Category Archives: Neoliberalism

The American Terror State

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By Donald Monaco

Source: Global Research

On February 26, 2021, imperial President Joe Biden ordered the bombing of “Iranian backed militias” in Syria. Biden’s action was rationalized as “retaliation” for rocket attacks on American troops in Iraq that killed a mercenary contractor and injured a U.S. soldier.  

Missing from coverage in the corporate media was any mention of the illegal U.S. military occupation of Iraq and Syria.  The occupation was simply airbrushed from discussion.  By so doing, reality is inverted.  Victim is portrayed as aggressor and aggressor as victim.

From the standpoint of international law, aggressive military action taken by occupation forces cannot be termed self-defense.  Yet political elites and media propagandists finesse basic truths by detaching U.S. forces from the context of illegal invasion and occupation.  They assume the military has a ‘right’ to be deployed anywhere in the world.

Paradoxically, the militias assaulted by the United States have been fighting ISIS, once again exposing the ‘war on terror’ as a massive lie.  The same militia forces Biden attacked were once led by Iranian General Soleimani, who was assassinated by Trump, further demonstrating the genuine purpose of military deployment which is to destabilize regimes targeted as unfriendly, meaning not subservient to the Washington.

Almost simultaneously, the Biden administration signaled that there would be no punishment of Saudi crown prince Mohammed bin Salman, who was identified by the CIA as having given the order to assassinate Washington Post journalist, Jamal Khashoggi.

Also, unsurprisingly, the Biden administration announced that it would appeal a British magistrate’s decision not to extradite Julian Assange to the United States for prosecution under the espionage act.  Assange languishes in a British prison pending the appeal.  His transgression? Exposing U.S. war crimes in Iraq.

The pattern is clear.  Any action that supports U.S. global hegemony is justified, while any opposition is criminalized and repressed.

The core mission of the American terror state is to make the world safe for U.S. corporate profiteering.  A corollary imperative is to prevent any challenge to U.S. global domination.

First, the United States is a permanent warfare state that fights perpetual wars for perpetual profits.  The profits accrue to the “merchants of death” who sell their wares within the iron triangle of a military-industrial-complex that guarantees a massive return on capital investments.  The process is known as “military Keynesianism.”  Corporations such as Lockheed Martin, Raytheon, General Dynamics, and Boeing provide the arms for a global military empire to defend the global corporate empire.  Profits also flow to members of congress who own stock in the defense industry.

The permanent warfare state also allows profits to accumulate for corporations that exploit the world’s land, labor, and resources by protecting their access to foreign markets.  Corporations such as World Mineral Inc, Peabody Energy, Rio Tinto, General Motors, Lithium Americas, AES, and Blackberry Ltd in the mineral extraction industry, Exxon Mobile, ConocoPhillips, and Chevron in the energy industry, Apple, Amazon, Alphabet, and Microsoft in the technology industry, General Motors, Ford, and Tesla in the automotive industry, Johnson & Johnson, Merck, and Pfizer in the pharmaceutical industry, and Walmart, Amazon, and Costco in the retail industry all operate in the global market.

Commercial banks such as JP Morgan Chase, Citigroup, Bank of America in the banking industry, Wall Street investment firms led by JP Morgan, Goldman Sachs, and Morgan Stanley in the financial industry, and private equity firms such as The Blackstone Group, The Carlyle Group, Kohlberg Kravis Roberts Co, and TPG Capital in the investment management industry finance global corporate transactions.

U.S. Fortune 500 companies made $14.2 trillion in revenues during 2020 and held an estimated $2.6 trillion offshore to avoid paying taxes.  The largest American corporations made billions of dollars in profits while laying off thousands of workers during the coronavirus lockdown.  Billionaires Jeff Bezos, Elon Musk, Warren Buffett, and their cohorts increased their net worth by half a trillion dollars during a pandemic that saw 8 million people join the ranks of 38.1 million poor Americans.  Another 93.6 million live close to the poverty level in the richest nation on earth.

Second, any country that wants to control its own land, labor, and resources by implementing an agenda of economic nationalism becomes a barrier to free trade, globalization, and the neoliberal economic paradigm that emphasizes privatization and deregulation of economies for the benefit of private capital.  Countries that do not throw themselves open to foreign investment are punished by crippling economic sanctions imposed by the U.S. Department of Treasury.

Third, the neoliberal economic agenda of free market privatization drives the neoconservative political agenda of American global hegemony as justified by Bush Jr.’s “Preemptive War on Terror,” Obama’s “Humanitarian Intervention,” Trump’s “America First,” and Biden’s “Advancement of Democracy” ideologies.

Neoconservatives dominate the foreign policy establishment.  Besides protecting U.S. empire, they are rabidly pro-Israel.  The neocons conflate the interests of the United States with the interests of Israel, ignoring George Washington’s admonition to avoid “foreign entanglements.”  They want the United States to go to war with Iran, as they understand that the destruction of resistance to Zionist colonization in Palestine can only be accomplished by defeating Tehran.

Other Middle Eastern and North African countries that supported the Palestinian cause and had large reserves of oil coveted by empire, were decimated by implementation of a neoconservative plan to attack seven Muslim countries in five years, beginning with Iraq and ending with Iran.

George W. Bush, the Texas oil man, Dick Cheney, former Chief Executive Officer of Halliburton, and a rat’s nest of neoconservatives led by Paul Wolfowitz, Douglas Feith, Richard Perle, and I. Lewis Libby decimated Iraq.

Barack Obama, the University of Chicago law professor and Nobel Peace Prize winner and neoconservative Secretary of State Hillary Clinton, destroyed Syria and turned Libya into a failed state that resulted in the enslavement of Black Africans.

Donald Trump, the real estate mogul and celebrity show host and Mike Pompeo, neoconservative war hawk and Secretary of State, continued the occupations of Syria, Iraq, and Afghanistan, supported Saudi Arabia’s genocidal war in Yemen, recognized Israel’s annexation of the Syrian Golan Heights, moved the U.S. embassy to the occupied city of Jerusalem and offered the Palestinians the “Deal of the Century” that was promptly rejected.

Despite his rhetoric, Trump failed to stand-up to the military-industrial-complex by ending ongoing U.S. wars.

Finally, Joe Biden, a self-professed Zionist, supported every U.S. war to come down the pike during his tenure as U.S. senator and vice-president, making him a warmonger.

The policies of empire are planned in the corridors of the Council on Foreign Relations, Heritage Foundation, Rand Corporation, Center for Strategic and International Studies, American Enterprise Institute and a myriad array of pro-war institutes that function within the policy formulation network financed by the corporate rich.

The matrix of power in the United States is strikingly transparent.  The corporate rich own the country.  The political class protects their property and their empire by pursuing the interests of oligarchic masters as defined by ‘experts’ in the policy formulation network.  Academic and media elites rationalize the need for an empire that is never called by its proper name.

The costs of empire paid by the American people are staggering.

A study conducted by the Watson Institute of International & Public Affairs at Brown University concluded that the United States has spent $6.4 trillion on war since 9/11.

The National Defense Authorization Act of 2021 allocated $740 Billion for the military and prohibited President Trump from withdrawing troops from Afghanistan and Iraq.  Joseph Biden works within in the same institutional framework that enmeshed his predecessor.  The Biden administration is considering troop re-deployment to confront Russia and China.  But no return of troops to the United States is contemplated.

The United States currently has over 1.3 million active-duty troops, with 450,000 stationed on over 800 military bases in 70 countries around the world. Special military operations are being conducted in 141 countries.  U.S. global military presence escalated under both the Obama and Trump administrations.

As U.S. military presence increases around the world, so do the crimes of empire.  Obama prosecuted drone warfare that killed approximately 5,000 innocent civilians.  Trump escalated drone strikes.   Obama launched 1,878 attacks during his eight years in office.  Trump ordered 2,243 strikes during his four-year tenure in the White House while concealing deaths that occurred as the result of attacks.

Since 9/11 the U.S. has killed an estimated 6 million people in wars in Iraq, Afghanistan, Pakistan, Libya, Syria, Somalia, and Yemen.  At least 37 million people have been displaced by U.S. wars.  The U.S. has bombed 9 countries since 9/11 adding to the list of 24 other nations it bombed after World War II.  Exactly 80 countries have been subjected to U.S. counter-terrorism operations during the “war on terror.”  Behind the statistics lies an ocean of human suffering.

The monumental questions of peace and war in the United States will not be decided by an election.  They will ultimately be decided by a revolt.  The shell-game of American politics wherein populist rhetoric is used to conceal plutocratic governance is bankrupt.

The United States is a militarized terror state.  The magnitude of violence perpetrated by the U.S. government has become so routine that perpetual war is normalized.  The question remains, how long will the American people continue to be slaves of a terror state?

Facebook hires ex-NATO press officer and social media censor Ben Nimmo as intel strategist

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By Alan Macleod

Source: The Grayzone

Ben Nimmo, a former NATO press officer and current senior fellow at the Atlantic Council, has announced Facebook has hired him to “lead global threat intelligence strategy against influence operations” and “emerging threats.” Nimmo specifically named Russia, Iran and China as potential dangers to the platform.

His announcement was greeted with joy by several NATO officials but was not met with such enthusiasm by others. “More censorship on the way as the former NATO press officer turned Pentagon-funded ‘researcher’ who labeled real people as Russian bots and peddled disinformation to link Jeremy Corbyn to Russian active measures moves to big tech,” responded investigative journalist Max Blumenthal.

Nimmo’s questionable past certainly raises questions over whether such an official having a substantial say in what 2.8 billion Facebook users worldwide see in their feeds is such a positive step for the free and open exchange of information.

“Disinformation agents”

For example, in 2019, U.K. Labour Party leader Jeremy Corbyn revealed secret Conservative Party documents showing negotiations the Tory government had with the U.S. over the privatization of the National Health Service (NHS). With just days to go before the U.K. general election, the scandal could have toppled the government and brought into power the most radical antiwar, anti-establishment government in the country’s history. Corporate media went into overdrive to spin the news, and Nimmo was a key part of this, immediately announcing, without evidence, that the documents “closely resemble…a known Russian operation.” His supposedly expert conjecture allowed the story to become “Corbyn’s links to Russia” rather than “Tories privatizing the NHS in secret.” Nimmo’s work helped the Conservatives to an election victory and consigned Corbyn to the scrapheap.

This was much to the relief of Nimmo’s Atlantic Council, who had branded Corbyn the “Kremlin’s Trojan Horse” — someone pushing Moscow’s agenda abroad. A British Army general was of a similar opinion, claiming that if Corbyn were to win the election, the military would respond. Secretary of State Mike Pompeo also said that the U.S. government was “doing its best” to prevent a radical leftist from winning power in the U.K.

Nimmo has been extremely liberal with whom he labels Russian disinformation agents. In 2018, his research identified one Twitter user, @Ian56789, as a “Kremlin troll.” In reality, the user, Ian Shilling, was a British pensioner, as Sky News was easily able to confirm, interviewing him on air and asking him the patently absurd question if he was actually a Russian bot or not. Despite clearly being a flesh and blood human, Shilling’s account was later deleted anyway.

In the past, Nimmo has also insisted that Valentina Lisitsa was an influential Russian bot. In reality, she is an internationally known concert pianist, as one Google search would have shown. This sort of behavior does not augur well for those critical of Western foreign policy, who have faced constant harassment, suspension, or outright bans from social media.

https://twitter.com/ValLisitsa/status/978559232508416000

Pro-war putsch

The Atlantic Council began as an offshoot of NATO itself and maintains extremely close connections to the military alliance. It continues to receive major funding from Western governments and weapons contractors, and its board of directors is filled to the brim with former American foreign policy officials such as Colin Powell, Condoleezza Rice, and Henry Kissinger. Also appearing on the board are no fewer than seven former CIA directors and a number of top military generals, such as Jim “Mad Dog” Mattis, Wesley Clark, and David Petraeus.

In recent years, the council’s employees have penetrated deep into big tech and social media organizations. In 2018, it announced it had partnered with Facebook to aid in the curation of Facebook news feeds of users worldwide, giving it considerable power over what sort of views to highlight and which to demote. One year previously, Jessica Ashooh left the position of the council’s Deputy Director of Middle Eastern Strategy to take the position of Director of Policy at Reddit, the eighth-most visited website in the United States. However, as with many intelligence agencies, it is unclear whether one truly “leaves” the Atlantic Council.

It is not just Russia that is in NATO’s crosshairs. Last week, the Atlantic Council published an anonymous, 26,000-word report stating that their goal for China was regime change and advising President Biden to draw a number of “red lines” around it, beyond which the U.S. would respond militarily. Meanwhile, the head of STRATCOM, Admiral Charles A. Richard, wrote that the U.S. must prepare for a potential nuclear war with Beijing.

Greater control

The military escalation has been mirrored by an intensifying online propaganda war, where the U.S. has attempted to isolate China economically and stop advancing Chinese technologies such as Huawei’s 5G network, mobile phone, and semiconductor manufacturer Xiaomi, and video sharing app TikTok. Nimmo has played his part in ramping up suspicions of nefarious Chinese activity online, claiming the existence of a wide-ranging pro-Beijing bot network encouraging Americans to believe that China has handled the COVID-19 pandemic far better than the United States. That Americans might have come to that conclusion on their own appears not to have been considered.

There is an enormous government effort to convince its population of the existence of (foreign) government efforts to manipulate their opinions online. In a massive case of projection, Western governmental organizations point the finger at their enemies, all the while securing greater access and control over the means of communication themselves, to the point where it is now difficult to distinguish where the deep state ends and the fourth estate begins. Nimmo’s move from NATO to NATO-aligned think tank to Facebook is just another example of this phenomenon. Perhaps the reason Nimmo is not looking for any Western influence operations online is that he is part of one.

Viral Inequality: From Jeff Bezos to the struggle of Indian Farmers

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Billionaires have profited enormously from lockdown, whilst mega corporations are buying out and shutting down independent stores and farms.

By Colin Todhunter

Source: OffGuardian

According to a new report by Oxfam, ‘The Inequality Virus’, the wealth of the world’s billionaires increased by $3.9tn (trillion) between 18 March and 31 December 2020. Their total wealth now stands at $11.95tn.

The world’s 10 richest billionaires have collectively seen their wealth increase by $540bn over this period. In September 2020, Jeff Bezos could have paid all 876,000 Amazon employees a $105,000 bonus and still be as wealthy as he was before COVID.

At the same time, hundreds of millions of people will lose (have lost) their jobs and face destitution and hunger. It is estimated that the total number of people living in poverty could have increased by between 200 million and 500 million in 2020. The number of people living in poverty might not return even to its pre-crisis level for over a decade.

Mukesh Ambani, India’s richest man and head of Reliance Industries, which specialises in petrol, retail and telecommunications, doubled his wealth between March and October 2020. He now has $78.3bn. The average increase in Ambani’s wealth in just over four days represented more than the combined annual wages of all of Reliance Industries’ 195,000 employees.

The Oxfam report states that lockdown in India resulted in the country’s billionaires increasing their wealth by around 35 per cent. At the same time, 84 per cent of households suffered varying degrees of income loss. Some 170,000 people lost their jobs every hour in April 2020 alone.

The authors also noted that income increases for India’s top 100 billionaires since March 2020 was enough to give each of the 138 million poorest people a cheque for 94,045 rupees.

The report went on to state:

…it would take an unskilled worker 10,000 years to make what Ambani made in an hour during the pandemic…and three years to make what Ambani made in a second.”

During lockdown and after, hundreds of thousands of migrant workers in the cities (who had no option but to escape the country’s avoidable but deepening agrarian crisis) were left without jobs, money, food or shelter.

It is clear that COVID has been used as cover for consolidating the power of the unimaginably rich. But plans for boosting their power and wealth will not stop there. One of the most lucrative sectors for these people is agrifood.

More than 60 per cent of India’s almost 1.4 billion population rely (directly or indirectly) on agriculture for their livelihood. Aside from foreign interests, Mukesh Ambani and fellow billionaire Gautam Adani (India’s second richest person with major agribusiness interests) are set to benefit most from the recently passed farm bills that will lead to the wholesale corporatisation of the agrifood sector.

CORPORATE CONSOLIDATION

A recent article on the grain.org website, ‘Digital control: how big tech moves into food and farming (and what it means)’, describes how Amazon, Google, Microsoft, Facebook and others are closing in on the global agrifood sector while the likes of Bayer, Syngenta, Corteva and Cargill are cementing their stranglehold.

The tech giants entry into the sector will increasingly lead to a mutually beneficial integration between the companies that supply products to farmers (pesticides, seeds, fertilisers, tractors, drones, etc) and those that control the flow of data and have access to digital (cloud) infrastructure and food consumers. This system is based on corporate centralisation and concentration (monopolisation).

Grain notes that in India global corporations are also colonising the retail space through e-commerce. Walmart entered into India in 2016 by a US$3.3 billion take-over of the online retail start-up Jet.com which, in 2018, was followed by a US$16 billion take-over of India’s largest online retail platform Flipkart. Today, Walmart and Amazon now control almost two-thirds of India’s digital retail sector.

Amazon and Walmart are using predatory pricing, deep discounts and other unfair business practices to lure customers towards their online platforms. According to Grain, when the two companies generated sales of over US$3 billion in just six days during a Diwali festival sales blitz, India’s small retailers called out in desperation for a boycott of online shopping.

In 2020, Facebook and the US-based private equity concern KKR committed over US$7 billion to Reliance Jio, the digital store of one of India’s biggest retail chains. Customers will soon be able to shop at Reliance Jio through Facebook’s chat application, WhatsApp.

The plan for retail is clear: the eradication of millions of small traders and retailers and neighbourhood mom and pop shops. It is similar in agriculture.

The aim is to buy up rural land, amalgamate it and roll out a system of chemically-drenched farmerless farms owned or controlled by financial speculators, the high-tech giants and traditional agribusiness concerns. The end-game is a system of contract farming that serves the interests of big tech, big agribusiness and big retail. Smallholder peasant agriculture is regarded as an impediment to be replaced by large industrial-scale farms.

This model will be based on driverless tractors, drones, genetically engineered/lab-produced food and all data pertaining to land, water, weather, seeds and soils patented and often pirated from peasant farmers.

Farmers possess centuries of accumulated knowledge that once gone will never be got back. Corporatisation of the sector has already destroyed or undermined functioning agrarian ecosystems that draw on centuries of traditional knowledge and are increasingly recognised as valid approaches to secure food security.

And what of the hundreds of millions to be displaced in order to fill the pockets of the billionaire owners of these corporations? Driven to cities to face a future of joblessness: mere ‘collateral damage’ resulting from a short-sighted system of dispossessive predatory capitalism that destroys the link between humans, ecology and nature to boost the bottom line of the immensely rich.

IMPERIAL INTENT

India’s agrifood sector has been on the radar of global corporations for decades. With deep market penetration and near saturation having been achieved by agribusiness in the US and elsewhere, India represents an opportunity for expansion and maintaining business viability and all-important profit growth. And by teaming up with the high-tech players in Silicon Valley, multi-billion dollar data management markets are being created. From data and knowledge to land, weather and seeds, capitalism is compelled to eventually commodify (patent and own) all aspects of life and nature.

Foreign agricapital is applying enormous pressure on India to scrap its meagre (in comparison to the richer nations) agricultural subsidies. The public distribution system and publicly held buffer stocks constitute an obstacle to the profit-driven requirements of global agribusiness interests.

Such interests require India to become dependent on imports (alleviating the overproduction problem of Western agricapital – the vast stocks of grains that it already dumps on the Global South) and to restructure its own agriculture for growing crops (fruit, vegetables) that consumers in the richer countries demand. Instead of holding physical buffer stocks for its own use, India would hold foreign exchange reserves and purchase food stocks from global traders.

Successive administrations have made the country dependent on volatile flows of foreign capital via foreign direct investment (and loans). The fear of capital flight is ever present. Policies are often governed by the drive to attract and retain these inflows. This financialisation of agriculture serves to undermine the nation’s food security, placing it at the mercy of unforeseen global events (conflict, oil prices, public health crises) international commodity speculators and unstable foreign investment.

Current agricultural ‘reforms’ are part of a broader process of imperialism’s increasing capture of the Indian economy, which has led to its recolonization by foreign corporations as a result of neoliberalisation which began in 1991. By reducing public sector buffer stocks and introducing corporate-dictated contract farming and full-scale neoliberal marketisation for the sale and procurement of produce, India will be sacrificing its farmers and its own food security for the benefit of a handful of unscrupulous billionaires.

As independent cultivators are bankrupted, the aim is that land will eventually be amalgamated to facilitate large-scale industrial cultivation. Indeed, a recent piece on the Research Unit for Political Economy site, ‘The Kisans Are Right: Their Land Is At Stake‘, describes how the Indian government is ascertaining which land is owned by whom with the ultimate aim of making it easier to eventually sell it off (to foreign investors and agribusiness). Other developments are also part of the plan (such as the Karnataka Land Reform Act), which will make it easier for business to purchase agricultural land.

India could eventually see institutional investors with no connection to farming (pension funds, sovereign wealth funds, endowment funds and investments from governments, banks, insurance companies and high net worth individuals) purchasing land. This is an increasing trend globally and, again, India represents a huge potential market. The funds have no connection to farming, have no interest in food security and are involved just to make profit from land.

The recent farm bills – if not repealed – will impose the neoliberal shock therapy of dispossession and dependency, finally clearing the way to restructure the agri-food sector. The massive inequalities and injustices that have resulted from the COVID-related lockdowns are a mere taste of what is to come.

The hundreds of thousands of farmers who have been on the streets protesting against these bills are at the vanguard of the pushback – they cannot afford to fail. There is too much at stake.

Biden and the Democrats will Sow Chaos in Latin America

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By Timothy Alexander Guzman

Source: Silent Crow News

Election Interference, Regime Change and a Possible Humanitarian Intervention is on Washington’s Agenda 

US President Joseph Biden, a relic from Washington’s old political establishment will continue the same imperialist policies in Latin America as did his predecessors including that of Donald Trump.  There is a clear indication that Washington’s hostilities towards Venezuela’s President Nicolas Maduro will continue under a Biden administration.  The day before Biden’s inauguration, Reuters’ had published a report on what we can expect from the new administration when it comes to Venezuela, ‘Biden will recognize Guaido as Venezuela’s leader, top diplomat says.’ which means that Washington will continue to support the opposition leader, Juan Guaido as Venezuela’s “legitimate” president.  According to the report, Anthony Blinken said “U.S. President-elect Joe Biden’s administration will continue to recognize Venezuelan opposition leader Juan Guaido as the South American country’s president.” Not only Washington would recognize a political figure who was selected by Washington, it would continue to use targeted sanctions on the Latin American country coinciding with humanitarian aid:

Blinken told members of the U.S. Senate that Biden would seek to “more effectively target” sanctions on the country, which aim to oust President Nicolas Maduro – who retains control of the country. Blinken said the new administration would look at more humanitarian assistance to the country

US hostilities towards Venezuela did not start with Trump, there were tensions between Washington and Caracas with the Obama and Bush regimes.  An article from the Associated Press (AP) in 2015 ‘Venezuela’s President Accuses Vice President Biden of Plotting to Overthrow Him’ said that Washington had imposed “new visa restrictions on Venezuelan officials and their families.”  The former White House Communications Director under Obama, Jen Psaki who is now on Biden’s team as the White House Press Secretary said that “the U.S. was showing clearly that human rights violators and their families “are not welcome in the United States.” Washington’s actions earned condemnation from Maduro who said that “he would write a letter to Obama over what he called an attempt to violate Venezuela’s national sovereignty” and that Washington’s long-time policies which are basically strong-arm tactics used on Venezuela and its close allies in the region will lead to failure “U.S. policy toward Venezuela has been kidnapped by “irresponsible, imperial forces that are putting the United States on a dead-end.”  Maduro’s response towards Washington’s sanctions at the time was on a televised national address which he criticized Obama’s Vice-President, Joe Biden:

In a televised address over the weekend, Maduro claimed that Biden sought to foment the overthrow of his socialist government during a Caribbean energy summit Biden hosted last month in Washington. According to Maduro, Biden told Caribbean heads of state that the Venezuelan government’s days were numbered and it was time they abandon their support.  “What Vice President Jose Biden did is unspeakable,” Maduro said

And of course, Washington dismissed Maduro’s claims as “ludicrous.”  With Joe Biden in charge, expect more of the same bi-partisanship actions including more sanctions, regime change operations and even the possibility of an assassination attempt on  Maduro’s life.  With a number of war hawks appointed under this new administration including humanitarian interventionist, Samantha Power who will lead the United States Agency for International Development (USAID) tweeted “What’s happening in Venezuela is flying under the radar in the US, but it is incredibly serious” shows what direction Washington will move towards.  “In the past week, the opposition banned from competing in April presidential elections, UNICEF warns of child malnutrition crisis, IMF predicts 13,000% inflation in 2018” meaning that Power will push for a humanitarian intervention in some form or another.  Power has supported military interventions in Syria and was a cheerleader for the war in Afghanistan and Libya.  There will be bi-partisan support from both the democrats and republicans for regime change in Venezuela.  But a war against Venezuela under Biden is also quite possible since they have the world’s largest oil reserves on the planet.  Tensions between Washington and Caracas will only escalate in the upcoming months.

Nicaragua will be also on Washington’s radar as they are scheduled to have Presidential elections in November.  Expect some sort of election interference to oust long-time enemy of Washington, Nicaraguan President, Daniel Ortega.  In a September 5th tweet, Biden said “Nicaraguan asylum seekers fleeing oppression deserve to have their cases heard.  Instead, they’re being deported back into the tyrannical grip of Daniel Ortega without a chance to pursue their claims.  President Trump’s cruelty truly knows no bounds.”  Venezuela and Nicaragua will experience hostilities from the Biden team, a continuation of policies from previous US regimes is assured.

Obama’s 2009 Coup in Honduras is a Warning to Anti-Imperialists in Latin America 

Joe Biden’s history with Latin America as vice-President to Obama should be considered a warning sign of things to come.  As soon as Obama was selected for office, they went to work on their backyard with a shovel in hand and set their sights on the small nation of Honduras.  Before, the US approved the coup against its Democratic leader, Manuel Zelaya because he wanted to rewrite the constitution. Zelaya administered an opinion poll for a referendum so that a constitutional assembly can legally reform the constitution that would allow Honduran citizens to have a legitimate voice in the political process.  Honduran officials, members of the Supreme Court and even members of his own party who are under Washington’s control declared Zelaya’s plans as unconstitutional.  Officials from the Obama regime including Hillary Clinton who was the Secretary of State at the time, all agreed Zelaya had to be removed from power.  Zelaya was also too friendly with Washington’s enemies in the region including Bolivia, Ecuador, Nicaragua and Venezuela.  Zelaya had also helped people in need as he raised the hourly minimum-wage, funded scholarships for students, authorized the distribution of milk and basic food necessities for children and even helped distribute energy-saving light bulbs among others for the Honduran people. Washington also considered Zelaya a threat to its interests concerning the Central American Free Trade Agreement (CAFTA) and its US troops stationed at the Palmerola military base if Zelaya decided to cancel the CAFTA deal or stop US troops from entering Honduras.  For decades, Washington has trained soldiers and officers in the Honduran military through the former U.S. Army School of the Americas (SOA) which is now called the Western Hemisphere Institute for Security Cooperation (WHINSEC).

On June 28th, 2009, with permission from the Supreme Court of Honduras issued an order for the military to arrest and detain President Zelaya  who was taken to the Hernan Acosta Mejia Air Base located in Tegucigalpa, Honduras and was exiled to Costa Rica.  The aftermath of the coup resulted in Honduras becoming one of the most dangerous countries on the planet with one of the highest murder-rates in Central America. Roberto Micheletti became the interim-president following the coup.  Under his leadership, the Honduras government became a repressive force that lead to an increase of Hondurans deciding to immigrate to the US.  Human rights groups and activists lives were threatened.  In 2016, one of the death threats became a reality for a well-known Indigenous rights and environmental activist by the name of Bertha Caceres who was assassinated in her home.  Caceres was known for preventing one of the world’s largest corporations that builds dams from completing the Agua Zarca Dam at the Río Gualcarque.  Life in Honduras became worst after Washington’s intervention to oust a democratically elected leader who wanted to make things a little better for his people which constitutes a criminal act under Washington’s political establishment.

What Does An Imperialist Power Under Joseph Biden Mean for Latin America?

The gloves will come off.  Joe Biden wants to get the job done for the Military-Industrial Complex.  The Biden regime will be more aggressive and dangerous to left-wing Latin American leaders who have disobeyed Washington’s political establishment.  That’s why they are all on the hit-list to be removed from power so that Washington’s preferred candidates can regain control to benefit their corporate and military interests that has plunged Latin America into a cycle of civil wars, debt and poverty since the end of the Spanish-American war.  Biden and the Democrats will try to prove to the Republicans who can be more “tough” on Latin American leaders and others around the world who defy Washington’s policies.  Biden’s presidency might prove that his administration will be more hawkish than the Republicans on Venezuela and the rest of Latin America’s anti-imperialist governments.

Consent-Manufacturing For Patriot Act II Continues

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By Caitlin Johnstone

Source: CaitlinJohnstone.com

It’s been obvious for a long time that the best way to stop the rise of right-wing extremism in America that everyone’s so worried about today is not to pass a bunch of authoritarian laws, but to reverse the policies of soul-crushing neoliberalism and domestic austerity which led to Donald Trump. Instead of doing this, the next president is already pushing a Patriot Act sequel and reducing the stimulus checks he’d promised the public before he’s even been sworn in.

President-elect Biden promised unambiguously that if voters gave the Democratic Party control of the Senate by electing Raphael Warnock and Jon Ossoff in Georgia earlier this month, checks of $2,000 would “go out the door immediately”. Warnock blatantly campaigned on the promise of $2000 checks if elected, literally using pictures of checks with “$2000” written on them to do so. This was not an unclear promise by any stretch of the imagination, yet when Biden unveiled the “American Rescue Plan” on Thursday, the number 1400 was written where the number 2000 should have been.

The argument being pushed out at the moment is that when Democrats were blatantly promising stimulus checks of $2000 what they really meant was that Americans would receive $1400 on top of the $600 checks they’d received earlier, and everyone should have just known this somehow (perhaps via some sort of psychic precognition or sorcery). Which of course makes as much sense as someone hiring you to do a job for a given amount of money and then paying you the amount promised minus the amount you’d made at your last job.

It’s just so emblematic of US austerity policies, which are so normalized they don’t even use that word. Keep people stretched so thin that even a paltry $2000 after months and months of nothing can be spun as an excessively exorbitant indulgence which must be scaled back to keep it reasonable. In reality a grand total of $2600 in the richest nation on earth after all this time would still be a huge slap in the face, but generations of media spin have gone into keeping Americans from attaining that level of rightful entitlement.

So as of this writing the internet is full of angry Americans actually typing the words “$1400 is not $2000”, which is totally bananas. People should not have to say that the number 1400 is not the same as the number 2000. It feels like if my Twitter feed was full of people saying “Cars are not birds”, or “Pogs are not iPhones”, or “Mimes are not salad”. People should not have to make such self-evident clarifications.

But they apparently do need to make such clarifications, because scumbags like Adam Schiff are looking them right in the eye, sharing information that says “$1,400 checks” on it, and telling them that it says “$2000 relief checks”.

2 + 2 = 5.

So again, it’s pretty clear that America isn’t going to attempt to reverse the conditions which created Trump and all the extremist factions that everyone’s been freaking out about since the Capitol riot. Obama led to Trump, and the strategy going forward is to just keep tightening the neoliberal screws like both Obama and Trump did throughout their entire administrations. And, of course, to advance new “domestic terrorism” laws.

As we discussed previously, Biden has often boasted of being the original author of the Patriot Act years before it was rapidly rolled out amid the fear and blind obsequiousness of the aftermath of 9/11. Now in the aftermath of the Capitol riot we are seeing a push to roll out new authoritarian laws around terrorism, this time taking aim at “domestic terror”, which were also in preparation prior to the event used to manufacture support for them.

In a new article for Washington Monthly titled “It’s Time for a Domestic Terrorism Law“, Bill Scher argues against left-wing critics of the coming laws like Glenn Greenwald and Jacobin‘s Luke Savage saying such “knee-jerk reactions” against potential authoritarian abuses fail to address the growing problem. He opens with the acknowledgement that “Joe Biden’s transition team was already working on a domestic terrorism law before the insurrection,” and then he just keeps on writing as though that’s not weird or suspicious in any way.

Scher lists among the growing threat of domestic terror not just white supremacists and right-wing extremists but “extremist left-wing domestic terrorism” as well. He approvingly cites Adam Schiff’s Confronting The Threat of Terrorism Act, which “creates a definition of domestic terrorism broadly encompassing plots that carry a ‘substantial risk of serious bodily injury’ along with an ‘intent to intimidate or coerce a civilian population’ or ‘influence the policy of a government by intimidation or coercion.’” The ACLU has unequivocally denounced Schiff’s bill, saying it “would unnecessarily expand law enforcement authorities to target and discriminate against the very communities Congress is seeking to protect.”

Known CIA asset Ken Dilanian has also been trotted out to make the case that Americans have too many rights for their own good, co-authoring an NBC article titled “Worried about free speech, FBI never issued intelligence bulletin about possible Capitol violence“.

“FBI intelligence analysts gathered information about possible violence involving the U.S. Capitol on Jan. 6., but the FBI never distributed a formal intelligence bulletin, in part because of concerns that doing so might have run afoul of free speech protections, a current and two former senior FBI officials familiar with the matter told NBC News,” the article warns, making sure to inform readers that “experts say the lack of a domestic terrorism statute constrains the FBI from treating far-right and far-left groups the same as Americans who are radicalized to violence by Al Qaeda or ISIS ideology.”

We can expect to see more such articles going forward.

The only way to sincerely believe more Patriot Act-like laws will benefit Americans is to believe that the US will only have wise and beneficent leaders going forward, and the only way to sincerely believe the US will only have wise and beneficent leaders going forward is to be completely shit-eating stupid. The trajectory has already been chosen, and that trajectory is the one that has already given rise to Trump. Continuing along that same trajectory can only give rise to something far uglier, and that something far uglier will have whatever new authoritarian powers are added by Joe Biden.

They’re not actually worried about “domestic terror”, they’re worried about any movement which threatens to topple the status quo. They want to make sure they can adequately spy, infiltrate, agitate and incarcerate into impotence any movement which provides a threat to America’s rulers and the system which funnels them wealth and power at the expense of everyone else. The movements which most threaten this are not rightists, who are generally more or less aligned with the interests of the oligarchic empire, but the left.

This is who they’ll end up targeting going forward, and whatever Biden and Company wind up rolling out to fight “domestic terrorism” will help them do so.

The Top 10%’s Bubble Is About to Burst

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By Charles Hugh Smith

Source: Of Two Minds

When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real.

A great many people are living in bubbles that are about to pop. The largest bubble is the one inhabited by people who complacently believe in time travel, i.e. that the world of 2019 is about to replace the nightmare of 2020 and we can all go back to our carefree debt-funded consumption frenzy and illusions of ever-greater wealth forever and ever.

The greater one’s sense of security, the more durable the bubble. Those in America’s top 10% who have reaped virtually all the gains in income and wealth of the past 20 years live in a bubble that they view as unbreakable: no matter what problems arise, their personal income and wealth is secured by the government, central bank, etc.

Put another way, the top 10% are confident their position atop the wealth-power pyramid is secure no matter what happens. Any dip in stocks, bonds, real estate, bat guano futures, etc. that causes their personal wealth to decline (horrors!) will be instantly bought because the Federal Reserve will print another couple trillion dollars and funnel it into risk assets, as it has done for the past 20 years.

Any spot of bother in the gravy trains that fund the top 10%–local and state government, universities, Big Tech, Big Pharma, Department of Defense, Wall Street, hedge funds, venture capital, etc.– will be doused with trillions of dollars borrowed or printed into existence by the Treasury or Fed. No matter what spot of bother arises, the solution–more trillions–is just a few keystrokes away.

The top 10% are supremely confident in the godlike powers of these agencies and solutions: the idea that these “solutions” become insoluble problems does not compute, just as a decline in asset valuations that doesn’t rebound within three weeks thanks to Fed intervention is firmly outside the realm of possibility.

The top 10% are also supremely confident in the rightness of their position atop the heap. That their position atop the heap is largely the result of a web of privilege and a long run of extraordinarily good fortune does not enter their bubble at all; in their bubble, their wealth, status, prestige and income are all the result of hard work and merit.

While this is certainly true for some, it is not true for all, and even those who scraped their way to the top the hard way do not recognize that their success over the past 20 years (and arguably the past 50 years) has been largely the result of a financialized rising tide raising all boats. In a Bull Market in virtually everything (except commodities), everyone is a hard-working genius who got it all via merit.

On top of this myopic belief that their success is all the result of their own endeavors rather than a tide of financialization, the top 10% are equally blind to the toxic consequences of the wealth/income inequality that has so richly benefited the few at the expense of the many. The idea that the bottom 90% might rebel against the financial / political system that has favored the already-wealthy for a generation is outside the top 10%’s realm of possibility.

But tides do not run in one direction forever, and a revolt against the unprecedented inequality that heavily favors the top 10% is not “impossible,” it’s a certainty. The top 10% are accustomed to being admired and respected for their accomplishments, expertise, wise investing and professional acumen. They are accustomed to viewing themselves as the essential technocrat class that keeps the U.S. system functioning.

The problem with this self-congratulatory perspective is the U.S. system is now in thrall to process rather than results. The technocrat class has been trained to follow needlessly complex procedures and compliance processes as the path to professional advancement while avoiding accountability for the increasingly dismal results of America’s bloated, sclerotic, insider-dominated systems.

All this needless complexity will be jettisoned once printing/borrowing trillions become the problem rather than the solution. The bottom 90% will demand not just a fairer distribution of income and wealth, they will also demand a system that actually functions for the greater social good rather than for insiders, parasites, leeches and technocrat processors who declare victory not from results but from their success in following approved processes / narratives.

Once costs must be cut and results take precedence over process, much of the technocrat class will find itself replaced by automated software. Those that remain will be valued for getting results by whatever means are available, up to and including ignoring all compliance procedures and bureaucratic box-ticking.

The top 10%–the rentier-technocrat class–will find the bottom 90% can no longer pay their rent, insurance, etc.–all the “services” that employ and enrich the top 10%. In other words, the losses as unproductive complexity unravels will finally fall on the top 10%, many of whom have been protected from exposure to market forces and risk.

Lastly, the top 10%’s ownership of assets will be crushed by asset deflation as insolvency can no longer be papered over by liquidity. Assets that are the foundation of top 10% wealth (that the bottom 90% own very little of) will go bidless as phantom wealth dissipates into the thin air from whence it came.

The top 10% reckon they’re untouchable, safe and protected in their asset lifeboats, and the sinking of the 90% won’t affect them. The top 10%’s bubble is about to burst. Not only will their lifeboats prove unstable, every level of government will come after whatever is left as taxes will soar on virtually every form of income and wealth.

Unlike the bottom 60%, who have few illusions about the rampant unfairness and predation of real-world America, the top 10%’s bubble is 90% illusion seasoned with 10% absolute delusion. The comfortable are about to experience some of the discomfort that is everyday life for the bottom 60%, and an increasing percentage of the next 30% who still aspire to fantasies of middle-class security will find social mobility is an escalator down.

We cannot print wealth, or borrow it into existence. All we can print/borrow is artifice, phantom representations of illusory “wealth” that will vanish into thin air, in a reverse of how the “money” was created–out of thin air.

When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. What’s real is the tide of financialization and globalization reversed over a year ago. The tide is now running out, but few loading their “wealth” into lifeboats have noticed–yet.

When will the central bankers pay for all the wealth inequality and misery they’ve caused?

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By Mitchell Feierstein

Source: RT.com

Janet Yellen’s been nominated by Joe Biden as Treasury Secretary, despite a poor record as Federal Reserve chair. This is typical of the unwarranted confidence placed in the central bankers who’ve caused so much financial pain.

The US Federal Reserve was established on December 23, 1913, and, despite its name, it is not a bank or part of the federal government. The Federal Reserve (or ‘Fed’) is owned and acts on behalf of its members, such as JPMorgan, Goldman Sachs and Berkshire Financial Services. Do you think the Fed cares about the wealth inequality its reckless policies have caused – policies that have benefited the .01 percenters that own it? Since 1913, the US dollar’s value has declined by 97 percent. Can the Fed really be considered to be doing a good job?

Consider, for example, these remarkable comments from central bankers. In March 2007, Fed Chairman Ben Bernanke said the subprime mortgage crisis was “likely to be contained,” and in May of that year, he added, “The vast majority of mortgages, including even subprime mortgages, continue to perform well. We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.” 

In October 2007, he said, “It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions.”

In November 2010, during a Federal Reserve conference on Georgia’s Jekyll Island, former Fed chairman Alan Greenspan said a lesson he learnt from the 2008 crisis is how the taxpayers implicitly subsidized the “financial intermediary system in the US.” He went on to point out that “there was rampant fraud in a lot of what was going on in these markets. We need far higher levels of enforcement of fraud on statutes – not new ones, existing ones. Things were being done that were certainly illegal and clearly criminal.” The look on then Chairman Bernanke’s face when Greenspan dropped this truth bomb was priceless.

In 2015, the Financial Times reported how the Bank of Japan’s Haruhiko Kuroda “reimagined” its monetary policy on the belief in Peter Pan’s ability to fly. No wonder Japan’s economy has had no growth for nearly 40 years. And the frightening part is the West began embracing this failed economic model years ago.

Then there was Fed chief Janet Yellen, who, in 2017, said she didn’t believe we would see another financial crisis in our lifetime. How many times were Yellen’s economic forecasts during and after the global financial crisis proven wrong? Too many to count.

She often repeated how the Fed’s temporary emergency measures would be removed and we would have ‘lift-off’ of interest rates. But, of course, none of this ever happened, and we are still waiting, over 12 years later. Yellen kept bailing out billionaires with near-zero interest rates while killing savers and increasing the wealth inequality gap. The oligarchs of Silicon Valley love Yellen. And Wall Street adores her, as well as the Fed’s magic printing presses, with their unlimited capability.

Yellen’s counterpart at the time, Mark Carney, who was the head of the Financial Stability Board and the Bank of England, as well as the ex-governor of the Bank of Canada, was singing from the same hymn sheet. Carney, mirroring the policies of Bernanke and Yellen, inflated grotesque property bubbles in Canada and the UK by pushing interest rates to 900-year lows, eviscerating savers and elderly retirees while landing taxpayers with the bailout bill for the billionaires and bankers who’d blown up the system.

Carney is another who got it wrong about normalized interest rates in both the economies his policies destroyed. He promised “escape velocity” in the UK, but, like Yellen’s ‘lift-off,’ both crashed on the launch pad. Their policies still protected and enhanced the oligarchy, though.

Central bankers such as Yellen and Carney were paid handsomely for this. One must surmise that their ilk always intended to enrich the powerful oligarchs in the cantons of Wall Street, London, and Silicon Valley to the detriment of everyone else. This is the model: propaganda, lies, and censorship are used to ensure globalism that fosters tyrannical rule, which, in turn, is beneficial to maintaining the status quo demanded by the oligarchy. Be an obedient apparatchik and earn a golden parachute when you exit.

The policies of these two central bankers have created the most significant wealth inequality ever seen and have allowed for the financial plunder that benefited the .01 percent and turbo-charged the oligarchy. But now, Yellen and Carney have transformed themselves into social justice warriors, championing equality, racial equity and climate change. In fact, Joe Biden has deified Yellen, saying, “We might have to ask Lin-Manuel Miranda, who wrote the musical about the first Treasury Secretary, Hamilton, to write another musical for the first woman Treasury Secretary, Yellen.” 

It beggars belief how, after years of lies and economic destruction, lipstick is put on pigs to re-brand the oligarchs’ go-to patsies, Yellen and Carney. And now, Yellen may get a chance to do some serious damage should she become Treasury Secretary. When considering central bankers like these, we should remember the old maxim: beware of false prophets.

“The Great Reset” Already Happened

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By Charles Hugh Smith

Source: Of Two Minds

Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize.

The global elites’ techno-fantasy of a completely centralized future, The Great Reset, is addressed as a future project. Too bad it already happened in 2008-09. The lackeys and toadies tasked with spewing the PR are 12 years too late, and so are the critics listening to the PR with foreboding.

Simply put, events outran our understanding of them. The future already manifested while we were trying to cram the present arrangement into an obsolete conceptual framework.

In broad-brush, the post-World War II era ended around 1970. The legitimate prosperity of 1946-1970 was based on cheap oil controlled by the U.S. and the hegemony of the U.S. dollar. Everything else was merely decoration.

The Original Sin to hard-money advocates was America’s abandonment of the gold standard in 1971, but this was the only way to maintain hegemony. Maintaining the reserve currency is tricky, as the nation issuing the reserve currency has to supply the global economy with enough of the currency to grease commerce and stock central bank reserves around the world.

As the global economy expanded, the only way the U.S. could send enough dollars overseas was to run trade deficits, which in a gold standard meant the gold reserves would go to zero as trading partners holding dollars would exchange the currency for gold.

So the choice was: give up the reserve currency and the hegemony of the U.S. dollar by jacking up the dollar’s value so high that imports would collapse, or accept that hegemony was no longer compatible with the gold standard. It wasn’t a difficult decision: who would give up global hegemony, and for what?

Many other dynamics changed around the same time: social, cultural, political. These charts reflect the end of the postwar era and the ushering in of a new era.

Again in broad-brush, the key economic dynamic was the decline of labor’s share of the economy in favor of capital. Those who had only their labor to sell lost purchasing power, while those who could borrow or access capital benefited enormously. The charts below tell the story: labor’s share of the national income has stairstepped lower for 50 years (since 1970) while the super-wealthy’s share has outpaced everyone else 15-fold.

The dominance of financial capital is visible in the third chart, as private-sector financial assets are now 6 times the nation’s GDP, double the percentage of the postwar era.

This capital-friendly era was rocket-boosted by financialization in the 1980s, technology in the 1990s and globalization in the early 21st century. You can see each advance of capital’s top tier–the top 0.1%–in the chart below: the top 0.1% first pulled away in the 1980s financialization, stutter-stepped in the early 1990s and then exploded higher as technology fueled capital’s leverage and exposure to the gains reaped by computers and the Internet.

Alas, these extremes are not stable or sustainable, and so each wave ends in a devastating crash. The income of the top 0.1% took a hit as the dotcom bubble burst, but then China’s entry into the WTO saved the day as rampant globalization and additional extremes of financial leverage and fraud boosted their fortunes in the 2000s.

The dual extremes of financialization and globalization created the 2008 bubble, and its collapse almost took down the entire global capital house of cards. Central banks, ultimately financed by the Fed to the tune of $29 trillion, twice the size of America’s entire GDP, instituted The Great Reset under the usual guise of “emergency measures” which then became permanent policies.

The Great Reset led to the hyper-centralization of control over the global economy’s money as central banks coordinated unprecedented money-printing and financial repression, which includes zero-interest rate policies (ZIRP), as the debt-bubble would pop if rates aren’t nailed down to zero.

All the PR being spewed about The Great Reset is the final frantic flailing of a system that’s drowning in its own excesses. The 50-year long era of the few enriching themselves as the expense of the many has ended, for the same reason eras of extreme exploitation always end–the elites got too greedy and overshot the economy’s ability to sustain their rapidly expanding share of the income and wealth.

Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize. The hyper-centralized global money control has run out of rope as the cheap oil is gone, debts have ballooned to the point there is no way they’ll ever be paid down, and the only thing staving off collapse is money-printing, which holds the seeds of its own demise.

Allow me to summarize the only way The Great Reset envisioned by global elites can actually manifest: The Martians arrive towing huge meteorites of pure lithium and gold, and rather than incinerating the global elites, they hand the global elites the meteorites to further their concentration of wealth and power.

Short of that science fiction, this sucker’s going down. The Great Reset has already run its course after 12 long years of artifice, fraud and trickery. So global elite shills, lackeys, factotums, toadies and apparatchiks–prepare for your Wil-E-Coyote moment of truth.