Category Archives: Technocracy

How Covid lockdowns primed the current financial crisis

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By Christian Parenti

Source: The Grayzone

The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose.

On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise.

At the heart of the crisis is the gigantic pile of low-interest debt that was issued during the height of the pandemic. While private-sector pandemic-era debt like corporate bonds also soared, US government debt like Treasury bonds piled up.

In a nutshell, during the pandemic the government issued enormous amounts of extremely low interest government debt — about $4.2 trillion of it. But now interest rates, including on government debt, are higher than they have been in 15 years and investors are dumping their old low-interest debt. As they dump, the resale price of the old debt goes down. The more it declines, the more investors want to dump. And thus, a panic is born. 

To understand the problem fully, the question of US government debt has to be put into its larger context, which is: the pandemic response as a whole.

When news of the Covid virus first broke in December 2019, the 2 Year Treasury bond was being offered at 1.64% interest; the 10 year was at about 1.80%, and the resale value of such bonds on secondary markets was strong. Then, in March 2020, as Covid cases and deaths spiked, the US began to shutter its economy with panicked lockdowns that were supposed to “flatten the curve” or slow the spread of the virus and thus protect the hospitals. But Covid was politicized and the lockdowns were extended.  

As the lockdowns dragged on, the US economy began to collapse, shrinking at a record-shattering annualized rate of 31.4% during the second quarter of fiscal year 2020.

To avoid total economic devastation, the federal government began massive debt-financed spending. In March 2020, Trump signed into law the $2.2 trillion economic stimulus bill the CARES Act, or Coronavirus Aid, Relief, and Economic Security. Then, in March 2021, Biden signed the American Rescue Plan Act which contained $1.9 trillion more in Covid relief. Finally, in April 2021, another trillion or so of Covid relief arrived in the Consolidated Appropriations Act. 

Thanks to these laws, every industry and most people received public money. There was increased and extended unemployment payments, as well as the so-called “stimmy checks” or stimulus payments to everyone earning under $75,000 a year (about half the population). The Paycheck Protection Program spent almost a trillion dollars. The Provider Relief Fund doled out $178 billion to the healthcare system. 

All this debt spending kept millions of people in their homes, and helped feed, employ, and care for millions more. The measures allowed hundreds of thousands of businesses to stay afloat even as many thousands of others went under. The impact of the spending on Americans’ well-being was generally positive. For a moment, the US child poverty rate was cut in half, falling to 5.2%. 

But the economically destructive lockdowns were not necessary and did not work. Covid fanatics maintain that the lockdowns were unavoidable because the virus is so deadly. That, however, is uninformed. Last year I explained in detail how the Lockdown Left got the Covid crisis wrong. Not a single critic has challenged any of the facts I presented so there is little point in rehashing them all here. 

Those who advocated an alternative to ham-fisted lockdowns, like the authors of the Great Barrington Declaration, which called for “focused protection” of vulnerable groups like the elderly, were viciously targeted in a reputation destruction campaign covertly orchestrated by former NIH director Francis Collins and de facto Covid czar Anthony Fauci. Never mind that the document’s authors were three eminently qualified scientists: Sunetra Gupta, professor of Theoretical Epidemiology at Oxford University; Jay Bhattacharya, professor of medicine at Stanford; and Martin Kulldorff, formerly a professor of medicine and biostatistics at Harvard. They were portrayed as far-right cranks who were almost eager to see millions die. But now, they have been vindicated.

Ultimately, the federal government spent $4.2 trillion propping up the economy that it was simultaneously choking to death with lockdowns. These two contradictory pressures laid the groundwork for the recent bank failures. Government mandated lockdowns hit the economy like a body blow. Factories closed, small businesses went under, ports and logistic hubs reduced operations, and about 2 million mostly older workers simply resigned. But at the same time, the federal government injected vast amounts of purchasing power into the economy, thus boosting consumption.

These two, contradictory government moves imposed almost unbearable pressure on supply chains. As shortages mounted, prices began to surge. Put simply: lockdowns plus stimulus equaled inflation.

Consider just one of the most important bottlenecks in the whole economy. During lockdown, many commercial driving license schools were closed. This helped create a shortage of about 80,000 truckers. If trucks do not roll supplies run low and prices go up.

At first, the official line on inflation – parroted by the Lockdown Left – maintained that inflation was “transitory.” But it was not. Inflation peaked at 9.1% in June 2022 while wage growth lagged at about 5%. In April 2020 during the worst of the lockdown, the Federal Reserve’s Federal Funds Rate sank to 0.5%. By February 2022, it had only risen to 0.8%.  

Meanwhile, inflation was surging. By February 2022, inflation had reached 7.9%. Only then did the Fed, in an effort to tamp down prices, begin raising interest rates at the fastest pace rate in its history. The federal Funds rate was around 4.57% when SVB went under. Perhaps a massive wave of taxation could have soaked up enough liquidity to have helped cool prices, but that was a political impossibility. The more politically palatable response in Washington was for the Federal Reserve to raise interest rates. 

Herein lies the problem. During the height of the lockdowns, banks bought up enormous amounts of government debt. As the Wall Street Journal put it: “U.S. banks are suffering the aftereffects of a Covid-era deposit boom that left them awash in cash that they needed to put to work. Domestic deposits at federally insured banks rose 38% from the end of 2019 to the end of 2021, FDIC data show. Over the same period, total loans rose 7%, leaving many institutions with large amounts of cash to deploy in securities as interest rates were near record lows.” Awash in deposits with not enough demand for loans, the banks bought US government securities. Their purchases surged 53% between 2019 and the end of 2021, to a total of $4.58 trillion, according to Fed data reported by the Wall Street Journal.

Because so much debt was being issued, it carried super-low interest rates. For example, on July 27, 2020, the 10 Year Treasury was offered at an annual interest rate of only 0.55%. This is fine if you are the borrower of money, but if you are the lender (that is to say, a bank giving the federal government money in exchange for a Treasury bond), it means your income stream will be reduced to a mere trickle. If inflation rises, it essentially disappears. 

As the yield on new government debt reached toward 5% and inflation hung stubbornly at around 6.4%, all of that old, low-interest, pandemic-era debt started to look like garbage and banks began unloading it. The more that banks dumped old debt, the less value that debt had on resale markets. The lower its resale value, the more the banks wanted to dump it. SVB lost almost $2 billion selling off Government securities. And when they announced the loss, their stock price plunged by 60%. 

At the same time, many of SVB’s clients were withdrawing money. This was in part because rising interest rates made borrowing new money more expensive and thus incentivized the use of savings in day-to-day business operations. Also, higher inflation and higher interest rates made low-earning bank deposits less attractive and compelled depositors to redeploy their surplus capital towards higher-earning investments. So, just as SVB needed cash, deposits were evaporating.

By the end of the week of March 10, the four biggest banks in the United States had lost $51 billion because of their panicked dumping of pandemic-era debt. Right after SVB was taken under government control, state regulators closed the New York-based Signature Bank. Before the weekend was over the Federal Reserve announced the creation of a new lending facility that would ensure that “banks have the ability to meet the needs of all their depositors.” Furthermore, the Fed said it was “prepared to address any liquidity pressures that may arise.”

It would seem that the federal government is ready to execute another de facto partial nationalization of US banking, just as they did in 2008 via emergency “cash injections” and then the Troubled Assets Relief Program (TARP). In this current crisis, banks can avoid losses on their low-interest debt if they do not sell it before its maturity. For that to happen, the banks need money. The Fed has said it will pour enormous amounts of money into the banks while all of the relevant officials have proclaimed that the banking system will somehow pay for this. All of this will almost certainly mean even more government debt will be issued. 

Already, interest payments on the federal debt are one of the largest single items in the US budget – set to reach $400 billion this year. That is almost half as much as the grotesquely overdeveloped military budget. By comparison, federal spending on housing is only $78 billion.

Shoring up the banking system is necessary because if it collapses, the whole economy goes with it. At least in the short term, Americans are hostages of the US financial system. But government intervention without any new regulations and taxes upon the financial sector will likely mean more inflation and a bigger financial bubble. By refusing to properly tax the top 1%, the federal government also commits itself to more austerity for the many and more welfare for the rich, because rising government debt means a rising portion of our taxes must go toward interest payments. 

This system of crisis-prone, hyper-financialized capitalism seems ever more like a junkie. If it doesn’t get its regular fix of public sector help, it will simply collapse and die. 

Even if the federal government can stanch the current crisis, the pandemic debt story is global and very likely to cause trouble for some time to come. As a 2021 report by the World Bank put it: “The debt buildup during the pandemic-induced global recession of 2020 was the largest in several decades. This was true for all types of debt—total, government, and private debt; and advanced-economy and EMDE [emerging market and developing economy] debt; external and domestic debt. In 2020, total global debt reached 263 percent of GDP and global government debt 99 percent of GDP, their highest levels in half a century.” 

The US intelligentsia and its media elites are finally beginning to reckon with the impact of misguided and authoritarian lockdowns on student learning and the psychological and physical health of millions. But in all the discussion of the current bank runs, the pivotal role of lockdowns in priming the crisis remains overlooked.

The Devil’s Milkshake

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The water’s just fine!

By Tarence Ray

Source: The Baffler

YOU’VE SEEN IT BEFORE. An industrial disaster poisons a town’s food or water supply. Residents get angry. Public officials try to dispel that anger through a public act of self-sacrifice, of reassurance. They convene a press conference, whereupon some hapless courtier brings forth a chalice of the supposedly poisoned material. And then, in front of God and the television cameras, the public official imbibes.

Examples from recent history abound. In 2019, former Japanese prime minister Shinzo Abe ate possibly irradiated rice balls from Fukushima to demonstrate the progress made toward rebuilding the prefecture since its 2011 nuclear meltdown. In 2013, former Colorado governor John Hickenlooper claimed he drank fracking fluid to assuage his constituents’ concerns around natural gas drilling. (Not “tasty,” he said.) And, most famous of all, in 2016 Barack Obama took a sip of (filtered) water from the lead-poisoned water supply of Flint, Michigan, to prove it was safe. (“This is not a stunt,” he noted of the stunt.)

Officials are already lining up to drink the forbidden poison issuing from East Palestine, Ohio. When a Norfolk Southern freight train derailed there earlier this month, producing an airborne toxic event of hazardous chemicals, concerns about the water inevitably arose. Enter one Troy Nehls, a Republican congressman from Texas, who became the first intrepid soul through the breach. On February 16, Nehls—who was inexplicably in Ohio, some fourteen hundred miles away from his district—posted a video to Twitter to get word out that the water was safe. To prove it, Nehls slurped it up. This was promptly followed by a video from Ohio lieutenant governor Jon Husted, wherein a group of public officials huddled together and threw back shots of supposed tap water like they were freshman college students out on the town.

But Nehls and Husted were just the undercard features. On February 21, following reports that Norfolk Southern had funded preliminary tests declaring the water totally safe, Ohio’s Republican governor Mike DeWine and a merry caravan, including an EPA official and a congressman, stalked around East Palestine with news cameras, gamely drinking from residents’ taps. (“That’s good,” the EPA official gushed. “That’s really cold coming from the tap.”) The photos and videos from this danse macabre mirrored Husted’s, but on a grander scale—half a dozen people standing around, toasting and clashing cups together like they were at a medieval banquet. If these dizzying trends hold, it’s probably a matter of time before Transportation Secretary Pete Buttigieg, or even President Biden, follows suit.

Years ago, I surveyed the literature looking for a name or term to describe this phenomenon of consuming potentially tainted materials. After all, it seemed to be increasing in frequency, and I’d even started witnessing it at the level of local politics. But if there was a name, I couldn’t find it. So I gave it one: the Devil’s Milkshake.

The Devil’s Milkshake is bipartisan. Neither Democrats nor Republicans hold monopoly on it. Which means it can be multiple things, depending on who wields it. To some, it’s cynical political theater, meant to make the politician look invincible and brave. To others, it can be a genuine—yet transparently phony—attempt at showing solidarity. And to others still, it abets a kind of mass hysteria, in which public officials feel increasingly pressured to outdo each other for attention and admiration.

The Devil’s Milkshake can also be an effective way for a public official to shirk any commitment to doing something about the conditions that gave rise to the disaster in the first place. One time I was at a town hall in Martin County, Kentucky, where the water system has been degraded by years of coal mining, corruption, and neglect. Residents were getting sick, and they’d convened the town hall to demand action from the local government. But instead of committing to any substantive action, one local official ran to the front of the hall and demanded a glass of that sweet local tap, so he could drink it right there on the spot, and thus prove that nothing needed changing. A few awkward minutes passed, wherein the crowd grew uncomfortable with the prospect of witnessing a man poison himself in public. So they talked the official down. To this day, Martin County’s water is still unsafe to drink.

It’s likely the Devil’s Milkshake is a modern phenomenon. After all, medieval rulers used to employ taste testers precisely in order to avoid being poisoned. But historical examples are nonetheless difficult to track down because the phenomenon has been heretofore unnamed. So I’ve had to crowdsource its history. It’s clear, reviewing this data, that public officials have had to tweak, refine, and workshop the spectacle; it developed over time through a process of trial and error.

A PhD student at Indiana University, Justin Hawkins, sent me what is perhaps the earliest historical example. In the 1850s, New York City was in the middle of an adulterated milk scandal. Across the country, thousands of infants were dying every year from milk cut with “swill”—excess mash from nearby distilleries, whitened with plaster and drained of nutrients. Tammany Hall sent an Alderman named Michael Tuomey to investigate. But Tuomey vigorously defended the dairy owners and their milk supply. While visiting one dairy, Tuomey threw back some whiskey with the farmers, concluded the milk was perfectly safe, and slandered anyone who thought otherwise as “prejudice[d].” But, as Hawkins points out, it’s unclear whether or not Tuomey’s stunt was performed before a crowd. This highlights a crucial ingredient in the Devil’s Milkshake formula: for it to be a proper Devil’s Milkshake, it must be performed in public, or at least in front of cameras.

The second criteria of the Devil’s Milkshake is that one must actually go through with it. This example came to me by way of a researcher friend, Jack Norton. It’s the story of New York governor Hugh Carey who, in 1981, volunteered to drink a big glass of polychlorinated biphenyls, or PCBs, from a contaminated state office building in order “to satisfy the unions” that the building was safe. Carey, however, was warned that doing so might actually make him sick, and so he reportedly did not follow through. He nonetheless displayed a curious willingness to put his body on the line for the sake of scoring political points.

Occasionally, the Devil’s Milkshake can be fobbed off on the inferiors or family members of the elected official trying to harness its powers. To illustrate this, we turn to our cousins across the pond. In 1990, four years after the fatal mad cow disease was discovered in Britain’s beef supply, the nation’s agriculture minister, John Selwymn Gummer, carted his four-year-old daughter before news cameras and tried to feed her an “absolutely delicious” hamburger. Six years later, researchers confirmed humans could be infected with the degenerative neurological disease—and in 2007, the daughter of a Gummer family friend died of it. Perhaps Gummer’s logic was that of a hostage taker: if his audience saw his craven recklessness, they, too, might be willing to put their lives on the line to make beef sales go up.

But perhaps the grimmest example of the Devil’s Milkshake is that of Peruvian president Alberto Fujimori and his fisheries minister, Felix Alberto Canal Torres. This story was sent to me by Twitter user @JimmyFalunGong. In 1991, cholera was spreading throughout Peru by way of raw fish, resulting in massive profit losses to the Peruvian fishing industry. In order to get the industry back on its feet, President Fujimori and Minister Torres chowed down on some raw fish live on television, hoping to encourage the public to do the same. Unfortunately, the epidemic wore on for months, eventually killing over three thousand people, and Minister Torres reportedly wound up hospitalized with cholera, no doubt acquired from the raw fish.  

The Gummer and Fujimori-Torres debacles show that, from the very beginning, the Devil’s Milkshake was always just that: a deal with the devil. A gamble. One that, if successful, could pay enormous dividends. But, if unsuccessful, could be very embarrassing. Perhaps that’s why nowadays, the Devil’s Milkshake is most likely just a stage trick. When that aide brings out the chalice, whatever’s inside almost certainly isn’t poison. It’s something harmless that is meant to look poisonous. (Someone on Twitter even pointed out that the officials taking shots of East Palestine’s water in lieutenant Governor Husted’s video had neglected to hide their bottle of Smart Water.) Besides, even if President Obama really did drink lead-poisoned water in Flint, his stunt missed the point: prolonged, chronic exposure is what leads to severe impairment, not a single sip. Race, class, and geography are the major determinants of environmental harm. Most people know this, which is why many Flint residents viewed Obama’s theatrics with skepticism.

Yet I would argue that leaders like President Obama are, like the constituents they seek to deceive, fully aware of this structural truth. It’s what makes the Devil’s Milkshake so strange. The stunt seems to be a tacit acknowledgement by the ruling class that they know the general public doesn’t trust them. (Only 19 percent of Americans believe they can trust the government “most of the time.”) Its recent proliferation must be seen as proof of a ruling class desperate to uphold the illusion of democracy. It is the last gasp of a dying order, drinking and eating its way to the grave, restrained or unwilling to fix anything, and thus doomed to play act a fantasy before klieg lights and newscasters. The dizzying amount of Devil’s Milkshake footage issuing from East Palestine only proves their desperation: these people could not be more unlike you. In fact, the only thing you have left in common with them is the fact that they, too, still have to eat food and drink water to stay alive. That’s it. The Devil’s Milkshake is a measure of the gaping chasm between you and them.

The sad thing is that, sometimes, the water or food in question is actually safe to consume. Watersheds can be hard to wrap your head around. A lot of hysterical and paranoid information leeched into the ether following the East Palestine toxic event. People upstream from the Ohio River worried that they, too, were at risk of exposure. Were boil water advisories fifty miles southeast in Pittsburgh related to the derailment—even though local officials said otherwise? Were birds dying in Kentucky because of the crash? All these places probably are under threat, but from other things entirely: chemical plants, microplastics, algae blooms, air pollution, you name it.

The public has by now seen so many of these large-scale pollution events that they well understand no one will be held accountable; that the clean-up will be, at best, half-assed; and that we’re just going to bide our time until the next one occurs. (Indeed, in the weeks since the East Palestine incident, a commercial tanker truck full of chemicals crashed outside Tucson, killing the driver and releasing a plume of nitric acid into the air; a train derailed in Texas, killing one; another train carrying coal derailed in Nebraska; and on and on.) People, naturally, have lost trust in their leaders to keep them safe. No amount of poisonous water consumed by governors, congressmen, or EPA officials will restore that trust.

This is why the Devil’s Milkshake is ultimately an insult to your intelligence. The point isn’t to give you actionable information about what’s going on. If it was, public officials would just do that, instead of histrionically parading around in front of the cameras to show off the sacrifice they’re making. Nor is the point to rebuild trust in institutions. After all, these figures could just fix the problems, and make our natural and infrastructural environments responsive to crises and safe to navigate.

No, the point of the Devil’s Milkshake is to arrest further complaint. To recycle anger back into “acceptable” forms of discourse and mechanisms of accountability. To move on, forget it ever happened. It’s almost as if, through this act of symbolic consumption, a public official telegraphs their willingness to die for corporate America’s sins. That, because they’re willing to literally metabolize the issue, it’s been addressed, processed, and fixed.

The problem with this is that no one ever forgets. People remember it all. Not just the fear and terror of seeing a black pillar of smoke towering over their community. Not just the health scares and medical bills, the family members and friends and pets dying before their time. Not just the agonizing mystery of it all, of wondering which recent toxic event is responsible for their debilitating sickness, or if they’re crazy for even having that thought.

They’ll also remember the most terrifying, mind-bending thing of all: that their leaders sacrificed them at the almighty altar of profit, and then mocked them for daring to question it. They’ll wake up in the middle of the night, their minds retracing the choreographed ritual of power known as the Devil’s Milkshake, their gleeful leaders sending up veritable toasts to the fact they were getting away with it all. And this remembering brings on a final realization: that the next time may be even worse.

Silicon Valley Bank Crisis: The Liquidity Crunch We Predicted Has Now Begun

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A worker, middle, tells customers that the Silicon Valley Bank headquarters is closed on Friday, March 10, 2023, in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation. (Justin Sullivan/Getty Images/TNS)

By Brandon Smith

Source: Alt-Market.us

There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went into insolvency on March 10th. The impetus for the collapse of the bank is tied to a $2 billion liquidity loss on bond sales which caused the institution’s stock value to plummet over 60%, triggering a bank run by customers fearful of losing some or most of their deposits.

There are many fine articles out there covering the details of the SVB situation, but what I want to talk about more is the root of it all. The bank’s shortfalls are not really the cause of the crisis, they are a symptom of a wider liquidity drought that I predicted here at Alt-Market months ago, including the timing of the event.

First, though, let’s discuss the core issue, which is fiscal tightening and the Federal Reserve. In my article ‘The Fed’s Catch-22 Taper Is A Weapon, Not A Policy Error’, published in December of 2021, I noted that the Fed was on a clear path towards tightening into economic weakness, very similar to what they did in the early 1980s during the stagflation era and also somewhat similar to what they did at the onset of the Great Depression. Former Fed Chairman Ben Bernanke even openly admitted that the Fed caused the depression to spiral out of control due to their tightening policies.

In that same article I discussed the “yield curve” being a red flag for an incoming crisis:

“…The central bank is the largest investor in US bonds. If the Fed raises interest rates into weakness and tapers asset purchases, then we may see a repeat of 2018 when the yield curve started to flatten. This means that short term treasury bonds will end up with the same yield as long term bonds and investment in long term bonds will fall.”

As of this past week the yield curve has been inverted, signaling a potential liquidity crunch. Both Jerome Powell (Fed Charman) and Janet Yellen (Treasury Secretary) have indicated that tightening policies will continue and that reducing inflation to 2% is the goal. Given the many trillions of dollars the Fed has pumped into the financial system in the past decade as well as the overall weakness of general economy, it would not take much QT to crush credit markets and by extension stock markets.

As I also noted in 2021:

“We are now at that stage again where price inflation tied to money printing is clashing with the stock market’s complete reliance on stimulus to stay afloat. There are some that continue to claim the Fed will never sacrifice the markets by tapering. I say the Fed does not actually care, it is only waiting for the right time to pull the plug on the US economy.”

But is that time now?  I expanded on this analysis in my article ‘Major Economic Contraction Coming In 2023 – Followed By Even More Inflation’, published in December of 2022. I noted that:

“This is the situation we are currently in today as 2022 comes to a close. The Fed is in the midst of a rather aggressive rate hike program in a “fight” against the stagflationary crisis that they created through years of fiat stimulus measures. The problem is that the higher interest rates are not bringing prices down, nor are they really slowing stock market speculation. Easy money has been too entrenched for far too long, which means a hard landing is the most likely scenario.”

I continued:

“In the early 2000s the Fed had been engaged in artificially low interest rates which inflated the housing and derivatives bubble. In 2004, they shifted into a tightening process. Rates in 2004 were at 1% and by 2006 they rose to over 5%. This is when cracks began to appear in the credit structure, with 4.5% – 5.5% being the magic cutoff point before debt became too expensive for the system to continue the charade. By 2007/2008 the nation witnessed an exponential implosion of credit…”

Finally, I made my prediction for March/April of 2023:

“Since nothing was actually fixed by the Fed back then, I will continue to use the 5% funds rate as a marker for when we will see another major contraction…The 1% excise tax added on top of a 5% Fed funds rate creates a 6% millstone on any money borrowed to finance future buybacks. This cost is going to be far too high and buybacks will falter. Meaning, stock markets will also stop, and drop. It will likely take two or three months before the tax and the rate hikes create a visible effect on markets. This would put our time frame for contraction around March or April of 2023.”

We are now in the middle of March and it appears that the first signs of liquidity crisis are bubbling to the surface with the insolvency of SVB and the shuttering of another institution in New York called Signature Bank.

Everything is tied back to liquidity. With higher rates, banks are hard-pressed to borrow from the Fed and companies are hard-pressed to borrow from banks. This means companies that were hiding financial weakness and exposure to bad investments using easy credit no longer have that option. They won’t be able to artificially support operations that are not profitable, they will have to abandon stock buybacks that make their shares appear valuable and they will have to initiate mass layoffs in order to protect their bottom line.

SVB is not quite Bear Stearns, but it is likely a canary in the coal mine, telling us what is about to happen on a wider scale. Many of their depositors were founded in venture capital fueled by easy credit, not to mention all the ESG related companies dependent on woke loans. That money is gone – It’s dead. Those businesses are quietly but quickly crumbling which also conjured a black hole for deposits within SVB. It’s a terribly destructive cycle. Surely, there are numerous other banks in the US in the same exact position.

I believe this is just the beginning of a liquidity and credit crisis that will combine with overt inflation to produce perhaps the biggest economic crash America has ever seen. SVB’s failure may not be THE initiator, only one among many. I suspect that in this scenario larger US banks may avoid the kind of credit crash that we saw with Bear Stearns and Lehman Brothers in 2008. But, contagion could still strike multiple mid-sized banks and the effects could be similar in a short period of time.

With all the news flooding the wire on SVB it’s easy to forget that all of this boils down to a single vital issue: The Fed’s stimulus measures created an economy utterly addicted to easy and cheap liquidity. Now, they have taken that easy money away. In light of the SVB crash, will the central bank reverse course on tightening, or will they continue forward and risk contagion?

For now, Janet Yellen and the Fed have implemented a limited backstop and a guarantee on deposits at SVB and Signature. This will theoretically prevent a “haircut” on depositor accounts and lure retail investors with dreams of endless stimulus.  It is a half-measure, though – Central bankers have to at least look like they are trying. 

SVB’s assets sit at around $200 billion and Signature’s assets are around $100 billion, but what about interbank exposure and what about the wider implications?  How many banks are barely scraping by to meet their liquidity obligations, and how many companies have evaporating deposits?  The backstop will do nothing to prevent a major contagion.

There are many financial tricks that might slow the pace of a credit crash, but not by much.  And, here’s the kicker – Unlike in 2008, the Fed has created a situation in which there is no escape. If they do pivot and return to systemic bailouts, stagflation will skyrocket even more. If they don’t use QE, then banks crash, companies crash and even bonds become untenable, which puts the world reserve status of the Dollar under threat. What does that lead to? More stagflation. In either case, rapidly rising prices on most necessities will be the consequence.

How long will this process take? It all depends on how the Fed responds. They might be able to drag the crash out for a few months with various stop-gaps. If they go back to stimulus then the banks will be saved along with equities (for a while) but rising inflation will suffocate consumers in the span of a year and companies will still falter. My gut tells me that they will rely on contained interventions but will not reverse rate hikes as many analysts seem to expect.

The Fed will goose markets up at times using jawboning and false hopes of a return to aggressive QE or near-zero rates, but ultimately the trend of credit markets and stocks will be steady and downward.  Like a brush fire in a wind storm, once the flames are sparked there is no way to put things back the way they were.  If their goal was in fact a liquidity crunch, well, mission accomplished.  They have created that exact scenario.  Read my articles linked above to understand why they might do this deliberately.

In the meantime, it appears that my predictions on timing are correct so far. We will have to wait and see what happens in the coming weeks. I will keep readers apprised of events as new details unfold.  The situation is rapidly evolving.

In a Multipolar World, the Idea of a New World Order Dies

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By Timothy Alexander Guzman

Source: Silent Crow News

When former US President and war criminal George W. Bush and his neocon regime launched their anti-terrorism campaign after the September 11th attacks, he declared that “Every nation, in every region, now has a decision to make. Either you are with us, or you are with the terrorists.”  Western threats against the Global South continues today.  In the recent Munich Security Conference 2023, German Foreign Minister Annalena Baerbock said that “Neutrality is not an option, because then you are standing on the side of the aggressor,” she continued “and this is a plea we are also giving next week to the world again:  Please take a side, a side for peace, a side for Ukraine, a side for the humanitarian international law, and these times this means also delivering ammunition so Ukraine can defend itself.”  Most of the world does not agree with Western leaders that Russia is the aggressor in this conflict.  Ukraine goal is to become a member of NATO which would be a threat to Russia’s security concerns right on its borders.  As history shows, it was Ukraine who has bombed the Donbas region for more than 8 years which includes the areas of Donetsk and Luhansk killing more than 8,000 people with the help of US-NATO forces whose sole purpose is to destroy Russia.  This is the work of the Western powers who want nothing more than to contain Russia’s rise as a major player on the world stage.        

Not only Russia has been a victim of Western aggression, many countries in the Global South has also witnessed endless wars, coups and regime change operations with western-backed color revolutions since the end of World War II.  Since the war started in Ukraine, it is only now that the mainstream media is starting to take notice that the Global South is starting to rebel against Western powers on many levels at least according to France24.com, ‘Ukraine war exposes splits between Global North and South’ reflects on the current situation that “a tectonic chasm appears to have split the Global North from the Global South. Confronted with the sort of aggression and territorial expansionism that the postwar world order was designed to avert, the Western alliance, also called the Global North, has overcome competition and rivalries to maintain unity.” The West defeated their “competition and rivalries” by bombing countries back to the stone age like they did to Iraq and Libya.  It is well known that Saddam Hussein and Muammar Gaddafi wanted to change course in how their countries conducted business with the rest of the world by abandoning the use of US dollars in favor of other currencies.  In the case of Iraq, the US and its allied partners were also doing Israel a favor in destroying an adversary.  So, a shift has taken place with “more than 70 years after the end of World War II, several countries of Asia, Africa, the Middle East, and South America that were “emerging” for decades have essentially emerged on the world stage” forming what is now known as the ‘Global South.’

The war in Ukraine has changed everything for the globalists insane vision for humanity, now they accuse Russia of being the aggressor for expanding its footprint in Ukraine but ignoring the 8-year bombing campaign in the Donbas region by the Ukrainian forces with NATO’s assistance.  Did the US and in most cases their NATO allies “avert” their own “aggressive” wars against Vietnam, Iraq, or Libya?  As for “territorial expansion” doesn’t the US, France, and other Western powers still have colonies around the world?  The US also illegally occupies northern Syria and Iraq with military bases, and that is a form of territorial expansion. 

Newsweek published an interesting opinion piece by Michael Gfoeller and David H. Rundell, ‘Nearly 90 Percent of the World Isn’t Following Us on Ukraine | Opinion’ says that there is a growing anti-Western sentiment in the Global South:

Alliances that were created in part to counter Western economic and political influence are expanding. Egypt, Saudi Arabia, and Turkey have announced their interest in joining the BRICS (Brazil, Russia, India, China, and South Africa). The Shanghai Cooperative Organization currently links China, Russia, India, and Pakistan, among others. Iran plans to join this month while Bahrain, Egypt, Saudi Arabia, and Qatar are likely to become “dialogue partners,” or candidate members.

Additionally, China’s ambitious Belt and Road Initiative is tying many African nations to Beijing with cords of trade and debt. Russia is also reaching out in the form of Foreign Minister Sergey Lavrov, who recently addressed his 22 Arab League counterparts in Cairo before touring a number of African countries.

If that’s not enough to give the West pause, Moscow is again on the offensive in Latin America, strengthening its military relationships with Nicaragua, Venezuela, and Cuba. The two powerhouses of that region, Brazil, and Mexico, have pointedly refused to back Western sanctions against Russia

Gfoeller and Rundell admit on a mainstream media news magazine that dollarsare tools of economic warfare from imposing crippling sanctions to asset seizures on countries who don’t follow Washington’s orders, but it is only an opinion piece, obviously not an article that will make the front-page news:  

The dollar’s reserve currency status remains a pillar of the global economic order, but trust in that order has been damaged. Economic sanctions have weaponized parts of the international banking and insurance sectors including the SWIFT fund transfer system. Assets have been seized and commodity contracts canceled. Calls for de-dollarization have become louder. When Russia demanded energy payments in rubles, yuan or UAE Dirhams, China and India complied.

These concerns are generating considerable anti-Western sentiment across much of the Global South. While a nuclear-armed Russia shows no willingness to end a war its leaders cannot afford to lose; the West is rapidly losing the rest and thus undermining the very rules-based international order it has sought to create. Our most promising solution to this dilemma is likely to be some sort of diplomatic compromise

Yes, it’s true the dynamics of the world order has changed dramatically since the day US President George H.W. Bush (whose father Prescott Bush, a founder of the Union Banking Corporation, an investment bank that had ties to a German businessman, Fritz Thyssen who supported the Nazis) gave a speech on the invasion of Iraq on January 16th, 1991.  Here is part of what he said:

This is an historic moment. We have in this past year made great progress in ending the long era of conflict and cold war. We have before us the opportunity to forge for ourselves and for future generations a new world order—a world where the rule of law, not the law of the jungle, governs the conduct of nations. When we are successful—and we will be—we have a real chance at this new world order, an order in which a credible United Nations can use its peacekeeping role to fulfill the promise and vision of the U.N.’s founders

They had passed the test then, today, it’s a different story, the world is tired of Western hypocrisy, of its continuous wars and CIA-backed coups against their governments who don’t always agree with their prescriptions for democracy.  However, the idea of a new world order did not begin with Bush Sr, it began after the creation of the League of Nations after World War I when US President Woodrow Wilson called for a new world order to enhance global security and democracy.  But the idea of forming a new world order or globalist empire to impose a rules-based order should be a forgone conclusion, they don’t work, and they are destructive.  Globalist power structures or empires eventually destroy themselves from within, so, is it worth it for the regime in power?  Some people would also say that Russia and China want to rule the world.  They don’t, they know managing an empire is immoral, extremely costly, and incredibly ridicules to rule a world full of different ideas, cultures, ethnicities, and languages.  They know that diplomacy, respect, and trade is a better option for the sake of humanity.  Now, does it mean that in a multipolar world, future wars will be prevented? Not necessarily, but at least it’s worth a try given the fact that the US and its Western allies have created nothing but wars and chaos since the end of World War II and now we are at a point that this world order-based system is about to unleash a devastating war involving nuclear weapons.    

Since World War II, it has been the US at the forefront who has been building a world order based on its hegemonic projections to control every nation on earth.  China’s Ministry of Foreign Affairs decided to take the gloves off and publish, ‘US Hegemony and Its Perils’ which exposes how the US has used its superpower status including its economic, financial, political, and military machine to create their ‘hegemonic playbook:

The United States has developed a hegemonic playbook to stage “color revolutions,” instigate regional disputes, and even directly launch wars under the guise of promoting democracy, freedom and human rights. Clinging to the Cold War mentality, the United States has ramped up bloc politics and stoked conflict and confrontation. It has overstretched the concept of national security, abused export controls and forced unilateral sanctions upon others. It has taken a selective approach to international law and rules, utilizing or discarding them as it sees fit, and has sought to impose rules that serve its own interests in the name of upholding a “rules-based international order.”

This report, by presenting the relevant facts, seeks to expose the U.S. abuse of hegemony in the political, military, economic, financial, technological, and cultural fields, and to draw greater international attention to the perils of the U.S. practices to world peace and stability and the well-being of all peoples

China is not seeking to become the next empire as the mainstream media is warning about especially FOX news and others.  In 2018, Dr. Chandra Muzaffar, a Malaysian political scientist and activist wrote ‘China, A New Imperial Power?‘ asked in his introduction “Is China a new imperial power threatening some of the developing economies in Asia and Africa?”  He said that “this is a perception that is being promoted through the media by certain China watchers in universities and think-tanks mainly in the West, various politicians and by a segment of the global NGO community.”  One of the red flags for US and European media networks was that China was offering unpayable loans to poor countries in what was and still is considered a “debt trap” at least to the China war hawks in Washington.  Dr. Muzaffar explains why the West is wrong about China’s debt trap concerning one of the countries who accepted a loan and that is Pakistan:

Pakistan has taken loans from China for projects under the China Pakistan Economic Corridor (CPEC). The US 50 billion CPEC is a network of infrastructure projects that are currently under construction throughout Pakistan that will connect China’s Xinjiang province with Gwadar port in Pakistan’s Balochistan province. A number of these projects will strengthen Pakistan’s energy sector which is vital for its economic growth. They will help to reduce its severe trade deficit. Debt servicing of CPEC loans which will only start this year amounts to less than 80 million.

Pakistan’s largest creditors are not China, but Western countries and multilateral lenders led by the IMF and international commercial banks. Its foreign debt “is expected to surpass 95 billion this year and debt servicing is projected to reach 31 billion by 2022-2023.” There is evidence to show that its creditors “have been actively meddling in Pakistan’s fiscal policies and its sovereignty through debt rescheduling programs and the conditionalities attached to IMF loans”

He also says that the majority of Africa’s long-term debt has been managed by the International Monetary Fund (IMF) and the World Bank but says that “many African states have Chinese debt. This in itself is not a problem — provided loans are utilized for the public good. In this regard, infrastructure financing under the Belt and Road Initiative (BRI) — building ports, railways and fiber-optic cables — appears to be a major component of China’s involvement in Africa.” 

Djibouti had excepted 1.4 billion from China that allowed China to build its first military base.  Western bureaucrats and military officials claimed that China is expanding its empire in Africa according to a report by the US Naval Institute (USNI) on what U.S. Africa Commander Army Gen. Stephen Townsend told the House Armed Services Committee back in April 2021 “that the People’s Liberation Army was expanding its existing naval installation adjacent to a Chinese-owned commercial deep-water port and also seeking other military basing options elsewhere on the continent” and that “Their first overseas military base, their only one, is in Africa, and they have just expanded that by adding a significant pier that can even support their aircraft carriers in the future. Around the continent they are looking for other basing opportunities.” Dr. Muzaffar reminds us that “It should be noted at the same time that Djibouti also hosts the largest US military base in Africa” However, he also makes the case that China’s rise is economic in nature while the West continues its neocolonial agenda:

Djibouti aside, Chinese ventures in Africa have been almost totally economic. The quid pro quo for the Chinese it is true has been access to the continent’s rich natural resources. But it is always access, never control. Control over the natural resources of the nations they colonised was the driving force behind 19th century Western colonialism. Control through pliant governments and, in extreme cases, via regime change continues to be a key factor in the West’s — especially the US’s — quest for hegemony over Africa and the rest of the contemporary world.

It is because China’s peaceful rise as a global player challenges that hegemony that the centres of power in the West are going all out to denigrate and demonise China. Labelling China as a new imperial or colonial power is part of that vicious propaganda against a nation, indeed a civilisation that has already begun to change the global power balance. It is a change — towards a more equitable distribution of power — that is in the larger interest of humanity. For that reason, the people of the world should commit themselves wholeheartedly to the change that is embracing all of us

China understands what invading empires are capable of since they were invaded themselves by Japan’s Imperial forces during World War II which was a horrible occupation that led to the countless deaths and the destruction of Chinese society.  The Soviets also lived through the horrors of Hitler’s invading forces.  Maintaining an empire is immoral and costly, so rising powers such as China, Russia or India are not interested in controlling and occupying any sovereign countries for their political or economic gain.   

A Multipolar World is Inevitable as the UN Vote to Condemn Russia Invasion Fails  

Western nations and their allies including the US, European Union, Canada, Australia, UK, Japan, South Korea, Taiwan, and other puppet governments represent more than 1 billion people which has been held together under a rules-based unipolar world order, as for the Global South, it accounts for more than 6 billion people.  Regarding the war in Ukraine, many countries who are part of the Global South abstained from voting for a UN General Assembly on March 2nd, 2022, to condemn Russia’s invasion including 17 African countries.  The East African ‘17 African countries abstain from UN vote to condemn Russia invasion’ said that more than 35 countries had decided to abstain from voting to condemn Russia’s invasion of Ukraine “Some 35 countries abstained from the vote, including Russia and China, and African states – Burundi, Senegal, South Sudan, South Africa, Uganda, Mali and Mozambique.”  Algeria, Bolivia, Cuba, Iran, Iraq, Laos, Mozambique, Nicaragua, Pakistan, South Africa, and Vietnam also Abstained shows that the tide is turning against the West.  Those who voted against the resolution was Belarus, Eritrea, North Korea, and Syria.  Times are changing indeed. 

The European branch of Carnegie Endowment for International Peace or Carnegieeurope.eu published an article by Senior fellow Stefan Lehne ‘After Russia’s War Against Ukraine: What Kind of World Order?’ began his piece with the European Union’s foreign affairs chief, Josep Borrell and his comments on the difference between Europe and the rest of the world or as Borrell called the “jungle” earned protests and was criticized for it.  Borrel said that “the best combination of political freedom, economic prosperity and social cohesion that humankind has been able to build” as he compared Europe to the Global South by saying that “most of the world is a jungle and the jungle could invade the garden.”  Lehne tried to justify Borrell’s comments by saying that “this was likely a reference to Robert Kagan’s 2018 book, The Jungle Grows Back: America and Our Imperiled World.” Lehne said that Kagan’s book “amounts to a stark warning about the consequences of a U.S. retreat from its global responsibilities. Kagan writes that without determined American leadership, nations would revert to traditional patterns of behavior and the world would relapse into disorder, darkness, and chaos.”  So according to the European establishment and evidently, Robert Kagan who is the husband of Victoria Nuland who supported the coup in Ukraine back in 2014, only Europe and the US can lead the global population into a just, prosperous future even though they are responsible for many of the problems the world faces today.  The fact is that Western powers support and sometimes participate in continues wars, maintain colonial possessions, impose economic and political sanctions against those who did not follow orders to offering poor nations loans from globalist institutions such as the World Bank or the IMF that can never be repaid to organizing regime change and coups against governments they don’t like.  This is not to say that there are a handful of countries in the Global South who will betray their people for political or economic gain who will join the West if the opportunity arises such as the Brazilian president, Lula De Silva.  Overall, it is the West who has created most of the disorder, darkness, and chaos around the world in the first place. 

As for Russia, Lehne says that “Russia turned into an aggressive revisionist power.”  But he fails to mention that the actions by US-NATO forces politically and militarily caused Russia to become aggressive.  “As demonstrated by Russia’s war in Georgia in 2008, its annexation of Crimea and intervention in the Donbas in 2014, and its invasion of Ukraine in 2022, the leadership in Moscow is determined to reverse some of the losses of the 1990s, increase Russia’s territory, and establish robust zones of influence.”  So now Russia wants to expand its territory?  So after, Ukraine the Russians will invade Poland, Finland, perhaps Italy, maybe Spain?    

I disagree with Lehne’s conclusion that “Globalization has slowed but will not be completely reversed.”  The Global South is already reversing the stranglehold of Western powers on many levels.  One good example is what is happening in the African country of Burkina Faso as the government demanded that French troops withdraw from the country during rising tensions between both governments according to an africanews.com in a recent article ‘Burkina Faso confirms demanding France to withdraw troops’ reported that “The Burkina Faso government clarified on Monday that it has asked ex-colonial ruler France to pull its troops out of the insurgency-hit country within a month.”  France has more than 400 special forces troops in what is called the junta-ruled nation.  Spokesman Jean-Emmanuel Ouedraogo told Radio-Television du Burkina that“We are terminating the agreement which allows French forces to be in Burkina Faso,” government.”  He said that diplomatic relations will not end despite increasing tensions between both governments, but that is just one example.  Stepan Lehne believes that economic interdependence and international communications will need Western institutions and that is why he believes that the “the current multilateral system inherited from the postwar period will therefore survive.”  Lehne does see the reality that the world order is becoming irrelevant in the years to come “But the commitment to its rules will continue to diminish, and power politics and transactional dealmaking will often prevail.” 

The US-NATO Agenda: Balkanize Russia and Then Go to War Against China

As we all know, the US-NATO alliance is waging a proxy war in Ukraine to destabilize Russia. The ultimate goal is to balkanize Russia as they did to the former Yugoslavia.  Washington’s war hawks both Democrat and Republican, long dreamed of breaking up Russia to prevent it from becoming a rising political and economic power on the world stage.  Russia hater Zbigniew Brzezinski, a former US national security advisor to President, Jimmy Carter, a professor at Columbia University and a member of the Council of Foreign Relations (CFR) and the Bilderberg group wrote ‘The Grand Chessboard: American Primacy and Its Geostrategic Imperatives’ which was published in 1998 clearly stated that “It is imperative that no Eurasian challenger emerges, capable of dominating Eurasia and thus of also challenging America.”

As for the rise of China, the US is in the stages of planning for a war.   On January 28th, 2023, Reuter’s published ‘U.S. four-star general warns of war with China in 2025’ that “A four-star U.S. Air Force general said in a memo that his gut told him the United States would fight China in the next two years” General Mike Minihan, who heads the Air Mobility Command said, “I hope I am wrong,” he continued “My gut tells me will fight in 2025.”  The bottom line is that the US and European bureaucrats, international bankers, corporations, intelligence agencies and their Military-Industrial Complex known as the MIC all fear a multipolar world and that’s why the talk of war with Russia and China is a major part of their agenda. 

A joint statement between Russia and China was released on February 4th, here is part of the statement:

The sides support the deepened strategic partnership within BRICS, promote the expanded cooperation in three main areas: politics and security, economy and finance, and humanitarian exchanges. In particular, Russia and China intend to encourage interaction in the fields of public health, digital economy, science, innovation and technology, including artificial intelligence technologies, as well as the increased coordination between BRICS countries on international platforms. The sides strive to further strengthen the BRICS Plus/Outreach format as an effective mechanism of dialogue with regional integration associations and organizations of developing countries and States with emerging markets

The West fears the BRICS coalition and their potential to draw in the rest of the Global South.  Speaking of the Global South, an interesting analysis by the Bennet Institute for Public Policy’ sponsored by the University of Cambridge called the ‘War in Ukraine widens global divide in public attitudes to US, China and Russia – report’ suggests that the Global South and their support for China, Russia or both has increased significantly: 

However the report also identifies a zone of illiberal and undemocratic societies, stretching from East Asia through the Middle East and out towards West Africa, characterised by the exact opposite trend: populations that have steadily increased support for China, Russia, or both, in recent years. 

Among the 1.2 billion people who inhabit the world’s liberal democracies, three-quarters (75%) now hold a negative view of China, and 87% a negative view of Russia, according to the report, published today by the University’s Centre for the Future of Democracy (CFD).

Yet among the 6.3 billion who live in the world’s remaining 136 countries, the opposite is the case – with 70% of people feeling positively towards China and 66% towards Russia.  The analysis includes significant public opinion data from emerging economies and the Global South, and suggests this divide is not just economic or strategic but based in personal and political ideology

Is the Idea of a New World Order Dead?  

The Multipolar world is becoming a reality for Washington, Brussels, and the rest of their allies as their relevance is starting to diminish in the coming years, but Washington and its NATO lapdogs are willing to launch World War III against Russia and China and whoever they consider an enemy even if it means starting a nuclear war so that their world order remains relevant.  Is the West willing to risk a nuclear war for the sake of their world order even if it kills them in the process?  In the case of a nuclear war, where will the Western bureaucrats, bankers, corporate leaders, and their families run to?  Patagonia, Argentina? perhaps to one of the small islands in the pacific, maybe Fiji?  These Western leaders do not care about their citizens, they are psychopaths who are power hungry, and they will do anything they can to remain in power even if it means that their own lives will be at risk in the event of a nuclear war between the east and the west.  

Hopefully, the West will come to its senses and try to make peace with the rest of the world and abandon its idea of globalism, but from what we see in the war in Ukraine and their saber-rattling with China over Taiwan, they won’t.  Globalist David Rockefeller once said that “We are on the verge of a global transformation. All we need is the right major crisis and the Nations will accept the New World Order!” well, Rockefeller must be rolling in his grave because the world is experiencing a different kind of crisis that is challenging the economic, political, and military landscape that has been in place for centuries.    

Will there be problems and conflicts in a Multipolar world? maybe, anything is possible, but it is fair to say that the world needs something different because from what has happened in the last 500 years with Britain, France, Spain, and the Netherlands and centuries later, the US as global rulers, they only led the world to endless wars and bloodshed, so it’s time for a change.  What the world needs a new system where diplomacy, respect, and trade is the rule of law rather than wars, regime change, economic sanctions, interfering in foreign elections, biological warfare, and political assassinations.  A Multipolar world has the chance to establish a balanced landscape where no Western power can dictate its rules-based order to its former colonies and to the rest of the planet, a new landscape where even the thought of a nuclear war becomes unthinkable, and that’s the kind of world we all want. 

The U.S. empire is collapsing.

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Credit: JOEL PETT

By Eric Zuesse

Source: The Duran

The U.S. empire was initiated, on 25 July 1945, by U.S. President Harry Truman, upon the advice of his hero Dwight Eisenhower, but the U.S. empire — the only empire that remained after WW II — has been successfully hidden from its publics, never self-acknowledged, despite now having 900 foreign U.S. military bases in its colonies (‘allies’) around the world, and despite having become, by now, by far and overwhelmingly, the largest empire that has ever existed, in all of world history. (And those 900 foreign military bases are in addition to America’s 749 domestic U.S. military bases.)

But, now, this largest-ever empire in world history is finally in the process of collapsing. This collapse will be documented here, first of all by documenting how extreme the lies by the empire’s rulers (“The Emperor has no clothes” that are true — that actually exist) have become, and the desperateness of those persons’ fabrications of ‘news’, and consequently of ‘history’, because it is by means of their lies that we can truthfully understand whom and what they actually are.

On 9 December 2016, the great independent war journalist, Eva Bartlett, addressed the U.N., representing only herself as an independent journalist who had been to Syria many times, not representing any of the war’s combatants. And here was her 19-minute presentation, which is stunning to watch, and which is 100% true (as I know it to be, on the basis of my own independent sources):

“Western media lies about Syria exposed (Canadian journalist Eva Bartlett)”

VIDEO, 19 mins., Eva Bartlett, 10 December 2016, U.N., NYC

That’s an archived youtube, not the original youtube, because youtube had forced its uploader/owner to remove it from each one of its postings at youtube:

https://www.youtube.com/watch?v=g1VNQGsiP8M  FORCED OFF BY YOUTUBE

https://web.archive.org/web/20170428135437/https://www.youtube.com/watch?v=g1VNQGsiP8M  Saved in archive.

https://www.youtube.com/watch?app=desktop&v=g1VNQGsiP8M  FORCED OFF BY YOUTUBE

https://web.archive.org/web/20211225000619/https://www.youtube.com/watch?app=desktop&v=g1VNQGsiP8M Saved in archive.

https://m.youtube.com/watch?v=g1VNQGsiP8M  FORCED OFF BY YOUTUBE

https://web.archive.org/web/20221030031919/https://m.youtube.com/watch?v=g1VNQGsiP8M  Saved in archive.

The site’s owner explained, on 1 February 2023, that he had been forced by youtube to cancel his videos: https://www.youtube.com/watch?v=5JYWDjmnMxM; so, I several times archived his explanation, in case youtube will force that video (his explanation) to become removed, too: https://web.archive.org/web/20230304172339/https://www.youtube.com/watch?v=5JYWDjmnMxM.

(I have previously explained some of the techniques that the U.S. Government and its allies have employed in order to reduce the size of my own audience.)

There’s lots more about the U.N.’s knowledge that the U.S. Government has been hiring proxy-forces to destroy Syria unless the U.S. Government will succeed in placing the Saud family into control over Syria. And even when the U.N. was presented conclusive evidence that the U.S. had suborned perjury to declare Syria’s Government a violator of chemical-weapons bans, that evidence was simply ignored by U.N. officials.

And the war in Ukraine is at least as much lied-about by the U.S. Government and its colonies (colonies other than the post-2013 U.S.-coup-controlled Ukraine itself, which the U.S. Government is using as the main battleground for its war since 1945 to conquer Russia). And, of course, the U.S. Government is calling “fiction” American investigative journalist Seymour Hersh’s report on how the U.S. President Joe Biden ordered and (in coordination with Norway’s Government) blew up and destroyed the Nord Stream pipelines of Russian gas into Germany.

And, also, America’s entirely lie-based war against Iraq in 2003 was another example of the U.S. Government and its ‘news’-media constantly lying to and treating with unlimited contempt its own population.

There are so many other similar examples, such as the U.S. Government’s having signed to agreements with China’s Government that Taiwan is a part of China, versus the same U.S. Government sending weapons and troops to Taiwan in order to encourage that Chinese province’s local government to declare itself NOT to be a part of China.

There is apparently no limit to the absurdity and profusion of U.S. Government (and its ‘news’-media’s) lies, which are its war against the global public. This is how desperate they now are. Are they desperate enough to launch a nuclear war against Russia and/or China on the basis of their lies? That is the question.

It Is The Mass Media’s Job To Help Suppress Anti-War Movements

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By Caitlin Johnstone

Source: CaitlinJohnstone.com

In a new article titled “European antiwar protests gain strength as NATO’s Ukraine proxy war escalates,” The Grayzone’s Stavroula Pabst and Max Blumenthal document the many large demonstrations that have been occurring in France, the UK, Germany, Greece, Spain, the Czech Republic, Austria, Belgium and elsewhere opposing the western empire’s brinkmanship with Russia and proxy warfare in Ukraine.

Pabst and Blumenthal conclude their report with a denouncement of the way the western media have either been ignoring or sneering at these protests while actively cheerleading smaller demonstrations in support of arming Ukraine.

“When Western media has not ignored Europe’s antiwar protest wave altogether, its coverage has alternated between dismissive and contemptuous,” they write. “German state broadcaster Deutsche Welle sneeringly characterized the February 25 demonstration in Berlin as ‘naive’ while providing glowing coverage to smaller shows of support for the war by the Ukrainian diaspora. The New York Times, for its part, mentioned the European protests in just a single generic line buried in an article on minuscule anti-Putin protests held by Russian emigres.”

This bias is of course blatantly propagandistic, which won’t surprise anyone who understands that the mainstream western media exist first and foremost to administer propaganda on behalf of the US-centralized empire. And chief among their propaganda duties is to suppress the emergence of a genuine peace movement.

As we’ve discussed previously, it has never in human history been more urgent to have a massive, forceful protest movement in opposition to the empire’s rapidly accelerating trajectory toward a global conflict against Russia and China. Other peace movements have arisen in the past in response to horrific wars which would go on to claim millions of lives, but a world war in the Atomic Age could easily wind up killing billions, and must never be allowed to happen.

And yet the public is not treating this unparalleled threat with the urgency it deserves. A few protests here and there is great, but it’s not nearly enough. And the reason the people have not answered the call is because the mass media have been successfully propagandizing them into accepting the continuous escalations toward world war that we’ve been seeing.

People aren’t going to protest what their government is doing if they believe that what their government is doing is appropriate, and the only reason so many people believe what their government is doing with regard to Russia and China is appropriate is because they have been propagandized into thinking so.

The mass media are not telling the public about the many well documented western provocations which led to the war in Ukraine and sabotaged peace at every turn; they’re just telling everyone that Putin invaded because he’s an evil Hitler sequel who loves killing and hates freedom. The mass media are not telling the public about the way the US empire has been encircling China with war machinery in ways it would never permit itself to be encircled while deliberately staging incendiary provocations in Taiwan; they’re just telling everyone that China is run by evil warmongering tyrants. The mass media are not reminding the public that after the fall of the Soviet Union the US empire espoused a doctrine asserting that the rise of any foreign superpower must be prevented at all cost; they’re letting that agenda fade into the memory hole.

Because people believe Russia and China are the sole aggressors and the US and its allies are only responding defensively to those unprovoked aggressions, they don’t see the need for a mass protest movement against their own governments. If you tell the average coastal American liberal that you’re holding a protest about the war in Ukraine, they’re going to assume you mean you’re protesting against Putin, and they’ll look at you strangely if you tell them you’re actually protesting your own government’s aggressions.

The narrative that Russia and China are acting with unprovoked aggression actually prevents peace, because if your government isn’t doing anything to make things worse, then there’s nothing it can change about its own behavior to make things better. But of course there is a massive, massive amount that the western power alliance can change about its own behavior with regard to Russia and China that would greatly improve matters. Instead of working to subordinate the entire planet to the will of Washington and its drivers, they can work toward de-escalation, diplomacy and detente.

We’re not going to get de-escalation, diplomacy and detente unless the people use the power of their numbers to demand those things, and the people are not going to use the power of their numbers to demand those things as long as they are successfully propagandized not to. This means propaganda is the ultimate problem that needs to be addressed. Ordinary people can only address it by waking the public up to the fact that the political/media class are lying to them about what’s happening with Russia and China, using whatever means we have access to.

So that’s what we need to do. We need to fight the imperial disinformation campaign using information. Tell people the truth using every medium available to us to sow distrust in the imperial propaganda machine, because propaganda only works if you don’t know it’s happening to you.

Our rulers are always babbling about how they’re fighting an “information war” against enemy nations, but in reality they’re fighting an information war against normal westerners like us. So we must fight back. We need to cripple public trust in the propaganda machine and begin awakening one another from our propaganda-induced sleep, so that we can begin organizing against the horrific end they are driving us toward.

A Nanny State Idiocracy: When the Government Thinks It Knows Best

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By John & Nisha Whitehead

Source: The Rutherford Institute

“Whether the mask is labeled fascism, democracy, or dictatorship of the proletariat, our great adversary remains the apparatus—the bureaucracy, the police, the military.”—Simone Weil, French philosopher

It’s hard to say whether we’re dealing with a kleptocracy (a government ruled by thieves), a kakistocracy (a government run by unprincipled career politicians, corporations and thieves that panders to the worst vices in our nature and has little regard for the rights of American citizens), or if we’ve gone straight to an idiocracy. 

For instance, an animal welfare bill introduced in the Florida state legislature would ban the sale of rabbits in March and April, prohibit cat owners from declawing their pets, make it illegal for dogs to stick their heads out of car windows, force owners to place dogs in a harness or in a pet seatbelt when traveling in a car, and require police to create a public list of convicted animal abusers.

A Massachusetts law prohibits drivers from letting their cars idle for more than five minutes on penalty of a $100 fine ($500 for repeat offenders), even in the winter. You can also be fined $20 or a month in jail for scaring pigeons.

This overbearing Nanny State despotism is what happens when government representatives (those elected and appointed to work for us) adopt the authoritarian notion that the government knows best and therefore must control, regulate and dictate almost everything about the citizenry’s public, private and professional lives.

The government’s bureaucratic attempts at muscle-flexing by way of overregulation and overcriminalization have reached such outrageous limits that federal and state governments now require on penalty of a fine that individuals apply for permission before they can grow exotic orchids, host elaborate dinner parties, gather friends in one’s home for Bible studies, give coffee to the homeless, let their kids manage a lemonade stand, keep chickens as pets, or braid someone’s hair, as ludicrous as that may seem.

Consider, for example, that businesses in California were ordered to designate an area of the children’s toy aisle “gender-neutral” or face a fine, whether or not the toys sold are traditionally marketed to girls or boys such as Barbies and Hot Wheels. California schools are prohibited from allowing students to access websites, novels or religious works that reflect negatively on gays. And while Californians are free to have sex with whomever they choose (because that’s none of the government’s business), removing a condom during sex without consent could make you liable for general, special and punitive damages.

It’s getting worse.

Almost every aspect of American life today—especially if it is work-related—is subject to this kind of heightened scrutiny and ham-fisted control, whether you’re talking about aspiring “bakers, braiders, casket makers, florists, veterinary masseuses, tour guides, taxi drivers, eyebrow threaders, teeth whiteners, and more.”

For instance, whereas 70 years ago, one out of every 20 U.S. jobs required a state license, today, almost 1 in 3 American occupations requires a license.

The problem of overregulation has become so bad that, as one analyst notes, “getting a license to style hair in Washington takes more instructional time than becoming an emergency medical technician or a firefighter.”

This is what happens when bureaucrats run the show, and the rule of law becomes little more than a cattle prod for forcing the citizenry to march in lockstep with the government.

Overregulation is just the other side of the coin to overcriminalization, that phenomenon in which everything is rendered illegal and everyone becomes a lawbreaker.

As policy analyst Michael Van Beek warns, the problem with overcriminalization is that there are so many laws at the federal, state and local levels—that we can’t possibly know them all.

“It’s also impossible to enforce all these laws. Instead, law enforcement officials must choose which ones are important and which are not. The result is that they pick the laws Americans really must follow, because they’re the ones deciding which laws really matter,” concludes Van Beek. “Federal, state and local regulations — rules created by unelected government bureaucrats — carry the same force of law and can turn you into a criminal if you violate any one of them… if we violate these rules, we could be prosecuted as criminals. No matter how antiquated or ridiculous, they still carry the full force of the law. By letting so many of these sit around, just waiting to be used against us, we increase the power of law enforcement, which has lots of options to charge people with legal and regulatory violations.”

This is the police state’s superpower: it has been vested with the authority to make our lives a bureaucratic hell.

That explains how a fisherman can be saddled with 20 years’ jail time for throwing fish that were too small back into the water. Or why police arrested a 90-year-old man for violating an ordinance that prohibits feeding the homeless in public unless portable toilets are also made available.

The laws can get downright silly. For instance, you could also find yourself passing time in a Florida slammer for such inane activities as singing in a public place while wearing a swimsuit, breaking more than three dishes per day, farting in a public place after 6 pm on a Thursday, and skateboarding without a license.

However, the consequences are all too serious for those whose lives become grist for the police state’s mill. A few years back, police raided barber shops in minority communities, resulting in barbers being handcuffed in front of customers, and their shops searched without warrants. All of this was purportedly done in an effort to make sure that the barbers’ licensing paperwork was up to snuff.

In this way, America has gone from being a beacon of freedom to a locked down nation. And “we the people,” sold on the idea that safety, security and material comforts are preferable to freedom, have allowed the government to pave over the Constitution in order to erect a concentration camp.

We labor today under the weight of countless tyrannies, large and small, carried out in the so-called name of the national good by an elite class of governmental and corporate officials who are largely insulated from the ill effects of their actions.

We increasingly find ourselves badgered, bullied and browbeaten into bearing the brunt of their arrogance, paying the price for their greed, suffering the backlash for their militarism, agonizing as a result of their inaction, feigning ignorance about their backroom dealings, overlooking their incompetence, turning a blind eye to their misdeeds, cowering from their heavy-handed tactics, and blindly hoping for change that never comes. 

The overt signs of the despotism exercised by the increasingly authoritarian regime that passes itself off as the United States government (and its corporate partners in crime) are all around us: censorship, criminalizing, shadow banning and de-platforming of individuals who express ideas that are politically incorrect or unpopular; warrantless surveillance of Americans’ movements and communications; SWAT team raids of Americans’ homes; shootings of unarmed citizens by police; harsh punishments meted out to schoolchildren in the name of zero tolerance; community-wide lockdowns and health mandates that strip Americans of their freedom of movement and bodily integrity; armed drones taking to the skies domestically; endless wars; out-of-control spending; militarized police; roadside strip searches; privatized prisons with a profit incentive for jailing Americans; fusion centers that spy on, collect and disseminate data on Americans’ private transactions; and militarized agencies with stockpiles of ammunition, to name some of the most appalling.

Yet as egregious as these incursions on our rights may be, it’s the endless, petty tyrannies—the heavy-handed, punitive-laden dictates inflicted by a self-righteous, Big-Brother-Knows-Best bureaucracy on an overtaxed, overregulated, and underrepresented populace—that illustrate so clearly the degree to which “we the people” are viewed as incapable of common sense, moral judgment, fairness, and intelligence, not to mention lacking a basic understanding of how to stay alive, raise a family, or be part of a functioning community.

In exchange for the promise of an end to global pandemics, lower taxes, lower crime rates, safe streets, safe schools, blight-free neighborhoods, and readily accessible technology, health care, water, food and power, we’ve opened the door to lockdowns, militarized police, government surveillance, asset forfeiture, school zero tolerance policies, license plate readers, red light cameras, SWAT team raids, health care mandates, overcriminalization, overregulation and government corruption.

In the end, such bargains always turn sour.

We relied on the government to help us safely navigate national emergencies (terrorism, natural disasters, global pandemics, etc.) only to find ourselves forced to relinquish our freedoms on the altar of national security, yet we’re no safer (or healthier) than before.

We asked our lawmakers to be tough on crime, and we’ve been saddled with an abundance of laws that criminalize almost every aspect of our lives. So far, we’re up to 4500 criminal laws and 300,000 criminal regulations that result in average Americans unknowingly engaging in criminal acts at least three times a day. For instance, the family of an 11-year-old girl was issued a $535 fine for violating the Federal Migratory Bird Act after the young girl rescued a baby woodpecker from predatory cats.

We wanted criminals taken off the streets, and we didn’t want to have to pay for their incarceration. What we’ve gotten is a nation that boasts the highest incarceration rate in the world, with more than 2.3 million people locked up, many of them doing time for relatively minor, nonviolent crimes, and a private prison industry fueling the drive for more inmates, who are forced to provide corporations with cheap labor.

A special report by CNBC breaks down the national numbers:

One out of 100 American adults is behind bars — while a stunning one out of 32 is on probation, parole or in prison. This reliance on mass incarceration has created a thriving prison economy. The states and the federal government spend about $74 billion a year on corrections, and nearly 800,000 people work in the industry.

We wanted law enforcement agencies to have the necessary resources to fight the nation’s wars on terror, crime and drugs. What we got instead were militarized police decked out with M-16 rifles, grenade launchers, silencers, battle tanks and hollow point bullets—gear designed for the battlefield, more than 80,000 SWAT team raids carried out every year (many for routine police tasks, resulting in losses of life and property), and profit-driven schemes that add to the government’s largesse such as asset forfeiture, where police seize property from “suspected criminals.”

According to the Washington Post, these funds have been used to buy guns, armored cars, electronic surveillance gear, “luxury vehicles, travel and a clown named Sparkles.” Police seminars advise officers to use their “department wish list when deciding which assets to seize” and, in particular, go after flat screen TVs, cash and nice cars.

In Florida, where police are no strangers to asset forfeiture, Florida police have been carrying out “reverse” sting operations, where they pose as drug dealers to lure buyers with promises of cheap cocaine, then bust them, and seize their cash and cars. Over the course of a year, police in one small Florida town seized close to $6 million using these entrapment schemes.

We fell for the government’s promise of safer roads, only to find ourselves caught in a tangle of profit-driven red light cameras, which ticket unsuspecting drivers in the so-called name of road safety while ostensibly fattening the coffers of local and state governments. Despite widespread public opposition, corruption and systemic malfunctions, these cameras—used in 24 states and Washington, DC—are particularly popular with municipalities, which look to them as an easy means of extra cash.

One small Florida town, population 8,000, generates a million dollars a year in fines from these cameras. Building on the profit-incentive schemes, the cameras’ manufacturers are also pushing speed cameras and school bus cameras, both of which result in heft fines for violators who speed or try to go around school buses.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, this is what happens when the American people get duped, deceived, double-crossed, cheated, lied to, swindled and conned into believing that the government and its army of bureaucrats—the people we appointed to safeguard our freedoms—actually have our best interests at heart.

The problem with these devil’s bargains is that there is always a catch, always a price to pay for whatever it is we valued so highly as to barter away our most precious possessions.

We’ve bartered away our right to self-governance, self-defense, privacy, autonomy and that most important right of all: the right to tell the government to “leave me the hell alone.”

Showdown in Ukraine

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Hobbled US Turns to War to Preserve its Waning Primacy

By Mike Whitney

Source: The Unz Review

The future of humanity will be decided on a battlefield in Ukraine. That’s no exaggeration. The conflict between the United States and Russia will determine whether global economic integration will expand within an evolving multi-polar system or if the “rules-based order” will succeed in crushing any opponent to its Western-centric model. This is what’s taking place in Ukraine today, in fact, all of the recent government-prepared documents related to national security identify Russia and China as the greatest threats to US hegemony. For example, take a look at this brief clip from the 2021 Congressional Research Service Report titled Renewed Great Power Competition: Implications for Defense—Issues for Congress:

The U.S. goal of preventing the emergence of regional hegemons in Eurasia… is a policy choice reflecting two judgments: (1) that given the amount of people, resources, and economic activity in Eurasia, a regional hegemon in Eurasia would represent a concentration of power large enough to be able to threaten vital U.S. interests….

From a U.S. perspective on grand strategy and geopolitics, it can be noted that most of the world’s people, resources, and economic activity are located not in the Western Hemisphere, but in the other hemisphere, particularly Eurasia. In response to this basic feature of world geography, U.S. policymakers for the last several decades have chosen to pursue, as a key element of U.S. national strategy, a goal of preventing the emergence of regional hegemons in Eurasia.” (“Renewed Great Power Competition: Implications for Defense—Issues for Congress”, US Congress)

That sums up US foreign policy in a nutshell; “prevent the emergence of a regional hegemon” at all cost. Now check out this summary of the 2022 US National Defense Strategy by Andre Damon at the World Socialist Web Site:

These documents, which were not seriously discussed in the US media, make clear the fundamental falsehood that the massive US military buildup this year is a response to “Russian aggression.” In reality, in the thinking of the White House and Pentagon war planners, the massive increases in military spending and plans for war with China are created by “dramatic changes in geopolitics, technology, economics, and our environment.”

These documents make clear that the United States sees the economic rise of China as an existential threat, to be responded to with the threat of military force. The United States sees the subjugation of Russia as a critical stepping stone toward the conflict with China.” (“Pentagon national strategy document targets China”, Andre Damon, World Socialist Web Site)

These two excerpts are by no means a comprehensive summary of US foreign policy objectives, but they are a pretty effective thumbnail sketch. Bottom line: The war in Ukraine is not about Ukraine. America’s clearly articulated strategic objectives are as follows: To weaken Russia, topple its leader, take control of its vast natural resources and move on to containing China. Simply put, Washington’s escalating aggression in Ukraine is a Hail Mary pass aimed at containing emerging centers of economic power in order to preserve its waning position in the global order.

This is the geopolitical chess match that is being played behind the cover of “a war against Russia’s unprovoked aggression.” People should not be hoodwinked by that absurd deception. This war was concocted as a desperate attempt for the United States to defend its flickering global hegemony. That’s what Ukraine is really all about. It’s a clash between the warmongering western oligarchs who have a stranglehold on the US media and political establishment and the emerging economies that are using the market system to link their resources and manufactured goods to countries around the world through “high-speed” infrastructure and cooperative development.

So, the question everyone must ask themselves is this: Do you want to see more economic integration, lower prices, more shared prosperity and less war or another 80 years of onerous and arbitrary sanctions, color-coded revolutions, regime change operations, genocidal interventions and bioweapon warfare (Covid-19)? Which do you want?

Perhaps, you are one of the millions of Americans who believe that China is an enemy of the United States. Perhaps, you are also unaware of the role the US played in creating modern China. Here’s a question for you: Did the US and western corporations move their operations en masse to China to escape the high costs of production in the US?

answer– Yes, they did.

And, did they betray US workers because they didn’t want a fair wage to interfere with their excessive profit-making?

answer– Yep.

And, did they offshore their businesses, outsource their product manufacturing and do everything in their power to make themselves winners while robbing American workers of the opportunity of making a decent wage so they could put food on the table?

answer– They sure did.

Then who is actually responsible for the rise of China?

answer– Western corporations are responsible. If Americans want to blame someone, blame them!

But now the corporate mandarins and other elites are unhappy with China because China will not allow them to take control over their markets, financial system and currency as they have in America. So now these same cutthroat corporations want us to fight a war with the monster that they created?

Can you see that? Can you see that the relentless provocations against China have nothing to do with US national security or US interests. We are being led by the nose to fight and die for the cadres of voracious western oligarchs who have settled on China as the next target of their grand looting operation.

But let’s forget the past for a minute and focus on the future, after all, that’s what really matters, right?

Well then, which country has a more “positive vision” for the future: China or the United States?

Have you ever heard of China’s Belt and Road Initiative, the massive, multi trillion-dollar infrastructure plan that is the centerpiece of China’s foreign policy? It is the biggest infrastructure program in history and more 150 countries have invested in the plan already. It is a development-oriented project aimed at increasing connectivity through high-speed rail, shipping lanes and ports, skyscrapers, railroads, roads, bridges, airports, dams, power stations, and railroad tunnels. By increasing the speed of travel, China’s products and merchandise will get to markets faster generating greater prosperity for itself and for the other countries involved. And, keep in mind, the BRI will link countries around the world in a high-speed system that will not require its participants to follow a specific economic model dictated by Beijing. In other words, the Belt and Road Initiative is free market economics without the politics. It’s a “win-win” situation for everyone, a guarantee of mutual prosperity absent political manipulation, coercion or exploitation.

The venal oligarchs that run the US can’t even imagine a project of this scale or potential. In fact, they can’t even pony-up enough money to keep the trains on the rails in America. The profits these billionaire parasites extract from their activities invariably come from stock buybacks, tax evasion, and other sleight-of-hand, debt-layering ponzi-scams that benefit no one and merely shift more of the nation’s wealth into their own bulging bank accounts. Of course, ripping off the country would be bad enough, but now we see how this same class of miscreants have settled on public health as a means for amplifying their political power so they can impose repressive, police-state measures that greatly curtail the freedom of the entire population. In short, they want absolute social control and they aren’t going to let-up until they get it.

Where is the “positive vision” in this behavior?

There isn’t one. America used to be a country of ideas, ideals and vision. Now it is an oligarch-run detension center in which all hope for the future has been ruthlessly extinguished by a handful of mercenary billionaires.

At least, in the case of China, we can imagine a better, more prosperous world that is interconnected and more accessible to everyone. But what about the United States? Are we supposed to believe that fighting a war in eastern Europe is going to improve our lives? Are we supposed to believe that the only way “we can stay on top” is by pushing everyone else down? Are we expected to hate China and Russia even while our own government demonizes 80 million of us for voting for the wrong presidential candidate or for not supporting the terrorists who burn and loot our cities or for believing that the people in East Palestine are more deserving of our support and assistance than the Nazi stormtroopers in Kiev?

The fact is, our leaders cannot imagine devoting public resources to a giant interconnected infrastructure project like BRI, because that would mean less lucre for themselves. So, they’ve decided to destroy it just like they destroyed Nord Stream. Just read the press reviews on this groundbreaking project. Western journalists can’t find a ‘good word’ to say about it. A vast area in the center of America was fiendishly nuked with vinyl chloride, butyl acrylate and isobutylene, but the western media would rather criticize China’s ambitious BRI project than hold their paymasters accountable. Go figure.

The same rule applies to Russia. The Biden team and their wealthy allies don’t want closer relations between Germany and Russia because closer relations mean more prosperity for both countries, and Washington can’t have that, which is why they blew up the pipeline that was Germany’s lifeline to cheap fuel. That’s how Washington solved the problem. It pushed Germany and Russia down so the US could remain on top. Who doesn’t see this?

In contrast, the Belt and Road Initiative provides a positive vision for the future, which is an idea that the majority of the world supports. It puts us on a path to an interconnected world in which people can raise their standards of living, make a meaningful contribution to their communities, and enjoy their own culture and traditions without fear of being sanctioned, incarcerated or bombed to death. This is an excerpt from China’s Global Times:

The China-proposed Belt and Road Initiative (BRI) has already become a well-received international public good and an important platform for international cooperation…

“BRI transcends the outdated mentality of geopolitical games, and created a new model of international cooperation. It is not an exclusive group that excludes other participants but an open and inclusive cooperation platform. It is not just China’s solo effort, but a symphony performed by all participating countries….

Since the Belt and Road Initiative (BRI) was proposed in 2013, the initiative has always been development-oriented, and consistent efforts have been made to ensure that it is high-standard, sustainable and people-centered….

By August, China’s goods trade with countries participating in the BRI had reached around $12 trillion and the country’s non-financial direct investment in those countries surpassed $140 billion. … By the end of 2021, Chinese enterprises had invested $43 billion in the construction of economic and trade cooperation zones in BRI countries, creating more than 340,000 local jobs, official data showed…

China is open to other countries’ and regions’ participation in the BRI and is considering connecting with infrastructure initiatives proposed by other nations to provide more good-quality public goods for the world…. China hopes to join hands with all partners to advance the high-quality development … stressing that China aims to strive for global connection rather than fragmentation, for mutual opening-up rather than shutting doors, for mutual integration rather than zero-sum games. (“BRI remains open, inclusive for all, transcends the outdated mentality of geopolitical games“, Global Times)

What is the American-led project that rivals the Belt and Road Initiative?

There isn’t one. The US allocates over $1 trillion per year for lethal weaponry and war-making, and trillions more to bail out the Wall Street banksters, and trillions more to shut down all the businesses across the country that were forced to comply with the diktats of billionaire elites who wanted to inject the population with their toxic slurry, but zero for any global infrastructure project that would peacefully bring the world’s people closer together through commerce and recreation.

No one is saying that China is perfect, at least, I’m not. Nor do I want to live in China. I don’t. I’m an American and I plan to die here.

But I’m not blind. It’s easy to see that this war with Russia has nothing to do with “unprovoked aggression.” That is merely a smokescreen that’s being used to conceal the real objective, which is to preserve America’s global hegemony. What we need to do now, is honestly analyze ‘what is happening’; try to understand ‘why it is happening’, and, then, figure out what the outcome will be if the United States prevails. In other words, do we want to perpetuate an oligarch-controlled system that crushes Russia, contains China, starves Europe of the energy it needs, sabotages the Belt and Road infrastructure plan and reinforces the same failed policies that brought us Afghanistan, Libya, Syria and Iraq?

Do we want that? Do YOU want that?

The American people want their government to cooperate with other nations in order to create a more prosperous and peaceful world. They don’t want a new world order and they certainly don’t want a Third World War.