Alt-Market: The Economic Crash So Far

Brandon Smith at Alt-Market has penned this article on the current state of the US economy in November 2019.

The Economic Crash So Far: A Look At The Real Numbers

There are many problems when attempting to track a faltering economy. For one, the people in government generally do not want the public to know when the system is in decline because this looks bad for them. They prefer to rig statistical indicators as much as possible and hope that no one notices. When the crash occurs, they then claim that “no one saw it coming” and the disaster “came out of nowhere”, so how could they be to blame?

I have even heard it argued that political leaders, including the president, have a “duty” to lie about the state of the economy because once they admit to the decline they will cause a panic and perpetuate the crisis. This is stupidity. If an economic system is in disrepair and is built on a faulty foundation, then the problems should be identified and fixed immediately. The weak businesses should be culled, not bailed out. The wasteful government spending should be cut, not increased. The downturn should not be hidden and prolonged for years or decades. In most cases, this only makes the inevitable crash far worse and more damaging.

Another factor, which some people might call “conspiracy theory” – but it has been proven time and time again in history – is that the money elites have a tendency to engineer economic disasters while deliberately hiding the real statistics from the public. Why? Well, if the real data was widely disseminated, then a crash would not be much of a surprise and the populace could be prepared for it. I suspect the elites hide the data because they WANT the crash to be a surprise. The bigger the shock, the bigger the psychological effect on the masses. This fear and confusion allows them to make changes in the power structure of a nation or of the entire world that they would not be able to accomplish otherwise.

The most rigged statistics tend to be the least important overall in analysis, but this does not stop the mainstream media and investors from hyper focusing on them. How many times have you told friends and family about the collapse in manufacturing or the explosion in consumer and corporate debt, only to hear them say, “But the stock market is at all-time highs!” Yes, even though stock markets are a meaningless trailing indicator, even though GDP stats are a complete fallacy, and even though jobless numbers do not include tens of millions of people out of work, these are the stats that the average person takes mental note of when consuming their standard 15 minutes of news per day.

While the issue of rigged statistics makes analysis of a crash difficult, a willfully ignorant citizenry makes reporting on the real data almost impossible. It’s sad to say, but a large number of people do not want to hear about negative information. They want to believe that all is well, and will delude themselves with fantasies of blind optimism and endless summers. Like the tale of “The Ant And The Grasshopper”, they are grasshoppers and they see anyone who focuses on the negative as “chicken littles” and “doom mongers”. In their minds they have all the time in the world, until they freeze and starve when winter comes.

When I encounter people who actually believe the manipulated numbers or buy into the stock market farce or simply don’t want to accept that a crash could happen in their lifetime, I always ask them to consider these questions: If the global economy is not on the verge of collapse, then why did central banks keep propping it up for the past ten years? And if central banks have been propping up the system, how much longer do you think they can do this? How much longer do you think they want to do it? What if one day they decide to let the entire house of cards tumble? What if such an event actually benefits them?

We’ve seen that a broken economy can be technically held together for a decade, but under the surface, the structure continues to rot. The bottom line is that even if the elites wanted to keep the system going for another ten years, and even if politicians continued to help them by pumping out false statistics, there is no way to hide the effects of crumbling fundamentals. We saw this during the crash of 2008, and now we’re seeing it again…

All of these factors and more show an economy in recession or depression (depending on what historic standards you use). In the darker corners of the investment world, the great hope is that the central banks will return to pumping trillions into the banking sector ($16 trillion during the TARP bailout dwarfs the $250 billion the Fed has recently pumped out in their repo markets). They hope that this will free up even more credit. Meaning, they believe only more debt will save the system from suffering.

I say, time is up on the debt party. More stimulus will not stall the crash that is already happening, and the Fed does not appear poised to print anywhere near what it did during the credit crisis, at least not in time to change the trend. The can has been kicked for the last time. The grasshopper mentality will not save people from the clear reality. Only preparation and planning will.

Click here to read the entire article at Alt-Market.

Brandon Smith: Fighting Globalism Requires Decentralization

Brandon Smith at Alt-Market.com has written on a piece worth your time titled Fighting Back Against Globalism Requires An Honest Movement To Decentralize. Globalism isn’t the only threat to liberty, but it is a major one, affecting people the world over and not just US citizens.

…Liberty activists have to lead by example, first by educating the public on the concept of the non-aggression principle — the principle that force is not an acceptable method of compelling a group of people to organize in the way you wish. Force is not incentive, it is criminal. Force is only an acceptable reaction when someone else is trying to harm or enslave you and those around you. This concept is paramount to the long-term survival of any society. It should be codified and taught to each new generation.

Next, liberty activists need to organize locally into voluntary groups based on mutual aid. Modern civilization has been directed over many decades to assume that participation in the system is mandatory and that the survival of the system is paramount over the rights or prosperity of the individual. But a system that is hostile to individual liberty does not deserve to exist. It should not be allowed to survive.

People have to walk away and build something else.

Voluntarism is the key to changing decades if not centuries of misallocated human labor and time. Imagine a world in which every person is a “free agent,” and they join groups (or partnerships) based on shared goals or shared beliefs rather than being born into servitude — fuel to keep a global machine that does not care about them running. They join these groups based on their interests, abilities, merit and how they might help a particular project progress. Then they are free to leave the group whenever they wish or when the project is done.

In other words, voluntarism is a kind of return to a tribal system, but one in which some tribes exist temporarily based on what they plan to achieve. The GOAL becomes the focus, instead of the endless perpetuation of a group that has outlived its usefulness. The more legitimate achievements for the betterment of humanity a tribe attains successfully, the longer it would stay relevant.

The incentive to better one’s self would be considerable in a voluntary society, for you are competing against every other individual that is also improving their own skill sets and knowledge for a spot in each project or tribe. Individual excellence would become the core virtue of such a civilization.

Voluntarism is perhaps a lofty vision, but one that can be pursued in steps. One of the first steps is self-sufficiency and production…

Click here to read the entire article.

Brandon Smith: Human Courage for Liberty Activists

From Brandon Smith at Alt-Market comes the article Human Courage And Kindness Stand As Obstacles To The Void, explaining the reasons liberty activists disagree on solutions and how to use courage and kindness to over come the same.

Among liberty activists, there is a rather universal consensus on what ails our nation. We understand that there is a concerted and deliberate effort by the establishment to undermine individual rights and constitutional protections. We understand that there is a coordinated effort by international financiers to destabilize our economy and siphon wealth from the middle class until it shrivels up and dies. We understand that there is an organized plan to radicalize the public along ideological lines and pit them against each other. We understand that geopolitics and regional wars are exploited to distract us from underlying issues. There is not very much debate over these realities; the evidence is overwhelming.

However, there is constant disagreement among activists on solutions to these problems, and there are several reasons why this conflict persists. Let’s examine them…

It is these two characteristics that will help to dissolve the conflicts within liberty activism listed above.  It is these two characteristics that defeat tyrants, and so it will be these two characteristics that tyrants will seek to undermine. It is difficult to conquer a people when they are not afraid of sacrifice and when they are not afraid to organize in the real world. It is difficult to isolate people with selfishness when they are driven by the empathy inherent in kindness. ALL solutions, all practical strategies rely on the existence of these two forces within a movement.

As 2017 comes to a close, it is my hope that every liberty activist prepares for more dangerous days ahead. But above all else, their preparations must flow from a foundation of struggle and self sacrifice, foresight and endurance, community and practicality, courage and kindness. If not, then really, what is the point?

Read the entire article by clicking here.