Guest Post by Jim Kunstler
“Deny, deflect, minimise & mock your enemies questions. Don’t engage them in good faith, they’re attacking you with a view to undermining you. Don’t fall for it. Don’t give them an inch.” — Aimee Terese on Twitter
The net effect of all the lying propaganda laid on the public by the people running things lo these many recent years is a peculiar inertia that makes us seemingly impervious to gross political shocks. Momentous things happen and almost instantly get swallowed up by time, as by some voracious cosmic amoeba that thrives on human malignancy. Case in point: the multiple suicide of several giant banks just days ago that prompted “Joe Biden” to nationalize the US banking system.
As if all the operations around finance in this land were not already unsound and degenerate enough, the alleged president just cancelled moral hazard altogether. It’s now official: from here forward there will be no consequences for banking fraud, poor decision-making, fiduciary recklessness, self-dealing, or any of the other risks attendant to the handling other people’s money. Bailing out the Silicon Valley Bank and Barney Frank’s deluxe Signature Bank means that the government will now have to bail out every bank every time something goes wrong.
The trouble, of course, is that the government doesn’t have the means to bail out every bank. Its only resort is to ask the Federal Reserve to summon new money from a magic ether where the illusion of wealth is conjured to paper-over ever greater fissures in the splintering matrix of racketeering that America has become. That will quickly translate into US dollars losing value, that is, accelerating inflation, which is how nature punishes you when your government lies and pretends that it has a bad situation well-in-hand.
Be advised: the situation is not in-hand and is going to get a whole lot worse as new and subsidiary shocks thunder through the weeks and months ahead, until the whole wicked business blows. Likewise, the reactions of our government will only get more tragi-comically pathetic. The harder this gang of feckless, wannabe control freaks pretends to control events, the faster events spin out of control.
Money dies when it loses its direct connection to the generation of wealth from the real things of this earth: fuels, crops, metals, materials, labor, and the value-added products made from them. Since that divorce has already happened, the need arises for something else that can function as money (a store of wealth, an index of value, and a medium of exchange). The government will pretend that a Central Bank Digital Currency is that something else. Since banking is now nationalized by the Federal Reserve backstopping everything and everybody, then theoretically all the wealth of the nation is under its command. That would be another illusion.
This CBDC would not be “money” representing wealth because America’s wealth is going, going, gone, pissed away, falling apart, de-laminating, oxidizing, rusting in the rain, going up in a vapor. Think of all those mortgaged cars on the road racking up the mileage until they’re worthless and all those mortgaged suburban houses built out of particle-board and vinyl smeared all over the landscape, decomposing into their constituent chemicals — over time, a dead loss. And that’s what’s left of our American Dream: coldcocked by entropy and, by extension, the laws of the universe. The CBDC would just be a computerized tracking apparatus for zombies lurching pointlessly around that dead zone… a final insult. The CBDC is already DOA, only the CB doesn’t know it.
One big mistake so many commentators and observers are making takes us back to the matter of cancelled moral hazard, and of consequence in general: it is the failure to appreciate how much disorder will manifest from the farrago of mindfuckery and misconduct we’ve been subjected to. By which I mean things stop working, including the elemental things like your ability to get food, fix whatever breaks, and keep the lights on.
The potential disorder is why our government will probably not be able to fix itself. The disorder may go on for quite a while, but eventually the survivors will synergetically fix their circumstances themselves working in-step with the emergent mandates of reality. Having lived through a reality-optional period of history, it will come as an ecstatic shock to learn that the world requires us to pay attention to what is really happening and to act accordingly. We’ll find ways to get food, make some things work, and shine some lights in the darkness, if perhaps not by means we’re familiar with now.
In the meantime, expect more disordering tragi-comedy from the “Joe Biden” led psychotic regime ruling over us with its drag queen commissars, lawless Lawfare vandals, race hustlers, agents provocateurs, informers, censors, prosecutors, inquisitors, jailers, and propagandists — the worst collection of imbeciles, grifters, and villains ever assembled into political party.
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“Never underestimate Joe’s ability to fuck things up” B Obama.
cc,
biden is definitely an inept,corrupt bungler but this was gonna happen,maybe just not so soon or avalanche style —
He’s just another sell-out for the establishment. A chocolate Benedict Arnold.
First off, had to look up farrago. Great word. Have to remember that one.
Second, Jesus Kuntsler can sling the prose…”emergent mandates of reality.” Four goddamn words he cuts right to the heart of all of our problems and expresses the required–though dreadfully difficult–solution.
Third, I think he is wrong about the Fed and CBDCs. The Fed and the NY Banks for which it works (read: JPM primarily) is FIGHTING CBDCs. They want control of the dollar back from the Eurodollar markets. All the moves line up with this. The BTFP deal is just a kinder, friendlier version of the Discount Window. They have to keep commercial banking functioning through all this, while taking down the shadow Eurodollar markets and ultimately Davos/EU also. Don’t believe the Fed is in bed with those assholes….they were under Bernanke and Yellen, but no longer. Now Dimon and Powell are fighting them and fighting dirty.
Doesn’t mean a) they Fed/NY Banks are the “good” guys or b) that they will win. My best guess, NO ONE will win…they will all lose control and chaos will occur on all fronts.
We shall see.
I agree with your summation. No one at the top of the central banks wants to be subservient to another central bank.
And while I think the majority of people in the US are either asleep or dumber than a box of rocks, I don’t believe digital currency controlled by the Federal Reserve will go over well. It didn’t even go well in Nigeria.
So chaos and disorder it is.
The rings below The One Ring are vying for supremacy and status. No honor amongst thieves.
Mary- All central banks in every country are Rothschild banks and the banks such as Citi, BoA , Wells Fargo etc (also Rothschild banks) are shareholders in the Federal Reserve. The notion that CB’s are separate entities is just not true and the whole shootin’ match is Rothschild owned.
CBDC’s will start out as digital coins in each country but will eventually become a universal global (one world) digital coin.
Luongo.
I concur
“… the worst collection of imbeciles, grifters, and villains ever assembled into political party.”
– J.H.K.
Those Demoncratz have soooo much to be proud of. /s Fucking communist monsters.
Auntie doesn’t believe the damage they have done is reversible. Prepare for a crash landing: it is gonna be EPIC (if WWIII doesn’t happen first.)
Mostly agree, except I’m not sure that we have weeks to months, more like days to weeks. Maybe, but I’m not sure.
Meanwhile First Republic is looking like it’s going down next.
The Fed wants to investigate itself – again . . . ha ha ha ha. Good one.
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Crypto is good, sound finance:
https://wallstreetonparade.com/2023/03/silicon-valley-bank-was-a-wall-street-ipo-pipeline-in-drag-as-a-federally-insured-bank-fhlb-of-san-francisco-was-quietly-bailing-it-out/
https://wallstreetonparade.com/2023/03/bank-stocks-plummet-as-bank-runs-in-the-u-s-gain-momentum-at-federally-insured-non-traditional-banks/
https://wallstreetonparade.com/2023/03/fdic-investigators-are-on-the-premises-of-collapsing-federally-insured-crypto-depositor-bank-silvergate-its-not-a-friendly-visit/
https://www.zerohedge.com/markets/what-else-can-it-do-credit-suisse-deposit-run-continues-despite-snb-rescue
Thank you yet again for another piece of prophetically parsed prose. It’s as if last weeks events crystallized your foresight to a higher state of clarity and purity. You remind me of the words of chief engineer Joseph Bell (Titanic) after his analysis of flooding in the various watertight compartments. He simply said “It’s a mathematical certainty”. We’re going down too—nearly all our compartments are flooded. But our equations are more complex than his were so the only question becomes: How much ruin is in this empire?
Clif High forecasts this will be The Summer Of Hell, followed bt a SHTF event in September.
I would like to think a significant portion are just watching and saying “That’s not my America, let it burn.”
But in fact I know from talking to people and asking questions regarding “big” news stories of the day that they don’t know, don’t care and lack the concentration necessary to understand. They want to be left alone to watch Survivor and Dancing With The Stars.
And don’t forget that eternal nugget of human truth . “You know how dumb the average person is? Well half of them are dumber than that!”
I would like to find the half that are smarter. Some of them hang out here, but there has to be a bunch more.
There are also the young, lost, misguided, who have been lied to. I’ve talked with many young ‘uns, who know something is up. They deserve their lives, but need help, and may follow malevolent demagogues if we don’t reach them.
Some of that “bunch more” you speak of may younger folks waiting for slightly wiser, older sorts. That bunch you look for may be young seeds waiting for water and sun. A righteous fight, if such a thing could be. And again, they deserve their lives. Their elders have failed them.
Convid + Social Distancing + Masks + Vaxx +Health Passports + cUckAine + Nordstream + Long Convid + FTX + SBF + Ohio + Known Traveller + Bill Gates +SVB + Bailouts + Bail-ins + Upcoming SS + Rate Hikes + Geoengineering + ReaperDrones + Digital ID + Fed Coin + 12 Days away Bomb + Fake Chinese Police Stations + Inflation + CBDC = ?
The continual ass fucking of the Lumpen, no lube.
Only due to the complicity of the masses in their own subjection. It is simple arithmetic: the few can never rule the many, but by compliance.
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“ If totalitarianism did not exploit [archetypes], which are deep inside us all and rooted deep in all religions, it could never attract so many people, especially during the early phases of its existence. Once the dream of paradise starts to turn into reality, however, here and there people begin to crop up who stand in its way, and so the rulers of paradise must build a little gulag on the side of Eden. In the course of time this gulag grows ever bigger and more perfect, while the adjoining paradise gets even smaller and poorer.”
― Milan Kundera, The Book of Laughter and Forgetting
Resistance is essential, not futile. You will decide whether you are to be assimilated.
Add in the amount of counterfeit stock shares and market manipulation and the fraud is even more severe
The recent bank failures are not old fashioned bad economic luck stories, they are bank robberies using a pen and computer by leftist grifting money to liberal politicians, and organizations like BLM. Treasury rates & lockdowns are gaslighting for woke libturd Diversity Dumbbell CEOs and stealing. Usurper FJB is going to have Uncle Stupid Taxpayer pay the “losses”. It is money laundering by the democrats and NeoCons no less than the Ukraine War is. Right now, every state has Traitors advancing lengthy vague Bills to legalize CBDCs in 2023; only they are disguised as Bills to strengthen the dollar, expand banking equity, etc. Everyone is scheduled to receive a FedCoin Card in 2023 with all their wealth automatically Tokenized on it, and an individual QR Code. The USA will go fully FedCoin July2024 and all other money and barter will be illegal. Every state should pass short simple Bills to outlaw programmed (ie, spyware) CBDCs, to legalize US Mint silver and gold coins, to legalize state banks independent of the Rothschild bank, and forbid outlawing US and state paper currency , cryptos, and barter. The Fed is trying to sneak in a Mark Of The Beast (TMOB) money system (FedCoins) and you would be insane and want to become a slave, to not fight CBDCs. God warned us about this 2,000 years ago in Rev 13; you can doubt that but you cannot doubt CBDCs would become tied to Social Credits and Tyranny.
Th SVB, Credit Suisse collapses are just the tip of the iceberg, more banks will inevitably fail due to the fractional reserve scam and the quadrillion dollar derivative over leveraging time bomb thus advancing the collapse of the global financial system which will be used to rationalize the reconfiguration of the global system, what the plutocrats refer as a New World Order/Great Reset.
The plutocrats will allow the scams, grift, graft, corruption and malfeasance to play out until the system is so broken, so corrupt, so ruthless the elites will dupe us to believe the system needs restructuring, reconfiguring and change to make things equitable, safe and “democratic”! Keep in mind these psychopaths hate us and want to kill as many of us off as possible so don’t fall for their Great Reset/New World Order okey-doke. Resistance is most effective on the microlevel, don’t take their kill shots. get out of debt as quickly as you can, make your personal health a top priority, get off the grid as much as you can, do not support the corporations and businesses owned and controlled by the plutocrats (get a list know the facts) and seek out like minded people to support and reinforce your values and world view. We can resist and we can win.
We MUST resist.
The system only exists by the complicity of the many.
The system only exists by the complicity of the many.
The many exist because of the
complexity of the system.
Went to Citi Bank in Calumet City today 6 black women working and 2 total customers in line. I have 400 bucks left till credit card is paid off and closed for good.
The Oreo Ratio
“Deny, deflect, minimise & mock your enemies questions. Don’t engage them in good faith . . .”
. . . because that’s the way they’ve been attacking you for the better part of a century, and look where it’s got you.
I’ve ling said that wealth, true wealth, is created ONLY through labor and land. Everything else is a skim.
Ask Hardscrabble Farmer, Mark, TN Patriot and others, they know.
I’ve often disagreed with you, but you have simply written fact here. One may not wish wealth into existence. We may exist in a state of unaltered nature, or mix our labor with the soil and reap fruits.
“Man is born naked into the world, and needing to use his mind to learn how to take the resources given him by nature, and to transform them (for example, by investment in “capital”) into shapes and forms and places where the resources can be used for the satisfaction of his wants and the advancement of his standard of living. The only way by which man can do this is by the use of his mind and energy to transform resources (“production”) and to exchange these products for products created by others. Man has found that, through the process of voluntary, mutual exchange, the productivity and hence the living standards of all participants in exchange may increase enormously. The only “natural” course for man to survive and to attain wealth, therefore, is by using his mind and energy to engage in the production-and-exchange process. He does this, first, by finding natural resources, and then by transforming them (by “mixing his labor” with them, as Locke puts it), to make them his individual property, and then by exchanging this property for the similarly obtained property of others. The social path dictated by the requirements of man’s nature, therefore, is the path of “property rights” and the “free market” of gift or exchange of such rights. Through this path, men have learned how to avoid the “jungle” methods of fighting over scarce resources so that A can only acquire them at the expense of B and, instead, to multiply those resources enormously in peaceful and harmonious production and exchange. The great German sociologist Franz Oppenheimer pointed out that there are two mutually exclusive ways of acquiring wealth; one, the above way of production and exchange, he called the “economic means.” The other way is simpler in that it does not require productivity; it is the way of seizure of another’s goods or services by the use of force and violence.”
~ Murray N. Rothbard, “The Anatomy of the State”
READ REST:
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“Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.” ― Walter E. Williams
“But let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you – and why?”
― Walter E. Williams, All It Takes Is Guts
“How does something immoral, when done privately, become moral when it is done collectively? Furthermore, does legality establish morality? Slavery was legal; apartheid is legal; Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of moral people.”
― Walter E. Williams, All It Takes Is Guts
https://www.goodreads.com/author/quotes/235021.Walter_E_Williams
“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.” ― John Stuart Mill, On Liberty
https://www.goodreads.com/work/quotes/2387235-on-liberty
“A man’s natural rights are his own, against the whole world; and any infringement of them is equally a crime; whether committed by one man, or by millions; whether committed by one man, calling himself a robber, or by millions calling themselves a government.”
― Lysander Spooner, No Treason: The Constitution of No Authority
https://www.goodreads.com/work/quotes/2095916-no-treason-the-constitution-of-no-authority
“Let us not, in the pride of our superior knowledge, turn with contempt from the follies of our predecessors. The study of the errors into which great minds have fallen in the pursuit of truth can never be uninstructive. As the man looks back to the days of his childhood and his youth, and recalls to his mind the strange notions and false opinions that swayed his actions at the time, that he may wonder at them; so should society, for its edification, look back to the opinions which governed ages that fled.”
― Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds
https://www.goodreads.com/work/quotes/1033191-memoirs-of-extraordinary-popular-delusions-and-the-madness-of-crowds
Anon, long comment, good references—especially creation of wealth by workers. I have a simple model that goes like this: When God told Adam “by the sweat of thy brow you will eat bread”, all of humanity was parted to two groups. One group said in our hearts, “so be it. I will be a worker and a producer”. The other group still says, “I will live by the sweat of other men’s brow”. Thus it will ever be.
Excellent Anon , makers or takers,win /win , win /lose .
High ESG score= the key indicator of a troubled bank.
SVB + FTX + SBF = Jews
There fixed it.