Category Archives: Oligarchy

Don’t Let Them Memory-Hole This 

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By Jeffrey A. Tucker

Source: Brownstone Institute

On a video podcast the other day, I made reference to the lockdown orders of March 2020. The host turned off the recording. He said it was fine to talk about this subject but from now on please refer to “the events of March 2020” with no specifics. 

Otherwise, it will be taken down by YouTube and Facebook. He needs those platforms for reach, and reach is necessary for his business model. 

I complied, but I was spooked. Are we really now in the position that talking about what happened to us is verboten on mainstream venues? Sadly, that seems to be where we headed. In big and small ways, and throughout the culture and the whole world, we are bit by bit being trained to forget and hence not learn and thus repeat the whole thing. 

This makes no sense since nearly every public issue in play today traces to those fateful days and the fallout thereof, including censorship, the entrenchment of industry-government oligarchs, the corruption of media and tech, the educational upheaval, the abuse of courts and law, and the developing financial and banking crisis. 

And yet hardly anyone wants to speak about the topic frankly. It is too upsetting. There is too much at stake. We cannot risk being canceled, the single greatest fear of every aspirational professional in today’s world. Plus too many powerful people were in on it and don’t want to admit it. It would appear that the whole subject is being memoryholed in ways of which they all approve. 

For nearly two years, or longer, respectable intellectuals knew not to dissent from the prevailing norms and challenge the whole machinery. This was true of Washington think tanks, which went on their merry way from March 2020 either celebrating the “public health response” or just remaining quiet. The same was true of the leadership of major political parties and third parties. 

Most religious leaders stayed quiet too, even as their doors were padlocked for as long as 2 holiday seasons. Civic organizations played along. If you thought that the job of the ACLU was to defend civil liberties, you were wrong: they one day decided that lockdowns, mandatory masks, and forced shots were essential to their mission. 

So many were compromised over 3 years. These same people now just want the whole subject to go away. We find ourselves in an odd position, having experienced the biggest trauma in our lives and in many generations and yet there is precious little open talk about it. Brownstone was established to fill this void but we’ve become a target as a result. 

The search engines have been gamed for the better part of 3 years to keep the science channeled in only one direction. If web platforms step out of line, it is easy enough for search engines and social-media companies to tag them as problematic and thus throttle their reach. But for Substackers – and they are being targeted now too – it would be hard to find out anything other than what the oligarchs want you to believe. 

This silent treatment is filtering down to every aspect of our lives and becoming entrenched in the political culture too. Here is an example from this week. 

When Donald Trump returned from his theatrical and ridiculous indictment on nothing in New York, he flew immediately back to Mar-a-Lago where he told his story to people gathered in a pastiche-baroque ballroom. He told of the fake news, the attempted impeachments for Russia and Ukraine, the plots and schemes, and onward to the fake ballots and the FBI raid on his home, and now this preposterous new thing. 

It was a solid narrative overall. But his story left out a hugely important detail. He said not one word about Covid lockdowns and Operation Warp Speed that was supposed to be the great fix for the virus but flopped. This was a rather important detail to leave out since it wrecked the economy, the Bill of Rights, education, and led to a massive demographic upheaval in addition to the continuing fallout in terms of culture, economics, and everything else. 

It also caused him to lose the presidency, whether because the shock resulted in mass demoralization (this was certainly not a path to making America great again) or because of the mail-in ballots made possible by Covid restrictions, or probably both. However you look at it, it was the most disastrous decision of his presidency or possibly any presidency in history. 

How in the world are we just supposed to pretend that this did not happen? And yet he is playing along simply because he does not want to admit error. He thinks it makes him appear weak. Nor does he still slam the successor presidency for mask and shot mandates even though hundreds of millions were affected by them. He would rather not bring up the topic at all, lest doing so raises questions about his own judgment in those fateful days of March 2020. 

Meanwhile, the DNC does not want to admit that it celebrated and built on Trump’s biggest disaster while the RNC does not want to discuss that the policies they decry from the DNC actually began under the RNC. And so you have a kind of “mutually assured destruction” pact between them that needs no plot or contract. In silencing all talk about this, each party is only doing what is in its interest. 

We can fully expect that these issues will be locked out of the campaign narratives in 2024 just as they were in 2020 and 2022. Everyone seems to agree: the less said the better. And this is precisely why the announced candidacy of Robert Kennedy, Jr., has triggered the usual and expected gaslighting from the mainstream media. The plan is to flog him into marginalization. And if that doesn’t work, they will flog and flog again. 

We are seeing a real-time example of how history is really written. The narrative is more self-serving than we knew. If all the power centers in society get something tremendously wrong, an informal conspiracy of silence develops around it, with the hope of just wiping it from the history books. 

As Michael Senger has written, “Lockdowns met little resistance in part because they reinforced existing power structures. The rich got richer, the Zoom class got a vacation, workers got stimulus, while some business owners, their employees, and the most vulnerable had to sacrifice everything for this fantasy.” 

And we can add to that: government gained vastly more power. In fact, Covid became the template for the biggest expansion of government power over the population in world history, more effective than ancient myths about god-like rulers, heresy trials and witch burnings of the Middle Ages, sedition purges of the 18th and 19th centuries, red scares of the 20th centuries, the Cold War, or even the wars on terror. Fear of infectious disease was more effective than all of them for ratcheting up despotism. 

When something works this well for the most powerful people in society, why not just keep quiet about it?

The tellers of tales can write stories but they cannot invent their own realities. There will be no restoration of liberty, rights, and truth until we come to terms with what happened, why, and how to prevent it in the future. Playing along with this conspiracy of silence surrounding a policy that effectively blotted out every advance in human rights since the Magna Carta is a disastrous error that could lead to the entrenchment of a new dark age. 

Here’s How We’ll Have Labor Shortages and High Unemployment at the Same Time

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By Charles Hugh Smith

Source: Of Two Minds

This is how we’ll end up with severe shortages of truly skilled labor and high unemployment of those who lack the necessary skills.

The labor force and the job market are referred to as if they were monolithic structures. But they’re not monolithic, they are complex aggregates of very different cohorts of age, skills, mobility, education, experience, opportunity, potential and motivation.

As a result, numbers such as the unemployment rate tell us very little about the labor force and the job market in terms of what matters going forward. So what does matter going forward?

1. Demographics–the aging and retirement of key sectors of the work force.

2. Skills and experience that will be increasingly scarce due to mismatched demand for skills that are diminishing as older workers retire.

3. What skills and experience will be demanded by re-industrialization, reshoring and expanding the electrification of the economy.

Consider these two charts of the US work force by age. (Courtesy of CH @econimica) In the first chart, Total US Employees, note that the prime working age work force (ages 25-54) has been flatlined for the past 20 years at 101-102 million. In contrast, the 55-and-older cohort of employees soared from 17 million to 37 million. This increase of 20 million accounts for virtually all growth in the employed work force.

A funny thing happens as workers get old; they retire and leave the work force. Their skills and experience are no longer available to employers or the nation’s economy. The second chart shows the aging of the American populace, as the 55+ cohort increased from 57 million to 99 million since 2000, as the number of older employees skyrocketed from 17 million to 37 million.

While the total US population increased by 18% from 281 million in 2000 to 331 million today, the 55+ cohort increased 74% (from 57 million to 99 million).

The key takeaway here is the number of experienced workers who will retire in the next decade will track the explosive growth in the 55+ cohort. The general consensus is this will not be a problem because there are plenty of younger workers available to fill the vacated slots.

But this overlooks the qualitative and quantitative differences in the millions leaving the work force and those joining the work force. This is especially consequential in real-world jobs, i.e. all those jobs that require engaging real-world materials rather than staring at screens.

Though few analysts and commentators will admit to it, the implicit assumption is that the jobs that matter all involve staring at screens–processing data, finance, entertainment and shaping narrative make the world go round. All the real-world stuff (boring!) will magically get done by tax donkeys who are out of sight, out of mind.

This mindset has it backwards: it’s the real-world work of changing the industrial / energy / energy distribution foundation of the economy that matters going forward, not the staring-at-screens jobs.

What few seem to realize is the work force that’s aging and retiring is the cohort with the real-world skills. It’s a nice idea to remake the entire electrical grid of the nation to transport much larger quantities of electrical power, but who’s going to do all that work? Young people whose career goals are becoming YouTube influencers or day-traders? No. All the ChatAI bots in the world aren’t going to get the real work done, either.

In other words, there is a massive mismatch between the skills available to hire in the young-worker cohort and the skills and experience needed to rebuild the material, real-world foundations of the US economy. It’s well-known but apparently not worth worrying about that the average age of the US farmer is pushing 60 years of age. Nobody left to grow all our food? Hey, isn’t there a ChatAI bot to do all that for us? It can all be automated, right? No? Well, why not? Somebody out there, get it done! Food in super-abundance should be delivered to everyone staring at screens 24/7, it’s our birthright.

The average age of skilled tradespeople is also skewed to the aging work force. There is no easy way to quantify real-world skills gained by on-the-job experience. I suspect it follows a power-law distribution: the newly minted worker just out of school / apprenticeship can handle basic functions, but when tough problems arise, the number of workers with the requisite experience to diagnose and fix the problem diminishes rapidly.

This distribution presents an enormous problem for the economy and employers. Once the super-experienced workers who can solve any problem leave, they cannot be replaced by inexperienced workers. So when the really big problems arise, the systems will break down because those who knew how to deal with the problems are no longer available.

This is how you can have 10 million unemployed workers and 1 million unfilled positions that can’t be filled because few are truly qualified. You want to erect new electrical transmission lines? Nice, but you’re not going to get the job done with green workers accustomed to staring at screens. It takes years of hard labor to acquire even a bare minimum of the skills required. These are not assembly-line jobs that can be filled by unskilled labor, these are jobs in the messy real world, not a distribution center.

As I note in my book on Self-Reliance, individuals with a full spectrum of real-world skills are now extremely rare. Skills that were once common are now performed by specialists. We seem to have all the time in the world to stare at hundreds of cooking programs on TV but how many people actually prepare three meals a day, week in, week out, month in, month out, year in, year out? How many people know how to repair anything, build anything, or maintain a machine?

My direct experience is that many young people don’t know how to put air in the tires of the vehicle Mom and Dad gave them. Young people with graduate-level diplomas don’t know what a green bean plant looks like. (Eeew, gross, it grows in dirt?) The cultural value system that only values wealth, regardless of its source, and minting money from staring at screens has generated a fundamental mismatch between the skills that will be needed going forward and the skills being presented as oh-so-valuable.

Yes, there are many young workers with sharp real-world skills. The question is, are there enough?

This is how we’ll end up with severe shortages of truly skilled labor and high unemployment in the cohort of workers with few real-world skills and a surplus of skills for which there is limited demand. As a real-world experiment, go find a tough old rancher and ask them a series of questions about livestock, machinery, fencing, generators, etc., and then ask the average newly minted college graduate that followed the warped values embedded in our economy the same questions.

Of course the young worker can’t match the experience of the old worker, but do they have any experience at all of a spectrum of essential real-world skills? If not, do they have the requisite physical endurance and commitment needed to acquire real-world skills?

Who’s going to do all the real-world work going forward? A few people talk about it as an abstraction, but it’s not an issue to everyone focused on Federal Reserve policy or GDP. But eventually, the real world will matter more than staring at screens and day-trading, because when the systems break down due to lack of truly qualified employees, we’ll all wake up. But by then it will be too late. We’ll be staring at dead screens begging for somebody somewhere to restore power so we can continue playing with ChatAI to trade zero-day options.

The war, the separation of the world, or the end of an Empire?

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All empires are mortal. So is the “American Empire ».
Painting by Alexandre Granger

By Thierry Meyssan

Source: VoltaireNet.org

Many are those who predict a World War. Indeed, some groups are preparing for it. But the States are reasonable and, in fact, consider rather an amicable separation, a division of the world into two different worlds, one unipolar and the other multipolar. Perhaps we are actually witnessing a third scenario: the “American Empire” is not struggling in the trap of Thucydides; it is collapsing like its former Soviet rival died.

The American “Straussians,” the Ukrainian “integral nationalists,” the Israeli “revisionist Zionists” and the Japanese “militarists” are calling for a generalized war. They are alone and they are not mass movements. No state has yet committed itself to this course.

Germany with 100 billion euros and Poland with much less money are rearming massively. But neither of them seems eager to take on Russia.

Australia and Japan are also investing in armaments, but neither of them has an autonomous army.

The United States is no longer able to replenish its military and is no longer able to create new weapons. They are content to reproduce the weapons of the 1980s in an assembly line fashion. However, they maintain their nuclear weapons.

Russia has already modernized its armies and is organizing itself to renew the ammunition it uses in Ukraine and to mass produce its new weapons, which no one can compete with. China, for its part, is rearming to control the Far East and, in the long term, to protect its trade routes. India thinks of itself as a maritime power.

It is therefore difficult to see who would and could start a World War.

Contrary to their speeches, French leaders are not at all preparing for a high-intensity war [1]. The military programming law, established for ten years, plans to build a nuclear aircraft carrier, but reduces the size of the army. It is a question of giving ourselves the means of projection, but not of defending our territory. Paris continues to reason as a colonial power while the world is becoming multipolar. It is a classic: the generals prepare for the previous war and ignore the reality of tomorrow.

The European Union is implementing its “Strategic Compass”. The Commission coordinates the military investments of its member states. In practice, they all play the game, but pursue different goals. The Commission, on the other hand, is trying to take control of decisions on the financing of armies, which until now have depended on their national parliaments. This would make it possible to build an empire, but not to declare a generalized war.
Clearly everyone is playing a game, but apart from Russia and China, none is preparing for a high-intensity war. Rather, we are witnessing a redistribution of the cards. This month, Washington is sending Liz Rosenberg and Brian Nelson, two specialists in unilateral coercive measures [2], to Europe with the mission of forcing the Allies to comply. In the words of former President George Bush Jr. during the war “against terrorism”: “Whoever is not with us is against us”.

Liz Rosenberg is efficient and unscrupulous. She is the one who brought the Syrian economy to its knees, condemning millions of people to poverty because they dared to resist and defeat the Empire’s surrogates.

The Hollywood western discourse a la George Bush Jr. of good guys and bad guys has failed with Türkiye, which has already experienced the 2016 coup attempt and the 2023 earthquake. Ankara knows that it has nothing good to expect from Washington and is already looking to the Shanghai Cooperation Organization. Yet the same discourse should succeed with the Europeans, who remain fascinated by the power of the United States. Of course this power is in decline, but so are the Europeans. No one has learned any lessons from the sabotage of the Russian-German-French-Dutch gas pipelines, North Stream. Not only did the victims take the blame without saying anything, but they are about to receive further punishment for crimes they did not commit.

The world should therefore be divided into two blocs, on the one hand the US hyperpower and its vassals, on the other the multipolar world. In terms of the number of states, this should be half and half, but in terms of population, only 13% for the Western bloc against 87% for the multipolar world.

The international institutions can no longer function. They should either fall into lethargy or be dissolved. The first examples that come to mind are the effective exit of Russia from the Council of Europe and the empty seats of Western Europeans in the Arctic Council during the year of the Russian presidency. Other institutions are no longer relevant, such as the Organization for Security and Cooperation in Europe (OSCE), which was supposed to organize East-West dialogue. Only the attachment of Russia and China to the United Nations should preserve them in the short term, as the United States is already thinking of transforming the Organization into a structure reserved exclusively for the Allied Nations.

The Western bloc should also reorganize itself. Until now, the European continent was dominated economically by Germany. In order to be certain that Germany would never get closer to Russia, the United States wanted Berlin to be content with the western part of the continent and leave the center in the hands of Warsaw. So Germany and Poland armed themselves to impose themselves in their respective zones of influence, but when the American star faded, they would fight against each other.

When the Soviet Empire fell, it abandoned its allies and vassals. Having seen its inability to solve the problems, the USSR first stopped supporting Cuba economically, then dropped its vassals of the Warsaw Pact, and finally collapsed on itself. The same process is beginning today.
The first U.S. Gulf War, the 9/11 attacks and their host of wars in the broader Middle East, the expansion of Nato and the Ukrainian conflict will have offered only three decades of survival to the American Empire. It was backed by its former Soviet rival. It has lost its raison d’être with its dissolution. It is time for it to disappear too.

Translation
Roger Lagassé

[1] «En 2030, l’armée française ne sera pas prête à une guerre de haute intensité», Jean-Dominique Merchet, L’Opinion, 7 avril 2023.

[2] «US sanction officials plan missions to clamp down on Russia», Fatima Hussein, Associated Press, April 7, 2023.

New York Times Is Now Telling Bigger Lies Than Iraq WMDs and More Effectively

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By David Swanson

Source: War Is a Crime

The New York Times routinely tells bigger lies than the clumsy nonsense it published about weapons in Iraq. Here’s an example. This package of lies is called “Liberals Have a Blind Spot on Defense” but mentions nothing related to defense. It simply pretends that militarism is defensive by applying that word and by lying that “we face simultaneous and growing military threats from Russia and China.” Seriously? Where?

The U.S. military budget is more than those of most nations of the world combined. Only 29 nations, out of some 200 on Earth, spend even 1 percent what the U.S. does. Of those 29, a full 26 are U.S. weapons customers. Many of those receive free U.S. weapons and/or training and/or have U.S. bases in their countries. Only one non-ally, non-weapons customer (albeit a collaborator in bioweapons research labs) spends over 10% what the U.S. does, namely China, which was at 37% of U.S. spending in 2021 and likely about the same now despite the highly horrifying increases widely reported in the U.S. media and on the floor of Congress. (That’s not considering weapons for Ukraine and various other U.S. expenses.) While the U.S. has planted military bases around Russia and China, neither has a military base anywhere near the United States, and neither has threatened the United States.

Now, if you don’t want to fill the globe with U.S. weaponry and provoke Russia and China on their borders, the New York Times has some additional lies for you: “Defense spending is about as pure an application of a domestic industrial policy — with thousands of good-paying, high-skilled manufacturing jobs — as any other high-tech sector.”

No, it is not.  Just about any other way of spending public dollars, or even not taxing them in the first place, produces more and better jobs.

Here’s a doozie:

“Liberals also used to be hostile to the military on the assumption that it skewed right wing, but that’s a harder argument to make when the right is complaining about a ‘woke military.’”

What in the world would it mean to oppose organized mass murder because it skews right wing? What the hell else could it skew? I oppose militarism because it kills, destroys, damages the Earth, drives homelessness and illness and poverty, prevents global cooperation, tears down the rule of law, prevents self-governance, produces the dumbest pages of the New York Times, fuels bigotry, and militarizes police, and because there are better ways to resolve disputes and to resist the militarism of others. I’m not going to start cheering for mass killings because some general doesn’t hate enough groups.

Then there’s this lie: “The Biden administration touts the size of its $842 billion budget request, and in nominal terms it’s the largest ever. But that fails to account for inflation.”

If you look at U.S. military spending according to SIPRI in constant 2021 dollars from 1949 to now (all the years they provide, with their calculation adjusting for inflation), Obama’s 2011 record will probably fall this year. If you look at actual numbers, not adjusting for inflation, Biden has set a new record each year. If you add in the free weapons for Ukraine, then, even adjusting for inflation, the record fell this past year and will probably be broken again in the coming year.

You’ll hear all sorts of different numbers, depending on what’s included. Most used is probably $886 billion for what Biden has proposed, which includes the military, the nuclear weapons, and some of “Homeland Security.” In the absence of massive public pressure on a topic the public hardly knows exists, we can count on an increase by Congress, plus major new piles of free weapons to Ukraine. For the first time, U.S. military spending (not counting various secret spending, veterans spending, etc.) will likely top $950 billion as predicted here.

War profiteer-funded stink tankers like to view military spending as a philanthropic project to be measured as a percentage of an “economy” or GDP, as if the more money a country has, the more it should spend on organized killing. There are two more sensible ways to look at it. Both can be seen at Mapping Militarism.

One is as simple amounts per nation. In these terms, the U.S. is at a historic high and soaring far, far over the rest of the world.

The other way to look at it is per capita. As with a comparison of absolute spending, one has to travel far down the list to find any of the designated enemies of the U.S. government. But here Russia jumps to the top of that list, spending a full 20% of what the U.S. does per person, while only spending less than 9% in total dollars. In contrast, China slides down the list, spending less than 9% per person what the United States does, while spending 37% in absolute dollars. Iran, meanwhile, spends 5% per capita what the U.S. does, compared to just over 1% in total spending.

Our New York Times friend writes that the U.S. needs to spend more to dominate four oceans, while China need worry only about one.  But here the U.S. desire to treat economic competition as a form of war blinds the commentator to the fact that a lack of war facilitates economic success. As Jimmy Carter told Donald Trump, “Since 1979, do you know how many times China has been at war with anybody? None. And we have stayed at war. . . . China has not wasted a single penny on war, and that’s why they’re ahead of us. In almost every way.”

But you could drop the idiotic economic competition and still understand the benefits of investing in something other than death since tiny fractions of military spending could transform the United States and the rest of the world. Surely there would remain plenty of other things to lie about.

The Loss Of Free Speech Was Predictable And Preventable

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By Patrick Wood

Source: Technocracy News & Trends

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

High Stakes as Uncle Sam’s Days of Impunity Are Finally Over

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By Finian Cunningham

Source: Strategic Culture Foundation

The edifice of American imperial power has never been challenged at its foundation. It is now.

Russia and China are determined to hold the American perpetrators of the Nord Stream sabotage to account. Uncle Sam’s days – indeed decades – of wanton criminality are over. There’s going to be hell to pay as the imperialist tyranny in Washington hits a wall of reality.

Several weeks have gone by with the United States and its Western lackeys stonewalling at the United Nations Security Council, squirming and resisting calls from Moscow and Beijing for an international criminal investigation into the sabotage of the Baltic Sea pipelines that were blown up in September.

A swathe of independent observers, such as American economics professor Jeffrey Sachs and former CIA analyst Ray McGovern, have concurred with the investigative report published on February 8 by renowned journalist Seymour Hersh which claims that U.S. President Joe Biden and his senior White House staff ordered the Pentagon to take out the natural gas pipeline that runs along the Baltic Sea bed from Russia to Germany.

Russia and China are adamant about not letting this vital subject be ignored. They want a proper investigation, international accountability and criminal prosecution. Moscow and Beijing are right to insist on this. Washington and its Western allies’ presumption of impunity has gone on for too many decades. The buck stops here and both Russia and China are strong enough to ensure that the United States cannot threaten, blackmail, or arm-twist its way out of scrutiny.

The Nord Stream project is a major international civilian infrastructure, costing in excess of $20 billion to construct over more than a decade. At 1,200 kilometres in length under the Baltic Sea, it is an impressive feat of engineering, symbolizing the mutual benefits of good neighborliness and cooperative trading.

For the United States to blow this pipeline up in order to knock Russia out of the European energy market so that it could muscle in with its own more expensive gas supplies is a shocking act of state terrorism and criminality. It is also potentially an act of war against Russia and callous sabotage against supposed European allies whose citizens are now suffering economic misery from soaring energy bills. German workers have this week shut down the entire economy from industrial protests over collapsing businesses and unbearable cost of living.

Of course, the Nord Stream sabotage is an urgent matter of basic justice, accountability for an atrocious crime, as well as massive international financial reparations. It’s almost hilarious how the self-proclaimed American protagonist of “rules-based global order” is desperately procrastinating over a glaring incident of dereliction and chaos.

But more than the essential obligation of justice is the legacy of impunity. For the perpetrators of such a wanton terrorist act not to be held accountable sets a perilous precedent. Otherwise, what is stopping the state terrorists from repeating equally brazen acts of sabotage and warmongering? The very concept of international law and the United Nations Charter is demolished, not simply undermined.

The Nord Stream incident potentially opens an era of rampant lawlessness and state banditry – by a nuclear superpower, the United States, using its Western minions for cover. The Western news media, in their reluctance to investigate, are also exposed as nothing more than propaganda channels in the service of imperial masters.

The present is reminiscent of the 1930s during a time of fascist expansionism by Nazi Germany and other imperialist nations, including the United States, Britain, France, Italy, Spain and Japan, and others. Nazi Germany was not the unique culprit during that earlier time of barbarism, notwithstanding the official Western revisionism of history to absolve itself.

After the Second World War amid the ashes of international destruction and up to 85 million deaths, the United Nations and its Charter were founded to ostensibly enshrine the stricture that there would be no repetition of the 1930s-style lawlessness and state terrorism.

That lofty aspiration was always a pathetic illusion. The decades after WWII saw no halt to the imperialist warmongering and subterfuges carried out primarily by the United States and its Western allies, in particular Britain. What a mockery that the U.S. and Britain were afforded permanent member states of the UN Security Council given that these two rogue powers have been largely responsible for countless wars post-1945. The decades-long wars in Vietnam, Iraq and Afghanistan are but the most notorious war crimes of the Anglo-American “special relationship”.

During the Cold War decades, the Soviet Union provided a limited check on the worst depredations by Western imperialists. The People’s Republic of China was not strong enough to act as a deterrent force.

For about two decades after the Cold War officially ended in 1991 following the dissolution of the Soviet Union, the United States rulers perceived a license for “full-spectrum dominance”. Washington embarked on a frenzy of endless wars that up till recently have prevailed.

The first reality check on the unbridled violence of the U.S. imperialists and their NATO henchmen was Russia’s military intervention in Syria in late 2015 to put an end to the Western machinations for yet another regime-change operation. Washington and its accomplices failed in their nefarious goals in Syria, albeit the Americans persist in illegally occupying part of the Arab country and stealing its oil resources.

Ukraine is the full manifestation of the end to impunity for the United States.

Russia under Vladimir Putin has recovered the military strength that was lost with the dissolution of the Soviet Union. In some ways, present-day Russia is even more formidable owing to the development of new forms of weapons, such as hypersonic missiles and S-500 air defenses. Also, Russia’s economy is on a sounder footing than the Soviet Union which relied excessively on militarism. Hence, Moscow has been able to withstand the economic assault that Washington and its allies have tried to mount over the Ukraine conflict.

Just as important, too, China has risen to economic and military superpower status. Together, Russia and China now present an invulnerable countervailing force to the United States and its Western allies.

For nearly eight decades after World War Two, the United States was relatively free to run amok, trashing international law and nations’ sovereignty, racking up death tolls by the millions, and terrorizing the planet with its “benign”, narcissistic tyranny.

The conflict in Ukraine, where Russia has said “enough is enough” to years of U.S.-led NATO aggression, is demonstrating that the days of impunity are finally over for the would-be American hegemon.

Washington has recklessly raised the stakes to an unsustainable height in Ukraine. It has bet the house – and farm – on subjugating Russia for its next insatiable imperial move against China. But Moscow and Beijing are calling Uncle Sam’s bluff. The buck stops here.

The edifice of American imperial power has never been challenged at its foundation. It is now.

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

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By John & Nisha Whitehead

Source: The Rutherford Institute

We’re not living the American dream.

We’re living a financial nightmare.

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

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

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

As the Editorial Board for the Washington Post warns:

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

Let’s talk numbers, shall we?

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

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

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

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

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

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

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

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

This is financial tyranny.

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

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

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

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

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

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

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

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

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

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

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

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

It wasn’t always this way, of course.

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

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

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

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

It’s all gone downhill from there.

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

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

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

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

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

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

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

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

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

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

This is no way of life.

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

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

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

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

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

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

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

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

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

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

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

The Everything Bubble and Global Bankruptcy

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By Charles Hugh Smith

Source: Of Two Minds

The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system.

Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple.

In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new cash seeking a return fuels red-hot demand for conventional assets considered “safe investments” (real estate, blue-chip stocks and bonds), demand which given the limited supply of “safe” assets, pushes valuations of these assets to the moon.

In the euphoric atmosphere generated by easy credit and a soaring asset valuations, some of the easy credit sloshes into marginal investments (farmland that is only briefly productive if it rains enough, for example), high-risk speculative ventures based on sizzle rather than actual steak and outright frauds passed off as legitimate “sure-fire opportunities.”

The price people are willing to pay for all these assets soars as the demand created by easy credit increases. And why does credit continue increasing? The assets rising in value create more collateral which then supports more credit.

This self-reinforcing feedback appears highly virtuous in the expansion phase: the grazing land bought to put under the plow just doubled in value, so the owners can borrow more and use the cash to expand their purchase of more grazing land. The same mechanism is at work in every asset: homes, commercial real estate, stocks and bonds: the more the asset gains in value, the more collateral becomes available to support more credit.

Since there’s plenty of collateral to back up the new loans, both borrowers and lenders see the profitable expansion of credit as “safe.”

This safety is illusory, as it’s resting on an unstable pile of sand: bubble valuations driven by easy credit. We all know that price is set by what somebody will pay for the asset. What attracts less attention is price is also set by how much somebody can borrow to buy the asset.

Once the borrower has maxed out their ability to borrow (their income and assets-owned cannot support more debt) or credit conditions tighten, then those who might have paid even higher prices for assets had they been able to borrow more money can no longer borrow enough to bid the asset higher.

Since price is set on the margin (i.e. by the last sales), the normal churn of selling is enough to push valuations down. At first the euphoria is undented by the decline, but as credit tightens (interest rates rise and lending standards tighten, cutting off marginal buyers and ventures) then buyers become scarce and skittish sellers proliferate.

Questions about fundamental valuations arise, and sky-high valuations are found wanting as tightening credit reduces sales, revenues and profits. Once the “endless growth” story weakens, the claims that bubble prices are “fair value” evaporate.

As defaults rise, lenders are forced to tighten credit further. The first tumbling rocks are ignored but eventually the defaults trigger a landslide, and the credit-inflated bubble in asset valuations collapses.

As valuations plummet, so too does the collateral backing all the new debt. Debt that appeared “safe” is soon exposed as a potential push into insolvency. When the bungalow doubled in value from $500,000 to $1 million, the trajectory of valuation gains looked predictably rosy: every decade housing prices went up 30% or more. So originating a mortgage for $800,000 on a house that looked to be worth $1.3 million in a few years looked rock-solid safe.

But the $1 million was a bubble based solely on easy, abundant, low-cost credit. When credit tightens, the home is slowly but surely repriced at its pre-bubble valuation ($500,000) or perhaps much lower, if that value was merely an artifact of a previous unpopped bubble.

Now the collateral is $300,000 less than the mortgage. The owner who made a down payment of $200,000 will be wiped out by a forced sale at $500,000, and the lender (or owner of the mortgage) will take a $300,000 loss.

Given the banking system is set up to absorb only modest, incremental losses, losses of this magnitude render the lender insolvent. The lender’s capital base is drained to zero by the losses and then pushed into negative net-worth by continued losses.

The collateral collapses when bubbles pop, but the debt loaned against the now-phantom collateral remains.

This is the story of the Great Depression, a story that’s unloved because it calls into question the current series of credit-inflated bubbles and resulting financial crises. So the story is reworked into something more palatable such as “the Federal Reserve made a policy error.”

This encourages the fantasy that if central banks choose the right policies, credit bubbles and valuations detached from reality can both keep expanding forever. The reality is credit bubbles always pop, as the expansion of borrowing eventually exceeds the income and collateral of marginal borrowers, and this tsunami of cash eventually pours into marginal high-risk speculative vebtures that go bust.

There is no way to thread the needle so credit-asset bubbles never pop. Yet here we are, watching the global Everything Bubble finally start collapsing, guaranteeing the collapse of collateral and all the debt issued on that collateral, and the rabble is arguing about what policy tweaks are needed to reinflate the bubble and save the global economy from bankruptcy.

Sorry, but global bankruptcy is already baked in. Too much debt has been piled on phantom-collateral and income streams derived from bubble assets rising (for example, capital gains, development taxes, etc.). The asymmetry is now so extreme that even a modest decline in asset valuations/collateral due to a garden-variety business-cycle recession of tightening financial conditions will trigger the collapse of The Everything Bubble and the mountain of global debt resting on the wind-blown sands of phantom collateral.

There are persuasive reasons to suspect global debt far exceeds the official level around $300 trillion, most saliently, the largely opaque shadow banking system. When assets roughly double in a few years, bubble symmetry suggests that valuations will decline back to the starting point of the bubble in roughly the same time span.

The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system.