Category Archives: Financial Crisis

Mission Accomplished

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U-S-A!  U-S-A!  We’re Number One!  

By Paul Edwards

Source: Information Clearing House

It took America 15 years to airlift its whipped, arrogant ass out of Vietnam; in Afghanistan it took 20.  All the young men and women our diseased, criminal “leaders” doomed to be killed, mangled, or commit suicide in or after those fake, bullshit “wars” were, in effect, shit-canned by them like rotten meat.  Trillions that should have educated, inspired, and nurtured them were wasted and stolen by our rabid, raping Capitalist War Machine.

After 20 years of blustering, pious deception, colluded in by the hillbilly ninnies laughingly referred to as our government, led by four despicable Presidents—as contemptible a set of moral and spiritual monsters as could be dredged up from the foetid latrines of history—this hideous charade can be seen for what it was: a brazen scam to engorge our Death Merchants with blood money.

The coprophagous Corporate Press and its petting zoo of hired political porn stars rage against ersatz villains in this Bozo pratfall of America’s Potemkin regime, imported, installed and bankrolled by this unraveling empire in its last pathetic shot at a grotesque simulation of world hegemony.

One is in awe at the spectacle of the blackguard war pimps who stampeded this simple-minded, helpless country into these exercises in folk murder, pointing fingers and anathematizing anyone but themselves, disgusting human sepsis that they are.
 The only indisputable truth about the Afghan debacle is that the U.S. War Machine and its wholly-owned Congress and Press, hyped fear and outrage at 9/11 to spin the mythical GWOT and two decades of limitless profiteering using the brutal destruction of a poor, defenseless country as a weapons-testing experiment. 

Whether that country could be dominated and pacified, much less remade, had no relevance in their calculus.  Outcomes in their pretend “wars” mean nothing: what matters is that the Federal money spigot be jammed wide open and massive profits from their death devices never end.  Schopenhauer nailed the war industry a century ago: “Created by the wars that required it, the machine now creates the wars it requires”. Under American assault, Afghanistan and its people who survive, have suffered a devastation of historic proportions, comparable to massacres The Empire inflicted on Cuba and the Philippines in its early days. Nothing can ever alter this villainy, another bloody stain smeared on our long, rabid history. Curiously, though, in a twist of historical irony, The Empire has undoubtedly wounded itself more grievously than it did Afghanistan.

The fact is that after a long chain of blundering, idiotic policy trainwrecks and staggeringly stupid military humiliations—all acts of blatant piracy for the War Machine—The Empire, far from cementing its hold on its craven lapdogs, Britain, Australia, and NATO, is now regarded by the world as an unhinged, imbecile giant without brains, ethics, honor, or even any sense of self-preservation.  Nations, universally, stare at us with the kind of bated-breath foreboding that would be felt watching an untethered lunatic venture across Zambesi Gorge on a tightrope.

When the sheer, brute madness and psychotic hubris of a tyrannical regime deceives its people into mortal peril, as the U.S. government has, the inevitable end is overthrow or implosion.  Empires fall from their fatal morbid pathology, without exception. 

When an entire people is aroused and mobilized against its its tyrants, elites, or aristocrats, there is blood in the streets.  In the French Revolution, mass rage exploded in indiscriminate murder of the nobility. Such raging mayhem is not even conceivable to us now, and never was.  Even the rising of Americans in rebellion against their ruling Capitalist War Machine is unimaginable.  We are stupefied by propaganda into blind, autonomic obedience.  Disaster, when it comes, will be horribly mishandled, as all else has been, by our Capitalist criminals and their political whores.

And yet, even given their dull passivity and refusal to face their reality, it amazes Americans tolerate living under this ridiculous, contemptible gang of baldfaced liars, dimwit conmen, and black-hearted slugs: McConnell and Pelosi, Schumer and McCarthy, Mancin and Cruz, and their vomitus ilk.  Sure, money buys the commercials that are all the deeply stupid absorb, but even the densest must smell the decayed mummies behind the masks.

These odious moral thugs, who sold America on vengeful, phony “wars”, now join their chorus of shameless flacks, grasping wildly at any alibi for their cowardice and folly.  They bayed for revenge and blood, dodging their duty to check the imbecile, Bush, Jr., and his psychically twisted Igor, Cheney, cheered shape-shifting bullshitter Obama, subhuman Trump, and now drub vacuous, impaired Biden for blundering into the only inevitable endgame. 

The chaos and dislocation at the end of empires has always been  commensurate with their magnitude, reach and duration.  The French inflamed Europe; the Spanish and British dislocated the  Western financial system; the Nazi and Russian destabilized the world and brought agony and death to hundreds of millions. 

The fall of Imperial America, while certain, cannot be predicted as to mode and method.  It may come in a series of our floundering, catastrophic military idiocies—though upping the ante against Russia and/or China will put a swift, devastating end to that process—or in a climax of economic spasms leading to flight from the dollar as reserve currency and national bankruptcy.  What is certain is that it will be the most cataclysmic disruption the world has ever suffered.  Empires, as the terminally ill, cannot self-rescue.  They die devoured by their own inherent horrors.

The Houses of Dead and Crooked Souls

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By Edward Curtin

Source: Behind the Curtain

“A house constitutes a body of images that give mankind proofs or illusions of stability.”      – Gaston Bachelard, The Poetics of Space

There is a vast and growing gulf between the world’s rich and poor.  An obscene gulf. If we can read houses, they will confirm this.  They offer a visible lesson in social class.

Houses stand before us like books on a shelf waiting to be read, and when the books are missing, as they are for a vast and growing multitude of the homeless exiled wandering ones and those imprisoned, their absence serves to indict the mansion-dwelling wealthy and to a lesser extent those whose homes serve to shield them from the truth of the ill-begotten gains of the wealthy elites who create the world’s suffering through their avarice, lies, and war making.

Many regular people want to say with Edmund in Eugene O’Neill’s play, Long Day’s Journey into Night:

The fog is where I wanted to be. Halfway down the path you can’t see this house. You’d never know it was here. Or any of the other places down the avenue. I couldn’t see but a few feet ahead. I didn’t meet a soul. Everything looked and sounded unreal. Nothing was what it is.That’s what I wanted – to be alone with myself in another world where truth is untrue and life can hide from itself….Who wants to see life as it is, if they can help it?

Yet the rich don’t hide or give a damn. They flaunt their houses.  They know they are crooks and creators of illusions.  Their nihilism is revealed in their conspicuous consumption and their predatory behavior; they want everyone else to see it too.  So they rub it in their faces.  Their wealth is built on the blood and suffering of millions around the world, but this is often hidden knowledge.

For many regular people prefer the fog to the harsh truth.  It shields them from intense anger and the realization that the wealthy elites who run the world and control the media lie to them about everything and consider them beneath contempt.  That would demand a response commensurate with the propaganda – rebellion.  It would impose the moral demand to look squarely at the houses of death with their tiny cells in which the wealthy elites and their henchmen imprison and torture truth tellers like Julian Assange, an innocent man in a living hell; to make connections between wealth and power and the obscene flaunting of the rich elite’s sybaritic lifestyles in houses where every spacious room testifies to their moral depravity.

The recent news of Barack Obama’s vile selfie birthday celebration for his celebrity “friends” at his 29-acre estate and mansion (he has another eight-million-dollar mansion in Washington, D. C.) on Martha’s Vineyard is an egregious recent case in point.  If he thinks this nauseating display is proof of his stability and strength – which obviously he does – then he is a deluded fool.  But those who carry water for the military-intelligence-media complex are amply rewarded and want to tell the world that this is so.  It’s essential for the Show.  It must be conspicuous so the plebians learn their lesson.

Obama’s Vineyard mansion stands as an outward sign of his inner disgrace, his soullessness.

Trump’s golden towers and his never-ending self-promotion or the multiple million-dollar mansions of high-tech, sports, and Hollywood’s superstars send the same message.

Take Bill Gates’ sixty-three-million-dollar mansion, Xanadu, named after William Randolph Hearst’s estate in Citizen Kane, that took seven years to build.

Take the house up the hill from where I live in an erstwhile working-class town that sold for one million plus and now is being expanded to double its size with a massive swimming pool that leaves no grass uncovered. Every week, three black window-tinted SUVs arrive with New Jersey plates to join two white expensive sedans to oversee the progress in this small western Massachusetts town where McMansions rise throughout the hills faster than summer’s weeds.

Take the blue dolomite stone Searles Castle with its 60 acres, 40 rooms, and “dungeon” basement down the hill on Main St. that was recently bought by a NYC artist who also owns seven grand estates around the country that he showcases as examples of his fine artistic taste.  “All these houses have endless things to do — it’s just mind-boggling,” he has said. The artist, Hunt Slonem, calls himself a “glamorizer,” and his “exotica” paintings, inspired by Andy Warhol’s repetition of soup cans and Marilyn Monroe, hang in galleries, museums, cruise ships, and the houses of film celebrities.  Like his showcase houses, his exotica must have endless things to do.

What would Vincent van Gogh say?  Perhaps what he wrote to his brother Theo: that the greatest people in painting and literature “have always worked against the grain” and in sympathy with the poor and oppressed.  That might seem “mind-boggling” to Slonem.

Such ostentatious displays of wealth and power clearly reveal the delusions of the elites, as if there are no spiritual consequences for living so.  Even if they read Tolstoy’s cautionary tale about greed, How Much Land Does A Man Need?, it is doubtful that its truth would register.  Like Tolstoy’s protagonist Pahόm, they never have enough.  But like Pahόm, the Devil has them in his grip, and like him, they will get their just rewards, a small room, a bit of land to imprison them forever.

His servant picked up the spade and dug a grave long enough for Pahóm to lie in, and buried him in it. Six feet from his head to his heels was all he needed.

Where does the money for all these estates, not just Slonem’s, come from? Who wants to ask?

Getting to the roots of wealth involves a little digging.  Slonem’s castle was originally commissioned in the late 1800s by Mark Hopkins for his wife.  Hopkins was one of the founders of the Central Pacific Railroad, which was built by Irish and Chinese immigrants.  Labor history is quite illuminating on the ways immigrants have always been treated, in this case “the dregs of Asia” and the Irish dogs.  Interestingly enough, the great black scholar and radical, W. E. B. Du Bois, a town native, worked at the castle’s construction site as a young man.  No doubt it informed his future work against racism, capitalism, and economic exploitation.

Wealthy urbanites flooded this area after September 11, 2001, and now, in their terror of disease and death, they have bought every house they could find.  Their cash-filled pockets overflow with blood-money and few ask why. To suggest that massive wealth is almost always ill-begotten is anathema.  But innocence wears many masks, and the Show demands washed hands and no questions asked.

It is rare that one becomes super-wealthy in an honest and ethical way.  The ways the rich get money almost without exception lead downward, to paraphrase Thoreau from his essay, “Life Without Principle.”

Since the corona crisis began, investment firms such as the Blackstone Group have been gobbling up vast numbers of houses across the United States as their prices have gone through the roof.  The lockdowns – an appropriate prison term – have set millions of regular people back on their heels as the wealthiest have gotten exponentially wealthier. Poverty and starvation have increased around the world.  This is not an accident.  Despair and depression are widespread.

There is a taboo in life in general and in journalism: Do not ask where people’s money comes from.  Thoreau was so advised long ago:

Do not ask how your bread is buttered; it will make you sick…

But the super-wealthy do not get sick.  They are sick.  For they revel in their depravity and push it in the faces of regular people, many who envy them and wish to become super-rich and powerful themselves.  Of course there are the blue bloods whose method is understatement, but it takes many decades to enter their theater of deception.  In many ways, these people are worse, for their personae have been crafted over decades of play-acting and public relations so their images are laundered to smell fresh and benevolent.  They often wear the mask of philanthropy, while the history of their wealth lies shrouded in an amnestic fog.

Yet soul murder includes suicide, and while the old and new moneyed ones smoothly justify their oppression of the vast majority, many regular people kill the best in themselves by envying the rich.

Years ago, I discovered some documents that showed that one of this country’s most famous philosophers, known for his lofty moral pronouncements, owned a lot of stock in companies that were doing evil things – war making, poisoning and killings huge numbers with chemicals, etc.  But his image was one of Mr. Clean, Mr. Good Guy. I suspect this is typical and that there are many such secrets in the basements and attics of the rich.

But let us also ask where the writers and presenters of the mainstream and alternative media get their money.  Although “to follow the money” is a truism, few do.  If we do, we will learn that money talks and those who take it toe the line, nor do they live in shacks by the side of the road or rent like so many others.  They invest with Black Rock and their ilk and have money managers who can increase their wealth while shielding them from the ways that money is made on the backs of the poor and working people.  And they lie about people like Assange, Daniel Hale, Reality Winner, Craig Murray, et al., all imprisoned for daring to reveal the depredations of the power elites, the violence at the heart of predatory capitalism.

Yes, houses speak.  But few ever speak of where their money comes from.  Those that are on the take – which has multiple meanings – always plead innocent.  Yes, I can hear you say that I am being too harsh; that there are exceptions.  That is obvious.  So let’s skip the exceptions and focus on the general principle. There is a Buddhist principle that right livelihood is a core ethic in earning money.  Jesus had another way of putting it but was of course in agreement, as were so many others whom people hold in highest esteem.

Thoreau wrote: “If you are acquainted with the principle, what do you care for a myriad instances and applications.”

The truth is that for most people, work, if they can find it, is drudgery and hard, a matter of survival. The late great Studs Terkel called it hell and rightly said that most jobs are not big enough for people because they crush the soul, they lack meaning.  And behind all ledgers of great wealth lie crushed souls.  This reality is so obvious and goes by many names, including class warfare, that further commentary would be redundant.

A few years ago, I visited Mark Twain’s house in Hartford, Connecticut.  It is advertised as “a house with a heart and a soul.”  It is not a house but a mansion, and it was an ostentatious display in Twain’s time. Similar or worse than Obama’s mansion on Martha’s Vineyard today.  It has no soul or heart.  It was built with Twain’s wife’s family money.  Her father was an oil and coal tycoon from upstate New York.  Twain reveled in opulent respectability.  He lived the life of a Gilded Age tycoon, an American magnate. It is not a pretty story, but the Twain myth says otherwise.  Not that he catered to popular tastes to please the crowd and his domineering wife and that he lived in luxury, but that he was a radical critic of the establishment.  This is false.  For he withheld for the most part the publication of his withering take on American imperialism until after his death.  He committed soul murder.  But his mansion impressed his neighbors and his humor distracted from his luxurious lifestyle.  His house still stands as a cautionary tale for those who will read it.

Baudelaire once said that in palaces “there is no place for intimacy.”  This is no doubt why in people’s dreams small, simple houses with a light in the window loom large.  Bachelard says, “When we are lost in darkness and see a distant glimmer of light, who does not dream of a thatched cottage or, to go more deeply still into legend, of a hermit’s hut.”  For here man and God meet in solitude; here human intimacy is possible.  “The hut can receive none of the riches ‘of this world.’  It possesses the felicity of intense poverty; indeed, it is one of the glories of poverty; as destitution increases, it gives access to absolute refuge.”

He is not espousing actual poverty, but the oneiric depths of true desire, the dreams of hope, reconciliation, and simple living that run counter to the amassing of wealth to prove one’s power and majesty. A humble house of truth, not a mansion of lies. This, to borrow the title of William Goyen’s novel, is “the house of breath” where the spirit can live and pseudo-stability gives way to faith, for insecurity is the essence of life.

There is such a hermit’s hut where the light shines.  It is the tiny cell in Belmarsh Prison where Julian Assange hangs onto his life by a thread.  His witness for truth sends an inspiring message to all those lost in the world’s woods to look to his fate and not turn away.  To follow to their sources the money that greases the palms of all the so-called journalists and politicians who want him dead or imprisoned for life, who tell their endless lies, not just about him, but about everything.

The house of propaganda is built on unanimity.  When one person says no, the foundation starts to crumble.  The houses of the rich dead and crooked souls, erected to project the stability of their bloody illusions, start to crumble into sand when people dissent one by one.

Soon the fog lifts and there is no hiding any more.  At the end of the path, you can see the vultures circling overhead as their prey go running out of their mansions in terror.

Sing Hallelujah!

Why Don’t Billionaires Pay the Same High Tax Rates the Rest of Us Pay?

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By Charles Hugh Smith

Source: Of Two Minds

The truth is America has lost its way if commoners pay a rate of 40% but its billionaires pay next to nothing.

As with everything else in polarized America, billionaires proclaiming space tourism is the next big thing for humanity neatly divides opinion into two camps: those who laud the initiative, hard work and innovations of the billionaires as examples of the American Can-Do Dream, and those who wished the billionaire space tourists had taken a one-way flight to a distant orbit of blissful silence.

Setting aside that bitter divide, let’s explore another divide: how our two-tier tax system enables billionaires to become billionaires while the rest of us get poorer. Whenever I discuss the taxes of the non-billionaire self-employed, armies of apologists leap to the defense of the status quo with various quibbles: the 0.9% Medicare surcharge only kicks in above $200,000, the cap on Social Security taxes is $142,800, and so on.

Setting aside the quibbles–and recall the tax code with regulatory notes is thousands of pages–let’s deal with the real issue, which is that billionaires and their corporations pay a thin slice of taxes as a percentage of total income/gains if they pay any at all, while self-employed and small business pay extraordinarily high tax rates.

To all the quibblers: please add the 15.3% Social Security/Medicare tax rate (self-employed / sole proprietors pay both the employee and employer share of this tax) to the federal tax rate of 24% for income above $85,520. It’s 39.3%.

Just how hard would it be to conclude that everyone earning more than $142,000 should pay at least the same rate the rest of us pay? Aren’t we demonstrating all those same laudable traits of the billionaires, just on a smaller scale? Why should we pay 40% and the billionaires pay essentially zero?

Gee, do you reckon paying no taxes might help folks become richer? Garsh, nobody ever asked that question before. And do you reckon paying 40% of your income might make you poorer over time? Golly gee, how come the talking heads worshiping the billionaires never ask these questions?

Since Social Security and Medicare/Medicaid are the bedrock of America’s social safety net, why shouldn’t billionaires pay to support these programs? Well, why not? Just how lame do the excuses have to be to be recognized as laughably self-serving?

Here’s the trick billionaires use to evade taxes. There are countless ways for the super-wealthy to evade taxes–funnel earnings through an Irish post office box, buy a tax break in Washington DC, slide the money into one of dozens of global tax havens, and so on.

But a simple one is to report no income and live large off borrowed money. As the billions of dollars in capital gains pile up as the billionaire’s stock holdings soar (thanks, Federal Reserve, for the free trillions; awful swell of you to give us all that free money), there’s no income generated until the billionaire sells some shares. No sale, no income. Just pay yourself $1 a year in salary, borrow against your billions at super-low rates of interest, and voila, you’re tax-free while you build your super-yacht, buy your private island, and so on.

Just as a thought experiment, suppose the first $50,000 in earnings for everyone were tax-free, and a 40% tax rate was collected on all income above $1 million, both earned and unearned (capital gains), not when the gains were realized in a sale but at the end of every tax year, whether the shares that rose in value were sold or not.

So Billionaire Space Tourist reaped $10 billion in capital gains from the appreciation of stocks held, then the Billionaire pays 40% of those gains: $4 billion. There is a way to not pay any taxes on capital gains–have your portfolio lose value. No gains, no taxes. And to close all the loopholes, the tax rate is on all assets and income connected in any way, shape or form with the U.S. First they pay the U.S. taxes, then if they want to pay other nations’ taxes as well, be my guest. But the 40% is due and payable regardless of any other conditions.

You don’t like it, then stop selling any products in the U.S. or holding any assets in the U.S. Why should billionaires get to set up immensely profitable monopolies, quasi-monopolies, cartels and corporations in the U.S. but pay near-zero in taxes? Why should billionaires be free to profit from America’s economy but pay nothing to support its citizenry?

What precisely is the logic of reducing taxes on the wealthiest few to near-zero? If there is no logic, then we’re left with corruption: America is a moral cesspool.

The truth is America has lost its way if commoners pay a rate of 40% but its billionaires pay next to nothing. Please note Karma and Divine Retribution are not controlled by the billionaire’s lackeys and apparatchiks in the Federal Reserve. The pendulum of exploitation has reached its extreme, and the reversal to the opposite extreme is underway.

Why Are Globalists And Governments So Desperate For 100% Vaccination Rates?

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By Brandon Smith

Source: Alt-Market.us

I don’t think I am the only person that has noticed it – There has been a sudden deluge of covid vaccination propaganda and vaccine passport propaganda in the past month, more so than I think we have seen since the beginning of this year. I am speaking of the US in particular, but it is important to point out that in the US the establishment is still desperately clamoring for a much higher vaccination rate. In places like Europe, the UK and Australia vaccinations rates are higher and governments have moved on to the vaccine passport phase of their agenda.

Some people may be confused by the obvious lockstep that most nations are moving in as far as covid mandates and restrictions are concerned. How is it possible that almost all the governments on the planet are in agreement on medical totalitarianism? Well, it’s rather easy to understand when you realize the majority of them are linked together through globalist institutions like the World Economic Forum, which has repeatedly called the pandemic a “perfect opportunity” to push through their plans for a “Great Reset”.

The “Great Reset” is a long term ideological usurpation of what’s left of individual freedom and free market economies, and it’s goal is the imposition of a global socialist/communist dictatorship. Globalists wrap these objectives in pretty sounding words and humanitarian sounding aspirations, but at bottom the “Reset” is about an end to liberty as we know it. This is not an exaggeration, this is reality; this is what these people desire above all else. But how to achieve such a goal?

Well, interestingly enough the WEF and the Bill And Melinda Gates Foundation described exactly how they planned to do it during a “simulation” they held in October of 2019 called “Event 201”. During the event, they imagined a massive coronavirus pandemic, spread supposedly from animals to humans, which would facilitate the need for pervasive restrictions on individual liberties, national economies as well as the internet and social media. I’m sure it’s all a coincidence, but the exact same scenario the globalists at the WEF played out during Event 201 happened in the real world only two months later.

In any case, the pandemic itself has been a boon for the globalists. We have not seen a far reaching government power and corporate power grab since the rise of the National Socialists in Europe and the spread of communism in Russia and China almost a century ago. In fact, I would say that what humanity as a whole is facing today is much worse than what those wretched empires ever could have produced.

There is no doubt; globalist institutions and their government “partners” are the greatest beneficiaries of the covid crisis. They stand to gain ultimate social and political power if their agenda to exploit the pandemic succeeds.

That said, there a few hangups in their plan, and this is why I believe we are seeing an aggressive propaganda push in recent weeks. For example, as I outlined with extensive evidence in my article ‘Biden’s Vaccine Strike Force Plan Stinks Of Desperation’, it appears that the vaccination rate, especially in the US, is nowhere near as high as the elites would like.

While the Biden Administration and the CDC claims an overall vaccination rate of 67%, numerous other stats including the Mayo Clinics state map numbers indicate that only four states in the US actually have a vaccination rate over 65% (for one dose or more), and the majority of states have rates around 50% or less. Even large population blue states like California and New York are not above the 65% mark, and frankly, those numbers are going nowhere as vaccinations are dropping off a cliff.

If someone has not submitted by now with zero wait times and ample doses everywhere, then they are unlikely to ever be vaccinated.

Contradictory stats suggest to me that Biden and the CDC are inflating their vaccination numbers to create the illusion that a larger majority of Americans support the jab. And if this is the case, it explains why Biden, Fauci and the mainstream media are force feeding the public with pro-vaccine hype that consistently contradicts the real science. They are not getting the fear and public compliance that they had hoped for.

But why do they want 100% vaccination? Why are they so desperate for every single person in the world to get the mRNA jab?

After all, the average (IFR) death rate of covid is a mere 0.26% of those infected (this is a stat that the media consistently and deliberately refuses to mention to the public). This means that 99.7% of the public is in NO danger from covid whether they are vaccinated or not.

Do the vaccines ensure better odds? Well, according to recent statistics from Massachusetts, not necessarily, as they report over 5100 infections and 80 deaths of fully vaccinated patients. The media keeps telling us that only the unvaccinated are dying, but this is a lie, like so many other lies they have been peddling when it comes to covid. So, what’s the point of taking an experimental vaccine if the death rate of the virus is so low and the jab doesn’t necessarily protect you anyway?

There is no point. The science and the stats do not support it. The vaccines can’t even be credited with the decline in infections and deaths this year; the numbers plunged in January – Only 5% of the population was vaccinated by February. The only explanation for this is that the population hit herd immunity many months ago. Remember when governments said that they needed 70% herd immunity or vaccination to stop the lockdowns and mandates? The goalposts have been moves several times and the government “science” changes monthly. Now they claim herd immunity doesn’t matter and demand 100% vaccination.

We must ask the question again – Why the relentless government push for total vaccine saturation? It’s not saving lives, and the mandates remain regardless, so why?

I can only posit theories based on the evidence at hand, but I think it’s clear to most of us that the vaccines are NOT about public health nor are they about saving lives. They are obviously about something else…

As numerous virology and vaccine experts have warned over the past year, there is a great risk of harmful health side effects when it comes to experimental mRNA technology. Even one of the creators of mRNA vaccines has suggested that there are dangers in rolling out these gene manipulation cocktails without more testing. Of note are concerns about longer term disorders such as autoimmune disorders and infertility.

The mainstream media and the globalists will argue that there is “no evidence” that the mRNA vaccines will cause deadly side effects or infertility. I would argue back that there is NO EVIDENCE that they are safe. Most vaccines are tested over the course of 10-15 years before they are released to the public for use. The covid vaccines were unleashed on the public within months. Honestly, I have no intention of acting as a guinea pig for an untested vaccine.

But what if the elites know exactly what the side effects will be? What if the vaccines are a pivotal part of their “Great Reset?”

The infertility question in particular is drawing the most fire from the establishment, and I would point out a particularly insidious narrative being implanted in the media. Whenever people question the chance of sterility caused by the vaccines, bureaucrats and media talking heads go on the attack, and then say “There’s no evidence that the vaccines cause infertility, but Covid-19 might cause it…” Just watch this recent speech by the governor of Arkansas where he and his medical flunky were almost run from the podium by an angry audience for peddling the same propaganda:

And there you have it. The stage is being set, in my view, for a mass infertility event, and covid will be blamed in place of the experimental vaccines. This is why the establishment needs a 100% vaccination rate; unvaccinated people would stand as evidence of their crime. Let me explain…

My concern is that Klaus Schwab’s reset agenda is impossible to enforce in a permanent way unless the human population is greatly reduced over a short period of time (a generation or two). Globalists are constantly talking about population control and reduction. Elites like Bill Gates are famous for it. Is it any wonder that they would devise a plan to institute it?

What if, as many experts have suggested, the vaccine side effects create this condition of a diminishing population? What if they are meant to? We will not know for certain for a couple of years at least as autoimmune disorders and infertility take time to become visible in a population. The average timeline for actually diagnosing an autoimmune disorder is 4.5 years. Infertility can take six months to a year to diagnose.

If a large population of millions of people remain unvaccinated after the next couple of years, then they will represent a sizable and undeniable control group. A control group is a group of subjects that act as a pure sample untouched by a drug or vaccine experiment. If the vaccinated group becomes ill or dies from specific conditions and the control group does not have those same conditions, then that is a pretty good sign that your vaccine or drug is poison.

The 50% of Americans and smaller percentages in other nations are a control group for the experimental vaccines. If something goes wrong with the vaccines, then we will be the proof. I suspect this is what the elites are really afraid of.

They have to force us to be vaccinated as well – ALL of us, so that there is no control group and thus no proof os what they have done. They could simply blame mass health disorders on covid itself, or some other false culprit.

If the vaccines are a Trojan horse that causes widespread illness or infertility, and the globalists get caught because a control group exists, then it will mean outright rebellion along with ropes and lampposts for them. Their “Great Reset” will fall apart.

To be sure, this might happen anyway. Vaccine passports are the line in the sand for most people. We are even seeing extensive protests and riots in places like Italy, France, UK and Australia over the draconian passport scheme. The US, though, is where the biggest fight will take place, in my opinion. We have an armed population, millions upon millions of trained combat veterans and civilians, a military with around 70% conservatives and independents and a historical understanding of asymmetric warfare. As we have seen in places like Afghanistan, tanks, jets, missiles and drones are no guarantee if victory against a guerrilla force.

Vaccine passports are not going to happen here. We simply won’t allow it.

The globalists have set in motion an end game – It could be an end game for us, but it also could be an end game for them. They are on a strict timeline. They must get near 100% vaccination rates in the next couple of years or sooner. They must get their vaccine passports in place in the next couple of years or sooner. And, they must instill permanent lockdown conditions in the near term to stifle growing dissent. We are now in a kind of race in which the globalists must implement their agenda as fast as possible while we must hold out and hold them back until the truth becomes obvious to the masses; the truth that the lockdowns, mandates and vaccines were never about safety and were always about control – from social control to population control.

What’s REALLY behind the war on home ownership?

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Becoming a “Nation of Renters” is clearly a big part of the New Normal.

By Kit Knightly

Source: Off-Guardian

The incipient “Great Reset” is a multi-faceted beast. We talk a lot about vaccine passports and lockdowns and the Covid-realated aspects – and we should – but there’s more to it than that.

Remember, they want you to “own nothing and be happy”. And right at the top of the list of things you definitely shouldn’t own, is your own home.

The headlines about this have been steady for the last few years, but it has picked up pace in the wake of the “pandemic” (as has so much else). An agenda hidden on back pages, behind by Covid’s meaningless big red numbers, but perhaps no less sinister.

You can find articles all over the net talking up renting over owning.

Last month, for example, Bloomberg ran an article headlined:

America Should Become a Nation of Renters”

Which praises what they call “the liquefaction of the housing market” and gleefully expounds on the idea that “The very features that made home buying an affordable and stable investment are coming to an end.”

The Atlantic published “Why Its Better To Rent Than Own” in March.

Financial pages from Business Insider to Forbes to Yahoo and Bloomberg again are filled with lists titled “9 Ways Renting is Better Than Buying”, or similar.

Other publications go more personal with it, with anecdotal columns about ignoring financial advice and refusing to buy your home. Vox, never one to sell their agenda with any kind of subtlety, have a piece titled:

Homeownership can bring out the worst in you

Which literally argues that buying a house can make you a bad person:

It’s the biggest thing you might ever buy. And it could be turning you into a bad person.

So what exactly is the narrative here? What’s the story behind the story?

The short answer is fairly simple: It’s about greed, and it’s about control.

It almost always is, in the end.

The longer answer is rather more complicated. Major investment firms such as Vanguard and Blackrock, along with rental companies such as American Homes 4 Rent, are buying up single-family homes in record numbers – sometimes entire neighbourhoods at a time.

They pay well over market value, pricing families who want to own those homes out of the market, which forces the housing market up whilst the Lockdown-created recession is lowering wages and creating millions of newly unemployed.

Of course, this is motivating people to sell the houses they already own.

People all across America have been saddled with houses worth less than they bought them for since the 2008 economic crash, and are eager to take the cash from private investment firms paying 10-20% over market value. Combine an economic recession with a created housing boom and you have a huge population of motivated sellers.

Of course, many of these sellers don’t realise, until it’s too late, that even if they attempt to downsize or move to a cheaper area, they may be priced out of the market completely, and forced to rent.

As such, in the last year, the private investment share of single-family home purchases is estimated to have increased ten-fold, going from 2% in 2018 to over 20% this year.

As more and more people are forced to rent, of course, rental properties will be in higher and higher demand. This in turn will drive the cost of renting up.

Market Watch has already reported that, in the last year, rent has increased over 3x faster than the government predicted.

This problem is likely to get worse in the near future.

Last night [7/30/21], Congress “accidentally failed” to extend the Covid-related eviction ban.

Which means, this weekend, while Senators adjourn to the summer homes they probably don’t rent, the ban will officially end and a lot of people are likely to have their houses foreclosed or their landlords kick them out.

The newly empty buildings will be a feeding frenzy for the massive corporate landlords. Who will descend on the banks like starving hyenas to snap up the foreclosed properties for pennies on the dollar. Just like they did in 2008.

None of this is any secret, it’s been covered in the mainstream. Tucker Carlson even did a segment on it in early June.

The Wall Street Journal headlined, back in April, “If You Sell a House These Days, the Buyer Might Be a Pension Fund”, and reported:

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices

However, since then, something has clearly changed. The propaganda machine has kicked into gear to defend Wall Street from any backlash.

No better example of this shift can be found than The Atlantic, which ran this story in 2019:

WHEN WALL STREET IS YOUR LANDLORD
With help from the federal government, institutional investors became major players in the rental market. They promised to return profits to their investors and convenience to their tenants. Investors are happy. Tenants are not.

…and this story last month:

BLACKROCK IS NOT RUINING THE US HOUSING MARKET
The real villain isn’t a faceless Wall Street Goliath; it’s your neighbors and local governments stopping the construction of new units.

Going back to the Vox well we have:

Wall Street isn’t to blame for the chaotic housing market

Which ran just a few days after the Atlantic article, and is practically identical.

Both these (oddly similar) articles argue that Wall Street and private equity firms can’t be blamed for buying up houses, and that the real problem is the lack of supply to meet demand.

You see, all the “selfish” people who already own homes (they did say it makes you a bad person) are blocking the construction of new houses, and thus driving up the cost of property through scarcity.

This has been a logically flawed argument around the housing market for decades.

That there aren’t enough houses for people to buy is patently absurd when the US census data says that there are over 15 million houses currently standing empty. That’s enough to house all of America’s roughly 500,000 homeless people 30x over.

There’s plenty of houses, there’s just not enough money to buy them.

The reason for that is the same reason the California has massive “homeless camps” in its major cities, and that so many people are having to become renters instead of owners: wage stagnation.

For decades now, wage increases have lagged behind increases in the cost of living. In the 1960s one full-time job could afford a decent standard of living for a family of four or more. These days both parents work, sometimes multiple jobs each.

It was huge amounts of financial de-regulation which created this situation. So, whether you believe Vox’s BlackRock apologia or not, one way or another Wall Street very definitely is to blame.

But this isn’t just about money. It never is. Just as the war on cash isn’t just about efficiency, and the environmental push isn’t just about climate change. Ditto veganism. It’s about control. Just like vaccines, lockdowns and masks.

It always comes down to control.

It’s an oft-used cliche, but no less true for that, that homeowning “gives people a stake in society”. A family-owned house is a source of security for the future and something to leave your children. It is also sovereignty and privacy. Your own space that no one else can control or take away.

In short: A homeowner is independent. A renter is not. A renter can be controlled. A homeowner can not.

It’s the same reasoning behind the way working people were encouraged to take out loans and become debt slaves. If you limit people’s options, if you make them rely on you for a roof over their heads, you have control over them.

There’s a great article about this situation called “Your New Feudal Overlords”.

Under Feudalism, land wasn’t owned by the working class, but provided to them by landed barons, hence the term “Land Lord”. If you disrespected your Lord, or broke his rules, or he perceived another peasant/farm animal/crop would be a better use of the land, he could take it back.

Essentially, the behaviour of serfs was kept in check by their reliance on the nobility for a place to live. That’s very much the dynamic they’re going for here.

Rental agreements can be full of any terms and conditions the landlord wants, and the more desperate people get the more of their consumer rights they will sign over.

Maybe you’ll agree to smart meters which monitor your internet or power-usage habits, and then sell the data to behavioural modellers and viral marketers.

Maybe you’ll have to agree to certain power limitations or water shortages in order to “fight climate change”.

Maybe it will get worse than that.

Maybe they’ll go full Black Mirror style corporate dystopia. Maybe, through affiliation programs, the mega-equity firm which owns your rental house has ties to McDonald’s, and as such will require you to not eat at any competing fast-food franchises, or demand you observe at least ninety seconds of Disney advertisements per day.

Maybe it will be as simple as including vaccine status in the tenancy agreement, making it impossible for the unvaxxed to find a home.

Maybe they just want to make poor people miserable.

After all, the super-wealthy have got all the money they could ever need, and all the luxury they could ever use. Their living standards are as high as physically possible. So maybe the only way they can keep “winning”, is to start driving the living standards of us proles down.

No air travel. No vacations. No going out at all. Live in a tiny house, or a pod. Eat bugs. Get rid of your car. Rent your clothes. Or your furniture. Pay taxes on sugar. And alcohol. And red meat.

They’ve been very clear about this. They’ve told you about the Great Reset and the Internet of Things. That’s the plan.

You won’t own a house. And you’ll be happy…or else the mega-corporation you’re forced to rent from will kick you out.

Taking Control by Destroying Cash: Beware Cyber Polygon as Part of the Elite Coup

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By Robert J. Burrowes

For many people desperate to see a return to a life that is more familiar, it is still easy to believe that the upheavals we have experienced since March 2020 and the changes that have been wrought in their train are ‘temporary’, even if they are starting to ‘drag on’ somewhat longer than hoped.

However, anyone who is paying attention to what is taking place in the background is well aware that the life we knew before 2020 has already ended and what is being systematically put in its place as the World Economic Forum (WEF) implements its ‘Great Reset’ will bear no comparison to any period prior to last year. See ‘Killing Democracy Once and for All: The Global Elite’s Coup d’état That Is Destroying Life as We Know It’.

Of course, those of us who qualify as ‘ordinary people’ have had no say in the shape of what is being implemented: that shaping has been the prerogative of the criminal global elite which is now implementing a plan that has been decades in the making and built on hundreds of years of steady consolidation of elite power.

Also, of course, there is nothing about this shaping that is good for us. In simple terms, it is reshaping the human ‘individual’ so that previously fundamental concepts such as human identity, human liberty, human rights (such as freedom of speech, assembly and movement), human privacy and human volition are not just notions of the past but are beyond the comprehension of the typical ‘transhuman’. At the same time, the global elite is restructuring human society into a technocratic dystopia which is a nightmarish cross between ‘Brave New World’, ‘1984’ and the Dark Age. See ‘Strategically Resisting the New Dark Age: The 7 Days Campaign to Resist The Great Reset’.

The only question remaining is this: ‘Can we mobilize adequate strategic resistance – that is, resistance that systematically undermines the power of the global elite to conduct this coup and restores power to ordinary people – to defeat this coup?’

But before I answer that question, I wish to highlight just one element of the elite coup that is taking place and outline the profound changes that are being left in its wake unless we stop them.

These changes are essentially related to the capacities of computerized technologies to deprive us of what little we have left of our financial autonomy, including because any notion of privacy is rapidly vanishing.

Vanishing Money

One reason for highlighting the issue of money is because while it is good to see increasing critical attention being paid to the ‘injectables’ program, with its devastating consequences for humanity, far too little attention is being paid to the profoundly important transformation being wrought under cover of the elite-driven narrative which has virtually all people’s attention distracted from this deeper agenda. And while this deeper agenda entails a great many aspects, one subset of these is related to the way in which the global financial system is being re-engineered to play its role in fully controlling the human population.

In a series of reports issued in early 2020, the Deutsche Bank claimed that ‘cash will be around for a long time’. See the three reports accessible from ‘Transition to digital payments could “rebalance global economic power”’.

However, these reports are contradicted by other research and the ongoing evidence that cash is vanishing. Most importantly, there is no doubt about the elite intention in this regard. They want cash gone.

The digitization of money has been occurring for decades and it is now being accelerated dramatically.

Moreover, the World Economic Forum and other elite organizations have been actively working towards achieving a cashless economy for years. To get a sense of this trend, see ‘Why we need a “less-cash society”’ and ‘The US should get rid of cash and move to a digital currency, says this Nobel Laureate economist’.

Notably, in this respect, the ‘Better Than Cash Alliance’ has 78 members ‘committed to digitizing payments.’ If you think that this is a grassroots initiative set up by people like you and me, you will be surprised to read that the Bill & Melinda Gates Foundation is a ‘Resource Partner’ to the initiative along with some UN agencies, many national governments and corporations such as Mastercard and Visa.

So while the trend toward a cashless society has been progressing steadily for some decades, with countries like Denmark, Norway and Sweden already virtually cashless and India rapidly moving in that direction – see ‘India’s PM Modi defends cash ban, announces incentives’ – the so-called ‘Covid-19 pandemic’ was contrived partly to provide a pretext for further accelerating the move from cash to cards and apps, with increasing numbers of people using the digital methods, even for small sums, partly because some people were scared into believing that the ‘virus’ could be transmitted by bills and coins.

But there is more. In addition to measures not mentioned here, other plans include the use of a facial scan that records your entry to a store and is linked to artificial intelligence that identifies you and your credit rating. This then enables, or otherwise, your ability to pay for goods and services based on this facial scan.

‘Does all of this matter’, you might ask. Well the convenience of cards and apps has two significant costs: your privacy and your freedom. You lose both simply because while paying with cash is anonymous, paying by card or app leaves a digital trail that is as difficult to follow as an elephant whose tail you are already holding. And this digital trail forms a vital part of the surveillance grid that enables all of those who are tracking and documenting your movement, your payments and your behaviour to do so without leaving the comfort of their chairs. For more detail on this, watch ‘Cash or card – will COVID-19 kill cash?’ which is embedded in the article ‘Cash or Card –  Will COVID-19 Kill Cash? Leaving a Digital Footprint With Every Payment’.

But it goes beyond this. As touched on above in relation to privacy and explained at some length by Whitney Webb, ‘there is a related push by WEF partners to “tackle cybercrime” that seeks to end privacy and the potential for anonymity on the internet in general, by linking government-issued IDs to internet access. Such a policy would allow governments to surveil every piece of online content accessed as well as every post or comment authored by each citizen, supposedly to ensure that no citizen can engage in “criminal” activity online.

‘Notably, the WEF Partnership against Cybercrime employs a very broad definition of what constitutes a “cybercriminal” as they apply this label readily to those who post or host content deemed to be “disinformation” that represents a threat to “democratic” governments. The WEF’s interest in criminalizing and censoring online content has been made evident by its recent creation of a new Global Coalition for Digital Safety to facilitate the increased regulation of online speech by both the public and private sectors.’ See ‘Ending Anonymity: Why the WEF’s Partnership Against Cybercrime Threatens the Future of Privacy’.

But to get back to cash: Unfortunately for us, the global elite does not intend to leave the abolition of cash to our ‘preference for the convenience of cards’ and other moves to entice us to switch to digital payment. It fully intends to force us to accept digital methods as the only means of payment.

In part, this is because electronic payments are extremely lucrative for banks and payment service providers, while the data broker industry is also making huge revenues. See ‘Cash or Card –  Will COVID-19 Kill Cash? Leaving a Digital Footprint With Every Payment’.

And in some ways, ‘killing cash’ is simple. Two obvious ways of doing so are by removing ATMs (including from shopping centres) and closing local bank branches so that cash is simply unavailable. As has been happening for some time. See ‘Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?’ and ‘Australian bank branches and ATMs are vanishing’.

But, in this instance, even profitability is at the trivial end of the elite motivation spectrum.

Cash is being forced out of existence because it undermines the elite agenda to take all power from ordinary people.

So, in parallel with other regressions over the past 18 months as the elite coup to take complete control of our lives has continued to unfold, there have been ‘warnings’ from various institutions – including the World Economic Forum and the Carnegie Endowment for International Peace – about the possibility of an ‘allegedly imminent cyber attack that will collapse the existing financial system’.

Following a simulation in 2020, in which the World Economic Forum along with the Russian government and global banks conducted a high-profile cyberattack simulation that targeted the financial industry, another simulation was held on 9 July 2021 involving the World Economic Forum and the Russian government-owned Sberbank as well as other key financial agents. See ‘Cyber Polygon’ and ‘Cyber Polygon 2021’. In reality, of course, such a collapse of the financial system would constitute ‘the final yet necessary step’ to implement the World Economic Forum’s desired outcome of forcing a widespread shift ‘to digital currency and increased global governance of the international economy’.

If this financial collapse happens, the ‘solution’ suggested by key agencies – ‘to unite the national security apparatus and the finance industry first, and then use that as a model to do the same with other sectors of the economy’ – will ensure that we lose what little control is left in our lives, not just in relation to our financial resources but in all other domains as well. For a full explanation, see ‘WEF Warns of Cyber Attack Leading to Systemic Collapse of the Global Financial System’.

And for another account of the deeper agenda and its financial impacts already, including its ‘economic genocide’, as well as what is yet to happen, watch this interview of Catherine Austin Fitts: ‘Globalist Central Banking New World Order Reset Plan’.

Beyond this, if you want some insight into another key threat in the cybercrime realm, check out this video by the Ice Age Farmer in relation to the cyber threat to the power grid. See ‘“Next Crisis Bigger than COVID” – Power Grid/Finance Down – WEF’s Cyber Polygon’.

So How Can We Resist?

Fortunately, there is some resistance already.

In response to concerns in the United States that businesses that refuse cash will disadvantage communities with poor access to traditional banking systems, there are signs that ‘a national movement protecting consumers’ ability to pay in cash may be emerging’ with a number of states and cities already outlawing cashless outlets. See ‘Cash or Credit? State and City Bans on Cashless Retailers Are on the Rise’.

Realistically, however, given what is at stake, considerable elite pressure will be applied to reverse these decisions in time. So we need our defense to be more rigorous and less reliant on agents who are unlikely to be tough enough to defend our interests or will be sidelined or killed for doing so, as at least two national presidents who resisted the elite intention last year have since been killed. See ‘Coronavirus and Regime Change: Burundi’s Covid Coup’ and ‘John Magufuli: Death of an African Freedom Fighter’.

Moreover, given the likelihood that the financial system will be deliberately crashed at some point – and possibly soon – we need to employ a variety of tactics, that build resilience into our resistance, to defeat this initiative.

Hence, storing and paying with cash, moving your accounts to local community banks or credit unions (and away from the large corporate banks) and making the effort to become more self-reliant, particularly in food production, will increase your resilience, as will participating in local trading schemes, whether involving local currencies or goods and services directly.

As with all elements of the defense we implement, it will need to be multi-layered and integrated into the overall defense strategy. The elite intends to kill off many of us – as the depopulation measures within the coup, including the destruction of the global economy throwing 500,000,000 people out of work and killing millions as a result, as well as the ‘injectables’ program already killing tens of thousands, make perfectly clear – and enslave the rest.

For an integrated strategy to defeat the elite coup, see the ‘We Are Human, We Are Free’ campaign, which has 29 strategic goals for defeating the coup including meaningful engagement with police and military forces to assist them to understand and resist, rather than support, the elite agenda.

But for a simpler presentation, see the 7 Days Campaign to Resist The Great Reset. The Telegram group is here.

Conclusion

One of the interesting challenges about the current ‘Covid-19 Crisis’ is that it continues to very successfully distract most people from awareness of the deeper agenda: the Global Elite’s ‘Great Reset’ and related initiatives, such as that discussed above in relation to money.

Hence, apart from the perennial problem of raising awareness and mobilizing resistance among those still believing the elite-driven propaganda, we face two key strategic hazards.

The first hazard is a longstanding one: while virtually all people believe that elite agents – in this case, governments – are controlling events, much ‘resistance’ will focus on begging governments, through such things as petitions and protest demonstrations, to ‘fix it’ for us. The elite has long dissipated our dissent by having us direct it at one or other of its agents. This case is no different. And while we are not using our occasional large rallies to inform people how to resist powerfully every day of their life, these rallies are a waste of time whatever solidarity they build in the short term. History is categorically instructive on that point.

A second strategic hazard we face is that resistance to the ‘vaccine’ and the ‘vaccine’ passport might be ‘successful’ (in the sense that concerted actions stall some government implementation of some measures in relation to these two initiatives) and leave most people believing that they have ‘won’, while the deeper agenda remains in the shadows with virtually no-one resisting.

It is important, therefore, that those who are aware of the deeper agenda continue to provide opportunities for others to become aware of this too and the fundamental threat it poses to us all while also sharing how we can resist its key dimensions in a way that makes a difference. It is not enough to complain about elite agents, such as governments, the medical and pharmaceutical industries, and the corporate media.

We must strategically resist the elite coup itself with actions such as those in the 7 Days Campaign to Resist The Great Reset before we find ourselves locked in a technocratic prison without the free-willed minds necessary to analyze, critique, plan and act.

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.

Have We Reached “Peak Self-Glorifying Billionaire”?

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By Charles Hugh Smith

Source: Of Two Minds

Perhaps we should update Marie Antoinette’s famous quip of cluelessness to: “Let them eat space tourism.”

As billionaires squander immense resources on self-glorifying space flights, the corporate media is nothing short of worshipful. Millions of average citizens, on the other hand, wish the self-glorifying billionaires had taken themselves and all the other parasitic, tax-avoiding, predatory billionaires with them on a one-way trip into space.

Have we reached Peak Self-Glorifying Billionaire? If so, where does the downhill slide take us? Let’s start with a bit of history. Correspondent Jim B. summarized historian Arnold Toynbee’s study of the rise and fall of civilizations thusly: “Civilizations fail when their elites change from an admired dynamic creative class to a despised Establishment of corrupt rentiers, an entrenched governing class unfit to govern.”

Despised, check. Corrupt, check. Entrenched, check.

The 2013 book Why Nations Fail: The Origins of Power, Prosperity, and Poverty discusses the differences between failed states and successful states, and concludes that the failed states are fundamentally kleptocracies that answer to a self-serving elite while successful states are answerable to the broad populace.

To summarize: When the few benefit at the expense of the many, the resulting kleptocracy ends up a failed state. When states maintain meaningful, transparent ways of responding to public needs and demands, the result is a successful state.

This is of course a simplification. The perverse effects of colonialism linger, the development of civic organizations public institutions, values and identities that make up what I call the social ontology are not pre-ordained, and nations with low-cost surplus energy can be quite successful kleptocracies until their energy surplus runs out.

But in the main, the question remains: How did previously successful political, social and economic systems change such that they no longer generated beneficial synergies but slid into fatal synergies?

From the point of view of how systems fail to maintain dynamic stability, three factors pop out:

1. Elites become too successful in sluicing the nation’s income, wealth and political power into their own hands.

2. Since the system continues to thrive despite their dominance, then there is obviously no need to change anything–especially if it reduces their share of the nation’s wealth and political power.

3. The elites ignore the intangible decay of leadership, the real-world dynamics of scarcity and over-estimate their own capabilities and the resilience of the system.

I recently described the feedback loop that occurs when a wealthy elite can purchase political power:“as a result of their campaign contributions and lobbying, the elites’ wealth continues expanding, enhancing their political power to further expand their wealth, and so on.”

In a healthy system, there are mechanisms that limit elite ownership of wealth and political power to what the system can bear. Over time, the feedback I described increases elite wealth and power to a point where the limits are crushed and the elite feedback gathers momentum.

With institutional limits no longer in the way, the elite reaches the point where the political system no longer responds to the broad public at all, and the vast majority of income-producing wealth is already in the hands of the elite.

The U.S. is already at this final stage: Wealth/Power Inequality and the Slide Into Disorder.

Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens: “Contrary to what decades of political science research might lead you to believe, ordinary citizens have virtually no influence over what their government does in the United States.”

This dominance throws the system out of balance such that, as David Parsons recently put it: (Elite-dominated) “Capitalism makes everyone homeless and then makes award-winning movies about how resilient people are for living in their cars.”

The apparent success of the system even as it grows ever more imbalanced generates a self-serving confidence in the Elites that their dominance is not only benign but permanent.

But this self-serving view is illusory. Beneath the surface, major subsystems are attempting to re-establish stability, but the instability is so extreme that the measures being deployed are also extreme.

These policy extremes only push the system further out of balance in other directions, creating fatal synergies as mutually reinforcing imbalances pile up.

See the chart below of money supply as one example of many.

But the elite is blinded by their confidence and greed to these accelerating imbalances. They reckon that managing the narratives (a.k.a. propaganda), minor policy tweaks and creating more currency and credit are all that’s needed to maintain what they consider the optimal form of stability: they own 99% of political power and 97% of all the income from capital.

Monopoly Versus Democracy: How to End a Gilded Age: “Ten percent of Americans now control 97 percent of all capital income in the country. Nearly half of the new income generated since the global financial crisis of 2008 has gone to the wealthiest one percent of U.S. citizens. The richest three Americans collectively have more wealth than the poorest 160 million Americans.”

I’ve often noted that the wealth of Rome’s political and economic elite went from being 20 times the wealth of a landowning farmer or craftsman to 200,000 times the commoners’ wealth at the end of the Western Empire. Now that three individuals own more wealth than half the American populace, and the top 0.1% hold more wealth than the bottom 80%, I think we can safely declare we’ve reached the same extreme.

The first tranche of American presidents left office less wealthy than when they entered because serving in public office was understood as a noble and valued sacrifice of time and wealth. Now presidents leave office far wealthier than when they entered public service.

Per #3, the elite no longer sees any compelling reason to sacrifice their income, wealth and power to stabilize the system or benefit the common good. In the view of the billionaires, if any sacrifices are necessary, then they should be borne by the bottom 95%, or failing that, the bottom 99.5%.

Given their dominance, their willingness to use their wealth and power to protect their dominance dooms the system to destabilization and collapse, as the resources and value system required to successfully navigate eras of instability and scarcity are no longer available to the state or public.

In effect, the elite uses its power not to restabilize the system but to maintain its extreme dominance and protect it from any political threats.

A once vibrant ecosystem has become a monoculture whose stability is far more precarious than it appears on the surface, as the resilience of monocultures is entirely artificial.

Two recent books illuminate corners of this destabilizing inequality:

Billionaire Wilderness: The Ultra-Wealthy and the Remaking of the American West

‘Jackpot’ Looks at How Inequality Is Experienced by the Very, Very Rich

We are in the final stages of this accelerating destabilization: the refusal of the elite to sacrifice any meaningful share of their wealth and power to save the system from fatal synergies guarantees collapse.

Perhaps we should update Marie Antoinette’s famous quip of cluelessness to: “Let them eat space tourism.” We all know where this cluelessness ultimately leads.

How Breakdown Cascades Into Collapse

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By Charles Hugh Smith

Source: Of Two Minds

Maintaining the illusion of confidence, permanence and stability serves the interests of those benefiting from the bubbles and those who prefer the safety of the herd, even as the herd thunders toward the precipice.

The misconception that collapse is an all or nothing phenomenon is common: Either the system rights itself with a bit of money-printing and rah-rah or it collapses into post-industrial ruin and gangs are battling over the last stash of canned beans.

Neither scenario considers the fragility and resilience of the socio-economic system as a whole. It is both far more fragile than the believers in the permanence of the waste is growth model grasp and more resilient than the complete collapse prognosticators grasp.

The recent relatively mild logjams in global supply chains of essentials are mere glimpses of precariously fragile delivery-supply systems. These can be understood as bottlenecks that only insiders see, or as unstable nodes through which all the economy’s connections run. Put another way, the economy’s as a network appears decentralized and robust, but this illusion vanishes when we consider how the entire economy rests on a few unstable nodes.

One such node is the delivery of gasoline and fuels. It’s such an efficient and reliable system that 99.9% of us take it for granted: there will always be plenty of gasoline at every station, the tanks of jet fuel will always be topped off, and so on.

The 0.1% know that this system, once disrupted, would knock over dominoes all through the economy.

Hyper-efficiency and hyper-globalization has reduced the number of producers of essentials to the point that disruptions cannot be overcome with redundant sources. We see this everywhere in the global economy: a handful of plants and companies (sometimes a single source of essential components) process or manufacture essential components in much larger systems.

This is how you end up with thousands of newly manufactured vehicles parked in lots awaiting one critical part that is in short supply.

Another key weakness is the entire system’s reliance on debt, leverage and speculation. Few seem to understand that physical production and delivery systems can grind to a halt for financial reasons–for example, lines of credit being pulled, a counterparty to some arcane commodity swap goes under, taking the presumably solvent corporation down with it, and so on.

The more debt that’s been piled up, the greater the instability of the entire system. Risk always appears low until the system destabilizes, and then all the hedges fail and risk breaks out, flooding through the entire financial system.

Leverage is great fun on the way up, as it magnifies gains. Since the Federal Reserve implicitly guarantees that “buy the dip” will generate massive gains, why not ramp up leverage ten-fold to maximize those Fed-guaranteed gains?

Leverage is less fun on the way down. When the underlying collateral has shrunk to 20% of the leveraged bets being made, a 21% decline in the asset wipes out all the collateral holding up the palace of leveraged debt.

The Fed can print money but it can’t create collateral, nor can it make insolvent entities solvent. All the Fed can do is increase the debt and leverage, which is not the solution, it’s the problem.

Speculation is also inherently unstable, as the euphoric herd, once startled, turns in panic and stampeded in fear. Markets which appeared liquid–i.e., sellers could count on someone buying as many millions of shares as they desired to sell–become illiquid, as buyers vanish like mist in Death Valley. With buyers gone, prices plummet to levels the herd reckoned “impossible” just days before.

The Fed’s entire strategy in the 21st century has been to inflate asset bubbles that generate the illusion of wealth–the so-called wealth effect which is presumed to inspire voracious borrowing and spending.

Unfortunately for the Fed, most of the gains flowed to the top 0.1%, and an economy based on a handful of billionaires buying super-yachts and spaceships is a line of dominoes awaiting the inevitable “accident.” So there are two systemic problems with relying on asset bubbles to generate “wealth”: 1) since 90% of the assets are owned by a thin slice of the populace, bubbles increase destabilizing inequality, and 2) bubbles are intrinsically unstable. So the U.S. economy, dependent on the Fed for the “juice” of monetary stimulus, is now dependent on incredibly unstable bubbles in assets, debt and leverage, bubbles which have generated extremes of wealth/income inequality that are destabilizing the social and political orders.

As the three charts below illustrate, the fragility and instability are well hidden until it’s too late: bubbles, debt, leverage, budgets and revenues can only click higher because the system breaks down if there is any sustained decline (the rising wedge model of breakdown). Once the subsystems fail, there’s no putting the eggshell back together.

The second chart depicts how buffers thin beneath the surface, masking the systemic fragility. The loss of redundancy, the decay of maintenance, the loss of experienced workers–all of these are hidden from public view until the system breaks down.

The third chart tracks the S-curve of expansion, confidence, complacency, delusion and collapse followed by human systems, from nations to empires to corporations: as the buffers thin and the rising wedge reaches an apex of vulnerability, the leadership evinces a delusional confidence in the permanence and stability of increasingly fragile, unstable systems.

Maintaining the illusion of confidence, permanence and stability serves the interests of those benefiting from the bubbles and those who prefer the safety of the herd, even as the herd thunders toward the precipice.

This is how breakdowns in apparently stable subsystems triggers the fall of dominoes throughout the larger system, leading to a collapse that was widely viewed as “impossible.” Such is the power of complacency and delusion.