Tag Archives: Globalization

America’s Bottom 50% Have Nowhere To Go But Down

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By Charles Hugh Smith

Source: Of Two Minds

One might anticipate that the bottom 50%’s meager share of the nation’s exploding wealth would have increased as smartly as the wealth of the billionaires, but alas, no.

America’s economy has changed in ways few of the winners seem to notice, as they’re too busy cheerleading their own brilliance and success. In the view of the winners, who just so happen to occupy all the seats at the media-punditry-Federal Reserve, etc. table–the rising tide of stock, bond and real estate bubbles are raising all boats. What’s left unsaid is except for the 50% of boats with gaping holes below the waterline, i.e. stagnant wages and a fast-rising cost of living.

The truth the self-satisfied winners don’t include in their self-congratulatory rah-rah is there’s no place for the bottom 50% of American households to go but down. All the winnings flow to those who already owned assets back when they were affordable– the already-wealthy–whose wealth has soared as assets have shot to the moon while the the burdens of inflation and debt service hit the bottom 50% the hardest.

Meanwhile, the Federal Reserve is whining that inflation isn’t high enough yet for their refined tastes. Boo-hoo, how sad for the Fed–inflation isn’t yet high enough. Oh wait–didn’t they each mint millions by front-running their own policies? No wonder they’re not worried about inflation.

The reality few acknowledge is that globalization and financialization have stripped the American economy of low-skilled jobs that don’t demand much of the employee. The reality is that a great many people don’t have what it takes to learn high-level skills and work at a demanding pace under constant pressure–the description of the average job in America.

There were once millions of low-skill, low-pay jobs for people who for whatever mix of reasons were unable to muster the wherewithal to fulfill the fantasy of working extra hard, going to night school, soaking up high-level skills, moving quickly up the ladder to higher pay, buying the starter home and then moving up the food chain to middle class security from there.

The cost of living was low enough that those working these low-skill, low-pay jobs could still have an independent life. There were still low-cost rentals, often derided by the wealthy, in nooks and crannies of even the costliest cities. (I once lived in a room stuffed with old tax records in a poolside shack in an upscale neighborhood. The room had been cleared for a single bed and a path to the decrepit bathroom. Its most important attribute was that I could afford it on my low earnings.)

Affordable housing has vanished, eliminated by the financialization of America’s economy. Once landlords pay double the price for the property, rents have to double to pay their higher expenses. The apartment didn’t double in size or amenities–the rent doubled without any increase in utility to the renter. You get nothing more for double the price–nice.

Yes, people could make better choices, and some do. The point here is the game is rigged against those in the lower tier of the economy who can no longer afford a house or other stake in the only winning game in town–speculative asset bubbles. Go ahead and work a second job and go to night school–you’ll still be left behind the already-rich.

Globalization opened every job in America to global competition via offshoring or the influx of undocumented workers so desperate to support their families back home that no pay was too low and no working condition too wretched to refuse.

Many overindulged pundits who never worked an honest day in their lives sneer about burger flippers without realizing how hard those burger flippers have to work. I doubt the well-dressed pundits, snobbish about their university degrees and general brilliance, could manage to work a single day in a demanding fast-food job.

As the price of housing and other assets have soared, enriching the already rich, they’re out of reach for the bottom 50% who struggle to pay their bills as wages have stagnated and the costs of essentials have skyrocketed.

The rising cost of parking tickets, junk fees, user fees, utilities and food don’t impact the well-paid top 5% technocrat class, whose stake in the Everything Bubble keeps expanding by tens or hundreds of thousands of dollars. But for the bottom 50%, those incremental increases are, when added to higher rents, absolutely crushing.

As for getting high-quality healthcare that includes mental health support–those are reserved for the rich. But no worries, self-medication is always a “choice.”

Getting a boost in pay from $12 an hour to $15 an hour is welcome, but that doesn’t put the worker any closer to affording a house or equivalent stake in the Everything Bubble.

The new feudalism is masked by the glossy SillyCon Valley PR of a gig economy where (per the PR fantasy) bright, shiny and totally independent workers freely choose to serve the winners in the rigged sweepstakes for low pay and zero benefits.

In the SillyCon Valley PR, serfs freely choose to serve their noble masters for nothing but survival because they love the “freedom” and “choice” of kissing the nobility’s plump derrieres. (After all, there were “choices” even back in the good old days of feudalism–one could join the brigands in the forest, or enlist in a poorly paid mercenary army where the odds of dying were high–you know, “choices” of “gigs.”)

One might anticipate that the bottom 50%’s meager share of the nation’s exploding wealth would have increased as smartly as the wealth of the billionaires, but alas, no–the bottom 50%’s share of stocks (equities) actually plummeted in the the glorious decades of Federal Reserve free money for financiers, stock buy-backs and asset bubbles.

All this suits the billionaires and those collecting the crumbs of the Everything Bubble just fine. So what if the bottom 50% have nowhere to go but down? There’s plenty of room in the homeless encampment for another broken down station wagon or an old camper. There’s lots of “choices.”

And no consequences for the winners, of course, because The Fed has our backs.

The Top 10%’s Bubble Is About to Burst

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By Charles Hugh Smith

Source: Of Two Minds

When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real.

A great many people are living in bubbles that are about to pop. The largest bubble is the one inhabited by people who complacently believe in time travel, i.e. that the world of 2019 is about to replace the nightmare of 2020 and we can all go back to our carefree debt-funded consumption frenzy and illusions of ever-greater wealth forever and ever.

The greater one’s sense of security, the more durable the bubble. Those in America’s top 10% who have reaped virtually all the gains in income and wealth of the past 20 years live in a bubble that they view as unbreakable: no matter what problems arise, their personal income and wealth is secured by the government, central bank, etc.

Put another way, the top 10% are confident their position atop the wealth-power pyramid is secure no matter what happens. Any dip in stocks, bonds, real estate, bat guano futures, etc. that causes their personal wealth to decline (horrors!) will be instantly bought because the Federal Reserve will print another couple trillion dollars and funnel it into risk assets, as it has done for the past 20 years.

Any spot of bother in the gravy trains that fund the top 10%–local and state government, universities, Big Tech, Big Pharma, Department of Defense, Wall Street, hedge funds, venture capital, etc.– will be doused with trillions of dollars borrowed or printed into existence by the Treasury or Fed. No matter what spot of bother arises, the solution–more trillions–is just a few keystrokes away.

The top 10% are supremely confident in the godlike powers of these agencies and solutions: the idea that these “solutions” become insoluble problems does not compute, just as a decline in asset valuations that doesn’t rebound within three weeks thanks to Fed intervention is firmly outside the realm of possibility.

The top 10% are also supremely confident in the rightness of their position atop the heap. That their position atop the heap is largely the result of a web of privilege and a long run of extraordinarily good fortune does not enter their bubble at all; in their bubble, their wealth, status, prestige and income are all the result of hard work and merit.

While this is certainly true for some, it is not true for all, and even those who scraped their way to the top the hard way do not recognize that their success over the past 20 years (and arguably the past 50 years) has been largely the result of a financialized rising tide raising all boats. In a Bull Market in virtually everything (except commodities), everyone is a hard-working genius who got it all via merit.

On top of this myopic belief that their success is all the result of their own endeavors rather than a tide of financialization, the top 10% are equally blind to the toxic consequences of the wealth/income inequality that has so richly benefited the few at the expense of the many. The idea that the bottom 90% might rebel against the financial / political system that has favored the already-wealthy for a generation is outside the top 10%’s realm of possibility.

But tides do not run in one direction forever, and a revolt against the unprecedented inequality that heavily favors the top 10% is not “impossible,” it’s a certainty. The top 10% are accustomed to being admired and respected for their accomplishments, expertise, wise investing and professional acumen. They are accustomed to viewing themselves as the essential technocrat class that keeps the U.S. system functioning.

The problem with this self-congratulatory perspective is the U.S. system is now in thrall to process rather than results. The technocrat class has been trained to follow needlessly complex procedures and compliance processes as the path to professional advancement while avoiding accountability for the increasingly dismal results of America’s bloated, sclerotic, insider-dominated systems.

All this needless complexity will be jettisoned once printing/borrowing trillions become the problem rather than the solution. The bottom 90% will demand not just a fairer distribution of income and wealth, they will also demand a system that actually functions for the greater social good rather than for insiders, parasites, leeches and technocrat processors who declare victory not from results but from their success in following approved processes / narratives.

Once costs must be cut and results take precedence over process, much of the technocrat class will find itself replaced by automated software. Those that remain will be valued for getting results by whatever means are available, up to and including ignoring all compliance procedures and bureaucratic box-ticking.

The top 10%–the rentier-technocrat class–will find the bottom 90% can no longer pay their rent, insurance, etc.–all the “services” that employ and enrich the top 10%. In other words, the losses as unproductive complexity unravels will finally fall on the top 10%, many of whom have been protected from exposure to market forces and risk.

Lastly, the top 10%’s ownership of assets will be crushed by asset deflation as insolvency can no longer be papered over by liquidity. Assets that are the foundation of top 10% wealth (that the bottom 90% own very little of) will go bidless as phantom wealth dissipates into the thin air from whence it came.

The top 10% reckon they’re untouchable, safe and protected in their asset lifeboats, and the sinking of the 90% won’t affect them. The top 10%’s bubble is about to burst. Not only will their lifeboats prove unstable, every level of government will come after whatever is left as taxes will soar on virtually every form of income and wealth.

Unlike the bottom 60%, who have few illusions about the rampant unfairness and predation of real-world America, the top 10%’s bubble is 90% illusion seasoned with 10% absolute delusion. The comfortable are about to experience some of the discomfort that is everyday life for the bottom 60%, and an increasing percentage of the next 30% who still aspire to fantasies of middle-class security will find social mobility is an escalator down.

We cannot print wealth, or borrow it into existence. All we can print/borrow is artifice, phantom representations of illusory “wealth” that will vanish into thin air, in a reverse of how the “money” was created–out of thin air.

When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. What’s real is the tide of financialization and globalization reversed over a year ago. The tide is now running out, but few loading their “wealth” into lifeboats have noticed–yet.

“The Great Reset” Already Happened

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By Charles Hugh Smith

Source: Of Two Minds

Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize.

The global elites’ techno-fantasy of a completely centralized future, The Great Reset, is addressed as a future project. Too bad it already happened in 2008-09. The lackeys and toadies tasked with spewing the PR are 12 years too late, and so are the critics listening to the PR with foreboding.

Simply put, events outran our understanding of them. The future already manifested while we were trying to cram the present arrangement into an obsolete conceptual framework.

In broad-brush, the post-World War II era ended around 1970. The legitimate prosperity of 1946-1970 was based on cheap oil controlled by the U.S. and the hegemony of the U.S. dollar. Everything else was merely decoration.

The Original Sin to hard-money advocates was America’s abandonment of the gold standard in 1971, but this was the only way to maintain hegemony. Maintaining the reserve currency is tricky, as the nation issuing the reserve currency has to supply the global economy with enough of the currency to grease commerce and stock central bank reserves around the world.

As the global economy expanded, the only way the U.S. could send enough dollars overseas was to run trade deficits, which in a gold standard meant the gold reserves would go to zero as trading partners holding dollars would exchange the currency for gold.

So the choice was: give up the reserve currency and the hegemony of the U.S. dollar by jacking up the dollar’s value so high that imports would collapse, or accept that hegemony was no longer compatible with the gold standard. It wasn’t a difficult decision: who would give up global hegemony, and for what?

Many other dynamics changed around the same time: social, cultural, political. These charts reflect the end of the postwar era and the ushering in of a new era.

Again in broad-brush, the key economic dynamic was the decline of labor’s share of the economy in favor of capital. Those who had only their labor to sell lost purchasing power, while those who could borrow or access capital benefited enormously. The charts below tell the story: labor’s share of the national income has stairstepped lower for 50 years (since 1970) while the super-wealthy’s share has outpaced everyone else 15-fold.

The dominance of financial capital is visible in the third chart, as private-sector financial assets are now 6 times the nation’s GDP, double the percentage of the postwar era.

This capital-friendly era was rocket-boosted by financialization in the 1980s, technology in the 1990s and globalization in the early 21st century. You can see each advance of capital’s top tier–the top 0.1%–in the chart below: the top 0.1% first pulled away in the 1980s financialization, stutter-stepped in the early 1990s and then exploded higher as technology fueled capital’s leverage and exposure to the gains reaped by computers and the Internet.

Alas, these extremes are not stable or sustainable, and so each wave ends in a devastating crash. The income of the top 0.1% took a hit as the dotcom bubble burst, but then China’s entry into the WTO saved the day as rampant globalization and additional extremes of financial leverage and fraud boosted their fortunes in the 2000s.

The dual extremes of financialization and globalization created the 2008 bubble, and its collapse almost took down the entire global capital house of cards. Central banks, ultimately financed by the Fed to the tune of $29 trillion, twice the size of America’s entire GDP, instituted The Great Reset under the usual guise of “emergency measures” which then became permanent policies.

The Great Reset led to the hyper-centralization of control over the global economy’s money as central banks coordinated unprecedented money-printing and financial repression, which includes zero-interest rate policies (ZIRP), as the debt-bubble would pop if rates aren’t nailed down to zero.

All the PR being spewed about The Great Reset is the final frantic flailing of a system that’s drowning in its own excesses. The 50-year long era of the few enriching themselves as the expense of the many has ended, for the same reason eras of extreme exploitation always end–the elites got too greedy and overshot the economy’s ability to sustain their rapidly expanding share of the income and wealth.

Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize. The hyper-centralized global money control has run out of rope as the cheap oil is gone, debts have ballooned to the point there is no way they’ll ever be paid down, and the only thing staving off collapse is money-printing, which holds the seeds of its own demise.

Allow me to summarize the only way The Great Reset envisioned by global elites can actually manifest: The Martians arrive towing huge meteorites of pure lithium and gold, and rather than incinerating the global elites, they hand the global elites the meteorites to further their concentration of wealth and power.

Short of that science fiction, this sucker’s going down. The Great Reset has already run its course after 12 long years of artifice, fraud and trickery. So global elite shills, lackeys, factotums, toadies and apparatchiks–prepare for your Wil-E-Coyote moment of truth.

Bill Gates’ Global Agenda and How We Can Resist His War on Life

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By Vandana Shiva

Source: resilience

The following excerpt is from Vandana Shiva’s new book Oneness vs. the 1% (Chelsea Green Publishing, August 31, 2020) and is reprinted with permission from the publisher.

In March 2015, Bill Gates showed an image of the coronavirus during a TED Talk and told the audience that it was what the greatest catastrophe of our time would look like. The real threat to life, he said, is ‘not missiles, but microbes.’ When the coronavirus pandemic swept over the earth like a tsunami five years later, he revived the war language, describing the pandemic as ‘a world war’.

‘The coronavirus pandemic pits all of humanity against the virus,’ he said.

In fact, the pandemic is not a war. The pandemic is a consequence of war. A war against life. The mechanical mind connected to the money machine of extraction has created the illusion of humans as separate from nature, and nature as dead, inert raw material to be exploited. But, in fact, we are part of the biome. And we are part of the virome. The biome and the virome are us. When we wage war on the biodiversity of our forests, our farms, and in our guts, we wage war on ourselves.

The health emergency of the coronavirus is inseparable from the health emergency of extinction, the health emergency of biodiversity loss, and the health emergency of the climate crisis. All of these emergencies are rooted in a mechanistic, militaristic, anthropocentric worldview that considers humans separate from—and superior to—other beings. Beings we can own, manipulate, and control. All of these emergencies are rooted in an economic model based on the illusion of limitless growth and limitless greed, which violate planetary boundaries, and destroy the integrity of ecosystems and individual species.

New diseases arise because a globalized, industrialized, inefficient agriculture invades habitats, destroys ecosystems, and manipulates animals, plants, and other organisms with no respect for their integrity or their health. We are linked worldwide through the spread of diseases like the coronavirus because we have invaded the homes of other species, manipulated plants and animals for commercial profits and greed, and cultivated monocultures. As we clear-cut forests, as we turn farms into industrial monocultures that produce toxic, nutritionally empty commodities, as our diets become degraded through industrial processing with synthetic chemicals and genetic engineering, and as we perpetuate the illusion that earth and life are raw materials to be exploited for profits, we are indeed connecting. But instead of connecting on a continuum of health by protecting biodiversity, integrity, and self-organization of all living beings, including humans, we are connected through disease.

According to the International Labour Organization, ‘1.6 billion informal economy workers (representing the most vulnerable in the labour market), out of a worldwide total of two billion and a global workforce of 3.3 billion, have suffered massive damage to their capacity to earn a living. This is due to lockdown measures and/or because they work in the hardest-hit sectors.’ According to the World Food Programme, a quarter of a billion additional people will be pushed to hunger and 300,000 could die every day. These, too, are pandemics that are killing people. Killing cannot be a prescription for saving lives.

Health is about life and living systems. There is no ‘life’ in the paradigm of health that Bill Gates and his ilk are promoting and imposing on the entire world. Gates has created global alliances to impose top-down analysis and prescriptions for health problems. He gives money to define the problems, and then he uses his influence and money to impose the solutions. And in the process, he gets richer. His ‘funding’ results in an erasure of democracy and biodiversity, of nature and culture. His ‘philanthropy’ is not just philanthrocapitalism. It is philanthroimperialism.

The coronavirus pandemic and lockdown have revealed even more clearly how we are being reduced to objects to be controlled, with our bodies and minds as the new colonies to be invaded. Empires create colonies, colonies enclose the commons of the indigenous living communities and turn them into sources of raw material to be extracted for profits. This linear, extractive logic is unable to see the intimate relations that sustain life in the natural world. It is blind to diversity, cycles of renewal, values of giving and sharing, and the power and potential of self-organising and mutuality. It is blind to the waste it creates and to the violence it unleashes. The extended coronavirus lockdown has been a lab experiment for a future without humanity.

On March 26, 2020, at a peak of the coronavirus pandemic and in the midst of the lockdown, Microsoft was granted a patent by the World Intellectual Property Organization (WIPO). Patent WO 060606 declares that ‘Human Body Activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system….’

The ‘body activity’ that Microsoft wants to mine includes radiation emitted from the human body, brain activities, body fluid flow, blood flow, organ activity, body movement such as eye movement, facial movement, and muscle movement, as well as any other activities that can be sensed and represented by images, waves, signals, texts, numbers, degrees, or any other information or data.

The patent is an intellectual property claim over our bodies and minds. In colonialism, colonisers assign themselves the right to take the land and resources of indigenous people, extinguish their cultures and sovereignty, and in extreme cases exterminate them. Patent WO 060606 is a declaration by Microsoft that our bodies and minds are its new colonies. We are mines of ‘raw material’—the data extracted from our bodies. Rather than sovereign, spiritual, conscious, intelligent beings making decisions and choices with wisdom and ethical values about the impacts of our actions on the natural and social world of which we are a part, and to which we are inextricably related, we are ‘users.’ A ‘user’ is a consumer without choice in the digital empire.

But that’s not the totality of Gates’ vision. In fact, it is even more sinister—to colonise the minds, bodies, and spirits of our children before they even have the opportunity to understand what freedom and sovereignty look and feel like, beginning with the most vulnerable.

In May 2020, Governor Andrew Cuomo of New York announced a partnership with the Gates Foundation to ‘reinvent education.’ Cuomo called Gates a visionary and argued that the pandemic has created ‘a moment in history when we can actually incorporate and advance [Gates’] ideas…all these buildings, all these physical classrooms—why with all the technology you have?’

In fact, Gates has been trying to dismantle the public education system of the United States for two decades. For him students are mines for data. That is why the indicators he promotes are attendance, college enrollment, and scores on a math and reading test, because these can be easily quantified and mined. In reimagining education, children will be monitored through surveillance systems to check if they are attentive while they are forced to take classes remotely, alone at home. The dystopia is one where children never return to schools, do not have a chance to play, do not have friends. It is a world without society, without relationships, without love and friendship.

As I look to the future in a world of Gates and Tech Barons, I see a humanity that is further polarized into large numbers of ‘throw away’ people who have no place in the new Empire. Those who are included in the new Empire will be little more than digital slaves.

Or, we can resist. We can seed another future, deepen our democracies, reclaim our commons, regenerate the earth as living members of a One Earth Family, rich in our diversity and freedom, one in our unity and interconnectedness. It is a healthier future. It is one we must fight for. It is one we must claim.

We stand at a precipice of extinction. Will we allow our humanity as living, conscious, intelligent, autonomous beings to be extinguished by a greed machine that does not know limits and is unable to put a break on its colonisation and destruction? Or will we stop the machine and defend our humanity, freedom, and autonomy to protect life on earth?

Sacrifice for Thee But None For Me

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By Charles Hugh Smith

Source: Of Two Minds

The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating.

Words can be debased just like currencies. Take the word sacrifice. The value of the original has been debased by trite, weepy overuse to the point of cliche. Like other manifestations of derealization and denormalization, this debasement is invisible, profound and ultimately devastating.

Consider the overworked slogan of implied shared sacrifice: we’re all in this together. Pardon my cynicism, but doesn’t this sound like what the first class passengers in the lifeboats shouted to the doomed steerage passengers on the sinking Titanic?

Here is the ice-cold reality of America in 2020: Sacrifice for Thee But None For Me. This isn’t a new trend, of course. Any measurable sacrifices shared by all the socio-economic classes ended with World War II in 1945, and since then it’s been one long slide to Sacrifice for Thee But None For Me.

We’ve seen this slide to decay and collapse many times in history. The elites who once gained social status and political power by making real sacrifices on behalf of the nation / empire become entirely self-serving, accumulating ever greater wealth and power by transferring all the sacrifices and risks onto the lower classes.

Peter Turchin, author of War and Peace and War: The Rise and Fall of Empires, describes how civic virtue is gradually replaced by personal greed and self-interest.

This excerpt perfectly captures the current zeitgeist:

“Virtus included the ability to distinguish between good and evil and to act in ways that promoted good, and especially the common good. Unlike Greeks, Romans did not stress individual prowess, as exhibited by Homeric heroes or Olympic champions. The ideal of hero was one whose courage, wisdom, and self-sacrifice saved his country in time of peril.

Unlike the selfish elites of the later periods, the aristocracy of the early Republic did not spare its blood or treasure in the service of the common interest. When 50,000 Romans, a staggering one fifth of Rome’s total manpower, perished in the battle of Cannae, as mentioned previously, the senate lost almost one third of its membership. This suggests that the senatorial aristocracy was more likely to be killed in wars than the average citizen….

The wealthy classes were also the first to volunteer extra taxes when they were needed… A graduated scale was used in which the senators paid the most, followed by the knights, and then other citizens. In addition, officers and centurions (but not common soldiers!) served without pay, saving the state 20 percent of the legion’s payroll….

The richest 1 percent of the Romans during the early Republic was only 10 to 20 times as wealthy as an average Roman citizen.”

Now compare that to the situation in Late Antiquity when

“An average Roman noble of senatorial class had property valued in the neighborhood of 20,000 Roman pounds of gold. There was no ‘middle class’ comparable to the small landholders of the third century B.C.; the huge majority of the population was made up of landless peasants working land that belonged to nobles. These peasants had hardly any property at all, but if we estimate it (very generously) at one tenth of a pound of gold, the wealth differential would be 200,000! Inequality grew both as a result of the rich getting richer (late imperial senators were 100 times wealthier than their Republican predecessors) and those of the middling wealth becoming poor.”

Compare this to the America of World War II and the America of today. Wealthy, politically influential families such as the Kennedys could only retain their influence if their sons served in positions of combat leadership, and Joe Kennedy was killed in the European theater after volunteering for a highly risky air mission. John F. Kennedy very nearly lost his life in the South Pacific.

And how do our era’s crop of presidents and presidential contenders fare by comparison? The idea that flesh and blood should ever be at risk in defense of the nation /empire–perish the thought.

As Turchin sagely observed, it’s not just the limitless greed and avoidance of sacrifice of the elite that generates destabilizing inequality–it’s the eradication of the middle class as all the risks and sacrifices were shifted from the self-serving top to the middle and lower classes.

As I’ve often noted, risk cannot be made to disappear, it can only be transferred to others. In the grand scheme of things, the inherent risks of globalization and financialization have all been transferred to the middle and working classes (however you define them). The elite class enjoys the near-infinite support of the Federal Reserve and it’s ability to print near-infinite sums of currency to bail out the greediest, most self-serving scum of parasites and speculators.

Meanwhile, all the sacrifices required to support this unfair, corrupt, predatory system have been transferred to the middle and working classes via sleight of hand. The sacrifices weren’t transparent and up front; they were cloaked in the decline of job security, in ever-higher costs, in the decline of social mobility and the erosion of the purchasing power of wages.

The elites’ economist flunkies and factotums claimed that bailing out the freeloaders, parasites and speculators would benefit “the little people” because the grand trade-off delivered by the Federal Reserve (as correspondent R.J. pointed out to me) was: no more financial panics, which caused much misery in the working class due to business failures causing layoffs and unemployment.

But globalization, financialization and the rise of cartel-state monopolies have eviscerated the middle and working classes far more effectively and permanently than any brief financial panic, while greatly enriching the elite class–a rise in wealth that is backstopped by the Federal Reserve: profits are the elites to keep while their losses are socialized, i.e. transferred to the lower classes.

Job security, the purchasing power of wages and social mobility–nothing vital to the middle or working classes is backstopped by the Fed; the Fed’s one and only job is backstopping the wealth of our parasitic, predatory elite.

Sacrifice for Thee But None For Me. The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating.

No, This Is Not Another 1929, 1973, 1987, 2000, or 2008

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By Charles Hugh Smith

Source: Of Two Minds

Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly.

Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. So we’ve been swamped with charts overlaying recent stock market action over 1929, 1987,2000 and 2008–though the closest analogy is actually the Oil Shock of 1973, an exogenous shock to a weakening, fragile economy.

But the reality is there is no analogous situation in the past to the present, and so all the predictions based on past performance will be misleading. The chartists and analysts claim that all markets act on the same patterns, which are reflections of human nature, and so seeking correlations of volatility and valuation that “worked” in the past will work in 2020.

Does anyone really believe the correlations of the past decade or two are high-probability predictors of the future as the entire brittle construct of fictional capital and extremes of globalization and financialization all unravel at once?

Here are a few of the many consequential differences between all previous recessions and the current situation:

1. Households have never been so dependent on debt as a substitute for stagnating wages.

2. Real earnings (adjusted for inflation) have never been so stagnant for the bottom 90% for so long.

3. Corporations have never been so dependent on debt (selling bonds or taking on loans) to fund money-losing operations (see Netflix) or stock buybacks designed to saddle the company with debt service expenses to enrich insiders.

4. The stock market has never been so dependent on what amounts to fraud–stock buybacks–to push valuations higher.

5. The economy has never been so dependent on absurdly overvalued stock valuations to prop up pension funds and the spending of the top 10% who own 85% of all stocks, i.e. “the wealth effect.”

6. The economy and the stock market have never been so dependent on central bank free money for financiers and corporations, money creation for the few at the expense of the many, what amounts to an embezzlement scheme.

7. Federal statistics have never been so gamed, rigged or distorted to support a neofeudal agenda of claiming a level of wide-spread prosperity that is entirely fictitious.

8. Major sectors of the economy have never been such rackets, i.e. cartels and quasi-monopolies that use obscure pricing and manipulation of government mandates to maximize profits while the quality and quantity of the goods and services they produce declines.

9. The economy has never been in such thrall to sociopaths who have mastered the exploitation of the letter of the law while completely overturning the spirit of the law.

10. Households and companies have never been so dependent on “free money” gained from asset appreciation based on speculation, not an actual increase in productivity or value.

11. The ascendancy of self-interest as the one organizing directive in politics and finance has never been so complete, and the resulting moral rot never more pervasive.

12. The dependence on fictitious capital masquerading as “wealth” has never been greater.

13. The dependence on simulacra, simulations and false fronts to hide the decay of trust, credibility, transparency and accountability has never been so pervasive and complete.

14. The corrupt linkage of political power, media ownership, “national security” agencies and corporate power has never been so widely accepted as “normal” and “unavoidable.”

15. Primary institutions such as higher education, healthcare and national defense have never been so dysfunctional, ineffective, sclerotic, resistant to reform or costly.

16. The economy has never been so dependent on constant central bank manipulation of the stock and housing markets.

17. The economy has never been so fragile or brittle, and so dependent on convenient fictions to stave off a crash in asset valuations.

18. Never before in U.S. history have the most valuable corporations all been engaged in selling goods and services that actively reduce productivity and human happiness.

This is only a selection of a much longer list, but you get the idea. Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly.

Toxic Agriculture and the Gates Foundation

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By Colin Todhunter

Source: Dissident Voice

The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). It is the largest charitable foundation in the world and distributes more aid for global health than any government. One of the foundation’s stated goals is to globally enhance healthcare and reduce extreme poverty.

The Gates Foundation is a major funder of the CGIAR system (formerly the Consultative Group for International Agricultural Research) — a global partnership whose stated aim is to strive for a food-secured future. Its research is aimed at reducing rural poverty, increasing food security, improving human health and nutrition and ensuring sustainable management of natural resources.

In 2016, the Gates Foundation was accused of dangerously and unaccountably distorting the direction of international development. The charges were laid out in a report by Global Justice Now: ‘Gated Development – Is the Gates Foundation always a force for good?‘ According to the report, the foundation’s strategy is based on deepening the role of multinational companies in the Global South.

On release of the report, Polly Jones, the head of campaigns and policy at Global Justice Now, said:

The Gates Foundation has rapidly become the most influential actor in the world of global health and agricultural policies, but there’s no oversight or accountability in how that influence is managed.

She added that this concentration of power and influence is even more problematic when you consider that the philanthropic vision of the Gates Foundation seems to be largely based on the values of ‘corporate America’:

The foundation is relentlessly promoting big business-based initiatives such as industrial agriculture, private health care and education. But these are all potentially exacerbating the problems of poverty and lack of access to basic resources that the foundation is supposed to be alleviating.

The report’s author, Mark Curtis, outlines the foundation’s promotion of industrial agriculture across Africa, which would undermine existing sustainable, small-scale farming that is providing the vast majority of food across the continent.

Curtis describes how the foundation is working with US agri-commodity trader Cargill in an $8 million project to “develop the soya value chain” in southern Africa. Cargill is the biggest global player in the production of and trade in soya with heavy investments in South America where GM soya monocrops (and associated agrochemicals) have displaced rural populations and caused health problems and environmental damage.

According to Curtis, the Gates-funded project will likely enable Cargill to capture a hitherto untapped African soya market and eventually introduce GM soya onto the continent. The Gates foundation is also supporting projects involving other chemical and seed corporations, including DuPont, Syngenta and Bayer. It is effectively promoting a model of industrial agriculture, the increasing use of agrochemicals and patented seeds, the privatisation of extension services and a very large focus on genetically modified crops.

What the Gates Foundation is doing is part of the Alliance for a Green Revolution in Africa (AGRA) initiative, which is based on the premise that hunger and malnutrition in Africa are mainly the result of a lack of technology and functioning markets. Curtis says AGRA has been intervening directly in the formulation of African governments’ agricultural policies on issues like seeds and land, opening up African markets to US agribusiness.

More than 80% of Africa’s seed supply comes from millions of small-scale farmers recycling and exchanging seed from year to year. But AGRA is promoting the commercial production of seed and is thus supporting the introduction of commercial (chemical-dependent) seed systems, which risk enabling a few large companies to control seed research and development, production and distribution.

The report notes that over the past two decades a long and slow process of national seed law reviews, sponsored by USAID and the G8 along with Bill Gates and others, has opened the door to multinational corporations’ involvement in seed production, including the acquisition of every sizeable seed enterprise on the African continent.

Gates, pesticides and global health

The Gates Foundation is also very active in the area of health, which is ironic given its promotion of industrial agriculture and its reliance on health-damaging agrochemicals. This is something that has not been lost on environmentalist Dr Rosemary Mason.

Mason notes that the Gates Foundation is a heavy pusher of agrochemicals and patented seeds. She adds that the Gates Foundation is also reported to be collaborating in Bayer’s promotion of “new chemical approaches” and “biological crop protection” (i.e. encouraging agrochemical sales and GM crops) in the Global South.

After having read the recent ‘A Future for the World’s Children? A WHO-UNICEF-Lancet Commission’, Mason noticed that pesticides were conspicuous by their absence and therefore decided to write to Professor Anthony Costello, director of the UCL Institute for Global Health, who is the lead author of the report.

In her open 19-page letter, ‘Why Don’t Pesticides Feature in the WHO-UNICEF-Lancet Commission?’, she notes in the Costello-led report that there is much talk about greater regulation of marketing of tobacco, alcohol, formula milk and sugar-sweetened beverages but no mention of pesticides.

But perhaps this should come as little surprise: some 42 authors’ names are attached to the report and Mason says that in one way or another via the organisations they belong to, many (if not most) have received funding from the Bill and Melinda Gates Foundation. The Gates Foundation is a prominent funder of the World Health Organization and UNICEF. Gates has been the largest or second largest contributor to the WHO’s budget in recent years. His foundation provided 11% of the WHO’s entire budget in 2015, which is 14 times greater than the UK government’s contribution.

Perhaps this sheds some light on to why a major report on child health would omit the effects of pesticides. Mason implies this is a serious omission given what the UN expert on toxics  Baskut Tuncak said in a November 2017 article in the Guardian:

Our children are growing up exposed to a toxic cocktail of weedkillers, insecticides, and fungicides. It’s on their food and in their water, and it’s even doused over their parks and playgrounds. Many governments insist that our standards of protection from these pesticides are strong enough. But as a scientist and a lawyer who specialises in chemicals and their potential impact on people’s fundamental rights, I beg to differ. Last month it was revealed that in recommending that glyphosate – the world’s most widely-used pesticide – was safe, the EU’s food safety watchdog copied and pasted pages of a report directly from Monsanto, the pesticide’s manufacturer. Revelations like these are simply shocking.

Mason notes that in February 2020, Tuncak rejected the idea that the risks posed by highly hazardous pesticides could be managed safely. He told Unearthed (GreenPeace UK’s journalism website) that there is nothing sustainable about the widespread use of highly hazardous pesticides for agriculture. Whether they poison workers, extinguish biodiversity, persist in the environment or accumulate in a mother’s breast milk, Tuncak argued that these are unsustainable, cannot be used safely and should have been phased out of use long ago.

In his 2017 article, he stated:

The UN Convention on the Rights of the Child, the most ratified international human rights treaty in the world (only the US is not a party), makes it clear that states have an explicit obligation to protect children from exposure to toxic chemicals, from contaminated food and polluted water, and to ensure that every child can realise their right to the highest attainable standard of health. These and many other rights of the child are abused by the current pesticide regime. These chemicals are everywhere and they are invisible.

Tuncak added that paediatricians have referred to childhood exposure to pesticides as creating a “silent pandemic” of disease and disability. He noted that exposure in pregnancy and childhood is linked to birth defects, diabetes, and cancer and stated that children are particularly vulnerable to these toxic chemicals: increasing evidence shows that even at ‘low’ doses of childhood exposure, irreversible health impacts can result.

He concluded that the overwhelming reliance of regulators on industry-funded studies, the exclusion of independent science from assessments and the confidentiality of studies relied upon by authorities must change.

However, it seems that the profits of agrochemical manufacturers trump the rights of  children and the public at large: a joint investigation by Unearthed and the NGO Public Eye has found the world’s five biggest pesticide manufacturers are making more than a third of their income from leading products, chemicals that pose serious hazards to human health and the environment.

Mason refers to an analysis of a huge database of 2018’s top-selling ‘crop protection products’ which revealed the world’s leading agrochemical companies made more than 35% of their sales from pesticides classed as “highly hazardous” to people, animals or ecosystems. The investigation identified billions of dollars of income for agrochemical giants BASF, Bayer, Corteva, FMC and Syngenta from chemicals found by regulatory authorities to pose health hazards like cancer or reproductive failure.

This investigation is based on an analysis of a huge dataset of pesticide sales from the agribusiness intelligence company Phillips McDougall. This firm conducts detailed market research all over the world and sells databases and intelligence to pesticide companies. The data covers around 40% of the $57.6bn global market for agricultural pesticides in 2018. It focuses on 43 countries, which between them represent more than 90% of the global pesticide market by value.

While Bill Gates promotes a chemical-intensive model of agriculture that dovetails with the needs and value chains of agri-food conglomerates, Mason outlines the spiraling rates of disease in the UK and the US and lays the blame at the door of the agrochemical corporations that Gates has opted to get into bed with. She focuses on the impact of glyphosate-based herbicides as well as the cocktail of chemicals sprayed on crops.

Mason has discussed the health-related impacts of glyphosate in numerous previous reports and in her open letter to Costello again refers to peer-reviewed studies and official statistics which indicate that glyphosate affects the gut microbiome and is responsible for a global metabolic health crisis provoked by an obesity epidemic. Moreover, she presents evidence that glyphosate causes epigenetic changes in humans and animals – diseases skip a generation then appear.

However, the mainstream narrative is to blame individuals for their ailments and conditions which are said to result from ‘lifestyle choices’. Yet Monsanto’s German owner Bayer has confirmed that more than 42,700 people have filed suits against Monsanto alleging that exposure to Roundup herbicide caused them or their loved ones to develop non-Hodgkin lymphoma and that Monsanto covered up the risks.

Mason says that each year there are steady increases in the numbers of new cancers and increases in deaths from the same cancers, with no treatments making any difference to the numbers; at the same time, she argues, these treatments maximise the bottom line of the drug companies while the impacts of agrochemicals remains conspicuously absent from the disease narrative.

She states that we are exposed to a lifetime’s exposure to thousands of synthetic chemicals that contaminate the blood and urine of nearly every person tested – “a global mass poisoning.”

Gates Foundation in perspective

As part of its hegemonic strategy, the Gates Foundation says it wants to ensure global food security and optimise health and nutrition.

However, Rosemary Mason alludes to the fact that the Gates Foundation seems happy to ignore the deleterious health impacts of agrochemicals while promoting the interests of the firms that produce them, but it facilitates many health programmes that help boost the bottom line of drug companies.  Health and health programmes seem only to be defined with certain parameters which facilitate the selling of the products of the major pharmaceutical companies which the foundation partners with. Indeed, researcher Jacob Levich argues that the Gates Foundation not merely facilitates unethical low-cost clinical trials (with often devastating effects for participants) in the Global South but also assists in the creating new markets for the “dubious” products of pharmaceuticals corporations.

As for food security, the foundation would do better by supporting agroecological  (agrochemical-free) approaches to agriculture, which various high-level UN reports have advocated for ensuring equitable global food security. But this would leave smallholder agriculture both intact and independent from Western agro-capital, something which runs counter to the underlying aims of the corporations that the foundation supports – dispossession and market dependency.

And these aims have been part of a decades-long strategy where we have seen the strengthening of an emerging global food regime based on agro-export mono-cropping linked to sovereign debt repayment and World Bank/IMF ‘structural adjustment’ directives. The outcomes have included a displacement of a food-producing peasantry, the consolidation of Western agri-food oligopolies and the transformation of many countries from food self-sufficiency into food deficit areas.

While Bill Gates is busy supporting the consolidation of Western agro-capital in Africa under the guise of ensuring ‘food security’, it is very convenient for him to ignore the fact that at the time of decolonisation in the 1960s Africa was not just self-sufficient in food but was actually a net food exporter with exports averaging 1.3 million tons a year between 1966-70. The continent now imports 25% of its food, with almost every country being a net food importer. More generally, developing countries produced a billion-dollar yearly surplus in the 1970s but by 2004 were importing US$ 11 billion a year.

The Gates Foundation promotes a (heavily subsidised and inefficient – certainly when the externalised health, social and environment costs are factored in) corporate-industrial farming system and the strengthening of a global neoliberal, fossil-fuel-dependent food regime that by its very nature fuels and thrives on, among other things, unjust trade policies, population displacement and land dispossession (something which the Gates Foundation once called for but euphemistically termed “land mobility”), commodity monocropping, soil and environmental degradation, illness, nutrient-deficient diets, a narrowing of the range of food crops, water shortages, pollution and the eradication of biodiversity.

At the same time, the foundation is helping powerful corporate interests to appropriate and commodify knowledge. For instance, since 2003, CGIAR (mentioned at the start of this article) and its 15 centres have received more than $720 million from the Gates Foundation. In a June 2016 article in The Asian Age, Vandana Shiva says the centres are accelerating the transfer of research and seeds to corporations, facilitating intellectual property piracy and seed monopolies created through IP laws and seed regulations.

Besides taking control of the seeds of farmers in CGIAR seed banks, Shiva adds that the Gates Foundation (along with the Rockefeller Foundation) is investing heavily in collecting seeds from across the world and storing them in a facility in Svalbard in the Arctic — the ‘doomsday vault’.

The foundation is also funding Diversity Seek (DivSeek), a global initiative to take patents on the seed collections through genomic mapping. Seven million crop accessions are in public seed banks.

Shiva says that DivSeek could allow five corporations to own this diversity and argues:

Today, biopiracy is carried out through the convergence of information technology and biotechnology. It is done by taking patents by ‘mapping’ genomes and genome sequences… DivSeek is a global project launched in 2015 to map the genetic data of the peasant diversity of seeds held in gene banks. It robs the peasants of their seeds and knowledge, it robs the seed of its integrity and diversity, its evolutionary history, its link to the soil and reduces it to ‘code’. It is an extractive project to ‘mine’ the data in the seed to ‘censor’ out the commons.

She notes that the peasants who evolved this diversity have no place in DivSeek — their knowledge is being mined and not recognised, honoured or conserved: an enclosure of the genetic commons.

This process is the very foundation of capitalism – appropriation of the commons (seeds, water, knowledge, land, etc.), which are then made artificially scarce and transformed into marketable commodities.

The Gates Foundation talks about health but facilitates the roll-out of a toxic form of agriculture whose agrochemicals cause immense damage. It talks of alleviating poverty and malnutrition and tackling food insecurity but it bolsters an inherently unjust global food regime which is responsible for perpetuating food insecurity, population displacement, land dispossession, privatisation of the commons and neoliberal policies that remove support from the vulnerable and marginalised, while providing lavish subsidies to corporations.

The Gates Foundation is part of the problem, not the solution. To more fully appreciate this, let us turn to a February 2020 article in the journal Globalizations. Its author, Ashok Kumbamu, argues that the ultimate aim of promoting new technologies – whether GM seeds, agrochemicals or commodified knowledge — on a colossal scale is to make agricultural inputs and outputs essential commodities, create dependency and bring all farming operations into the capitalist fold.

To properly understand Bill Gates’s ‘philanthropy’ is not to take stated goals and objectives at face value but to regard his ideology as an attempt to manufacture consent and prevent and marginalise more radical agrarian change that would challenge prevailing power structures and act as impediments to capitalist interests. The foundation’s activities must be located within the hegemonic and dispossessive strategies of imperialism: displacement of the peasantry and subjugating those who remain in agriculture to the needs of global distribution and supply chains dominated by the Western agri-food conglomerates whose interests the Gates Foundation facilitates and legitimises.

 

The full text of Rosemary Mason’s 19-page document (with relevant references) — ‘Why Don’t Pesticides Feature in the WHO-UNICEF-Lancet Commission?’ — can be accessed via the academia.edu website)  

From Quarantine To Tyranny To Rebellion: Where Is The Line In The Sand?

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By Brandon Smith

Source: Alt-Market.com

America is in a haze right now. It seems like half the country is in denial of the danger while the other half is awaking from apathy and frantically trying to prepare. This is creating a fog of confusion as one side screams “it’s nothing but the flu, stop buying up the grocery store…!”, and the other side just keeps stocking goods, though in an inexperienced way that prioritizes comfort over practicality.

The other day I went by the grocery store to grab a few peripheral items while they still exist on sale, and this was the first time since the Covid-19 situation began that people in my area actually seemed…different.   The usual carefree obliviousness was gone from their faces and they all had a deer-in-the-headlights look, their eyes wide as saucers as they nervously scrambled around the store.  None of them were absorbed into their cell phones.  All of them were alert as many people huddled over their cart, quickly snatching items from the shelves as if protecting themselves from potential thieves.  It seems that reality is finally hitting the masses square in the face like a sucker punch.

Suddenly, the prepper movement doesn’t look so “crazy” after all, and average people are now turning to prepper forums and websites to ask us for information on how to plan more effectively. Instead of stacking piles of toilet paper for psychological comfort, they are now buying food supplies.  The people who used to accuse us of being “chicken littles” and “doom mongers” are eerily silent. I almost miss them. At the very least, everyone is now concerned about the situation, if not for different reasons.

This is a far cry from the past two months, when governments around the world as well as the UN’s WHO continually downplayed the pandemic threat and offered the public nothing in terms of usable advice. The establishment consistently kept the public in the dark, not just on the virus and its capabilities but also on the vast weaknesses in the global economy. Abruptly in the past week they suggest that a threat is ahead and now millions of people are scrambling to prepare however they can.

As I have noted in previous articles, there is a reason why the establishment refused to inform the citizenry of the instabilities inherent in the pandemic scenario; the more unknowns there are for the public the more panic will set it, chaos ensues, and it is chaos that can be exploited to push forward numerous agendas. These agendas include global centralization as well as the erasure of constitutional liberties.

Now that a national collapse event is slowly being accepted by many as a legitimate possibility, there is a debate rising as to what measures the government should take, or should be allowed to take. Those of us in the prepper and liberty movements always knew this day was coming; a day when the public would start considering trading away an array of freedoms in exchange for promises of security.

Even now, government officials are still trying to tell people that this event will be “short lived”.

“Don’t worry”, they say, “It will only last a couple of weeks.” Oh, and “Don’t concern yourselves with food shortages, that’s not going to happen…” You can look at these lies in two different ways:

1) The government is trying to stave off a “panic” by slowly easing people into the reality that the system is breaking.

2) The government is trying to keep people passive to the danger so that when the system breaks completely they will be unprepared, desperate and easier to manipulate.

I believe the second option is the most likely given the evidence at hand, but in either case the government is crippling the public response time to the disaster. They did this for months and they are still trying to do it now.

So, my argument is, why should we suddenly take their advice or take orders from them when the manure hits the fan? They have FAILED in their responsibilities to inform and protect the citizenry, and they are about to violate their prime mandate, which is to protect the personal liberties that make our society worth living in. Without these freedoms, there is no point to keeping our system intact anyway.

The establishment and its defenders will claim that we all “have to make sacrifices” today in order to have freedoms tomorrow, but that’s not how the constitution was designed to work. Our rights are MORE important during times of distress and crisis, for it is in these times that we need to know what we are fighting for, and what we are struggling for. Survival is meaningless if we have to accept tyranny to achieve it.

Once governments see a chance to usurp freedoms from the people, they DO NOT tend to give those freedoms back later unless the people become a viable opponent that could bring the establishment down.

There are some who will say that a forced quarantine is necessary to protect the “greater good” of the greater number. It is true that the Covid-19 virus is a danger, and I think the people who claim it’s “no worse than the flu” are fighting a losing battle as the death rate is clearly much higher than the average flu virus. They will look extremely foolish a few months from now as the virus continues to cycle through the population and the dead continue to increase. That said, I think I understand why they cling to this crumbling argument.

They think that by arguing that the pandemic is “all hype” they can morally justify resistance to the inevitable totalitarian response from governments. They think it has to be one or the other:  Either the virus is hyped and resistance is acceptable, or the virus is real and resistance is unacceptable. I ask – Why can’t it be both? The virus is dangerous to many, but a totalitarian response is still unacceptable.

The virus is in fact more destructive than any flu in recent memory – It’s not a plague on the level of the Black Death, but if it continues to kill at a rate of 3% to 5% as it has been then this puts a large number of human beings at risk. It is not something to be taken lightly, and those people that are actively trying to discourage others from preparing for it are truly narcissistic in their ideology. If you don’t think it’s a threat, then don’t prepare, but don’t scream at others for taking precautions just because you desperately want to be right, and don’t come around demanding food and supplies from those same people when the ceiling comes crashing down on your head.

Also, understand that Covid-19 is only part of the problem. The bigger crisis is in the economy itself; a collapse has been built into the system for years now, and the virus has little to do with it.  Leftist kids are going around calling this pandemic the “boomer remover”, almost cheering the assumption that mostly older and conservative Americans will die from this.  I have to break it to them that during the economic collapse that is inevitably coming they will have to wipe the snot from their noses and put on their big-boy diapers otherwise they aren’t going to survive either; most of them have no discernible skills and no preparations to speak of.  They are essentially useless.

If Covid-19 is a “boomer remover”, then the economic crisis is a “snowflake bake”, and they are about to get roasted.

As I have noted time and time again over the past few years, the Everything Bubble only needed one major trigger event to fully implode, but the international banks and central banks created that precarious bubble in the first place, and they set up all the conditions which made it so dangerous. The virus is not the cause of the crash, it is just very good cover for the banks who are the real perpetrators.

Ignore the virus if you want, but the economic collapse is undeniable. Accept that the national and global emergency is real (even if it has been financially engineered), and let’s move on to a more meaningful debate: Should governments be allowed to implement martial law measures in response?

In my view there is no excuse for tyranny, even during a pandemic event. The majority of the public is more than capable of voluntary quarantine without government enforcement. Add government intervention into the mix and it will only make people want to do the opposite.  And beyond that, Covid-19 has such a long incubation period that ultimately most people will probably contract it anyway. Total containment is not achievable (as we have just seen in South Korea). Quarantines might slow the spread, which is good, but do not expect to avoid this virus indefinitely. Why sacrifice your freedoms for safety that is an illusion?

Then there is the argument of “herd immunity”, which is utter nonsense and always has been. Either a person or group is immune, or they are not, and people who are not immune do not put immune people at risk. Period. The claim that the virus might “mutate” within non-vaccinated or non-immune people and put vaccinated people at risk is a propaganda argument that ignores science. Generally, when a virus does mutate, it mutates into a less deadly or infectious strain, not a more deadly strain. Viruses are programmed to survive, too. If they evolved to kill ALL potential hosts then that would be counter to their survival imperative, which is why they usually evolve in the other direction.

In terms of Covid-19, there is no “herd immunity” by the establishment definition anyway, because it is a brand new virus. There is no vaccine and the vast majority of people have no antibodies. No one can make the argument that people need to be forcefully locked down in order to maintain a herd immunity that doesn’t exist.

Finally, there is a question of agenda and motive behind the rising call for martial law-like measures over the pandemic. For example, Champaign, Illinois mayor Deborah Frank Feinen has given herself executive powers in response to the coronavirus infection that are outright dictatorial and Soviet in their violations. Among other things, she demands the power to enforce curfews, ban public gatherings, ban alcohol, ban or confiscate firearms, as well as confiscate supplies from any citizen if those supplies are “needed for emergency response”.

Is this really about protecting the public? How does it protect the public to confiscate their only means of defense, or confiscate their food and supplies? This type of thing is usually done in communist countries, and it is done to protect government power, not protect the people.

Understand also that the Champaign mayor is not the only official calling for these types of actions. From New York to LA and beyond, those of us who are paying attention have noticed a swift and quiet implementation of orders that are whittling down American freedoms. Do not expect Donald Trump to operate differently, either. Expect him to initiate martial law measures (though he may not call it “martial law”) in the next few months. Expect him to activate Executive Order 13603, which was created by Barack Obama in 2012 and allows the federal government to appropriate everything from land to food to firearms in the event of a national emergency. This is going to happen. Count on it.

The pandemic is not an excuse for tyranny, and I for one will not comply. I and many I know will self quarantine for a time with the expectation that we will eventually contract the virus, and hopefully our immune systems are strong enough to fight it. In the meantime, I will not be allowing any government officials to confiscate my supplies or my firearms “for my own safety” or “for the greater good”.

I will not be cooperating with census takers asking questions about how much supplies I have stocked and whether or not I am ill.  I will not sit idle while checkpoints are set up in my county to enforce travel restrictions or demand people test for symptoms. I will not be signing up for government rations in exchange for my biometric data. I will not be visiting the local FEMA center for government aid. And, I will fight anyone that tries to assert martial law tactics in my area.

A message to the government: I know you won’t, but I suggest you leave people alone and let them self isolate in peace. Your brand of “help” is not the kind of help we need. You and the financial elites that reside over you created this mess, and we do not trust you to clean it up. At bottom, this disaster should result in your removal from power. You should be held accountable and replaced.

The system itself needs to be rebuilt from the ground up and principles of liberty need to return to the forefront of our society. Centralization and globalization have caused untold grief and terror to humanity; this collapse only reinforces the argument that we need to try something different. They will say that the world was “not centralized enough” and that a more global (totalitarian) framework is the solution. But, of course, who really benefits from that in the end? The common man, or the elites?

They can offer any rationalization they want in the name of public safety, but we know what the real play is here. If the line is crossed into martial law, I plan to fight. Not just for me, but for the next generation. Because if I do not, those children may grow up in the world never knowing what freedom truly is. There are fates worse than death, and a life of tyranny and slavery is one of them.