37 Tips For Navigating A Society That Is Full Of Propaganda And Manipulation

Posted on September 27, 2020 by Reid Mukai

By Caitlin Johnstone

For as long as there has been human language, humans have been using it to manipulate one another. The fact that it is possible to skillfully weave a collection of symbolic mouth noises together in such a way as to extract favors, concessions, votes and consent from other humans has made manipulation so common that it now pervades our society from top to bottom, from personal relationships between two people to international relationships between government agencies and the public.

This has made it very difficult to figure out what’s going on, both in our lives and in the world. Here are some tips for navigating this complex manipulation-laden landscape, whether that be the manipulations you may encounter in your small-scale personal interactions or the large-scale manipulations which impact the entire world:

1 — Understand the fact that humans are storytelling animals, and that whoever controls the stories controls the humans. Mental narrative dominates human consciousness; thought is essentially one continuous, churning monologue about the self and what it reckons is going on in its world, and that monologue is composed entirely of mental stories. These stories can and will be manipulated, on an individual scale by people we encounter and on a mass scale by skillful propagandists. We base our actions on our mental assessments of what’s going on in the world, and those mental assessments can be manipulated by narrative control.

2 — Be humble and open enough to know that you can be fooled. Your cognitive wiring is susceptible to the same hacks as everyone else, and manipulators of all sorts are always looking to exploit those vulnerabilities. It’s not shameful to be deceived, it’s shameful to deceive people. Don’t let shame and cognitive dissonance keep you compartmentalized away from considering the possibility that you’ve been duped in some way.

3 — Watch people’s behavior and ignore the stories they tell about their behavior. This applies to people in your life, to politicians, and to governments. Narratives can be easily manipulated and distorted in many different ways, while behavior itself, when examined with as much objectivity as possible, cannot be. Pay attention to behavior in this way and eventually you’ll start noticing a large gap between what some people’s actions say and what their words say. Those people are the manipulators. Distrust them.

4 — Be suspicious of people who keep telling you what they are and how they are, because they’re trying to manipulate your narrative about them. Be doubly suspicious of people who keep telling you what you are and how you are, because they’re trying to manipulate your narrative about you.

5 — Learn to see how trust and sympathy are used by manipulators to trick people into subscribing to their narratives about what’s going on. Every manipulator uses trust and/or sympathy as a primer for their manipulations, because if you don’t have trust or sympathy for them, you’re not going to mentally subscribe to their stories. This is true of mass media outlets, it’s true of State Department press releases which implore you to have sympathy for the people of Nation X, and it’s true of family members and coworkers. Once you’ve spotted a manipulator, your task is to kill off all of your sympathy for them and your trust in them, no matter how hard they start playing the victim to suck you back in.

6 — Be suspicious of anyone who refuses to articulate themselves clearly. Word salading is a tactic notoriously used by abusive narcissists, because it keeps the victim confused and unable to figure out what’s going on. If they can’t get a clear handle on what the manipulative abuser is saying, they can’t form their own solid position in relation to it, and the abuser knows this. Insist on lucid communication, and if it’s refused to you, remove trust and sympathy. Apply this to people in your life, to government officials, and to 8chan propaganda constructs.

7 — Familiarize yourself with cognitive biases, the glitches in human cognition which cause us to perceive things in a way that is not rational. Pay special attention to confirmation bias, the backfire effect, and the illusory truth effect. Humans have an annoying tendency to seek out cognitive ease in their information-gathering and avoid cognitive dissonance, rather than seeking out what’s true regardless of whether it brings us cognitive ease or dissonance. This means we tend to choose what we believe based on whether believing it is psychologically comfortable, rather than whether it’s solidly backed by facts and evidence. This is a weakness in our cognitive wiring, and manipulators can and do exploit it constantly. And, again, be humble enough to know that this means you.

8 — Trust your own understanding above anyone else’s. It might not be perfect, but it’s a damn sight better than letting your understanding be controlled by narrative managers and dopey partisan groupthink, or by literally anyone else in a narrative landscape that is saturated with propaganda and manipulation. You won’t get everything right, but betting on your own understanding is the very safest bet on the table. It can be intimidating to stand alone and sort out the true from the false by yourself on an instance-by-instance basis, but the alternative is giving someone else authority over your understanding of the world. Abdicating your responsibility to come to a clear understanding of what’s going on in your world is a shameful, cowardly thing to do. Be brave enough to insist that you are right until such time as you yourself come to your own understanding that you were wrong.

9 — Understand that propaganda is the single most overlooked and under-appreciated aspect of our society. Everyone’s constantly talking about what’s wrong with the world, but hardly any of those discussions are centered around the fact that the public been manipulated into supporting the creation and continuation of those problems by mass media propaganda. The fact that powerful people are constantly manipulating the way we think, act and vote should be at the forefront of everyone’s awareness, not relegated to occasional discussions in fringe circles.

10 — Respect the fact that the science of modern propaganda has been in research and development for over a century. Think of all the military advancements that have been made in the last century to get an idea of how sophisticated this science must now be. They are far, far ahead of us in terms of research and understanding of the methods of manipulating the human psyche toward ends which benefit the powerful. If you ever doubt that the narrative managers could be advanced and cunning enough to pull off a given manipulation, you can lay that particular doubt to rest. Don’t underestimate them.

11 — Understand that western mass media propaganda rarely consists of full, outright lies. At most, such outlets will credulously publish the things that are told to them by government agencies which lie all the time. More often, the deception comes in the form of distortions, half-truths, and omissions. Pay more attention to discrepancies in things that are covered versus things that aren’t, and to what they’re not saying.

12 — Put effort into developing a good news-sense, a sense for what’s newsworthy and what’s not. This takes time and practice, but it lets you see which newsworthy stories are going unreported by the mass media and which non-stories are being overblown to shape an establishment-friendly narrative. When you’ve got that nailed down, you’ll notice “Why are they acting like this is a news story?” and “Why is nobody reporting this??” stories all the time.

13 — Be patient and compassionate with yourself when it comes to developing your narrative navigating skills. Like literally any skill set, you’ll suck at it for a while. If you learn you’ve been wrong about something, just take in the new information, adjust appropriately, and keep plugging away. Don’t expect to have mastered this thing before you’ve had time to master it. Like anything else, if you put in the hours you’ll get good at it.

14 — Find reliable news reporters who have a good sense for navigating the narrative matrix, and keep track of them to orient yourself and stay on top of what’s going on. Use individual reporters, not outlets; no outlet is 100 percent solid, but some reporters are pretty close on some specific subjects. Click this hyperlink for an article on one way to do build a customized and reliable news stream. Click this hyperlink for a list of all my favorite news reporters on Twitter right now.

15 — Don’t let paranoia be your primary or only tool for navigating the narrative matrix. Some people’s only means of understanding the world is to become intensely suspicious of everything and everyone, which is about as useful as a compass which tells you that every direction is north. Spend time in conspiracy and media criticism circles and you’ll run into many such people. Rejecting everything as false leaves you with nothing as true. Find positive tools for learning what’s true.

16 — Hold your worldview loosely enough that you can change it at any time in the light of new information, but not so loosely that it can be slapped out of your head by someone telling you what to think in a confident, authoritative tone. As Carl Sagan once said, “It pays to keep an open mind, but not so open your brains fall out.”

17 — Speaking of confident, authoritative tones, be suspicious of confident, authoritative tones. It’s amazing how much traction people can get with a narrative just by posturing as though they know that what they’re saying is true, whether they’re an MSNBC pundit or a popular conspiracy Youtuber. So many people are just plain faking it, because it works. You run into this all the time in debates on online political forums; people come at you with a supremely confident posture, but if you push them to present their knowledge on the subject and the strength of their arguments, there’s not actually anything there. They’re just accustomed to people assuming they know what they’re talking about and leaving their claims unchallenged, and it completely throws them off when someone doesn’t buy their feigned confidence shtick.

18 — Be aware that sociopaths exist. There are people who, to varying degrees, do not care what happens to others, and these are the types of people who will use manipulation to get their way whenever it serves them. If you don’t care about truth or other people beyond the extent to which you can use them, then there’s no disincentive to manipulating.

19 — Be aware of projection, and be aware of the fact that it cuts both ways: unhealthy people tend to project their wickedness onto others, while healthy people tend to project their goodness. Don’t let your goodness trick you into thinking there aren’t monsters who will deceive and manipulate you, and don’t let sociopaths project their own sinister motives onto you by telling you how rotten you are. This mixes a lot of good people up, especially in their personal lives. Not everyone is good, and not everyone is truthful. See this clearly.

20 — Be suspicious of those who excessively advocate civility, rules and politeness. Manipulators thrive on rules and civility, because they know how to manipulate them. Someone who’s willing to color outside the lines and get angry at someone noxious even when they’re acting within the rules makes a manipulator very uncomfortable. Often times those telling you to calm down and behave yourself when you are rightfully upset are manipulators who have a vested interest in getting you to adhere to the rules set they’ve learned to operate within.

21 — Meditation, mindfulness, self-inquiry and other practices are powerful tools which can help you understand your own inner processes, which in turn helps you understand how manipulators can manipulate you, and how they manipulate others. Just be sure that you are using them for this purpose, not for escapism as most “spiritual” types do. You’re trying to become fully aware of what makes you tick mentally, emotionally and energetically; you’re not trying to become some vapid spiritual bliss bunny. The goal isn’t to feel better, the goal is to get better at feeling. Better at consciously experiencing your own inner world.

22 — Be relentlessly honest with yourself about your own inner narratives and the various ways you engage in manipulation. You can’t navigate your way through the narrative control matrix if you aren’t clear on your own role in it. Look inside and consciously take an inventory.

23 — Understand that truth doesn’t generally move in a way that is pleasing to the ego, i.e. in a way Hollywood scripts are written to appeal to. Any narrative that points to a Hollywood ending where the bad guy gets karate kicked into lava and the hero gets the girl is manufactured. Russiagate and QAnon are both perfect examples of an egoically pleasing narrative with the promise of a Hollywood ending, either by Trump and his cohorts being dragged off in chains or by the “white hats” overcoming the Deep State and throwing all the Democrats and Never-Trumpers in prison for pedophilia. Ain’t gonna happen, folks.

24 — Try to view the world with fresh eyes rather than with your tired old grown-up eyes which have taught you to see all this as normal. Hold an image in your mind of what a perfectly healthy and harmonious world would look like; the sharp contrast between this image and the world we have now allows you see through the campaign of the propagandists to normalize things like war, poverty, ecocide, and impotent electoral systems which keep seeing the same government behavior regardless of who people vote for. None of this is normal.

25 — Know that the truth has no political party, and neither do the social engineers. All political parties are used to manipulate the masses in various ways, and nuggets of truth can and do emerge from any of them. Thinking along partisan lines is guaranteed to give you a distorted view. Ignore the imaginary lines between the parties. You may be certain that your rulers do.

26 — Remain always aware of this simple dynamic: the people who become billionaires are generally the ones who are sociopathic enough to do whatever it takes to get ahead. This class has been able to buy up near-total narrative control via media ownership/influence, corporate lobbying, think tank funding, and campaign finance, and are thus able to manipulate the public into consenting to agendas which benefit nobody but plutocrats and their lackeys. This explains pretty much every major problem that we are facing right now.

27 — Understand that nations are pure narrative constructs; they only exist to the extent that people agree to pretend that they do. The narrative managers know this, and they exploit the fact that most of us don’t. Take Julian Assange, perfect example: he was pried out of the embassy and imprisoned by an extremely obvious collaboration between the US, UK, Sweden, Ecuador, and Australia, yet they each pretended that they were acting as separate, sovereign nations completely independently of one another. Sweden pretended it was deeply concerned about rape allegations, the UK pretended it was deeply concerned about a bail violation, Ecuador pretended it was deeply concerned about skateboarding and embassy cat hygiene, the US pretended it was deeply concerned about the particulars of the way Assange helped Chelsea Manning cover her tracks, Australia pretended it was too deeply concerned about honoring the sovereign affairs of these other countries to intervene on behalf of its citizen, and it all converged in a way that just so happened to look exactly the same as imprisoning a journalist for publishing facts. You see this same dynamic constantly, whether it’s with military interventions, trade deals, or narrative-shaping campaigns against non-aligned governments.

28 — Understand that war is the glue which holds the US-centralized empire together. Without the carrot of military/economic alliance and the stick of military/economic violence, the US-centralized empire would cease to exist. This is why war propaganda is constant and sometimes so forced that glaring plot holes become exposed; it’s so important that they need to force it through, even if they can’t get the narrative matrix around it constructed just right. If they ceased manufacturing consent for the empire’s relentless warmongering, people would lose all trust in government and media institutions, and those institutions would lose the ability to propagandize the public effectively. Without the ability to propagandize the public effectively, our rulers cannot rule.

29 — Remember that when it comes to foreign policy, the neocons are always wrong. They’ve been so remarkably consistent in this for so long that whenever there’s a question about any narrative involving hostilities between the US-centralized power alliance and any other nation, you can just look at what Bill Kristol, Max Boot and John Bolton are saying about it and believe the exact opposite. They’re actually a very helpful navigation tool in this way.

30 — Notice how the manipulators like to split the population in two and then get them arguing over how they should serve the establishment. Arguing over whether it’s better to vote Democrat or Republican, arguing over whether it’s better to increase hostilities with Iran and Venezuela or with Syria and Russia, over whether you should support the US president or the FBI, arguing over how internet censorship should happen and whom should be censored rather than if censorship should happen in the first place. The longer they can keep us arguing over the best way to lick the imperial boot, the longer they keep us from talking about whether we want to lick it at all.

31 — Watch out for appeals to emotion. It’s much easier to manipulate someone by appealing to their feely bits rather than their capacity for rational analysis, which is why any time they want to manufacture support for military interventionism you see pictures of dead children on news screens everywhere rather than a logical argument for the advantages of using military violence based on a thorough presentation of facts and evidence. You see the same strategy used in the guilt trips they lay on third-party voters; it’s all emotional hyperbole that crumbles under any fact-based analysis, but they use it because it works. They go after your heart strings to
circumvent your head.

32 — Pay attention to how much propaganda goes into maintaining the propaganda machine itself. This is done this because propaganda is just that central to the maintenance of dominant power structures. Much effort is spent building trust in establishment narrative management outlets while sowing distrust in sources of dissent. You’ll see entire propaganda campaigns built around accomplishing solely this.

33 — Make a practice of asking “Who benefits from this narrative I’m being sold?” and “Who benefits from this belief I have?” Who benefits from your hating China or the Latest Official Bad Guy? Who benefits from the belief that the status quo is acceptable? Keep asking this about the narratives coming to you, and about the beliefs you already hold in your head.

34 — Learn the art of perceiving life without the perceptual filter of narrative. Mentally “mute” the narrative soundtrack and watch where all the resources are going, where the weapons are moving to and coming from, who’s being killed and imprisoned etc, to get a clear picture of what’s going on in the world.

35 — Whenever the mass media begin declaring that some dastardly deed has been committed which requires immediate military action, your default assumption should be that they’re lying, because they’ve got an extensively documented history of doing so. After lying so consistently about such things so many times, the burden of proof is always on the western power structures who are making the claim, and that burden requires mountains of independently verifiable evidence to be met.

36 — Dismiss all Latest Official Bad Guy narratives. The only ones who benefit from you hating a foreign government are the powerful people who are targeting that government and seeking to manufacture support for future actions against it. Don’t be a pro bono CIA propagandist.

37 — Be acutely aware that the only reason the status quo is accepted as “normal”, and its defenders regarded as “moderate”, is because vast fortunes are poured into making it seem that way. If we could see the status quo of this world with fresh eyes, we’d scream in horror.

‘Confirmed’ Has Become A Meaningless Word In Mainstream News Reporting

Posted on September 25, 2020 by Reid Mukai

By Caitlin Johnstone

Source: CaitlinJohnstone.com

Last week Politico published a major exclusive report that the “Iranian government is weighing an assassination attempt against the American ambassador to South Africa” in retaliation for the assassination of General Qassem Soleimani earlier this year, citing (you guessed it) anonymous government officials.

The claim was nonsensical on its face; the idea that Iran would see the assassination of some random ambassador to an irrelevant country as a proportionate response to the killing of its wildly beloved top military commander would only make sense to someone with a very US-centric worldview who knows nothing about Iran. On top of that, the South African government published a statement that “the information provided is not sufficient to sustain the allegation that there is a credible threat against the United States Ambassador to South Africa”.

The flimsy nature of this allegation was of course not enough to prevent bombastic Twitter threats from America’s manchild-in-chief that this nonexistent assassination plot “will be met with an attack on Iran that will be 1,000 times greater in magnitude!” if carried out.

…caused over so many years. Any attack by Iran, in any form, against the United States will be met with an attack on Iran that will be 1,000 times greater in magnitude!

— Donald J. Trump (@realDonaldTrump) September 15, 2020

It also wasn’t enough to prevent the Politico article’s co-author, Natasha Bertrand, from falsely claiming that The New York Times had “confirmed” her reporting.

“The NYT has confirmed Nahal Toosi and my reporting about Iran,” Bertrand tweeted today with a link to a new Times article, quoting the excerpt “Lana Marks, the American ambassador to South Africa and a political supporter of Trump, was a potential target of an Iranian attack…Politico earlier reported that Ms. Marks was a target.”

The New York Times has in fact not confirmed Bertrand and Toosi’s reporting, and Bertrand omits a very significant portion of text from her excerpt. Here is the quote in full, bold mine:

Lana Marks, the American ambassador to South Africa and a political supporter of Mr. Trump, was a potential target of an Iranian attack, according to national security officials. But some briefed on the intelligence said Iran has not decided to directly target any American official, and other current and former officials accused the Trump administration of overstating the threat. Politico earlier reported that Ms. Marks was a target.

Awful lot of important information hiding in that ellipsis of yours, Ms Bertrand.

The NYT has confirmed @nahaltoosi and my reporting about Iran.

“Lana Marks, the American ambassador to South Africa and a political supporter of Trump, was a potential target of an Iranian attack…Politico earlier reported that Ms. Marks was a target.” https://t.co/VMqqgOpypr

— Natasha Bertrand (@NatashaBertrand) September 20, 2020

So NYT had in fact merely spoken to unnamed officials (probably some of the same ones) and found there to be misgivings about the claim Bertrand had promoted, and then Bertrand deceptively omitted text which contradicted the claim she was making that her report had been “confirmed”.

It should surprise no one that Bertrand would abuse the trust of her followers in such a phenomenally sleazy way. As Antiwar‘s Dave DeCamp explained after the Politico report was discredited by the South African government, Bertrand “built her career on hyping the Steele Dossier, a now-discredited document that made unverified claims about the Russian government and the Trump campaign in 2016.”

But Bertrand’s slimy manipulation is also to be expected because she knows she can get away with it. The word “confirmed” has been misused and abused to such a spectacular extent in mainstream news reporting of late that it doesn’t actually mean anything anymore when they say it.

When a news reporter announces that they have independently confirmed another outlet’s reporting, the reader imagines that they have done actual investigative journalism, traveled to the places about which the claims are being made, done deep digging and looked at the evidence with their own two eyes and found that the claim is true. In practice, all it often means is that they spoke to the same sources the other reporter spoke to and are in fact just confirming that the source did indeed make a given assertion. The reader assumes they’re confirming the source’s claim is true, but all they’re actually confirming is that the first reporter didn’t just make up the claim they’re uncritically parroting.

Take when the anonymously sourced story about Russia paying bounties to Taliban-linked fighters in Afghanistan for killing occupying coalition forces was first reported by The New York Times. We now know this story was completely baseless, but when it first broke there were a bunch of mass media reporters buzzing around claiming to have “confirmed” one another’s stories on the matter.

EXCLUSIVE: A Russian spy unit secretly offered bounties to militants in Afghanistan for killing American troops, U.S. intelligence officials found. Trump and White House have known for months, but not authorized any response.
w/ @EricSchmittNYT @mschwirtz https://t.co/o5NKTRDE8h

— Charlie Savage (@charlie_savage) June 26, 2020

“The Wall Street Journal and The Washington Post have confirmed our reporting,” the NYT story’s co-author Charlie Savage tweeted after the story broke.

“We have confirmed the New York Times’ scoop: A Russian military spy unit offered bounties to Taliban-linked militants to attack coalition forces in Afghanistan,” tweeted The Washington Post‘s John Hudson.

“We matched The New York Times’ great reporting on how US intel has assessed that Russians paid Taliban to target US, coalition forces in Afg which is a pretty stunning development,” tweeted Wall Street Journal’s Gordon Lubold.

All three of these men were lying.

John Hudson’s claim that the Washington Post article he co-authored “confirmed the New York Times’ scoop” twice used the words “if confirmed” with regard to his central claim, saying “Russian involvement in operations targeting Americans, if confirmed,” and “The attempt to stoke violence against Americans, if confirmed“. This is of course an acknowledgement that these things had not, in fact, been confirmed.

The Wall Street Journal article co-authored by Gordon Lubold cited only anonymous “people”, who we have no reason to believe are different people than NYT’s sources, repeating the same unsubstantiated assertions about an intelligence report. The article cited no evidence that Lubold’s “stunning development” actually occurred beyond “people familiar with the report said” and “a person familiar with it said“.

The fact that both Hudson and Lubold were lying about having confirmed the New York Times‘ reporting means that Savage was also lying when he said they did. When they said the report has been “confirmed”, what they really meant was that it had been agreed upon. All the three of them actually did was use their profoundly influential outlets to uncritically parrot something nameless spooks wanted the public to believe, which is the same as just publishing a CIA press release free of charge. It is unprincipled stenography for opaque and unaccountable intelligence agencies, and it is odious.

Journalism’s New Propaganda Tool: Using “Confirmed” to Mean its Oppositehttps://t.co/e0u0NE6fNG

— Glenn Greenwald (@ggreenwald) September 5, 2020

Earlier this month The Intercept‘s Glenn Greenwald published an article titled “Journalism’s New Propaganda Tool: Using ‘Confirmed’ to Mean Its Opposite“, about an anonymously sourced claim by The Atlantic that Trump had said disparaging things about US troops. An excerpt:

Other media outlets — including Associated Press and Fox News — now claim that they did exactly that: “confirmed” the Atlantic story. But if one looks at what they actually did, at what this “confirmation” consists of, it is the opposite of what that word would mean, or should mean, in any minimally responsible sense. AP, for instance, merely claims that “a senior Defense Department official with firsthand knowledge of events and a senior U.S. Marine Corps officer who was told about Trump’s comments confirmed some of the remarks to The Associated Press,” while Fox merely said “a former senior Trump administration official who was in France traveling with the president in November 2018 did confirm other details surrounding that trip.”

Greenwald also documents how in 2017 CNN falsely reported that Donald Trump Jr had received an encryption key to WikiLeaks which let him preview the 2016 DNC leaks ten days before they were published, which we shortly thereafter learned was actually due to nobody involved in the story bothering to read the date on the email correctly. The whole entire story, in reality, was that Trump had merely received an email about an already published WikiLeaks drop.

Greenwald writes the following:

Very shortly after CNN unveiled its false story, MSNBC’s intelligence community spokesman Ken Dilanian went on air and breathlessly announced that he had obtained independent confirmation that the CNN story was true. In a video segment I cannot recommend highly enough, Dilanian was introduced by an incredibly excited Hallie Jackson — who urged Dilanian to “tell us what we’ve just now learned,” adding, “I know you and some of our colleagues have confirmed some of this information: What’s up?” Dilanian then proceeded to explain what he had learned:

“That’s right, Hallie. Two sources with direct knowledge of this are telling us that congressional investigators have obtained an email from a man named ‘Mike Erickson’ — obviously they don’t know if that’s his real name — offering Donald Trump and his son Donald Trump Jr. access to WikiLeaks documents. … It goes to the heart of the collusion question. … One of the big questions is: Did [Trump Jr.] call the FBI?”

How could that happen? How could MSNBC purport to confirm a false story from CNN? Shortly after, CBS News also purported to have “confirmed” the same false story: that Trump Jr. received advanced access to the WikiLeaks documents. It’s one thing for a news outlet to make a mistake in reporting by, for instance, misreporting the date of an email and thus getting the story completely wrong. But how is it possible that multiple other outlets could “confirm” the same false report?

That’s three mainstream outlets–CNN, MSNBC, and CBS, all claiming to have independently “confirmed” a story that would have been recognized as false if even one person in any of those outlets had done the tiniest bare minimum of independent investigation into the claim that its source was making, namely looking with their eyeballs at the actual information they were being presented with.

They didn’t, because that’s the state of the mass media today. That is its culture. That, in answer to Greenwald’s question above, is how this could happen: the western mass media are nothing but a bunch of lackeys mindlessly regurgitating incendiary narratives by those in power in their rapacious search for ratings.

.@natashabertrand claims NYT has "confirmed" her "reporting" on an Iranian plot by distorting what NYT actually says.

She omits "national security officials", who are just repeating to NYT what they told her. And she omits rest of graf, in which other officials doubt the story! pic.twitter.com/ys89nW9AMh

— Aaron Maté (@aaronjmate) September 20, 2020

Natasha Bertrand is acutely aware of this, which is why she feels comfortable falsely telling the world that her absurd reporting has been “confirmed”.

So now you know. Whenever you see the mass media saying an important claim has been “confirmed”, just ignore them. They have no respect for that word, and it has lost all meaning among their ranks. The western media class does not exist to tell you the truth about the world, it exists to distort your understanding of the world for the advantage of the powerful.

The Fed Has Loaned $1.2 Billion from its TALF Bailout Program to a Tiny Company with Four Employees

Posted on September 24, 2020 by Reid Mukai

By Pam Martens and Russ Martens

Source: Wall Street on Parade

Every Wall Street bailout program that the Fed has created since September 17 of last year has, according to the Fed, been ostensibly created to somehow help the average American.

According to the Fed’s Term Sheet for the Term Asset-Backed Securities Loan Facility (TALF), it’s going to “help meet the credit needs of consumers and businesses by facilitating the issuance of asset-backed securities.” Not to put too fine a point on it, but asset-backed securities and related derivatives are what blew up Wall Street in 2008, creating the worst economic downturn, at that point, since the Great Depression.

According to the Fed’s most recent H.4.1 filing, it has loaned a total $11.1 billion from TALF. Eleven percent of that money, $1.2 billion, went to a company that has 4 employees (outside of clerical workers) according to its filing with the SEC.

Read the rest of the article.

One real but ‘polemic’ way to defeat COVID-19

Posted on September 23, 2020 by Reid Mukai

By Andre Vltchek (1962-9/22/2020)

Source: New Eastern Outlook

COVID-19 is not just a disease; it is also a state of mind, a psychosis, a fear. It is an event that, all over the world, unleashed irrational behaviour by the governments, individuals, and media. It triggered speculations, bizarre analyses, and selective ‘cut-and-paste science.’

Result: while there are, undeniably, few optimistic success stories, including the Russian vaccine, China’s and Vietnam’s ability to contain the pandemic without ruining economy and livelihood of the citizens, the great majority of the world is undoubtfully in disarray. Hundreds of millions of people are literally tossed into a gutter. Other billions, all over Asia, Latin America, the Middle East, Africa, and to some extent, the United States and the UK are locked in, unable to travel abroad, and unwilling to accept visitors from other countries.

All this is pure insanity. Families are divided, broken apart. People are locked out of their homes in other countries. Lovers are told they cannot see each other, perhaps for years.

Extreme right-wing governments that are ripe to fall, like those in Thailand or Chile, are hiding behind the COVID-19, not allowing anyone to enter and face their downfall.

International life patterns of billions of people are ruined which leads to suicides, deep depressions, violence, as well as COVID-19 unrelated but lockdowns-related health issues.

In brief: The world is screwed! Most likely, billions of human lives are.

Apart from my work in several parts of the United States after the murder of George Floyd, and then in Aruba, from where the NATO is threatening Venezuela, I spent almost five months in a brutal lockdown in Chile. Truly brutal, because I arrived there after covering several conflict zones in Asia, with the COVID-19 at my heels. One airport after another was closing behind me, after my departure. A journey took eight days: Hong Kong to Bangkok, then Seoul, Amsterdam, Suriname, Brazilian Belem, Brasilia, Rio de Janeiro, Lima, and finally, Santiago.

At the conflict zones, including when I was filming in devastated Borneo, my guts and eyes got attacked by some vicious parasites (or was it COVID-19, after all?), and something happened to my feet; I could hardly walk. Well, once in a while, I have this tendency to run myself to the ground, after the excessive doses of Afghanistan, Syria, Indonesia, Iraq, DR Congo, Kashmir, Gaza… I never stop until it is too late, or more precisely, until I fall on my face.

But then, after I do, after I find myself flattened on the ground, I know precisely what to do. Which is: a few months of rest, rigorous exercises, foot massages, sea, diet, sun. Until I can move again, and return to performing duties, I have towards humanity.

But this time it was different. With a single digit of popularity, Chilean Pinochet-style regime utilised COVID-19 in order to stay in power, to crack on the opposition and to rob indigenous people of that little they still had left. Result: bizarre, total lockdowns with tanks on the streets, with the meaningless curfews, with even a small park at the back of my building out of reach to the tenants.

My only ‘walks’ were inside the apartment. I needed to get to my place in Bangkok; small, but with a gym and pool and with a garden. But Thailand’s rulers made sure to keep the foreigners out, too. Clearly, for political reasons.

And so, I was forced to spend the longest time in my life in one place. The longest since I was 15 years old if I remember correctly.

And instead of improving, my health deteriorated in that monstrous lockdown, where I was facing bare, depressing winter Andes, and the 160-average pollution levels (US AQI). When I was finally departing, I could hardly walk and had to use a cane.

***

I RAN away on one of the first re-introduced non-stop Iberia flights to Madrid. I was lucky that I could, as one of my passports was that of the EU.

It had to be Madrid or Italy. I would also happily run to Russia, but in August, it was still closed.

When I was very young, I used to escape to Madrid, in order to be as far away as possible from New York. I despised my life in the United States. I couldn’t write there. In Italy and Madrid, I could easily. For months I would be saving, and then disappear from the United States, for 5–6 weeks. My plan was to travel all over Spain, but Madrid was so absorbing, so fascinating that in the end, I lost all my desire to leave it. Cafes on Plaza de Olavide were where I used to write my fiction.

And now, beaten, hardly able to move, I returned. Before my interviews in Turkey and Serbia, and before at least some parts of Asia would be re-opening, Madrid became my logical destination.

***

I ANTICIPATED what would be waiting for me here. And all of my expectations came through.

In Madrid, life didn’t stop. It slowed down, to some extent, yes. Some visible and invisible barriers were erected. Many precautions have been taken. But there was no ‘full stop.’ Unlike in New York and Santiago, colours were everywhere, and so were beauty, elegance, and harsh Castellan sense of humour.

First of all, Madrid was clearly demonstrating that life is much stronger then death, but only if life is pitched against death, and lived with unwavering strength and passion.

In Prado Museum, I rediscovered one of the greatest and most frightening artworks of all times: Pieter Bruegel’s the Elder: ‘The Triumph of Death.’ I searched for it, and I found it in one of the main halls.

Here, in this surreal, powerful, and highly perverse artwork, it was depicted all. Yes, Death is frightening. Yes, it has tremendous strength, and it has its own ‘army of skeletons.’ And yes, in the end, it always wins.

But you look out, through the windows of Prado, and you see the ancient, green, and beautiful trees, you see the splendid architecture, and lovers holding hands. Death may have the last word for all human beings, but life goes on, too. It never gets defeated, and it never surrenders. There is time to live and time to die.

Bruegel, who painted his macabre masterpiece c. 1562, wanted us to live in constant fear of death.

Today’s Madrid, with its passion, wants us to forget about death, at least for that short but brilliant moment, which is called life.

This new and hopefully short-lived era of COVID-19 terror is throwing us, human beings, back to the middle ages, where continuous anxieties and images of horrors were masterfully manufactured, even mass-produced, in order to poison our existence and strip us of dreams, of power, and joy.

Throughout the middle ages, at least in Europe, suffering and fear were habitually glorified. Joy and desires were suppressed, often chastised.

In the middle ages, Christianity reached perfection in scaring humans to death, in stripping life of almost all delights, and in administering brutal, grotesque punishments. And this is when the Muslim armies arrived, liberating a large part of Spain from the religious fundamentalism. Glorious caliphate of Cordoba was erected, synonymous with the golden age of Islam; caliphate admired for knowledge, poetry, playfulness, the quest for freedom and beauty.

There, Muslims, Christians, and Jews lived together; they freely mingled together, building one mighty, tolerant, and creative society. It was a society without fear, society full of hope.

Caliphate of Cordoba also defeated death, at least from one’s birth till demise. Great Pakistani thinker, Tariq Ali, wrote beautifully about that era, many years before COVID-19 appeared on the horizon.

I took Talgo, high-speed train, to Cordoba. I had to revisit the old mosque, where the fight for tolerance began. All this was now relevant. It was not just the medicine, not just the science, which had to be mobilised.

The battle against COVID-19 has to be also fought by thinkers, by artists, by all those who can make life meaningful, or at least bearable.

***

SPAIN and its capital Madrid can easily ‘go either way.’ The city can be oppressive and harsh when it goes through the ‘bad wave.’ It can ruin millions of lives, as it did when it embarked on the horrid colonialist expeditions, religious fundamentalism, or fascist dictatorship.

But Madrid can also be highly enlightened, creative, and forward-looking. It can be light and reasonable, embracing life.

In the age of COVID-19, Madrid decisively refused to lock up millions of people in the proverbial cages. Few weeks of confusion and enough! The government tried, half-heartedly, but failed to impose full oppressive order.

By the middle of August 2020, the number of Covid-19 cases was higher in Spain, then in many other EU countries. Madrid made it to the ‘red list’ in such countries as Germany and the UK.

But walk through the streets of the city, sit in its cafes, look at children playing in the elegant parks, and then compare all this with terrible stress in those societies full of rules and regulations, such as Germany or Macron’s France.

Brueghel’s skeletons are clearly depicting destruction and death. Scenes are full of nihilism. They fit perfectly well into the devastated landscapes of the excessively locked down, terrified cities.

Some cities with a relatively small number of infections, like Bangkok, already died. How come? They lost, they handed victory to death. They threw up their hands without the battle. They surrendered, offering to death precisely what she has been demanding: voluntarily, they stopped living.

In the United States or such places like Southeast Asia, Facebook, Amazon, Apple have been making fortunes. Bookstores, museums, theatres all surrendered; they closed down.

***

MADRID introduced social distancing, imposed masks regulations, a limited number of visitors, but rapidly reopened cinemas, gardens, galleries. Cafes are functioning, too, and so are the restaurants. Soon, after the summer holidays end, the city’s theatres and concert halls will reopen.

It is not because the city is reckless. Not at all. Disinfectants are everywhere and when walking or in public places, people are wearing masks. The streets of Madrid are meticulously clean. Various safety regulations are imposed. But life goes on. Airplanes are taking off towards many parts of the world. Madrid is an open city. Not yet to all, but at least to many.

And as a reward, there are smiles. There are politeness and kindness. People do not look suicidal. They do not explode at the slightest conflict. No honking, no shouting. No animalistic, all-consuming fear.

Madrid understands that there is a certain degree of danger. But it deals with this state of siege with admirable dignity and courage.

After the panic and ugly behavioural patterns that I observed in the United States and Chile, Madrid impressed me enormously. The COVID-19 pandemic brought economic and social hardship to some, but there was no national agony so clearly noticeable in New York, Washington DC, or Santiago.

Even if they struggled, people made sure to put on their best, to behave with dignity, and confront danger with both strength and heart.

When my still weak feet let go on the third day, when I stumbled and fell on an ancient sidewalk, several people immediately ran to my rescue. They fought for me. In my own way, I came here in order to fight for them, too.

Madrid is not a perfect city. Actually, I keep repeating it again and again: there are no ‘perfect cities’ in this world.

And Madrid’s way is not the only example of how to fight and defeat the latest deadly pandemic.

But perhaps it is the most agreeable one: full of smiles, support from friends and families, with the exposure to the sun, to excellent food, nature, culture, and arts.

It is the Latin spirit, joie de vivre, which is put to work here, in order to overpower Brueghel and his army of skeletons, together with the excessive religious asceticism of El Greco.

We still don’t know how to defeat COVID-19, scientifically, but in such places as Madrid, we are learning how to prevent it from defeating us.

Nine days in Madrid did not fully ‘cure me,’ but it gave back the optimism to my scarred soul. It gave me the strength to fight again. As well as the desire to walk forward!

Originally published 8/20/20

Social media fact-checking, brought to you by the Deep State

Posted on September 22, 2020 by Reid Mukai

By Daniel Espinoza

Source: Off-Guardian

Almost four years of mainstream media hype about “fake news” and “Russian meddling” propaganda has brought to the world exactly what they were intended to bring: an effective mechanism for internet and social media censorship.

In the center of this move toward global discourse control is an organization called the Poynter Institute, home to the International Fact-Checking Network (IFCN), a body created to coordinate, promote and train dozens of fact-checkers from around the world.

The IFCN and many non-profits working in the same field are funded by the big capitalist “philanthropists” of our era, like George Soros, Pierre Omidyar, Bill Gates, and even the Koch brothers…but also by the US Department of State and a shady “aid” – in reality, political meddling – organization, the National Endowment for Democracy (NED), historically linked to the CIA and regime change operations.

Google and Facebook – itself tied to the warmongering Atlantic Council and its “Digital Forensic Research Lab” – are also associated with Poynter, by funding and partnerships to fight “fake news” (including the development of an “automated” fact-checking program for the upcoming 2020).

The marriage between Poynter’s IFCN, politically inclined billionaires, the State Department – and the whitewashed public face of the Deep State – suggest that the institute is probably working in what Nelson Poynter, its founder, worked on for a key part of his life: propaganda and censorship for the US government.

Although this information is not available in Nelson Poynter’s Wikipedia profile or in poynter.org’s history page, his work for a government propaganda agency is not exactly a secret. A resemblance of his wife, Henrietta, also at the institute’s website, quickly passes over the fact that Poynter did work for the Office of War Information (OWI) during WWII, but his specific role as a government censor and propagandist is never mentioned.

Nevertheless, Hollywood Goes to War, a book written in 1987 by Clayton R. Koppes and Gregory D. Black, is one of the many historical sources that tell the details of Poynter’s job.

FILM CENSORSHIP AND THE BIRTH OF THE VOICE OF AMERICA

Nelson Poynter was recruited by the OWI with his wife Henrietta, who worked as assistant program chief under Elmer Davis, head of the agency. She came up with the name for the “Voice of America”, the famous psychological war operation of the US government.

The radio project was established in February 1942 and soon grew to be the most important US overt propaganda arm of the Cold War.

Unlike his wife’s job, Poynter’s regarded not radio – or his previous line of work, journalism – but movies. In 1942, the OWI’s Bureau of Motion Pictures (BMP) set up office in Hollywood, naming Poynter as its head. His mission was to act as liaison between the agency and the owners of Warner Brothers, Twentieth Century Fox, MGM and the other big studio names.

Elmer Davis, head of the OWI, regarded films as:

The easiest way to inject a propaganda idea into most people’s minds”, in part, because they “do not realize that they are being propagandized”.

Davis was a career journalist who worked for ten years for the New York Times before being recruited by the government. Franklin D. Roosevelt’s White House needed the film industry to incorporate specific themes in their movies, ideas that promoted the notion of WWII as being a “popular” war, fought to defend his Four Freedoms.

But at first, Poynter’s office in Hollywood had little veto power over what the industry could produce – for the entire Western world – limiting itself to suggest cosmetic changes here and there, or the toning down of reactionary and racist imagery and language, an inherent feature in the Hollywood of that era.

The heads of the studios were in fairly good terms with the US Army, historically close to the industry. Its owners were happy to portrait US wars abroad as heroic, in exchange for the lending of military equipment, installations and expert advice.

But in most cases, a disappointed Poynter complained, war ended up only as “a backdrop” for shallow romance, cheap comedies and other proven formulas. Poynter and his boss at the BMP, Lowell Mellett, also hired a former assistant of Harold Lasswell, a famous social researcher who said – back in the 30s – that democracy needed propaganda because people were not the best judges of their own interest.

Eventually, the team devised a way to exert more power over the unruly, reactionary and overly commercial Hollywood studios. They decided to ask the US Office of Censorship to weight in and threat them with banning “offending” films from export, seriously reducing their potential earnings.

According to Koppes and Black’s Hollywood Goes to War, it was a success, prompting MGM, Warner and the other big names to start turning their scripts for review to the Poynter. The BMP knew it was important to intervene right at that stage, before big amounts of money were spent in production.

Poynter was a diligent censor and propagandist, going as far as to suggest dialogues for the movie scripts he was reviewing, breaching “one of the industries taboos” and provoking the powerful tycoons, according to the authors mentioned above.

When the war ended, Poynter went back to journalism. He eventually took over the St. Petersburg Times (renamed Tampa Bay Times in 2012), owned by his father. He also founded the Congressional Quarterly with his wife Henrietta, who died in 1968. As we can read in the Poynter institute’s website:

When Henrietta died suddenly at the age of 66, Nelson mourned deeply. ‘Her passing marked the end of an era for Mr. Poynter,’ said David Shedden, former research librarian at The Poynter Institute. ‘He started looking to the future and thinking about his legacy. He focused on creating a school for journalists, which of course became the Modern Media Institute, and then the Poynter Institute’.”

Nevertheless, historian W.C. Bourne explains that many of the OWI’s top brass – as Elmer Davis and Nelson Poynter, former journalists – returned to the corporate media after the war, but “retained an abiding belief in the things for which OWI stood and the possibilities of accomplishment in the international information picture”.

Many of them also retained the Deep State contacts and a nationalistic “spirit of collaboration”.

A LEGACY OF CENSORSHIP

Nelson Poynter’s work for the government ended many decades ago, and it would be reasonable to suggest that his ties to the US government and its propaganda apparatus probably never involved the journalism institution he founded years after leaving the OWI.

But we have evidence pointing precisely in the opposite direction.

Firstly, the obvious – and open – ties between the institute and today’s version of the foreign meddling machine installed by the US during the Cold War (i.e. the NED). As informed on many occasions by independent journalists, one of the founders of the National Endowment for Democracy once admitted that:

A lot of what we do today was done covertly twenty-five years ago by the CIA.”

Secondly, the intimate ties between the Poynter Institute and the US State Department, which selected it to conduct the “Edward Murrow Program for Journalists”. It brings together “more than 100 emerging international journalists from around the world to examine journalistic practices in the United States”.

In other words, to be indoctrinated in Western corporate journalism and culture and start a relationship with a potential foreign opinion leader.

The State Department’s Murrow program is part of Bureau of Educational and Cultural Affairs (ECA), an agency dedicated to “cultural diplomacy”, intimately tied to intelligence and foreign policy since way before the Cold War. The participants to be trained by Poynter are chosen by US embassies abroad.

A 2017 report of the historical success of the educational exchange agency stated that:

…565 alumni of the ECA programs are current heads or former heads of state and government, and 31 alumni are heads of international organizations.”

Thirdly, the Poynter Institute, too, redacted an infamous blacklist of “fake news” sites, with the intention of marginalize and, in this case, deny many of them of any kind of advertisement money.

A BLACKLIST TO DEFUND THEM ALL

For this operation, launched on April 30, 2019, Poynter ganged-up with the rest of the fact-checking “cartel”, so to speak.

The institute gathered the blacklists and analysis done in recent years by Snopes, Fact-check.org, Politifact (owned by the Tampa Bay Times and Poynter), OpenSources and the Fake News Codex, and used them to create the mother of all blacklists, naming 515 “unreliable” news websites.

It was retracted shortly after its publication, on May 2, after coming under criticism for “unreliability and poor methodology”. The irony! And this should be understood as an indictment on the whole bunch. As one critic from the George Washington University noted:

Beneath the veneer of its precision, the fact-checking enterprise relies heavily on opinion and interpretation…If a list summarizing fact-checking results and verified by fact checkers is ultimately retracted by those same fact checkers for not being rigorous, it underscores the question of why we should trust anything from the fact-checking community.”

To add insult to injury, Poynter’s dubious list of “unreliable websites” was intended to cause financial harm to those named in it, by guiding advertisers and ad-technology applications to deny them of ads.

After the retraction, Stephen Gutowski, a writer from one of the affected websites, Free Beacon, wrote:

What a disgusting exercise in bad faith from an organization that’s supposed to be about improving and promoting journalism. Instead, they’re creating tabloid-level listicles to smear reporters without offering even a single piece of evidence. Shame on you, @Poynter.”

Philip Klein, from The Washington Examiner – also listed – thought it was:

…worrisome to call for advertisers blacklisting news organizations, especially given the opacity of the process and arbitrariness of many of the judgements [sic].”

THE “CARTEL”

Most of the non-profits behind Poynter’s blacklist share patrons, except for the controversial Snopes, that runs on less grant money than advertisement revenues.

The International Fact-checking Network and its more than a hundred “associated” – subordinated – smaller fact checkers around the globe, are also funded by the same “philanthropists”, like Bill Gates, whose foundation already finances tens of mainstream corporate news outlets with tens of millions of dollars, just like the Columbia Journalism Review recently uncovered.

Regarding Poynter and Gates, specifically:

…Poynter senior vice president Kelly McBride said Gates’s money was passed on to media fact-checking sites, including Africa Check, and noted that she is “absolutely confident” that no bias or blind spots emerged from the work, though she acknowledged that she has not reviewed it herself.”

In a blatant conflict of interests, those same fact-checkers often (try to) debunk information related to the Gates Foundation, just like a private PR agency.

Many lesser players in the global constellation of fact checkers are also funded directly by George Soros and his Open Society Foundation, the Ford Foundation, the US embassy and/or the NED.

When “fact-checking”, the members of this private-public consortium often limit themselves to copy/paste from their “parent” sources, like Poynter’s Politifact and Snopes.

As Emil Marmol and Lee Mager recently wrote for Project Censored, the “fake news” psychological operation was little more than a “Trojan horse for silencing alternative news and reestablishing corporate news dominance”:

The fake news hysteria created by those in government and echoed by the corporate news media is being harnessed and used as a pretext for the suppression of dissent and counterhegemonic viewpoints while re-establishing the corporate press’s preeminence as the sole purveyor and manufacturer of public opinion”.

The Covid-19 pandemic has accelerated the degenerative process under the guise of “protecting us”, prompting democratic governments to take dangerous paths, like arresting citizens for promoting street marches on Facebook.

The internet opened up a world of information to the regular citizen, we must keep it open so more of us can take a look.

Daniel Espinosa lives in Arequipa, second largest city of Peru. He graduated in Communication Sciences in Lima and started researching propaganda and mainstream media. He writes for a Peruvian in-print weekly, Hildebrandt en sus trece, since 2018, and collaborates with many online media. His writings are a critique of the role of mass media in society. You can read his previous work through his MuckRack profile.

COVID-19: Trigger for a New World Order. Economic Stagnation and Social Destruction

Posted on September 21, 2020 by Reid Mukai

By Patrick Henningsen

Source: Global Research

I can remember them saying that ‘everything changed after 9/11’. It did, but certainly not for the better. I think we can all agree on that. I remember how everyone surrendered their rights and key aspects of democracy, all in the name of ‘keeping us safe’.

Back then, world-changing decisions were made in reaction to an exaggerated threat, with sweeping ‘emergency measures’ and laws enacted. Usually, nothing good follows from a government that is making decisions and formulating permanent policy, suspending constitutions and rights – imposing all of this on a population operating from a position of fear. That much we did learn. Some of us did anyway.

In January, like a leviathan sprung forth from the titans Oceanus and Ceto in ancient Greece, the global coronavirus pandemic was born. Like 9/11, it was a disruptive event, but this time on a scale unimaginable. Whether or not one believes this was naturally-occurring or a biologically-engineered pathogen (there is every reason to believe it could be), it is beyond argument that this ‘crisis’ is and will be used to advance a multi-pronged globalist agenda, likely to feature more wars between the great powers.

Modern man is now entering realms of dystopia only imagined before by the likes of Aldous Huxley and George Orwell, with more than a hint of Philip K. Dick. What makes all of this difficult for so many is that the sudden transition has been almost instantaneous, leaving people in a near callow state of bewilderment, wondering what just happened to their old life.

No matter which way this situation goes, it’s almost certain life will never be the same.

COVID Crisis

By now we should be familiar with the story: a novel coronavirus, scientifically known as SARS-CoV-2, or COVID-19, has made its way across the planet, infecting millions of people and registering over 100,000 deaths (as of the time of writing) across 180 countries. The victims of this outbreak are overwhelming elderly persons over the age of 70 and those in palliative care, most of who have severe and chronic underlying medical conditions.

Make no mistake about it – this is a disruptive event on a scale the modern world has never seen before. The shock and awe began from the moment the story broke from the Chinese city of Wuhan in Hubei Province. Global audiences were inundated with images of Chinese authorities putting hundreds of people into biological suits, hosing down the outside of buildings, before quarantining themselves in their apartments. Then began a state-sanctioned medieval-style program that western media and politicians enthusiastically dubbed a “lockdown,” a term aptly borrowed from the prison industrial complex.

Wuhan was an unforgettable spectacle which really impacted the western psyche, such that when the coronavirus made it to European and North American shores, the public was already conditioned to expect a Chinese-style response from their own governments. Not surprisingly, this is exactly what they got and, in fact, it was what they demanded.

On 12 March, British Prime Minister Boris Johnson called an emergency press conference where he took to the podium, flanked by his two leading science advisors, Sir Patrick Vallace and Chris Whitty, who proceeded to explain the government plan of action which was centred around the commonly known epidemiological concept of “herd immunity.” Their strategy was a familiar one because it has been the orthodoxy in modern epidemiology – allow a virus to go through approximately 60-80% of the population in order to achieve herd immunity, naturally extinguishing the virus in a single season.

But Johnson made the fatal error of grossly overestimating the death rate at 1% of the total infected, an estimate that would have left the country with some 52 million infected and 500,000 fatalities. Of course, in hindsight, these numbers were pure fiction, but at the time everyone was so enveloped in fear that they believed the ‘experts’. Nonetheless, the herd immunity approach was more or less identical to the ‘no lockdown’ approach taken by European countries Sweden and Iceland, as well as Belarus, Mexico, and Japan. This would entail standard random sample testing nationally and for those exhibiting COVID-19 symptoms. The elderly and vulnerable people would be told to self-isolate for a period of time while studies were conducted.

‘Plan A’ didn’t last long. On 24 March, Johnson appeared on national TV, this time without his science team, to announce a nationwide lockdown – an effective shutdown of society and most of the country’s economy. The UK was now following fellow NATO member states France, Italy, Spain and others, which had already imposed draconian national lockdowns, including strict new ‘social distancing’ guidelines preventing people from being together.

It appeared that Johnson’s sudden 180º degree turn was prompted in part by an alarmist report generated by one of the government ‘expert’ teams at Imperial College London, led by controversial computer modeler Neil Ferguson who was previously responsible for the 2001 ‘Foot and Mouth’ crisis, a debacle which ended in the unnecessary culling of some six million livestock in Britain.

This time, Ferguson and his team worked their modelling magic to come up with an estimated half a million coronavirus deaths if the government did not implement “very intense social distancing and other interventions now in place.”

While the figure was completely fictional, the media seized on it, as did government officials, which fuelled fear and panic across Britain’s government-media complex. Frightened and unsure, the public accepted the authoritarian measures, but the government never gave an end date to the quarantine; it was left open-ended at the discretion of the government’s scientific coterie.

Once that bubble of fear had been sufficiently inflated, a medieval-style lockdown was a fait accompli in numerous countries including Australia and New Zealand. The impact of a full national quarantine is yet unknown, but it’s already becoming clear that it will be nothing short of cataclysmic for those countries who agreed to the voluntary self-destruction of their economies and the indefinite suspension of democracy.

It’s worth noting this isn’t the first time the United Nations, the World Health Organization (WHO), and Imperial College tried conjuring a global panic over a flu virus. Back in 2005, the “range of deaths,” the UN warned of bird flu virus H5N1, “could be anything between five and 150 million.” Officials even drafted in Imperial’s most reliable doomsayer, Neil Ferguson, to help come up with another completely fictional death toll of 200 million people. His high school level math equation was breathtaking in its over-simplicity:

“Around 40 million people died in the 1918 Spanish flu outbreak,” said Prof. Ferguson. “There are six times more people on the planet now so you could scale it up to around 200 million people probably.”

That doomsday prediction led to the culling of tens of millions of birds in Southeast Asia, but the pandemic never really materialised. In the end, human fatalities numbered in the hundreds worldwide. It was a non event.

Similar unremarkable numbers followed the global hype over the H1N1 swine flu in 2009. Thanks to the work of investigative journalist Sharyl Attkisson, the Center for Disease Control (CDC) in the US was caught over-inflating the number of cases – a fraudulent move that had grave implications for government policy and stoking unfounded public fear.

With COVID-19, the globalist medical industrial complex, led by WHO, hoped to repeat the previous public relations campaigns by hyping the novel coronavirus as the next Spanish Flu. This time they were given an extraordinary opportunity thanks to China which put on an incredible media performance and ‘show of strength’ in the month of January by ‘locking down’ Wuhan – inspiring western and other leaders to try the same big government approach.

However, the results would turn out economically disastrous for western ‘lockdown’ countries.

Economic Collapse

All of this is certain to trigger a protracted global recession marked by at least 12 months of negative growth, with economic and social displacement the likes of which the world has never seen before. The decision by countries like the UK, France, Italy, Canada, Australia, New Zealand and the US to voluntarily implode their economies and place most of their populations under house arrest will have a lasting impact not only on national economies but also the global economy for years to come.

In terms of scale, the damage caused to markets and industry has already surpassed the 2008 financial crisis by orders of magnitude, and there’s no end in sight.

To ‘fight the coronavirus’ governments have imploded their real economies and replaced them with nationalised pools of finance earmarked for each section of the economy. This emergency transformation is the same as a wartime mobilisation of an economy, with a heavy focus on the medical and pharmaceutical industrial complex, the military, and selected corporate partners hand-picked by the state. This hard fusion of state and corporate interests is classic corporatism or fascism. In this brutal and constrained environment, these are some of the only institutions strong enough to remain viable.

The net effect of immediately putting millions of workers onto government welfare rolls and pushing hundreds of thousands of small-to-medium-sized businesses (SMEs) into bankruptcy will be the largest consolidation and transfer of wealth in modern history. Those with enough capital to ride out the crisis will be able to buy-up companies, and even whole industries, for literally pennies on the dollar. Monopolies like Amazon, Google and telecoms giants will consolidate and solidify their market shares as competitors gradually die off and are swallowed-up in receivership. Formerly independent contractors will now be reliant on government assistance, as will any business qualifying for government ‘relief’ grants and loans. Large corporations will now have governments covering the cost of their payrolls for the duration of the crisis.

There is no semblance of any discernible sound economic model to describe what is now happening with government printing up record amounts of money to cover the enormous cost of the shutdown. For a wealthy country like the US, the Federal Reserve Bank will simply go into overdrive, creating trillions of dollars to be released through various ‘stimulus plans’ and bailouts. The New York Fed is now pumping trillions of new dollars into banks, with the Fed also issuing ‘bridge’ loans directly to businesses. This never happened before in history. The US is also buying up unprecedented amounts of corporate stock in order to keep Wall Street afloat. With these levels of quantitative easing, there are risks of hyperinflation and other systemic problems. This may be coupled with higher food prices due to supply shortages, and stagnant wages due to a glut in the labour market after the government’s domestic scorched earth economic policies. The end result of all these bailouts (if they ever end) will be exactly as with any war in history: a rapid wholesale transfer of power, control and ownership into centralised government and the central banking cartel.

For individuals and families, this means your savings are wiped-out, your property collapses in value, and your future prospects are dim, at least in the short to midterm, and you will have no choice but to load up on personal and family debt to survive.

Before this crisis, we saw the largest wealth gap in modern history since the Gilded Age (1870–1900), with the richest 1% now owning more than half of the world’s wealth. After the first phase of this crisis, that gap may double or even triple. With SMEs wiped out, the only jobs available will be with the government or with a handful of mega-corporations.

As is often the case after any war, developed and developing countries are likely to become dependent on credit lines from either the International Monetary Fund (IMF) or from the United States itself which will have plenty of dollars and US Treasury bonds for sale or loan at near zero percent interest rates. Plenty of funny money to go around, mostly for the elites.

The shutting down of the world’s airlines – along with biosecurity and financial stagnation hitting certain sections of global trade – will severely injure the dominant system of globalisation. This will no doubt encourage already existing regional trading blocs, like ASEAN in Southeast Asia, and the African Union, leveraging their interests to create more regionalised and resilient trading networks. As physical trade and relations are codified regionally, globalisation will increase in the online digital sphere and with international e-commerce, online learning and social networking.

Now, with massive economic recession, marked by record levels of mass unemployment and debt, the balkanisation of formerly open globalisation routes, combined with a new global veil over scarcity of resources, all under a broad cloak of biological insecurity – the soil is fertile for more dismantling of democracy and a rise in fascist regimes, particularly in the West. The trend was already moving in this direction before the crisis, but now it will only accelerate.

Historically speaking, the scene is now set for another world war in which the winner sets the agenda for a ‘new world order’ going into the 21^st century.

Full Spectrum Dominance: World War Footing

Just as in 1914 and the onset of World War I, the year 2020 will be a major pivot point for the early 21^st century and should be seen as a tangible prelude to a new world war. There are a number of reasons why this is likely.

It is true that you can implement more change in two years of war than you can in twenty years of peace. In the case of the corona crisis, that two years was reduced to two months. Presently, events are being framed by western powers as the “global fight against an invisible enemy,” but the corona crisis has created a number of new paradigms some of which are classic precursors for war. The first and most obvious is the fact that virtually overnight, the western countries, especially NATO member states the United States, United Kingdom and France, have effectively mobilised all aspects of their country’s economy and restructured society to reflect both a wartime economy and a state of martial law. The western bloc countries are now prepared to bunker down for a long war if need be.

The threat of a biological agent presents some serious problems for a globally-embedded military as America’s. Already the US had to cancel major NATO drills in Europe, and pull some of its naval fleet into dock because of the coronavirus and fears of infecting large numbers of military personnel. Other countries may have similar issues. In this sense, the disease has severely slowed fighting across the world – one of the more unexpected, albeit welcome, tertiary benefits of the crisis.

The western powers first obvious choice for instigating either a hot or cold war is China, along with its allies. When US President Donald Trump refers to COVID-19 as “the Chinese virus,” he is signalling to his base and to the war hawks in the Republican Party that the White House is preparing a confrontation. Anti-Chinese rhetoric and media propaganda has increased substantially in the US since the onset of the corona crisis, with many Americans, particularly the right-wing, now blaming the Chinese for releasing this pestilence into the world.

After a few more months of economic destruction, social malaise and an increasing death toll in the US, the new ranks of unemployed will be demanding a scapegoat for their terrible suffering, at which time a war with China could become more viable for Washington. This could take the form of an on-off, hot-cold war which lasts for 30 or 40 years, and pulls in other major powers using proxy battlegrounds in third party countries.

For the US empire, one primary objective in confronting China would be to disrupt and possibly derail Beijing’s historic infrastructure and economic development known as the Belt and Road Initiative, designed to link Europe with Asia along various routes over land and sea. If successful, the global centre of gravity would shift away from the US and back towards Eurasia. In the event of a global depression post-corona, the US is geopolitically well-placed to weather the storm as it commands the control of both the Atlantic and Pacific oceans. China’s Belt and Road would effectively upend Washington’s plans for Fortress America lording it over all global markets during this new tumultuous epoch.

In some ways, the crisis has disrupted the emergence of a new multipolar world, but the imperative for multipolarism may also be propelled by the economic balkanisation and the fact that the US will continue withdrawing its military assets from stalwart outposts like the Middle East. Any US withdrawal from the world stage will be filled by other emerging powers like Russia, India, Turkey and possibly Japan. Many of these emerging powers require resources and materials, so the scramble to establish trading routes in Africa will be a post-corona feature.

The corona crisis also provides a convenient cover for the aggressive roll-out of 5G networks around the world. These look to be the backbone of a new global surveillance state able to track and record everything in real-time. Along with millions of masts in towns and cities, the network will also feature an array of new satellites with the potential to flood our atmosphere and communities with even more untested high-frequency radiation.

One World Health & Medical Martial Law

The current ‘state of war’ extends internationally with blanket travel restrictions already in place. There looks to be a rapid drive to institute a streamlined global system of mandatory digital tracking and tracing, implemented under the auspices of ‘global health’ and spearheaded by the World Health Organization (WHO). They are joined by participating governments and the transnational corporations that will roll out these new ‘health surveillance’ systems.

The real question that remains unanswered is what will happen once all the ‘lockdown’ measures are relaxed, and international air travel opens up again?

There are already noises coming from governments and organisations about requiring citizens to pass some form of ‘immunity test’ for COVID-19 to be granted freedom of movement within society by carrying an ‘immunity passport’ or digital certificate stored on a microchip or smartphone.

This dovetails with the rapid drive for a cashless society as a result of the corona scare. Due to corona contagion fears, paper money and coins are being stigmatised as ‘dirty’ with many retail outlets refusing to accept cash. Once this system is adopted domestically, it follows that these same restrictions will be extended to international travellers. Needless to say, this has grave implications for personal liberty and privacy. At present, this juggernaut seems difficult to stop.

If allowed, this new bio regime will become the de facto governance for the world’s population. Microsoft founder Bill Gates (net worth $97.8 billion) has called for a national vaccine tracking system in the US, funded in part by an estimated $100 million he and his wife Melinda’s Gates Foundation have donated to fight the coronavirus to discover ‘a fix’ as quickly as possible. Gates is already heavily invested in vaccine research, development and production and, with his wife, they are a primary driver in the proliferation of vaccines globally. Gates says he will front the investment for seven new vaccine factories around the globe, and as he told Daily Show host Trevor Noah during an interview on 2 April, “until we get the world vaccinated.”

Clearly, he has a vision for vaccinating every person on the planet, presumably for the coronavirus, or until the next big ‘outbreak’. “The only thing that really lets us go back completely to normal and feel good about sitting in stadiums with lots of other people is to create a vaccine and not just take care of our country but take that vaccine out to the global population,” said Gates.

From oligarchs like Gates, the transnational pharmaceutical corporations, and the government officials in their pocket, the warning is clear: you will not be permitted to resume ‘normal life’ until you accept the latest vaccine. And do not expect the list of newly required vaccinations to end with the novel coronavirus. Once this first precedent is set, countries dependent on international travel and trade will be forced to adopt the regulatory framework of this new ‘one world health’ security complex. The trail is then blazed for a constant stream of vaccine requirements to ‘fight’ various and sundry outbreaks and ‘biothreats’, be they real, exaggerated or completely fabricated. This could be another disruptive force going forward.

Combine this with naked authoritarian statements made by other self-appointed corona tsars like Dr Michael Ryan, Executive Director of WHO, who recently remarked that members of families may need to be removed from their homes by force. “Most of the transmission actually happening in many countries now, is happening in the household at family level…. In some sense, transmission has been taken off the streets and pushed back into family units. Now, we need to go and look at families to find those people who may be sick and remove them, and isolate them in a safe and dignified manner,” said Ryan.

The obvious danger here is that this new state-corporate regime will discriminate against and marginalise citizens based on their immunity records, requiring them to take a new vaccine to receive rights and privileges. This would be a complete abrogation of personal liberty and human rights, effectively turning the clock back hundreds of years – all based on what many leading doctors and epidemiologists agree is no more of a significant public health threat, in terms of infections and fatalities, than seasonal influenza.

A COVID Green New Deal?

One of the clear main political beneficiaries of a COVID-19 global shutdown has been the climate change lobby.

By forcibly shutting down millions of businesses and pulling tens of millions of cars off the road and grounding world commercial airlines, the crisis has delivered young Greta Thunberg the evidence she and her supporters need to demonstrate the virtues of a net zero carbon world in a real-life simulation.

This will also accelerate the adoption of a so-called ‘Green New Deal’ internationally, which may have less to do with saving the environment or ‘changing the climate’, and more to do with the creation of new global financial bubble based on the commodification and financialisation of Earth’s ecosphere. This is essentially a new ‘green-backed’ and fully tradeable monetary credit, bond and derivatives market.

Greta didn’t appear out of nowhere in 2018. She and her handlers have been tasked with a mission, and now in just three weeks they are very close to realising large pieces of their agenda, which also dovetails with UN Agenda 2030 sustainability goals.

Who’s Winning: Globalism or Nationalism?

Another unexpected byproduct of this crisis has been a number of European Union member states kicking Brussels to the curb, either for not reacting fast enough to help, or simply for not releasing enough funds for struggling public institutions and businesses. As a result, countries like Italy and Poland are exerting their nationalist power over Brussels’ relatively weak and ineffectual response to requested assistance from members states.

At the same time, this new global control grid lends itself towards the implementation of a world government structure to be used to fund an international regime that regulates and adjudicates problems, as well as manage future ‘outbreaks’. In late March, former British PM and Chancellor, Gordon Brown, called for world leaders to create a provisional global government body in order to tackle the coronavirus pandemic and manage the global economic collapse.

Whatever geopolitical and social engineering agendas were already in motion before the crisis, you can be sure that the coronavirus has accelerated many of them.

In terms of power-grabs, this is the embodiment of “never let a good crisis go to waste.”

Oh, and don’t forget –it’s really all about saving lives.

Note to readers: please click the share buttons above or below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

Patrick Henningsen is the founder and editor of the news and analysis website 21st Century Wire, and is an independent foreign and political affairs analyst for RT International. He is also the host of the SUNDAY WIRE radio program which airs live every Sunday on the Alternate Current Radio Network. Learn more about this author at: http://www.patrickhenningsen.com

Notes

1. Professor who predicted 500,000 Britons could die from coronavirus and prompted Boris Johnson to order lockdown accused of having ‘patchy record of modelling pandemics’, http://www.dailymail.co.uk/news/article-8164121/Professor-predicted-500-000-Britons-die-coronavirus-accused-having-patchy-record.html

2. Return of the oppressed, aeon.co/essays/history-tells-us-where-the-wealth-gap-leads

3. Is an ‘immunity certificate’ the way to get out of coronavirus lockdown?, edition.cnn.com/2020/04/03/health/immunity-passport-coronavirus-lockdown-intl/index.html

4. The first steps after lockdown ends: How will Spain return to normal life?, english.elpais.com/society/2020-04-05/the-first-steps-after-lockdown-ends-how-will-spain-return-to-normal-life.html

5. Bill Gates Calls For National Tracking System For Coronavirus During Reddit AMA, www.forbes.com/sites/mattperez/2020/03/18/bill-gates-calls-for-national-tracking-system-for-coronavirus-during-reddit-ama/

6. Bill Gates on Fighting Coronavirus – The Daily Social Distancing Show (YouTube), www.youtube.com/watch?v=iyFT8qXcOrM

7. The coronavirus is washing over the U.S. These factors will determine how bad it gets in each community, www.statnews.com/2020/04/01/coronavirus-how-bad-it-gets-different-communities/

8. Gordon Brown calls for global government to tackle coronavirus, www.theguardian.com/politics/2020/mar/26/gordon-brown-calls-for-global-government-to-tackle-coronavirus

THE SEVEN REASONS WE OBEY AUTHORITY

Posted on September 20, 2020 by Reid Mukai

By Phillip Schneider

Source: Waking Times

Rebels are a very important part of society, but they rarely get the recognition they deserve. They help us break through old norms and keep us from falling into groupthink. However, human nature urges most of us to remain in our comfort zone even when it means less freedom or more difficult problems down the road.

Why is it the case that so many people ignore the outside world or pass it off as somebody else’s problem until it reaches their own doorstep? In a recent video, Brittany Sellner (Brittany Pettibone before she married) describes the seven reasons men obey authority, even when it is against their best interest.

#1 Habit

“As everybody knows, habits are extremely difficult to break and even if we have gripes about the state of things, accepting our imperfect reality seems better to us than taking on the daunting prospect of change. Conversely… habit ceases to be a reason for obedience in times of political crisis; kind of similar to what we are experiencing now as a consequence of Covid. Despite many of us not wanting to alter our habits, our habits were forcibly altered for us.”

#2 Moral Obligation

“The second reason for obedience is moral obligation which is obviously a motive that is very often found in religion, but politically speaking… some see it as a moral obligation to ‘1) obey for the good of society,’ 2) ‘due to the ruler having superhuman factors such as being a supernatural being or a deity,’ which isn’t something that I think applies to too many Americans… 3) People see it as a moral obligation to obey because they ‘perceive the command as being legitimate, owing to its source an issuer’. For example, a mayor or a police officer [would be considered under this reason], and 4) People see it as a moral obligation to obey due to ‘conformity of commands to accepted norms.’ For example, most people believe that a command such as not committing murder is a moral command and therefore, they obey it.”

#3 Self-Interest

“The third reason for obedience is self-interest and this is perhaps one of the more common motives nowadays. For example, most big corporations are immoral and seek to piggy-back off of current social and political trends in order to gain money, status, and approval. Just look at all the corporations that suddenly became ‘champions of social justice’ after the death of George Floyd; none of them gave a crap about police brutality and Black Lives Matter until it became in their interest to care.

This self-interest can of course also extend to individuals. Famous and non-famous people have a lot to gain by falling in line, or… there is also a negative self-interest wherein the person doesn’t obey simply because they’re going to gain something but so they won’t lose everything: their reputations, jobs, social standing and future career prospects.”

#4 Psychological Identification with the Ruler

“The fourth reason for obedience is psychological identification with the ruler, meaning that people have a close emotional connection with the ruler, regime, or the system. I imagine you would have encountered a lot of this in, for example, Communist Russia or Nazi Germany.”

#5 Zones of Indifference

“The fifth reason for obedience is an extremely common one today and that is ‘zones of indifference,’ meaning that even if people are not fully satisfied with the state of things, they have a margin of indifference or a margin of tolerance for the negative aspects of their society and government.”

#6 Fear of Sanctions

“The sixth reason for obedience is the most obvious reason… and that is ‘fear of sanctions,’ which generally involve the threat or the use of some form of physical violence against the disobedient subject and induce obedience by power merely coercive, a power really operating on people simply through their fears.”

#7 Absence of Self Confidence

“Lastly, the seventh and final reason for obedience is the absence of self confidence among subjects, meaning that many people simply don’t have sufficient confidence in themselves, their judgement, and their capacities to make themselves capable of disobedience and resistance.

Thanks to the internet, I observe this motive quite often. Thousands of people decry on the daily that they’re miserable with the state of things and yet they do nothing because they have no confidence in their personal ability to lead, to organize a peaceful protest, to start a movement and so on.”

Although authority can be legitimate and meaningful, resistance to unnecessary acts of violence or draconian government injustice is often better for the individual and his society and shows greater character than inaction. Although this is certainly not a comprehensive list, perhaps it will help you to better understand your own role in life and greater society.

Watch Brittany Sellner’s analysis on BitChute

An Unprecedented 1,640 CEOs Departed in 2019; Now Execs Are Dumping Stock at Highest Pace Since 2006

Posted on September 18, 2020 by Reid Mukai

By Pam Martens and Russ Martens

Source: Wall Street on Parade

A rather fascinating picture is emerging that suggests that things were not as rosy in the U.S. economic landscape prior to the pandemic as President Donald Trump and his Director of the National Economic Council, Larry Kudlow, would have the public believe.

Challenger, Gray & Christmas, Inc. has been tracking CEO departures for the past 12 years. Its Vice President, Andrew Challenger, called the numbers for 2019 “staggering.” It was the highest number since their surveys began in 2002. A total of 1,640 CEOs headed for the exits last year. That was 156 more CEOs than those who left their post in 2008 – the year that Wall Street blazed a scorched earth trail through the U.S. economy.

The number of CEOs that did not leave on their own accord last year was 101 out of the 1,640. According to the study, 15 CEOs left over allegations of professional misconduct; 20 left amid a scandal, “typically under investigations for financial wrongdoing or other legal issues”; 24 saw their positions terminated; 39 left due to a merger or acquisition; 3 left due to bankruptcy.

CEOs of old, established companies have the clearest view of what is happening in the overall economy. They can compare sales growth to prior years and prior decades. They can spot negative or positive trends in the economy far ahead of the economic reports that the federal government releases to the public.

When an outsized number of CEOs decide to cash out their stock options, grab their golden parachutes, and flee their corner offices – something smells.

On top of that fishy smell comes a report from TrimTabs Investment Research that corporate insiders have reaped more than $50 billion in stock sales since May, putting insider selling on a pace not seen since 2006 – two years before the stock market and economic crash of 2008.

The above two reports on corporate executive behavior are compatible with Wall Street On Parade’s reports that show that the current financial crisis began in the fall of 2019 – months before the first case of COVID-19 had emerged anywhere in the world. What triggered the financial crisis? The same kind of liquidity crisis on Wall Street that ushered in the crisis of 2008. (See Wall Street’s Financial Crisis Preceded COVID-19: Chart and Timeline and our archive of more than 100 articles on the financial crisis of 2019/2020 here.)

Why does it matter when the financial crisis began? It’s critically important for the following reasons.

First, the U.S. national debt has exploded to $26.69 trillion. To wrap your mind around this explosion of the national debt, you need some historical perspective. At the beginning of the Bill Clinton Presidency in January 1993, the U.S. national debt stood at $4 trillion. At that point, the United States was more than 200 years old. During that 200 years, the U.S. had financed the Revolutionary War, the Civil War, World Wars I and II and the Vietnam War. The country had also been through the greatest economic collapse in its history, the Great Depression, which required a multitude of fiscal spending programs.

It took more than two centuries for the U.S. national debt to reach $4 trillion but in just the past 27 years the national debt has grown by more than $22 trillion – more than a five-fold increase in less than three decades.

This staggering amount of debt puts the nation at risk of a future credit downgrade and cripples its ability to adequately deal with the financial struggles of its citizens during the worst health and financial crisis in a century.

One of the key reasons for this mushrooming debt was the Wall Street financial crisis of 2008 which required massive fiscal spending to keep the economy from sinking into a depression.

But no serious steps were taken by Congress to reform Wall Street. Derivatives remain largely unregulated. Dark Pools are still trading in darkness. Wall Street continues to pay credit rating agencies to rate their toxic debt piles. Off balance sheet casinos run rampant at the largest Wall Street banks. Obscene pay for performance via stock options continues to incentive CEOs and CFOs to massage earnings.

The biggest unaddressed problem is the critical need to restore the Glass-Steagall Act. All of the dangers cited above can, and do, bring down an entire financial institution as we learned in 2008. But with the restoration of the Glass-Steagall Act, the giant, federally-insured, deposit-taking banks would be completely separated from the Wall Street casino investment banks.

This handful of mega banks that hold the majority of deposits in this country are too critical to keeping credit flowing to businesses and consumers to be run by the Wall Street bet-the-ranch mentality. These banks are simply too big to be bailed out again.

When Citigroup was disintegrating from all of the evils mentioned above from 2007 to 2010, this is what it took to resuscitate its sinking hull: $45 billion in capital infusions from the U.S. Treasury; over $300 billion in asset guarantees from the federal government; the Federal Deposit Insurance Corporation (FDIC) guaranteed $5.75 billion of its senior unsecured debt and $26 billion of its commercial paper and interbank deposits; and the Federal Reserve secretly, with no authorization or even awareness of Congress, made a cumulative $2.5 trillion in below-market rate loans to Citigroup from 2007 through at least the middle of 2010, according to an audit by the Government Accountability Office (GAO).

And, finally, acknowledging that this latest financial crisis began prior to the pandemic shines a bright light on the incompetency of the Federal Reserve to manage these Wall Street behemoth banks. It’s simply an insane regulatory model to have a bank regulator with the ability to create money out of thin air that can secretly create and spend $29 trillion bailing out the banks to cover up its own incompetency. That’s what happened from 2007 to 2010 and is in the process of happening again. (See The Fed Has Pumped $9 Trillion into Wall Street Over the Past Six Months, But Mnuchin Says “This Isn’t Like the Financial Crisis”.)

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