The Future Will Be Decentralized
by Michael Krieger
Posted October 6, 2017
Decentralization is an idea whose time has come. As I write this, conscious people across the world are creating systems of human empowerment, while powers of centralization desperately fight to preserve control. We aren’t the ones reacting to them, they are reacting to us. That’s not a fight they can easily win– the only question is how much are they willing to destroy in a futile quest to stymie human progress?
Strategically, much of the current battle is about exposing power structures for what they really are by making them reveal their true thuggish natures. We must do this by creating systems that are transparently superior and more ethical than existing systems, which will then force their hands. If governments insist on thwarting human progress merely to retain control, it’ll be clear to all that they don’t work for the people, but rather, for themselves. More…
The Worst Mistake in U.S. History
by Jacob G. Hornberger
Posted October 5, 2017
The worst mistake in U.S. history was the conversion after World War II of the U.S. government from a constitutional, limited-government republic to a national-security state. Nothing has done more to warp and distort the conscience, principles, and values of the American people, including those who serve in the U.S. military.
A good example of how the national-security state has adversely affected the thinking of U.S. soldiers was reflected in an op-ed entitled “What We’re Fighting For” that appeared in the February 10, 2017, issue of the New York Times. Authored by an Iraq War veteran named Phil Klay, the article demonstrates perfectly what the national-security state has done to soldiers and others and why it is so imperative for the American people to restore a constitutional republic to our land. More…
Power and Corruption: The Matrix of the Master and Slave
By Ethan Indigo Smith
Posted October 4, 2017
Despite infinite variation in political thinking and being, there are four types of thinkers in our society; idiots, zealots, elitists and patriots. One can observe there are four types of institutions as well; government, religious, corporate and media institutions, of many shades of variation. And there are the four types of lies those institutions use, to corrupt and control our thinking and being.
Government institutions corrupt culture. Religious institutions corrupt spirituality. Corporate institutions corrupt trade. Media institutions corrupt thinking. Today, such institutional corruption is rampant to the point that it has become unspoken normalcy, and speaking up to it is quietly viewed as disruption; dissent.
The best technique for finding truth amidst corruption is to eliminate preconceptions (as much as possible) and simplify the contemplation of reality (as much as possible). Take a new look with what the Buddhists refer to as the Beginner Mind. This technique approaches all things with the innocent questioning of a child. Another technique I believe is employable is to pretend you are blind. If you could not see images but only could only contemplate the story, your perception of situations can change though simplification. This can be helpful in providing clarity enough to then use other legitimate forms of observation. More…
Financialization and The Destruction of the Real Economy
by Charles Hugh Smith
Posted October 3, 2017
Strip an economy of capital, productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward an inevitable collapse.
The key dynamic is that financialization creates irresistible incentives to ramp up debt and leverage at the expense of the real economy. Those who fail to exploit financialization will underperform the market and be fired.
As Gordon explains, if a CEO refuses to load a company up with debt, a private-equity financier with access to cheap Federal Reserve credit will scoop up the company in a private buyout, fire the management, extract immense profits by loading the company with debt, then take the hollowed-out shell public again, reaping another windfall of financialized gains.
Note that the private-equity financiers have every incentive to lay off employees, especially experienced workers who earn higher salaries, to reduce costs before they take the hollowed-out shell public. More…
Government by Goldman Sachs
by Gary Rivlin and Michael Hudson
Posted October 2, 2017
Gary Cohn Is Giving Goldman Sachs Everything It Ever Wanted From the Trump Administration.
In June, the Treasury Department released a statement of principles about the administration’s approach to financial regulation focused on promoting “liquid and vibrant markets.” Not surprisingly, the report included a call to ease capital requirements and substantially amend the Volcker Rule.
It’s Cohn’s influence over the country’s regulators that worries Dennis Kelleher, the financial reform lobbyist. “To him, what’s good for Wall Street is good for the economy,” Kelleher said of Cohn. “Maybe that makes sense when a guy has spent 26 years at Goldman, a company who has repaid his loyalties and sweat with a net worth in the hundreds of millions.” Kelleher recalls those who lost a home or a chunk of their retirement savings during a financial crisis that Cohn helped precipitate. “They’re still suffering,” he said. “Yet now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild.” More…
Upon The Next Crisis, The Rules Will Suddenly Change
by Charles Hugh Smith
Posted October 1, 2017
We can add a third certainty to the two standard ones (death and taxes): The rules will suddenly change when a financial crisis strikes. Why is this a certainty? The answer is complex, as it draws on human nature, politics and the structure of societies/economies ruled by centralized states (governments).
When crises arise, the state first protects its own authority and control. Its second priority is securing the wealth and power of the elite.
History teaches us that authorities view crises as first and foremost a threat to state authority, secondarily as a threat to elites’ wealth and power, and then lastly as a threat to the socio-economic system they rule. Given these crisis management priorities, their first response is to extend their authority by whatever means are necessary. Once these new powers are in hand, the state deploys them to limit the threat posed to the power elites and the structure that supports state and elite wealth/power. More…
Happy Birthday CIA: 7 Truly Terrible Things the Agency Has Done in 70 Years
by Carey Wedler
Posted October 1, 2017
On Monday President Trump tweeted birthday wishes to the Air Force and the CIA. Both became official organizations 70 years ago on September 18, 1947, with the implementation of the National Security Act of 1947.
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After spending years as a wartime intelligence agency called the Office of Strategic Services, the agency was solidified as a key player in the federal government’s operations with then-President Harry Truman’s authorization.
In the seventy years since, the CIA has committed a wide variety of misdeeds, crimes, coups, and violence. Here are seven of the worst programs they’ve carried out (that are known to the public): More…
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