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Let Them Eat Bugs… How Out of Touch Elites Reveal Their Contempt and What Comes Next

Let Them Eat Bugs… How Out of Touch Elites Reveal Their Contempt and What Comes Next

Let Them Eat Bugs

Upon being told that the people had no bread, Marie Antoinette reportedly responded, “let them eat cake.”

These infamous words were a stark illustration of the French elite’s careless indifference to the plight of ordinary people. Moreover, they likely fueled the anger that sparked a revolution that overturned the French ruling system.

Had Marie Antoinette not been so out of touch, she might have had a better choice of words.

Although history doesn’t repeat itself, it does rhyme.

I am bringing this up because recently, modern political, financial, and media elites have made numerous “let them eat cake” remarks.

They similarly reveal how oblivious they are to the average person’s problems as inflation spirals out of control, shortages spread, the stock market crashes, and economic prospects look dimmer by the day.

Let’s look at them and examine what they could mean for the social and political environment in the future… and what you can do about it.

Example #1: Inflation Is Good

First central bankers, the mainstream media, and academia tell you there is no inflation.

Then, when inflation becomes undeniable, they tell you not to worry because inflation is only “transitory.”

Then, when it becomes apparent that it’s not merely transitory, they tell you not to worry because inflation is actually a good thing.

It’s not uncommon to see ridiculous headlines like this:

Example #2: No More Turkey at Thanksgiving

After inflation broke through multi-decade highs, it’s no longer possible to maintain the farce that “inflation is good.”

So the elite’s messaging has pivoted to ways the plebs can cope with ever-decreasing living standards.

Last Thanksgiving, it was impossible for the Federal Reserve to ignore the soaring costs of turkey. So, instead, the St. Louis branch had a helpful suggestion for those struggling—substitute delicious turkey for cheaper heavily-processed industrial sludge.

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

“The Typhoid Mary of Disinformation”: Nicolle Wallace. Nobody Spreads it More Relentlessly.

“The Typhoid Mary of Disinformation”: Nicolle Wallace. Nobody Spreads it More Relentlessly.

From her days as Bush/Cheney propagandist, to her stint on The View, to her role as beloved-by-Democrats MSNBC host, Wallace has perfected the art of sociopathic lying. Watch our original video.

Screen shot from our new original video about Nicolle Wallace, “The Typhoid Mary of Disinformation” (credit: Matt Orfalea)

The most blatant and shameless liars from the first term of the Bush/Cheney administration have, revealingly, enjoyed great success in media and journalism. That is because serial deceit is not a liability for a thriving career in corporate journalism but rather a vital asset — provided that the lies are in service of ruling class policies. Tawdry propagandists who helped drive post-9/11 America into a bottomless pit of lies and self-destruction have become the most highly-paid and beloved stars of liberal media. They include:

  • Former Bush White House speechwriter David Frum of The Atlantic and CNN;
  • Bush/Cheney CIA and NSA Director Gen. Michael Hayden of CNN;
  • Ubiquitous amoral neocon warmonger Bill Kristol of MSNBC and various #NeverTrump groups;
  • Al-Qaeda/Saddam conspiracy theorist Jeffrey Goldberg, now editor-in-chief of The Atlantic;
  • The various scumbagscon artistspredator-protectors and fraudsters of the Lincoln Project, drowning in #Resistance cash and frequent MSNBC appearances;
  • Pro-war Florida GOP Congressman Joe Scarborough, now a multi-million host of MSNBC’s flagship morning show and anchor of its corporate brand; and,
  • Rep. Liz Cheney, long-time vocal supporter of her father and now a literal “hero” to American media liberals.

But few Bush-era propagandists have thrived more, made more money, and developed a more devoted and swooning liberal fan base than the official Communications Director of the Bush/Cheney White House and 2004 Bush/Cheney-reelection campaign, Nicolle Wallace…

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

Gold As Cheap Today As In 1971 At $35

GOLD AS CHEAP TODAY AS IN 1971 AT $35

“Specie (gold and silver coin) is the most perfect medium because it will preserve its own level, because having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war.”  – Thomas Jefferson

Since no current President or Prime Minister nor any Central Bank Chairman understands what money is or the relevance of gold, we turn above back to history and Thomas Jefferson, America’s third president for a proper definition.

Jefferson also understood that “Paper is Poverty, It is only the Ghost of Money, and not Money itself.”

As the world economy goes towards an inflationary depression exacerbated not only by epic debts and deficits but now also by war, the significance of gold takes on a whole different dimension.

So let’s dissect Jefferson’s statement:

“(GOLD) Will preserve its own level”

Gold is Constant Purchasing PowerAs such, gold doesn’t go up in real terms. An ounce of gold today buys a good suit for a man just like it did in Roman times.

The graph below shows gold as constant purchasing power at the 100 line whilst all the currencies are crashing to the bottom.

All currencies are continuing to lose value against real money although it never takes place in a straight line. With higher interest rates & inflation, higher deficits & debts, poverty, cost of wars and increasing pressures in the financial system, the currency debasement will now accelerate.

Gold is not an investment. Gold is eternal money. As such gold maintains its REAL value whereas paper money loses all its value over time. For 5000 years gold has outlived all other forms of money including paper money.

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

If you thought the Coinbase bankruptcy disclosures were bad…

Just wait ’til you see your government’s bail-in rules

One of the subplots that made for a bad week in crypto included a largely manufactured crisis around “The Coinbase bankruptcy disclosure”.  After posting an earnings miss, the next shoe to drop was the discovery in the latest version of the Coinbase Terms of Service, the addition of text that included the following:

“Custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors”

This verbiage became a big deal with every corporate media outlet dumping all over it. It trended on Twitter and quickly went viral, almost as if this was some sort of revelation.

It’s not. It’s basically the oldest adage in crypto, “not your keys, not your coins” spelled out in writing.

Do you really think if you’re holding your crypto on some exchange that suddenly becomes insolvent it’s going to make a difference if a paragraph to that effect appears in the ToS or not? Good thing Mt Gox or QuadrigaCX didn’t have that in their ToS otherwise everybody with assets in either exchange would have been really screwed, right?

You’re screwed no matter what. At least Coinbase is calling your attention to it.

Don’t hold your crypto on the exchange, any exchange, full stop. Even the largest crypto exchange CEOs will tell you that.

But if you’re one of those people for whom this is something to be up in arms about, I’ve got news for you:

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

The Real Reason Behind the EU’s Drive to Embargo Russian Oil

The Real Reason Behind the EU’s Drive to Embargo Russian Oil

This week the European Union is expected to announce a complete import ban on Russian oil. Hungary, in its first real act of defiance, is threatening to veto this; Germany, after some hemming and hawing, has finally decided it can survive such a ban.

Assuming Hungary’s objections are eventually overcome, at first blush this looks like yet another energy “own goal” by the people obsessed with soccer. The U.S. has already issued this ban.

Because European industry is heavily dependent on Russian oil and gas, the conventional wisdom is that the EU Commission is just petulant and incompetent.

Are they petulant? Yes. Incompetent? Possibly? But only if you think in conventional terms of doing the right thing for their people. What is clear to any serious observer of EU politics is that they are not interested in what their people have to say or want.

Theirs is an agenda which will brook no opposition, even if it means destroying its own economy to bring a rival to its knees.

That said, I sincerely doubt there will be a “buyers embargo” on natural gas because there is no viable substitute for it.

Hungary is using the need for unanimous consent within the European Council to block any ‘gas ban’ in any new economic sanctions package. There are at least three other countries which are happy Hungary is willing to suffer Brussels’ wrath.

But banning Russian oil, on the other hand, is different.

So, it is interesting that Hungary would do this, given they import no oil from Russia. {Ed. this is wrong, Hungary imports 65% of its oil through the Druzhba pipeline} This veto was predicted by me the morning after the Hungarians overwhelmingly rejected George Soros’s anti-Viktor Orban coalition and handed it an ignominious defeat.

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

Leftists Hate Free Speech Because They Fear Dissent, Not “Disinformation”

Leftists Hate Free Speech Because They Fear Dissent, Not “Disinformation”

I think one of the most bizarre social developments of the past 10 years in the US has been the slow but steady shift of the political left as supposed defenders of free speech to enemies of free speech. The level of mental gymnastics on display by leftists to justify their attacks on freedom and the 1st Amendment is bewildering. So much so that I begin to question if liberals and leftists ever actually had any respect for 1st Amendment rights to begin with? Or, maybe the only freedom they cared about all along was the freedom to watch pornography…

One can see the steady progression of this war on speech and ideas, and the end game is predictable: Is anyone really that surprised that the Biden Administration is implementing a Ministry of Truth in the form of the DHS Disinformation Governance Board? Can we just accept the reality at this point that leftists are evil and their efforts feed into an agenda of authoritarianism? Is there any evidence to the contrary?

Before I get into this issue, I think it’s important to point out that it’s becoming tiresome to hear arguments these days suggesting that meeting leftists “somewhere in the middle” is the best and most desirable option. I see this attitude all over the place and I think it comes from a certain naivety about the situation we are facing as a country. Moderates and “normies” along with people like Bill Maher and Russell Brand are FINALLY starting to realize how bag-lady-crazy leftists are and the pendulum is swinging back slightly. But, it was conservatives that were calling out the social justice cult and their highway to hell for years.

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

Health Authorities Tracked Movements of Canadians via Cellphones During Pandemic

Health Authorities Tracked Movements of Canadians via Cellphones During Pandemic

PHAC claims data was anonymized.

Xinhua News Agency via Getty Images

Health authorities in Canada tracked people’s movements via their cellphones during the pandemic, with trips to pharmacies and liquor stores being logged, it has been revealed.

“BlueDot, an intelligence analysis company, prepared movement reports for PHAC using anonymized data acquired from mobile devices. The reports helped the public health agency understand movement patterns during the pandemic,” reports Reclaim the Net.

The Public Health Agency of Canada (PHAC) was able to obtain detailed insights into people’s movements and recorded their visits to liquor stores, pharmacies, visits to friends and trips to other provinces, also collecting information on time spent in each location.

“Questions remain about the specifics of the data provided if Canadians’ rights were violated, and what advice the Liberal government was given,”said Conservative MP Damien Kurek.

The ethics committee asserted that the PHAC should have told Canadians their movements were potentially being monitored and given them the option to opt out.

The PHAC claimed the program was “not about following individuals’ trips to a specific location, but rather in understanding whether the number of visits to specific locations have increased or decreased over time.”

As we highlighted last week, the CDC purchased tracking data for millions of Americans’ mobile phones with an intention of monitoring their movements to see if they were complying with lockdowns, curfews and travel restrictions during the COVID pandemic.

During the first winter lockdown in January 2021, a poll found that a plurality of people in Britain supported giving the government powers to spy on people’s movements via cellphone tracking to enforce lockdown.

In the same month, Conservative MP Jeremy Hunt called for the government to use GPS tracking technology to ensure Brits were complying with COVID quarantine measures.

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

Homeland Security’s “Disinformation Board” is Even More Pernicious Than it Seems

Homeland Security’s “Disinformation Board” is Even More Pernicious Than it Seems

The power to decree what is “disinformation” now determines what can and cannot be discussed on the internet. It is now in the hands of trained disinformation agents of the U.S. Security State.

Official government portrait of Nina Jankowicz, appointed to serve as Executive Director of the new “Disinformation Board” to be housed within the U.S. Department of Homeland Security (posted by Jankowicz to Twitter)

The most egregious and blatant official U.S. disinformation campaign in years took place three weeks before the 2020 presidential election. That was when dozens of former intelligence officials purported, in an open letter, to believe that authentic emails regarding Joe Biden’s activities in China and Ukraine, reported by The New York Post, were “Russian disinformation.” That quasi-official proclamation enabled liberal corporate media outlets to uncritically mock and then ignore those emails as Kremlin-created fakes, and it pressured Big Tech platforms such as Facebook and Twitter to censor the reporting at exactly the time Americans were preparing to decide who would be the next U.S. president.

The letter from these former intelligence officials was orchestrated by trained career liars — disinformation agents — such as former CIA Director John Brennan and former Director of National Intelligence James Clapper. Yet that letter was nonetheless crucial to discredit and ultimately suppress the New York Post‘s incriminating reporting on Biden. It provided a quasi-official imprimatur — something that could be depicted as an authoritative decree — that these authentic emails were, in fact, fraudulent.

After all, if all of these noble and heroic intelligence operatives who spent their lives studying Russian disinformation were insisting that the Biden emails had all of the “hallmarks” of Kremlin treachery, who possessed the credibility to dispute their expert assessment?…

 

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

The People Behind DHS’s Orwellian “Disinformation Governance Board”

A “Disinformation Governance Board” has just been created and is going to be run by the Department of Homeland Security. Their primary goal is going to be to “police” what is deemed to be “misinformation” or “disinformation.”

No clarification has been given as of yet as to what this policing will mean, but it has been pointed out that the creation of this new Disinformation Governance Board is going to have the full strength of the DHS behind it.

DHS Secretary Alejandro Mayorkas said, “the goal is to bring the resources of (DHS) together to address this threat.”

Nina Jankowicz has been chosen to head up the new disinformation office as the executive director.

Nina Jankowicz

Disinformation Governance Board
Nina Jankowicz

Jankowicz received her MA in Russian, Eurasian, and East European Studies from Georgetown University’s School of Foreign Service. A full list of the staff at the Walsh School of Foreign Service at Georgetown University can be found here.

Some of the current faculty/staff members within the Walsh School of Foreign Service are:

Jankowicz also spent time previously working with the Woodrow Wilson International Center for Scholars (also called the Wilson Institute) in the past as a disinformation fellow. A full listing of their staff can be found here.

Some of the current staff members, faculty, and associates at the Wilson Institute include:

  • Cynthia Arnson – Director of the Latin American Program
  • Shihoko Goto – Director for Geoeconomics and Indo-Pacific Enterprise/Deputy Director of the Asia Program
  • Duncan Wood – VP for Strategy and New Initiatives; Senior Advisor to the Mexico Instituted; Interim Director of the Global Europe Program
  • Lonnie Bunch III – Secretary of the Smithsonian Institution

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

Empire of Lies Eager to Receive Mr. Sarmat’s Business Card

Empire of Lies Eager to Receive Mr. Sarmat’s Business Card

The only antidote to propaganda dementia is served by sparse voices of reason, which happen to be Russian, thus silenced and/or dismissed.

Especially since the onset of GWOT (Global War on Terror) at the start of the millennium, no one ever lost money betting against the toxic combo of hubris, arrogance and ignorance serially deployed by the Empire of Chaos and Lies.

What passes for “analysis” in the vast intellectual no-fly zone known as U.S. Think Tankland includes wishful thinking babble such as Beijing “believing” that Moscow would play a supporting role in the Chinese century just to see Russia, now, in the geopolitical driver’s seat.

This is a fitting example not only of outright Russophobic/Sinophobic paranoia about the emergence of peer competitors in Eurasia – the primeval Anglo-American nightmare – but also crass ignorance about the finer points of the complex Russia-China comprehensive strategic partnership.

As Operation Z methodically hits Phase 2, the Americans – with a vengeance – have also embarked on their symmetrical Phase 2, which de facto translates as an outright escalation towards Totalen Krieg, from shades of hybrid to incandescent, everything of course by proxy. Notorious Raytheon weapons peddler reconverted into Pentagon head, Lloyd Austin, gave away the game in Kiev:

“We want to see Russia weakened to the degree that it can’t do the kinds of things that it has done in invading Ukraine.”

So this is it: the Empire wants to annihilate Russia. Cue to War Inc.’s frenzy of limitless weapon cargos descending on Ukraine, the overwhelming majority on the road to be duly eviscerated by Russian precision strikes. The Americans are sharing intel 24/7 with Kiev not only on Donbass and Crimea but also Russian territory…

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

You Are Not Real

Shakespeare’s famously gory “Titus Andronicus” is replete with violence, including fourteen deaths. Yet it continues to be performed, and audiences continue to sign up for a frisson of fear and pity, because this is not real.

After the play, the actors get up, wash off the fake blood, and join the playwrights and directors for drinks or dinner.

If, like me, you’ve been wondering about why things are the way they are in today’s world, and how this relates, this is my explanation: For the actors, writers and directors who create real world narratives, the play is you. And you are not real.

Actors and Reality

Much has been made of the jarring dissonance between the heroic stand of the president and the people of Ukraine and the facile signaling of the Social Justice crowd. Feel free to pick your favorite exemplar, from the merely stupid banning of Russian cats and renaming of White Russian cocktails to the more sinister cancelling of Russian performers, or the horrific threats and vandalism to places serving Russian food. There’s no shortage of content here. And, as we’ll get to shortly, that’s the point.

 

Ukraine’s policy goals do not map fully to those of the United States (think Azov Battalion, for starters), and we can and should carefully consider our response with that awareness. But this does not change Ukrainian heroism. Zelensky wants planes, a no-fly zone, and he would no doubt love NATO boots on the ground. Prudence may dictate we provide him none of these, but it is worth noting that any of us in his circumstances would likely be asking for the same things. Any of us who stayed during the onslaught, that is.

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

“A Magnet for Conspiracy Theories”: Wikipedia Kills Entry for Hunter Biden’s Investment Company

“A Magnet for Conspiracy Theories”: Wikipedia Kills Entry for Hunter Biden’s Investment Company

YouTube screenshot

Wikipedia editors are under fire this week for removing the entry for Rosemont Seneca Partners, the investment company connected to Hunter Biden and his alleged multimillion dollar influence peddling schemes. The site bizarrely claimed that the company was “not notable.” The timing itself is notable given the new disclosure that Hunter Biden’s business partner, Eric Schwerin, made at least 19 visits to the White House and other official locations between 2009 and 2015. That included a meeting with then-Vice President Joe Biden despite Biden’s repeated claim that he knew nothing about his son’s business dealings. Schwerin was the president of Rosemont Seneca.

Wikipedia has been accused of raw bias in removing the entry at a time when interest in the company is at its peak, including the possibility of an indictment of Hunter Biden over his financial dealings.  Rosemont Seneca is one of the most searched terms for those trying to understand the background on the Biden business operations.

Yet, an editor “AlexEng” wrote that the company was simply “not notable” — an absurd claim reminiscent of the recent claim by Atlantic Magazine’s writer Anne Applebaum that she did not cover the scandal because it simply was “not interesting.”

Alex wrote: “This organization is only mentioned in connection with its famous founders, Hunter Biden and Christopher Heinz.” That itself is an odd statement. It is mentioned as one of the key conduits of alleged influence peddling money. Alex added that “keeping it around” ran the risk of the page becoming “a magnet for conspiracy theories about Hunter Biden.” It is that last comment that I found most concerning as part of this decision.

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

Putin Knows The Monetary System Is A Credit Based Ponzi Scheme: Lawrence Lepard

Putin Knows The Monetary System Is A Credit Based Ponzi Scheme: Lawrence Lepard

Larry also lays out 4 key catalysts for higher gold, silver and bitcoin prices.

Friend of Fringe Finance Lawrence Lepard released his most recent investor letter a few days ago with his updated take on the seismic changes occurring in monetary policy globally as a result of the Russia/Ukraine conflict.

He takes us through history as to how this landscape has changed in the past, and what could be coming in years ahead.

Larry had joined me for several interviews last year and I believe him to truly be one of the muted voices that the investing community would be better off for considering. He’s the type of voice that gets little coverage in the mainstream media, which, in my opinion, makes him someone worth listening to twice as closely.

Lawrence Lepard (Photo: Kitco)

Larry was kind enough to allow me to share his most recent thoughts. Part 2 is below and Part 1 can be found at this link.

In Part 1, Larry reminded us of the history and structure of the world monetary system, starting in 1944 and ending in 1980, and how he uses that to make his investment decisions.

In Part 2, he picks up around 1980 and discusses current problems the Fed has.


1980-Present Gold Market 

In the chart below, you can see the effect that Paul Volcker’s policies had on the dollar price of gold. By pushing interest rates up to 20%, he managed to cool inflation and ultimately stop it. This brought the gold price back to the $260 to $400 range where it lived for quite some time.

The 1980’s and 1990s were marked by a period of dis-inflation and ultimately deflation given technological innovations and productivity gains from Microsoft, Intel and the like in the 1980s, and then the Internet in the 1990s…

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

Do Conspiracies Really Exist? Murray Rothbard Thought So

Do Conspiracies Really Exist? Murray Rothbard Thought Soconspiracy

 It is also important for the State to inculcate in its subjects an aversion to any “conspiracy theory of history;” for a search for “conspiracies” means a search for motives and an attribution of responsibility for historical misdeeds. If, however, any tyranny imposed by the State, or venality, or aggressive war, was caused not by the State rulers but by mysterious and arcane “social forces,” or by the imperfect state of the world or, if in some way, everyone was responsible (“We Are All Murderers,” proclaims one slogan), then there is no point to the people becoming indignant or rising up against such misdeeds. Furthermore, an attack      on “conspiracy theories” means that the subjects will become more gullible in believing the “general welfare” reasons that are always put forth by the State for engaging in any of its despotic actions. A “conspiracy theory” can unsettle the system by causing the public to doubt the State’s ideological propaganda.

—Murray N. Rothbard, Anatomy of the State

This essay represents a “conspiracy theory” (or better, a conspiracy hypothesis) about the uses of the term “conspiracy theory” itself. I acknowledge that the term is one of the most potent epithets that can be hurled at a writer or speaker, that it is mostly used to delegitimize and dismiss its target, and that it serves not only to discredit the claim that a writer or speaker makes but also the very investigation into purported conspiracies. The phrase represents a condensed, shorthand means of labeling a claim negatively and humiliating the claimant, disqualifying the claimant and the claim a priori. Likewise, in writing of the “conspiracy” behind the use of the phrase, I am hereby opening myself up to the charge of “conspiracy theory.”…

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

Coming Up For Air

COMING UP FOR AIR

“A government big enough to give you everything you want is a government big enough to take from you everything you have.” – Originally attributed to Thomas Jefferson, but the actual author is now in question.

 “That’s another (fine) mess you’ve gotten me into.” – Laurel & Hardy catchphrase.

Even though I’ve written about our collective insanity for well over 10 years now, to actually witness it’s metamorphosis from slow burn to raging wildfire is both frightening and breathtaking in scope and intensity. Unfortunately, we have many miles to go before some semblance of sanity returns, both collectively and individually. We are truly living in interesting times.

Those who still struggle to maintain some sense of sanity during these times are at a distinct disadvantage when dealing with raw unfiltered insanity. “We the Somewhat Sane” rely upon clearly defined rules of social, political and emotional decorum. We call this civilization, with a strong emphasis on being civil.

But we are severely (self) constrained when dealing with others out of a debilitating belief in the right of all to their own beliefs and self-determination. And expect others do the same with us. Normally this works reasonably well, at least in a civil society where the lunatics aren’t running the insane asylum. Or at least the transgressions are kept down to a dull roar, as my mother used to say.

We who are reasonably sane are self-constrained, those who are not are not. And to be perfectly frank, the unconstrained are quite alarming when witnessed up close and personal. It’s a proximity thing. A bear seen in the distance is an entirely different animal than one seen loping through the front lawn while you’re lounging on the porch. Or worse, you round the corner and find yourself between mama bear and her cubs.

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

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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