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Total system failure will give rise to new economy

Total system failure will give rise to new economy

Covid-19 driven collapse of global supply chains, demand and mobility will painfully spawn next great tech-led economic models

Is the world on a collision course with the financial and economic equivalent of a meteor impact with shock wave?

Nobody, anywhere, could have predicted what we are now witnessing: in a matter of only a few weeks the accumulated collapse of global supply chains, aggregate demand, consumption, investment, exports, mobility.

Nobody is betting on an L-shaped recovery anymore – not to mention a V-shaped one. Any projection of global gross domestic product (GDP) in 2020 gets into falling-off-a-cliff territory.

In industrialized economies, where roughly 70% of the workforce is in services, countless businesses in myriad industries will fail in a rolling financial collapse that will eclipse the Great Depression.

That spans the whole spectrum of possibly 47 million US workers soon to be laid off – with the unemployment rate skyrocketing to 32% – all the way to Oxfam’s warning that by the time the pandemic is over half of the world’s population of 7.8 billion people could be living in poverty.According to the World Trade Organization’s (WTO) most optimistic 2020 scenario – certainly to become outdated before the end of Spring – global trade would shrink by 13%.  A more realistic and gloomier WTO scenario sees global trade plunging by 32%.

What we are witnessing is not only a massive globalization short circuit: it’s a cerebral shock extended to three billion hyperconnected, simultaneously confined people. Their bodies may be blocked, but they are electromagnetic beings and their brains keep working – with possible, unforeseen political and other consequences.

Soon we will be facing three major, interlocking debates: the management (in many cases appalling) of the crisis; the search for future models; and the reconfiguration of the world-system.

This is just a first approach in what should be seen as a do-or-die cognitive competition.

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

Battle of the Ages to stop Eurasian integration

Battle of the Ages to stop Eurasian integration

Coming decade could see the US take on Russia, China and Iran over the New Silk Road connection

Iranian seamen salute the Russian Navy frigate Yaroslav Mudry while moored at Chabahar on the Gulf of Oman during Iran-Russia-China joint naval drills. The photo was provided by the Iranian Army office on December 27, 2019. Photo: AFP / HO / Iranian Army office

The Raging Twenties started with a bang with the targeted assassination of Iran’s General Qasem Soleimani.

Yet a bigger bang awaits us throughout the decade: the myriad declinations of the New Great Game in Eurasia, which pits the US against Russia, China and Iran, the three major nodes of Eurasia integration.

Every game-changing act in geopolitics and geoeconomics in the coming decade will have to be analyzed in connection to this epic clash.

The Deep State and crucial sectors of the US ruling class are absolutely terrified that China is already outpacing the “indispensable nation” economically and that Russia has outpaced it militarily. The Pentagon officially designates the three Eurasian nodes as “threats.”

Hybrid War techniques – carrying inbuilt 24/7 demonization – will proliferate with the aim of containing China’s “threat,” Russian “aggression” and Iran’s “sponsorship of terrorism.” The myth of the “free market” will continue to drown under the imposition of a barrage of illegal sanctions, euphemistically defined as new trade “rules.”

Yet that will be hardly enough to derail the Russia-China strategic partnership. To unlock the deeper meaning of this partnership, we need to understand that Beijing defines it as rolling towards a “new era.” That implies strategic long-term planning – with the key date being 2049, the centennial of New China.

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

Capitalism in America: How a Dismal Decimal is Robbing Americans Blind

Capitalism in America: How a Dismal Decimal is Robbing Americans Blind

31 Facts Showing How the Rich are Getting Richer and Everybody Else Poorer

There is no hiding anymore, the United States has become an oligarch owned banana republic with nukes, and with a monopoly currency which has allowed it to rig the markets for half a century. But now we are only a couple of hours from curtain – Midnight in America.

With the stock market at all-time highs, virtually no unemployment (or so they say), and brisk GDP growth (supposedly) in the last decade, economic analysts would declare that the US economy is in excellent shape. But, it isn’t. The stock market is a central bank inflated asset bubble, and what GDP growth there has been, is an illusion brought about by the very same financial bubble and by pumping the economy up with record federal borrowings to finance the deficits that America cannot afford. Rigged statistics showing artificially low inflation serve to hold together the Trumped-up American economic narrative. (About the rigged inflation statistics, see this report https://www.awaragroup.com/blog/the-inflation-measurement-scam/?fbclid=IwAR0qmpe4i0sp5Uce9UlyEDt0_NkIv-aiDTSgvzHh5EMfZn5WQboZz_mB-XU). And the low unemployment figure is nothing but a chimera based on misleading statistics.

In reality, the US economy is failing – and the country with it. At least two-thirds of the population has seen dramatic declines in living standards and half are back to levels of developing nations – without the development.

The big story covered up by all the happy macroeconomic figures repeated by rote by the US establishment – everybody from the president to cable television pundits and Trump fanboys – is the gradual impoverishment of the American worker. That’s an inconvenient truth increasingly difficult to hide as the American dream has turned into a nightmare for huge swathes of the population.

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

Proof that America’s “Deep State” Exists and Controls the Government

Proof that America’s “Deep State” Exists and Controls the Government

The readers at the international-news site South Front tend to be technologically far more knowledgeable about the internet than most people (including myself) are, and so their responses to a news-report that I did on December 17th, titled “Former NSA Tech Chief Says Mueller Report Was Based on CIA-Fabricated ‘Evidence’”, not only corrected a misspelling of a particular spoken acronym (my “PHAT” there should have been spelled “FAT”) but they also explained some technological details which enable a deeper understanding of how the CIA had perpetrated the ‘Russiagate’ hoax that Robert Mueller in his report as the U.S. Special Counsel had asserted to be a “Russiagate” fact (i.e., Mueller’s allegations that the Russian Government had hacked computers of the Democratic National Committee). Especially informative there was this reader-comment, which comes from one of the world’s leading experts on cyber technology, Luke Herbert-Hansen:

Luke Herbert-Hansen  Peter Jennings

Well FAT may not [be] a common OS file system anymore, but it is still widely used on various removable media such as a USB sticks.

As everyone knows who has been closely following the most-reliable evidence regarding the question of how DNC emails had been copied and supplied to Wikileaks, there has been much credible, soundly-sourced, speculation that the DNC employee Seth Rich had physically copied the data from a computer there onto a thumb drive (or “USB stick”), which then was picked up in the U.S. by a Wikileaks agent, who physically delivered it to Julian Assange at London’s Ecuadorean Embassy. The great independent investigative journalist (virtually barred since 2007 from being published in the U.S. anymore), Seymour Hersh, personally investigated the records of the murder of Seth Rich, both at the Washington DC police and at the FBI, and this is from the transcript I had made of his statement in a Web-posted phone-call [my boldfaces for emphasis]:

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

How the Houthis overturned the chessboard

How the Houthis overturned the chessboard

The Yemeni Shiite group’s spectacular attack on Abqaiq raises the distinct possibility of a push to drive the House of Saud from power

A Yemeni Shiite man holds his weapon and a flag with an Arabic inscription reading ‘Disgrace is far from us,’ as he takes part in a religious procession held by Houthi rebels to mark the first day of Ashura. Photo: Hani Al-Ansi/dpa

We are the Houthis and we’re coming to town. With the spectacular attack on Abqaiq, Yemen’s Houthis have overturned the geopolitical chessboard in Southwest Asia – going as far as introducing a whole new dimension: the distinct possibility of investing in a push to drive the House of Saud out of power.

Blowback is a bitch. Houthis – Zaidi Shiites from northern Yemen – and Wahhabis have been at each other’s throats for ages. This book is absolutely essential to understand the mind-boggling complexity of Houthi tribes; as a bonus, it places the turmoil in southern Arabian lands way beyond a mere Iran-Saudi proxy war.

Still, it’s always important to consider that Arab Shiites in the Eastern province – working in Saudi oil installations – have got to be natural allies of the Houthis fighting against Riyadh.

Houthi striking capability – from drone swarms to ballistic missile attacks – has been improving remarkably for the past year or so. It’s not by accident that the UAE saw which way the geopolitical and geoeconomic winds were blowing: Abu Dhabi withdrew from Crown Prince Mohammad bin Salman’s vicious war against Yemen and now is engaged in what it describes as a  “peace-first” strategy.

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

We are all hostages of 9/11

We are all hostages of 9/11

After years of reporting on the Great War on Terror, many questions behind the US attacks remain unresolved

Pakistanis raise their weapons in the border town of Bajour as they shout anti-US slogans before leaving for Afghanistan in October 2001. Thousands from this tribal area go to join the Taliban in its ‘holy war’ against the US. Photo: AFP /Tariq Mahmood

Afghanistan was bombed and invaded because of 9/11. I was there from the start, even before 9/11. On August 20, 2001, I interviewed commander Ahmad Shah Massoud, the “Lion of the Panjshir,” who told me about an “unholy alliance” of the Taliban, al-Qaeda and the ISI (Pakistani intel).

Back in Peshawar, I learned that something really big was coming: my article was published by Asia Times on August 30. Commander Massoud was killed on September 9: I received a terse email from a Panjshir source, only stating, “the commander has been shot.” Two days later, 9/11 happened.

And yet, the day before, none other than Osama bin Laden, in person, was in a Pakistani hospital in Rawalpindi, receiving treatment, as CBS reported. Bin Laden was proclaimed the perpetrator already at 11am on 9/11 – with no investigation whatsoever. It should have been not exactly hard to locate him in Pakistan and “bring him to justice.”

In December 2001 I was in Tora Bora tracking bin Laden – under B-52 bombers and side by side with Pashtun mujahideen. Later, in 2011, I would revisit the day bin Laden vanished forever.

One year after 9/11, I was back in Afghanistan for an in-depth investigation of the killing of Massoud. By then it was possible to establish a Saudi connection: the letter of introduction for Massoud’s killers, who posed as journalists, was facilitated by commander Sayyaf, a Saudi asset.

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

New World Order in Meltdown, But Russia Stronger Than Ever

New World Order in Meltdown, But Russia Stronger Than Ever

Last week was full of portentous events. Only somebody who has not been awake for the last few years will fail to realize how these at first sight unconnected events are part of the same matrix. There was the ever louder talk in mainstream media about an approaching global recession, inverted yield curves and the negative yields, which tell us that the Western financial system is basically in coma and kept alive only by generous IV injections of central bank liquidity. By now it has dawned on people that the central bankers acting as central planners in a command economy and printing money (aka quantitative easing) to fuel asset bubbles are about to wipe off the last vestiges of what used to be a market economy.

Then we saw Trump taking new twitter swipes at China in his on-and-off “great trade deal” and the stock markets moving like a roller coaster in reaction to each new twitter salvo. Also, we had both Trump and Macron sweet talking about getting Russia back and again renaming their club G8. Last Tuesday at a G7 presser in Biarritz, the Rothschild groomed Macron took it one step further opening up about the reasons why they all of a sudden longed for friendship with Russia: “We are living the end of Western hegemony.” In the same series, Britain’s new government under Boris Johnson was telling his colleagues in Biarritz that he is now decisively going for a no-deal Brexit, after which he went back to London and staged a coup d’état by suspending parliament to ensure no elected opposition interfered with it.

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

Why Trump now wants talks with Iran

Why Trump now wants talks with Iran

If Tehran blocks the Strait of Hormuz it could send the price of oil soaring and cause a global recession

Iranian soldiers take part in National Persian Gulf Day in the Strait of Hormuz on April 30, 2019. There is concern about a blockade of the Strait and the disastrous impact that could have on the price of oil and world financial markets. Photo: AFP / Atta Kenare

Unlike Deep Purple’s legendary ‘Smoke on the Water’ – “We all came out to Montreux, on the Lake Geneva shoreline”, the 67th Bilderberg group meetings produced no fire and no smoke at the luxurious Fairmont Le Montreux Palace Hotel.

The 130 elite guests had a jolly good – and theoretically quiet – time at the self-billed “informal discussion forum concerning major issues”. As usual, at least two-thirds were European decision-makers, with the rest coming from North America.

The fact that a few major players in this Atlanticist Valhalla are closely associated with or directly interfering with the Bank for International Settlements (BIS) in Basel – the central bank of central banks – is of course just a minor detail.

The major issue discussed this year was “A Stable Strategic Order”, a lofty endeavor that can be interpreted either as the making of a New World Order or just a benign effort by selfless elites to guide mankind to enlightenment.

Other items of discussion were way more pragmatic – from “The Future of Capitalism”, to “Russia”, “China”, “Weaponizing Social Media”, “Brexit”, “What’s Next for Europe”, “Ethics of Artificial Intelligence” and last but not least, “Climate Change”.

Disciples of Antisthenes would argue that these items constitute precisely the nuts and bolts of the New World Order.

The chairman of Bilderberg’s steering committee, since 2012, is Henri de Castries, former CEO of AXA and the director of the Institut Montaigne, a top French think tank.

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

Flagrant, Cynical, Public attempt at coup d’état – Venezuela

Flagrant, Cynical, Public attempt at coup d’état – Venezuela

It came as no surprise this past week when the US Administration made good on their promises to attempt to Regime Change Venezuela, the third part of John Bolton’s Troika of Tyranny, the other parts being Cuba and Nicaragua.

But there were a few surprises.

Saker readers would be familiar with John Perkins’ The Economic Hitman where he explained how Latin American leaders compliant to Western hegemony are bought and non-compliant leaders are removed, frequently with extreme prejudice. In Perkins’ time, these adventures were hidden, because they are illegal.

The first surprise here is the open and flagrant manner in which this coup d’état is proceeding, as if it is a great accomplishment. The Regime Changers are proud and beating their chests like gorillas with their illegal action as if the accomplishment is already in the bag. But is it? Despite Venezuela being a socially divided country between poor and rich, I believe there has been enough knowledge transfer to the ordinary Venezuelan so that this time, the Regime Change is not yet ‘in the bag’.

The second surprise was the sheer theatrical component of this attempted coup d’état, and the script and the technology of regime change is openly visible. The ones that are supporting the coup d’état, acted in concert, as a bunch of bullies would, with each part nicely scripted down to the 5 minutes. This will become clearer as we continue.

The third surprise is that in the UNSC meeting yesterday (Saturday, January 26) there probably has never been a more thorough listing of regime-change operations in Latin America. This was listed both by the Russian Representative and the Venezuelan Foreign Minister. This history is now clear and public, for all to see.

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

What happens when the Yellow Vests meet European Debt Crisis II?

What happens when the Yellow Vests meet European Debt Crisis II?

There is a lot of talk about which economic bubble will burst first and burst the worst (sounds like a gangsta rap song, no?)

The stock market, real estate, luxury goods, corporate debt and government bond bubbles, and other lesser bubbles, all jockey for the titles. It’s the “Everything Bubble” for good reason.

The “good reason” is: the 1% owns everything of high value, so if Western governments make it their policy to inflate those valuations even higher, then the 1% regains everything they lost in 2008. Welcome to Western Liberal Democracy – if you have a seat in the House of Lords I’m sure you’re not suffering too badly.

Because of that “good reason” I listed all of these bubbles are worse now than in 2008. Nothing was learned and nothing was delivered: I am not a doomsdayer, but these kind of facts make me write that Great Recession II (Great Depression II?) is around the corner.

However, not all bubbles are created equal:

The luxury goods bubble, for example. It’s mildly interesting, from a sensational news aspect, that the most expensive bottle of wine is now worth $558,000…but the luxury goods market is a minuscule part of every nation’s “real” economy, excepting France, Italy and Switzerland. Back in 2008 a half-million dollars set the record for largest lot of wine ever – 27 bottles – so these stories only prove the existence huge asset inflation (bubbles) – 1/27th in the area of wine sales.

The stock market bubble is also mainly a rich-person’s problem – we only hear about it so very often because…the rich own the media in the West, and the coverage thus reflects their interests.

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

War Essay- The consequences of nuclear war on US society

War Essay- The consequences of nuclear war on US society

Summary

The US emerged from WWII as the world’s leading economic and military power. Since that time US hegemony has been predicated on: 1) unrivaled military strength, 2) control of world’s energy reserves and 3) primacy of the US dollar as the world’s reserve currency. All of the pillars supporting US global dominance are now being threatened by continuing US economic decline coupled with ongoing economic development of China and other Asian countries, who are increasingly using currencies other than the US dollar, for international trade. US economic decline is fueling global instability and increasing the possibility of conflicts erupting between global powers. Thus the threat of nuclear war hangs over the world.

How did we get here?

The US emerged from WWII, with its manufacturing base intact and was the world’s dominant economic power. This began to change in the mid-1970s, as US corporate profits began to stagnate/decline, a consequence of increasing competition from rebuilt economies in Europe- primarily Germany (Marshall Plan), Japan and Korea (US wars in Korea and Vietnam) and later China (1). To deal with these structural economic problems confronting US capitalism, the directors of economic policy in the government and large corporations faced a decision that would play a major role in shaping global geopolitics for the next 5 decades. They could make large investments in the domestic economy, developing state of the art manufacturing facilities and equipment that would enable US corporations to effectively compete with those in newly emerging economies, or abandon manufacturing and change the structure of the US economy. As we now know, policy makers chose the latter route. This policy was based on economic attacks on poor people and labor, financial deregulation, increased spending on the military and war and rampant financial speculation.

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

The U.S. Government’s Plan Is to Conquer Russia by a Surprise Invasion

The U.S. Government’s Plan Is to Conquer Russia by a Surprise Invasion

The following combination of articles explains — and they link to conclusive evidence proving — that the United States Government is actually designing its nuclear forces now with the intention to win a nuclear war against Russia (World War III), and no longer (if they ever really were) adhering to the idea (“Mutually Assured Destruction”) that WW III would produce unacceptable catastrophe for both sides, and must therefore be prevented. The U.S. Government is definitely set upon winning WW III, not avoiding WW III. Nuclear weapons are thus being built and deployed by the U.S. Government with the intention to conquer Russia, and this goal has become NATO’s mission, and its only remaining core function, though this fact is not publicly acknowledged. Here are these articles, and their key quotes, showing this:

1:  https://fas.org/blogs/

“Back in 2011, before the B61-12 development program had progressed to the point of no return, FAS sent a letter to the White House and the Office of the Secretary of Defense pointing out the contradiction with the administration’s policy and implications for nuclear strategy. They never responded.”

2:  http://www.voltairenet.org/

As from March 2020, the United States will begin to deploy in Italy, Germany, Belgium, and Holland (where B-61 nuclear bombs are already based), and probably also in other European countries, the first nuclear bomb with precision guidance in their arsenal, the B61-12. Its function is primarily anti-Russian. This new bomb is designed with penetrating capacity, enabling it to explode underground in order to destroy the central command bunkers with its first strike. How would the United States react if Russia deployed nuclear bombs in Mexico, right next to their territory?”

3:  http://www.unz.com/article/

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

All U.S. Gov’t. Accusations Against Russia’s Gov’t. Are Lies

All U.S. Gov’t. Accusations Against Russia’s Gov’t. Are Lies

THE FIRST ACCUSATION, which is the source of the Magnitsky Act sanctions against Russia, was in 2012 under U.S. President Barack Obama, and it alleged that Sergei Magnitsky had been a whistleblower in Russia who was a lawyer who uncovered corruption in Russia’s Government and was imprisoned for that and beaten to death there for that. Magnitsky was, in fact, no whistleblower, and no lawyer, but the accountant of American billionaire Bill Browder, who had been charged by the Russian Government (and who then fled Russia) as having tax-defrauded the Russian Government of $230 million. And, Magnitsky’s death in prison was due to inadequate medical care of his pancreatitis by the medical personnel there, not (as Browder alleged) to any “beating.”

THE SECOND ACCUSATION, in 2014, is that “Russia stole Crimea.” This charge is the source of additional (and more severe) sanctions against Russis, and also of NATO’s massing of troops and weapons on and near Russia’s border, which are massed there allegedly to ‘protect’ European nations against ‘Russian aggression’ (such as ‘seizing Crimea’). It’s all founded on basic lies regarding Crimea and Ukraine. A fuller presentation of that case is here. But what constitutes the most remarkable evidence of all in this entire matter are two crucial phone-conversations. The first is the 27 January 2014 phone-conversation whereby the chief agent, Victoria Nuland, whom Obama had assigned to organize the coup to overthrow Ukraine’s democratically elected President Victor Yanukovych, gave the order as to whom Yanukovych’s replacement would be. This call is grossly misrepresented if not entirely ignored by the U.S. regime’s ‘journalists’ and ‘historians’. Nuland famously said there “Fuck the EU” (for the EU’s wanting a more moderate and less-nazi alternative to be selected).

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

The Khashoggi Extortion Fiasco:

The Khashoggi Extortion Fiasco:

A mystifying diplomatic escalation ensued following the disappearance of Saudi Washington Post columnist, Jamal Khashoggi, after visiting the Saudi Consulate in Istanbul, Turkey.

Why would the United States of America make such a fuss over the disappearance of a non-American citizen? Why would America turn a blind eye to the Saudi killing of thousands of Yemeni civilians and the starving of millions others and then make “threats” against Saudi Arabia after one single Saudi journalist disappeared and has presumably been murdered by Saudi authorities?

And since when did Erdogan worry about human rights? After all, this is the same man whose army has committed countless atrocities against Syria and Turkish Kurds.

And the repercussions did not stop at the official level. Even Western business leaders are cancelling trade deals with Saudi Arabia and asking its government for explanations. https://www.cbsnews.com/news/business-leaders-cancel-saudi-events-ask-crown-prince-mohammed-bin-salman-for-info-on-jamal-khashoggi-disappearance/

Let us not forget that America does not only ignore the war on Yemen, but it also assists the Saudis and supplies them with arms and intelligence. What’s behind the sudden U-turn? Why would the President of the United States of America be personally involved in this? https://www.telegraph.co.uk/news/2018/10/11/donald-trump-demands-answers-saudi-arabia-missing-journalistjamalkhashoggi/

Furthermore, Saudi Arabia has a long history of persecuting dissidents and suppressing any opposition. So once again, why was Khashoggi singled out in this instance to become such a person of interest to the USA? His status as a journalist and columnist for Washington Post certainly does not answer this question.

And back to Erdogan, the man who reached the cliff-edge with America on a number of strategic and trade issues, why would he be concerned about the “murder” of a foreign journalist allegedly at the hand of his own government? According to the story, the “murder” was committed at the Saudi Consulate, and technically, Turkey has no jurisdiction within this diplomatic precinct albeit it is within Turkey.

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

 

Sanctions, Sanctions, Sanctions – the Final Demise of the Dollar Hegemony?

Sanctions, Sanctions, Sanctions – the Final Demise of the Dollar Hegemony?

All looks arbitrary and destructive. All is of course totally illegal by any international law or, forget law, which is not respected anyway by the empire and its vassals, but not even by human moral standards. Sanctions are destructive. They are interfering in other countries sovereignty. They are made to punish countries, nations, that refuse to bend to a world dictatorship.

Looks like everybody accepts this new economic warfare as the new normal. Nobody objects. And the United Nations, the body created to maintain Peace, to protect our globe from other wars, to uphold human rights – this very body is silent – out of fear? Out of fear that it might be ‘sanctioned’ into oblivion by the dying empire? – Why cannot the vast majority of countries – often it is a ratio of 191 to 2 (Israel and the US) – reign-in the criminals?

magine Turkey – sudden massive tariffs on aluminum (20%) and steel (50%) imposed by Trump, plus central bank currency interference had the Turkish Lira drop by 40%, and that ‘only’ because Erdogan is not freeing US pastor Andrew Brunson, who faces in Turkey a jail sentence of 35 years for “terror and espionage”.

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

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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