Debt Rattle November 10 2022
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Salvador Dali Portrait of my father 1920 • How The Green Agenda Is Being Used To Fleece The Naive (Rachel Marsden) • On Deconstructing Construc
[See the full post at: Debt Rattle November 10 2022]Everybody needs to read this, it blows apart the spike protein theories, it declares that mRNA cannot enter cells, the cells destroy it before it can even enter, and anything that does get through is destroyed in nanoseconds. This is a totally new view … https://off-guardian.org/2022/11/07/that-mrna-vaccines-cause-cells-to-produce-spike-proteins-is-a-fairy-tale/
I am pleased to say, supports my theory that there is no Covid virus, the whole pandemic is manufactured, based on the PCR tests and the people getting sick, with long Covid etc, are the people who took the vaccine. It says a lot more, well worth spending the time to read this article. What billionaire would release a virus that could kill himself and his family? Virus vaccines are not reliable enough, so any pandemic must be a fraud.
An extraordinarily revealing look at the manufacturing process, and utter lack of regulatory oversight, of the death vaxx.
After watching this, you can easily understand why some folks have had a horrific reaction to the death vaxx, and others have had none.
That billions have injected themselves with this toxic shit is incredible.
So the results seem to be what coffee-table prophets said: A sort of flat despair by the Right, and America. That is, giving up that anything will ever change and not knowing what to do about it. Next date by them is the 13 Nov although this hollow feeling may not lift for some time, like Christmas.
I don’t bother to forward because there are so many such predictions, and few have proven themselves reliable. It’s entertaining thought experiments, though.
I’ll also take another ding for the election prediction: although there were lots of problems, they were not of the kind and character I predicted. Fail.
Maybe the election and the failure to change looks like this:
“”In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.”And he wasn’t doing lockdowns and child torture.
“The WEF’s Stakeholder Capitalism Is Just Global Fascism by Another Name”
Sure enough. I can’t believe people are so unimaginitive as to fall for this stuff. Like ESGs? Are you nuts? The system is bad enough as it is. (That is, most stocks are indexes and funds therefore THEY vote on the board, and you the shareholder, have no power to direct them or remediate their outsized pay, bad behavior and over-leverage)
“As of now, this means that recreational marijuana will be legal in 21 states and the District of Columbia…”
Um…what? Pot is legal in the District of Columbia – which is 100% run by Congress – but is still highly illegal Federally? Talk about being at loose ends and having no idea what you’re doing. Lacking principles in any way.
“Dershowitz Accuser Says She ‘May Have Made a Mistake’ As Defamation Suit Is Settled”
It was some other guy! Oopsie! Let’s not linger on the past. What difference does it make at this point? You can’t judge me! Who’s the real victim here? So…it’s just your basic shakedown operation then. Get ol’ Dershowitz in line if he doesn’t show the proper enthusiasm for WWIII. Right out in the open. Covered only by codependent denial. (Yes I know Dershowitz is a core Clinton Democrat)
“Covid drops 90%”
Sure, all they have to do is remove the Flu numbers and the “Died With”, not “Died Of” by doing slightly less testing. The reverse of how the disease pandemic was “Invented”. But why? I don’t see why they should ever want it to end. Was it just not working and too many questions? I don’t see how, everyone was still totally in favor and it’s going smoothly with no problems or arrests.
“How The Green Agenda Is Being Used To Fleece The Naive (Rachel Marsden)”
Well, they invest in Exxon, Apple server farms, and car companies so, I guess so.
“The UN says that more financing, to the tune of up to $340 billion per year by 2030, is the key. Anything less is apparently futile.”
Okay so that must be the number, the monthly vig that holds off bankruptcy and collapse. Got it. They said multi-trillions, like $30T, and why not? The people go hungry, die, and joyfully hand their money to Elon Musk and Al Gore.
“Greenwashing is just another way of scamming the hopelessly naive.”
As is the whole theory in general. One volcano can blow the entire year’s CO2 in 60 seconds. And we have two 10,000 mile, sub-oceanic rifts that aren’t being measured at all. They could be the whole cause of the increase and no one could tell. …Nor wants to. “It’s a goldmine! We’ve struck gold!” – Al Gore Taxpayer gold, that is, and we can murder 100,000 at a pop on the side! It’s like Christmas!
“On Deconstructing Constructs (Batiushka)”
There’s so many historical and present day inaccuracies here, I wouldn’t know where to start. Yes, as the Russians slowly creep too far out on the oil of their emotions, I see the same thing with the Right. Represented by the new catch phrase “It’s Happening!” They just won. They’re about to win. This changes everything. Everybody knows.
Uh, no. I don’t see anything changing, and I see half the country immune to change of any kind, and/or even facts themselves. You just didn’t realize your echo chamber has gotten larger so that you’re more lost in it. Before, with CNN, Fox, NBC, you had to take a huge dose of the other side’s news each day. Now with news from the internet, CNN dead, and Ben Shapiro having higher ratings than NBC, you think you’re still getting the equal dose of “the other side” but you’re not.
…So how many arrests have there been? On Rinos either? We got out of wars and are fixing the economy, the infrastructure? Working people aren’t being robbed, their status and leverage is increasing?
It’s dangerous undermining for them, but it’s so large and fuzzy nothing I say about it is likely to get through. Oh we went from getting 35% other news to 21% other news? So? It matters because their metal map and predictions are ever-more in error now.
On Batiushka, all nations are constructs, but it’s for practical reasons. France can’t go changing the borders with Spain every month ‘cause a few Basques moved. Russia is not different, being made of many ethnicities who could think of themselves as independent if they wished. If anything, their borders are less solid and less historic than even ours. P.S. there is such a thing as the “Rules of War” you know. Where when you win a war, they cede territory. Look into it. It’s only been going on since Og hit Gog with a rock.
“The administration of US President Joe Biden has rebuffed Kiev’s requests to provide it with state-of-the-art drones over concerns that doing so could escalate the Ukraine conflict,”
Hahahahaha, no. The U.S. is clearly doing everything they can think of to escalate. What they don’t want is for Iran to shoot down another drone, a far better one, and reverse engineer it like they did their present one that Russia is happily using. And it’s a better drone than ours because it’s cheaper. No fancy turbine engines, long flight times and distances, all that, but our cost $30M a pop and theirs cost $3,000. So Russia and Iran can fill the sky with them. Shoot them all down: not even a pinprick while we go bankrupt.
“Makes me wonder how many foreigners there are today in Ukraine’s army.”
A very critical question that I have no way of answering. Is the entire Ukrainian population and all adult men killed? And Russia is now methodically killing every adult (eastern Europe) male in Europe? Or not? From the loss of weapons and weird, desperate tactics it would seem so, but you can’t answer not knowing.
“The World Economic Forum (WEF) describes its mission as the “international organization for public-private cooperation.”
Yes. That’s called “Fascism”. They’ve always been fascists, they will always be fascists, they are the children and grandchildren of literal fascists, like Freeland.
“The WEF is by far the most successful of the breed.”
Yes, but we don’t want to lose sight that they are really “H.Y.D.R.A.”
https://en.wikipedia.org/wiki/Hydra_(comics)
https://en.wikipedia.org/wiki/Captain_America:_The_Winter_Soldier
It’s all in there.The WEF is most in the news, but there are thousands of NGOs and influence groups, private clubs and think tanks, most universities, that are run by the same people and have the same goals and outlooks. If you take out the WEF, some new head appears, like the WHO or Atlantic Council. You need to expose the root. How about Central Banking and the outsides power it gives to certain people that funds the whole thing? Without taking that, you’ve done nothing.
““The natural progression of every form of Marxism, communism, socialism, fascism etc. all ultimately lead to a kind of globalist ideology..”
Yes, they don’t care about the organization, or the names. That’s intelligent. They care about the GOAL. The results. The result is world-wide domination of complete power by them, over everybody else. Because: criminally insane mentally ill. Most of these are merely tools and spectrums of the same people and goals: “Power over”. Not Right or Left, there is only one group that actually opposes them: “Liberty”. That isn’t even seen in Europe as a going concept, and barely exists in the United States, where half of the Right support the State. This is also the constant, irritating conflating of the “Right” as seen everywhere else, i.e. “Monarchists”, “Statists” sort of pro-police /my-coutry-right-or-wrong, and the “Right” as seen in America where it’s predominantly “Leave me alone for the love of God” “Hope the government can be made so small I’ll never see it again”. And as I say twice a week: how is a “Right” like that going to oppress anyone, having no instruments of State? No Police, no secret service, widely distributed power? With every citizen and minority armed, and able to read all the books they want?
It’s the #Opposite of being a Nazi, #Opposite of WEF and Zuck and Bezos and Milley, as they would have no power to wield, no laws to weaponize. They can’t even buy off every local DA and School Board like now because without that centralized power, dispensing legal exemptions like Sec230 and cash fire-hose to Pfizer, they couldn’t fund it.
“Europe Braces for New Refugee Crisis (RT)”
Weird. Whose fault is that? Where were these people before? And their houses, power lines and water systems that used to support them? You mean like in Syria, YOU, aka NATO, blew them all up? On purpose? At great cost? And now you want ME to double-up my water system and half my rations? Gee, that sounds a lot like NATO attacked ME, not Syria. ME, not Ukraine. Leave me the f’ alone.
Biden: Elon Musk’s Links to Other Countries ‘Worthy of Being Looked at’ (G.)”
Musk was personally funding major weapons systems of a nation at war. For free. I think he should be investigated. However, that’s the only part that they LIKE, and giving Ukraine their LARGEST and most successful weapons system was NOT ENOUGH. They are still attacking him anyway. “Submit or Die.” You can do whatever you want, so long as it is exactly and only what I want you to. For free. Before I even think it.
…Says every Narcissistic abuser ever.
“The Quiet Merger Between Online Platforms and National Security State (Jac.)”
Huh? Re-writing history, they were ALWAYS National Security State projects. ALL money and code from them came from the Government. LifeLog being a prime example, but you think Google and their child YouTube didn’t get all funding and patents years before? YouTube patent from an insider as far back as 1990? Don’t let such errors go, the fact that it was ALWAYS government, FROM government, is critical BOTH for all my money they handed to undeserving idiot billionaires, AND for intent. Intent to trample human rights and undermine the 1st, 2nd, and 4th Federal Laws from BIRTH, the original Amendments and all Civil Rights. If you know that, they can’t hide. It’s not some accident a few Congressmen got into. Always from the beginning of the Internet. Read a book, they’ve been talking about it for decades, and funded it out of DARPANet since the ‘90s. For EXACTLY this purpose: Fascism: the merger of Corporation (muh, private corporation) and State (we’re arresting you).
“Greek natural gas providers had the second highest profit margin in Europe. There’s profits, and there’s massive profits.”
Nationalizing energy. For the last remaining profit center when they’re broke, but more importantly, permanent control of all mankind. No competition. What do you have with No competition, no bankruptcy? Why Capitalism, of course!
“The answer is because competition doesn’t work in Greece. Instead, we have the “market of cronies,”
Also all solutions are illegal. Burn coppice firewood? Illegal. Put in solar hot water? Code, illegal. Collectivize houses to one courtyard for heat, safety, and community? Code, law, illegal. Um, not mow your LAWN, so you can save GAS we don’t have, and eat gardens instead? Illegal. Turn off the heat and power in your house altogether, because WE’RE BROKE? Unsafe, eviction, illegal.
You know how we’re not in Capitalism because although they may not OWN the company, but CONTROL the companies, down to the last nut and screw? This is the same on the people side: You MUST work for companies controlled by the state, and you MUST buy from the company store, and you MUST buy exactly and only what we tell you to, and if you don’t we’ll just charge you anyway, like the BBC, medical injections, or checking account bailouts. Your house must only LOOK the way we say, and you must only turn on the water and your dryer when we say. We set the thermostat to the exact degree and turn off your dryer via wifi when we say. That’s Freedom!
So why am I here? Sounds like you have it all worked out: you don’t need me, I have no choices here, I’ll go somewhere else.
“left unchecked, will turn into a kind of looting at the expense of the people”He needs to apply this idea far more broadly. Also, as so many things, it’s like 100 years past-tense.
“Births and Deaths”
“Fewer” a book of Demographic collapse. Which China is the front of now. But there’s no Science or Data in them, so like ignoramuses, they always draw straight-line conclusions that are dead-wrong. Science: Wrong Every Time. Heck, random chance and pure fiction is right at least SOME of the time. Also, no spike in deaths at all in 2020. Explain?
“Fewer” a book of Demographic collapse. Which China is the front of now. But there’s no Science or Data in them, so like ignoramuses, they always draw straight-line conclusions that are dead-wrong. Science: Wrong Every Time. Heck, random chance and pure fiction is right at least SOME of the time. Also, no spike in deaths at all in 2020. Explain?
…because we’re in a giant washing machine; being cleansed of everything on a daily basis; get out while you still can………….
Results of the election
“Uh, no. I don’t see anything changing, and I see half the country immune to change of any kind, and/or even facts themselves.”
China and Russia think of themselves as Civilizations NOT ‘nations’.
The Empire of Lies is barely a nation
It’s actually a convenience store masquerading as a nation.
A New World Order is Rising
I really enjoyed Polemos’ remarks yesterday using Stranger in a Strange Land as starting point.
Kalakusic on Twitter sneak-link did not escape me.
What he has said is, technically, explained by one of daily posts above with:
“The natural progression of every form of Marxism, communism, socialism, fascism etc. all ultimately lead to a kind of globalist ideology….”
Which is to say, that multinational Corporations are NOT created by the most capable capitalists. “Somebody else” infiltrated the system and outsmarted all the players in the “true free market”.In AZ spouse and I are on the permanent early voter list. I prefer this because when I get the ballot early I (a) don’t have issues come up on voting day preventing me from getting to the polls, and (b) I take the time to research the candidates and propositions. I noticed the “vote centers” — and that we had to travel further to the polls to drop off the early ballots. The ballot printing problems confirm my reasoning. However, as we arrived to drop off our ballots we agreed that in the spirit of combatting the “mules” we would be willing to show ID or match signatures in order to drop off our early ballots.
Kari Lake says that the precinct voting was in churches & schools, and vote centers are not. But, I find that whether the voting is precinct-based or at “vote centers”…the locations are all still churches and schools. (And I am in Maricopa County.)
US Election Results
There was a red voting surge but there was an even bigger blue ballot surge.
Ballots are more important than votes with mail-in-ballots.
Europe refugee crisis.
Part of me believes that people in war torn Ukraine (or any other E-country for that matter) will be hesitant to move to, say, Saudi Arabia even if promised safe and good life. Instinctively, they know it is not their world.Tucked away in nooks and crannies
Tick away some pudgy boys.
Switches handled by the hidden-
Ultra-fancy rich men’s toys.“Do our bidding, puny henchmen!
“We have something up our sleeves!”
Thus the world is taken over
By sadistic, cryptic thieves.It would explain a lot, after all.
MoA covers the planned Russian military withdrawal from Kherson.
https://www.moonofalabama.org/2022/11/the-pullout-from-kherson.htmlLeon Russell, “Stranger In A Strange Land” https://www.youtube.com/watch?v=F32iOTqoGOY
“The WEF’s Stakeholder Capitalism Is Just Global Fascism By Another Name”
Can you imagine the frustration when Trump stepped forward in 2016 to claim victory? The wailing and gnashing of teeth? The panic, the emergency meetings? The hysteria displayed on legacy media was just the tip of the iceberg. All those years of work and planning to establish a global, one-world government were now in jeopardy. So. Close.
Global plans published on Georgia Guidestones, check.
Legacy media in lock-step, check.
Merger of internet platforms and security state, check.
Manchurian candidates vetted, trained, and strategically placed, check.
WHO and FDA captured, check.
Detention camps built, check.
Bioweapon virus ready, check.
mRNA platform ready, check.
Secret vaccine contracts, check.
Health passport apps ready, check.
Trump wins … Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuck!!!!Lesson learned. When the deplorables refused the heir apparent and put a celebrity real estate developer in the White House instead, HYDRA (yes, Dr. D is on target, this is an apt label) decided that never again would it leave things to chance. So, if the results of the mid-terms don’t make a lot of sense, what did you expect?
Basically, your votes don’t matter when electronic voting machines are tied to the internet, proprietarily programmed with vote-weighting algorithms, no chain of custody, and no ballot tracing – machines in which the number one design spec. was electoral fraud.
Though Trump failed to put the nation on a new course, his presidency did force the hidden string-pullers and their fascist global plans out into the open, and gave the last two holdouts, Russia & China, four additional years to prepare for the final onslaught.
“Stakeholder”, as actually used by management and business higher-ups, seems to really mean “Owner of Rent-Collecting-Assets”.
That clarifies things, I think.@aspnaz: The mRNA is enclosed inside little balloons of lipids, which merge with lipid cell membranes, fusing, and opening up on the inside of the cell membrane, releasing the modified mRNA into the interior of the cell.
Once inside the cell, the modified mRNA does not degrade in a few minutes, but lasts for months, being read and transcribed into spike-proteins again and again and again…
These spike proteins are measurable in the bloodstreams of the “vaccinated” for up to 6 months after their injection.
This is only a somewhat new technology, not brand new. It was proven to “work” for DARPA.
https://en.wikipedia.org/wiki/DARPA
That means that it does do what I just wrote, and can do it with a lot of different mRNA coding for proteins, which is why DARPA likes it as a rapid-deployment platform.Side-effects are quite another thing. DARPA usually accepts high, wartime-level risks as part of the bargain.
@Germ
Thanks for the video. This product is much worse than I thought.““The natural progression of every form of Marxism, communism, socialism, fascism etc. all ultimately lead to a kind of globalist ideology..”
This reflects the insatiable hunger for MOAR, which is greed for domination and power.
No, it’s not the most-capable-industrial-capitalists, as Hudson keeps pointing out, they have been usurped in “the west” by “Financial-Capitalists”, who spend company earnings and borrowings on stock-buybacks, which extract the value out of the 30-year investments of last century, consuming the business, consuming the production capacity, needing to consume new-host after new-host until…It’s the same exponential-growth eating a finite-pie. It’s just the same story. We understand the exponential function. Both Hudson and Marx favor(ed) industrial-Capitalism, Henry Ford and Otto Von Bismarck. They favor(ed) stable support systems for a productive society with minimal extraction of rent.
Financial capitalism drinks more blood and eats more flesh every year until nothing remains, then …Well, Russia, China, Iran, Syria, South America and Africa like that industrial-capitalism model better, because they are tired of being bled and consumed.
Only one man can raise the billions required to save FTX pic.twitter.com/Y4wSuYlf3f
— . (@SundownerCrypto) November 9, 2022
@ John Day.
Assume that in part of your post above is a covert reply to me?
Quote from it: “It’s the same exponential-growth eating a finite-pie.”
For Production and Finance pretzel it takes two (to tango). Every owner of enterprise that was taken over by the “financial sharks” left the field hardly destitute unlike the people who contributed in making the place worth consideration even by the before-mentioned. Nudged by the finance or not, almost every hi-player business, by it’s nature, wants to grow, destroy competition – all with the minimal cost across the board and by ALL means if necessary.
Could have sworn that Hank Rearden from “Atlas” had , as his goal, to be one and only producer of all the material supply for the rails on the planet to start with, than branch into any conceivable use for his “alloy”, then charge the clients to to the point of pain. To which, Dagney’s eyes lit up in anticipation. Bear in mind that he’s portrayed in the book as “ethical”
and fair player.
Businesses would usually start nice and docile, akin to talent contestant before Simon. With the first noticeable traction that coincides with unnoticed dependency on the product by the client/customer base, they turn tables on them. If successful with further growth next big stop is DC, since they already dipped their toes into local politics.
Once they reach that level owners are declared “communists” and destroyers of the country. Shhhweeet!Door cam, street/traffic cam, trail cam, drone cam, are all cheap ways of keeping track of the enemies.
Krystal Ball says: “Fetterman leaned into economic populism, pro union, anti corporate price gouging. He was the furthest left of the dem senate candidates and won the most indies, even after suffering a stroke. Dems have a winning model in economic populism”
No. The only thing Senator-elect John Fetterman “leans into” IS the side of his stroke, pusher syndrome.
Krystal is all projection, transference whatever you want to call it.
With his infarcted brain, Fetterman couldn’t pull together the words behind those ideas Krystal ascribes to him, ever.Since Nov. 8th, No one in Pennsylvania can look their neighbor in the eye. No one will admit they voted a neurologically impaired patient for Senatir to represent us for 6 years.
The farce that is Fetterman’s victory comes with added benefit. This tragedy allows the Democrat powerbrokers to point at Pennsylvania and say, “Yup, those White Deplorables earned the title.”
They also managed once again as in COVID’s early days to weaponize compassion and empathy in their monomaniacal war against Trump while crowing about a victorious strategy ex post facto over credulous knaves.Does anyone on this board still think clapper bells on COVID-skeptics is an effective strategy to protect your children against the disease?
Krystal Ball divorced her husband and married kyle kalinski. She’s a true bernie believer. Glad they push back some on certain things, but that’s all they’ll ever do.
From the ‘When It Rains It Pours” department Tom Brady edition.
Related to Sam Bankman-Fried’s criminality: “There are more funds, of course: Third Point and Altimeter Capital Management are among hedge funds that recently participated in funding rounds for Sam Bankman-Fried’s once-high-flying crypto exchange. Brevan Howard Asset Management’s Alan Howard, the family office of Paul Tudor Jones and Millennium Management founder Izzy Englander also chipped in as angel investors, alongside celebrities including Gisele Bundchen and Tom Brady”
Translation: Tom HAS to play football because Tom LOST all Giselle’s money IS a greater stress on the marriage. Truth will out and so will the unremitting stress.
Should you be curious the likelihood Tom or Giselle will fall deathly ill from this heightened stress in the near future, here’s the simple test to appraise us. The risk has been quantifiable for a long time.
From CAPT Richard Rahe MC USN (Ret) my academic advisor@Kultsommer: We are certainly talking about the same playing field of global economic and financial models, and their participating players. It really has been bouncing around in my mind again after reading thee most recent Hudson interview.
The Real Progressive interview of Michael Hudson (with transcript!)
Hudson really does point out that financial capitalists don’t have to be very bright at all. They are completely about short-term extraction of wealth, then moving on.
You talk about “owners” being paid well, but “ownership” is actually really complex, and has to be enforced by violence by some entity. I just wrote an essay that I’m about to post.
Hudson keeps making the point that the world is now in a war between 2 global systems.
Having studied history, I think the more efficient system usually “wins”, due to better-sustaining supply lines.I never read Atlas Shrugged, but yes, monopoly-rent-extraction is mighty enticing…
It is encouraging to see Batiuska totally independently write in a different form what I have been saying for over a decade and have presented on TAE on several occasions.
‘In 1066 and after, the Normans, led by William the Bastard/Conquistador, conquered England by genocide, though most of his mercenary force consisted of Flemings and Bretons, the bandit scum of north-western Europe. In other words, only the leadership elite were ‘Normans’. Their alliance of pillaging bandits went on to conquer Wales, Scotland and, in the twelfth century, Ireland, where they were known as ‘Anglo-Normans’.
Then they created a ‘Hundred Years War’ with France and intervened in other interminable wars on mainland Europe. However, their much later racial and ideological descendants and adepts, of all nationalities, went on to conquer worldwide territories in what became known as ‘The British Empire’. In fact, this was ‘The Norman Empire’. Noted for its ‘raiding and trading’, that is, pillaging and looting, it was the ultimate Viking enterprise, violent warriors replaced by ruthless traders, battle-axes by trade monopolies, excommunications by trade sanctions.’
He just fails to use the word terrorists to describe the Normans and their progeny [through to the present day]. The Normans weren’t the only terrorists of a thousand years ago, of course. I think what distinguished the Normans was that they were excellent sailors and had boats that could cross vast distances and emerge into a town on a river with little warning.
‘Rule Britannia, Britannia rule the waves.’
Britons always, always, always, shall be slaves.Batiuska’s texts would form an excellent foundation for history books to be used in NATOstan nations. Unfortunately, at the moment the censorship rules in the ‘free and democratic’ NATOstan nations currently preclude the distribution of truth, other than via the alternative media. And I’m sure the rule-makers would shut down all the alternative media if they could.
There was a brief period when truth was starting to leak into the Taranaki region via Taranaki Television. The managers of NZ Inc. (otherwise known as the government) sabotaged Taranaki Television.
The interesting point will be reached when the ‘alternative media’ have more readership/viewership than the mainstream media; it’s headed that way, but it seems there’s a long way to go yet. And we are surely running out of time. Have run out of time?
Feudalism > Industrialism > Feudalism?
That is surely the terrorists plan.
Usual source:
‘In Canada, a liquidity crunch has hit a large private mortgage investment fund. Real estate lender Romspen Investment has halted all withdrawals and redemptions as increasing numbers of borrowers fail to make scheduled payments. It is a C$2.8 bln fund. It might be a canary moment in the Canadian housing market’
All hands to the pumps?
They’re surely pumping something.
‘The UST 10yr yield started today at 3.84% and down a massive -33 bps from this time yesterday’
Could it be they’re pumping digits in computer systems?
‘The Kiwi dollar will open today at 60 USc and back up +1c since this time yesterday.’
Five weeks ago 55.9.
I see Lake Mead continue to drop.
No worries. ‘We’ll’ genetically engineer plants to grow without water.
‘Daily CO2
Nov. 8, 2022 = 416.64 ppm
Nov. 8, 2021 = 414.96 ppm’ (CO2.earth)I wonder what grand schemes the climate cop-out teams will come up with at the latest talkfest.
Whatever it is, it will be guaranteed to make matters worse.
‘I never read Atlas Shrugged’
You haven’t missed much. Boring to the point of being tedious in places. And loaded with political claptrap.
But I suppose it’s good to know the way the enemy thinks.
“Supply Lines” includes that essay I just threatened and a picture of a developing banana stalk
https://drjohnsblog.substack.com/p/supply-linesMost people think of war in terms of decisive battles and brilliant tactics, but I read that most generals and colonels think of war in terms of supply lines to the fighting forces. Wars are purportedly won more by the 90% “tail” than the 10% “tooth”.
Empires and multinational economic systems appear to be the same way. In the early days of colonialism, swords, armor, cavalry, cannons and muskets slaughtered native populations, freeing up their gold, lands and natural resources for industry, European industry, then American industry. Colonialism then moved some industry to the sources of the resources, while keeping profits at the center of the empire. That was more efficient, and prevailed.
Surprisingly, in the mid 1800s to mid 1900s, it was discovered that healthier and more motivated workers, with much higher wages and living standards, advanced industry rapidly and profitably. Otto Von Bismarck in Germany and Henry Ford in the US proved that to otherwise dubious elites in Europe and the US.
Colonialism and the Victorian era exploitation of workers, who died in their 20s, gave way to industrial capitalism with social safety nets for food, housing, medical care and old age. Industrial Capitalism flourished broadly in the world, including in former colonies.
Colonies were lost, just as chattel slavery was lost, because these forms were out-produced by industrial economies which provided high standards of living and security for their working populations. Marx was accepted by industrial capitalists, who incorporated his observations and analysis, making the revolutions of 1848-1849 and his Communist Manifesto, redundant. Marx died a success, long before the Bolshevik Revolution, which did not accomplish its stated goals.
Something changed in “capitalism” in the mid 20th century, quietly, and while maintaining the “brand-name”. “Industrial Capitalism” became increasingly parasitized by “Financial Capitalism”, which is the “Rentier” model of extracting value from any and all economies.
That’s parasitic blood-letting. The parasites have taken control of the financial system, which has taken control of the real economy.
The financial system, at best, facilitates the functions of the real economy, and carries information about how it is working, by means of production and “profits”.
Investments in production provide returns, based on how well the productive project performs in the real economy.
Banks don’t actually lend to make industries, as Michael Hudson likes to point out. Those “productive loans” are made through purchase of stocks, and sometimes corporate bonds.
Banks make non-productive loans on things of value, which already exist, like land, housing, and office buildings. Banks, and finance in general, seek to avoid all risk, placing all risk onto the borrower.
Productive investments, like purchasing stock in a growing factory, initially accepted risk in the venture, and was understood to share in the rewards of success, by getting paid dividends in the company, as it prospered. The factory could fail. The stock would then be worthless. Doing research into companies, before purchasing their stock was “due diligence”. These were long-term investments in progress.
Financialization and high-frequency-trading have eliminated that model for most public investors, because “activist shareholder” groups can band together, take over the controlling stock of a company, sell its assets, like factories, take out loans, and use the money to buy the stock back from themselves at great profit. they then abandon the hollow shell, like Sears.
This is bad for the long-term prospects of any nation, but the profits pay to capture regulators and provide public-relations advertising. “Financial Innovation” sounds better. Clinton got that stuff through Congress, eliminating the protections like the (nice and short) Glass Steagall Act of the Great Depression era.So, getting back to supply-lines winning a war… There is now a contest between the financial systems of the former colonial powers, the “developed/industrialized” nations, which are now being consumed from within, and the other 80% of the world, which pays them “tribute” in the form of profits, and supplies them with raw materials, and more and more manufactured goods.
Why supply the “owners” with profits and goods if they control neither the raw materials, the labor, or the means of production?
The only practical answer is that you will be severely harmed if you don’t, like Saddam Hussein and Moammer Ghaddaffi were.
That perfectly-good-reason is brought more and more into doubt, as western neo-colonial military prowess declines. Cuba, Iran and Venezuela are still being economically choked, which brings suffering and death upon their citizens. They are promised “relief” if they comply, but they see how those promises have been kept to others.
The NATO debacle in Afghanistan looked bad, looked like the fall of Saigon. The punishment of Russia, and destruction of the Russian economy, through the war in Ukraine, and western sanctions, was supposed to reassert the threat of suffering for non-compliance with the extraction-model. The punishing attacks broke fundamentally accepted rules of the global financial system, an all-or-nothing risk to that $US financial system. $300 billion of Russian $US and gold were confiscated. All $US holdings are declared to be discretionary to the US government going forward.
Iran, Venezuela and Afghanistan had been “sanctioned” this way, already, but this move meant that no global economic player had any security of wealth within the $US system. This made the issue of alternative global trade finance pressing and urgent to the rest of the world, 80% of the world. Fortunately, they had been working on alternatives since 2008, mainly to reduce their losses through payment of “tribute” to the system of financial-capitalism.
China has become the global manufacturing engine that the US was from the 1930s through the 1960s. Russia has the most natural resources of any country (USA #2). The BRICS consortium and the Shanghai Cooperation organization provide frameworks for cooperation outside of the $US dominated western financial system. Many exploited countries of the “global south” would much prefer to profit from their own national resources and industry, to raise the living standards of their own citizens. This is not to say that their elites are not selfish and dishonest, but to say that they have good reason to cooperate to replace the present exploitative system, especially since the threat to them personally is becoming less and less.
After Nixon was forced to default on the gold-standard, and negotiated a special-relationship with King Faisal, Saudi Arabia became the pivotal country in the petro-dollar arrangement. Saudi Arabia only accepted $US in payment for oil, holding global oil markets to that standard, and reinvesting $US in US Treasury debt, sustaining the $US imperial system and funding the US federal government in (almost) perpetuity.
Saudi Arabia now has other offers to consider. Protection and profit are the interests of the Kingdom. Russia seems to be pretty reliable in the “protection” department, and China is a big market, and manufactures most of what the world needs. Saudi Arabia openly plans to join BRICS, and has been very cooperative with Russia and China, even somewhat cooperative with Iran, lately.Not very afraid:
Russian LNG suppliers have recently sold LNG cargoes in Asia at close to the prevailing spot market prices, suggesting that fears of sanctions on Russia’s LNG exports have nearly disappeared.https://oilprice.com/Latest-Energy-News/World-News/Steep-Discount-On-Russian-LNG-Disappears.html
It is interesting to me that Musk and Dorsey have history in PayPal, electronic finance, and Musk’s biggest co-owners of Twitter are now Dorsey and a Saudi Prince. Is this going to be a new independent global financial platform? Just wondering…
https://www.theguardian.com/technology/2022/nov/10/biden-says-elon-musks-connections-to-other-countries-worthy-of-being-looked-at The post-war phase (1950-1980) involved the victory of national liberation movements – China, Vietnam – in south east Asia and the middle-east – still ongoing – enabled the peripheries to impose a revision of the old asymmetrical terms of the global system and to enter into the industrial age. This period of negotiated globalization was exceptional, and it is interesting to note that the world then experienced growth that was the strongest known in history as well as the least uneven in terms of the distribution of what was produced and distributed
But whisper it softly there has occurred a slow geopolitical burn which is now not easily snuffed out and which goes from strength to strength. This emerging bloc of independent Eurasian states led in the main by Russia and China and organized in the BRICS (Brazil-Russia-China-India-SouthAfrica) and Shanghai Corporation Organization (SCO) represent an alternative system to the glaring global level of inequality and stands out like a beacon of light against the parasitism and orthodoxies of laissez-faire extractive capitalism/imperialism.
In more general terms Michael Hudson lays out a precis of a choice between the two alternatives. As follows:
”Finance capitalism is de-industrializing the US economy and that of its allied NATO satellites. The Destiny of Civilization explains that the resulting international diplomacy is not a competition for markets (as the Western Economies are already deindustrializing as a byproduct of financialization and capital’s war against wage labour), nor a conflict between democratic freedom and authoritarianism, but rather a conflict of economic systems juxtaposing the rentier economics of debt-deflation and austerity to socialist state-subsidized growth protecting the 99% by keeping the 1% in check.’’ The global financial-extraction system sees a new way to forge-forward in reducing wages, while maintaining worker-motivation and “productivity”. We know that they see “transhumanism” as the answer, replacing human ingenuity with AI, and motivating the few necessary human workers with brain implants and control of all finance and purchases. This “solution” clearly converges on reduction of workers to nothing, no-expense, no-voice, no ability to be “consumers”, to be a “market”. Like exponential-growth on a finite planet, the end-game of this “trans-human” regime is clearly defined, and would be approached in a short time.
What would be the next economic arrangement? It seems like there would not be one, after the replacement of natural humans with cyborg-slaves, incapable of autonomus actions.
Maybe I just don’t have a good enough imagination, but it is easier for me to imagine replacement of the global-neoliberal financial-capitalism model with good-old-fashioned Henry Ford industrial capitalism, supported by public provision of schooling, utilities, roads, medical care and retirement security.Doug Casey on the World Economic Forum’s Plan for Mankind and What Comes Next
The pervasive use of government newspeak in this article is chilling, but that’s what happens when one has to quote government mouthpieces and functionaries.
You have to think a bit about what each genteel statement means when it is carried out in the world.
The Quiet Merger Between Online Platforms and the National Security State Continues
https://jacobin.com/2022/11/dhs-big-tech-surveillance-censorship-mdm Hungary says they saw what happened when they agreed to the COVID emergency borrowing through the EU. Hungary and Poland are having their own funds withheld by the EU right now, but are expected to vote in favor of backing another loan-to-nowhere for the NATO Mafia to distribute as it sees fit.
Hungary reacts to EU aid plan for Kiev
https://www.rt.com/news/566202-hungary-rejects-ukraine-plan/ Russian preparations to withdraw across the river from Kherson are detailed here. The city has been evacuated of civilians, and is expected to become a kill-zone for either Russian or Ukrainian military forces soon. Ukrainian forces have taken very high losses in the past 3 months of offensive attacks around Kherson. If Ukrainian forces take Kherson they can strike at Crimea. If Russian forces later retake Kherson, they are expected to advance to Odessa, capturing the whole Ukrainian Black Sea coastline. Ukraine is really muddy and still having heavy rains. Tank maneuvers will be possible by early December, when the ground is frozen solid. https://www.moonofalabama.org/2022/11/the-pullout-from-kherson.html
I think you need a better back-up plan then growing potatoes indoors in Canada.
Certainly there must be some other way.
What if the electricity goes out during the apocalypse?Apropos of nothing and everything, a slice of life from a catch-up letter with an old friend whose mother died just days before Hurricane Ian left them powerless for a long stretch. Shared not for itself per se but because how it fits in with what I feel is the best cover, the definitively done evolution, of a very great 20th Century musical masterpiece, T. Hardin’s If I Were a Carpenter, which version I found only because I’d written said catch-up letter:
“BTW, you’re a genius. How do I know? Well, look at the guy you married. Just some bohunk ex-jarhead to most people’s eyes, but you have the eyes of a true teacher. It’s fun watching a man turn into the best imitation of a saint that he can. Well, men have to try. It’s all they’ve got, lacking reproductive organs.
“btw, most of my wife’s college buddies encouraged her not to marry me. They were sure I was just another good-looking loser cashing in on the fat broad. I’m exaggerating but it was there. But she saw some fool man trying to be a saint, and she fell in step with him just as if I were a carpenter.”
I’m still a loser just no longer good-looking. As for sainthood: we all have our moments, yes? 🙂
***
Re: Russia/Ukraine: I’ve seen the movie. Spoiler Alert: Russia wins. Also, it’s surprisingly free of blockbuster special effects. They did focus groups on the original ending’s wipeout of the Eastern USA coast with tsunamis induced by Russian nuclear torpedo drones after Euromerica nuked Lisbon (why Lisbon? something to do with cabalistic occult numerology and the Great Earthquake of 1755. something-something plausibly deniable Hollywood movie plot credibility. part of the fake realism/real fakeism cinema movement.)
Focus group didn’t like that Eastern seaboard thingie because, in the end, even Joe Biden and His Furry Friends don’t want to die that way. Nuked, sure. Ground Zero is a sweet way to go. Wait for the green flash!) But drowning in a 500′ tall tsunami of radioactive seawater could be painful, and provide even less escape time than ICBMs. Focus group did admit, however, that the image of MArine One taking off only to be swallowed by a giant wave, was awesome.
Besides, with gain-of-function viruses and patented genetic poisons force-fed by magic spells from magic screens…
…who needs nukes?
Now, major cyber-attacks, even full-blown bipolar fusillades by both sides, I could see that happening. Gubmint rich guy underground *bunkers (look for the Golden *Archies!) have their own power and what not. Maybe even schedule it for the worst possible weather so that the most people die. Ah, Europe under snow during neo-covid VAIDS time.
“What if the electricity goes out during the apocalypse?”
This is why it is popularly believed that neither the revolution nor the apocalypse will be televised.
As for this remake’s seemingly archaic black power<>oppression theme: people stand where they sit. Plus, racial lines will be drawn as fast as soup kitchen lines are.
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