Pages purged by Facebook were on blacklist promoted by Washington Post

By Andre Damon

Source: WSWS.org

Media outlets removed by Facebook on Thursday, in a massive purge of 800 accounts and pages, had previously been targeted in a blacklist of oppositional sites promoted by the Washington Post in November 2016.

The organizations censored by Facebook included The Anti-Media, with 2.1 million followers, The Free Thought Project, with 3.1 million followers, and Counter Current News, with 500,000 followers. All three of these groups had been on the blacklist.

In November 2016, the Washington Post published a puff-piece on a shadowy, and up to then largely unknown, organization called PropOrNot, which had compiled a list of organizations it claimed were part of a “sophisticated Russian propaganda campaign.”

The Post said the report “identifies more than 200 websites as routine peddlers of Russian propaganda during the election season, with combined audiences of at least 15 million Americans.”

The publication of the blacklist drew widespread media condemnation, including from journalists Matt Taibbi and Glenn Greenwald, forcing the Post to publish a partial retraction. The newspaper declared that it “does not itself vouch for the validity of PropOrNot’s findings regarding any individual media outlet.”

While the individuals behind PropOrNot have not identified themselves, the Washington Post said the group was a “collection of researchers with foreign policy, military and technology backgrounds.”

PropOrNot, which remains active on Twitter, publicly gloated about Facebook’s removal of the pages. “Russian propaganda is VERY VERY MAD about their various front outlets & fellow travellers getting suspended by @Facebook &/or @Twitter.” The tweet tagged The Anti Media and The Free Thought Project, and included a Russian flag emoji next to an emoji depicting feces.

PropOrNot did not attempt to reconcile its own narrative that the targeted organizations were front groups for the Kremlin with Facebook’s official claim that they operated independently of any government, but instead sought to “stir up political debate” for financial motives. This is because both accusations are hollow pretexts for political censorship.

In a separate post, Propornot added: “Well, look at that… @Facebook removed some of the most important gray/black Russian propaganda outlets from their platform! Bravo @Facebook – better late than never, so a BIG thank you for this.”

It added, ominously: “All of these [organizations] are cross platform & have websites, but one thing at a time.”

These comments by PropOrNot make clear where the US government’s censorship measures are going. While these organizations still “have websites,” the authorities are handling “one thing at a time.”

The clear implication is that censorship will not end with Google’s search platform or the removal of accounts by Facebook and Twitter. The ultimate aim is the total banning of oppositional news web sites.

The publication of the PropOrNot blacklist and its promotion by the Washington Post helped trigger a wave of censorship measures against oppositional news sites by the major technology companies, working at the instigation of the US intelligence agencies and leading politicians.

Last Year, the World Socialist Web Site reported that many of the sites, including Global Research, Counterpunch, Consortium News, WikiLeaks, and Truth-out saw their search traffic plunge after search giant Google implemented a change to its search ranking algorithm.

In the subsequent period, search traffic to these sites has fallen even further. Search traffic to Counterpunch has fallen by 39 percent, and Consortium News has fallen by 51 percent.

These developments confirm the analysis made by the World Socialist Web Site in its open letter to Google alleging that it was censoring left-wing, anti-war and socialist websites.

“Censorship on this scale is political blacklisting,” the letter declared. “The obvious intent of Google’s censorship algorithm is to block news that your company does not want reported and to suppress opinions with which you do not agree. Political blacklisting is not a legitimate exercise of whatever may be Google’s prerogatives as a commercial enterprise. It is a gross abuse of monopolistic power. What you are doing is an attack on freedom of speech.”

On Tuesday, Google admitted that it and other technology companies had “gradually shifted away from unmediated free speech and towards censorship and moderation.” The document admitted that an aim of carrying out censorship was to “increase revenues” under conditions of growing government and commercial pressure.

The document acknowledged that such actions constitute a break with the “American tradition that prioritizes free speech for democracy.”

Saturday Matinee: The Man Who Fell to Earth

“The Man Who Fell to Earth” (1976) is a British science fiction film directed by Nicolas Roeg, written by Paul Mayersberg, and based on Walter Tevis’s 1963 novel of the same name. David Bowie (in his first feature film role) stars as an extraterrestrial who crash lands in New Mexico while on a mission to save his home planet. Going by the name of Thomas Newton, he soon meets Oliver Farnsworth (Buck Henry), Mary-Lou (Candy Clark) and Dr. Nathan Bryce (Rip Torn), who become his closest allies. Due to personal and professional betrayals, Newton’s secret is revealed and he’s captured by a government agency. While imprisoned he’s subject to tortuous medical tests which break his spirit, replacing his more “alien” personality traits with those of a modern American.

In Philip K. Dick’s novel VALIS, fictionalized versions of Dick and K. W. Jeter become obsessed with Valis, a film starring musician Eric Lampton. This plot element was based on Dick and Jeter’s real obsession with The Man Who Fell to Earth.

Watch the full film here: https://m2m.tv/watch/the-man-who-fell-to-earth/films

 

Anti-Defamation League, Facebook, Google & Youtube Appoint Themselves As Official Internet Censor

By Richard Enos

Source: Collective Evolution

If you are reading this, that means that articles that speak against the activities of the Anti-Defamation League are not being automatically scrubbed from the internet.

Yet.

In a foreboding sign that the free expression of opinion on the internet is too much of a threat to the powerful elite of our society, the Anti-Defamation League is leading the charge in turning their own subjective opinions on ‘hate speech’ into the absolute rule of Internet law. As this Cnet article reports,

FacebookTwitterGoogle and Microsoft, among others, are joining with the ADL to form a Cyberhate Problem-Solving Lab, the companies and the civil rights group said Tuesday. They’ll exchange ideas and develop strategies to try to curb hate speech and abuse on the companies’ various platforms and across the internet.

“These companies have an added responsibility to do everything within their power to stop hate from flourishing on their watch,” ADL CEO Jonathan Greenblatt said in a statement. “We look forward to tackling this pressing challenge together.”

Wow. A Cyberhate Problem-Solving Lab. What heroes of selfless service to humanity.

Like Monika Bickert, Facebook’s head of global policy, who said in a statement that “some of the best minds in engineering will work alongside the ADL to help us rise to the occasion.” What occasion? The threat of the power that the proliferation of free speech on the internet is giving to individual human beings fighting for truth and justice.

Who Died And Made Them King?

It is disconcerting to me that we are moving into a time where a once free and neutral internet has suddenly come more and more under the control of powerful dictatorial forces. Yes, dictatorial. The ADL is marching into the internet cyberscape with the sense of entitlement to DICTATE what should and shouldn’t be said by the rest of us. Doesn’t this mimic that actions of a certain dictator from the past that the ADL would claim to have been zealously opposed to? (I won’t name names for fear of triggering some sophisticated ADL-Google-keyword-cyber-censoring mechanism).

The obvious fact is that the cabal of organizations that will be sitting down at the Cyberhate Problem-Solving Lab will likely make little mention of the impact of cyber-bullying and online hate speech on human individuals. They will be more prone to focus on how to continue hiding crimes against humanity perpetrated by the global elite since time immemorial, crimes like massive fraud, slavery, pedophilia, torture, and murder. And why would these organizations be motivated to hide these crimes? Because they are now controlled by the very global elite who are perpetrating them in the first place.

The War On Hate

The whole narrative of a group that self-identifies as having the authority ‘to curb hate speech and abuse’ on the internet is deeply flawed and even hypocritical. And employing tactics in the same mold as the failed wars on drugs, cancer, and terrorism further gives them away. These are nothing more than tactics of obfuscation of what is really going on.

Human growth is not advanced by attempts to stifle, destroy, or eradicate darkness. As I discussed in my article ‘Let’s Discard The ‘Right’ To Be Insulted By Free Speech,’ we do not evolve by stopping people from expressing any hatred or other negative emotions that are deep inside them, we evolve by allowing people to express themselves freely and becoming immune to their ‘offensive’ remarks by learning not to take them personally.

Hate speech in itself cannot demean the object of hatred, it only reveals the unhealed emotions of its source. And the more we allow these unhealed emotions a chance to be let out, the more space we create for personal and collective healing.

In that regard, attempts to actually do something positive about human hatred through censorship is at best naive, and in most cases like this one, it turns out to be a vehicle of domination for those who would wish to maintain and expand control over information and the self-expression of individuals.

The Need To Move Off These Platforms

The ADL aside, internet corporations like Facebook that continue to delve more deeply into censorship are playing a bit of a risky game. Perhaps many of them feel that they are ‘too big to fail,’ in the sense that they believe they are too essential to the lives of most people to suddenly get abandoned en masse. Perhaps, for now, that is true. But I’m not sure that they should really be messing with an Awakening Community that is growing larger by the heartbeat.

Mother Jones Writer Shows What Happens When You Apologize To A Manipulator

By Caitlin Johnstone

Source: CaitlinJohnstone.org

Have you ever noticed how rare sincere apologies are in politics? I’ve been thinking about this a lot lately. Normal people apologize to each other every day, for accidentally interrupting someone or standing in their way, for being inconsiderate or forgetful, for being unable to satisfy a customer’s needs; it’s just a part of life we take for granted at work and at home. But in the highest levels of the most powerful governments on earth, where thousands of human lives can be snuffed out by a single unwise decision and ecosystems and economies destroyed on a whim, apologies are almost unheard of. You only ever see them when a leader is cornered in a complete political checkmate with no other options available to them.

This is because the highest levels of the most powerful governments in the world are dominated by highly manipulative people. If you serve truth, humanity and the world, you are almost certainly delightful to be around and you will almost certainly never have a career in federal politics. The system is set up to serve a ruling class of plutocrats and their lackeys, so the way to get to the top of the political ladder is in the exact opposite direction of serving the weak and defenseless and being truthful and compassionate. To win elections you first need to win the blessing of the ruling class, and the way to do that is by kissing the right asses while regurgitating the right sound bytes whenever the cameras are rolling.

This is why all the top career politicians all seem so fake; the Hillary Clintons, Ted Cruzes and Nancy Pelosis didn’t get to where they’re at by serving truth and justice, they got there by manipulating and deceiving in the service of the powerful. They are not interested in honesty and sincerity, they are interested in getting up another rung on the ladder.

Anyone who has ever had a close relationship with someone who is highly manipulative has probably noticed how they never apologize for anything if they can avoid it, but if you apologize to a manipulator for something they will never, ever let you forget it and will bring it up any time you step out of line. For normal, empathetic people, apologies are a way to improve relations with each other and avoid hurting one another in the future; they’re a way of saying “I understand that I did a thing that hurt you, and I’ll try really hard not to do it again in the future.” Narcissists, sociopaths, psychopaths and other chronic manipulators don’t see them that way, since they don’t care if they hurt other people and only care about getting what they want. For a manipulator, an apology is a weapon to use against the person making it, which is why you never see them making apologies of their own.

https://twitter.com/shane_bauer/status/1046797311152599040

https://twitter.com/shane_bauer/status/1046798472765046784

https://twitter.com/shane_bauer/status/1046801154812739585

https://twitter.com/shane_bauer/status/1046802456942862336

Comedian and activist Jimmy Dore published a sincere, heartfelt apology today to Mother Jones senior reporter Shane Bauer and comedian/progressive media personality Francesca Fiorentini for some Twitter drama, because that’s what normal human beings do when they regret a transgression they feel they’ve made against someone else. Fiorini responded to Dore’s apology the way normal human beings do, tweeting, “Thanks for this Jimmy. I hope we can begin to patch things up.” Bauer responded to Dore’s apology by tweeting a six-part rant calling for Dore’s termination from The Young Turks and smearing him with a litany of other accusations which have nothing to do with Bauer.

One of these folks is not like the others.

Bauer is one of the most virulent proponents of pro-regime change narratives against the Syrian government, aggressively smearing and attacking anyone who questions official allegations leveled by the US-centralized empire against Iraq’s next-door neighbor. Earlier this year he called on blogging outlet Medium to ban me from its platform for my opposition to regime change interventionism in Syria, tweeting after the deplatforming of a few right-wing writers that “If @Medium is serious about cracking down on conspiracy theorists, it needs to go beyond the alt-right and reign in the garbage published on Syria by people like @caitoz.”

Following widespread public criticism from the left, Bauer then deleted his tweet without retraction and, you guessed it, without apology.

I certainly don’t fault Dore for responding to Bauer the way a normal human being responds to other normal human beings. But Shane Bauer, like other war propagandists, is not a normal human being. Deliberately manipulating people in the service of warfare and imperialism is not a normal thing to do, and it’s not something a healthy empathic person would ever think to do.

In a healthy world, which I firmly believe we are capable of creating, the psychological manipulation of others will be regarded as a perverse intrusion into personal sovereignty and rejected with the same ferocity you’d reject a stranger attempting to insert things into your body. Psychologically manipulating people is unhealthy and immoral, and manipulating them to advance the interests of war profiteers and secretive intelligence/defense agencies is pure evil.

Jimmy Dore did us all a favor by attempting to relate to Shane Bauer like a normal human being, because one of the best ways to get a manipulator to show you what he’s made of is to apologize to him and watch what happens. Learn to spot the manipulators.

 

 

Empire of Lies: Are ‘We the People’ Useful Idiots in the Digital Age?

By John W. Whitehead

Source: The Rutherford Institute

“Back in the heyday of the old Soviet Union, a phrase evolved to describe gullible western intellectuals who came to visit Russia and failed to notice the human and other costs of building a communist utopia. The phrase was “useful idiots” and it applied to a good many people who should have known better. I now propose a new, analogous term more appropriate for the age in which we live: useful hypocrites. That’s you and me, folks, and it’s how the masters of the digital universe see us. And they have pretty good reasons for seeing us that way. They hear us whingeing about privacy, security, surveillance, etc., but notice that despite our complaints and suspicions, we appear to do nothing about it. In other words, we say one thing and do another, which is as good a working definition of hypocrisy as one could hope for.”—John Naughton, The Guardian

“Who needs direct repression,” asked philosopher Slavoj Zizek, “when one can convince the chicken to walk freely into the slaughterhouse?”

In an Orwellian age where war equals peace, surveillance equals safety, and tolerance equals intolerance of uncomfortable truths and politically incorrect ideas, “we the people” have gotten very good at walking freely into the slaughterhouse, all the while convincing ourselves that the prison walls enclosing us within the American police state are there for our protection.

Call it doublespeak, call it hypocrisy, call it delusion, call it whatever you like, but the fact remains that while we claim to value freedom, privacy, individuality, equality, diversity, accountability, and government transparency, our actions and those of our government rulers contradict these much-vaunted principles at every turn.

For instance, we claim to disdain the jaded mindset of the Washington elite, and yet we continue to re-elect politicians who lie, cheat and steal.

We claim to disapprove of the endless wars that drain our resources and spread thin our military, and yet we repeatedly buy into the idea that patriotism equals supporting the military.

We claim to chafe at taxpayer-funded pork barrel legislation for roads to nowhere, documentaries on food fights, and studies of mountain lions running on treadmills, and yet we pay our taxes meekly and without raising a fuss of any kind.

We claim to object to the militarization of our local police forces and their increasingly battlefield mindset, and yet we do little more than shrug our shoulders over SWAT team raids and police shootings of unarmed citizens.

And then there’s our supposed love-hate affair with technology, which sees us bristling at the government’s efforts to monitor our internet activities, listen in on our phone calls, read our emails, track our every movement, and punish us for what we say on social media, and yet we keep using these very same technologies all the while doing nothing about the government’s encroachments on our rights.

This contradiction is backed up by a Pew Research Center study, which finds that “Americans say they are deeply concerned about privacy on the web and their cellphones. They say they do not trust Internet companies or the government to protect it. Yet they keep using the services and handing over their personal information.”

Let me get this straight: the government continues to betray our trust, invade our privacy, and abuse our rights, and we keep going back for more?

Sure we do.

After all, the alternative—taking a stand, raising a ruckus, demanding change, refusing to cooperate, engaging in civil disobedience—is not only a lot of work but can be downright dangerous.

What we fail to realize, however, is that by tacitly allowing these violations to continue, we not only empower the tyrant but we feed the monster.

In this way, what starts off as small, occasional encroachments on our rights, justified in the name of greater safety, becomes routine, wide-ranging abuses so entrenched as to make reform all but impossible.

We saw this happen with the police and their build-up of military arsenal, ostensibly to fight the war on drugs. The result: a transformation of America’s law enforcement agencies into extensions of the military, populated with battle-hardened soldiers who view “we the people” as enemy combatants.

The same thing happened with the government’s so-called efforts to get tough on crime by passing endless laws outlawing all manner of activities. The result: an explosion of laws criminalizing everything from parenting decisions and fishing to gardening and living off the grid.

And then there were the private prisons, marketed as a way to lower the government’s cost of locking up criminals. Only it turns out that private prisons actually cost the taxpayer more money and place profit incentives on jailing more Americans, resulting in the largest prison population in the world.

Are you starting to notice a pattern yet?

The government lures us in with a scheme to make our lives better, our families safer, and our communities more secure, and then once we buy into it, they slam the trap closed.

It doesn’t matter whether you’re talking about red light cameras, DNA databases, surveillance cameras, or zero tolerance policies: they all result in “we the people” being turned into Enemy Number One.

In this way, the government campaign to spy on our phone calls, letters and emails was sold to the American people as a necessary tool in the war on terror.

Instead of targeting terrorists, however, the government has turned us into potential terrorists, so that if we dare say the wrong thing in a phone call, letter, email or on the internet, especially social media, we end up investigated, charged and possibly jailed.

If you happen to be one of the 1.31 billion individuals who use Facebook or one of the 255 million who tweet their personal and political views on Twitter, you might want to pay close attention.

This criminalization of free speech, which is exactly what the government’s prosecution of those who say the “wrong” thing using an electronic medium amounts to, was at the heart of Elonis v. United States, a case that wrestled with where the government can draw the line when it comes to expressive speech that is protected and permissible versus speech that could be interpreted as connoting a criminal intent.

The case arose after Anthony Elonis, an aspiring rap artist, used personal material from his life as source material and inspiration for rap lyrics which he then shared on Facebook.

For instance, shortly after Elonis’ wife left him and he was fired from his job, his lyrics included references to killing his ex-wife, shooting a classroom of kindergarten children, and blowing up an FBI agent who had opened an investigation into his postings.

Despite the fact that Elonis routinely accompanied his Facebook posts with disclaimers that his lyrics were fictitious, and that he was using such writings as an outlet for his frustrations, he was charged with making unlawful threats (although it was never proven that he intended to threaten anyone) and sentenced to 44 months in jail.

Elonis is not the only Facebook user to be targeted for prosecution based on the content of his posts.

In a similar case that made its way through the courts only to be rebuffed by the Supreme Court, Brandon Raub, a decorated Marine, was arrested by a swarm of FBI, Secret Service agents and local police and forcibly detained in a psychiatric ward because of controversial song lyrics and political views posted on his Facebook page. He was eventually released after a circuit court judge dismissed the charges against him as unfounded.

Rapper Jamal Knox and Rashee Beasley were sentenced to jail terms of up to six years for a YouTube video calling on listeners to “kill these cops ‘cause they don’t do us no good.” Although the rapper contended that he had no intention of bringing harm to the police, he was convicted of making terroristic threats and intimidation of witnesses.

And then there was Franklin Delano Jeffries II, an Iraq war veteran, who, in the midst of a contentious custody battle for his daughter,shared a music video on YouTube and Facebook in which he sings about the judge in his case, “Take my child and I’ll take your life.” Despite his insistence that the lyrics were just a way for him to vent his frustrations with the legal battle, Jeffries was convicted of communicating threats and sentenced to 18 months in jail.

The common thread running through all of these cases is the use of social media to voice frustration, grievances, and anger, sometimes using language that is overtly violent.

The question the U.S. Supreme Court was asked to decide in Elonis is whether this activity, in the absence of any overt intention of committing a crime, rises to the level of a “true threat” or whether it is, as I would contend, protected First Amendment activity. (The Supreme Court has defined a “true threat” as “statements where the speaker means to communicate a serious expression of an intent to commit an act of unlawful violence to a particular individual or group of individuals.”)

In an 8-1 decision that concerned itself more with “criminal-law principles concerning intent rather than the First Amendment’s protection of free speech,” the Court ruled that prosecutors had not proven that Elonis intended to harm anyone beyond the words he used and context.

That was three years ago.

Despite the Supreme Court’s ruling in Elonis, Corporate America has now taken the lead in policing expressive activity online, with social media giants such as Facebook, Twitter and YouTube using their formidable dominance in the field to censor, penalize and regulate speech and behavior online by suspending and/or banning users whose content violated the companies’ so-called community standards for obscenity, violence, hate speech, discrimination, etc.

Make no mistake: this is fascism.

This is fascism with a smile.

As Bertram Gross, former presidential advisor, noted in his chilling book Friendly Fascism: The New Face of Power in America, “Anyone looking for black shirts, mass parties, or men on horseback will miss the telltale clues of creeping fascism. . . . In America, it would be super modern and multi-ethnic—as American as Madison Avenue, executive luncheons, credit cards, and apple pie. It would be fascism with a smile. As a warning against its cosmetic façade, subtle manipulation, and velvet gloves, I call it friendly fascism. What scares me most is its subtle appeal.”

The subtle appeal of this particular brand of fascism is its self-righteous claim to fighting the evils of our day (intolerance, hatred, violence) using the weapons of Corporate America.

Be warned, however: it is only a matter of time before these weapons are used more broadly, taking aim at anything that stands in its quest for greater profit, control and power.

This is what fascism looks like in a modern context, with corporations flexing their muscles to censor and silence expressive activity under the pretext that it is taking place within a private environment subject to corporate rules as opposed to activity that takes place within a public or government forum that might be subject to the First Amendment’s protection of “controversial” and/or politically incorrect speech.

Alex Jones was just the beginning.

Jones, the majordomo of conspiracy theorists who spawned an empire built on alternative news, was banned from Facebook for posting content that violates the social media site’s “Community Standards,”which prohibit posts that can be construed as bullying or hateful.

According to The Washington PostTwitter suspended over 70 million accounts over the course of two months to “reduce the flow of misinformation on the platform.” Among those temporarily suspended was Daniel McAdams, Executive Director of the Ron Paul Institute.

Rightly contending that tech companies are just extensions of the government, former Texas congressman Ron Paul believes that social media networks under the control of Google, Apple, Twitter and Facebook are working with the U.S. government to silence dissent. “You get accused of treasonous activity and treasonous speech because in an empire of lies the truth is treason,” Paul declared. “Challenging the status quo is what they can’t stand and it unnerves them, so they have to silence people.”

Curiously enough, you know who has yet to be suspended? President Trump.

Twitter’s rationale for not suspending world leaders such as Trump, whom critics claim routinely violate the social media giant’s rules, is because “Blocking a world leader from Twitter or removing their controversial Tweets, would hide important information people should be able to see and debate. It would also not silence that leader, but it would certainly hamper necessary discussion around their words and actions.”

Frankly, all individuals, whether or not they are world leaders, should be entitled to have their thoughts and ideas aired openly, pitted against those who might disagree with them, and debated widely, especially in a forum like the internet.

Why does this matter?

The internet and social media have taken the place of the historic public square, which has slowly been crowded out by shopping malls and parking lots.

As such, these cyber “public squares” may be the only forum left for citizens to freely speak their minds and exercise their First Amendment rights, especially in the wake of legislation that limits access to our elected representatives.

Unfortunately, the internet has become a tool for the government—and its corporate partners—to monitor, control and punish the populace for behavior and speech that may be controversial but are far from criminal.

Indeed, the government, a master in the art of violence, intrusion, surveillance and criminalizing harmless activities, has repeatedly attempted to clamp down on First Amendment activity on the web and in social media under the various guises of fighting terrorism, discouraging cyberbullying, and combatting violence.

Police and prosecutors have also targeted “anonymous” postings and messages on forums and websites, arguing that such anonymity encourages everything from cyber-bullying to terrorism, and have attempted to prosecute those who use anonymity for commercial or personal purposes.

We would do well to tread cautiously in how much authority we give the Corporate Police State to criminalize free speech activities and chill what has become a vital free speech forum.

Not only are social media and the Internet critical forums for individuals to freely share information and express their ideas, but they also serve as release valves to those who may be angry, seething, alienated or otherwise discontented.

Without an outlet for their pent-up anger and frustration, these thoughts and emotions fester in secret, which is where most violent acts are born.

In the same way, free speech in the public square—whether it’s the internet, the plaza in front of the U.S. Supreme Court or a college campus—brings people together to express their grievances and challenge oppressive government regimes.

Without it, democracy becomes stagnant and atrophied.

Likewise, as I make clear in my book Battlefield America: The War on the American People, if free speech is not vigilantly protected, democracy is more likely to drift toward fear, repression, and violence. In such a scenario, we will find ourselves threatened with an even more pernicious injury than violence itself: the loss of liberty.

More speech, not less, is the remedy.

Conjuring Up the Next Depression

By Chris Hedges

Source: TruthDig

During the financial crisis of 2008, the world’s central banks, including the Federal Reserve, injected trillions of dollars of fabricated money into the global financial system. This fabricated money has created a worldwide debt of $325 trillion, more than three times global GDP. The fabricated money was hoarded by banks and corporations, loaned by banks at predatory interest rates, used to service interest on unpayable debt or spent buying back stock, providing millions in compensation for elites. The fabricated money was not invested in the real economy. Products were not manufactured and sold. Workers were not reinstated into the middle class with sustainable incomes, benefits and pensions. Infrastructure projects were not undertaken. The fabricated money reinflated massive financial bubbles built on debt and papered over a fatally diseased financial system destined for collapse.

What will trigger the next crash? The $13.2 trillion in unsustainable U.S. household debt? The $1.5 trillion in unsustainable student debt? The billions Wall Street has invested in a fracking industry that has spent $280 billion more than it generated from its operations? Who knows. What is certain is that a global financial crash, one that will dwarf the meltdown of 2008, is inevitable. And this time, with interest rates near zero, the elites have no escape plan. The financial structure will disintegrate. The global economy will go into a death spiral. The rage of a betrayed and impoverished population will, I fear, further empower right-wing demagogues who promise vengeance on the global elites, moral renewal, a nativist revival heralding a return to a mythical golden age when immigrants, women and people of color knew their place, and a Christianized fascism.

The 2008 financial crisis, as the economist Nomi Prins points out, “converted central banks into a new class of power brokers.” They looted national treasuries and amassed trillions in wealth to become politically and economically omnipotent. In her book “Collusion: How Central Bankers Rigged the World,” she writes that central bankers and the world’s largest financial institutions fraudulently manipulate global markets and use fabricated, or as she writes, “fake money,” to inflate asset bubbles for short-term profit as they drive us toward “a dangerous financial precipice.”

“Before the crisis, they were just asleep at the wheel, in particular, the Federal Reserve of the United States, which is supposed to be the main regulator of the major banks in the United States,” Prins said when we met in New York. “It did a horrible job of doing that, which is why we had the financial crisis. It became a deregulator instead of a regulator. In the wake of the financial crisis, the solution to fixing the crisis and saving the economy from a great depression or recession, whatever the terminology that was used at any given time, was to fabricate trillions and trillions of dollars out of an electronic ether.”

The Federal Reserve handed over an estimated $29 trillion of this fabricated money to American banks, according to researchers at the University of MissouriTwenty-nine trillion dollars! We could have provided free college tuition to every student or universal health care, repaired our crumbling infrastructure, transitioned to clean energy, forgiven student debt, raised wages, bailed out underwater homeowners, formed public banks to invest at low interest rates in our communities, provided a guaranteed minimum income for everyone and organized a massive jobs program for the unemployed and underemployed. Sixteen million children would not go to bed hungry. The mentally ill and the homeless—an estimated 553,742 Americans are homeless every night—would not be left on the streets or locked away in our prisons. The economy would revive. Instead, $29 trillion in fabricated money was handed to financial gangsters who are about to make most of it evaporate and plunge us into a depression that will rival that of the global crash of 1929.

Kevin Zeese and Margaret Flowers write on the website Popular Resistance, “One-sixth of this could provide a $12,000 annual basic income, which would cost $3.8 trillion annually, doubling Social Security payments to $22,000 annually, which would cost $662 billion, a $10,000 bonus for all U.S. public school teachers, which would cost $11 billion, free college for all high school graduates, which would cost $318 billion, and universal preschool, which would cost $38 billion. National improved Medicare for all would actually save the nation trillions of dollars over a decade.”

An emergency clause in the Federal Reserve Act of 1913 allows the Fed to provide liquidity to a distressed banking system. But the Federal Reserve did not stop with the creation of a few hundred billion dollars. It flooded the financial markets with absurd levels of fabricated money. This had the effect of making the economy appear as if it had revived. And for the oligarchs, who had access to this fabricated money while we did not, it did.

The Fed cut interest rates to near zero. Some central banks in Europe instituted negative interest rates, meaning they would pay borrowers to take loans. The Fed, in a clever bit of accounting, even permitted distressed banks to use these no-interest loans to buy U.S. Treasury bonds. The banks gave the bonds back to the Fed and received a quarter of a percent of interest from the Fed. In short, the banks were loaned money at virtually no interest by the Fed and then were paid interest by the Fed on the money they borrowed. The Fed also bought up worthless mortgage assets and other toxic assets from the banks. Since Fed authorities could fabricate as much money as they wanted, it did not matter how they spent it.

“It’s like going to someone’s old garage sale and saying, ‘I want that bicycle with no wheels. I’ll pay you 100 grand for it. Why? Because it’s not my money,’ ” Prins said.

“These people have rigged the system,” she said of the bankers. “There is money fabricated at the top. It is used to pump up financial assets, including stock. It has to come from somewhere. Because money is cheap there’s more borrowing at the corporate level. There’s more money borrowed at the government level.”

“Where do you go to repay it?” she asked. “You go into the nation. You go into the economy. You extract money from the foundational economy, from social programs. You impose austerity.”

Given the staggering amount of fabricated money that has to be repaid, the banks need to build greater and greater pools of debt. This is why when you are late in paying your credit card the interest rate jumps to 28 percent. This is why if you declare bankruptcy you are still responsible for paying off your student loan, even as 1 million people a year default on student loans, with 40 percent of all borrowers expected to default on student loans by 2023. This is why wages are stagnant or have declined while costs, from health care and pharmaceutical products to bank fees and basic utilities, are skyrocketing. The enforced debt peonage grows to feed the beast until, as with the subprime mortgage crisis, the predatory system fails because of massive defaults. There will come a day, for example, as with all financial bubbles, when the wildly optimistic projected profits of industries such as fracking will no longer be an effective excuse to keep pumping money into failing businesses burdened by debt they cannot repay.

“The 60 biggest exploration and production firms are not generating enough cash from their operations to cover their operating and capital expenses,” Bethany McLean writes of the fracking industry in an articletitled “The Next Financial Crisis Lurks Underground” that appeared in The New York Times. “In aggregate, from mid-2012 to mid-2017, they had negative free cash flow of $9 billion per quarter.”

The global financial system is a ticking time bomb. The question is not if it will explode but when it will explode. And once it does, the inability of the global speculators to use fabricated money with zero interest to paper over the debacle will trigger massive unemployment, high prices for imports and basic services, and a devaluation in which the dollar will become nearly worthless as it is abandoned as the world’s reserve currency. This manufactured financial tsunami will transform the United States, already a failed democracy, into an authoritarian police state. Life will become very cheap, especially for the vulnerable—undocumented workers, Muslims, poor people of color, girls and women, anti-capitalist and anti-imperialist critics branded as agents of  foreign powers—who will be demonized and persecuted for the collapse. The elites, in a desperate bid to cling to their unchecked power and obscene wealth, will disembowel what is left of the United States.

Wealth of 400 richest Americans hits record $2.9 trillion

These six men own as much wealth as half the world’s population

By Alec Anderson

Source: WSWS.org

On Wednesday, the US finance magazine Forbes released its annual “Forbes 400” list of wealthiest Americans, revealing an immense increase in wealth among the top social stratum in the United States.

The total net worth of the 400 people included on the list hit a record $2.9 trillion this year, up from $2.7 trillion last year. The most heavily represented sector was finance, from which 88 people on the list, including bank executives, hedge fund managers and investors, drew their wealth.

The next highest proportion comes from technology giants such as Google and Facebook. The CEO of Twitter and payments firm Square, Jack Dorsey, registered the greatest percentage growth in wealth from the previous year, an increase of 186 percent to $6.3 billion. This was due in large part to a jump in Square’s stock price.

The threshold necessary for inclusion on the list rose to $2.2 billion in 2018, up $100 billion from last year’s threshold. Fully one-third of billionaires in the United States, a record 204 individuals, failed to make this year’s Forbes 400 list.

The average net worth of billionaires on the list rose to $7.2 billion, an increase of a half-billion over last year’s average of $6.7 billion.

As Forbes notes, the vast increase in wealth among the very richest Americans is largely thanks to a continuing surge in US stock indexes. They have reached new record highs in part due to unprecedented levels of stock buybacks and dividend increases, which are parasitic diversions of wealth away from productive investment in areas that produce decent-paying jobs and to the detriment of pursuits such as research and development. The billionaires on the Forbes 400 list have also benefited immensely from the Trump tax cuts for corporations and the wealthy signed into law in December 2017.

Topping the list is Amazon CEO and world’s richest person Jeff Bezos, whose $160 billion is $63 billion more than the second-wealthiest person on the list, Bill Gates, and a full $78.5 billion more than last year. Bezos has made his fortune through the super-exploitation of warehouse workers around the world, enabling Amazon to move its products faster and at cheaper prices than its retail competitors.

The staggering increase in Bezos’s wealth over the past year has been due to the more than 100 percent increase in Amazon’s stock price. The $2,950 Jeff Bezos has earned per second in 2018 is more than the $2,796 a fulfillment center worker in India makes in an entire year.

Ironically, the Forbes report was published the same day that the press was full of praise for Bezos’s supposed generosity and humanitarian concern for his workers, occasioned by the announcement that he was raising the minimum wage of his US-based employees to the poverty-level wage of $15 an hour.

If the $160 billion fortune Bezos holds were divided among Amazon’s global workforce of 500,000, each worker would receive $320,000.

Coming in second on the list with a net worth of $97 billion is Microsoft co-founder and former CEO Bill Gates, who had topped the Forbes list since 1994. The top 10 wealthiest people on the list alone have a total net worth of $730 billion, up from $610 billion in 2018.

However, just the top 45 individuals out of the 400 on the list accounted for fully half of the total wealth, or $1.45 trillion. That amounts to an average fortune of more than $32 billion each, which is more than the estimated $30 billion required to end world hunger, according to a United Nations estimate.

The Forbes report illustrates that the barrier to resolving societal ills, such as poverty, hunger and disease, is the siphoning off and hoarding of a growing proportion of society’s resources by the wealthiest segment of society.

The $2.9 trillion in the hands of these 400 richest people in the United States is roughly three-quarters of the total federal budget. It represents nearly three times the 2018 budget for the Department of Health and Human Services, which was slashed from over $1.126 trillion in 2017 to $1.112 trillion this year, and 176 times the $16.4 billion budget for the Department of Education in 2018.

Rather than addressing these issues, the Democratic Party’s midterm election campaign has instead been centered on a right-wing effort to channel opposition to Supreme Court nominee Brett Kavanaugh and Donald Trump behind a #MeToo-style hysteria over alleged sexual abuse. This is accompanied by the ongoing campaign to demonize Russia and Vladimir Putin and brand Trump as a stooge of the Kremlin.

The timing of the release of the Forbes list is significant, coming as it does on the 10-year anniversary of the passage of the Troubled Asset Relief Program (TARP)—the $700 billion bank bailout that set the stage for the trillions that were essentially stolen from the working class to rescue the financial oligarchy and make it richer than ever. The result of the decade-long plundering of society since the crash, carried out by both Republican and Democratic administrations, is the ever-increasing concentration of wealth at the very top reflected in the new Forbes 400 list.

Your Life Is Not Limited To One Path

By Joe Martino

Source: Collective Evolution

It is no secret that life can sometimes feel like a limited paved road laid out before us that we feel the need to stick to. Look at how we are brought up. Most of the time we come into the world and begin gaining our perceptions from those closest to us –our parents. As time goes on we find ourselves in school. Throughout that time we also begin watching what others do around us, what we see on TV and in movies.

What is happening is we are observing and creating an idea of how life should be; the best way to play the game. But what is ‘best?’

How many times have we heard “That’s not the best decision” or “That’s not the best decision for the whole family.” When you look at either statement you realize that “best” is subjective. What the “best” is to one person may not be the “best” to another. Even further, both of the perceptions of “best” are created from whatever belief systems each have created in their own lives. This is the key factor to realize.

We Get Trapped in Belief Systems

In either case, both scenarios have one thing in common, a belief system of what the “best” choice or decision is. When we create a belief system like this, we limit how we view things. We no longer feel what is “best,” but instead we analyze and define “best” based on a story; often a story from the past, based on entirely different times than the present moment.

Let’s take the example of a child coming out of high school today.  9 times out of 10, that child will be told, and may even believe, that the “best” decision they can make for their life is to continue their education at university or college. It does not matter that they do not know what they want to study, or that the education system will potentially cost them $100,000+, many will state that is best -and even have pride about it.

Next, they would be told to get a job so they can buy a house, as owning and buying a house is a smart decision. Should this child begin their life based on these belief systems, more often than not they will take this idea of what is “BEST” throughout the rest of their life. They will judge their decisions by this, express emotions based on this, develop self-esteem based on this and so forth. From then on, every decision they make will be based on this belief system handed down and taught to them.

Even getting specific, what to study in school, what type of job to get, what type of car to buy, how to spend and save money, what type of house to buy and so on. What is really happening with all of this? We are defining the ideal life or what’s “best” and then we limit our life to a small scope of how things should be.

The Deep Truth

Here is the absolute truth, ready? None of it has any real truth to it. It’s just all a belief system. Perception, ideas! But we often live by this and it becomes so real in our minds that we become stuck thinking this is the way to do it. Then when depression and anxiety follow, as we may believe we are stuck, we forget to look back on the belief system that is often caging us and our reality into a small tight space we often don’t deeply resonate with.

Look at our world. We often all chase the same thing, the same stuff because that is what we have been sold as the ideal life. Each area of the world has its own version of this. Who’s life are you really living? Whose dreams are you chasing and carrying out? We take on these beliefs and we begin to sacrifice ourselves, our health, and our soul desires so we can carry out someone else’s idea of “best” that we grabbed onto.

Back to the child from the example above. Now they have grown into a young man or woman and are in a job they don’t truly like. But it pays the bills and lives up to the idea of “best” that has been given to them. Most of the time, people around them will all reinforce that their decisions are the “best” because they have all been sold on the same belief system. “You have to make sacrifices, you have to work really hard to have a good life!” is what we are told. But who says what is “good?” Even when that grown up child is expressing their sadness or frustration for the reality they are in, we continue to reinforce it to protect the idea of ‘the best.’

We take this entirely expansive creative individual playing in an expansive playground called Earth and we confine them to this tiny little narrow path of what the “best” is. Instead of spending their life being able to make any choice they choose, they stay limited to what they have been sold as the “best” even if they don’t truly love it.

Even Deeper

Then you have the even deeper part, we then look upon and judge others when they make “the wrong decisions.” Look at how we view those who change their minds about what they want to play with all the time. What do we say about those people? “They need to make up their mind and get their life on track.” What track? There is a track? Says who? “They didn’t make a smart decision with their money or their house so they are going to pay for it later.” Who says some decisions are better than others? Is it not an experience either way?

You are the creator of your life and reality. You can choose to play and create whatever type of life you choose. And guess what? If you make a decision and start creating a particular life then you realize you want to create something new, you are free to do this!

No matter what story we tell ourselves like: “it’s too late, I can’t change this now, it’s too costly” etc. know that these are all egoic illusions. You are never limited to whatever life you have created even if you have been doing it for 30 years. Remember to ask yourself: the life you are chasing, the goals you have set, who’s goals are they really? Where did you first hear of them? Are they from your heart? Or are they what you have been sold?

Look inside yourself at what YOU TRULY want and how you wish to express yourself and create. Start there, and create from that space. You will see very quickly that you can create anything you choose.

Remember, there is no right or wrong path here. It’s about looking back on what we choose, where we are at and saying “Is this where I want to be? Am I feeling peace? Expressing my deepest self? Am I inspired about where I am at?” and if you aren’t, you create a new path and see how that feels. Follow how you FEEL, not what you seek as right or wrong. Our life reflects our state of consciousness.