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Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering amounts of debt held by individuals, businesses, and the government will soon lead to the “mother of all economic crises.”

Roubini properly blames the creation of a debt-based economy on the near-or-at-zero interest rate and quantitative easing policies pursued by the Federal Reserve and other central banks. The inevitable result of the zero-interest and quantitative easing policies is price inflation wreaking havoc on the American people.

The Fed has been trying to eliminate price inflation with a series of interest rate increases. So far, these rate increases have not significantly reduced price inflation. This is because rates remain at historic lows. Yet the rate increases have had negative economic effects, including a decline in the demand for new homes. Increasing interest rates make it impossible for many middle- and working-class Americans to afford a monthly mortgage payment for even a relatively inexpensive home.

The main reason the Fed cannot raise rates to anywhere near what they would be in a free market is the effect it would have on the federal government’s ability to manage its debt. According to the Congressional Budget Office (CBO), interest on the national debt is already on track to consume 40 percent of the federal budget by 2052 and will surpass defense spending by 2029! A small interest rate increase can raise yearly federal debt interest rate payments by many billions of dollars, increasing the amount of the federal budget devoted solely to servicing the debt.

…click on the above link to read the rest…

We Need a Revolution

January 14, 2022

We Need a Revolution

A recent Washington Post/University of Maryland poll found that 34 percent of Americans think violent action against the government can be justifiable. This view is held by 40 percent of Republicans and 23 percent of Democrats. The result may seem surprising since leftists have been responsible for much of the recent politically-motivated violence, and many Democrats have called for violence against Trump supporters. However, the cultural Marxists appear to have (temporarily) ceased using violence as a tactic—although had President Trump won reelection, it may well have been ANTIFA members inside the Capitol on January 6 trying to “stop the steal.”

The rising support for violence against government is rooted in the growing (and justified) belief that the people’s liberties are being taken by a ruling class that is indifferent at best, and hostile at worst, to their values and concerns.

The devastation wrought by the lockdowns, as well as the conflict over the promotion of masks, vaccines, critical race theory, and transgenderism, heighten these social tensions.

Another major contributor to the social unrest is the economy. Rising prices combined with supply shortages and the increasing national debt are all signs that we may be witnessing the final days of the Keynesian welfare-warfare state. Unless Congress immediately begins to cut spending and transition to a free-market monetary system, America will soon face a major economic crisis. The crisis will likely be caused by a collapse of the dollar’s value. This will likely lead to increased violence. The violence will start when those who believe they are entitled to live off the stolen property of their fellow citizens decide to take matters into their own hands because the government can no longer do the looting for them.

…click on the above link to read the rest of the article…

Australians Need To Decide If This Is The Kind Of Country We Want To Live In From Now On

September 24, 2021

Australians Need To Decide If This Is The Kind Of Country We Want To Live In From Now On

A lot has changed for Victorians since the lockdowns started. Our lifestyles. Our waist sizes. The kinds of things we see as normal.

And a lot has changed in Victoria itself since we’ve been in lockdown as well. For example, have you seen our police lately?

If memory serves, they used to look something like this:

But now we’re seeing police that look like this:

And this:

They’re also riding around on armored military vehicles called Bearcats, like this:

And they’re acting differently too. They’re firing on protesters with rubber bullets and other projectile weapons with alarming frequency in order to end demonstrations against government shutdowns, lockdowns and vaccine mandates, frequently for no other reason than because the demonstrators are disobeying them.

Use of force by Victorian police is officially required to be “reasonable, necessary and proportionate to the threat posed by an incident.” When you see a video clip of Melbourne protesters just standing around the Remembrance Shrine begin fleeing to escape harm and being fired upon with less-lethal weapons as they retreat, for example, does that seem “reasonable, necessary and proportionate to the threat posed by an incident” to you?

“But Caitlin!” you may object. “Those people they’re firing on are Bad People! They’re right-wingers and anti-vaxxers! And they’re protesting without permission!”

Okay, if you don’t want to oppose police brutality on principle without making it about the supposed ideological positions of its victims then that’s your right. But surely you don’t think the normalization of this kind of violence is something that’s only going to affect people you disagree with politically going forward, do you?…

…click on the above link to read the rest of the article…

Protest, violence, class

September 8, 2020

Protest, violence, class

Another month, another Extinction Rebellion protest, another crop of articles excoriating XR for being too disruptive and anti-capitalist, or not disruptive and anti-capitalist enough, or for not laying the blame on China, or whatever. I don’t particularly feel the need to appoint myself to the defence, but I was interested in this ROAR article by Peter Gelderloos, which raises some points of wider interest to me that I hope to develop further in my next post where I’ll attempt to relate them more directly to my micro-niche of small scale farming. In this one, I’ll restrict myself to a few remarks about his article.

The piece mostly isn’t about XR, but involves a critique of a paper that influenced its strategies and that claims to show that nonviolent forms of activism are more effective than violent alternatives. So far as I can tell, Gelderloos’s criticisms are plausible. He argues instead for a diversity of tactics – including violence – to achieve political goals.

Although embracing political violence scares some liberal hares, I find myself in Gelderloos’s camp here as a matter of overarching principle. Yes, in some circumstances I think political violence is justified – a position that surely can’t be too controversial across the political spectrum given the various insurgencies and counterinsurgencies fostered by governments in Britain, the USA and other countries in recent times, with minimal public opposition. Hell, there are even distinguished Stanford history professors writing books enthusing about the benefits of war.

But the context in which one chooses violence surely matters. If indigenous people organize against an oil industry construction project on their land and meet the violence of the project operatives with their own resistant violence, then I find it easy to endorse their activism.

…click on the above link to read the rest of the article…

Rob Hopkins reviews ‘Human Kind: A Hopeful History’ by Rutger Bregman

June 26, 2020

Rob Hopkins reviews ‘Human Kind: A Hopeful History’ by Rutger Bregman

So many times, in conversations with friends reflecting on things we see happening in the world, someone will say “well, basically we’re all shit aren’t we?” Or “human beings are basically vile aren’t they?” Or words to that effect. This belief in a selfish, destructive, greedy, violent core to our being is deeply pervasive and underpins so many of the systems that are proving so damaging to the world. Rutger Bregman’s new book, ‘Human Kind’, turns that toxic nonsense on its head and argues that, in essence, “most people, deep down, are decent”, and that the world would be a very different place if we were to recognise that. It may be one of the most important books you will ever read.

Bregman writes, “if we believe most people can’t be trusted, that’s how we’ll treat each other, to everyone’s detriment. Few ideas have as much power to shape the world as our view of other people. Because, ultimately, you get what you expect to get. If we want to tackle the greatest challenges of our times – from the climate crisis to our growing distrust of one another – then I think the place we need to start is our view of human nature”.

Bregman begins by revisiting all of the ‘scientific’ research and works of fiction that we have been continually told shows that we are, essentially, selfish and horrible, and looks at it with fresh eyes. ‘Lord of the Flies’? Most UK-based readers of this will have studied this book in school, a book that shows how, when left to their own devices, kids turn on each other and act out the worst impulses of adult society.

…click on the above link to read the rest of the article…

Twitter Censors Trump For “Threat Of Harm”, Has No Problem With Threats To Bomb Foreigners

June 24, 2020

Twitter Censors Trump For “Threat Of Harm”, Has No Problem With Threats To Bomb Foreigners

Twitter has censored a post by the president of the United States, this time for “a threat of harm against an identifiable group.” This despite the fact that this president routinely uses the popular social media platform to threaten to drop explosives on people in other countries without interference.

“We’ve placed a public interest notice on this Tweet for violating our policy against abusive behavior, specifically, the presence of a threat of harm against an identifiable group,” Twitter stated on the platform. “Per our policies, this Tweet will remain on the service given its relevance to ongoing public conversation. Engagements with the Tweet will be limited. People will be able to Retweet with Comment, but not Like, Reply, or Retweet it.”

“There will never be an ‘Autonomous Zone’ in Washington, D.C., as long as I’m your President,” Trump’s censored tweet reads. “If they try they will be met with serious force!”

The post now shows up on the president’s timeline like this:

I’ve been writing all month about the brutal authoritarian crackdown America’s militarized police state has been inflicting upon US protesters who’ve been demonstrating against police brutality these last few weeks, so obviously I object to the threat of further force upon these same protesters by this same armed goon patrol. But Twitter did not censor Trump’s tweet because of any “threat of harm against an identifiable group.”

Know how I know? Because Twitter has been allowing Trump to make far more deadly threats throughout his entire administration.

…click on the above link to read the rest of the article…

Police Infiltrating Protests

June 24, 2020

Police Infiltrating Protests

Video Player00:0001:18

In the Hague protests, here is a video showing that the police are pretending to be protesters and aggravating the protest to increase its violence. This clearly shows that the police are not there for the people, but still to protect the state against the people. Here, they dragged a boy; the crowd began to chase them, and they ran back to their police van. Some believe they are doing this to justify further lockdowns using police to make things appear more violent.

Increased Violence Reflects an Energy Problem

June 4, 2020

Increased Violence Reflects an Energy Problem

Why are we seeing so much violence recently? One explanation is that people are sympathizing with those in the Minneapolis area who are upset at the death of George Floyd. They believe that a white cop used excessive force in subduing Floyd, leading to his death.

I believe that there is a much deeper story involved. As I wrote in my recent post, Understanding Our Pandemic – Economy Predicament, the problem we are facing is too many people relative to resources, particularly energy resources. This leads to a condition sometimes referred to as “overshoot and collapse.” The economy grows for a while, may stabilize for a time, and then heads in a downward direction, essentially because energy consumption per capita falls too low.

Strangely enough, this energy crisis looks like a crisis of affordability. The young and the poor, especially, cannot afford to buy goods and services that they need, such as a home in which to raise their children and a vehicle to drive. Trying to do so leaves them with excessive debt. If the affordability problem changes for the worse, the young and the poor are likely to protest. In fact, these protests may become violent.

The pandemic tends to make the affordability problem worse for minorities and young people because they are disproportionately affected by job losses associated with lockdowns. In many cases, the poor catch COVID-19 more frequently because they live and/or work in crowded conditions where the disease spreads easily. In the US, blacks seem to be especially hard hit, both by COVID-19 and through the loss of jobs. These issues, plus the availability of guns, makes the situation particularly explosive in the US.

Let me explain these issues further.

[1] Energy is required for all aspects of the economy.

…click on the above link to read the rest of the article…

The Crisis in Catalonia & What I Saw in Our Neighborhood in Barcelona

October 27, 2019

The Crisis in Catalonia & What I Saw in Our Neighborhood in Barcelona

As separatist region is rocked by violence, businesses sound alarm.

Two of Catalonia’s biggest business associations, Foment de Treball and Pimec, have called for calm and dialogue after ten days of non-stop political and civil unrest in the separatist region of Spain. At a gathering of almost 450 Catalan business people and executives on Wednesday, the two associations called for a political solution to what they described as “the grave conflict we are living through in Catalonia,” a region that is riven down the middle by the question of independence.

A key passage in the event’s joint manifesto hinted at why the crisis shows no sign of abating: “It is the responsibility of politicians, and not the justice system,” to find an “effective and decisive” solution to this conflict. Unfortunately, political dialogue and negotiation have been sorely lacking in relations between Barcelona and Madrid for a number of years. And there’s little sign of that changing.

As general elections approach, Spain’s main political parties, with the notable exception of the left-wing Podemos, are hardening their stance toward the Catalan separatists. For its part, the separatist government in Barcelona is doubling down on its calls for independence. If the elections on November 10 deliver enough votes for the triumvirate of Spain’s right-wing parties (the People’s Party, Cuidadanos and the far-right Vox, whose support appears to be growing) to form a coalition, they will crack down even harder on Catalan nationalism, which is likely to fuel even stronger pro-independence sentiment in the region.

A little more than two years have passed since more than two million people in Catalonia voted in a banned referendum to leave Spain. On that day, the separatists were given a harsh lesson in the raw power of state violence.

…click on the above link to read the rest of the article…

America Is Not Going To Be A Free And Open Society Any Longer

August 6, 2019

America Is Not Going To Be A Free And Open Society Any Longer

Whenever a tragic act of violence makes national headlines, the calls to give up more of our freedoms and liberties in exchange for the promise of increased security become deafening. But if we take another step toward becoming an authoritarian society every time something horrible happens, eventually we won’t have any of the basic liberties and freedoms that previous generations of Americans fought so hard to secure for us. Unfortunately, voices like mine are becoming increasingly rare, and the American people seem to want a society that will shelter them from anything that could possibly go wrong. Of course there has never been such a society in all of human history, and we won’t be able to create one either. No governmental system can eliminate the problem of evil, and bad things sometimes happen to good people. And without a doubt, the mass shootings that we witnessed over the weekend were absolutely horrific. In less than 24 hours, 29 American lives were lost between these two mass shootings, and this has greatly shaken the entire nation…

On Sunday, Americans woke up to news of a shooting rampage in an entertainment district in Dayton, Ohio, where a man wearing body armor shot and killed nine people, including his own sister. Hours earlier, a 21-year-old with a rifle entered a Walmart in El Paso and killed 20 people.
In a country that has become nearly numb to men with guns opening fire in schools, at concerts and in churches, the back-to-back bursts of gun violence in less than 24 hours were enough to leave the public stunned and shaken.

Sadly, these are not isolated incidents. As our society has become less moral, we have seen an escalation of violence all over the country.

…click on the above link to read the rest of the article…

Spectacular Violence as a Weapon of War Against the Yellow Vests

March 22, 2019

Spectacular Violence as a Weapon of War Against the Yellow Vests

Drawing by Nathaniel St. Clair

Violence is a spectacular weapon deployed by the ruling class to discredit movements from below and justify their repression. It is spectacular in the sense of being a great and powerful political tool for governing the masses, and keeping them in their place. In order to do this, however, the weapon of violence is spectacularin a second sense: it creates a carefully orchestrated mise en scène that seeks to render ruling class violence invisible, while simultaneously transforming acts of resistance into prodigious spectacles of criminal violence.

This is how Act 18 of the Yellow Vests is currently being presented by the mass media: at the precise moment at which the government was concluding its democratic consultation of the people via Emmanuel Macron’s “Grand Débat,” the Yellow Vests have unleashed an inordinate amount of violence that now needs to be repressed in the strongest possible terms. The president of the Champs-Elysées Committee, Jean-Noël Reinhardt, declared in an interview in which he is surrounded by the microphones of many of the major press outlets, that the movement is no longer one of the Yellow Vests, but rather of Black Vests that simply “express hatred and the will to destroy.” Proclaiming that this situation cannot be allowed to continue because of its impact on commercial and tourist activity, as well as its defamation of the global symbol of the Champs-Élysées, his statement bleeds seamlessly into the declaration made by the Prime Minster, Édouard Philippe: new measures will be put in place to prohibit protests in certain locations and allow for even more aggressive police crackdowns.

…click on the above link to read the rest of the article…

Chaos Breaks Out As Yellow Vests Clash With French Police

March 16, 2019

Chaos Breaks Out As Yellow Vests Clash With French Police

Update: Saturday’s Yellow Vest protests have escalated in intensity as clashes with the police grew increasingly violent. Take a look:

Ready for a bit of the old ultraviolence?

***

After weeks of more moderate protests, France’s Yellow Vests are back in full swing following the end of President Macron’s unsuccessful ‘great debate’ – during which thousands of town halls were conducted over a two-month period in the hopes of solving national issues through citizen debates.

Up to half-a-million people participated in 10,000 meetings across the country to discuss social issues ranging from taxes – which the French pay the most of any OECD country in the world, to democracy and climate change.

“We have been patient but now we want results,” Yellow Vest Laurent Casanova told AFP.

And with no meaningful changes after nationwide cathartic venting, the Yellow Vests are back to angry demonstrations as the protests kick off their 18th week with an ‘ultimatum’ rally – marked by lootings, fires, and mayhem that organizers maintain are due to a radical minority.

LIVE FEED:

Violence broke out on the Champs-Elysees Paris, where Paris riot police clashed with protesters, using tear gas and water cannons to disperse the crowd.

…click on the above link to read the rest of the article…

Climate change stokes mayhem in several ways

February 22, 2019

Climate change stokes mayhem in several ways

Syria: Glimpse of the future as rapid climate change continues? Image: By Ahmed Abu Hameeda on Unsplash

Three outcomes could follow if climate change stokes mayhem, conflict and violence. It might be helpful to think about the strains to come.

LONDON, 22 February, 2019 − Stand by for long hot summers marked by riot and racial tension. As climate change stokes mayhem, global warming is likely to see a direct rise in human irritability.

Climate change accompanied by natural disaster such as flood or drought could lead to harvest failure and food and water shortages for which people must compete.

And the same natural disasters could lead to a generation of babies, children and adolescents more likely, because of disadvantage and deprivation, to become more prone to violence in adulthood.

Researchers in the US have been thinking carefully about the links between climate change and conflict. This, they write in Current Climate Change Reports, has a long history, and a huge range of studies have addressed the hazard.

And they see more civic strife and conflict on the way. Some of it is likely to involve climate refugees, or ecological migrants: persons driven from their homes by climate change. The steady rise in global temperatures could also help incubate the conditions for global terrorism.

“Syria offers us a glimpse of what the future might look like as the climate continues to change rapidly”

“This is a global issue with very serious consequences. We need to plan for ways to reduce the negative consequences,” said Craig Anderson, a psychologist at Iowa State University in the US.

“An inadequate food supply and economic disparity make it difficult to raise healthy and productive citizens, which is one way to reduce long-term violence. We also need to plan for and devote resources to aid eco-migrants in their relocation to new lands and countries.”

…click on the above link to read the rest of the article…

The Rising Tide of Civil Unrest Globally

January 9, 2019

The Rising Tide of Civil Unrest Globally

COMMENT: Hello Martin,
thanks a lot for your awesome work. I am from Germany and just wanted to let you know that the political situation here is more and more becoming like 1933. Last week, there was a bombing of an AFD office in Döbeln (Saxon). Luckily nobody got injured. Yesterday one AFD Politician, Frank Magnitz was brutally attacked by 3 masked men and severely injured. He is only alive because a workman saw the attack and prevented worse. If you see the pics of him, it is pure luck he is still alive. They hit his head with a log and kicked it with their boots! This was a clear murder attempt! Still, the other political parties find it hard to condemn the deed. Some even claim it is deserved and the ‘evil fascists’ need to be stopped – even by killing them! This is getting extremely worrying and a lot of people are scared that we will head into a civil war, caused by murderous leftists.

Greetings, P

REPLY: Unfortunately, this is exactly what the computer is forecasting. We are in a rising cycle of civil unrest. The political divide is growing everywhere even in the United States. This will ONLY lead to outright violence and in many cases civil war. The left is ALWAYS the most violent. They are not tolerant of opposition. I did not vote to for President Carter back in the 70s. Nevertheless, I made a fortune due to his inflationary policies and I never protested against him or claimed he was not my president.

…click on the above link to read the rest of the article…

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