Liberty Blitzkrieg: Three Major Imbalances – Financial, Trust, Geopolitical

Somewhat related to yesterday’s article from Chris Hedges which touched on how no one in America trusts anyone in the D.C. establish at all any longer is this article from Michael Krieger of Liberty Blitzkrieg. In Three Major Imbalances, Mr. Krieger discusses the teetering financial system, the lack of trust in institutions, and rising tenstions between the U.S.A. and China, Russia, and elsewhere.

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.

It’s ten years later and central banks still can’t walk back anything they did over the past decade…

While massive and global, the financial system imbalance is just one of several. Another big one is a trust imbalance, which manifests as a widening disconnect between established institutions and the people living under them. As the ruling class has been forced to resort to increasingly desperate measures over the past decade to keep their gravy train going, they’ve exposed themselves more explicitly. What was once derided as conspiracy theory rapidly becomes conspiracy fact, and an increasingly significant number of humans have begun to simply assume (for good reason) that whatever comes out of the mouths of authority figures like intelligence agencies, politicians, mass media, corporations and think tanks, etc., are lies.

This situation isn’t getting any better either. It seems every day we wake up to new in your face revelations of how craven and dishonest the ruling oligarchy and its institutions really are. For example, this past weekend we learned how a Newsweek journalist quit because his bosses at the paper refused to let him publish about OPCW whistleblowers who dispute the official conclusion that Assad launched a chemical attack in Douma, an event that increasingly looks like a false flag event which led to the U.S. bombing Syria…

The trust imbalance between rulers and the ruled has become so massive it’s all but guaranteed to detonate in a variety of unexpected and consequential ways in the years ahead. The election of Donald Trump was just the first pubic manifestation of this well deserved lack of trust…

The other major imbalance I want to highlight is the geopolitical one. It’s something I’ve been writing about a lot lately as it’s come into clearer focus that the nexus of this tension will center around the U.S. and China. At the root of this imbalance is a U.S. national security state desperate to turn back to clock to the 1990s when the U.S. was the world’s sole superpower and could essentially call the shots on all matters of international significance with little to no pushback. Certain foreign power centers, led by China and Russia, have made it explicit they will not be rewinding the clock and are have focused their foreign policy around ushering in a multi-polar world. Like the other imbalances, the geopolitical imbalance becomes more volatile and less manageable with each passing day…

Everything being done today centers around propping up and extending a decrepit paradigm in order to further enrich and empower a ruling class that has lost the respect of the people. As the actions taken to sustain such a system become more desperate and mendacious (“this is NOT QE”), the more the veneer of credibility disappears. The more the veneer of credibility disappears, the more unstable these major imbalances become. Generational change is on the horizon, keep your eyes wide open.

Click here to read the entire article at Liberty Blitzkrieg.

Related:

Kunstler: Two for One Holiday Special

Hillary Clinton sure got her money’s worth with the Fusion GPS deal: it induced a three-year psychotic break in the body politic, destroyed the legitimacy of federal law enforcement, turned a once-proud, free, and rational press into an infernal engine of bad faith, and is finally leading her Democratic Party to an ignominious suicide. And the damage is far from complete…

Truthdig: The Great American Shakedown

Chris Hedges is a Pulitzer Prize-winning journalist and liberal/progressive writer. He has been a vocal critic of what he sees as failures of the liberal class (as well as criticizing conservatives). In this article at Truthdig, Mr. Hedges empties both barrels at the Democrat Party (and their impeachment failure) and the Republican parties for their thorough corruption. Hedges’ writing is enjoyable and incisive even if I don’t always agree with the conclusions that he draws. He tends to apply his beliefs consistently, which is considerably better than most on the Left or Right.

The Democratic Party and its liberal supporters are perplexed. They presented hours of evidence of an impeachable offense, although they studiously avoided charging Donald Trump with impeachable offenses also carried out by Democratic presidents, including the continuation or expansion of presidential wars not declared by Congress, exercising line-item veto power, playing prosecutor, judge, jury and executioner to kill individuals, including U.S. citizens, anywhere on the planet, violating due process and misusing executive orders. Because civics is no longer taught in most American schools, they devoted a day to constitutional scholars who provided the Civics 101 case for impeachment. The liberal press, cheerleading the impeachment process, saturated the media landscape with live coverage, interminable analysis, constant character assassination of Trump and giddy speculation. And yet, it has made no difference. Public opinion remains largely unaffected.

Perhaps, supporters of impeachment argue, they failed to adopt the right technique…

The liberal class and the Democratic Party leadership have failed, even after their defeat in the 2016 presidential election, to understand that they, along with the traditional Republican elites, have squandered their credibility. No one believes them. And no one should.

They squandered their credibility by promising that the North American Free Trade Agreement (NAFTA) would, as claimed by President Bill Clinton, create 200,000 new, well-paying jobs per year; instead, several million jobs were lost. They squandered it by allowing corporations to move production overseas and hire foreign workers at daily wages that did not equal what a U.S. unionized worker made in an hour, a situation that obliterated the bargaining power of the American working class. They squandered it by allowing corporations to use the threat of “offshoring” production to destroy unions, suppress wages, extract draconian concessions and push millions of workers into the temp and gig economies, where there are no benefits or job security and pay is 60% or less of what a full-time employee in the regular economy receives. They squandered it by forcing working men and women to take two or three jobs to support a family, jacking up household debt to $13.95 trillion. They squandered it by redirecting wealth upward, so that during the Clinton administration alone 45 percent of all income growth went to the wealthiest 1%…

The problem is not messaging. The problem is the messenger. The mortal wounds inflicted on our democratic institutions are bipartisan. The traditional Republican elites are as hated as the Democratic elites. Trump is vile, imbecilic, corrupt and incompetent. But for a largely white working class cast aside by austerity and neoliberalism, he at least taunts the elites who destroyed their communities and their lives…

There is zero chance Trump will be removed from office in a trial in the Senate. The Democratic Party elites have admitted as much. They carried out, they argue, their civic and constitutional duty. But here again they lie. They picked out what was convenient to impeach Trump and left untouched the rotten system they helped create. The divisions among Americans will only widen. The hatreds will only grow. And tyranny will wrap its deadly tentacles around our throats.

Click here to read the entire article at Truthdig.

Liberty Blitzkrieg: The Illiberal World Order

Michael Krieger of Liberty Blitzkrieg has some good words to share about our current political state of affairs, including how Trump’s election is a symptom of decades of corrupt D.C. practices rather than the beginning of some new era of debauchery and how the biggest problem is all of the people who do not recognize this.

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.

They want to forget about the bipartisan coverup of Saudi Arabia’s involvement in 9/11, all the wars based on lies, and the indisputable imperial crimes disclosed by Wikileaks, Snowden and others. They want to pretend Wall Street crooks weren’t bailed out and made even more powerful by the Bush/Obama tag team, despite ostensible ideological differences between the two. They want to forget Epstein Didn’t Kill Himself.

Lying to yourself about history is one of the most dangerous things you can do. If you can’t accept where we’ve been, and that Trump’s election is a symptom of decades of rot as opposed to year zero of a dangerous new world, you’ll never come to any useful conclusions. As such, the most meaningful fracture in American society today is between those who’ve accepted that we’ve been lied to for a very long time, and those who think everything was perfectly fine before Trump. There’s no real room for a productive discussion between such groups because one of them just wants to get rid of orange man, while the other is focused on what’s to come. One side actually believes a liberal world order existed in the recent past, while the other fundamentally recognizes this was mostly propaganda based on myth.

Irrespective of what you think of Bernie Sanders and his policies, you can at least appreciate the fact his supporters focus on policy and real issues. In contrast, resistance liberals just desperately scramble to put up whoever they think can take us back to a make-believe world of the recent past. This distinction is actually everything. It’s the difference between people who’ve at least rejected the status quo and those who want to rewind history and perform a do-over of the past forty years.

A meaningful understanding that unites populists across the ideological spectrum is the basic acceptance that the status quo is pernicious and unsalvageable, while the status quo-promoting opposition focuses on Trump the man while conveniently ignoring the worst of his policies because they’re essentially just a continuation of Clinton/Bush/Obama. It’s the most shortsighted and destructive response to Trump imaginable. It’s also why the Trump-era alliance of corporate, imperialist Democrats and rightwing Bush-era neoconservatives makes perfect sense, as twisted and deranged as it might seem at first. With some minor distinctions, these people share nostalgia for the same thing.

This sort of political environment is extremely unhealthy because it places an intentional and enormous pressure on everyone to choose between dedicating every fiber of your being to removing Trump at all costs or supporting him. This anti-intellectualism promotes an ends justifies the means attitude on all sides. In other words, it turns more and more people into rhinoceroses…

Click here to read the entire article at Liberty Blitzkrieg.

 

Zero Hedge: Ukraine Indictment Claims $7.4 Billion Obama/Democrat-Linked Laundering

This article comes from Zero Hedge, relating an indictment by Ukraine’s Prosecutor General against Burisma Holders, where Hunter Biden held a highly-compensated sinecure. Emphasis below is from the original article.

An indictment drawn up by Ukraine’s Office of the Prosecutor General against Burisma owner Nikolai Zlochevsky claims that Hunter Biden and his partners received $16.5 million for their ‘services’ – according to Ukrainian MP Alexander Dubinsky of the ruling Servant of the People Party.

Dubinsky made the claim in a Wednesday press conference, citing materials from an investigation into Zlochevsky and Burisma.

“Zlochevsky was charged with this new accusation by the Office of the Prosecutor General but the press ignored it,” said the MP. “It was issued on November 14.”

The son of Vice-President Joe Biden was receiving payment for his services, with money raised through criminal means and money laundering,” he then said, adding “Biden received money that did not come from the company’s successful operation but rather from money stolen from citizens.”

…According to Interfax-Ukraine, MP Andriy Derkach announced at the same press conference that deputies have received new materials from investigative journalists alleging that the ‘family’ of ex-President Yanukovych funneled $7.4 billion through American investment firm Franklin Templeton Investments, which they claim have connections to the US Democratic party”…

The son of Templeton’s founder, John Templeton Jr., was one of President Obama’s major campaign donors. Another fund-related character is Thomas Donilon. Managing Director of BlackRock Investment Institute, shareholder Franklin Templeton Investments, which has the largest share in the fund. It is noteworthy that he previously was Obama’s national security advisor,” Derkach added…

Click here to read the entire article at Zero Hedge.

We the Governed: In this City Council Race – Every Politician Is Breaking the Law

From Glen Morgan at We the Governed, In this city council race – every politician is breaking the law.

In the City of Port Angeles, the politicians expect the little people to follow the law, while they apparently don’t believe the laws apply to them.

 

Port Angeles, Washington State

In many cities and counties across Washington State, primary elections are in process as voters complete and mail in their ballots.  In the City of Port Angeles there are two contested primary races for city councilHowever, in one of the council races, every politician running for office is breaking Washington State’s fair campaign practices act (RCW 42.17A).  Some are not even trying to comply with the law.  When every politician breaks the law, how can a voter decide which one is best to represent them? 

Washington State’s all-mail in ballots were sent to every registered voter (in a jurisdiction with a contested race on the primary ballot) last week.  The ballots are already trickling back into the 39 different county auditor’s ballot boxes around the state with the first scheduled announcement of election results 8pm on election night, Tuesday, August 6, 2019.  Washington State law allows ballots which are postmarked before 6pm that day to count towards the final election results (as opposed to having the ballots in-hand by that date and time), so the final election results are not known in many close races often for several weeks as the later ballots trickle in from throughout the state, and sometimes local auditor offices (typically King County, but they are not alone) suddenly find “missing” ballots in car trunks and back rooms.

In the Northwest corner of Washington State, in Clallam County– the City of Port Angeles has two primary races for city council seats.  A total of four seats are up for election in 2019 (out of a council of seven including the mayor).  Of these, two races have more than two people who have filed to run, which is why Council position no.7 and position no. 5 are on the Primary election ballot.

These candidates need to file with their local county auditor in order to legally run for office, but they are also required by Washington State Law (RCW 42.17A) to register with the Public Disclosure Commission in order to ensure that their campaign contributions, expenditures, and other information about the candidates are open, transparent, and available to review for all voters, media, and interested citizens.  Unfortunately for the voters in the City of Port Angeles, most of the politicians are running “stealth” campaigns, ignoring the law, and generally blundering through the process under the belief there are no consequences for violating the law...

 

Click here to read the entire article at We the Governed