31/03/2016

For Canada's Banks This Is "The Next Shoe To Drop", And Why It Will Drop This Spring - by Zero Hedge

Jeff Fitchett: Canadians, like most other people in the world today, should be concerned with their banking system.  Our economy is based on a bubble of debt that is in the process of popping.  

Courtesy of Zerohedge
Roughly around the time the market troughed in early February, we asked "After The European Bank Bloodbath, Is Canada Next?" The reason for this question was simple: we said that "when compared to US banks' (artificially low) reserves for oil and gas exposure, Canadian banks are...not."

Stated otherwise, we warned that the biggest threat facing Canada's banking sector is how woefully underreserved it is to future oil and gas loan losses.
We added that unlike their US peers, "Canadian banks like to wait for impairment events to book PCLs rather than build reserves, in effect throwing the entire process of reserving for future losses out of the window."

30/03/2016

Awakened... now what? - by Jeff Fitchett

What does one do when a person realizes that nothing is as it seems?  

Logically speaking, the immediate response is that a grieving process begins.   It is a lot to comprehend learning that our society is shaped and controlled by nefarious means.  I found myself questioning my own observations.  Am I correct? Why do other people not see what I'm seeing?  How can this be?  

Zen Gardner wrote in his article, Suits, Costumes and the Mask of Uniformity; "What’s been pre-programmed into the human psyche seeks affirmation." "That’s the nature of the game we’ve been dropped into." "Waking up to that reality takes some guts and determination but it’s happening on a massive scale despite the truth blockade and deliberate media and geopolitical insanity." It is true that a person who is not awake will require a constant flow of conditioning in order to maintain their state of slumber.  Reality is much different looking when compared to the facade that the media and establishment depict.

One of the best examples of the facade is the belief that the United States of America is the beacon for freedom and democracy.  From an outsiders perspective it is clear as day that the constitution is dead.  It no longer exists. The masses within the US do not realize this fact.  Dr Paul Craig Roberts wrote a must read article titled; Does The United States Still Exist?  If you are of the mindset that the US constitution is still intact please stop reading this article and read Dr Roberts' article before continuing on.  A constant barrage of buzz words, phrases and entitlement benefits are required to keep the fallacy alive and the majority of the population docile and under control.   A small minority of awakened people know that the US is a tyranny.

What to do?  

Examine your own life.  How tied to the system are you?  Money is one of the most obvious tools used by the establishment.  Money is debt. Debt equates to serfdom.  From my point of view, it is imperative to get out of debt.  Anyone who is in debt knows the feeling of not being able to get off the treadmill that is the daily grind. Make this a priority.

At this point in time, it should be obvious to anyone who is observing the world around them that economic conditions are precarious to say the least.  Author Lisa Bedford (aka The Survival Mom), posted an interesting article titled; 65 Pieces of Survival Wisdom from the Great Depression.  She mentioned that; "Banks closed quickly and without giving any notice."  "You never knew ahead of time when your own banks would close its doors."  "Back in those days, banks were revered." "It never occurred to anyone that a bank could close and their money would be gone forever."  Today, we find ourselves in a situation that is magnitudes worse than back in the 1930's.  It makes sense to 'de-risk' any wealth that you have accumulated.  In the documentary, The Veneer of Justice in a Kingdom of Crime, it is absolutely clear that the law favours Wall Street fraud over protecting the average Joe on the street.  Our life savings is not protected by government insurance plans or the justice system.  It is a gamble to put faith in a financial system that is rigged and manipulated.  

As the times get harder there will be more physical demand put upon our bodies.  Our way of life has been outsourced so to speak.  Most Western nations no longer produce the goods required for maintaining our daily life.  Here in Canada, over 70% of our food is imported.  Manufacturing has been outsourced to lower wage jurisdictions and the trade flow back and forth is conducted within the confines of extremely complex distribution systems.  From a macro-economic point of view, the world is about to get a whole lot smaller.  Local economies will be required to maintain the lives of most people. Mathematically, Western nations cannot sustain their standard of living using debt.  My point is, we need to improve our own health to a point where we will be able to handle making things again, growing food and repairing the items we rely upon.  Our health care system is not sustainable.  It is extremely important that each of us strive to improve our own health.

Knowledge is paramount.  I would rather know what is going on and take steps to prepare myself for the immense changes that are taking place right now.  There are communities of people who troubleshoot, share ideas and help with preparing for change.  Tap into the vast network of resources that are readily available online.  From there, the world is your oyster. The truth will set you free.

All and all, as you go down the rabbit hole, things start to make much more sense.  The web of deception is very large.  Action = reaction. Learn as much as you can. Use your newfound knowledge to your benefit and walk away from the system that is destroying us. It is a bumpy road, but the answers to your questions are readily available as you uncover the truth.  Use logic and work within your means to escape the matrix of daily life. Remember, the more financially tied to the system you are; the more difficult it is to escape.  




 



The Great Nausea - by James Howard Kunstler

Jeff Fitchett: Wordsmith, Jim Kunstler, eloquently sums up the USA in 2016.


Historians of the future, roasting rat kabobs over their campfires, will look back at the year 2016 and marvel at the death throes of the zombie republic that died eating its own brains. This grotesque Deep State lumbers from one misadventure of governance to the next consuming its prospects for a plausible future in a fugue of autophagy, inducing the great nausea that now settles over the land.

President Trump — really? We would be lucky if it only resulted in a revolt of the generals, and there goes 200-plus years of institutional heritage. Yet it cannot be denied that the Deep State needs to be kicked to the curb, stomped, water-boarded, and hung out to dry. The sad part is that the job might have been done by men of character, but incredibly the long-vaunted baby boomer generation did not manage to produce any, nor the so-called Gen-X now coming into its own power. And if such hypothetical figures do exist, why are they hiding in the thickets of public life?

Well, there is Bernie, after all. Credit must be given to this lone crusader for at least opposing the avatar of the Deep State, she whose “turn” must not be denied in the rotating management of rackets-and-grift that our politics have sunk to. He thrashed her roundly in the three primary contests over the weekend — so badly in the vote count that she may be suffering an existential hangover as I write. The fabled Democratic Party super-delegates may also be going through a dark night of the soul as they study the intractable anti-charisma of Hillary. Much as I admire Bernie’s chutzpah, his particular Old Left theories of wealth redistribution do not convince me — though the management of our dwindling capital surely lies at the heart of our problems. His nomination would go down in the Ripley’s Believe-It-Or-Not annals of the world’s greatest improbabilities.

Otherwise, the latest meme spreading across the web wires is how deeply the voters divide by sex: men flocking around Trump (or Machine Gun Ted Cruz), and the ladies standing at each mighty column of Hillary’s azure pant-suit. Yes, a national war of the sexes. Just what we need with all our shit falling apart. This sorry diversion results not from the triumph of feminism, as widely believed, but actually from the failure of American manhood. Proof of that, of course, is the ascendance of Trump, this punch-line of a political leader with all the gravitas of a hood ornament. History repeats itself, first as tragedy, second as farce — thank you, Karl Marx, O peevish mischief-maker squirming upon your fabled boils!

Finally, what will take the Deep State down is not some lance-wielding armored savior on a white horse but the awful undertow of financial implosion that awaits as the seasons of 2016 turn. When faith in our money and the instruments represented in it goes, look out below. There are so many rifts in the international banking system that the vista begins to look like the spring ice break-up on the Lake of Nations. When the grifters can’t cash their checks — or move their pixels into the accounts receivable column — they will be immobilized. Of course, if that happens, so will everything else, including your ability to buy any more frozen pizzas.

Trump, Cruz, Hillary, and Bernie are signs that this poor paralyzed country needs to go through a convulsion to flush out all the toxic idiocy of this historical moment. Trigger warning: it may be the messiest revolution in history when it finally comes, there is so much dross to clear out of the system. Trump and Hillary are like two giant fistulas obstructing the national bowel. Of course, a lot of sentient Americans do not want their nation dying on the toilet like Elvis. The indignity of it! In the name of the founding fathers, please, someone, fetch the enema bag.

Events still lie hidden like bear traps on the path to “Decision 2016” as they like to say on the cable networks. Somewhere in London, Singapore, Shanghai, or New York, a 25-year-old coked-out Forex trader is going to tap the untoward keystroke that brings down a derivatives avalanche… or two brothers of Allah in some Berlin row-house will go forth one bright morning in vests of Semtex… and finally enough will be enough.



29/03/2016

Trump and Clinton: Censoring the unpalatable - John Pilger

Jeff Fitchett: I agree with John Pilger.  This article is worth a quick read. 

A virulent if familiar censorship is about to descend on the US election campaign. As the cartoon brute, Donald Trump, seems almost certain to win the Republican Party's nomination, Hillary Clinton is being ordained both as the "women's candidate" and the champion of American liberalism in its heroic struggle with the Evil One.
This is drivel, of course; Hillary Clinton leaves a trail of blood and suffering around the world and a clear record of exploitation and greed in her own country. To say so, however, is becoming intolerable in the land of free speech.
The 2008 presidential campaign of Barack Obama should have alerted even the most dewy-eyed. Obama based his "hope" campaign almost entirely on the fact of an African-American aspiring to lead the land of slavery. He was also "antiwar".

26/03/2016

What is Wrong With Our Culture - Alan Watts


Unlikely partners? How Western media largely ignored State Dept-Google-Al Jazeera plot against Assad - RT

Jeff Fitchett: This is a worth a read.  In addition, it should not surprise anyone who follows geopolitics.

"The Western media has quietly ignored an unexpected collaboration between Washington, Google, and “independent” Al Jazeera aimed at helping to overthrow Syria’s Bashar Assad. Would they be as oblivious to a similar cozy “partnership” involving Russia?"

"Last Monday, WikiLeaks lifted the lid on a correspondence between Jared Cohen, the President of ‘Google Ideas,’ and then-Secretary of State Hillary Clinton’s staff in the summer of 2012. In his July 25, 2012 email to top State Department’s officials, Cohen pitched his about-to-be-launched “tool” to Clinton’s inner circle, asking it to “keep close hold” of it."

Click to read the article

24/03/2016

DOW JONES vs SILVER: Trading Volume Says It All - SRSrocco Report

Jeff Fitchett: This is an excellent article that provides easy to understand charts.  An increase in volume generally leads to higher asset prices.  Supply and demand should dictate the price of assets.  In our world of central bank intervention everything is manipulated.  Traditional assets are going up as volumes decline.   

Click to read article and view the charts


Glenn Greenwald: Is It A Coup? What Is Happening in Brazil is Much Worse Than Donald Trump - Democracy Now

Jeff Fitchett: Glenn Greenwald provides an excellent assessment on the situation in Brazil.    


We are to blame - TAC Weekly Review - March 24, 2016 - by Jeff Fitchett

Cause and effect rarely enters into the mindset of the collective populace.  Media tends to bombard us with repetitive images and phrases that quickly numb us with sensory overload.  
It is no wonder people choose to ‘check out’ and find a safe happy place that provides comfort.  Addictive foods, light hearted TV shows & movies, video games, drugs, alcohol, pornography and other methods of distraction allow an escape.
I’m not here to tell you what is right or wrong; I’m merely highlighting the obvious.  The bombings in Brussels this week can be partially blamed on the mass population.  I feel for the people who lost their lives and who were injured.  It saddens me that so many people were negatively impacted.  Death and destruction is an every day occurrence around the World in this day and age.  
Western media generally only focuses on bombings when it occurs in Western linked nations.  Rarely do we see 24/7 news coverage when a bomb rips through a village in South Sudan, Nigeria, Somalia, Syria, Iraq, etc.  Western mainstream media ratchets up hysteria when Western societies have been targeted.  
It’s notable to mention that after each attack in the US, France, England, Belgium, as well as in other Western countries, that civil liberties are diminished, privacy is infringed upon, military spending increases, security measures are enhanced and in turn the masses support the new initiatives.  Fear allows for governments to tighten their grip on a population.
The same playbook has been used over and over throughout history.  The control mechanisms over society would collapse in a short period of time if the population woke up and started to ponder what is the root cause of terrorism.  Statistically speaking, there is a direct correlation between the increase in Western military intervention in the Middle East and the increasing rate of Islamic terrorism in response.  
Months ago I got into a debate with someone about terrorism.  The person remarked that terrorists use horrific methods for attacks.  I asked in return; “does a hellfire missile that is initiated from thousands of miles away and in turn ends up killing hundreds of people different?”  Furthermore, I highlighted the fact that the West is responsible for more death and destruction than any terrorist organization could possibly do.  Poor populations do not have the military wherewithal to fight against a Western backed standing army.  Suicide bombers are a common tactic used by guerrilla fighters.  We have been brainwashed to accept the bombing of nations, but not the blowback that logically follows.  
Think about Iraq for a moment.  Sanctions against Iraq, during the 1990’s, caused the deaths of approximately 500,000 people.  On September 11th, 2001, roughly 3000 people died.  Everyone watched the planes crash into the Trade Centre Buildings over and over for months.  The news coverage about 9/11 was nonstop.  In contrast, there was hardly a peep from Western media covering the carnage caused by the sanctions against Iraq in the 1990’s.  What gives?
I liken Western foreign policy to Western health care.  We are awesome at treating the symptoms of health problems using pharmaceutical products, but rarely do we focus our efforts on what causes our health problems in the first place.  After all, we are predominantly treated by doctors of medicine.  Similarly, our reaction to ‘terrorist attacks’ is to go and bomb a specific country in retaliation.  All it takes is for an inquiring mind to sift through the piles of information to realize that most of what we are told, from a foreign policy standpoint (and most others items of topic), is either an outright lie or at the very least half truths.  Terrorist attack = bomb a Muslim country in response.  Keep in mind that ISIS has been directly funded by the US, Saudi Arabia, Turkey and a number of other countries. 
In the coming days and weeks, pay attention to how EU officials react to the bombings.  More than likely you will hear the importance of the European Union standing in solidarity.  New powers will be granted to law enforcement and new laws will be passed to allow for the government to monitor the population.  As well, new military spending within EU member nations and NATO will likely be announced as well.  
I know my thoughts may come across as cynical.  I have noticed patterns that keep playing out time and again.  Last week I wrote about awakening and I standby my view that anyone still stuck in the matrix paradigm must snap out of their slumber because our way of life is disappearing. For instance, Swedish authorities are now recommending that woman do not go outside at night alone. It is hard to see what I’m talking about as we go through our daily lives, but when you step back and take a hard look at our world you can’t help but notice stark changes taking place.  
Politicians and their ilk will continue on with policies that will result in the further deterioration of humanity.  I think the US political process is a prime example of what I’m trying to convey.  Donald Trump is getting a ton of support because people are starting to wake up and realize that they are getting screwed.  The outsourcing of jobs, the inability to save for the future and get out of debt, a standard of living that is slowly slipping away, endless wars, Wall Street bankers that never go to jail for obvious frauds that have been committed, food companies that are responsible for poisoning people and the environment and there are a multitude of other issues worthy of thinking about.  The Donald is tapping into these topics and a significant portion of the US public is agreeing with him.  I think it is foolish to believe that he will be a saviour.  There are many similarities between the rhetoric Trump spouts and what Hitler promoted in the lead up to Nazi Germany.  During that time period Jews were targeted; today it is Muslims. It is well known that Hillary Clinton is as corrupt ‘as they get’.  She is bought and paid for and many people are clueing in to this fact.  Trump is offering to make the USA great again, but his words are empty promises.  I digress.
The bombings in Brussels are just a symptom of a World gone amok.  Western politicians, think-tanks, banks and specific multi-national corporations are partially responsible.  They have promoted military interventions all throughout the Middle East and have destroyed peoples lives and societies.  A response from an oppressed people is predictable and terrorist attacks are an obvious response.  The biggest share of the blame should be placed on us for deferring our rights, freedoms, foreign policies and political mandates to individuals who have been corrupted.  We have allowed for our existence to be sold off to the highest bidder.  In turn, we continuously vote for the lesser of evils in the hopes that we can change our lot in life.  Right now George Carlin is ringing my head.  I hear him saying; 
“There’s a reason for this, there’s a reason education sucks, and it’s the same reason it will never ever ever be fixed. It’s never going to get any better. Don’t look for it. Be happy with what you’ve got… because the owners of this country don’t want that. I’m talking about the real owners now… the real owners. The big wealthy business interests that control things and make all the important decisions. Forget the politicians. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the state houses, the city halls. They got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls. They spend billions of dollars every year lobbying. Lobbying to get what they want. Well, we know what they want. They want more for themselves and less for everybody else, but I’ll tell you what they don’t want. They don’t want a population of citizens capable of critical thinking. They don’t want well-informed, well-educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interests. That’s right.”
As I have stated before, it pains me to see our world unraveling before my very eyes.  I can’t tell you how many people I know who are making racist remarks about Muslims these days.  The dogmatic thinking is remarkable.  I wish I could be shocked and surprised by all of this.  Sadly, I am not because history seems to keep repeating itself.  There is always a minority population to blame for the woes of a people, a country and our world.  Not long ago Jews were the target of prejudice.  The same goes for blacks and other minority groups.  As I always say, think for yourself.  Take a step back and think about the causes of the problems we face today.  If a foreign nation bombed us how would you feel? Would you feel resentment?  What if you did not have the means to protect yourself and your family?  Would you sit still and just take it?  Migrants and refugees are fleeing war torn countries that our governments bombed to smithereens.  In turn, as destitute people flee their home country and flood into nations throughout Europe there is backlash from the common European person.  ‘How dare they enter our country and mess with our culture!’  Some of the anger should be directed at the politicians we elect.  But mostly, we have ourselves to blame because most people choose a state of cognitive dissonance over being informed.  Cause and Effect!
Jeff Fitchett B.A., FMA, CIM
Analyst - Trivium Analytics Canada

226-448-4747
jeff.fitchett@triviumanalytics.ca 

Betting Against the Fed Pays Off in Gold - Peter Schiff on CNBC

Jeff Fitchett: I always find it amusing how mainstream financial pundits are absolutely clueless as it pertains to the economy and monetary policy.  I can't help but laugh at their (willful) ignorance.  Peter does a good job at explaining the situation.  


23/03/2016

World Going Into Decline - by Egon von Greyer with Greg Hunter

Jeff Fitchett: I always appreciate Egon's views and how he delivers his thoughts.


It's Official: Canadian Bank Depositors Are Now At Risk Of Bail-Ins - by Zero Hedge

Jeff Fitchett: The former Conservative government of Canada had put bail-in conditions in the 2013 National Budget.  The Liberal government has expanded the bail-in regime as per the 2016 national budget.  You should consider moving cash savings out of bank accounts and/or buying hard assets such as bullion.  The outlook for the Canadian dollar is bleak given the massive deficit the national government and provincial governments are running.  In addition, oil will likely stay low or move lower assuming no major event happens in the Middle East.  


Click to read the full Zero Hedge Article

Introducing a Bank Recapitalization "Bail-in" Regime 

To protect Canadian taxpayers in the unlikely event of a large bank failure, the Government is proposing to implement a bail-in regime that would reinforce that bank shareholders and creditors are responsible for the bank’s risks—not taxpayers. This would allow authorities to convert eligible long-term debt of a failing systemically important bank into common shares to recapitalize the bank and allow it to remain open and operating. Such a measure is in line with international efforts to address the potential risks to the financial system and broader economy of institutions perceived as “too-big-to-fail”. 

The Government is proposing to introduce framework legislation for the regime along with accompanying enhancements to Canada’s bank resolution toolkit. Regulations and guidelines setting out further features of the regime will follow. This will provide stakeholders with an additional opportunity to comment on elements of the proposed regime. 

Bail-in Regime for Banks 

Canada’s financial system performed well during the 2008 global financial crisis. Since that time, Canada has been an active participant in the G20’s financial sector reform agenda aimed at addressing the factors that contributed to the crisis. This includes international efforts to address the potential risks to the financial system and broader economy of institutions perceived as “too-big-to-fail”. Implementation of a bail-in regime for Canada’s domestic systemically important banks would strengthen our bank resolution toolkit so that it remains consistent with best practices of peer jurisdictions and international standards endorsed by the G20.

22/03/2016

Peak Prosperity News Update (Must Watch)

Jeff Fitchett: Chris Martenson completely nails it with his news update.  He is spot on.  Excellent 8 minutes of commentary!


The power of imagination - by Jon Rappoport

Jeff Fitchett: I feel like Jon is talking to me when I read his work.  I identify with him immensely and I agree with his thoughts.  It is a life changing experience to see the world for what it is and realize that your life is not predetermined.  We all have the ability to break free and live a life that is meaningful and fulfilling. 


The easiest way to illustrate the power of imagination is to ask, how else can a person see possibilities that don't already exist in his life or in larger society?

And unfortunately, most people try to find those possibilities by consulting what others have suggested---never thinking that they themselves could imagine them on their own.

There is a threshold beyond which the attachment to others' suggestions turns into membership in a desolate second-hand club.  A person joins his future to slogans, vague juvenile sentiments, rebellion devoid of substance, and conformity to some addled cause.  After that, he takes his only sustenance from being part of a group.

Imagination, on the other hand, never asks for consent.  It doesn't feel a need to belong.  It doesn't try to mimic what is popular in order to gain appreciation or acceptance.

Having tasted a bit of this independence, a person is likely to wonder when the rewards will start piling up.  But imagination doesn't operate on the basis of instant gratification.  

Society may go around and around in order to emphasize the ways in which we are all similar, but imagination points up the ways in which we are all different. 

That is its strength.

It keeps referring back to its source: the individual.

Underneath all the other revolutions, there is the revolution of the individual imagining vast possibilities---and deciding which to pursue.

If that is eliminated from the equation, all boats eventually sink.  There is nothing to support them and make them move, except reflex actions, which over time lose strength, because they are for The Machine and against life.

Many, many people seek to find a way around this dilemma.  They opt for a little bit of imagination, and an overwhelming amount of repetitive action---as if they might gain a gold star on the blackboard for their ingenuity.  But the gold star never comes.  Instead, such people wear out.  They become bored.  They feel despondent.

When you back up and look at this---what a strange situation.  An individual, inherently endowed with unlimited imagination which inspires and elevates; and yet he is mired in a sea of fatigue.

And this is considered "normal."

"Norma," Latin, meaning "carpenter's square."  Right angles.  The usual kind of measurement.  

Imagination moves into any kind of angle, or no angle at all.  

Imagination isn't waiting for "usual" confirmation.

It's hard to realize the degree of conformity societies impose.  Everywhere you look it seems that standards are firmly in place.  Many of these standards have been in place for centuries.  They are now considered Reality, as if no alternatives exist or have ever existed.  

And these days, we are told that a widespread awakening is taking place---mainly because of the Internet.  Yes, I believe that's true.  At the same time, though, many people, able for the first time to see through the lies and corruptions of various elites, including the media, are digging themselves into a deeper hole, because they are incapable of seeing beyond "the rigged game."  They think everything is rigged, which amounts to saying freedom doesn't exist.  They find nothing within themselves that reflects back a sense of power.  They find only futility and cynicism.  They try to feast on this bitter meal, and of course they gain no sustenance.

This is an example of prior conditioning, a deeper conditioning---ultimately self-imposed---by which the consciousness of imagination and its power has been stripped away.

This is what needs to be reversed.  This is what needs to be rejuvenated.

This is the key.

Do you take your cues about your future from looking only at society and digesting its feedback, or do you make imagination your North Star?

In the latter case, all options are open.  Nothing is determined.  

You leave the exhausted ghosts of the past behind.

You walk on new roads.  You make those roads.

These aren't idle sentiments.  They are the foundation of a new life, lived with vivid energy.

The Uses of Disorder - by James Howard Kunstler

Jeff Fitchett: I enjoyed Jim's essay.  You can support his work at: kunstler.com

Many thoughtful and patriotic citizens entering the Kubler-Ross free-fire zone of desperate bargaining with reality are at work attempting to chart an orderly course around the Godzilla-like figure of Trump looming outside the desecrated once-shining city of American democracy. I doubt there is such an orderly way through this political bad weather. When storms hit, things break up.

It can be argued endlessly whether times produce the man or vice versa, but except in the most schematic and wishful sense, is there any question that Donald Trump is unfit for the office he’s seeking? Personally, I am tortured by the question: why him? Why this vulgarian who can’t string together two sequentially coherent thoughts? Are there in this land of 320 million-plus people no other men or women with comfortable fortunes and better minds bold enough to take on the matrix of mafias running our affairs into the ground? Apparently not.
Then there is the question — only nascently theoretical at this point — of where such an orderly course of decision and action might lead this country. For Trump, it seems to be a restoration of the 1950s, when armies of “breadwinner” factory workers churned out cornucopias of Maytag washers and Zenith black-and-white televisions, and the less numerous Wogs of the outside world busied themselves with basket-weaving, and Atoms For Peace would make electric power “too cheap to meter,” and popular entertainment came in the chaste form of Dinah Shore urging the upward-aspiring masses to “see the USA in your Chevrolet!”
That was, of course, the time of Trump’s childhood (and my own), and if there is anything more certain than night following day, it is that America is not going back to that sunny moment. Trump and I are way past done growing up as human organisms and America is done growing as a techno-industrial political economy. People decline and die and are replaced by new people, and political economies wither and morph into sets of new activities and relations.
The forces of history want to take us to this new disposition of things, and just about everything on the American scene these days is a manifestation of resistance to that journey. The destination is a much re-scaled and down-scaled edition of daily life in a de-globalized economy, with far fewer luxuries and a greater demand for earnestness, purposeful work, generosity-of-spirit, and plain dealing. These are not qualities exhibited by Trump, who represents only the poorly-articulated and grandiose wish to “make America great again.”
The institutional collapse of the Republican Party is in full swing now thanks to Trump. By the way, it could easily be matched by an equally brutal collapse of the Democratic Party if the head of the FBI makes any criminal referrals in the matter of the Clinton Foundation’s entanglements in official State Department business via an email slime trail. It would be an awesome and wondrous event if the nation landed on November 8 with both parties in complete disarray and more than a couple of rump factions posting candidates with dubious legitimate credentials to stand for election. In over two hundred years we have not seen a national election postponed, or canceled.
I’ll repeat my assertion that professional observers on the political scene appear oblivious to the financial shit-storm gathering out-of-sight of land, and how it might affect electoral events at landfall. There’s a fair chance that six months from now, the USA may be in some kind economic emergency, with the banks either disabled or shuttered, and businesses unable to transact with one another, and the just-in-time supply lines to America’s Big Box merchandise depots badly interrupted, with the shelves bare. Americans at large, lost in the their cell phone app raptures and Kardashian masturbation fantasies have no idea how fragile the systems they depend on are.
America is going to learn something about the uses of disorder before this year is out. One of these is to compel the construction of a coherent consensus as to what is actually happening in the world, apart from our wishes and fantasies. That is, if we are not torn apart in the process of getting to that.

21/03/2016

Democracy Struggles To Recover From Betrayal - by Dr Paul Craig Roberts

Jeff Fitchett: This is an excellent article that everyone should read.  Dr Roberts tells it how it is and he connects the dots masterfully.  
With much help from the failures of neoliberal economic policy and neoconservative foreign policy, we are changing the world.
Look at Bernie Sanders’ inroads on the corrupt Clintons’ control of the Democratic Party. Look at how easily Donald Trump defeated the Republican establishment’s candidates. Some Americans are catching on, shedding their unawareness. I am not confident that Sanders or Trump could bring change. In The Deep State (2016), Mike Lofgren concludes that powerful private interest groups, such as the military/security complex and the financial sector, have hijacked democracy. Still, voters’ interest in Sanders and Trump, despite the beating they receive in the media, is a positive sign. Voters are supporting them not so much for their positions on issues as for the fact that neither are part of the Washington establishment. Many voters now understand that the political establishment represents the One Percent, not them. 
A New Russia has appeared on the scene and demonstrated to the entire world its power to checkmate the hegemonic ambition of the crazed neoconservatives who have controlled the US government since Bill Clinton. The world now understands that the leadership for peace comes from Russia not from warmonger Washington.
Washington’s vassals in Europe are in disarray, with the Northern European EU members plundering the Southern EU members, with all of Europe overrun with refugees fleeing Washington’s hoax “war against terrorism.” Europeans are beginning to realize that the establishment political parties that they have blindly supported since World War 2 are nothing but agents of Washington, who serve Washington and not Europeans. Merkel, Cameron, Hollande are puppets of Washington, not leaders of the German, British, and French people.
The Chinese government is finally beginning to realize that the neoliberal American economic policies that it has so slavishly been copying have led it into economic difficulties. Perhaps China will now cease to follow America into oblivion. 
The Russians have learned that being part of the Western system subjects them to economic sanctions and makes it easy for Washington to interfere in Russian internal affairs. The Russians are beginning to show that their desire for their independence is greater than their desire to be accepted by a corrupt, immoral, decadent, and failing West.
Donald Trump and Bernie Sanders speak to Americans’ loss of economic opportunity and financial independence. Today the 99 Percent are slaves to their debt burdens and lack of productive employment, while those who deceived them into these burdens and lowly-paid employment in domestic services are reveling in multi-million dollar annual paychecks.
The US Treasury, Federal Reserve, and financial regulators are corrupted by the private financial interests that control them. The US government serves only the One Percent. Despite this obvious fact, many Democratic Party voters—-traditionally the less well off, union members, and American blacks—-are turning out for Hillary Clinton, a tried and proven representative of the One Percent. The Clintons have been enriched to the amount of $153 million by the ruling One Percent who own the Clintons lock, stock, and barrel. Yet the dispossessed vote for Hillary. http://www.cnn.com/2016/02/05/politics/hillary-clinton-bill-clinton-paid-speeches/ 
Clearly, many American voters, as Thomas Frank made clear in his book, What’s the Matter with Kansas?, still have no clue as to their own interests and vote to elect their worst enemies.
Many Americans are still trapped in The Matrix and kept there by the propaganda that masquerades in the US as “news.” 
Consider the possible implications if Americans were to enable Hillary Clinton to become President. Trump has said that he would work things out with Vladimir Putin, but Hillary has declared the President of Russia to be “the new Hitler.” How can Hillary work anything out with “the new Hitler”? She cannot.
It is a great irony that the American lower class, traditionally served by the Democratic Party, could put in the White House not only a person who only represents the super-rich but also a person who cannot escape confict with Russia, a country with possibly the most capable military force on the planet. 
The psychopathic Washington neoconservatives who have controlled US foreign policy since the Clinton regime, misintepret Vladimir Putin’s peaceful diplomacy as a sign of Russian weakness. The neocons say: “See Putin is weak. He is pulling out of Syria.” But what Putin says is different. Putin says: “We have created the conditions for peace in Syria.” If Washington abuses these conditions, “Russia can, in several hours, build up its forces in Syria to a size capable of dealing with an escalating situation and use the entire range of means at its disposal.” 
Putin adds: “We hope the parties involved would show common sense.”
From a position of strength, Putin has rolled the dice. Is there common sense in the West? I fail to see any. I see arrogance, hubris, idiocy, immorality, inhumanity, complete and total stupidity. These are the characteristics of Western governments. They amount to a deranged criminal enterprise organized against humanity.
In the awards of medals to those Russians who served against ISIS, Putin stated: “Our uncompromising attitude to terrorism remains unchanged.” If we take this statement broadly, it means not merely Muslim jihadists but the terrorism of the West—-the destruction of seven or more countries by the US and its vassals in the 21st century, the long-term sanctions against Iran, Russia, and a number of other countries whose governments do not comply with Washington’s dictates. Putin has told Washington and Washington’s European puppets, Cameron, Merkel, Hollande, that he has had enough of them. They must reform themselves, become honorable governments committed to the welfare of humanity, and abandon self-serving policies of plunder.
Considering the total failure of the United States to subdue after 15 years a few thousand lightly armed Taliban, the American people need to understand that the US military, corrupted by privatizations to enhance former vice president Dick Cheney’s stock options in Halliburton and by over-cost weapons systems that serve the profits of the armaments industries and not the military competence of the fighting force, has lost its edge in weapons superiority. The latest over-cost American fighter jet, for example, according to the Air Force’s own conclusions cannot match the old figher it is intended to replace, whereas the lastest Russian fighter is said to have the capability to electronically shut down American control systems, track simultaneously 24 enemy fighters and lock on 10 simultanteously for unavoidable destruction. Members of the US military command have expressed concern over the high quality of Russian weapon systems.
Everyone needs to understand that the establishments of the two American political parties, the Republicans and the Democrats, are less interested in winning the election than in continuing to control the party. Trump and Sanders are hated by the party establishments, because Trump and Sanders are not members of the establishment. Control over the party by the party establishment is so important that we have many members of the Republican establishment declaring that if Trump wins the Republican nomination, they will vote for the Democrat. This has happened before. It was Republicans who denied the presidency to Republican candidate Barry Goldwater.
The United States is a failing society. Citizens’ hopes are being snuffed out. There are few good jobs or enough jobs of any kind, as the collapse of the labor force participation rate confirms. People are drowning in debts that they have no prospect of ever paying off. Young adults cannot form independent households. The oligarchy that rules and controls the country has committed America to massively expensive wars and privacy invasions for the purpose of establishing a hegemony that enriches elite private interests. 
The corupt and unrepentant financial sector, having survived its mortgage-backed security fiasco without prosecution or correction has repeated its previous folly with a new weapon of potential financial mass destrution. Speculators have bought up distressed properties and rented them. The rental streams are bundled into financial instruments, as were the mortgage payments previously, and sold to investors. Is a renter more committed and better able to pay than a person with a mortgage?
Jobs offshoring and financialization have drained the US economy of the ability to grow. The ladders of upward mobility have been dismantled, and the service of debt curtails consumer demand for goods and services. The wage saving from offshoring jobs raises corporate profits and brings executive bonuses and capital gains to the One Percent. Financialization diverts consumer purchasing power into the service of debt. The result is stagnation and decline.
Foreign policy based on threats and coercion means constant conflict. The US has been in constant conflict since the Clinton regime overthrew the government in Serbia. Constant conflict is expensive, and Americans have had these expensive costs imposed on them simultaneously with the costs of jobs offshoring and financialization. 
It was 20 months ago that Malaysian Airlines flight 17 was destroyed over Ukraine. Despite the inability of the investigation to come to a conclusion, from the first moment Western propaganda has blamed the loss of 298 lives on Russia. Three days after the airliner’s destruction, US Secretary of State John Kerry set in stone the blame on Russia with his claim that “we saw the take-off [of the Buk missile]. We saw the trajectory. We saw the hit. We saw this airplane disappear from the radar screens. So there is really no mystery about where it came from and where these weapons have come from.”  http://www.globalresearch.ca/the-ever-curiouser-mh-17-case/5514946 
If the US has all the evidence, why hasn’t the US government released it? Obviously, there is no such evidence. Why would Washington fail to release evidence that proved Russian responsibility? Kerry’s evidence no more exists than the alleged evidence the US government claims to have from numerous security cameras that a passenger airliner hit the Pentagon on 9/11. If the government had such evidence why has the government refused to release it for almost 15 years? If the government produced this evidence, it would be a death blow to the 9/11 Truth movement. The evidence no more exists than the alleged evidence that Saddam Hussein had weapons of mass destruction, that Iran had a nuclear weapons program, that Assad used chemical weapons, that Russia invaded Ukraine.
The terms of the last three US presidents have been used to squander trillions of dollars on pointless wars and construction of a domestic police state on the basis of a non-existant “terrorist threat.” This alleged threat has been reinforced with false flag events and a fake history spun from lies repeateded endlessly by government and its presstitutes.
In 1994 Christopher Lasch wrote in The Revolt of the Elites: “In our time, the chief threat seems to come from those at the top of the social hierarchy.” As Lasch said, the greed of the elites for money and power have undermined the constitutional basis of the United States. The elites have used their power to betray democracy. Will the American people succeed in clawing back their democracy?

Must Watch Video - The Veneer of Justice in a Kingdom of Crime

Jeff Fitchett: This is a must watch video.  I think Michael Krieger's comments speak volumes:

"I believe it is the duty of every single American citizen to sit down and watch the following mini-documentary. In just 45 minutes, you will learn more about the state of the union and the the world around you than decades of schooling and mainstream media could ever provide. Ignorance is not bliss, and if it weren’t for the blinding levels of ignorance pervasive in modern society, we wouldn’t find ourselves in this current deplorable state — on a knife’s edge between manageable serfdom and intolerable tyranny."
"No one in American society is supposed to be immune from criminal prosecution, yet the Justice Department within the Obama administration took it upon themselves to grant such immunity to the mega banks and their employees. This is a tale of the traitors operating within the highest levels of U.S. government, and it is a saga of how the rule of law was openly torched in front of our very eyes."
"Readers often ask me “what can I do to help?” Here’s what you can do. You can watch this video, then send it to every single person you know and plead with them to watch it. If necessary, make it a point to to sit with them and view it together. That’s how important this is."


Judge Jeanine's Warning To The GOP: "Your Scorn For The Will Of The American People Is Mindboggling; Be Very, Very Careful"

Jeff Fitchett: Judge Jeanine does a great job calling out the establishment for what it is.  I'm a political atheist and I don't think anyone is capable of fixing the systemic issues that have taken decades to build. The corruption and rot is too deep seated.  



19/03/2016

Why Gold Is Money - by Doug Casey

Jeff Fitchett: Gold and silver are money.  The reasons for owning precious metals in this day and age are almost countless.  Trillions upon trillions of currency units have been created out of thin air by central banks.  The establishment loves fiat currency because they are allowed to create currency and then pillage the physical wealth of nations.  Think about it; currency can be created out of thin air and then used to buy oil, food commodities, land, precious metals, art work...  Fiat currency is based on confidence.  As long as the masses remain docile and believe in the value of their digital or paper currency the game will continue unabated.  All throughout history paper money always reverts back to its intrinsic value; zero.  The article below is worth a quick read.  

Click to read the full article

Government fiat currencies can, and currently do, function as money. But they are far from ideal. What, then, are the characteristics of a good money? Aristotle listed them in the 4th century BCE. A good money must be all of the following:

• Durable: A good money shouldn’t fall apart in your pocket nor evaporate when you aren’t looking. It should be indestructible. This is why we don’t use fruit for money. It can rot, be eaten by insects, and so on. It doesn’t last.

• Divisible: A good money needs to be convertible into larger and smaller pieces without losing its value, to fit a transaction of any size. This is why we don’t use things like porcelain for money – half a Ming vase isn’t worth much.

• Consistent: A good money is something that always looks the same, so that it’s easy to recognize, each piece identical to the next. This is why we don’t use things like oil paintings for money; each painting, even by the same artist, of the same size and composed of the same materials is unique. It’s also why we don’t use real estate as money. One piece is always different from another piece.

• Convenient: A good money packs a lot of value into a small package and is highly portable. This is why we don’t use water for money, as essential as it is – just imagine how much you’d have to deliver to pay for a new house, not to mention all the problems you’d have with the escrow. It’s also why we don’t use other metals like lead, or even copper. The coins would have to be too huge to handle easily to be of sufficient value.

• Intrinsically valuable: A good money is something many people want or can use. This is critical to money functioning as a means of exchange; even if I’m not a jeweler, I know that someone, somewhere wants gold and will take it in exchange for something else of value to me. This is why we don’t – or shouldn’t – use things like scraps of paper for money, no matter how impressive the inscriptions upon them might be.