Category Archives: Economics

I Used To Be Disgusted, Now I’m Disabused

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By Charles Hugh Smith

Source: Of Two Minds

It’s certainly possible to be disgusted, but being disabused of the fantasy that the system is self-correcting is the healthier perspective.

I used to be disgusted, now I’m disabused: beneath all the self-serving narratives, fad-memes and over-simplifications regurgitated as serious analysis, these are the core dynamics I see:

1. Imperial corruption of democracy and open markets. I described this in Regardless of Who’s Elected, Imperial Corruption Rules the Nation: the dynamic adaptive churn of unfettered representative democracy and open markets are anathema to insiders, vested interests and elites, each of which has gained asymmetric power by subverting democracy and markets to serve their private interests rather than the public interest / common good–phrases that are meaningless to insiders, vested interests and elites except as simulacra used for PR.

2. The Deep State, the unelected and unaccountable Administrative State. I’ve been discussing the Deep State before it entered common use–for example:

Going to War with the Political Elite You Have (May 14, 2007)

The Dollar and the Deep State (February 24, 2014)

Is the Deep State Fracturing into Disunity? (March 14, 2014)

The Administrative State has existed in some form in every nation-state / empire, but the U.S. Deep State only gained its vast global powers in World War II and the Cold War, where the lesson learned was the public may choose unwisely (for example, choosing appeasement over preparation) and so the really important decisions needed to preserve the nation cannot be left to parochial politicos in elected office–those decisions must be in the hands of those who know what has to be done.

Democracy is the rubber stamp for doing what’s necessary. Beyond that, it’s a potentially fatal hindrance. That’s the mindset of the Deep State, and if you and I were in upper-echelon positions in the Administrative State, we’d agree with this mindset when things get serious.

This mindset is a self-reinforcing group-think feedback loop: those who believe the public should set policy are weeded out, either by self-selection or via being sent to bureaucratic Siberia.

We’re protecting you. That’s all you need to know.

This opens the door to functionaries who came to do good but stayed to do well, i.e. those with the right credentials and connections to enter the Power Circle to “serve the public” but soon become insiders maximizing their own private gains. That’s the problem with the Administrative State: it’s ultimately unaccountable, not just to the public or elected officials but to itself.

3. Vested interests block adaptions that threaten their share of the spoils. Any advance that increases efficiency and productivity and furthers the public good is squelched, suppressed or co-opted by vested interests who rightly fear their share of the spoils might be diminished by advances that obsolete their particular cartel, monopoly or other embedded skim, scam, fraud, embezzlement or simply unproductive dead weight.

The status quo is thus locked into a death spiral as gatekeepers, insiders, vested interests and sold to the highest bidder politicos will protect vested interests even as the engines flood and the ship begins its long descent into the void.

How do otherwise smart people become so blind to what’s going on? They believe the status quo is so wealthy, so powerful, so clever, etc., that it will overcome any obstacles or crises because it’s always done so in the past, and so it is permanent, immutable, forever, and our supping at the trough of free money couldn’t possibly weaken such an enduring Leviathan.

This is the fatal fantasy of every empire. We’re too successful to fail and collapse. But oddly enough, faith in the permanence of success leads to the very collapse that’s deemed “impossible.”

4. Concentrations of wealth, power, capital and production fatally distort the economy and the social order. When “competition” has been reduced to two telecoms, two healthcare insurers, two pork processors, etc., the system has been stripped of adaptability and resilience.

When 10,000 small farmers each have 100 chickens, the stock of 1 million chickens is spread over a wide geography and entrepreneurial network of suppliers, wholesalers, etc. Bird flu may spread widely but it’s far more difficult to wipe out 10,000 small farms’ poultry compared to the ease of bird flu spreading in one giant factory that concentrates 1 million chickens in one facility. Supply chains stripped of network resilience are equally fragile and prone to disruption and collapse.

Concentrating any form of capital, production and power renders the system vulnerable to collapse due to the inherent weaknesses generated by replacing complex networks with vertical-integration under the control of a few cartels, monopolies, autocrats, gatekeepers or regulators–the latter two being easily influenced by political pressure and/or private gain.

It’s certainly possible to be disgusted, but being disabused of the fantasy that the system is self-correcting is the healthier perspective. Everything is forever until systemic weaknesses reveal themselves, typically at the most inopportune junctures.

Biotech Giants Using GMOs to Build Food Tyranny

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By Colin Todhunter

Source: Off-Guardian

The article below was written the day before India’s state-run biotech regulator, the Genetic Engineering Appraisal Committee (GEAC), approved genetically modified (GM) mustard for commercial cultivation. This decision was taken on 26 October 2022.

The regulatory clearance for GM mustard means the crop is fit for environmental release. However, the Supreme Court has yet to rule on the matter and government stated a while back that it would wait until that ruling is in.

What follows provides insight into the deceptions and scientific fraud that underpin this decision as well as the consequences for food and agriculture.

We are currently seeing rising food prices due to a combination of an engineered food crisis for geopolitical reasons, financial speculation by hedge funds, pension funds and investment banks and profiteeringby global grain trade conglomerates like Cargill, Louis Dreyfus, ADM and Bunge.

In addition, agri firms like Bayer, Syngenta (ChemChina) and Corteva cynically regard current circumstances as an opportunity to promote their agenda and seek commercialisation of unregulated and improperly tested genetically engineered (GE) technologies.

These companies have long promoted the false narrative that their hybrid seeds and their GE seeds, along with their agrichemicals, are essential for feeding a growing global population. This agenda is orchestrated by vested interests and career scientists – many of whom long ago sold their objectivity for biotech money – lobby groups and disgraced politiciansand journalists.

Meanwhile, in an attempt to deflect and sway opinion, these industry shills also try to depict their critics as being Luddites and ideologically driven and for depriving the poor of (GE) food and farmers of technology.

This type of bombast disintegrates when confronted with the evidence of a failing GE project.

As well as this kind of emotional blackmail, prominent lobbyists like Mark Lynas– unable or unwilling to acknowledge that genuine food security and food sovereignty can be achieved withoutproprietary products – trot out other baseless and absurd claims that industry critics are Kremlin stooges, while displaying their ignorance of geopolitics.

Indeed, who would you turn to for an analysis of current US-Russia relations? An advocate for GE foods and pesticides who makes inaccurate claims from his perch at the Gates Foundation-funded Cornell Alliance for Science. Or a renowned academic like Professor Michael Hudson whose specialist field covers geopolitics.

But it would not be the first time that an industry activist like Lynas has ventured beyond his field of claimed expertise to try to score points.

However, dirty tricks and smears are par for the course because the agri biotech emperor has been shown to have no clothes time and again – GE is a failing, often detrimental technology in search of a problem. And if the problem does not exist, the reality of food insecurity will be twisted to serve the industry agenda, and regulatory bodies and institutions supposedly set up to serve the public interest will be placed under intense pressure or subverted.

The performance of GE crops has been a hotly contested issue and, as highlighted in a 2018 piece by PC Kesavan and MS Swaminathan in the journal Current Science, there is sufficiently strong evidence to question their efficacy and the devastating impacts on the environment, human health and food security, not least in places like Latin America.

A new report by Friends of the Earth (FoE) Europe shows that big global biotech corporations like Bayer and Corteva, which together already control 40% of the global commercial seed market, are now trying to cement complete dominance. Industry watchdog GMWatch notes these companies are seeking to increase their control over the future of food and farming by extensively patenting plants and developing a new generation of genetically modified organisms (GMOs).

These companies are moving to patent plant genetic information that can occur naturally or as a result of genetic modification. They claim all plants with those genetic traits as their “invention”. Such patents on plants would restrict farmers’ access to seeds and impede breeders from developing new plants as both would have to ask for consent and pay fees to the biotech companies.

Corteva has applied for some 1,430 patents on new GMOs, while Bayer has applications for 119 patents.

Mute Schimpf, food campaigner at Friends of the Earth Europe, says:

Big biotech’s strategy is to apply for wide patents that would also cover plants which naturally present the same genetic characteristics as the GMOs they engineered. They will be lining their pockets from farmers and plant breeders, who in turn will have a restricted access to what they can grow and work with.”

For instance, GMWatch notes that Corteva holds a patent for a process modifying the genome of a cell using the CRISPR technique and claims the intellectual property rights to any cells, seeds and plants that include the same genetic information, whether in broccoli, maize, soy, rice, wheat, cotton, barley or sunflower.

The agri biotech sector is engaged in a corporate hijack of agriculture while attempting to portray itself as being involved in some kind of service to humanity.

And this is a global endeavour, which is also currently being played out in India.

GM MUSTARD

A recent report on the Down to Earth website stated that the Genetic Engineering Appraisal Committee (GEAC), India’s apex regulatory body, might approve the commercial cultivation of GM mustard. In response, concerned citizens have written to the government, objecting to the potential approval of unsafe, unneeded and unwanted GMOs.

The decision whether to allow the commercialisation of what would be the first GE food crop in India has been dragging on for years. COVID delayed the process, but a decision on GM mustard now appears to be close.

However, serious conflicts of interest, sleight of hand and regulatory delinquency – not to mention outright fraud – could mean the decision coming down in favour of commercialisation.

The bottom line is government collusion with global agribusiness, which is trying to hide in the background, despite much talk of Professor Pental and his team at Delhi University being independent developers of GM mustard (DMH 11).

GM mustard presents an opportunity to make various herbicide tolerant (HT) mustard hybrids using India’s best germ plasm, which would be an irresistible money spinner for the seed and chemical manufacturers.

In 2016, campaigner Aruna Rodrigues petitioned India’s Supreme Court seeking a moratorium on the release of any GMOs into the environment pending a comprehensive, transparent and rigorous biosafety protocol in the public domain conducted by agencies of independent expert bodies, the results of which are made public.

In her writ, Rodrigues stated:

In 2002, Proagro Seed Company (now Bayer), applied for commercial approval for exactly the same construct that Prof Pental and his team are now promoting as HT Mustard DMH 11. The reason today matches Bayer’s claim then of 20% better yield increase (than conventional mustard). Bayer was turned down because the ICAR [Indian Council of Agricultural Research] said that their field trials did not give evidence of superior yield.”

The petition says that 14 years later invalid field trials and unremittingly fraudulent data now supposedly provide evidence of a superior yield of 25%.

Rodrigues continues:

HT DMH 11 is the same Bayer HT GMO construct – a herbicide tolerant GMO of three alien genes. It employs, like the Bayer construct, pollen sterilisation technology BARNASE, with the fertility restorer gene BARSTAR (B & B system) (modified from the original genes sourced from a soil bacterium) and the herbicidal bar gene in each GMO parental line. The employment of the B & B system is to facilitate the making of hybrids as mustard is largely a self-pollinating crop (but outcrosses at rates of up to 20%). There is no trait for yield. HT DMH 11 is straightforwardly an herbicide tolerant (HT) crop, though this aspect has been consistently marginalised by the developers over the last several years.”

In order to produce a hybrid, two parent lines had to be genetically modified. Barnase and barstar technology was used in the parent lines. And the outcome is three GMOs: the two parents and the offspring, DMH 11, which will be ideal for working with glufosinate (Bayer’s ‘Liberty’ and ‘Basta’).

According to Rodrigues:

… the plan is that the official route for the first-time release of a HT crop and a food crop will be through HT DMH 11 and/or its two HT parental lines by stealth. Since the claimed YIELD superiority of HT DMH 11 through the B & B system over non-GMO varieties and hybrids is quite simply NOT TRUE…”

In her numerous affidavits submitted to India’s Supreme Court, Rodrigues has set out in some detail why GE crops are a threat to human health and the environment and are unsuitable for India. She briefly communicated some of her concerns in a 2020 interview titled GMO Issue Reaches Boiling Point in India: Interview with Aruna Rodrigues.

Moreover, various high-level reports have advised against introducing GM food crops to India: The ‘Jairam Ramesh Report’ of February 2010, imposing an indefinite moratorium on Bt Brinjal; The ‘Sopory Committee Report’ (August 2012); The ‘Parliamentary Standing Committee’ (PSC) Report on GM crops (August 2012); and The ‘Technical Expert Committee (TEC) Final Report’ (June-July 2013).

These reports conclude that GM crops are unsuitable for India and that existing biosafety and regulatory procedures are inadequate. Appointed by the Supreme Court, the TEC was scathing about the regulatory system prevailing in India, highlighting its inadequacies and inherent serious conflicts of interest. The TEC recommended a 10-year moratorium on commercial release of GM crops. The PSC also arrived at similar conclusions.

According to eminent lawyer Prashant Bhushan, these official reports attest to just how negligent India’s regulators are and to a serious lack of expertise on GM issues within official circles.

Aruna Rodrigues long ago noted the abysmal state of GMO regulatory oversight in the country and the need for the precautionary principle to be applied without delay. But not much has changed and the regulatory position basically remains the same.

Rodrigues asserts that the two parent lines and the hybrid DMH-11 require full independent testing, which has not occurred. And it has not occurred because of a conflict of interest and regulatory delinquency.

Rodrigues notes:

India is suddenly faced with the deregulation of GMOs. This is disastrous and alarming, without ethics and a scientific rationale.”

GM mustard is said to out-yield India’s best cultivars by 25-30%. The choice of the correct ‘comparators’ is an absolute requirement for the testing of any GMO to establish whether it is required in the first place. But Rodrigues argues that the choice of deliberately poor ‘comparators’ is at the heart of the fraud.

In the absence of adequate and proper testing and sufficient data, no statistically valid conclusions of mean seed yield (MSY) of DMH 11 could be drawn anyhow. Yet they were drawn by both the regulators and developers who furthermore self-conducted and supervised the trials. Without valid data to justify it, DMH 11 was allowed in pre-commercial large scale field trials in 2014-15.

For an adequate basis for a comparative assessment of MSY, Rodrigues argues it was absolutely necessary for the comparison to include the cross (hybrid) between the non-modified parental lines (nearest isogenic line), at the very start of the risk assessment process and throughout the subsequent stages of field testing, in addition to other recommended ‘comparators’. None of this was done.

Deliberately poor non-GMO mustard varieties were chosen to promote prospects for DMH 11 as a superior yielding GMO hybrid, which then passed through ‘the system’ and was allowed by the regulators, a classic non-sequitur by both the regulators and Dr Pental.

The fraud continued, according to Rodrigues, by actively fudging yield data of DMH 11 by 15.2% to show higher MSY. In her various Supreme Court petitions, she has offered a good deal of evidence to show how it was done.

Rodrigues says:

It matters not a jot if HT DMH 11 is not approved. What does matter is that its two HT (GMO) parental lines are: HT Varuna-barnase and HT EH 2-barstar will be used ‘for introgressing the bar-barnase and bar- barstar genes into new set of parental line to develop next generation of hybrids with higher yields” (according to the developer and regulator).”

She says this extraordinary admission confirms that the route to any number of ‘versions’ of HT mustard DMH 11 is invested in these two GMOs as parents – India will have hundreds of low-yielding HT mustard hybrids, using India’s best mustard cultivars at great harm to farmers and contaminating the country’s seeds and mustard germ plasm irreversibly.

In effect, according to Rodrigues, India faces a three-in-one regulatory jugglery in a brazen display of collusion to fraud the nation by regulatory institutions of governance.

Moreover, HT mustard DMH 11 will make no impact on the domestic production of mustard oil, which was a major reason why it was being pushed in the first place. The argument was that GM mustard would increase productivity and this would help reduce imports of edible oils.

Until the mid-1990s, India was virtually self-sufficient in edible oils. Then import tariffs were reduced, leading to an influx of cheap (subsidised) edible oil imports that domestic farmers could not compete with. This effectively devastated the home-grown edible oils sector and served the interests of palm oil growers and US grain and agriculture commodity company Cargill.

It came as little surprise that in 2013 India’s then Agriculture Minister Sharad Pawar accused US companies of derailing the nation’s oil seeds production programme.

Whether in India, Europe or elsewhere, the industry’s agenda is to use GE technology to secure intellectual property rights over all seeds (and chemical inputs) and thus gain total control over food and farming. And given what has been set out here – they seek to achieve this by all means necessary.

What Is To Be Done?

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By Paul Edwards

Source: Information Clearing House

Not an original title for a piece that will assert we are in a unique moment in world history?  No, Lenin used it to expose the cruelty and villainy of the empire that ruled Russians like a slave master.  Claiming we are in a “unique moment” is not original, either.  We Americans, with our caudal appendage, Europe, have been told time and again we are in “unique moments”, unmatched in its peril, so that it’s now routine to say it of every asinine Presidential election. 

I have spent a lifetime reading and listening to the best minds in journalism and reportage bemoan, attack, mourn, and decry the encyclopedia of lunacies and disasters our system has inflicted on our country, the world, and ourselves, its naive, ignorant people.

Since the Gulf War, and the rolling chain of shameful absurdities that followed—Iraq, Afghanistan, Libya, Syria, et.al.—in the idiotic dirty joke of the bumbling “War on Terror”, I have seen the mainstream press devoured by the Capitalist Monster to the point where all voices of integrity have been marginalized and expelled, then denounced and vilified by the diseased whores who slunk into their places.

Now, with America’s ridiculous, transparent, and contemptible falsity so obvious in every aspect of governance at home and abroad, I have seen the entire press converted into an organ of crude and dishonest propaganda for the Capitalist War Machine that is coldly, inhumanly  dictating our demise.  The viciously dishonest and relentlessly stupid storm of juvenile horseshit disseminated by all mainstream outlets— print, tv, and internet—is an ethical crime of diabolical dimensions.  Our government, with its cadre of vacuous, degraded simpletons, men and women of no intellectual size, depth, or scope, profoundly ignorant yet arrogant in their smarmy inadequacy, is restricting and distorting knowingly all truth that conflicts with the malign intentions of the War Lobby to pursue nuclear war with Russia until they get it.  And, of course, they need a second enemy and so must tell China what it can and can’t do. Where do these moronic fuckers get the brass to try that shameless madness with Xi and his power? 

And this is done while the few strong voices of courage and integrity that, against all the power of money and corruption of The Empire, continue to try to provide an educating effect through reason and evidence, are exiled and suppressed from platforms of influence.

I have long wondered at their dedication and staying power in the face of the cynical, unwarranted abuse they get, including, of course, from their supposed colleagues who, collectively, aren’t worth the powder to blow them to hell, as my Dakota Grandpa used to say.  I can only assume they are held together, in place, by the unbreakable fiber of integrity in them that they have no choice but to honor.  

And yet, though those few and proud speak out against false America and denounce it where denunciation is richly warranted, I feel, even in their most blistering analyses that there is a conviction, a certainty, an honest, incontestable statement of truth, that is missing.  I had hoped to hear it expressed by those who have great credibility, and great reputations, profiles and followings, but I have been disappointed.

My list of heroes is not long.  I acknowledge them as the heirs to the great ones before: Ed Murrow, Eric Sevareid, David Brinkley, Walter Cronkite, Sy Hersh, David Halberstam.  I include among the present greats Chris Hedges, John Pilger, Aaron Mate, Michael Brenner, Max Blumenthal, Patrick Lawrence, Glenn Greenwald, Edward Snowden, Chelsea Manning, and Julian Assange.

All of them have done honest, deeply informed work to counter the rampant imbecility and cruelty of the American government and its stenographers, the press.  The one conclusion none has plainly stated, that all have suggested, is neither obscure nor complicated.

It is this: America can not be reformed or improved under Capitalism. Its corrupt, rotten burlesque democracy must and will be destroyed.  Not by any action of the torpid, gelded, stupid people.  It will come, and soon, by financial chaos and meltdown, or by nuclear war.

We are told that unless bold action is taken, unless we find the moral courage to act, unless we come together, get money out of politics, vote for better candidates, unless we do this, that, or the other thing, disaster will follow.  Sadly, that is all nonsense.   In fact, it makes no difference what we do: America, as a viable state, is finished.

This is intolerably painful to admit.  Every instinct of self-preservation, every human yearning for safety and justice rejects it.  All our training, our education, our immersion in bullshit propaganda screams against it but, admitted or not, it is fact, it is truth, and collapse of America’s baselessly arrogant, obscene, punishing oppression of the compliant world, already tenuous and strained, is coming.   And soon…

It is said to be easier for people to imagine the end of the world, than the end of Capitalism.  This will end soon when it will no longer be necessary to imagine either, because both will have happened.  In the same way that socio-political truth has been screened out by official deceit, environmental truth has been obscured and denied by our own and the world’s rulers.   What Capitalism has done to humans is trivial beside what it’s done to the earth and all living things.  In this, too, we are told that if we can just do this or that the world will recover and all will be well.  It won’t.   No matter what we do.  And that will almost certainly be what we have done up to now: nothing. 

Humans, mostly, are large, dull children.  They have a great need to feel loved, protected, pardoned, saved.  That’s why they were given religions by elites that have always owned them.  All dogmatic religions are bullshit by definition, their fatuous fraud shown up by every advance of knowledge from Galileo to the Webb Telescope.  

I, like all my kind, wish for mercy and grace, but I don’t look for it in a ludicrous infantile fantasy, or in deluded hope where there is clearly none.  Both religion and science, in the hands of priests and hustlers, have set us up for unavoidable misery and suffering, and arranged for the suicide of our species and the murder of the living world.  There is nothing you can do about this.  We have the ability to love those we hold dear, and the world we have known.  Let that be enough, for it is all you will ever have.

How “Food Shortages” & Economic Collapse Protects the Status Quo

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Engineered Food & Poverty Crises Secure Continued US Dominance

By Colin Todhunter

Source: Off-Guardian

In March 2022, UN Secretary-General Antonio Guterres warned of a “hurricane of hunger and a meltdown of the global food system” in the wake of the crisis in Ukraine.

Guterres said food, fuel and fertiliser prices were skyrocketing with supply chains being disrupted and added this is hitting the poorest the hardest and planting the seeds for political instability and unrest around the globe.

According to the International Panel of Experts on Sustainable Food Systems, there is currently sufficient food and no risk of global food supply shortages.

We see an abundance of food but skyrocketing prices. The issue is not food shortage but speculation on food commodities and the manipulation of an inherently flawed global food system that serves the interests of corporate agribusiness traders and suppliers of inputs at the expense of people’s needs and genuine food security.

The war in Ukraine is a geopolitical trade and energy conflict. It is largely about the US engaging in a proxy war against Russia and Europe by attempting to separate Europe from Russia and imposing sanctions on Russia to harm Europe and make it further dependent on the US.

Economist Professor Michael Hudson recently stated that ultimately the war is against Europe and Germany. The purpose of the sanctions is to prevent Europe and other allies from increasing their trade and investment with Russia and China.

Neoliberal policies since the 1980s have hollowed out the US economy. With its productive base severely weakened, the only way for the US to maintain hegemony is to undermine China and Russia and weaken Europe.

Hudson says that, beginning a year ago, Biden and the US neocons attempted to block Nord Stream 2 and all (energy) trade with Russia so that the US could monopolise it itself.

Despite the ‘green agenda’ currently being pushed, the US still relies on fossil fuel-based energy to project its power abroad. Even as Russia and China move away from the dollar, the control and pricing of oil and gas (and resulting debt) in dollars remains key to US attempts to retain hegemony.

The US knew beforehand how sanctions on Russia would play out. They would serve to divide the world into two blocks and fuel a new cold war with the US and Europe on one side with China and Russia being the two main countries on the other.

US policymakers knew Europe would be devastated by higher energy and food prices and food importing countries in the Global South would suffer due to rising costs.

It is not the first time the US has engineered a major crisis to maintain global hegemony and a spike in key commodity prices that effectively trap countries into dependency and debt.

In 2009, Andrew Gavin Marshall described how in 1973 – not long after coming off the gold standard – Henry Kissinger was integral to manipulating events in the Middle East (the Arab-Israeli war and the ‘energy crisis’). This served to continue global hegemony for the US, which had virtually bankrupted itself due to its war in Vietnam and had been threatened by the economic rise of Germany and Japan.

Kissinger helped secure huge OPEC oil price rises and thus sufficient profits for Anglo-American oil companies that had over-leveraged themselves in North Sea oil. He also cemented the petrodollar system with the Saudis and subsequently placed African nations, which had embarked on a path of (oil-based) industrialisation, on a treadmill of dependency and debt due to the spike in oil prices.

It is widely believed that the high-priced oil policy was aimed at hurting Europe, Japan and the developing world.

Today, the US is again waging a war on vast swathes of humanity, whose impoverishment is intended to ensure they remain dependent on the US and the financial institutions it uses to create dependency and indebtedness – the World Bank and IMF.

Hundreds of millions will experience (are experiencing) poverty and hunger due to US policy. These people (the ones that the US and Pfizer et al supposedly cared so much about and wanted to get a jab into each of their arms) are regarded with contempt and collateral damage in the great geopolitical game.

Contrary to what many believe, the US has not miscalculated the outcome of the sanctions placed on Russia. Michael Hudson notes energy prices are increasing, benefiting US oil companies and US balance of payments as an energy exporter. Moreover, by sanctioning Russia, the aim is to curtail Russian exports (of wheat and gas used for fertiliser production) and for agricultural commodity prices to therefore increase. This too will also benefit the US as an agricultural exporter.

This is how the US seeks to maintain dominance over other countries.

Current policies are designed to create a food and debt crisis for poorer nations especially. The US can use this debt crisis to force countries to continue privatising and selling off their public assets in order to service the debts to pay for the higher oil and food imports.

This imperialist strategy comes on the back of ‘COVID relief’ loans which have served a similar purpose. In 2021, an Oxfam review of IMF COVID-19 loans showed that 33 African countries were encouraged to pursue austerity policies. The world’s poorest countries are due to pay $43 billion in debt repayments in 2022, which could otherwise cover the costs of their food imports.

Oxfam and Development Finance International have also revealed that 43 out of 55 African Union member states face public expenditure cuts totalling $183 billion over the next five years.

The closure of the world economy in March 2020 (‘lockdown’) served to trigger an unprecedented process of global indebtedness.

Conditionalities mean national governments will have to capitulate to the demands of Western financial institutions. These debts are largely dollar-denominated, helping to strengthen the US dollar and US leverage over countries.

The US is creating a new world order and needs to ensure much of the Global South remains in its orbit of influence rather than ending up in the Russian and especially Chinese camp and its belt road initiative for economic prosperity.

Post-COVID, this is what the war in Ukraine, sanctions on Russia and the engineered food and energy crisis are really about.

Back in 2014, Michael Hudson stated that the US has been able to dominate most of the Global South through agriculture and control of the food supply. The World Bank’s geopolitical lending strategy has transformed countries into food deficit areas by convincing them to grow cash crops – plantation export crops – not to feed themselves with their own food crops.

The oil sector and agribusiness have been joined at the hip as part of US geopolitical strategy.

The dominant notion of ‘food security’ promoted by global agribusiness players like Cargill, Archer Daniel Midland, Bunge and Louis Dreyfus and supported by the World Bank is based on the ability of people and nations to purchase food. It has nothing to do with self-sufficiency and everything to do with global markets and supply chains controlled by giant agribusiness players.

Along with oil, the control of global agriculture has been a linchpin of US geopolitical strategy for many decades. The Green Revolution was exported courtesy of oil-rich interests and poorer nations adopted agri-capital’s chemical- and oil-dependent model of agriculture that required loans for inputs and related infrastructure development.

It entailed trapping nations into a globalised food system that relies on export commodity mono-cropping to earn foreign exchange linked to sovereign dollar-denominated debt repayment and World Bank/IMF ‘structural adjustment’ directives. What we have seen has been the transformation of many countries from food self-sufficiency into food deficit areas.

And what we have also seen is countries being placed on commodity crop production treadmills. The need for foreign currency (US dollars) to buy oil and food entrenches the need to increase cash crop production for exports.

The World Trade Organization’s Agreement on Agriculture (AoA) set out the trade regime necessary for this type of corporate dependency that masquerades as ‘global food security’.

This is explained in a July 2022 report by Navdanya International – Sowing Hunger, Reaping Profits – A Food Crisis by Design – which notes international trade laws and trade liberalisation has benefited large agribusiness and continue to piggyback off the implementation of the Green Revolution.

The report states that US lobby and trade negotiations were headed by former Cargill Investors Service CEO and Goldman Sachs executive – Dan Amstutz – who in 1988 was appointed chief negotiator for the Uruguay round of GATT by Ronald Reagan. This helped to enshrine the interests of US agribusiness into the new rules that would govern the global trade of commodities and subsequent waves of industrial agriculture expansion.

The AoA removed protection of farmers from global market prices and fluctuations. At the same time, exceptions were made for the US and the EU to continue subsidising their agriculture to the advantage of large agribusiness.

Navdanya notes:

“With the removal of state tariff protections and subsidies, small farmers were left destitute. The result has been a disparity in what farmers earn for what they produce, versus what consumers pay, with farmers earning less and consumers paying more as agribusiness middlemen take the biggest cut.”

‘Food security’ has led to the dismantling of food sovereignty and food self-sufficiency for the sake of global market integration and corporate power.

We need look no further than India to see this in action. The now repealed recent farm legislation in India was aimed at giving the country the ‘shock therapy’ of neoliberalism that other countries have experienced.

The ‘liberalising’ legislation was in part aimed at benefiting US agribusiness interests and trapping India into food insecurity by compelling the country to eradicate its food buffer stocks – so vital to the nation’s food security – and then bid for food on a volatile global market from agribusiness traders with its foreign reserves.

The Indian government was only prevented from following this route by the massive, year-long farmer protest that occurred.

The current crisis is also being fuelled by speculation. Navdanya cites an investigation by Lighthouse Reports and The Wire to show how speculation by investment firms, banks and hedge funds on agricultural commodities are profiting off rising food prices. Commodity future prices are no longer linked to actual supply and demand in the market but are based purely on speculation.

Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus and investment funds like Black Rock and Vanguard continue to make huge financial killings, resulting in the price of bread almost doubling in some poorer countries.

The cynical ‘solution’ promoted by global agribusiness to the current food crisis is to urge farmers to produce more and seek better yields as if the crisis is that of underproduction. It means more chemical inputs, more genetic engineering techniques and suchlike, placing more farmers in debt and trapped in dependency.

It is the same old industry lie that the world will starve without its products and requires more of them. The reality is that the world is facing hunger and rising food prices because of the system big agribusiness has instituted.

And it is the same old story – pushing out new technologies in search of a problem and then using crises as justification for their rollout while ignoring the underlying reasons for such crises.

Navdanya sets out possible solutions to the current situation based on principles of agroecology, short supply lines, food sovereignty and economic democracy – policies that have been described at length in many articles and official reports over the years.

As for fighting back against the onslaught on ordinary people’s living standards, support is gathering among the labour movement in places like the UK. Rail union leader Mick Lynch is calling for a working class movement based on solidarity and class consciousness to fight back against a billionaire class that is acutely aware of its own class interests.

For too long, ‘class’ has been absent from mainstream political discourse. It is only through organised, united protest that ordinary people will have any chance of meaningful impact against the new world order of tyrannical authoritarianism and the devastating attacks on ordinary people’s rights, livelihoods and standards of living that we are witnessing.

Peering Into the Crystal Ball, We See… Instability Leading to Collapse

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By Charles Hugh Smith

Source: Of Two Minds

We can only choose one: open, dynamic stability (evolution) or autocracy (instability and collapse).

When the fundamentals of life change, every organism must evolve or die. This is equally true of human organizations, societies and economies.

Evolution requires conserving what still works and experimenting until something comes along that works better. We call the fundamentals changing selective pressure and the process of experimenting with mutations / variations natural selection.

In genetic and epigenetics, this process is automatic. In human organizations, those in power influence the choice of what is conserved or replaced and what it’s replaced with. Those who benefit from the current arrangement will fight to conserve it as is, while those being weakened by selective pressure and those hoping to gain advantages with a new arrangement will fight for replacing the old with the new.

Longtime correspondent Ron G. recently shared an insightful economic characterization of this dynamic: wealth defense vs wealth creation. Those holding the system’s wealth have few incentives to risk changing the system, as those changes could undermine or erode their wealth. They have incentives to limit evolutionary forces that threaten their wealth as a means of defending their wealth.

Those who have lost wealth and those with little wealth have incentives to change the system to favor wealth creation.

We can describe the first as orthodoxy–evolution threatens the stability of the status quo, so limit evolution to the margins–and heretics being the second option that tosses out the status quo in favor of a more advantageous variation.

This isn’t either / or, of course. As Ron points out, corporations have incentives to both conserve stability and embrace variations that increase revenues and profits by expanding the markets for the company’s products. In Ron’s words: “The function of orthodoxy or corporate policy / rigor is to mitigate variations that would decrease stability.”

In other words, there’s a danger of throwing the baby out with the bath water. Dynamic equilibrium is based on a constant flux of variations and experiments–that is, low-level instability–continually modifying the system to maintain core stability.

Without this constant flux of low-level instability, sources of instability pile up, unnoticed and uncorrected, until they become consequential enough to destabilize the entire system. The system implodes, crashes, unravels, etc.

We can understand this flux of variations and experiments as evolutionary churn, and this churn requires two things: a steady flow of mutations / variations to feed the process of experimentation, and transparency so advantageous variations aren’t suppressed. In a transparent evolutionary system, data and information about each variation and experiment flows freely between all nodes in the system.

You see the problem. Those benefiting from the status quo are threatened by variations that could replace whatever is defending their wealth. Those in power benefit from the status quo, so their Job One is to suppress evolution by limiting transparency and variations, which include dissent.

Theoretically, those in power favor evolutionary advances that enhance their power and wealth, but anything that powerful is generally a two-edged sword: modified slightly, it could disrupt the entire status quo and fatally undermine their power.

So the safe bet is to suppress all evolutionary churn except those improvements which can be used to further cement their power. These are by definition autocratic.

You see the delicious irony: autocrats suppress evolutionary churn and transparency as threats, but evolutionary churn and transparency are the essential forces maintaining the system’s dynamic equilibrium. Once the system’s dynamic equilibrium decays, systemic instability builds up and eventually brings the entire system crashing down.

Because this process is obscured by authoritarian suppression of transparency, “nobody saw it coming.”

As those in power adopt ever stronger authoritarian measures to limit the potential threats of evolutionary churn and transparency, they accelerate the fatal instabilities building up within their self-serving, kleptocratic social, political and economic systems.

By suppressing the evolutionary churn and transparency that maintain the system’s dynamic equilibrium, they doom their regime to collapse.

The crystal ball isn’t cloudy, it’s crystal-clear: rising instability leading to collapse. “Nobody saw it coming” except those who understand evolution requires evolutionary churn and transparency.

Collapse is a perfectly good evolutionary solution. Stability is either dynamic or it’s not actually stable; it’s merely a simulacrum of stability sliding toward instability and ruin.

The better option is to embrace evolutionary churn and transparency and accept the trade-off: we can only choose one: open, dynamic stability (evolution) or autocracy (instability and collapse). Choose wisely, for once systems collapse there’s no turning back the clock.

It’s A Fact That Needs Repeating: The Federal Reserve Is A Suicide Bomber

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By Brandon Smith

Source: Alt-Market.us

For many years now I have been examining the policies and behaviors of the Federal Reserve because they are in fact the most powerful institution in the US, with far more influence over the fate of America than any single president or branch of government. They have the power to end the economic life of our country in a matter of moments. They hold their finger on the button of multiple financial nuclear bombs, and to this day there are people that still pretend as if they are a mere moderating presence subservient to the White House or Congress.

This is a fallacy proven by history and the admissions from central bankers own mouths. The Fed answers to no one in our government. They answer to a different set of masters, and the blame for the consequences of their policies falls to them and their cohorts.

Last year I published an article titled ‘The Fed’s Catch-22 Taper Is A Weapon, Not A Policy Error.’ In that article I predicted that the Fed would embark on a hiking spree on interest rates in response to inflationary/stagflationary events. I noted that:

“We are now at that stage again where price inflation tied to money printing is clashing with the stock market’s complete reliance on stimulus to stay afloat. There are some that continue to claim the Fed will never sacrifice the markets by tapering. I say the Fed does not actually care, it is only waiting for the right time to pull the plug on the US economy.”

At the time I received a lot of resistance to the idea. The usual argument was: “The fed will never raise rates and put stock markets at risk. Why would they destroy the golden goose?”

This position showcases a common misconception about the central bank and its purpose. You see, a lot of people think the Fed exists to keep the US economy afloat, and specifically to keep stock markets afloat. This is incorrect. Every single policy of the Fed since its inception has been a long train of abuses designed to slowly and scientifically whittle down the US economy and bring it to the point of extinction.

The next most common argument is: “Wouldn’t the fed sabotaging the economy eventually destroy them as well?”

The answer is YES, and they don’t care. If you have read my previous work on this issue then you know that the Fed is inexorably tied to the Bank for International Settlements (the “central bank of central banks”) and that they call the shots in terms of coordinated global banking initiatives. The BIS is a globalist institution, not an American one, and its agenda is ideologically globalist in nature. The Fed is a servant of globalism; and if the US economy or our currency need to be brought down through a controlled demolition in order to make the globalist dream of a one world socialist “Utopia” come true, that is exactly what the Fed will do.

I was able to predict that the Fed would continue onward with its interest rate hikes and hawkish position only because I acknowledge what the Fed really is: A suicide bomber. And, they have decided the time is ripe to hike interest rates into economic weakness, just like they did at the onset of the Great Depression.

At the beginning of the Depression the Fed increased interest rates after years of artificially stimulating markets with low cost debt. This prolonged the deflationary crash for many years after. It was not until decades later when former Fed chair Ben Bernanke gave a speech celebrating economist Milton Friedman’s 90th birthday that a central bank official finally admitted that the organization was culpable for the Depression debacle.

“In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn.

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” – Ben Bernanke, 2002

What Ben Bernanke did not admit to was that the engineered deflationary crisis greatly benefited the allies of the Fed – The international corporate bankers. Companies like JP Morgan and Chase National were suddenly in a prime position to seize unlimited power in the US.

So, they’ve done it before, why wouldn’t they do it again?

The next argument that I hear constantly is that the Fed is “ignorant” and they don’t know what they are doing. This is nonsense. Jerome Powell knows EXACTLY what he is doing, and here is the proof – In October of 2012 the Fed held a meeting in which Powell warned that markets and corporations had become addicted to the Fed’s easy money policies. If they decided to taper their stimulus measures and raise rates, there would be potentially disastrous blowback. Powell argued that:

“…I think we are actually at a point of encouraging risk-taking, and that should give us pause. Investors really do understand now that we will be there to prevent serious losses. It is not that it is easy for them to make money but that they have every incentive to take more risk, and they are doing so. Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy.” – Jerome Powell

As he admitted, it is indeed their strategy. Powell was not the Fed chairman at the time, so he may not have been aware of the full agenda, but he is certainly aware now. Why would Powell undertake the exact policy action he once warned would result in a full spectrum implosion of the credit bubble? Probably because he was told to.

Powell knows the history of the Great Depression and he knows what will happen when the Fed raises rates into economic weakness and he is doing it anyway. He already tried a test run of rate hikes back in 2018 and the results were not hard to figure out; markets began to tank. We should never forget that the central banks are fully cognizant of the effects of their endeavors. As I stated back in February:

“The rate hikes of 2018 were a test run for a more aggressive and deliberately engineered crisis down the road. The Fed has its own agenda, it does not care about protecting U.S. markets, nor does it even care about protecting the U.S. economy in general.

I hold that the Fed is a weapon for social and political change within America and part of its job is to greatly reduce the standard of living of the population while making it appear as if this decline is a “natural” consequence of the U.S. System.”

This leads us to the final question – What happens next?

That’s easy to answer: The fed continues to hike rates well into next year and will not reverse course or capitulate and return to stimulus. The dovish predictions were wrong. The people that said the Fed would not raise rates were wrong. The people that said the Fed would never remove support from stock markets were wrong. This process is ongoing and the effects will grow as the months pass, but those that were hoping for a manic return to the days of bailouts and QE are going to be deeply disappointed.

This is a stagflationary crash, and as such we are going to experience the worst of both deflationary and inflationary worlds. Prices will remain high while GDP goes negative. Sales will decline and jobs will decline as we enter into the end of this year. There is no way around this. The Fed will have all kinds of theories and misdirections on why these things are happening, and they will try to distract the public as much as possible in the meantime.

What the Fed will never do is admit that a crash is happening until it is too late for people to act. They will never warn the populace of the dangers and they will never tell people to prepare. Watch as they tap dance and tell the public that all the pain is “transitory.” Then, watch as the dust settles and they tell people that “no one could have seen this coming.” It’s all very predictable, because it’s all been done before.

FILMMAKER REVEALS THE TRUTH ABOUT SUBLIMINAL MESSAGES

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By Dylan Charles

Source: Waking Times

We’re all being conditioned to think and believe certain things without any rational explanation through subliminal messaging in advertising, music, film, television, political propaganda, and military psychological operations.

Considering the definition of the word subliminal – ‘existing or functioning below the threshold of consciousness’ – it is easy to downplay the power of this brainwashing technique because most people are not consciously aware that it is happening, yet, it is affecting their lives. Once you realize that subliminal messaging is real and start to pay attention, it becomes much easier to recognize the we are, indeed, all being conditioned to behave a certain way, to want certain things, and to believe in ideas, without being able to rationally explain why.

Below is a short video in which Jeff Warrick, the director of Programming the Nation (2011), offers his take on the truth about subliminal messaging. Warrick shares a few examples of messages embedded within ads, which are not likely to be seen consciously, but are admitted into the subconscious mind.

A common response to this type of revealing information is skepticism and disbelief that sexual innuendos or random words embedded in pictures or film will not impact a person’s willingness to buy a product.

Although it is a common assumption that sex sells because for most people it is associated with feelings of pleasure, excitement, enjoyment or even love, subliminal messaging is about much more than helping advertisers sell more product. These messages are designed to have an impact on general consumer behavior and affect people’s life patterns, thus molding society as a whole, creating and captivating more and more receptive consumers.

When bombarded with subliminal messaging, the mind is likely to trigger emotions, memories or feelings, without a person’s conscious recognition of why they feel a certain way. A person may not consciously realize why they start to become more attracted to certain behaviors, lifestyles or products, but they are more likely to succumb to the attraction.

“..subliminal ads are used as a technique not only to increase sales but is also used to divert youth and involve them in such type of behaviour which is only hazardous to the consumer.” ~ (Impact of Subliminal Messaging in TV Advertisements on Consumer Behaviour – A Case Study of Youth in Kashmir Province of J&K, Blue Ocean Research Journals, source)

Are subliminal messages contributing to a variety of economic, social, and political problems currently present in our culture, such as over-competitiveness, low self-esteem, obesity, over-consumption and debt? There are many examples that support this idea and demonstrate that subliminal messaging, over time, can have a powerful impact.

Take, for instance, advertising to women. If you look at any variety of ads that are targeted at women ages 18-35, an overwhelming majority will personify that women and girls should be thin, wear lots of makeup, style their hair in certain ways, and, of course, look very sexy. It almost appears as though it is the advertisers’ job to make young women feel bad about themselves.

See the following example of women in advertising in the video below:

Other examples are films such as the Rambo series of the 1980’s and the more resent American Sniper, which glorify mindless military self-sacrifice, torture and violence. They romanticize obedience to authority and unquestioning loyalty to a war-mongering government.

“‘American Sniper’ lionizes the most despicable aspects of U.S. society—the gun culture, the blind adoration of the military, the belief that we have an innate right as a “Christian” nation to exterminate the “lesser breeds” of the earth, a grotesque hypermasculinity that banishes compassion and pity, a denial of inconvenient facts and historical truth, and a belittling of critical thinking and artistic expression.” – Chris Hedges

Below is the complete documentary by Jeff Warrick, Programming the Nation, that offers a full history behind subliminal message. In the film, Warrick examines if subliminal messaging and other subconscious techniques have conditioned the United States public to become one of the highest consuming nations in the world, accounting for about 25 percent use of the worlds natural resources even though its populace makes up less than 5 percent of the global population.

Billionaires, Bunkers and Brain Damage

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“The rich are not like us”

By Mickey Z.

Source: Dissident Voice

Douglas Rushkoff has an article (based on his latest book) called “The super-rich ‘preppers’ planning to save themselves from the apocalypse,” in The Observer.

This excerpt gives you an idea of how the barbaric brain of a billionaire operates:

Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system, and asked: “How do I maintain authority over my security force after the event?” The event. That was their euphemism for the environmental collapse, social unrest, nuclear explosion, solar storm, unstoppable virus, or malicious computer hack that takes everything down.

This single question occupied us for the rest of the hour. They knew armed guards would be required to protect their compounds from raiders as well as angry mobs. One had already secured a dozen Navy Seals to make their way to his compound if he gave them the right cue. But how would he pay the guards once even his crypto was worthless? What would stop the guards from eventually choosing their own leader?

The billionaires considered using special combination locks on the food supply that only they knew. Or making guards wear disciplinary collars of some kind in return for their survival. Or maybe building robots to serve as guards and workers – if that technology could be developed “in time.” It’s as if they want to build a car that goes fast enough to escape from its own exhaust

I tried to reason with them. I made pro-social arguments for partnership and solidarity as the best approaches to our collective, long-term challenges. The way to get your guards to exhibit loyalty in the future was to treat them like friends right now, I explained. Don’t just invest in ammo and electric fences, invest in people and relationships. They rolled their eyes at what must have sounded to them like hippy philosophy.

After reading that, you may be wondering if the rich are brain-damaged. To which I reply: Why weren’t you thinking that all along and yes, they are brain-damaged. Some studies to consider:

There’s plenty more where that came from but, of course, all such “research” must be viewed with healthy skepticism. Personally, since I’m justifiably wary of “studies,” I’ll just look around to see — with my own three eyes — how the wealthiest humans on the planet have behaved since, well… forever.

Or consider the words of the immortal Dorothy Parker: “If you want to know what God thinks of money, just look at the people he gave it to.”

Translation: The billionaires are not going to save you — or ever help you. They’re running scared to get their brain-damaged butts into bunkers.

So, connect with your peers. Connect across “party” lines and ideological hive minds. Toss away your purity litmus tests and find common ground.

What will save us is what always saves us: community, resilience, compassion, open-mindedness, innovation, and imagination.