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À partir d’avant-hierLiberty Blitzkrieg

Cancel Yourself

At this point we find ourselves confronted by a very disquieting question: Do we really wish to act upon our knowledge? Does a majority of the population think it worthwhile to take a good deal of trouble, in order to halt and, if possible, reverse the current drift toward totalitarian control of everything? If the United States of America is the prophetic image of the rest of the urban-industrial world as it will be a few years from now — recent public opinion polls have revealed that an actual majority of young people in their teens, the voters of tomorrow, have no faith in democratic institutions, see no objection to the censor­ship of unpopular ideas, do not believe that govern­ment of the people by the people is possible and would be perfectly content, if they can continue to live in the style to which the boom has accustomed them, to be ruled, from above, by an oligarchy of assorted experts. That so many of the well-fed young television-watchers in the world’s most powerful democracy should be so completely indifferent to the idea of self-government, so blankly uninterested in freedom of thought and the right to dissent, is distressing, but not too surprising. “Free as a bird,” we say, and envy the winged creatures for their power of unrestricted movement in all the three dimensions. But, alas, we forget the dodo. Any bird that has learned how to grub up a good living without being compelled to use its wings will soon renounce the privilege of flight and remain forever grounded. Something analogous is true of human beings. If the bread is supplied regularly and copiously three times a day, many of them will be perfectly content to live by bread alone — or at least by bread and circuses alone.

Take the right to vote. In principle it is a great privilege. In practice as recent history has repeatedly shown the right to vote by itself is no guarantee of liberty. Therefore if you wish to avoid dictatorship by referendum break up modern society’s merely func­tional collectives into self-governing voluntarily cooperating groups capable of functioning outside the bureaucratic systems of Big Business and Big Govern­ment.

- Aldous Huxley, Brave New World Revisited, 1958

This isn't how I intended to return to writing. There was supposed to be a new website and a new focus, but circumstances emerged and laid waste to my plans. So here I am, back again. I'm a bit rusty so bear with me.

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Farewell…For Now

Remember: Matter. How tiny your share of it.
Time. How brief and fleeting your allotment of it.
Fate. How small a role you play in it.

- Marcus Aurelius, Meditations

For the past ten years, I've spent most of my waking hours learning how the systems we live under function and how wealth and power operate and consolidate in the U.S. as well as globally. I've learned a lot and I've shared a lot. If I could go back and do it all over again, I would.

I dedicated all that time and energy to writing and engaging on the big issues of our era for two main reasons. First, I felt there was a window of opportunity to turn the ship around and reform the system to avoid needless additional widespread suffering and upheaval, which to me was guaranteed given the destructive path to which our ruling class was obstinately committed. Second, my decade on Wall Street offered some valuable insight into the inner workings of financial feudalism and how it systematically and intentionally enriches certain small segments of the populace while enslaving the masses via perpetual colossal debt issuance coupled with reoccurring central bank bailouts for the creditor and financial asset speculator class. This wasn't widely appreciated when I first started writing about it, so it became a personal mission to inform as many people as possible.

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Brief Thoughts on Financial Markets

I rarely discuss financial markets these days. Although I pay attention, it's not in the obsessive manner I did a decade ago. I mainly keep my eyes out for potential big macro turning points, and if I see something interesting in that regard, I try to share it with readers. This means I might not mention markets for months at a time, if not longer. I think the setup right now is unique enough to provide a few thoughts.

The only chart or ratio I really pay attention to is SPY/GLD, which is a proxy for the S&P 500 priced in gold. In my view, a real equity bull market is characterized by equities rising and hitting new highs in gold terms, not just in nominal terms.

Let's take a longer-term look at this ratio.

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Trust No One

The title of today's post is not meant to be taken literally. I trust plenty of people. I trust friends who've demonstrated their trustworthiness over the years. I trust my family. Having people in my life I love and trust makes everything far more meaningful and pleasant. I hope people reading this likewise have a circle of trust they've built over the years.

On the other hand, you should never trust anyone or anything that hasn't given you good reason to do so, and if someone or something gives you good reason not to trust them, you should never forget that. The more power a person or institution has in society, the less trustworthy they tend to be. I don't say this because it's fun to be cynical, I say this because my life experience has demonstrated its accuracy.

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Resist the Crazy

Where's evil? It's that large part of every man that wants to hate without limit, that wants to hate with God on its side. It's that part of every man that finds all kinds of ugliness so attractive - it's that part of an imbecile that punishes and vilifies and makes war gladly.

- Kurt Vonnegut, Mother Night

As things felt like they were spiraling out of control last week, as Americans and people around the world were inundated with endless videos of street violence in addition to reactionary calls to deploy the U.S. military to cities across the country, the temptation to lose control of one's mental faculties and basic humanity was heightened.

I saw evidence of this all around me. There was a dark and vicious energy in the air, and it felt contagious.

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We’re in the Thick of It Now – What Happens Next?

It's with an extremely heavy heart that I sit down to write today's post. Although widespread civil unrest was easy to predict, it doesn't make the situation any less sad and dangerous. We're in the thick of it now, and how we respond will likely determine the direction of the country for decades to come.

If the combination of peaceful protesting, looting and violence witnessed across American cities over the past few days completely caught you off guard, you're likely to come to the worst possible conclusion about what to do next. The knee-jerk response I'm already seeing from many is to crush the dissent by all means necessary, but that's exactly how you give the imperial state and oligarchy more power. Power it will never relinquish.

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It’s Time to Step Into the Arena

There's a passage in Teddy Roosevelt's famous 1910 “Citizenship in a Republic” speech I want to share with you today:

If a man’s efficiency is not guided and regulated by a moral sense, then the more efficient he is the worse he is, the more dangerous to the body politic. Courage, intellect, all the masterful qualities, serve but to make a man more evil if they are merely used for that man’s own advancement, with brutal indifference to the rights of others. It speaks ill for the community if the community worships those qualities and treats their possessors as heroes regardless of whether the qualities are used rightly or wrongly. It makes no difference as to the precise way in which this sinister efficiency is shown. It makes no difference whether such a man’s force and ability betray themselves in a career of money-maker or politician, soldier or orator, journalist or popular leader. If the man works for evil, then the more successful he is the more he should be despised and condemned by all upright and far-seeing men. To judge a man merely by success is an abhorrent wrong; and if the people at large habitually so judge men, if they grow to condone wickedness because the wicked man triumphs, they show their inability to understand that in the last analysis free institutions rest upon the character of citizenship, and that by such admiration of evil they prove themselves unfit for liberty.

The above words strike me as a perfect description of the deep hole we find ourselves in presently throughout these United States of America. It takes a whole nation to screw things up as badly as we have, and boy have we ever.

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You’re Being Conditioned to Live in a “Smart City” – Resist It

And at the dead center of it all is Eric Schmidt. Well before Americans understood the threat of Covid-19, Schmidt had been on an aggressive lobbying and public relations campaign pushing precisely the “Black Mirror” vision of society that Cuomo has just empowered him to build. At the heart of this vision is seamless integration of government with a handful of Silicon Valley giants — with public schools, hospitals, doctor’s offices, police, and military all outsourcing (at a high cost) many of their core functions to private tech companies.

- The Intercept: Screen New Deal

Each crisis in the 21st century has been aggressively and ruthlessly wielded into a massive wealth and power grab by the American oligarchy and national security state. The big power grab following 9/11 centered around whittling away constitutional rights via mass surveillance in the name of "keeping us safe", while the money grab after last decade's financial crisis concentrated wealth and assets into fewer hands while entrenching financial feudalism and making the Federal Reserve and mega banks even more powerful.

Despite the success of this diabolical and intentional concentration of money and power, there's still too much privacy, freedom and independent wealth around for the imperial oligarchy to feel comfortable. As such, the current pandemic is being used to put the finishing touches on whatever little political and economic freedom remains in these United States.

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Chinagate is the New Russiagate

I’ve become convinced the next major event that’ll be used to further centralize power and escalate domestic authoritarianism will center around U.S.-China tensions. We haven’t witnessed this “event” yet, but there’s a good chance it’ll occur within the next year or two. Currently, the front runner appears to be a major aggressive move by China into Hong Kong, but it could be anything really. Taiwan, the South China Sea, currency, economic or cyber warfare; the flash points are numerous and growing by the day. Something is going to snap and when it does we better be prepared to not act like mindless imbeciles for the fourth time this century.

When that day arrives, and it’s likely not too far off, certain factions will try to sell you on the monstrous idea that we must become more like China to defeat China. We’ll be told we need more centralization, more authoritarianism, and less freedom and civil liberties or China will win. Such talk is nonsense and the wise way to respond is to reject the worst aspects of the Chinese system and head the other way.

- From my 2019 piece: Two Paths Forward with China – The Good and The Bad

As the clownish farce that is Russiagate slinks back into the psyop dumpster from which it emerged, an even more destructive narrative has metastasized following the U.S. government's incompetent response to covid-19.

It was clear to me from the start that Russiagate was a nonsensical narrative wildly embraced by a variety of powerful people in the wake of Trump's election merely to serve their own ends. For establishment Democrats, it was a way to pretend Hillary Clinton didn't actually lose because she was a wretched status quo candidate with a destructive track record, but she lost due to "foreign meddling." This allowed those involved in her campaign to deflect blame, but it also short-circuited any discussion of the merits of populism and widespread voter dissatisfaction (within both parties) percolating throughout the land. It was a fairytale invented by people intentionally putting their heads in the sand in order to avoid confrontation with political reality and to keep their cushy gravy-train of entrenched corruption going.

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The Future Must Be Decentralized and Localized

We find ourselves at a moment where the financial and political systems that have dominated for decades are failing in a spectacular and irredeemable fashion. Those who pull the levers are (as usual) attempting to take advantage of the situation by rapaciously snatching and consolidating more wealth and power, while leaving the general public to rot. When faced with such a historic moment, one should assume a certain degree of responsibility to make sure the next paradigm ends up better than the one we're leaving. If we fail to think deeply about an improved vision and framework for the future, someone else will do it for us.

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What Are You Gonna Do About It?

Tucked into the recent recovery bill was a provision granting the Federal Reserve the right to set up a $450 billion bailout plan without following key provisions of the federal open meetings law, including announcing its meetings or keeping most records about them, according to a POLITICO review of the legislation.

The provision further calls into question the transparency and oversight for the biggest bailout law ever passed by Congress. President Donald Trump has indicated he does not plan to comply with another part of the new law intended to boost Congress’ oversight powers of the bailout funds. And earlier this week, Trump dismissed the government official chosen as the chief watchdog for the stimulus package.

The changes at the central bank – which appear to have been inserted into the 880-page bill by sympathetic senators during the scramble to get it approved -- would address a complaint that the Fed faced during the 2008 financial crisis, when board members couldn’t easily hold group conversations to address the fast-moving economic turmoil.

The provision dispenses with a longstanding accountability rule that the board has to give at least one day’s notice before holding a meeting. Experts say the change could lead to key information about the $450 billion bailout fund, such as which firms might benefit from the program, remaining inaccessible long after the bailout is over.

The new law would absolve the board of the requirement to keep minutes to closed-door meetings as it deliberates on how to set up the $450 billion loan program. That would severely limit the amount of information potentially available to the public on what influenced the board’s decision-making. The board would only have to keep a record of its votes, though they wouldn’t have to be made public during the coronavirus crisis.

A Fed spokesperson did not comment on the changes in the law or whether the Fed would continue keeping records of its meetings.

- Politico: Recovery Law Allows Fed to Rope off Public as It Spends Billions

An era can be said to end when its basic illusions are exhausted.

- Arthur Miller

Before going any further, I want to share a graphic that accurately summarizes my position on the current pandemic affecting the world.

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Question Everything

Crises, like pandemics, don't break things in and of themselves; they show you what's already broken.

- Patrick Wyman

Big macro crises in any form are scary, massively disruptive, and in some cases, literally deadly. This is why governments and entrenched institutions always see such events as opportunities to further consolidate wealth and power.

The current global pandemic is no exception, as I detailed in last week's piece: Power Grab. While it's necessary to be aware of this reality -- and to push back against it wherever possible -- it's equally important to recognize there's a silver lining to all of this.

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Power Grab

I met a traveller from an antique land
Who said: Two vast and trunkless legs of stone
Stand in the desert. Near them, on the sand,
Half sunk, a shattered visage lies, whose frown,
And wrinkled lip, and sneer of cold command,
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed:
And on the pedestal these words appear:
'My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!'
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away

- Percy Shelley, Ozymandias

It didn't take long for the most opportunistic, nefarious and corrupt actors in the U.S. to turn a pandemic crisis into another massive power grab attempt. We've seen it before; after 9/11 and also throughout the response to the financial crisis a decade ago. The irredeemable sociopaths who always make the big, important decisions used those crises to consolidate wealth and power. They're going for it again.

There are many examples, but let me list a few:

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Localism in the 2020s, Part 5 (Pandemic) – It All Starts With You

And it was in the midst of shouts rolling against the terrace wall in massive waves that waxed in volume and duration, while cataracts of colored fire fell thicker through the darkness, that Dr. Rieux resolved to compile this chronicle, so that he should not be one of those who hold their peace but should bear witness in favor of those plague-stricken people; so that some memorial of the injustice and outrage done them might endure; and to state quite simply what we learn in times of pestilence: that there are more things to admire in men than to despise.

- Albert Camus, The Plague

It's likely the past few weeks have been some of the most surreal you've ever experienced; I know it's been the case for me. The largest cities in the U.S. are essentially on lockdown, the stock market is in free fall and grocery stores are being stripped bare. It feels like a very dark moment, but in such darkness I see the light of a new beginning. A new beginning that starts with each and every one of us.

One of the things that helped me navigate the last couple of months in a state of relative calm is a longstanding understanding that something of this sort was inevitable. Not a pandemic necessarily, but something was bound to come along and slam us unexpectedly, and that when it did, the impact would be shockingly disruptive given how completely brittle and phony our economies and societies have become.

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A Shaky Foundation

And so castles made of sand fall in the sea, eventually.
- Jimi Hendrix

There's a widespread belief out there that the U.S. and the global economy in general is on much sounder footing ever since the financial crisis of a decade ago. Unfortunately, this false assumption has resulted in widespread complacency and elevated levels of systemic risk as we enter the early part of the 2020s.

All it takes is a cursory amount of research to discover nothing was "reset" or fixed by the government and central bank response to that crisis. Rather, the entire response was just a gigantic coverup of the crimes and irresponsible behavior that occurred, coupled with a bailout designed to enrich and empower those who needed and deserved it least.

Everything was papered over in order to resuscitate a failed paradigm without reforming anything. Since it was all about pretending nothing was structurally wrong with the system, the response was to build more castles of sand on top of old ones that had unceremoniously crumbled. The whole event was a huge warning sign and opportunity to change course, but it was completely ignored. Enter novel coronavirus.

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Critical Thinking Has Never Been More Important

There are several reasons I spend so much time discussing and analyzing the current state of affairs. The primary motivation, aside from a drive to share personal opinions and spread awareness, is to encourage people to think critically. I don't want readers to agree with everything I say, I want people to become inspired to think for themselves.

The ruling class doesn't want you to think, they want you to simply accept the nonsensical stories they tell you. By contrast, I don't want readers to blindly accept any of my conclusions, rather, I want my work be a case study on how to deploy independent logic and insight to a variety of topics and situations.

While I haven't discussed the 2020 presidential campaign much here, I comment on it quite a bit over at Twitter, and people often ask why I discuss the circus at all. The reason isn't because I expect a politician to come save us and make everything right again, but because the establishment response to populist-type candidates is so instructive.

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Financial Feudalism

“Happy 18th Birthday! Meet your new Daddy,” read one website advertisement. “Do you have strong oral skills? We’ve got a job for you!” cooed another.

A message on another billboard directed at the “daddies” was more blunt: “The alternative to escorts. Desperate women will do anything"...

SeekingArrangement was founded by Las Vegas tech tycoon Brandon Wade. Wade is apparently worth somewhere in the neighborhood of $40 million. His motto is, “Love is a concept invented by poor people”...

SA also markets itself as an antidote to student debt. In the U.S. and elsewhere, college students are enduring financial instability and hardship. Because of rising college fees and rent, and the lack of time available for work during studies, many women are extremely vulnerable to exploitation. “SeekingArrangement.com has helped facilitate hundreds of thousands, if not millions, of arrangements that have helped students graduate debt-free,” Wade boasts on the website. Promotional videos show young, beautiful women enrolled in “Sugar Baby University” — in classrooms, holding wads of cash, driving luxury cars, and discussing the pleasure and ease of being a sugar baby.

When signing up for an account, potential sugar babies are told, “Tip: Using a .edu email address earns you a free upgrade!”

- TruthDig: Sugar-Coated Pimping

When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.

– Frédéric Bastiat

Watching politics unfold in the post-financial crisis era has been extraordinarily frustrating. While it's been refreshing to observe the emergence of grassroots populism over the last few years, there's a problematic lack of depth and clarity embedded in these burgeoning mass movements. Tens if not hundreds of millions of Americans now acknowledge that something's deeply broken within the current paradigm, but we remain focused on identifying symptoms as opposed to understanding and rectifying the systemic nature of the problem.

https://twitter.com/LibertyBlitz/status/1229431242417852418

Of course, there are numerous complexities when it comes to the administration of an imperial oligarchy, and our system didn't emerge overnight. Perhaps the most fundamental mutation of the post WW2 era came in 1971 when the international convertibility of U.S. dollars into gold was severed. This is when the country began its long transformation from a largely industrial empire to a financial one. I've often highlighted how the purely fiat USD reserve currency is the most powerful weapon ever invented, and how the U.S. control of the global financial system is the true backbone of empire, but it's equally important to understand how the predatory financial system is also used to subjugate Americans in their own country.

In order to understand how this works we need to dig into the most fundamentally important four letter word in any modern economy: Debt.

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Zerohedge’s Twitter Account is Permanently Banished

Most of you reading this will be aware that Zerohedge's prolific and highly popular twitter account with over 670,000 followers was on the receiving end of a lifetime ban by the Twitter politburo. This post won't focus on the details of this specific ban, but if you want to read more about it, see the following: Zerohedge Suspended On Twitter.

It's imperative not to overly focus on the individual victims of tech giant bans, and instead zero in on the bigger picture. Rather than debating whether or not you like Zerohedge, or whether you think it crossed a line, I want to highlight the dangerous implications of dominant social media companies wielding permanent bans as a weapon against freedom of speech in practice.

This post will cover three main issues. First, the fact that Twitter and other social media companies have essentially created a caste system when it comes to engagement on their platforms. Second, the question of whether or not a lifetime ban from social media platforms is an ethical concept. Third, the dangers of Twitter essentially throwing the entire timeline of a banished account into the memory hole.

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Localism in the 2020s (Part 4) – Creating More Voluntary Unions

Disclaimer: I don't have answers to everything. In fact, I probably don't have answers to anything at all, just some thoughts on what's wrong with the structure of governance around the world (it's too centralized and authoritarian) and some general ideas about what direction we should head in.

Given the increased likelihood that all sorts of things about the current paradigm will begin to fail in a more acute and undeniable manner in the years ahead, well intentioned people capable of critical thought should begin contemplating how things could be as opposed to how they are. Ideally, this will lead to increased action and experimentation, particularly at a local level. Never forget, if we don't come up with our own ideas and perspectives for how things should be, others will be more than happy to decide for us.

This piece should be seen as a thought exercise of how I would think about structuring things if presented with a blank slate opportunity. 

In Part 3 of this series, I outlined a framework of sovereignty beginning with the individual, progressing to family, municipality/county, state and finally country. Though the broadest scope of decision making should always reside with the individual, the reality of social relations means some individual autonomy is relinquished as sovereign units grow to include more and more people. It's part of human nature to expand beyond ourselves and our families into larger and more complex social relationships, but far more thought should be directed at the dangers and uncertainties that arise as these units start to include increased degrees of geography and population.

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Localism in the 2020s (Part 3) – Scaling Politics

Today's post will outline a framework through which I've come to view politics, as well as life in general. It will identify and examine various units of sovereignty as they exist in the contemporary U.S., since that's the political system I'm most familiar with. Nevertheless, the overall framework should prove useful to people living all over the world.

Let's start from the beginning. The most basic and meaningful unit of sovereignty is the individual, followed by the family, the municipality/county, the state (California, New York, Texas, etc) and finally the federal government (Washington D.C.). It's my view that within a healthy society the scope of governance should decline as you add more and more individuals to the mix. It's at the most basic unit of sovereignty (the individual), where authority over most of life's decisions should reside. This runs the gamut from the really big decisions, such as what sort of work to do, who to marry, what religion (if any) to believe in; to the completely mundane, such as what to eat for breakfast.

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Localism in the 2020s (Part 2) – Facial Recognition, Psilocybin and Beyond

Contrary to popular opinion, I think a loss of faith in Washington D.C. and its institutions is entirely rational and healthy. Maintaining faith in something due to tradition or the fumes of hope won't lead to anything productive, rather, it's preferable to honestly assess the reality of whatever situation you're in and reorient your worldview and priorities accordingly.

Whether the issue relates to above the law criminal bankers, a Federal Reserve which systematically funnels free money to the already wealthy and powerful, the societal dominance of free speech and privacy-despising tech giant monopolies, or the national security state's undeclared forever wars for empire, there's no good reason to maintain any faith in the federal government and the oligarchs/special interests who control it.

Philosophically speaking, I've come to conclude the only way to truly have self-government where community life reflects the desires and needs of the people who live there is by concentrating decision making at the local level. I've become increasingly interested in the general idea of localism not just because I agree with it in theory, but because it seems more and more people will begin to gravitate toward this perspective and life strategy out of necessity and frustration.

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Another Stupid War

All I wanted to do this week was work on part 2 of my localism series, but circumstances quickly got the best of me. The assassination of Iran's top general Qassem Soleimani was an event of such historical significance, I feel obligated to detail my thoughts on what it means and how things unfold from here, especially given how much of a role geopolitics and questions of empire have played in my writings.

First off, we need to understand the U.S. is now at war with Iran. It's an undeclared, insane and unconstitutional war, but it is war nonetheless. There is no world in which one government intentionally assassinates the top general of another government and that not be warfare. You can argue the U.S. and Iran were already engaged in low-level proxy wars, and that's a fair assessment, but you can't say we aren't currently in a far more serious a state of war. We are.

Soleimani was not only a powerful general, he was a popular figure within Iran. Unlike other blows the U.S. and Iran have inflicted upon one another, this cannot be walked back. There's no deescalation from here, only escalation. Even if you want to pretend this didn't happen and turn back the clock, it's impossible. This is a major event of historical proportions and should be seen as such. Everything has been turned up a notch.

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Localism in the 2020s (Part 1) – The 2nd Amendment Sanctuary Movement

Many of you probably have heard of the second amendment sanctuary movement, which consists of municipalities and counties across the U.S. passing resolutions pledging not to enforce additional gun control measures infringing upon the right to bear arms. The current movement traces its origins back to Effingham County in southern Illinois, which passed a resolution in April 2018 calling the county a second amendment "sanctuary", essentially a vow to ignore gun control legislation proposed by Illinois state lawmakers. This particular tactic gained traction not just within Illinois, where 67 of 102 counties have now passed similar resolutions, but throughout the country.

The movement started gaining more attention over the past couple of months following the blistering momentum it found in Virginia after Democrats won the state legislature in November. As of this writing, 87 out of Virginia's 95 counties have passed such resolutions and it's important to note that virtually all of them were passed in the two months since the election. In other words, this is happening at a very rapid pace.

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Three Major Imbalances – Financial, Trust and Geopolitical

But greed is a bottomless pit
And our freedom's a joke
We're just taking a piss
And the whole world must watch the sad comic display
If you're still free start running away
Cause we're coming for you!

- Conor Oberst, "Land Locked Blues"

It's hard to believe 2020 is just around the corner. If the last ten years have taught us anything, it's the extent to which a vicious and corrupt oligarchy will go to further extend and entrench their economic and societal interests. Although the myriad desperate actions undertaken by the ruling class this past decade have managed to sustain the current paradigm a bit longer, it has not come without cost and major long-term consequence. Gigantic imbalances across multiple areas have been created and worsened, and the resolution of these in the years ahead (2020-2025) will shape the future for decades to come. I want to discuss three of them today, the financial system imbalance, the trust imbalance and the geopolitical imbalance.

Recent posts have focused on how what really matters in a crisis is not the event itself, but the response to it. The financial crisis of ten years ago is particularly instructive, as the entire institutional response to a widespread financial industry crime spree was to focus on saving a failed system and then pretending nothing happened. The public was given no time or space to debate whether the system needed saving; or more specifically, which parts needed saving, which parts needed wholesale restructuring and which parts should've been thrown into the dustbin. Rather, unelected central bankers stepped in with trillions in order to prop up, empower and reward the very industry and individuals that created the crisis to begin with. There was no real public debate, central bankers just did whatever they wanted. It was a moment so brazen and disturbing it shook many of us, including myself, out of a lifetime of propaganda induced deception.

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Two Paths Forward with China – The Good and The Bad

Since a few things became clear to me last year, I've consistently forecasted a significant worsening in U.S.-China relations and remained adamant that all the happy talk of trade deals and breakthroughs is just a lot of hot air. What first appeared to be a unique quirk of Donald Trump has morphed into bipartisan consensus in Congress, and clear signs have emerged that the general public has likewise become alarmed at China's growing global clout.

Due to this, as well as a litany of other factors outlined in prior posts, it's highly unlikely the current trajectory will reverse course and result in a return to what had been business as usual. Instead, we're probably headed toward a serious and historically meaningful escalation of tensions between the U.S. and China, with what we've seen thus far simply a prelude to the main drama. If I'm correct and the ship has already sailed, we should focus our attention on how we respond to what could quickly become a very dicey scenario filled with heightened emotions and nefarious agendas. There's a good way to respond and a bad way.

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The Illiberal World Order

From a big picture perspective, the largest rift in American politics is between those willing to admit reality and those clinging to a dishonest perception of a past that never actually existed. Ironically, those who most frequently use "post-truth" to describe our current era tend to be those with the most distorted view of what was really happening during the Clinton/Bush/Obama reign.

Despite massive amounts of evidence to the contrary, such people now enthusiastically whitewash the decades preceding Trump to turn it into a paragon of human liberty, justice and economic wonder. You don't have to look deep to understand that resistance liberals are now actually conservatives, brimming with nostalgia for the days before significant numbers of people became wise to what's been happening all along.

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Bolivia Adds to the Ranks of Global Political Chaos

Two days before Bolivian president Evo Morales was pushed out by the country's military, Mark Weisbot of the Center for Economic and Policy Research penned a warning about what was happening, and what might unfold, in a Nation article titled, The Trump Administration Is Undercutting Democracy in Bolivia.

He noted:

Multilateral organizations like the Organization of American States (OAS) have a certain perceived impartiality because they are, in theory, controlled by a diverse group of nations. But sometimes a great power can wield a disproportionate influence. It could theoretically be a coincidence that both the Trump administration and the OAS have tried—without offering any evidence—to discredit Bolivia’s national election in the past couple of weeks. But it’s more likely that this dangerous, ugly, and destabilizing operation is being pushed by Washington.

This "destabilizing operation" came to a head yesterday when Morales resigned under pressure from the military amidst a wave of protests and violence. The situation is Bolivia is complicated, but one thing you can be sure of is anything you hear or read in U.S. mass media will be a heaping pile of lies and propaganda. Fortunately, I came across a really helpful thread courtesy of Kevin Cashman.

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U.S.-China Relations in the Years Ahead: The Trade War Is a Sideshow

As President Trump has said many times, we rebuilt China over the past 25 years. No truer words were spoken, but those days are over.

The United States now recognizes China as a strategic and economic rival.

- Vice President Mike Pence during a speech last week at the Woodrow Wilson International Center for Scholars

The truth is that China is a strategic competitor at best that uses coercion and corruption as its tools of statecraft. (Applause.) 

We’ve reconvened “the Quad” – the security talks between Japan, Australia, India and the Untied States that had been dormant for nine years. This will prove very important in the efforts ahead, ensuring that China retains only its proper place in the world.

- Secretary of State Mike Pompeo in a speech last week to the Heritage Foundation

I don't take the U.S.-China trade war seriously, because I don't expect a transformative deal to come of it. Specifically, I see the current trade charade as little more than a warmup to a far more serious, unpredictable and dangerous conflict between the U.S. and China in the years ahead.

Last December, in a piece titled Is U.S. Geopolitical Strategy Experiencing a Monumental Shift?, I explained how the U.S. was repositioning its foreign policy to focus on China, and how this would set off a long-lasting and enormously consequential feud between the dominant empire and the emerging power. The post concluded with the following thought:

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Agents of Empire

The corporate revolution will collapse if we refuse to buy what they are selling – their ideas, their version of history, their wars, their weapons, their notion of inevitability.

- Arundhati Roy

Last week, Hillary Clinton called Tulsi Gabbard (and Jill Stein) Russian assets on a podcast. More specifically:

“I’m not making any predictions, but I think they’ve got their eye on someone who’s currently in the Democratic primary and are grooming her to be the third-party candidate. She’s the favorite of the Russians,” said Clinton, apparently referring to Rep. Gabbard, who’s been accused of receiving support from Russian bots and the Russian news media. “They have a bunch of sites and bots and other ways of supporting her so far.” She added: “That’s assuming Jill Stein will give it up, which she might not because she’s also a Russian asset. Yeah, she’s a Russian asset—I mean, totally. They know they can’t win without a third-party candidate. So I don’t know who it’s going to be, but I will guarantee you they will have a vigorous third-party challenge in the key states that they most needed.”

Tulsi subsequently responded to this slanderous accusation with a series of devastating blows.

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A Road to Hell Paved with Bad Intentions

When someone shows you who they are, believe them the first time.
- Maya Angelou

If nothing else, one silver lining to Donald Trump's election is the exposure of establishment types, whether Democratic or Republican, for what they really are. We now recognize that there's very little daylight between a neocon and a neoliberal, and that the back and forth fighting over power between these two camps -- which defined American politics for decades -- was nothing more than a manipulative pro-wrestling circus.

Trump's election has forced many establishment Democrats out of the closet as the intelligence agency, surveillance state, empire-worshipping, centralized power bootlickers they always were. Since neocons were historically more in your face shameless about their support for endless war, oligarch-coddling, and authoritarianism, establishment Democrats could pretend to represent an ethical opposition to such things. Alas, it was all an act and if the Obama administration didn't already prove that to you, the embarrassingly clownish neoliberal "resistance" movement should.

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The Tech Giants Are a Conduit for Fascism

A second former Amazon employee would spark more controversy. Deap Ubhi, a former AWS employee who worked for Lynch, was tasked with gathering marketing information to make the case for a single cloud inside the DOD. Around the same time that he started working on JEDI, Ubhi began talking with AWS about rejoining the company. As his work on JEDI deepened, so did his job negotiations. Six days after he received a formal offer from Amazon, Ubhi recused himself from JEDI, fabricating a story that Amazon had expressed an interest in buying a startup company he owned. A contracting officer who investigated found enough evidence that Ubhi’s conduct violated conflict of interest rules to refer the matter to the inspector general, but concluded that his conduct did not corrupt the process. (Ubhi, who now works in AWS’ commercial division, declined comment through a company spokesperson.)

Ubhi worsened the impression by making ill-advised public statements while still employed by the DOD. In a tweet, he described himself as “once an Amazonian, always an Amazonian.”

- From the must read ProPublica expose: How Amazon and Silicon Valley Seduced the Pentagon

That U.S. tech giants are willing participants in facilitating mass government surveillance has been widely known for a while, particularly since whistleblower Edward Snowden risked his life and liberty to tell us about it six years ago. We also know what happens to executives who don't play ball.

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Let’s Talk About Saudi Arabia

All wars require casus belli, ostensible justifications. After all, despite humanity’s long history of vicious warfare, interstate combat often requires a government distant from its working class to motivate its people to kill and die for distant institutions and esoteric ideologies. That said, Washington doesn’t exactly have a strong track record of honesty regarding its rationales for war. Few Americans know or care much for their own history...

- Maj. Danny Sjursen, USA (ret.)

One of the most horrible features of war is that all the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting…It is the same in all wars; the soldiers do the fighting, the journalists do the shouting.

- George Orwell, Homage to Catalonia

It's fall 2019, and nearly twenty years into a series of disastrous and murderous forever wars sold to the public as a necessary response to 9/11, we're being instructed to prepare for another one. Replace the Q with an N at the end of IRA and you know what I'm talking about. Of course, this shouldn't surprise anyone considering much of the U.S. foreign policy establishment has been actively scheming for some invented justification to take out Iran (and many others) for decades.

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Incentives Rule the World

Ryan Murphy, an economist at Southern Methodist University, recently published a working paper in which he ranked each of the states by the predominance of—there’s no nice way to put it—psychopaths. The winner? Washington in a walk. In fact, the capital scored higher on Murphy’s scale than the next two runners-up combined.

“I had previously written on politicians and psychopathy, but I had no expectation D.C. would stand out as much as it does,” Murphy wrote in an email...

On a national level, it raises the troubling question as to what it means to live in a country whose institutions are set up to reward some very dubious human traits. Like it or not, we’re more likely than not to wind up with some alarming personalities in positions of power.

- From last year's Politico article, Washington, D.C.: the Psychopath Capital of America

One of the most frustrating aspects of modern American politics -- and the culture in general -- is our all encompassing fixation on the superficial. It's also one of the main reasons I have very little interest in presidential politics, which basically consists of a bunch of billionaire friendly puppets auditioning to become the next public face of imperial oligarchy. Though I understand the desire for quick fixes, our focus on highlighting and mitigating only the symptoms of societal decay as opposed to the root causes, ensures we'll never achieve the sort of positive paradigm-level shift necessary to bring humankind forward.

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Humans Are Creating Their Own Narratives

Somewhere between the arrest of Jeffrey Epstein and his extremely suspicious death in a Department of Justice operated prison, the public learned that an FBI intelligence bulletin published by the bureau’s Phoenix field office mentioned for the first time that conspiracy theories pose a domestic terrorism threat. This was followed up last week by a Bloomberg article discussing a new project by the U.S. military (DARPA) to identify fake news and disinformation.

We learned:

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Insiders Don’t Criticize Other Insiders

Since leaving office President Obama has drawn widespread criticism for accepting a $400,000 speaking fee from the Wall Street investment firm Cantor Fitzgerald, including from Senators Bernie Sanders and Elizabeth Warren. Only a few months out of office, the move has been viewed as emblematic of the cozy relationship between the financial sector and political elites.

But as the President’s critics have voiced outrage over the decision many have been reluctant to criticize the record-setting $65 million book deal that Barack and Michelle Obama landed jointly this February with Penguin Random House (PRH)...

While the Obamas’ deal is unique for the amount of money involved, outsized book contracts between politicians and industries they’ve benefitted has precedent. In a recent report issued by the Roosevelt Institute, the study’s authors, Thomas Ferguson, Paul Jorgensen, and Jie Chen, argue that the mainstream approach to money in politics fails to recognize major sources of political spending. Among the least appreciated avenues for political money, they argue, are payments to political figures in the form of director’s fees, speaking fees, and book contracts.

From the 2017 Naked Capitalism piece: The “Market Forces” Behind the Obamas’ Record-Setting Book Deal

Back in 2009, when the Obama administration was busy ensuring the nation's financiers would become larger, more powerful and never serve a day in jail despite their historic crime spree, Larry Summers had dinner with Elizabeth Warren. During the course of that meal, he instructed her about how power really functions in the U.S.:

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Take a Deep Breath

Today's post revolves around a subject I've been thinking about since early 2017, when I noticed much of the population separating into pro-Trump or anti-Trump factions that were becoming increasingly tribal, vitriolic and hostile. I wrote about it in the piece, Lost in the Political Wilderness, and things haven't improved much since. Fortunately, around the same time I came across the theory of Spiral Dynamics which provided me with a useful framework through which to understand consciousness and the importance of guarding your mind and emotional state in a world that encourages fear, tribalism and anger.

Though we live in a time where more diverse information is available at our fingertips than at any other period in human history, we're still presented with news and narratives via specific channels; whether that be an alternative media figure, a mass media outlet or a tech giant algorithm. The news and commentary that somehow gets in front of us on a daily basis shapes our view of the world just as it always has, and this in turn triggers certain emotions - joy, sadness, anger, fear, inspiration, etc. There's space for all that in a human life, but the ones I'm most interested in for the purposes of this piece are fear and anger.

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Alex Acosta Reportedly Claimed Jeffrey Epstein ‘Belonged to Intelligence’

To appreciate the significance of what I'm about to share, you really need to go back and read yesterday's post: The Jeffrey Epstein Rabbit Hole Goes a Lot Deeper Than You Think.

In that piece, I shared many lesser known, but extremely bizarre facts about Jeffrey Epstein and the people around him. I also noted that it appeared his real job was to run a blackmail operation to ensnare some of the most wealthy and powerful people on earth. I alluded to the possibility that he was collecting this priceless information on behalf of a third party, and then just today we learn the following via the Daily Beast:

“Is the Epstein case going to cause a problem [for confirmation hearings]?” Acosta had been asked. Acosta had explained, breezily, apparently, that back in the day he’d had just one meeting on the Epstein case. He’d cut the non-prosecution deal with one of Epstein’s attorneys because he had “been told” to back off, that Epstein was above his pay grade. “I was told Epstein ‘belonged to intelligence’ and to leave it alone,” he told his interviewers in the Trump transition, who evidently thought that was a sufficient answer and went ahead and hired Acosta. (The Labor Department had no comment when asked about this.)...

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The Jeffrey Epstein Rabbit Hole Goes a Lot Deeper Than You Think

Like many of you, I've been following the Jeffrey Epstein story with horror, disgust and open eyes for several years. While it's always been a creepy, twisted and completely bizarre saga, I was unaware of just how inexplicable and strange it is until I did some more digging earlier today.

I put a bunch of information together in a Twitter thread, and rather than reinvent the wheel, here it is:

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Direct Democracy Is the Future of Human Governance – Part 2

War is not a foregone conclusion or a national necessity. Each successive occupant of the White House only needs you to believe that in order to centralize the power of an increasingly imperial presidency, stifle dissent, and chip away at what remains of civil liberties.

- Danny Sjursen, retired US Army officer, The Pence Prophecy: VP Predicts Perpetual War at the West Point Graduation

Whenever I mention direct democracy, a certain segment of the population always comes back with a very negative knee-jerk reaction. Since this response tends to center around several concerns, today's post will dig into them and explain how such pitfalls can be structurally addressed.

Minority Protection

The first thing that worries people is a fear there will be no protections for minority populations within such a system. Take the U.S. for example, where approximately 80% of the population lives in urban areas and only 20% in rural. If we moved to a system where direct popular vote played a meaningful role in deciding the majority of issues, rural populations would lose out every single time. It would end up being an oppressive system for people who live in less populated areas and would tear up the U.S. even faster than is happening now.

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Direct Democracy Is the Future of Human Governance – Part 1

Power tends to corrupt and absolute power corrupts absolutely. Great men are almost always bad men, even when they exercise influence and not authority: still more when you superadd the tendency or the certainty of corruption by authority. There is no worse heresy than that the office sanctifies the holder of it. That is the point at which the negation of Catholicism and the negation of Liberalism meet and keep high festival, and the end learns to justify the means.

- Lord Acton

You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.

- Buckminster Fuller

If you've read anything I've written over the past several years, you'll be acutely aware of my belief that human civilization is currently in a major transition period between two great paradigms of world history. The old world we all grew up in no longer works for most people, yet is being relentlessly propped up by the powerful and their minions who benefit from its parasitic and destructive nature. Despite their best efforts, a system so poisonous, decrepit and corrupt cannot and will not last. At this stage, it's little more than a Potemkin village fraud barely kept standing courtesy of increasingly intense deception, manipulation and the sheer will of those who profit handsomely from it.

By stating we're in the transition period, I want to make it clear I believe things are very much already being disrupted and altered beneath the hood of a world which appears indistinguishable from what it was a decade ago on a superficial level. Specifically, I think there are two core aspects of human existence that will be completely transformed in the years to come. First, within the monetary and financial systems that define how commerce, savings and entrepreneurship function. The emergence and continued momentum of Bitcoin offers evidence that disruption in this realm is already very much underway, albeit still in its infancy. The second realm I expect will experience massive transformational change relates to forms of human governance. We've barely scratched the surface on this one, but nascent signs have started to appear, and I suspect a push towards political systems more defined by direct democracy will become increasingly common in the years ahead. I've spent many hours writing about the financial and monetary system, so today's piece will focus on what appears to be coming with regard to human political evolution.

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