CONTROLLED DEMOLITION: ‘Limousine Liberal’, How Liberals Left the White Working Class Behind

Source – yesmagazine.org – “…In ‘The Limousine Liberal’, historian Steve Fraser traces the rise of right-wing populism to the Nixon presidency when blue-collar Whites realized that “their social contract with New Deal liberalism was expiring.” Structural unemployment and wage stagnation were taking their toll, but the Democrats offered no solutions. Nixon offered no help to…

EUGENICS: ‘SNAP’, Western Capitalism & “Useless Eaters” – By Caleb Maupin

Source – journal-neo.org – “…Western capitalism has entered a stage where it views the population not as an asset, but as a burden. Instead of seeing each citizen as capable of creating a contribution to society, and making the country better, the population is viewed as a problematic horde that must be carefully managed and…

CONTROLLED DEMOLITION: ‘Elites Don’t Give A F**k’, Bannon Explains Why Boris Won & Blacks Dig Trump

Source – zerohedge.com – “…This is what drives me nuts about the left. All immigration is to flood the zone with cheap labour, and the reason is because the elites don’t give a fuck about African Americans and the Hispanic working class. They don’t care about the white working class either. You’re just a commodity”…

CONTROLLED DEMOLITION: The Hollowing Out Of America – By Charles Hugh Smith

Source – charleshughsmith.blogspot.com – “…America is being hollowed out as local enterprises that reinvested profits back into their own communities have been wiped out by monopolies and cartels drawing upon unlimited credit lines of cheap money supplied by the Federal Reserve and other central banks, a system that guarantees the top few will collect whatever…

VOODOO ECONOMICS: ‘Made In The USA…By Robots’, China Opens ‘Sew-bot’ Factory In Arkansas, Producing Shirts For 33 cents (Flashback)

Source – mishtalk.com – “…The goal is to produce 23 million t-shirts at 33 cents each, about one shirt every 26 seconds….It’s rather difficult to compete against 33 cents when shipping and transportation costs are rolled in” SM: ..A little twist on ‘Make America Great Again’… Made In The USA (By Robots): China Opens ‘Sewbot’…

CONTROLLED DEMOLITION: ‘Federal Reserve’, Enemy of Liberty & Prosperity – By Ron Paul

Source – ronpaulinstitute.org – “…Since the creation of the Federal Reserve, the US dollar has lost over 96 percent of its value. The Federal Reserve-caused decline in purchasing power is a stealth tax. This inflation tax does not affect the financial elites—who receive new money created by the Federal Reserve before the Fed’s actions have…

CONTROLLED DEMOLITION: ‘Till Debt Do Us Part’, Rise of the American ‘Muddle Class’

Source – oftwominds.com – “…The “muddle class” which muddles through on earned income, much of which goes to debt service (student loans, auto loans, mortgages, credit cards) and skyrocketing big-ticket expenses: rent, healthcare, childcare, etc. Unable to save enough to move the needle on household capital, any net worth is dependent on speculative asset bubbles…

DAS KAPITAL: ‘Blowback’, Burn, Neoliberalism, Burn – By Pepe Escobar

Source – strategic-culture.org – “…What still remains absolutely off limits for the guardians of the current world-system is to really investigate hardcore neoliberalism as the root cause of wealth hyper-concentration and social inequality. It’s not enough to offer Band-Aids anymore. The streets of South America are alight. Blowback is now in full effect” Burn, Neoliberalism,…

CONTROLLED DEMOLITION: ‘Dramatic Change Ahead’, AI, Robots Coming To Take 36 Million Jobs Away From Americans

Source – zerohedge.com – “…The 2020s will be known as the great transformation period where corporate America abandons its workforce for automation. The coming job losses, due to automation, will be on par with the automation revolution of agriculture (the transition of farm workers into the industrial sector) from 1900 to 1940” Report: AI, Robots…

CONTROLLED DEMOLITION: Automation and the Crisis of Work – By Charles Hugh Smith

Source – oftwominds.com – “…Technology, like natural selection, has no goal. Technology doesn’t have a teleological drive to employ humans, save the planet or any other goal we might choose. In the current socio-political-economic system, technology is mostly aimed at maximizing profits. The surest way to reduce costs is to replace costly humans with automated…

CONTROLLED DEMOLITION: One-Third of American Workers Pay Is Being Stolen – Here’s How

Source – unz.com – “…In other words, during the housing market collapse, when wealthy investment bankers were losing a lot of money (and before they got it back during the bailout), workers’ hourly compensation jumped up faster than productivity for the first time in decades – though not by nearly enough to close the gap,…

CONTROLLED DEMOLITION: Here Are The Countries Where Millennials Will Have To Work Until They Die

Source – zerohedge.com – “…Not just on millennials, but Americans in general. For example, we know that 14% of Americans have “negative” wealth. We also know that 62% of Americans don’t have emergency savings that could cover a $1,000 hospital visit or a $500 car repair” Here Are The Countries Where Millennials Will Have To Work Until They…

CONTROLLED DEMOLITION: ‘Smoke & Mirrors’, The Permanent Recession

Source – thegreatrecession.info  – “…Rather than the longest expansion in US history, we’ve been enduring the longest recession in US history ever since the dot-com bust. The above chart shows the GDP growth rate, and the REAL GDP “growth” rate, which has actually been contraction, not growth, for the past two decades if measured by…

CONTROLLED DEMOLITION: Most Americans Can’t Afford to Pay Rent, Eat Food, Buy Stuff, or Get Sick (And It’s Just Going to Get Worse)

Source – theorganicprepper.com – ‘…Stimulus policies do not bring about a solid recovery but manufacture a phony economic growth that distorts the economy’s structure of production. Instead of a V-shaped recovery that would occur if government abstained from intervention, policymakers produce an L-shaped agony. As if a prolonged stagnation wasn’t already bad enough, the interventionists…

CONTROLLED DEMOLITION: How Monetary Policy Leads To Destruction Of The Middle Class And Rise Of Populism – By Alexey Yeremenko

Source – zerohedge.com – “…The very last thing Europe needs is a monetary policy experiment or continuation of an existing policy of financial repression, which lead to an erosion of purchasing power, income inequality, and the rise of populism. It occurred 100 years ago, and people remember how it all ended up. We should do…

CONTROLLED DEMOLITION: ‘America’s Concealed Crisis’, Fifty Years of Economic Decline, 1969 to 2019 – By Charles Hugh Smith

Source – charleshughsmith.blogspot.com – “…The keys to understanding the concealed crisis of decline are purchasing power relative to wages/earnings–how many goods and services can wages buy? For the average American household, wages have risen modestly while the purchasing power of those wages has plummeted” America’s Concealed Crisis: Fifty Years of Economic Decline, 1969 to 2019…

CONTROLLED DEMOLITION: ‘Misplaced Pride’, Most of the “Middle Class” Is Actually Working Class – By Charles Hugh Smith

Source – oftwominds.com – “…If we take off our rose-colored glasses, we have a much more stratified economy and society than we might like to believe…The “middle” has eroded away, leaving the top 15% who are doing very well in the status quo and the bottom 85% who are struggling to maintain a meaningful sense…

CONTROLLED DEMOLITION: ‘Illusions Of Wealth’, The Future Ain’t What It Used to Be – By MN Gordon

Source – economicprism.com – “…What’s the real source of the working stiff’s grave economic discomfort?…today’s great chasm between rich and poor – is the product of central planners. Not the Soviet style central planner that dictated prices with ridiculous five year plans. But, rather, a more covert central planner that draws down the value of…

AMERIKA: How In 40 Years Americans Shifted From A Sustainable Middle Class To A Perpetual Cycle Of Debt Serfdom (Archive)

Source  – mybudget360.com – “…The biggest scam of the century revolves around the massive growth in debt…Americans have been put into a sleepwalking state where they were drunk on debt induced spending while slowly and surely our manufacturing base was removed from the country…Banks and Wall Street have not cut back and have gone the…

VOODOO ECONOMICS: ‘Fixed Fight’, The 1% Playbook – By Paul Buchheit

Source  – commondreams.org – “…One of the themes of the superb writing of Henry Giroux is that more and more Americans are becoming “disposable,” recognized as either commodities or criminals by the more fortunate members of society. There seems to be a method to the madness of winner-take-all capitalism. The following steps, whether due to greed or…

CONTROLLED DEMOLITION: ‘The Economic Doom Loop’, Asset Inflation & Demographic Decline – By Chris Hamilton

Source  – econimica.blogspot.com – “…The reason for fast declining birthrates since 2007 in the US and among most nations globally seems to be the current ZIRP and low interest rates and Quantitative Easing programs which have the effect of inflating asset prices” Economic Doom Loop Well Underway  – By Chris Hamilton From 2007 through 2018,…

BRAVE NEW WORLD: Oxford University Study, 47 percent of all U.S. jobs are under threat to be replaced by automation

Source – pcmag.com, By Evan Dashevsky – Economists of the past century have, for the most part, rejected the notion that technological advancement destroys the need for human labor. Or, if there was to be any effect on the labor force, they’ve claimed it would only be beneficial. Back in the 1930s, for example, the…

CONTROLLED DEMOLITION: ‘2019’, The Three Trends That Matter – By Charles Hugh Smith

Source – oftwominds.com – “…The politically invisible / financially vulnerable have declared we’re still here to their globalized elite aristocrats, and this rebellion against elite domination and profiteering is being demonized by the corporate-state media as populism rather than what it really is: a full-blown revolt of the working class” 2019: The Three Trends That…

CONTROLLED DEMOLITION: Why Wages Have Lost Ground in the 21st Century – By Charles Hugh Smith

Source – oftwominds.com – “…Privilege is immoral, as rising inequality is the only possible output of privilege. Privilege is exploitive, parasitic, predatory and destructive to the society and economy, and generates inequality by its very nature…Stripped to its essence, privilege is nothing but institutionalized racketeering”: Why Wages Have Lost Ground in the 21st Century –…

BRAVE NEW WORLD: ‘Humans Need Not Apply’, Automation, bots, algos, replace human brain power

Source  – wolfstreet.com – “…Even professional jobs such as lawyers are being taken over by bots. Not their rare courtroom appearances, or their roles in negotiations with other humans, but their daily grunt work, which is much of what lawyers do, such as preparing reams of documents. And then there’s discovery: “It’s already no longer…

TRUE NORTH: Canada’s most prominent constitutional lawyer, Rocco Galati “Canada is a quiet dictatorship” (Archive)

Source  – orilliapacket.com Canadian Trial May Soon Hold Bankers Accountable For Their Crimes  – The Canadian and US mainstream media have been silent about this. They’re hoping nobody will notice that people actually are fighting back against the incredible corruption of the international banks – “I’m the bad guy,” I overheard the government lawyer say…

CONTROLLED DEMOLITION: ‘Exposing The Deception’, How The US Economy “Grew” By $140 Billion As Americans Became Poorer

Source – zerohedge.com – This is simply stunning. Regular readers will recall that last month, at the same time as the US Bureau of Economic Analysis reported was a far better than expected 3.9% GDP (since revised to 5.0% on the back of the previously noted Obamacare spending surge), it also released its Personal Spending…

CONTROLLED DEMOLITION: The Collapse of the Great Left Con – By Charles Hugh Smith

Source – charleshughsmith.blogspot.ca – “…The Left is not just in disarray–it is in complete collapse because the working class has awakened to the Left’s betrayal and abandonment of the working class in favor of building personal wealth and power. Anyone who denies this is still in the fatal grip of the Left’s Great Con”: (The Collapse…

CONTROLLED DEMOLITION: Despite Being Better Educated, Millennials Now Earn 20% Less Than Boomers Did At The Same Age

Source – zerohedge.com – “…despite being better educated, millennials now earn 20% less than boomers did at the same stage of life in 1989…  the median college-educated millennial with student debt is only earning slightly more than a baby boomer without a degree did in 1989”: (Why Millennials Are Behind: They Earn 20% Less Than…

CONTROLLED DEMOLITION: The Cultural Contradictions That Have Crippled the Great American Middle Class – By Hugh Charles Smith

Source – charleshughsmith.blogspot.com – “…Daniel Bell’s landmark 1976 book The Cultural Contradictions of Capitalism held that“capitalism–and the culture it creates–harbors the seeds of its own downfall by creating a need among successful people for personal gratification–a need that corrodes the work ethic that led to their success in the first place”: (The Cultural Contradictions That…