 and the end of February 2021.

There were also tens of thousands of reports of “adverse events,” including 23 cases of spontaneous abortions out of 270 pregnancies and more than 2,000 reports of cardiac disorders.

According to Chossudovsky, a flawed Reverse Transcription Polymerase Chain Reaction (RT-PCR) test was established by national governments to generate fake data with a view to justifying excessive and socially repressive policy mandates.

The RT-PCR test produces a high volume of false positives, with the test having been set up to detect a small segment of the nucleic acid which is part of a virus—not necessarily the COVID-19 one or any other specific viruses, according to Dr. Kary Mullis, the inventor of the PCR technique, who said this about the tests before he died in August 2019.

The Centers for Disease Control (CDC) reported that 94% of the deaths attributed to COVID-19 have co-morbidities, or deaths due to other causes. In only 6% of deaths was COVID-19 the only cause mentioned.

According to Chossudovsky, had the CDC used criteria in its Medical Examiners’ and Coroners’ Handbook on Death Registration and Fetal Death Reporting, COVID-19 fatalities would have been 90.2% lower than the officially reported totals.^[18]

On March 11, 2020, when the World Health Organization (WHO) officially declared a worldwide pandemic, the number of confirmed cases of COVID-19 outside China was of the order of 44,279, with 1,440 deaths.

The use of scare tactics had been previewed during the phony H1N1 “swine flu” scare of 2009-2010—one of the “greatest medical scandals of the century,” according to Wolfgang Wodarg, then head of health at the European Council—where billions of vaccines were ordered by national governments but then destroyed.

Wodarg is currently involved with Dr. Michael Yeadon, a former Pfizer Vice President, in the campaign against the COVID-19 vaccines, whose rushed introduction without proper testing was criminally negligent in their view.^{^[19]}

The main drivers of governmental policy have been corporate foundations like the Rockefeller, Soros, Ford and Gates Foundations.^[20]

Their goal was to a) boost the profits of pharmaceutical companies in which they had investments; b) establish more authoritarian forms of global governance and a digital tyranny; and c) advance the World Economic Forum (WEF)’s Great Reset, whose aim is to restructure the global economy in the interests of select corporate monopolies by effectively shutting down huge sectors of the pre-COVID economy and driving certain older enterprises into bankruptcy.^[21]

A War and Not Health Response—With the Usual Gamut of Corruption and Lies

Sasha Latypova, a former pharmaceutical executive, has exposed that the Pentagon, which controlled the COVID-19 program from the beginning, adopted shady contracting practices while shielding Big Pharma from liability.

The latter benefited from changes in informed consent rules under the Obama administration to carry out unethical human experimentation and introduce vaccines that were never properly tested or regulated—and which Latypova describes as bio-weapons that “behave like shrapnel in the body; causing recipient cells to inadvertently destroy themselves.”

Latypova explained that the U.S. National Security Council is responsible for COVID-19 policy. This department represents defense and intelligence, and has no health representation. Health and Human Services are managing information but not setting policy, and Latypova concludes that consecutive U.S. governments have therefore treated COVID-19 as a war response, not a health response, whilst deliberately deceiving the public.

The planning for this started as early as 2012, as evidenced by a “pandemic enterprise”, which she describes as a public-private partnership involving ten heads of federal agencies. Secret meetings have been held between these leaders to discuss pandemic countermeasures, and how to maintain utmost secrecy and confidentiality of discussions and plans. Latypova questions why an alleged health event needs to be kept secret from the public.

According to Latypova, the pharmaceutical industry and “investor world” have been taken over by the Pentagon and military intelligence agencies. “A lot of money [pretends] to be venture funds while actually being funded by CIA,” Latypova says.

More Suggestions of Foreknowledge

The discovery of a contract awarded by the U.S. Department of Defense to Labyrinth Global Health for “COVID-19 Research” in November 2019 has raised further suspicion about government foreknowledge of the novel coronavirus.

The contract was part of a larger project for a “Biological threat reduction program in Ukraine,” suggesting that elements in the U.S. Government was at the very least aware of the alleged virus before it spread through Wuhan, China in December 2019, or had a hand in its creation through lab based Gain-of-Function research, as Andrew G. Huff suggests.

How else would they have known the name of the novel coronavirus disease three months prior to the WHO officially naming it Covid-19 in February 2020. And it may also explain why Moderna and Fauci’s NIAID had a confidentiality agreement for an mRNA Coronavirus vaccine candidate in early December 2019, which was developed and jointly owned by Moderna and Fauci’s NIAID.

Coordinated Propaganda Effort

According to Dr. Robert W. Malone, an expert in bio-defense and vaccinology, the Gates Foundation—which was granted a non-exclusive license to the Moderna mRNA Covid-19 injection, and therefore profited from its use—paid more than $319 million to control the mainstream media narrative about COVID-19.

The Department of Health and Human Services and Center for Disease Control and Prevention (CDC) paid more than one billion to control the media narrative.^[22]

Even late night comedians have been enlisted in the propaganda campaign: ABC’s Jimmy Kimmel called for denying ICU beds to unvaccinated people.^[23]

In 2021, a Facebook whistleblower revealed that Facebook censors vaccine-related content based on a secret “vaccine hesitancy” algorithm, which determines whether and to what extent the content (even if completely accurate) could induce vaccine hesitancy in viewers.^{^[24]}

Dr. Malone believes that British intelligence assets have been involved in smearing medical professionals like him who question the dominant COVID-19 narrative on Wikipedia, and that the “five eyes” spy alliance (Australia, Canada, New Zealand, the UK, and U.S.) has been exploited during the COVID-19 crisis to enable reciprocal domestic propaganda activities by participant states against the citizens of other member states that otherwise forbid their intelligence agencies from domestic propaganda activities.^{^[25]}

The coordinated propaganda effort and repressive political climate is reminiscent of the World War I era when the Wilson administration set up the Committee on Public Information (CPI) to sell U.S. military intervention in Europe at a time when anti-war dissenters were being spied upon, demonized and jailed.^{^[26]}

In his book, Lies My Gov’t Told Me, Dr. Malone emphasizes how the “cancel culture” encourages censorship as does the prevalence of tribal tendencies and a cognitive dissonance where people have trouble accepting viewpoints that differ from their entrenched beliefs and reject those willing to speak out against inconvenient truths.

These trends, are behind what amounts to a modern-day witch-hunt that threatens to stifle the advancement of scientific and medical knowledge and has given a criminal elite free reign to carry out nefarious social experiments that have altered human life as we know it.

Science for Hire

Dr. Malone and Michel Chossudovsky’s analysis is reinforced in a new documentary, Science for Hire, produced by WBAI radio host Gary Null, which exposes the corruption of America’s scientific elite.

Null concurs with Huff’s assessment that, in supporting Gain-of-Function research, Dr. Fauci and his colleagues were “fooling with mother nature;” creating super-viruses so that pharmaceutical giants like Pfizer could emerge as heroes for developing vaccines that made them billions of dollars in profits.

COVID-19, however, was more like a seasonal flu so hospital administrators had to manipulate data to give the impression of a mass pandemic that required everyone to be vaccinated. Hospice patients with terminal illnesses like end-stage renal failure and congestive heart failure were put on the COVID death list to pad the numbers.^[27]

COVID-19 patients at the same time were sent home without treatment because of the reliance on vaccines that yielded unreported adverse health effects, such as a rise in myocarditis, blood clots, infertility, and heart attacks among healthy young people.

According to Null, Dr. Fauci was following the playbook of the HIV-AIDS pandemic in the 1980s where a fear campaign he presided over was followed up by the introduction of untested drugs such as AZT that wound up killing tens of thousands of gay men.

cientists who challenged the dominant paradigm were deprived of NIH funding that Fauci controlled, and marginalized with the advent of a “Medical McCarthyism” reflective of the societal slide toward corporate autocracy.

The only way to overcome the latter is to build a worldwide movement against Corona tyranny that outlaws Gain-of-Function research and would restore the integrity of science and real democracy through a socialist transformation.

Andrew G. Huff, The Truth About Wuhan: How I Uncovered the Biggest Lie in History (New York: Skyhorse Publishing, 2022), 190. ↑
Huff, The Truth About Wuhan, 191. ↑
Huff, The Truth About Wuhan, 137. ↑
Huff, The Truth About Wuhan, 177; Fred Guterl, “Dr. Fauci Backed Controversial Wuhan Lab With U.S. Dollars For Risky Coronovirus Research,” Newsweek, April 28, 2020. By identifying unknown viruses before they spilled into humans, or “finding them before they find us,” Shi Zhengli claimed that “researchers could hope to find an early-warning system. Columbia professors Jeffrey Sachs and Neil Harrison point out that “the precise nature of the experiments that were conducted [in Wuhan], including the full array of viruses collected from the field and the subsequent sequencing and manipulation of those viruses, remains unknown.” Sharon Lerner, “Jeffrey Sachs Presents Evidence of Possible Lab Origin of COVID-19,” The Intercept, May 19, 2022.
Huff, The Truth About Wuhan, 94. Dr. Richard Ebright, an infectious disease expert at Rutgers quoted as an expert in a Newsweek article on the topic, along with many other scientists, has been a vocal opponent of Gain-of-Function research because of the risk it presents of creating a pandemic through accidental release from a lab. Dr. Fauci, however, has expressed belief that “determining the molecular Achilles’ heel of these viruses can allow scientists to identify novel antiviral drug targets that could be used to prevent infection in those at risk or to better treat those who become infected,” and that “decades of experience tells us that disseminating information gained through biomedical research to legitimate scientists and health officials provides a critical foundation for generating appropriate countermeasures and, ultimately, protecting the public health.”
Huff, The Truth About Wuhan, 95, 178, 179; Christina Lin, “Why U.S. Outsourced Bat Virus Research to Wuhan,” April 22, 2020. ↑
Huff, The Truth About Wuhan, 178, 185. Gene therapy is a technique where doctors alter someone’s genes to help treat them for a disease. ↑
Huff, The Truth About Wuhan, 182, 185. ↑
Huff, The Truth About Wuhan, 183. Huff believes that EcoHealth Alliance was engaged in irregular financial transactions regarding U.S. government grants, specifically time-card fraud. He observed what appeared to be double dipping on contracts, or material support, between government organizations and private donors (e.g., Skoll Foundation, Google Foundation, Rockefeller Foundation and Welcome Trust). ↑
Huff, The Truth About Wuhan, 183. ↑
Huff, The Truth About Wuhan, 142. ↑
Huff, The Truth About Wuhan, 187. ↑
On the latter case, see Dr. Robert Malone, “The Extraordinary Story of a Truth Warrior Persecuted for Advocating and Providing Life Saving Treatment,” in Lies My Gov’t Told Me: And the Better Future Coming (New York: Skyhorse, 2022), ch. 3. Nass is a former contributor to CovertAction Information Bulletin [predecessor to CovertAction Magazine] who documented the Southern Rhodesian government’s use of biological warfare against the Black population in modern Zimbabwe during its liberation war. ↑
Malone, Lies My Gov’t Told Me, 116. ↑
See also Ed Dowd, with foreword by Robert Kennedy Jr. “Cause Unknown:” The Epidemic of Sudden Deaths in 2021 and 2022 (New York: Skyhorse, 2023), which points out that during the third and fourth quarters of 2021, coinciding with a period of mass vaccination, death in people of working age (18–64) was 40 percent higher than it was before the pandemic, with the majority of deaths not attributed to COVID. ↑
Huff, The Truth About Wuhan, 152. See also Malone, “The Extraordinary Story of a Truth Warrior Persecuted for Advocating and Providing Life Saving Treatment,” in Lies My Gov’t Told Me, 70. ↑
Malone, Lies My Gov’t Told Me, 117. The drug has been made available to poor people around the globe for pennies per dose. ↑
See also Malone, Lies My Gov’t Told Me, which presents similar data, including a study which found that, even among hospitalized COVID-19 patients who were 90 years or older, nearly 90% survived. Most COVID deaths were of the very elderly—in Canada, the total was around 70%. In Italy, 100 percent of COVID deaths had another fatal condition whereas in South Korea as many as 99 percent of active COVID-19 cases in the general population did not require any medical treatment. A study of 3,300 inmates in U.S. state prisons found that 96% who tested positive for COVID-19 had no symptoms. See also Dr. Joseph Mercola and Ronnie Cummins, The Truth About COVID-19: Exposing the Great Reset, Lockdowns, Vaccine Passports, and the New Normal, foreword by Robert Kennedy Jr. (White River Junction Vermont: Chelsea Green Publishing, 2021), 56 which emphasizes that many alleged COVID deaths died actually from medical errors, including in parts of New York that were designated as being at the epicenter of the COVID-19 pandemic. ↑
Dr. Yeadon initially raised concerns that the COVID-19 vaccine could cause fertility issues in young women. ↑
The Rockefeller and Ford Foundations have long and deep connections to the CIA. ↑
The plan is for the jobless to be placed on a universal basic income. Some have suggested that another goal is depopulation because of concern about overpopulation and a belief in an extreme Social Darwinian philosophy (“survival of the fittest”) and eugenics by Gates and others. ↑
Malone, Lies My Gov’t Told Me, 42. ↑
Malone, Lies My Gov’t Told Me, 113. ↑
Malone, Lies My Gov’t Told Me, 170. Facebook openly states that it blocks content “which public health experts have advised us could lead to COVID-19 vaccine rejection.” ↑
Malone, Lies My Gov’t Told Me, 279. ↑
Malone, Lies My Gov’t Told Me, 53. ↑
In 2020, CDC director Robert Redfield admitted that hospital incentives likely elevated hospitalization rates and death toll statistics around the U.S. In Mercola and Cummins, The Truth About COVID-19, 57. ↑

Dictators Bent on Building Military Empires: The Cost of the Nation’s Endless Wars

Posted on March 9, 2023 by Reid Mukai

By John & Nisha Whitehead

Source: The Rutherford Institute

“Autocrats only understand one word: no, no, no. No you will not take my country, no you will not take my freedom, no you will not take my future… A dictator bent on rebuilding an empire will never be able to ease the people’s love of liberty. Brutality will never grind down the will of the free.”—President Biden

Oh, the hypocrisy.

To hear President Biden talk about the Russia’s aggression against Ukraine, you might imagine that Putin is the only dictator bent on expanding his military empire through the use of occupation, aggression and oppression.

Yet the United States is no better, having spent much of the past half-century policing the globe, occupying other countries, and waging endless wars.

What most Americans fail to recognize is that these ongoing wars have little to do with keeping the country safe and everything to do with propping up a military industrial complex that has its sights set on world domination.

War has become a huge money-making venture, and the U.S. government, with its vast military empire, is one of its best buyers and sellers.

America’s part in the showdown between Russia and the Ukraine has already cost taxpayers more than $112 billion and shows no signs of abating.

Clearly, it’s time for the U.S. government to stop policing the globe.

The U.S. military reportedly has more than 1.3 million men and women on active duty, with more than 200,000 of them stationed overseas in nearly every country in the world.

American troops are stationed in Somalia, Iraq and Syria. In Germany, South Korea and Japan. In Saudi Arabia, Jordan and Oman. In Niger, Chad and Mali. In Turkey, the Philippines, and northern Australia.

Those numbers are likely significantly higher in keeping with the Pentagon’s policy of not fully disclosing where and how many troops are deployed for the sake of “operational security and denying the enemy any advantage.” As investigative journalist David Vine explains, “Although few Americans realize it, the United States likely has more bases in foreign lands than any other people, nation, or empire in history.”

Incredibly, America’s military forces aren’t being deployed abroad to protect our freedoms here at home. Rather, they’re being used to guard oil fields, build foreign infrastructure and protect the financial interests of the corporate elite. In fact, the United States military spends about $81 billion a year just to protect oil supplies around the world.

The reach of America’s military empire includes close to 800 bases in as many as 160 countries, operated at a cost of more than $156 billion annually. As Vine reports, “Even US military resorts and recreation areas in places like the Bavarian Alps and Seoul, South Korea, are bases of a kind. Worldwide, the military runs more than 170 golf courses.”

This is how a military empire occupies the globe.

After 20 years of propping up Afghanistan to the tune of trillions of dollars and thousands of lives lost, the U.S. military may have finally been forced out, but those troops represent just a fraction of our military presence worldwide.

In an ongoing effort to police the globe, American military servicepeople continue to be deployed to far-flung places in the Middle East and elsewhere.

This is how the military industrial complex, aided and abetted by the likes of Joe Biden, Donald Trump, Barack Obama, George W. Bush, Bill Clinton and others, continues to get rich at taxpayer expense.

Yet while the rationale may keep changing for why American military forces are policing the globe, these wars abroad aren’t making America—or the rest of the world—any safer, are certainly not making America great again, and are undeniably digging the U.S. deeper into debt.

War spending is bankrupting America.

Although the U.S. constitutes only 5% of the world’s population, America boasts almost 50% of the world’s total military expenditure, spending more on the military than the next 19 biggest spending nations combined.

In fact, the Pentagon spends more on war than all 50 states combined spend on health, education, welfare, and safety.

The American military-industrial complex has erected an empire unsurpassed in history in its breadth and scope, one dedicated to conducting perpetual warfare throughout the earth.

Since 2001, the U.S. government has spent more than $4.7 trillion waging its endless wars.

Having been co-opted by greedy defense contractors, corrupt politicians and incompetent government officials, America’s expanding military empire is bleeding the country dry at a rate of more than $32 million per hour.

In fact, the U.S. government has spent more money every five seconds in Iraq than the average American earns in a year.

Future wars and military exercises waged around the globe are expected to push the total bill upwards of $12 trillion by 2053.

Talk about fiscally irresponsible: the U.S. government is spending money it doesn’t have on a military empire it can’t afford.

Unfortunately, even if we were to put an end to all of the government’s military meddling and bring all of the troops home today, it would take decades to pay down the price of these wars and get the government’s creditors off our backs.

As investigative journalist Uri Friedman puts it, for more than 15 years now, the United States has been fighting terrorism with a credit card, “essentially bankrolling the wars with debt, in the form of purchases of U.S. Treasury bonds by U.S.-based entities like pension funds and state and local governments, and by countries like China and Japan.”

War is not cheap, but it becomes outrageously costly when you factor in government incompetence, fraud, and greedy contractors. Indeed, a leading accounting firm concluded that one of the Pentagon’s largest agencies “can’t account for hundreds of millions of dollars’ worth of spending.”

Unfortunately, the outlook isn’t much better for the spending that can be tracked.

A government audit found that defense contractor Boeing has been massively overcharging taxpayers for mundane parts, resulting in tens of millions of dollars in overspending. As the report noted, the American taxpayer paid:

$71 for a metal pin that should cost just 4 cents; $644.75 for a small gear smaller than a dime that sells for $12.51: more than a 5,100 percent increase in price. $1,678.61 for another tiny part, also smaller than a dime, that could have been bought within DoD for $7.71: a 21,000 percent increase. $71.01 for a straight, thin metal pin that DoD had on hand, unused by the tens of thousands, for 4 cents: an increase of over 177,000 percent.

That price gouging has become an accepted form of corruption within the American military empire is a sad statement on how little control “we the people” have over our runaway government.

Mind you, this isn’t just corrupt behavior. It’s deadly, downright immoral behavior.

Americans have thus far allowed themselves to be spoon-fed a steady diet of pro-war propaganda that keeps them content to wave flags with patriotic fervor and less inclined to look too closely at the mounting body counts, the ruined lives, the ravaged countries, the blowback arising from ill-advised targeted-drone killings and bombing campaigns in foreign lands, or the transformation of our own homeland into a warzone.

That needs to change.

The U.S. government is not making the world any safer. It’s making the world more dangerous. It is estimated that the U.S. military drops a bomb somewhere in the world every 12 minutes. Since 9/11, the United States government has directly contributed to the deaths of around 500,000 human beings. Every one of those deaths was paid for with taxpayer funds.

The U.S. government is not making America any safer. It’s exposing American citizens to alarming levels of blowback, a CIA term referring to the unintended consequences of the U.S. government’s international activities. Chalmers Johnson, a former CIA consultant, repeatedly warned that America’s use of its military to gain power over the global economy would result in devastating blowback.

The 9/11 attacks were blowback. The Boston Marathon Bombing was blowback. The attempted Times Square bomber was blowback. The Fort Hood shooter, a major in the U.S. Army, was blowback.

The U.S. military’s ongoing drone strikes will, I fear, spur yet more blowback against the American people.

The war hawks’ militarization of America—bringing home the spoils of war (the military tanks, grenade launchers, Kevlar helmets, assault rifles, gas masks, ammunition, battering rams, night vision binoculars, etc.) and handing them over to local police, thereby turning America into a battlefield—is also blowback.

James Madison was right: “No nation could preserve its freedom in the midst of continual warfare.” As Madison explained, “Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes… known instruments for bringing the many under the domination of the few.”

We are seeing this play out before our eyes.

The government is destabilizing the economy, destroying the national infrastructure through neglect and a lack of resources, and turning taxpayer dollars into blood money with its endless wars, drone strikes and mounting death tolls.

Clearly, our national priorities are in desperate need of an overhauling.

At the height of its power, even the mighty Roman Empire could not stare down a collapsing economy and a burgeoning military. Prolonged periods of war and false economic prosperity largely led to its demise. As historian Chalmers Johnson predicts:

The fate of previous democratic empires suggests that such a conflict is unsustainable and will be resolved in one of two ways. Rome attempted to keep its empire and lost its democracy. Britain chose to remain democratic and in the process let go its empire. Intentionally or not, the people of the United States already are well embarked upon the course of non-democratic empire.

This is the “unwarranted influence, whether sought or unsought, by the military-industrial complex” that President Dwight Eisenhower warned us more than 50 years ago not to let endanger our liberties or democratic processes.

Eisenhower, who served as Supreme Commander of the Allied forces in Europe during World War II, was alarmed by the rise of the profit-driven war machine that emerged following the war—one that, in order to perpetuate itself, would have to keep waging war.

We failed to heed his warning.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, war is the enemy of freedom.

As long as America’s politicians continue to involve us in wars that bankrupt the nation, jeopardize our servicemen and women, increase the chances of terrorism and blowback domestically, and push the nation that much closer to eventual collapse, “we the people” will find ourselves in a perpetual state of tyranny.

The Hunter Biden / Ihor Kolomoïsky affair

Posted on March 7, 2023 by Reid Mukai

By Thierry Meyssan

Source: VoltaireNet.org

The Biden Administration is finally reacting to the scandals that have arisen from the computer of the president’s son, Hunter Biden. This loser, whose only known activities are those of a junkie and a pimp, managed to become the director of a large gas company; a job he knows nothing about. A man of straw, he signed all sorts of big contracts, in different countries, where he travelled -without right- in official US planes. His father is now launching an operation to cover up his affairs, which has led him to clean up the Ukrainian government.

As time goes on, American voters are turning away from President Joe Biden. Many of those who say they voted for him tell pollsters they regret it. Some say that if they had known about the Hunter Biden affair beforehand, they would never have trusted his father as president.

During the presidential election campaign, the Republican Party filed a lawsuit with the Federal Election Commission because the social networks Twitter and Facebook censored thousands of accounts that relayed the New York Post’s revelations about Hunter Biden’s computer [1]. The seizure was dismissed, but the Twitter Files, revealed by Elon Musk, attest in detail that the FBI and an intelligence agency (probably the CIA) had intervened with Twitter and Facebook to censor this information.

I was astonished that in the United States, the son of a vice-president, then president, could travel in official planes to the four corners of the world, giving the impression of being an official personality when he was only a junkie [2]. This abuse was, in my opinion, a sign of the decadence of the US Empire.

However, the new Republican majority in the House of Representatives intends to carry out various investigations, notably on Joe Biden’s involvement in his son’s dirty dealings. If these investigations were to succeed, they could call into question the independence of the President of the United States and therefore lead to his impeachment.

It should be remembered that when Joe Biden was Barack Obama’s vice-president, 7 million dollars in bribes were paid to the Attorney General of Ukraine to keep his nose out of Burisma’s affairs. Later, this same prosecutor, who had become too greedy, was ousted by the Verkhovna Rada (Parliament) under pressure from the United States, the European Union, the IMF and the World Bank, which wanted to save the owner of Burisma and former Prime Minister Yulia Tymoshenko at a lower price.

In a puritanical country like the United States, public opinion first focused on Hunter Biden’s frequent use of prostitutes and his drug use before it became clear that his financial affairs were much more important.

Now the Hunter Biden affair, which had been covered up by very senior members of the intelligence community, for whom the whole saga was “Russian disinformation” [3], is likely to turn the tables. It is no longer appropriate to deny the facts, so much so that Harvard University has just announced that it is closing its Technology and Social Change Project, a structure that had been constantly assimilating the existence of Hunter Biden’s laptop to Fake news [4].

Until now, the citizens who cared about this affair were only “conspiracy theorists”, “extreme right-wing” followers of President Trump and readers of the gutter press. On the contrary, almost the entire ruling class had “discerned” that it was just a popular rumor, Fake News. On the one hand, there were the readers of the New York Post, which had revealed the affair [5], on the other hand, those of the New York Times, which kept on denying it.

Among the many financial affairs of the president’s son, two stand out. The first concerns a Chinese spy. It could reveal influence peddling in the service of a foreign power. While the second concerns his activities in Ukraine and particularly his appointment and that of his friend Devon Archer (former roommate of Christopher Heinz, John Kerry’s son-in-law, during their university period) to the board of directors of the oil company Burisma. This is the group that President Vladimir Putin denounced as “a bunch of drug addicts and neo-Nazis” [6] when he called on his armies to end the civil war in Ukraine under UN Security Council Resolution 2202.

This week two seemingly unrelated events have shaken things up. They were probably imagined by or with David Brock, the undisputed agitprop specialist on whom President Biden relied in 2016 against President Trump. Ill, he had disappeared, he is now back [7]

Hunter Biden has hired one of the most famous American lawyers, Abbe Lowell. He has requested a criminal investigation and sent letters to all the people who played a role in the disclosure of the contents of his client’s laptop, including former New York City Mayor Rudy Giuliani and former Donald Trump advisor Steve Bannon. He accused them of violating the privacy of his client, urged them to retract the conclusions they drew from the contents of the computer, and thus bury the case. At the same time, a delegation from the Departments of Defense and State, as well as USAID, went to Ukraine to advise the Zelensky government to clean up some of the mess [8]. Officially, it was only to ensure that the money offered at the expense of the US taxpayers was not misappropriated by corrupt officials. Unofficially, it was only a matter of eliminating the annoying pawns without touching the others. In two days, fourteen personalities resigned in a chain. Five regional governors (Valentin Reznichenko (Dnipropetrovsk), Oleksander Starukh (Zaporizhia), Dmytro Zhivytsky Surya), Yaroslav Yanshayevich (Kherson) and Oleksiy Kulba (Kiev)), four deputy ministers (including Viacheslav Shapovalov (Defense) and Vasyl Lozynsky (Infrastructure)) and two heads of a government agency left their posts, in addition to the deputy head of the presidential administration (Kyrylo Tymoshenko) and the deputy prosecutor general (Oleksiy Symonenko).

The Western media reported faithfully on this major sweep. But the most important thing happened on the 3rd day and very few people talked about it. SBU troops searched the home of oligarch Ihor Kolomoysky, sponsor of both President Volodymyr Zelensky and the “integral nationalists”, but above all owner of… Burisma Holding, which he had bought from Mykola Zlochevskyi, in 2011, i.e. before Hunter Biden entered it. Of course the Anticorruption Action Center’s article on this change of ownership has long since been removed from its site [9].

Technically, Ihor Kolomoysky is not being prosecuted for the assassinations he ordered, but for rigging a gas lot auction involving two deputy energy ministers for nearly a million dollars.

Arresting mafia boss Ihor Kolomoysky removes the traces of many problems. He is the key witness to link President Volodymyr Zelensky with the “integral nationalists”, i.e. between a defender of democracy and anti-democrats, and between a Jewish personality and mass murderers of Jews. For the “President’s Men”, Kolomoysky is the main Ukrainian personality who can be held accountable for the corruption of Hunter Biden and, eventually, Joe Biden.

It will be remembered that in 2019 the US Secretary of Energy Rick Perry reportedly informed Rudy Giuliani about President Zelensky’s confidences during his inauguration ceremony about Hunter Biden [10]. President Donald Trump then asked the Ukrainians for information about their investigations. But the affair was leaked, President Trump was accused of acting out of revenge, and a new impeachment procedure was launched against him.

The Hunter Biden affair has many facets. One thing is to erase his role in Burisma, another is to erase his role in the activities of US military laboratories in Ukraine. These activities were carried out through Rosemont Seneca Technology Partners (RSTP), one of his companies that he created with Christopher Heinz, son-in-law of the special presidential envoy for the climate John Kerry, who joined him on the board of Burisma [11].

[1] «Republican National Committe Letter to the Federal Election Commission», Octobrer 16, 2020.

[2] « La décadence de l’Empire états-unien », par Thierry Meyssan, Réseau Voltaire, 6 septembre 2022.

[3] “Public Statement on the Hunter Biden Emails”, Voltaire Network, 19 October 2020.

[4] «Harvard pulls the plug on disinformation research project led by Hunter Biden laptop skeptic», Yael Halon, Fox News, February 3, 2023. «Harvard shuts down ’misinformation’ research program and cuts ties with director who was skeptical of Hunter Biden laptop story (but claims it was for ’bureaucratic reasons’)», Will Potter, Daily Mail, February 3, 2023.

[5] “Smoking-gun email reveals how Hunter Biden introduced Ukrainian businessman to VP dad”, Emma-Jo Morris & Gabrielle Fonrouge ; “WH press secretary locked out of Twitter for sharing Post’s Hunter Biden story” , Steven Nelson, New York Post, October 14, 2020.

[6] “A gang of drug addicts and neo-nazis”, by Thierry Meyssan, Voltaire Network, 5 March 2022.

[7] “David Brock, Clintons agitprop man, zeroes in to rescue the Bidens”, Voltaire Network, 2 December 2022.

[8] «Defense, State, and USAID Inspectors General Visit Kyiv», Department of Defense Office of Inspector Genral, January 31, 2023.

[9] « Kings of Ukrainian Gas », Anticorruption Action Center, 26 août 2012.

[10] “WSJ News Exclusive“, Timothy Puko & Rebecca Ballhaus, October 16, 2019, Wall Street Journal.

[11] «Hunter Biden Bio Firm Partnered With Ukrainian Researchers ‘Isolating Deadly Pathogens’ Using Funds From Obama’s Defense Department», Natalie Winters & Raheem J. Kassam, The National Pulse, March 24, 2022.

Don’t Bow Down to a Dictatorial Government. America Is a Prison Disguised as Paradise

Posted on March 1, 2023 by Reid Mukai

By John & Nisha Whitehead

Source: The Rutherford Institute

“If all that Americans want is security, they can go to prison. They’ll have enough to eat, a bed and a roof over their heads. But if an American wants to preserve his dignity and his equality as a human being, he must not bow his neck to any dictatorial government.”— President Dwight D. Eisenhower

The government wants us to bow down to its dictates.

It wants us to buy into the fantasy that we are living the dream, when in fact, we are trapped in an endless nightmare of servitude and oppression.

Indeed, with every passing day, life in the American Police State increasingly resembles life in the dystopian television series The Prisoner.

First broadcast 55 years ago in the U.S., The Prisoner—described as “James Bond meets George Orwell filtered through Franz Kafka”—confronted societal themes that are still relevant today: the rise of a police state, the loss of freedom, round-the-clock surveillance, the corruption of government, totalitarianism, weaponization, group think, mass marketing, and the tendency of human beings to meekly accept their lot in life as prisoners in a prison of their own making.

Perhaps the best visual debate ever on individuality and freedom, The Prisoner centers around a British secret agent who abruptly resigns only to find himself imprisoned in a virtual prison disguised as a seaside paradise with parks and green fields, recreational activities and even a butler.

While luxurious, the Village’s inhabitants have no true freedom, they cannot leave the Village, they are under constant surveillance, all of their movements tracked by militarized drones, and stripped of their individuality so that they are identified only by numbers.

“I am not a number. I am a free man,” is the mantra chanted in each episode of The Prisoner, which was largely written and directed by Patrick McGoohan, who also played the title role of Number Six, the imprisoned government agent.

Throughout the series, Number Six is subjected to interrogation tactics, torture, hallucinogenic drugs, identity theft, mind control, dream manipulation, and various forms of social indoctrination and physical coercion in order to “persuade” him to comply, give up, give in and subjugate himself to the will of the powers-that-be.

Number Six refuses to comply.

In every episode, Number Six resists the Village’s indoctrination methods, struggles to maintain his own identity, and attempts to escape his captors. “I will not make any deals with you,” he pointedly remarks to Number Two, the Village administrator a.k.a. prison warden. “I’ve resigned. I will not be pushed, filed, stamped, indexed, debriefed or numbered. My life is my own.”

Yet no matter how far Number Six manages to get in his efforts to escape, it’s never far enough.

Watched by surveillance cameras and other devices, Number Six’s attempts to escape are continuously thwarted by ominous white balloon-like spheres known as “rovers.”

Still, he refuses to give up.

“Unlike me,” he says to his fellow prisoners, “many of you have accepted the situation of your imprisonment, and will die here like rotten cabbages.”

Number Six’s escapes become a surreal exercise in futility, each episode an unfunny, unsettling Groundhog’s Day that builds to the same frustrating denouement: there is no escape.

As journalist Scott Thill concludes for Wired, “Rebellion always comes at a price. During the acclaimed run of The Prisoner, Number Six is tortured, battered and even body-snatched: In the episode ‘Do Not Forsake Me Oh My Darling,’ his mind is transplanted to another man’s body. Number Six repeatedly escapes The Village only to be returned to it in the end, trapped like an animal, overcome by a restless energy he cannot expend, and betrayed by nearly everyone around him.”

The series is a chilling lesson about how difficult it is to gain one’s freedom in a society in which prison walls are disguised within the seemingly benevolent trappings of technological and scientific progress, national security and the need to guard against terrorists, pandemics, civil unrest, etc.

As Thill noted, “The Prisoner was an allegory of the individual, aiming to find peace and freedom in a dystopia masquerading as a utopia.”

The Prisoner’s Village is also an apt allegory for the American Police State, which is rapidly transitioning into a full-fledged Surveillance State: it gives the illusion of freedom while functioning all the while like a prison: controlled, watchful, inflexible, punitive, deadly and inescapable.

The American Surveillance State, much like The Prisoner’s Village, is a metaphorical panopticon, a circular prison in which the inmates are monitored by a single watchman situated in a central tower. Because the inmates cannot see the watchman, they are unable to tell whether or not they are being watched at any given time and must proceed under the assumption that they are always being watched.

Eighteenth century social theorist Jeremy Bentham envisioned the panopticon prison to be a cheaper and more effective means of “obtaining power of mind over mind, in a quantity hitherto without example.”

Bentham’s panopticon, in which the prisoners are used as a source of cheap, menial labor, has become a model for the modern surveillance state in which the populace is constantly being watched, controlled and managed by the powers-that-be while funding its existence.

Nowhere to run and nowhere to hide: this is the mantra of the architects of the Surveillance State and their corporate collaborators.

Government eyes are watching you.

They see your every move: what you read, how much you spend, where you go, with whom you interact, when you wake up in the morning, what you’re watching on television and reading on the internet.

Every move you make is being monitored, mined for data, crunched, and tabulated in order to amass a profile of who you are, what makes you tick, and how best to control you when and if it becomes necessary to bring you in line.

When the government sees all and knows all and has an abundance of laws to render even the most seemingly upstanding citizen a criminal and lawbreaker, then the old adage that you’ve got nothing to worry about if you’ve got nothing to hide no longer applies.

Apart from the obvious dangers posed by a government that feels justified and empowered to spy on its people and use its ever-expanding arsenal of weapons and technology to monitor and control them, we’re approaching a time in which we will be forced to choose between bowing down in obedience to the dictates of the government—i.e., the law, or whatever a government official deems the law to be—and maintaining our individuality, integrity and independence.

When people talk about privacy, they mistakenly assume it protects only that which is hidden behind a wall or under one’s clothing. The courts have fostered this misunderstanding with their constantly shifting delineation of what constitutes an “expectation of privacy.” And technology has furthered muddied the waters.

However, privacy is so much more than what you do or say behind locked doors. It is a way of living one’s life firm in the belief that you are the master of your life, and barring any immediate danger to another person (which is far different from the carefully crafted threats to national security the government uses to justify its actions), it’s no one’s business what you read, what you say, where you go, whom you spend your time with, and how you spend your money.

Unfortunately, George Orwell’s 1984—where “you had to live—did live, from habit that became instinct—in the assumption that every sound you made was overheard, and, except in darkness, every movement scrutinized”—has now become our reality.

We now find ourselves in the unenviable position of being monitored, managed, corralled and controlled by technologies that answer to government and corporate rulers.

Consider that on any given day, the average American going about his daily business will be monitored, surveilled, spied on and tracked in more than 20 different ways, by both government and corporate eyes and ears.

A byproduct of this new age in which we live, whether you’re walking through a store, driving your car, checking email, or talking to friends and family on the phone, you can be sure that some government agency is listening in and tracking your behavior.

This doesn’t even begin to touch on the corporate trackers that monitor your purchases, web browsing, Facebook posts and other activities taking place in the cyber sphere.

Stingray devices mounted on police cars to warrantlessly track cell phones, Doppler radar devices that can detect human breathing and movement within in a home, license plate readers that can record up to 1800 license plates per minute, sidewalk and “public space” cameras coupled with facial recognition and behavior-sensing technology that lay the groundwork for police “pre-crime” programs, police body cameras that turn police officers into roving surveillance cameras, the internet of things: all of these technologies (and more) add up to a society in which there’s little room for indiscretions, imperfections, or acts of independence—especially not when the government can listen in on your phone calls, read your emails, monitor your driving habits, track your movements, scrutinize your purchases and peer through the walls of your home.

As French philosopher Michel Foucault concluded in his 1975 book Discipline and Punish, “Visibility is a trap.”

This is the electronic concentration camp—the panopticon prison—the Village—in which we are now caged.

It is a prison from which there will be no escape. Certainly not if the government and its corporate allies have anything to say about it.

As Glenn Greenwald notes:

“The way things are supposed to work is that we’re supposed to know virtually everything about what [government officials] do: that’s why they’re called public servants. They’re supposed to know virtually nothing about what we do: that’s why we’re called private individuals. This dynamic – the hallmark of a healthy and free society – has been radically reversed. Now, they know everything about what we do, and are constantly building systems to know more. Meanwhile, we know less and less about what they do, as they build walls of secrecy behind which they function. That’s the imbalance that needs to come to an end. No democracy can be healthy and functional if the most consequential acts of those who wield political power are completely unknown to those to whom they are supposed to be accountable.”

None of this will change, no matter which party controls Congress or the White House, because despite all of the work being done to help us buy into the fantasy that things will change if we just elect the right candidate, we’ll still be prisoners of the Village.

So how do you escape? For starters, resist the urge to conform to a group mind and the tyranny of mob-think as controlled by the Deep State.

Think for yourself. Be an individual.

As McGoohan commented in 1968, “At this moment individuals are being drained of their personalities and being brainwashed into slaves… As long as people feel something, that’s the great thing. It’s when they are walking around not thinking and not feeling, that’s tough. When you get a mob like that, you can turn them into the sort of gang that Hitler had.”

You want to be free? Remove the blindfold that blinds you to the Deep State’s con game, stop doping yourself with government propaganda, and break free of the political chokehold that has got you marching in lockstep with tyrants and dictators.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, until you come to terms with the fact that the government is the problem (no matter which party dominates), you’ll never stop being prisoners.

The New Normal: Death Spirals and Speculative Frenzies

Posted on February 28, 2023 by Reid Mukai

By Charles Hugh Smith

Source: Of Two Minds

There is an element of inevitability in play, but it isn’t about central bank bailouts, it’s about Death Spirals and the collapse of unsustainable systems.

The vapid discussions about “soft” or “hard” landings for the economy are akin to asking if the Titanic’s encounter with the iceberg was “soft” or “hard:” either way, the ship was doomed, just as the global economy is doomed by The New Normal of Death Spirals and Speculative Frenzies.

Death Spirals are the inevitable result of entrenched interests clinging on to the status quo and thwarting any adaptation or evolution that might threaten or diminish their share of the swag–and that includes any real change because any consequential modification has the potential to upset the gravey train.

The status quo “solution” is to borrow and blow whatever sums are needed to satisfy every entrenched interest. Filling the federal slop-trough for all the hogs now requires borrowing a staggering $1.4 trillion every year, and billions more in municipal, county and state bonds (borrowing money via selling bonds) on the local level.

This borrow and blow strategy avoids any uncomfortable discipline and difficult trade-offs: everybody gets everything they demand.

This strategy looks “unsinkable” until the iceberg looms dead ahead. History suggests that fiscal and political discipline is eventually imposed by the real world in one fashion or another when diminishing returns enter a Death Spiral.

Any limit on debt is of course “impossible,” just as it was “impossible” for the Titanic to sink. But history is rather implacable in this regard. The self-serving hubris of “impossible” limits on largesse tend to collapse on contact with currency devaluation, structural inflation or a systemic crisis of legitimacy that sweeps away the entire worm-eaten facade of stability.

In other words, the entrenched interests benefitting from the status quo will continue to do what worked in the past until it all implodes. The pain of discipline and modest sacrifices is too great to bear, so let’s collapse the entire system.

Autocracies excel at Death Spirals because they eliminate dissent, transparency and competing nodes of power. Nobody’s left to push back on disastrous policy decisions, so autocratic regimes race toward the iceberg at full speed.

Rather than invest in real long-term solutions, everyone is in the casino, buying options that expire in a few hours. Rather than invest for an entire quarter–whew, three whole months!–speculators now consider a week an unbearably long time to hold a trade.

Speculative frenzies create their own Death Spirals, as gamblers front-run the “guaranteed” bailout of speculators by central banks. This is the consequence of moral hazard being elevated to “guaranteed”: there is no need to actually wait for the inevitable central bank bailout of bets gone bad, we can place bets before the bailout because we know it’s as assured as the sun rising tomorrow morning.

Nice, except central banks and bailouts also reach diminishing returns and enter Death Spirals. Doing more of what’s failed seems to work once, then twice, if you give it enough juice, but the third time is iffy and the fourth time collapses the speculative casino that the status quo was trying to save.

No one who benefits from the Moral Hazard Casino Economy believes it’s no longer sustainable. All the gamblers, big and small, are confident the Federal Reserve and other central banks can cover any losses and make good whatever befalls the casino. The hubris of the punters, big and small, is essentially infinite.

I’ll get out before the house of cards collapses, everyone tells themselves. In the meantime, I’m going to front-run the inevitable bailout of this speculative frenzy.

There is an element of inevitability in play, but it isn’t about central bank bailouts, it’s about Death Spirals and the collapse of unsustainable systems. Death Spirals and speculative frenzies have now been completely normalized. We can’t imagine any other way to operate. But this New Normal won’t last as long as punters believe. Doing more of what worked in the past is only accelerating the casino’s demise.

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