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À partir d’avant-hierLiberty Blitzkrieg

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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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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Monetary Looting

The United States has historically bragged about its free and transparent markets. But what the Fed is doing today is pulling a dark curtain around the financing of this so-called free and transparent market. The public has no idea which Wall Street firms have received this $3 trillion or why they can’t borrow it elsewhere. This kind of obfuscation by the Federal Reserve could actually stimulate distrust in the U.S. banking system. The Fed admitted as much in its most recent Federal Open Market Committee (FOMC) minutes, writing that participation in the Fed’s loan program “could become stigmatized.”

- Wall Street on Parade: Is the Fed’s $3 Trillion in Loans to Trading Houses on Wall Street Legal?

The business model of Wall Street is fraud.
- Bernie Sanders

Financial services as currently structured is the most pernicious, predatory and corrupt industry on earth. Moreover, it's the deliberately complex and opaque nature of the industry which then limits public debate when some problem arises and governments and central banks are called upon to take emergency measures to "save the system," which is just a euphemism for enormous sums of corporate welfare being funneled to people and institutions who couldn't survive otherwise.

It is systemic looting on a massive scale and the primary patrons of this ongoing and seemingly endless scheme are central banks. In the U.S. this means the Federal Reserve, which recently came back into the "market" with enormous new interventions in both the repo market and via renewed balance sheet expansion. I've read many of the smart takes on the repo crisis and still don't feel confident I know precisely what's going on. This is intentional.

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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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Algorithmic Feudalism

 Stiegler insists, however, that authentic thinking and calculative thinking are not mutually exclusive; indeed, mathematical rationality is one of our major prosthetic extensions. But the catastrophe of the digital age is that the global economy, powered by computational “reason” and driven by profit, is foreclosing the horizon of independent reflection for the majority of our species, in so far as we remain unaware that our thinking is so often being constricted by lines of code intended to anticipate, and actively shape, consciousness itself. 

- Via TruthDig: Fighting the Unprecedented ‘Proletarianization’ of the Human Mind

As the share price of Google parent company Alphabet soared to new highs in the U.S. equity market last week, several articles were published detailing just how out of control and dangerous this tech behemoth has become.

First, we learned Google is in the process of secretly sucking up the personalized healthcare data of up to 50 million Americans without the permission of patients or doctors. This was followed by a detailed report in the Wall Street Journal outlining how the search giant is meddling with its algorithms far more aggressively than executives lead people to believe. Despite these revelations, or more likely because of them, the stock price jumped to record levels. This is the world we live in.

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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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Our Currency, Your Problem

“Major movers” such as China, Russia and the European Union have a strong “motivation to de-dollarize,” said Korin, co-director at the energy and security think tank, on Wednesday.

“We don’t know what’s going to come next, but what we do know is that the current situation is unsustainable."

-  Anne Korin, Institute for the Analysis of Global Security.

Irrespective of where you reside in the world, chances are you feel some sense of unease, a nagging concern for the future and a deep instinctual understanding that an era you knew and navigated your entire life is slipping away and won't be coming back.

We've been witnessing widespread protest and unrest across countries with distinct political and economic systems, such as Hong Kong, France, Chile, Spain, Ecuador, Lebanon and Venezuela just to name a few. Those with vested interests and an ideological solution to sell insist it's all because of socialism, capitalism or some other ism, but the truth is this goes far deeper than that. What's actually happening is the geopolitical and economic paradigm that's dominated the planet for decades is failing, and rather than address the failure in any real sense, elites globally have decided to loot everything they possibly can until the house of cards comes crashing down.

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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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William Barr Wants to Kill Privacy and Security…’For the Children’

U.S. Attorney General William Barr, along with co-conspirators in the UK and Australia, recently wrote a letter to Mark Zuckerberg requesting he not move forward with a plan to implement end-to-end encryption across Facebook's messaging services. A draft of the letter was published earlier this month by Buzzfeed, and it's worth examining in some detail.

What immediately strikes you is the letter's emphasis on "protecting the children," a talking point universally used by authoritarians throughout history to justify both a reduction of public liberty and a transfer of increased power to the state. Though this tactic is transparent and well understood by those paying attention, it's nevertheless disturbing to observe Barr's disingenuous and shameless use of it (the words 'child' and 'children' appear 17 times in the course of this brief letter).

Here's just one example from the letter:

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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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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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U.S. Stock Market Hits a New Record High, but What’s Really Going On?

As Americans head off to Independence Day celebrations, they'll be greeted with a plethora of headlines about record highs in the U.S. stock market. What I find most interesting about the latest bout of exuberance is the fact that priced in gold, stocks remain far below last fall's peak.

From my perspective, a real equity bull market is one where the stock market, in this case the S&P500, consistently hits new highs relative to what's historically been the world's politically-neutral monetary asset, gold; and the U.S. stock market did exactly that from August 2011 until September 2018. Though equities in nominal terms bottomed in March 2009, we didn't really get the all clear in my view until equities started rallying versus gold in late summer 2011.

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The Next Revolution by Murray Bookchin

We cannot content ourselves with simplistically dividing civilization into a workday world of everyday life that is properly social, as I call it, in which we reproduce the conditions of our individual existence at work, in the home, and among our friends, and, of course, the state, which reduces us at best to docile observers of the activities of professionals who administer our civic and national affairs. Between these two worlds is still another world, the realm of the political, where our ancestors in the past, at various times and places historically, exercised varying, sometimes complete control over the commune and the confederation to which it belonged. 

- Murray Bookchin, A Politics for the Twenty-First Century

Today, the concept of citizenship has already undergone serious erosion through the reduction of citizens to "constituents" of statist jurisdictions, or to "taxpayers" who sustain statist institutions.

- Murray Bookchin, Cities

In the spirit of my recent interest in direct democracy and the future of human governance, I finally got around to reading something that's been on my radar for a while. It's a collection of nine essays by the late political philosopher Murray Bookchin published together in a book titled:The Next Revolution - Popular Assemblies and the Promise of Direct Democracy. It did not disappoint.

While there are numerous key points on which Bookchin and I would have disagreed spiritedly, that's not the purpose of this piece. Aside from being a wealth of information and knowledge (he closely studied nearly every major revolution in the Euro-American world), his greatest service here is a framework through which to understand human governance and how and why it's all gone so terribly wrong. Many of his themes cover ideas and realizations I've come to on my own, but the clarity with which he describes certain key concepts helped refine my thinking. The purpose of this post is to outline some of these ideas.

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FacebookCoin is a Trojan Horse of Corporate Oligarchy

ZUCK: yea so if you ever need info about anyone at harvard
ZUCK: just ask
ZUCK: i have over 4000 emails, pictures, addresses, sns
FRIEND: what!? how'd you manage that one?
ZUCK: people just submitted it
ZUCK: i don't know why
ZUCK: they "trust me"
ZUCK: dumb fucks

- Leaked messages sent by Mark Zuckerberg to a friend at Harvard as he was building Facebook

Years ago, Mark Zuckerberg made it clear that he doesn’t think Facebook is a business. “In a lot of ways, Facebook is more like a government than a traditional company,” said Mr. Zuckerberg. “We’re really setting policies.” He has acted consistently as a would-be sovereign power. For example, he is attempting to set up a Supreme Court-style independent tribunal to handle content moderation. And now he is setting up a global currency.

- From Matt Stoller's recent article: Facebook’s Undemocratic Currency

For a long time, I've maintained there's no doubt the current system/paradigm we live under will collapse under its own weight, but that doesn't keep me up at night. What keeps me up at night is understanding we still have no idea exactly what will replace it. It could very well be a more decentralized and free world, a world less defined by brute force, grotesque power concentrations and coercion, but it could also very easily go the other way. The coming out party for FacebookCoin (aka Libra) is in my view the first real indication the forces of corporate oligarchy are determined to ensure the new world reflects their vision and is under their control.

Though I've seen many thoughtful and important articles on the dangers of Facebook and a consortium of large corporations building a new financial system in broad daylight, I have yet to see anyone explain precisely what seems to be going on. I think the level of strategic long-term thinking happening here is more extensive than even the most cynical observer is willing to contemplate. This looks like a power play of monumental proportions.

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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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