Monday, October 24, 2016

Rigged Elections Are An American Tradition

By Paul Craig Roberts and originally published at
Do Americans have a memory? I sometimes wonder. 
It is an obvious fact that the oligarchic One Percent have anointed Hillary, despite her myriad problems to be President of the US. There are reports that her staff are already moving into their White House offices. This much confidence before the vote does suggest that the skids have been greased. 
The current cause celebre against Trump is his conditional statement that he might not accept the election results if they appear to have been rigged. The presstitutes immediately jumped on him for “discrediting American democracy” and for “breaking American tradition of accepting the people’s will.” 
What nonsense! Stolen elections are the American tradition. Elections are stolen at every level—state, local, and federal. Chicago Mayor Richard J. Daley’s theft of the Chicago and, thereby, Illinois vote for John F. Kennedy is legendary. The Republican US Supreme Court’s theft of the 2000 presidential election from Al Gore by preventing the Florida vote recount is another legendary example. The discrepancies between exit polls and the vote count of the secretly programmed electronic voting machines that have no paper trails are also legendary.
So what’s the big deal about Trump’s suspicion of election rigging?
The black civil rights movement has fought vote rigging for decades. The rigging takes place in a number of ways. Blacks simply can’t get registered to vote. If they do get registered, there are few polling places in their districts. And so on. After decades of struggle it is impossible that there are any blacks who are not aware of how hard it can be for them to vote. Yet, I heard on the presstitute radio network, NPR, Hillary’s Uncle Toms saying how awful it was that Trump had cast aspersion on the credibility of American election results. 
I also heard a NPR announcer suggest that Russia had not only hacked Hillary’s emails, but also had altered them in order to make incriminating documents out of harmless emails.
The presstitutes have gone all out to demonize both Trump and any mention of election rigging, because they know for a fact that the election will be stolen and that they will have the job of covering up the theft.
Don’t believe the polls that say Hillary won the Q&A sessions or the polls that say Hillary is ahead in the election. Pollsters work for political organizations. If pollsters produce unwelcome results, they don’t have any customers. The desired results are that Hillary wins.
The purpose of the rigged polls showing her to be ahead is to discourage Trump supporters from voting.
Don’t vote early. The purpose of early voting is to show the One Percent how the vote is shaping up. From this information, the oligarchs learn how to program the electronic machines in order to elect the candidate that they want.

Sunday, October 23, 2016

Paradigms of Beauty

By Jill Carattini and originally published at
Dale Henderson gives cello concerts in New York City subway stations because he fears the day when classical music will be no more. He plays for free, focusing primarily on Bach Solo Cello Suites because their “power and beauty unfailingly inspire great appreciation, joy and deep emotion in those who hear them.”(1) Some commuters stop and stare, curious or captivated, many having never heard a cello or Bach concerto before. For Henderson, the music is an offering of something meaningful, seeds for future generations of classical music admirers who would not otherwise know it, beauty well worth lugging his heavy cello down into the subways to protect.
It is not always easy to talk about beauty without a minefield of objections or at best complicating list of qualifiers. Its modern place in the “eye of the beholder” gives it a tenuous feel at best. Its ancient place as a perfect and ancient ideal is equally held with abstraction. While Henderson describes a world without classical music as soul-less, others may not miss it so much. And the contrast of beauty in a broken and breaking world makes its distinctive encounters increasingly stand out.
Photo by Lou Hablas.
One author describes the common, but individual, effect of our varied encounters of the beautiful this way: “‘Beauty’ seems suited to those experiences that stop us in our tracks. Whether it’s a painting called Broadway Boogie-Woogie or a scherzo by Paganini, the beautiful is conducive to stillness. It doesn’t excite us, or necessarily instill in us the desire to replicate it; it simply makes us exist as though we’re existing for that very experience.”(2) His words are rife with the power of beauty to create longing, a desire to somehow participate. Beauty indeed leaves us with the ache of longing for another taste, another glimpse. And for each of us, this longing can come at unique or unsuspecting times—at the spectacular sight of the giant sequoias or a tiny praying mantis, at a concert or watching a First Nation powwow and taking in the colors, the drums, the survival of a betrayed people.
But to suggest that beauty is simply a spectator’s preference, an individual’s pursuit of an abstracted and timeless ideal, is to miss something significant. For what of those moments when beauty is neither pleasant nor pretty, but haunting? What of a broken or wounded beauty? What of the communal ache of beauty? The well-known scene in Elie Wiesel’s account of the Holocaust when describes a young man named Juliek, an incredibly gifted violinist from Warsaw. Wiesel describes the night when Juliek, on the brink of death, played a Beethoven concerto in the dark for that group of dying, starving men. Wiesel remembers the intensely beautiful, sad and haunting music, noting that it was as if Juliek was playing his very life upon that violin, offering a lament for each of them. Their encounter with the beauty of the composition was humanizing, made all the more jarring in such a dark and dehumanizing setting. In the morning they woke to find Juliek dead, his violin crushed on the floor beside him.
The sometimes haunting interplay between the presence of beauty and its absence, the space between beauty and brokenness only contributes to beauty’s power to stop and still us. But how do we account for it? The severe absence of beauty can stir a common ache within us, a longing that is inexplicable if beauty is merely accidental or an abstraction divorced from reality. Musician and professor Jeremy Begbie suggests another way, “Beauty… has all too often been abstracted from time and temporal movement, and been turned into a static, timeless quality. Suppose, however, we refuse to divorce it from the transformation of the disorder of creation in the history of Jesus Christ. Suppose we begin there? Does this not open up a more dynamic paradigm of beauty?”(3)
The Christian imagination indeed presents a God who not only created and noticed beauty, whose own glory offers present encounters in the world, but the God who is not unfamiliar with the world’s brokenness, transforming a disordered creation by stepping closer into it in Jesus Christ. This is a God who takes all the glimpses and introduces the whole—not as an escape from reality but a deepening of it, one that can hold life as well as death.
I remember vividly one summer when I was working with a group of kids in an afterschool program and a young girl was stung by a bee. She had a severe reaction and the paramedics were unable to revive her. Sitting with one of her young friends at the funeral, somewhere in the middle of it she turned to me with tears in her eyes and said, “The cut on her face will never heal.” The young girl had a little cut on her forehead from some previous playground encounter, and her friend made this observation in the midst of her own shock and grief. I remember thinking how incredibly insightful her words really were. She was noticing something very simple, but there was something quite profound in her thought. She seemed to be saying instinctively that this wasn’t right, that wounds are meant to heal, that the broken parts of life are not okay: indeed, that wholeness is both our stubborn longing and a most profound calling.
Remarkably, in this little girl’s comment is something that every prophet in the Bible has said—the ones who were trying desperately to open the people’s eyes to the glory of God around them and the ones who were pointing out the absence of glory. Each of them looked around the world, and seeing its broken cuts and ugly blemishes, cried out instinctively, “This is not the way it’s supposed to be!” We were made for wholeness and flourishing. We were made in the image of a kind and present Creator.
Perhaps beauty has an effect on us because it hints at this beauty of God, with signals that come not intangibly but, like Jesus Christ, within time and community, and thus invite the hope of the possibility of transformation. For God’s beauty is one that is able to embrace life as well as death, a beauty somehow both heart-breakingly entwined with brokenness and offering something transformingly whole: the broken and risen human Son in whom we are carried into the love of the Father by the Spirit.
Whether a fleeting glimpse in the subway or a quiet act of kindness, whether something that stirred a community or stood up to a culture, each of these dim glimpses suggests not an escape from reality but a calling further into it, such that when we see the face of God we shall know that we have always known it.

Jill Carattini is managing editor of A Slice of Infinity and director of theology and arts at Ravi Zacharias International Ministries in Atlanta, Georgia. 

(1) Pia Catton, “A Musician for the Masses Improves His Station,” Wall Street Journal, December 31, 2010.
(2) Arthur Krystal, “Hello, Beautiful: What We Talk About When We Talk About Beauty,” Harpers, September 10th, 2010.
(3) Jeremy Begbie, Voicing Creation’s Praise: Towards a Theology of the Arts (New York: T&T Clark, 2006), 224.

Saturday, October 22, 2016

MSM Lies for Hillary, Russia US Closer to War, Economic Update

1aaaBy Greg Hunter’s
The mainstream media (MSM) is totally lying to the public about everything from voter fraud to Wiki Leaks. There are many current examples of possible voter fraud such as the recent revelation by the Pew Center that 24 million U.S. voter registrations are “significantly inaccurate.” Pew Center also says there are 1.8 million dead people still on the voter rolls. The other part of the MSM lie is done by omission. The MSM is simply not covering major news stories that are negative to the Clinton campaign. I’ve said it before and I’ll say it again, this is pure fraud on shareholders and the public by so-called news organizations that are really functioning as Democrat propaganda shills.
The U.S. and Russia are moving closer to war. Now, it is reported that Russia is preparing 40 million of its people for nuclear war with training exercises. Russia is also threatening the U.S. with “painful” retaliation if tougher sanctions are imposed.
Another big-time money manager is warning of a stock market crash. Mohamed El-Erian is warning of “enormous risk” and says it’s better to be a seller of the stock market right now than a buyer.
Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.

Friday, October 21, 2016

Welcome to Neocolonialism, Exploited Peasants!

The U.S. peasantry has been stripmined exactly like the powerless colonial peasantry in the old colonial model

By Charles Hugh Smith and originally published at
In my latest interview with Max Keiser, Max asked a question of fundamental importance: (I paraphrase, as the interview has not yet been posted): now that the current iteration of capitalism has occupied every corner of the globe, where can it expand to for its "growth"?
My answer: neocolonialism, my term for the financialized quasi-colonial exploitation of the home domestic population. I described this dynamic in The E.U., Neofeudalism and the Neocolonial-Financialization Model(May 24, 2012).
We all know how old-fashioned colonialism worked: the imperial power takes political and economic control of previously independent lands.
In the traditional colonial model, there are two primary benefits:
1. The imperial power (the core) extracts valuable commodities and low-cost labor from its colony (the periphery)
2. The imperial power sells its own high-margin manufactured goods to the captured-market of its colony.
This buy low, sell high dynamic is the heart of colonialism, which can be understood as one example of the The Core-Periphery Model (June 11, 2013).
The book Sweetness and Power: The Place of Sugar in Modern History is an excellent history of how this model worked for Great Britain.
The Imperial Core controls finance and credit via its multinational banking sector, and it maintains high profit margins via its state-cartel model of production. The state enforces a cartel-crony-capitalist pricing structure in which competition is strictly limited to street stalls and black markets, and the corporatocracy can raise prices at will: for example, pharmaceutical products such as Epi-Pens can be repriced at will from $60 to $600 each.
If the colonists resist, the resisters are silenced and the media brought under control of the Imperial Deep State. (Sound familar? It should.)
This traditional model of colonialism was forcibly dismantled in the 1940s-1960s. Former colonies established their political independence, a process that diminished the wealth and global reach of former colonial powers.
In response, global financial powers sought financial control rather than political control. This is the key dynamic in the Neocolonial-Financialization Model, which substitutes the economic power of financialization (debt, leverage and speculation fueled by globalized mobile capital) for the raw power of political conquest.
The main strategy of financialization is: extend cheap credit to those with limited access to capital. Those with limited access to capital will agree to penalties, high interest rates, etc. because they have no other way to acquire a university degree, a mortgage, a vehicle, etc.
These tactics have been well-documented in books such as The Shock Doctrine: The Rise of Disaster Capitalism and Confessions of an Economic Hit Man.
But the economic pillaging of former colonies has limits, and as a consequence the Imperial financial powers developed the Neocolonial Model, which turns these same techniques on their domestic populations.
In the E.U. version of Neocolonialism, the forces of financialization are used to indenture the peripheral Elites and populaces to the financial core: the peripheral "colonials" borrow money to buy the finished goods manufactured in the core economies, enriching the ruling Elites with A) the profits made selling goods to the debtors B) interest on credit extended to the peripheral colonies to buy the core economies' goods and "live large", and C) the transactional skim of financializing peripheral assets such as real estate and State debt.
In essence, the core banks of the EU colonized the peripheral nations via the financializing euro, which enabled a massive expansion of debt and consumption in the periphery. The banks and exporters of the core extracted enormous profits from this expansion of debt and consumption.
Now that the financialization scheme of the euro has run its course, the periphery's neocolonial standing is starkly revealed: the assets and income of the periphery are flowing to the core as interest on the private and sovereign debts that are owed to the core's central bank and its money-center private banks.
Note how little of the Greek "bailout" actually went to the citizenry of Greece and how much was interest paid to the financial powers.
This is not just the perfection of neocolonialism but of neofeudalism as well. The peripheral nations of the EU are effectively neocolonial debtors of the core, and the taxpayers of the core nations are now feudal serfs whose labor is devoted to making good on any loans to the periphery that go bad.
Neocolonialism benefits the financial Aristocracy of both the core and periphery. This is ably demonstrated in the recent essay Misrule of the Few: How the Oligarchs Ruined Greece.
In the U.S., the Neocolonial-Financialization Model now dominates the U.S. economy. America's debt-serfs now toil their entire lives to pay down student loans, mortgages, auto loans and a host of other debts. High debt loads stripmine their earnings (already declining due to hidden inflation) and makes it difficult to acquire any income-producing assets of their own.
Note that the wealthy own productive assets while the peasantry "own" debt.
We are now reaching the limis of the predatory, parasitic Neocolonial-Financialization Model. There are no more markets to exploit with financialization, the incomes of the debt-serfs have stagnated to the point they cannot take on any more debt and the reality that the mountains of debt are unpayable can no longer be masked.
No wonder the Ruling Elite Has Lost the Consent of the Governed. The U.S. peasantry has been stripmined exactly like the powerless colonial peasantry in the old colonial model, and they are finally identifying their oppressors: the ruling Elite of the U.S.

Thursday, October 20, 2016

New FBI Docs Reveal ‘Shadow Government’ Protected Hillary in Email Investigation

By Alice Salles and originally published at
While serving as Secretary of State under President Barack Obama, Democratic presidential nominee Hillary Clinton “blatantly” disregarded protocol, an issue that prompted an official to say that there was a “stark difference” between Clinton’s “obedience to security and diplomatic protocols” and the behavior of former Secretary of State Condoleezza Rice. The details come from a Federal Bureau of Investigation (FBI) report released Monday.
This frequently resulted in complaints by ambassadors who were insulted and embarrassed by this breach of protocol,” the summary reads. According to the FBI docs, the interviewee also added that “Clinton’s [use of a private email server was] well known throughout Diplomatic Security, and [breaches] were ‘abundant.’”
The 100-page document contains interview summaries conducted by the FBI along with notes from its agents, which may offer the public a glimpse into the government’s official Clinton email investigation.
The last 100-page release is the fourth installment of documents related to the Clinton email probe recently released by the FBI. The most recent release also contains allegations regarding a “quid pro quo” request from Patrick F. Kennedy, the undersecretary of state for management, among other claims.
According to the FBI document, Kennedy “pressured FBI agents to change the classification on sensitive documents found on Hillary Clinton’s private email server” in “exchange for a ‘quid pro quo.’” Promptly after the document’s release, both the FBI and State Department denied such an arrangement took place — but that didn’t stop the U.S. House Committee on Oversight and Government Reform from demanding more information on the exchange.
In a letter addressed to Secretary of State John Kerry, the committee chair, Rep. Jason Chaffetz (R-CA), along with Rep. Devin Nunes (R-CA), the chair of the U.S. House Permanent Select Committee on Intelligence, claimed to have reasons to believe Kennedy “inappropriately influenced the review of Secretary Clinton’s emails.
Despite the uproar the release sparked due to the bribery allegations, some news organizations took particular interest in the FBI document’s mention of “the Shadow Government,” a group of “very high-ranking STATE officials that some referred to as ‘The 7th Floor Group’ or ‘The Shadow Government.’
According to the FBI probe, “[t]his group met every Wednesday afternoon to discuss the FOIA process, Congressional records, and everything CLINTON-related to FOIA/Congressional inquiries.”
In the letter to Secretary Kerry, Chaffetz and Nunes added that members of the Shadow Government included Kennedy and “several former attorneys from the law firm that has represented [Clinton] in this investigation, Williams & Connolly LLP,” suggesting Clinton’s legal representatives may have influenced the FBI much like Kennedy attempted to.
Both congressmen are now urging Kerry to remove Kennedy from his post until further investigation can show proof the undersecretary did not have anything to do with the FBI’s decision not to prosecute Clinton.
In the FBI’s summary, the Shadow Government is said to have urged the FBI to drop the investigation documents all at once “for coordination purposes.” This information comes from an unidentified person, the FBI documents claim.
Usually, the bureau releases investigation documents on a rolling basis, releasing batches of investigation documents in its official vault. The group of very high-ranking State officials allegedly urged officials to do the opposite, but they did not get their way.
Regardless, after announcing the investigation had been concluded, FBI Director James Comey decided not to prosecute former Secretary of State Clinton, claiming the move was apolitical.
I want the American people to know we really did this the right way,” Comey said in July. “You can disagree with us, but you cannot fairly say we did it in any kind of political way. We don’t carry water for anybody. We were trying to do what the right thing is.”
At the time, Comey explained he arrived at that particular decision because “no reasonable prosecutor would bring this case, no reasonable prosecutor would bring the second case in 100 years focused on ‘gross negligence.’” Nevertheless, the FBI’s own notes seem to argue that Clinton and her State Department minions may have been involved in criminal acts other than gross negligence.

Wednesday, October 19, 2016

Global Elites Are Getting Ready To Blame You For The Coming Financial Crash

By Brandon Smith and originally published at
Those people that have any doubts about where the narrative is headed for global economic stability simply have not been paying attention lately.
As I pointed out in my pre-Brexit referendum article, Brexit: Global Trigger Event, Fake Out Or Something Else?, the story being scripted by the globalists is one of the “failures and crimes" of conservative movements. I predicted that the Brexit would pass based on this language used by international financiers and elites leading up to the vote.
The vast majority of analysts in the mainstream and in the alternative media refused to acknowledge the possibility that a successful Brexit actually works in FAVOR of the globalists, because it provides them a perfect scapegoat for a financial crisis that has been broiling for years and is now ready to burst into flames. I find still that many people will not dare to consider the idea that a successful conservative resurgence is actually part of the plan for globalist institutions. Many argue that the elites just don’t have that kind of pervasive control over the system, or that I am attributing “too much power and ability” to them.
I find this argument rather naive but also interesting, because many of the people that claim the elites do not have such influence were also the same people that argued before the Brexit that the elites would “never allow” the U.K. referendum to pass. So, do they have extensive influence, or don’t they?  This kind of selective blindness to the game being played prevents a whole host of otherwise intelligent people from grasping reality.
These folks need to finally admit to themselves that they were half right; the globalists would not allow the passage of the Brexit, UNLESS, a successful Brexit actually works in their favor.
In my post-Brexit analysis I said that the meme of bumbling and destructive conservatives and “populists” would continue into the U.S. election, and so far it would seem this is exactly the case. In numerous mainstream articles globalists have been openly telling us exactly what is about to happen.
I find that the same naivety that developed during the Brexit campaign has also developed around the Trump campaign. Too many in the liberty movement will not entertain the idea that a Trump win is in the cards. Yet, the elites are using the same language in reference to the Trump campaign that they used before and after the Brexit.
Bloomberg’s latest report on the annual meetings of the IMF and World Bank showcase numerous warnings by the elites:
The global economy has benefited tremendously from globalization and technological change,” the IMF’s top advisory panel said in a communique released on Saturday after meeting in Washington. “However, the outlook is increasingly threatened by inward-looking policies, including protectionism, and stalled reforms.”
The IMF warned in its latest economic outlook that rising political tensions over open markets and free trade could undermine a recovery already lacking a growth engine.”
In a rebuke to those advocating a turn away from trade, the members of the IMF panel redoubled their commitment to “maintain economic openness and reinvigorate global trade as a critical means to boost global growth.”
Barron’s reiterates the predictive programming, insinuating that a loss of faith in globalism and the financial elites will lead to disaster.
Leaders gathered at the International Monetary Fund/World Bank annual meeting didn’t mention Donald Trump by name this week, but they warned the anti-trade and populist movements fueling his presidential campaign, as well as Brexit, could further slow already anemic economic growth.”
“…Populist movements have not fallen on deaf ears, with German Finance Minister Wolfgang Schaeuble noting during a panel on the global economy that: “More and more, people don’t trust their elites. They don’t trust their economic leaders, and they don’t trust their political leaders.”
Globalists are telling us what is about to happen.
I continue to hold to the position I always have — that Donald Trump is going to be ALLOWED into the White House, and that this will be a prelude to economic crisis. The stage is being set for a grand finale to our ongoing financial collapse. The great villain behind the whole disaster will be revealed, and we will be told that the villain is us.
By “us" I mean conservative movements in general, though, the mainstream media and globalist spokesmen refer to us more often today as “populists", or maybe "deplorables". Those people who think this brand of “conspiracy” is too far fetched because it requires an inordinate level of political and economic control have not really thought the situation through.
Fact - central banks and international financiers have already created the conditions necessary for economic instability. Fact - these same elites have staved off a larger or more immediate collapse over the past eight years through the use of fiat stimulus measures, market rigging and the manipulation of public perception. Fact - the elites can easily initiate an immediate collapse if they wish by simply refusing to prop up the system any longer. Fact - the elites have showcased the ability to stifle conservative movements in the past through interference and co-option (Tea Party, anyone?). Fact - they can also give conservative movements an opportunity to gain momentum by removing some of this interference.
The truth is, at this point globalists do not need expansive or intricate control over the system in order to cause a crisis or to place conservatives in the historical hot seat. All they have to do is step aside and let the train wreck happen. And, of course, they have to position themselves as prognosticators and saviors once the crisis event occurs.
The argument also arises that “people would never take the bait;” that the masses will not be fooled by the banking cabal into scapegoating conservatives for a crash the elites created. One can only hope. However, possession is nine-tenths of the law in the minds of many, and the mainstream has already conditioned the public with the notion that the mere presence of anti-globalist conservatives in positions of political authority will negatively affect market psychology.
Of course, this notion relies on the admission of certain truths. For example, the globalists would have to admit that the fiscal system they have held together is so tenuous and fraudulent that it depends solely on false public perception and false investor assumptions. In order to blame conservatives for the destruction of the global economy, the elites will have to tell the truth about the frailty of the system before they can lie about who broke it.
This may not matter. When people are facing national or international calamity with the potential to hurt them personally, critical thinking and logic tend to go out the window.
There is also the power of distraction to occupy the minds of the masses while a crisis is taking shape, and what could be more distracting than the Trump vs. Clinton U.S. election? I have to say, I don’t think I have ever witnessed or seen a historical accounting of an election more psychotic than the election of 2016. It is truly the most divisive event in over a century, and this is why I consistently compare it to the Brexit referendum.
The tone is very much the same, with citizens on the Left side of the political spectrum being lured into rallying in support of globalism as if it is a prerequisite to peace and harmony, while citizens on the Right side of the spectrum are portrayed as knuckle dragging isolationist barbarians hell-bent on urinating in the punch bowl and ruining everyone’s global prosperity party.
Brexit supporters were painted as older, selfish, potentially racist and out of touch with the changing times. Brexit opponents were painted as young, educated and victimized by older generations taking away the supposed future benefits of globalism.
Trump supporters are labeled as older, mostly white-centric, uneducated and fearful of the changing times. They just “don’t get” that it’s 2016. Trump opponents are elevated as the academic and worldly class battling to prevent another Hitler.
During the lead up to the U.K. referendum, polls indicated a wide margin in favor of the anti-Brexit crowd and the assumption by almost everyone was that the Brexit would fail.
The lead up to the U.S. election is also rife with polls indicating in most cases a margin of victory for Clinton over Trump. Of course, only a complete idiot would take polling numbers seriously in light of what happened during the Brexit.
The Brexit campaign witnessed what appeared to some to be an unrecoverable black swan event - the killing of British MP Jo Cox. Almost everyone claimed that the murder of Cox by an apparently pro-Brexit assailant meant that the Brexit was doomed (I actually argued that the murder would be forgotten in a week and that the Brexit would pass anyway).
The Trump campaign has witnessed its own kind of “black swan” event with the release of recordings from eleven years ago in which Trump is heard making “lewd remarks” about women. It is surprising to me how many conservatives (let alone liberals) have been declaring Trump’s candidacy effectively “over” due to the scandal. These people are dupes.
Once again, I argue that the Trump tapes will be forgotten in a week and that they have no bearing whatsoever on the election. They are nothing more than bread and circus. Beyond the fact that really, almost no one cares what Trump said a decade ago, I argue that this election has already been decided. I argue that the globalists want Trump in office, just as they wanted the passage of the Brexit. I argue that they need conservative movements to feel as though we have won, so that they can pull the rug out from under us in the near future. I argue that we are being set up.
Again, the elites are openly telling us what is about to happen. They are telling us that if “populists” (conservatives) gain political power, the system will effectively collapse. To what extent is hard to say, but let’s assume that the situation will be ugly enough to influence the masses to reconsider the ideal of globalism as a possible solution. The elites are fond of the Hegelian dialectic and the philosophy of “order out of chaos,” after all.
The only way to counter this developing lie is for liberty champions to first accept the idea that our political victories might be ultimately meaningless and that we are being allowed to take charge of a ship that is already sinking. Only then can we distance ourselves from an exponential fiscal disaster by distancing ourselves from the narrative.
Perhaps I am wrong, and in November we see a dismal Trump performance and a Clinton victory. But if we see a “surprise” Trump election win, just as we saw a surprise Brexit win, then it may be time to consider that the surface of this situation is not what it appears.

Tuesday, October 18, 2016

Hillary: Deceit, Debt, Delusions (Part 2)

By Jim Quinn and originally published at
In Part One of this article I addressed the deceit of Hillary Clinton and politicians of all stripes as they promise goodies they can never pay for, in order to buy votes and expand their power and control over our lives.
I created the chart below for an article I wrote in 2011 when the national debt stood at $14.8 trillion, with my projection of its growth over the next eight years. I predicted the national debt would reach $20 trillion in 2016 and was ridiculed by arrogant Keynesians who guaranteed their “stimulus” (aka pork) would supercharge the economy and result in huge tax inflows and drastically reduced deficits. As of today, the national debt stands at $19.7 trillion and is poised to reach $20 trillion by the time “The Hope & Change Savior” leaves office on January 20, 2017. I guess I wasn’t really a crazed pessimist after all. I guarantee the debt will reach $25 trillion by the end of the next presidential term, unless the Ponzi scheme collapses into financial depression and World War 3 (a strong probability).
The total disregard for the most perilous issue confronting the nation by politicians of all stripes is a national disgrace, proving beyond a doubt the elite ruling class has no conscience, no sense of morality, and no loyalty to the common people or future generations. The sociopaths who act as if they are in control addressed the 2008 global debt meltdown by adding tens of trillions in new debt to an already unsustainable system, setting the world on a course towards total financial collapse and world war.
There is no denying Wall Street, through the greatest control fraud in history, purposely generated trillions in bad mortgage products, bundled them in packages of indecipherable derivatives, bribed and threatened the rating agencies for fake AAA ratings, sold them to unsuspecting clients, while simultaneously shorting them, and proceeded to destroy the global financial system in the process.
The national debt at the outset of this crisis was $10 trillion, with total US credit market debt of $54.5 trillion. The debt was too damned high. A massive deleveraging needed to take place, wiping out the bad debt and those banks who gambled and lost. But, those who would have lost were establishment Wall Street bankers, billionaires and politically connected players. The establishment circled the wagons, instructed their puppets at the Federal Reserve to do whatever necessary to save Wall Street, rolled out trillions of Keynesian claptrap spending schemes, and threw Main Street and specifically senior citizens under the bus.
Eight years later the national debt stands at $19.7 trillion and total credit market debt has leaped to over $64 trillion. The Fed has conspired with other central banks around the world (specifically the ECB and JCB) to follow suite, driving global debt to an all-time high of $152 trillion – 225% of a rapidly slowing world GDP. And this doesn’t include the trillions of bad debt within the financial sector, as insolvent banks like Deutsche Bank, all Greek, Italian and Spanish banks, and Citigroup teeter on the edge. Rogoff and Reinhart proved when the debt to GDP ratio in countries exceeds 90%, financial catastrophe isn’t far behind. What does that say about our global economy?
We have the greatest debt bubble in world history and neither presidential candidate thinks it worthy of 30 seconds during two 90 minute debates. Instead they focus on the important stuff like pussy, bimbo eruptions, emails, and mean talk. The proposals of both candidates would turbocharge already skyrocketing deficits. The people of this country should be scared shitless about the debt. But instead they are focused like a laser beam on Kim Kardashian’s latest escapade, twitter wars, facebook pictures of a distant cousin’s toe fungus, and the latest adventures of the Housewives of NY, NJ, OC, or Atlanta.
All honest borrowers know debt must be repaid. The U.S. government is not an honest borrower. With the national debt rising by $2.8 billion per day, one needs to question whether the U.S. government is an honest borrower. With annual deficits guaranteed to exceed $1 trillion per year for as far as the eye can see, how will the debt ever be repaid?
The Keynesian acolytes like Summers, Krugman, Bernanke and Zandi seem to forget Keynes promoted deficit spending during economic downturns, to be offset by surpluses during economic upturns. They are paid well by the establishment to forget. Hazlitt had to deal with superficial men of a similar ilk during his time. They care only for whatever cockamamie economic squandering idea they are paid to sell as the latest government salvation plan. The idiotic ideas never change, only the names of the foolhardy fanboys selling the idiocy to a disinterested and distracted populace.
“There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: “In the long run we are all dead.” And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.” ― Henry Hazlitt, Economics in One Lesson
These pretentious so called economists always promote some scheme such as Cash for Clunkers, first time home buyer credits, national infrastructure rebuilding, war, and other broken window fallacy programs designed to get something for nothing. They declare haughtily the government can spend without limit and pile up trillions of debt because we owe it to ourselves. These are nothing but falsehoods built upon flawed logic and sold to a gullible public by media mouthpieces, crooked politicians, and dishonest bankers.
An honest man, not beholden to the establishment, like Ray Dalio, founder of Bridgewater Associates, who manages $150 billion, knows a debt bubble when he sees it. The world is approaching the limits of debt expansion. He also understands the issuers of the debt, holders of the debt and taxpayers cannot possibly all be satisfied in the long run. It’s the common working stiff who will be screwed again.
“Debt is fundamentally a liability even though it is treated as an asset by those who “own” it. As a result, holders of debt believe that they are holding an asset that they can sell for money to use to buy things, so they believe that they will have that spending power without having to work. Similarly, retirees expect that they will get the retirement and health care benefits that they were promised without working. So, all of these people expect to get a huge amount of spending power without producing anything. At the same time, workers expect to get spending power that is equal in value to what they are giving. They all can’t be satisfied.”
The Federal Reserve, in their frantic and illegal endeavor to prop up their insolvent benefactors on Wall Street and crooked politicians in Washington D.C., have destroyed the free market system based upon saving, investing, risk, failure and creative destruction. They have created a stagnant zombie economy dependent upon zero bound interest rates and rigged stock markets to maintain the appearance of normalcy.
Their zero interest rate policy has destroyed the lives of millions of senior citizens (with 3.6 million turning 65 every year for the next two decades), guaranteed the bankruptcy of pension plans across the country, and signaled to corporate CEOs that it is smarter to borrow billions and buyback their stock than to invest in capital, equipment or people. They have sapped the life out of the real economy, making it impossible to ever achieve 3% GDP growth again. The wave of Boomers retiring will be an anchor as former providers of taxes become users of healthcare and pension benefits.
The national debt is poised to reach $25 trillion by the end of the next presidential term. This would push the debt to GDP to 120%, up from 106% today. Remember, when this level has exceeded 90% throughout history stagnation and economic collapse was not far behind. This brings us back to the so called economic gurus of our time who condescendingly declare Japan’s debt to GDP ratio of 230% as proof deficits and debt don’t matter.
They fail to mention Japan has been in a three decade long recessionary death spiral with their stock market is still 57% below its 1990 peak. The predictable nonsense emanating from bloviating windbags for the establishment about the ever growing jenga tower of debt not being an issue is no different than their blather about the fraudulent housing bubble not being a problem in 2005 because it hadn’t burst yet.
The fact is the Fed has artificially suppressed interest rates for the last eight years in a failed attempt to make their warped academic theories work in the real world. Emergency level rates may have been necessary in 2008 and 2009, but keeping them at 0% for eight years reveals their complete capture by Wall Street and the establishment politicos. Now they are trapped. They can never allow free markets to regain control of our economy, as the slightest uptick in rates will now blow the global economy sky high.
The feeble minded politicians that pass for leaders believe the $10 trillion increase in debt since 2008 is no problem because interest on the debt is less today than it was in 2008. For the fiscal year just ended the interest on the debt was a mere $433 billion. That is based on an average interest rate of about 2.3%. The average rate in 2008 was about 4.5%. Ray Dalio, our smart hedge fund manager, points out an inconvenient fact for the mathematically challenged dimwits running this shitshow.
“It would only take a 100 basis point rise in Treasury bond yields to trigger the worst price decline in bonds since the 1981 bond market crash. And since those interest rates are embedded in the pricing of all investment assets that would send them all much lower.”
What the politicians ignoring the 20 trillion pound elephant in the room fail to tell the American public is a 1% increase in the average interest rate would cause interest on the debt to soar to $660 billion, a 52% increase over the FY16 level. A similar increase around the globe would blow a $1.5 trillion hole in governmental budgets. At the end of the next presidential term when the national debt will be $25 trillion or more, a 3.3% average rate across all bond durations would yield annual interest expense of $825 billion, almost double the current level.
Only a brain dead Keynesian, Ivy League educated economist, mainstream media spokesmodel, or bought off political flunky cannot see the inevitable financial Armageddon approaching unless we reverse course now. But there is absolutely no one within the deep state establishment with the moral fiber or courage to stand up and do the right thing. The plan seems to be to pretend the debt is not a problem, increase taxes and use the most vicious form of taxation – hidden inflation on those least able to pay – to make the unpayable debt less burdensome and screw the bondholders with guaranteed losses. Hazlitt had their number 70 years ago.
“Here we shall have to say simply that all government expenditures must eventually be paid out of the proceeds of taxation; that inflation itself is merely a form, and a particularly vicious form, of taxation. It is perhaps the worst possible form, which usually bears hardest on those least able to pay.” ― Henry Hazlitt, Economics in One Lesson
Politicians and central bankers play both sides of the fence when lying about inflation. Bernanke and Yellen have set a magical level of 2% inflation, which is somehow supposed to promote full employment and stable prices. Why 2%? Why not 1.8956723%? It’s just as outlandish in its conception. Over the last eight years we’ve listened to these highly educated boobs lie about raising rates as soon as inflation hit 2% or when unemployment dropped to 6.5%.
Inflation has been over 2% during these eight years and according to the BLS bullshit spreaders, unemployment is currently 5% – still no rate increase. We are lost in a blizzard of Fed lies. They are now trapped by their own lies. Normalization of interest rates will never ever happen. Negative real rates have been in effect and negative nominal rates are in our future. How Yellen and her fellow banker cronies sleep at night knowing they have destroyed and continue to destroy the lives of senior citizens, the middle class and the millennial generation is beyond me.
Here’s the game being played behind the curtain, never to be revealed by Hillary, Yellen, the captured dying legacy media, or anyone beholden to the establishment for their paycheck or bribe: (1) You keep the lower classes trapped in ghettos, dependent upon welfare scraps provided by the state for their sustenance. (2) You keep the masses dumbed down and socially stunted through government indoctrination in public schools. (3) You tax the working class heavily while convincing them piling up consumer debt is the path to happiness. (4) You bastardize, manipulate and fraudulently reduce the reported level of inflation in order to screw senior citizens out of their Social Security benefits. (5) You run up the national debt to astronomical levels while making $200 trillion of unfunded welfare promises to future generations. (6) Since the debt is unpayable, you generate man made real inflation exceeding 5% per year in order to inflate away the debt. (7) You never speak of this plan while paying your media mouthpieces to distract the populace with electronic bread & circuses. (8) As a last resort you start World War III to divert attention away from your traitorous actions.
As we come down the home stretch of this election, the stakes have never been higher. The future of the country is at stake. Do we believe in liberty? Do we believe in the truth? Do we care whether this country survives the next decade? Do we care about future generations? Then it’s time to stand up and be heard. It’s time to fight. It’s time for the putrid, corrupt, evil establishment to be eradicated like filthy roaches in your basement. Hazlitt sums it up nicely:
“The times call for courage. The times call for hard work. But if the demands are high, it is because the stakes are even higher. They are nothing less than the future of liberty, which means the future of civilization.”
In Part Three of this article I will dismantle Hillary Clinton’s pie in the sky delusional economic proposals with facts, logic, and a cold dose of reality. Feeble minded mathematically deficient ideologues need not read it. Their heads would explode.