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Confronting the money-power elite

June 21, 2018

Confronting the money-power elite

Those who control the creation and allocation of money are able to control every other aspect of society. Shouldn’t that be us?

Credit: Flickr/Liz West. CC BY 2.0.

The world today is controlled by a small elite group that has been increasingly concentrating power and wealth in their own hands. There are many observable facets to this power structure, including the military security complex that President Eisenhower warned against, the fossil fuel interests, and the neoconservatives and others that are promoting US  hegemony around the world, but the most powerful and overarching force is the ‘money power’ that controls money, banking, and finance worldwide. It is clear that those who control the creation and allocation of money through the banking system are able to control virtually every other aspect of society.

What can be done to turn the tide? How can we empower ourselves to assert our desires for a more fair, humane and peaceful world order? I believe that the greatest possibility of bringing about the desired changes lies in economic and political innovation and restructuring.

The monopolization of credit.

I came to realize many years ago that the primary mechanism by which people are controlled is the system of money, banking, and finance. The power elite have long known this and have used it to enrich themselves and consolidate their grip. Though we take it for granted, money has become an utter necessity for surviving in the modern world. But unlike water, air, food, and energy, money is not a natural substance—it is a human contrivance, and it has been contrived in such a way as to centralize power and concentrate wealth.

Money today is essentially credit, and the control of our collective credit has been monopolized in the hands of a cartel comprised of huge private banks with the complicity of politicians who control central governments.

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

How Democracy Ended

May 20, 2018

How Democracy Ended

How Democracy Ended

What killed democracy was constant lying to the public, by politicians whose only way to win national public office is to represent the interests of the super-rich at the same time as the given politician publicly promises to represent the interests of the public — “and may the better liar win!” — it’s a lying-contest. When democracy degenerates into that, it becomes dictatorship by the richest, the people who can fund the most lying. Such a government is an aristocracy, no democracy at all, because the aristocracy rule, the public don’t. It’s the type of government that the French Revolution was against and overthrew; and it’s the type of government that the American Revolution was against and overthrew; but it has been restored in both countries.

First here will be discussed France:

On 7 May 2017, Emmanuel Macron was elected President of France with 66.1% of the vote, compared to Marine Le Pen’s 33.9%. That was the second round of voting; the first round had been: Macron 24.0%, Le Pen 21.3% Fillon 20.0%, Melenchon 19.6%, and others 15%; so, the only clear dominator in that 11-candidate contest was Macron, who, in the second round, turned out to have been the second choice of most of the voters for the other candidates. Thus, whereas Le Pen rose from 21.3% to 33.9% in the second round (a 59% increase in her percentage of the vote), Macron rose from 24.0% to 66.1% in the second round (a 275% increase in his percentage of the vote). In other words: Macron didn’t just barely win the Presidency, but he clearly dominated both rounds; it was never at all close. But once in office he very quickly disappointed the French public:

On 11 August 2017, Le Figaro bannered (as autotranslated by Google Chrome) “A hundred days later, Macron confronted with the skepticism of the French”, and reported that 36% were “satisfied” and 64% were “dissatisfied” with the new President.

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

Why We Don’t Have Principled Politicians

May 3, 2018

Why We Don’t Have Principled Politicians

Politicians choose their stances on issues based on public opinion, not principles.

Recently, Senator Chuck Schumer introduced a bill that would decriminalize marijuana on the federal level. He stated that the legality of marijuana should be a matter left up to individual states. This ringing endorsement of federalism might carry a little more weight if Senator Schumer hadn’t spent a large part of his political career trying to micromanage Americans’ behavior at the national level. Hillary Clinton is widely considered to be a staunch supporter of the LGBT community; however, she was publicly opposed to marriage equality until 2013. These are just two of the innumerable examples of politicians changing their stances on policy issues in the face of evolving public opinion. This is not a new phenomenon or exclusive to a single political party. Not only is it common for politicians to modify their positions of political principles to match changing public opinion, you’d be hard-pressed to find one who doesn’t. We are dealing with political followership, not political leadership. So, what does that get us? Antony Davies and James Harrigan talk about this and more on this week’s episode of Words and Numbers.

Russia ‘Novichok’ Hysteria Proves Politicians and Media Haven’t Learned the Lessons of Iraq

April 2, 2018

Russia ‘Novichok’ Hysteria Proves Politicians and Media Haven’t Learned the Lessons of Iraq

The current state of anti-Russia hysteria is reminiscent of earlier dark chapters of American history, including the rush to war in Iraq of the early 2000s and McCarthyism of the 1950s, Patrick Henningsen observes.

If there’s one thing to be gleaned from the current atmosphere of anti-Russian hysteria in the West, it’s that the US-led sustained propaganda campaign is starting to pay dividends. It’s not only the hopeless political classes and media miscreants who believe that Russia is hacking, meddling and poisoning our progressive democratic utopia – with many pinning their political careers to this by now that’s it’s too late for them to turn back.

Donald Trump and Theresa May during a NATO summit in Brussels. Photo Reuters

As it was with Iraq in 2003, these dubious public figures require a degree of public support for their policies, and unfortunately many people do believe in the grand Russian conspiracy, having been sufficiently brow-beaten into submission by around-the-clock fear mongering and official fake news disseminated by government and the mainstream media.

What makes this latest carnival of warmongering more frightening is that it proves that the political and media classes never actually learned or internalized the basic lessons of Iraq, namely that the cessation of diplomacy and the declarations of sanctions (a prelude to war) against another sovereign state should not be based on half-baked intelligence and mainstream fake news. But that’s exactly what is happening with this latest Russian ‘Novichok’ plot.

Admittedly, the stakes are much higher this time around. The worst case scenario is unthinkable, whereby the bad graces of men like John Bolton and other military zealots, there may just be a thin enough mandate to short-sell another military conflagration or proxy war – this time against another nuclear power and UN Security Council member.

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

How the Euro Will Be Killed by Politicians

March 8, 2018

How the Euro Will Be Killed by Politicians

The man who is killing the Euro as a viable currency is none other than Donald Franciszek Tusk who is a Polish politician who has been the President of the European Council since 2014. He is the living example why politicians MUST be prohibited from making any decisions whatsoever regarding economics and finance. These people have ZERO qualifications in the field yet rise to the top of politics and then assume positions based entirely upon politics – not economics.

The crisis that is pending for the Euro is all about political control. The desire of British banks to achieve free access to the European Single Market even after Brexit and this was rejected by the EU. Council President Tusk spoke out against maintaining the British-European financial center in London after Brexit. He fails to comprehend that NEITHER the French nor the Germans possess the infrastructure no less the expertise to maintain global markets in the Euro.

Tusk claims that Britain is trying to be like Norway which has free access but pays dues as a member of the EU for free access. On the other hand, Tusk characterizes British desires and trying to blend the Canadian position, which only has a free trade agreement, with full access like Norway but pays no dues like Canada. Meanwhile, France is taking the position that they want to fill the shoes of the London financial markets who have never been able to create deep markets.

This hardline position against the financial markets of Britain remaining as the core trading center for the Euro is extremely dangerous. The Euro holds a minimal position among the reserves of central banks. The exact composition of the foreign-exchange reserves of China is a state secret. Nevertheless, based upon reliable sources, about two-thirds of Chinese foreign-exchange reserves are held in U.S. Dollars.

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

The All-Important Doorman

February 17, 2018

The All-Important Doorman

The All-Important Doorman

Picture this: A tribal leader from a distant country visits the US. He’s brought to a large apartment building in New York City. When he gets out of the car, he looks up at the great building and is quite impressed. A uniformed doorman exits the foyer and comes out on the sidewalk. The tribesman sees the gold braiding and brass buttons of his coat and immediately decides that this is a very important person. Again he looks up at the building and says to the doorman, “This is a very great home you have. You must be very important indeed.”

Of course, if we were present, we might chuckle at the tribesman’s naiveté. The owners of such a great building would never greet people at the entrance. They leave such trivial tasks to hired servants, whilst they run the real business without ever needing any direct contact with visitors as they enter the building. And, in addition, doormen come and go – they are, after all, disposable. The owners – those who control what happens in the building – retain their positions over the long term… and may remain anonymous, if they so choose.

We find this simple concept easy enough to understand, and yet we chronically have difficulty in understanding that, in most countries, the president, or prime minister, is not by any means the man who makes the big decisions in the running of the country.

We assume that, because we were allowed to vote for our leader, he must actually be our leader. But, as Mark Twain has at times been credited as saying, “If voting made any difference, they wouldn’t let us do it.”

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

Politicians & Kicking the Can Down the Road

December 4, 2017

Politicians & Kicking the Can Down the Road

QUESTION: Hi Marty,

Thank you for replying to my earlier question about The Crash & No Bid. It as very insightful towards the mechanics of markets. I have a new question for you regarding how Politicians “kick the can” as long as they can expecting the next people in line to pick up the tab… and never pay!

I was told by my uncle that the reason why politicians were lowering interest rates was so that they could keep increasing their perpetual deficit. But- since we have hit the turning point in interest rates and that rates are on the rise do you foresee politicians promoting hyper-inflation while fixing payable amounts on things like “pensions”? I believe that if they can dilute / water down money through inflation that the pension funds would then appear to “be on budget” (kicking the can further down the road, and also creating civil unrest)?

The way I see it is that if politicians were using low-interest rates to create cheaper money, could their next move potentially be diluting the huge quantity of money ….. cause they have nowhere else to go! (along with the hunt for taxes)

NG From Vancouver Island, Canada

ANSWER: I completely understand that from the outside looking in, it appears that the politicians are kicking the can down the road because they KNOW what will happen. It also appears that they have created lower interest rates to allow them to reduce their borrowing costs and spend more. I hate to burst everyone’s bubble here, but the truth is MUCH WORSE. All of these assumptions and conspiracy theories are based upon the common foundation that they PRESUME the politicians even understand what they are doing. They are NOT that intelligent. Sorry!

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

The Public Are All Alone: Understanding How the Enemy of Your Enemy Is Not Your Friend

November 24, 2017

The Public Are All Alone: Understanding How the Enemy of Your Enemy Is Not Your Friend

The Public Are All Alone: Understanding How the Enemy of Your Enemy Is Not Your Friend

In political matters, the public are taught to believe that some political Party is ‘good’, and that the others are “bad”; but the reality in recent times, at least in the United States, has instead been that both Parties are rotten to the core (as will be clear from the linked documentation provided here).

Belief in this myth (that the opposition between Parties is between ‘good’ ‘friend’ versus ‘bad’ ‘enemy’) is based upon the common adage that “The enemy of my enemy is my friend.” One side is believed, and ones that contradict it are disbelieved — considered to be lying, distorting: bad. But, maybe, both (or all) Parties are deceiving; maybe all of them are enemies of the public, but just in different ways; maybe each of them is trying to control the country in the interests of (and so to obtain the most financial support from) the aristocracy, while all of them are actually against the public.

Can it really be false that “The enemy of my enemy is my friend?” Not only can be, but often is. And no one is able to vote intelligently without recognizing this fundamental political fact.

It’s true between entire nations, too — not only within nations.

For example: Hitler and Stalin were enemies of each other, but neither of them was a friend of America (except that Stalin did more than anyone else to defeat Hitler, and thereby saved the world, though the U.S. — far less a factor than the U.S.S.R. was in defeating Hitler — still refuses to acknowledge the fact that Stalin did more than anyone else did to prevent the entire world’s becoming dictatorships; so, whatever democracy exists today, is a result of that dictator, Stalin, even more than it’s a result of either FDR or Churchill).

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

Politicians Are Now Making Plans in Case the Public Turns Against Them Violently

February 10, 2017

Politicians Are Now Making Plans in Case the Public Turns Against Them Violently

(ANTIMEDIA) Washington, D.C. — As protests continue to break out all around the nation over President Donald Trump’s desire to scrap Obamacare, Politico reported Tuesday that many politicians are beginning to worry about their own personal safety — to the point where some are having private sessions to discuss the matter.

Citing sources who were in the room, Politico writes:

“House Republicans during a closed-door meeting Tuesday discussed how to protect themselves and their staffs from protesters storming town halls and offices in opposition to repealing Obamacare.”

Some of the suggestions, the news outlet reports, include “having a physical exit strategy at town halls, or a backdoor at congressional offices to slip out of, in case demonstrations turn violent; having local police monitor town halls; replacing any glass office-door entrances with heavy doors and deadbolts; and setting up intercoms to ensure those entering congressional offices are there for appointments, not to cause chaos.”

While protests are popping up all over, the Republicans’ private session was no doubt prompted by events that happened over the weekend. While speaking before a raucous crowd in Roseville, California, Representative Tom McClintock had to be escorted from the stage and away from the event by local police officers.

McClintock, who held town hall meetings during the politically volatile days of both the Tea Party and Occupy movements, told The Hill he’s never seen anything like it:

“This was something very different. After an hour, the incident commander for the Roseville Police Department advised us the situation was deteriorating and felt it necessary to get me out of the venue. That’s never happened before.”

This sentiment appeared to be echoed at Tuesday’s closed-door session. Commenting on the meeting, Republican Study Committee Chairman Mark Walker of North Carolina stated:

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

How Politicians Duck the Blame for Terrorism

March 21, 2016

How Politicians Duck the Blame for Terrorism

The capture of Salah Abdeslam, thought to be the sole surviving planner of the Paris massacre, means that the media is focusing once again on the threat of terrorist attack by Islamic State. Questions are asked about why the most wanted man in Europe was able to elude the police for so long, even though he was living in his home district of Molenbeek in Brussels. Television and newspapers ask nervously about the chances of Isis carrying out another atrocity aimed at dominating the news agenda and showing that it is still in business.

The reporting of the events in Brussels is in keeping with that after the January (Charlie Hebdo) and November Paris attacks and the Tunisian beach killings by Isis last year. For several days there is blanket coverage by the media as it allocates time and space far beyond what is needed to relate developments. But then the focus shifts abruptly elsewhere and Isis becomes yesterday’s story, treated as if the movement has ceased to exist or at least lost its capacity to affect our lives.

It is not as if Isis has stopped killing people in large numbers since the slaughter in Paris on 13 November; it is, rather, that it is not doing so in Europe. I was in Baghdad on 28 February when two Isissuicide bombers on motorcycles blew themselves up in an outdoor mobile phone market in Sadr City, killing 73 people and injuring more than 100. On the same day, dozens of Isis fighters riding in pick-ups with heavy machine guns mounted in the back attacked army and police outposts in Abu Ghraib, site of the notorious prison on the western outskirts of Baghdad. There was an initial assault by at least four suicide bombers, one driving a vehicle packed with explosives into a barracks, and fighting went on for hours around a burning grain silo.

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

Living a Lie

December 11, 2015

Living a Lie

“Above all, don’t lie to yourself. The man who lies to himself and listens to his own lie comes to a point that he cannot distinguish the truth within him, or around him, and so loses all respect for himself and for others. And having no respect he ceases to love.” – Fyodor Dostoyevsky, The Brothers Karamazov

The lies we tell ourselves are only exceeded by the lies perpetrated by those controlling the levers of our society. We’ve lost respect for ourselves and others, transforming from citizens with obligations to consumers with desires. The love of mammon has left our country a hollowed out, debt ridden shell of what it once was.  When I see the data from surveys about the amount of debt being carried by people in this country and match it up with the totals reported by the Federal Reserve, I’m honestly flabbergasted that so many people choose to live a lie. By falling for the false materialistic narrative of having it all today, millions of Americans have enslaved themselves in trillions of debt. The totals are breathtaking to behold:

Total mortgage debt – $13.6 trillion ($9.9 trillion residential)

Total credit card debt – $924 billion

Total auto loan debt – $1.0 trillion

Total student loan debt – $1.3 trillion

Other consumer debt – $300 billion

With 118 million occupied households in the U.S., that comes to $145,000 per household. But, when you consider only 74 million of the households are owner occupied and approximately 26 million of those are free and clear of mortgage debt, that leaves millions of people with in excess of $200,000 in mortgage debt. Keeping up with the Joneses has taken on a new meaning as buying a 6,000 sq ft McMansion with 3% down became the standard operating procedure for a vast swath of image conscious Americans. When you are up to your eyeballs in debt, you don’t own anything. You are living a lie.

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

The Most Devious Liars in the Room

November 5, 2015

The Most Devious Liars in the Room

There were a few different stories coming out over the last few days that reveal the true nature of government and the apparatchiks who use disinformation, devious machinations, fraudulent accounting, and taxpayer money to cover up their criminality, lies, and the true state of the American economy. The use of government accounting tricks to obscure the truth about our dire financial straits is designed to keep the masses sedated and confused.

A few weeks ago, to great fanfare from the fawning faux journalists who never question any Washington D.C. propaganda, they announced the lowest annual deficit of Obama’s reign of error.

For the fiscal year that ended Sept. 30 the shortfall was $439 billion, a decrease of 9%, or $44 billion, from last year. The deficit is the smallest of Barack Obama’s presidency and the lowest since 2007 in both dollar terms and as a percentage of gross domestic product.

Jack Lew, the Treasury Secretary, and Obama were ecstatic as they boasted about this tremendous accomplishment. I find it disgusting that our leaders hail a $439 billion deficit as a feather in their cap, when until the mid-2000’s the country had never had an annual deficit above $300 billion. After 183 years as a country, the entire national debt was only $427 billion in 1972. Now our beloved leaders cheer annual deficits above that figure. What a warped, deformed, dysfunctional nation we’ve become.

When the government reported this tremendous accomplishment, there was no way to verify the number against the national debt figures, as the government stopped reporting the daily national debt figure because of the debt ceiling impasse with Congress. The farce of these Kabuki Theater exercises in government incompetence is almost beyond comprehension.

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

Gold & Politicians – Getting it Right For Once

October 20, 2015

Gold & Politicians – Getting it Right For Once

Aristophanes Under every rock lurks a politician

QUESTION: Mr. Armstrong; I heard you on Infowars. I understand how the gold standard would not solve anything for the problem is politicians and not what we call money. Some think that you can create a floating gold standard so gold would be money but not fixed. I really have a hard time seeing where this would solve anything for you still would have loans then in gold and you end back at the same spot with paper gold. This is really getting confusing. That was the question I wanted to ask.

Thank you

P

ANSWER: It really does not matter what we use for money. It is only a medium of exchange. Before 1934, private loans always had a gold clause. So yes, you are correct. You ended up with more gold owed than actually existed, This is fundamental to any credit system.

The problem is people are arguing over what should be money as if this really matters. There were defaults under a gold standard just as there were under paper. This is kind of blaming your wife because she failed to compel you to take the trash out.

The problem is not money and as long as people only focus on money assuming some return to a gold based system will magically convert all politicians into saints, then we doom ourselves to repeat history for this nonsense is arguing at the surface and ignoring the fact that governments and monetary systems have collapsed for countless millennium. The list of empires, nations, and city states that have collapsed are countless since the beginning of recorded history regardless of what money was.

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

What Happens When Economists Talk Politics

July 29, 2015

What Happens When Economists Talk Politics

As the “Varoufakis Files” provide everyone interested in the Greek tragi-comedy with an additional million pages of intriguing fodder -we all really needed that added layer of murky conspiracy, re: the Watergate tapes-, a different question has been playing in my head. Again. That is: Why are economists discussing politics?

Why are the now 6 month long Greece vs Troika discussions being conducted by the people who conduct them? All parties involved are apparently free to send to the table whoever they want, and while that seems nice and democratic, it doesn’t necessarily make it the best possible idea. To, in our view, put it mildly.

For perspective, please allow me to go back to something I wrote 3,5 months ago, May 12 2015:

Greece Is Now Just A Political Issue

[..] the EU/troika anno 2010 decided to bail out German and French and Wall Street banks (I know there’s an overlap) – instead of restructuring the debts they incurred with insane bets on Greece and its EU membership- and put the costs squarely on the shoulders of the Greek population.

This, as I said many times before, was not an economic decision; it was always entirely political. It’s also, by the way, therefore a decision the ECB should have fiercely protested, since it’s independent and a-political and it can’t afford to be dragged into such situations. But the ECB didn’t protest. [..]

The troika wants the Syriza government to execute things that run counter to their election promises. No matter how many people point out the failures of austerity measures as they are currently being implemented in various countries, the troika insists on more austerity. Even as they know full well Syriza can’t give them that because of its mandate. Let alone its morals.

 

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

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