America’s Social Contract Is Broken

Design by Robomega

By Charles Hugh Smith

Source: Of Two Minds

I do not claim any expertise in social contract theory, but in broad brush we can delineate two implicit contracts: one between the citizenry and the state (government) and another between citizens.

We can distinguish between the two by considering a rural county fair. Most of the labor to stage the fair is volunteered by the citizenry for the good of their community and fellow citizens; they are not coerced to do so by the government, nor does the government levy taxes to pay its employees or contractors to stage the fair.

The social contract between citizens implicitly binds people to obeying traffic laws as a public good all benefit from, not because a police officer is on every street corner enforcing the letter of the law.

The social contract between the citizens and the state binds the government to maintaining civil liberties, equal enforcement of the rule of law, defending the nation, and in the 20th century, providing social welfare for the disadvantaged, disabled and low-income elderly.

Critiques of “trickle down economics” focus on income inequality as a key metric of the Social Contract: rising income inequality is de facto evidence that the Social Contract is broken.

I think this misses the key distinction in the Social Contract between citizens and the state, which is the legitimacy of the process of wealth creation and the fairness of the playing field and the referees, i.e. that no one is above the law.

Few people begrudge legitimately earned wealth, for example, the top athlete, the pop star, the tech innovator, the canny entrepreneur, the best-selling author, etc. The source of these individual’s wealth is transparent, and any citizen can decline to support this wealth creation by not paying money to see the athlete, not buying the author’s books, not shopping at the entrepreneur’s stores, etc.

The Social Contract is broken not just by wealth inequality per se but by the illegitimate process of wealth acquisition, i.e. the state has tipped the scales in favor of the few behind closed doors and routinely ignores or bypasses the intent of the law even as the state claims to be following the narrower letter of the law.

By this definition, the Social Contract in America has been completely smashed. One sector after another is dominated by cartel-state partnerships that are forged and enforced in obscure legislation written by lobbyists. Once the laws have been riddled with loopholes and the regulators have been corrupted, “no one is above the law” has lost all meaning.

Those who violate the intent of the law while managing to conjure an apparent compliance with the letter of the law are shysters, scammers and thieves who exploit the intricate loopholes of the system, all the while parading their compliance as evidence the system is fair and just. In this way, the judicial system becomes part of the illegitimate process of wealth accumulation.

In America, political and financial Elites are above the intent of the law. Is bribery of politicos illegal? Supposedly it is, but in practice it is entirely and openly legal.

This is the norm in banana republics, whose ledgers are loaded with thousands of codes and regulations that are routinely ignored by those in power. In the Banana Republic of America, financial crimes go uninvestigated, unindicted and unpunished: banks and their management are essentially immune to prosecution because the crimes are complex (tsk, tsk, it’s really too much trouble to investigate) and they’re “too big to prosecute.”

The rot has seeped from the financial-political Aristocracy to the lower reaches of the social order. The fury of those still working legitimate jobs and paying their taxes is grounded in a simple, obvious truth: America is now dominated by scammers, cheaters, grifters and those gaming the system, large and small, to increase their share of the swag.

The honest taxpayer is a chump, a mark who foolishly ponies up the swag that’s looted by the smart operators. Everyone knows that the vast majority of wealth accumulation in America flows not from transparent effort on a level playing field, but from persuading the Central State (the Federal government and the Federal Reserve) to enforce cartels and grant monopolistic favors such as tax shelters designed for a handful of firms and unlimited credit to private banks.

When scammers large and small live better than those creating value in the real economy, the Social Contract has ceased to exist. When the illegitimate process of wealth acquisition–a rigged playing field, a bought-off referee, and an Elite that’s above the law by every practical measure–dominates the economy and the political structure, the Social Contract has been shattered, regardless of how much welfare largesse is distributed to buy the complicity of state dependents.

Once the chumps and marks realize there is no way they can ever escape their exploited banana-republic status as neofeudal debt-serfs, the scammers, cheats and grifters large and small will be at risk of losing their perquisites. The fantasy in America is that legitimate wealth creation is still possible despite the visible dominance of a corrupt, venal, self-absorbed, parasitic, predatory Aristocracy. Once that fantasy dies, so will the marks’ support of the Aristocracy.

As Voltaire observed, “No snowflake in an avalanche ever feels responsible”: every claim, every game of the system, every political favor purchased is “fair and legal,” of course. This is precisely how empires collapse.

In broad brush, we can trace the transition from feudalism to capitalism to the present financialized, globalized cartel-state neofeudalism and next, to a synthesis built on the opposite of neofeudalism, which is decentralization, transparency, accountability, legitimacy and the adaptive churn of competing ideas and proposals.

Why Kim Dotcom Connects The DNC Email Leak To The Murder Of Seth Rich

By: b

Source: Moon of Alabama

Last week we learned a new fact about the DNC email leak in 2016 and of the events that likely led to the killing of Seth Rich.

A quite aggressive Wikipedia page discusses the Murder of Seth Rich:

The murder of Seth Rich occurred on July 10, 2016, at 4:20 a.m. in the Bloomingdale neighborhood of Washington, D.C. Rich died about an hour and a half after being shot twice in the back. The perpetrators were never apprehended; police suspected he had been the victim of an attempted robbery.

The 27-year-old Rich was an employee of the Democratic National Committee (DNC), and his murder spawned several right-wing conspiracy theories, including the false claim, contradicted by the law enforcement branches that investigated the murder, that Rich had been involved with the leaked DNC emails in 2016. It was also contradicted by the July 2018 indictment of 12 Russian military intelligence agents for hacking the e-mail accounts and networks of Democratic Party officials and by the U.S. intelligence community’s conclusion the leaked DNC emails were part of Russian interference in the 2016 United States elections. Fact-checking websites like PolitiFact, Snopes, and FactCheck.org stated that the theories were false and unfounded. The New York Times, the Los Angeles Times and The Washington Post wrote that the promotion of these conspiracy theories was an example of fake news.

Well, that is not what really had happened.

Yes, Seth Rich worked as IT administrator for the Democratic National Committee. He was a fan of Bernie Sanders. During the 2016 primaries DNC functionaries did their best to work against Bernie Sanders and for Hillary Clinton. To make that public Seth Rich collected an archive of all DNC emails, copied it onto an USB stick and looked for someone who would publish them.

UPDATE 20:00 UTC

The former British ambassador Craig Murray said that he was given the USB stick by an intermediary of a disgusted Democratic whistleblower and brought it from Washington DC to Wikileaks which eventually published the emails. The data involved were not only from the DNC but also from Clinton’s campaign chair John Podesta:

WikiLeaks made the DNC messages public in July and the incriminating emails from Podesta were published in October. The messages predominantly showed that DNC officials were bent on sabotaging the presidential campaign of Bernie Sanders in favor of Hillary Clinton. Murray insisted that the information was leaked and not hacked by Russia.

“Neither of the leaks came from the Russians. The source had legal access to the information. The documents came from inside leaks, not hacks…leakers were motivated by disgust at the corruption of the Clinton Foundation and the tilting of the primary election playing field against Bernie Sanders.”

/End Update/

Craig Murray did not mention Seth Rich. Up to last week we did not know if Seth Rich really made contact with Wikileaks.

But we did know that the DNC was never ‘hacked’ by anything Russia. The date/timestamps of the leaked files were consistent with local copying and inconsistent with an internet transfer. The company Crowdstrike which was hired to protect the DNC’s networks and which did an investigation into the case never observed an actual ‘Russian’ hack or any data exfiltration from the DNC network. As ITwire wrote in May 2020:

The controversial American security firm CrowdStrike, which was called in to investigate the alleged Russian hack of DNC servers in 2016, had no proof that any emails from the system had been exfiltrated despite public assertions that this had occurred, according to the transcript of an interview released by the US Government a few days ago.

The transcript was from an interview conducted with CrowdStrike’s president of services and chief security officer Shawn Henry by the US House Permanent Select Committee on Intelligence in December 2017, but only released to the US Special Counsel Robert Mueller who conducted a two-year inquiry into alleged Russian collusion in the 2016 presidential poll.

While the exfiltration of emails from the DNC server has been accepted as a proven fact, Henry’s answers to queries from committee members make it clear that this was definitely not the case.

In one typical exchange, Henry was asked, “What about the emails that everyone is so, you know, knowledgeable of? Were there also indicators that they were prepared but not evidence that they actually were exfiltrated?” To this Henry responded, “There’s not evidence that they were actually exfiltrated. There’s circumstantial evidence – but no evidence that they were actually exfiltrated.”

PolitiFact, Snopes and FactCheck.org are, unsurprisingly, wrong with their assertions.

But how did the emails find their way to Julian Assange at Wikileaks. Assange has never explained that. But Wikileaks set out a $20,000 reward for finding the killer of Seth Rich. That made it obvious that there was a connection between them but no one gave further explanations of it.

It took until last week for the world to learn more about what really happened. On April 21 some rather pungent NAFO activist, Pekka Kallionniemi, launched a Twitter thread with an attack on a person well known in IT circles:

Pekka Kallioniemi @P_Kallioniemi – 10:09 UTC · Apr 21, 2023

In today’s #vatniksoup, I’ll introduce a German-Finnish entrepreneur, conspiracy theorist and propagandist, Kim Dotcom. He’s best-known for his illegal online activities and projects, for his hate towards the US, and for his unwavering support for Putin’s imperialism.
1/18
[…]
In 2017, Dotcom claimed that he worked with Seth Rich, a US citizen and employee on the Democratic National Committee who was murdered during a suspected robbery.His death spawned..
10/18
[…]
..several conspiracy theories stating that he was a whistleblower who had leaked documents damning Hillary Clinton and her campaign manager, John Podesta. The hack-and-leak operation was actually conducted by Russian intelligence service GRU’s hacker group called Fancy Bear.
11/18

Who is Kim Dotcom you might ask:

Kim Dotcom (born Kim Schmitz; 21 January 1974), also known as Kimble and Kim Tim Jim Vestor, is a German-Finnish Internet entrepreneur and political activist who lives in Glenorchy, New Zealand.

Dotcom is the founder and former CEO of the defunct file hosting service Megaupload (2005–2012). In 2012, the United States Department of Justice seized its website and pressed charges against Dotcom, including criminal copyright infringement, money laundering, racketeering and wire fraud. Dotcom was residing in New Zealand at the time; at the request of US authorities, New Zealand police raided his home in 2012 and arrested him. Dotcom posted bail and has been going through legal proceedings ever since to avoid extradition to the United States.

In 2017, Dotcom played a role in spreading conspiracy theories about the murder of Seth Rich.

In May 2017 the Washington Post wrote:

When Seth Rich’s Gmail account received an alert this week from Mega.com, attempting to start a new account on a website created by the New Zealand-based Internet businessman and convicted hacker Kim Dotcom, his family knew that something was off.

Over seven frenzied days, Dotcom had become a leading purveyor of the theory that Rich, a staffer at the Democratic National Committee who was shot dead near his home in Northeast Washington last summer, had supplied DNC documents to WikiLeaks and was killed as a result. Multiple security analysts and an FBI investigation have tied the release to hackers with ties to Russia. D.C. police have said repeatedly that they think Rich was slain in a random robbery attempt.

According to experts and Rich’s family, the emailed invitation from welcome@mega.nz appeared to be an attempt to gain access to Rich’s email. Joel Rich, who monitors his late son’s Gmail account when new emails come in, did not click the link. Dotcom had not worked at Mega itself for years, but he was promising on Twitter to prove that the younger Rich had been in contact with WikiLeaks — and Fox News host Sean Hannity was telling his 2.37 million Twitter followers to be ready for a ­revelation.

Hannity had invited Dotcom to appear on his show for what he said on Twitter would be a “#GameChanger” interview. The implication: that Dotcom would finally offer evidence of his claim that Rich had sent internal DNC documents to WikiLeaks before his death.

All that began to unravel Tuesday afternoon when Fox News retracted a story that had claimed the same Rich-WikiLeaks connection, telling readers that the article was “not initially subjected to the high degree of editorial scrutiny we require for all our reporting.” Fox News did not respond to a request for comment, but Dotcom wrote on his website that he would not speak further about his allegations.

Since then little on the issue was heard from Kim Dotcom. There was no explanation why he was involved in the Seth Rich issue in the first place.

But after Pekka Kallionniemi’s attack was widely retweeted Kim Dotcom contested it:

Kim Dotcom @KimDotcom – 0:41 UTC · Apr 22, 2023

🧵 NAFO bullying exposed

I’m responding to an attempted character assassination by NAFO troll @P_Kallioniemi who prides himself with having attacked over 150 “pro-Russian actors and propagandists.”

His problem is that he picked the wrong guy for his cyber bullying.

Who is Pekka? A research fellow at Tampere University in Finland and a self-proclaimed disinformation expert. Ironic because most of the claims in his attack against me are false. I’m tagging the Dean of Tampere University @SaariJuho to make him aware of Pekka’s NAFO bullying.

First of all I’m in good company because some of the people Pekka has bullied on Twitter are @ggreenwald, @mtaibbi, @rustyrockets & @jimmy_dore. None are “Russian propagandists” or “grifters looking to make some easy money” as Pekka claims. They are truth-tellers, like myself.

False claim 1: Kim was deported from Thailand to Germany.<

Truth: I was never deported from Thailand. I left voluntarily.
[…]
False claim 6: Dotcom claimed that he worked with Seth Rich.

Truth: Seth Rich contacted me and offered information about the DNC. I rejected receiving the data personally and forwarded him to someone close to Wikileaks. That’s how Wikileaks got the DNC and Hillary Clinton leaks.

False claim 7: The (DNC) hack and leak operation was conducted by Russian intelligence.

Truth: A forensic analysis of the leaked DNC data by former US intelligence officials proved that it wasn’t remotely transferred. The meta data shows that the files were transferred locally.

The bold part is significant as it is first time that we learn:

  • That there was a direct connection between Seth Rich and Wikileaks.
  • Why Kim Dotcom had involved himself in the Seth Rich case after Rich had been killed.

You may say that the first claim is not new because many had presumed that. But no one involved had ever actually publicly made the claim. Dotcom’s assertion of this connection through him is new.

After contacting Kim Dotcom Seth Rich was pointed to someone else near to Wikileaks. Eventually Wikileaks asked Craig Murray to fly to DC and to bring the files to Wikileaks. The  Clinton server emails were published by Wikileaks in March 2016. The DNC emails were published in June and July 2016. The Podesta emails were published in October 2016.

I hope that Kim Dotcom will one day write down the complete sequence of events that are related to Seth Rich and the publishing of the Clinton, Podesta and DNC leaks by Wikileaks.

The Loss Of Free Speech Was Predictable And Preventable

By Patrick Wood

Source: Technocracy News & Trends

As technology has disrupted key elements of society, Technocrats have taken advantage of the chaos to not only implement their own agenda but also to erect barriers to competition or resistance. If this had been recognized early enough, it could have been easily blocked. Now, the mere barriers have hardened into fortresses.⁃ TN Editor

The First Amendment is at a critical juncture. Recent congressional hearings on the Twitter Files brought the matter into full public view. Freedom of speech and of the press are hanging by a precarious thread. Do we want a future in which information flows freely, or one in which an information elite controls those flows “for our own good?” The choices we make over the next few years will determine which of those futures we get.

It’s tragic that we have let the problem reach this dangerous state. What heightens the tragedy, however, is that the war against America’s most cherished freedoms was predictable and preventable. If those of us who value freedom want to win, we’re going to need a strategy grounded in a clear understanding of what’s happening and why.

The Twitter Files story is shocking. Allegations that big tech and social media manipulate information have been around for as long as we’ve had tech and social media companies. Allegations of bias among the mainstream media are even older. In recent years, however, both the allegations and the supporting evidence have ratcheted upward to unprecedented levels.

When Elon Musk acquired Twitter, he opened his company’s internal archives to scrutiny. He assembled a team of journalists with a curious pedigree: registered Democrats with a distaste for Donald Trump and his supporters, whose track records skewed considerably left of center, and whose recent work has demonstrated deep concern about the politicization of journalism.

Musk gave them unfettered access. They found a deep, broad, and disturbing pattern of collaboration between big government and big tech designed to promote “official stories” on multiple issues, throttle competing theories and arguments, and sanction those who dared to question government propaganda.

When two of those journalists – Matt Taibbi and Michael Shellenberger – testified before Congress, their Democratic inquisitors sought to belittle their credentials, question their motives, and tar them as part of some Republican-funded, far-right conspiracy. The still-left-leaning journalists are trying to absorb their shock at the depths to which the formerly civil-libertarian left has fallen.

Far from shocking, however, that fall was predictable – and predicted. In 2001, amidst the public disgust with tech companies following the collapse of the dotcom bubble, I set out to make sense of life during the transition from the late industrial age to the early information age. I analyzed what I called the first four front-page stories of the information age: the dotcom bubble, the Microsoft antitrust trial, the rise of open-source software, and the Napster-driven wars over digital music. Contrary to popular opinion of the time, I believed that these stories were far from distinct. I saw them as four manifestations of a single underlying phenomenon. My goal was to understand that phenomenon.

I found it. It appeared most clearly in the digital music arena, but it ran through all four stories – and through much that has happened since. It appears just as clearly in today’s war on free speech. It involves an entirely predictable pattern of opportunity, action, and reaction.

The starting point is digitization and quantification. The Internet changed the economics of information. Throughout human history, information was scarce, hard to acquire, and expensive to process. Skilled professionals – spies, scholars, lawyers, accountants, clerics, doctors – could command a premium for their knowledge. When the Internet went public, anything that could be digitized and quantified suddenly flowed freely. Information was there for the asking. The premium shifted to filtering – the ability to discard unwanted information and arrange what remained.

Economic shifts generate massive opportunities for creative, entrepreneurial people and bring glorious benefits to millions of consumers. The Internet was no exception in this regard, and neither was the predictable backlash against it. Anything that benefits new businesses and empowers consumers is a warning shot across the bow of powerful incumbents who’d grown accustomed to serving those consumers in a predictable, profitable, manner.

In the music industry, anything that let individual consumers share digital music files reduced the revenues, profits, power, and control of record labels. Pre-digitization, these powerful incumbents determined what music got recorded and how it was packaged, distributed, presented, and priced. It was a comfortable business model that gave us the music industry “as we knew it.” The Internet undermined it entirely.

Powerful incumbents never fade quietly into the night when challenged. They fight, using whatever weapons they can muster. In our society, the most effective ways to undermine new technological and economic opportunities tend to lie in law, regulation, and public policy. The record labels fought – largely successfully – to apply and reinterpret existing laws and to change laws in ways favorable to their interests.

There’s the pattern: Technology creates opportunities. New businesses exploit those opportunities. Consumers benefit. Powerful incumbents fear their loss of control. Threatened incumbents seek allies in government. Government changes laws and regulations to protect incumbent interests. Media campaigns “educate” the public on the merits of the new policies. The new laws ensure that the next wave of technological change runs largely through the powerful incumbents, rather than against them.

By 2003, I had distilled this pattern, showed numerous ways that it had already unfolded, predicted that it would soon hit parts of our economy and our lives far more significant than the music industry, and suggested some ways that we might prepare ourselves for the coming battles.

It took another two years to get my analysis published. It went largely unnoticed. Twelve years later, then-Senator Ben Sasse described the ways that this pattern had forever disrupted the dynamics of employment. This, too, went largely unnoticed.

Today, we see that disruptive pattern threatening the most basic of our civil liberties. Its manifestation in the arenas of speech, propaganda, and censorship is clear. Consider how each step in the process I identified above has played out here:

Technology creates opportunities. The Internet opened entirely new vistas for the creation and exchange of ideas, information, theories, opinions, propaganda, and outright lies.

New businesses exploit those opportunities. The companies founded since 1995 that created and control the world’s most important conduits for information have joined the ranks of history’s most powerful entities.

Consumers benefit. The centrality of these communication systems to our lives (for better or for worse) proves that they confer real value.

Powerful incumbents fear their loss of control. The twin political shocks of 2016 – Brexit and Donald Trump – highlighted the extent to which official channels had lost control of the narrative. With the entirety of elite media, government, big business, and the intelligentsia aligned behind Remain and Hillary, the newly empowered masses understood – for the first time – that there were viable alternatives to the official story.

Threatened incumbents seek allies in government. A coalition of elite forces assembled quickly, laser-focused on stomping out the populist threat. Masses empowered to conduct their own analyses, draw their own conclusions, and share their opinions among themselves threatened the stability of the power structure “as we know it.”

Government changes laws and regulations to protect incumbent interests. Prior to Musk’s Twitter, the entirety of Silicon Valley committed itself to “protecting” the public from “disinformation,” roughly defined as anything that threatened to undermine an official, sanctioned narrative. Allies throughout the administrative state, Congress, and the Biden White House are working to embed those “protections” in law.

Media campaigns “educate” the public on the merits of the new policies. The same mainstream media that vilified Napster, Grokster, and Peer-to-Peer (P2P) file sharing is now working to turn public opinion against the evil purveyors of alleged “disinformation.”

Will the information age be an era of informed, empowered citizens – or an era of a dominant, information-controlling elite? Stay tuned. That’s the question we need to answer.

‘Policing the Elite’s Technocracy: How Do We Resist This Effectively?

By Robert J. Burrowes

As has been carefully documented, under cover of the ‘virus’/‘vaccine’ narrative, the Global Elite is implementing long-planned and profound changes to 200 areas of human life.

In essence, as documented elsewhere – see ‘We Are Being Smashed Politically, Economically, Medically and Technologically by the Elite’s “Great Reset”: Why? How Do We Fight Back Effectively?’ – this program will kill off a substantial proportion of humanity, imprison those left alive as transhuman slaves in their ‘smart cities’ subject to their fourth industrial revolution technologies (including 5G, digital ID, CBDCs, geofencing, AI policing & a robotized workforce), enclose the Commons forever and transfer all wealth to Elite hands.

Needless to say, with some people already resisting and more people likely to perceive the truth of what is happening and join the resistance with the passage of time, policing the imposition of this program will be a critical factor in ensuring its success.

As indicated then, just one area in which profound change will take place is policing.

Future policing will be done by a smaller number of militarily-equipped police, transhuman police and technocratic police supported by corporate private security technology. In this article, I will briefly outline the key changes to policing, in these three distinct categories, and also explain why these changes must be resisted and how we can do this most effectively.

Fewer and Militarized Police

Reflecting a longer term trend, in 2019 the International Association of Chiefs of Police reported that ‘Law enforcement agencies across the United States are struggling to recruit and hire police officers.’ While police killings of innocent civilians – see ‘Mapping Police Violence’ and ‘Not just “a few bad apples”: U.S. police kill civilians at much higher rates than other countries’ – failed to rate a mention in the report, it did at least acknowledge ‘Scrutiny of the police, cellphone recordings of interactions between the police and public, media coverage, and popular entertainment portrayals of police have led many young people to view police differently than their parents may have.’ See ‘The State of Recruitment: A Crisis for Law Enforcement’.

In late 2021, two years into policing the pandemic, US police reported a substantially increased rate of retirement and resignation among police officers, with more than five times as many police leaving the New York Police Department in 2021 as left in 2020. According to the report: ‘In the wake of a spasmodic year of protests and pandemic, plus an aftermath of violent crime, the profession may be fast approaching a generational and possibly historic reckoning.’ See ‘Law enforcement faces unprecedented challenges in hiring and keeping recruits’.

On the other side of the world, where the Victoria Police had suffered an image-battering following their violent policing of protests against Covid-19 lockdown measures – see ‘Australia: Harsh Police Response During Covid-19’ – the situation was the same: ‘Victoria Police is facing a staffing crisis with an extra 1500 frontline officers needed, secret modelling has warned.’ See ‘Secret Report Reveals Victoria Police Facing a Staffing Crisis’.

Of course other police forces around the world suffered image batterings in response to their violent response to those protesting ‘pandemic’ lockdowns and other restrictions. See, for example, ‘Serbia: Violent police crackdown against COVID-19 lockdown protesters must stop’.

But on top of long-standing issues in relation to police numbers exacerbated by political direction of policing behaviour while enforcing ‘pandemic’ lockdown measures, it is clear that the number of serving police has been reduced throughout the past three years by using two additional mechanisms: In many places, forcing those who resisted the ‘kill shot’ to resign from service – see, for example, ‘Victoria Police facing exodus due to draconian Covid rules’ – and, everywhere, by killing off a proportion of the police who were mandated to take the shot (which will continue to have impact in the years ahead).

Apart from this, the damaged reputation police suffered as a result of their role in enforcing the Elite program against those people willing to nonviolently protest the violation of their constitutional and human rights, has meant that the conscience-based resignation rate of police has risen – see, for example, ‘Conscientious Resignation of Police Officer in Australia’ – while recruitment has suffered in many places.

Separately from this, other resignations and retirements have probably occurred following official interference to thwart conscientious police officers asked or attempting to investigate deaths from Covid-19 injections – see one initiative by New Zealand doctors to have the issue investigated (‘Deaths Following C-19 Vaccination’) which ran into government obstruction (‘Jacinda Ardern Left Reeling As New Zealand Police Look at Investigating COVID Jab Deaths’) and a Canadian officer punished for conducting an investigation (‘Ottawa police officer charged for examining COVID-19 vaccine deaths’). Of course, any attempts to expose injection deaths among police colleagues have no doubt been ‘discouraged’ despite evidence of their occurrence.

In any case, two critical questions to ask are these: Were government policies that led to police violence during the pandemic designed to provoke public anger and induce police retirements and resignations as ways of reducing police numbers easily? And was official interference in police decisions about whether or not to investigate injection deaths partly designed to disenchant conscientious officers and induce further resignation/retirements?

Why would governments do this? Could it be part of a plan to facilitate the transformation of how policing is conducted? After all, the World Economic Forum has been clear about the Elite intention to robotize the workforce, with more than half of human workers projected to be replaced by robots within a few years. See ‘Machines Will Do More Tasks Than Humans by 2025 but Robot Revolution Will Still Create 58 Million Net New Jobs in Next Five Years’. So why should we expect police to be forced out of the workforce, one way or another, at a lesser rate than elsewhere?

Moreover, there is an additional problem: Any human police officer with a reasonably ‘normal’ psychological profile has a conscience. And these will not serve well in enforcing the coming technocratic order.

Separately from the numbers issue, the ongoing militarization of police forces around the world has been noted by many scholars. For a summary of some issues in relation to policing in the USA, see this article written in 2017: ‘Why are Police in the USA so Terrified?’

But it is clear that the trend to militarize policing has been accelerating for some years. In a recent article US constitutional attorney John Whitehead succinctly elaborates this trend as just one of the features to be expected from the US government in 2023:

‘Militarized police. Having transformed local law enforcement into extensions of the military, the Department of Homeland Security, the Justice Department and the FBI are moving into the next phase of the transformation, turning the nation’s police officers into techno-warriors, complete with iris scanners, body scanners, thermal imaging Doppler radar devices, facial recognition programs, license plate readers, cell phone extraction software, Stingray devices and so much more.’ See ‘What to Expect from the Government in 2023? More of the Same’ and ‘Stingray Tracking Devices: Who’s Got Them?’

So police numbers are being reduced and police are being militarized. But that is not all.

Transhuman Police

A critical component of the Elite program is to turn those not killed into transhuman slaves.

What is transhumanism?

In essence: Transhumanism is a set of beliefs based on the premise that human beings can be improved by genetic manipulation and/or implanting technologies into the brain and body to achieve enhanced capacities. See ‘Beware the Transhumanists: How “Being Human” is being Re-engineered by the Elite’s Covid-19 Coup’.

While many people involved in this field are concerned with treating disabilities to improve the life experience of those afflicted, and some are engaged in ongoing discussions to consider the ethical issues this raises, it is clear that this is the sanitized version of a program that has far more hideous implications. For a sanitized version, watch this video of a World Economic Forum discussion held on 24 January 2020: ‘When Humans Become Cyborgs’.

But, for the Elite, there is little point deploying these technologies unless they can be controlled by Elite agents. After all, as the World Economic Forum made clear in 2016, by 2030 ‘You’ll Own Nothing. And You’ll Be Happy.’ See ‘8 predictions for the world in 2030’.

Obviously, if you are to own nothing and be happy about it, either you have reached some exalted state of human consciousness in which possessions no longer matter or someone is messing with your mind so that you believe what is not true.

And the best way to mess with someone’s mind is to implant a microchip into their body that enables control of that mind by someone else.

After all, altering what people think, feel, believe and do – through genetic manipulation and implanting technologies – is the very essence of transhumanism. So, to reiterate, transhumanists don’t want individuals with free will, they want individuals whose thoughts, feelings and behaviour can be controlled; that is, they want slaves. While this is explained at some length in the article ‘Beware the Transhumanists’ above, it is also made emphatically clear by World Economic Forum spokesperson, Professor Yuval Noah Harrari, in a 3-minute video which includes these words:

COVID is critical because this is what convinces people to accept, to legitimize, total biometric surveillance.

We now see mass surveillance systems established, even in democratic countries which previously rejected them, and we also see a change in the nature of surveillance. Previously, surveillance was mainly above the skin, now it’s going under the skin….

… free will: That’s over. Watch ‘Mr. Harari has just revealed the Reason for the Plandemic’.

You can also watch a video demonstration of Elon Musk’s neuralink chip illustrating how this will work. Watch ‘This Is How Elon Musk’s Neuralink Microchip Will Be Put In Your Brain’.

In summary then, the technology now available after decades of effort enables receiver nanochips to be sprayed, injected or otherwise implanted into human bodies. With the ongoing deployment of 5G (which includes extensive space and ground-based technologies: see ‘Deadly Rainbow: Will 5G Precipitate the Extinction of All Life on Earth?’), just one outcome of these combined technologies is that it will be possible to direct the individual behaviour of each person so implanted with directions from an external source.

You can watch a description of how the Covid-19 shots have been used to inject nanotechnology into the bodies of people which, under the direction of other individuals via EMF signals, can be assembled to establish a permanent communication and control link between the transhuman and those responsible for controlling it. Watch Maria Zeee’s interview of Dr. David Nixon who shows real time video footage of the nanotechnology inside the Covid-19 injections assembling robotic arms that guide the nanotechnology development: ‘World First: Robotic Arms Assembling Via Nanotech Inside COVID-19 “Vaccines” – Filmed in Real Time’.

There is another excellent video interview by Dr. Faiez Kirsten of Dr. Ana Mihalcea discussing the transhumanist agenda. This includes consideration of how geoengineering – by spraying metal particulates (such as aluminium, barium and strontium) and synthetic biology into the atmosphere – is being used to modify all life on this planet (‘to modify every cell, every microbe, to digitize it and then to fuse it in its natural state with synthetic biology’), the role of electromagnetic frequencies (EMF) such as 5G in this scheme, and the purpose of nanotechnology ingredients in the injections. In essence, they conclude, besides killing vast numbers of people, they want to control the minds of those left alive. In summarizing, Mihalcea emphasised that her research demonstrates that the unvaccinated are not safe and they must take further action to defend their health from the synthetic biology attacks through atmospheric geoengineering and contaminated food.

‘We are running out of time as the human species and our planet is being destroyed via synthetic biology. If you want to survive and you want your children and grandchildren to have a chance of survival you must rise now and you must fight.’ Watch ‘A Discussion with Dr Ana Mihalcea on Transhumanism and EDTA Chelation’.

Moreover, given that the control technology of its transhuman slaves will be owned by corporate executives, this means that the Elite will be able to control everything from the launch of nuclear weapons (by using remote control to direct the chosen individual in a particular chain of command to order [or execute] the launch of one or more nuclear weapons at the target[s] nominated at the time[s] specified), deploy ‘cyborg soldiers’, ‘cyborg workers’ and ‘cyborg consumers’ to do as directed and, of course, ‘cyborg police’ to carry out the orders issued by those controlling the command technology.

In the case of transhuman police, this could range from duties resembling those now performed by police to any other task whatsoever to which they are assigned. And because the implanted chip will override free will, the transhuman individual will have no awareness of choice and will simply robotically perform the tasks delivered by an artificial intelligence program to the technological implants in its body and brain.

So whether programmed to issue a fine, kill a noncompliant individual, forcibly relocate one or more people from a rural area to the nearest ‘smart city’ or simply go home, the cyborg police officer will do as directed without thought or feeling of its own.

Technocratic Police and Corporate Private Security

In 2016, the World Bank published a report considering some of the consequences of robotization, including the problems that would be caused and how these might, theoretically, be addressed. See ‘The rise of the machines: Economic and social consequences of robotization’ with a summary here: ‘The economic and social consequences of robotization’.

Despite one highly sanitized World Economic Forum account of robots leading to an increased workforce – see ‘Here’s why robots are actually going to increase human employment’ – another World Economic Forum report candidly noted that inequality would worsen as ‘robots will do half of all work tasks by 2025’. See ‘The Future of Jobs Report 2020’ and ‘WEF: Inequality likely to worsen as robots set to do half of work by 2025’.

And this is clearly evident in relation to police work where, beyond even the measures outlined above, a substantial range of new technologies will robotize policing, particularly in relation to primary functions: surveillance and control.

In essence, an increasing number of policing functions are being technologized to make policing more ruthlessly efficient. This involves use of a range of technologies such as 5G, the Internet of Things (IoT), the Internet of Bodies (IoB), the Internet of Places (IoP), artificial intelligence (AI), geofencing, digital identity, surveillance and facial recognition (3D) cameras, smart street poles and lights (which gather data via facial recognition cameras and environmental sensors, display digital signage and use speakers to instruct the immediate population how to behave), license plate readers and vehicle kill switches as well as autonomous and electromagnetic weapons.

But how these technologies are combined and deployed varies. To illustrate this, consider the Israeli private security company Gabriel Protects which offers a suite of surveillance and control services: ‘Preempt and contain physical threats in real time with smart technology. Billions are spent monitoring and recording security incidents. Gabriel detects and responds to them. Gabriel’s next generation security technology instantly detects and automates the response to violent threats, saving precious time and lives.’

As Whitney Webb explains: ‘much of the company’s future vision coincides with the vision of the intelligence agencies backing it – pre-crime, robotic policing and biometric surveillance.’ Hence, under the guise of stopping mass shootings ‘a surveillance system backed by top Mossad, CIA and FBI officials is being installed in schools, houses of worship, and other civilian locations’ throughout the USA. The Gabriel system includes the company’s ‘threat detection’ technology, which involves the use of ‘smart cameras’ that use AI as well as facial recognition and related technologies to detect weapons, ‘fights’ and ‘abnormal behavior’ in a particular area. The cameras throughout a facility, along with ‘smart shield’ panic buttons which can be activated both manually and remotely, are meant to act as ‘activation triggers’, with the triggering largely automated and managed by AI. When a trigger is set off, the Gabriel system enters the appropriate ‘alert mode’, which includes emergency, panic, silent panic and yellow (for minor incidents). Once activated, the panic button offers two-way communication, a live video feed and gunshot detection by acoustic means. See ‘CIA and Mossad-linked Surveillance System Quietly Being Installed Throughout the US’ and ‘Anonymous Philanthropist Gifts Israeli Life-Saving Tech to 500 US Synagogues and Schools’.

As one would expect, given the company is providing technologies that enable implementation of the Elite program to lock us all into their ‘smart cities’, Gabriel intends to expand far beyond schools and houses of worship to retail stores, warehouses, data centers and banks and is already heavily reliant on AI and machine learning while using drones and robots as security tools. Beyond this, it intends to develop predictive policing (‘pre-crime’) capabilities. See ‘Incident Response Solutions’ and ‘Disrupting Legacy Security’. Of course, ‘pre-crime’ protocols are designed to ‘eliminate public dissent’. See ‘CIA and Mossad-linked Surveillance System Quietly Being Installed Throughout the US’.

Gabriel is not the only corporation researching and providing technologies in these fields. Another prominent corporation is Palantir Technologies. There are others.

Needless to say, these corporations have close ties to the academy, the military and the intelligence community as well, all of which are also playing key roles in imposing the Elite program.

Obviously, these surveillance and control technologies are being widely deployed around the world with countries like China, Israel (including in Palestine) and the United States leading the way.

But to highlight precisely where this is headed, technocratic policing will include drones (used as aerial police) and robots equipped with electromagnetic weapons, such as those that tech guru Aman Jabbi calls ‘puke guns’ (to make the target individual vomit). See ‘Digitizing Your Identity is the Fast-Track to Slavery: How Can You Defend Your Freedom?’ And if you would like a taste of where this might go, see ‘Psychotronic and Electromagnetic Weapons: Remote Control of the Human Nervous System’.

Beyond this, police robots are being used to deploy chemical weapons – see ‘Special delivery: Using police robots to deploy chemical agents’ – and fire tasers. See ‘TASER-armed robots keep police out of harm’s way’.

But ‘explosive ordnance disposal robots’ have been used offensively since 1993 when a one-metre tall, 218-kilogram remote-controlled robot was sent into an apartment, used a television camera to locate a suspect hidden in a cupboard and then, under the remote-control direction of a technician, used a high-pressure water gun to knock the shotgun out of the suspected gunman’s hands, enabling the county police department’s version of a SWAT team to arrest him.

More dramatically, a police ‘killer robot’ has already been used to kill a suspected gunman. In 2016, police in Dallas in the USA crudely attached a bomb to a robot originally designed to investigate and safely discharge explosives and then deployed it near a suspect where it was detonated remotely. See ‘How the Dallas Police Used an Improvised Killer Robot to Take Down the Gunman’.

Other police forces are considering using robots to kill suspects. See, for example, ‘Oakland Cops Hope to Arm Robots with Lethal Shotguns’.

But the San Francisco Police Department has already developed a protocol for its use of robots to kill people: ‘Robots will only be used as a deadly force option when risk of loss of life to members of the public or officers are imminent and outweigh any other force option available to SFPD.’ See ‘Law Enforcement Equipment Policy: Inventory Acquired Prior to January 2022’ and ‘SFPD authorized to kill suspects using robots in draft policy’.

The fundamental point is that human police officers are being replaced by a series of technologies guided by artificial intelligence and ending with the use of autonomous weapons systems (AWS).

And these technologies are already being widely deployed and used as part of the ongoing Elite program to build a technocratic state that will subvert human identity, privacy, dignity, volition and freedom.

How Can We Resist this Technocratic Policing Model Effectively?

A long-planned, vast range and parallel sequence of measures is being rapidly implemented to capture political, social, economic, medical and technological control of the human population. The intention is to kill off a substantial proportion of humanity and imprison those left alive as transhuman slaves in the Elite’s technocratic (surveillance and control) ‘smart’ cities, which will be policed by a range of current and emerging technologies.

And, as I have explained previously – see ‘We Are Being Smashed Politically, Economically, Medically and Technologically by the Elite’s ‘Great Reset’: Why? How Do We Fight Back Effectively?’ – because the Global Elite controls conventional political, economic, financial, technological, medical, educational, media and other important levers of society, the Elite has control of how events unfold while simultaneously giving it control of the narrative about what is taking place. As a result, the truth about the Elite plan is easily concealed. Consequently, effective resistance to this complex and sophisticated program requires a response based on a full understanding of the Elite’s deeper agenda and that is equally sophisticated.

This means that we cannot rely on any conventional channel, political, legal or otherwise.

Hence, the most effective defence against any aspect, including the technocratic policing model, of the full program that Elite agents in the World Economic Forum and elsewhere are imposing on us is to take action now that prevents foundational components of their program from being put into place.

Obviously, this requires us to clearly identify the foundations on which the Elite program is being built and to then mobilize as many people as possible, in as many countries as possible, to nonviolently noncooperate with the building of these foundations or, to the extent they exist already, to disrupt them so that they cannot function effectively.

And the time to do this is now.

If we do this effectively, the technologies – including 5G, Artificial Intelligence (AI), digital ID, Central Bank Digital Currencies (CBDCs), geofencing, a plethora of ‘Smart’ devices, and the surveillance and facial recognition cameras – that will make the technocratic policing model possible will be stopped before they are fully deployed.

So if you are interested in being strategic in your resistance to the ‘Great Reset’ and its related agendas, you are welcome to participate in the ‘We Are Human, We Are Free’ campaign which identifies a list of 30 strategic goals for doing so.

One of these strategic goals reads as follows:

‘To cause the police and security personnel to resist the introduction and use of those surveillance and control technologies – including (among many others) 5G, 6G, the Internet of Things (IoT), artificial intelligence (AI), geofencing, smart street poles and lights (which gather data via facial recognition cameras and environmental sensors, display digital signage and use speakers to instruct the immediate population how to behave), digital identity, surveillance and facial recognition cameras, license plate readers, vehicle kill switches, drones (used as aerial police), robots (including as a ‘deadly force option’), autonomous and electromagnetic weapons – that are being used to transform policing to collect your data and control your behaviour as part of the ongoing Elite program to build a technocratic prison that will subvert human identity, human dignity, human volition, human privacy and/or human freedom.’

So one vital role that you can play is to talk to individual police officers that you know personally, inform them of the role they are slated to play in the coming technocratic order, and invite them to consider the implications of this for them and their loved ones, and then listen to them as they talk about it.

And you can visit your local police station or write them a letter to raise awareness of what is happening and ask them to consider whether this is a future they wish for themselves or their family.

In addition, you can download the ‘We Are Human, We Are Free’ one-page flyer that identifies a short series of crucial nonviolent actions that anyone can take. This flyer, now available in 23 languages (Chinese, Croatian, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Malay, Polish, Portuguese, Romanian, Russian, Serbian, Spanish, Slovak and Turkish) with several more languages in the pipeline, can be downloaded from here: ‘One-page Flyer’.

Moreover, if this strategic resistance to the ‘Great Reset’ (and related agendas) appeals to you, consider joining the ‘We Are Human, We Are Free’ Telegram group (with a link accessible from the website).

And if you want to organize a mass mobilization, such as a rally, at least make sure that one or more of any team of organizers and/or speakers is responsible for inviting people to participate in this campaign and that some people at the event are designated to hand out the one-page flyer about the campaign.

Ideally, prior to any such event, a liaison team should visit the police responsible for policing the event to discuss it but also raise awareness of how police are being used by the Elite in this context. See ‘Nonviolent Activism and the Police’ and ‘How To Do Police Liaison’.

At this point too, it is worth keeping in mind that in virtually all contexts, including when dealing with police, it is invaluable to listen, deeply. This should help you understand the other person better and might help open a door to greater awareness on their part in the future. In any case, it is a great gift, whatever its immediate outcome. See ‘Nisteling: The Art of Deep Listening’.

If you like, you can also watch, share and/or organize to show, a short video about the campaign here: ‘We Are Human, We Are Free’ video.

In parallel with our resistance, we must create the political, economic and social structures that serve our needs, not those of the Elite. That is why long-standing efforts to encourage and support people to grow their own biodynamic/organic food – see ‘23 Reasons You Should Start a Garden in 2023’ – participate in local trading schemes (involving the exchange of knowledge, skills, services and products with or without a local medium of exchange), such as Local Exchange Trading Systems and Community Exchange Systems, as well as develop structures for cooperation, governance, nonviolent defence and networking with other communities are so important.

Conclusion

To summarize very simply: human police officers are being militarily-equipped in the short term, to be rapidly replaced by transhuman police as well as ‘technocratic police’: artificial intelligence (AI) that will direct policing and involve transhuman police, drones, robots and autonomous & electromagnetic weapons systems (AWS). This is one small but vital part of the comprehensive Elite program to kill off most of us, enslave those left alive, enclose the Commons forever and capture all wealth.

Hence, one valuable function we can perform is to inform police of this and invite them to resist it.

Of course, it is not a message that will resonate with every police officer or every member of the community, for that matter. As you already know.

Many human beings, including police officers, are badly emotionally-damaged people. See ‘Why Violence?’ and ‘Fearless Psychology and Fearful Psychology: Principles and Practice’.

But it is crucial that we keep telling the truth and giving people chances to perceive the deeper Elite program and what it portends for humanity. Because it is not a future any human being, including police officer, should want to embrace if they value human identity, privacy, dignity, volition and freedom for themselves or their children.

Hence, our persistence in presenting the information, while listening well when appropriate, is crucial to mobilizing the resistance we need to succeed.

4/2023

Biodata: Robert J. Burrowes has a lifetime commitment to understanding and ending human violence. He has done extensive research since 1966 in an effort to understand why human beings are violent and has been a nonviolent activist since 1981. He is the author of ‘Why Violence?’ His email address is flametree@riseup.net and his website is here.

Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill

By John & Nisha Whitehead

Source: The Rutherford Institute

We’re not living the American dream.

We’re living a financial nightmare.

The U.S. government is funding its existence with a credit card.

The government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones being forced to foot the bill for the government’s fiscal insanity.

According to the number crunchers with the Committee for a Responsible Federal Budget, the government is borrowing roughly $6 billion a day.

As the Editorial Board for the Washington Post warns:

“The nation has reached a hazardous moment where what it owes, as a percentage of the total size of the economy, is the highest since World War II. If nothing changes, the United States will soon be in an uncharted scenario that weakens its national security, imperils its ability to invest in the future, unfairly burdens generations to come, and will require cuts to critical programs such as Social Security and Medicare. It is not a future anyone wants.

Let’s talk numbers, shall we?

The national debt (the amount the federal government has borrowed over the years and must pay back) is $31 trillion and will grow another $19 trillion by 2033. That translates to roughly $246,000 per taxpayer or $94,000 for every single person in the country.

The bulk of that debt has been amassed over the past two decades, thanks in large part to the fiscal shenanigans of four presidents, 10 sessions of Congress and two wars.

It’s estimated that the amount this country owes is now 130% greater than its gross domestic product (all the products and services produced in one year by labor and property supplied by the citizens).

In other words, the government is spending more than it brings in.

The U.S. ranks as the 12th most indebted nation in the world, with much of that debt owed to the Federal Reserve, large investment funds and foreign governments, namely, Japan and China.

Interest payments on the national debt are estimated to top $395 billion this year, which is significantly more than the government spends on veterans’ benefits and services, and according to Pew Research Center, more than it will spend on elementary and secondary education, disaster relief, agriculture, science and space programs, foreign aid, and natural resources and environmental protection combined.

According to the Committee for a Reasonable Federal Budget, the interest we’ve paid on this borrowed money is “nearly twice what the federal government will spend on transportation infrastructure, over four times as much as it will spend on K-12 education, almost four times what it will spend on housing, and over eight times what it will spend on science, space, and technology.”

In ten years, those interest payments will exceed our entire military budget.

This is financial tyranny.

We’ve been sold a bill of goods by politicians promising to pay down the national debt, jumpstart the economy, rebuild our infrastructure, secure our borders, ensure our security, and make us all healthy, wealthy and happy.

None of that has come to pass, and yet we’re still being loaded down with debt not of our own making while the government remains unrepentant, unfazed and undeterred in its wanton spending.

Indeed, the national deficit (the difference between what the government spends and the revenue it takes in) remains at more than $1.5 trillion.

If Americans managed their personal finances the way the government mismanages the nation’s finances, we’d all be in debtors’ prison by now.

Despite the government propaganda being peddled by the politicians and news media, however, the government isn’t spending our tax dollars to make our lives better.

We’re being robbed blind so the governmental elite can get richer.

In the eyes of the government, “we the people, the voters, the consumers, and the taxpayers” are little more than pocketbooks waiting to be picked.

“We the people” have become the new, permanent underclass in America.

Consider: The government can seize your home and your car (which you’ve bought and paid for) over nonpayment of taxes. Government agents can freeze and seize your bank accounts and other valuables if they merely “suspect” wrongdoing. And the IRS insists on getting the first cut of your salary to pay for government programs over which you have no say.

We have no real say in how the government runs, or how our taxpayer funds are used, but we’re being forced to pay through the nose, anyhow.

We have no real say, but that doesn’t prevent the government from fleecing us at every turn and forcing us to pay for endless wars that do more to fund the military industrial complex than protect us, pork barrel projects that produce little to nothing, and a police state that serves only to imprison us within its walls.

If you have no choice, no voice, and no real options when it comes to the government’s claims on your property and your money, you’re not free.

It wasn’t always this way, of course.

Early Americans went to war over the inalienable rights described by philosopher John Locke as the natural rights of life, liberty and property.

It didn’t take long, however—a hundred years, in fact—before the American government was laying claim to the citizenry’s property by levying taxes to pay for the Civil War. As the New York Times reports, “Widespread resistance led to its repeal in 1872.”

Determined to claim some of the citizenry’s wealth for its own uses, the government reinstituted the income tax in 1894. Charles Pollock challenged the tax as unconstitutional, and the U.S. Supreme Court ruled in his favor. Pollock’s victory was relatively short-lived. Members of Congress—united in their determination to tax the American people’s income—worked together to adopt a constitutional amendment to overrule the Pollock decision.

On the eve of World War I, in 1913, Congress instituted a permanent income tax by way of the 16th Amendment to the Constitution and the Revenue Act of 1913. Under the Revenue Act, individuals with income exceeding $3,000 could be taxed starting at 1% up to 7% for incomes exceeding $500,000.

It’s all gone downhill from there.

Unsurprisingly, the government has used its tax powers to advance its own imperialistic agendas and the courts have repeatedly upheld the government’s power to penalize or jail those who refused to pay their taxes.

While we’re struggling to get by, and making tough decisions about how to spend what little money actually makes it into our pockets after the federal, state and local governments take their share (this doesn’t include the stealth taxes imposed through tolls, fines and other fiscal penalties), the government continues to do whatever it likes—levy taxes, rack up debt, spend outrageously and irresponsibly—with little thought for the plight of its citizens.

To top it all off, all of those wars the U.S. is so eager to fight abroad are being waged with borrowed funds. As The Atlantic reports, “U.S. leaders are essentially bankrolling the wars with debt, in the form of purchases of U.S. Treasury bonds by U.S.-based entities like pension funds and state and local governments, and by countries like China and Japan.”

Of course, we’re the ones who have to repay that borrowed debt.

For instance, American taxpayers have been forced to shell out more than $5.6 trillion since 9/11 for the military industrial complex’s costly, endless so-called “war on terrorism.” That translates to roughly $23,000 per taxpayer to wage wars abroad, occupy foreign countries, provide financial aid to foreign allies, and fill the pockets of defense contractors and grease the hands of corrupt foreign dignitaries.

Mind you, that’s only a portion of what the Pentagon spends on America’s military empire.

The United States also spends more on foreign aid than any other nation, with nearly $300 billion disbursed over a five-year period. More than 150 countries around the world receive U.S. taxpayer-funded assistance, with most of the funds going to the Middle East, Africa and Asia. That price tag keeps growing, too.

As Forbes reports, “U.S. foreign aid dwarfs the federal funds spent by 48 out of 50 state governments annually. Only the state governments of California and New York spent more federal funds than what the U.S. sent abroad each year to foreign countries.”

Most recently, the U.S. has allocated nearly $115 billion in emergency military and humanitarian aid for Ukraine since the start of the Russia invasion.

As Dwight D. Eisenhower warned in a 1953 speech, this is how the military industrial complex continues to get richer, while the American taxpayer is forced to pay for programs that do little to enhance our lives, ensure our happiness and well-being, or secure our freedoms.

This is no way of life.

Yet it’s not just the government’s endless wars that are bleeding us dry.

We’re also being forced to shell out money for surveillance systems to track our movements, money to further militarize our already militarized police, money to allow the government to raid our homes and bank accounts, money to fund schools where our kids learn nothing about freedom and everything about how to comply, and on and on.

There was a time in our history when our forebears said “enough is enough” and stopped paying their taxes to what they considered an illegitimate government. They stood their ground and refused to support a system that was slowly choking out any attempts at self-governance, and which refused to be held accountable for its crimes against the people. Their resistance sowed the seeds for the revolution that would follow.

Unfortunately, in the 200-plus years since we established our own government, we’ve let bankers, turncoats and number-crunching bureaucrats muddy the waters and pilfer the accounts to such an extent that we’re back where we started.

Once again, we’ve got a despotic regime with an imperial ruler doing as they please.

Once again, we’ve got a judicial system insisting we have no rights under a government which demands that the people march in lockstep with its dictates.

And once again, we’ve got to decide whether we’ll keep marching or break stride and make a turn toward freedom.

But what if we didn’t just pull out our pocketbooks and pony up to the federal government’s outrageous demands for more money?

What if we didn’t just dutifully line up to drop our hard-earned dollars into the collection bucket, no questions asked about how it will be spent?

What if, instead of quietly sending in our tax checks, hoping vainly for some meager return, we did a little calculating of our own and started deducting from our taxes those programs that we refuse to support?

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, if we don’t have the right to decide what happens to our hard-earned cash, then we don’t have any rights at all.

Journalistic Malpractice on Trial: What the Dominion Voting System Tells Us About How the Media Sacrificed their Credibility to Partisan Falsehoods

By Nolan Higdon

Source: Project Censored

“This is direct evidence of knowing falsity” exclaimed RonNell Anderson Jones, Professor of Law at the University of Utah, in a February 2023 interview with Jon Stewart. Jones noted that in most defamation cases “the likelihood that you will find evidence of them [news outlets] saying, ‘We know this is a lie and we would like to move forward with it anyway is deeply unlikely.’” However, in the case of Dominion Voting Systems v. Fox News, “the filing contains just this trove of evidence of emails and text messages and internal memos that are ‘rare’ both in terms of the ‘volume of the evidence and as to the directness of the evidence.’” This sentiment was echoed by Harvard law professor Laurence Tribe who noted, “I have never seen a defamation case with such overwhelming proof that the defendant admitted in writing that it was making up fake information in order to increase its viewership and its revenues.”

In the $1.6 billion defamation lawsuit, Dominion Voting Systems accuses Fox News Channel of falsely reporting that Dominion’s voting machines fraudulently delivered victory to Joe Biden in the 2020 U.S. Presidential Election. Court documents attained by other media outlets reveal that hosts and other high-ranking Fox News Channel officials – including the Chairman and CEO of Fox’s parent company News Corporation, Rupert Murdoch – knew these reports were false, but aired them because they were more concerned with confirming their audience’s belief that Donald Trump won the election.

The evidence presented in the court documents speaks to the journalistic malpractice that plagues the cable news industry. Journalistic malpractice refers to professional journalists who privilege ideological bias and profits over truth in their reporting. Fox News Channel is patient zero for the plague of journalistic malpractice. It was created in 1996 by Rupert Murdoch and the late Roger Ailes, a media consultant for several Republican presidents, as a political project to sell conservative culture and policy to the American public with pro-conservative propaganda disguised as journalism. For example, Fox News Channel has

  • falsely claimed that other media outlets did not cover the conservative Tea Party rallies;
  • utilized videos out of context to inflate the perceived size of conservative protests;
  • labeled former President Barack Obama a racist;
  • declared Osama bin Laden as a John Kerry supporter;
  • perpetuated discredited reports on the existence of Weapons of Mass Destruction in Iraq;
  • introduced digitally altered photos to fabricate Black Lives Matter violence and make New York Timesreporters appear to be revolting.   

Liberals were right to assert that such chicanery was propaganda, not journalism. But before liberal readers scold Fox News viewers, they should remind themselves that the plague of journalistic malpractice has also infected the liberal leaning cable networks such as CNN and MSNBC. Researchers and scholars have noted that the advent of cable and then the internet saw news media outlets shift from attaining the largest audience possible to focusing on a more specific or narrow demographic of the audience. While Fox News Channel sought to cater to Republican Party voting viewers, CNN and MSNBC did the same for Democratic Party voters. This gave the Democratic Party influence over programming that was tantamount to what the Republican Party long enjoyed at Fox.

When Senator U.S. Bernie Sanders’ 2016 Presidential bid posed a threat to their desired candidate Hillary Clinton in 2016, leaders from the Democratic Party admitted they worked to undermine his campaign. Pro-Democratic party outlets like MSNBC and CNN aided in this effort by

  • creating an unfavorable debate schedule;
  • giving Clinton twice as much and more favorable coverage;
  • publishing 16 negative articles about Sanders in Washington Post (owned by major Democratic Party funder Jeff Bezos) in 16 hours;
  • ghost editing previous news articles to diminish Sanders’ quarter century of accomplishments;
  • inviting his opponent’s surrogates to attack his character under the auspices of being objective journalists.

Their smear of Sanders continued in 2020 when

  • the Democratic Party-leaning news outlets misled the public about Sanders’ polling numbers;
  • CNN’s Abby Phillips drew gasps for ignoring Sanders’ claim that he never said a “woman could not be president;”
  • James Carville on MSNBC made the baseless claim that Russia was supporting Sanders;
  • MSNBC’s Chris Matthews compared Sander’s primary victories to the Nazi’s defeat of the French, an unfortunate comparison as Sanders’ family was murdered in the holocaust.

Journalistic malpractice also plagued Covid-19 coverage. Starting in 2020, CNN’s Chris Cuomo utilized his platform – with the approval of CNN leadership – to host his brother, then New York Governor Andrew Cuomo. The jovial segments seemed like campaign advertisements as Chris treated Andrew as the anti-thesis to then President Trump: a competent executive who took decisive action to address the Covid-19 pandemic. Although, the Democratic versus Republican framing attracted partisan audiences, in reality, Andrew Cuomo and Trump were all too similar: both concealed the actual number of Covid-19 deaths in their jurisdiction, both put patients at risk with kickbacks to industry partners, and both utilized media contacts to stifle press reports about their alleged sexual crimes.

The partisan falsehoods in cable news includes the production of powerful, long- running false stories designed to convince their audiences that the other party is wrong and crazy. For years now, conservatives and Fox News Channel perpetuated the baseless Qanon conspiracy, which alleges that a cabal of Satan-worshiping pedophiles – mainly in the Democratic Party – runs global affairs but Trump will break up the conspiracy. The absurdity of this conspiracy is tantamount to liberal leaning news media’s reporting on Russiagate, which sought to discredit Republicans. Since 2016, Russiagate – the story that Russia meddled in and influenced the outcome of the U.S. election in 2016, had direct connections to Donald Trump and his associates, and worked to help defeat Hillary Clinton for the presidency – was perpetuated by a series of false stories from Democratic Party-friendly media including

  • Russia hacking a Vermont power plant;
  • putting a bounty on U.S. soldiers in Afghanistan;
  • shifting election outcomes around the world;
  • turning Trump into an asset since 1987;
  • labeling the Hunter Biden laptop story as fake news.

Conservatives rightly see this reporting and believe liberals are insane.

Both factions need to look in a mirror. While audiences can clearly see the insanity in other networks’ viewers, they rarely seem to see it in themselves. Indeed, in the same week that CNN and others were having a schadenfreude moment over the Dominion v. Fox case, they hosted a commentator on the train derailment in East Palestine, Ohio without disclosing that he had lobbied for the train company Norfolk Southern. This example of hypocrisy and journalistic malpractice is not only costly to CNN’s credibility, but our democracy as well.   

Without a robust media system that privileges truth over preaching to the choir, the public will have endless debates devoid of facts on key issues such as critical race theory, vaccine efficacy, the origins of the COVID-19 virus, climate change, transgender issues, Ukraine, mysterious balloons, and more. Democratic discourse will be reduced to seeing Republicans as MAGA-hat wearing, blue lives matter-flag waving, gun nuts, and Democrats as medical mask wearing, “this house cares about everything” front-lawn sign adorning, professional victims and virtue signalers. These caricatures have never really been accurate, but as long as the nation is infected with the plague of journalist malpractice they will surely be perpetuated.

While the courts are unlikely to deliver solace from political party propaganda disguised as journalism, they have provided some wisdom. Both Rachel Maddow and Tucker Carlson of MSNBC and Fox News Channel respectively, have been brought to court for spreading false information and were exonerated because the judges concluded that no reasonable person would believe either of them were telling the truth. That is good advice, and viewers would be wise to remember it every time they consider watching cable news.

Send in the Clowns

Yellen and Garland perform back-to-back surprise visits to Ukraine

By Philip Giraldi

Source: The Unz Review

Sometimes I think that the script being used by the Biden Administration to manage its foreign and national security policies has been written by George Orwell, though I am not sure if it based on 1984 or Animal Farm. Maybe it is a combination of the two. Either way, it would help explain why there is something seriously wrong here. For example, at the end of February Congress, confronted by a debt ceiling, began discussing cutting Medicare and Social Security while more recently a banking sector crisis seems to be developing so Treasury Secretary Janet Yellen decided to go off doing photo-ops in Kiev embracing Ukraine’s President Volodymyr Zelensky shortly after handing him the keys to the US economy. She explained to Zelensky how the White House had approved an additional $12 billion in aid to Ukraine during the previous week, including $2 billion for the military and $10 billion to support Zelensky’s government and other infrastructure needs. The US Treasury is now de facto the source of the Ukraine government’s entire annual budget. In addition, Yellen described glowingly how the Treasury and State Departments will implement a new round of sanctions against more than 200 entities and individuals with ties to Russia’s military, high-technology industries, and its metals and mining sectors. The US Department of Commerce is also enforcing export restrictions on materials and technology, including semiconductors, sold by American companies to customers in Russia and China.

In defense of her grand mission, Yellen penned an op-ed for the always compliant New York Times explaining the importance of Ukraine to the United States. She wrote how in Ukraine “…Russia’s barbaric attacks continue — but Kyiv stands strong and free. Ukraine’s heroic resistance is the direct product of the courage and resilience of Ukraine’s military, leadership and people. But President Volodymyr Zelensky and the Ukrainians would be the first to admit that they can’t do this alone — and that international support is crucial to sustaining their resistance. I’m in Kyiv to reaffirm our unwavering support of the Ukrainian people. Mr. Putin is counting on our global coalition’s resolve to wane, which he thinks will give him the upper hand in the war. But he is wrong. As President Biden said here last week, America will stand with Ukraine for as long as it takes… Ukrainians are fighting for their lives on the front lines of the free world. Today, and every day, they deserve America’s unyielding support.”

The Yellen op-ed drones on with a lie so large that it is astonishing that the New York Times would even print it: “When confronted with scenes of brutality and oppression, Americans have always been quick to stand up and do the right thing. Our strength as a nation comes from our commitment to our ideals — and our capacity to see in others the same desires that animated our own struggles for freedom and justice.” But then she tops that with assurances from “President Zelensky, [who] has pledged to use these funds in the ‘most responsible way.’ We welcome this commitment, as well as his longstanding agenda to strengthen good governance in Ukraine.” Huh?

And here is Yellen’s version of “Why We Fight!”: “Our support is motivated, first and foremost, by a moral duty to come to the aid of a people under attack. We also know that, as President Zelensky has said, our assistance is not charity. It’s an investment in ‘global security and democracy.’ Let’s look at the strategic impact of our support for Ukraine so far. Mr. Putin’s war poses a direct threat to European security, as well as to the laws and values that underpin the rules-based international system.”

So, Americans have a “moral duty” apparently up to and including sending their sons and daughters to die supporting Ukraine. And ah yes, it’s all about the “free” world, democracy and the notorious rules based international system! Has anyone yet cited Hegel’s observation that the President Joe Biden Administration’s foreign policy has already “repeated itself, first as a tragedy in Afghanistan, second as a farce”? Meanwhile one suspects Zelensky was laughing all the way to the bank as Yellen disappeared over the horizon to come up with the cash, as that old expression goes, and he probably already has one of his buddies shopping for a new villa on the French Riviera to supplement his other real estate! But wait! The story became even more exciting the following week, involving another visit to Mr. Z by America’s nearly invisible Attorney General Merrick Garland, a man who can literally look Z in the eye as they are both very short. Garland is generally engaged in chasing white supremacists and requiring all new FBI hires to learn all about how to identify and pursue antisemites, but he has made two trips to Kiev to meet mano-a-mano with the brave olive drab t-shirt clad warrior who is already being beatified as the twenty-first century’s Winston Churchill.

Garland was in town to do the other thing the engages his sense of law and order, which is to set up a tribunal to arrest, prosecute and punish Russian war criminals after Ukraine emerges triumphant from its conflict with the unimaginably evil President Vladimir Putin. It would be modeled on the Nuremberg Tribunals that tried leading Nazis after the Second World War, and Garland has cited his family’s escape from the so-called holocaust to explain why he is intent on personally being involved in delivering what he describes as “justice.” A Justice Department spokeswoman described Garland’s mission as being in Kiev to personally “reaffirm America’s commitment to help hold Russia responsible for war crimes committed in its unjust and unprovoked invasion against its sovereign neighbor.”

Garland had several meetings with President Volodymyr Zelensky and foreign law enforcement officials including Ukrainian Prosecutor General Andriy Kostin while attending what was billed as the “United for Justice Conference.” Zelensky elaborated that the purpose of the conference was to hold Russia’s leadership accountable for the alleged atrocities carried out by its army. “The main issue of all these meetings is accountability,” he said. The US Justice Department is reportedly actively engaged in the gathering of evidence to indict the Russians. During Garland’s first visit to Ukraine in June 2022 he announced the appointment of Eli Rosenbaum, an Office of Special Investigations prosecutor best known for going after former Nazis, to direct American efforts to identify and track Russian war criminals.

Garland laid it on thick, as was expected from someone responsible for prosecuting the rest of the world when it steps out of line. He told his hosts that “Just over twelve months ago, invading Russian forces began committing atrocities at the largest scale in any armed conflict since the Second World War. We are here today in Ukraine to speak clearly, and with one voice: the perpetrators of those crimes will not get away with them. In addition to our work in partnership with Ukraine and the international community, the United States has also opened criminal investigations into war crimes in Ukraine that may violate US law.” He concluded by throwing out the complete bullshit party line much beloved by Joe Biden and Tony Blinken, that “The United States recognizes that what happens here in Ukraine will have a direct impact on the strength of our own democracy.”

Of course, there is more than a little bit of irony in all this, not to mention top level hypocrisy, as the United States has killed more people directly or indirectly while committing more crimes against humanity dished out in various ways over the past twenty years than any other country, except, predictably, Israel, which currently is committing crimes against humanity on a nearly daily basis. Curiously, however, the normally tone-deaf White House and Pentagon seem to understand, on a certain level, that opening up Pandora’s box might not be a good idea when it comes to war crimes. Last week Secretary of Defense Lloyd Austin refused to share US information on alleged Russian crimes with the International Criminal Court (ICC) in the Hague. The Pentagon is blocking the Biden administration from sharing evidence with the ICC collected by American intelligence agencies regarding Russian activities in Ukraine because helping the court investigate Russians might set a precedent that could help pave the way for it to prosecute Americans. Washington does not recognize the ICC, fearing that it might well seek to examine the sorry record of US military crimes in Asia and Africa. Israel similarly does to recognize the court for roughly the same reason.

So here we are, two top level officials from the Biden regime sneak into Kiev to give an arch crook money and unlimited moral support, together with a pledge that more cash is on the way as are arms and war crimes tribunals await those nasty Russians. And guess what? It is all packaged as being good for America! This sounds like a song that was sung previously in places like Vietnam, Iraq and Afghanistan and it was a tissue of lies then just as it is now. Yellen ought to have stayed home to tend to the banking system and should be giving the billions of dollars earmarked for Zelensky back to the American people. If Garland wants to investigate anyone it should be the Pentagon, the intelligence agencies, and Congress. And yes, his own FBI! And don’t forget how the Bidens and Clintons became multi-millionaires! And then there is the destruction of Nord Stream. Funny how every time one turns over a rock in and around the US government something really smelly surfaces.

How Covid lockdowns primed the current financial crisis

By Christian Parenti

Source: The Grayzone

The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose.

On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise.

At the heart of the crisis is the gigantic pile of low-interest debt that was issued during the height of the pandemic. While private-sector pandemic-era debt like corporate bonds also soared, US government debt like Treasury bonds piled up.

In a nutshell, during the pandemic the government issued enormous amounts of extremely low interest government debt — about $4.2 trillion of it. But now interest rates, including on government debt, are higher than they have been in 15 years and investors are dumping their old low-interest debt. As they dump, the resale price of the old debt goes down. The more it declines, the more investors want to dump. And thus, a panic is born. 

To understand the problem fully, the question of US government debt has to be put into its larger context, which is: the pandemic response as a whole.

When news of the Covid virus first broke in December 2019, the 2 Year Treasury bond was being offered at 1.64% interest; the 10 year was at about 1.80%, and the resale value of such bonds on secondary markets was strong. Then, in March 2020, as Covid cases and deaths spiked, the US began to shutter its economy with panicked lockdowns that were supposed to “flatten the curve” or slow the spread of the virus and thus protect the hospitals. But Covid was politicized and the lockdowns were extended.  

As the lockdowns dragged on, the US economy began to collapse, shrinking at a record-shattering annualized rate of 31.4% during the second quarter of fiscal year 2020.

To avoid total economic devastation, the federal government began massive debt-financed spending. In March 2020, Trump signed into law the $2.2 trillion economic stimulus bill the CARES Act, or Coronavirus Aid, Relief, and Economic Security. Then, in March 2021, Biden signed the American Rescue Plan Act which contained $1.9 trillion more in Covid relief. Finally, in April 2021, another trillion or so of Covid relief arrived in the Consolidated Appropriations Act. 

Thanks to these laws, every industry and most people received public money. There was increased and extended unemployment payments, as well as the so-called “stimmy checks” or stimulus payments to everyone earning under $75,000 a year (about half the population). The Paycheck Protection Program spent almost a trillion dollars. The Provider Relief Fund doled out $178 billion to the healthcare system. 

All this debt spending kept millions of people in their homes, and helped feed, employ, and care for millions more. The measures allowed hundreds of thousands of businesses to stay afloat even as many thousands of others went under. The impact of the spending on Americans’ well-being was generally positive. For a moment, the US child poverty rate was cut in half, falling to 5.2%. 

But the economically destructive lockdowns were not necessary and did not work. Covid fanatics maintain that the lockdowns were unavoidable because the virus is so deadly. That, however, is uninformed. Last year I explained in detail how the Lockdown Left got the Covid crisis wrong. Not a single critic has challenged any of the facts I presented so there is little point in rehashing them all here. 

Those who advocated an alternative to ham-fisted lockdowns, like the authors of the Great Barrington Declaration, which called for “focused protection” of vulnerable groups like the elderly, were viciously targeted in a reputation destruction campaign covertly orchestrated by former NIH director Francis Collins and de facto Covid czar Anthony Fauci. Never mind that the document’s authors were three eminently qualified scientists: Sunetra Gupta, professor of Theoretical Epidemiology at Oxford University; Jay Bhattacharya, professor of medicine at Stanford; and Martin Kulldorff, formerly a professor of medicine and biostatistics at Harvard. They were portrayed as far-right cranks who were almost eager to see millions die. But now, they have been vindicated.

Ultimately, the federal government spent $4.2 trillion propping up the economy that it was simultaneously choking to death with lockdowns. These two contradictory pressures laid the groundwork for the recent bank failures. Government mandated lockdowns hit the economy like a body blow. Factories closed, small businesses went under, ports and logistic hubs reduced operations, and about 2 million mostly older workers simply resigned. But at the same time, the federal government injected vast amounts of purchasing power into the economy, thus boosting consumption.

These two, contradictory government moves imposed almost unbearable pressure on supply chains. As shortages mounted, prices began to surge. Put simply: lockdowns plus stimulus equaled inflation.

Consider just one of the most important bottlenecks in the whole economy. During lockdown, many commercial driving license schools were closed. This helped create a shortage of about 80,000 truckers. If trucks do not roll supplies run low and prices go up.

At first, the official line on inflation – parroted by the Lockdown Left – maintained that inflation was “transitory.” But it was not. Inflation peaked at 9.1% in June 2022 while wage growth lagged at about 5%. In April 2020 during the worst of the lockdown, the Federal Reserve’s Federal Funds Rate sank to 0.5%. By February 2022, it had only risen to 0.8%.  

Meanwhile, inflation was surging. By February 2022, inflation had reached 7.9%. Only then did the Fed, in an effort to tamp down prices, begin raising interest rates at the fastest pace rate in its history. The federal Funds rate was around 4.57% when SVB went under. Perhaps a massive wave of taxation could have soaked up enough liquidity to have helped cool prices, but that was a political impossibility. The more politically palatable response in Washington was for the Federal Reserve to raise interest rates. 

Herein lies the problem. During the height of the lockdowns, banks bought up enormous amounts of government debt. As the Wall Street Journal put it: “U.S. banks are suffering the aftereffects of a Covid-era deposit boom that left them awash in cash that they needed to put to work. Domestic deposits at federally insured banks rose 38% from the end of 2019 to the end of 2021, FDIC data show. Over the same period, total loans rose 7%, leaving many institutions with large amounts of cash to deploy in securities as interest rates were near record lows.” Awash in deposits with not enough demand for loans, the banks bought US government securities. Their purchases surged 53% between 2019 and the end of 2021, to a total of $4.58 trillion, according to Fed data reported by the Wall Street Journal.

Because so much debt was being issued, it carried super-low interest rates. For example, on July 27, 2020, the 10 Year Treasury was offered at an annual interest rate of only 0.55%. This is fine if you are the borrower of money, but if you are the lender (that is to say, a bank giving the federal government money in exchange for a Treasury bond), it means your income stream will be reduced to a mere trickle. If inflation rises, it essentially disappears. 

As the yield on new government debt reached toward 5% and inflation hung stubbornly at around 6.4%, all of that old, low-interest, pandemic-era debt started to look like garbage and banks began unloading it. The more that banks dumped old debt, the less value that debt had on resale markets. The lower its resale value, the more the banks wanted to dump it. SVB lost almost $2 billion selling off Government securities. And when they announced the loss, their stock price plunged by 60%. 

At the same time, many of SVB’s clients were withdrawing money. This was in part because rising interest rates made borrowing new money more expensive and thus incentivized the use of savings in day-to-day business operations. Also, higher inflation and higher interest rates made low-earning bank deposits less attractive and compelled depositors to redeploy their surplus capital towards higher-earning investments. So, just as SVB needed cash, deposits were evaporating.

By the end of the week of March 10, the four biggest banks in the United States had lost $51 billion because of their panicked dumping of pandemic-era debt. Right after SVB was taken under government control, state regulators closed the New York-based Signature Bank. Before the weekend was over the Federal Reserve announced the creation of a new lending facility that would ensure that “banks have the ability to meet the needs of all their depositors.” Furthermore, the Fed said it was “prepared to address any liquidity pressures that may arise.”

It would seem that the federal government is ready to execute another de facto partial nationalization of US banking, just as they did in 2008 via emergency “cash injections” and then the Troubled Assets Relief Program (TARP). In this current crisis, banks can avoid losses on their low-interest debt if they do not sell it before its maturity. For that to happen, the banks need money. The Fed has said it will pour enormous amounts of money into the banks while all of the relevant officials have proclaimed that the banking system will somehow pay for this. All of this will almost certainly mean even more government debt will be issued. 

Already, interest payments on the federal debt are one of the largest single items in the US budget – set to reach $400 billion this year. That is almost half as much as the grotesquely overdeveloped military budget. By comparison, federal spending on housing is only $78 billion.

Shoring up the banking system is necessary because if it collapses, the whole economy goes with it. At least in the short term, Americans are hostages of the US financial system. But government intervention without any new regulations and taxes upon the financial sector will likely mean more inflation and a bigger financial bubble. By refusing to properly tax the top 1%, the federal government also commits itself to more austerity for the many and more welfare for the rich, because rising government debt means a rising portion of our taxes must go toward interest payments. 

This system of crisis-prone, hyper-financialized capitalism seems ever more like a junkie. If it doesn’t get its regular fix of public sector help, it will simply collapse and die. 

Even if the federal government can stanch the current crisis, the pandemic debt story is global and very likely to cause trouble for some time to come. As a 2021 report by the World Bank put it: “The debt buildup during the pandemic-induced global recession of 2020 was the largest in several decades. This was true for all types of debt—total, government, and private debt; and advanced-economy and EMDE [emerging market and developing economy] debt; external and domestic debt. In 2020, total global debt reached 263 percent of GDP and global government debt 99 percent of GDP, their highest levels in half a century.” 

The US intelligentsia and its media elites are finally beginning to reckon with the impact of misguided and authoritarian lockdowns on student learning and the psychological and physical health of millions. But in all the discussion of the current bank runs, the pivotal role of lockdowns in priming the crisis remains overlooked.