Tag Archives: Global Elites

The social and economic roots of the attack on democratic rights

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Inequality and the American oligarchy

By Eric London

Source: WSWS.org

A report published September 27 by the US Federal Reserve, the Survey of Consumer Finances, shows that the top 10 percent of Americans now own 77 percent of all wealth. The top 1 percent increased its share of wealth from 35.5 percent in 2013 to 38.5 in 2016. The share of the bottom 90 percent declined from 25 percent to 22.9 percent over the same period.

These percentages show a transfer of trillions of dollars from the working class to the rich and affluent in just three years.

The bottom three quarters of the population, some 240 million people, now own less than 10 percent of the wealth. That is, if the United States were a 10-storey apartment building with 100 people, the richest person would be living on the top four floors, the nine next wealthiest people on the next four floors, fifteen on the second floor, and 75 people cramped at the bottom level.

Wealth share by wealth decile, Credit: People’s Policy Project

The Federal Reserve data demonstrates, in empirical terms, profound changes in social relations that affect hundreds of millions of people, touching all aspects of political, cultural and intellectual life. The US is an oligarchy in which the government, trade unions, media, universities, and major political parties are instruments used by the ruling class to manipulate the population, mask its own wealth, and crush social opposition from below.

The figures expose the material basis for the emergence of a campaign in the ruling class to block access to the World Socialist Web Site and other left-wing sites in the guise of combatting “Russian aggression.”

In an oligarchy, social inequality is incompatible with democratic rights. Incapable of and unwilling to address the social needs of the masses of people, the government turns to censorship, surveillance, blacklisting, and violence as its preferred methods for defending unprecedented levels of wealth monopolized by the ruling class.

The data shows that the main dividing line is between the top 10 percent and the bottom 90 percent that comprise the working class. The Federal Reserve figures expose as lies the claims by politicians and media pundits that the bulk of the US population belongs to the “middle class.”

Below the aristocracy and the affluent—concentrated in certain neighborhoods of major centers like New York, the San Francisco Bay Area, Los Angeles, Chicago, Houston, and other cities—the United States is a country dominated by tremendous economic hardship. The data shows that while different strata of the population face economic insecurity at different levels of urgency, decades of social counterrevolutionary policies by both parties are bringing them closer together, marking all with the same scars of class exploitation.

The poorest ten percent of the population, some 32 million people, possess negative wealth. They include the homeless and the hopelessly in debt. For this section of the population, roughly equal to the populations of Texas and New York combined, life expectancy, disease rates, and living standards resemble third world conditions.

The next poorest ten percent have no wealth, between $0 and $5,000 per family, less than the value of a 10-year-old used car. The combined wealth possessed by this layer is not significant as a proportion of overall wealth.

Roughly the lower-middle third of the population, from the 20th to 50th percentile, control just 1.6 percent of total wealth. A family of four with two parents working full-time at the minimum wage with one average-priced vehicle and no other assets would fall in the middle of this broad category of workers.

The 64 million people in the 50 to 70 percent range control just 5.1 percent of the wealth. A family with a below average-priced home worth $150,000, plus a vehicle and $0 in savings would be above the 60th percentile in wealth. A family with two working adults making between $40,000 and $50,000 each would find itself in the 70 to 80 percentile, perhaps possessing two cars, a home valued just above the national average of $175,000, a life insurance policy and $10,000 in savings.

The 80 to 90th percentile owns 11.2 percent of the wealth. Two skilled workers with incomes of $60,000 to $80,000 each, one pension, a $300,000 home, and two vehicles would find themselves in this decile. This section is slightly more comfortable, but by no means financially secure.

The chasm separating the top 10 percent from the working class has widened in recent years. From 2004 to 2016, the working class saw its wealth decline precipitously across all strata. The median family in the poorest fifth lost 29.5 percent of its wealth over this period, followed by 24.7 percent for the median family in the 20th-39th percentile, 10.8 percent in the 40th-59th percentile, 17.3 percent in the 60th-79th percentile, and 1.3 percent in the 80th-89th percentile. This wealth went to the top 10 percent, where median family wealth rose by 38.7 percent over the same period.

As a result of this massive transfer of wealth, median family wealth in the top 10 percent is nearly triple that of the 80 to 90 percent, 20 times greater than a family in the 50th percentile, and 254 times more than the median family net worth in the poorest 20 percent.

The political establishment that has overseen this transfer systematically ignores and aggravates the urgent social problems confronting the vast majority of the population.

Footage of Trump flipping paper towel rolls to victims of the storm in Puerto Rico epitomizes the callous and insulting response of the oligarchy to the problems of the working class. But sanctimonious claims by Democrats that Trump’s actions were “insensitive” ignore the fact that the entire ruling class is responsible for the social catastrophe. After all, it was Barack Obama who travelled to Flint, Michigan and told a crowd of people to “drink the water.” Nobody in the Democratic or Republican parties has made any real effort to address the opioid crisis, homelessness, declining life expectancy, storm protection and disaster infrastructure, skyrocketing student debt and the health care crisis.

The three branches of government, largely comprised of millionaires and billionaires, focus exclusively on the interests and social demands of the top 1, and, more broadly, the top 10 percent of society. A key concern of the affluent 10 percent is blocking the growth of social opposition and protecting their own wealth and privileges. In recent years, the American ruling class has become more aware of the growth of social opposition within the population to war, inequality and poverty.

Fearful that the technological advances of the Internet and social media platforms can increase access to alternative political viewpoints, the oligarchy has initiated a campaign to censor left-wing websites and crack down on social media platforms in the name of blocking “Russian interference” in the US political system. Without a shred of credible evidence to back their claims, newspaper editors, TV talking heads, Senate and House committee members, corporate executives, trade union leaders and academics are engaged in a mad rush to censor the Internet and protect the population from “fake news.”

The anti-fake news censorship and blacklisting initiative is an escalation of a years-long campaign by the ruling class to create the framework for police state methods of rule. At the same time, the growth of social inequality revealed in the Federal Reserve figures points to the inexorable intensification of social and class conflict in the United States, the objective foundation for socialist revolution.

And empires die

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Source: Intrepid Report

Nothing ever seems to last, everybody changes oh so fast,
promises made promises lost and pride is kept at any cost,
And flowers die, and children cry, and lonely people carry on.
—Palermo & Farruggio 1970

That was from the song And Flowers Die, by prolific composer Michael Palermo and this writer as lyricist. How appropriate to compare this song with the ‘death song’ of our Military-Industrial Amerikan Empire, now in only its 72nd year of prominence. How great and powerful our empire was for so long. We controlled the economies and governments of so many countries, even continents. Now it is the autumn of our status as Number One. The Asian rim, as many refer to it, being led by China and all those other nations in that region, will become the future economic powerhouse of this planet.

This writer will leave it to the many progressive scholars out there for the explanation of the how and why of this equation. Let me just say that we all, from grade school on, have been fed the pabulum of America as a democracy, benevolent to the entire world. Many sadly still believe that lie, and that strengthens the reason why this empire is in freefall.

Since we became the preeminent world empire at the end of WW2, two things held the greedy ones who run things in we’ll say half check: The progressive federal tax rate and the union movement. The top tax rate from 1953 to 1963 was 91%. Now, we know that the super rich did not pay at that rate, but even after their accountants sharpened a few pencils, many still had to pay at least 50%, for argument sake. Today’s top rate is 39.6%, meaning that folks like mega millionaire Mitt Romney pay at around 15%-20%. Do the math and see how much more went into the treasury then as opposed to now. The second factor that held this empire in half check was the stronger union movement in the ‘50s, ‘60s and ‘70s. In the 1950s, about 35% of American workers belonged to unions. In 1983, it went down to around 20%. Now, the percentage is around 12%. So, that means that three times more working stiffs in the recent past had the protection of a union, however weak or compliant that union may have been. Today, this empire can breathe easily as fewer and fewer working stiffs even have a union!

To this writer, with all the many factors that have contributed to the demise of our nation via this Military-Industrial Empire, the number one factor is our foreign policy. When over half of your spending goes for military reasons, how can a nation sustain itself at home? When you have over 1,000 military bases in over 100 countries, and you consistently are involved in these phony wars, the home front must feel the strain. Our myriad of domestic bleeding is so obvious . . . yet so few here will acknowledge it. Our infrastructure is crumbling, our health care is a mess, too many mediocre paying jobs (with too many being part time with NO benefits), our political system is controlled by Big Money, our media is controlled by the same Big Money . . . and the fools still fight amongst each other over the Two Party/One Party con job.

Let’s face it: All the major industrialized nations are controlled by their super rich. There are really few exceptions. Sadly, with over 99+ % of the populace in all these countries being just simple working stiffs, it is time for a change of mindset. The mindset must be simple: The super rich need to go back to paying their fair share, and government needs to become what Mark Twain prescribed: ‘To protect us from the crooks and scoundrels.’

Freedom Is Not Necessarily The Absence Of Tyranny

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By Brandon Smith

Source: Alt-Market

Is it true that freedom is an overly idealized concept? Perhaps, but it is one of the few concepts worthy of idealization. It is so worthy, that it is worth dying for.

Since the dawn of recorded history human beings have fought and sacrificed to attain freedom. It is an inherent psychological construct. It is a principle that is rooted not only in the mind of man, but his spirit or soul. Scientists in the realm of the mind have struggled for generations to understand where it comes from — others have sought to dismiss it as a fanciful notion or societal construct. Nihilists claim it doesn’t really exist, while other people center their entire lives on the proliferation of it. The concept of freedom, love it or hate it, is central to all cultures and all civilizations. The most common dismissal of the idea of freedom that I have seen is the argument that none of us is really free because “tyranny exists”. Tyranny is a constant, therefore, in the view of the nihilists, freedom cannot exist. I believe this dim way of thinking stems from a misconception of what freedom is and where it comes from.

Freedom, first and foremost, begins in the mind, or the heart; whatever you are inclined to put more stock in. To think critically or to imagine wildly is indeed to be free. Tyranny, by extension, rises from the mire and muck in the physical world around us and ends in the mind and the heart. If one is free of mind, then one is never truly enslaved.

I have heard so many times the ignorant accusation that freedom requires action before consequence. That is to say, if you have suffered the consequences of a tyrannical system, then you have already failed to prevent your own enslavement. This is not how freedom functions. It has never worked this way.

There is no such thing as a world without the consequences of tyranny. Tyrants are everywhere, always. There are little tyrants in our everyday lives, and big tyrants that pull strings from behind the curtains and from the darker places. There are people reading this article right now that think they are liberty-minded, but act like tyrants towards those around them. There are people who think they are slaves when one simple choice or action could easily make them free. There are people who see private property as tyranny and seek to supplant it….with an even greater tyranny of entitlement and socialism. And, there are people who think freedom means freedom for them, but not for others. Each tyrant takes time to understand and remove from our lives. Some we simply need to walk away from; others need to be destroyed.

The point is, we are forever dealing with tyranny, and many of us are forever working to topple it. As long as we are able to pursue that goal, we are still free. The true slaves are those that have given up completely out of laziness or fear. Tyranny is always present, after all; why take a bath today when you are just going to end up soiled again tomorrow?

The idea that one can do nothing in the face of the machine is an old idea proven wrong time and time again, yet, it is also a very easy and comfortable lie to live in. Struggle is difficult. Sacrifice is foreboding and ugly. There are a million-and-one excuses and rationalizations as to why it is better to “accept fate” or circumstances. There is always another excuse that can be used to paper over cowardice.

Tyrants can, in fact, win and keep winning for the length of an epoch, exactly because of the logical fallacy that they cannot be resisted or be beaten. It is the self-fulfilling prophecy of nihilism that makes tyranny possible. Without it, tyrants inevitably fail and fall.

The great monster of our time that must be slayed is the monster of organized conspiracy. Past generations have confronted and defeated appendages of this monster, but they never beheaded it, and this is why our particular brand of tyranny persists. It is not enough for us to fight the tentacles of the beast anymore — it is the job of the freedom fighters of our era to stab at the brains of the wretched thing.

I am of course speaking of the banking cabal, the cult of financiers and elites that make up the globalist hierarchy. They pervade the halls of numerous institutions and think tanks, from the Federal Reserve and the Council on Foreign Relations to the International Monetary Fund and the Bank for International Settlements. They sit in positions of great political influence and hold council (and some would say considerable sway) over world leaders. They write “theoretical” policies which are quickly adopted by governments and made into law. They are primary stockholders and owners of our mainstream media. Their slithering fingers are wrapped around academia and many scientific communities. They insinuate themselves into every foundation of thought, because thought is what they most wish to control.

They prefer to divide and conquer, to pit one group against another, or to give their ideological enemies enough rope to hang themselves with. If they can’t rule the psyche of a society or succeed in 4th generation warfare, they will fall back to the old standard of brute force. In fact, they might just do that anyway, because what tyrant doesn’t love instilling abject terror every once in a while?

And yet, these “elites” stand on a razor’s edge. Despite all their supposed power, despite all their wealth, despite the vast spiderwebs they weave, all of it can be turned to ash in an instant and they know it. Empires like this rely on anonymity, and they are anonymous no longer. The cabal is out in the open; they have to be.

To shift the world into true globalism and true centralization requires actions which can be masked from some people but not all people. They believe the intricate digital networks they have funded will buy them total information awareness, but these same networks also provide us with the tools to understand who they are and what they want. This double-edged sword of full spectrum data creates a Catch-22 timeline. The longer the globalists wait to implement the one world system they desire, the more time we have to educate millions of people. The faster they implement their one-world system, the more likely they are to make a mistake.

Time is running out. Time is working against them. Time is the master here, and the globalists are nothing but paper boats on a tidal wave.

This organized conspiracy increases its odds of success through psychological manipulation. There will come a time, perhaps sooner rather than later, when banking elites and their political allies can no longer stand outside the game unscathed. Risk is coming. So, they must encourage as much self-defeat in the minds of freedom champions as possible.

They will conjure crisis and catastrophe, they will conjure puppet enemy after puppet enemy, they will exploit useful idiots with collectivist views as cannon fodder, they will engineer conflicts between East and West. They will try to grind us down and break the legs of our resolve.

However, as long as there are people who know who the globalists are that are willing to hunt them down, the globalists cannot win. For what they desperately want is to stand out in the sun with criminal impunity, and without fear. They want to be untouchable. They want to be gods.

Real gods do not suffer consequences, and these people will suffer consequences.

The nihilists will cry, “When?! How?! Never!” But this is the nature of freedom. Freedom is in the fighting; winning is transitory. Tyranny can be subtle and it can be blunt, freedom is the same way. If you think because there is no shooting going on yet that a war is not happening, then you do not understand the nature of warfare.

Yes, it is possible that the fall of one globalist cabal might give rise to another, and another. But we are free to be there and to fight again. As long as we fight, we prevail. When we abandon the fight completely, that is when true slavery begins. Today, we fight using information versus propaganda, and we must be adept at this. We also must be adept at other forms of combat as the conflict escalates.

There will never be total absence of tyranny. The naysayers against the principle of freedom are delusional, or maybe they know such a standard is unattainable and this will make them forever “right.” When will the fight begin? It already has. It has been going on since time immemorial and we are merely here to continue it. This might seem like a task for Sisyphus – an endless circular nightmare. I look at it another way: We are a changing of the guard. We have inherited a responsibility beyond all responsibilities. In this age, we are the freedom fighters, and if we fail now then we pass an even more difficult horror on to some other generation down the line.

In my view this is unacceptable. The opportunity to end one longstanding tyranny is now. We must counter using information as long as is needed, and we must wake up as many people as possible, so when the time comes to storm the castle, the shared sacrifice is that much easier to bear. If you have taken up this fight in one form or another never let anyone tell you you are not free. Your ability to think and to act is concrete proof otherwise.

3 Signs You Might Be a Pawn of the New World Order

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By Sigmund Fraud

Source: Activist Post

The mother lode of all conspiracies is the New World Order. In essence, it is a high-level, multi-generational plan to render all sovereign national governments subservient to an unelected, supranational, authoritarian world government. In this scheme, the people of planet earth will be micromanaged with strict social, technological and financial controls. It is the total consolidation of global power into the hands of a ruthless, minority elite who aim to rape the planet and enslave the human race.

They can’t do it alone, though, they need your help. They need witting and unwitting minions to set the brush fires of revolutionary change in our towns and cities. They need pawns to agitate and disrupt the relative peace, and to upend the status quo with turmoil. They need senseless, animal-like violence, caught on camera and replayed ad infinitum on cable news and social media. They need terror, of both the foreign and domestic variety. They need fear in the streets, and fear in the minds of the proles.

Most of all, though, they need you to create chaos, so that they can bring order.

The powers that be, those demons of the deep state, those orchestrators of fear, famine, debt and war, cannot achieve their plan without leading the masses into confusion and disarray, for only then will the masses demand an end to their own freedoms and privacy. And sadly, it appears their army of minions is growing in strength and audacity.

In the aftermath of Charlottesville it is more clear than ever that there is no shortage of pawns for the New World Order. The armies of ignorance are gathering, and here are three signs you might be among them.

1. You’re Playing the Divide and Conquer Game

Left vs. Right. Black vs. White. Republican vs. Democrat. Citizen vs. Immigrant. Communist vs. Fascist. Have vs. Have Not. My Team vs. Your Team. Me vs. You.

There a thousand and one ways for a society to faction and split apart, but without community and unity we are lost, doomed and done. If you’re entrenched in one side of any dualistic paradigm, seeking to convert or to crush the other side, then you’re playing right into the hands of the NWO.

The tactic of top-down divide and conquer is the oldest play in the book of how to overthrow sovereign people. The rulers foment conflict amongst the people, then step out of the way and let them fight it out, so that they can step in later as the benevolent savior… big brother.

If you’re playing this game, then you’re doing their work for them.

2.) You’re a Vocal Supporter of the War Du Jour

Today the drums are beating for a nuclear assault against North Korea… and military intervention in Venezuela. Just recently we’ve been told we need to prepare for conflict with Russia, and that an invasion of Syria is in our best interests. Prior to that we destroyed Libya and Iraq, we occupied Afghanistan, and we’ve been using the war on drugs and the war on terror as casus belli for interference in dozens of countries around the world.

The imperial mindset is several generations deep in America, and the citizenry has all but fully abandoned the anti-war stance in favor of gung-ho, jingoistic cheerleading of any and all military escapades.

The New World Order is brute force, but in our hyper-connected world they need to create the appearance of public support in order to advance the military industrial colonization of the world. It cannot do this without the public support and advocacy of at least some segment of the proletariat.

If you’re always on board for the expansion of international conflict, taking cues from mainstream media in this regard, and demanding action against all of our perceived enemies, you are aiding and abetting the New World Order.

3.) You Direct Your Anger and Frustration Towards Anyone but Those at the Very Top of the Pyramid

Zero doubt there are a million problems plaguing our complex world today, and it can be comforting to blame someone whom you can look in the eye, someone who is unprotected by the wealth and security afforded by the oligarchy. Emotional reactions to the stresses in our modern world are to be expected, but without knowledge of the contemporary power structures pulling the big strings, those reactions can be sorely misdirected onto lesser players and other pawns.

The truth is out there. At the root, a geo-political financial elite is conquering the world through manipulation of currencies, the imposition of astronomically insurmountable levels of public and private debt, and full-spectrum military dominance of uncooperative nations. This program is far above and beyond the capacity of your fellow citizen.

If you’re convinced that taking your outrage to the streets in war against your fellow countrymen is going to solve the problems of the world, you’re helping to fulfill the goals of the New World Order.

Final Thoughts

Social unrest and civil war are the final stepping-stones to a brave new authoritarian future. In order to get there, the American people must exhibit a self-motivated and determined resolve for violence against each other.

The New World Order needs blue pill takers, those people who deliberately choose ignorance in exchange for spurious peace of mind. They need useful idiots to help distract the rest of the population from the crimes of the oligarchy. They need armies of volunteer foot soldiers and pawns who will create the conditions necessary for martial law and even broader restrictions of rights and freedoms.

For the New World Order to succeed, we must ultimately demand our own slavery.

The Status of the Global Oligarchy

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By Francesca de Bardin

Source: Global Research

The term oligarchy is derived from the Greek words meaning “rule or command by a few.” The term is generally used in the derogatory sense to describe a tyrannical system that practices oppression to ensure obedience. While oligarchies are generally associated with antiquity and as being localized, many of today’s larger democracies can justifiably be called oligarchies. The following is a brief discourse on how modern oligarchs manage control over societies, using power exercised through economic and political means. Today the global oligarchy is controlled by a few hundred families.

Many modern democracies are systems where the actual differences between political rivals are very small, and in these systems the oligarchic elite impose strict limits on what constitutes an acceptable and respectable political position. As for the “politicians”, their careers depend heavily on unelected economic, political, and media elites. Therefore, we have the popular saying, “There is only one political party.” An oligarchy, as we know, is a governing structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, education, corporate, or military control, and so on. In these governing structures control is maintained by a few prominent families who typically pass their influence from one generation to the next. But, inherited power is not the only means of transference.

While oligarchies are often controlled by a few powerful families whose children are reared and mentored to become inheritors of power, this power is not always exercised openly, and most oligarchs prefer to remain “the power behind the throne,” so to speak. Perhaps the best example of such a family, the Rothschild’s continue the long tradition of innovation based on a steady accrual, over more than two centuries, of expertise, experience, and immeasurable wealth. Their businesses continue to be at the forefront of global financial and commercial activities.

There are other “oligarchs” also in control however, but in addition to the “old money” influences, the oligarchs have now created a “new money” cabal of influencerswho play an ever-increasing role economically, politically, and at the structural level as well. “Unlimited” money, whether it is old or new, exerts a massive force. As an example of how money plays a role in the American system, a radio interview on the Thom Hartmann Program in July 2015 featured former president Jimmy Carter saying that the United States is now an oligarchy in which “unlimited political bribery” has created “a complete subversion of our political system as a payoff to major contributors.” According to the former president, both Democrats and Republicans, Carter said, “look upon this unlimited money as a great benefit to themselves.”

President Carter is not alone in his assertions. Other contemporary authors have also characterized current conditions in the United States and Western Europe as being oligarchic in nature. One, Jeffrey A. Winters, PhD Yale, 1991, professor of political science at Northwestern University and author of Oligarchy, argues that

“oligarchy and democracy operate within a single system, and American politics is a daily display of their interplay.”

Of course, there are many others among today’s great thinkers who profess oligarchs essentially rule us. Through the watchful eyes of independent media and academics willing to voice their dissent, the reality of the global oligarchy comes into view. While most people have always understood that the rich rule, most shy away from believing in a truly Orwellian control conspiracy. The fact is, oligarchies exist in small towns, large cities, and in countries today, and we really do have an alliance of oligarchic dynasties that is global.

Not only do these modern oligarchs exert control over the governmental tiers, they also influence the philosophy and ideas nurtured in academia, through social institutions, and especially the policy institutions of the world. One example was recently outlined by Author Steven MacMillan, who’s editor of the Analyst Report, who went so far as to suggest that institutions like the Council on Foreign Relations, are in fact “part of a shadowy network of private organizations that stretches across the globe to influence policy of most nation states.”

While the mainstream insists anti-oligarch voices are merely conspiracy theorists, hundreds of experts are now revealing the truth of this “1984” system bent on complete takeover. In a Guardian piece from 2015, author Seumas Milne framed the argument that:

“Escalating inequality is the work of a global elite that will resist every challenge to its vested interests.” 

He goes on to briefly outline the dysfunctional systems these oligarchs have set in place for decades now, but what’s significant about his report is the ever increasing greed of these elites. As world systems, markets, and resources contract and become depleted, the oligarchs feel the pressure to extract still more from us. The simple way of putting this is to frame them as “addicts of growth”, or insatiable tyrants when all is said and done. When solutions for rising inequality are suggested, those in power balk at every turn these days. Austerity, increased tax burdens on the middle and lower classes, still more borrowing at the national and corporate level, even war with Russia over resources seem to be on the table to prop up this oligarchy. Many experts contend that it was this global elite’s unrealistic response to the changing global landscape that caused most of today’s geo-political crises.

There is some good news however. Although the global oligarchy aims to have total control of the world, it has not yet reached that goal. This oligarchy is not monolithic, there is competition among them and turf warfare. This can be seen in the competition for resources and wealth worldwide, and especially in the new anti-Russia propaganda. The oligarchs are infighting in many cases, the Ukraine situation represents a good case study for this. So, this infighting, along with individual opposition via economic and political factions, tends to block the global oligarchy from cementing full control. Furthermore, grassroots citizen movements are attempting to oppose these modern aristocrats as well, and together the movements have the ability awaken the greater citizenry and challenge the oligarchy.

The Value of Everything

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By James Howard Kunstler

Source: Kunstler.com

We are looking more and more like France on the eve of its revolution in 1789. Our classes are distributed differently, but the inequity is just as sharp. America’s “aristocracy,” once based strictly on bank accounts, acts increasingly hereditary as the vapid offspring and relations of “stars” (in politics, showbiz, business, and the arts) assert their prerogatives to fame, power, and riches — think the voters didn’t grok the sinister import of Hillary’s “it’s my turn” message?

What’s especially striking in similarity to the court of the Bourbons is the utter cluelessness of America’s entitled power elite to the agony of the moiling masses below them and mainly away from the coastal cities. Just about everything meaningful has been taken away from them, even though many of the material trappings of existence remain: a roof, stuff that resembles food, cars, and screens of various sizes.

But the places they are supposed to call home are either wrecked — the original small towns and cities of America — or replaced by new “developments” so devoid of artistry, history, thought, care, and charm that they don’t add up to communities, and are so obviously unworthy of affection, that the very idea of “home” becomes a cruel joke.

These places were bad enough in the 1960s and 70s, when the people who lived in them at least were able to report to paying jobs assembling products and managing their distribution. Now those people don’t have that to give a little meaning to their existence, or cover the costs of it. Public space was never designed into the automobile suburbs, and the sad remnants of it were replaced by ersatz substitutes, like the now-dying malls. Everything else of a public and human associational nature has been shoved into some kind of computerized box with a screen on it.

The floundering non-elite masses have not learned the harsh lesson of our time that the virtual is not an adequate substitute for the authentic, while the elites who create all this vicious crap spend millions to consort face-to-face in the Hamptons and Martha’s Vineyard telling each other how wonderful they are for providing all the artificial social programming and glitzy hardware for their paying customers.

The effect of this dynamic relationship so far has been powerfully soporific. You can deprive people of a true home for a while, and give them virtual friends on TV to project their emotions onto, and arrange to give them cars via some financing scam or other to keep them moving mindlessly around an utterly desecrated landscape under the false impression that they’re going somewhere — but we’re now at the point where ordinary people can’t even carry the costs of keeping themselves hostage to these degrading conditions.

The next big entertainment for them will be the financial implosion of the elites themselves as the governing forces of physics finally overcome all the ruses and stratagems of the elites who have been playing games with money. Professional observers never tires of saying that the government can’t run out of money (because they can always print more of it) but they can certainly destroy the value of that money and shred the consensual confidence that allows it to operate as money.

That’s exactly what is about to commence at the end of the summer when the government runs out of cash-on-hand and congress finds itself utterly paralyzed by party animus to patch the debt ceiling problem that disables new borrowing. The elites may be home from the Hamptons and the Vineyard by then, but summers may never be the same for them again.

The Deep State may win its war against the pathetic President Trump, but it won’t win any war against the imperatives of the universe and the way that expresses itself in the true valuation of things. And when the moment of clarification arrives — the instant of cosmic price discovery — the clueless elites will have to really and truly worry about the value of their heads.

 

America’s Rich Are Completely Losing Touch With Reality — and That’s a Really Bad Sign

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By Shaun Bradley

Source: AntiMedia

The divide between wealthy and working class has grown wider each year since the last financial crisis, but this disconnect is about much more than just money or politics. The super-rich, in particular, have become completely detached from the everyday problems facing millions of their fellow citizens. Instead of recognizing the urgency of the current situation and contributing to solutions that help empower all members of society, the focus for many has shifted toward simply indulging in the present moment and increasing luxury. This kind of self-centered worldview has emerged throughout history and typically thrives most when decadent empires start to crumble.

Right now, the average person is forced to worry about central banks devaluing their currencies, corrupt bureaucrats eroding their civil liberties, and an economy on life support. Meanwhile, a faction of affluent individuals has committed themselves to avoiding the turmoil around them, instead choosing to obsess over life extension, genetic manipulation, and creating luxurious doomsday plans. Those people who have the crucial intellect, resources, and influence needed to implement real change are consumed with self-interest to the point of total apathy towards the future.

One of the more disturbing trends has been a rise in interest regarding something called parabiosis. This practice involves blood transfusions between the young and old in an attempt to slow the aging process. The procedure has been studied in the past but has always been met with moral and scientific criticism. Recently, however, a California start-up called Ambrosia began offering clients the opportunity to purchase the blood of someone under the age of 25 for a mere $8,000.

The process gained attention after Paypal co-founder Peter Thiel came out in support of further research during an interview:

“I’m looking into parabiosis stuff, which I think is really interesting. This is where they did the young blood into older mice and they found that had a massive rejuvenating effect. And so that’s … that is one that … again, it’s one of these very odd things where people had done these studies in the 1950s and then it got dropped altogether. I think there are a lot of these things that have been strangely underexplored.”

The blood used for these transfusions is often purchased from blood banks without informing the original donors. Popular high-school blood drives could soon have a whole new incentive to encourage students to participate. Any possible medical advancements that can help improve the lives of sick people should be explored, but for a private business to benefit directly from the generosity of others without their consent is a bit unnerving.

The question of whether this treatment is effective or not is almost a secondary issue to the ethical one. What does it show about our society when the priority of so many is not building a better world for the next generation but, rather, appeasing their egos by desperately clinging to their youth? The similarity to vampirism can’t be overlooked and may be another sign that, in the end, the truth is stranger than fiction.

The super-wealthy who can see the dangers facing the world are also fine with hitting the eject button to their own private bunkers in a worst-case scenario. The prepping community that was once isolated to ‘conspiracy theorists’ and survivalist groups has now been adopted by the 1%. Several billionaires have even gone so far as to buy entire islands to guarantee they won’t be swept up in the panic of the masses.

Tim Chang, the managing director at a financial firm called the Mayfield Fund, spoke to a reporter at the New Yorker about some of the conversations going on in these circles:

“There’s a bunch of us in the Valley. We meet up and have these financial-hacking dinners and talk about backup plans people are doing. It runs the gamut from a lot of people stocking up on Bitcoin and cryptocurrency, to figuring out how to get second passports if they need it, to having vacation homes in other countries that could be escape havens…I’ll be candid: I’m stockpiling now on real estate to generate passive income but also to have havens to go to….I kind of have this terror scenario: ‘Oh, my God, if there is a civil war or a giant earthquake that cleaves off part of California, we want to be ready.’ ”

While the ideas of democratic socialism have spread throughout the country, it’s clear that extreme individualism has developed on the other side. The majority of those with the means to care for themselves and their families have abandoned any connection to the rest of society. As long as the impact of the coming upheaval doesn’t affect them directly, it appears the fate of the rest is irrelevant.

The mentality of the nation has transitioned from proactive to reactive, with a sense of inevitability about the ultimate outcome we’re all facing. There is almost no effort to openly discuss the growing prospect of a civil war or severe economic breakdown, even as it grows more plausible in the minds of those paying attention. This obsession on the part of the super-rich for god-like control over their destinies only shows the fear that overwhelmingly dictates their choices. Maybe the modern day peasants of society should simply heed the advice of Marie Antoinette and eat cake while the world burns.

Our Political Parties Are Obsolete

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By Charles Hugh Smith

Source: Of Two Minds

When the parties do finally implode, the general mood will be: good riddance.

History informs us that once something is obsolete, it can disappear far faster than anyone expected. While we generally think of obsoleted technologies vanishing, social and political systems can become obsolete as well.

Should a poor soul who entered a deep coma a year ago awaken today, we must forgive his/her astonishment at the political wreckage left by the 2016 election. The Democratic Party, a mere year ago an absurdly over-funded machine confident in an easy victory in the presidential race, is now a complete shambles: its leadership in free-fall, its Fat-Cat donors disgusted, and its demented intoxication with pinning collaboration with Russia on the Trump camp eroding whatever feeble legacy legitimacy it still holds. What the party stands for is a mystery, as its Elites are clearly beholden to insiders, special interests and Corporate donors while glorifying the worst excesses of globalism and the National Security State’s endless war on civil liberties.

The newly awakened citizen would also marvel at the chaotic war zone of the Republican Party, in which the Insider Warlords are battling insurgent Outsiders, while the same Elites that fund the Democratic machine are wondering what they’re buying with their millions of dollars in contributions, for it’s unclear what the Republican Party stands for: it’s for Small Government, except when it’s for Bigger Government, which is 95% of the time; it’s for more law enforcement and the militarization of local police, and more intrusion into the lives of the citizenry; it’s for stricter standards for welfare, except for Corporate Welfare; it’s for tax reform, except the thousands of pages of give-aways, loopholes and tax breaks for the wealthy and corporations all remain untouched, and so on: a smelly tangle of special interests masked by a few sprays of PR air freshener to the millions left behind by the globalization that has so enriched Corporate America and the class of financier-owners, bankers, insiders and technocrats–the same group that funds and controls both political parties.

Political parties arose to consolidate centralized control of the central state.We have now reached the perfection of this teleology: the political elites and the financial elites are now one class. In our pay-to-play “democracy,” only the votes of wealth and institutional power count.

As I have often noted here, the returns on centralization are diminishing to less than zero. The initial returns on centralizing capital, production and social-political power were robust, but now the centralized cartel-state is eating its own tail, masking its financial bankruptcy by borrowing from the future, and cloaking its political bankruptcy behind the crumbling facades of the legacy parties.

Now that technology has enabled decentralized currency, markets and governance, the centralized political parties are obsolete. They are the political equivalent of buggy whips, and those holding tight to the fantasy that their current dissolution will magically be transformed into unity by some future leadership will be disappointed.

The fragmentation of the political parties is not temporary–it is permanent. As I discussed yesterday, political and social fragmentation are the consequence of economic fragmentation–these are self-reinforcing dynamics, as fragmentation in one feeds fragmentation in the others.

Those who have gotten rich inside the bloated machinery of the parties will never accept their era has ended. The dreams of private jets and millions of dollars in contributions die hard. But the voters and donors are both waking up to the cold reality that the parties are nothing but wealth distribution machines that sluice millions from financial elites to various political elites.

All the legacy claims of both parties ring false; neither party gives a hoot about the working class, small business or civil liberties. Their entire game plan is to whip up hot-button social issues to distract a fragmented citizenry and arouse last-gasp emotional loyalty to empty slogans.

Is it any wonder that people are abandoning both parties and claiming Independent status? All the core systems of the nation are failing, visibly, painfully, badly, and yet all the parties can dredge up is more of the same and TINA–there is no alternative.

The citizen who just awakened also awakened to the truth: the legacy parties have no solutions; their game plan is to milk the system as long as they can before it collapses in a rotten heap of corruption, fraud, collusion, debt and profiteering that benefits the few at the expense of the many.

When the parties do finally implode, the general mood will be: good riddance. A centralized spoils system is no longer a viable way to govern the nation. Political systems everywhere are facing a choice: Decentralize or die.