Archive for the economic collapse Category

Coronavirus: Facts & Fall-Out

Posted in activism, analysis, corporate fascism, corporate rule, corporations, corporatism, corporatocracy, coup, crash, crisis of democracy, crisis of legitimacy, democracy, democratic deficit, disaster, economic collapse, economics, elite, empire, empowerment, end-game, fascism, freedom, genetic engineering, globalism, health, must-read, police state, political economy, politics, propaganda, Uncategorized, war on democracy with tags , , , , , , on March 18, 2020 by jtoddring

Four explanations of coronavirus outbreak: 

1. Standard narrative of Western governments and media: natural virus, extreme danger, draconian measures needed, justified

2. Weaponized biowarfare virus accidentally leaked from Wuhan BSL4 bioweapons lab

3. US elites (military industrial complex, or deep state) launched biowarfare in hybrid war with China, without informing President or Congress

4. Chinese actors, working for Chinese government, or perhaps US elites, released virus from Wuhan BSL-4

The think tank, The Great Game, from India, claims evidence of #4.

Jury is out.

What we do know for certain, is this:

The virus is still less dangerous than the common flu – in terms of death toll, it is just 1% of the common flu, and just a sliver of the death toll from war, poverty, hunger, obesity, poor diets, traffic accidents, pharmaceuticals, or even bathtub drownings; but the response to the virus is bringing fascism, economic collapse, and possibly war: three great & very real dangers.

My view: explanation 5:

Whether natural or not, the virus is being used by disaster capitalism, both East and West, as a power grab: elites are using the crisis, whether natural or manufactured, to consolidate their power by stripping the people of their power, their freedoms, and their rights. War and economic collapse are probable reprecussions. Fascism is certain, unless we stop it.

Question everything. Keep the big picture in mind. Keep a long term perspective. And, as Public Enemy said, “Don’t believe the hype.”

JTR,

March 18, 2020

Post-Script:

Want to know what’s happening? Listen to Gerald Celente. What to understand the deeper patterns and big picture? Listen to Chomsky. Between Celente and Chomsky you will understand the world very well. No one is infallible, but they’re 99% right, 99% of the time. #Coronavirus

See also:

China Locked in Hybrid War with US – Global Research

Gerald Celente, Trends Journal, March 17, 2020: Fascism & Economic Crash Follow   Virus Hype

The Collapse of Modern Civilization

Posted in activism, alternative, analysis, anthropology, books, Chomsky, class, climate change, collapse, common ground, consciousness, crash, crisis of democracy, democracy, ecological crisis, ecology, economic collapse, economics, economy, elite, empire, empowerment, end-game, environment, Eric Fromm, fascism, freedom, geopolitics, global warming, globalism, globalization, good news, history, imperialism, inspiration, must-read, neo-feudalism, neocon, neoconservatism, neoliberalism, peak oil, people's movements, philosophy, police state, policy, political economy, political philosophy, political theory, politics, politics of oil, post-carbon, reading, resources, science, social theory, sociology, spirituality, sustainability, the world's other superpower, Uncategorized, war on democracy with tags , , , , , , on March 12, 2020 by jtoddring

More than 150 years ago Thoreau commented, “Our sills are all rotten.” He was right. It is for that reason that Western, and Westernized, “modern” “civilization” is collapsing.

This could be cataclysmic, of course, (as in, an ecological holocaust), or relatively peaceful, (akin to the Maya abandoning their great cities and returning to rural village life). As a grand transformation, it could be more of a collapse, or more of a thoughtful and voluntary transition. So, the spectrum is between cataclysmic and relatively peaceful transition, depending on how we respond to the collapse that is already in progress and well under way.

We needn’t be pathetically fatalistic, it should be noted,  for that is self-neutering, self-disembowelling, and self-lobotomizing. But we do need to deal with reality. The slowmotion collapse of modern civilization is unfolding now.

At present, most nations are paying lip service to the growing, interconnected crises that we face. As a result, most nations and regions will likely experience the unfolding collapse and tectonic transition in cataclysmic ways, to varying degrees, unless radical action is taken en mass, and immediately.

Avoidance of reality never works well as a strategy for responding to change.

 

That does not mean that all is lost. We should, along with radical efforts at social change, and serious contingency planning, also look to the road ahead: to what comes after the transition, or collapse, as the case may be – and again, it will be more one or the other depending on the nation, region and community.

Thomas Kuhn’s, The Structure of Scientific Revolutions, along with Stephen Toulmin’s Cosmopolis: The Hidden Agenda of Modernity, among other important works, beginning with Thoreau’s, Walden, mark the beginning of the end of modernism – and they mark the beginning of post-modernism and the post-modern era. (Or whatever terms we come to settle on, after the dust settles.)

If the terms post-modernism and the post-modern era have any meaning at all, it is not in that pseudo-intellectual bog that is the incoherent and self-contradictory collection of thoughts in Western “philosophy” that have taken hostage of the minds of the Western intelligentsia for the past 50 years, and which is called “post-modernism”. No, it is here, in the deeper, more lucid critique of modernism, and the pseudo-scientific, quasi-religious ideology of modernism, and the social structures, institutions, power structures and systems of modernism which are built on this castle of sand, and which have dominated the world for the past 300 years, and which are collapsing now, thankfully.

And if we are to survive as a species, we will have to hasten their demise. 

Toulmin, Kuhn, Thoreau, Gandhi, Martin Luther King Jr., Fromm, Kropotkin, Chomsky, Rifkin, Kroker, Orwell, Bookchin, Eisler, Joseph Campbell, Alan Watts, Aldous Huxley, Allan Wallace, Joanna Macy, Vandana Shiva, Margaret Atwood, Ronald Wright, Jared Diamond, Wade Davis, Mathiew Stein, David Suzuki, and Helena Norberg-Hodge, Michael Hudson, Ellen Brown, Yanis Varoufakis, Naomi Wolf, Naomi Klein, Gregory Bateson, EF Schumacher, Morris Berman, and yes, Nagarjuna, Shankara, Meister Eckhart, Lao Tzu, La Boite, Socrates and Spinoza, are a few of the guiding lights who can help lead us into the post-carbon, possibly post-collapse, post-modern era, through the 21st century and beyond, with confidence, compassion, and clarity of mind.

And we will need every source of good guidance and light we can find.

Keep calm, and let the revolution, and rebuilding, begin.

We must remember, however, that there are two extremes to be avoided. One is passivity. The other is fascism. Both are “trending now”.

JTR,

March 12, 2020

 

Importing From China: A Virus? Or A Totalitarian Model Of Elite Control?

Posted in American politics, analysis, China, civil liberties, class, collapse, common ground, communism, concentration camps, consciousness, corporate fascism, corporate rule, corporations, corporatism, corporatocracy, crisis of democracy, deep integration, democracy, democratic deficit, detention centers, disaster, economic collapse, economics, economy, elite, empire, empowerment, end-game, fascism, Feudalism, freedom, geopolitics, globalism, globalization, health, human rights, imperialism, Mussolini, neo-feudalism, police state, policy, political economy, political philosophy, political theory, politics, propaganda, psychology, sociology, Uncategorized, war on democracy, wellness with tags , , , , , , , , , , , , , , , , , , , , , on March 9, 2020 by jtoddring

Someone prescient once said, “Those who would sacrifice a little freedom for a little security, deserve neither, and will lose both.” We would do well to remember those words now.

And we are most definitely in the process of losing both, as we speak.

But maybe we aspire to be very healthy, germ-free slaves?

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A friend said to me the other day, “Do you think China has 700 million people under lockdown for no reason?!”

I replied by saying:

China has been a police state for over fifty years, at least since the start of the “Cultural Revolution” in 1966 – the Chinese government prefers lockdown, for reasons of control: any pretext will do.

The thought of China taking such drastic measures to contain this latest virus surely makes many people assume that the virus must truly be terrifically dangerous. Surely China would not take such drastic or draconian measures if it were not. But we just explained why the Chinese government prefers totalitarian control measures, under any and all circumstances – and any crisis, real or imagined, will do for creating the justification for authoritarian measures. (Disaster capitalism is a globalized game endeavour.)

The entire assumption that the danger must be real if the government response is so extreme, simply falls apart upon examination, or the slightest critical thought.

China now has 600 million security cameras for 1.2 billion people – one camera for every two people, and with ever growing, soon to be total surveillance.

China now has a system of social credits, incorporated into its social control system, which is plugged into its surveillance system, and its economy. If you spit on the sidewalk, or jaywalk, are involved in one of the thousands of protests occurring every day, or, heaven forbid, criticize the government, then, low and behold, you find that you are refused for loans, mortgages, even the purchase of a train ticket. (And Facebook is working hard to introduce a similar system for the West. Good ole’ Zuck.)

China has gone headlong, and willfully, into a very consciously totalitarian system of extreme authoritarian control. What the Chinese government does, should not be taken as a good model for our policies, responses or behaviour: China is a police state.

Not only are China’s actions frequently and utterly unacceptable in a free society; but its actions are frequently motivated, not by concern for public health, for example, but by simple control.

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What we should be more concerned about, is not the import of a few germs from China, which, so far, are much less dangerous than the flu: but the import of a totalitarian social model which would make Orwell cringe in horror.

But, then again, we in the West now have our own brand of technocracy, corporate fascism, and Orwellian oligarchy. It’s called the ECB, the Fed, the military-industrial-security complex – or simply, the corporate police state.

We needn’t import anything from China, as far as authoritarian social models go. In fact, the elite from East and West might want to swap notes. And I’m sure that Western and Eastern oligarchs have, and are, busily sharing notes.

After all, the Chinese authoritarians are our business partners now. A shared hatred for democracy and freedom, which is common, and nearly universal among the ruling classes of both East and West, simply seals the pact.

China has embraced neo-feudal corporatism. The West has embraced corporatist neo-feudalism. One is the mirror image of the other. The former has the bureaucratic elite in charge of a corporate capitalist economy; the latter has the corporate elite in charge of the bureaucratic and political-state powers. But although they have different inflections, both represent the merger of business and the state, which, as Mussolini said, is properly called corporatism, which is the proper term for fascism.

So, welcome to the Brave New World, germophobes. Wash your hands before kissing the ground before your masters, please.

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De-industrializing the Western nations, and offshoring production to China and other low-wage regions, was astronomically profitable for the Western business elite. But, it destroyed the middle class at home; destroyed and gutted domestic consumer market demand, thus destroying and hollowing out the economy, which is now ready for implosion and collapse; caused inequality and poverty to soar; has led to a growing backlash and rising social tensions, as well as right-wing pseudo-populist movements of demagoguery and scape-goating (think Trump and co, and even worse); and with the resulting social, economic and political tensions about to erupt, either into revolution, or civil war, as a result. Good plan.

This has been truly great leadership, for the past 50 years. Now, we are reaping the harvest.

Short-sighted would be one word for it. The destruction and collapse of the United States, and the entire Western world, brought on by the greed and egomania, and power-lust, of the Western business and plutocratic elite, would be a more precise and detailed description.

In any case, to import China’s model of authoritarian, Orwellian, and totalitarian social control – based on the full and active cooperation of the new tech giants, and the Western corporate and governmental powers, is, quite simply put, disastrously insane.

We are importing a dark age. And everyone is worried about a few bugs.

Smart thinking.

JTR,
March 9, 2020

The rise of Bitcoin: and the challenge to the global domination of big money

Posted in alternative, analysis, banks, capitalism, class, collapse, corporate fascism, corporate rule, corporations, corporatism, corporatocracy, crash, currency, debt, deficit, dollar crisis, economic collapse, economics, economy, Financial coup, geopolitics, globalism, globalization, money, neo-feudalism, political economy, politics, sociology, sovereignty, tipping point with tags , , , , , , , , , , , , , , , , , , , , , , on December 11, 2013 by jtoddring

The following article was written on October 25. I wanted to read it over once more before publishing it, then got busy with other things and forgot about it. In the roughly six weeks that have passed since the writing of this article, the Bitcoin prices have gone from roughly $200 to over $700. There have been fluctuations, as there are with all currencies, and particularly so since this is a new currency, but the overall trend is up, and in fact, Bitcoin is skyrocketing, as we predicted. People will say, well, it is fluctuating, as if that means that it is not stable. That is a foolish view, since all currencies fluctuate, and more importantly, because the overall trend has been to astronomical growth. What other currency do you know that increased its value twenty fold in just over a year, and then increased another 400% in less than two months? That’s right, none. If you had bought Bitcoins in November of 2012, they would have cost you $10 each, and they would now be worth almost $800 each. Can you think of any other investment or currency that performs remotely as well? This is extraordinarily rare. Those who are ahead of the curve tend to catch the best opportunities, and Bitcoin is no exception. Sociology and political-economic implications aside, which are very large and possibly quite profound, Bitcoin is giant in terms of investment and savings opportunities. From what I have seen, the analysis below still holds, and in fact is re-affirmed by the accuracy of its predictions as to the continued rise of Bitcoin, which we have seen in its nearly 400% jump in six weeks. Bitcoin has great potential, in a number of important ways, and we would be wise to look more into it.

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I first came across Bitcoin from the website of Max Keiser. Since Max seems to be the single most lucid person on the planet when it comes to global finance, I thought, this must be something worth looking into. Then last night my brother-in-law started talking to me excitedly about Bitcoin, and he is a pretty smart guy, so I thought, it is definitely time to look into this. And it turns out, it is a phenomenon that is exploding. Even the habitually staid and blinkered investment community is taking notice.

BERLIN, GERMANY - APRIL 11:  The bitcoin websi...

(Courtesy of Getty Images)

“Bitcoins are a virtual currency that can be used to pay for goods and services around the world.  To participate in the bitcoin market, one needs a digital wallet, which can be filled either by purchasing bitcoins for goods, services or currency, or by acquiring them through a complex process known as “mining.”  (Better termed, “minting”.) The bitcoins can then be used to purchase goods or services, or sold on an exchange.  While virtual currencies have traditionally been used to purchase illicit substances, like guns and drugs, they are now accepted by numerous legitimate businesses for everything from gift cards to jets and yachts.”

– Forbes

Until recently, Bitcoin was an obscure alternative currency that seems to have been used primarily for online trading, purchases and sales, among the few businesses and individuals who have decided to make use of it – anything from illegal drugs bought and sold on Silk Road, which the FBI just took down, to wine and muffins, as one Forbes columnist described it.

But now, Bitcoin is being accepted by pubs in Berlin as a form of payment. A Federal US judge in Texas has ruled that Bitcoins are a form of money – a bit slow on the uptake, but better late than never. And the giant internet company in China which is the peer of Google, has started to accept payment in Bitcoins. So the threshold has been reached. Bitcoin seems to have definitely arrived.

Businesses like Bitcoins because it saves them money. Using Visa or Amex as a means of financial exchange costs businesses 2-3% per transaction. That may not sound like much, but for a small business, and even for many large businesses, that can add up to large, painful costs. By comparison, businesses can accept Bitcoin as a method of payment, and it only costs them 1%. That is very attractive to business owners.

Bitcoin came under some negative press due to the Silk Road trade in illegal drugs using Bitcoin, and the price or exchange rate of Bitcoin compared to other currencies dropped for a time, but it has since risen. Business owners and investors seem to feel better now that Silk Road is gone and the currency is not associated with drug trade.

But really, that would be an insane reaction on the part of the public to shy away from Bitcoin because a few of the people who use it, use it to buy or sell drugs. The main currency used for the global drug trade was US dollars until recently, and it is still one of the two main currencies used for the trillion dollar a year illicit drug trade and the money laundering that goes with it, the Euro now being reportedly more popular among big time drug traffickers.

All of the big banks are involved with laundering drug money – hundreds of billions of dollars of it a year – and they handle drug money mainly in US dollars and Euros. But nobody says, I cannot use US dollars or Euros, because that is drug trade money. The irrationality comes out of ignorance and denial. Bitcoin, as far as I can see, is every bit as legitimate as US dollars, Euros or Yen, and probably more stable.

In fact, after the FBI raided Silk Road, they confiscated millions of dollars in Bitcoins. So the US government, and specifically the FBI, is now one of the biggest investors in Bitcoin, holding roughly five percent of the global currency. Strange bedfellows indeed.

But governments and the big banks do not tend to like Bitcoin (despite the fact that the FBI is holding billions of dollars in Bitcoins) because it threatens their control of the global financial system. So the backlash is on. However, if government and the big banks are attacking Bitcoin, then we can reasonably guess that it is because it threatens their power, and for that reason, Bitcoin may really have the potential to liberate the people from the money masters who now rule the world, or at least help in that endeavour.

“Bitcoin, an enticingly anonymous “cryptocurrency” designed to wrest the international currency system from the hands of central bankers…must face a force far larger and immensely more powerful than mere lobbyists. The status quo that cryptocurrencies threaten is the international monetary system. Its opponents are therefore the current custodians of that system — namely the governments of the world. Bitcoin was never subtle about the challenge it posed. The very first sentence of the abstract in Nakamoto’s 2008 paper promised to “allow online payments to be sent directly from one party to another without going through a financial institution.” The paper then described a way to originate — that is to “mine,” or perhaps more accurately to “mint” — Bitcoins. Yet history teaches that sovereigns of all stripes guard two prerogatives with particular zeal: the right to wage war and the right to mint currency. Bitcoin thus explicitly threatened one of the two fundamental, defining powers of government.”

– Bruce Abramson, Forbes

What Abramson failed to mention, in his otherwise excellent article, was that the Federal Reserve is not part of the US government. It is a private bank, controlled by the Wall Street and London banking elite. In fact, the majority of central banks in the world are private. That means that the banking elite control the printing of money, and not the people, through a publicly owned central bank, run and overseen by a democratically elected government.

The founding fathers of the United States felt so strongly about keeping control of the printing of money in the hands of the people, and not private banking elites, that they wrote it into the Constitution that no one shall have the power to print money other than Congress.

The banking elite tried to get the central bank of the US privatized early on. Thomas Jefferson fought them and defeated them. Abraham Lincoln fought them and defeated them, and some have felt that he was assassinated for that reason. Andrew Jackson fought them and defeated them, and also took a bullet for it, but lived. He even had it written on his tombstone: “I killed the bank.”

Then, as the History Channel and others have recounted the story, The Money Masters, the most powerful business elites in the US, met together on Jeckyl Island, and hatched the plan to finally succeed in gaining control over the money supply. Woodrow Wilson was duped into going along with it, and in 1917 signed into law the Federal Reserve Act, which created the private central bank which became known as the Federal Reserve. Woodrow Wilson later came to profoundly regret his error, and said that he had effectively destroyed his country without knowing it.

Now the control of the money supply and the right to print money is in the hands of the banking elite – and whoever controls the money, effectively controls the nation – or, by now, the world.

It used to be the case that “He who holds the gold makes the rules.” But after the US unilaterally abolished the gold standard, things have changed. Now the fact of the matter is this: he who controls the printing of money rules the world. And that makes the banks very happy. It should make the rest of us shudder.

As US President James Garfield said, “He who controls the money supply controls the nation.”

Or as one of the members of the leading banking elite family dynasties in the world, Mayer Amschel Rothschild said, “Give me control of a nations money and I care not who makes the laws.”

Or as the former Prime Minister of Canada, William Lyon Mackenzie King said, “Once a nation parts with the control of its currency and credit, it matters not who makes that nation’s laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile.”

Reclaiming control over the money we use to buy and sell and trade, is therefore of supreme importance. Bitcoin may indeed become a part of the answer to that central and critical task.

The more central task is for the people to reclaim their governments and their democracy, and having done that, to restore the power to print money to the hands of the people, through a public central bank, owned and governed by the people through their elected representatives in Congress or Parliament. All talk of social change, justice, democracy or freedom is both idle and futile until and unless this is recognized and acted upon.

But let’s have some more history and information on Bitcoin before we consider such monumental changes to our world, and the potential liberation of human beings from the banking elite who now dominate the planet and effectively rule the earth. (See the Swiss systems analysis study, which I have written about earlier, and which confirmed that a handful of corporations, mainly banks, effectively dominate the entire world economy, if there is any doubt as to the accuracy of such a statement.)

The alternative currency known as Bitcoin has seen its price rise from $10 per Bitcoin in November 2012, to over $200 in less than a year. While other currencies are highly unstable for a number of reasons – including the US dollar, the Euro, the British Pound, and also the Canadian dollar, which is foolishly tied far too closely to the US dollar and the US economy – Bitcoin may prove to be much more stable. It does not compare to gold or silver for stability, but it may prove to be a safer bet than the paper money which the global economy now floats on, which is a bubble that is about to soon burst.

(see my previous articles on the rise and fall of the petrodollar, the global economic crisis, and one that I think was titled, Stock broker shocks BBC reporter, saying, The collapse is coming, and Goldman Sachs rules the world.) 

I have only begun to look into Bitcoin, but it certainly seems to show some promise, and definitely warrants further investigation, for anyone who does not want to see their bank account or their money go up in puff of smoke when the paper currencies fall, as they most assuredly will.

(See Max Keiser and Gerald Cenente for more on this.)

What we definitely need is an alternative currency which is stable and can be used for savings, purchases, sales and trade at the local level, nationally and also internationally. The presently ruling paper currencies are simply unstable and unreliable, as anyone knows who has looked into the subject in any depth. Gold and silver are stable and hold their value well, but it would be far more convenient to trade in an electronic currency than in gold or silver coins. Bitcoin just might provide a much needed, and in fact, an urgently needed solution.

Until and unless national governments, or local communities, create stable currencies which are not pure fiction, and which have more value than the paper they are not printed on, we need an alternative currency. And probably even after governments get their financial acts together, alternative currencies will remain important, as a safeguard. Do not put all your eggs in one basket.

The US dollar is definitely going to crash, and when it does, it will bring down virtually all other currencies in a cascading collapse, because all of the central banks of the world are chocked to the gills with US dollars as reserves. The shell game of moving money from one currency to another will not save us, nor will it last much longer.

This all seems inconceivable to most people, and cryptic as well as unbelievable. But it is easily understood. A fourth grader can understand it, if it is explained in simple terms and the official jargon and doublespeak is stripped away.

Look at what happened in the Weimar Republic. The German government was in debt, and started printing money at an accelerating pace to pay the debt, until finally, the value of the currency collapsed, and you literally had to take a wheelbarrow of money to the store to buy a loaf of bread. That is what is coming. Your money will soon be worthless.

The over-printing of money always devalues and ultimately destroys a currency. And that is exactly what the US Federal Reserve and the other major central banks are doing. As Max Keiser said, the paper money apocalypse is coming. And as Gerald Celente has said, it will mean a greater depression than the Great Depression.

To give the Fed some credit, they simply have no choice, or so they believe, but to continue to dump billions of dollars a month into the economy – namely, by flying a helicopter over Wall Street and shoveling money out the door: dumping billions of dollars a day into the biggest banks to keep them afloat, and in the process, keeping afloat the deceitful and dishonest ideology of trickle-down economics. (Trickle-down should really be called trickle-on: the money goes to the rich, and the poor and middle class never see it – they just get yellow rain.)

The Fed seems to believe they have no choice but to do what they are doing, because if they stopped dumping money into the economy, the economy would collapse. And they are right. They could give billions a day to home-owners and citizens, and stimulate the economy that way, but they choose to give it to themselves – the banking elite. But one way or another, they have to keep pumping money into the economy to keep it from collapsing.

But – and here is the catch – by pumping money into the economy, they have to first have money from somewhere to put into it, and as they lack that – or at least, they are unwilling to use their own multi-trillion dollar private assets which sit in offshore accounts – they have to resort to printing money out of thin air. And when you print money out of thin air, you devalue the currency. So the Fed is printing money like there is no tomorrow, in order to prop up the economy and keep it from collapsing, but in doing so, they are devaluing the currency, which is guaranteeing that the currency will collapse. By trying to stave off a major market readjustment, meaning, an economic collapse and a depression, they are guaranteeing that when the collapse does come, it will be utterly severe and simply catastrophic in its impact.

They know this perfectly well. They know full well that their wild printing of money is going to cause the dollar, sooner or later, to be devalued, and to collapse, as holders of US dollars and Treasury Bonds lose confidence in the currency, for obvious reasons, and begin to divest themselves of this worthless paper.

The sell off which will ensue as the world flees the sinking US dollar will mean the dollar will become worth only one or two percent of its present value. This is exactly what happened in the Wiemar Republic, when precisely the same pattern of over-printing money brought on radical devaluation of the currency, and the German Mark became worth only one one-thousandth of its former value, and hyper-inflation set in.

Of course, when a depression hits, the financial and business elite have an orgy of looting and a feeding frenzy, buying up real estate, businesses, factories, farms, homes and other assets at fire sale prices, so they are perfectly happy with this result.

The banking elite love disaster – they feed off of it. So do not think the Fed or the rest of the banking elite are going to protect you from an economic collapse. They are the ones bringing it on, and they are the ones who are going to benefit astronomically from it when it comes.

Ben Bernanke said of the last Great Depression, and the role of the Fed and the private banking elite who control it, in that Depression, “We did it.” The banking elite who control the Federal Reserve and the money supply created a credit bubble by flooding the country with cheap money and credit, then they pulled the plug and burst the bubble, by contracting credit and cutting off the money supply. The result was the Great Depression. Massive human suffering was created across the Western world, but the super-rich got even richer, so they won, while everyone else lost.

We should take a lesson from history, and not allow the money masters, or “the monied aristocracy”, as Thomas Jefferson called the banking elite, to do this again. But I am afraid that the people are not yet sufficiently awake, or awake in sizable enough numbers, to reclaim their power before the manufactured disaster is upon them; therefore, I would say that the collapse will not likely be avoided, and that it is a virtual fact, due to the passivity of the people themselves.

 

The paper money we rely on is going to fail us. You can be sure of that. We had better start thinking about what we would do if our paper money becomes worthless, because it is going to.

Gold and silver are the smartest places to put your money, next to land you can garden on, and mortgage-free, rent-free accommodation. But Bitcoin may well be the next best place to diversify savings, and not have them disappear.

There are other alternative currencies, such as LETS, Ithaca Dollars, Toronto Dollars, etc, and they definitely merit attention as well. Most of them are strictly local currencies however, and they probably will need a secondary currency of some form for inter-community, national and international trade, even if they ever do become the main currency in use in a given town, city, county or region. Again, Bitcoin may bridge that gap. 

But again, I am new to the phenomenon, so while the need for a stable alternative currency is real and great, even urgent, whether or not Bitcoin fits the bill is something I am not yet sure of. Do your own research, would be my recommendation. It is my recommendation for every topic, in any case.

In sum, the importance of Bitcoin, if it really does prove to be a stable currency, is that it is stable, while all others – with the exception of gold and silver – are not. That means that it may prove to be a safe haven, and a way that we can continue to buy and sell and trade goods and services – to get paid for our labour and to buy things we need – after the paper money collapses.

It is definitely strongly advisable to shift money from paper money to land, tools, solar panels, wind power, seeds and garden tools, and secondarily, into gold and silver. It may be very smart to look more into Bitcoin as well, and I would say it would be wise to invest in Bitcoins as well.

Two new phenomena may end up transforming the world of banking, money and finance, and they are crowd-sourced funding and Bitcoin. The former is a definite strong contender as a catalyst for serious, major social change. Bitcoin my turn out to be the sister element to a whole new global economy, but again, I would have to look into it much more to say that with any confidence. Right now, it seems to be just a possibility – one scenario among many that could unfold in the near future.

As Forbes said, “Smart money always bets on government in the short term and technology in the long term.” The government seems too big to fail, but we know from history that governments can and do fail, and their currencies and economies as well. Look at France in the late 18th century: the government was in serious debt, and the Treasury finally went bust – that was the trigger which brought on the French Revolution. In Germany under the Wiemar Republic, the government failed utterly, the currency collapsed, and instead of a popular revolution, the German people and the world got fascism and the Nazis. So things can go either way when governments, currencies or economies collapse – a liberating revolution may ensue, or we may end up with tyranny and fascism, depending on how the people react. But what is certain, however it unfolds and whatever follows, is that collapse can and does happen. And it is coming.

Whatever you do, take your money out of banks, put it in credit unions and co-op banks, or better, in a safe – and divest yourself completely of your paper money, keeping only as much as you need for liquidity, and daily or monthly purchases, and putting the rest into something safe: like land, tools, silver and gold, and maybe Bitcoins as a minor element as well.

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What is the significance of Bitcoin?

Security, Investment, and Revolution

 

Bitcoin seems to me to have three major points of significance as a social phenomenon. First, it offers people increased material security. The paper currencies which now dominate the global economy and which people rely on to buy their daily bread and whatever else they may want or need and can afford, if they can afford it, are simply unstable. In fact, with the currency wars that are being waged now, currencies are being systematically devalued, which means the purchasing power of paper money, or fiat currency, as it is properly called, is shrinking, prices are rising in relation to purchasing power, which is called inflation, of course; and worst of all, with the fiat money paper currencies being systematically devalued, they are guaranteed to collapse, and soon. Bitcoins are not subject to such radical devaluation or collapse, because they are in limited supply, unlike the paper money which is being printed in the trillions of dollars. So Bitcoins can be used as a safe place to store money when virtually all other forms of investment and all paper monies are extremely unstable and heading for collapse. That is the first significance of Bitcoin – it provides increased financial and material, economic security for people who are smart enough, or have enough foresight, to make use of it.

Secondly, Bitcoin offers investment opportunity. Bitcoin’s value has risen 200% over the past year. The New York Stock Exchange is at an all-time low in relation to Bitcoin. While the paper money of fiat currencies approach collapse, and the global economy approaches collapse, meaning most investments and also savings will be wiped out, Bitcoin remains strong and continues to rise in value, along with gold and silver. Bitcoins were trading at a price of just over $10 in November of 2012. As of this October they are selling for over $200. [As noted, this figure is as of October 25, 2013, when this article was written. When the article was reviewed by the author on December 10, 2013, the value of Bitcoins had risen to nearly $800.] With a limited supply of Bitcoins and falling values of paper money currencies, the price of Bitcoins is likely to rise to over $1,000.

Remember that I advised people to invest in gold and silver in 2006, when I warned that an economic collapse was coming – predicting the global financial crisis of 2007-2008, while virtually everyone was saying that things are just rosy. Silver and gold have doubled and tripled their value since then, respectively, and of course, the severe global economic crisis that I predicted did hit, and hit severely. So when I say, buy Bitcoins, and buy gold and silver, there is a proven track record of accurate predictions to back that up. This is not coming out of thin air.

Thirdly, Bitcoin may prove to be truly revolutionary. That word is wildy over-used, and used to puff and promote and hype everything from toothpaste to toilet paper, but in this case, it just may apply. We will see. Bitcoin certainly has the potential to challenge the global dominance of the banking elite in their world hegemony over the global economy and monetary system. If enough people start to use Bitcoin, then it could empower the people, while reducing the excessive powers of the global financial elite; and this, in combination with other grassroots political and economic actions, could actually bring about a much-needed revolution. Bitcoin could be one more powerful tool which the people have, with which to reclaim their power, and to dethrone the bankers and other business elites who have essentially taken over the global economy as well as the political parties, governments, media and nations of the world.

Can Bitcoin be stopped? The banking and corporate elite, and their henchmen in government certainly would like to stop it, since it threatens their power, their global dominance and their astronomically high profits, but I don’t see how it can be stopped. Bitcoin, like the internet, has no single focal point, but rather it is distributed and decentralized. The internet was built by the Pentagon’s Defence Advanced Research Projects Agency, or DARPA, to be a fail-safe that could not be destroyed, by reason that if one node goes down, data would flow through another route, as Max Keiser has also described. Being based on the internet and being decentralized, Bitcoin is the same. The only way Bitcoin could be stopped, Max said, would be to shut down the entire internet – but even then, Bitcoin could work offline, on thumb drives. So Bitcoin appears to be unstoppable. And it is exploding in growth, with people using it every day all around the world.

Whether or not Bitcoin helps to spark a revolution, it certainly tips the scales back in favour of the people, and away from the global business elite, and that is most definitely a good thing. It is one more way that the people can empower themselves.

And in the process, it can also give people more economic security and improved material well-being, and in these uncertain and difficult times, that is also a very good thing.

J. Todd Ring,
October 25, 2013

 

Forbes has some interesting articles on Bitcoin here:

http://www.forbes.com/sites/kashmirhill/2013/10/23/five-possible-reasons-for-bitcoins-most-recent-surge/

http://www.forbes.com/sites/davidthier/2013/10/24/why-this-entrepeneur-thinks-bitcoins-are-here-to-stay/

http://www.forbes.com/sites/realspin/2013/10/08/the-bitcoin-backlash-is-underlay-by-a-quivering-status-quo/ 

But don’t take Forbes word as gospel, of course. Far better, listen to what Max Keiser has to say about Bitcoin – the man who has the most-watched financial analysis TV show on the planet, the most widely trusted financial analyst in the world, the insider’s insider who wrote the software for the New York Stock Exchange, and probably the person who understands the global financial system better than anyone alive.

Max Keiser on Bitcoin Currency | Interview with Max Keiser

Is Bitcoin money? – Max Keiser
http://www.huffingtonpost.com/max-keiser/is-bitcoin-money_b_2849031.html

 

 

 

Rising prices, falling wages, and the emerging economic trends: Currency wars, hyper-inflation, currency devaluation, and how to prepare for the coming storm

Posted in economic collapse, economics, economy with tags , , , , , , , on February 22, 2013 by jtoddring

120% of the wealth created since the economic crisis began in 2007 has gone to the top 1% – meaning, the bottom 99% have fallen and have lost real income to the richest 1%. (Turn off “the news” and watch the Keiser Report for the real facts, or see Gerald Celente or Michael Hudson.)

20% of homes in Detroit now have no indoor plumbing, and 19% of Americans now rely on food stamps to eat – up from 14% in 2006. This is a recovery? No, the bottom 99% are sinking while the richest 1% get more and more wealthy.

Again, 120% of all wealth creation since 2007 has gone to the richest 1% – meaning the other 99% actually lost ground and lost wealth – to the top 1%. The figures are clear. The 1% are eating the rest of us alive. It is that simple and that stark. And the politicians are aiding and abetting the feeding frenzy of the wealthy few upon the many. How much longer are people going to put up with this?

Prices have fallen over the past decades, leading to a flood of cheap food and consumer goods, which has masked the fact that wages and incomes for most people have stayed flat or fallen; but that trend is now reversing, and prices are now rising – and unless there is a revolution, don’t expect wages to rise in North America or Europe to compensate for the price increases: they have been falling and will continue to fall as the top 1% pushes the 99% further down.

Given the trends, it would be wise to stock up on tools, seeds (non-hybridized, non-GMO heritage seeds), solar panels and used clothes now, before hyper-inflation and currency devaluation kick into overdrive – as they are about to do – and purchasing power plummets while prices soar.

Oh, and buy gold and silver, of course, as well as land for a garden if you can, and some form of shelter that you own outright, and do not rent or have a mortgage on.

The “fix the debt” and “balance the budget” propaganda is just that – propaganda. There is a real debt crisis, to be sure, but it’s not caused by spending on social programs, such as old age security, help for the poor, or education: it’s caused by massive spending on the war machine, the military-industrial-security complex, along with banker bailouts totalling trillions, corporate tax cuts and massive subsidies to the already super-rich and the corporate giants. Nevertheless, while the debt issue is being used to foist austerity measures on the people, while the richest 0.01% continue to feed voraciously off the government purse and the other 99.99%, the bursting of the debt bubble is definitely going to happen. It will simply happen for the opposite reasons of what the people are being told.

Personal debt and government debt have been inflated to unsupportable and extreme levels. Worse yet, printing trillions of dollars in paper money to “stimulate the economy” (by giving it to the banking elite) guarantees the devaluation of the currency and its eventual collapse– and Europe, Britain, the US, China and Japan are all doing it, with unrelenting zeal.

Printing great mountains of paper money is, in essence, creating a credit and debt bubble – or further inflating it – because all paper money is, is a promissory note: a note of a promise to pay in the future; and you can only inflate a credit and debt bubble for so long, before it bursts. You can only print so much money, or print so many promissory notes, before your promises and your money become worthless. Printing money to pay your debts is what the Weimar Republic did – and that worked well. The currency collapsed, and it took a wheelbarrow of money to buy a loaf of bread, as the German mark lost 99.9% of its value. The wheelbarrow was worth more than the money in it, which had become essentially worthless.

There will be a time of reckoning, and a time of radical devaluation of currency is fast approaching, as the market can only be manipulated for so long, before it finally corrects itself – and in this case, in a massive, tectonic shift, otherwise known as a depression; or as Gerald Celente calls it, The Greater Depression, since it will in all likelihood dwarf that last Great Depression.

The entire credit and debt bubble is about to burst, and when it does, the bond market and the fiat currencies will collapse – and when that happens, the poorest 99% will be hit severely hard, as a global economic depression hits, and paper money becomes radically devalued and virtually worthless.

The Shoot-Out at the OK Currency War Corral is on, by the way, as Stacey Herbert, Max Keiser and others have said – and now everybody wants to devalue their currency! Smart! A race to the bottom! How so very intelligent! Print it, glut it, quantitatively ease it, flood it! Churn and burn until it collapses! And the global currency war is heating up. Blam, blam! Who ends up gunned down? Everyone holding mere paper money (such as the G7, and also, the vast majority of the people) – not the ones holding gold and other real, hard assets (Russia and China, and a handful of people who are paying attention to what is going on).

Just some thoughts to pass along to the general world… Hopefully they will be heard by some. Tools, solar panels, a garden, a root cellar, a woodstove and a woodlot will be infinitely more valuable than a new X Box, cell phone or wardrobe very shortly – and many people will be blind-sided and completely unprepared. Kind of like walking out in front of a bus, lost in absorption on your phone, playing a video game or reading facebook posts or surfing the virtual world while the real world races toward you and is about to splatter you across the street – to put it in a perhaps compelling visual metaphor. Perhaps.

But the majority of people are clinging to their illusions still, and that bubble is about to burst – and painfully so for those who have insisted on maintaining their cozy state of denial; and I fear for them.

Remember, if this scenario sounds unlikely, that I predicted the crash of 2007 while virtually everyone was saying things are just rosy. A much bigger economic tsunami is coming folks. We have only felt the first tremors. And as Gerald Celente has said, those who are prepared will do well; while most of those who do not prepared will be wiped out.

Just sayin’. This is a head’s up for all those who would rather live in the real world, and not in a bubble of fantasy. I’m sure there are at least a few out there. Good luck and God bless.

For those who are brave enough to deal with reality, please note also: many people are going to need help. If the more alert among us make the effort to cut their costs and prepare well for the coming difficulties, they will not only be better able to help themselves, but others as well.

Preparation, compassion and mutual aid always make sense – and now more than ever.

J. Todd Ring,
February 21, 2013

Occupy Wall Street: The emerging global pro-democracy movement, where it stands, what it means, and where we go from here

Posted in activism, alternative, alternatives, analysis, civil liberties, class, common ground, consciousness, conservative, conservatives, constitution, corporate fascism, corporate rule, corporations, corporatism, corporatocracy, crisis of democracy, currency, democracy, democratic deficit, ecological crisis, ecology, economic collapse, economics, economy, elite, empire, empowerment, end-game, environment, fascism, fascist, Feudalism, freedom, geopolitics, globalism, globalization, human rights, imperialism, inspiration, labour, left, liberal, libertarian, libertarianism, Media, media analysis, money, must-read, oil, peace, people's movements, police state, policy, political economy, political theory, politics, politics of oil, psychology, resources, right, right wing, social theory, sociology, sovereignty, sustainability, the right, the world's other superpower, Uncategorized, war, war on democracy with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on October 19, 2011 by jtoddring

The Occupy Wall Street movement, which has already become a global grassroots populist pro-democracy movement, if we have eyes to see, has clearly already won a broad and growing base of support. What is needed now, I believe, is to further clarify and crystallize the issues – and I would say that many people now realize that the central issue is the question of whether we live in a plutocracy or a democracy, whether we have rule of the people, by the people, for the people, or rule by the super-rich 1% and the corporate elite. The second urgent task is to further broaden and build the emerging world-wide pro-democracy movement, and create a popular coalition that can reclaim democracy from the ruling corporate masters who are looting and pillaging at will, and who have usurped far too much power, politically, economically, and in the media. To this second aim, this brief reflection is geared. Unite the people now.

The Occupy Wall Street movement, or more accurately, the fast-growing global pro-democracy movement, has broad support from progressives, the left and labour, considerable support from students, youth, the environmental and peace movements and the liberal centre, and also, although it may be surprising to some, considerable support from the grassroots right.

What many do not understand is that the grassroots right is increasingly wary of and outraged by the same ruling corporate elite that the left has fought against for generations. A growing number of people who consider themselves conservatives are now highly aware that big business and the super-rich have taken over the political process as well as the economy and the media. They are not happy about this fact, to say the least.

There is common ground here, between left and right, liberal, conservative and progressive, and we should not be fooled by the corporate-dominated and corporate-owned media who always want to spin and sow division among the people. The power-hungry have always known that divide and conquer is the best and first line of defence of their vested interests and imperial powers. We should not be surprised when the corporate-run media both inflames and also inflates and exaggerates the divisions which do exist, and severely downplays the common ground that could unite the people. When the people unite, democracy will rule, and the ruling elite will be deposed from power – the elite know this very well, and therefore do everything they can to sow division and discord among the people. Do not let them win!

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At the level of the grassroots, many people are fiscal conservatives, and many fiscal conservatives realize that spending $1.5 trillion a year on imperial wars, the military-industrial complex and CIA black ops – and this is the figure that has been acknowledged by the U.S. government, by the way – is completely unsustainable, and is in fact, economic suicide. While there are major differences of opinion and views between right and left, there is also strong common ground – common ground that is routinely overlooked, and that is vital that we acknowledge and come to realize. Many fiscal conservatives realize that the vast sums spent on war and empire are leading to a collapse of the currency and a bankrupting of the nation. Many also realize that it is the vested interests of the corporate elite – the big oil companies and military-industrial contractors, for example – that drive the wars and the imperial hubris and sheer insanity.

The grassroots right and conservatives are not as out to lunch as most liberals, progressives and people on the left tend to believe. Neither right nor left has a monopoly on truth, on intelligence, or on moral high ground. The sooner we realize that none of us are infallible, that we can learn from one another, and most importantly, that we have a strong basis of unity in common ground, the better.

If the left and progressives and liberals can get over their long-standing self-righteousness and presumed superior moral high ground and intelligence, they will find that they have allies in surprising places. If the right will overcome their habitual paranoia and rabid, overly zealous partisan hatred and hostility toward the left, and realize that the vast majority of people on the left today are neither Stalinists nor statist authoritarians, they too will realize that they have allies in surprising places. We need to realize this now: there is common ground; and unless we find it, we are all in for a very dark time ahead. Divided we will fall – make no mistake about it.

The right and the left may forever disagree, and disagree strongly, on many major issues; but when it comes to the core issues, the most central and fundamental of issues, most people on both right and left are in favour of constitutional democracy, limited powers of the state, civil liberties, freedom and authentic democracy, and are opposed to any form of elite rule. This fact, and this common ground, is critically important for us all to realize now.

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On another line, many on the grassroots right and many who would call themselves conservatives, are libertarians. Traditionally, libertarianism has been a term that has been co-opted by the libertarian right. The libertarian right has traditionally been wary – rightly so – of excessive powers of the state; and it has also traditionally been laissez-faire, or willfully ignorant, as to the dangers of excessive powers in the economic realm. But this has been changing over the past two to three decades, and libertarians that were or are conservatives or rightist, have begun to realize what Thomas Jefferson knew very well two hundred years ago: excessive concentrations of either economic or political powers will result in tyranny.

A growing number of libertarians are now highly aware that in order to preserve constitutional democracy, civil liberties and freedom, the corporate elite must be pushed back, and firmly reigned in. Again, there is a good deal of common ground here between conservatives, liberals, progressives, right and left now, at least at the level of the grassroots.

Of course most politicians are partisan zealots: they have to uphold the charade that they represent widely differing views between widely differing political parties, and to mask the fact that both of the major political parties in the U.S., and most of the major political parties around the world, are bought and paid for by the same ruling corporate elite.  As George Carlin put it, “The politicians are there to give you the illusion that you have a choice. You don’t have a choice – you have owners. They own you. It’s a big club folks – and you ain’t in it. You and I are not in the club. And by the way, it’s the same club they use to beat you over the head with every god-damn day, telling you what to think, what to believe.”

We are presented with a false set of choices, and asked to choose between corporate lap dogs A, B, or C. More and more, the people are aware that this is no choice at all, and that the entire system is failing us, and has been co-opted, high-jacked, by the same 1% who control and dominate the global economy and the major media, and are pillaging the earth and the people.

It is time for the people to fully see through the smoke screen, to recognize that the central question at hand is whether we have a plutocracy in which the richest 1% rule over the rest, or whether we have government of the people, by the people, for the people, and to reclaim our democracy, our lives, our world and our future.

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Environmentalists are coming to realize that there will be no serious action to protect our environment or save our collective asses until and unless we depose the ruling corporate powers from their dominance over the political process, the economy and the media – that is, until we the people take the power back and reclaim our democracy and our future.

The progressives and the left generally realize that there will be no justice and no authentic democracy until and unless the people reclaim their power, take back their democracy, and push the corporate elite to the side, reigning them in and allowing decisions to be made, as they should and must, by the people, and not by the super-rich.

The labour movement is coming to realize that perpetual rear-guard action is necessary, but entirely insufficient to create a just and equitable society – that the goals of jobs, decent working conditions and pay, and a decent life for all, are impossible to attain until and unless the people reclaim their power and their democracy from the corporate elite who have usurped these.

The peace movement is beginning to realize that imperial warfare will never end until the military-industrial complex and the big oil companies, and more broadly, the reigning corporate elite, are deposed from power, and the people reclaim their democracy.

The traditionally wishy-washy and banal centre is coming to realize that the middle class dream of a peaceful, reasonably just, free and democratic society in which they and their children can do well and prosper, is a dream that is systematically being destroyed, that the middle class is being eviscerated and is falling into the underclass, and that these goals and values briefly exposited above are by now an impossibility until and unless the people say no to the corporate giants and the financial elite who have overstepped their bounds and come to dominate the entire political process, the economy and the planet. The habitually somnambulent and deferential centre is beginning to awaken.

This is already a broad coalition of interests, people and movements, and it will be even broader when the grassroots left, right and centre realize that they have a common foe: and that is the super-rich 1% and the corporate elite who are destroying democracy, civil liberties, constitutional rights and freedoms, waging unending, murderous and economically bankrupting imperial wars, and endangering all our lives and futures by continuing to disregard the environment in the pursuit of short-term profits and rape and pillage economics.

On the right, there may be 10-20% of the population that is authoritarian and quasi- if not wholly fascist. On the left, there may be 10-20% that is naively, cynically or stubbornly elitist and authoritarian. The 60-80% of the people who are in between these two extremes of right and left prefer and strongly are in favour of constitutional democracy and the rule by the people – and opposed to rule by any kind of elite. This is the majority which we must now unite, and this majority which supports constitutional democracy and is opposed to any form of elite rule, spans both the left and right, liberals, conservatives and progressives. We can and must unite the majority now, and reclaim our democracy from the plutocrats and the – frankly speaking, and to put it plainly – crypto-fascists.

Act now. The time is late. And the time has come for a change.

Unite the people. It is time for the people to take back their democracy and to renew the world.

JTR,
October 19, 2011

The struggle is not between left and right – it’s between democracy and corporatism

Posted in activism, AFA, AFC, alternative, alternatives, American Freedom Agenda, American Freedom Campaign, American politics, analysis, banks, Barack Obama, civil liberties, class, collapse, common ground, consciousness, conservative, constitution, corporate fascism, corporate rule, corporations, corporatism, corporatocracy, crisis of democracy, crisis of legitimacy, democracy, Democrat, democratic deficit, Democratic Party, economic collapse, economics, economy, elite, empire, empowerment, end-game, fascism, fascist, freedom, geopolitics, globalism, globalization, imperialism, inspiration, left, liberal, money, national democracies, neoconservatism, neoliberalism, Obama, Patrot Act, peace, people's movements, police state, policy, political economy, political philosophy, political theory, politics, social theory, sovereignty, sustainability, the right, Uncategorized, war, war on democracy with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on October 6, 2011 by jtoddring

We must unite the people now, or the people and democracy both will lose

Not only are partisan loyalties and divisions increasingly irrelevant and out-moded, but divisions along ideological lines of left and right are also outmoded and largely obsolete. The major parties function as rubber-stamp agencies, spin doctors and propagandists for the same ruling corporate elite, as the majority of people are now very aware. Romney and Obama, the Republicans and the Democrats represent two wings of the same corporate-run machine. Obama’s record is clear. I cannot possibly support him. Handing billions to banking elites, pushing for immunity for banking elites, expanding war overseas, refusing to challenge the Patriot Act, supporting torture, renditions, the continued destruction of civil liberties…How much evil is too much to be considered acceptable as the lesser of two evils? He is not remotely supportable in good conscience. Supporting a lesser of two evils is no longer tenable or conscionable, if it ever was. But to return to the central point, partisan zealotry and ideological fixations hinder us, and obstruct the way forward. Likewise, ideological factions and ideological partisanship and divisions will only impede us from the task at hand. The task is to unite the people so that they can reclaim their democracy and their future. If we fail to understand this most crucial point, then we have lost before we have begun, and nothing of significance will be accomplished, save for the familiar chanting of “We’re in the right! You’re wrong! (Or evil, or stupid, etc.)” – while the world and our future continues to burn. On this most central point we must be perfectly clear, or we will see no change for the better, but only a continued accelerating slide into a dark age of neo-feudal corporatism, the complete and final destruction of democracy and human rights, further environmentally suicidal behaviour, and a two-tiered society of corporate rulers and pillaged underclass.

The wealthiest 1% of the population now controls more than 30% of the wealth of America – more than the bottom 50% of the people. The biggest six banks on Wall Street now control 60% of the wealth of the country. The people are being pillaged and looted. They must defend themselves and reclaim their future and their country.

We must stand now to reclaim our democracy. And standing we are. The central question now is not whether we are left or right, Democrats or Republicans, liberals, conservatives or progressives, but whether we are populist democrats, standing up for rule of the people, by the people, for the people, or whether we prefer a corporatocracy in which the richest 1% rules over the rest, and democracy and justice, the prosperity and well-being of the other 99%, the environment, human rights, our civil liberties and our future are systematically destroyed.

The old battle lines of right and left are no longer as relevant today as they once were. The primary struggle is not between right and left, but between the vast majority of the people who support and favour constitutional democracy, be they liberal, conservative or progressive, and the ruling corporate elite and super-rich one percent who have usurped far too much power, and have come to dominate the economy, the media and the political process. What is needed is for the people to reclaim their power and their democracy. In order for that to be achieved, it is absolutely necessary that the people unite.

Everyone who favours constitutional democracy over rule by the corporate elite, or any kind of elite, must unite now, in order that democracy can be reclaimed by the people. Once the people have reclaimed their democracy, then we can discuss and debate everything under the sun, democratically, and go from there. Until we have reclaimed our democracy from the corporate elite who now dominate economy, the media and the political process, the point is moot, for we are stone-walled.

If we wish for justice, for peace, for environmental sanity, for human rights and constitutionally protected civil liberties, or for prosperity and well-being for all, then we must above all, and before anything else, reclaim our democracy: and in order to do that, the people will have to unite.

What has been said before is entirely and extremely relevant now: “We must all hang together, or assuredly, we shall all hang separately. United we stand, divided we fall.” (Benjamin Franklin) If the people do not unite, they will be unable to reclaim their democracy from the corporate elite who have usurped it; and if the people do not reclaim their democracy, then there will be an even darker time ahead for the people and for the world. These are the simple facts which we now face.

It`s time for us to reclaim our democracy. Unite the people now.

JTR,
October 6, 2011

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