- We all know the rich are getting richer, and the super-rich are getting super-richer. This reality is illustrated in the chart of income gains, the vast majority of which have flowed to the top .01%–not the top 1%, or the top .1% — to the very tippy top of the wealth-power pyramid:
- Though all sorts of reasons have been offered to explain this trend–I’ve described the mechanisms of financialization here for years–two that don’t attract much mainstream media attention are money laundering and control fraud, i.e. changing the rules of what’s legal so what was illegal yesterday is legal today–presto-magico, illegally skimmed wealth is now “legal.”
- Correspondent JD recently submitted an excellent summary of the progression from Money Laundering 1.0 to Money Laundering 2.0:
- Money laundering 1.0 is making dirty money legal, control fraud is manipulating the ‘legal’ options, and money laundering 2.0 is making sure that ‘legal’ fortunes are not taxed and cannot be clawed back.”
Read more at:The Hidden-in-Plain-Sight Mechanism of the Super-Wealthy: Money-Laundering 2
- We understand that there is a concerted and deliberate effort by the establishment to undermine individual rights and constitutional protections.
We understand that there is a coordinated effort by international financiers to destabilize our economy and siphon wealth from the middle class until it shrivels up and dies.
We understand that there is an organized plan to radicalize the public along ideological lines and pit them against each other.
We understand that geopolitics and regional wars are exploited to distract us from underlying issues.
There is not very much debate over these realities; the evidence is overwhelming.
- However, there is constant disagreement among activists on solutions to these problems, and there are several reasons why this conflict persists.
- Let’s examine them…
Read more at:‘How To Defeat Tyranny: “No Shortcuts… No Secret Weapon… Only Indomitable Spirit”
- Demonization is the first step toward making something illegal. Over the past couple of months, Bitcoin and other cryptocurrencies have experienced a tremendous surge in popularity. Personally, I was completely floored the other day when my nephew wanted to ask me questions about investing in Bitcoin. It seems like the whole world is getting caught up in the cryptocurrency revolution, and needless to say, the powers that be cannot be thrilled about this. Independently-controlled cryptocurrencies represent an existential threat to the global debt-based central banking system that we have today, and so the elite have a very strong incentive to bring about the demise of Bitcoin and other emerging cryptocurrencies.
- So it is no surprise that one of the key mouthpieces for the elite, the Washington Post, has begun to demonize Bitcoin. And if you are going to demonize something, one of the fastest ways to do that is to link it with racists. The following is an excerpt from an article that the Post just published entitled “Bitcoin’s Boom Is A Boon For Extremist Groups”…
Read more at:The Washington Post Ominously Warns That Bitcoin Is Being Used By ‘Extremist Groups’
- In an article published by the WSJ today, which was originally titled “Are Central Bankers About to Lose Control?” but after some shoulder taps was renamed to the far more neutral “Can Central Banks Keep Control of Interest Rates?” author Jon Sindreu looks at the current Goldilocks state of the market, in which global growth is “coordinated and widespread” yet inflation remains absent preventing central banks from hiking rates rapidly, resulting in “elated investors” who nonetheless are haunted by a question “will interest rates develop a mind of their own?”
- The response to this question will also answer the overarching question posed by the WSJ: are central bankers about to lose control after nearly a decade of artificial vol suppression and asset inflation on the back of $15 trillion in excess liquidity. The goalseeked response that the WSJ is looking for, is also the result of a Blackrock report released last week titled “The real story behind low interest rates.”
Read more at:“Are Central Bankers About To Lose Control?” The WSJ Asks And Citi Answers
- Bitcoin, Ethereum, Litecoin and other major cryptocurrencies have been on a wild ride this year, and over the past 10 days the volatility that we have witnessed in the marketplace has been absolutely breathtaking. On December 17th, Bitcoin shot above $19,800 for a brief moment before it started plummeting dramatically. At one point the price of Bitcoin dipped below $11,000, which represented close to a 45 percent decline from the record high that it had hit just five days earlier. And Bitcoin was far from alone – virtually every other major cryptocurrency was also down between 25 and 50 percent during that five day period. But now almost all of them are bouncing back, and at this moment the price of Bitcoin is $14,219.99.
- So where do things go from here?
Read more at:Some Are Calling This ‘The Bitcoin Crash’, But Others Believe It Is Just A Bump In The Road On The Way To $40,000
- The first time when it became clear to me that I live in a dictatorship was in 2014 when reading, prior to its publication, the landmark (and still the only) scientific empirical study to address the question as to whether or not the United States federal Government is, authentically, a democracy — or, whether, alternatively, it’s instead more of a dictatorship, than a democracy.
- This study documented conclusively that America’s Government is the latter.
- So, on 14 April 2014, I headlined “US Is an Oligarchy, Not a Democracy, Says Scientific Study”. Subsequently, my editor linked it to the published article at the Journal where the study was published, Perspectives on Politics, from the American Political Science Association, and the full study can be read there.
Read more at:Zuesse: Americans Are Only Now Beginning To Learn They Live In A Dictatorship
- To process derivatives, currency trades, transactions, etc. Just don’t call it cryptocurrency. It’s a “digital currency.”
- As a general rule, most bankers disparage cryptocurrencies, like Bitcoin, as anything but purely speculative instruments. But they don’t disparage blockchain, the technology that underpins cryptocurrencies. On the contrary. They’re pouring money into developing their own “digital
- currencies,” as they call them. Just don’t call them “cryptocurrencies.”
- UBS, BNY Mellon, Deutsche Bank, Santander, the market operator ICAP, and the startup Clearmatics formed an alliance in 2016 to explore the use of digital currency between financial institutions and central banks, using blockchain
Read more at:Big Banks Are All Over Blockchain