Category Archives: culture

True Leadership at a Time of Crisis

Posted on by
Reply

By Julian Rose

Source: Global Research

Minds that work three dimensionally cannot solve the problems of the world. They can only make them worse.

Those who see themselves as being ‘in charge’ of world events are not able to understand the actual nature of the problems they are supposed to deal with, so obviously they can’t change them for the better.

For example, those trained in banking have a two dimensional thinking process. They can see only ledgers, numbers and material gain.

Those heading leading corporations see only what their corporations can profit from. How to make them ever more profitable. Those who go into politics accept the three dimensional prison that politics is. Anyone thinking outside this box won’t last long in politics. The list goes on – interminably.

But suffice it to say that the great majority of ‘leaders’ of this world come from the above categories. Plus a smattering of billionaires, royals and a handful or two of psychopaths and megalomaniacs.

None of these, quite obviously, come anywhere near fulfilling the need for wisdom or the pursuit of truth and justice. Such values don’t even enter the picture. They are seen as the preserve of those lost in a world of illusion.

So long as this status quo prevails, no change for the better can happen – on the global stage. That place where all attention is focussed, therefore from which all actions emanate. Two/three dimensional actions bereft of insight, wisdom, truth or courage.

Those who believe and follow the edicts of these incapacitated directors of society, live in a prison of their own construction. It’s a dark place of delusional slavery to whatever they hear on ‘The News’. The State uses them to keep its two/three dimensional plans on-track.

In the world we want to become manifest, none of the two/three dimensional thinkers has any part. As we know, if we care to stop and reflect on it, only those with genuine breadth of vision, qualities of humane leadership and a deep devotion to the manifestation of truth, can fulfil the necessary qualities to direct our planet in the way – deep down – we all want and long for.

It’s a surprisingly simple message I am articulating: joining together in refusing to cooperate with those who we know have no qualities capable of improving the health and welfare of humanity and of our planetary ecology – is the only strategy which can end their sterile destructive reign.

We know that only those capable of a deep grasp of life’s challenges and how to set-about confronting them, can put us on the road we all want to be on. Make us feel moved to support the path of liberation from our slave driving oppressors – and from our own weakness –  that leads over and over again into submission to their toxic demands.

The path to victory demands dedication. Dedication to listening to our hearts, not our minds. Only to our minds when they are first informed by our hearts and by a sound sense of morality.

We are becoming aware that this is the channel through which victory will be achieved. The only channel. It is the opposite dimension from the destroyers we are up against. They fear it, because they don’t understand it. It is outside their two/three dimensional prison. Yet it is our greatest asset; our wealth as true sentient humans. Our power as spiritual warriors.

It is time to ditch all distractions from this path. Only that which supports our great awakening must be put at the top of our ‘must do’ list from now on. And the further items down that list must all be in support of this great affirmation, this passion for truth.

There is nothing else ‘to do’.

If we fail to listen and act on the voice of our deepest hearts and intuitions, we can never be free. That message, determinedly put into practice in the outside world, will unlock the gates of all barricades erected to disempower us – and will set us free.

There is no other task.

Saturday Matinee: Theaters of War

Posted on by
Reply


A documentary about the U.S. military’s editorial control over thousands of Hollywood’s films and television programs.

Source: Media Education Foundation

If you’ve seen Top Gun or Transformers, you may have wondered: Does all of that military machinery on screen come with strings attached? Does the military actually get a crack at the script? Theaters of War digs deep into a vast new trove of recently released internal government documents to bring the answers to these questions into sharp focus. Traveling across America, filmmaker and media scholar Roger Stahl engages an array of other researchers, bewildered veterans, PR insiders, and industry producers willing to talk. In unsettling and riveting detail, he discovers how the military and CIA have pushed official narratives while systematically scrubbing scripts of war crimes, corruption, racism, sexual assault, coups, assassinations, and torture. From The Longest Day to Lone Survivor, Iron Man to Iron Chef, and James Bond to Jack Ryan, Theaters of War uncovers an alternative “cinematic universe” that stands as one of the great Pentagon PR coups of our time. As these activities gain new public scrutiny, new questions arise: How have they managed to fly under the radar for so long? And where do we go from here?

Watch Theaters of War on Kanopy here: https://www.kanopy.com/en/product/12327337

The international political debacle proves that the unipolar system is crumbling

Posted on by
1

By Guilherme Wilbert

Source: The Saker

With the recent political events involving such different parts of the world, but usually for the same reasons: popular dissatisfaction, rising prices, and the like. And these causes arise with the decision-making errors of Western leaders, who end up suppressing popular opinion, in what generates a kind of democratic government in the archetype but doesn’t really care about its people.

The most practical example arises when countries try to enter into military alliances without popular consultation as to whether the people agree with what is at stake. The Nordics in NATO were a very clear example of this.

The politicians who now manage the finances of powers within Europe were clearly not prepared for what is happening, mainly because in the global production chain, which involves Russia, now sanctioned, reflects much more on the sanctioning regional economy than on the sanctioned one. Plus it destroys on many economic fronts the Global South, which directly receives the reflections of these mistakes.

People who have been put through a bureaucracy because economic power has a lot of money and unfortunately are leading Europe into disaster, but without realizing it the entire Western world as we know it. With recent cases of foreign attempts to interfere in legitimately elected governments to try to stop the advance to the multipolar world, which at this point of the championship has no more brakes.

The recent death of Shinzo Abe, former prime minister of Japan (which until then was considered one of the safest countries in the world), proves that even a supposedly quiet and peaceful nation can be the target of serious terrorist attacks like the one mentioned, and this proves that the unipolarity system is disappearing, even if it takes some along the way, unfortunately.

The political debacle unfortunately caused by the cited mistakes of Western leaders such as the sanctions, has generated dissatisfaction to the extreme point of an assassination with a homemade artifact against a prominent leader of the Asian world (many may be wondering why in the reasoning Japan would be characterized as part of the “Western World” despite being in Asia and this is because Japanese diplomacy is strongly influenced by Washington, in which it functions as a kind of diplomacy semi-colonized by the Americans).

It was not avoidable, but it could be delayed

The multipolar world was going to emerge one way or another, but the mistakes of the Western leaders accelerated a process that would still take some years, and it can’t cope since it governs for less than 1 billion people (G7 population). And Operation Z in Ukraine was the trigger for a lack of diplomatic tact and will to war that even caused Ukraine’s allied leaders to fall, such as Boris Johnson.

The bankruptcy of Europe was also imminent, since the various economic dependencies, including on Russian gas, prove that the continent, despite being so-called First World, was unable to generate an economy based on a real production of resources. And all attempts to escape from this dependency would lead to at least 10 years of pipeline works and economic agreements-treaties between other countries and them.

So it’s not like it was easy either to have prevented what was predestined to happen, but it could have been delayed if there was the right diplomacy, since the war was avoidable. But how? Simple. I’ll explain.

What was Putin’s key argument? “Ukraine cannot join NATO!”

And what could the West have done? Generated a document in multilateral coordination with the appropriate entities recognizing that the security of Russia, a member of the UN Security Council, was an important issue and Ukraine would not join the Atlanticist military alliance. Or: they could put 50,000 or 100,000 troops inside Kiev to stand up to the Russians since Biden shortly before the Special Military Operation began, acknowledged that Putin would “invade Ukraine,” so they knew the risks. But they did neither.

They wanted this war but it is not going as planned because the political debacle is happening, with the leaders who support the Atlanticist platforms falling away little by little, leaving the enthusiasts of the multipolar world standing like Putin and Xi Jinping in their proper nuclear strongholds.

Moreover, it is interesting to note how parts of the Global South opposed the various diplomatic and economic sanctions on Russia, showing that they were unwilling to continue functioning as American semi-colonies in diplomatic and other matters.

It was inevitable that a totally new world would emerge out of the totally destroyed old world, because that is the natural way of what comes after destruction: reconstruction or new construction. And that is what is happening to the world at present, in that we see prominent leaders being murdered in the open or resignations due to inability of governance, clear signs of destruction.

And after the destruction will come the construction, of which we don’t know what it will look like yet, but the first bricks have already been laid.

The BRICS+ is the only economic bloc capable of guiding the birth of the multipolar world

The BRICS+ unlike any grouping of countries into an economic bloc, has no regional or cultural limitations. On the contrary, countries from all over the world that are so different are aligned in the same multipolar thinking there, in what is seen different if you consider the G7 or NAFTA, which are limiting organizations in their birth, since they don’t carry the discourse of multipolarism ingrained, besides using destabilizing agents such as NATO for a kind of stick to impose their policies on sovereign countries.

The ability to unite so many enthusiasts of the multipolar world will be the driving force of the industrial revolution that we will see happen, which will bring the world into a state of bonanza again because even war will end one day and sanctions will be seen as useless because integration has already begun to happen. Currency baskets are being considered within the BRICS+ to escape the American monetary hegemony, which is a BIG thing!

So, to close the reasoning, I conclude that the multipolar world was something that was inevitably going to happen, but it was accelerated because of the mistakes of its enemies.

Guilherme Wilbert is a law graduate interested in geopolitics and international law.

NATO — The Most Dangerous Military Alliance on the Planet

Posted on by
1
Together We Are Wrong — by Mr. Fish

By Chris Hedges

Source: ScheerPost

The North Atlantic Treaty Organization (NATO), and the arms industry that depends on it for billions in profits, has become the most aggressive and dangerous military alliance on the planet. Created in 1949 to thwart Soviet expansion into Eastern and Central Europe, it has evolved into a global war machine in Europe, the Middle East, Latin America, Africa and Asia. 

NATO expanded its footprint, violating promises to Moscow, once the Cold War ended, to incorporate 14 countries in Eastern and Central Europe into the alliance. It will soon add Finland and Sweden. It bombed Bosnia, Serbia and Kosovo. It launched wars in Afghanistan, Iraq, Syria and Libya, resulting in close to a million deaths and some 38 million people driven from their homes. It is building a military footprint in Africa and Asia. It invited Australia, Japan, New Zealand and South Korea, the so-called “Asia Pacific Four,” to its recent summit in Madrid at the end of June. It has expanded its reach into the Southern Hemisphere, signing a military training partnership agreement with Colombia, in December 2021. It has backed Turkey, with NATO’s second largest military, which has illegally invaded and occupied parts of Syria as well as Iraq. Turkish-backed militias are engaged in the ethnic cleansing of Syrian Kurds and other inhabitants of north and east Syria. The Turkish military has been accused of war crimes – including multiple airstrikes against a refugee camp andchemical weapons use – in northern Iraq. In exchange for President Recep Tayyip Erdoğan’s permission for Finland and Sweden to join the alliance, the two Nordic countries have agreed to expand their domestic terror laws making it easier to crack down on Kurdish and other activists, lift their restrictions on selling arms to Turkey and deny support to the Kurdish-led movement for democratic autonomy in Syria.

It is quite a record for a military alliance that with the collapse of the Soviet Union was rendered obsolete and should have been dismantled. NATO and the militarists had no intention of embracing the “peace dividend,” fostering a world based on diplomacy, a respect of spheres of influence and mutual cooperation. It was determined to stay in business. Its business is war. That meant expanding its war machine far beyond the border of Europe and engaging in ceaseless antagonism toward China and Russia. 

NATO sees the future, as detailed in its “NATO 2030: Unified for a New Era,” as a battle for hegemony with rival states, especially China, and calls for the preparation of prolonged global conflict.

“China has an increasingly global strategic agenda, supported by its economic and military heft,” the NATO 2030 initiative warned. “It has proven its willingness to use force against its neighbors, as well as economic coercion and intimidatory diplomacy well beyond the Indo-Pacific region. Over the coming decade, China will likely also challenge NATO’s ability to build collective resilience, safeguard critical infrastructure, address new and emerging technologies such as 5G and protect sensitive sectors of the economy including supply chains. Longer term, China is increasingly likely to project military power globally, including potentially in the Euro-Atlantic area.”

The alliance has spurned the Cold War strategy that made sure Washington was closer to Moscow and Beijing than Moscow and Beijing were to each other. U.S. and NATO antagonism have turned Russia and China into close allies. Russia, rich in natural resources, including energy, minerals and grains, and China, a manufacturing and technological behemoth, are a potent combination. NATO no longer distinguishes between the two, announcing in its most recent mission statement that the “deepening strategic partnership” between Russian and China has resulted in “mutually reinforcing attempts to undercut the rules-based international order that run counter to our values and interests.” 

On July 6, Christopher Wray, director of the FBI, and Ken McCallum, director general of Britain’s MI5, held a joint news conference in London to announce that China was the “biggest long-term threat to our economic and national security.” They accused China, like Russia, of interfering in U.S. and U.K. elections. Wray warned the business leaders they addressed that the Chinese government was “set on stealing your technology, whatever it is that makes your industry tick, and using it to undercut your business and dominate your market.”

This inflammatory rhetoric presages an ominous future.

One cannot talk about war without talking about markets. The political and social turmoil in the U.S., coupled with its diminishing economic power, has led it to embrace NATO and its war machine as the antidote to its decline.

Washington and its European allies are terrified of China’s trillion-dollar Belt and Road Initiative (BRI) meant to connect an economic bloc of roughly 70 nations outside U.S. control. The initiative includes the construction of rail lines, roads and gas pipelines that will be integrated with Russia. Beijing is expected to commit $1.3 trillion to the BRI by 2027. China, which is on track to become the world’s largest economy within a decade, has organized the Regional Comprehensive Economic Partnership, the world’s largest trade pact of 15 East Asian and Pacific nations representing 30 percent of global trade. It already accounts for 28.7 percent of the Global Manufacturing Output, nearly double the 16.8 percent of the U.S. 

China’s rate of growth last year was an impressive  8.1 percent, although slowing to around 5 percent this year.  By contrast, the U.S.’s growth rate in 2021 was 5.7 percent — its highest since 1984 — but is predicted to fall below 1 percent this year, by the New York Federal Reserve.

If China, Russia, Iran, India and other nations free themselves from the tyranny of the U.S. dollar as the world’s reserve currency and the international Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging network financial institutions use to send and receive information such as money transfer instructions, it will trigger a dramatic decline in the value of the dollar and a financial collapse in the U.S. The huge military expenditures, which have driven the U.S. debt to $30 trillion, $ 6 trillion more than the U.S.’s entire GDP, will become untenable. Servicing this debt costs $300 billion a year. We spent more on the military in 2021, $ 801 billion which amounted to 38 percent of total world expenditure on the military, than the next nine countries, including China and Russia, combined. The loss of the dollar as the world’s reserve currency will force the U.S. to slash spending, shutter many of its 800 military bases overseas and cope with the inevitable social and political upheavals triggered by economic collapse. It is darkly ironic that NATO has accelerated this possibility.

Russia, in the eyes of NATO and U.S. strategists, is the appetizer. Its military, NATO hopes, will get bogged down and degraded in Ukraine. Sanctions and diplomatic isolation, the plan goes, will thrust Vladimir Putin from power. A client regime that will do U.S. bidding will be installed in Moscow.

NATO has provided more than $8 billion in military aid to Ukraine, while the US has committed nearly $54 billion in military and humanitarian assistance to the country.

China, however, is the main course. Unable to compete economically, the U.S. and NATO have turned to the blunt instrument of war to cripple their global competitor. 

The provocation of China replicates the NATO baiting of Russia.

NATO expansion and the 2014 US-backed coup in Kyiv led Russia to first occupy Crimea, in eastern Ukraine, with its large ethnic Russian population, and then to invade all of Ukraine to thwart the country’s efforts to join NATO. 

The same dance of death is being played with China over Taiwan, which China considers part of Chinese territory, and with NATO expansion in the Asia Pacific. China flies warplanes into Taiwan’s air defense zone and the U.S. sends naval shipsthrough the Taiwan Strait which connects the South and East China seas. Secretary of State Antony Blinken in May called China the most serious long-term challenge to the international order, citing its claims to Taiwan and efforts to dominate the South China Sea. Taiwan’s president, in a Zelensky-like publicity stunt, recently posed with an anti-tank rocket launcher in a government handout photo.

The conflict in Ukraine has been a bonanza for the arms industry, which, given the humiliating withdrawal from Afghanistan, needed a new conflict. Lockheed Martin’s stock prices are up 12 percent. Northrop Grumman is up 20 percent. The war is being used by NATO to increase its military presence in Eastern and Central Europe. The U.S. is building a permanent military base in Poland. The 40,000-strong NATO reaction force is being expanded to 300,000 troops. Billions of dollars in weapons are pouring into the region.

The conflict with Russia, however, is already backfiring. The ruble has soared to a seven-year high against the dollar. Europe is barreling towards a recession because of rising oil and gas prices and the fear that Russia could terminate supplies completely. The loss of Russian wheat, fertilizer, gas and oil, due to Western sanctions, is creating havoc in world markets and a humanitarian crisis in Africa and the Middle East. Soaring food and energy prices, along with shortages and crippling inflation, bring with them not only deprivation and hunger, but social upheaval and political instability. The climate emergency, the real existential threat, is being ignored to appease the gods of war.

The war makers are frighteningly cavalier about the threat of nuclear war. Putin warned NATO countries that they “will face consequences greater than any you have faced in history” if they intervened directly in Ukraine and ordered Russian nuclear forces to be put on heightened alert status. The proximity to Russia of U.S. nuclear weapons based in Belgium, Germany, Italy, Netherlands and Turkey mean that any nuclear conflict would obliterate much of Europe. Russia and the United States control about 90 percent of the world’s nuclear warheads, with around 4,000 warheads each in their military stockpiles, according to the Federation of American Scientists.

President Joe Biden warned that the use of nuclear weapons in Ukraine would be “completely unacceptable” and “entail severe consequences,” without spelling out what those consequences would be. This is what U.S. strategists refer to as “deliberate ambiguity.” 

The U.S. military, following its fiascos in the Middle East, has shifted its focus from fighting terrorism and asymmetrical warfare to confronting China and Russia. President Barack Obama’s national-security team in 2016 carried out a war game in which Russia invaded a NATO country in the Baltics and used a low-yield tactical nuclear weapon against NATO forces. Obama officials were split about how to respond. 

“The National Security Council’s so-called Principals Committee—including Cabinet officers and members of the Joint Chiefs of Staff—decided that the United States had no choice but to retaliate with nuclear weapons,” Eric Schlosser writes in The Atlantic. “Any other type of response, the committee argued, would show a lack of resolve, damage American credibility, and weaken the NATO alliance. Choosing a suitable nuclear target proved difficult, however. Hitting Russia’s invading force would kill innocent civilians in a NATO country. Striking targets inside Russia might escalate the conflict to an all-out nuclear war. In the end, the NSC Principals Committee recommended a nuclear attack on Belarus—a nation that had played no role whatsoever in the invasion of the NATO ally but had the misfortune of being a Russian ally.” 

The Biden administration has formed a Tiger Team of national security officials to run war games on what to do if Russia uses a nuclear weapon, according to The New York Times. The threat of nuclear war is minimized with discussions of “tactical nuclear weapons,” as if less powerful nuclear explosions are somehow more acceptable and won’t lead to the use of bigger bombs. 

At no time, including the Cuban missile crisis, have we stood closer to the precipice of nuclear war. 

“A simulation devised by experts at Princeton University starts with Moscow firing a nuclear warning shot; NATO responds with a small strike, and the ensuing war yieldsmore than 90 million casualties in its first few hours,” The New York Times reported.

The longer the war in Ukraine continues — and the U.S. and NATO seem determined to funnel billions of dollars of weapons into the conflict for months if not years — the more the unthinkable becomes thinkable. Flirting with Armageddon to profit the arms industry and carry out the futile quest to reclaim U.S. global hegemony is at best extremely reckless and at worst genocidal.

Global Planned Financial Tsunami Has Just Begun

Posted on by
1

By F. William Engdahl

Source: Global Research

Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.

The extent of the “cheap credit” bubble that the Fed, the ECB and Bank of Japan have engineered with buying up of bonds and maintaining unprecedented near-zero or even negative interest rates for now 14 years, is beyond imagination. Financial media cover it over with daily nonsense reporting , while the world economy is being readied, not for so-called “stagflation” or recession. What is coming now in the coming months, barring a dramatic policy reversal, is the worst economic depression in history to date. Thank you, globalization and Davos.

Globalization

The political pressures behind globalization and the creation of the World Trade Organization out of the Bretton Woods GATT trade rules with the 1994 Marrakesh Agreement, ensured that the advanced industrial manufacturing of the West, most especially the USA, could flee offshore, “outsource” to create production in extreme low wage countries. No country offered more benefit in the late 1990s than China. China joined WHO in 2001 and from then on the capital flows into China manufacture from the West have been staggering. So too has been the buildup of China dollar debt. Now that global world financial structure based on record debt is all beginning to come apart.

When Washington deliberately allowed the September 2008 Lehman Bros financial collapse, the Chinese leadership responded with panic and commissioned unprecedented credit to local governments to build infrastructure. Some of it was partly useful, such as a network of high-speed railways. Some of it was plainly wasteful, such as construction of empty “ghost cities.” For the rest of the world, the unprecedented China demand for construction steel, coal, oil, copper and such was welcome, as fears of a global depression receded. But the actions by the US Fed and ECB after 2008, and of their respective governments, did nothing to address the systemic financial abuse of the world’s major private banks on Wall Street and Europe , as well as Hong Kong.

The August 1971 Nixon decision to decouple the US dollar, the world reserve currency, from gold, opened the floodgates to global money flows. Ever more permissive laws favoring uncontrolled financial speculation in the US and abroad were imposed at every turn, from Clinton’s repeal of Glass-Steagall at the behest of Wall Street in November 1999. That allowed creation of mega-banks so large that the government declared them “too big to fail.” That was a hoax, but the population believed it and bailed them out with hundreds of billions in taxpayer money.

Since the crisis of 2008 the Fed and other major global central banks have created unprecedented credit, so-called “helicopter money,” to bailout the major financial institutions. The health of the real economy was not a goal. In the case of the Fed, Bank of Japan, ECB and Bank of England, a combined $25 trillion was injected into the banking system via “quantitative easing” purchase of bonds, as well as dodgy assets like mortgage-backed securities over the past 14 years.

Quantitative madness

Here is where it began to go really bad. The largest Wall Street banks such as JP MorganChase, Wells Fargo, Citigroup or in London HSBC or Barclays, lent billions to their major corporate clients. The borrowers in turn used the liquidity, not to invest in new manufacturing or mining technology, but rather to inflate the value of their company stocks, so-called stock buy-backs, termed “maximizing shareholder value.”

BlackRock, Fidelity, banks and other investors loved the free ride. From the onset of Fed easing in 2008 to July 2020, some $5 trillions had been invested in such stock buybacks, creating the greatest stock market rally in history. Everything became financialized in the process. Corporations paid out $3.8 trillion in dividends in the period from 2010 to 2019. Companies like Tesla which had never earned a profit, became more valuable than Ford and GM combined. Cryptocurrencies such as Bitcoin reached market cap valuation over $1 trillion by late 2021. With Fed money flowing freely, banks and investment funds invested in high-risk, high profit areas like junk bonds or emerging market debt in places like Turkey, Indonesia or, yes, China.

The post-2008 era of Quantitative Easing and zero Fed interest rates led to absurd US Government debt expansion. Since January 2020 the Fed, Bank of England, European Central Bank and Bank of Japan have injected a combined $9 trillion in near zero rate credit into the world banking system. Since a Fed policy change in September 2019, it enabled Washington to increase public debt by a staggering $10 trillion in less than 3 years. Then the Fed again covertly bailed out Wall Street by buying $120 billion per month of US Treasury bonds and Mortgage-Backed Securities creating a huge bond bubble.

A reckless Biden Administration began doling out trillions in so-called stimulus money to combat needless lockdowns of the economy. US Federal debt went from a manageable 35% of GDP in 1980 to more than 129% of GDP today. Only the Fed Quantitative Easing, buying of trillions of US government and mortgage debt and the near zero rates made that possible. Now the Fed has begun to unwind that and withdraw liquidity from the economy with QT or tightening, plus rate hikes. This is deliberate. It is not about a stumbling Fed mis-judging inflation.

Energy drives the collapse

Sadly, the Fed and other central bankers lie. Raising interest rates is not to cure inflation. It is to force a global reset in control over the world’s assets, it’s wealth, whether real estate, farmland, commodity production, industry, even water. The Fed knows very well that Inflation is only beginning to rip across the global economy. What is unique is that now Green Energy mandates across the industrial world are driving this inflation crisis for the first time, something deliberately ignored by Washington or Brussels or Berlin.

The global shortages of fertilizers, soaring prices of natural gas, and grain supply losses from global draught or exploding costs of fertilizers and fuel or the war in Ukraine, guarantee that, at latest this September-October harvest time, we will undergo a global additional food and energy price explosion. Those shortages all are a result of deliberate policies.

Moreover, far worse inflation is certain, due to the pathological insistence of the world’s leading industrial economies led by the Biden Administration’s anti-hydrocarbon agenda. That agenda is typified by the astonishing nonsense of the US Energy Secretary stating, “buy E-autos instead” as the answer to exploding gasoline prices.

Similarly, the European Union has decided to phase out Russian oil and gas with no viable substitute as its leading economy, Germany, moves to shut its last nuclear reactor and close more coal plants. Germany and other EU economies as a result will see power blackouts this winter and natural gas prices will continue to soar. In the second week of June in Germany gas prices rose another 60% alone. Both the Green-controlled German government and the Green Agenda “Fit for 55” by the EU Commission continue to push unreliable and costly wind and solar at the expense of far cheaper and reliable hydrocarbons, insuring an unprecedented energy-led inflation.

Fed has pulled the plug

With the 0.75% Fed rate hike, largest in almost 30 years, and promise of more to come, the US central bank has now guaranteed a collapse of not merely the US debt bubble, but also much of the post-2008 global debt of $303 trillion. Rising interest rates after almost 15 years mean collapsing bond values. Bonds, not stocks, are the heart of the global financial system.

US mortgage rates have now doubled in just 5 months to above 6%, and home sales were already plunging before the latest rate hike. US corporations took on record debt owing to the years of ultra-low rates. Some 70% of that debt is rated just above “junk” status. That corporate non-financial debt totaled $9 trillion in 2006. Today it exceeds $18 trillion. Now a large number of those marginal companies will not be able to rollover the old debt with new, and bankruptcies will follow in coming months. The cosmetics giant Revlon just declared bankruptcy.

The highly-speculative, unregulated Crypto market, led by Bitcoin, is collapsing as investors realize there is no bailout there. Last November the Crypto world had a $3 trillion valuation. Today it is less than half, and with more collapse underway. Even before the latest Fed rate hike the stock value of the US megabanks had lost some $300 billion. Now with stock market further panic selling guaranteed as a global economic collapse grows, those banks are pre-programmed for a new severe bank crisis over the coming months.

As US economist Doug Noland recently noted, “Today, there’s a massive “periphery” loaded with “subprime” junk bonds, leveraged loans, buy-now-pay-later, auto, credit card, housing, and solar securitizations, franchise loans, private Credit, crypto Credit, DeFi, and on and on. A massive infrastructure has evolved over this long cycle to spur consumption for tens of millions, while financing thousands of uneconomic enterprises. The “periphery” has become systemic like never before. And things have started to Break.”

The Federal Government will now find its interest cost of carrying a record $30 trillion in Federal debt far more costly. Unlike the 1930s Great Depression when Federal debt was near nothing, today the Government, especially since the Biden budget measures, is at the limits. The US is becoming a Third World economy. If the Fed no longer buys trillions of US debt, who will? China? Japan? Not likely.

Deleveraging the bubble

With the Fed now imposing a Quantitative Tightening, withdrawing tens of billions in bonds and other assets monthly, as well as raising key interest rates, financial markets have begun a deleveraging. It will likely be jerky, as key players like BlackRock and Fidelity seek to control the meltdown for their purposes. But the direction is clear.

By late last year investors had borrowed almost $1 trillion in margin debt to buy stocks. That was in a rising market. Now the opposite holds, and margin borrowers are forced to give more collateral or sell their stocks to avoid default. That feeds the coming meltdown. With collapse of both stocks and bonds in coming months, go the private retirement savings of tens of millions of Americans in programs like 401-k. Credit card auto loans and other consumer debt in the USA has ballooned in the past decade to a record $4.3 trillion at end of 2021. Now interest rates on that debt, especially credit card, will jump from an already high 16%. Defaults on those credit loans will skyrocket.

Outside the US what we will see now, as the Swiss National Bank, Bank of England and even ECB are forced to follow the Fed raising rates, is the global snowballing of defaults, bankruptcies, amid a soaring inflation which the central bank interest rates have no power to control. About 27% of global nonfinancial corporate debt is held by Chinese companies, estimated at $23 trillion. Another $32 trillion corporate debt is held by US and EU companies. Now China is in the midst of its worst economic crisis since 30 years and little sign of recovery. With the USA, China’s largest customer, going into an economic depression, China’s crisis can only worsen. That will not be good for the world economy.

Italy, with a national debt of $3.2 trillion, has a debt-to-GDP of 150%. Only ECB negative interest rates have kept that from exploding in a new banking crisis. Now that explosion is pre-programmed despite soothing words from Lagarde of the ECB. Japan, with a 260% debt level is the worst of all industrial nations, and is in a trap of zero rates with more than $7.5 trillion public debt. The yen is now falling seriously, and destabilizing all of Asia.

The heart of the world financial system, contrary to popular belief, is not stock markets. It is bond markets—government, corporate and agency bonds. This bond market has been losing value as inflation has soared and interest rates have risen since 2021 in the USA and EU. Globally this comprises some $250 trillion in asset value a sum that, with every fed interest rise , loses more value. The last time we had such a major reverse in bond values was forty years ago in the Paul Volcker era with 20% interest rates to “squeeze out inflation.”

As bond prices fall, the value of bank capital falls. The most exposed to such a loss of value are major French banks along with Deutsche Bank in the EU, along with the largest Japanese banks. US banks like JP MorganChase are believed to be only slightly less exposed to a major bond crash. Much of their risk is hidden in off-balance sheet derivatives and such. However, unlike in 2008, today central banks can’t rerun another decade of zero interest rates and QE. This time, as insiders like ex-Bank of England head Mark Carney noted three years ago, the crisis will be used to force the world to accept a new Central Bank Digital Currency, a world where all money will be centrally issued and controlled. This is also what Davos WEF people mean by their Great Reset. It will not be good. A Global Planned Financial Tsunami Has Just Begun.

How to Transform Lambs into Lions

Posted on by
1

By Gary Z McGee

Source: The New Agora

“Rise and rise again, until lambs become lions.”

Step 1.) Realize that imagination is superior to reason:

“Necessary illusions enable us to live.” ~Ingmar Bergman

Before transformation, before self-empowerment, even before courage, there must be imagination. If you cannot even think outside your tiny lamb’s box, how will you ever be able to transform yourself into a lion powerful enough to trample it?

Thus, imagination is foremost. It is even more important than reason. Because reason is telling you that you’re just a little lamb stuck in a little lamb world with mighty wolf laws keeping you in check, docile, and immure. So, you will have to sacrifice reason to imagination in order to gain the wherewithal to challenge the system. Most of which is religious smoke and mirrors, a political song and dance, and merely a cultural cartoon playing itself out in your brain.

You must be able to transcend the box that has you thinking like a lamb before you can gain the courage to crush it. Mind must come before matter in this matter. It’s a delicate epistemological balancing act, a precarious existential highwire show, an intellectually Herculean task requiring Promethean audacity. And it is one that you will probably fail at.

This is because cognitive dissonance itself will be your greatest enemy. Which means you will be your greatest enemy. Therefore, the most important part of realizing that imagination is superior to reason is understanding the importance of staying ahead of the curve of your own human conditioning. In short: it means getting out of—and then staying out of—your own way.

This will require putting your Ego on a leash. Which will require resurrecting the only thing that can keep it on a leash: your Soul.

Step 2.) Take a leap of courage out of faith:

“It is the certainty that they possess the truth that makes men cruel.” ~Anatole France

After you’ve managed to think outside your tiny lamb’s box through the power of imagination, it’s time to crawl out of it. But how do you do that? The simple answer is courage. In particular: a leap of courage. In more particular: a leap of courage out of faith (rigid certainty) and into fortitude (flexible curiosity).

But first, we need some context. What exactly is it that’s buttressing your lamb’s faith? What is it in particular that’s propping up your lamb’s rigid certainty? What is it precisely that is keeping you conditioned, indoctrinated, and/or brainwashed into believing a certain way?

Put simply: it’s the pettiness of your ego. Put a bit more complexly: it’s the culturally conditioned aspect of yourself projected onto the world. Put concisely: It’s the socially constructed part of you that you have subconsciously used as an identity to engage with reality.

But what happens when—having used the power of imagination over reason—you finally realize that this culturally conditioned aspect of you is limiting you and keeping you inside the box? What happens when you finally see how it is the culturally constructed ego that is keeping you meek, weak, and courage-less in your lamb-hood? What happens when you finally understand what’s preventing you from becoming a lion?

Now enter Ego Death. Most people falsely assume that Ego Death means killing off the ego. This is not what it means. Ego Death means annihilation. The ego is annihilated in the “cocoon” of “death” in order to emerge as the “butterfly” of the soul. Ego Death is more of a rebirth than it is a destruction.

The metaphor of the cocoon is trite but important. The invulnerable ego must die in order for the vulnerable soul to be born. Certainty must die for curiosity to be born. Attachment must die for detachment to be born. Rigidity must die for flexibility to be born.

Taking a leap of courage out of your tiny lamb’s box (faith) must take place in order to cure the disease of certainty with the medicine of curiosity. Without curiosity there is no openness to new knowledge, there is no flexibility of thought, there is no plasticity of spirit. Without curiosity there is no way you will be able to integrate your shadow. Which is the next vital step in how to transform a lamb into a lion.

3.) Integrate the shadow:

“My devil had long been caged; he came out roaring.” ~Dr. Jekyll

With your curiosity in front of you and your certainty behind you, you now have the existential plasticity to face the Underdark of Yourself. Your certainty is shattered glass behind you as you walk “barefoot” into yourself. Your curiosity is a blazing light inside you, shining into the darkness, making the darkest parts of yourself light up into glorious conscious awareness.

Having been hidden, hushed, and repressed for so long, the shadows come alive. They dance with fierce revivification. They laugh with thirsty desire. They sing with jovial howls. They are finally seen, felt, heard. And they are hungry. Their appetite slams together inside you, a soul-quaking shockwave, shaking you to the core. They join forces to become the shadow aspect, the inner beast reborn, primal darkness incarnate.

It rises up inside you, an alien demon taking over, seemingly separate at first, but finally coalescent. In the end, you realize that it is more you than your previous self could have ever hoped to be. More real. More primal. More vital to becoming the best version of yourself than anything that could have come before. It transforms your delicate sheepishness into fierce lionheartedness.

You feel more alive than ever. A sacred alignment manifests. The pieces of your puzzled self-paradoxically click together. You feel whole, actualized, aware. Most of all, you feel hungry, thirsty, ravenous, voracious. Your lion appetite swallows your tiny sheep stomach whole. It’s finally time to eat—and eat well.

4.) Grow your teeth; sharpen your claws:

“We should go to heaven for form and to hell for energy and marry the two.” ~William Blake

Now that your shadow has been aligned with your light, it’s time to transform fear into fuel for the fire to come. It’s time to grow those teeth and sharpen those claws. It’s time for fierceness over pettiness, absolute vulnerability over resolute invulnerability, and courage over cowardice. In short: it’s time to start living a courage-based lifestyle rather than a fear-based one.

You do this by first honoring what came before. Honor the death of your Ego and its painful transformation into Soul. Honor the death of your naivete and its painful transformation into shadow alignment. Honor the death of your sheepishness and its painful transformation into lionheartedness.

Second, you must transform your roots into a crown. You must force your mortal coil into a vital halo. You must dig deep into the humus of your humanity and strike the primal lodestone. From the spark will come an energy that will sharpen your teeth, claws, and soul. It will propel you into animal greatness. It will teach you honor, humility, and humor. But it will also teach you fierceness, courage, and audaciousness.

It’s finally time to crush that outdated sheep’s box with your mighty lion’s paw.

5.) Draw a line in the sand; challenge all comers:

“The increasing dependence on the State is anything but a healthy symptom, it means that the whole nation is in a fair way to becoming a herd of sheep, constantly relying on a shepherd to drive them into good pastures. The shepherd’s staff soon becomes a rod of iron, and the shepherds turn into wolves.” ~Carl Jung

How does a lamb transform fear into courage and become the brave lion who is capable of keeping wolves in check? The lamb must first put itself in check by questioning why it believes what it believes about the way the world works.

The lamb must ask itself: Are my beliefs culturally conditioned by a sick society? Have I been brainwashed into believing a certain way by a religious or political party? Do I just blindly obey out of fear of losing my comfort, safety and security? And, most importantly of all, once I realize I’ve been mistaken, will I cease being mistaken or will I cease being honest?

It’s a tricky tightrope between fear and courage. The way toward freedom is not for the faint of heart. Which is probably why there are so few lions among men.

A lamb that can manage to question its fear-based lifestyle—a lifestyle built upon blind obedience, addiction to comfort, and reliance on wolves to keep them “safe”—is a lamb that has the potential to become a courageous lion.

If a lamb can manage to become a courageous lion, then the next step is to reveal its courage to the world. This requires a complex recipe of trust, vulnerability, adaptability, and risk-taking.

Lions realize that life is a risk. They embrace that risk with honor and courage. Where sheep fear making waves, lions relish in it. For they realize that sometimes you must rock the boat to keep it afloat.

Life is too short to be a bystander. Lions take a stand. They draw a line in the sand. They bare their teeth. They show their claws. They crush ultimatums through the power of their own moral autonomy. They ruthlessly reveal why the buck must stop here.

Lions are all too willing to cause trouble when the culture itself is troubled. They must. Trouble be damned! When society fails to regulate itself, the lionhearted must regulate society. This has always been the task of lions.

Saturday Matinee: Prescription Thugs

Posted on by
Reply

By Zach Hollwedel

Source: Under the Radar

In 2008, Chris Bell’s Bigger, Stronger, Faster* plunged into the (un)surprisingly rampant reality of athletic doping. Never a fly-on-the-wall documentarian, Bell organically infuses himself into his films, rendering them particularly potent. In the case of his fascinating 2008 exposé, Bell turned his lens on American bodybuilders’ use of steroids, with a particular focus on his own brother, Mike. Mike “Mad Dog” Bell was an aspiring WWE wrestler who, while struggling to achieve the stardom he so fully desired, took to using performance and muscle enhancers.

Now, seven years later, Chris Bell returns with a natural follow-up. Prescription Thugs examines the fallout of another substance abuse problem all too common in, though far from exclusive to professional sports. Perpetually banged and bruised in the ring, Mike Bell took to prescription drugs as a means of curing—or at least numbing—his ailing body. He was by no means alone. Chris Bell and his co-directors, Josh Alexander and Greg Young, interview a number of athletes whose dependency upon over the counter medications got the better of them.

Immensely relatable and genuine as the face of the film, Bell sheds tremendous light on America’s dependence on prescription medication, an addiction which he indicates was largely born in the Reagan years. Given his brother’s history—and, it turns out, his own—Bell approaches the problem from an extremely personal angle, and the honesty pays off in spades. We feel for Bell and his friends and family, as they break down—or defend—their perilous reliance upon pill popping. One of the most extreme cases is Matt “Horshu” Wiese, who at the acme of his addiction, was taking upwards of 90 pills a day. Horshu admits that part of his regimen included two Viagra each morning, “just in case.” Through interviews with his burly subjects—and also with homemakers and students, who inadvertently and unintentionally got hooked—Bell reveals how easily one pill can lead to two, can lead to ten or more. The genesis of the addiction often comes in the form of the “just ask your doctor” Rx ads that inundate television these days. Big pharma colludes to sell medication for virtually any and every imaginable symptom (some of which they basically fabricate), and when side effects present previously unfelt problems, they develop a secondary drug for those. So on and so forth, until consumers are hooked to a habit Bell reveals to be little different from a legalized form of heroin in some cases.

With Prescription Thugs, Bell again proves a consistent, affable filmmaker well versed in investigative filmmaking with a penchant for the personal.

www.prescriptionthugs.com

Watch Prescription Thugs on Kanopy here: https://www.kanopy.com/en/product/582224