Category Archives: History

Technocratic Dystopia Is Impossible, by Robert Blumen

It won’t work, for billions of reasons. From Robert Blumen at brownstone.org:

dystopia

In the coming technocratic dystopia, life will be grim for most of us. For those who survive the preliminary depopulation, a technological control grid run by AI and robots will keep tabs on our every movement. You notice that your pantry cube is running a bit low on freeze-dried bug burgers, fake meat, and cockroach milk.

You time your break to fall outside of your three daily hours of wind-powered internet. Forbidden by the World Economic Forum from owning your own car, you flag down a quick ride share from your leased living quarters in a stacked shipping container on the near side of your 15-minute city. After dropping off the seven other people in your ride share, you arrive at the fake meat distribution point, where you wait in a long queue, hoping to trade in a few of your remaining carbon ration credits for more provisions.

You worry that your transaction might be rejected by the central bank digital currency network. After all, there was that one moment where your wrinkled brow showed slight unhappiness. You wonder if the facial recognition AI picked it up during one of your masked Zoom calls.

But for the elites, things will be better than ever. Private jets, cars, ultra wagyu beef tenderloin (for their dogs), and large estates. Life-extension drugs will make them nearly immortal. They will vacation at 5-star hotels, a short limo trip from the Louvre, but without the crowds.

The WEF – an infinite source of technocratic malapropisms – says that you will “own nothing” and be happy (the happiness perhaps will be a drug-induced state as Yuval Hariri suggests). Many independent researchers who have looked into the WEF’s plans have reported similar findings. For example – see James Corbett, Patrick Wood, Whitney Webb 2, Tessa Lena 2, Jay Dyer, and Catherine Austin Fitts. 

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Japan Is Perhaps the Most Important Risk in the World, an Interview with Jim Grant and Christoph Gisiger

The Japanese bond market is a financial time bomb whose fuse has been lit. From Christoph Gisiger and Jim Grant at themarket.ch:

Speculation is mounting that the Bank of Japan is losing control of the bond market. Jim Grant, editor of «Grant’s Interest Rate Observer», believes this could trigger a shock to the global financial system. He also explains why he expects further surges in inflation and why gold should be part of your portfolio.

The news caught markets off guard: On December 20th, the Bank of Japan surprisingly extended the target range for the yield on ten-year government bonds to plus/minus 0.5%. A move that not a single economist had expected.

This week, the Bank of Japan could announce a major policy shift amid rising government bond yields and a strengthening yen. Although barely a month has passed since the BoJ’s last meeting, the bond market is already testing the new upper limit of the yield curve control regime.

«To us, Japanese interest rate policy resembles the Berlin Wall of the late Cold War era, a stale anachronism that must sooner or later fall,» says Jim Grant. For the editor of the iconic investment bulletin «Grants’ Interest Rate Observer,» recent developments in Japan pose an underestimated risk to global financial markets. Not least because virtually no one is talking about it.

In an in-depth interview with The Market NZZ, which has been slightly edited for clarity, Mr. Grant explains what it means for financial markets if the Bank of Japan is forced to scrap its yield curve control policy. But first, he says why he doesn’t believe inflation will end soon, why bonds may be at the start of a long bear market, and why he believes gold is the best choice as a store of value.

«If the past is prologue and if the great bond bull market is over, then on form, we are looking at what could be a very prolonged and perhaps gradual move higher in interest rates»: Jim Grant.

«If the past is prologue and if the great bond bull market is over, then on form, we are looking at what could be a very prolonged and perhaps gradual move higher in interest rates»: Jim Grant.

What do you observe when you look at the financial world today?

Well, it’s always the same, and – here’s the catch – it’s always a little different. The trick is to identify the unique or unusual feature of a familiar cycle. In this regard, it helps to know a little bit of financial history, and to just that extent it helps to be a little old. But what is not helpful is to mistake the past for a certain roadmap to the future.

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Charlie Don’t Surf (Oldie But Goodie), by Jim Quinn

Once in a while you run across an Internet piece that’s stood the test of time. From Jim Quinn at theburningplatform.com:

This was one of my favorite articles, written in February 2010. Most of my normal financial sites turned it down. A lot of people didn’t like it. It was too tough for them to swallow. I like it when my articles make people uncomfortable. My confidence that it was a good article went up when Marc Faber emailed me and said it was one of the best articles about American Imperialism he had read and asked me for permission to reprint it in his Gloom, Doom and Boom Report. I was reminded of the article because I was on a Zoom call with Marc and others today. He believes the US starting a war in Asia, where he lives, is the biggest threat today.

“I’ve seen horrors… horrors that you’ve seen. But you have no right to call me a murderer. You have a right to kill me. You have a right to do that… but you have no right to judge me. It’s impossible for words to describe what is necessary to those who do not know what horror means. Horror… Horror has a face… and you must make a friend of horror. Horror and moral terror are your friends. If they are not, then they are enemies to be feared. They are truly enemies! I remember when I was with Special Forces… seems a thousand centuries ago. We went into a camp to inoculate some children. We left the camp after we had inoculated the children for polio, and this old man came running after us and he was crying. He couldn’t see. We went back there, and they had come and hacked off every inoculated arm.

There they were in a pile. A pile of little arms. And I remember… I… I… I cried, I wept like some grandmother. I wanted to tear my teeth out; I didn’t know what I wanted to do! And I want to remember it. I never want to forget it… I never want to forget. And then I realized… like I was shot… like I was shot with a diamond… a diamond bullet right through my forehead. And I thought, my God… the genius of that! The genius! The will to do that! Perfect, genuine, complete, crystalline, pure. And then I realized they were stronger than we, because they could stand that these were not monsters, these were men… trained cadres. These men who fought with their hearts, who had families, who had children, who were filled with love… but they had the strength… the strength… to do that. If I had ten divisions of those men, our troubles here would be over very quickly. You have to have men who are moral… and at the same time who are able to utilize their primordial instincts to kill without feeling… without passion… without judgment… without judgment! Because it’s judgment that defeats us.” – Marlon Brando portraying Colonel Walter E. Kurtz in Apocalypse Now

  

Colonel Kurtz was once considered a model officer, on track to become a general. The military brass concluded that Kurtz had gone insane. He had gone rogue. He commanded his own troops of natives deep in the jungles of Cambodia. They worshipped him like a god. The military brass dispatch Captain Benjamin Willard to terminate Kurtz’ command, with extreme prejudice.

Kurtz was a symbol of American imperialism. American leaders decided the way to stop communism was to dispatch 553,000 American men to a godforsaken hell on earth in order to spread democracy. This pointless effort cost American families over 58,000 dead boys and another 150,000 wounded. Kurtz was right. The North Vietnamese lost 1.2 million dead and 600,000 wounded, but their willingness to do anything to drive out the imperialist invader led to ultimate victory. Colonel Kurtz understood that severe brutality and lack of moral qualms is the only way to confront an enemy defending its homeland. Reason, humanity, and morality would insure defeat.

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The Age of Exterminations: How to Kill a Few Billion People, by Ugo Bardi

Kill one person and you’re a murderer. Kill a few million and you’re a head of state. Kill a few billion and you’re a philanthropic benefactor of humanity. From Ugo Bardi at senecaeffect.com:

Bill Gates has been accused of having publicly declared (*) his intention to exterminate billions of people in order to reduce overpopulation. It is not true; Gates never said anything like that. Unfortunately, though, that doesn’t mean we can rule out that some powerful elites are actually planning mass exterminations. It has already happened in the past, there is no reason to think that it won’t happen again. The problem is not with overpopulation itself, but with the concept of “utilitarianism” that empowers the elites to take action without being bound to moral principles. We saw it happening with the Covid pandemic. We must rethink our implicit assumptions if we want to avoid even worse disasters in the future. 

With 8 billion people alive on Earth, it is reasonable to believe that the planet is becoming a little crowded and that life would be better for everyone if there weren’t so many people around. But we should not neglect the opposite opinion: that we have resources and technologies sufficient to keep 8 billion people alive and reasonably happy, and perhaps even more. Neither position can be proven, nor disproven. The future will tell us who was right but, in the meantime, it is perfectly legitimate to discuss this subject.

The problem is that we don’t have a discussion on population: we have a clash of absolutes. The position that sees overpopulation as a problem has been thoroughly demonized over the past decades and, still today, you cannot even mention the subject without being immediately branded as a would-be exterminator. It happened to Bill Gates, to the Club of Rome, and to many others who dared mention the forbidden term “overpopulation.”

The demonization is, of course, a knee-jerk reaction: the people who propose population planning would be simply horrified at being accused of supporting mass exterminations. But note that there is a real problem, here. Exterminations DID happen in the recent past, and they were carried out largely on the basis of a perceived overpopulation problem. During the Nazi era in Germany, the idea that Europe was overpopulated was common and it was widely believed that the “Lebensraum, the living space,” available was insufficient for the German people. The result was a series of exterminations correctly considered the most heinous crimes in human history. 

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Explaining Multipolarity, Decline of US Hegemony, by Michael Hudson

The U.S. is going to be less important, the rest of the world more important. From an interview between Radhika Desai and Michael Hudson at unz.com:

Transcript

RADHIKA DESAI: Hi everyone, and welcome to this Geopolitical Economy Hour. I’m Radhika Desai.

MICHAEL HUDSON: And I’m Michael Hudson.

RADHIKA DESAI: Every fortnight we are going to meet for an hour to discuss major development in the fast-changing geopolitical economy of our 21st-century world.

We’ll discuss international developments. We’ll discuss their roots in individual countries and regions. We will try to uncover the reality beneath the usually distorting representation of these developments in the dominant Western media.

We plan to discuss many subjects: inflation, oil prices, de-dollarization, the outcome of the war over Ukraine which is going to determine so many things, the threats the U.S. is making against China about Taiwan, China’s increasingly prominent role in the world, how China’s Belt and Road Initiative is going to reshape it, how Western alliances and the Western-dominated world that was built over the past couple of centuries is so rapidly fracturing.

We’ll discuss financialization, the West’s productive decline. Many important things. Michael, am I leaving any important things out?

MICHAEL HUDSON: Well we have been talking about this for many decades. Already in 1978 I wrote a book, Global Fracture, about how the world is dividing into two parts. But that time, other countries were trying to break free so they could follow their own developments.

And today it’s the United States that is isolating other countries – not only China, Russia, Iran, Venezuela, but now the Global South – so the United States has ended up isolating itself from the rest.

What we’re going to talk about is how this is not only a geographic split, but a split of economic systems and economic philosophies. We’re going to talk about what the characteristics and the policies [are] that are shaping this new global fracture.

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Emmanuel Todd On The Third World War, by Moon of Alabama

Ukraine is existential for the country of Russia and for the empire of America. One will win and one will lose. From Moon of Alabama at moonofalabama.org:

The French Le Figaro has an interview with the well known anthropologist Emmanuel Todd.

Emmanuel Todd: «La Troisième Guerre mondiale a commencé»

“The third world war has began” is his new thesis. Todd is quite famous for correctly predicting the devolution of the Soviet Union long before it happened. He was quite alone at that time.

I once had a piece on Todd’s later predictions for the U.S. and Europe which still seems spot on. I also quoted him in a piece on social decline as a national security issue.

Unfortunately the Figaro piece is paywalled. But Arnaud Bertrand has done us the favor of translating the gist. Here is his slightly edited thread:

Arnaud Bertrand @RnaudBertrand – 15:42 UTC · Jan 13, 2023Emmanuel Todd, one of the greatest French intellectuals today, claims that the “Third World War has started.”

Small 🧵 translating the most important points in this fascinating interview.

He says “it’s obvious that the conflict, which started as a limited territorial war and is escalating to a global economic confrontation  between the whole of the West on the one hand and Russia and China on the other hand, has become a world war.”

He believes that “Putin made a big mistake early on, which is [that] on the eve of the war [everyone saw Ukraine] not as a fledgling democracy, but as a society in decay and a “failed state” in the making. […] I think the Kremlin’s calculation was that this decaying society would crumble at the first shock. But what we have discovered, on the contrary, is that a society in decomposition, if it is fed by external financial and military resources, can find in war a new type of balance, and even a horizon, a hope.”

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The Great Decentralization, Part II, by Joel Bowman

A centuries-long trend towards ever-greater centralization has run its course. From Joel Bowman at bonnerprivateresearch.com:

Joel Bowman, appraising the situation from Buenos Aires, Argentina…

Welcome to another Sunday Session, dear reader… that time of the week when we step away from the Monday-Friday war of attrition and take a moment to contemplate the bigger picture, such as we can… all with the animating assistance of a glass of two of high-altitude Malbec

When we left you this time last week, we were ruminating over a theory of cycles, large and small. This is not a novel musing. In fact, greater thinkers have been puzzling over the subject for millennia, at least as far back as the ancient Greeks.

It was that clever ol’ Ephesian, Heraclitus, who believed in the universal concept of enantiodromia (later taken up by Nietzsche and Jung) – the idea that everything is at all times in the process of becoming its opposite; hot things cool, wet things dry, etc. One might consider this with regards to centralization vs. decentralization, top down control by the few vs. bottom up “spontaneous order” of the many, growth vs. value, life giving way to death…

The pendulum swings from one extreme to another, the emergent membrane between the two akin to that undefinable moment where one thing morphs into the other, when an edgy band becomes mainstream, when the politics of liberation becomes the politics of oppression, or when a young man looks in the mirror one day and sees an old man staring back at him.

In political terms, we think of peace giving way to war… then, once the parched earth is soaked in the blood of young men, yielding to peace once again.

“Great armies rise,” as Bill observed during the week, “and then – under the weight of their own booty, bureaucracy and brass – they fall.”

Today we continue our series on the nature of cycles with a look at how we view history itself. Please enjoy…

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America’s Dumbest War, by Bob Moriarty

Has there ever been a smart war? From Bob Moriarty at 321gold.com:

According to documents put out by a report service working for Congress the US has launched 251 foreign military interventions in the last thirty years. The report also says the US started more than 80% of all military conflicts since the end of World War II.

We are in luck because the US (Stanford University IT Department says that using the words America or American should be forbidden) may well have fought their next to last war because it is having unintended consequences no one could have forecast. Actually that is not true either. They were forecast.

Before I dive into why this war is so obscenely stupid and self destructive, I’d like to comment about something I have learned about life in general.

To succeed overall, you need to be good at something. It could be singing. It could be writing. It could be working as a mechanic or a cook. Actually it could be nearly anything. You just need to find something you are good at.

Once you find something that you are good at, you need to do more of it. Frankly there are a couple of things I am good at that somehow manage to pay the bills but there are hundreds of more tasks I am pretty useless at. So do more of what you are good at and less of the things you are not good at and you will get along just fine.

Can I give you a classic example?

Let’s say you work for the government. You got your job because basically you are a freak. You think that you would make a great luggage thief. You take a flight; you stand around the luggage area after the flight and see a bag you would like so you walk off with it. Alas, the baggage area has cameras all over so you get caught.

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Patrick Lawrence: Europe and the Legitimization of Deception

As we were all told as kids and as we all learned growing up: lies always come back to bite you on the ass. From Patrick Lawrence at sheerpost.com:

Federal Chancellor of Germany Angela Merkel, President of Russia Vladimir Putin, President of France François Hollande at the Kremlin to discuss solutions to the situation in southeast Ukraine. (2015-02-06). Kremlin.ru, CC BY 3.0 https://creativecommons.org/licenses/by/3.0, via Wikimedia Commons

The U.S., having no need of or gift for statecraft, has long practiced what I’ve taken to calling the diplomacy of no diplomacy. You can’t expect much from bimbos such as Antony Blinken or Wendy Sherman, Blinken’s No. 2 at the State Department. All they can do is roar, even if they are mice next to any serious diplomat.

But have the European powers now followed along? I fear to ask because I fear the answer. But I must, given recent events.

Early last year, when Petro Poroshenko stated publicly that the post-coup regime in Kyiv had no intention of abiding by diplomatic commitments it made in 2014-15 to a peaceful settlement of the Ukraine crisis, a few eyebrows arched, but not over many. Who was the former Ukrainian president, anyway? I had him down from the first as a self-interested dummkopf who did what Washington told him to do and nothing more, no shred of statesmanship about him.

It was another matter when, in early December, Angela Merkel admitted in back-to-back interviews that the European powers were up to the same thing. The objective of diplomatic talks in late 2014 and early 2015, the former German chancellor told Der Spiegel and Die Zeit, was not, as they had pretended, a framework for a federalized Ukraine in the cause of a lasting peace between its hostile halves: It was to deceive the Russians to give Kyiv time to prepare for a military assault on the Russian-speaking provinces in the east, whose people had refused to accept the U.S.–orchestrated coup that brought compulsively Russophobic Nazi-inflected nationalists to power in February 2014.

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Nixon Threatened to Reveal the CIA’s Involvement in the Kennedy Assassination, by Roger Stone

We’re probably never going to know the complete story of Kennedy’s assassination or Watergate, but bits and pieces of both keep emerging. From Roger Stone at rogerstone.substack.com:

Shocking new Watergate-era tape reveals.

NOTE: While this post is available to all, in order to give you a sample of the content to expect here on Stone Cold Truth, in the coming days, controversial and groundbreaking content like this will require a paid subscription, which supports my journalistic efforts.

A stunning, long-overlooked Nixon Watergate-era tape shows Richard Nixon warning CIA Director Richard Helms that he knows of CIA involvement in the murder of John F. Kennedy- “I know who shot John.”

This shocking new tape depicts Nixon increasingly besieged by Watergate but unaware that at least four of the Watergate burglars were still on the CIA payroll at the time of the break-in, and that the CIA had thus infiltrated the burglary team. Recently declassified documents reveal that Watergate Special Prosecutor Nick Akerman was aware of both the CIA’s advance knowledge and involvement in the break-in — but said and did nothing.

Senator Howard Baker, the Republican Leader on the Senate Watergate Committee and his counsel Fred Thompson himself, a future U.S. Senator from Tennessee, like Baker, stumbled on the CIA’s deep advanced knowledge and direct involvement in the Watergate break-in. Baker and Thompson both knew that at least four of the Watergate burglars were on the CIA payroll at the time of the break-in and that through CREEP Security Director James McCord, had infiltrated the burglary team. Senate Watergate Committee Chairman Sam Ervin stoutly refused to allow Baker and the Committee Republicans including Edward J. Gurney of Florida the right to publish a Minority Report which noted this stunning information regarding the CIA.

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