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.
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…