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Do You Really Think the Empire Will Sacrifice the Dollar to Further Enrich Billionaires?

[Economic]
Do You Really Think the Empire Will Sacrifice the Dollar to Further Enrich Billionaires?
by Charles Hugh Smith
Posted January 4, 2020

Dollar as a  reserve currency may not last The Federal Reserve is widely worshiped as the Ultimate Power in the Universe, a kind of financial Death Star. The Fed has seen fit to crush the USD to further boost the wealth of billionaires and save global stock markets from their well-deserved ruin. Saving the world, ho-hum, just another day for the god-like Fed.

But something doesn’t quite add up here, for as the all-powerful Fed devalues the US dollar, it destroys the exorbitant privilege of America’s reserve currency. What’s the exorbitant privilege? Simply this: the owner of a reserve currency can create “money” (USD) out of thin air and trade it for autos, oil, semiconductors–real-world goods that were not created out of thin air. Rather, all these real-world goods required tremendous investment and significant costs to be produced and transported.

It is not an exaggeration to say that the ability to create “money” out of thin air and trade it for real-world goods is the foundation of America’s global power, what I call the Imperial Project. The same can be said for the other reserve currencies, the euro and the yen. (Since China’s currency is pegged to the US dollar, it is not a true reserve currency; it is only a derivative of the USD.) More…

Redeeming the Black Pill

[Social] [Spiritual]
Redeeming the Black Pill
by Charles Eisenstein
Posted January 3, 2021

black pill Earlier I used the term the “Black Pill.” Nihilism, of course, is no mere philosophical position, but the intellectual expression of a psychological state of despair. In fact, this despair is always latent in modern society, because (1) its reigning reductionism renders the universe into a meaningless scribble of atoms and void; (2) its reigning theory of life tells us we are here to survive and reproduce; (3) its reigning economics directs our creative energies toward unfulfilling work and mindless consumption, and (4) its dominant social patterns cut us off from nature, community, place, and the experience of belonging.

For a while, rapid increases in wealth and dazzling technical achievements kept the despair at bay. But it was there all along, a gnawing void at the heart of the ideology of progress. It was there all along, an inner poverty mirroring the destitution progress had wreaked upon other cultures and beings. It was there all along, our own shadow that followed us as we raced toward a Utopia ever just at the horizon. Now as the glamour of progress dissolves, as our exhaustion mounts, and as we face the sobering realization that the horizon grows no closer no matter how fast we run, despair overtakes us at last. More…

The Lesson Of 2020: What’s The Point Of Pointing Out The Hypocrisy?

[Political] [Media]
The Lesson Of 2020: What’s The Point Of Pointing Out The Hypocrisy?
by Tom Luongo
Posted January 2, 2021

media lies and omissionsAs I sat down to write this morning the overwhelming sense of futility washed over me. And nothing saps your will to work more than reading through the headlines and noting the complete lack of conscience on display by the media, our political leadership or frankly anyone with half a brain.

Notice the trend? Major stories that are supposed to matter are dropped the moment they get anything close to uncomfortable for those in power who are chosen to remain in power.

Every rabbit hole you go down forks into a deeper one, revealing even more information about how truly corrupt and inhuman our political systems are and yet our media stands there like a thousand monkeys banging away on their iPhone keyboards trying to convince us what they are producing is Shakespeare and not auto-corrected Engrish.

I’ve always thought Donald Trump’s biggest flaw was that he was an incurious man, but compared to the so-called journalists of our corporate media Trump is the second coming of Sherlock Holmes for pity’s sake. More…

Warp Speed Ahead: COVID-19 Vaccines Pave the Way for a New Frontier in Surveillance

[Justice] [Social]
Warp Speed Ahead: COVID-19 Vaccines Pave the Way for a New Frontier in Surveillance
By John W. Whitehead
Posted January 2, 2021

covid surveillance in our futureRemaining singularly human and retaining your individuality and dominion over yourself—mind, body and soul—in the face of corporate and government technologies that aim to invade, intrude, monitor, manipulate and control us may be one of the greatest challenges before us.

These COVID-19 vaccines, which rely on messenger RNA technology that influences everything from viruses to memory, are merely the tipping point.

The groundwork being laid with these vaccines is a prologue to what will become the police state’s conquest of a new, relatively uncharted, frontier: inner space, specifically, the inner workings (genetic, biological, biometric, mental, emotional) of the human race.

If you were unnerved by the rapid deterioration of privacy under the Surveillance State, prepare to be terrified by the surveillance matrix that will be ushered in on the heels of the government’s rollout of this COVID-19 vaccine. More…

The Kafkaesque Imprisonment of Julian Assange Exposes U.S. Myths About Freedom and Tyranny

[Justice] [Political] [Media]
The Kafkaesque Imprisonment of Julian Assange Exposes U.S. Myths About Freedom and Tyranny
by Glenn Greenwald
Posted January 1, 2021

prosecute the messenger, not the criminals exposed by the messengerThe real measure of how free is a society is not how its mainstream, well-behaved ruling class servants are treated, but the fate of its actual dissidents.

Persecution is not typically doled out to those who recite mainstream pieties, or refrain from posing meaningful threats to those who wield institutional power, or obediently stay within the lines of permissible speech and activism imposed by the ruling class.

Those who render themselves acquiescent and harmless that way will — in every society, including the most repressive — usually be free of reprisals. They will not be censored or jailed. They will be permitted to live their lives largely unmolested by authorities, while many will be well-rewarded for this servitude. Such individuals will see themselves as free because, in a sense, they are: they are free to submit, conform and acquiesce. And if they do so, they will not even realize, or at least not care, and may even regard as justifiable, that those who refuse this Orwellian bargain they have embraced (“freedom” in exchange for submission) are crushed with unlimited force. More…

A Better Option For the Gig Economy

[Economic]
A Better Option For the Gig Economy
By Juliet B. Schor
Posted December , 2020

better alternative to gig economy is possibleVoters in California have now decided whether Uber drivers and other gig economy workers should be considered employees or contractors—a question that’s been debated and litigated for many years now.

On the surface, the issue pits the flexibility that comes with being independent against the higher incomes and benefits that employees tend to get. Uber, DoorDash and others say the proposition they put on the ballot in California splits the difference by keeping them contractors—“with benefits.”

I’ve been studying gig labor for nearly a decade. Since 2013, I’ve led teams that have interviewed more than 200 workers on platforms such as TaskRabbit, Postmates, Uber, and other apps to learn about their experiences, earning patterns, desires and constraints. More…

Video Analytics User Manuals Are a Guide to Dystopia

[Community]  [Justice]  [Media]
Video Analytics User Manuals Are a Guide to Dystopia
By Dave Maass and Matthew Guariglia
Posted December 31, 2020

video analytics danger to privacyA few years ago, when you saw a security camera, you may have thought that the video feed went to a VCR somewhere in a back office that could only be accessed when a crime occurs. Or maybe you imagined a sleepy guard who only paid half-attention, and only when they discovered a crime in progress. In the age of internet-connectivity, now it’s easy to imagine footage sitting on a server somewhere, with any image inaccessible except to someone willing to fast forward through hundreds of hours of footage.

That may be how it worked in 1990s heist movies, and it may be how a homeowner still sorts through their own home security camera footage. But that’s not how cameras operate in today’s security environment. Instead, advanced algorithms are watching every frame on every camera and documenting every person, animal, vehicle, and backpack as they move through physical space, and thus camera to camera, over an extended period of time. More…

America Is Marked by Health Emergency, Social Unrest

[Economic] [Social]
America Is Marked by Health Emergency, Social Unrest
By Bill Bonner
Posted December 30, 2020

police will protect the elitesYou’ll remember our dictum: ‘When the money goes, everything goes.’ Huh? You wonder. What’s this got to do with money? Isn’t this just about racism and police brutality? In short, we wish.

The monetary foundation of the U.S. (the Federal Reserve balance sheet) began the century at only $674 billion. That is where it had gotten since the Fed was set up in 1913. Now, it is $7.1 trillion, and it’s headed to $10 trillion by the end of the year.

And now, every crisis, every calamity, and every disaster, caused by the feds themselves, will be met with more money-printing…and more war. The war on terror…the Mortgage Finance Crisis of ’08-’09…the war on COVID-19 …

Each time, the feds go back to doing the only thing they know how to do…the only thing that increases their power and enriches their friends — running the printing press. And each time, they make the situation worse. More…

75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF

[Economic] [Justice]
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF
By Pam Martens and Russ Martens
Posted December 29, 2020

over $300 billion missing from CARES ActThe CARES Act was signed into law on March 27. Congress earmarked $454 billion of that stimulus money to be distributed by the Treasury to the Federal Reserve to be used for emergency lending programs to save businesses and jobs during the pandemic and keep credit flowing to the U.S. economy. The catch was that the Treasury Secretary, Steve Mnuchin, would have to give his approval for each of the programs.

Since June, Wall Street On Parade has been reporting that $340 billion of the $454 billion that Mnuchin was instructed to turn over to the Fed was unaccounted for. We noted that 98,000 businesses had permanently closed in the U.S. while this money, intended for economic relief, went missing.

Wall Street On Parade has repeatedly asked the press office of the U.S. Treasury to explain this discrepancy. It has refused to answer our inquiries. More…

The Ruling Elite’s War on Truth

[Political] [Social]
The Ruling Elite’s War on Truth
by Chris Hedges
Posted December 28, 2020

same puppetmaster controls both puppetsJoe Biden’s victory instantly obliterated the Democratic Party’s longstanding charge that Russia was hijacking and compromising U.S. elections. The Biden victory, the Democratic Party leaders and their courtiers in the media now insist, is evidence that the democratic process is strong and untainted, that the system works. The elections ratified the will of the people.

Trump and his attorney Rudy Giuliani are vulgar and buffoonish, but they play the same slimy game as their Democratic opponents. The Republicans scapegoat the deep state, communists and now, bizarrely, Venezuela; the Democrats scapegoat Russia. The widening disconnect from reality by the ruling elite is intended to mask their complicity in the seizure of power by predatory global corporations and billionaires.

The two warring factions within the ruling elite, which fight primarily over the spoils of power while abjectly serving corporate interests, peddle alternative realities. If the deep state and Venezuelan socialists or Russia intelligence operatives are pulling the strings no one in power is accountable for the rage and alienation caused by the social inequality, the unassailability of corporate power, the legalized bribery that defines our political process, the endless wars, austerity and de-industrialization. More…

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Quotable Sayings

nothing can stop a determined soulThere is no chance, no destiny, no fate that can circumvent or hinder or control the firm resolve of a determined soul.

Ella Wheeler Wilcox

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billionaires don't EARN money, they MAKE money

You do not become a billionaire through labor. You become a billionaire through inheritance, corruption or economic rents – or, in most cases, some mixture of all three.

Grace Blakeley

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same puppet master pulling strings on both sides

Mainstream American liberals think they’re clear-eyed because they can see the propaganda strings being pulled by Fox and Donald Trump, and mainstream American conservatives think they’re clear-eyed because they can see the propaganda strings being pulled by MSNBC and the Democrats, but the propaganda strings on both trace back to the same puppet master. And seeing that is just the beginning.

Caitlin Johnstone

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discover your infinite worth

You alone are the judge of your worth and your goal is to discover infinite worth in yourself, no matter what anyone else thinks.

Deepak Chopra

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main stream media propaganda

It is obvious that the US government is destroying Assange to signal to journalists the consequences of publishing information. It is therefore also obvious that any journalist who fails to use whatever platform they have to speak out against Assange’s persecution has no intention of ever publishing anything that the US government doesn’t want published. Their silence on or support for what is being done to this man can and should be taken as an admission that they are nothing other than state propagandists.

Caitlin Johnstone

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Britian's Orwellian tactics against Julian Assange

It’s quite fitting that the – imperially pre-determined – judicial fate of Julian Assange is being played out in Britain, the home of George Orwell.

Pepe Escobar

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Courage is resistance to fear, mastery of fear, not absence of fear.

Mark Twain

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More Quotable Sayings

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How is it that we were taught to fear witches, rather than those burning them?

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The Shocking Truth about Our Money System and How We Can Break Free!

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Great story on why we need to remove ALL of our elected government representatives
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