Source – charleshughsmith.blogspot.com “…Many of these causes are part of a single dynamic, the decapitalization of the middle class and the decay of the ladder of social mobility which enabled tens of millions of workers to transform their wages into productive capital via saving and investment in their own human capital, their own enterprises and assets that earn income”…
Source – paulcraigroberts.org “…Hudson, who has been on the job of analyzing America’s eroding economy for a long time, emphasizes that the US economy is no longer a productive or industrial economy but a financialized economy in which bank lending is not used for new plant and equipment but for the financing of takeovers of…
Source – sovereignman.com “…History shows that bad things tend to happen when politicians and bureaucrats try to engineer prosperity by debasing the currency. Yet these people continue to print and spend money like drunken sailors… which is frankly an insult to drunken sailors everywhere. Even drunken sailors eventually realize when they’ve run out of money”…
Source – charleshughsmith.blogspot.com “…In other words, what separates the working class from the middle class is the middle class is able to transform their labor into capital while the labor of the working class only funds consumption. The working class is defined not by credentials, type of labor or credentials but by limited access to the means to…
Source – aier.org “…The real test for MMT is not the fervor with which policymakers around the world have taken MMT-like actions in the midst of a stop-all pandemic economy, but in a “normal” economy. If we make lots of resources idle (4), which governments did when they engineered a recession last year, MMT collapses…
Source – sovereignman.com “…At a time when Medieval Europe was choking on the feudal system, Venice was one of the few places where even peasants could strike it rich. The Venetian government established limited partnerships, enshrined the rule of law, and eventually established the Venetian Gold ducat– As a result of such policies, tiny Venice…
Source – thesaker.is “…To those who say dismissively that the dollar is now backed by “nothing,” I say it is backed by oil and the threat of the US military. Look at the somber fates of those that tried to ditch the dollar for gold or the Euro: Libya in a state of permanent civil…
Source – corbettreport.com “…With the global technocrats taking the world through the “Going Direct” Reset into the abyss of the End of Currency and the ultimate transhuman slave state, things could not be more dire” The State of Our Currencies With Catherine Austin Fitts With the global technocrats taking the world through the “Going Direct”…
Source – taibbi.substack.com “…They’ve seen first that our markets are basically fake, set up to artificially accelerate the wealth divide…Secondly they see that the stock market, like the ballot box, remains one of the only places where sheer numbers still matter more than capital or connections. And they’re piling on, and it’s delicious, not so…
Source – consortiumnews.com “…Essentially, we became what’s called a rent-seeking economy, not a productive economy…America used to have industrial capitalism in the 19th century. That’s how it got richer originally but now it’s moved away from industrial capitalism towards finance capitalism. And what that means is that essentially the mixed economy that made America rich…in…
Source – oftwominds.com “…Self-enrichment by any means available is what hollows out and fatally weakens systems. The relentless pursuit of infinite greed (“investing” in stock buybacks, legalized looting, etc.) has destroyed the moral foundation of society and the economy: there is no civic virtue or public good left. These empty phrases cannot hide that America…
Source – internationalman.com “…This corporatist relationship has deep roots in the US, going back over one hundred years. To this day, those elite families who took control of oil, steel, banking, motor vehicles and other industries a century ago, soon created a takeover of higher learning (universities), health (Big Pharma) and “Defense” (the military-industrial complex).…
Source – riggedgame.blog “…As a result of that Faustian bargain in 2010, Americans are living now with the same casino banking model as existed in the leadup to the crash of 2008. Making matters worse, Wall Street is escaping blame for the current financial crisis (thus far anyway) as its sycophants in Congress are blaming…
Source – tomdispatch.com “…if in some sense this country looks like a warscape on a pandemic planet, a kind of ongoing hell on earth, then, in truth, there’s also a heaven. Yes, the numbers are truly terrible if you’re looking at the jobless, the homeless, the hungry. But, speaking of heaven, the numbers are spectacular…
Source – stephenlendman.org “…During two Obama/Biden regime terms, force-fed austerity was official policy, what’s likely to continue in some form ahead with no end of it in prospect by either right wing of the one-party state. Economist John Williams explained that US economic collapse keeps “hardening…” while Fed money creation expanded year-over-year by “a record…
Source – anonhq.com – “…There are many contributing factors that have led to our current economic system and continued acceptance of the 40-hour workweek, three major factors being consumerism, inflation, and debt“: (The True Reason Behind The 40-Hour Work Week & Why We Are Economic Slaves) Economic slavery, or wage slavery, refers to one’s total…
Source – gizadeathstar.com – “…the US Rothschild Controlled Media has apparently completely blacked out any news involving Iceland’s debt forgiveness. Attempting to search Iceland’s mortgage debt forgiveness only leads to about 359,000 search results with none of them being from the United States. Neither major or minor news outlets mention a single word about Iceland’s…
Source – ronpaulinstitute.org “…The ‘crack-up’ occurs when enough people realize that continuous expanding of the money supply, and the accompanying decline in a currency’s purchasing power, is a feature of central banking. Therefore, they spend their money as soon as they get it, accelerating the rise of hyperinflation” Ron Paul: The Great Crackup Is Coming…
Source – journal-neo.org “…The same people who created the post-1945 model of IMF-led globalization and giga-corporate entities more powerful than governments, destroying traditional agriculture in favor of toxic agribusiness, dismantling living standards in industrialized countries to flee to cheap labor countries like Mexico or China, will now lead the effort to correct all their abuses?…
Source – thesaker.is “…Michael Hudson explains the thinking of the Pentagon and paying ‘protection money’ historically to fund oligarchies. It is a ‘war between systems’, Hudson explains with the thinking being: “If only China did not export to us, we could reindustrialize.”…“It’s over”: says Hudson, because “we’ve painted ourselves into such a debt corner. So…
Source – dailyreckoning.com “…The second lesson I learned was that future wars will be fought in cyberspace using digital technology applied to payments systems such as SWIFT, FedWire, MasterCard, Visa and Europe’s Target2 system. The answer to both threats – collateral damage and digital warfare – is to have some hard assets in physical form that cannot…
Source – zerohedge.com “…On top of it all, the government – who the average Joe trusts to do right by them – is telling them inflation has basically been a myth. Again, the Chapwood Index paints a different story, showing cost of living rising about 10% in major U.S. cities, annually” “It’s A Constant Struggle”: Cost…
Source – oftwominds.com “…Allow me to translate: wars launch 20-year booms of rebuilding, pandemics launch 20 years of deflation. Oops! Not only do wars destroy physical assets that must be rebuilt, they also tend to kill off a consequential percentage of the labor force, generating a labor shortage that pushes up wages” Can 20 Years of…
Source – economicprism.com “…Klaus Schwab, a madman, and founder of the World Economic Forum (WEF) is a man of social science based totalitarian rule. Individuals that think for themselves and pay their own way in life are not part of his master plan. He prefers a docile public, subsisting one notch above poverty, that’s fully…
Source – paulhellyerweb.com “…Thanks to Milton Friedman’s irrational flip-flop from being a proponent of 100% cash reserves to the opposite extreme of zero reserves, and the adoption of his ideas by the major central banks of the world in 1974, multiples have increased dramatically – in some cases to as much as 20 to 1…
Source – canadianpatriot.org “…According to the United Nations, about 2 billion people live in countries where basic access to water is a serious problem. In the next few years, up to two-thirds of the planet could experience water shortages…The new futures market also creates the possibility that water will be the subject of cut-throat speculation…
Source – sovereignman.com “…Everyone was frozen in disbelief, including my parents. By 1990, before the crisis, my parents had saved 50,000 rubles. At the time, that would have been enough to buy a house and a car. After a few years of crisis, my parents still had the same 50,000 rubles. But by then, all…
Source – goldswitzerland.com “…This particular ship is already loaded with $80 trillion total US debt of which the government has issued $27 trillion and the Fed printed $7 trillion. Add to that derivatives and unfunded liabilities of at least $1/2 quadrillion. So say a total of $600 trillion in US debt including liabilities that will…
Source – zerohedge.com ” …CPI inflation has remained tame leaving many participants persuaded that we’d somehow transcended inflation…This will turn out to be wrong…I wrote about about the inflationary collapse of the Soviet Union, where inflation took off sharply almost overnight….Warren Buffett warned that for a debtor nation, inflation was the economic equivalent of the hydrogen bomb” The coming…
Source – journal-neo.org “…Officially the Soviet Union was an ally of the western powers, US, UK, and France, in reality the communist USSR was an arch-enemy of the west, especially the United States. With the Marshall Plan money, the US bought Europe’s alliance, a dependence that has not ended to this day The Secret Agenda…
