Connexion
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.
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.
“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.
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.
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.)...
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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