Economic Articles from 2021
The Lies Capitalists Tell Us
By William Hawes & Jason Holland
Posted June 21, 2021
While idiotic supporters of our two-party system wring their hands over the sensationalist nonsense reported by the mainstream media, we thought it might be worth touching on the most dangerous lie of all-time: capitalism. It’s an all-encompassing delusion, including: the myth of continual technological progress, the mendacious assumptions of endless economic growth, the lie that constant bombardments of media and consumer goods make us happy, and the omissions of our involvement in the exploitation of the planet and the resources of distant, poorer nations, among other things.
We’ve taken the time to hash out some of the most pernicious mendacities we’ve come across in our (relatively) young lives, in the workplace, in our private lives, and in the media. ***
Please share these counter-arguments far and wide, in order to educate your fellow citizens, and, if necessary, to provide the intellectual beat-downs needed when arguing with pro-capitalists. So without further ado, here is our list of the most devious “Lies that Capitalists Tell Us”: More…
The Medicare Advantage Racket
by Diane Archer
Posted June 12, 2021
In September 2018, a government report was released and was largely ignored by the mainstream press.
The report from the Inspector General at the Department of Health and Human Services (HHS) seductively titled – Medicare Advantage Appeal Outcomes and Audit Findings Raise Concerns About Service and Payment Denials – found that Medicare Advantage regularly denies claims and that when patients appeal those denials, the Medicare Advantage plan reversed three-quarters of their own denials.
The numbers were troubling because of the infrequency with which patients and providers used the appeals process – just one percent of those denied care. More…
War on Cash: The Next Phase
by James Rickards
Posted June 10, 2021
With so much news about an economic reopening, a border crisis, massive government spending and exploding deficits, it’s easy to overlook the ongoing war on cash.
That’s a mistake because it has serious implications not only for your money, but for your privacy and personal freedom, as you’ll see today.
Cash prevents central banks from imposing negative interest rates because if they did, people would withdraw their cash from the banking system.
If they stuff their cash in a mattress, they don’t earn anything on it; that’s true. But at least they’re not losing anything on it.
Once all money is digital, you won’t have the option of withdrawing your cash and avoiding negative rates. You will be trapped in a digital pen with no way out. More…
[Economic] [Political] [Social]
Oklahoma Quietly Launched a Mass Surveillance Program to Track Uninsured Drivers
by Ella Fassler
Posted June 7, 2021
Cash-strapped governments are turning to tech that converts cameras into automated license plate readers to penalize uninsured drivers
Revenue-driven, movement-regulating policing expanded following the Great Recession. With tech companies already capitalizing on Covid-strained budgets, and alarming rates of poverty in the United States, it’s not difficult to imagine the rise of ALPRs as widespread debt collection tools. Some police departments in nearby Texas have been well on their way. In 2015, Texas passed a law allowing police to use ALPRs in their patrol vehicles to track people down who owe court fines.
According to the Electronic Frontier Foundation, ALPR company Vigilant Solutions provided some departments with free cameras and charged drivers processing fees as high 25% — on top of court fees — when they were pulled over. A BuzzFeed News investigation found that the number of jailed debtors exploded with the arrival of ALPR-assisted debt farming. Both enforcement costs and revenue from fines increased. More…
Surveillance of citizens has become big business and the use of surveillance is rapidly increasing.
What will happen when the 5G network is fully in place and there are connected cameras everywhere with no way to escape the web of surveillance? Perhaps that automated speed trap will even automatically deduct the fine from your account…….., for your convenience.
House Hearing: Only Jamie Dimon’s Microphone Mysteriously Malfunctions During Pivotal Questioning
By Pam Martens and Russ Martens
Posted June 3, 2021
CEOs from the six largest banks on Wall Street testified under oath yesterday before the House Financial Services Committee. But only one CEO, Jamie Dimon, had an ear-piercing electronic sound emanate from his microphone, which blocked out the sound of his voice, when he was asked key questions by two separate members of Congress.
The situation was so bizarre that Congressman Juan Vargas, a Democrat from California, said this about the episodes: “It reminded me of the movie ‘Young Frankenstein.’ Every time they said ‘Luther’ the horses would get scared. Every time they said ‘Jamie Dimon,’ the computers would get scared.”
Jamie Dimon was sworn in and put under oath at yesterday’s House hearing, along with all other CEOs. The scrambling of just his microphone gave the appearance of a backup plan for difficult questions. Dimon previously got into trouble in 2012 for telling the public that his bank’s London Whale derivative trades were a “tempest in a teapot,” when the bank had, in reality, gambled in derivatives with deposits from its federally-insured bank, losing at least $6.2 billion.
If Dimon needed someone to scramble electronics at the hearing, he would certainly have no trouble finding capable hands. The bank has a history of hiring from among the ranks of the CIA’s clandestine operations. More…
Farmer Bill And The Great Reset
by Dr. Joseph Mercola
Posted May 12, 2021
Unbeknown to most, Bill Gates has been buying up farmland across the U.S. through various subsidiary companies. At present, he owns about 242,000 acres of farmland, plus another 27,000 acres of nonagricultural land.
While many media outlets claim this makes Gates the biggest farmland owner in the U.S.,1 that may be an exaggeration, seeing how there are at least 50 other families that own far greater landmasses, including Amazon founder Jeff Bezos.2 According to a USA Today investigation3 published in November 2019, Bezos owns a respectable 420,000 acres, most of it located in Texas.
Either way, Gates certainly owns a sizeable chunk of U.S. farmland, which places him, yet again, in a position to have a significant impact on the direction of American agriculture and food production. More…
How the Economy is Designed to Keep You Poor and Powerless
by Umair Haque
Posted May 1, 2021
Our economies are now divided into two classes, effectively. One, owners of capital — true owners. People who own their own homes, have no debt, and so on. And everyone else — a massive underclass of people who are neoserfs, perpetually in debt to the first class of owners. That first class of owners isn’t the mythical 10%, really — it’s a tiny, tiny class. It’s Bezos and Zuck and maybe their top lieutenants, people with truly vast wealth. They own so much that they could buy entire cities, if not countries, outright. Meanwhile, the average person effectively owns nothing across a lifetime, which is what “I’m going to die before I pay off all these debts” really means.
Now, that’s infuriating — and it’s also stupid. Economists and pundits love to lionise our modern economies as “the greatest wealth creation engines ever.” But the truth is that while people may have more creature comforts, in hard sociopolitical terms, they are still what they have always been: a dispossessed class of proles. Precisely because capital will not raise their incomes even to the point that they can comfortably afford a place of their own to live.
When you think about it that way, something is very very wrong with our economies. It shouldn’t be the case that you have to work a lifetime to pay off the debt of having the basics, from a home to utilities to education to healthcare. That’s as crazy as it sounds — not much of a life at all. More…
Financial False Hope – I Know You’re Lying…but I Trust You with My Life!
by Steve Penfield
Posted April 30, 2021
Investing trust in the wrong people and policies can be ruinous. How much dishonesty does it take before the public stops putting blind faith in debt dealers, corporate crooks and the servile politicians who do their bidding? The widespread acceptance of ‘healthy’ inflation, monopoly patent rights, the ‘retirement’ trap and enslaving corporate ‘benefits’ would suggest we enjoy the abuse.
Throughout modern history, a perpetual quest among leisurely aristocrats, the entourage of corporate titans and their political suitors has been solving the mysteries of how to get paid for doing nothing and how to look good while doing it. The various means developed over the centuries by our mainstream banking industry—wearing a princely costume, shifting papers around a desk, funding corporate dominance along with ruinous wars and welfare programs, then lounging in the comfort of an expansive corner office—have neatly satisfied both elements of that royal endeavor.
Enslaving the public to endless financial servitude just adds an unfortunate side-effect of the primary mission. More…
The Dangers Lurking Behind A Digital Euro
by Thorsten Polleit
Posted April 25, 2021
The European Central Bank is keen to make its intentions known, declaring that a digital euro will be accessible for everyone, robust, secure, efficient, and compliant with applicable law. However, it should be clear that the path to becoming a surveillance state regime will accelerate considerably if and when a digital euro is issued. A look at China probably shows where the journey is headed: the Chinese digital central bank money is supposed to have a “controlled anonymity.” In other words, “only” the People’s Bank of China—that is, the Chinese Communist Party—should have access to the payment transaction data.
The ECB says the digital euro is a “complement” to cash and bank balances. But that’s not convincing. Because those who pay in cash obviously find it convenient and want to ensure their anonymity. Otherwise, they would pay electronically, i.e., transfer balances through PayPal, Apple Pay, or debit or credit cards.
In this context, it should be noted that people don’t just hold cash for payment purposes. They also demand it to protect themselves against bank failures, for example, or they also hold cash to be liquid even in the event of power outages, to be independent of online banking. The suspicion that the ECB is more interested in taking cash out of circulation cannot be refuted easily. But if only electronic payments are possible, what little remains of “financial privacy” will be gone. The citizen becomes completely transparent, much to the liking of the state and its beneficiaries.
As soon as cash has been pushed back or stripped away entirely, monetary policymakers can implement an uninhibited negative interest rate policy to devalue debt. Customers can no longer get out of the “bank balance sheet”; the final escape door is then locked. More…
End The Illusion Films
End The Illusion Blog
The Shocking Truth about Our Money System and How We Can Break Free!
This site is designed for people who wish to follow important events, but do not have time to do a lot of reading. If you follow this site for a period of time, the daily fresh stories in different categories will over time provide you with an understanding of the “big picture” by showing you both the problems and the solutions. Hopefully this will inspire you to listen to your inner wisdom and become part of the solution.