The Triumph of Mankind Over the Great Reset: Guns, Books, and the Social Contract

Joaquin Flores

November 20, 2020

In The Dystopic Great Reset and the Fight Back: Population Reduction and Hope for the Children of Men , our Part I, we developed on our previous essays on planned obsolescence and the problems of the old paradigm as we enter the 4th Industrial Revolution. We looked at how several science fiction works like ‘The Virus’ and ‘Children of Men’ in culture actually predicted and lent to us an understanding the new reified nightmare being built around us. Finally, we looked at Althusser’s ‘ISA’, Ideological State Apparatus and how this was developed towards a politically correct elite culture which opened the door to the so-called ‘new normal’, where slavery and self-harm are virtue signals.

At the end of ‘The Dystopic Great Reset and the Fight Back […]’ that it would be necessary to trace aspects of the history of the social contract in order to lay the foundation of understanding

In our previous essay ‘Capitalism After Corona Lockdown: Having the Power to Walk Away, we also then posed the question of the social contract itself.

Because the vast majority of us today are born into civilization, we don’t always think about its origins in terms of the agency of individuals who joined or formed the first civilizations. We tend to be taught through our institutions that it was something in between voluntary and natural, and the great 19th century nationalist romanticism promoted a view of self-determination of peoples, a view that would later be taken up by nationalist and leftist movements around the world in the 20th century – later enshrined in the UN.

But much of the story of the first state-building civilizations, understanding that people are a resource when organized and put to work, is that some balance between slavery and half-freedom rests at its foundation.

The mass production of books and guns, which came about within the same historical period, entirely upended the old foundation of class society. The mass production of guns and books may have, at a certain point, been seen as powerful reinforcements for the status quo. Larger armies could be effectively armed at lower cost. The Ideological State Apparatus, as we can infer from Althusser, could be disseminated and internalized more effectively. But as with technology, came its dual-use features. The very technologies developed with an eye at perfecting the control mechanisms within the status quo of oligarchic orders, in keeping up with the technologies that other competing power networks (countries, kingdoms, nations, etc.), can be turned on its head if these technologies were democratized and fell into the hands of the broadest possible numbers of people. Such was the process both in the American Revolution, and also for instance in the Vietnamese resistance to Japanese, French, and American colonialism in the last century.

For the first time in many centuries, knowledge and brute force were no longer an insurmountable near-monopoly held by the state or those it could compromise. The gun – the great equalizer of men, and the book – the great liberator of minds.

Since that epoch of great emancipation and promise, technology has continued with this contradictory path of dual-use. However, the balance of power and the natures of technologies hitherto developed has shifted tremendously, favoring the status quo and disempowering the broad masses. This lamentable condition, however, is upended by the applied technologies which the real 4th Industrial Revolution (not the World Economic Forum’s model) brings into being.

In the last epoch of the 20th century, we had begun a dangerous trajectory to a blind-sighted overspecialization (compartmentalization/fachidiotizmus) which are the hallmarks of technocracy, and away from the liberatory epoch of centuries past which gave rise to constitutional republics.

In the past, before the old liberatory epoch, just as a military class was reliant on exclusive access to armaments, today is characterized by a combination of pharmaceutical and social programming through media which are powers out of the reach of the people. This rise and perfection of what Heidegger would define and what Marcuse would characterize as a permanently stable techno-industrial bureaucratic mode of society, characterizes today’s world of social-media influencing, anti-depressants, mass psychological operations such as virtual or holographic pandemics (HIV, Covid-19, etc.), and the surveillance state.

This part is most important in establishing that for the foreseeable future, escaping the 4th Industrial Revolution is an impossibility. At the same time, the dual-use nature of the technologies still hold some liberatory potential, but the past methods of arriving at these has changed.

This means that the ideology of the ruling class is tremendously important. Unlike revolutionary republican and bolshevist conceptions of power and change which share an insurrectionist presumption premised in the liberatory age of guns and books (which made the ‘political soldier’ a possibility), we have increasingly entered a zenith point in social-control technologies wherein the likelihood of a controlled group winning a contest for power against the controlling group approaches zero, if we imagine this as a contest between armed groups wherein the military acts not in the interests of their extended families, but in the interests of those writing the checks.

Such limitations were already understood by those influenced by bolshevism, such as Antonio Gramsci in his discussion of hegemony in his Quaderni del Carcere. Cultural hegemony is a war of attrition over the entire ideological terrain, a component of what today we might call full-spectrum dominance. This parallels (and must have influenced) the later Althusserian conception of the Ideological State Apparatus (ISA).

The single-most revolutionary legal document to have arisen in the course of the last three-hundred years in the western tradition was the U.S. Constitution. At its foundation rests the assumption that man is born free, and enters into a social contract willingly, a view supported by a view of natural rights, natural law, and an equality of the soul endowed by the creator.

It is a social contract that man enters into every-day, and can exit any-day.

To understand the liberatory potential of a 4th Industrial Revolution is to understand the dual-use nature of technology in the history of liberatory epochs.

Before the rise of computers and robots performing much of the labor in society, societies grew in strength as they grew in people. With automation and roboticization, human beings become a surplus cost of no consequence to production provided that society itself is not anthropocentric.

The new normal being proposed, is one with no freedom of thought, let alone expression. It is one with social credit, tagging people as if they were animals on a wildlife reserve, and the total regimentation of every-day life. The contours of what techno-industrial civilization can lead to, of what scientific tyranny looks like, is not only visible to us now, but has been creeping into our lives for the past century.

The response to this in the U.S. has been an increasing support for Trump and the phenomenon that can really be described as ‘Trumpism’, which despite the media hologram of a Biden victory will most probably result in a second Trump administration. Trumpism has become synonymous with Constitutionalism, despite the revenge-fantasy language and tropes employed by a disconcerting segment of its base. In England, we have seen a parallel movement of the post-left, and a rise in ‘common law’ activism and an activist education campaign surrounding the meaning of the Magna Carta. For these parallel reasons, we had also previously characterized the Trump phenomenon as the child of a frustrated Occupy Wall Street movement after its affair with the Tea Party, but back in numbers and strength by a dispossessed working class long ago betrayed by organized labor, the DNC, and imbalanced trade deals with China.

But while these responses (with their defects and limitations) are a healthy sign, they do not yet have the depth to articulate a countering vision for society which also takes into account the state of technology as it exists today. That is why we have not seen a very thorough public discussion on the reality of technology, and the state of matters which are real and present.

Instead, we see from the conservative reaction to the 4IR – a reaction which raises all of the correct concerns and levies all of the correct criticisms against the banker’s version of it. This historically parallels the Luddites, who saw at the start of the 19th century that mass industry was replacing the work of the skilled trades and craftsmen with machines.

Their solution, to destroy the machines, failed primarily because machines produce more in volume than men. Even if they had won the political battle, it would have only been a matter of time before a competing society fully utilizing industry would over-take theirs. And perhaps this here tells the entire story of the conquest over nomadic and agriculturalist societies at the hands of the state-building, techno-industrial societies even thousands of years ago.

And so we arrive at the stark truth – there is no running or hiding from the future.

It is the task of free citizens to take ahold of the emerging new technologies into their own hands, for their own purposes: to live in society that acts towards human freedom and dignity of the soul. A world where our small children can grow up in a world without unnecessary humility or fear. A world where there is promise and hope, a promise truly justified by a real-existing society around them based upon what is true, what is beautiful, and what is good.

President of Russia Vladimir Putin address to G20 member countries

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President of Russia Vladimir Putin address to G20 member countries

Vladimir Putin addressed the meeting of the heads of delegations of the G20 member countries, invited states and international organisations.

The summit chaired by Saudi Arabia is held via videoconference on November 21–22.

The forum’s agenda includes issues of tackling the impacts of the coronavirus pandemic, providing universal access to vaccines, strengthening healthcare systems, global economic recovery and employment, as well as cooperation in the digital economy, fighting climate change, environmental protection and countering corruption.

* * *

President of Russia Vladimir Putin:

Colleagues,

The scope of problems humanity has faced in 2020 are truly unprecedented. The coronavirus pandemic, global lockdown and frozen economic activity have launched a systemic economic crisis the world probably has not known since the Great Depression.

The growth of national economies has been severely undermined. The pandemic claimed dozens, hundreds of thousands of lives while millions of people have lost their jobs and incomes.

The main risk, obviously, even despite some positive signals, the main risk remains: mass long-term unemployment, a so-called “stagnant” unemployment with the subsequent growth of poverty and social insecurity. The role of the G20 is to stop this from happening.

Russia highly values Saudi Arabia’s efforts during its G20 Presidency. In the present situation, the forums’ agenda was re-focussed towards global economic recovery and the protection of people’s health and wellbeing.

Drawing on the experience of fighting the 2008–2009 global financial crisis, the G20 launched a number of multilateral initiatives to curb pandemic-related economic risks and to restore business activity including via key global management institutions, namely the United Nations Organisation, the World Health Organisation, IMF, the World Bank and others.

Our countries have designed a package of incentives for the world economy totalling $12 trillion. The US President has spoken now about the US efforts – indeed, it is a very big contribution to the recovery of the American economy, which also means the recovery of the world economy.

We all together facilitated the emergency mobilisation of $21 billion for essential medical needs and gave a start to international cooperation in developing, producing and distributing vaccines.

Like other nations, Russia took unparalleled anti-crisis steps as it gave top priority to the key and fundamental value – people’s lives and health.

To ensure the sustainability of the national economy and maintain social stability, Russia’s Government together with the Bank of Russia are implementing a comprehensive plan of assistance to the population, small and medium-sized businesses and industries in the risk zone. Support was provided to the banking sector and regional budgets, businesses were issued loans while government investments were increased. The current volume of anti-crisis budget support totalled 4.5 percent of the GDP.

The timely adoption of these targeted measures allowed Russia, as well as the majority of developed countries, to mitigate the economic decline, to enhance the healthcare system and get through the hard times without irreparable losses. Both our accumulated reserves and attracting loan resources in the domestic market helped to finance the above measures.

Yet we are aware that the developing economies and some emerging market economies objectively lack such resources. Their fiscal revenues have plunged while the need to allocate considerable funds for fighting the pandemic is growing practically daily. National currency devaluation carries a big risk, and respectively, the cost of servicing on the state debt, primarily for low income countries, which have two thirds of their loans in US dollars.

The IMF and the World Bank rendered significant assistance to developing countries. Following their proposal, G20 made a decision in April to install a temporary moratorium on developing nations’ debt payments. That is certainly a much-needed initiative, but it only covers the poorest countries. It does not include their debt to private creditors and concerns less than four percent of the developing countries’ overall costs of servicing state debt in the current year.

I believe additional measures are needed to prevent the deterioration of the situation and the growth of economic and social inequality.

Urgent issues that have accumulated in international trade also need to be addressed. Thus, it is necessary to try to contain protectionism, to abandon the practice of unilateral sanctions and to resume delivery chains. We spoke about this just yesterday at another international platform, APEC.

Adjustment of multilateral universal trade rules to e-commerce (much needs to be done in this area) and other new economic realities are also on the agenda.

On the whole, the G20 should continue searching for new approaches to reforming the World Trade Organisation to meet present-day challenges. This task defies a solution without a stable and effective multilateral trade system, but at present, there is no alternative to the World Trade Organisation.

Russia supports the draft key decision of the current summit aimed at making effective and safe vaccines accessible for everyone. Undoubtedly, immunisation drugs are and must be universal public domain. Our country, Russia, is ready to provide the countries in need with the vaccines developed by our researchers. This is the world’s first registered vaccine Sputnik V, based on human adenoviral vectors platform. The second Russian vaccine, EpiVacCorona from a Novosibirsk research centre, is also ready. The third Russian vaccine is coming.

The scale of the pandemic compels us to engage all the resources and research available. Our common goal is to form portfolios of vaccines and ensure reliable protection for the planet’s population. It means that there will be enough work for everyone, colleagues, and I think it is a case when competition may be inevitable but we must proceed primarily from humanitarian considerations and make it a priority.

Let me stress – this crisis must become an opportunity to alter the trajectory of global development, preserve the favourable environment and climate, ensure equal conditions for all nations and peoples, build up effective tools of multilateral cooperation and key international institutions while drawing upon the UN Charter and universally accepted norms and principles of international law. We see this approach to solving global issues as the key task and responsibility of the G20 as the main forum of the world’s leading economies.

Colleagues, I would like to once again thank the hosts of today’s event, Saudi Arabia. Thank you for your attention.

The World is on the Brink Yet Again

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It’s all so sensational, I am sure there is no journalists or playwright who can begin to express how messed up the world is today. In America, a president acts like a petulant adolescent. In Europe, a league of nations cannot cope with anything, at least not effectively. Even a global pandemic has not been able to galvanize humanity onto a single course of action. Instead of rallying behind scientists and doctors, people now question everything. The situation is dire. And worse still, it is obscured slightly by the still churning wheels of former progress. Momentum is all that is holding the world together.

Everywhere, trust in leaders and in government is at an all-time low. Not even our most revered institutions are credible anymore, at least not for a huge swath of society. The people are caught in a nightmarish reality where Trump seems ready to snatch democracy into a dark age. Half the world is eager to take a new vaccine to prevent COVID-19 and to end the costly lockdowns, and the other half seems ready to refuse the same remedy, for fear some billionaire has put a control chip inside the vaccine. Yes, millions and millions of people believe a global pandemic is fake. They believe that somehow every doctor and scientist in the world has been bribed to blame COVID for each death.

I was on Twitter yesterday commenting on a crazy tweet by a well-known architect in the UK when I finally realized how close we are to the rim of confrontation. From Athens to Venice, the fire starters of anarchy are pouring gas on civil unrest against prudent mask wearing and lockdowns. Many on Twitter and across social media have been tweeting and sharing their brains out telling their world how lockdowns to prevent the spread of COVID-19 are going to kill us all! How wearing masks will end us all! And that COVID-19 is actually not all that bad after all! Yes, educated people are taking their valuable time to go nuts disseminating dangerous information, as if they are the saviors or humankind!

To gasp how monumentally dangerous this is, just multiply one provocative post by tens and hundreds of millions on social media and off. Magnify their flawed science, ideas, fears, and personal agendas by a few million even, and the future of humanity clings by threads to civilization. We are about to see a total meltdown, I fear. A meltdown where two sides of an argument crush all those caught in the middle. The “knowing” are about to mow down anyone standing in between, in the chasm created by COVID, bad leadership, and economic cataclysm.

Then there’s the “news” that Vladimir Putin in preparation for World War III. The Russian president’s announcement of the completion of an H-Bomb proof command center has the alt-media going nutso speculating on when, where, and how President Putin will run the fireworks while the rest of the world glows nuclear blue. But wait, wouldn’t we all be disappointed if Vladimir Putin did not prepare? Given the circumstances today, the former KGB Colonel would be stupid not to plan for a pretty obvious contingency. Or am I wrong? Let’s see how this might pan out.

In scenario number one, Donald Trump trips totally out and seizes power through the support of his backers and the U.S. military. A civil war ensues, where this soulless adolescent declares war on his own people. The west descends into anarchy as the American glue that held the whole mess together, melts down into something Medieval. Trump finally snatches a dictatorship from a republic, and then the bullets and rockets start to fly. Bye, bye civilized world. Or, something like that.

Another scenario, the more likely one, evolves once Joe Biden is inaugurated as president. The man owned lock, stock, and barrel by the military-industrial complex does a Ukraine redux and continues the work of the Obama, Bush, and Clinton administrations, changing every regime that stands in the way of total world domination by America and her cousins in London. Russia is pushed to the brink, and so are all the nations outside the NATO beehive. With no alternative in sight, and with all the cards on the table finally, Russia and China have to draw that line in the sand. And trust me, Joe Biden and his string-pullers won’t back down. The liberal order has their own command bunkers, and they are crazy enough to believe mutually assured destruction (MAD) is a good thing for them.

This is the place where people like Bill Gates will be able to put their plans in place. When the population has thinned down to a few hundred thousand, that’s when your chip goes into your veins. I know some of you get it. Joe Biden the warmonger, is almost as dangerous as Donald Trump.

In the midst of all the bad news, in between the bad wishes for Russia and Putin to fail, somewhere beyond Americans feating a Chinese invasion, and overshadowing fears southern rednecks will start a new civil war in America for Trump, Russia’s president is beseeching Washington to renew an old agreement. Putin’s representatives have now invited Washington to seriously consider the arms control initiative put forward by Russian President Putin on October 26. But don’t hold your breath, Washington is boiling over.

As for positive news, a new type of cotton face mask releases reactive oxygen species (ROS) that kill viruses and bacteria. Scientists have developed a special type of cotton face mask that kills up to 99.9999% of bacteria and viruses within 60 minutes of daylight exposure. Unfortunately, Half of Facebook’s 1 billion users will gleefully search Google for yet another reason facemasks and lockdowns will kill us all. So now you must surely get it. It’s you versus your alter ego-self with the other opinion. Someday, probably sooner than later, the two sides of this trying human experiment are going to go to war. And we’ve fought hundreds of deadly wars over much less furious opinions and ideas.

Phil Butler, is a policy investigator and analyst, a political scientist and expert on Eastern Europe, he’s an author of the recent bestseller “Putin’s Praetorians” and other books. He writes exclusively for the online magazine “New Eastern Outlook.”

Trump and his Enemies: Election 2020

Trump and his Enemies: Election 2020
https://thesaker.is/trump-and-his-enemies-election-2020/

November 06, 2020

By Larchmonter445 for the Saker Blog

What we see playing out in front of the whole world is the final battle of Trump and his Enemies. The historic vote, the democratic process of the will of the American People, is a sideshow. Atop that election event, which was the largest and most egalitarian in modern U.S. history, is the existential struggle between Donald J. Trump, interloper and paradigm destroyer, and an array of the most powerful U.S. stakeholders, his avowed enemies.

As the legal combat rolls out to try save Trump’s election results, each state or city that Trump’s lawyers challenge in court is a citadel of Trump enemies, some unique, some sub rosa, most flying their colors as adversaries since he unleashed his candidacy for the Executive Power of the Presidency.

There are three key states that are headlining the legal contests—Arizona, Nevada and Pennsylvania. Additionally, North Carolina and Georgia present as conflict zones, too, the former holding for Trump, the latter leeching the lead to Biden. Peeling back the Repubs versus the Dems struggle for victory, we discover the enemies are not political foes. We discover the enemies are power foes. Trump came for their power and took the hilltop, the Oval Office. They have spent billions of dollars to dislodge him, to destroy him, to decimate his assets like the ninja blade missile fired at General Soleimani shredded the Iranian’s body.

Trump’s candidacy for a second term relies on winning in all these states. Examining the legal skirmishes in each case, he has little chance of achieving his needed goals. Meanwhile, his winning vote totals are being diminished by the hour as his enemies use century old “vote” manipulations to assure Biden’s victory.

What this is not is an ideological-political fight, though the campaign was overwhelmed with ideological munitions exploding at every level.

The struggle for dominance now underway is about pure power to command the domestic and foreign assets of the United States Government and to influence the corporate assets and human assets of the nation domestically and globally. Trump wants to focus on domestic economic and technological development and GDP growth while his Enemies want to use all the power they need to maintain global hegemony.

Trump took the Presidency in 2016, and with it, the Republican Party, the Conservative movement, and the Evangelical base. Recently, in this election, he expanded the Black, Gay and Hispanic component of the Republican voting base. This has held the Senate for the Republicans and increased the House seats, as well as gaining ground in State governors and State legislatures, critical in a year of Census that determines Congressional districts for the next decade.

Trump immobilized a potential nemesis, the MIC, with $2.5 Trillion in contracts for new weapons and munitions and R&D to pursue offensive and defensive systems that the Russians and Chinese already possess. That he also poured ice water on the Afghan War and the Syrian War, and is chilling the African secret special forces wars did not rattle the corporate pigs who live off defense budgets. But, he has agitated the officer corps that depends on small-scale conflicts that boost their careers with battle ribbons and commendations and keeps them climbing the ladder to ‘stars’ on their shoulders. Without wars, the future is very limited for officers. The careers of officers are pressurized by the Congressional mandate of “up or out”, which is a culling process of either you get promoted up or you are exited out of the active duty service. The best insurance of constant career advancement is perpetual wars, small and laden with proxies actually doing the fighting and dying. The US officer corps has lived on these regional wars for many decades. Trump threatens them by shutting the Presidential valves that sustain such ventures. Many officers have spoken out against Trump.

A brief tour of what was done early on and during the campaign to stop Trump from winning outright is necessary. This year, after three years of false accusations of being a stooge for Russia, colluding with Putin, the House impeached Trump for a phone call to Zelensky, President of Ukraine, fabricating a deal was proposed, quid pro quo, that would benefit Trump. Immediately disproved with the official transcript of said phone call, the country and Trump were nonetheless put through the agony of the one-party impeachment which was instantly killed in womb (Pelosi’s or Schiff’s, it was never established), but the demon was dead on arrival. It cost Trump prestige and some votes in the middle. Mud sticks and stains in politics. Bullshit does, also, and stinks for quite some time, too.

Then Covid hit the nation. Trump worked assiduously as President to use US influence and domestic resources to get PPEs, ventilators, swabs and tests, and hospitals ready for an onslaught of patients. He used national presidential powers to get corporations to manufacture ventilators. He coaxed the Big Pharma corporations to push out therapeutics and to design a mass manufacturing of vaccines. He broke the inertia in the Homeland Security, CDC and FDA and dissolved red tape and traditional foot-dragging to get emergency approvals of whatever looked promising to mitigate, moderate and stop the virus from harming or killing the infected. He created a national task force that incorporated all branches of the military to solve all logistical issues that arose and might arise as testing, therapeutics and vaccine would roll out in hot spots Dr. Birx determined and then into regions and states the epidemic modelers directed. Trump was far ahead of the curve on everything a President could do.

Most importantly, in the single decision that had to be made, to close the nation’s economy and get tens of millions of businesses to shut down while employees stayed safely at home as the virus swept around the country, he did it when the ‘scientists’ and ‘doctors’ advised him to. It was the death knell of his economic success and tore the foundation from his re-election campaign.

Trump would have been unstoppable in 2020 election if not for the shutdown. It cost millions of Americans their income, their jobs, their businesses and impacted their children who were subject to digital home schooling because all their schools were closed, K-12 and colleges and universities, too. The Covid deaths and fears would not have stopped him.

The collapse of the economy altered the Trump MAGA success. His re-election would have been an historic landslide and wipeout of the Dems, likely winning the House back, also. Certainly, he would have won 40 of the 50 states.

What Covid did was give the Dems a campaign issue that along with the 3+ years of demonization, the impeachment, the investigations, the Infowar, the sabotage and treachery by the Intel agencies and State Dept., all the legal cases against Trump allies by Muller, the prolonged agony of General Flynn made by a Federal DC judge, enabled by the Appeals Court, made the false charge that Trump did not listen to the doctors and scientists stick.

Trump never made a false move, never went against science. He pushed the envelope to get breakthroughs. He was ahead of the curve, and the economy coming back so swiftly and strongly proves he did everything correctly. He saved lives and saved the economy. But it cost him support at the ballot box. He was pilloried by MSM and Dems, and demagogued by the Biden campaign. All false charges. But they stuck.

The one thing that Trump could not do in the fight against Covid was direct and order 50 states to act in concert. The Federal system of states left governors in charge of the fate of their citizens, and many governors, Dems all of them, messed up, acted late, made the wrong decisions. Their failures were heaped on Trump by the Media and the very Dem governors who caused a large percentage of the deaths by the virus.

The facts are the facts. In New York, Governor Cuomo caused thousands of deaths in nursing homes. He did not use thousands of beds provided by Trump in the Javits Center and on the Naval hospital ship, all of which Cuomo had requested. He did not even use a 110-bed tent facility in Central Park provided for him by Samaritan’s Purse. Culpability in New York alone was criminal and accounted for 40% of US deaths by Covid. Trump, however, got covered with the mud from Cuomo’s mess.

The final poison arrow from Covid’s quiver was Trump got infected. He quickly proved his amazing genetic health and recovered, experimenting upon himself with emergency-approved (due to his prior swift actions) therapeutics. The entire ordeal (which also touched his wife, Melania and son, Baron) cost him two weeks of vital campaigning. The ironically named by him, China virus, had come to ruin his re-election as if Zhongnanhai had intended to inflict him with the novel Corona virus. Fate or karma had entered the campaign.

We can uncover his thinly veiled enemies as we look closely at the States ‘counting’ the votes. Perhaps, the verb ‘compiling’ the votes is best used because any freshman observer of what has traditionally and continually occurred where and when needed is not mere vote counting. We see the completion of vote counting of the opponents largest haul (in this case, Trump’s bastions) and then, calculating with simple arithmetic, addition and subtraction, as the long night (always), with delays (always) and the days or weeks needed to ‘find’ the votes needed to overcome his total in order to create victory for Biden. Compiling votes is what we see going on in these key states.

This compiling is an art form, a tradecraft, indeed, a tradecraft used by State Dept. and CIA to win victories for satraps the US wants to win or hold power in other countries’ elections. In parts of the U.S., in Democrat vales and burgs, it is learned with mother’s milk. Professionals handle the task. I have personally seen it in operation in Florida, in New Jersey and in California. When it comes time to “count the votes”, the pros appear. Some know their names. Whether the system of voting is machines, punch cards, ink fill-ins, magical things occur. This is the final step of stealing an election.

Worse awaited Trump as he roared around the nation, rallying his voters by the tens of thousands, some days doing five rallies. Enemies lurked among the 19,000 counties of the United States where the votes of 2020 would be tallied. Some enemies, no doubt, were ideological, political foes. Some were institutional, government employees who feared four years of coming reforms that might likely cost them their jobs. Others were sore losers and turncoat Republicans who lost in 2016. A few were billionaires, oligarchs of high tech, whose demi-god status in the Liberal Cult was defied by the upstart Trump who would never kneel before their billions and influence. A ground swell for breaking up some of the big tech corporations and regulating them seemed primed for his second term.

The oligarchs sent their money to pay for the work needed to stop Trump. They sent billions of dollars mostly for negative advertising and for social media memes picked up by MSM as themes of the day, all rancid attacks against Trump.

Proven social and political science: negative advertising works. It depresses voting turnout and suppresses votes for the target. It eats at the undecided and independents who otherwise would have voted for the target. Billions of dollars of negative ads stopped the Red Wave. Turnout was historic, and the Republicans gained ground, but the landslide Trump needed was stopped.

The oligarchs who control all social media, also leveraged their platform’s influence and impact worth hundreds of millions, if not billions of dollars, to manipulate discourse, Internet search, government officials’ statements, tweets and re-tweets, advertising and digital content. Namely, Mark Zuckerberg, Jack Dorsey, Tim Cook, Sundar Pichai, Sergey Brin, Larry Page, and Eric Schmidt were allied against Trump. Jeff Bezos, through his Washington Post, contributed the devastating suppression poll of a 17 pt. Biden lead in Wisconsin. Publicized nationally, that was a very powerful negative cast against the Trump campaign in the last days of the campaign. In addition, Bloomberg and George Soros injected hundreds of millions of dollars in the election in the swing states.

Nevada: Harry Reid, former Senate Majority Leader, operates a political machine in the state, openly hostile to Trump. The unionized casino employees, culinary workers union of 60,000, and thousands of illegals who worked construction, landscaping and low level jobs in Reno and Las Vegas, coalesced against Trump. Most all of these two groups are unemployed due to Covid shutdown, with thousands illegally voting, while many worked were paid Biden and Dem campaign volunteers.

Arizona: John McCain’s family, livid at the insults to John by Trump, were openly allied with NeverTrumpers like Jeff Flake and Mitt Romney, most importantly the Bush dynasty operatives all of whom hate Trump for his humiliating defeat of Jeff Bush campaigned against Trump. This hatred of Trump manifested into an irrational undermining of the campaign of Senator Martha McSally. One would think that Martha McSally as a combat A-10 Warthog pilot and group commander with years of active warfare experience would be a natural successor to the McCain Senate seat. However, her career as a combat pilot was a success that dwarfed the disastrous McCain career. So the McCains chose to work against her and Trump, especially when Trump backed her strongly. Arizona also has substantial illegals, useful to work and vote against Trump’s campaign because in a second term, they would likely be deported. Finally, Blue State émigrés from California have populated Maricopa County and voted against Trump as they would have in California. Their vote in Arizona made a difference.

Pennsylvania: The Philly Dem political machine is historic and perpetual. They cheat in local, state and federal elections and have for a century. Additionally, the Hillary Clinton-family machine is alive and well, ever ready to deliver votes when needed in the Commonwealth. Her father was from Scranton, she and her brothers and Bill had a political machine that could deliver to her most of the state except the Philadelphia region. She certainly activated her machine to work against Trump. Watch the grin on Ed Rendell’s face when Pennsylvania is stolen for Biden. He’s always been out front for the Clintons.

Georgia: There is a cadre of Black officials who projected the drumbeat of “Trump is a Racist”, the chanting led by the Atlanta mayor. Countering this propaganda, Trump had the personal endorsement of the greatest athlete Georgia ever produced, Herschel Walker, who has had a 37-year friendship with Trump and campaigned for Trump. Making these officials livid, too, was the relationship Trump had with Martin Luther King, Jr.’s niece, Dr. Alveda King. She testified endlessly that Trump was no racist. Nonetheless, the massive Black vote was tainted away from Trump, though he made larger than predicted inroads with Blacks in other venues.

North Carolina is now a state heavily influenced by Virginia’s shift to Blue. Sections of the state, where high tech industry abounds, are ideologically liberal and created enough barrier against Trump sweeping the state. Details haven’t emerged about how this state is now subject to delivery to Biden unless Trump’s margin can hold.

However, the elites, oligarchs, status quo stakeholders, criminal officials, the corrupted, deep state operatives, shadow government bureaucrats, influencers, neocons, and a sea of demented activists have waged a war to prevent a second term for Trump.

They sought Power and, apparently, will seize it soon.

###

—Larchmonter445

COVID and Its Man-Made Gigantic Collateral Damage: The Great Reset – A Call for Civil Disobedience

By Peter Koenig

Global Research, November 03, 2020

The going narrative in the west is: “Covid is on the Rise – we are entering the second wave – we must protect our people.”

The offered recipe is testing-testing-testing – it is the instrument for increasing “cases”. The more you test, the more cases you have. Is that so difficult to understand? If tomorrow the world stops “testing”, covid is gone. Finito. Back to life. That’s what they don’t want, though. “They”, the higher-ups. Let me call them the diabolical Deep Dark State.

However, testing and the testing results are never analyzed. How many positives are asymptomatic, who are the “positives’, what are their age groups? According to all those doctors around the world who have stepped out of the Matrix and formed associations of medical professionals and related scientists, most of them call themselves Doctors for the Truth, in Germany, Belgium, Spain, France, Switzerland, Austria, Netherlands, Denmark, Peru, the USA and more – more than 80% of the “positives” are asymptomatic, meaning asymptomatic people feel nothing and never get sick.

About ten to fifteen percent have slight to more serious symptoms, but do not need hospitalization – and the rest who may be hospitalized is above 75 or 80 years of age almost all of them with one to several comorbidities. Of those who die, most die from a medical pre-condition – coronary disease, diabetes, cancer – with “tested” covid-19, but not from covid-19.

According to the various associations of Doctors for the Truth, concluded based on their experience, more than 50% of the so-called RT-PCM (Reverse transcription polymerase chain reaction) deliver “false positives”. Of course, the labs, hospitals and doctors who perform them are aware. But they are silenced with a carrot or a stick. And the “false positives” conveniently help drive covid statistics through the roof.

But who would have an interest in that?

***

Curiously, very curiously – in the northern hemisphere – also called the Global North- the hundreds of years-old common flu has literally disappeared. From one year to another. We have just entered the season of the common flu, or “influenza”. Fall and winter are typical for the annual flu and cold. But nobody talks about it. Suddenly the flu has evaporated. – No flu statistics. No mainstream media, no coopted doctors, hospitals or Covid Task Force, and, of course, no government officials, especially not those from the sacrosanct Health Authorities, would ever mention the word flu or “influenza”. – Why? They don’t think that We, the people could get the idea. Or do they?

The Second Wave – Peter Koenig and Prof. Michel Chossudovsky from Global Research on Vimeo.

Is it possible that the flu has been adopted, integrated into covid? This is just an innocent question, of course. One ought not to speculate with things that could put authorities in a corner, or worse, imply that they have been lying to the people who elected them, to the very people who pay their salaries.

And why would they do that? Do they have an obscure reason? Someone, something high-high above them, who tells them, all 193 UN nations at once, they have to cheat their people, because these high-high above them, sinister dark un-people have an agenda to implement? Perhaps Bill Gates’ Agenda ID2020, accompanied by WEF’s Klaus Schwab’s “Covid-19 – The Great Reset” (July 2020, available on Amazon and everywhere)?

It is indeed, possible, that governments around the globe have been coopted, by carrot or by stick (to put it benignly), to drive up covid statistics, covid “cases”; and what’s more convenient in the fall-winter season than converting the common flu which in any case, when tested, will show corona viruses. The flu and covid viruses are very-very similar; they are practically undistinguishable in a test.

Ask the doctors who stepped out of the Matrix, the doctors for the truth, virtually all flu viruses contain a proportion of corona viruses, as high as 17% to 20%. So, telling what is what is almost impossible, and even less so, if the mix-up can be favorable for covid – and help drive the covid statistics up and up and up.

But who would be interested in making the pandemic look worse than it already is? Isn’t it, that everybody wants to “flatten the curve”? At least that’s what they said during the first wave. It justified the first lockdown. Why would it be different in the second wave? And yes, we are suddenly in the midst of the second wave. But nobody dares talking again about flattening the curve.

Virtually all governments have assured their people – frankly, we are more subjects, than people for them, subjects that are manipulated with lies and masks and social distancing, separated from their loved ones through senseless quarantines – these potentially resisting subjects, WE, were assured that there will be no second lockdown, that the countries, the world, could not afford a second lockdown. However, gradually but with giant steps, these dictatorial governments, almost all of whom have quietly and without consultation of the people, adopted “Health Emergency Laws” – a close equivalent to Martial Law – have closed all the windows and doors, so that “bang” another lockdown is on the plate. And again, nowhere to escape.

Open Letter to the COVID-Corrupted Media. Non-stop Reporting, Alarming and Fearmongering

Germany, France, Spain, Belgium, Austria, Portugal, Greece, the UK, and so far, partly Switzerland – have just declared within the last 48 hours a lockdown, or a quasi-lockdown, with curfews and “house arrests” – isolation at home, shop closings, work-from-home rules, and more.  Worse may follow. People take it. Benign protests only. But no steadfast and unrelenting resistance yet.

(French second full lockdown protest, initially until end November 2020 – AP Photo, Daniel Cole). Others governments are weighing in, rather “when” than “if” – they want to take this draconian step, eviscerating the last shred of the remaining economy, and causing detrimental damage to humanity, social damage, from isolation, social distancing – not being able getting together with family and friends. In some countries like Canada, the tyrannical Trudeau government has already announced that this year “Christmas may be cancelled” – meaning, no visits with families and friends. Others may follow suit. Can you imagine!

In a recent interview with RT, Stanford University Professor, medical doctor and President Trump’s Covid advisor, Scott Atlas, called the lockdown policies an “epic failure” and argued they are “killing people,”. Atlas added, “The public-health leadership have failed egregiously, and they’re killing people with their fear-inducing shutdown policies.” And further, “The lockdowns will go down as an epic failure of public policy by people who refuse to accept, they were wrong.”

Atlas then pointed to job losses, rising suicides, rising drug abuse and the harm being done to young people, tying the issues to the Covid-19 restrictions put in place. He referred to a study showing that 25 percent of Americans aged 18 to 24 thought about killing themselves in June “due to the lockdown,” he said. And what’s maybe worse, We’re creating a generation of neurotic children, forcing them to wear masks and be six feet apart from their friends, or not even have school in person.”

People do not take it! Resist!

France, under President Macron, is already considering a third wave. RT reports, “France’s minister of solidarity and health, Olivier Veran, has said he cannot rule out a third wave of the coronavirus, as the country enters a second national lockdown.

As they battle a new spike in Covid-19 cases, French officials are already concerned about the threat of a third wave. Discussing the situation on France Info radio, Veran told listeners that, due to the severity of the virus and the speed at which it’s spreading, it’s not possible to rule out a third wave, even if the second peak is brought under control.

Defending the government’s decision to implement a second national lockdown, which comes into effect at midnight on Thursday (29 October), Veran claimed that it’s “nobody’s failure,” but said there are challenges with containing the spread, as they are dealing with an “invisible enemy.”

A second wave, worldwide, was already predicted in May 2020 – because those who call the shots on the “innocent” people knew exactly that the flu season will come, as it does every year.

Now, the flu is blended in with covid, mixed up and adding to the dramatic hike of covid “cases”, covid statistics. This and the media hype will create more FEAR, more – or rather – THE justification for a second lockdown – and obedience, yes, the scared are weak and vulnerable, they are manipulable – especially when threatened at the same time with disproportionately huge fines for disobedience. FEAR is the strongest weapon of these tyrants.

The FEAR factor, makes new parents accept that hospitals impose upon them to wear masks when receiving their newborn. Faceless parents, fearsome world. Their newborn and later toddlers and children will know their parents with masks. Facial expressions are hidden.

The child is being isolated in plain sight from their parents.

That’s what this monstrous dictatorship, to which every government of this world is submissive, wants. Alienated children – a generation that grows up in a faceless society.

This is a sinister form of child abuse that may destroy an entire generation.

But that’s what the eugenists behind this covid cum 5G atrocity want – heartless, emotionless people, who may easily become dispensable. The dispensable people – is not a new term. It has been used regularly in the circles of the current US Administration – to designate people who are in their views worthless for society.

This reminds of an infamous Henry Kissinger saying,

Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world. These words were spoken already in the 1960s, by a eugenist. That’s what Kissinger is, a Rockefeller protégé, sharing his Master’s deepest thoughts, and he is joined, by whom else, Bill Gates, who doesn’t make a secret of wanting to reduce “drastically” the world population. It would therefore not come as a surprise, if the Great Reset also had in mind reducing food supply to certain “lesser populations”.

Even without disrupting food supplies, the poor will have no money to purchase food.

They will enter a painful phase of famine, parents seeing their children starve – and many will succumb to famine, death by famine.

This is the natural consequence of what’s already happening – bankruptcies abound, unemployment rises into unheard dimensions. The International Labor Office (ILO) predicts by end 2020 to mid-2021 that up to half of the world’s workforce may be out of work – most of them in the Global South, where about 70% of labor is “informal”, meaning no social safety nets, no pensions, no unemployment benefits, nothing.

Simultaneously, The World Food Program (WFP) predicts a Famine Pandemic – the consequences of which are far more disastrous than those of the so-called “covid-pandemic”. The WFP reports that today already 821 million people go to bed hungry every night, and an additional 135 million people facing crisis levels of hunger or worse. That means 135 million people on earth are marching towards the brink of starvation.

WFP predicts that Covid-19 will likely add another 130 million, who could be facing starvation by the end of 2020. That’s a total of 265 million people on the brink of death from starvation by the end of 2020. (See this)

The world’s governments – and all 193 UN members participate in one way or another – they are genocidal, since they know exactly what they are doing.

Enter the Great Reset, referred to above. It presents a disaster plan of total destruction – the 4th Industrial Revolution, based on IT, algorithms, robotism, transferring assets from the bottom to the top, what’s left of them, converting them in an “eco-friendly” way into a new capitalism, painted green, The New Green Deal. Will people fall for it? Propaganda is strong. Propaganda had already started with the 1992 Environmental Conference in Rio (The United Nations Conference on Environment and Development (UNCED), from 3-14 June 1992. This conference set the pace for the climate hype that ensued and to which by now almost the entire world is enslaved, leading to “How Dare You” Greta – and now the New Green Deal.

In this 4th Industrial age, where robots call the shots, we the surviving people, other than the commanding elite, of course, would become tele-commanded obedient servants, a bit like Aldous Huxley’s futuristic “Brave New World”.

We can resist. Peacefully of course. For example, no more testing. Nobody goes “testing” – and within no time the covid figures would decline. Covid would actually stop. And the common flu, as it does every year, would bother us a bit. But no reason for fear, because there ae plenty of remedies – but NO Vaccines.

We have to peacefully engage in dialogue with the police and military, explain to them what’s at stake – they must understand that they are only the obedient servants of an abject rich elite’s agenda that has nothing to do with protecting public health, that, to the contrary, they are destroying public health and humanity. Police and military are just like us, We, the People. Once this dark sinister elite reached their goal of total control and take-over, police and military will be discarded and replaced by robots. That’s already in the books.

We have to talk to medical personnel in hospitals, clinics and medical practitioners, as well as to teachers from Kindergarten to primary school, all the way to universities – explain to them “sinister plan”- and what it has already done to humanity, to the world’s socioeconomic fabric.

And finally, we have to engage with the numerous country-associations of thousands of medical doctors, virologists, immunologists and other scientists in the bio-medical field, who have stepped out of the matrix and sided with the people, often at the detriment of their careers – and worse.

No more testing – and covid will be gone. And no vaccines.

Only in unison we are strong and can overcome. And overcome we shall.

*

Note to readers: please click the share buttons above or below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

Peter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for online journals such as Global Research; ICH; New Eastern Outlook (NEO) and more. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance. He is a Research Associate of the Centre for Research on Globalization.The original source of this article is Global ResearchCopyright © Peter Koenig, Global Research, 2020

The Sleeping Giant Awakes And Reveals “The West” as Lilliput

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The Sleeping Giant Awakes And Reveals “The West” as Lilliput

October 27, 2020

This comment was chosen by moderator SA from the post “Weekly China Newsbrief and Sitrep”.Comment by Ahino Wolf Sushanti

I’m from Malaysia. China has traded with Malaysia for 2000 years. In those years, they had been the world’s biggest powers many times. Never once they sent troops to take our land. Admiral Zhenghe came to Malacca five times, in gigantic fleets, and a flagship eight times the size of Christopher Columbus’ flagship, Santa Maria. He could have seized Malacca easily, but he did not. In 1511, the Portuguese came. In 1642, the Dutch came. In the 18th century the British came. We were colonised by each, one after another.

When China wanted spices from India, they traded with the Indians. When they wanted gems, they traded with the Persian. They didn’t take lands. The only time China expanded beyond their current borders was in Yuan Dynasty, when Genghis and his descendants Ogedei Khan, Guyuk Khan & Kublai Khan concurred China, Mid Asia and Eastern Europe. But Yuan Dynasty, although being based in China, was a part of the Mongolian Empire.

Then came the Century of Humiliation. Britain smuggled opium into China to dope the population, a strategy to turn the trade deficit around, after the British could not find enough silver to pay the Qing Dynasty in their tea and porcelain trades. After the opium warehouses were burned down and ports were closed by the Chinese in ordered to curb opium, the British started the opium I, which China lost. Hong Kong was forced to be surrendered to the British in a peace talk (Nanjing Treaty). The British owned 90% of the opium market in China, during that time, Queen Victoria was the world’s biggest drug baron. The remaining 10% was owned by American merchants from Boston. Many of Boston’s institutions were built with profit from opium.

After 12 years of Nanjing Treaty, the West started getting really really greedy. The British wanted the Qing government:
1. To open the borders of China to allow goods coming in and out freely, and tax free.
2. Make opium legal in China.
Insane requests, Qing government said no. The British and French, with supports from the US and Russia from behind, started Opium War II with China, which again, China lost. The Anglo-French military raided the Summer Palace, and threatened to burn down the Imperial Palace, the Qing government was forced to pay with ports, free business zones, 300,000 kilograms of silver and Kowloon was taken. Since then, China’s resources flew out freely through these business zones and ports. In the subsequent amendment to the treaties, Chinese people were sold overseas to serve as labor.

In 1900, China suffered attacks by the 8-National Alliance(Japan, Russia, Britain, France, USA, Germany, Italy, Austria-Hungary). Innocent Chinese civilians in Peking (Beijing now) were murdered, buildings were destroyed & women were raped. The Imperial Palace was raided, and treasures ended up in museums like the British Museum in London and the Louvre in Paris.

In late 1930’s China was occupied by the Japanese in WWII. Millions of Chinese died during the occupancy. 300,000 Chinese died in Nanjing Massacre alone.

Mao brought China together again from the shambles. There were peace and unity for some time. But Mao’s later reign saw sufferings and deaths from famine and power struggles.

Then came Deng Xiao Ping and his infamous “black-cat and white-cat” story. His preference in pragmatism than ideologies has transformed China. This thinking allowed China to evolve all the time to adapt to the actual needs in the country, instead of rigidly bounded to ideologies. It also signified the death of Communism in actually practice in China. The current Socialism+Meritocracy+Market Economy model fits the Chinese like gloves, and it propels the uprise of China. Singapore has a similar model, and has been arguably more successful than Hong Kong, because Hong Kong being gateway to China, was riding on the economic boom in China, while Singapore had no one to gain from.

In just 30 years, the CPC have moved 800 millions of people out from poverty. The rate of growth is unprecedented in human history. They have built the biggest mobile network, by far the biggest high speed rail network in the world, and they have become a behemoth in infrastructure. They made a fishing village called Shenzhen into the world’s second largest technological centre after the Silicon Valley. They are growing into a technological power house. It has the most elaborate e-commerce and cashless payment system in the world. They have launched exploration to Mars. The Chinese are living a good life and China has become one of the safest countries in the world. The level of patriotism in the country has reached an unprecedented height.

For all of the achievements, the West has nothing good to say about it. China suffers from intense anti-China propaganda from the West. Western Media used the keyword “Communist” to instil fear and hatred towards China.
Everything China does is negatively reported.

They claimed China used slave labor in making iPhones. The truth was, Apple was the most profitable company in the world, it took most of the profit, leave some to Foxconn (a Taiwanese company) and little to the labor.

They claimed China was inhuman with one-child policy. By the way absolutely recommended by the UN-Health-Organisation at that time. At the same time, they accused China of polluting the earth with its huge population. The fact is the Chinese consume just 30% of energy per capita compared to the US.

They claimed China underwent ethnic cleansing in Xinjiang. The fact is China has a policy which priorities ethnic minorities. For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one. The minorities are allowed a lower score for university intakes. There are 39,000 mosque in China, and 2100 in the US. China has about 3 times more mosque per Muslim than the US.
When terrorist attacks happened in Xinjiang, China had two choices:
1. Re-educate the Uighur extremists before they turned terrorists.
2. Let them be, after they launch attacks and killed innocent people, bomb their homes.
China chose 1 to solve problem from the root and not to do killing. How the US solve terrorism? Fire missiles from battleships, drop bombs from the sky.

During the pandemic,
When China took extreme measures to lock-down the people, they were accused of being inhuman.
When China recovered swiftly because of the extreme measures, they were accused of lying about the actual numbers.
When China’s cases became so low that they could provide medical support to other countries, they were accused of politically motivated.
Western Media always have reasons to bash China.

Just like any country, there are irresponsible individuals from China which do bad and dirty things, but the China government overall has done very well. But I hear this comment over and over by people from the West: I like Chinese people, but the CPC is “evil”\’. What they really want is the Chinese to change the government, because the current one is too good.

Fortunately China is not a multi-party democratic country, otherwise the opposition party in China will be supported by notorious NGOs (Non-Government Organization) of the USA, like the NED (National Endowment for Democracy), to topple the ruling party. The US and the British couldn’t crack Mainland China, so they work on Hong Kong. Of all the ex-British colonial countries, only the Hong Kongers were offered BNOs by the British. Because the UK would like the Hong Kongers to think they are British citizens, not Chinese. A divide-and-conquer strategy, which they often used in Color Revolutions around the world.

They resort to low dirty tricks like detaining Huawei’s CFO & banning Huawei. They raised a silly trade war which benefits no one. Trade deficit always exist between a developing and a developed country. USA is like a luxury car seller who ask a farmer: why am I always buying your vegetables and you haven’t bought any of my cars?

When the Chinese were making socks for the world 30 years ago, the world let it be. But when Chinese started to make high technology products, like Huawei and DJI, it caused red-alert. Because when Western and Japanese products are equal to Chinese in technologies, they could never match the Chinese in prices. First world countries want China to continue in making socks. Instead of stepping up themselves, they want to pull China down.

The recent movement by the US against China has a very important background. When Libya, Iran, and China decided to ditch the US dollar in oil trades, Gaddafi’s was killed by the US, Iran was being sanctioned by the US, and now it’s China’s turn. The US has been printing money out of nothing. The only reason why the US Dollar is still widely accepted, is because it’s the only currency which oil is allowed to be traded with. The US has an agreement with Saudi that oil must be traded in US dollar ONLY. Without the petrol-dollar status, the US dollars will sink, and America will fall. Therefore anyone trying to disobey this order will be eliminated. China will soon use a gold-backed crypto-currency, the alarms in the White House go off like mad.

China’s achievement has been by hard work. Not buy looting the world.

I have deep sympathy for China for all the suffering, but now I feel happy for them. China is not rising, they are going back to where they belong. Good luck China.

Which ever ‘Joker’ wins, the US has no energy left for self-correction

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Wednesday, 21 October 2020 1:54 AM  [ Last Update: Wednesday, 21 October 2020 2:52 AM ]

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
US President Donald Trump watches a video of Democratic presidential nominee former Vice President Joe Biden as he holds a Make America Great Again rally as he campaigns at Erie International Airport in Erie, Pennsylvania, October 20, 2020.
Which ever ‘Joker’ wins, the US has no energy left for self-correction

By Ramin Mazaheri

Ramin Mazaheri is currently covering the US elections. He is the chief correspondent in Paris for PressTV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of ‘Socialism’s Ignored Success: Iranian Islamic Socialism’as well as ‘I’ll Ruin Everything You Are: Ending Western Propaganda on Red China’, which is also available in simplified and traditional Chinese.

Watching the incredible bias of how the US media covers this presidential election assures the world of two things:

1. The largest divide in the United States is not urban/rural, White/Black, sexual, nor the male/female divide recently brought to the fore by #MeToo. It is not even a Democrat/Republican divide, because every outsider sees that these two groups are fundamentally united on so very many issues when accurately placed on the global (not merely domestic) political spectrum. The most obvious chasm is between nation’s leader class (political, media, economic, and cultural) and the nation’s masses.

The US “leader class” – those who control the decision-making process or the preparatory opinion-making process – obviously lead lives completely divorced from the grinding, exhausting, time-clock punching, economically-precarious life of the masses. 2020 has laid this even more bare.

Because America is an evangelistic, missionary culture which has now given the cyber-means of mass communication to the masses – and this is something Lenin could never foresee, though maybe Andy Warhol did – we should also affix to this classical “leader class” a smaller subset of a “self-appointed leader class”.

This new class are exemplified by a housewife who has never punched a timeclock but who sees herself as the moral-socioeconomic-intellectual guardian of her local community. But the key here is that the Boomers’ community-shaping PTA (Parents-Teachers Association) has moved online and into sweatpants from basements: I am describing the proactive, energetic and opinionated “influencers” on social media.

These people can perhaps fairly be described as “half-informed”, because if they were fully “informed” they would likely be tapped for the “leader” class. These people also differ from the “leader class” in that – even though they get no pay at all for doing so – they post, and comment, and do much unpaid work online, just as no one got paid at the PTA or other community organisations.

This subset should be accounted for because this class is seemingly within the masses, but in thought, culture and desire they want to join the leader class. When divorced from the basics of socialism (class awareness, anti-imperialism, government guidance of the economy in non-Pentagon forms), those from this class are – at best – stagnation inducing, and at worst chaos-inducing. They know just enough to be dangerous, as the saying goes.

They should be accounted for in any analysis of the US because it is not the 1950s: the majority of Americans appear to get their “news” from Facebook in 2020. Therefore we cannot ignore the people who desire to be in the “leader class” but who settle for being the “self-appointed leader class” of their own little Facebook group – these people are shaping America greatly today, no?

However, the problem is that these loud, self-asserted leaders (housewives, internet tough guys, doctoral students who have more mouth & attitude than learned or even useful skills, seniors who think American realities are the same now as they were in 1980 that they are routinely told “Ok, Boomer….”) are so mentally evangelical (not in the Christian sense of the word) that their socio-political-cultural aims have become as remote from daily, grinding, political-economic realities as the classical “leader” class in capitalist-imperialist America.

Both leader classes care about (I would say primarily with defending their limited zone of prestige and privilege, as this is a capitalist-individualist culture) things which the masses generally do not care about, therefore, these two formal and informal leader-classes must goad and intimidate the masses into sharing the narrow, often useless concerns of the two leader classes.

Thus the huge divide, which – given the economic and cultural catastrophe of the coronavirus hysteria – has never been wider nor more obvious.

US Election Night will be marred by turbulence, chaos

US Election Night will be marred by turbulence, chaos

An awful lot of turbulence and chaos will hit the election night following the November 3 US presidential election, Stephen Lendman has said.

2. The United States spends so much time in combating the ultimately pernicious influence of both the leader and self-appointed leader classes that whichever candidate wins… this country has exhausted all of its resources (which includes the allotted amount of preparatory time before these bills come due/the world turns/opportunities are over/possibilities are forever lost) to somehow dramatically rejuvenate itself post-Trump, post-coronavirus hysteria, post-Great Lockdown and post-The Enormous Fundamental Problems Which Actually Existed Prior to 2016. This latter collection of problems is something which is hysterically denied by the leader & self-appointed leader classes via distraction and duplicity, and which creates a blind spot that reduces their field of vision to the size of seemingly only a tiny keyhole.

So what I am referring to is a definite declaration of irreversible American decline: there must be a decline, because the 2020 Covid-fighting success of China (entirely due to their socialist-inspired structures, which allows the blunting of economic and social catastrophes) shows a superpower in undecline; a superpower with the ability to fight off decline.

I am not a negative person and I embrace a multipolar and especially multilateral world, but I ask on behalf of Americans who are obsessed with not just status but US dominance: where is the collective energy and will for rejuvenation in the US which is necessarily required to re-surpass China?

This analysis is based upon the theory that certain regions do excel & thrive at certain points in history – for various reasons – more than others. Iran in 1965 was totally unworthy of note – in 2020 it just outlasted and outpointed the US and Israel and their “don’t give Iranians the ability to defend themselves from our war” arms embargo. In 2007 this was a unipolar world, but the past decade has seen China soar to the point that the IMF just conceded it has the biggest economy in the word.

How can this not be obvious, and how can the United States’ inability to stop this decline not be more obvious?

Huge swaths in US feel excluded, sick of election circus

Huge swaths in US feel excluded, sick of election circus

The American people are increasingly waking up to the fact that the whole election farce has little to do with them, Daniel Patrick Welch has said.

The Joker laughs at you, but he also often tries to commit suicide from depression

This obviousness is something which was first hinted at more than a decade ago by the first class-based slogan to gain popular traction in many decades in the US: the various iterations of “we are the 99%” or “they are the 1%”. But points #1 and #2 are forcefully supported by reality when we consider just how hard the leader and self-appointed leadership classes work to suppress the sociopolitical and cultural analyses which find spontaneous, widespread support among the nation’s masses.

One will never hear Wolf Blitzer, or Paul Krugman, or Joe Biden, or Donald Trump carry into battle a banner with this popular slogan, making it their own cornerstone for their daily behavior and decisions.

Of course, modern Western culture has always viewed the world linearly and not cyclically – they especially do not want to revisit history but instead to live constantly in the memory-annihilating present. Therefore, they falsely assume a slogan from a mere 10 years ago is already obsolete, as is the most popular movie of 2019. (This is the only excellent review of Joker I have ever seen: The leftist review of Joker which you’ve been waiting for).

Take, for example, the 2019 movie Joker: We must remember how very resonant and beloved this movie was in the US and yet how intellectually assassinated it was by the US leader and self-appointed leader classes. Critics called it all sorts of absurd names – White Supremacist and “incel”-encouraging were foisted despite their absurdity. Again, the leader and self-appointed leader classes had to goad and intimidate the masses into accepting phony concerns as legitimate: I bet only 1% of readers knew what an “incel” was prior to Joker, so how could it be such a huge, worrying issue?

If we do not allow ourselves to forget the incredible resonance of this movie among the masses – if we resist changing the channel from a movie from just last year to something new, like the latest news in the US election circus – we can be reminded of how this hugely-resonating movie, which we all saw, was also incredibly depressing, alienated, tense and (in that quintessential American imperialist-capitalist fashion) homicidal.

We don’t need Slavoj Zizek to tell us that this vital culture artefact and barometer buttresses the assertion that the US has no capacity for rejuvenation anymore because: The masses are exhausted. The characteristics of Joker, which I just listed, reflect exactly that – exhaustion, not inspiration.

Joker – a critical view of modern American society, but one which had to be absurdly dressed-up as the origin story to a superhero villain, as America is so in need of fantasy that they can only be attracted to the movie theatres by childish superhero nonsense – is not notable two weeks before the presidential election because it presaged the 2020 chaos but because it correctly described the alienation and desperation of US society in 2019.

It’s certainly far worse now in 2020 no? Again – there is no capacity for rejuvenation in a culture which was already down and depressed and then embarked on a hysterical Great Lockdown without the democratic and economic safeguards which socialist-inspired, revolutionary nations have.

Therefore, no matter how much makeup is put on the pigs on TV who lead or who dream of leading, rejuvenation cannot occur without wholesale changes to American society (assuming any major changes could actually be agreed up on in America, which appears to be a big LOL). But, crucially, the resonance and popularity of Joker reminds us that the masses who must provide the backbone for implementing such changes – their wherewithal, the mines of their energies, the hours in the day they have available to spend on non-survival activities, etc. – were already depleted in 2019.

An America in 2019 – with China already scrambling up the back of the US to stand on its shoulders – they were especially unready and too depleted for a Great Lockdown to keep a leader’s necessary pace. Too bad America’s leaders and self-appointed leader class did not recognise this in spring.

The two writers behind Joker grasped this in 2019, and it’s worth noting that they are both Jewish, proof that this is a class-consciousness/intellectual issue above all: one of the writers also wrote perhaps the last “White Trash” movie before Joker which was both excellent and broadly popular with the masses, 8 Mile, the story of the rapper Eminem.

Nearly 25% of Americans will be broke by election day

Nearly 25% of Americans will be broke by election day

The Great Lockdown in the United States has caused so much economic despair that according to a report in USA Today a stunning 25% of the nation has just three weeks of savings – meaning they will be totally broke by election day on November 3.

Exhausted America admires Trump not for his promises anymore, but merely for his energy

It is for this very reason – that he can still visibly muster tremendously energetic resistance, which is so very foreign in 2020 in the US – that Trump is so popular with the masses. The self-appointed leader class still cannot explain this facet of Trump’s popularity – i.e. the charisma facet.

The leader class is energetically charged by the fact of their own success; the self-appointed leader class is energetically charged by classic American evangelical hysteria, as well as dreams of dominance – neither can understand the masses’ exhaustion.

One simply has to look at the recent “Town Hall” meeting, which was substituted for a 2nd debate due to Trump’s coronavirus contraction/the desire to hide Biden from the limelight’s scrutiny:

A morning show talk host – no doubt informed and prodded by the producers talking to her in her earpiece – absolutely grilled Trump on NBC. Her questions were all designed to avoid the serious structural issues which affect the masses’ daily life, and instead designed to denigrate Trump in their eyes. For example, QAnon – I have never heard any average American (who was not from the two leader classes) bring this up, but I have heard many in the masses about the Democratic stonewalling for a 2nd stimulus, which deserved far more examination and explanation to the average viewer.

Over on ABC, however, was a completely concocted love-fest for Joe Biden phonily titled: “The Vice-President and the People”. (The vice-president of the United States is, of course, named Mike Pence.) This program was designed to be a hypnotic, administered to soothe rabid, evangelical (not in the Christian sense, of course) Democrats, and to bore to death thinking, active minds into voter abstention and ceasing all resistance to the establishment.

Yet what the corporate media fails to realise is that back over on NBC Trump was absolutely compelling television, even though I hardly admire him and will not vote for him (full disclosure: I will vote for Gloria La Riva of Party for Socialism and Liberation): Trump had much in common with Iran’s view since 1979 – he resisted. He refused to submit to the unexpected grilling.

He didn’t give that classic 21st American faux-apology for anything, he gave plausible-sounding answers to the often absurd charges and nonsense, and he sweated as he worked all alone – how can a good chunk of the masses, who toil daily under similar (though more anonymous) conditions, thus not find him appealing? This is not exoneration, but mere journalistic explanation for those who still can’t figure out Trump’s appeal after all these years – he may not be one of the masses but he at least he is not one of them: an establishment politician.

Trump also displays the self-loving personal dynamism always required in capitalist-imperialist culture, but this energy is absent in the US: It is not the, “Isn’t it so very bully to be a White man” era of Teddy Roosevelt, nor the “Ours will be a thousand-year reich” of 1950s America (China is the one feeling like a thousand-year reich today, expect for the fact that imperialism is totally, totally absent from China’s millennia of history) – this is an America which has continually sapped its own strength and is now literally paying to go on tours in New York City which tread the footsteps of the pitiful, downtrodden, suicidal Joker character.

The average American had already given up the ghost in 2019: they knew there is no energy – no capacity, no wherewithal – to self-correct, and thus they respect only the chaotic element: Trump, Joker, the comedian’s analyses, etc.

Even Trump’s fundamentally-dynamic “Make America Great Again” has ossified into “Keep America Great” – i.e., preserve the status quo. Trumpism has failed because it purported to be (fascistically) revolutionary, but Trump has not made enough serious changes to the point which we can say that America is either or changed or even re-invigorated.

Of course, the average American did not want a fascist (i.e. pro-corporate) revolution to begin with, but: I am getting bored with the number of PressTV reports I have done on the obstacles presented to third-parties by the duopoly-entrenching US Constitution.

The leader class, the new cyber self-appointed leader class and the masses are not at all in remote balance or in synch with what the major problems are, and the idea of a post-election reconciliation is hysterically ungrounded and unrealistic.

Thus, the world should bet on American stagnation in the short- and medium-term futures. Defying the leader and self-appointed leader class appears like the only way to achieve short-term domestic progress for Americans.

There are alternatives to investigate, but it does take a non-hysterical energy to implement them solidly.


(The views expressed in this article do not necessarily reflect those of Press TV.)


Press TV’s website can also be accessed at the following alternate addresses:

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Western Lockdown to Shut Down China

Western Lockdown to Shut Down China

October 06, 2020

 by Leif Johnson for The Saker Blog

The present lockdown of the Western world and much of the Third World is an attack on China. Here is how it works:

  1. Slash Chinese export earnings. The Chinese economy is heavily export-oriented. Seventeen percent of all China’s enormous production is shipped to countries that now, either cannot afford imports, or whose buying power is reduced from months of massive unemployment. What remains of Chinese exports will fetch lower prices. This comes after China’s export market to its largest trading partner, the U.S., was slapped by 10 to 25% import duties, beginning 2018.
  2. Bankrupt the Chinese Belt and Road projects. The Chinese export of capital (Belt and Road) for railways, waterways, dams, ports, power stations and other infrastructure improvements in 138 nations in the world, is estimated at three trillion dollars. These projects are expected to be paid for by user fees. Because many Third World and other countries may be unable to repay those loans, China’s losses could be in the trillions.
  3. Attack Chinese commerce world-wide. To halt Chinese competition especially in electronics, companies such as Huawei and TikTok are banned in the U.S. and Britain, and the Chief Financial Officer of Huawei is jailed. Chinese scientists and students are deported, while American sanctions against Iran and Venezuela are designed to cut petroleum exports to China.

Of these, by far the greatest damage to the Chinese economy has been the lockdown; that damage will increase as world economies decline. This economic vacuum will put an extraordinary strain on the Chinese export industries and banking system.

There are two more major areas of attacks:

Military: The U S. has sent an enlarged fleet, including two aircraft carriers, into Chinese coastal waters. Australia is now building a base on a forward island confronting China, Japanese and Korean militaries have been beefed up and Japan may allow nuclear weapons on their territory. The U.S. has increased its military spending especially on advanced and nuclear weapons.

Chinese defense against such threats will be a military buildup costing an additional two or three hundred billion a year. This buildup entails a shift from peace-time capital and consumer goods to the military sector—a serious economic drain.

Propaganda: Hostile measures taken against China will be dressed up as the fight for “democracy,” “openness,” free trade,” “free enterprise,” “justice,” “rule of law,” “international rules,” “human rights,” “anti-terrorism,” “reform,” “anti-corruption” and “anti-communism.” We, especially North Americans, should expect human rights stories from Hong Kong and Xinjiang, yearly memorialization of the massacre at Tienanmen Square, documentaries on persecutions of Christians, Buddhists, the Dalai Lama and… don’t forget Tibet. And what about Chinese pollution that could destroy the planet? And what about the Chinese Communist Party, the most execrable, dangerous, evil organization in the world, towards which people of the West should direct an Orwellian hatred?

These attacks come at an inopportune time. China is embracing large scale automation requiring large capital outlays, while at the same time suffering natural disasters including the swine flu, widespread infestation of the dreaded Fall Army Worm, and devastating floods and droughts.

Is it possible that the Anglo-American financial elite had the power to convince nations worldwide to lock down? Well, they control the UN, WHO, the world organs of mass media, worldwide military deployment, world finance, and the Dollar Empire’s elaborate political, drug, crime, financial, propaganda and cultural networks. Euro-oligarchs collaborate (usually) with this system.

What do they hope to achieve?

We can put aside the easier answers like “world domination,” New World Order, corporate greed, financial control, 1984-style mind control, surveillance state. It is much more fundamental: The world Dollar Empire, and its predecessor British Empire, have ruled much of the world for 400 years. China has emerged as the most powerful challenger to that Empire. If China cannot be destroyed, the Dollar Empire will be vanquished.

Ranked from most desirable to least, here is what I believe the Western merchant-bankers hope to gain.

Most desirable: A regime change in China, whereby the government is overthrown in favor of a Dollar Empire vassal regime. A revolt of the Chinese people against a government that has lifted 800 million people out of poverty is very unlikely. However, military force is not out of the question. Foreign Affairs magazine, (September-October, 2020, p. 156) wrote: “By upgrading their already substantial capabilities in this domain [unmanned submersibles], the United States and its allies would highlight the possibility of a maritime blockade of China.”

Next best: To convince China to adopt financial and political measures amenable to Dollar Empire domination. In the words of former Goldman Sachs banker and Treasury Secretary Henry Paulson Jr., (Council on Foreign Relations newsletter, 5/19/20):

China must move to a “market-driven economy, improve corporate governance, and develop efficient, well-regulated financial markets that earn the respect of international investors, so that Beijing can eliminate capital controls and turn the RMB [renminbi] into a market-determined currency.”

In other words, de-regulation, lifting of capital and bank controls, opening the Chinese currency, the renminbi, to international speculation, “free trade,” “free markets” and IMF and WTO conditionalities, designed to open the huge Chinese economy to Dollar Empire looting—as occurred in Russia in 1992-1998. But the Chinese have found a recipe for national success (industrial capitalism), and that fire-belching dragon, the Chinese Communist Party, guards the gate against renewed imperialist looting.

Least: The Dollar System can achieve the third level of options: a combined economic (lockdown, sanctions, trade and financial war), military (NATO, Five Eyes, 7th fleet) and political (ethnic/jihadist subversion, drugs, propaganda) attack on the Chinese economy. That will retard China’s growth and reduce its world power.

***

Instead of strife, bloodshed and terrible destruction, why doesn’t the Western financial elite join with China in solving the world crises of poverty, refugees and war; why not together explore the frontiers of medicine, science and space? While China might be amenable to collaboration with the West, the oligarchs of the West are locked against it. After all, it is they who created the poverty, refugees and war, and it is they who have spent the post-WWII years dismantling industry, sending much of it to China.

China is a successful, developing economy; the West is an unsuccessful, deteriorating economy. China is based on industrial capitalism; the West is based on merchant-banking capitalism. China invests its capital in industrial plant and equipment and infrastructure; the West invests in financial instruments.

The Chinese seek increased industrial and agricultural production to satisfy people’s needs. The Dollar Empire steals the wealth of nations to create speculative profits. The Chinese system creates capital. The Western system destroys capital. The Chinese System never has financial crashes; the Western System suffers devastating crashes rescued by levies on the population. Chinese industrial capitalism raises the living standard of the population; the West’s financial capitalism lowers the living standard.

The destruction of capital is the hallmark of merchant-banker rule.

Consider the following example: The grain cartel buys products from farmers and sells at a profit. That profit is real capital (no matter how exploitative) because the profit was made on real merchandise being sold.

The cartel does not invest that real profit in agricultural production. It pours its profits into investment funds, banks, off-shore funds, which are largely invested in speculative paper—securitized paper, derivatives, indexes—all of which represents no real goods. It re-invests the paper profits and receives more paper profits. Thus the merchant-banker system sucks capital out of productive agricultural, industrial and commercial enterprise into non-productive financial channels. That is the destruction of capital. It is a misnomer to call this speculative system “capitalism.” It is a cancer. It uses the forms of capitalism, but it destroys capital, just as cancer uses the nutrients of the body but destroys the body.

This is a “system.” It takes capital from the economy (society as a whole), and destroys it by investing in paper (nothing). This is how it thrives. All governments, laws, academia, social mores, mass media, culture and, of course, economics and finance are shaped by this system. It cannot change. It cannot create new productive enterprises. It cannot compete with China, only impede China’s growth.

***

This is “end game” for the governing oligarchy. This is their Götterdämmerung, their Armageddon. In the death throes of their 400-year-long reign, they will impose a desperate economic, financial and social reorganization which the World Economic Forum calls the “Great Reset.”

One of the world’s most prominent merchant-banker organizations, the World Economic Forum, issued a report, titled:

“This is Now the World’s Greatest Threat—And It’s Not Coronavirus”

  • “Affluence is the biggest threat to our world according to a new scientific report.
  • “True sustainability will only be achieved through drastic lifestyle changes.
  • “The World Economic Forum has called for a ‘great reset’ of capitalism in the wake of the pandemic.

“A detailed analysis of environmental research has revealed the greatest threat to the world: affluence… we have to change our affluent lifestyles and reduce overconsumption in combination with structural change.” (Mind you, this is written by the world’s most wealthy individuals.)

With lockdown-caused destitution, unemployment, lack of food and shelter for hundreds of millions of people worldwide, one would expect that the WEF would be satisfied that “overconsumption” had been sufficiently curbed. However, they know there is still substantial wealth in the American and European middle classes that can be tapped for the post-lockdown economy. They have big plans to get rid of that “overconsumption.”

The first task is to reduce unemployment, now probably 25 million long-term jobless in the U.S. Make-work projects will be “green” and “sustainable” (low technology). This will be paid for by taxing the middle class.

The second task, their true and ultimate agenda, is to create an all-out war economy—the final attempt to terrify the East into submission. This will bring extreme austerity and repression.

The “structural change” mentioned in the World Economic Forum report was made explicit by UN Secretary General Antonio Guterres in his “International Mother Earth Day” message:

“First, the huge amounts of money to be spent on recovery from the coronavirus must deliver new jobs and businesses through a clean, green transition.

“Second, where taxpayers’ money is used to rescue business, it must tied to achieving green jobs and sustainable growth.

“Third, fiscal firepower must drive a shift from the grey to the green economy, empowering societies and people to be more resilient.

“Fourth, public funds should be used to invest in the future, not the past, and flow to sustainable sectors and projects that help the environment and the climate…

“Fifth, climate risks and opportunities must be incorporated into the financial system as well as all aspects of public policy making and infrastructure.”

The World Economic Forum chieftains could not be more pleased. Changeover to “green” sustainability would bring a great reduction in “affluence” by heavily raising the price of energy making everything, from agriculture to industry to transportation, grossly more expensive. Furthermore, to pay the “huge amounts of money to be spent on recovery,” will require heavy tax burdens, or social services spending cuts. The Western populations will not be told their sacrifices are made to thwart China and collapse world industry, but rather, made to “save the planet.” The theory of the Green Revolution is that the West will continue to dismantle its industry to meet climate deadlines while China will be forced, by world public opinion, to follow suit.

The “Green Revolution” will soon dissolve into a total war policy. Sacrifices imposed by the “final solution” military buildup against the East (Russia-China bloc) will strip the remaining wealth of the people. Taxes, inflation, interest rates, will rise as the nation is deprived of health care, education, public services, pensions and Social Security. The “global warming” foe will turn into the Yellow Peril foe.

Totalitarian destruction of our freedoms will be as dread as those of Hitler Germany. Free speech will be considered a security risk, neighbors will spy on neighbors, thousands will disappear or be assassinated. Race riots will be used to “divide and conquer.” Electronic spying will be ubiquitous, as will be preventive detention. All the police state measures used against foreign populations by the military, State Department, intelligence agencies and hired mercenaries and drug mafias, will be turned against Americans.

***

America does not deserve this. America was the first nation to overthrow the shackles of the merchant-banker British Empire. America was the first nation to lay the basis for an industrial republic. America became the most free, equal and magnanimous nation in the world which triggered a century-long battle between the industrial American System and the merchant-banking British System. The American System built a great nation.

Henry C. Carey (1793-1879), chief economic advisor to US President Abraham Lincoln and author of The Harmony of Interests (1851), America’s long-forgotten anti-imperialist manifesto.

Apostles of the American System included Alexander Hamilton, Mathew Carey, John Quincy Adams, Henry Clay, Nicholas Biddle, Henry Carey, and Abraham Lincoln. The American System was succinctly described by Abraham Lincoln in an election palm card: “My program, like an old lady’s dance, is short and sweet: I am for a protective tariff, a national bank and internal improvements.”

In 1851, Henry Carey (The Harmony of Interests, p. 217) summarized America’s role in the world as follows:

“Two Systems are before the world; the one looks to increasing the proportion of persons and of capital engaged in trade and transportation, and therefore to diminish the proportion engaged in producing commodities with which to trade, with necessarily diminished return to the labour of all; while the other looks to increasing the proportion engaged in the work of production… with increased return to all, giving to the labourer good wages, and to the owner of capital good profits…

“One looks to pauperism, ignorance, depopulation, and barbarism; the other to increasing wealth, comfort, intelligence, combination of action, and civilization. One looks towards universal war; the other towards universal peace.

“One is the English System; the other we may be proud to call the American System, for it is the only one ever devised, the tendency of which was that of ELEVATING while EQUALIZING the condition of man throughout the world.

“Such is the true MISSION of the people of these United States…”

Let American history be our guide as we restore that mission.

From 9/11 to the Great Reset

From 9/11 to the Great Reset

September 11, 2020

by Pepe Escobar with permission from the author and first posted at Asia Times

9/11 was the foundation stone of the new millennium – ever as much indecipherable as the Mysteries of Eleusis. A year ago, on Asia Times, once again I raised a number of questions that still find no answer.

A lightning speed breakdown of the slings and arrows of outrageous (mis)fortune trespassing these two decades will certainly include the following. The end of history. The short unipolar moment. The Pentagon’s Long War. Homeland Security. The Patriot Act. Shock and Awe. The tragedy/debacle in Iraq. The 2008 financial crisis. The Arab Spring. Color revolutions. “Leading from behind”. Humanitarian imperialism. Syria as the ultimate proxy war. The ISIS/Daesh farce. The JCPOA. Maidan. The Age of Psyops. The Age of the Algorithm. The Age of the 0.0001%.

Once again, we’re deep in Yeats territory: “the best lack all conviction/ while the worst are full of passionate intensity.”

All along, the “War on Terror” – the actual decantation of the Long War – proceeded unabated, killing Muslim multitudes and displacing at least 37 million people.

WWII-derived geopolitics is over. Cold War 2.0 is in effect. It started as US against Russia, morphed into US against China and now, fully spelled out in the US National Security Strategy, and with bipartisan support, it’s the US against both. The ultimate Mackinder-Brzezinski nightmare is at hand: the much dread “peer competitor” in Eurasia slouched towards the Beltway to be born in the form of the Russia-China strategic partnership.

Something’s gotta give. And then, out of the blue, it did.

A drive by design towards ironclad concentration of power and geoconomic diktats was first conceptualized – under the deceptive cover of “sustainable development” – already in 2015 at the UN (here it is, in detail).

Now, this new operating system – or technocratic digital dystopia – is finally being codified, packaged and “sold” since mid summer via a lavish, concerted propaganda campaign.

Watch your mindspace

The whole Planet Lockdown hysteria that elevated Covid-19 to post-modern Black Plague proportions has been consistently debunked, for instance here and here, drawing from the highly respected, original Cambridge source.

The de facto controlled demolition of large swathes of the global economy allowed corporate and vulture capitalism, world wide, to rake untold profits out of the destruction of collapsed businesses.

And all that proceeded with widespread public acceptance – an astonishing process of voluntary servitude.

None of it is accidental. As an example, over then years ago, even before setting up a – privatized – Behavioral Insights Team, the British government was very much interested in “influencing” behavior, in collaboration with the London School of Economics and Imperial College.

The end result was the MINDSPACE report. That was all about behavioral science influencing policymaking and most of all, imposing neo-Orwellian population control.

MINDSPACE, crucially, featured close collaboration between Imperial College and the Santa Monica-based RAND corporation. Translation:

the authors of the absurdly flawed computer models that fed the Planet Lockdown paranoia working in conjunction with the top Pentagon-linked think tank.

In MINDSPACE, we find that, “behavioral approaches embody a line of thinking that moves from the idea of an autonomous individual, making rational decisions, to a ‘situated’ decision-maker, much of whose behavior is automatic and influenced by their ‘choice environment’”.

So the key question is who decides what is the “choice environment’. As it stands, our whole environment is conditioned by Covid-19. Let’s call it “the disease”. And that is more than enough to beautifully set up “the cure”: The Great Reset.

The beating heart

The Great Reset was officially launched in early June by the World Economic Forum (WEF) – the natural habitat of Davos Man. Its conceptual base is something the WEF describes as Strategic Intelligence Platform: “a dynamic system of contextual intelligence that enables users to trace relationships and interdependencies between issues, supporting more informed decision-making”.

It’s this platform that promotes the complex crossover and interpenetration of Covid-19 and the Fourth Industrial Revolution – conceptualized back in December 2015 and the WEF’s choice futuristic scenario. One cannot exist without the other. That is meant to imprint in the collective unconscious – at least in the West – that only the WEF-sanctioned “stakeholder” approach is capable of solving the Covid-19 challenge.

The Great Reset is immensely ambitiousspanning over 50 fields of knowledge and practice. It interconnects everything from economy recovery recommendations to “sustainable business models”, from restoration of the environment to the redesign of social contracts.

The beating heart of this matrix is – what else – the Strategic Intelligence Platform, encompassing, literally, everything: “sustainable development”, “global governance”, capital markets, climate change, biodiversity, human rights, gender parity, LGBTI, systemic racism, international trade and investment, the – wobbly – future of the travel and tourism industries, food, air pollution, digital identity, blockchain, 5G, robotics, artificial intelligence (AI).

In the end, only an all-in-one Plan A applies for making these systems interact seamlessly: the Great Reset – shorthand for a New World Order that has always been glowingly evoked, but never implemented. There is no Plan B.

The Covid-19 “legacy”

The two main actors behind the Great Reset are Klaus Schwab, the WEF’s founder and executive chairman, and IMF Managing Director Kristalina Georgieva. Georgieva is adamant that “the digital economy is the big winner of this crisis”. She believes the Great Reset must imperatively start in 2021.

The House of Windsor and the UN are prime executive co-producers. Top sponsors include BP, Mastercard and Microsoft. It goes without saying that everyone who knows how complex geopolitical and geoeconomic decisions are taken is aware that these two main actors are just reciting a script. Call the authors “the globalist elite”. Or, in praise of Tom Wolfe, the Masters of the Universe.

Schwab, predictably, wrote the Great Reset’s mini-manifesto. Over a month later, he expanded on the absolutely key connection: the “legacy” of Covid-19.

All this has been fully fleshed in a book, co-written with Thierry Malleret, who directs the WEF’s Global Risk Network. Covid-19 is described as having “created a great disruptive reset of our global, social, economic and political systems”. Schwab spins Covid-19 not only as a fabulous “opportunity”, but actually as the creator (italics mine) of the – now inevitable – Reset.

All that happens to dovetail beautifully with Schwab’s own baby: Covid-19 “accelerated our transition into the age of the Fourth Industrial Revolution”. The revolution has been extensively discussed at Davos since 2016.

The book’s central thesis is that our most pressing challenges concern the environment – considered only in terms of climate change – and technological developments, which will allow the expansion of the Fourth Industrial Revolution.

In a nutshell, the WEF is stating that corporate globalization, the hegemonic modus operandi since the 1990s, is dead. Now it’s time for “sustainable development” – with “sustainable” defined by a select group of “stakeholders”, ideally integrated into a “community of common interest, purpose and action.”

Sharp Global South observers will not fail to compare the WEF’s rhetoric of “community of common interest” with the Chinese “community of shared interests” as applied to the Belt and Road Initiative (BRI), which is a de facto continental trade/development project.

The Great Reset presupposes that all stakeholders – as in the whole planet – must toe the line. Otherwise, as Schwab stresses, we will have “more polarization, nationalism, racism, increased social unrest and conflicts”.

So this is – once again – a “you’re with us or against us” ultimatum, eerily reminiscent of our old 9/11 world. Either the Great Reset is peacefully established, with whole nations dutifully obeying the new guidelines designed by a bunch of self-appointed neo-Platonic Republic sages, or it’s chaos.

Whether Covid-19’s ultimate “window of opportunity” presented itself as a mere coincidence or by design, will always remain a very juicy question.

Digital Neo-Feudalism

The actual, face-to-face Davos meeting next year has been postponed to the summer of 2021. But virtual Davos will proceed in January, focused on the Great Reset.

Already three months ago, Schwab’s book hinted that the more everyone is mired in the global paralysis, the more it’s clear that things will never be allowed (italics mine) to return to what we considered normal.

Five years ago, the UN’s Agenda 2030 – the Godfather of the Great Reset – was already insisting on vaccines for all, under the patronage of the WHO and CEPI – co-founded in 2016 by India, Norway and the Bill and Belinda Gates foundation.

Timing could not be more convenient for the notorious Event 201 “pandemic exercise” in October last year in New York, with the Johns Hopkins Center for Health Security partnering with – who else – the WEF and the Bill and Melinda Gates Foundation. No in-depth criticism of Gates’s motives is allowed by media gatekeepers because, after all, he finances them.

What has been imposed as an ironclad consensus is that without a Covid-19 vaccine there’s no possibility of anything resembling normality.

And yet a recent, astonishing paper published in Virology Journal – which also publishes Dr. Fauci’s musings – unmistakably demonstrates that “chloroquine is a potent inhibitor of SARS coronavirus infection and spread”. This is a “relatively safe, effective and cheap drug” whose “significant inhibitory antiviral effect when the susceptible cells were treated either prior to or after infection suggests a possible prophylactic and therapeutic use.”

Even Schwab’s book admits that Covid-19 is “one of the least deadly pandemics in the last 2000 years” and its consequences “will be mild compared to previous pandemics”.

It doesn’t matter. What matters above all is the “window of opportunity” offered by Covid-19, boosting, among other issues, the expansion of what I previously described as Digital Neo-Feudalism – or Algorithm gobbling up Politics. No wonder politico-economic institutions from the WTO to the EU as well as the Trilateral Commission are already investing in “rejuvenation” processes, code for even more concentration of power.

Survey the imponderables

Very few thinkers, such as German philosopher Hartmut Rosa, see our current plight as a rare opportunity to “decelerate” life under turbo-capitalism.

As it stands, the point is not that we’re facing an “attack of the civilization-state” . The point is assertive civilization-states – such as China, Russia, Iran – not submitted to the Hegemon, are bent on charting a quite different course.

The Great Reset, for all its universalist ambitions, remains an insular, Western-centric model benefitting the proverbial 1%. Ancient Greece did not see itself as “Western”. The Great Reset is essentially an Enlightenment-derived project.

Surveying the road ahead, it will certainly be crammed with imponderables. From the Fed wiring digital money directly into smartphone financial apps in the US to China advancing an Eurasia-wide trade/economic system side-by side with the implementation of the digital yuan.

The Global South will be paying a lot of attention to the sharp contrast between the proposed wholesale deconstruction of the industrial economic order and the BRI project – which focuses on a new financing system outside of Western monopoly and emphasizes agro-industrial growth and long-term sustainable development.

The Great Reset would point to losers, in terms of nations, aggregating all the ones that benefit from production and processing of energy and agriculture, from Russia, China and Canada to Brazil, Indonesia and large swathes of Africa.

As it stands, there’s only one thing we do know: the establishment at the core of the Hegemon and the drooling orcs of Empire will only adopt a Great Reset if that helps to postpone a decline accelerated on a fateful morning 19 years ago.

Global Capitalism, “World Government” and the Corona Crisis

When the Lie Becomes the Truth There is No Moving Backwards

By Prof Michel Chossudovsky

Global Research, August 27, 2020

Global Research 1 May 2020

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex.

The potential for the disastrous rise of misplaced power exists, and will persist. (President Dwight D. Eisenhower, January 17, 1961)

***

The World is being misled concerning the causes and consequences of the corona crisis.

The COVID-19 crisis is marked by a public health “emergency” under WHO auspices which is being used as a pretext and a  justification to triggering a Worldwide process of economic, social and political restructuring. 

Social engineering is being applied. Governments are pressured into extending the lockdown, despite its devastating economic and social consequences.

What is happening is unprecedented in World history. 

Prominent scientists support the lockdown without batting an eyelid, as a “solution” to a global health emergency.

Amply documented, the estimates of the COVID-19 infection including mortality data are grossly manipulated. 

In turn, people are obeying their governments. Why? Because they are afraid? 

Causes versus solutions?

The closing down of national economies applied Worldwide will inevitably result in poverty, mass unemployment and an increase in mortality.

It’s an act of economic warfare.  It’s an unspoken crime against humanity.

Stage One: Trade War against China

On January  30, 2020 the WHO Director General determined that the coronavirus outbreak constitutes a Public Health Emergency of International Concern (PHEIC). The decision was taken on the basis of 150 confirmed cases outside China, First cases of person to person transmission: 6 cases in the US, 3 cases in Canada, 2 in the UK.

The WHO Director General had the backing of the Bill and Melinda Gates Foundation, Big Pharma and the World Economic Forum (WEF). The decision for the WHO to declare a Global Emergency was taken on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland  (January 21-24).

One day later (January 31) following the launch of the WHO Global Emergency, The Trump administration announced that it will deny entry to foreign nationals “who have traveled in China in the last 14 days”. This immediately triggered a crisis in air transportation, China-US trade as well as the tourism industry. Italy followed suit, cancelling all flights to China on January 31.

The first stage was accompanied by the disruption of trade relations with China as well as a partial closedown of export manufacturing sector.

A campaign was immediately launched against China as well ethnic Chinese. The Economist reported that

“The coronavirus spreads racism against and among ethnic Chinese”

“Britain’s Chinese community faces racism over coronavirus outbreak”

According to the SCMP:

“Chinese communities overseas are increasingly facing racist abuse and discrimination amid the coronavirus outbreak. Some ethnic Chinese people living in the UK say they experienced growing hostility because of the deadly virus that originated in China.”

And this phenomenon is happening all over the U.S.

Stage Two: The Financial Crash Spearheaded by Fear and Stock Market Manipulation

A global financial crisis unfolded in the course of the month of February culminating in a dramatic collapse of stock market values as well as a major decline in the value of crude oil.

This collapse was manipulated. It was the object of insider trading and foreknowledge. The fear campaign played a key role in the implementation of the stock market crash. In February, roughly $6 trillion have been wiped off the value of stock markets Worldwide. Massive losses of personal savings (e.g. of average Americans) have occurred not to mention corporate failures and bankruptcies. It was a bonanza for institutional speculators including corporate hedge funds. The financial meltdown has led to sizeable transfers of money wealth into the pockets of a handful of financial institutions.

Stage Three: Lockdown, Confinement, Closing Down of  the Global Economy

The financial crash in February was immediately followed by the lockdown in early March. The lockdown and confinement supported by social engineering was instrumental in the restructuring of the global economy. Applied almost simultaneously in a large number countries, the lockdown has triggered the closing down of the national economy, coupled with the destabilization of trade, transport and investment activities.

The pandemic constitutes an act of economic warfare against humanity which has resulted in global poverty and mass unemployment.

Politicians are lying. Neither the lockdown nor the closing down of national economies constitute a solution to the public health crisis.

Who Controls the Politicians?

Why are politicians lying?

They are the political instruments of the financial establishment including the “Ultra-rich philanthropists”. Their task is to carry out the global economic restructuring project which consists in freezing economic activity Worldwide.

In the case of the Democrats in the US, they are largely concerned in opposing the reopening of the US economy as part of the 2020 election campaign. This opposition to reopening the national and global economies is supported by “Big Money”.

Is it opportunism or stupidity? In all major regions of the World, politicians have been instructed by powerful financial interests to retain the lockdown and prevent the re-opening of the national economy.

The fear campaign prevails. Social distancing is enforced. The economy is closed down.  Totalitarian measures are being imposed. According to Dr. Pascal Sacré

… in some countries, patients can leave hospital by agreeing to wear an electronic bracelet. This is only a sample of all the totalitarian measures planned or even already decided by our governments in favor of the coronavirus crisis. It goes much further, it’s limitless and it affects a good part of the world, if not the whole world.
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The “Herding Instincts” of Politicians

Are corrupt governments acting like “police dogs” with “herding instincts” going after their sheep.

Is “the herd” too scared to go after their “government”?

The analogy may be simplistic but nonetheless considered relevant by psychologists.

“Some breeds of dogs [corrupt politicians] have herding instincts that can be brought out with the right training and encouragement [bribes]. …. teach your dog [political proxy] basic obedience and see if it [he, she] displays herding tendencies. … Always look for a trainer who uses reward-based training methods [bribes, personal gain, political support, accession to high office]” (How to Teach Your Dog to Herd)

But there is another dimension. Politicians in high office responsible for “convincing their herd” actually believe the lies which are being imposed upon them by higher authority.

The lie becomes the truth. Politicians endorse the consensus, they enforce “social engineering”, they believe in their own lies.

It’s Not an Epidemic, It’s An Operation

US Secretary of State Mike Pompeo  (slip of the tongue) tacitly admits in a somewhat contradictory statement that the COVID-19 is a “Live Exercise”, an “Operation”:

“This is not about retribution,… This matter is going forward — we are in a live exercise here to get this right.”

To which president Trump retorted “you should have told us”.

Those words will go down in history.

Geopolitics

Let us be under no illusions, this is a carefully planned operation. There is nothing spontaneous or accidental. Economic recession is engineered at national and global levels. In turn, this crisis is also integrated into US-NATO military and intelligence planning. It is intent not only upon weakening China, Russia and Iran, it also consists in destabilizing the economic fabric of the European Union (EU).

“Global Governance”

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A new stage in the evolution of global capitalism is unfolding. A system of  “Global Governance” controlled by powerful financial interests including corporate foundations and Washington think tanks oversees decision-making at both the national and global levels. National governments become subordinate to “Global Governance”. The concept of World Government was raised by the late David Rockefeller at the Bilderberger Meeting, Baden Germany, June 1991: “We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years. … It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.” (quoted by Aspen Times, August 15, 2011, emphasis added) .In his Memoirs David Rockefeller states: .“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure, one world if you will. If that is the charge, I stand guilty, and I am proud of it.” (Ibid) .The Global Governance scenario imposes a totalitarian agenda of social engineering and economic compliance. It constitutes an extension of the neoliberal policy framework imposed on both developing and developed countries. It consists in scrapping “national autodetermination” and constructing a Worldwide nexus of pro-US proxy regimes controlled by a “supranational sovereignty” (World Government) composed of leading financial institutions, billionaires and their philanthropic foundations. .

The 2010 Rockefeller Foundation’s  “Scenarios for the Future of Technology and International Development Area” produced together with Global Business Monitoring Network, GBN) had already outlined the features of  Global Governance and the actions to be taken in relation to a Worldwide Pandemic.  The Rockefeller Foundation proposes the use of scenario planning as a means to carry out “global governance”.

The Report envisages (p 18) a simulation of a Lock Step scenario including a global virulent influenza strain:

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“LOCK STEP: A world of tighter top-down government control and more authoritarian leadership, with limited innovation and growing citizen pushback In 2012, the pandemic that the world had been anticipating for years finally hit. Unlike 2009’s H1N1, this new influenza strain—originating from wild geese—was extremely virulent and deadly. Even the most pandemic-prepared nations were quickly overwhelmed when the virus streaked around the world, infecting nearly 20 percent of the global population and killing. 8 million in just seven months”

It is worth noting that this simulation was envisaged in the year following the 2009 H1N1 Swine flu Pandemic, which was revealed to be a totally corrupt endeavor under the auspices of the WHO in liaison the Big Pharma which developed a multibillion dollar vaccine program. (Remember the “Fake” 2009 H1N1 Swine Flu Pandemic: Manipulating the Data to Justify a Worldwide Public Health Emergency By Prof Michel Chossudovsky, May 02, 2020) 

“World Government”

Instructions are transmitted to national governments worldwide.  The fear campaign plays a crucial role in building acceptance and social submission to this “supranational sovereignty of an intellectual elite and bankers”.

Global governance establishes a consensus which is then imposed on “sovereign” national governments Worldwide, described by David Rockefeller as “national auto-determination practiced in past centuries”.  Essentially, this is an extended form of “regime change”.

Thousands of politicians and officials must be convinced and/or bribed for this operation to succeed. It’s an unsubtle form of “political arm twisting” (while respecting “social distancing”).

The decision to close down the global economy with a view to “saving lives” has not only been accepted as a means to combating the virus, it has been sustained by media disinformation and the fear campaign.

People do not question the consensus, a consensus which borders on the absurd.

.

Global Capitalism and “The Economic Landscape”

The crisis redefines the structure of the global economic landscape. It destabilizes small and medium sized enterprises Worldwide, it  precipitates entire sectors of the global economy including air travel, tourism, retail trade, manufacturing, etc. into bankruptcy.  The lockdown creates famine in developing countries. It has geopolitical implications.

The Pentagon and US intelligence are involved. The corona crisis affects to conduct of US-NATO led wars in the Middle East including Syria, Iraq and Afghanistan and Yemen. It is also used to target specific countries including Iran and Venezuela.

This engineered crisis is unprecedented in world history. It is an act of war.

The lockdown triggers a process of disengagement of human and material resources from the productive process. The real economy is brought to a standstill. Curtailing economic activity undermines the “reproduction of real life”. This not only pertains to the actual production of the “necessities of life” (food, health, education, housing) it also pertains to the “reproduction” of  social relations, political institutions, culture, national identity. At the time of writing, the lockdown is not only triggering an economic crisis, it is also undermining and destroying the very fabric of civil society not to mention the nature of government and the institutions of the state (crippled by mounting debts), which will eventually be privatized under the supervision of Big Money creditors.

There are conflicts within the capitalist system which are rarely addressed by the mainstream media. Billionaires, powerful banking and financial institutions (which are creditors of both governments and corporations) are waging an undeclared war against the real economy. Whereas the Big Money financial and banking establishment are “creditors”, the  corporate entities of the real economy which are being destabilized and driven into bankruptcy are “debtors”.

Bankruptcies

This diabolical process is not limited to wiping out small and medium sized enterprises. Big Money is also the creditor of  large corporations (including airlines, hotel chains, hi tech labs, retailers, import-export firms, etc.) which are now on the verge of bankruptcy.

The global financial establishment is not monolithic. It is marked by divisions and rivalry. The dominant Big Money faction seeks to destabilize its competitors from within. The results of which would be a string of  bankruptcies of regional and national banking institutions as well as a process of global financial consolidation.

In the US, numerous retailers, airlines, restaurant and hotel chains filed for Chapter 11 bankruptcy in February. But this is just the beginning. The big gush of bankruptcies will occur in the wake of the lockdown (“The New Normal”). And at the time of writing, the financial establishment is relentlessly pressuring (corrupt) national governments to postpone the lifting of the lockdown. And the governments are telling us that this is to “protect people against the virus”.

Canada’s province of Alberta which is largely dependent on oil revenues is bankrupt.

“Countries that represent over 50 per cent of the world’s global GDP are closed for business. Economists looking for historical comparisons mention the 1929 stock crash, the 1974 economic crisis or the 2008 recession. But they admit that these all fall short of the toll that this pandemic could have.” (Wired News UK, April 29, 2020

In Britain, recent reports state (It’s very British”) “we do not know how many have gone bankrupt”.

A chunk of Britain’s business landscape may have already been permanently erased, as some 21,000 more UK businesses collapsed in March alone than the same month a year ago, according to data gathered by the Enterprise Research Centre, a group of university researchers.

What these reports fail to mention are the unspoken causes: a fear campaign on behalf of the creditors, instructions by corrupt governments to close down the economy, allegedly to “save lives”, which is a big lie. Lives are not being saved, and they know it.

The coronavirus crisis “has ground U.S. business to a halt”. National economies are destabilized. The objective of Big Money is to weaken their competitors, “pick up the pieces” and eventually buy out or eliminate bankrupt corporations. And there are many to choose from.

Global Finance Capitalism

The interests of Big Money (global financial interests) overlap with those of Big Pharma, Big Oil, The Media, The Telecoms, the Defense contractors, etc. Major banking institutions in the US including JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, State Street Co. and Goldman Sachs, are investing in the war economy including the development of nuclear weapons under Trump’s 1.2 trillion dollar nuclear weapons program (first established under Obama). 

The ultimate objective of “Big Money” is to transform nation states (with their own institutions and a national economy) into “open economic territories”. That was the fate of Iraq and Afghanistan. But now you can do it without sending in troops, by simply ordering subservient proxy governments integrated by corrupt politicians to close down their economy on humanitarian grounds, the so-called “Responsibility to Protect” (R2P) without the need for military intervention.

Impossible to estimate or evaluate. More than half the global economy is disrupted or at a standstill.

Let’s be clear. This is an imperial agenda. What do the global financial elites want? To privatize the State? To own and privatize the entire planet?

The tendency is towards the centralization and concentration of economic power. Heavily indebted national governments are instruments of Big Money. They are proxies. Key political appointments are controlled by lobby groups representing Wall Street, The Military Industrial Complex, Big Pharma, Big Oil, the Corporate Media and the Digital Communications Giants, etc.

Big Money in Europe and America (through Washington Lobby groups) seek to control national governments.

In what direction are we going? What is the future of humanity? The current corona crisis is a sophisticated imperial project, which consists in Worldwide domination by a handful of multibillion dollar conglomerates. Is this World War III? Global capitalism is destroying national capitalism.

The unspoken intent of global capitalism is the destruction of the nation state and its institutions leading to global poverty on an unprecedented scale.

The following citation by Lenin dated December 1915 at the height of the First World War pointed with foresight to some of the contradictions which we are presently facing. On the other hand, we should understand that there are no easy solutions and that this crisis is intended to reinforce imperialism and the clutch of global capitalism:
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“There is no doubt that the development is going in the direction of a single World trust which will swallow up all enterprises and all states without exception. But the development in this direction is proceeding under such stress, with such a tempo, with such contradictions, conflicts and convulsions not only economical, but political national, etc. etc — that before a single world trust will be reached, before the respective financial national capitals will have formed a “World Union” of ultra imperialism, imperialism will explode and capitalism will turn into its opposite.

(V. I. Lenin, Introduction to Imperialism and World Economy by N, Bukharin, Martin Lawrence, London, printed in the US, Russian Edition, November 1917)

How to reverse the tide. The first priority is to repeal the lie.

In this regard, it is unfortunate that many people who are “progressive” (including prominent Left intellectuals) are –despite the lies–  supportive of the lockdown and closing down of the economy as a solution to the public health emergency. That’s the stance of the Democratic Party in the US, which goes against common sense.

Truth is a powerful weapon for repealing the lies of the corporate media and the governments.

When the Lie Becomes the Truth There is No Moving Backwards

Without the fear campaign and media propaganda, the actions taken by our governments would not have a leg to stand on.

“Social Distancing” does not prevent the financial elites from providing instructions to corrupt politicians.

On the other hand, “social distancing” combined with confinement is being used as a means of social subordination. It prevents people from meeting as well as protesting this so-called New World Order.

Organization, Truth and Solidarity are essential to reversing the tide. The first step of a worldwide movement is “counter-propaganda”.


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By Prof Michel Chossudovsky, April 25, 2020The original source of this article is Global ResearchCopyright © Prof Michel Chossudovsky, Global Research, 2020

Lockdowns, Coronavirus, and Banks: Following the Money

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By Prof. Anthony Hall

Source

FED in the Trojan Horse 7e820

It usually makes sense to follow the money when seeking understanding of almost any major change. The strategy of following the money in our current convergence of crises in late summer of 2020 leads us directly to the lockdowns. The lockdowns were first imposed on people in the Wuhan area of China. Then other populations throughout the world were told to “shelter in place,” all in the name of combating the COVID-19 virus.

Understanding of the enormous impact of the lockdowns is still developing. The lockdowns are proving to pack a far more devastating punch than any other aspect of the strange sequence of events that is making 2020 a year like no other. Even when the issues are narrowed to those of human health, the lockdowns have had, and will continue to have, far more wide-ranging and devastating impacts than the celebrity virus.

The lockdowns have, for starters, been directly responsible for explosive rates of suicide, domestic violence, overdoses, and depression. In the long run, these maladies from the lockdowns will probably kill and harm many more people than COVID-19.

But this comparison does not tell the full story. The nature and length of the lockdowns are causing millions of people to lose their jobs, businesses and financial viability. It seems that the economic descent is still gathering force. The assault of the lockdowns on our economic wellbeing still has much farther to go.

The lockdowns have proven to be a powerful instrument of social control. This attribute is becoming very attractive especially to some politicians. They have discovered they can derive considerable political traction from hyping and exploiting the largely manufactured pandemic panic.

The lockdowns are still a work-in-progress. There are past lockdowns, revolving lockdowns, partial lockdowns, mandatory lockdowns, voluntary lockdowns, severe lockdowns and probably an array of many lockdown types yet to be invented.

The lockdowns extend to disruptions in supply chains, disruptions in money flows, drops in consumption, breakdowns in transport and travelling, increased bankruptcies, losses of finance leading to losses of housing, as well as the inability to pay taxes and debts.

The lockdowns extend beyond personal habitations to prohibitions on large assemblies of people in stadiums, concert halls, churches, and a myriad of places devoted to public recreation and entertainment. On the basis of this way of looking at what is happening, it becomes clear the economic and health effects of the lockdowns are far more pronounced than the damage wrought directly by the new coronavirus.

This approach to following the money leads to the question of whether the spread of COVID-19 was set in motion as a pretext. Was COVID-19 unleashed as an expedient for bringing about the lockdowns with the goal of crashing the existing economy? What rationale could there possibly be for purposely crashing the existing economy?

One possible reason might have been to put in place new structures to create the framework for a new set of economic relationships. With these changes would come accompanying sets of altered social and political relationships.

Among the economic changes being sought are the robotization of almost everything, cashless financial interactions, and elaborate AI impositions. These AI impositions extend to digital alterations of human consciousness and behavior. The emphasis being placed on vaccines is very much interwoven with plans to extend AI into an altered matrix of human nanobiotechnology.

There are other possibilities to consider. One is that in the autumn of 2019 the economy was already starting to falter. Fortuitously for some, the new virus came along at a moment when it could be exploited as a scapegoat. By placing responsibility for the economic debacle on pathogens rather than people, Wall Street bankers and federal authorities are let off the hook. They can escape any accounting for an economic calamity that they had a hand in helping to instigate.

A presentation in August of 2019 by the Wall Street leviathan, BlackRock Financial Management, provides a telling indicator of foreknowledge. It was well understood by many insiders in 2019 that a sharp economic downturn was imminent.

At a meeting of central bankers in Jackson Hole Wyoming, BlackRock representatives delivered a strategy for dealing with the future downturn. Several months later during the spring of 2020 this strategy was adopted by both the US Treasury and the US Federal Reserve. BlackRock’s plan from August of 2019 set the basis of the federal response to the much-anticipated economic meltdown.

Much of this essay is devoted to considering the background of the controversial agencies now responding to the economic devastation created by the lockdowns. One of these agencies is empowered to bring into existence large quantities of debt-laden money.

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The very public role in 2020 of the Federal Reserve of the United States resuscitates many old grievances. When the Federal Reserve was first created in 1913 it was heavily criticized as a giveaway of federal authority.

The critics lamented the giveaway to private bankers whose firms acquired ownership of all twelve of the regional banks that together constitute the Federal Reserve. Of these twelve regional banks, the Federal Reserve Bank of New York is by far the largest and most dominant especially right now.

The Federal Reserve of the United States combined forces with dozens of other privately-owned central banks thoughout the world to form the Bank of International Settlements. Many of the key archetypes for this type of banking were developed in Europe and the City of London where the Rothschild banking family had a large and resilient role, one that persists until this day.

Along with the Federal Reserve Bank of New York, BlackRock was deeply involved in helping to administer the bailout in 2008. This bailout resuscitated many failing Wall Street firms together with their counterparties in a number of speculative ventures involving various forms of derivatives.

The bailouts resulted in payments of $29 trillion, much of it going to restore failing financial institutions whose excesses actually caused the giant economic crash. Where the financial sector profited greatly from the bailouts, taxpayers were abused yet again. The burden of an expanded national debt fell ultimately on taxpayers who must pay the interest on the loans for the federal bailout of the “too big to fail” financial institutions.

Unsettling precedents are set by the Wall Street club’s manipulation of the economic crash of 2007-2010 to enrich its own members so extravagantly. This prior experience bodes poorly for the intervention by the same players in this current round of responses to the economic crisis of 2020.

In preparing this essay I have enjoyed the many articles by Pam Martens and Russ Martens in Wall Street on Parade. These hundreds of well-researched articles form a significant primary source on the recent history of the Federal Reserve, including over the last few months.

In this essay I draw a contrast between the privately-owned regional banks of the Federal Reserve and the government-owned Bank of Canada that once issued low-interest loans to build infrastructure projects.

With this arrangement in place, Canada went through a major period of national growth between 1938 and 1974. Canada emerged from this period with a national debt of only $20 billion. Then in 1974 Prime Minister Pierre Trudeau dropped this arrangement to enable Canada to join the Bank of International Settlements. One result is that national debt rose to $700 billion by 2020.

We need to face the current financial crisis by developing new institutions that avoid the pitfalls of old remedies for old problems that no longer prevail. We need to make special efforts to change our approach to the problem of excessive debts and the overconcentration of wealth in fewer and fewer hands.

Locking Down the Viability of Commerce

Of all the facets of the ongoing fiasco generally associated with the coronavirus crisis, none has been so widely catastrophic as the so-called “lockdowns.” The supposed cure of the lockdowns is itself proving to be much more lethal and debilitating than COVID-19’s flu-like impact on human health.

Many questions arise from the immense economic consequences attributed to the initial effort to “flatten the curve” of the hospital treatments for COVID-19. Did the financial crisis occur as a result of the spread of the new coronavirus crisis? Or was the COVID-19 crisis set in motion to help give cover to a long-building economic meltdown that was already well underway in the autumn of 2019?

The lockdowns were first instituted in Wuhan China with the objective of slowing down the spread of the virus so that hospitals would not be overwhelmed. Were the Chinese lockdowns engineered in part to create a model to be followed in Europe, North America, Indochina and other sites of infection like India and Australia? The Chinese lockdowns in Hubei province and then in other parts of China apparently set an example influencing the decision of governments in many jurisdictions. Was this Chinese example for the rest of the world created by design to influence the nature of international responses?

The lockdowns represented a new form of response to a public health crisis. Quarantines have long been used as a means of safeguarding the public from the spread of contagious maladies. Quarantines, however, involve isolating the sick to protect the well. On the other hand the lockdowns are directed at limiting the movement and circulation of almost everyone whether or not they show symptoms of any infections.

Hence lockdowns, or, more euphemistically “sheltering in place,” led to the cancellation of many activities and to the shutdown of institutions. The results extended, for instance, to the closure of schools, sports events, theatrical presentations and business operations. In this way the lockdowns also led to the crippling of many forms of economic interaction. National economies as well as international trade and commerce were severely impacted.

The concept of lockdowns was not universally embraced and applied. For instance, the governments of Sweden and South Korea did not accept the emerging orthodoxy about enforcing compliance with all kinds of restrictions on human interactions. Alternatively, the government of Israel was an early and strident enforcer of very severe lockdown policies.

At first it seemed the lockdown succeeded magnificently in saving Israeli lives. According to Israel Shamir, in other European states the Israeli model was often brought up as an example. In due course, however, the full extent of the assault on the viability of the Israeli economy began to come into focus. Then popular resistance was aroused to reject government attempts to enforce a second wave of lockdowns against a second wave of supposed infections. As Shamir sees it, the result is that “Today Israel is a failed state with a ruined economy and unhappy citizens.”

In many countries the lockdowns began with a few crucial decisions made at the highest level of government. Large and proliferating consequences would flow from the initial determination of what activities, businesses, organizations, institutions and workers were to be designated as “essential.”

The consequences would be severe for those individuals and businesses excluded from the designation identifying what is essential. This deep intervention into the realm of free choice in market relations set a major precedent for much more intervention of a similar nature to come.

The arbitrary division of activities into essential and nonessential categories created a template to be frequently replicated and revised in the name of serving public heath. Suddenly central planning took a great leap forward. The momentum from a generation of neoliberalism was checked even as the antagonistic polarities between rich and poor continued to grow.

To be defined as “nonessential” would soon be equated with job losses and business failures across many fields of enterprise as the first wave of lockdowns outside China unfolded. Indeed, it becomes clearer every day that revolving lockdowns, restrictions and social distancing are being managed in order to help give false justification to a speciously idealized vaccine fix as the only conclusive solution to a manufactured problem.

What must it have meant for breadwinners who fed themselves and their families through wages or self-employment to be declared by government to be “non-essential”? Surely for real providers their jobs, their businesses and their earnings were essential for themselves and their dependents. All jobs and all businesses that people depend on for livelihoods, sustenance and survival are essential in their own way.

Was COVID-19 a Cover for an Anticipated or Planned Financial Crisis?

A major sign of financial distress in the US economy kicked in in mid-September of 2019 when there was a breakdown in the normal operation of the Repo Market. This repurchase market in the United States is important in maintaining liquidity in the financial system.

Those directing entities like large banks, Wall Street traders and hedge funds frequently seek large amounts of cash on a short-term basis. They obtain this cash from, for instance, money market funds by putting up securities, often Treasury Bills, as collateral. Most often the financial instruments go back, say the following night, to their original owners with interest payments attached for the use of the cash.

In mid-September the trust broke down between participants in the Repo Market. The Federal Reserve Bank of New York then entered the picture making trillions of dollars available to keep the system for short-term moving of assets going. This intervention repeated the operation that came in response to the first signs of trouble as Wall Street moved towards the stock market crash of 2008.

One of the major problems on the eve of the bailout of 2008-09, like the problem in the autumn of 2019, had to do with the overwhelming of the real economy by massive speculative activity. The problem then, like a big part of the problem now, involves the disproportionate size of the derivative bets. The making of these bets have become a dangerous addiction that continues to this day to menace the viability of the financial system headquartered on Wall Street.

By March of 2020 it was reported that the Federal Reserve Bank of New York had turned on its money spigot to create $9 trillion in new money with the goal of keeping the failing Repo Market operational. The precise destinations of that money together with the terms of its disbursement, however, remain a secret. As Pam Martens and Russ Martens write,

Since the Fed turned on its latest money spigot to Wall Street [in September of 2019], it has refused to provide the public with the dollar amounts going to any specific banks. This has denied the public the ability to know which financial institutions are in trouble. The Fed, exactly as it did in 2008, has drawn a dark curtain around troubled banks and the public’s right to know, while aiding and abetting a financial coverup of just how bad things are on Wall Street.

Looking back at the prior bailout from their temporal vantage point in January of 2020, the authors noted  “During the 2007 to 2010 financial collapse on Wall Street – the worst financial crisis since the Great Depression, the Fed funnelled a total of $29 trillion in cumulative loans to Wall Street banks, their trading houses and their foreign derivative counterparties.”

The authors compared the rate of the transfer of funds from the New York Federal Reserve Bank to the Wall Street banking establishment in the 2008 crash and in the early stages of the 2020 financial debacle. The authors observed, “at this rate, [the Fed] is going to top the rate of money it threw at the 2008 crisis in no time at all.”

The view that all was well with the economy until the impact of the health crisis began to be felt in early 2020 leads away from the fact that money markets began to falter dangerously in the autumn of 2019. The problems with the Repo Market were part of a litany of indicators pointing to turbulence ahead in troubled economic waters.

For instance, the resignation in 2019 of about 1,500 prominent corporate CEOs can be seen as a suggestion that news was circulating prior to 2020 about the imminence of serious financial problems ahead. Insiders’ awareness of menacing developments threatening the workings of the global economy were probably a factor in the decision of a large number of senior executives to exit the upper echelons of the business world.

Not only did a record number of CEOs resign, but many of them sold off the bulk of their shares in the companies they were leaving.

Pam Marten and Russ Marten who follow Wall Street’s machinations on a daily basis have advanced the case that the Federal Reserve is engaged in fraud by trying to make it seem that “the banking industry came into 2020 in a healthy condition;” that it is only because of “the COVID-19 pandemic” that the financial system is” unravelling,”

The authors argue that this misrepresentation was deployed because the deceivers are apparently “desperate” to prevent Congress from conducting an investigation for the second time in twelve years on why the Fed, “had to engage in trillions of dollars of Wall Street bailouts.” In spite of the Fed’s fear of facing a Congressional investigation after the November 2020 vote, such a timely investigation of the US financial sector would well serve the public interest.

monetary figures on the bailouts 81707

The authors present a number of signs demonstrating that “the Fed knew, or should have known…. that there was a big banking crisis brewing in August of last year. [2019]” The signs of the financial crisis in the making included negative yields on government bonds around the world as well as big drops in the Dow Jones average. The plunge in the price of stocks was led by US banks, but especially Citigroup and JP Morgan Chase.

Another significant indicator that something was deeply wrong in financial markets was a telling inversion in the value of Treasury notes with the two-year rate yielding more than the ten-year rate.

Yet another sign of serious trouble ahead involved repeated contractions in the size of the German economy. Moreover, in September of 2019 news broke that officials of JP Morgan Chase faced criminal charges for RICO-style racketeering. This scandal added to the evidence of converging problems plaguing core economic institutions as more disruptive mayhem gathered on the horizons.

Accordingly, there is ample cause to ask if there are major underlying reasons for the financial crash of 2020 other than the misnamed pandemic and the lockdowns done in its name of “flattening” its spikes of infection. At the same time, there is ample cause to recognize that the lockdowns have been a very significant factor in the depth of the economic debacle that is making 2020 a year like no other.

Some go further. They argue that the financial crash of 2020 was not only anticipated but planned and pushed forward with clear understanding of its instrumental role in the Great Reset sought by self-appointed protagonists of creative destruction. The advocates of this interpretation place significant weight on the importance of the lockdowns as an effective means of obliterating in a single act a host of old economic relationships. For instance Peter Koenig examines the “farce and diabolical agenda of a universal lockdown.”

Koenig writes, “The pandemic was needed as a pretext to halt and collapse the world economy and the underlying social fabric.”

Inflating the Numbers and Traumatizing the Public to Energize the Epidemic of Fear

There have been many pandemics in global history whose effects on human health have been much more pervasive and devastating than the current one said to be generated by a new coronavirus. In spite, however, of its comparatively mild flu-like effects on human health, at least at this point in the summer of 2020, there has never been a contagion whose spread has generated so much global publicity and hype. As in the aftermath of 9/11, this hype extends to audacious levels of media-generated panic. As with the psyop of 9/11, the media-induced panic has been expertly finessed by practitioners skilled in leveraging the currency of fear to realize a host of radical political objectives.

According to Robert E. Wright in an essay published by the American Institute for Economic Research, “closing down the U.S. economy in response to COVID-19 was probably the worst public policy in at least one-hundred years.” As Wright sees it, the decision to lock down the economy was made in ignorant disregard of the deep and devastating impact that such an action would spur. “Economic lockdowns were the fantasies of government officials so out of touch with economic and physical reality that they thought the costs would be fairly low.”

The consequences, Wright predicts, will extend across many domains including the violence done to the rule of law. The lockdowns, he writes, “turned the Constitution into a frail and worthless fabric.” Writing in late April, Wright touched on the comparisons to be made between the economic lockdowns and slavery. He write, “Slaves definitely had it worse than Americans under lockdown do, but already Americans are beginning to protest their confinement and to subtly subvert authorities, just as chattel slaves did.”

The people held captive in confined lockdown settings have had the time and often the inclination to imbibe much of the 24/7 media coverage of the misnamed pandemic. Taken together, all this media sensationalism has come to constitute one of the most concerted psychological operations ever.

The implications have been enormous for the mental health of multitudes of people. This massive alteration of attitudes and behaviours is the outcome of media experiments performed on human subjects without their informed consent. The media’s success in bringing about herd subservience to propagandistic messaging represents a huge incentive for more of the same to come. It turns out that the subject matter of public health offers virtually limitless potential for power-seeking interests and agents to meddle with the privacies, civil liberties and human rights of those they seek to manipulate, control and exploit.

The social, economic and health impacts of the dislocations flowing from the lockdowns are proving to be especially devastating on the poorest, the most deprived and the most vulnerable members of society. This impact will continue to be marked in many ways, including in increased rates of suicide, domestic violence, mental illness, addictions, homelessness, and incarceration far larger than those caused directly by COVID-19. As rates of deprivation through poverty escalate, so too will crime rates soar.

The over-the-top alarmism of the big media cabals has been well financed by the advertising revenue of the pharmaceutical industry. With some few exceptions, major media outlets pushed the public to accept the lockdowns as well as the attending losses in jobs and business activity. In seeking to push the agenda of their sponsors, the big media cartels have been especially unmindful of their journalistic responsibilities. Their tendency has been to avoid or censor forums where even expert practitioners of public health can publicly question and discuss government dictates about vital issues of public policy.

Whether in Germany or the United States or many other countries, front line workers in this health care crisis have nevertheless gathered together with the goal of trying to correct the one-sided prejudices of of discriminatory media coverage. One of the major themes in the presentations by medical practitioners is to confront the chorus of media misrepresentations on the remedial effects of hydroxychloroquine and zinc.

On July 27 a group of doctors gathered on the grounds of the US Supreme Court to try to address the biases of the media and the blind spots of government.

Another aspect in the collateral damage engendered by COVID-19 alarmism is marked in the fatalities arising from the wholesale postponement of many necessary interventions including surgery. How many have died or will die because of the hold put on medical interventions to remedy cancer, heart conditions and many other potentially lethal ailments?

Did the unprecedented lockdowns come about as part of a preconceived plan to inflate the severity of an anticipated financial meltdown? What is to be made of the suspicious intervention of administrators to produce severely padded numbers of reported deaths in almost every jurisdiction? This kind of manipulation of statistics raised the possibility that we are witnessing a purposeful and systemic inflation of the severity of this health care crisis.

Questions about the number of cases arise because of the means of testing for the presence of a supposedly new coronavirus. The PCR system that is presently being widely used does not test for the virus but tests for the existence of antibodies produced in response to many health challenges including the common cold. This problem creates a good deal of uncertainty of what a positive test really means.

The problems with calculating case numbers extend to widespread reports that have described people who were not tested for COVID-19 but who nevertheless received notices from officials counting them as COVID-19 positive. Broadcaster Armstrong Williams addressed the phenomenon on his network of MSM media outlets in late July.

From the mass of responses he received, Williams estimated that those not tested but counted as a positive probably extends probably to hundreds of thousands of individuals. What would drive the effort to exaggerate the size of the afflicted population?

This same pattern of inflation of case numbers was reinforced by the Tricare branch of the US Defense Department’s Military Health System. This branch sent out notices to 600,000 individuals who had not been tested. The notices nevertheless informed the recipients that they had tested positive for COVID 19.

Is the inflation of COVID-19 death rates and cases numbers an expression of the zeal to justify the massive lockdowns? Were the lockdowns in China conceived as part of a scheme to help create the conditions for the public’s acceptance of a plan to remake the world’s political economy? What is to be made of the fact that those most identified with the World Economic Forum (WEF) have led the way in putting a positive spin on the reset arising from the very health crisis the WEF helped introduce and publicize in Oct. of 2019?

As Usual, the Poor Get Poorer

The original Chinese lockdowns in the winter of 2020 caused the breakdowns of import-export supply chains extending across the planet. Lockdowns in the movement of raw materials, parts, finished products, expertise, money and more shut down domestic businesses in China as well as transnational commerce in many countries outside China. The supply chain disruptions were especially severe for businesses that have dispensed with the practice of keeping on hand large inventories of parts and raw material, depending instead on just-in-time deliveries.

As the supply chains broke down domestically and internationally, many enterprises lacked the revenue to pay their expenses. Bankruptcies began to proliferate at rates that will probably continue to be astronomical for some time. All kinds of loans and liabilities were not paid out in full or at all. Many homes are being re-mortgaged or cast into real estate markets as happened during the prelude and course of the bailouts of 2007-2010.

The brunt of the financial onslaught hit small businesses especially hard. Collectively small businesses have been a big creator of jobs. They have picked up some of the slack from the rush of big businesses to downsize their number of full-time employees. Moreover, small businesses and start-ups are often the site of exceptionally agile innovations across broad spectrums of economic activity. The hard financial slam on the small business sector, therefore, is packing a heavy punch on the economic conditions of everyone.

The devastating impact of the economic meltdown on workers and small businesses in Europe and North America extends in especially lethal ways to the massive population of poor people living all over the world. Many of these poor people reside in countries where much of the paid work is irregular and informal.

At the end of April the International Labor Organization (ILO), an entity created along with the League of Nations at the end of the First World War, estimated that there would be 1.6 billion victims of the meltdown in the worldwide “informal economy.” In the first month of the crisis these workers based largely in Africa and Latin America lost 60% of their subsistence level incomes.

As ILO Director-General, Guy Ryder, has asserted,

This pandemic has laid bare in the cruellest way, the extraordinary precariousness and injustices of our world of work. It is the decimation of livelihoods in the informal economy – where six out of ten workers make a living – which has ignited the warnings from our colleagues in the World Food Programme, of the coming pandemic of hunger. It is the gaping holes in the social protection systems of even the richest countries, which have left millions in situations of deprivation. It is the failure to guarantee workplace safety that condemns nearly 3 million to die each year because of the work they do. And it is the unchecked dynamic of growing inequality which means that if, in medical terms, the virus does not discriminate between its victims in its social and economic impact, it discriminates brutally against the poorest and the powerless.

Guy Ryder remembered the optimistic rhetoric in officialdom’s responses to the economic crash of 2007-2009. He compares the expectations currently being aroused by the vaccination fixation with the many optimistic sentiments previously suggesting the imminence of remedies for grotesque levels of global inequality. Ryder reflected,

We’ve heard it before. The mantra which provided the mood music of the crash of 2008-2009 was that once the vaccine to the virus of financial excess had been developed and applied, the global economy would be safer, fairer, more sustainable. But that didn’t happen. The old normal was restored with a vengeance and those on the lower echelons of labour markets found themselves even further behind.

The internationalization of increased unemployment and poverty brought about in the name of combating the corona crisis is having the effect of further widening the polarization between rich and poor on a global scale. Ryder’s metaphor about the false promises concerning a “vaccine” to correct “financial excess” can well be seen as a precautionary comment on the flowery rhetoric currently adorning the calls for a global reset.

Wall Street and 9/11

The world economic crisis of 2020 is creating the context for large-scale repeats of some key aspects of the bailout of 2007-2010. The bailout of 2007-2008 drew, in turn, from many practices developed in the period when the explosive events of 9/11 triggered a worldwide reset of global geopolitics.

While the events of 2008 and 2020 both drew attention to the geopolitical importance of Wall Street, the terrible pummelling of New York’s financial district was the event that ushered in a new era of history, an era that has delivered us to the current financial meltdown/lockdown.

It lies well beyond the scope of this essay to go into detail about the dynamics of what really transpired on 9/11. Nevertheless, some explicit reckoning with this topic is crucial to understanding some of the essential themes addressed in this essay.

Indeed, it would be difficult to overstate the relevance of 9/11 to the background and nature of the current debacle. The execution and spinning of 9/11 were instrumental in creating the repertoire of political trickery presently being adapted in the manufacturing and exploiting of the COVID-19 hysteria. A consistent attribute of the journey from 9/11 to COVID-19 has been the amplification of executive authority through the medium of emergency measures enactments, policies and dictates.

Wall Street is a major site where much of this political trickery was concocted in planning exercises extending to many other sites of power and intrigue. In the case of 9/11, a number of prominent Wall Street firms were involved before, during and after the events of September 11. As is extremely well documented, these events have been misrepresented in ways that helped to further harness the military might of the United States to the expansionistic designs of Israel in the Middle East.

The response of the Federal Reserve to the events of 9/11 helped set in motion a basic approach to disaster management that continues to this day. Almost immediately following the pulverization of Manhattan’s most gigantic and iconographic landmarks, Federal Reserve officials made it their highest priority to inject liquidity into financial markets. Many different kinds of scenario can be advanced behind the cover of infusing liquidity into markets.

For three days in a row the Federal Reserve Bank of New York turned on its money spigots to inject transfusions of $100 billion dollars of newly generated funds into the Wall Street home of the financial system. The declared aim was to keep the flow of capital between financial institutions well lubricated. The Federal Reserve’s infusions of new money into Wall Street took many forms. New habits and appetites were thereby cultivated in ways that continue to influence the behaviour of Wall Street organizations in the financial debacle of 2020.

The revelations concerning the events of 9/11 contained a number of financial surprises. Questions immediately arose, for instance, about whether the destruction of the three World Trade Center skyscrapers had obliterated software and hardware vital to the continuing operations of computerized banking systems. Whatever problems arose along these lines, it turned out that there was sufficient digital information backed up in other locations to keep banking operations viable.

But while much digital data survived the destruction of core installations in the US financial sector, some strategic information was indeed obliterated. For instance, strategic records entailed in federal investigations into many business scandals were lost. Some of the incinerated data touched on, for instance, the machinations of the energy giant, Enron, along with its Wall Street partners, JP Morgan Chase and Citigroup.

The writings of E. P Heidner are prominent in the literature posing theories about the elimination of incriminating documentation as a result of the controlled demolitions of 9/11. What information was eliminated and what was retained in the wake of the devastation? Heidner has published a very ambitious account placing the events of 9/11 at the forefront of a deep and elaborate relationship linking George H. W. Bush to Canada’s Barrick Gold and the emergence of gold derivatives.

The surprises involving 9/11 and Wall Street included evidence concerning trading on the New York Stock Exchange. A few individuals enriched themselves significantly by purchasing a disproportionately high number of put options on shares about to fall precipitously as a result of the anticipated events of 9/11. Investigators, however, chose to ignore this evidence because it did not conform to the prevailing interpretation of who did what to whom on 9/11.

Another suspicious group of transactions conducted right before 9/11 involved some very large purchases of five-year US Treasury notes. These instruments are well known hedges when one has knowledge that a world crisis is imminent. One of these purchases was a $5 billion transaction. The US Treasury Department would have been informed about the identity of the purchaser. Nevertheless the FBI and the Securities Exchange Commission collaborated to point public attention away from these suspect transactions. (p. 199)

On the very day of 9/11 local police arrested Israeli suspects employed in the New York area as Urban Movers. The local investigators were soon pressured to ignore the evidence, however, and go along with the agenda of the White House and the media chorus during the autumn of 2001.

In the hours following the pulverization of the Twin Towers the dominant mantra was raised “Osama bin Laden and al-Qeada did it.” That mantra led in the weeks, months and years that followed to US-led invasions of several Muslim-majority countries. Some have described these military campaigns as wars for Israel.

Soon New York area jails were being filled up with random Muslims picked up for nothing more than visa violations and such. The unrelenting demonization of Muslims collectively can now be seen in retrospect as a dramatic psychological operation meant to poison minds as the pounding of the war drums grew in intensity. In the process a traumatized public were introduced to concepts like “jihad.” At no time has there ever been a credible police investigation into the question of who is responsible for the 9/11 crimes.

Defense Secretary Donald Rumsfeld chose September 10, the day before 9/11, to break the news at a press conference that $2.3 trillion had gone missing from the Pentagon’s budget. Not surprisingly the story of the missing money got buried the next day as reports of the debacle in Manhattan and Washington DC dominated MSM news coverage.

As reported by Forbes Magazine, the size of the amount said to have gone missing in Donald Rumsfeld’s 2001 report of Defense Department spending had mushroomed by 2015 to around $21 trillion. It was Mark Skidmore, an Economics Professor at the University of Michigan, who became the main sleuth responsible for identifying the gargantuan amount of federal funds that the US government can’t account for.

As the agency that created the missing tens of trillions that apparently has disappeared without a trace, wouldn’t the US Federal Reserve be in a position to render some assistance in tracking down the lost funds? Or is the Federal Reserve somehow a participant or a complicit party in the disappearance of the tens of trillions without a paper trail?

The inability or unwillingness of officialdom to explain what happened to the lost $21 trillion, an amount comparable to the size of the entire US national debt prior to the lockdowns, might be viewed in the light of the black budgets of the US Department of Defense (DOD). Black budgets are off-the-books funds devoted to secret research and to secret initiatives in applied research.

In explaining this phenomenon, former Canadian Defense Minister, Paul Hellyer, has observed, “thousands of billions of dollars have been spent on projects about which Congress and the Commander In Chief have deliberately been kept in the dark.” Eric Zuess goes further. As he explains it, the entire Defense Department operates pretty much on the basis of an unusual system well outside the standard rules of accounting applied in other federal agencies.

When news broke about the missing $21 trillion, federal authorities responded by promising that special audits would be conducted to explain the irregularities. The results of those audits, if they took place at all, were never published. The fact that the Defense of Department has developed in a kind of audit free zone has made it a natural magnet for people and interests engaged in all kinds of criminal activities.

Eric Zuess calls attention to the 1,000 military bases around the world that form a natural network conducive to the cultivation of many forms of criminal trafficking. Zuess includes in his reflections commentary on the secret installations in some American embassies but especially in the giant US Embassy in Baghdad Iraq.

The US complex in Baghdad’s Green Zone is the biggest Embassy in the world. Its monumental form on a 104 acre site expresses the expansionary dynamics of US military intervention in the Middle East and Eurasia following 9/11.

The phenomenon of missing tens of trillions calls attention to larger patterns of kleptocratic activity that forms a major subject addressed here. The shifts into new forms of organized crime in the name of “national security” began to come to light in the late 1980s. An important source of disclosures was the series of revelations that accompanied the coming apart of the Saudi-backed Bank of Credit and Commerce International, the BCCI.

The nature of this financial institution, where CIA operatives were prominent among its clients, provides a good window into the political economy of drug dealing, money laundering, weapons smuggling, regime change and many much more criminal acts that took place along the road to 9/11.

The BCCI was a key site of financial transactions that contributed to the end of the Cold War and the inception of many new kinds of conflict. These activities often involved the well-financed activities of mercenaries, proxy armies, and a heavy reliance on private contractors of many sorts.

The Enron scandal was seen to embody some of the same lapses facilitated by fraudulent accounting integral to the BCCI scandal. Given the bubble of secrecy surrounding the Federal Reserve, there are thick barriers blocking deep investigation into whether or not the US Central Bank was involved in the relationship of the US national security establishment and the BCCI.

The kind of dark transactions that the BCCI was designed to facilitate must have been channelled after its demise into other banking institutions probably with Wall Street connections. Since 9/11, however, many emergency measures have been imposed that add extra layers of secrecy protecting the perpetrators of many criminal acts from public exposure and criminal prosecutions.

The events of 9/11 have sometimes been described as the basis of a global coup. To this day there is no genuine consensus about what really transpired to create the illusion of justification for repeated US military invasions of Muslim-majority countries in the Middle East and Eurasia.

The 9/11 debacle and the emergency measures that followed presented Wall Street with an array of new opportunities for profit that came with the elaborate refurbishing and retooling of the military-industrial complex.

The response to 9/11 was expanded and generalized upon to create the basis of a war directed not at a particular enemy, but rather at an ill-defined conception identified as “terrorism.” This alteration was part of a complex of changes adding trillions to the flow of money energizing the axis of interaction linking the Pentagon and Wall Street and the abundance of new companies created to advance the geopolitical objectives emerging from the 9/11 coup.

According to Pam Martens and Russ Martens, the excesses of deregulation helped induce an anything-goes-ethos on Wall Street and at its Federal Reserve regulator in the wake of 9/11. As the authors tell it, the response to 9/11 helped set important precedents for the maintaining flows of credit and capital in financial markets.

Often the destination of the funds generated in the name of pumping liquidity into markets was not identified and reported in transactions classified as financial emergency measures. While the priority was on keeping financial pumps primed, there was much less concern for transparency and accountability among those in positions of power at the Federal Reserve.

The financial sector’s capture of the government instruments meant to regulate the behaviour of Wall Street institutions was much like the deregulation of the US pharmaceutical industry. Both episodes highlight a message that has become especially insistent as the twenty-first century unfolds.

The nature of the response to 9/11 emphasized the mercenary ascent of corporate dominance as the primary force directing governments. Throughout this transformation the message to citizens became increasingly clear. Buyer Beware. We cannot depend on governments to represent our will and interests. We cannot even count on our governments to protect citizens from corporatist attacks especially on human health and whatever financial security we have been able to build up.

Bailouts, Derivatives, and the Federal Reserve Bank of New York

The elimination of the Glass-Steagall Act in 1999 was essential to the process of dramatically cutting back the government’s role as a protector of the public interest on the financial services sector. The Glass-Steagall Act was an essential measure in US President Franklin D. Roosevelt’s New Deal. Some view the New Deal as a strategy for saving capitalism by moderating ts most sharp-edged features. Instituted in 1933 in response to the onset of the Great Depression, the Glass-Steagall Act separated the operations of deposit-accepting banks from the more speculative activity of investment brokers.

The termination of the regulatory framework put in place by the Glass Steagall Act opened much new space for all kinds of experiments in the manipulation of money in financial markets. The changes began with the merger of different sorts of financial institutions including some in the insurance field. Those overseeing the reconstituted entities headquartered on Wall Street took advantage of their widened latitudes of operation. They developed all sorts of ways of elaborating their financial services and presenting them in new packages.

The word, “derivative” is often associated with many applications of the new possibilities in the reconstituted financial services sector. The word, derivative, can be applied to many kinds of transactions involving speculative bets of various sorts. As the word suggests, a derivative is derived from a fixed asset such as currency, bonds, stocks, and commodities. Alterations in the values of fixed assets affect the value of derivatives that often take the form of contracts between two or more parties.

One of the most famous derivatives in the era of the financial crash of 2007-2010 was described as mortgaged-backed securities. On the surface these bundles of debt-burdened properties might seem easy to understand. But that would be a delusion. The value of these products was affected, for instance, by unpredictable shifts in interest rates, liar loans extended to homebuyers who lacked the capacity to make regular mortgage payments, and significant shifts in the value of real estate.

Mortgage-backed securities were just one type of a huge array of derivatives invented on the run in the heady atmosphere of secret and unregulated transactions between counterparties. Derivatives could involve contracts formalizing bets between rivals gambling on the outcome of competitive efforts to shape the future.  An array of derivative bets was built around transactions often placed behind the veil of esoteric nomenclature like “collateralized debt obligations” or “credit default swaps.”

The variables in derivative bets might include competing national security agendas involving, for instance, pipeline constructions, regime change, weapons development and sales, false flag terror events, or money laundering. Since derivative bets involve confidential transactions with secret outcomes, they can be derived from all sorts of criteria. Derivative bets can, for instance, involve all manner of computerized calculations that in some cases are constructed much like war game scenarios.

The complexity of derivatives became greater when the American Insurance Group, AIG, began selling insurance programs to protect all sides in derivative bets from suffering too drastically from the consequences of being on the losing side of transactions.

The derivative frenzy, sometimes involving bets being made by parties unable to cover potential losses, overwhelmed the scale of the day-to-day economy. The “real economy” embodies exchanges of goods, services, wages and such that supply the basic necessities for human survival with some margin for recreation, travel, cultural engagement and such.

The Swiss-based Bank of International Settlements calculated in 2008 that the size of the all forms of derivative products had a monetary value of $1.14 quadrillion. A quadrillion is a thousand trillions. By comparison, the estimated value of all the real estate in the world was $75 trillion in 2008.

[Bank for International SettlementsSemiannual OTC derivative statistics at end-December, 2008.]

As the enticements of derivative betting preoccupied the leading directors of Wall Street institutions, their more traditional way of relating to one another began to falter. It was in this atmosphere that the Repo Market became problematic in December of 2007 just as it showed similar signs of breakdown in September of 2019.

In both instances the level of distrust between those in charge of financial institutions began to falter because they all had good reason to believe that their fellow bankers were overextended. All had reason to believe their counterparts were mired by too much speculative activity enabled by all sorts of novel experiments including various forms of derivative dealing.

In December of 2007 as in the autumn of 2019, the Federal Reserve Bank of New York was forced to enter the picture to keep the financial pumps on Wall Street primed. The New York Fed kept the liquidity cycles flowing by invoking its power to create new money with the interest charged to tax payers.

As the financial crisis unfolded in 2008 and 2009 the Federal Reserve, but especially the privately-owned New York Federal Reserve bank, stepped forward to bail out many financial institutions that had become insolvent or near insolvent. In the process precedents and patterns were established that are being re-enacted with some modifications in 2020.

One of the innovations that took place in 2008 was the decision by the Federal Reserve Bank of New York to hire a large Wall Street financial institution, BlackRock, to administer the bailouts. These transfers of money went through three specially created companies now being replicated as Special Purpose Vehicles in the course of the payouts of 2020.

In 2008-09 BlackRock administered the three companies named after the address of the New York Federal Reserve Bank on Maiden Lane. BlackRock emerged from an older Wall Street firm called Blackstone. Its former chair, Peter C. Peterson, was a former Chair of the Federal Reserve Bank of New York.

The original Maiden Lane company paid Bear Stearns Corp $30 billion. This amount from the New York Fed covered the debt of Bear Stearns, a condition negotiated to clear the way for the purchase of the old Wall Street institution by JP Morgan Chase. Maiden Lane II was a vehicle for payouts to companies that had purchased “mortgage-backed securities” before these derivative products turned soar.

Maiden Lane III was to pay off “multi-sector collateralized debt obligations.” Among these bailouts were payoffs to the counterparties of the insurance giant, AIG. As noted, AIG had developed an insurance product to be sold to those engaged in derivative bets. When the bottom fell out of markets, AIG lacked the means to pay off the large number of insurance claims made against it. The Federal Reserve Bank of New York stepped in to bail out the counterparties of AIG, many of them deemed to be “too big to fail.”

Among the counterparties of AIG was Goldman Sachs. It received of $13 billion from the Federal Reserve. Other bailouts to AIG’s counterparties were $12 billion to Deutsche Bank, $6.8 billion to Merrill Lynch, $5 billion to Switzerland’s UBS, $7.9 billion to Barclays, and $5.2 billion to Bank of America. Some of these banks received additional funds from other parts of the overall bailout transaction. Many dozens of other counterparties to AIG also received payouts in 2008-2009. Among them were the Bank of Montreal and Bank of Scotland.

The entire amount of the bailouts was subsequently calculated to be a whopping $29 trillion with a “t.” The lion’s share of these funds went to prop up US financial institutions and the many foreign banks with which they conducted business.

Much of this money went to the firms that were shareholders in the Federal Reserve Bank of New York or partners of the big Wall Street firms. Citigroup, the recipient of the largest amount, received about $2.5 trillion in the federal bailouts. Merrill Lynch received $2 trillion,

The Federal Reserve Bank was established by Congressional statute in 1913. The Federal Reserve headquarters is situated in Washington DC. The Central Bank was composed of twelve constituent regional banks. Each one of these regional banks is owned by private banks.

The private ownership of the banks that are the proprietors of the Federal Reserve system has been highly contentious from its inception. The creation of the Federal Reserve continues to be perceived by many of its critics as an unjustifiable giveaway whereby the US government ceded to private interests its vital capacity to issue its own currency and to direct monetary policy like the setting of interest rates.

Pam Martens and Russ Martens at Wall Street on Parade explain the controversial Federal Reserve structure as follows

While the Federal Reserve Board of Governors in Washington, D.C. is deemed an “independent federal agency,” with its Chair and Governors appointed by the President and confirmed by the Senate, the 12 regional Fed banks are private corporations owned by the member banks in their region. The settled law under John L. Lewis v. the United States confirms: “Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region.”

In the case of the New York Fed, which is located in the Wall Street area of Manhattan, its largest shareowners are behemoth multinational banks, including JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley.

There was no genuine effort after the financial debacle of 2007-2010 to correct the main structural problems and weaknesses of the Wall Street-based US financial sector. The Dodd-Frank Bill signed into law by US President Barack Obama in 2010 did make some cosmetic changes. But the main features of the regulatory capture that has taken place with the elimination of the Glass-Steagall Act remained with only minor alterations. In particular the framework was held in place for speculative excess in derivative bets.

In the summer edition of The Atlantic, Frank Partnoy outlined a gloomy assessment of the continuity leading from the events of 2007-2010 to the current situation. This current situation draws a strange contrast between the lockdown-shattered quality of the economy and the propped-up value of the stock market whose future value will in all probability prove unsustainable. Partnoy writes,

It is a distasteful fact that the present situation is so dire in part because the banks fell right back into bad behavior after the last crash—taking too many risks, hiding debt in complex instruments and off-balance-sheet entities, and generally exploiting loopholes in laws intended to rein in their greed. Sparing them for a second time this century will be that much harder.

Wall Street Criminality on Display

The frauds and felonies of the Wall Street banks have continued after the future earnings of US taxpayers returned them to solvency after 2010. The record of infamy is comparable to that of the pharmaceutical industry.

The criminal behaviour in both sectors is very relevant to the overlapping crises that are underway in both the public health and financial sectors. In 2012 the crime spree in the financial sector began with astounding revelations about the role of many major banks in the LIBOR, the London Interbank Offered Rate. The LIBOR rates create the basis of interest rates involved in the borrowing and lending of money in the international arena.

When the scandal broke there were 35 different LIBOR rates involving various types of currency and various time frames for loans between banks. The rates were calculated every day based on information forwarded from 16 different banks to a panel on London. The reporting banks included Citigroup, JP Morgan Chase, Bank of America, UBS, and Deutsche Bank. The influence of the LIBOR rate extended beyond banks to affect the price of credit in many types of transactions.

The emergence of information that the banks were working together to rig the interest rate created the basis for a huge economic scandal. Fines extending from hundreds of millions into more than a billion dollars were placed on each of the offending banks. But in this instance and many others to follow, criminality was attached to the financial entities but not to top officials responsible for the decisions that put their corporations on the wrong side of the law.

One of the factors in the banking frauds comprising the LIBOR scandal was the temptation to improve the chance for financial gains in derivative bets. The biggest failure of the federal response to the financial meltdown of 2007-210 was that little was done to curb the excesses of transactions in the realm of derivatives.

Derivatives involved a form of gambling that exists in a kind of twilight zone. This twilight zone fills a space somewhere between the realm of the real economy and the realm of notional value. Notional values find expression in unrealized speculation about what might or might not come to fruition; what might or might not happen; who might win and who might lose in derivative speculations.

The addiction of Wall Street firms to derivative betting remains unchecked to this day. The bankers’ continuing fixation with unregulated gambling, often with other people’s money, is deeply menacing for the future of the global economy…. indeed for the future of everyone on earth. According to the Office of the Controller of Currency, in 2019 JP Morgan Chase had $59 trillion in derivative bets. In July of 2020 it emerged that Citigroup held $62 trillion in derivative contracts, about $30 trillion more than it held before it was bailed out in 2008. In 2019 Goldman Sachs held $47 trillion and Bank of America held $20.4 trillion in derivate bets.

A big part of the scandal embodied in these figures is embedded in the reality that all of these banks carry their most risky derivative bets in units of their corporate networks that are protected by the Federal Deposit Insurance Corporation. This peril played a significant part in deepening the crisis engendered by financial meltdown that began in 2007.

One of the most redeeming features of the Dodd-Frank Act as originally drafted was a provision preventing financial institutions from keeping their derivative portfolios in banks whose deposits and depositors were backed up by federal insurance.

Citigroup led the push in Congress in 2014 to allow Wall Street institutions to revert back to a more deregulated and danger-prone economic environment. The notoriously inept decisions and actions of Citigroup had played a significant role in the lead up to the financial debacle of 2007 to 2010. Since 2016 Citigroup has become once again the biggest risk taker by loading itself up with more derivative speculations than any other financial institution in the world.

By returning derivative speculations to the protections of federal financial backstops, taxpayers are once again forced to assume responsibility for the most outlandish risks of Wall Street’s high rollers. It is taxpayers who are the backers of the federal government when it comes to their commitment to compensate banks for losses, even when these losses come about from derivative bets.

How much more Wall Street risk and public debt can be loaded onto taxpayers and even onto generations of taxpayers yet unborn? How is national debt to be understood when it plunders working people to guarantee and augment the wealth of the most privileged branches of society? Why should those most responsible for creating the most excessive risks to the financial wellbeing of our societies be protected from bearing the consequences of the very risks they themselves created?

Along with Citigroup, JP Morgan Chase stands out among a group of financial sector reprobates most deeply involved in sketchy activities that extend deep into the realm of criminality. In a simmering scandal six of JP Morgan Chase’s traders have been accused of breaking laws in conducting the bank’s futures trading in the value of precious metals. They have been accused of violating the RICO statute, a law meant for people suspected of being part of organized crime.

In the charges pressed by the Justice Department on JP Morgan Chase’s traders it is alleged that they “conducted the affairs of the [minerals] desk through a pattern of racketeering activity, specifically, wire fraud affecting a financial institution and bank fraud.”

In 2012 JP Morgan Chase faced a $1 billion fine for its role in the “London Wale” series of derivative bets described as follows by the Chair of the US Senate’s Permanent Subcommittee on Investigation. Senator Carl Levin explained, “Our findings open a window into the hidden world of high stakes derivatives trading by big banks. It exposes a derivatives trading culture at JPMorgan that piled on risk, hid losses, disregarded risk limits, manipulated risk models, dodged oversight, and misinformed the public.”

Traders at Goldman Sachs appear to have been part of the Wall Street crime spree. The tentacles of corruption in the Goldman Sachs case apparently extend deep into the US Justice Department. The case involves allegations of embezzlement, money laundering and missing billions. These manifestations of malfeasance all spin out of a scandal-prone Malaysian sovereign wealth fund administered by Goldman Sachs.

A big part of the scandal reported in Wall Street on Parade in July of 2020 involves the fact that the Justice Department’s prosecutors seem to be dragging their feet in this possible criminal felony case against Goldman Sachs. The prosecutors, including the US Attorney-General, William Barr, worked previously for the law firm, Kirkland and Ellis. Kirkland and Ellis was retained to defend Goldman Sachs in this matter.

Pam Martens and Russ Martens express dismay at the failure of US officialdom to hold Wall Street institutions accountable for the crime spree of some of its biggest firms. They write, “Congress and the executive branch of the government seem determined to protect Wall Street criminals, which simply assures their proliferation.”

Even racketeering charges against officials at JP Morgan Chase, where Jamie Dimon presides as CEO, failed to receive any attention from the professional deceivers that these days dominate MSM. The star reporters of Wall Street on Parade write, “Crime and fraud are so de rigueur at the bank led by Dimon that not one major newspaper ran the headline [of the racketeering charge] on the front page or anywhere else in the paper.

While federal charges that JP Morgan Chase’s Wall Street operation engaged in criminal racketeering was not of interest to the press, Jamie Dimon’s surprise visit in early June to a Chase branch in Mt. Kisco New York aroused considerable media attention. Dimon was photographed with staff wearing a mask and taking the knee. By participating in this ritual Dimon signaled that his Wall Street operation is in league with the sometimes violent cancel culture pushed into prominence by the Democratic Party in partnership with Black Lives Matter and Antifa.

Jamie Dimon takes a knee 039df

*(JPMorgan CEO Jamie Dimon takes a knee with employees in front of a bank vault. Credit: JPMorgan)

In an article on 21 July marking ten years since the Dodd-Frank Act of 2010, the Martens duo conclude, “So here we are today, watching the Fed conduct another secret multi-trillion dollar bailout of Wall Street while the voices of Congress and mainstream media are nowhere to be heard.”

Enter BlackRock

In March it was announced that representatives of the US Treasury Department, the Federal Reserve Board and the BlackRock financial management were joining forces to make adjustments in the US economy. The aim was to address the financial dislocations resulting from the decision to lock down businesses, citizens, schools, entertainment, and social mingling outside the home, all in response to the health care hysteria promoted by governments and their media extensions.

The format of this process suggested some relaxation in the strict distinctions historically drawn between the US Treasury and the Federal Reserve. What would be the role of the third member of the group? In reflecting on this topic Joyce Nelson observed, “the new bailout bill not only further erases the line between the Federal Reserve and the U.S. Treasury, it places BlackRock effectively in an overseer position for both.”

Some saw as symbolically instructive the delegation to BlackRock of a larger role than that assigned it during the first bailout of 2007-2008. It would be hard to overestimate the significance of this prominent Wall Street firm’s return to a strategic role near the very heart of this major exercise of federal power. This invitation to take part in such crucial negotiations at such a consequential juncture in history caused some to characterize BlackRock as a “fourth branch of government.”

As Victoria Guida commented in Politico, “This is a transformational moment for the Fed, and BlackRock’s now going to be in an even stronger position to serve the Fed in the future.”

BlackRock officials had been instrumental in helping to manoeuvre their company into such a strategic role by responding proactively to the understanding in some elite circles that another financial debacle was imminent. Only months before the financial meltdown actually occurred a group of former central bankers all commissioned by BlackRock delivered a recovery plan in August of 2019.

Presented at a G 7 summit of central bankers in Jackson Hole Wyoming, the plan for the government responses to the looming financial collapse was entitled Dealing with the Next Downturn. Its authors are Stanley Fischer, former Governor of the Central Bank of Israel, Philipp Hildebrande, former Chairman of the Governing Board of the Swiss National Bank, Jean Boivin, former Deputy Governor of the Bank of Canada, and Elga Bartsch, Economist at Morgan Stanley.

The BlackRock Team at Jackson Hole put forward the case that a more aggressive and coordinated combination of monetary and fiscal policy must be brought to the job of stimulating a financial recovery. Monetary policy includes the setting of interest rates. Where monetary policy has historically been the domain of the central banks, fiscal policy, involving issues of taxation as well as the content and size of government budgets, lies within the jurisdiction of elected legislatures.

The nub of the proposal to unite fiscal and monetary policy put the US Treasury and the US Federal Reserve on the same political platform. As the author of this merger of monetary and fiscal policy, BlackRock became third member of the triumvirate charged to address the broad array of economic maladies that arrived in the wake of the lockdowns.

In the spring of 2020 BlackRock has been hired by the Bank of Canada and by Sweden’s Central Bank, the Riksbank, to deliver on the approaches to crisis management its representatives had laid out at Jackson Hole. BlackRock’s most high-profile and strategic engagement, however, began with its involvement in the negotiation of the $2 trillion CARES stimulus package that passed through the US Congress in March of 2020.

The CARES Act included $367 billion for loans and grants to small business, $130 billion for health care systems, $150 billion for state and local government, $500 billion for loans to corporate America, and $25 billion for airlines (in addition to loans).

The heart of the plan involved a payout of $1,200 per adult and $500 per child for households making up to $75,000. This payment to citizens approaches the concept of disseminating “helicopter money” as referred to in BlackRock’s initial outline for dealing with the “downturn.” Helicopter money distributed by the federal government to its citizens was also related to the concept of “going direct” in strategies for stimulating the economy.

BlackRock seems to be moving into the space recently held by Goldman Sachs as Wall Street’s best embodiment of ostentatious success including in the preparation of its corporate leaders for high-ranking positions in the federal government. Laurence Fink, BlackRock’s founder and CEO, might well have replicated this career path to become Treasury Secretary if Hillary Clinton had succeeded in becoming US President in 2016.

BlackRock’s leadership went to great lengths to avoid being tagged with the title in the United States of a “systematically important financial institution” (sifi). To be subject to this “sifi” label entails added federal scrutiny and regulation as well as heightened requirements to keep high amounts of capital on hand. BlackRock’s status as a private company not subject to sifi regulations makes the financial management firm more attractive to its federal partners in the federal payout operation presently underway.

One of the reasons for including a private company in the trio of partners involved in the payouts is to sneak around limitations on the legal powers of the Federal Reserve. As explained by Ellen Brown in her essay, Meet BlackRock: The New Great Vampire Squid, the Federal Reserve can only purchase “safe federally-guaranteed assets.” As a private company, BlackRock apparently faces no such restrictions. It can purchase more risky assets not backstopped by federal insurance.

The regional banks of the Federal Reserve Board are owned by private companies whose directors seem to have been part of the decision to include BlackRock in the implementation of the CARES process. There can be no doubt that the format of the CARES negotiations pulled the supposedly independent Federal Reserve more deeply into the political orbit of the US Treasury branch. The presence of a major Wall Street firm in the process, however, apparently gave the advocates of the Fed’s supposed independence from politics a sense that they retained some leverage in the process.

The inclusion of private companies in the conduct of government business has become in recent decades a very common expression of neoliberalism. One of the reasons for this embrace of public-private partnerships in the conduct of government business is to take advantage of the legal nature of private companies. The apportionment to private companies of significant roles in deciding and implementing public policies helps put veils of secrecy over the true nature of government decisions and actions.

Private companies can more easily assert claims to “proprietary information” than can public institutions when they act on behalf of citizens. This feature of privatization in the performance of public responsibilities by elected government runs counter to the imperatives of democratic transparency. It puts obstacles in the way of genuine accountability because the public is more likely to be kept in the dark about key aspects of what is being decided and done on their behalf.

Suck Up Economics and State Monopoly Capitalism

BlackRock owns, controls, or manages about $30 trillion in total in securities. It directly controls or owns somewhat less than a third of this amount. The remainder of the assets BlackRock manages are to service clients responsible for taking care of pension funds, philanthropies, foundations, endowments, family offices, superannuation funds and such.

A big part of BlackRock’s business model involves attracting customers by allowing them access to great masses of timely information of significant utility to those responsible for making investment decisions. This technological wizardry happens on a very advanced computational platform known as Aladdin.

Aladdin remains a work-in-progress, one that is widely recognized as the most sophisticated medium of its kind for assessing all manner of financial risks and potentials for profit. Its future as an investment platform is to become more and more integrated into the complex mix of hardware and software animating Artificial Intelligence.

BlackRock’s job is to dispense funds ushered into existence through the money-creating powers of the Federal Reserve. These transactions are to take place through eleven so-called “special purpose vehicles” similar to the Maiden Lane companies that BlackRock administered during the prior bailouts.

The funds it distributes in this round starting in 2020 are meant, at least at this early stage of the crisis, as payments for various sorts of assets. These assets might include an array of corporate bonds spanning a range from so-called investment grade to garbage grade junk bonds. The losses incurred in this exchange, involving supposed assets that might turn out to be worthless, or loans that might not be paid back, are to be charged to the US Treasury. Ultimately the liability lies on US taxpayers who are the holders of the national debt.

Bonds of varying levels of worth lie beneath another asset eligible for transformation into cash. This instrument of value is referred to as Exchange Traded Funds, ETFs. ETFs happen to be a specialty of BlackRock ever since the company launched a range of commercial ETFs into Stock Market circulation through its iShares division. BlackRock’s role on both sides of buying and selling ETFs comes up repeatedly as one of the many conflicts of interest of which the Wall Street firm stands accused.

Given that BlackRock is involved in one way or another in the proprietorship of pretty much every major company in the world, there is plenty to back up the allegation that Black Rock is an interested party in most of the transactions in which it engages as part of its partnership with the US Fed and Treasury Branch.

Pam Matens and Russ Martens have been very critical of the role of the Federal Reserve and BlackRock in the current economic crisis. They have anticipated that, if the current drift of events continues, American taxpayers will once again be gobsmacked with a huge growth in the national debt. This development would amount to another major transfer of wealth away from working people to the beneficiaries of Wall Street firms and the same commercial institutions that received the lion’s share of funds during the last bailout.

The co-authors picture BlackRock is part of a scheme to use “Special Purpose Vehicles” like “Enron used to hide the true state of its finances and blow itself up.” They entitle their article published on 31 March, 2020 as  “The Dark Secrets in the Fed’s Wall Street Bailout Are Getting a Devious Makeover in Today’s Bailout.”

The authors observe. “What makes the New York Fed’s bailout of Wall Street so much more dangerous this time around is that it has decided to use a different structure for its loans to Wall Street – one that will force losses on taxpayers and, it hopes, will provide an ironclad secrecy curtain around how much it spends and where the money goes.”

I find this account of an effort by the Federal Reserve to create an “ironclad secrecy curtain” shocking under these circumstances. It suggests an intention to exceed the deceptiveness of the last bailout. This warning renews longstanding suspicions that the failures of transparency and accountability have not subsided since the beginning of the era when deregulation and the 9/11 deceptions converged in the domestic and international operations of Wall Street.

The structural problems already identified in the process initiated to implement the CARES Act could have enormous consequences if the current economic crisis continues to deteriorate. This deterioration is not likely to stop anytime soon given the depth of the crash and its probable domino effects. It was reported in late July that during the second quarter of 2020 the US Gross Domestic Product collapsed at an annualized rate of 33%, the deepest decline in output ever recorded since the US government began measuring GDP in 1947.

The CARES Act helped set in motion a program with the potential to repeat elements of the earlier bailout. The amount of $454 billion was to be set aside to assist the banking sector. The Fed can leverage this amount by ten times according to the principles of fractional reserve banking.

The news of this development caused Mike Whitney to imagine “the Fed turning itself into a hedge fund in order to buy the sludge that has accumulated on the balance sheets of corporations and financial institutions for the last decade,” Whitney pictured an onslaught of “scheming sharpies who will figure out how to game the system and turn the whole fiasco into another Wall Street looting operation.”

Meanwhile the Martens Team at Wall Street on Parade called attention to the $9 trillion already injected by the New York Fed to flood liquidity into the still-troubled Repo Markets that began to falter in September of 2019. Add to this revelation the news that the Fed “has not announced one scintilla of information on what specific Wall Street firms have received this money or how much they individually received.”

There is no doubt that the nature of economic relations will be substantially altered in the process of dealing with the financial meltdown induced by the lockdowns and by the overreliance on high debt rates combined with artificially low interest rates prior to 2020. The altered political economy that is beginning to emerge following the lockdowns is sometimes described as state monopoly capitalism.

In deciding what companies get bailed out and what companies don’t, the financial authorities that are intervening in this crisis are pretty much deciding what enterprises get the advantage of federal financial backstops and what enterprises will not enjoy government sanction. Increasingly, therefore, it is the state that determines winners and losers in the organizing of financial relations. This development further undermines any notion that some idealized vision of competition and market forces will determine winners and losers in the economy of the future.

As Peter Ewarts has observed, it seems that BlackRock is being delegated by federal authorities to exercise “discretionary powers to pick winners and losers,” a choice that is “where the real bonanza and clout lies.” Will the winners be chosen from the companies run by executives that used the money gained from the prior bailouts to engage in stock buy backs? This process of buying back stock tends to be reflected in CEO bonuses and higher share prices. Alternatively this way of allocating funds tends to short change workers as well as innovation and efficiency in industrial production?

Will companies be rewarded whose executives have moved production facilities overseas or issued billions in junk bonds? Will companies be rewarded whose directors have participated in the effort to censor the Internet, bring about lockdowns or foment mask hysteria? Why is it that the coddled elites serving the financial imperatives of most wealthy branches of society are being put in the best position to decide who gets a life preserver from the state and who must sink and drown?

Might this bias be a factor in the current process that led Forbes Magazine to conclude in a headline that “Billionaries Are Getting Richer During the Covid-19 Pandemic While Most Americans Suffer.”

There can be no doubt that the financial transactions beginning with the CARES Act represent a crucial initial stage in what the promoters of the World Economic Forum have been labeling as the Great Reset. Laurence Fink and the BlackRock firm are significant participants in the World Economic Forum. The WEF helped introduce the pandemic in Event 201 in October of 2019 even as it is now trying to put a positive face on the fiasco.

Why should the people most harshly affected by the lockdowns tolerate that the very Wall Street interests dispossessing them, are tasked once again to lead and exploit the reset of the financial system? As presently structured by the likes of BlackRock and its beneficiaries, this process is once again transferring new wealth to the most wealthy branches of society. Simultaneously it is burdening the rest of the population with yet another massive increase in both personal and national indebtedness.

There is no more discussion of “trickle down” economics, a frequent metaphor invoked in the Reagan-Thatcher era. Instead we are in the midst of an increasingly intense phase of suck up economics. The rich are being further enriched and further empowered through the dispossession of the poor and the middle classes. This procedure, initiated when locked down citizens were sidelined from the political process, has the potential to result in the largest upward transfer of wealth so far in history.

BlackRock Versus the Debt-Lite Legacy of the Bank of Canada

At the end of March Laurence Fink, CEO and founder of BlackRock, announced in a letter to his company’s shareholder, “We are honored to have been selected to assist the Federal Reserve Bank of New York and the Bank of Canada on programs designed to facilitate capital to businesses and support the economy.”

This announcement might leave the impression that the Bank of Canada and the Federal Reserve Bank of New York are similar institutions. This impression is unfounded. The two banks have very different structures and histories. A spotlight on these differences helps illuminate the nature of a number of core financial issues.

These financial issues should command avid attention during this time of reckoning with a serious economic crisis that may well be still in its early stages. Such issues inevitably draw attention to the current manifestations of very old questions about the character of money and its relationship to the concepts of usury and debt. Questions about debt, debt enslavement as well as the possibility of debt renunciation or debt forgiveness are becoming especially pressing.

These controversial queries arise in an era when a tiny minority is aggressively asserting sweeping claims to ownership of vast concentrations of the world’s available assets. The other side of this picture reveals that the largest mass of humanity is sinking into a swamp of rising debt on a scale that is concurrently unsustainable and unconscionable. How did this level of inequity reach such audacious extremes? Are there any remedies in sight?

There is nothing to suggest structural remediation in the current approach to the economic crisis. In fact so far there is every indication that the current approach of bringing about an enormous expansion in the availability of debt-laden money will only compound the further dispossession of the already dispossessed in order to expand the wealth of the already wealthy.

As already noted, the Federal Reserve Bank of New York is one of twelve regional banks that together constitute the US Federal Reserve. Every regional Federal Reserve Bank is owned by a group of private banks. Each of the private banks at the base of a Federal Reserve regional bank marks its proprietorship through the ownership of shares. These shares cannot be freely traded in stock markets. The ownership of these shares expresses the private ownership of the US banking system.

The Fed’s New York regional bank has a special role in money creation given its location at the heart of the US financial sector on and around Wall Street. In this crisis, the Federal Reserve Bank of New York is creating new money in the name of holding back onslaughts of destitution and penury in a traumatized society. Ever since 1913 every new dollar brought into existence by the Federal Reserve, which is the central bank of the United States, creates added debt that collects compound interest as long as it is left unpaid.

The Bank of Canada was created to counter the delegation of money-creating authority to privately-owned banks. The Bank of Canada was founded during the Great Depression, a time when the failure of many existing institutions created the conditions to try out alternative entities in the attempt to improve economic relationships.

One of the driving forces in the creation of Canada’s new banking system was Gerald Gratten McGeer. McGreer was an elected official in British Columbia dedicated to changing the system so that the people of Canada could generate their own currency through the sovereign authority of Canada’s Parliament. McGeer helped to push the national government of Prime Minister R.B. Bennett in this direction. The wheels were set in motion in 1933 through the work on the Royal Commission on Banking and Currency.

McGeer drew much of his inspiration from former US President, Abraham Lincoln. Lincoln led the US federal government throughout the US Civil War. To finance the Armed Forces of the Union, Lincoln used the authority of the federal government to create “Greenbacks” as a means of paying the troops. By employing the sovereign authority of the US government to create its own currency, Lincoln avoided the intrigues that often accompanied the process of borrowing money from foreign lenders.

McGreer had obtained what he viewed as credible evidence that Lincoln had been assassinated because of his antagonism to the designs of private bankers seeking to widen their base of power in the United States. The Canadian politician had taken to heart a comment attributed often to Lincoln: “The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity.”

The Bank of Canada was created in 1934 and nationalized as a Crown Corporation in 1938. To this day it retains its founding charter that affirms,

WHEREAS it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada.

The Bank of Canada formed an essential basis of a very creative period of Canadian growth, development, and diversification throughout the middle decades of the twentieth century. The Bank of Canada created the capital that financed the Canadian war effort from 1939 until 1945. After the war the Bank of Canada lent money at very low rates of interest to the municipal, provincial and national governments. The monies were used for infrastructure projects and for investments to increase the wellbeing and creative potential of Canada’s most important resource, its people.

This type of low interest or no interest financing formed the economic basis for projects like the creation of a national pension plan, national health care insurance, the Trans-Canada Highway, the St. Lawrence Seaway, the Avro-Arrow initiative as well as a formidable system of colleges and universities.

One could say that the Bank of Canada provided an indigenous money supply that was spent into the operations of a fast growing economy greased with lots of federal liquidity. The new money derived its value from the efforts of Canadian workers.  Together they brought about significant increases in the country’s net worth through practical improvements that bettered the lives of all citizens.

Consider the contrast between this type of national development and the kind of larceny facilitated by the Federal Reserve’s infusions of the money it creates into Wall Street’s operations in the twenty-first century. In, for instance, the financial bailouts of 2007 to 2010 the largest part of the newly-created money ended up in the coffers of the wealthy whereas the new debt created ended up as part of a US national debt.

The burden of carrying this debt falls inter-generationally on average working people who form the lion’s share of taxpayers. They have long been saddled with an “inextinguishable debt” that unrelentingly grows, hardly ever shrinks, and remains basically unpayable forever. The very concept of “compound interest” conveys the image of an overall debt spread out over many venues. This debt must grow in perpetuity. There is a constant need for additional debtors while existing debtors must face constantly growing personal debt.

There is reason to suspect that the financial debacle of 2020 will re-enact some the worst excesses of the 2008 bailout. Might the payouts this time around to derivative-addicted Wall Street firms like Citigroup, Goldman Sachs and JP Morgan Chase exceed the scale of the prior bailout? Would there be any way of even knowing whether the current round of payouts outdoes the former round of bailouts? The current process of federal disbursements is not transparent. In fact the process has been described as one designed to “provide an ironclad secrecy curtain around how much [the Fed} spends and where the money goes.”

Why is the Canadian government turning to the very firm that emerged as Wall Street’s main fixer and winner in the 2008 bailouts? Why is Justin Trudeau looking to BlackRock to respond to the Canadian aspects of the 2020 economic crash?

Justin Trudeau seems unwilling or unable to provide a coherent answer to this question and others requiring thoughtful replies rather than barrages of platitudes. Why is Justin Trudeau instituting what Joyce Nelson has characterized as a “new feudalism” in Canada’s economic policies?

Any decent effort of response on Trudeau’s part would have to make some reference to the background of the current debacle. There would have to be some acknowledgment that between 1934 and 1974 the Canada government did not build up any significant national debt. Then, between 1974 and 2020, the national debt of Canada skyrocketed from $22 billion to $700 billion.

Why was such a good and sustainable use of the Bank of Canada put aside, one that contributed magnificently to the health and wellbeing of the Canadian people as well as the Canadian federation? Who lost out? Who gained besides the international bankers?

The incomprehensible abandonment of a winning formula for Canadian development by Prime Minister Pierre Trudeau puts a special onus on his son, Canada’s current PM, to explain the incredibly costly mistake of his father. Why won’t Justin Trudeau fix the mistake of his father and restore the Bank of Canada to its former role in Canadian nation building?

There has never been a full and satisfactory explanation of what really happened in 1974 to persuade Pierre Trudeau to throw aside the means of developing infrastructure with resources generated internally within Canada. Trudeau Senior’s decision to stop building up Canada through the operation of the Canadian people’s own national bank was not debated in Parliament. The option was never part of an election platform let alone the subject of a national referendum.

Apparently the Swiss-based Bank of International Settlements, which is often referred to as the central bank for central bankers, had some role in Pierre Trudeau’s decision to cease using the Bank of Canada’s powers to generate near-debt-free Canadian currency.

Government as a Means of Escaping Debt Entrapment

That powers of debt-lite money creation invested by Parliament in the Bank of Canada have never been formally withdrawn. The Bank of Canada could still revert back to the direct creation of Canadian currency to be spent into an economy of national recovery; to be spent in investments in infrastructure as well as in cultivating and applying the creative skills of the Canadian people.

Between 2011 and 2017 a court case was brought against the government of Canada with the aim of restoring the Bank of Canada to its former role. As Rocco Galati, the lawyer for the Committee on Monetary and Economic Reform (COMER) explained  “Not only has the government abandoned its constitutional duty to govern, but it has transferred it to international private banks which corresponds to an abandonment of its sovereignty.”

After some significant rulings and contentious appeals, the COMER case came to an end without delivering results that its plaintiffs sought. But the court case helped to put a spotlight on the potential of the Bank of Canada. If properly utilized, this institution could provide a model corrective to the subordination of governance to the international Lords of Debt Explotation and their minions.

This process of politicizing the role of the Bank of Canada should extend to a process of calling out Justin Trudeau’s current approach to selling off key components of Canada’s infrastructure.

This topic came up in private discussions between Larry Fink and Justin Trudeau at the World Economic Forum in Davos in January of 2016. Fink apparently got Trudeau interested in attracting private investors to the project of improving or building Canadian infrastructure projects like roads, high-speed trains, airports and such. This kind of approach to developing infrastructure projects runs counter to the role once played by the Bank of Canada in incorporating self-sufficiency into the process of national building.

The dangers and opportunities in this time of manufactured crises are indeed unprecedented.  Instead of rejecting the Davos crowd’s preoccupation with a giant reset, why not embrace the concept? Why not treat this moment as an opening to reset the global economy in a way that would restore the Bank of Canada to some of its former functions. Why not highlight this return to the sovereign embrace of benevolent nation building as an example for the rest of the world?

Why not reconstitute the worldwide structures of the international system of economic relations to restore elected governments to the functions that have been pre-empted by unaccountable institutions like the US Federal Reserve or the Bank for International Settlements? Why not renew the model of banking as an exercise and expression of national sovereignty and the self-determination of peoples in a dynamic global arena of rules-based economic interaction?

Why not withdraw the power from private bankers to create national currencies? Why not follow the advice of the deceased Abraham Lincoln by restoring “the greatest of all creative possibilities available to governments,” namely their power to issue money and set interest rates. The restoration of economic power to governments and the people and peoples they represent would involve the infusion of life into conceptions of globalization very different than those used to justify the industrialization of China and the deindustrialization of North America.

By delegating to international organizations much of their capacity to influence the economic conditions affecting their own people, national legislatures have lost much of their capacity to provide responsible government. Governments thus weakened are not realistically in a position to derive their authority from the consent of the governed. When representative bodies cannot effectively express the right of their constituents to collective self-determination in economic realm, what legitimacy is left to the institution of representative government?

This strange moment puts humanity face to face with much that is novel and unprecedented and much that is old and integral to the history of human interaction. The economic dimensions of this crisis constitute its most devastating and far-reaching attribute. The supposed remedy being rushed into operation is to flood large quantities of debt-laden loans into existence and for governments to distribute the borrowed funds to individuals, businesses, and organizations as they see fit.

Once again, vast quantities of debt-laden money are being created without the informed consent of those on whose shoulders the vastly increased loads of debt are falling. Once again governments are rewarding political friends and punishing political enemies by means of the way the new funds are being apportioned.

Decisions are pushed forward that emanate not from citizen constituents but from cabals of supranational connivers actively engaged in wrecking what little remains of responsible government. As governments lose legitimacy by engaging in collusion with corrupt cronies and international crime syndicates they must depend more and more on police state thuggery to enforce some semblance of order.

This process is going forward in spite of the fact that alternative means exist to create as much new money as is required without having to pay large amounts of compound interest to private bankers. Every sovereign government has the capacity to generate new money by following the model of the Bank of Canada between 1938 and 1974.

There is an especially urgent need at this time for some serious reckoning with the economic dimensions of the crisis before us. This reckoning will inevitably meet the resistance of extremely powerful interests who are deriving great benefits from the existing system. The process of privatizing the creation of money has enriched and empowered a clique whose institutionalized, deep-rooted and continuing kleptocracy was exposed in part by the bailout of 2008.

Why should we take for granted in 2020 that the best way to deal with the economic debacle put before us is to create new money by agreeing to go much deeper into a quagmire of debt entrapment. This debt trap, whose cumulative amount will soon be more that $300 trillion globally, creates gross liabilities in a trajectory of disadvantage that severely limits the life chances even of many generations still unborn.

The other side of debt is embodied in assets. Who gets the assets and who gets the liabilities that coalesce to form indebtedness? What is to be made of the role of birth or inheritance or race or natural ability or social connections in apportioning assets or imposing the enslavements of accumulated debt?

John Perkins addressed some of these issues in his Confessions of an Economic Hit Man and in a subsequent follow-up volume. Perkins chronicled how an inter-related complex of US institutions aligned themselves with his own greedy and unscrupulous interventions. The goal of their coordinated aggressions was aimed at imposing the enslavements of massive debt with compound interest. Their version of loan sharking is one of many manifestations expressing a very old and common phenomenon. It often happens that powerful interests parasitically exploit the weak to further enrich themselves.

This partnership between John Perkins and the kleptocratic agencies directed by the US government has long been drawing wealth from struggling countries by pushing them more deeply into national indebtedness. Once the governments of target countries succumbed to greater dependence on debt-based financing, the conditions were ripe to force officials into adopting policies of austerity that harmed local citizens in order to augment the assets of international investors.

Significantly the World Bank demonstrated how this coercion works in the context of the current economic crisis. The World Bank attempted to impose conditions on a loan of $940 million to Belarus because the WB wanted Belarus to conform to the lockdowns that are a primary cause of the current manufactured crisis.

As revealed by the Belarus’s President, Alexander Lukashenko, the World Bank wanted his country to adopt the full set of COVID-19 measures that had been implemented by the Italian government. Lukashenko said no to the loan. He refused to accept the conditions and carried on the established policies of Belarus, a country that has “not implemented strict coronavirus containment measures.”

Lukashenko is far from alone in his contempt for the manipulative tactics of the apparatus promoting the manufactured crisis. For instance Tanzanian President, John Magufuli, tested the accuracy of the testing procedures being forced on his country by the World Health Organization. President and Medical Doctor Mugufi included in the samples submitted to the testing agency some tissue of a goat and a papaya. Both the goat and the papaya tested positive for COVID-19, an outcome he publicized before ordering the WHO group to leave his country.

The Political Economy of Usury From the Middle Ages to the Era of Social Credit and Ezra Pound

We cannot assess the division of humanity between a massive group of debtors and a much smaller group of creditors without touching on the issue of usury. The subject of usury, the lending of money with the addition of interest payments, has been an extremely contentious issue throughout much of human history.

There were prohibitions against usury in ancient Greece, ancient India and the Roman Empire. Throughout much of the last thousand years usury has been regarded as a sin outlawed in the Bible, the Torah and the Koran. At different times in history the Roman Catholic Church has been an especially zealous opponent of some forms of usury.

Considering the nature of our current predicaments including obscene levels of economic inequality, usury might yet again arouse contentions. Some of the core ethical issues raised by the resort to usury remain unresolved. How is it ethical, for instance, to subject disinherited children in poor countries to the indignities of deepened poverty so that rich folks in rich parts of the world can reap larger dividends?

Beginning in the Middle Ages, forms of usury began to show up first in the Italian city states and in the towns of the Franco-Flemish realm. The act of loaning money with interest gradually spread throughout Europe. In some predominately-Muslim jurisdictions, the concept conveyed in the Arabic term, “riba,” approximated the idea of usury or interest. Over time various versions of riba have affected Muslim banking practices.

Often there were prohibitions preventing Jews from demanding interest on loans made to other Jews. There were many Talmudic teachings, however, permitting interest to be collected from gentiles when they borrowed money from Jews. Many accounts of Jewish efforts to break down prohibitions on usury highlight obstacles preventing Jews from pursuing other lines of work. The case is made that the pull of some Jews into banking came about in part because of their exclusion from other occupations.

Whatever the case, the obstacles to usury continued to be lessened including through the changes to Biblical interpretation that came with the Protestant Reformation. Even in the twentieth century, however, usury continued to arouse criticism and distrust. Ezra Pound was one of those who became very outspoken when it came to problems with usury.

The modernist poet and scholar, Ezra Pound, was one of the most influential literary figures of the twentieth century. The importance of his work was expressed not only in his own literary efforts but also in his contributions to other authors in his circle of friends and colleagues.

Pound’s outspoken criticism of usury formed part of the discourse that was integral to the political movements seeking economic reform. The creation and successful nationalization of the Bank of Canada was one of the outgrowths of the concerted quest to give substance to economic institutions that would more effectively serve human needs.

The creation of the Bank of Canada drew on the ideas of Abraham Lincoln and also on those of many other theorists including Major C.H. Douglas. While Major Douglas and John Maynard Keynes each denounced one another’s work, both sought to stimulate economic activity by expanding the supply and distribution of money.  Major Douglas’ vision of Social Credit, one that Pound enthusiastically embraced, sought to bring about greater harmony and equilibrium between the forces of production and consumption.

A biographer of Pound has explained that this formidable literary figure believed “there was the prospect of building a Social Credit society where money served the consumer and served the producer.”  As Pound pictured it, “the middle men” seeking usurious, interest bearing profit” to be collected “without work or prior motivation, could be cut out.” During the Depression the hope of prosperity through the application of Social Credit principles was seized upon by many. One of them was an evangelical preacher in the Canadian province of Alberta.

Largely as a result of the popularity he gained by incorporating Major Douglas’ analysis of Social Credit into his Sunday afternoon Christian radio broadcast, “Bible Bill” Aberhart became the Premier of Alberta. His Social Credit Party gained 56 of 63 seats in the Alberta Legislature. The Social Credit Party continued in power until 1971.

The Social Credit preoccupation with bringing about changes in the relationship of citizens to financial institutions helped add to the discourse from which the Bank of Canada emerged as a dynamic instrument of nation building.

The enthusiasm was well placed of those who threw their lot in with the movement to create and enlivened the Bank of Canada. The generations that put their trust in this federal financial institution had the satisfaction of knowing that their taxes were not devoured to pay big amounts of interest to private bankers in the style that presently prevails almost everywhere.

Like his good friend and colleague, Ernest Hemingway, Pound was a devotee of clear, terse and succinct prose.

This characteristic of his writing comes through strongly in his harsh condemnations of usury. “Usury is the cancer of the world,” Pound wrote. He explained, “Until you know who has lent to whom, you know nothing of politics, you know nothing whatever of history, you know nothing of international wrangles.”

Ezra Pound was born in Idaho but was attracted to Italy throughout long periods of his life. In Italy he lionized its fascist leader, Benito Mussolini. He embraced the Axis side in World War II developing close relations with the British fascist leader, Oswald Mosley. Pound threw himself into the contest producing a torrent of radio broadcasts seeking to win over English-speaking converts to the Axis side. These broadcasts are today widely described as war propaganda.

Pound was indicted in the United States in 1943 and arrested at the war’s end by the US Armed Forces in Italy. After being jailed in Pisa, Pound was charged with treason. Then Pound was diagnosed as being mentally unfit to face charges.

The finding that he was mentally ill caused Pound to be locked up as a patient in St. Elizabeth’s Hospital in the Washington DC area for the next 13 years. In spite of his severe prejudices against Jewish bankers and his active embrace of fascism during the war years, Pound continued to carry on very lively interactions with his formidable circle of poets, essayists and novelists.

Pound’s circle included James Joyce, Ernest Hemingway, and T.S. Eliot. All these writers wrote works that won a Nobel Prize for Literature. These and many other authors benefited from Pound’s encouragement and mentorship. In 1948 Eustace Mullins joined Pound’s circle. Mullins was introduced to the famous poet and scholar through Pound’s wife, Dorothy Shakespeare,

When he first met Pound, Mullins was an art school student and a veteran of the US Air Force. He had already published some short pieces in the British journal, Social Creditor. Mullins remembered Pound’s place of forced residence as “a hideous, urine-soaked madhouse in Washington D.C.” As their visits became increasingly regular, Pound encouraged Mullins to conduct research into the history and activities of the Federal Reserve.

When Pound proposed the idea Mullins was unaware of the existence of the Federal Reserve. Nevertheless, Mullins threw himself into the project that he supported by combining his research with work as a book stacker at the Library of Congress. At the Library he befriended George Stimpson who was well known among Washington journalists and government officials for his wealth of knowledge and his ability to locate relevant research materials.

Stimpson happily worked with Mullins. He helped the aspiring author by guiding him into the primary and secondary literature illuminating many facets of the Federal Reserve’s history

Eustace Mullins Explores the Secrets of the Federal Reserve

An initial edition of the volume appeared in 1952 as Mullins on the Federal Reserve. Another edition with added information was published in 1954. The text has been republished many times, sometimes in different editions under the title Secrets of the Federal Reserve. The text is organized around both thematic and chronological facets.

Mullins lays out the history of the Federal Reserve with considerable attention to the institution’s roots and origins. The author emphasizes several strands of continuity showing the links of the Federal Reserve to the banking establishments of Europe but especially those of Great Britain and Germany.

Mullins characterizes the Federal Reserve as the most powerful institution in the United States whose influence grew so that “it gradually superseded the popular elected government of the United States.” The power of the Fed and its core facet, the Federal Reserve Bank of New York, is said to have become so formidable because the agency operates in secrecy without any genuine form of accountability to any public institution. The NY Fed combines the power of secrecy with the enormous power to create new currency and to set interest rates becoming in the process “the most gigantic trust on earth.”

Mullins makes the case that the financial district known as the City of London exercised enormous influence over the activities of the Federal Reserve and many of the large Wall Street banks. Mullins wrote, “London is the world’s financial centre, because it commands enormous sums of capital created at its command by the Federal Reserve Board of the United States.”

Mullins is conscientious in presenting many citations to back up his observations and interpretations. He cites, for instance the New York Times on January of 1920 where it states, “The Federal Reserve is a fount of credit not capital.” The manipulation of credit, however, can greatly affect the industrial economy by affecting the ability of manufacturers and farmers to produce.

Mullins emphasizes throughout the text how events are often engineered to strengthen the hand of the Lords of Credit in the matrix of society’s operations. In referring, for instance, to a secret banker’s plan to crash the stock market in 1929, Mullins expressed a view that could as easily describe the growing suspicion in 2020. Could it be that the lockdowns of businesses and workers were purposely engineered to strengthen the hands of the Lords of Credit whose main platform is the Federal Reserve Bank of New York?

Mullins explains that sometimes “bankers paralyse the industrial energies of the country” in order to highlight and strengthen “their tremendous powers” over the financial and business organization of the American economy. Mullins’ observation that “panic is an instrument of [financial] power” is another statement with obvious relevance to the current crisis.

As have many authors since, Mullins emphasizes the importance of a top-secret meeting on Jekyll Island in the state of Georgia in 1910. At this meeting Paul Warburg essentially took the intellectual lead in creating a plan for a Central Bank in the United States. Such an institution was long contemplated and promoted but it had been stopped repeatedly, most famously be Andrew Jackson. Jackson’s political career culminated in his winning the US presidency between 1829 and 1837.

Warburg left his family banking business in Hamburg Germany in 1902. He joined the Wall Street Office of Kuhn Loeb, a Wall Street House that helped finance the Bolshevik Revolution in Russia. Mullins devotes much effort to describing the complex of alliances and rivalries that characterized banking before and after the founding of the Fed.

Weaving throughout these networks of financial activity were the banking operations of the Rothschild family. Mullins leaves no doubt that the operations of the Rothschild family of bankers were extensive, elaborate and very influential.

In the nineteenth century the Rothschild banking establishment gradually wove its operations into those of large segments of Europe’s royal and aristocratic establishments. Mullins emphasizes the genesis of the close business relationship between the Rothschild banking clan and a London-based US company, George Peabody and Company.

Peabody’s bank was passed on to a father and son team, Junius Spencer Morgan and John Pierpont Morgan. In the days of the Fed’s founding and even today, the name of J.P. Morgan is synonymous with New York banking. Mullins explains how the Rothschild bankers kept a fairly low profile in New York by conducting much of their American business largely through the financial organizations associated with the name and reputation of J.P. Morgan.

Mullins outlines the role of the Federal Reserve in the funding of two world wars. Many of the topics covered in Secrets of the Federal Reserve were later pursued in much more detail in the prolific writings of Antony C. Sutton.

Most of Sutton’s volumes describe the role of Wall Street in helping to bring about many of world history’s major turning points during the twentieth century. These turning points include Wall Street’s funding of the rise of the National Socialist government in Germany in the 1930s and the role of Wall Street in financing the Bolshevik Revolution and the business activities of the Soviet Union.

The capacity of the New York Bank of the Federal Reserve to create vast quantities of credit to finance wars, often with the same bankers funding competing sides in conflicts, provided the key to the creation of huge fortunes. The funding of both sides in war can be seen as an early form of hedging one’s bets. This kind of high impact intervention through banking sometimes created huge leverage for a very small number of people to steer history towards preconceived destinations.

As Mullins explains it, the Federal Reserve was founded in extreme secrecy and often employs deceptive tactics to misrepresent its true nature. As Mullins sees it, for instance, the creation of the twelve regional banks was a ploy to gain political acceptance for the Central Bank’s core entity, the Federal Reserve Bank of New York. Mullins explains, “the other eleven banks were so many expensive mausoleums erected to salve local pride and quell the Jacksonian fears of the hinterland.”

The ability of Wall Street bankers to invoke the credit creating powers of the New York Fed forms a key aspect of the frequent military adventurism of the US government. This military adventurism continued full force even after the United States became the world’s largest debtor nation after 1990. How large has been the role of the US Fed in building up the US national debt together with the tens of trillions missing from the books of the US Defense Department?

The Israel Lobby and the Federal Reserve

Much of the military adventurism of the United States especially after 9/11 was directed into invasions of Muslim-majority countries that threaten a particular view of Israel as a dominant power in its region and in the world. Why would it be that the Federal Reserve is any less involved in creating the available credit for the waging of wars in the twenty-first century than it was in creating the wars of the twentieth century?

In his authorship of The Secrets of the Federal Reserve, Mullins seems largely oblivious to the role in world history of Zionism and the genesis of Israel. His main attention lay elsewhere. As I read his text, he accurately conveyed how the large Jewish influence in the banking institution of Europe, including the influence of the Rothschild consortium, was extended into Wall Street including the Federal Reserve.

While Mullins does not shy aware from dealing with the Jewish component of the story he set out to tell, I don’t think he belabours this subject or becomes aggressively polemical about it. Certainly the same cannot be said of some of his critics whose condemnations of Mullins can sometimes be extremely polemical.

Mullins might have made more of the identity politics prevailing throughout the twentieth century. The sensibilities of the dominant Christian constituency in the United States probably influenced the decisions of many customers shopping for banking services. Quite likely some of them would have been more comfortable dealing with firms identified with names like J.P. Morgan, Rockefeller and Mellon rather than Warburg, Greenspan or Fink. Times, however, have changed.

Some of the more severe prejudices seem to have subsided around the time that Sandy Weill combined his Travellers Insurance Company with Citicorp to create Citigroup. This merger helped create the political momentum leading to the elimination of the Glass-Steagall Act in 1999. With Glass-Steagall’s elimination, Citigroup tried to become a giant department store of varied financial services. In its inner sanctums, however, Citigroup developed a preoccupation with derivatives that continues yet.

In the twenty-first century it happened that some of the cosmetic overlays were removed that had previously been imposed to disguise the large representation of Jews in Wall Street banking, including in the Federal Reserve Bank of New York. For good or bad, usury has become a core features of how the contemporary world is organized. Some reckoning with the ethnic inheritances attending usury are therefore inescapable, especially when dealing with the some of the most dramatic displays of usury on steroids in Wall Street institutions.

Where I see the need to draw a line in the sand is not on the question of the ethnicity of Wall Street personnel. Rather this line in the sand involves the question of how power is used or abused at the domineering heights of our financial institutions. Generally speaking it is not a justifiable use of the Federal Reserve to produce credit that enables the waging of wars that are offensive rather than defensive in character.

The waging of war has long been one of the big bonanzas producing major windfalls for international bankers. In the twenty-first century so many of the wars involve the flexing of military might by the United States to advance the expansionary designs of the Israeli state. The US Federal Reserve has been part of the process of creating what some would consider wars for Israel in Iraq, Syria, Yemen and Iran.

Why are the money-generating powers of the secretive Federal Reserve being invoked to help fund wars for Israel and also to help shape public opinion to accept the US role in these wars of aggression. Especially sensitive is the further indebting of the American people to subsidize the production of propaganda aimed at persuading them to back wars for Israel. This propaganda is deemed necessary to deflate opposition to Israel’s actions including the ruthless dehumanizing treatment of Palestinian Arabs.

We have seen that the Federal Reserve Bank of New York was deeply engaged in 2008 in transferring tens of trillions into the coffers of its own member institutions and counterparties. What uses were made of this bailout produced through a dubious process of legalized financial larceny?

One way or another the Israel Lobby must be a prime beneficiary of the machinations of Wall Street and its money spigot, the Federal Reserve Bank of New York. This pattern of priority can easily be related to US federal funding of the Israel project as a higher priority in federal budgeting than even the basic needs of the domestic population of the United States. Black Lives Do Matter but why is it that the lives of Israel First Partisans seem to matter more than any other group?

This Israel Lobby has the power to prevent any critic of Israeli policies from gaining the nomination of a major US party to run for US president. The result is that, in election after election, Americans are offered a very limited choice between competitors who are equally supportive of Israel.

The Israel Lobby can intervene to prevent the leadership of opposition parties from adopting policies that emphasize equity in Israel-Palestinian relations. Through its campaign contributions, the Israel Lobby dominates the process of choosing and electing representatives in Congress. How much does it cost to buy the political obedience of most federal politicians? How much does it cost to replicate this feat in the state legislatures and even municipal governments?

Through the ownership and/or control of major media outlets, the Israel Lobby exerts major influence in determining the main outlines of much public discourse when it comes to US-Israeli relations and many related subjects. How could one calculate the amount of money it took to achieve this feat? How much of this money is directed into payments for compliance, in other words, bribery? In the post-Epstein era what is the role of bribery’s criminal cousin, namely backmail?

The Israel Lobby is deeply engaged with other lobbies in transforming the Internet from an open forum of public interaction and debate into a centrally controlled propaganda instrument. Prominent among the Internet’s most aggressive censors and thought police are Google, You Tube, Facebook, Twitter and the Anti-Defamation League of B’nai B’rith.

Through all kinds of interventions the Israel Lobby asserts significant forms of control over a broad array of institutions and operations including those of the judiciary, the universities, book publishing, magazine publishing, municipal governments, trade unions and cultural groups. The biggest and most influential cultural group of all is the Hollywood film industry. Not surprisingly there is little in its cinematic output that provides critical perspectives on Zionism and its emanations.

The injection of huge amounts of money are essential to the exercise of so much concerted influence over such a broad sweep of political, intellectual and cultural organizations. Where do the large quantities of money supporting the activities the Israel project come from? Why is it that so many of agencies of the Israel Lobby have the status of charitable organizations with the capacity to extend tax write-offs to donors? What is the relationship of the Israel Lobby to Wall Street and the Federal Reserve Bank of New York?

Even the act of asking such questions will be seen by some as heretical. There is, however, nothing wrong with looking into issues that have so much impact on the quality of our political discourse… so much impact on our capacity to live together with the civility and security we have been losing so quickly with the imposition of the economically crippling lockdowns.

It is no less legitimate to ask questions about the ethnic identity of those who benefit most from the US economy than it is to ask questions about what groups suffer the most from the deprivations of poverty. Wouldn’t it make sense to try to moderate the disparities beginning with processes of research and discussion?

In a book of the same name, former ADL Executive Director, Abe Foxman, has opened the discussion of Jews and Money. Foxman effectively counters the view that all Jews are rich. Foxman, of course, is correct in this assertion. All Jews are not rich. Some are outright poor. A fairly large number of Jews, however, are somewhat rich and a small minority of Jews are disproportionately invested with wealth and power. Jews are especially well represented in the billionaires club both within the United States and internationally.

Some of the wealthiest Jews are part of the Wall Street establishment including the Federal Reserve Bank of New York. Perhaps the time has come to begin retiring this, “the most gigantic trust on earth.” Perhaps it is time to retire some of the debt created over more than a century of putting private bankers in charge of dictating interest rates as well as creating debt-laden dollars. Perhaps the time has come to lessen the debt burden that is narrowing the life chances of so many people who have been funding the wars for Israel mounted in the wake of the 9/11 deception.

The severity of the crisis before us compel all thoughtful people of conscience to look beyond the redeployment of old institutions and old remedies for old problems that are different from the challenges facing us now. One of the most obvious ways to avert further calamity is to move away altogether from the empowerment of private bankers to massively expand national debts with compound interest charged to tax payers.

The alternative to this approach is to change the present means of creating new money. The creation of many banking systems similar to that of the Bank of Canada should be considered in the quest for the main ingredients of a global reset. The Bank of Canada brought about an almost-debt-free run of prodigious nation building before Pierre Trudeau bent the policies of his government to meet the impositions of the Bank of International Settlements.

Serbia Protest Explosion – Vučić Caught Between Coronavirus and Color Revolution

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Serbia Protest Explosion – President Vučić Caught Between ...

Joaquin Flores July 10, 2020

On the evenings of July 7th and 9th, a wave of unrest swept through several Serbian cities – chiefly Belgrade – in opposition to an announcement from Vučić that Belgrade would return to the government mandated coronavirus quarantine lockdowns.

Largely the protests were peaceful if energetic, with the vast majority of protesters of all ages and walks of life observing norms and voicing their opposition to the announcement that quarantine would return. Many of those protesting were not anti-Vučić per se, and their issues were not political in the electoral sense, but opposed the return to lockdowns which seem arbitrary and capricious at this point.

Vučić Responds Reasonably to Peaceful Protesters

In response to the protests, the Serbian government heard and understood the nature of the grievances, and did something quite rational – in a statement aired on live television, Vučić rescinded the return to quarantine order, which was otherwise to go into effect on the weekend of July 10th.

Because the government could not be seen as bending to opposition politics, and in part because it is also true, government talking points have stressed a difference between the peaceful protesters and the breakaway group of violent and radical opposition.

Additionally fueling the Belgrade and Novi Sad protests in Serbia were mixed grievances, which when unraveled are actually distinctly at odds with each other.

On the one hand is the criticism from the ultra nationalist right that the government used a more or less fake coronavirus as a pretext to move back the election date from April 26th to June 21st, and the social distancing provisions in place which precluded large rallies and gatherings as part of the campaigns.

Meanwhile, other grievances mostly from the Europhile liberal left criticized government for precisely the opposite – lifting quarantine lockdowns prematurely just in order to have an election – despite that elections were delayed already once until the coronavirus curve was ‘flattened’.

The opposition, whether liberal or nationalist, relies on such campaign rallies as well as U.S. deep-state controlled social media to promote their ideas and work. This is because local media – they claim with some justification – is overly sympathetic to the ruling party and Vučić.

Violence Erupts in Belgrade and Novi Sad

A more radicalized and younger break-away group of protesters took their grievances to the parliament building in Belgrade itself. This group was more ideological, composed of opposition parties, and always engage in protests against the government regardless of the cause. By the numbers, the most serious incidents occurred in Belgrade, about 20 police officers and 17 radical demonstrators had injuries, according Politika. Giving context, Serbia has an extraordinarily high youth unemployment rate, and many look for opportunities in other countries in order to realize their aims in life.

Clashes between the break-away protest led by the U.S. deep state-backed opposition and police began after 8pm in the capital, when this part of the demonstration broke through the fence in front of parliament. The more radical group there threw stones, bottles, bricks and firecrackers into the police line, to which law enforcement officers responded with at least 20 canisters of tear gas, according to opposition press releases. The cavalry and special force of the gendarmerie in full riot gear were called in to defend the parliament from further vandalism and fire.

The radical contingent continued stoning police in the central streets, where they were pushed away from the rest of the peaceful assembly. By 11:30 p.m., the main bulk of the peaceful protest eventually petered out and street cleaners began their work.

The Serbia case of the coronavirus response and the new Covid political reality is so revealing of the entire global situation, because all of the factors and international players involved in this bizarre new reality, are all present in Serbia.

Therefore to understand the Serbian situation is not only to understand the plandemic at hand, but is also to understand the balance of geopolitical forces in the Balkans and indeed the world, and to understand the theory and practice of the Color Revolution and how it combines with the newly implemented social control mechanism of the ‘plandemic’.

If at face value we accept the uncritical narrative on coronavirus, and do not know about Color Revolutions or the ‘plandemic’, then we arrive at the view that the protesters are out of their minds and have fallen victim to right-wing ‘fake news’, are ‘Covid deniers’, and that the government has handled this following long-established procedures and relatively sound recommendations.

But once we peel back a layer – the plandemic/scamdemic layer – we reveal that the government may indeed be manipulating the data towards political ends, because this is what we’ve already seen in nearly every country to-date. Now the position of the protesters makes sense, and these mirror the anti-lockdown protests that we’ve seen in the U.S. From this, we would arrive at the view that the Serbian government is ‘on-board’ with the so-called ‘scamdemic’, and naturally there would be well founded sympathies with the protests and even with the joint opposition.

The problem is that there is still yet another layer to peel back – the Color Revolution. The ugly truth is that the same globalist forces that have manufactured this plandemic are those who are also trying to mobilize a Color Revolution against Vučić’s Serbian government.

And now we can see Vučić sandwiched between Color Revolution and the Covid-19 plandemic.

For Vučić to deny the plandemic only further enforces a western trope that Serbia is some pariah state, and opens him up to the same universe of conspiracy and intrigue that hit Trump last Winter when he said that aspects of coronavirus was a ‘hoax’.

Because Serbia is a small country with perhaps a third-tier level of sovereignty, condemnation from the WHO would open it up to all kinds of economic attacks from the western international community. The simulacrum of the virus and the possibility of Vučić not responding, could create the possibility for a U.S. backed military coup combined with color revolution, with leading generals asserting that Vučić has disregarded the public health.

To go full bore on never-ending quarantine and social distancing on the other hand, as seen in places like Los Angeles, would open him up to criticism that he’s using the quarantine as a mechanism to suppress dissent, and would result in color revolutionary protests without end, against the lockdown – like what we saw in early-mid July in Belgrade, but on steroids.

What makes the Serbian government of Vučić credible is that it represents an amalgam of the median and average political views of the people, and whatever people believe about various anti-Vučić conspiracies (freemasonry, globalism, Russian agent, German agent, etc.), efforts to overthrow Vučić cannot have the veneer of public support without uniting the two extreme and incompatible ends of the very same political spectrum that situates Vučić as representing those median and average views. Again, that is the primary contradiction of the Color Revolution against Vučić and part of why, so far, it has entirely failed.

Indeed, Vučić rescinding the proposed quarantine for the weekend of July 10th is an example of Vučić’s basic policy of placing himself in line somewhere between the median view and the average view of Serbians. In so doing, he has taken the wind out of any hope for a coherent opposition talking point.

This dynamic of the opposition’s composition is distinct from Ukraine, for example, because both nationalism and liberalism in Ukraine was anti-Russian, but nationalism in Serbia is pro-Russian. This made the Maidan in Kiev, a Color Revolution, possible to pull-off.

This looks like a mess, doesn’t it? And subsequently, opposition talking points have equally been a mess, to the point of blatant contradictions and an insistence on incoherence.

The Incoherence of the Serbian Opposition

In general this incoherence is because the opposition itself is composed of two contradictory forces – the ultra nationalist right and the Europhile liberal left – which have merely been artificially cobbled together by the U.S. deep state, and its agents like Srdja Popovic and promoted by self-confessed CIA asset and publicist, Djordje Vukadinovic.

That same liberal+nationalist joint opposition tactic for the Color Revolution is exactly what was seen in the Maidan in Kiev. This is the playbook for Gladio B operations in former socialist states of Eastern Europe and the Balkans to make a Color Revolution. A Color Revolution is not possible without uniting these contradictory forces behind a counter-rational narrative which by default must be steeped in emotion-driven beliefs and decision making. Because an analytic or coherent view would see that in terms of policy and worldview, Vučić is ‘the middle-position’ compromise candidate between nationalist and liberal forces.

In other words, the liberal opposition and the nationalist opposition share more with the very same Vučić whom they oppose than they do with each other. That is why fomenting the irrational cult of Vučić hate is the primary ‘solution’ out of this logical quagmire.

By making elections a ‘referendum on Vučić’, then Vučić loses. But elections are not referendums, they are choices – and in elections it is a choice between Vučić and someone else. In the 2017 election, that someone else was Vuk Jeremic, a long-time U.S. asset and agent in the Balkans, whose campaign was publicly endorsed by the U.S. State Department, with components of it run out of the U.S. embassy in Belgrade itself.

This is also why opposition driven anti-Vučić criticisms on coronavirus handling are equally irrational and incoherent. The Europhile liberal left accuses Vučić of not doing enough, of lying about the health system’s equipment and preparedness, and for – yes wait for it – holding elections when it was unsafe to do so (!).

They cannot, however draw the natural conclusion from that line of thinking, that elections therefore should have been delayed further or even cancelled. Vučić is required by the constitution to carry out the election, and he had to fulfill that requirement. Following the coronavirus logic, the end of June with its bright sunlight and a flattened curve, was much more prudent than April.

So here the liberal left attacks Vučić for not doing enough and lying about coronavirus fatalities in terms of under-representing deathsto stage an election at the expense of public health. And yet they cannot take that line of attack to its logical conclusion, because it stands at odds with the view of the ultra-nationalist right, that the coronavirus is a fake virus, and so they must fall back on the cult of Vučić hate which has always been about Vučić as some totalitarian dictator. In the totalitarian dictatorship of Vučić, opposition parties are fully represented in parliament by proportional representation, the country functions as a social democracy, and people are free to criticize Vučić and call him a dictator – all proofs that it is not the case.

Indeed, the nationalist right accuses Vučić of precisely the opposite – that he is part of this globalist scamdemic, and is over-representing coronavirus fatalities and that there should have been no quarantine, no lockdown, no social distancing, and that implementing all of these was done because he’s part of the globalist cabal, and in order to make it nearly impossible to organize a strong opposition influence in the elections against him.

The view of the nationalist right, in the case of the charge of over-representing fatalities, is probably much closer to the truth – and if the whole story were confined to the above, it would be true. And yet Serbia’s overall fatality rate has been significantly lower than in places like Italy, lending superficial credence to liberal accusations that fatalities have been under-represented in national statistics at Vučić’s behest.

That is why the final layer we peel back, the Color Revolution, puts all pieces together and makes sense out of what is otherwise senseless

The Color Revolution was first successfully pulled off precisely in Serbia, when it was still the central state of Yugoslavia. It was connected to a whole NATO war of aggression on Yugoslavia and Serbia. Among their chief in-country stooges at the time, was Popovic, who for his part is a student of Gene Sharp and an employee of George Soros and has organized and advised the CANVAS/OTPOR type operations which led the Color Revolutions in Yugoslavia, Egypt, etc., and recently the BLM protests in the U.S..

President Vučić’s decrees on coronavirus quarantine and distancing, including lockdown – following the advice of Chinese and Russian advisors who were in-country through the Spring – were used to make the election campaign window even smaller, to the detriment of opposition parties.

Rightfully so, the opposition parties had seized upon that development to accuse the president of manipulating data, media, and policy surrounding the novel coronavirus. There is strong evidence to suggest this is the case, which in the bubble of opposition talking points naturally includes leaked memos and emails, and off-the-record statements from insiders. But outside of the standard talking points from the opposition, there is something qualitative to consider.

Once the initial springtime quarantine/lockdown was lifted and campaigning for the new election date began towards the pushed-back election, the number of supposed coronavirus deaths averaged less than one a day, according to published government health sector statistics.

After the elections, this number jumped to nearly a dozen a day for no apparent reason. And so when the government had announced a return to the quarantine regimen based on these admittedly suspicious numbers.

But after the elections is normally a time when opposition groups might stage the standard protests to mobilize their base and create some public pressure on appointments and policies as the new post-election government is to be formed. So the announcement from Vučić that numbers had suddenly spiked and now large gatherings would be illegal, was treated with due contempt.

However, Vučić was able to maneuver this, by separating the real demands of the protesters which are against Covid-19 lockdown, from the opposition which has no real clear unifying line on this.

Vučić rescinded the quarantine order and in so doing, agreed with the protesters. The radical opposition, however, which always attempts to create mayhem and hyperventilates every situation, has been once again out-flanked and marginalized. They are associated with the violence and with an irrational perspective.

Exposing the joint opposition incoherence is relatively simple. They are overtly lying to the world and to themselves, and in standard form of the Color Revolution, are misrepresenting the actual views of protesters which are almost always nuanced, and more rational when compared to the U.S. backed joint opposition which has only one goal – an overthrow of the government.

And so confronted once again with a messaging crisis, the opposition has resorted to the same old inane mantras suited for the outside world (in the English language), which do not resonate with the world the way they hope they will. The gem they have landed on, in the face of all evidence to the contrary is their standard trope, incessant as it is annoying, but moreover ‘not believable’ and so to that extent also useless:

And that final point is the evidence that Vučić maneuvered this successfully. The opposition returns to its mantra with no new ground made, with no growth, and no new-found credibility.

What most voters will remember is the violent aspects of the break-away protests as negative, and Vučić hearing the peaceful protestors and rescinding the quarantine order as positive.

VIDEO: The 2020 Economic Crisis. Global Poverty, Unemployment and Despair

Source

By Prof Michel Chossudovsky

Global Research, June 30, 2020

We are living one of the most serious crises in modern history. 

According to Michel Chossudovsky, the coronavirus pandemic is used as a pretext and a justification to close down the global economy, as a means to resolving a public health concern.  

A complex decision-making process is instrumental in the closing down of national economies Worldwide. We are led to believe that the lockdown is the solution.

Politicians and health officials in more than 150 countries obey orders emanating from higher authority.

In turn millions of people obey the orders of their governments without questioning the fact that closing down an economy is not the solution but in fact the cause of  global poverty and unemployment. 

What we are dealing with is a crime against humanity.

Fear, intimidation, media disinformation prevail. The Lie has become the Truth

This is an imperial project emanating from powerful economic interests.

A global fear campaign is sustained by the media. And now a so-called second wave is envisaged.

The social and economic impacts are beyond description.


FULL TRANSCRIPT

The 2020 Economic Crisis. Global Poverty, Unemployment and Despair
By Prof. Michel Chossudovsky

June 30, 2020

We are undoubtedly living (in) one of the most serious economic and social and crises in modern history. In some regards, we are living history and we are unable to comprehend the logic of the corona virus pandemic.

What is at stake is the pretext and the justification for closing down national economies worldwide based on a public health concern.

We have to understand the causalities. Closing down an economy, nationally and globally does NOT resolve the pandemic. In fact, it creates a situation of INSTITUTIONAL INSTABILITY.

It also results in massive unemployment, confinement of people in their homes, without employment, without food . . . That is what we’re living.

There is NO justification for closing down national economies based on a public health concern, which can be resolved, and SHOULD be resolved!

There is a very complex decision-making process, which has been PLANNED WELL IN ADVANCE. From ‘central authority’, governments are instructed to close down their economies and then, in turn, the governments instruct people to implement social engineering, not to meet, not to have family reunions . . .

And, essentially, what we do not understand, and which is fundamental, is that economic activity is the basis for the reproduction of real life. By that I mean, institutions, purchasing power of families, a whole series of activities, which have developed in the course of history – economic activity constitutes the foundation of all societies.

And what these measures have resulted in is a massive crisis, in which particularly small and medium sized enterprises are being precipitated into bankruptcy, millions of people have become unemployed, and in many countries this has resulted in mass poverty, famine, among certain groups of the population.

We have ample evidence to this effect and we have to understand that this process of closing down national economies is deliberate. IT’S A PLAN.

And, it’s co-ordinated with the financial crisis which took place in the month of February (2020), which led to massive collapse in banking institutions, stock markets and so on. Economists, conventional economists, have a tendency to say that there’s no relationship between the corona pandemic crisis and the financial crash in February. That is utterly mistaken. The fear campaign, the disinformation campaign, have facilitated the MANIPULATION OF STOCK MARKETS. And we’re (I’m) talking about the use of very sophisticated derivatives, speculative instruments and so on.

What is now happening is that governments have been indebted up to their ears. They’re paying out compensation to companies which have been affected; in some cases it’s generous bailouts, in other cases it’s part of a social safety net coming to the rescue of workers and small-scale enterprises.

And the next stage is the MOST SERIOUS DEBT CRISIS IN WORLD HISTORY. In other words, the levels of employment have crashed and companies are bankrupt. We will have a fiscal crisis of the state. In other words, a dramatic decline in (income) tax revenues due to the collapse in employment, and the  companies (which have not gone bankrupt) are going to deduct corporate losses, of course (on their tax statements). How will the governments around the world continue to govern, finance social programs and so on?

It will ultimately be through a gigantic global debt operation implemented both in the so-called ‘developed’ countries – e.g. Italy, France, United States, Canada – and in the developing countries where it will be more the international financial institutions, the World Bank, the IMF, the regional development banks.

Now, the problem of Western governments is that that debt is NOT REPAYABLE. The Italian government has issued bonds with the support of Goldman Sachs and so on; that was done a couple of months back. And what has happened? Italy’s debt is categorized (by Standard and Poor). . . these Italian bonds, are classified ‘BB’, which essentially means junk bond status. In other words, that means that an entire state apparatus is now in the hands of the creditors. And these creditors are the financial institutions, the banks and so on.

And the next stage is ultimately the confiscation of the State! THE STATE WILL BE PRIVATIZED. All the programs will be under the helm of the creditors. We can say, “Goodbye” to the welfare state in Western Europe. Why? Because the creditors will immediately, following what they did in Greece a few years back . . . they will immediately impose austerity measures, and the privatization of social programs, the privatization of anything that can be privatized – cities, land, public buildings.

And, in other words, we are living a very important evolution because the State, as we know it, will no longer exist. It will be run by private banking interests, who will . . . and they’re already doing that . . . APPOINT their governments, or their politicians, their corrupt politicians, and essentially they will take over the whole political landscape.

That is happening in a number of countries. And in some countries they have even instructed the governments NOT to debate (in parliament) the enormous debts which have been accumulated in the last few months as a result of the pandemic, which now are the object of financing by these powerful financial institutions. In Canada there was an agreement between Prime Minister Trudeau on the one hand and the leader of the opposition – NO DEBATE in parliament on $150 billion of debt, which then has to be covered through public debt operations and loans from financial institutions.

And essentially the scenario that we are living. . . which is unfolding is that, on the one hand, the real economy in the course of the last few months starting in March, well, in fact, starting in February with the stock market crash is in a state of crisis, production activity has been affected, trade has been affected. Millions and millions of people are going to be unemployed, without earnings, and it’s not only poverty – it’s poverty and despair. It’s the marginalization of large sectors of the world population from the labour market. There are figures on that, published by the ILO (International Labour Organization) that in fact, at this stage, it is premature to even start estimating these impacts.

We can look at it country by country. We can see, for instance, that in developing countries the informal sector, let’s say in India or in certain countries in Latin America, (such as) Peru, a large sector of the labour force is involved in what is called the ‘informal sector’; self-employed, small-scale industries and so on. Well, this has been COMPLETELY WIPED OUT and the people affected are left very often, homeless. The only choice they have is to do it to go back to their home villages and in the process they are the victims of famine and a situation of TOTAL MARGINALIZATION.

That is the scenario. It’s beyond global poverty. It’s mass unemployment. It is something which has been ENGINEERED, it’s not something which is accidental. And it’s certainly not something which has been used to resolve a global health crisis.

The global health crisis pertaining to covid has been MULTIPLIED. People have been confined, they have fallen sick, they have lost their jobs, and at the same time the whole health apparatus has been in crisis, unable to function.

What we have to understand is that this process HAS TO BE CONFRONTED! There has to be an organized opposition. This is a neo-liberal project! It’s neo-liberalism to the extreme.

Now, bear in mind that today, what we have, (is that) in some regards, the stock market crash used speculative instruments, insider trading, but also the fear campaign to implement what is THE MOST SIGNIFICANT TRANSFER OF WEALTH IN WORLD HISTORY! In other words, everybody loses money in the stock market crash and the money goes into the hands of, you know, a limited number of billionaires. And there have been estimates as to the enrichment of this class in the course of the last three months. I won’t get into details. So that, this, in a sense, this crisis of February, the stock market crisis, sets the stage for the lockdown.

And on (the topic of) the lockdown, we can call it by another name. The lockdown is the CLOSURE OF THE GLOBAL ECONOMY! It is an act which instructs national governments to close down their economy, and they obey! That’s what we call, ‘global governance’. But it’s an imperial project. They obey and they close down everything.

And then they they try to convince their citizens that this is all for a good cause, we are closing down the economy so that we can save lives due to covid-19. That is a very strong statement and at the same time the statistics on covid-19 are the source of manipulation.

I won’t get into that particular dimension but I can say in all certitude that the impact of this crisis is so dramatic, the economic crisis, that it DOESN’T COMPARE to the impact of covid-19, which, according even to people like Anthony Fauci, is comparable to the seasonal influenza. They’ve written that in their peer-reviewed articles.

What they say online, on CNN is a different matter. But they do not consider covid-19 as an ultimate danger of all dangers. It’s not. There are many other health pandemics affecting the world. That does not mean that we shouldn’t take it seriously but we should understand, it’s common sense, it’s not by closing down the global economy that you’re going to resolve this pandemic.

So somebody’s lying, somewhere. And in fact, the lies are ‘becoming the truth’, they’re becoming part of the ‘consensus’ and THAT IS EXTREMELY DANGEROUS.

Because when the lie becomes ‘the truth’, there’s no turning backwards.

And we notice how independent scientists, independent analysts, are being CENSORED,  that we have many doctors and nurses and scientists, virologists as well as economists who are speaking out. And you just have to look at the figures, the millions and millions of people who are unemployed as a result of this.

So, what we really need is a historical understanding of what’s going on, because closing down the economy through orders from ‘somewhere up there’ . . .

First of all, it’s DISTINCT FROM ANY PREVIOUS CRISIS. But secondly, we have to RESIST THAT MODEL. And it’s not by changing the paradigm, no. It’s a mass movement; it’s a mass movement against our governments, it’s a mass movement against the architects of this diabolical project . . .

And we can’t ask the Rockefellers, “Please lend us the money” to pay for our expenses, we have to do that on our own.

And that’s why all these NGOs, which are funded by corporate foundations Cannot  . . . I’m not saying . . . some of the things they do are fine but they cannot wage a campaign against those who are sponsoring them, that’s an impossibility.

So we have to implement a grassroots movement, nationally and internationally, to CONFRONT THIS DIABOLICAL PROJECT and to restore our national economies, our national institutions. And, to DENY THE LEGITIMACY OF THE DEBT PROJECT. And to investigate the elements of corruption which have led to this diabolical adventure, which is affecting humanity in its entirety.

This is a war against humanity, implemented through complex economic instruments.

Goodbye and we will continue our battle and our analysis to the best of our abilities at Global Research.

***

Our thanks to Chris Green for the Transcript of the above video.

CAPS indicate emphasis


The Globalization of Poverty and the New World OrderThe Globalization of Poverty: Deconstructing the New World Order

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Reviews:

“This concise, provocative book reveals the negative effects of imposed economic structural reform, privatization, deregulation and competition. It deserves to be read carefully and widely.”
– Choice, American Library Association (ALA)

“The current system, Chossudovsky argues, is one of capital creation through destruction. The author confronts head on the links between civil violence, social and environmental stress, with the modalities of market expansion.”
– Michele Stoddard, Covert Action Quarterly

CLICK HERE FOR A SPECIAL INSIDE LOOK AT THE PREFACE

Michel Chossudovsky is Professor of Economics at the University of Ottawa and Director of the Centre for Research on Globalization (CRG), which hosts the critically acclaimed website www.globalresearch.ca. He is a contributor to the Encyclopedia Britannica. His writings have been translated into more than 20 languages.

The original source of this article is Global

ResearchCopyright © Prof Michel Chossudovsky, Global Research, 2020

Trump’s only hope: buying re-election with populist jobless benefits

June 16, 2020

by Ramin Mazaheri for the Saker Blog

Trump’s only hope: buying re-election with populist jobless benefits

The US economy is in such a dire state (if we may temporarily put down the newly-discovered problem of racism in the Western hemisphere (except for Cuba)) that US voters are going to be happy to sell themselves to the highest bidder come November. It’s not like anyone could get genuinely excited by Joe Biden, after all.

Trump has a huge advantage over Biden in that he can distribute money to voters today and until October – but does he realise that’s the only way to win re-election during this economic catastrophe?

The idea that the US economy has somehow stabilised – or even yet seen the worst – from the shock of three months (and counting) of corona overreaction is totally irrational. You can’t even put it into a single headline: Over 44 million unemployed people doesn’t include the absurd new stock market bubble, the “we’re done holding on” looming wave of bankruptcies in small businesses, the demand shock which is still omnipresent and solidifying with each passing day, the total lack of a corona exit strategy after the West rushed into the Great Lockdown out of a competitive idiocy that “whatever China’s system can do, we can do better”, and on and on and on.

It is thus little wonder that Americans have recently latched on to the far easier to grasp issues of colour-based racism and police brutality (which are also neutered of economics & class). But US cops murder Blacks all the time and that isn’t going away soon, sadly, and neither is the corona economic catastrophe.

So unlike other re-election campaigns this isn’t going to be just another referendum on the incumbent, as Democrats desperately wanted: amid such economic devastation the past will remain in the past until the issue of paying the bills at the end of this month gets sorted first. Fin du mois (end of the month) is the battle cry of the Yellow Vests, after all….

In late May I wrote August 1: when the unemployment runs out and a new era of US labor battles begin to stress how the US 1% made a huge tactical error amid the corona hysteria by granting $1,000 per week in unemployment benefits: that is better wages for half of America’s incredibly hard-working, zero-benefit receiving labor force. The 1% foolishly showed their hand: they are flush – absolutely flush with decades of productivity-produced profits, QE, compound interest, unearned rents, etc. – and now it’s crystal clear to all that they have been holding out. Anyone who says that the US “can’t afford” to extend unemployment past August 1 obviously has no idea what they are talking about economically – only 30% of the 2020 CARES package went to individuals, whereas 45% went to bosses big (corporate) and small (the Small Business Administration). More importantly: that 30% was the first “people’s QE” ever, so the percentage of “bailout money” gone to individuals since 2008 is roughly just a few percent.

This, and not racism, is the actual psychological basis for the recent US rebellions and prolonged anger: Americans are instructed to first “think race”, so that is what they ran to protest first, but they will eventually reach this higher level of economic understanding. The cultural reality is that the average American has been denied economic understanding; that their media is forbidden to discuss it – how could they ever immediately talk about I discussed in that article? They can’t – not without some violent rebellion first.

When the economic reality of America’s hoarded wealth does get discussed in an election context it portends a sea change in US politics, and not just labor battles.

The corona overreaction has created a situation where socialist “reverse patronage” is finally coming to America, and I say “good”: the power to hold a political seat should absolutely be based on how much you give back to the people – what else are Westerners paying so much taxes for? (In Western capitalism they are paying so much to keep the 1% in butter brickle, of course.)

Is Donald the man of the moment? After 3.5 years the answer has been: LOL, no

Maybe the problem all along has been this: Donald J. Trump actually does have principles, but they are bad ones?

We were right to pose the question: Considering his many bankruptcies, TV reality idiocies, sexual assault boasts, philandering and pandering racism (this list was not in any particular order nor exhaustive) I think we all were quite fair to assume that Trump was always only in it for Trump, and therefore he could maybe be a malleable instrument of the people’s will as the egomaniac would want to remain in the limelight via re-election.

Isn’t that why the Deep State went after him so quickly – because he dared to echo the common American’s call to reverse in free trade and foreign militarism? They were worried that the American people would finally have an idiot puppet to enforce their will, whereas the Deep State was used to having their own idiot puppets like Barack Obama, Dubya Bush and Ronald Reagan.

That assumed malleability gave two genuine reasons Trump truly was the “hope candidate” in the pathetic 2016 election: 1) Hillary Clinton was a proven warmonger and Deep State cheerleader, and 2) Trump was the first genuinely outsider politician since Andrew Jackson (I imagine it has been 3.5+ years since you were reminded of this comparison). It’s critical to always recall that Trump was emphatically rejected by the Republican Party until the very last moment, only six months before the November 2016 vote. Trump is not a “Republican”, and it’s only to keep a firm grip of party duopoly (and their need for a target for their American rage) that Democrats play along with this Republican-aiding fiction of Trump’s “mainstream-ness”.

I don’t think it’s appreciated enough that all bets are off: due to corona I am literally not accepting any more bets on the presidential election, because who knows what on earth is going to happen as a result of enforcing a multi-month pause to the capitalism-imperialism machine?! Could be World War III, could be a new era of peace and brotherhood.

But what appears certain is that working people (and that obviously includes the temporarily unemployed) deserve free lunches. Finally getting them some money back from a tax system which they have paid into is such a radical idea in neoliberal America that whoever proposes it will surely sweep into the White House. It’s amazing Biden hasn’t jumped all over this already – if only to make sure Trump does not – but then we remember that he is the senior senator from Delaware, one of the world’s biggest tax havens.

Can Trump put aside his conservative fiscal principles (if he we now believe that he has actual “principles” other than self-interest) to realise that extending unemployment is a sure-fire way to win votes?

To reformulate more accurately: Will we see a revival of the Trump who was willing to buck the Republican Party, a stance which got him elected in the first place?

In my second article on the corona crisis I seized upon this very idea – Trump as Huey Long: Corona meds in every pot & a People’s QE: the Trumpian populism they hoped for? Of course I did: as a socialist I cling to the very un-radical but very un-American belief that government leaders can actually design their policies with the lower classes in mind. Of course as someone who does not believe in Western liberal (aristocratic) democracy I am not a Trump supporter, I was and am merely a journalist commenting on the news and musing as to how history could maybe turn out.

The PR campaign for Trump writes itself: Vote for the man who kept you off the street after corona, and now let’s really drain the swamp.

The perhaps fatal flaw in my Long comparison is this: Trump has never been the outsider economic populist his anti-free trade stance indicated. Hopes that Trump is a real populist – which fake-leftist Democrats, the 1% and the MSM fear with such horror – have certainly not been redeemed. After 3.5 years we still have no proof that Trump is going to use his bloated executive powers (normal in the 21st century Western “liberal strongman” balance of power conception) to aid the lower classes.

I have read of Chinese analysts who say, “Well, maybe if Trump can get re-elected then he can finally shed the war hawks – forced on him via the Russophobia campaign – and get back to the art of the political deal.” That’s half-based on the same premise: that somewhere a populist, patriotic, non-warmongering Trump is hiding.

However, the other half of this analysis is based around the same “hope” of 2016: it’s better to have a wild and crazy hope like Trump than to continue with the depressing certainty of what a “mainstream” US president will surely wreak. Militarist “pivots to China” after winning the Nobel Peace Prize, bombing many Muslim countries and other such phoniness….

If Trump wants to win re-election – which seems impossible for an incumbent amid such Herbert Hoover-like devastation – Trump has to do a 180 and finally embrace his inner FDR… if there is one? It’s too bad a Hail Mary miracle pass is all you can hope for in the hopelessly reactionary American system.

But that’s really true of all Western liberal (aristocratic) democracy: if Marine Le Pen wins in 2022 we’ll likely be hoping for a very same political-deathbed conversion in 2026.

Corona is ruining Trump, yes, but he’s forgetting two key things: 1) it’s ruining absolutely everyone else, and 2) no citizen of the US has more power to act as a saviour than he does, as he is still the president.

If Trump can’t see that a simple (and equitable, and democratic) way to win re-election is by pacifying a rightly panicked populace with a continued good dole then… maybe he really is just an idiot? Or he’s just another American politician whose secret/subconscious economic ideology is the mainstream corporate fascism.

You can’t blame anyone anywhere for hoping against hope that’s not true.

*********************************

Corona contrarianism? How about some corona common sense? Here is my list of articles published regarding the corona crisis.

Capitalist-imperialist West stays home over corona – they grew a conscience? – March 22, 2020

Corona meds in every pot & a People’s QE: the Trumpian populism they hoped for? – March 23, 2020

A day’s diary from a US CEO during the Corona crisis (satire) March 23, 2020

– March 25, 2020

Tough times need vanguard parties – are ‘social media users’ the West’s? –

March 26, 2020

If Germany rejects Corona bonds they must quit the Eurozone – March 30,

2020

Landlord class: Waive or donate rent-profits now or fear the Cultural Revolution – March 31, 2020

Corona repeating 9/11 & Y2K hysterias? Both saw huge economic overreactions – April 1, 2020

(A Soviet?) Superman: Red Son – the new socialist film to watch on lockdown – April 2, 2020

Corona rewrites capitalist bust-chronology & proves: It’s the nation-state, stupid – April 3, 2020

Condensing the data leaves no doubt: Fear corona-economy more than the virus – April 5, 2020

‘We’re Going Wrong’: The West’s middling, middle-class corona response – April 10, 2020

Why does the UK have an ‘army’ of volunteers but the US has a shortage? – April 12, 2020

No buybacks allowed or dared? Then wave goodbye to Western stock market gains – April 13, 2020

Pity post-corona Millennials… if they don’t openly push socialism – April 14, 2020

No, the dollar will only strengthen post-corona, as usual: it’s a crisis, after all – April 16, 2020

Same 2008 QE playbook, but the Eurozone will kick off Western chaos not the US – April 18, 2020

We’re giving up our civil liberties. Fine, but to which type of state? – April 20,

2020

Coronavirus – Macron’s savior. A ‘united Europe’ – France’s murderer – April 22, 2020

Iran’s ‘resistance economy’: the post-corona wish of the West’s silent majority (1/2) – April 23, 2020

The same 12-year itch: Will banks loan down QE money this time? – April 26,

2020

The end of globalisation won’t be televised, despite the hopes of the Western 99% (2/2) – April 27, 2020

What would it take for proponents to say: ‘The Great Lockdown was wrong’? – April 28, 2020

ZeroHedge, a response to Mr. Littlejohn & the future of dollar dominance – April 30, 2020

Given Western history, is it the ‘Great Segregation’ and not the ‘Great Lockdown’? – May 2, 2020

The Western 1% colluded to start WWI – is the Great Lockdown also a conspiracy? – May 4, 2020

May 17: The date the Great Lockdown must end or Everything Bubble 2 pops – May 6, 2020

Reading Piketty: Does corona delay the Greens’ fake-leftist, sure-to-fail victory? – May 8, 2020

Picturing the media campaign needed to get the US back to work – May 11, 2020

Scarce jobs + revenue desperation = sure Western stagflation post-corona – May 13, 2020

France’s nurses march – are they now deplorable Michiganders to fake-leftists? – May 15, 2020

Why haven’t we called it ‘QE 5’ yet? And why we must call it ‘QE 2.1’ instead – May 16, 2020

‘Take your stinking paws off me, you damned, dirty public servant!’ That’s Orwell? – May 17, 2021

The Great Lockdown: The political apex of US single Moms & Western matriarchy? May 21, 2021

I was wrong on corona – by not pushing for a US Cultural Revolution immediately – May 25, 2021

August 1: when the unemployment runs out and a new era of US labor battles begin – May 28, 2021

Corona proving the loser of the Cold War was both the USSR & the USA – May 30, 2021

Rebellions across the US: Why worry? Just ask Dr. Fauci to tell us what to do – June 2, 2021

Protesting, corona-conscience, a good dole: the US is doing things it can’t & it’s chaos – June 3, 2021

Why do Westerners assume all African-Americans are leftists? – June 5, 2020

The US as Sal’s Pizzeria: When to ‘Do The Right Thing’ is looting – June 6, 2020

The problem with the various ‘Fiat is all the problem!’ (FIATP) crowds – June 9, 2020

Politicisation of Great Lockdown result of ‘TINA’ economic ignorance & censorship – June 14, 2020


Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of the books Ill Ruin Everything You Are: Ending Western Propaganda on Red China’ and the NEW Socialisms Ignored Success: Iranian Islamic Socialism.

Politicisation of Great Lockdown result of ‘TINA’ economic ignorance & censorship

Politicisation of Great Lockdown result of ‘TINA’ economic ignorance & censorship

June 14, 2020

by Ramin Mazaheri for the Saker Blog

In the United States questioning liberal economic ideology is not tolerated, so when the latest inevitable economic bust in capitalism occurs it is little wonder that their society talks about everything except economic ideology. They spend their time inventing and discussing non-economic solutions to economic catastrophes, which is precisely how their fundamental weaknesses and inequalities only get worse and worse.

Now we are talking about the murder of George Floyd, police brutality and White supremacy – these are old but still important issues, but they are also certainly issues which will not lead to systematically redistributing one cent towards governmentally-abandoned African-American areas.

The fall of the USSR and the triumphant parades led by banners bearing TINA – There Is No Alternative (to neoliberalism and neo-imperialism) – encouraged Americans to throw away their textbooks on the “dismal science” of economics. “Yeah,” they said, “Marx might have been interesting in his day, but it’s all over now – get with the times: it’s the economy, stupid! (whisper) But seriously – don’t openly question liberal economic ideology.”

For those of us following the data it has become quite clear: “Everything Bubble 2” is a great pica-saving handle to describe the 2020 Western economy, but it gives the wrong impression that what’s going on is just a repeat of 2008 (when Everything Bubble 1 popped) – it’s actually much worse. Nobody expected Everything Bubble 2 to be popped by something as economically-suicidal as a Great Lockdown, but we now have no choice but to add the effects of the two together, so… wow… we just cannot say that this is like 2008, or 2001, or 1929, or any other era.

But in the US you can’t say anything about ideological economic direction, of course. This leads us to two realisations about their society which are now obvious to all:

1) By abandoning economic ideological debate for three decades Americans can only politically snipe each other to death in 2020 because they simply cannot intelligently discuss economics, much to the glee of the 1%. 2) By censoring ideological debate the US is unable to devise new solutions to the latest capitalist bust, so in order to end this very atypical capitalist bust they are vainly reapplying previous solutions: hyper-partisanship, militarism and economic ideological totalitarianism.

Combine these two realisations and it’s clear that the American solution to their 2020 economic crisis is militarist in nature: Militarism against those who disagree with the Mainstream, militarism to guide the economic way out, and militarism towards the Covid-19 germ as well. As a result of the George Floyd murder we may even add a fourth militarism – though one which will surely end after the November presidential election – militarism against anti-Black racism.

Why would this “solution” of militarism be a surprise to anyone?

Removing economics from politics creates stupid politics, but also hyper-partisanship

Americans today have only one solution for domestic or international failure – declare war on the other guy, even if he is a fellow citizen.

This economic crisis is so bad for the already-weakened West that one would think the economic debate for its solutions would have never become partisan. (Considering that both mainstream parties agree on TINA – what was there to argue about economically, anyway?) Georgia, Florida and Texas have cities just as dense as Illinois, Michigan, California, New York and New Jersey, but it can’t be a coincidence that this latter camp of blue-states remain economically closed with a severity and duration seemingly unparalleled in the world.

It is as if working with the other side – even for the good of the nation – implies risking a deadly (moral) contagion? It’s as if doing a single thing Trump did, suggested or supported makes one an irredeemable “deplorable”? It’s as if losing an election this November is a bigger catastrophe in the minds of politically-involved Republican and Democrat citizens than the unprecedented capitalist catastrophe of having over 40 million unemployed people?

All I can say is: LOL you can’t possibly run a nation that way. I am as political as anybody, but if unemployment was 25% my primary motivation would not be getting credit at the polling booth!

So it’s an amazing proof of how undesirable the American cultural-political-economic model truly is when we observe how the re-opening of their economy has become such a politically-polarised issue.

That may or may not be old news to many, but here is something which is never discussed: This seeming “militarisation of political partisanship” is predicted on confining mainstream political discussion solely to exactly that – the alleged importance of political partisanship. Western culture’s proclamation of TINA, the chucking out of economic textbooks and censoring “time-wasting” economic debate has thus given two-party political affiliations an entirely outsized place in US culture.

And TINA was always going to be especially fatal for heterogenous Western societies: In a country like Iran, which is 90% Shia, or homogenous & self-segregated Japan it’s perhaps not necessarily economics which can hold the title of “champion of societal unification”, but in the very heterogeneous West economic class clearly provides the broadest basis for life-saving and nation-saving unity. (The West’s White supremacists will sputter that, “It didn’t used to be this way here!” Who cares? It is this way now for your children, and it was only ever not “this way” because of massive segregation.) National unification may be rejected by Trotskyists, but not everyone wants to see the nation founder in response to every serious crisis.

But by rejecting discussion of economic unity (a.k.a. class warfare against the 1%) the West could only logically choose to emphasise other factors in its place, i.e. political, cultural, ethnic, sexual, gender and religious factors, all of which (for their heterogeneous societies) are inherently less unifying and even quite controversial. In a crisis this disunity is not just readily apparent but leads to tangible disaster – certainly the West is currently burning in crisis.

The problem goes deeper than their facile blaming of only the political and media classes: there are many everyday American citizens who clearly want to increase the stranglehold of this economic crisis in order to oust Trump or just their local incumbent. In 2020, because they are not in power, it’s logical to agree that Democrats are acting the most desperately and power-hungrily. However, it’s not as if Republicans are promoting consensus, unity and high ideals – of course they are using the economic crisis to achieve the neoliberal tenet of slashing government ranks down to just cops and fire departments.

It is not an exaggeration to say that by removing economics from the discussion US political culture has become not “militant” – which has positive connotations of ideological purity – but “militarist”: Democrats and Republicans are going on the war path to stoke problems instead of focusing on societal unity amid this unprecedented crisis.

You couldn’t honestly talk about imperialism with an American in 2019, and it’s not like they want to hear about it now; nor can you honestly talk about capitalism with an American despite its current epic fail; in June 2020 they want to talk only about how their political party is superior, and how corona is the new Black Plague, and now they’ve added a new problem they’ve recently discovered: police brutality against Blacks.

The problem of this faux-militancy, which has such a gaping intellectual void (the lack of an economic component), is similarly and glaring obvious in the centuries-old militarisation of imperialist US culture: War on Indians, war for/against slavery, war on socialism, war on Soviet-led communism, war on poverty, war on drugs, war on Muslims – the US solution of “war on corona” is thus not at all unique for them.

The new – and probably temporary – “war on police brutality” is certainly necessary but cannot possibly reach the halls of power nor the ears of the US vanguard party of bankers.

The solution in US corporate fascism is always war, but conquering corona yields no booty

The real economic ideology of the US is – of course – corporate fascism, which is why their military-industrial complex had a ready solution to the 2001 Y2K/dot.com bust via declaring war on the Muslim world. Very profitable indeed, and it allowed their Pentagon-planned economy (the Pentagon is the world’s largest employer) to continue organising the very unequal US economic redistribution.

There was no new war to be had in 2008 – Obama could only double down on the existing wars (after accepting his Nobel Peace Prize) and double down on the status quo economic ideology as well: QE dropped helicopter money at the problem and hoped the problem was resolved. It was resolved very satisfactorily indeed, but only for the 1% and their asset classes.

In 2020 Everything Bubble 2 was popped by the Great Lockdown and a new war was declared: against corona. As if Red men with tomahawks had amassed just outside the picket-topped fort, Americans threw themselves wholeheartedly into this battle for self-survival. Now, as the stock market has been boosted with taxpayer QE money back to pre-crisis levels, Americans are (kind of) throwing themselves into a battle against police brutality as well.

Declaring war is what American culture does, period.

What does war do? It rallies around the flag – for countries who were not inspired by 1917 it is truly the “champion of societal unification” – but there is no booty to be had this time: no new frontiers to provide cheap land; no new resources to allow Western manufactures to be made more cheaply; no oil; not even any way to use US taxpayer money to pay mercenaries in order to boost the stock prices of Pentagon-linked corporations.

Americans need to realise that “keep-capitalism-alive-through-jingoism” is a primary pillar of imperialism, and that true patriotism is never allowed in neoliberal capitalism – thus their hyper-partisanship today. War also provides a useful distraction from endemic economic inequality, which is why this “endless war” ruse has been going on across the anti-socialist West ever since WWI.

The West has thrown themselves into the war on the corona germ, but their lower classes are screaming that this war is economic suicide. Once the war on corona is over – even if the West extends past the “surge” this fall or even into 2021 – economic ideology will finally have to be discussed.

But the West doesn’t ever have to do that intelligently – they were the economic ideological winners, right?

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Corona contrarianism? How about some corona common sense? Here is my list of articles published regarding the corona crisis.

Capitalist-imperialist West stays home over corona – they grew a conscience? – March 22, 2020

Corona meds in every pot & a People’s QE: the Trumpian populism they hoped for? – March 23, 2020

A day’s diary from a US CEO during the Corona crisis (satire) March 23, 2020

MSNBC: Chicago price gouging up 9,000% & the sports-journalization of US media – March 25, 2020

Tough times need vanguard parties – are ‘social media users’ the West’s? – March 26, 2020

If Germany rejects Corona bonds they must quit the Eurozone – March 30, 2020

Landlord class: Waive or donate rent-profits now or fear the Cultural Revolution – March 31, 2020

Corona repeating 9/11 & Y2K hysterias? Both saw huge economic overreactions – April 1, 2020

(A Soviet?) Superman: Red Son – the new socialist film to watch on lockdown – April 2, 2020

Corona rewrites capitalist bust-chronology & proves: It’s the nation-state, stupid – April 3, 2020

Condensing the data leaves no doubt: Fear corona-economy more than the virus – April 5, 2020

‘We’re Going Wrong’: The West’s middling, middle-class corona response – April 10, 2020

Why does the UK have an ‘army’ of volunteers but the US has a shortage? – April 12, 2020

No buybacks allowed or dared? Then wave goodbye to Western stock market gains – April 13, 2020

Pity post-corona Millennials… if they don’t openly push socialism – April 14, 2020

No, the dollar will only strengthen post-corona, as usual: it’s a crisis, after all – April 16, 2020

Same 2008 QE playbook, but the Eurozone will kick off Western chaos not the US – April 18, 2020

We’re giving up our civil liberties. Fine, but to which type of state? – April 20,

2020

Coronavirus – Macron’s savior. A ‘united Europe’ – France’s murderer – April 22, 2020

Iran’s ‘resistance economy’: the post-corona wish of the West’s silent majority (1/2) – April 23, 2020

The same 12-year itch: Will banks loan down QE money this time? – April 26,

2020

The end of globalisation won’t be televised, despite the hopes of the Western 99% (2/2) – April 27, 2020

What would it take for proponents to say: ‘The Great Lockdown was wrong’? – April 28, 2020

ZeroHedge, a response to Mr. Littlejohn & the future of dollar dominance – April 30, 2020

Given Western history, is it the ‘Great Segregation’ and not the ‘Great Lockdown’? – May 2, 2020

The Western 1% colluded to start WWI – is the Great Lockdown also a conspiracy? – May 4, 2020

May 17: The date the Great Lockdown must end or Everything Bubble 2 pops – May 6, 2020

Reading Piketty: Does corona delay the Greens’ fake-leftist, sure-to-fail victory? – May 8, 2020

Picturing the media campaign needed to get the US back to work – May 11, 2020

Scarce jobs + revenue desperation = sure Western stagflation post-corona – May 13, 2020

France’s nurses march – are they now deplorable Michiganders to fake-leftists? – May 15, 2020

Why haven’t we called it ‘QE 5’ yet? And why we must call it ‘QE 2.1’ instead – May 16, 2020

‘Take your stinking paws off me, you damned, dirty public servant!’ That’s Orwell? – May 17, 2021

The Great Lockdown: The political apex of US single Moms & Western matriarchy? May 21, 2021

I was wrong on corona – by not pushing for a US Cultural Revolution immediately – May 25, 2021

August 1: when the unemployment runs out and a new era of US labor battles begin – May 28, 2021

Corona proving the loser of the Cold War was both the USSR & the USA – May 30, 2021

Rebellions across the US: Why worry? Just ask Dr. Fauci to tell us what to do – June 2, 2021

Protesting, corona-conscience, a good dole: the US is doing things it can’t & it’s chaos – June 3, 2021

Why do Westerners assume all African-Americans are leftists? – June 5, 2020

The US as Sal’s Pizzeria: When to ‘Do The Right Thing’ is looting – June 6, 2020

The problem with the various ‘Fiat is all the problem!’ (FIATP) crowds – June 9, 2020


Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of the books Ill Ruin Everything You Are: Ending Western Propaganda on Red China’ and the NEW Socialisms Ignored Success: Iranian Islamic Socialism.

Syria in Seattle: Commune Defies the U.S. Regime

Syria in Seattle: Commune Defies the U.S. Regime - Islam Times

Pepe EscobarJune 12, 2020

Syria in Seattle: Commune Defies the U.S. Regime

The marriage of post-Lockdown and George Floyd protests has nurtured a rough beast that is still immune to any form of civilized debate in the U.S.: the Seattle Commune.

So what really is the Capital Hill Autonomous Zone cum People’s Republic all about?

Are the communards mere useful idiots? Is this a refined Occupy Wall Street experiment? Could it survive, logistically, and be replicated in NYC, L.A. and D.C.?

An outraged President Trump has described it as a plot by “domestic terrorists” in a city “run by radical left Democrats”. He called for “LAW & ORDER” (in caps, according to his Tweetology).

Shades of Syria in Seattle are visibly discernable. Under this scenario, the Commune is a remixed Idlib fighting “regime counter-insurgency outposts” (in communard terminology).

For most American Right factions, Antifa equals ISIS. George Floyd is regarded not only as a “communist Antifa martyr”, as an intel operative told me, but a mere “criminal and drug dealer”.

So when will “regime forces” strike – in this case without Russian air cover? After all, as dictated by Secretary Esper, it’s up to the Pentagon to “dominate the battlefield”.

But we’ve got a problem. Capital Hill Autonomous Zone (CHAZ) is supported by the city of Seattle – run by a Democrat – which is supported by the governor of Washington State, also a Democrat.

There’s no chance Washington State will use the National Guard to crush CHAZ. And Trump cannot take over Washington State National Guard without the approval of the governor, even though he has tweeted, “Take back your city NOW. If you don’t do it, I will. This is not a game.”

It’s enlightening to observe that “counter-insurgency” can be applied in Afghanistan and the tribal areas; to occupy Iraq; to protect the looting of oil/gas in eastern Syria. But not at home. Even if 58% of Americans would actually support it: for many among them, the Commune may be as bad if not worse than looting.

But then there are those firmly opposed. Among them: the “Butcher of Fallujah” Mad Dog Mattis; color revolution practitioners NED; Nike;

JP Morgan; the whole Democratic Party establishment; and virtually the whole U.S. Army establishment.

Welcome to the Only Occupy Others movement.

Still the question remains: how long will “Idlib” be able to defy the “regime”? That’s enough to cause an alleged “bully”, Attorney General Barr, many a sleepless night.

Real Black Power

Trump and Barr have already threatened to criminalize Antifa as a “terrorist organization” – even as Black Lives Matter has pointed a yellow dagger in the asphalt of 16th St. in D.C. towards the White House.

And that brings us to the across the board legitimacy enjoyed by Black Lives Matter. How’s that possible? Here is a good place to start.

Black Lives Matter, founded in 2013 by a trio of middle class, queer black women very vocal against “hetero-patriarchy”, is a product of what University of British Columbia’s Peter Dauvergne defines as “corporatization of activism”.

Over the years, Black Lives Matter evolved as a marketing brand, like Nike (which fully supports it). The widespread George Floyd protests elevated it to the status of a new religion. Yet Black Lives Matter carries arguably zero, true revolutionary appeal. This is not James Brown’s “Say It Loud, I’m Black and I’m Proud”. And it does not get even close to Black Power and the Black Panthers’ “Power to the People”.

The gold standard on civil rights, Dr. Martin Luther King, in 1968, concisely framed the – structural – heart of the matter:

“The black revolution is much more than a struggle for the rights of Negroes. It is forcing America to face all its interrelated flaws—racism, poverty, militarism, and materialism. It is exposing evils that are rooted deeply in the whole structure of our society. It reveals systemic rather than superficial flaws and suggests that radical reconstruction of society itself is the real issue to be faced.”

The Black Panthers, young, extremely articulated intellectuals who had mixed Marx, Lenin, Mao, W.E.B. Du Bois, Malcolm X and Frantz “Wretched of the Earth” Fanon took MLK’s diagnosis to a whole new level.

As summed up by the Panthers’ Minister of Information Eldridge Cleaver: “We believe in the need for a unified revolutionary movement … informed by the revolutionary principles of scientific socialism.” That synthesized the insights of MLK, who was, crucially, a proponent of color blindness.

Fred Hampton, the target of a de facto state assassination in December 1969, made sure the struggle transcended race: “We got to face some facts. That the masses are poor, that the masses belong to what you call the lower class, and when I talk about the masses, I’m talking about the white masses, I’m talking about the black masses, and the brown masses, and the yellow masses, too. We’ve got to face the fact that some people say you fight fire best with fire, but we say you put fire out best with water. We say you don’t fight racism with racism. We’re gonna fight racism with solidarity. We say you don’t fight capitalism with no black capitalism; you fight capitalism with socialism.”

So this is not only about race. This is not only about class. This is about Power to the People fighting for social, political and economic justice under a system that’s intrinsically unequal. It expands on the in-depth analysis by Gerald Horne in The Dawning of the Apocalypse, where the 16th century is fully dissected, “creation myth” of the U.S. included.

Horne shows how a bloodthirsty invasion of the Americas engendered fierce resistance by Africans and their indigenous populations allies, weakening imperial Spain and finally enabling London to dispatch settlers to Virginia in 1607.

Now compare this depth of analysis with the meek, almost begging for mercy “Black Lives Matter” slogan. One is reminded, once again, of Malcolm X’s sharpness: “We had the best organization the black man’s ever had—niggers ruined it!”

To solve the Black Lives Matter question, one must, once again, follow the money.

Black Lives Matter profited in 2016 from a humongous $100 million grant from the Ford Foundation and other philanthropic capitalism stalwarts such as JPMorgan Chase and the Kellogg Foundation.

The Ford Foundation is very close to the U.S. Deep State. The board of directors is crammed with corporate CEOs and Wall Street honchos. In a nutshell; Black Lives Matter, the organization, today is fully sanitized; largely integrated into the Democratic Party machine; adored by mainstream media; and certainly does not represent a threat to the 0.001%.

The Black Lives Matter leadership, of course, argues that this time, “it’s different. Elaine Brown, the formidable former chairwoman of the Black Panthers, takes no prisoners: Black Lives Matter has a “plantation mentality”.

Try to set the night on fire

Set the Night on Fire is an extraordinarily absorbing book co-written by Jon Wiener and the inestimable Mike Davis of City of Quartz and Planet of Slums.

Cataloguing in exhaustive detail the L.A. of the Sixties, we are plunged into the Watts riots in 1965; the antiwar movement joining the Black Panthers to form a uniquely Californian Peace and Freedom Party; the evolving grassroots unity of the Black Power ethos; the Che-Lumumba club of the Communist Party – which would become the political base of legendary Angela Davis; and the massive FBI and LAPD offensive to destroy the Black Panthers.

Tom Wolfe notoriously – and viciously – characterized L.A. supporters of the Black Panthers as ‘radical chic”. Elaine Brown once again sets the record straight: “We were dying, and all of them, the strongest and the most frivolous, were helping us survive another day.”

One of the most harrowing sections of the book details how the FBI went after Panthers sympathizers, including the sublime Jean Seberg, the star of Otto Preminger’s Saint Joan (1957) and Godard’s Breathless (1960).

Jean Seberg contributed anonymously to the Panthers under the codename “Aretha” (yes, as in Franklin). The FBI’s COINTELPRO took no prisoners to go after Seberg, enrolling the CIA, military intel and the Secret Service. She was smeared as a “sex-perverted white actress” – as in having affairs with black radicals. Her Hollywood career was destroyed. She went into deep depression, had a stillbirth (the baby was not black), emigrated, and her – decomposed – body was found in her car in Paris in 1979.

In contrast, there have been academic rumblings identifying the sea of converts to the Black Lives Matter religion as mostly products of the marriage between wokeness and intersectionality – the set of interlinked traits that since birth privileges heterosexual white men, now trying to expiate their guilt.

Generation Z, unleashed en masse from college campuses across the U.S. into the jobs market, is a prisoner of this phenomenon: in fact a slave to – politically correct – identity politics. And once again, carrying zero revolutionary potential.

Compare it once again to immense political sacrifices of the Black Panthers. Or when Angela Davis, already a pop icon, became the most famous black political prisoner in American history. Aretha Franklin, when volunteering to post bail for Davis, famously framed it: “I’ve been locked up for disturbing the peace, and I know you’ve got to disturb the peace when you can’t get no peace.”

Elaine Brown: “I know what the BPP [Black Panther Party] was. I know the lives we lost, the struggle we put into place, the efforts we made, the assaults on us by the police and government – I know all that. I don’t know what Black Lives Matter does.”

It’s open to endless debate whether Black Lives Matter is intrinsically racist and even inherently violent.

And it’s also debatable whether taking a knee, now a household ritual practiced by politicians (complete with Kente scarves from Ghana), cops and corporations, really threatens the foundations of Empire.

Noam Chomsky has already ventured that the protest wave so far carries zero political articulation – and badly needs a strategic direction, far beyond the obvious revolt against police brutality.

The protests are dying down just as the Commune emerges.

Depending on its evolution that may pose a serious problem to Trump/Barr. The President simply cannot allow a running color revolution to develop in the middle of a major American city. At the same time he’s impotent as a federal authority to dissolve the Commune.

What the White House can do is to dog whistle its own counter-insurgency units, in the form of armed to their teeth white supremacist militias, to go on the offensive and crush the already flimsy supply lines of the wokeness-cum-intersectionality crowd.

Occupy after all took over key areas of 60 American cities for months just to suddenly dissolve into the ether.

Additionally, the Deep State has already war-gamed plenty of scenarios to deal with siege situations way more complex than the Commune.

Whatever happens next, one key vector is immutable. A state of permanent insurrection only benefits the 0.00001% plutocracy comfortably ensconced while the plebs set the night on fire.

The problem with the various ‘Fiat is all the problem!’ (FIATP) crowds

June 09, 2020

The problem with the various ‘Fiat is all the problem!’ (FIATP) crowds

By Ramin Mazaheri for the Saker Blog

“‘(The German economist Kestner wrote:) The greatest success no longer goes to the merchant whose technical and commercial experience enables him best of all to understand the needs of the buyer, and who is able to discover and effectively awake a latent demand; it goes to the speculative genius [?!] who knows how to estimate, or even only to sense in advance the organisational development and the possibilities of connections between individual enterprises and the banks.’

Translated into ordinary human language this means the development of capitalism has arrived at a stage when, although commodity production still ‘reigns’ and continues to be regarded as the basis of economic life, it has in reality been undermined and the big profits go to the ‘geniuses’ of financial manipulation. At the basis of these swindles and manipulations lies socialised production; but the immense progress of humanity, which achieved this socialisation, goes to benefit the speculators. We shall see later how ‘on these grounds’ reactionary, petty-bourgeois critics of capitalist imperialism dream of going back to ‘free’, ‘peaceful’ and ‘honest’ competition.” (emphasis his)

  • V.I. Lenin

The rather ideology-defining question of connecting banks and businesses; socialising the production and creating massive human progress, but then privatising the gains; (Corona proving the loser of the Cold War was both the USSR & the USA because corona exposed how in order to beat the USSR the US turned to) the constant swindles and manipulations of hyperfinancialisation, like Quantitative Easing… Lenin could have easily also unmasked the “Fiat is all the problem” critics of neoliberal capitalism in 2020 – like this article will – but Lenin lays in Red Square (because he is still so important today).

******************************************

During the corona overreaction into Great Lockdown into US rebellions era many of the most dynamic commentators are those who feel dominated, insulted, financially cheated and unfairly bested by the almighty US greenback, which they insist is about to become less valuable than used toilet paper (as the value of unused toilet paper has infamously skyrocketed during the Great Lockdown).

A whole range of political, economic and moral ideas are represented by these who insist that the primary problem in non-socialist-inspired nations is paper (fiat) money and its alleged overprinting:

Goldbugs, bitcoin evangelists, and silver miners; crooked Austrian economic policemen and their sons and daughters who follow “the (University of) Chicago Way: Get them before they get you”; Trotskyists who kind of understand economics but interpret every stock market dip as a sign that capitalism is finally collapsing under the weight of its own contradictions; anti-imperialists who are getting ready all the yuan they have been hoarding under their mattress – all these groups have insisted since the start of QE5 (i.e., QE 2.1) that the very next sheet of printed dollars will be the one which breaks the greenback’s back.

I accurately related what happens to the US dollar in times of economic crisis in No, the dollar will only strengthen post-corona, as usual: it’s a crisis, after all, but this article seeks to correct another incorrect view related to and often shared by these ardent “dollar demisers”:

The problem is not the dollar, nor the fact that it is issued on paper, nor the fact that QE issues money via a keyboard tap – the problem is not even the nature of money itself but the capitalist-imperialist culture which surrounds that money. Thus, the problem with the “Fiat is all the problem” (FIATP) crowds is that they obsessively see only a financial system instead of a moral-political system.

Translated into ordinary human language: The “dollar demisers” have no conception that the problem is not paper money, nor is it all money – it is the capitalist ideals regarding money.

Goldbugs: Old Testament fire and brimstone in monetary policy

Of the FIATPs the most resistant to modern political ideas – and the ones who are the most vocal and the most certain about the immediate collapse of the dollar – are the proponents of gold, but also many bitcoiners.

I understand their frustration: I, too, would be upset if I believed that overprinting should lead to a drop in the greenback… but then if I believed that it would mean that I foolishly believed that economics followed mathematical laws, and it would also indicate that I had little understanding about the political-social-moral role money plays in the absolute non-science of economics.

This group, which believes that the physical asset they have invested in should be worth more than it currently is, has two major flaws: 1) They view economics as investors, not as real people/workers. The former are competing at least partially as carnival barker salesmen: they want THEIR product to win so they can profit. 2) Unlike normal people/workers, they do not realise that it doesn’t matter at all if nothing is “backing” fiat in the 21st century – the real-world necessity of needing to get something in return for your labor makes paper as good as gold, or as good as cowrie shells, or as good as increasingly scarce toilet paper, or as good as whatever a government-backed-by-guns says that it is. If the government says we go back to cowrie shells then we all go back to cowrie shells, and this could absolutely be a positive thing because money is merely a tool, duh!

The gold proponents sound the most Old Testament – they act as if it is a God-given law that gold and only gold or gold-backed tools must be used as a medium of exchange and that it is just a matter of time before God’s wrath smites us for going fiat. I am unaware of this verse in Scripture.

Goldbuggers especially feel entitled to some sort of moral supremacy over the “early adopters” of digital fiat money (i.e. QE) when the average person knows they deserve nothing of the sort.

Gold and silver, after all, only became poplar because monarchs and aristocrats thought that wearing shiny stuff would give them an air of divinity to us plebes. That Lenin quote doesn’t apply to this crowd, for whom there is no “development of capitalism” – no changes or progress – merely the eternal value of gold (their God), which always was and always will be.

Austrians/Chicagoans/Bitcoiners – ‘moral hazard is when I don’t profit’

Bitcoiners can be placed along with the goldbugs because they both share an intense moral rage. However, libertarian/radical-individualist bitcoiners don’t have an old-fashioned sense of collective morality, thus their critiques of 21st century Western capitalism lack Biblical depth. This is why many of them really belong with the Chicago/Austrian crowd, which is ruled by competition, cruelty and greed-is-good.

(However, I am an open supporter of bitcoin, and we’ll see that those who would use bitcoin for personal and not social gain actually fall into all three camps.)

The Austrian/Chicagoan crowd… wow. It’s not really sure what they want – other than that they want money for themselves, and for the exciting law of the jungle to rule unchecked.

This group is defined by one primary characteristic: anti-socialism. The proof of their opposition to the ideology of political modernity is their Salafistic, fundamentalist insistence that all would be well if we could only just return to the roots of classic English liberalism. Oho! How they pine for the sweet days of Adam Smith & David Ricardo up until the Third World holocausts of the late Victorian era – what sweet days unmarred by problems they were!

These sentimental and thus ultimately right-wing critics of QE merely “dream of going back to ‘free’, peaceful’ and ‘honest competition” – Lenin had to deal with these types in his day as well.

We can certainly include many MMT-ers (Modern Monetary Theory) here, as they believe that capitalism is a way to control rentier exploitation, not expand it.

This entire group truly acts as if capitalism only started with the invention of the cotton gin or steam engine, and their primary fear mongering reflects that limited historical view: a warning that we are headed towards to “neo-feudalism”. But feudalism was certainly capitalist – there is ultimately no significant difference between the two in either their means nor their ends (simply change “king” for “banker” and “church” for “corporation”; certainly, nobody has ever confused feudalism with socialism.

This group insists that QE is a perverted degradation of sweet, sweet capitalism from the Salafist era of Smith and Ricardo. Oho! If only we could return to that angelic era unmarred by economic inequality when those mild and holy saints of competition spread the ideals – the TRUE ideals, not the false ones of this QE-corrupted era! – of the true capitalist gospel!

People like the MMT-ers because they are capitalists but at least they are not heartless hypocrites bent on ruining their country in order to show their personal greatness. However, they essentially claim to have found the elusive “Third Way” – I just don’t understand why they don’t openly push socialism, because after over a century of trying humans have found that there is no Third Way.

However, absolutely nobody likes Austrians/Chicagoans, and Austrians/Chicagoans are made quite content by that: they view it as proof that they are winning the competition over losers who are just jealous of their success.

The ‘QE feeds imperialism’ crowd – but then why did imperialism exist before digital fiat?

Bitcoin evangelists can often declare how fiat money feeds American imperialism. Surely, if everyone would buy some of their bitcoin and use it in everyday purchases, then Western militarism would collapse.

The obvious problem here is that these laudable anti-imperialists correctly perceive how imperialism is wrong and predatory as an economic system, but they fail to see how neo-imperialism is equally undergirded by a political-cultural-moral system. The Pentagon’s “war on ____” is not solely about the greenback – that is an outdated nation-state analysis and not a class-based view.

Their inevitable solution of isolationism (towards non-bitcoining nations) is the same flaw of the libertarians: as long as the extent of my individual rights/society are not curtailed, then I am content to not become involved in the problems of others. This “just wait for fiat to implode” leads to the same flaw as the Trotskyists “just wait for the capitalist system to implode” – what does Palestine, for example, do in the meantime? The moral aspect of this question should be obvious, but have you ever heard a bitcoiner discussing Palestine?

They discuss Palestine about as often as they discuss bitcoin’s moral Achilles heel: the fact that 40 percent of bitcoin is held by perhaps 1,000 owners (known as “whales”). If the moral philosophy of that tiny vanguard party is libertarianism, radical individualism and Anglo-American liberal Salafism (which it sadly is), then I for one say that we should confiscate their bitcoin immediately because how is their political-cultural-moral system they any different than American banksters? Aspiring to be an all-controlling bankster but with bitcoins is still banksterism.

Inevitability has laziness inherently inscribed in it, as well as selfish individualism, because YOU do not need to do anything, take a moral stand, resist, sacrifice, etc., only wait. Thus, of course comfortable bitcoin investors do nothing but play defense around their own little yard and digital wallets, waiting for the fiat-based economy to implode and then the price of bitcoin to explode: They feel they are all set – Palestinians deserve what they get because they haven’t gone fully bitcoin quickly enough.

Even Kestner had to write “[?!]” at these “speculative genius(es) who are indeed at the crest of the wave: Lenin, however, would surely say that many of them are actually just “reactionary, petty-bourgeois critics of capitalist imperialism”.

Conclusion: The world actually had major problems before QE-fiat

These groups lack coherence, modernity and popular appeal because when they look at the QE economy they see a financial system and not its concomitant political system.

When they do perceive a moral system they look with the isolated eyes of a Western individualist instead of with the united, consensus-respecting socialist outlook provided by billions of pairs of eyes. Therefore, FIATPs answer comes down to the same old Western answer post 1989: technology and technocratism. The FIATPs could have become epidemiologists, had they been biologically and not monetarily inclined.

FIATPs often deserve credit for seeing the internationalist aspects of Western war, but their lack of modern political ideology causes them to fail to see the domestic & historical aspects such as the Yellow Vests, Black Power Movement, the jailing of Eugene V. Debs, etc. They seem to think that because they have invented a new tool they have discovered a new morality – they have not, and this is another example of their often blatant arrogance and overweening pride.

The FIATPs hostility to socialism is based entirely on the outdated and always-inaccurate Western capitalist-imperialist propaganda that socialism is totalitarian (when it is instead all about the empowerment of the individual in order to reach his or her full potential), of course, but it is especially unfortunate with many of the bitcoiners because the social morality they are demanding in public policy is fundamentally socialist democratic, not liberal democratic – 99.9% of bitcoin holders are not whales, after all.

Money in any form – fiat, bitcoin, gold, beads, whatever – is not the key to happiness for anyone with a compass whose pointer extends to heaven even only occasionally. Money is the root of all evil – its pointer only drops towards earth, thus it will always carry the potential of carrying disastrous imbalances.

Goldbugs, bitcoin whales and Austrian/Chicagoan gangsters may be speculative geniuses and merchants talented at finding profits, but they are not a vanguard political party which can lead society to a healthy balance of broad prosperity and stability – they aren’t even right about money.

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Corona contrarianism? How about some corona common sense? Here is my list of articles published regarding the corona crisis.

Capitalist-imperialist West stays home over corona – they grew a conscience? – March 22, 2020

Corona meds in every pot & a People’s QE: the Trumpian populism they hoped for? – March 23, 2020

A day’s diary from a US CEO during the Corona crisis (satire) March 23, 2020

MSNBC: Chicago price gouging up 9,000% & the sports-journalization of US media – March 25, 2020

Tough times need vanguard parties – are ‘social media users’ the West’s? – March 26, 2020

If Germany rejects Corona bonds they must quit the Eurozone – March 30, 2020

Landlord class: Waive or donate rent-profits now or fear the Cultural Revolution – March 31, 2020

Corona repeating 9/11 & Y2K hysterias? Both saw huge economic overreactions – April 1, 2020

(A Soviet?) Superman: Red Son – the new socialist film to watch on lockdown – April 2, 2020

Corona rewrites capitalist bust-chronology & proves: It’s the nation-state, stupid – April 3, 2020

Condensing the data leaves no doubt: Fear corona-economy more than the virus – April 5, 2020

‘We’re Going Wrong’: The West’s middling, middle-class corona response – April 10, 2020

Why does the UK have an ‘army’ of volunteers but the US has a shortage? – April 12, 2020

No buybacks allowed or dared? Then wave goodbye to Western stock market gains – April 13, 2020

Pity post-corona Millennials… if they don’t openly push socialism – April 14, 2020

No, the dollar will only strengthen post-corona, as usual: it’s a crisis, after all – April 16, 2020

Same 2008 QE playbook, but the Eurozone will kick off Western chaos not the US – April 18, 2020

We’re giving up our civil liberties. Fine, but to which type of state? – April 20,

2020

Coronavirus – Macron’s savior. A ‘united Europe’ – France’s murderer – April 22, 2020

Iran’s ‘resistance economy’: the post-corona wish of the West’s silent majority (1/2) – April 23, 2020

The same 12-year itch: Will banks loan down QE money this time? – April 26,

2020

The end of globalisation won’t be televised, despite the hopes of the Western 99% (2/2) – April 27, 2020

What would it take for proponents to say: ‘The Great Lockdown was wrong’? – April 28, 2020

ZeroHedge, a response to Mr. Littlejohn & the future of dollar dominance – April 30, 2020

Given Western history, is it the ‘Great Segregation’ and not the ‘Great Lockdown’? – May 2, 2020

The Western 1% colluded to start WWI – is the Great Lockdown also a conspiracy? – May 4, 2020

May 17: The date the Great Lockdown must end or Everything Bubble 2 pops – May 6, 2020

Reading Piketty: Does corona delay the Greens’ fake-leftist, sure-to-fail victory? – May 8, 2020

Picturing the media campaign needed to get the US back to work – May 11, 2020

Scarce jobs + revenue desperation = sure Western stagflation post-corona – May 13, 2020

France’s nurses march – are they now deplorable Michiganders to fake-leftists? – May 15, 2020

Why haven’t we called it ‘QE 5’ yet? And why we must call it ‘QE 2.1’ instead – May 16, 2020

‘Take your stinking paws off me, you damned, dirty public servant!’ That’s Orwell? – May 17, 2021

The Great Lockdown: The political apex of US single Moms & Western matriarchy? May 21, 2021

I was wrong on corona – by not pushing for a US Cultural Revolution immediately – May 25, 2021

August 1: when the unemployment runs out and a new era of US labor battles begin – May 28, 2021

Corona proving the loser of the Cold War was both the USSR & the USA – May 30, 2021

Rebellions across the US: Why worry? Just ask Dr. Fauci to tell us what to do – June 2, 2021

Protesting, corona-conscience, a good dole: the US is doing things it can’t & it’s chaos – June 3, 2021

Why do Westerners assume all African-Americans are leftists? – June 5, 2020

Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of the books Ill Ruin Everything You Are: Ending Western Propaganda on Red China’ and the NEW Socialisms Ignored Success: Iranian Islamic Socialism.

Weimar 2020

 BY GILAD ATZMON

weimar 2020.jpg

By Gilad Atzmon

Have you noticed the peculiar fact that despite the lockdown, the economic crisis, tens of millions unemployed and multiple corporations filing for bankruptcy, Wall Street is having a ball? CNBC‘s Jim Cramer examined this anomaly earlier a few days ago, his verdict:  “we’re looking at a V-shaped recovery in the stock market, and that has almost nothing to do with a V-shaped recovery in the economy. What is going on is one of the greatest wealth transfers in history.”

Jim Cramer: The pandemic led to ‘one of the greatest wealth transfers in history’ https://youtu.be/15pFQxG9wko

 How can the market rebound when the economy has not?  Cramer’s answer is so simple. “Because the market doesn’t represent the economy; it represents the future of big business.”

 Cramer points out that while small businesses are dropping like flies, big business—along, of course, with bigger wealth, is coming through the crisis virtually unscathed.

 Cramer projects that the transfer will have a “horrible effect” on the USA. We are already seeing a tsunami of bankruptcies. The economic fallout is inevitable. Federal data shows that the nation faces a 13.3 percent unemployment rate. The fortunes of U.S. billionaires increased by $565 billion between March 18 and June 4 while the same 11-week period also saw 42.6 million Americans filing jobless claims. The results are devastating, if hardly a news item: while the American people are getting poorer, the rich are getting richer.

 One would have thought that the American Left and progressive political institutions would be the first to be alarmed by these developments. We tend to believe that tempering the rich and their greed, caring for working people and fighting for equal opportunities and justice in general are the Left’s prime concerns.

The American reality,  however, suggests the opposite. Instead of uniting us in a fierce battle against Wall Street and its broad daylight robbery of what is left of American wealth, the American Left is investing its last drops of  political energy in a ‘race war.’ Instead of committing to the Left’s key ideological values, namely: class struggle that unites us into one angry fist of resistance against this theft and discrimination, and without regard to our race, gender, or sexual orientation, the American Left makes us fight each other.

 The  silence of the Left on the current Wall Street “wealth transfers” is hardly an accident.  American Left and Progressive institutions are supported financially and by Wall Street and global financiers. This funding means that, in practice, the American Left  operates as a controlled opposition. It maintains its relevance by sustaining social and racial tensions that draw attention away from Wall Street and its crimes. The so called ‘Left’ is also reluctant to point at  Wall Street and its current theft,  as such criticism, however legitimate,  would immediately be censured as ‘antisemitic’ by the Jewish institutions that have appointed themselves to police Western public discourse.

 There is plenty of  history of such divisive politics from the Left and the way it often ends up betraying the Working Class. The collapse of the German Left in the early 1930s is probably the most interesting case-study of this. 

 Prior to the 1929 economic collapse, Germany’s fascist movement was a relatively marginal phenomenon consisting of various competing factions. In the 1928 elections the Nazi Party received 2.8 percent (810,000 votes) of the general vote. But then the 1929 crash led to a rapid and sharp rise in unemployment;  from 1.2 million in June 1929 to 6 million in January 1932. Amidst the crisis, production dropped 41.4 percent from 1929 to the end of 1931, resulting in skyrocketing poverty.  Like millions of Americans at the moment, in the early 1930s millions of Germans spent many days and nights in food queues.

 One would assume that the collapse of capitalism would have been politically celebrated by the German Communists and Marxists as the Germans lost hope in ‘bourgeois democracy’ and capitalism alike.  The German Communist Party (KPD), like the Nazi party,  increased its power exponentially following the economic meltdown. Yet the German Left missed its golden opportunity. Despite the poverty and the austerity measures, it was Hitler who eventually won the hearts and the souls of the German working class. By the September 1930 election Hitler had won 18.3 percent  and then in July 1932 37.4 percent. In just four years the Nazis increased their support by 13 million votes.

 A lot has been written about the failure of the German Left, both Marxists and Communists, to tackle Hitler and Fascism. Some Marxists are honest enough to admit that it was actually the KPD, its authoritarian and divisive politics that paved the way for Hitler and Nazism.

 Like Stalin, the German KPD was quick to employ the term  ‘fascist’ to describe any and all political opponents. In an act of gradual self-marginalisation, the German Left reduced itself into irrational political noise that finally lost touch with reality. The KPD were so removed from understating the political transition in Germany that on January 30, 1933, the day Hitler was appointed Chancellor of Germany, the KPD foolishly declared: “After Hitler, we will take over!”

 Like the American radical  Left today, the KPD fought in street battles against the Nazis from 1929 to 1933.  These battles cost the lives of  hundreds of Nazis and KPD members. But in 1933 no political group paid as high a price in blood as the KPD. Nearly  a third of KPD members ended up in prison.  

 It is notable that one of the most concerning aspects of Left politics is the peculiar fact that agitators who claim to be inspired by ‘dialectics’ appear blind to their own ideological past. Consequently, they are detached from the present and totally removed from a concept of ‘future.’

 I have been saying for some time that Trump often makes the right decisions if always for the wrong reasons. For instance, he declared ‘a war’ on social media authoritarianism in the name of the 1st Amendment. Though this is clearly the right result, Trump is not motivated by any genuine concern for ‘freedom of speech’ or ‘human rights’ he is simply upset that his tweets are subject to ‘fact checks.’ The Left, peculiarly enough, tends to make the wrong decisions if usually for good reasons. Fighting racism is, no doubt, an important goal; Combating America’s police brutality or racial discrimination is a major crucial battle, however, fuelling a race conflict is the worst possible path toward eliminating both racism and discrimination. Such a tactic will only deepen the divide that already splits the American working class. I wonder whether this divide is exactly what the American Left is trying to achieve: is this possibly what it is paid to do?

 Today as American progressives and leftists  gear up for a long relentless battle, I have a little advice to offer. History teaches us that Fascism always wins when the conditions for a Marxist revolution are perfect. When you push for a race conflict and further fragmentation of the American society, bear in mind that you may end up facing a real Trump character (as opposed to Donald) that may be able to unite America and make it great for real, but you won’t find your place in it.   


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The Illusion of Economic Recovery Began in the US

By Stephen Lendman

Global Research, June 07, 2020

Protracted main street depression conditions have existed in the US since 2008 with no relief for ordinary Americans in prospect.

Before economic collapse this year, unemployment exceeded 20%, Labor Department numbers rigged to pretend otherwise.

The so-called U-3 BLS number omits working-age Americans without jobs who want them, including many longterm unemployed individuals not looking after months of failure to find employment.

Monthly BLS jobs report conceal what should be headline news, including that most US jobs created are poverty-wage, poor-or-no benefit temporary or part-time service industry ones.

Most households need two or more to survive. Living on the edge, they’re one or a few missed paydays from homelessness, hunger, despair and overall deprivation.

Record numbers of Americans are food insecure, the specter of hunger haunting the world’s richest country because its ruling class serves privileged interests exclusively at the expense of the public welfare.

It’s what the scourge of neoliberal harshness is all about, supported by both right wings of the one-party state.

It’s not a pretty picture. “America the beautiful” is a mirage in a nation where poverty is the leading growth industry — disturbing reality concealed by establishment media.

Michal Harrington explained the problem in 1962, things far worse today than what he described in his book titled “The Other America,” saying:

“In morality and in justice, every citizen should be committed to abolishing the other America, for it is intolerable that the richest nation in human history should allow such needless suffering.”

“But more than that, if we solve the problem of the other America, we will have learned how to solve the problems of all of America.”

Food insecurity, hunger, and unemployment haunted America at higher levels than at any time since the Great Depression before 2020 economic collapse began.

Now they’re off the charts with no near-or-longer-term plan for turning things around — just continued governance of, by, and for the privileged few alone at a time of a growing permanent underclass.

During the Great Depression, FDR explained that “one-third of (the US was) ill-housed, ill-clad (and) ill-nourished” — the problem far greater today than then.

It’s because unemployment is far greater now than in the 1930s, the highest in US history by far.

FDR’s “New Deal for the American people” was polar opposite today’s bipartisan conspiracy against public health and welfare.

He called “vast unemployment (of his time) the greatest menace to our social order,” calling for “social justice” that’s fast eroding today at a time when boosting it greatly is needed.

Friday’s jobs report concealed reality. Economist John Williams said BLS numbers are “not particularly credible.”

“Prior period downside revisions” weren’t explained, nor “revised methodologies and seasonal adjustments” that distorted reality.

Nearly 5 million unemployed Americans were counted as “employed, the third (consecutive) month of acknowledged misreporting.”

Last month’s reporting period was at a time of US lockdown nationwide.

Yet the BLS claimed 2.5 million new jobs were created — when millions of new weekly unemployment claims continue to be filed.

The report noted that hundreds of thousands more workers were permanently laid off because lost business isn’t coming back soon.

Hundreds of thousands of public workers continue to be let go, mostly at the state and local levels because of severe budget constraints, revenues falling way short of the ability to maintain public services at pre-economic crisis levels.

Through May into early June, data show the US economy contracting, far from expanding.

Key economic metrics contracted to record-low levels. Q II GDP is estimated to show around a 50% contraction, a number far exceeding anything during the Great Depression or any previous time in US history.

Based on how US unemployment was calculated pre-1990, Williams now puts it at 35%, over one-third of US workers without jobs.

Along with the vast majority of others underemployed, the US is a nation of paupers while its privileged class never had things better.

Notably the wealth of super-rich Americans is increasing during hard times while food banks are hard-pressed to feed millions of hungry Americans.

The USA is a nation in decline, a surging stock market concealing reality.

The Economic Policy Institute (EPI) said nationwide “economic pain” continues, stressing it’ll “be longstanding without” considerable federal aid — that’s not forthcoming.

California, the state with the nation’s largest economy, teeters on bankruptcy, needing $54 billion in federal aid to provide basic services.

Many are being slashed, including for health, education, and other vital programs.

New York, Illinois and other US states are face similar hard choices.

Instead of federal aid to states in need and to stimulate economic growth and jobs creation, trillions of federal dollars went to Wall Street and other corporate America favorites.

Crumbs alone have gone to the unemployed, the impoverished underemployed, the “ill-housed, ill-clad, and ill-nourished.”

While most US states ended lockdowns, others likely to end them in short order, mass unemployment remains at a record high.

Over 40 million Americans employed in January were fired, laid off, or furloughed, record numbers over a short period.

Small and medium-sized businesses were most affected, the backbone of the nation.

Around half of lost jobs are permanent because countless numbers of shut down companies face bankruptcy.

The Wall Street Journal reported that 722 US firms filed for Chapter 11 bankruptcy in May alone, a near-50% year-over-year increase, much more of the same ahead.

Many reopening won’t operate at previous levels, notably restaurants, hotels, airlines, shopping malls, retail stores, commercial real estate, enterprises related to tourism, and others relying on large gatherings like sports.

According to US bankruptcy attorney James Conlan, “we’re going to see an extraordinary number of large corporate bankruptcies, not just in the US but across the globe.”

The effects of unprecedented US economic collapse won’t magically turn around any time soon — especially with no federal economic stimulus and jobs creation programs planned.

Trump’s phony Friday claim about the US economy ready to take off like a “rocket ship” belies the dismal state of main street America — his regime and Congress doing nothing to turn things around.

What happens when millions of unemployed Americans can’t pay mortgage, car loans, or credit card bills.

Are mass evictions coming, numbers of homeless to increase exponentially, along with growing hunger?

The notion that Friday’s jobs report showed the beginning of economic recovery is belied by reality in US cities and towns nationwide.

Ongoing protests against institutionalized racism, inequality and injustice met by police violence reflect America’s dismal state.

It’s not about to change by the nation’s ruling class without sustained public activism in the streets for redress of longstanding grievances.

It’s the only way change ever comes. There’s no other way.

Power yields nothing without a demand. It never did and never will.

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Award-winning author Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net. He is a Research Associate of the Centre for Research on Globalization (CRG)

His new book as editor and contributor is titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”

http://www.claritypress.com/LendmanIII.html

Visit his blog site at sjlendman.blogspot.com.

Featured image is from Charleston’s The Digitel | CC BY 2.0The original source of this article is Global ResearchCopyright © Stephen Lendman, Global Research, 2020

Why America’s revolution won’t be televised

Why America’s revolution won’t be televised

June 03, 2020

by Pepe Escobar – posted with permission

The so far purely emotional insurrection lacks political structure and a credible leader to articulate grievances

The Revolution Won’t Be Televised because this is not a revolution. At least not yet.

Burning and/or looting Target or Macy’s is a minor diversion. No one is aiming at the Pentagon (or even the shops at the Pentagon Mall). The FBI. The NY Federal Reserve. The Treasury Department. The CIA in Langley. Wall Street houses.

People raise their hands and shout slogans as they protest at the makeshift memorial in honour of George Floyd on Tuesday in Minneapolis. Photo: AFP / Chandan Khanna

The real looters – the ruling class – are comfortably surveying the show on their massive 4K Bravias, sipping single malt.

This is a class war much more than a race war and should be approached as such. Yet it was hijacked from the start to unfold as a mere color revolution.

US corporate media dropped their breathless Planet Lockdown coverage like a ton of – pre-arranged? – bricks to breathlessly cover en masse the new American “revolution.” Social distancing is not exactly conducive to a revolutionary spirit.

There’s no question the US is mired in a convoluted civil war in progress, as serious as what happened after the assassination of Dr Martin Luther King in Memphis in April 1968.

Yet massive cognitive dissonance is the norm across the full “strategy of tension” spectrum. Powerful factions pull no punches to control the narrative. No one is able to fully identify all the shadowplay intricacies and inconsistencies.

Hardcore agendas mingle: an attempt at color revolution/regime change (blowback is a bitch) interacts with the Boogaloo Bois – arguably tactical allies of Black Lives Matter – while white supremacist “accelerationists” attempt to provoke a race war.

To quote the Temptations: it’s a ball of confusion.

Antifa is criminalized but the Boogaloo Bois get a pass (here is how Antifa’s main conceptualizer defends his ideas). Yet another tribal war, yet another – now domestic – color revolution under the sign of divide and rule, pitting Antifa anti-fascists vs. fascist white supremacists.

Meanwhile, the policy infrastructure necessary for enacting martial law has evolved as a bipartisan project.

Protesters jump on a street sign near a burning barricade near the White House during a demonstration against the death of George Floyd on May 31, 2020 in Washington, DC. Photo: AFP

We are in the middle of the proverbial, total fog of war. Those defending the US Army crushing “insurrectionists” in the streets advocate at the same time a swift ending to the American empire.

Amidst so much sound and fury signifying perplexity and paralysis, we may be reaching a supreme moment of historical irony, where US homeland (in)security is being boomerang-hit not only by one of the key artifacts of its own Deep State making – a color revolution – but by combined elements of a perfect blowback trifecta:  Operation PhoenixOperation Jakarta; and Operation Gladio.

But the targets this time won’t be millions across the Global South. They will be American citizens.

Empire come home

Quite a few progressives contend this is a spontaneous mass uprising against police repression and system oppression – and that would necessarily lead to a revolution, like the February 1917 revolution in Russia sprouting out of the scarcity of bread in Petrograd.

So the protests against endemic police brutality would be a prelude to a Levitate the Pentagon remix – with the interregnum soon entailing a possible face-off with the US military in the streets.

But we got a problem. The insurrection, so far purely emotional, has yielded no political structure and no credible leader to articulate myriad, complex grievances. As it stands, it amounts to an inchoate insurrection, under the sign of impoverishment and perpetual debt.

Adding to the perplexity, Americans are now confronted with what it feels like to be in Vietnam, El Salvador, the Pakistani tribal areas or Sadr City in Baghdad.

Iraq came to Washington DC in full regalia, with Pentagon Blackhawks doing “show of force” passes over protestors, the tried and tested dispersal technique applied in countless counter-insurgency ops across the Global South.

And then, the Elvis moment: General Mark Milley, chairman of the Joint Chiefs of Staff, patrolling the streets of DC. The Raytheon lobbyist now heading the Pentagon, Mark Esper, called it “dominating the battlespace.”

Well, after they got their butts kicked in Afghanistan and Iraq, and indirectly in Syria, full spectrum dominance must dominate somewhere. So why not back home?

Troops gather during a demonstration on June 1, 2020 in Washington, DC. Photo: Joshua Roberts/Getty Images/AFP

Troops from the 82nd Airborne Division, the 10th Mountain Division and the 1st Infantry Division – who lost wars in Vietnam, Afghanistan, Iraq and, yes, Somalia – have been deployed to Andrews Airbase near Washington.

Super-hawk Tom Cotton even called, in a tweet, for the 82nd Airborne to do “whatever it takes to restore order. No quarter for insurrectionists, anarchists, rioters and looters.” These are certainly more amenable targets than the Russian, Chinese and Iranian militaries.

Milley’s performance reminds me of John McCain walking around in Baghdad in 2007, macho man-style, no helmet, to prove everything  was OK. Of course: he had a small army weaponized to the teeth watching his back.

And complementing the racism angle, it’s never enough to remember that both a white president and a black president signed off on drone attacks on wedding parties in the Pakistani tribal areas.

Esper spelled it out: an occupying army may soon be “dominating the battlespace” in the nation’s capital, and possibly elsewhere. What next? A Coalition Provisional Authority?

Compared to similar ops across the Global South, this will not only prevent regime change but also produce the desired effect for the ruling oligarchy: a neo-fascist turning of the screws. Proving once again that when you don’t have a Martin Luther King or a Malcolm X to fight the power, then power crushes you whatever you do.

Inverted Totalitarianism

The late, great political theorist Sheldon Wolin had already nailed it in a book first published in 2008: this is all about Inverted Totalitarianism.

Wolin showed how “the cruder forms of control – from militarized police to wholesale surveillance, as well as police serving as judge, jury and executioner, now a reality for the underclass – will become a reality for all of us should we begin to resist the continued funneling of power and wealth upward.

“We are tolerated as citizens only as long as we participate in the illusion of a participatory democracy. The moment we rebel and refuse to take part in the illusion, the face of inverted totalitarianism will look like the face of past systems of totalitarianism,” he wrote.

Sinclair Lewis (who did not say that, “when fascism comes to America, it will come wrapped in the flag and waving the cross”) actually wrote, in It Can’t Happen Here (1935), that American fascists would be those “who disowned the word ‘fascism’ and preached enslavement to capitalism under the style of constitutional and traditional native American liberty.”

So American fascism, when it happens, will walk and talk American.

George Floyd was the spark. In a Freudian twist, the return of the repressed came out swinging, laying bare multiple wounds: how the US political economy shattered the working classes; failed miserably on Covid-19; failed to provide affordable healthcare; profits a plutocracy; and thrives on a racialized labor market, a militarized police, multi-trillion-dollar imperial wars and serial bailouts of the too big to fail.

Instinctively at least, although in an inchoate manner, millions of Americans clearly see how, since Reaganism, the whole game is about an oligarchy/plutocracy weaponizing white supremacism for political power goals, with the extra bonus of a steady, massive, upwards transfer of wealth.

US President Donald Trump walks back to the White House escorted by the Secret Service after appearing outside of St John’s Episcopal church across Lafayette Park in Washington, DC, June 1, 2020. Photo: AFP/ Brendan Smialowski

Slightly before the first, peaceful Minneapolis protests, I argued that the realpolitik perspectives post-lockdown were grim, privileging both restored neoliberalism – already in effect – and hybrid neofascism.

President Trump’s by now iconic Bible photo op in front of St John’s church – including a citizen tear-gassing preview – took it to a whole new level. Trump wanted to send a carefully choreographed signal to his evangelical base. Mission accomplished.

But arguably the most important (invisible) signal was the fourth man in one of the photos.

Giorgio Agamben has already proved beyond reasonable doubt that the state of siege is now totally normalized in the West. Attorney General William Barr now is aiming to institutionalize it in the US: he’s the man with the leeway to go all out for a permanent state of emergency, a Patriot Act on steroids, complete with “show of force” Blackhawk support.

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