What You May Not Know About Today’s Economic War

By Phil Butler

Source: New Eastern Outlook

Many people believe the world is spiraling in a downward freefall toward Armageddon. At the same time billions on Earth feel the sting of crippling poverty, sanctions, and austerity imposed by the elites – the numbers of billionaires have risen geometrically. And so have those billionaire’s profits. It’s time we took a closer look at where we stand as of 2018, if we are to be left anything at all to cling to. From the steppes of Russia to the ancient lands of the Minoans, economic terror now reigns.

When I left Germany for Greece several months ago, the common belief there was that the “lazy Greeks” were part of the cause of Deutsche banker discomfort. My neighbors in Germany’s oldest city of Trier honestly believe the bailout of Greece is because Greeks unwilling to work hard. The bitter irony of this believe lies in the fact the average German would melt under the workload of the average citizen here in Heraklion on Crete. As an American what I witnessed in Germany can only be considered a “part-time” employment state. But here in Greece the average person works seven days a week, and usually at more than one job. This microeconomic perception is one that has been implanted by state and corporate controlled media in Germany. There’s a very good reason for this, which I will now explain.

A New Secret Economic Weapon – Organized Failures

The International Monetary Fund, the German and American bankers, the globalist elites who control financial systems in the so-called “west” – they’ve been on a mission since 2008. The “meltdown” of markets when Barack Obama first took office as American president was not some random and chaotic economic mistake. Wall Street and the global markets were turned upside down on purpose. In his book “Secret Weapon”, the CEO of Freeman Global Holdings and a New York Times bestselling author Kevin Freeman presents a persuasive chain of evidence pointing to the fact the crash of September 2008 was the result of a deliberate and well-prepared act of sabotage. Even though the author blames competing governments like China and Iran for what he terms “economic terrorism”, his proofs and theories are correct in so far as the “meltdown” being on purpose. The fact Freeman is founder and chairman of the NSIC Institute, and a Senior Fellow of the Center for Security Policy suggests his work may be a double dealing by the financial community to obscure the real perpetrators. But for my report it’s more important to follow the trail of financial chaos to our financial reality.

Freeman is not alone in his suggestion the economic crisis was a conspiracy. The financial disaster of 2008 costs Americans nearly $20 trillion dollars, as framed in this Forbes piece by investment banker and former Forbes editor, Robert Lenzner. In the report the financial guru inadvertently points the finger at Goldman Sachs and Citigroup, claiming the Greenspan Treasury allowed them to “master their own appetite for profits,” which in turn led to the various collapses that forced the American people to bail out the banks. Lenzner, to his great credit, goes on to describe the lurking dangers for total collapse we still face. But what about Greece, the rest of Eastern Europe, the Germans and the rest of the indebted world? Who can we blame for destroying the futures of a billion people? When I’m done your come to realize the Nazis never lost World War II. Read on.

Win-Win or Lose-Lose for Ukraine

Ukraine was turned into a “scorched Earth” when Hitler’s operation Barbarossa threatened Russia. When the armies commanded by Joseph Stalin during the German Army’s invasion of the Soviet Union in the Second World War destroyed crops and goods in their path, the invaders found nothing to fuel their advance. Today Ukraine is laid waste by an economic Barbarossa where the Russians had no opportunity to defend the steppes. Some will remember Vice President Joe Biden’s son taking a position to reap Ukrainian energy benefits. Other readers may recall when a Franklin Templton investment fund, one controlled by the Rothschild bankers, bought up 20% of Ukraine’s debts at junk bond prices. You see, the US orchestrated situation in Ukraine is not simply about events on the Maidan and the ongoing war in the Donbass as a byproduct of the geopolitics of the United States seeking to cut off Ukraine from Russia. Agri-giant Monsanto and other GMO companies had targeted Ukraine long before the events on Maidan Square, and the fact Ukraine is a Central hub in the supply of Russian gas to Europe cannot be under-stressed. Where foreign profiteering in Ukraine is concerned, this story on my blog tells of an Oakland Institute report where more than 1.6 million hectares of land in Ukraine went under the control of foreign-based corporations. This quote from the report makes my case for economic terrorism by the west for me:

“International financial institutions swooped in on the heels of the political upheaval in Ukraine to deregulate and throw open the nation’s vast agricultural sector to foreign corporations….Monsanto, Cargill, and DuPont, and how corporations are taking over all aspects of Ukraine’s agricultural system.”

These stories were more than two years ago. Today we see the catastrophic effects of the Euromaidan far from the battle front and the Donbass region’s pro-Russian separatists.

When I first learned that the forests in the Ukrainian Carpathians were being chopped to the ground back in 2016, the impending ecological disaster perpetrated by these globalist blood suckers hit home hard. This Counterpunch story tells the tale of a brand of liberty and democracy no Ukrainian can afford. Despite the aerial photos and other proofs Ukraine’s forests were being stolen from under the people, the Lviv Regional Forestry and Hunting Agency denied all such reports in customary Eastern European mafia form. The fact is, the Petro Poroshenko assisted in selling out Carpathian forests. Ecologists now predict an ecological Armageddon for western Ukraine. These photos from Censor.net prove the disaster in progress. This RT story on the firesale by the Poroshenko regime of 22 out of 34 state assets being put up for sale at a 60 percent discount leads us into the Greece situation, where the legacy of a people is up for grabs.

Those lazy Greeks! Funny, I just walked around the corner to the bakery here in Heraklion to get a coffee from the same lady I get coffee from every day. She was there Christmas, and I am sure she’ll be there behind the counter New Year’s Eve and New Year’s Day. The shopkeeper across the street, he sees Alexis Tsipras on TV and shoves an open hand toward Greece’s Prime Minister shouting; “Malaka!”, which can only be translated coldly as “jerk-off”. Also in the hotel lobby, at the donut house in the city center, and at each-and-every shop along Heraklion’s many retail districts, Greece officials are all Malakas (in ancient Greek – mentally ill) or worse. I’ll bet most Germans don’t know or care to know that the VAT in Greece is now 24%, and that the average shopkeeper pays 37% – 45% in income tax on top of the VAT for the goods they purchase. As crazy as it sounds though, Cretans are still especially friendly toward foreigners like me. If they only know what the German and American bankers did to them.

The Greece Fire Sale – A Tsipras Sellout

I just made a report about the great Greek sellout of privatization on my travel news site Argophilia Travel News this morning. Researching it prompted me to do this piece for NEO. The long and short of the Greek economic crash that was assisted by none other than Goldman Sachs, is that the same privatization the globalists had in store for Russia during the Yeltsin years is being exacted on Greeks. The latest sellout by Tsipras, who swore he’d end privatization, the Germans and Americans snapping up the Thessaloniki Port and the future of LNG shipments to Europe through Greece. I found it interesting that one of the principals in this sale, South Europe Gateway Thessaloniki (SEFT) Limited Director, Alexander von Mellenthin Has a distinguished German name. I’m not certain, but I believe he is a close relative of both General of the artillery, Horst Alexander, Alfred Paul von Mellenthin, and his brother, Major General Friedrich Wilhelm von Mellenthin, who served as Hitler’s chief of staff of the XXXXVIII Panzer Corps in the occupied Soviet Union, including the Battle of Kursk, the Battle of Kiev, and the spring 1944 retreat through the western Ukraine. The term “irony” will simply not do if Mellenthin is the son or grandson of a key Nazi general. Financial Blitzkrieg, Financial Armageddon, and the Fourth Reich finalizing the rape of Greece! Wow.

Regardless of whether or not the kin of old Nazis are expanding the Fourth Reich or not, the fact the European Commission, the International Monetary Fund and the European Central Bank have insisted on Greek and other privatization schemes as a condition for much-needed loans for bailouts is a smoking gun held by the same elites who always fuel wars. The fallacy of the “lazy Greek” lives on because of those who would reap the vast financial rewards of yet another deconstructed economy. It’s no coincidence that the Greek privatization plan’s administrator — the Hellenic Republic Asset Development Fund (TAIPED) — so closely resembles Germany’s Treuhandanstalt, or the agency charged with the privatization of East Germany’s state-owned enterprises following unification. Few readers will recall Treuhandanstalt being accused of turning over to West German big business hundreds of billions of Deutsche Marks in national property for little or nothing. And, though a number of Treuhandanstalt managers were ultimately indicted for corruption and embezzlement, this brand of pillaging has escalated in the Greece situation. There was even a plan back in 2014 to convert much of Greece’s protected coastal areas into “composite tourist villages,” a move which would essentially privatize every inch of valuable Greek seaside. Former Greek Finance Minister, Yanis Varoufakis called the Treuhandanstalt-like plan for Greece “an abomination” in this Huff Post piece. Varoufakis, who resigned on principle from the Tsipras administration, goes on to frame the Greek debt debauchery, describing the real IMF scheme:

“The plan is politically toxic, because the fund, though domiciled in Greece, will effectively be managed by the troika. It is also financially noxious, because the proceeds will go toward servicing what even the IMF now admits is an unpayable debt. And it fails economically, because it wastes a wonderful opportunity to create homegrown investments to help counter the recessionary impact…”

Yanis Varoufakis proposed to the Germans and the Rothschild bankers of Luxembourg and Frankfurt a Greek plan for repayment of the staggering debt the Goldman Sachs bankers helped usher into Greece. But the IMF and the new Reich refused, of course. His plan was for Greece to cooperate via its own newly formed central holding company for some Greek assets. The IMF and the banksters would have nothing of it, they needed complete control of what, and for how much Greece was to be auctioned off. Tsipras betrayed his country, and the only decent politician the Greeks have had in decades stepped down.

Brexit Is What Happens When the Pie Is Shrinking

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By Charles Hugh Smith

Source: Of Two Minds

This process of withdrawal into the relative safety of internally cohesive groups and group identities is intrinsically messy in globalized, multicultural societies.

A great many narratives are drifting around the Brexit pool: a return to sovereignty, class war, “controlled demolition,” nothing-but-another-political-Kabuki- spectacle, end of the European Union, etc.

I think it boils down to something much simpler: the pie is shrinking, and the illusion that it’s about to start growing has been shattered. For many communities in the developed world, the pie started shrinking in the 1970s, and has been shrinking (despite the narrative of “45 years of strong growth”) since then.

Labor’s share of the GDP has been declining for 45 years. Occasional blips higher during debt-fueled bubbles quickly fade when the bubble du jour pops, and the decline of labor’s share of the economy resumes its trendline decline.

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Since 2008, the only group who feels the pie is growing is the class that has benefited from the unparalleled expansion of debt and leverage, financialization, globalization and central planning–roughly 20% of the work force, with the top 5% gathering most of the gains in income and wealth, and the top .1% gathering most of the increase in wealth. (See chart below)

For seven long years, the citizenry has been told the economy is expanding and therefore they’re “doing better.” But this narrative is not supported by their actual lived experience. Inflation is woefully under-reported by official statistics, and the rosy “rising employment” narrative is based largely on part-time jobs in hospitality and food services (bartenders, waiters, etc.) that are highly contingent on the spending of the top 10%.

While supporters of the status quo are quick to deride supporters of Brexit, the cold reality is the economic pie is shrinking, and Brexit is a direct result of that reality.

A shrinking economic pie generates widespread insecurity that pressures every status quo arrangement as people circle the wagons in an attempt to protect their remaining slice of the pie from others’ claims for a larger piece of the dwindling pie.

The general media line is that the Brexit vote arose out of anger with the status quo’s inequalities and asymmetries of wealth and power. While this is largely self-evident, it isn’t the most fundamental dynamic at work. I see Brexit as a reflection of our naturally-selected defensive response to insecurity and instability: circle the wagons.

By circle the wagons, I mean our tendency to withdraw into an internally cohesive group with defined membership and boundaries.

The largest such political group is the nation-state, and so it is natural for people with strong national identities to circle the wagons around their national identity.

We can also expect people to circle the wagons around ethnic, religious, localized and economic-social class identities. (Some people might feel more kinship with other fans of Manchester United than they do with any religion, ethnicity or state.)

As people identify themselves as members of the class that has not benefited from neoliberal/globalized crony capitalism, the ruling Elites become the “other,” i.e. “foreigners” with whom we have little contact, people who “aren’t like us”– in effect, an “enemy class” that is inherently opposed to our self-interests.

This process of withdrawal into the relative safety of internally cohesive groups and group identities is intrinsically messy in globalized, multicultural societies. No wonder populations are dividing into camps of increasingly angry people with little interest in compromise. Our instinct is to seek clear delineations of “us” and “them” and to seek the relative comfort of “us,” which in a multicultural nation, can contain quite a mixed bag of people who nonetheless feel a shared identity.

Much to the chagrin of political parties whose success is based solely on “identity politics,” the emerging group identities are not conforming to the political classes’ conventional fault lines. “Us” for many people includes everyone who isn’t a protected insider of the status quo, and “the enemy” is any protected insider of the status quo.

That includes virtually the entire political class, the entire class of state nomenklatura/technocrats, the entire banking sector and the wealthy class that’s benefited so handsomely from the globalized, debt-leverage bubbles and state / central bank support that characterize this era of neoliberal/globalized crony capitalism.

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wealth-distribution10-15a

A Radically Beneficial World: Automation, Technology and Creating Jobs for All is now available as an Audible audio book.

 

Diary of an American Terrorist

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While searching for some light reading a few months ago I was delighted to discover the work of Thomas Ligotti. His unique take on the horror genre in “My Work is Not Yet Done” was so powerful and relevant to our times, it made me wonder why are there not more writers exploring Corporate Horror?

It seems Brian Whitney at Disinfo.com has found another voice that, judging from his description in the following article, may be just as compelling:

The Wall Street bankers and billionaires had better watch out. A new novel, Diary of an American Terrorist, by Chuck Darwin, pictures them mowed down by machine gun fire, dropped from high places, and having their throats slit – in general, being rubbed out in increasingly gruesome and wholesale ways.

“This is a startling document,” says Patrick Quinlan, president of Strawberry Books, the publisher of Diary. “There’s a lot of anger in it, and why not? The bankers have been getting up to all kinds of mayhem for a long time. A lot of jobs have gone overseas. Let’s face it: we’ve all been waiting for a novel where an ordinary working person decides to strike them back.”

In the story, an unnamed middle-aged man has lost everything – his family, his job, his very life. His humiliation becomes anger, which boils over into a murderous rage. He turns it toward the people he blames for his predicament – the very wealthy, who so often profit from the misery of working people.

The man is a military veteran and has wide ranging technology skills. He doesn’t go berserk. Instead, he slowly and methodically begins to choose targets, stalk them, and kill them. Most of the book takes the form of a diary, in which the man – who renames himself Spartacus, after the leader of the Roman slave revolt – records his preparations for each murder, then describes the murder itself in graphic detail. Readers embark on a vicarious kill spree, hunted by both the FBI and an elite secret society.

“People worry about Islamic terrorists from the Middle East,” says author Chuck Darwin. “I think they’re looking in the wrong direction. Who do you think is joining these terrorist organizations in the Middle East, the poor? That’s wrong. Study after study shows that terrorist groups recruit from the same pool as the American military – people from the former middle class who no longer have other options.”

According to Darwin, it’s only a matter of time before well-educated, once middle class people in America begin to turn their daunting skill sets against their oppressors. Who are their oppressors? The ones who sent their jobs to low-paying countries so the company could reap bigger profits.

“My hero is a guy whose life has been ruined. He has no prospects. It’s really the end of the line for him. But he has a lot of skills. He knows how to use weaponry. He knows how to use technology. He knows how to plan and how to cover his tracks. He’s patient. He’s ambitious. He has determination. All those good American things. He starts picking soft targets, wealthy people, ones he has no obvious relationship to.

“How do you stop someone like this, once he gets going? Simple answer: you don’t.”

Diary of an American Terrorist is available for pre-order  at Amazon.

See more at: http://disinfo.com/2014/09/diary-american-terrorist/#sthash.Q36h9Wlw.dpuf

European Television’s Double Standards

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Lately I’ve been enjoying the program “Double Standards” on the Press TV YouTube channel. It’s a London-based news and satire show hosted by Afshin Rattansi. While it may not be as consistently funny and polished as “The Daily Show” and “The Colbert Report”, it is on occasion more fearless in its choice of targets and strength of its critiques, as shown in this clip from a recent program on bankers and government lackeys:

Their interviews are also usually more politically substantial, such as this clip from last year featuring Patrick Henningsen of 21st Century Wire discussing the European Commission and UK’s Ofcom regulator’s decision to ban Press TV from European satellite and cable broadcasting: